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What is Banreservas’ credit portfolio in Cibao?

What is Banreservas' credit portfolio in Cibao?

The executive president of Reserve Bank, Leonardo Aguilerareported this Tuesday that the credit portfolio of the institution in the northern region exceeds 135,415 million pesos, equivalent to 37.8% of the participation of the market in that demarcation.

When speaking in thanksgiving mass for him 84th anniversary of BanreservasAguilera specified that the entity’s performance is reflected in strategic sectors such as the consumption of goods and services, at 3,988.4 million pesos; exploitation of mines and quarries, at 3,624.9 million; manufacturing industry, at 2,403.3 million, and wholesale and retail trade, at 1,560.2 million pesos.

“These results show a economic structure in constant evolution, which reaffirms the strength of the region and its vocation for an unstoppable process of developmentprojecting it as a fundamental axis for the inclusive and competitive growth of the Dominican Republic,” he stated in a press document.

  • He considered that the bank’s close relationship with the productive sectors and society is closely related to the priority that President Luis Abinader has given to the area, where the Government invests billions of pesos in a wide variety of projects to promote it as an essential link in the socioeconomic development of the country.

He said that the data from the Superintendency of Banks indicate that the northern region consolidates itself as the second region in the country with the highest volume of loans within the multiple banking system, reaching a total of 358,132.8 million of pesos.

He added that the trust placed by clients is due to a solid strategy of accompaniment to the different productive sectors, reflecting a marked economic dynamism of the area and the entire national geography.

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Aguilera highlighted the commitment she has Banreservas with the development integral of the northern region through concrete actions of social responsibility that positively impact the environment, education, sports and culture.

He stated that in that sense he ordered the expansion of the Banreservas Volunteering so that since Santiago channel projects that affect the well-being of the communities of the 14 provinces the northern region.

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When giving the homily, Monsignor Andrés Rosario Hernández valued the back that has given since its 84 years of founding the Reserve Bank to the different sectors of the country, contributing with this to its development.

He said that the financial institution He has also been an ally of the Catholic Church, which he has supported in different circumstances.

To the religious actcarried out in the parish Our Lady of the Annunciationin the Pontifical Catholic Mother and Teacher Universityattended by civil and legislative authorities, businessmen, clients and executives of Banreservas.

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