The advances made by the country in financial inclusionaccording to the latest data from the Global Findex 2025 of the World Bankare direct results of the effort of monetary authorities and the Multiple bankto boost the access to the Formal Financial Servicesvalued the Multiple Banks Association of the Dominican Republic (ABA).
The ABA He recalled that, in the Dominican case, the latest study data show relevant advances For the country and one of them is that, between 2011 (year of the first publication) and 2025, the percentage of people with Savings account in one Formal Financial Institution It went from 38 to 63 %.
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It also reveals that the people who saved during the last 12 months increased from 16 to 27 %, exceeding the average of Latin America (24 %). Likewise, the people who in the last year took in a formal institution increased from 24 to 29 %, surpassing the countries of the region (27 %).
The ABA considered that these results show the sustained commitment and strategic of the Banking sector with the modernizationthe Digitization and the generalized access from citizenship to Formal Financial Services.
“These advances would not have been possible without the commitment of the Banks by the Digitization of their services and the transformation of their business models, relying on the technology To enable Attention channels Alternative to the traditional Bank branch“The ABA.
Highlighted among the advances the Internet Bankingmobile applications, instant messaging services and processes such as Onboarding digital.
Encouraging formality
In order to promote formality and a greater access to the Banking servicesincluding Micro, small and medium enterprisesthe guild has encouraged the establishment of the Movable Guarantees System for this sector; he Code We Financeto disaggregate data from access Bank with a gender approach; he Alternative data scorefor non -banking people, among other initiatives.
The ABA He explained that financial inclusion It is defined as the degree of access that people and companies have Financial Products and Servicessuch as Transactions, payments, savings, credits, Insuranceamong others.
“For this reason, the positive results that are observed in the Global Findex indicate that the national financial-branch system is on the right track and must be an incentive for financial intermediation entities, regulators and supervisors to continue to pave the way for more and more homes and companies to access the formal system and can undertake their consumption or investment projects”
