The Dominican Popular Bankwithin the framework of National Private Company Dayreported that nine out of 10 Dominican companies do business with the bank, specifically, 11,777 SMEs large, companies and corporations of a universe of 13,076 units, according to the taxpayer registry of the General Directorate of Internal Taxes (DGII) and other records of business activity, updated to April of this year.
These data contemplate those companies that have some type of commercial relationship with this banking entity and whose size has a real multiplier effect on the economy, being also job creators. Specifically, they generate 684,361 direct jobs, representing 31.5% of all existing formal jobs in the country, according to statistics from the Continuous Labor Market Survey.
By economic sector, these SMEs of large size and companies are concentrated in retail and wholesale trade, insurance, automobiles, tourism, product manufacturing and construction. The products of your choice in the popular Bank are bank accounts, followed by credit cards and loans, the institution reported.
According to a statement from the entity, in 2021, 174 companies with this classification were created. Of this total, 140 companies, equivalent to 80%, have at least one financial product with Popular.
Digitality and wide contribution of jobs
The wide presence of digitality among the companies that do business with Popular is a distinctive sign of these clients, the bank said.
92% are affiliated with Internet Banking Popular, the bank’s online banking platform. Meanwhile, 43% reach the level of digital experts, which facilitates the daily management of their financial operations and better control of the company.
“These figures reveal the constant support and the level of relationship of the banking entity with the productive sectors of the country, reaffirming the bank’s vocation to be a catalyst for the sustainable development of the nation, in economic, social and environmental matters”, stated in the statement.
In addition to a broad portfolio of products and services to meet business needs, Popular has platforms that promote the training and competitiveness of Dominican companies, such as Impulsa Popular for SMEsBanca 360 for the business segment and ProExporta Popular for companies that want to expand their activity in other markets.
