It registers a 17% growth in the total active customer base in the area.
SANTIAGO DE LOS CABALLEROS. – The Popular Association of Savings and Loans (APAP) grew by 77% in the commercial portfolio of the northern region, with a total of 3,016 million pesos, at the close of 2024.
The SME portfolio doubled in size compared to the previous year, for a total of 1,513 million pesos.
Meanwhile, water intakes represented a growth of 37% in the area.
During the presentation of institutional results to media outlets in Santiago, Gustavo Ariza, executive president of APAP, noted that the mortgage portfolio in this region increased by 13%, for a total of 4,376 million pesos.
Mortgage loans registered a disbursement of 1,103 million pesos, of which 44% had a woman as the main debtor.
"The northern region showed a growth of 17% in the total active customer base," Ariza emphasized.
Gustavo Ariza. (EXTERNAL SOURCE).
Overall, APAP registered a 9% growth in its total assets, reaching 176,327 million pesos at the end of 2024, maintaining the first position in the mutual sector and the fifth among all entities in the financial system.
The loan portfolio closed at 105,251 million pesos, representing 60% of total assets and contributing 84% of growth during the period. APAP's delinquency rate stood at 1.29%, solidifying its position as the second-best performing institution in terms of delinquency management.
"The levels of provisions made up for risk in the non-performing loan portfolio of loans older than 90 days reached 224.45%, reflecting an early risk management that has allowed us to maintain the stability of the portfolio," said Gustavo Ariza, CEO of APAP, during the presentation of results to directors and executives of the media.
Ariza indicated that the mortgage portfolio reached 55.051 billion pesos, the third largest in the financial system. Meanwhile, the consumer loan portfolio reached 23.476 billion pesos, and the credit card portfolio closed at 8.116 billion pesos.
Likewise, the commercial loan portfolio reached 18,608 million pesos, contributing to the support of the country's productive activity. The SME segment represented 12% of the commercial loan portfolio.
"This performance reaffirms APAP's commitment to diversifying financing and its presence in key market sectors," emphasized APAP's CEO.
He added that the investment portfolio amounted to 42,439 million pesos, exceeding the performance of the previous year and demonstrating optimal asset management.
Total deposits increased by 11.3%, reaching 118,709 million pesos, while profits reached 2,186 million pesos at the close of 2024.
He highlighted that the solvency ratio was 30.81%, which demonstrates the strength of APAP's capital and its preventive approach to risk management.
"During 2024, it maintained sustained growth focused on generating value for our savings partners and clients, consolidating its presence in strategic segments," Ariza emphasized.
