Investments and Business

Credit slows down again and non-performing consumer loans shoot up 57.5% – Financial Sector – Economy

Credit slows down again and non-performing consumer loans shoot up 57.5% – Financial Sector – Economy

Loss of traction in the economy, the high cost of money and high inflation They are passing a higher bill to Colombians as 2023 progresses.This seems to be corroborated by the most recent figures on the evolution of the Colombian financial system that show how, after 20 months of positive growth, the loan portfolio stagnated again and for April it presented a negative dynamic of 0.49 percent, impacted by the poor performance of consumer credit and housing financing.(Also read: Pandemic dealt a hard blow to cash and brought banking to 76% in Latin America) The debts with more than 30…
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Pay so as not to turn off Colombia: the crisis in the electric power sector – Sectors – Economy

Pay so as not to turn off Colombia: the crisis in the electric power sector – Sectors – Economy

As with other sectors of the economy, Electricity has a supply chain where trading companies sell energy to Colombiansafter previously buying from the generators, paying the 'tolls' to the transporters (transmitters and distributors), billing the users and temporarily assigning the subsidies to those who benefit from them, assuming portfolio risks and commercial losses, among others.(Also read: Can all energy consumption be met only with wind and solar farms?). Thus, to face the burdens and responsibilities assigned to them by law and regulation, they must have substantial capital. In short, the resellers are the face of the service and, if the…
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Results of the ballot and rematch of yesterday, Wednesday, July 5 – Personal Finance – Economy

Results of the ballot and rematch of yesterday, Wednesday, July 5 – Personal Finance – Economy

welcome has created your account in EL TIEMPO. Know and personalize your profile. The verification email was sent to Check your inbox and if not, in your spam folder. NO, CHANGE EMAIL YES, SEND We want you to find the news that interests you the most Follow your favorite topics in an exclusive place for you. Remember that to see your topics on all your devices, you must update the El Tiempo App. discover ¨my news¨ An exclusive place,where can you follow yourfavorite subjects . choose them! Hello! Here you can also find "My News" and follow the topics you…
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Ministry of Finance talks about what comes with the Pacific Alliance – Sectors – Economy

Ministry of Finance talks about what comes with the Pacific Alliance – Sectors – Economy

Pacific Alliance enters into force on January 1, 2024 Video Hello !, Your email has been verified. Now you can choose the Newsletters you want to receive with the best information. welcome has created your account in EL TIEMPO. Know and personalize your profile. The verification email was sent to Check your inbox and if not, in your spam folder. NO, CHANGE EMAIL YES, SEND We want you to find the news that interests you the most Follow your favorite topics in an exclusive place for you. choose them! Remember that to see your topics on all your devices, you…
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