Banreservas: engine of the National Economy

The executive president of Banco de Reservas (Banreservas), Samuel Pereyra Rojas, highlighted the role of the entity in the economic development of the country and its impact on the diaspora during his four years of management in one conference titled “Banreservas: Engine of the National Economy 2020-2024″, within the framework of the 83rd anniversary of the financial entity.

In his presentation, he highlighted the recent achievements of the Banreservasincluding the promulgation of the Law 13-24which grants the institution the status of a multiple bank, allowing it to expand its capitalization capacity and consolidate its position in the national financial system.

“This executive presidency has achieved the greatest capital increase In the 83 years of history of Banreservas“Pereyra highlighted. “We have gone from 10,000 million pesos in 2020 to 39,000 million in January 2022, and more recently we reached 76,000 million in August 2024,” he added.

The executive stressed the commitment of the state bank to the financial inclusionhighlighting the “Banking is Homeland” program, with which they have managed to open more than 5,400 savings accounts, benefiting more than 7,000 people, and holding workshops financial education.

By stating that these sessions enable access to essential tools of financial education for children and adults, said these efforts empower communities and promote a more prosperous future.

Financial support to productive sectors

The portfolio of loans of the construction sector increased by 148.1% in four years, with 22,051.64 million pesos that promoted various infrastructure and housing projects in the country, according to data from the report management.

Pereyra specified that they approved loans for the small businesses (SMEs) for 4,234.50 million pesos, through several financial institutions microfinance. “We secured financing for approximately 108,388 microenterprises, including 24 new credit entities,” he said.

In the case of the line free zonesexplained that more than 20% of the financing that they received in these last four years came from Banreservaswith more than 7,185 million pesos awarded.

In tourismthe resources provided reached 43,377.55 million pesos, 41% of the financing total of this sector, whose investments They continue to promote the country as a destination, assured the president of the Banreservas.

The two lines that were highlighted by the investments that the entity has carried out were sport (770 million pesos) and culture (260 million pesos), whose resources were allocated to disciplines such as baseball, basketball, soccer, volleyball, cycling, motorsports, golf and gymnastics; and in 29 published books.

Performance of offices abroad

https://resources.diariolibre.com/images/2024/11/12/whatsapp-image-2024-11-12-at-1.15.54-pm.jpeg

The entity opened several representative offices in Europe and USAstarting with its headquarters in Madrid, Spain, in January 2023. In September of the same year, it opened another in New York, and in November one in Miami, Pereyra recalled.

Pereyra said that until June 2024, the international offices have served more than 34,800 customers and have managed more than 650,000 remittancesconsolidating itself as a key ally of the diaspora Dominican.

The conference It was done at the club. Banreservaswith the presence of the first ladyRaquel Arbaje, legislators, officials, communicators and members of the press.

“The office of New Yorkfor example, has exceeded expectations with more than 15,000 clients served, which represents an average of 105 people a day,” the executive said.

In addition, he said that the New York headquarters has played a fundamental role in facilitating more than 3,000 mortgage loan applications, for a total of 2,544 million pesos, promoting real estate investment by Dominicans in their country of origin.

While the office Miami has expanded its role by not only offering banking services, but also promoting Dominican exports and facilitate the importation of goods, reaffirming the commitment of Banreservas with global economic development.

About the office Madridindicated that it has surpassed 11 times initial expectations, consolidating itself as a point of reference for the Dominican community in Europe.