The governor of Central Bank of the Dominican Republic (BCRD), Héctor Valdez Albizupresented the reports of Financial stability as of September 2024 and closing 2023, highlighting the strength of the Financial system Dominican and his ability to resist possible risks.
During the presentation, made through the YouTube channel of the Central BankValdez Albizu said they do not exist Macropinancieros risks significant that may compromise the provision of Financial services In the short term.
He explained that Stress tests performed at financial entities They show that most have sufficient capital to absorb possible losses derived from changes in the creditexchange rate, interest rates and liquidityguaranteeing your stability.
The report plans that the delinquency index will remain around 1.5 % in 2025 and would be rapidly normalized even in adverse scenarios.
Solvency and liquidity
In addition, the indicator of solvency It would remain above the required minimum of 10 %, according to the monetary and financial law No. 183-02, reflecting the solidity of the Financial system Dominican.
The tests of liquidity They also confirm that financial entities They have sufficient liquid assets to deal with possible withdrawals of funds.
9.4%
It was the increase in public deposits at the end of 2024, which raised system liabilities to 45.4 % of GDP.
In this sense, the report highlights, the BCRD and the Monetary Board implemented measures in 2024 to optimize the liquidity of the sector, including the flexibility of report operations, elimination of provisions in interbank operations, redemption of titles for 140 billion pesos and the release of 35,355 million pesos of the legal lace to boost loans for the construction and acquisition of homes.
Sector growth
The report highlights the Sector growth Financial in 2024, with an annual increase of 10.3 % in financial intermediaries assets, reaching 51.7 % of GDP.
This dynamism was driven by a growth of the credit of 12.2 %, accompanied by an expansion of Net Heritage in 14.8 %, representing 6.3 % of GDP.
The trust in the Financial system It was also reflected in the increase in public depositsthat grew 9.4 %, placing the liabilities in 45.4 % of GDP.
In addition, the document stands out Regulatory advances In line with international standards, including the modification of the Bank Subagent Regulations and the incorporation of new digital and mobile modalities. The application of the Protection Regulations to the user of financial products and services.
By 2025, the main results of financial stability reports indicate that there are no evidence of risk factors and financial vulnerabilities that may affect the stability of the financial system of the Dominican economy, emphasizes the report. And it is added that the Central Bank of the Dominican Republic will remain vigilant of the evolution of domestic and international financial conditions, in order to adopt appropriate measures to safeguard the stability of the financial system and promote the growth of productive activities in an environment Price stability.
