SANTIAGO. -President Luis Abinader led the inauguration of the El Dorado office of Banco de Reservas, located in an area of high commercial activity in Santiago de los Caballeros.
The general manager of the financial institution, Samuel Pereyra, expressed that this modern and functional office significantly expands the institution's service capacity in this city, where the Bank has been present since its very foundation, firmly allied with all productive sectors throughout the Cibao region.
The bank executive stated that in this sense, the projection achieved has allowed for the promotion of banking services for the population and the democratization of credit, supporting all productive agents in the area, both rural and urban, in favor of the development of micro, small and medium-sized enterprises.
Credits and deposits
Pereyra revealed that the loan portfolio to the Northern Zone of the country, as a whole, amounts to RD$59,200 million, of which 38% corresponds to Santiago; in turn, the deposit portfolio is RD$137,800 million, of which 36% belongs to the Heart City.
According to information from the Central Bank, 33% of the country's economically active population is located in the Cibao region, where there is a varied production of agricultural goods, mining deposits and activities of multiple companies, which provide the nation with important sources of production and businesses, as well as significant opportunities for job creation.
Currently, Banco de Reservas has 23 commercial offices, 9 remote banking services, 5 banking points and 47 BanReservas located in different commercial and service establishments in Santiago de los Caballeros.
The opening of the commercial office - located on Avenida 27 de Febrero at the corner of Penetración, in the El Dorado II sector - is one of the activities on the Presidency's tour in this district.
The event was also presided over by Vice President Raquel Peña and the Minister of the Presidency, José Ignacio Paliza. Also participating in the inauguration were Eduardo Estrella, President of the Senate; Rosa Santos, Governor of Santiago; and officials from the banking and business sectors of the country's Northern Region.
