The Governor of the Central Bank of the Dominican Republic, Héctor Valdez Albizuassured once again that the Dominican financial system is “armored”, due to the good management and regulation exhibited by local banks, for which reason it is ruled out that it is affected by the recent bankruptcy of two banks in the United States and one in Switzerland.
Valdez Albizu said that this week is “important for the world” because the situations presented in relation to Silicon Valley, Signature Bank and Credit Suisse have forced the central and commercial banks of the United States and the United States (Fed) and Europe (Bank Central Europen ) to face the liquidity problems that these financial institutions have registered.
He explained that with regard to the Dominican Republic, as it has been ratified and announced, the country is in a situation of “armoring” due to the good banking management of the national institutions, which allows it to be in a position ” enviable” of equity capitalization, solvency and compliance with rules and regulations established by the Monetary Board.
He assured that the country is setting an “example” that it can operate safely, without risk, in what the country’s financial institutions believe and bet on.
“Probably this week will be, I think, a success and they will be topics of discussion around the national events,” said the governor of the BCRD.
