SANTO DOMINGO.- Banco BHD and Centro Financiero BHD held their annual shareholders' meetings, in which they reported on the results achieved in 2024 in both financial terms and in terms of their strategic objectives and transformation plans.
The president of Banco BHD, Steven Puig, reported that the bank closed the fiscal year with assets totaling RD$620,385.5 million, representing an 11.4% increase. The loan portfolio reached RD$347,056.2 million, also an 11.5% increase. Total deposits rose 16.1% to RD$477,660.3 million. Equity reached RD$65,950.4 million.
Net profits totaled RD$13,224.4 million, equivalent to a return on equity of 21.1%. The delinquency rate stood at 1.8%, with a coverage ratio of 2.0 times the past-due portfolio. The solvency ratio was 15.3%, 1.5 times higher than the regulatory requirement.
Puig highlighted Banco BHD's digital transformation strategy, which has allowed it to offer clients the most comprehensive portfolio of 100% digital products, services, and applications on the market. "More than 77.6 million monetary transactions were carried out through digital channels; 28.5% more than in 2023, equivalent to 52.3% of all the Bank's monetary transactions," the executive confirmed.
Results from the BHD Financial Center
Luis Molina Achécar, president of Centro Financiero BHD, reported that net profits after taxes reached RD$16,145.5 million in 2024, representing a 10.6% increase compared to the previous year. Return on average equity stood at 20.4%, while consolidated assets grew by 10.4%. He indicated that these results were made possible by the successful performance of the three business divisions: Banking and Payment Services, Insurance and Pensions, and Securities Market and Trust.
Shareholders of the BHD Financial Center. (EXTERNAL SOURCE).
The shareholders' meeting was informed of the appointments of Andrés Maldonado as CEO of Centro Financiero BHD and Fidelio Arturo Despradel as CEO of Banco BHD. These appointments were announced last February as part of the organizational transformation plan being developed by the financial conglomerate.
"The results of the past year confirm that we are firmly on the path to fulfilling our primary responsibility: to serve and support our clients and Dominican society," Molina Achécar emphasized.
The companies that make up the BHD Financial Center are Banco BHD, BHD International Bank, MiRed, AFP Siembra, BHD Puesto de Bolsa, BHD Fondos, and Fiduciaria BHD. The subsidiaries are MAPFRE Salud ARS and MAPFRE BHD Seguros.
