Filter all of our publications to find the ones you are most interested in by content language, date, geography and/or topic.
Sort our publications chronologically from newest to oldest, regardless of geography and/or topic matter.
Sort publications according to the number of time reads by our users, regardless of geography and/or topic matter.
February 13, 2025
Spanish banks are rapidly translating the reduction in official interest rates to new lending operations' interest rates, which benefits borrowers. In the case of deposits, the transmission is slightly slower than in the hiking cycle, which benefits depositors.
February 11, 2025
Profitability and NIMs of the sector have started to improve in 4Q24, which will continue with the rate-cutting cycle of the CBRT. The monetary stance remains to be supported with the macro-prudential measures. We expect the ROE of deposit banks to barely improve to 30% by end 2025 from 28.4% at the end of 2024.
February 9, 2025
Monthly inflation in January was 0.94%, exceeding analysts' expectations (0.82% projected in the Central Bank of Colombia’s survey). As a result, the annual variation remained stable for the third consecutive month at approximately 5.22%.
February 5, 2025
The average national unemployment rate for 2024 was 10.2%, unchanged from 2023. In major cities, the unemployment rate declined between 2023 and 2024, whereas it increased in the rest of areas. Throughout 2024, the seasonally adjusted unemployment rate trended downward, closing at 9.7% in December.
January 31, 2025
Standard & Poor’s reaffirmed Colombia’s sovereign rating at BB+ with a negative outlook, highlighting economic recovery despite fiscal deterioration. The key now is sustainable growth, driven by investment. The next challenge will be Moody’s review, which still keeps Colombia at investment grade.
January 20, 2025
The effects of the exchange rate depreciation and the "Buen fin" influenced the acceleration of current credit to a nominal annual rate of 13.2% in November. This also influenced the acceleration of bank deposits up to 10.5% nominal. Going forward, the weakness of activity and employment points to a slowdown.
January 10, 2025
Colombia’s domestic savings reached 15.4% of GDP in Q3 2024, driven by the private sector. Yet, the annual average of 11.3% reveals structural challenges. Addressing fiscal imbalances is vital to establishing savings as the foundation for sustainable growth.
January 10, 2025
Inflation closed the year with an annual variation of 5.20%, remaining unchanged compared to the figure recorded in November. The monthly variation was 0.46%, above the expectations of market analysts, who according to the Banco de la República survey expected a monthly variation of 0.41%.
January 10, 2025
Formal bank commitments to net-zero are facing challenges amid shifting policy perspectives. However, its economic rationale is very much alive for banks seeking (i) growth in green sectors, (ii) strategic alignment with regulatory changes and (iii) helping clients adapt through specialization.
