The Banking Association stated that, at the end of the first four months of 2023, credit for the acquisition of homes amounted to RD$199,198 million, for an annual variation of 15% in relation to April 2022.
SANTO DOMINGO.- The Dominican Republic's Multiple Banking Association (ABA) reported that the banking sector's net loan portfolio totaled RD$1.4 trillion at the end of the first four months of the year, representing a growth equivalent to 15.6% compared to April 2022.
The ABA explained that financing to the commercial sector leads the composition of the loan portfolio, concentrating 59% as of April 2023, followed by consumer loans with 27% and mortgage loans with 14%.
In a press release, he explained that, at the end of the four-month period, the portfolio directed to the country's businesses totaled RD$846,826 million, a figure that implied a relative growth of 11.2% compared to the same four-month period last year and that demonstrates the dynamism of that sector of the national economy.
Regarding consumer credit, the total portfolio rose to RD$393,514 million, which represents an increase of 22.2% compared to the same period in 2022, the ABA detailed, based on figures from the Superintendency of Banks.
In a press release, the Banking Association stated that, at the end of the first four months of 2023, credit for the acquisition of homes amounted to RD$199,198 million, for an annual variation of 15% in relation to April 2022.
The ABA reported that, for the period under study, the provisions of the loan portfolio of multiple banks operating in the country totaled RD$55,969 million, while the balance of the non-performing portfolio was RD$12,348 million.
Finally, the banking association reiterated its commitment to continue supporting the country's productive sectors, as well as family and personal projects, through financing, thereby contributing to the growth and stability of the national economy.
