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In March, outstanding credit granted to the non-financial private sector maintained double-digit growth, supported by corporate lending. Traditional banking deposits growth (sight+term) accelerated aunderpinned by public sector resources.

Colombia aims to cut its fiscal deficit to 5.1% of GDP in 2025, but success depends on swift institutional reforms, clear spending plans, and transparent financing. In a volatile global context, timely and credible messages are key to maintaining investor confidence.

In October 2024, traditional bank deposits had a real annual variation of 4.7% (9.7% nominal), a figure higher than that of September (4.0% real). While the current credit portfolio granted by commercial banks to the SPNF grew 7.0% real annually (12.1% nominal), below the increase in September (7.2% real).

In September, current credit to the NFPS slowed down 0.5% YoY in real terms, as a result of the lower dynamism of consumer and business credit. Traditional deposits decelerated 0.6% YoY in real terms, as a consequence of the continued weakness of term deposits. A feeble economic activity seems to lie beneath both dynamics.

In April 2024, the balance of traditional bank deposits (sight + term) registered a real YoY growth rate of 3.6%, while the balance of the current credit portfolio granted by commercial banks to the non-financial private sector (NFPS) recorded real YoY growth of 5.6%.

In March 2024, the balance of the current credit portfolio granted by commercial banks to the non-financial private sector (SPNF) registered a real annual growth of 4.9%, while the balance of traditional bank deposits (sight + term) registered a real annual growth rate of 4.5%.

In January 2024, the balance of traditional bank deposits (sight + term) registered a real annual growth rate of 4.3%, while the balance of the current credit portfolio granted by commercial banks to the non-financial private sector grew 4.9% annually in real terms.

In November 2023, the balance of traditional bank deposits (sight + term) registered a real annual growth rate of 5.4%, while the balance of the current credit portfolio granted by commercial banks to the non-financial private sector (NFPS) grew 5.6% annually in real terms.