They directly impact the construction of hotel and tourist infrastructure and 30,000 rooms
Banco Popular Dominicano provides 50% of the financing to the tourism sector of the Dominican Republic with disbursed credit facilities and approved commitments amounting to US$1.6 billionaccording to statistics updated to September, including contributions from Popular Bank, the subsidiary of Grupo Popular that operates from Panama under a license.
This financing muscle directly impacts the construction of hotel and tourist infrastructure in general, in the renovation of more than 30,000 rooms and in the generation of direct and indirect jobs for the benefit of more than 35,000 people.
These figures were announced during a dinner offered by the organisation to hoteliers, tour operators and other representatives of the tourism sector who met at the IFTM-Top Resa (International French Travel Market) trade fair, held this week in Paris, France, an important international platform for promoting tourism on a global scale, attended by more than 30,000 professionals from this industry.
The Vice President of the Tourism Business Area, Juan Manuel Martin de Olivasaid that, in particular, “Banco Popular has a market share of more than 37% in this key sector for the country’s economy”, thus reaffirming its “Historical support for Dominican tourism for more than three decades”.
He said that Popular was a pioneer in financing this activity and subsequently created the first banking business unit specialized in assisting the demands of tourism.
