Bank of the Republic (Colombia) Financial Information and Management

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The Bank of the Republic (Colombia) is a vital institution for the country's financial stability. It was established in 1923.

The bank's financial information is overseen by the Colombian government. It's accountable for maintaining a stable monetary policy and financial system.

The Bank of the Republic's management structure includes a Board of Directors, which is responsible for setting monetary policy and overseeing the bank's operations.

Bank of the Republic Overview

The Bank of the Republic was officially chartered by the Law 25 of July 25, 1923, making it a key player in Colombia's financial history. Its initial capital was a significant 10 million dollars in gold, with half provided by the government and the rest by foreign and national commercial banks.

The bank's role as a banker for banks is multifaceted, including acting as a State Bank, controlling the issue of the currency, and managing the financial policy of the country. It also regulates the exchange rate between the peso and other currencies.

The bank's Board of Directors, established by the same law, consists of ten members from private and public sectors of the economy, responsible for enforcing regulatory and monetary controls, including setting the discount rate and intervening to control interest rates.

History

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The Bank of the Republic has a rich history that spans over a century. The first predecessor to the current bank was created in 1880, named the Banco Nacional.

This bank was responsible for handling state funds, issuing currency, and making loans to the state. However, it was closed in 1894 due to excesses in the issuance of currency and bonds.

The Banco Central de Colombia was created in 1905, but it was also closed in 1910. This was a result of opposition from President Rafael Reyes' opponents.

In 1923, President Pedro Nel Ospina requested a committee to study Colombian economic conditions. This committee, led by American economist Edwin Walter Kemmerer, helped the Colombian government create the Banco de la República and the Office of the Comptroller General of the Republic.

The bank was officially chartered by the Law 25 of July 25, 1923, five days after the 113th anniversary of the Independence of Colombia. The bank was given a significant role in the country's financial policy.

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Here are some of the key roles of the Bank of the Republic:

  • Acting as a State Bank
  • Controlling the issue of the currency, the Colombian peso
  • Receiving foreign credits and making loans to the Government and private banks
  • Managing the financial policy of the country
  • Regulating the exchange rate between the peso and other currencies

The Board of Directors was created by the same law, with ten members from private and public sectors of the economy. They were given the power to enforce regulatory and monetary controls.

Others

The Bank of the Republic of Colombia has a significant presence in the country's financial landscape. Its domestic assets have been steadily increasing over the years, with a median average of 6,142.000 COP mn from Jan 2015 to Nov 2024.

One notable aspect of the Bank's domestic assets is the recent decrease in the "Others" category, which dropped from 23,608.000 COP mn in Oct 2024 to 22,697.000 COP mn in Nov 2024.

The Bank's domestic assets have shown a remarkable growth trajectory, with the data reaching an all-time high of 23,608.000 COP mn in Oct 2024. This is a significant milestone for the Bank, reflecting its increasing influence in the Colombian economy.

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However, the Bank's foreign assets have not fared as well. The "Others" category within foreign assets has seen a decrease, dropping from 2,387.000 COP mn in Oct 2024 to 2,202.000 COP mn in Nov 2024.

Here's a summary of the Bank's domestic and foreign assets in the "Others" category:

The Bank's performance in the "Others" category highlights the importance of monitoring and adjusting its financial strategies to stay competitive in the market.

Financial Information

The Bank of the Republic of Colombia has some interesting financial information worth noting. As of November 2024, the bank's equity profit for the financial year was a record high of 9,680,328.000 COP mn.

This is a significant increase from the previous month, which was 8,621,113.000 COP mn. The data is updated monthly and averages 756,494.000 COP mn from January 2015 to November 2024.

The bank's equity profit has reached an all-time high in November 2024, but it's also worth noting that it hit a record low of -2,862,001.000 COP mn in September 2022.

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The bank's equity result from previous years, on the other hand, has remained constant at 0.000 COP mn since October 2024. This is a monthly average of 0.000 COP mn from December 2015 to November 2024.

Here's a summary of the bank's financial information:

The data is reported by the Bank of the Republic of Colombia and remains active in CEIC.

Financial Operations

The Bank of the Republic (Colombia) is a key player in the country's financial system. It has a significant impact on the economy through its financial operations.

