The general administrator of the Reserve Bank (Banreservas) He took 10 minutes on the cold morning of this January 17 to review in Madrid the numbers that satisfy him the most from the entity he directs. And one of them said it to “dismantle the myth” that he is “the state bank”: the loan portfolio is 91% private and 9% public.
Specifically, the private amounted to 392,363 million pesos at the end of 2022 and the public at 33,923.9 million of pesos.
“(This) reveals that, in the Reserve Bankthe greatest importance in the loan portfolio is for the private sector”, he insisted.
The numbers
Pereyra opened a breakfast organized by the bank with representatives of the press who traveled to Madrid by invitation of banreservasto cover the activities of the Dominican Republic within the framework of the International Tourism Fair (fitur) 2023.
A few hours after the inauguration of the first representative office of the banreservas abroad, specifically in Madrid, anticipated: “We want to convey to all Dominicans that we already your bank is here”.
Then he began to cite figures to validate his claim that the bank strength created by presidential decree in 1941:
- It monopolizes 40.5% of the market assets of all commercial banks.
- Deposits grew 78,762.3 million pesos in 2022, to close at 806,514.1 million pesos, of which 560,561.6 million pesos are from the private sector.
- Delinquency closed at 0.68%; “the lowest in the history of the bank”. “It’s not just lending, but lending well,” he said.
- More than a million credit cards were activated and issued, making it the Dominican bank with the most cards issued and activated.
- Its liquidity indicator closed at 24.3%.
- Net worth exceeds 71,000 million pesos
- The solvency index stands at 13.8%.
- Net profits grew 5,719.0 million pesos, to close 2022 above 22,000 million pesos.
- And the return on assets (ROA) is 2.3%, the return on capital (ROE) 34.96% and the efficiency ratio 68.74%.
For Pereira, banreservas achieved the “highest absolute growth achieved by a financial entity in the country”, more than 35%.
“Dominican Republic it is reserved for you”, concluded the executive at the meeting.
