uFlow recommends adopting tech solutions to improve credit placement

Kiswahili

High interest rates and rising default risks are pushing Colombian financial institutions to adopt technological tools for more precise credit evaluations.

The financial system operates with the Banco de la República intervention rate at 12 percent. The DTF stands near 10.14 percent and the usury rate for consumer credit reaches 28.79 percent effective annual.

These conditions have reduced credit market dynamism and pressured financial entities' margins. Santiago Etchegoyen, CTO of uFlow, noted that the goal is no longer to expand credit massively.

"By replacing legacy processes with automation technology that requires no intervention from technical areas, risk teams can make and implement decisions agilely," Etchegoyen stated.

Makala yanayohusiana

Banco de la República board unanimously holds interest rate at 11.25% in meeting with Finance Minister amid inflation and political tensions.
Picha iliyoundwa na AI

Banco de la República unanimously holds interest rate at 11.25%, defying hike expectations amid government tensions

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In its May 1, 2026 board meeting, Banco de la República unanimously kept the benchmark interest rate at 11.25%, surprising analysts expecting a hike to combat accelerating inflation. Finance Minister Germán Ávila participated fully, citing constructive dialogue, while board members justified the decision to maintain stability amid political pressures.

Superfinanciera sets usury rate at 28,17% for May

Colombia's Superintendencia Financiera announced the May usury rate at 28.17%, up 1.41 percentage points from April. This rate caps credit card interest. Banco Unión and Coltefinanciera have the rates closest to the limit.

Colombians allocate 41.7 percent of income to bank debt payments

Imeripotiwa na AI

A Banco de la República indicator shows Colombian debtors allocate 41.7 percent of monthly income to bank loan payments. The figure exceeds the average of the past five years.

America

Legal action taken against banks and fintechs over 4x1000 reform delays

America

Digital fraud in Colombia fell 74 percent during 2025

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Fondo Nacional de Garantías reports 50% drop in microentrepreneurs risk profile

Lulo Bank to launch digital CDT with up to 13% rate

Lulo Bank announced the launch of a digital CDT offering a 13% rate starting June 9. The product will be available on its platform for amounts starting at 100,000 pesos.

Government urges state banks not to rush credit rate increases

Imeripotiwa na AI

Economy Minister Airlangga Hartarto and Investment Minister Rosan Roeslani urged state-owned banks not to rush in raising lending rates after Bank Indonesia lifted the benchmark rate to 5.75 percent.

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Colombian banks profits rise 44 percent to 6.9 trillion pesos by May

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Consumer debt delinquency reaches highest level in 16 years

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Banco de la República raises interest rates to 12 percent

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Consumers prefer financing purchases instead of spending their bonus

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Banco Nación launches loan to unify debts with terms up to 10 years

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