The bank's domestic assets have been fluctuating over the years, with a record high of 66,734,095.000 COP mn in Jul 2023 and a record low of 5,208,426.000 COP mn in Nov 2015. Its domestic liabilities, on the other hand, have remained relatively stable, with a record high of 125,866.000 COP mn in Jun 2020.

Here are some key statistics on the bank's financial operations:

The bank's assets have also been fluctuating, with a record high of 380,295,318.000 COP mn in Apr 2023 and a record low of 137,975,929.000 COP mn in Feb 2015.

Management

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The management of Banco de la República is responsible for making key decisions about monetary policy.

The Board of Directors of Banco de la República decided to maintain the monetary policy interest rate unchanged at 9.5% in January 2025.

The Board of Directors of Banco de la República opted to reduce the benchmark rate by 25 basis points (bps) to 9.50% in December 2024.

The Board of Directors of Banco de la República meets regularly to discuss monetary policy.

Here are some upcoming meetings related to monetary policy:

Bank of Republic of Colombia's assets have been decreasing in recent months.

In November 2024, Bank of Republic of Colombia's assets were reported at 346,570,859.000 COP mn, a decrease from the previous month's 346,714,033.000 COP mn.

Operations

Financial operations are a crucial aspect of any financial institution, and the Bank of Republic of Colombia is no exception. The bank's active monetary policy operations have been a key focus area, with domestic assets increasing to 46,032,649.000 COP mn in November 2024.

Credit: youtube.com, FINANCE OPERATIONS MANAGER

The bank's domestic assets have been steadily increasing over the years, with an average of 27,795,991.000 COP mn from January 2015 to November 2024. However, in November 2024, the bank's domestic assets decreased to 49,713,624.000 COP mn.

The bank's domestic assets: active monetary policy operations have also seen a significant decrease in November 2024, with a value of 17,179,425.000 COP mn. This is a decrease from the previous month's value of 17,817,352.000 COP mn.

The bank's domestic liabilities have also been a focus area, with passive monetary policy operations increasing to 8,639,389.000 COP mn in November 2024. This is an increase from the previous month's value of 7,727,586.000 COP mn.

The bank's domestic liabilities: exchange regulation operations have remained constant at 0.000 COP mn in November 2024. This is a record low, and it's a significant decrease from the previous high of 91,791.000 COP mn in April 2020.

Here's a summary of the bank's domestic assets and liabilities in November 2024:

The bank's financial operations are a complex and dynamic area, and there's much more to explore. However, these facts give us a glimpse into the bank's operations and help us understand the current financial landscape.

Advance Contracts

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Advance contracts are an essential aspect of financial operations, and understanding their dynamics can provide valuable insights into a company's or institution's financial health.

The Bank of Republic of Colombia's domestic assets, specifically advance contracts, have been decreasing over the past few months. In November 2024, they stood at 29,309.000 COP mn, down from 33,751.000 COP mn in October 2024.

The data for advance contracts is updated monthly and has been averaging 37,354.000 COP mn since January 2015. This average is based on 119 observations over the past decade.

The all-time high for advance contracts was recorded in February 2021, at 60,898.000 COP mn, while the record low was reached in December 2022, at 4,177.000 COP mn.

Forward Contracts

Forward Contracts are a type of financial instrument used by the Bank of Republic of Colombia to manage exchange rate risks. The data on Forward Contracts is reported monthly and has been consistent at 0.000 COP mn since November 2024.

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The Bank of Republic of Colombia has been actively using Forward Contracts in its financial operations, with the data averaging 0.000 COP mn from December 2019 to November 2024. This suggests a stable and consistent approach to managing exchange rate risks.

The highest value of Forward Contracts was recorded in May 2020 at 363,282.000 COP mn, which is significantly higher than the current value. This highlights the volatility of exchange rates and the need for financial institutions to manage risks effectively.

Here's a summary of the key statistics on Forward Contracts:

The consistency of the data on Forward Contracts suggests that the Bank of Republic of Colombia has a well-established process for managing exchange rate risks. This is an important aspect of financial operations, as it helps to mitigate potential losses and ensure the stability of the financial system.

Portfolio Investment Administration

The Bank of Republic of Colombia's portfolio investment administration is a significant aspect of their financial operations. As of November 2024, the bank's foreign assets through portfolio investment direct administration decreased to 194,192,282.000 COP mn.

