News from Banks in Colombia.

According to information from the entity in charge of supervising financial institutions, the assets of Bancolombia, Davivienda, Banco de Bogotá and BBVA represent 66% of the total assets of the banks and within these assets the loan portfolio of those same banks is 68% of total banking. As for CDT, these 4 banks own 64% of the total and in profits they are 89% of the total.

Bancolombia is the first in assets, liabilities, equity and profits. Regarding the latter, as of february of this year, the result was 1 billion pesos, surpassing Banco de Bogotá with 0.3 billion and Citibank with 0.2 billion, which are in second and third place. In the loan portfolio, Bancolombia owns 28% of the total banks, superior to the bank that is followed Davivienda, which owns 17%.

In deposits such as CDT for february, Bancolombia totaled 50 billion pesos, followed by Davivienda with 41 billion, BBVA with 31 billion and then Banco de Bogotá with 26 billion with interest rates for that month of 15.93% Bancolombia, 15.60% Davivienda, 15.59 BBVA and 16.44% Banco de Bogotá for those issued to 360 days.

As expected, these rates have dropped and the information as of may 19 in this case of those issued for 360 days is 13.53% in Bancolombia, 13.18% Davivienda, 13.85% BBVA and 13.46% Banco de Bogotá.

In credit cards, in february of the 13 million existing plastics and with a credit portfolio of 36 billion pesos, Bancolombia has 2.6 million of the plastics, followed by Scotiabank and Falabella with 2.1 million each, then Davivienda with 1.4. millions. Bancolombia has a level of this portfolio of 9 billion pesos, followed by Davivienda 6 billion, Scotiabank 5 billion and Banco de Bogotá 4 billion.

It should be noted that since the total bank portfolio is 607 billion pesos, credit cards represent 6% of the total bank portfolio.

As mentioned before, the profits of the banks to february were 1.5 billion pesos, mainly for Bancolombia 1 billion. These profits were below those of other financial system entities such as trust funds and pension funds, which totaled 12 and 9 billion, respectively. But the previous year, 2.022, it closed with profits for the banks of 14 billion while the pension funds had losses of 16 billion and the trust funds were positive by 18 billion. They're Bancolombia obtained 7 billion profits, followed by Banco de Bogotá 2.3 billion and Davivienda 1.1 billion.

With the above it can be seen that passive and active financial activities are concentrated in a few banks and in turn there is a bank that stands out from the others. Likewise with respect to banking profits, which have shown stability in terms of positive results.

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Today (wenesday 24) as for world markets, stock markets are falling due to little progress in USA political party talks about extending the country's debt ceiling.

Oil prices rise due to the International Energy Agency's warning about excess demand over crude oil supply, especially due to demand from China. WTI and BRENT are trading at 73.8 and 77.6 dollars per barrel.

In Colombia, at mid morning the Stock Market falls -0.2% and the peso appreciates at 4.468 per dollar against a TRM for today of 4.502.