At the end of the third quarter of 2021, the commercial banks operating in the country exhibited strength in their levels of liquidity, provisions and solvency, as a result of good asset and wealth management, over the years and mainly during the pandemic .
Who supports it is the president of the Association of Multiple Banks of the Dominican Republic, Rosanna Ruiz, when receiving at the headquarters of the union a mission of the International Monetary Fund (IMF), headed by Esteban Vesperoni.
At the meeting, Ruiz highlighted the decisive role of the bank as a channel for the liquidity facilities provided by the monetary and financial authorities, as a result of the effects of the pandemic on the economy.
“We have a bank with good levels of solvency, profitability, provisions and liquidity, even registering a regional leadership in relation to these performance indicators,” he said.
Likewise, the president of ABA offered details on the assets of multiple banks, which showed a value of RD $ 2 trillion 306 billion as of September 2021, registering an increase of 10.6% compared to December 2020.
He also highlighted that, in terms of participation, the sector represents 87.9% of the total assets of regulated financial intermediation entities. Likewise, the union explained that the gross loan portfolio during the first nine months of the year reached RD $ 1 trillion 153.2 billion, for a growth of RD $ 78.8 billion (7.3%). Ruiz also weighed the performance recorded in other indicators such as the past due loan portfolio, which experienced a reduction of 16.9%, going from RD $ 20,254.4 million in December 2020 to RD $ 16,832.4 million as of September 2021, for a decrease in terms absolute of RD $ 3,422 million.