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This is a notable decrease from the previous month, which saw a value of 194,348,412.000 COP mn. The data has been collected monthly since January 2015, with an average value of 134,615,353.000 COP mn.

The bank's portfolio investment administration has seen its fair share of fluctuations over the years. In April 2023, the bank's foreign assets through portfolio investment direct administration reached an all-time high of 217,649,059.000 COP mn.

Here's a breakdown of the bank's foreign assets through portfolio investment direct administration over the years:

The bank's foreign assets through portfolio investment foreign administration, on the other hand, increased to 71,553,863.000 COP mn in November 2024. This is a notable increase from the previous month, which saw a value of 70,865,839.000 COP mn.

The bank's foreign liabilities through portfolio investment direct administration decreased to 9,300,708.000 COP mn in November 2024. This is a decrease from the previous month, which saw a value of 10,633,657.000 COP mn.

The bank's foreign liabilities through portfolio investment foreign administration increased to 931,761.000 COP mn in November 2024. This is an increase from the previous month, which saw a value of 780,828.000 COP mn.

Financial Statements

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The Bank of the Republic of Colombia's financial statements are a vital part of understanding the bank's overall health and stability.

The bank's equity, specifically the result from previous years, has been reported to be 0.000 COP mn in November 2024, which is a constant from the previous month.

This data is updated monthly, averaging 0.000 COP mn from December 2015 to November 2024, with 108 observations. The data has reached an all-time high of 9,226,226.000 COP mn in January 2024 and a record low of -395,043.000 COP mn in January 2016.

This fluctuation in equity values highlights the importance of regular financial statement updates.

Balance Sheet

The balance sheet is a crucial part of a company's financial statements, providing a snapshot of its financial position at a specific point in time. It's like taking a photo of your bank account to see how much money you have.

The Bank of Republic of Colombia's balance sheet is updated monthly, giving us a clear picture of its financial health. For instance, in November 2024, the bank's equity, or profit for the financial year, was reported at 9,680,328.000 COP mn.

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This is a significant increase from the previous number, which was 8,621,113.000 COP mn in October 2024. The data has been consistently updated since January 2015, with a median of 756,494.000 COP mn.

Interestingly, the bank's foreign assets have also been increasing, reaching 296,857,235.000 COP mn in November 2024, up from 296,690,593.000 COP mn in October 2024. This is a notable trend, especially considering the data has been steadily rising since January 2015.

Here's a summary of the bank's foreign assets over the years:

As we can see, the bank's foreign assets have fluctuated over the years, but the overall trend is upward. This is a good sign for the bank's financial health and stability.

Other Comprehensive Income

Other Comprehensive Income refers to the changes in equity that are not included in net income. In the case of Bank of Republic of Colombia, the Other Comprehensive Income data was reported at -2,309,151.000 COP mn in Nov 2024.

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This data is updated monthly and has been averaging -340,976.000 COP mn from Jan 2015 to Nov 2024. It's worth noting that the data reached an all-time high of 904,410.000 COP mn in Jan 2021.

The Bank of Republic of Colombia reports this data, which is categorized under Global Database's Colombia – Table CO.KB019: Balance Sheet: Bank of Republic of Colombia. The data is active and has been recorded since Jan 2015.

International Relations

The Bank of the Republic of Colombia has a fascinating international relations aspect to its operations. The bank's foreign assets under international agreements have been reported at 0.000 COP mn in November 2024.

This data has remained constant from the previous month of October 2024. It's interesting to note that this data has been reported since January 2015, with a total of 119 observations.

Bank of the Republic of Colombia's international agreements have reached an all-time high of 113,271.000 COP mn in August 2015, which is a significant milestone in the bank's history.

International Agreements

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International Agreements are a crucial aspect of a country's foreign relations, and Colombia is no exception. The Bank of the Republic of Colombia reports data on International Agreements as part of its Balance Sheet.

The data shows that the value of International Agreements has remained constant at 0.000 COP mn in November 2024, the same as it was in October 2024. This is a significant figure, indicating a stable relationship with international partners.

The value of International Agreements has averaged 0.000 COP mn from January 2015 to November 2024, with 119 observations. This suggests a consistent level of engagement with international agreements over the years.

The highest value of International Agreements was recorded in August 2015, at 113,271.000 COP mn. This is a notable peak, indicating a strong interest in international cooperation at that time.

