The Financial Superintendence of Colombia (SFC) published a readout of Deputy Delegate for Financial Intermediaries and Insurance Felipe Noval’s participation in a panel on risk assessment and predictive risk models at the XXIII Latin American Leasing and Renting Conference in Bogotá. Noval presented an overview of the Colombian financial system and linked further expansion of formal credit to robust credit and counterparty risk management and the strategic use of guarantee schemes. As of June 2025, the financial system administered more than COP 1,000 trillion in assets. Total lending stood at COP 733 trillion, with real annual growth of 0.84%, alongside recovery in housing, microcredit and commercial loan segments. Noval highlighted the role of guarantees including mortgages, movable collateral and guarantee funds in supporting greater formal credit penetration without weakening financial stability or consumer protection, and pointed to financial education as a prerequisite for credit inclusion given that formal credit access is 35%, or around 14 million adults.
Superintendencia Financiera de Colombia 2025-09-17
Financial Superintendence of Colombia highlights COP 1,000 trillion in system assets and urges stronger risk management to expand formal credit
The Financial Superintendence of Colombia highlighted Deputy Delegate Felipe Noval's panel at the XXIII Latin American Leasing and Renting Conference, stressing robust credit and counterparty risk management for expanding formal credit. As of June 2025, the Colombian financial system managed over COP 1,000 trillion in assets, with total lending at COP 733 trillion and a real annual growth of 0.84%. Noval emphasized guarantees and financial education in enhancing credit penetration while maintaining financial stability and consumer protection.