Despite the fact that a greater number of credit establishments (7 compared to 6) recorded losses as of last August, profits for the entire sector reached $13.13 billion34.39% higher than a year ago when they were $9.77 billion.
(Minimum wage: the increase for 2023 could be between 13% and 18%).
Within those entities, the banks obtained profits of $11.26 trillion, which represented an increase of 37.65% compared to the $8.18 trillion they had obtained in the eighth month of 2021, according to statistics from the Financial Supervision.
Remember that credit institutions are banks, financial corporations, financing companies and financial cooperatives.
According to the Financial Superintendent, the profits of the insurance industry (insurers, capitalization companies and insurance brokers) stood at $2 billionfollowed by Special Official Institutions with $1.4 trillion, trust companies with $312.4 billion, infrastructure providers with $241.1 billion, securities intermediaries with $110.4 billion, and Pension Fund Management Companies with $88.6 billion.
In contrast, the Companies Specialized in Electronic Deposits registered negative results of $28,800 million.
The settlors of businesses managed by trust companies thus had accumulated returns so far in 2022 of $5.8 trillion, with an increase of $2.7 trillion compared to the previous month.
(What is true and false about inflation in Colombia).
Investors of the 218 collective investment funds managed by trust companies, stockbrokers and investment management companies reported an increase in the balance of $1.3 trillion so far this year, due to the net gains in the valuation of Debt instruments.
Similarly, investors in the 105 private equity funds managed by trust companies and securities brokers received returns of $1.8 trillion.
Compared to long-term savings managed by mandatory pension funds, the 18,536,395 affiliates received in the last 12 months a decrease in their individual accounts originated in returns equivalent to $10 billionHowever, compared to the previous month, there was an increase of $563,100 million.
Deposits continue to be dynamic because as of August they registered a balance of COP 597 billion, a real annual variation of 3.9% (nominal of 15.2%).
Portfolio continues to grow
The gross balance of the portfolio amounted to $640 billion, consequently, the deepening indicator stood at 48.5% of GDP. In real terms, the gross portfolio grew 5.4%, a behavior that, according to the Financial Superintendent, reflects the increase in the balance in intermonthly terms ($7.8 billion); the dynamism of financing to households and companies, which in the month added disbursements of COP 33.7 billion ($27.9 billion in August 2021); the effect of inflation, given that the nominal growth rate is higher (16.8%) and the lower relative importance of write-offs.
The commercial portfolio grew 2.9% in real annual terms, consolidating the ninth consecutive month of growth, and the approval rate for the modality reached 85% of the number of applications and $15.9 billion were disbursed.
Microcredit completed 18 consecutive months of growth up to 3% real annual and with a month-on-month increase in the nominal balance of $250.1 billion.
The balance of the portfolio that reports delinquency greater than 30 days continues to decline. The quality due to arrears (proportion between overdue and gross portfolios) was 3.7% for the total portfolio.
BRIEFCASE