The data on International Agreements remains active and is reported by the Bank of the Republic of Colombia. This ensures that the information is up-to-date and reliable.

International Organizations Obligation

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International Organizations Obligation is a crucial aspect of a country's foreign relations, and Colombia is no exception. The Bank of the Republic of Colombia reports on its International Organizations Obligation, which is a type of foreign liability.

This obligation has been decreasing over the past few months, with a record low of 23,689,894.000 COP mn in November 2024, down from 23,858,553.000 COP mn in October 2024. This decrease is a significant change from the previous year, when the obligation was at an all-time high of 26,792,780.000 COP mn in April 2023.

The International Organizations Obligation has been a part of Colombia's balance sheet since January 2015, with a median average of 11,801,930.000 COP mn. The data is updated monthly, providing a clear picture of the country's foreign liabilities.

Here's a brief overview of the International Organizations Obligation in COP mn:

This data is reported by the Bank of the Republic of Colombia and remains active in CEIC, a global economic database. The information is categorized under Global Database's Colombia – Table CO.KB019: Balance Sheet: Bank of Republic of Colombia.

Real Cultural Heritage

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The Bank of Republic of Colombia has a significant investment in the country's cultural heritage. In November 2024, the value of their domestic assets in real historical, artistic, and cultural heritage reached 350,817.000 COP mn.

This is a notable increase from the previous month, with a growth of 1,096 COP mn. The data is updated monthly, providing a clear picture of the bank's investment in the country's cultural heritage.

The bank's investment in cultural heritage has been steadily increasing over the years, with a median value of 313,756.000 COP mn from January 2015 to November 2024.

The highest value recorded was 350,817.000 COP mn in November 2024, while the lowest was 271,040.000 COP mn in January 2015.

IMF

The International Monetary Fund, or IMF, plays a significant role in global economic governance. The IMF provides financial assistance to countries facing economic difficulties, promotes exchange rate stability, and offers technical assistance to help countries develop their economies.

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The IMF works closely with the Bank of Republic of Colombia, which reports its foreign assets to the IMF on a monthly basis. In fact, the Bank of Republic of Colombia's foreign assets data is updated monthly and has been averaging 4,936,908.000 COP mn from Jan 2015 to Nov 2024.

The highest value of foreign assets reported by the Bank of Republic of Colombia was 19,541,069.000 COP mn in Dec 2022, while the lowest value was 2,871,636.000 COP mn in Mar 2017. This data is reported by the Bank of the Republic of Colombia and is categorized under Global Database's Colombia – Table CO.KB019: Balance Sheet: Bank of Republic of Colombia.

Here's a summary of the Bank of Republic of Colombia's foreign assets data:

This data helps us understand the trends and fluctuations in the Bank of Republic of Colombia's foreign assets over time.

Interest Rates and Monetary Policy

The Bank of the Republic (Colombia) has been adjusting its policy rates in response to economic fluctuations and inflation. In 2022, the policy interest rate ended at 12.00%, significantly up from the 3.00% end-2021 value.

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To get a more accurate forecast, FocusEconomics collects Colombian interest rate projections from a panel of 15 analysts and averages them to provide a Consensus Forecast. This approach tends to cancel out upside and downside forecasting errors.

The Central Bank of Colombia paused its loosening cycle in January 2025, maintaining its policy rate at 9.50% and defying market expectations of a 25 basis points cut. The Bank's decision was influenced by rising inflationary pressures and a recent minimum wage hike.

Here's a summary of the policy interest rate in Colombia over the past few years:

The Governor

The Governor plays a crucial role in setting interest rates, as they are the head of the central bank responsible for implementing monetary policy.

They are accountable to the government and must balance the need to control inflation with the goal of promoting economic growth.

The Governor has the authority to set interest rates, which in turn influence the cost of borrowing and the overall direction of the economy.

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However, the Governor's decisions are not made in isolation, as they are influenced by the Monetary Policy Committee (MPC) and other stakeholders.

The MPC is a group of experts that advises the Governor on monetary policy decisions, bringing together a diverse range of perspectives and expertise.

The Governor's decisions are guided by a set of principles, including the need to maintain price stability and support maximum employment.

The Governor's role is to make decisions that benefit the economy as a whole, rather than individual interests.

