The Multiple Banks Association of the Dominican Republic (ABA) highlighted the performance of the Banking sector that operates in the country, whose Financial results They reflected, at the end of the year 2024, an adequate management of the resources that the saves and the value of their contribution to the Economic activity.
The ABA valued in a press release the appropriate levels exhibited by the Multiple bank in terms of liquidityquality of your briefcase credit, profitability and a capitalization that exceeds the regulatory level, although a challenging international environment prevailed during the period.
He informed that, as of December 2024, assets of the Multiple bank They totaled 3.4 billion pesos. Meanwhile, the depositswhich constitute the raw material of the intermediation financial and that reflect public confidence in the Multiple bankregistered a value of 2.56 billion pesos, for absolute growth of 257,342.3 million and 11.2 % in percentage terms, compared to December 2023, he added.
The ABA highlighted that these results occurred in the context of a stability economiccharacterized by a growth of 5.0 % at the end of the year and with a inflation which ended at 3.4 %, the lowest indicator in the last six years, the Central Bank recently reported.
In relation to financingfrom statistics from the official agency, the guild said that the briefcase Banking Private Credit was located at 1.81 billion pesos as of December last year, which is equivalent to a growth of 13.4 % compared to the same month of 2023, an absolute increase of 217,000 million pesos.
He pointed out that 54 % of that increase was allocated to sectors productive that used it in working capital or investments in machinery, equipment or infrastructure. Meanwhile, the remaining 46 % generated well -being in the homes that used them in remodeling of their homes, acquisition of vehicles, to the purchase of domestic equipment and among others.
An analysis of the ABAwhich takes as reference statistics from the Superintendency of Bankshe said that the index of Money It was in just 1.4 % as of December 2024. indicated that the Banking sector maintains excellent levels of solvencyindex that concluded the period in 15.9 %, thus exceeding 10 % required by law, which demonstrates a healthy financial system, robust and based on own patrimonial resources.
Also, the ABA reported that reductions in the rate of monetary policy (TPM) implemented by the Central Bank are already reflecting under the conditions of the marketwhose rate Average weighted Active (TAPP) was reduced approximately at 100 basic points between November and December 2024.
The banking guild expressed interest to continue working so that the sector continues to be an efficient channel of transmission of monetary policy and that it continues to efficiently perform its role of intermediation financial, supporting the activity economicemployment and, therefore, the welfare of citizenship.
