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…