Colombia Interest Rates

The Central Bank of Colombia, Banrep, made an unexpected decision to maintain its policy rate at 9.50% in January, defying market expectations of a 25 basis points cut.

Colombia's policy interest rate ended 2022 at 12.00%, significantly up from the 3.00% end-2021 value and the 3.25% reading a decade earlier.

The Central Bank's decision was influenced by rising inflationary pressures, with inflation remaining stubbornly above the upper bound of the official 2.0–4.0% target at the tail end of 2024.

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Colombia's 10-Year Bond Yield was 6.42% in 2019, 5.76% in 2020, 8.46% in 2021, 13.23% in 2022, and 9.94% in 2023.

The Central Bank's policy rate has been adjusted in response to economic fluctuations and inflation, with a cumulative 375 basis points of cuts since December 2023.

Our panelists pencil in a cumulative reduction of around 250 basis points for 2025, but upside risks loom, including a further deterioration in the country's fiscal metrics.

The Central Bank will reconvene on 31 March to assess the magnitude and speed of monetary easing ahead.

Cash and Deposits

The Bank of the Republic of Colombia manages a substantial amount of cash and deposits, which are crucial to the country's financial system. As of November 2024, the bank's domestic assets in cash stood at 4,902.000 COP mn.

The bank's foreign assets in cash, specifically in investment reserves, were valued at 643,885.000 COP mn in November 2024. This is a decrease from the previous month's value of 650,976.000 COP mn.

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Domestic liabilities, including deposits and banknotes in circulation, play a significant role in the bank's balance sheet. In November 2024, the bank's domestic liabilities in deposits paid DGTN were 9,787,708.000 COP mn, a decrease from the previous month's value. The banknotes in circulation stood at 139,872,624.000 COP mn in November 2024, an increase from the previous month's value.

Domestic liabilities also include deposits paid DGTN, which stood at 9,787,708.000 COP mn in November 2024. Additionally, the bank's domestic liabilities in banknotes in circulation were valued at 139,872,624.000 COP mn in November 2024.

Cash

Cash is a crucial component of a bank's balance sheet, and the Bank of Republic of Colombia is no exception. The bank's domestic assets, specifically cash, have been decreasing, with a notable drop from 8,243.000 COP mn in October 2024 to 4,902.000 COP mn in November 2024.

This decrease is part of a larger trend, with the bank's domestic assets averaging 1,684.000 COP mn from January 2015 to November 2024. The data has been collected monthly, providing a detailed picture of the bank's cash holdings over time.

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The bank's cash holdings have reached an all-time high of 16,609.000 COP mn in December 2022, but have since declined. In contrast, the bank's foreign assets, specifically IR: cash, have been relatively stable, averaging 578,552.000 COP mn from January 2015 to November 2024.

Here's a comparison of the bank's domestic assets, including cash, and its foreign assets, including IR: cash, in November 2024:

These numbers highlight the significant difference between the bank's domestic and foreign cash holdings, with the latter being much larger.

Cash and Deposits

In Colombia, the Bank of the Republic manages a significant portion of the country's cash and deposits. The bank's domestic liabilities, which include deposits, have been steadily increasing over the years.

One of the key indicators of the bank's performance is its deposit account, which reached an all-time high of 50,982,329.000 COP mn in May 2023. This is a remarkable increase from the record low of 12,032,674.000 COP mn in Jul 2020.

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The bank's deposit account has been fluctuating, with a decrease of 4,870,563.000 COP mn from Oct 2024 to Nov 2024. Despite this decrease, the bank's deposit account remains a crucial component of its domestic liabilities.

Here's a breakdown of the bank's deposit account over the years:

The bank's deposits have been steadily increasing, with a monthly average of 17,013,989.000 COP mn from Jan 2015 to Nov 2024. This indicates a stable and growing trend in the bank's domestic liabilities.

In addition to the deposit account, the bank also manages deposits paid through the DGTN system. These deposits reached an all-time high of 43,726,063.000 COP mn in Sep 2023.

The bank's other deposits, which include deposits paid through the DGTN system, have been fluctuating over the years. In Nov 2024, the bank's other deposits stood at 154.000 COP mn, a decrease from the previous month's 155.000 COP mn.

The bank's passive monetary policy operations, including deposits monetary contraction, have also been a crucial component of its domestic liabilities. In Nov 2024, the bank's deposits monetary contraction stood at 8,639,389.000 COP mn, an increase from the previous month's 7,727,586.000 COP mn.

The bank's deposits paid monetary control DGTN, on the other hand, remained at 0.000 COP mn in Nov 2024, a constant value from the previous month.

Loans and Assets

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The Bank of the Republic of Colombia has seen a significant increase in its domestic assets, particularly in loans and receivables. In November 2024, the domestic assets in loans and receivables portfolio reached 355,719.000 COP mn.

This is a notable increase from the previous month, which stood at 340,138.000 COP mn in October 2024. The data is updated monthly and has been averaging 199,476.000 COP mn since January 2015.

The Bank of the Republic of Colombia's domestic assets in loans and receivables portfolio have reached an all-time high of 557,079.000 COP mn in February 2016, and the data remains active in CEIC, reported by the Bank of the Republic of Colombia.

Here's a breakdown of the data:

Assets

Assets are a crucial part of a bank's operations, and the Bank of Republic of Colombia is no exception. The bank's domestic assets have been steadily increasing, with a notable jump from 340,138.000 COP mn in October 2024 to 355,719.000 COP mn in November 2024.

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The bank's domestic assets have been averaging 199,476.000 COP mn since January 2015, with a median value of 199,476.000 COP mn. The data has been updated monthly, with a total of 119 observations.

Prepaid assets, on the other hand, have been decreasing, with a drop from 91,148.000 COP mn in October 2024 to 79,686.000 COP mn in November 2024. The average value of prepaid assets since January 2015 is 66,661.000 COP mn.

International reserve assets (IR) have been increasing, with a jump from 288,391,292.000 COP mn in October 2024 to 288,562,391.000 COP mn in November 2024. The average value of IR since January 2015 is 200,245,311.000 COP mn.

Here's a breakdown of the bank's domestic assets:

Note: The values are based on the latest available data from the article section examples.

Non-Current Assets Held for Sale

Non-Current Assets Held for Sale is a significant category in the Bank of Republic of Colombia's balance sheet. It was reported at 40,442.000 COP mn in November 2024.

This value remained constant from the previous month of October 2024. The data has been updated monthly since December 2015, with 108 observations.

The range of Non-Current Assets Held for Sale is from 0.000 COP mn in November 2022 to 40,713.000 COP mn in September 2024.

Property, Plant & Equipment (PP&E)

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Property, Plant & Equipment (PP&E) is a crucial aspect of a bank's assets. It refers to the tangible assets that a bank owns, such as buildings, equipment, and vehicles.

The Bank of the Republic of Colombia has reported a significant increase in its domestic assets, specifically in Property, Plant & Equipment, from 1,527,108.000 COP mn in October 2024 to 1,534,286.000 COP mn in November 2024.

This data is updated monthly and has been consistently increasing over the years, with an average of 1,514,277.000 COP mn from January 2015 to November 2024.

The highest recorded value of Property, Plant & Equipment was 1,575,825.000 COP mn in December 2022, while the lowest was 1,374,424.000 COP mn in January 2015.

Here's a brief overview of the data:

This information highlights the importance of PP&E in a bank's overall asset portfolio and its fluctuation over time.

Defined Benefit Plan Deficit

The Bank of Republic of Colombia's domestic liabilities have seen a significant increase in their deficit defined benefit plan. This is evident in the data from Nov 2021, which reported 414,305.000 COP mn, a notable rise from the previous number of 370,669.000 COP mn in Oct 2021.

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The data for Bank of Republic of Colombia: Domestic Liabilities: Deficit Defined Benefit Plan has been updated monthly since Jan 2015, with an average of 368,250.000 COP mn.

The deficit defined benefit plan has reached an all-time high of 1,298,388.000 COP mn in Mar 2017, marking a substantial increase from its previous peak.

Liabilities and Payables

The Bank of the Republic (Colombia) has a significant amount of liabilities and payables. As of November 2024, the total liabilities and equity stood at 346,570,858.000 COP mn.

Domestic liabilities have been reported at 175,420,448.000 COP mn in November 2024, a decrease from the previous number of 175,985,047.000 COP mn for October 2024.

Domestic liabilities also include debts to pay, which were reported at 159,798.000 COP mn in November 2024, a decrease from the previous number of 162,945.000 COP mn for October 2024.

Domestic liabilities also include deposit accounts, which were reported at 16,775,223.000 COP mn in November 2024, a decrease from the previous number of 21,645,786.000 COP mn for October 2024.

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Foreign liabilities have been reported at 34,004,943.000 COP mn in November 2024, a decrease from the previous number of 35,454,202.000 COP mn for October 2024.

Foreign liabilities include international reserves liabilities (IR), which were reported at 10,315,049.000 COP mn in November 2024, a decrease from the previous number of 11,595,648.000 COP mn for October 2024.

Foreign liabilities also include accounts payable, which were reported at 10,232,469.000 COP mn in November 2024, a decrease from the previous number of 11,414,485.000 COP mn for October 2024.

Here is a summary of the liabilities and payables:

These numbers provide a snapshot of the Bank of the Republic (Colombia)'s liabilities and payables as of November 2024.

Reserves and Capital

The Bank of the Republic of Colombia's reserves and capital are a crucial aspect of its financial health. As of November 2024, the bank's equity reserves stood at 744,461.000 COP mn, a constant from the previous month.

The bank's equity capital, on the other hand, has remained stable at 12,711.000 COP mn since November 2024.

Here's a summary of the bank's reserves and capital as of November 2024:

The bank's equity capital has been consistently stable, while its equity reserves have experienced fluctuations over the years.

Capital

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In the world of finance, capital plays a crucial role in a bank's overall health and stability. The Bank of Republic of Colombia's capital has been steadily increasing over the years, with a notable high of 12,711.000 COP mn in November 2024.

This steady growth is a positive sign for the bank's financial health.

The capital data is updated monthly, averaging 12,711.000 COP mn from January 2015 to November 2024, with 119 observations. This consistency is a testament to the bank's commitment to maintaining a strong financial foundation.

Here is a summary of the key statistics:

This data provides a clear picture of the bank's capital growth and stability over the years.

Latin American Reserve Fund

The Latin American Reserve Fund is a significant component of the Bank of Republic of Colombia's foreign assets. It has been steadily increasing, with a notable rise from 2,750,914.000 COP mn in October 2024 to 2,757,165.000 COP mn in November 2024.

Credit: youtube.com, FLAR Webinar´s: Capital flows in Latin America in the current global economic environment

This fund has been growing steadily since its inception, with a median average of 1,878,578.000 COP mn from January 2015 to November 2024. It's worth noting that this fund has reached an all-time high of 2,884,341.000 COP mn in October 2022.

The data on the Latin American Reserve Fund is updated monthly, providing a clear picture of its growth and fluctuations. This fund has been active since 2015, with a total of 119 observations.

Reserves

The Bank of Republic of Colombia's reserves have been a topic of interest in recent months. As of November 2024, the bank's equity reserves stood at 744,461.000 COP mn, which is a significant amount.

The bank's equity reserves have remained constant since October 2024, with no change in value. This stability is a positive sign for the bank's financial health.

The bank's equity reserves have been updated monthly since January 2015, with a total of 119 observations. The data has been averaged to provide a median value, which is 0.000 COP mn.

Credit: youtube.com, Capital Reserve | Definition | Exceptions to Capital Reserve

The bank's equity reserves have reached an all-time high of 1,759,593.000 COP mn in January 2015 and a record low of 0.000 COP mn in January 2021. This shows the fluctuation in the bank's equity reserves over the years.

Here's a summary of the bank's equity reserves:

The bank's foreign assets have also been a focus area. As of November 2024, the bank's foreign assets stood at 288,562,391.000 COP mn, which is a significant increase from the previous month.

The bank's foreign assets have been updated monthly since January 2015, with a total of 119 observations. The data has been averaged to provide a median value, which is 200,245,311.000 COP mn.

The bank's foreign assets have reached an all-time high of 311,523,962.000 COP mn in April 2023 and a record low of 119,776,329.000 COP mn in April 2015. This shows the fluctuation in the bank's foreign assets over the years.

Felicia Koss

Junior Writer

Felicia Koss is a rising star in the world of finance writing, with a keen eye for detail and a knack for breaking down complex topics into accessible, engaging pieces. Her articles have covered a range of topics, from retirement account loans to other financial matters that affect everyday people. With a focus on clarity and concision, Felicia's writing has helped readers make informed decisions about their financial futures.

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