According to the composition of the credit portfolio in the Dominican financial system, the private commercial represents the largest share, with 54.7%.
They are followed by consumer credit (excluding personal credit cards 22.7%), mortgage (18.4%), personal credit cards (4.2%) and public credit cards (2.6%). According to a cut made to June 2022, by the Superintendency of Banks (SB), the total loan portfolio amounts to RD$1.51 billion, equivalent to 28.1% of the Gross Domestic Product (GDP).
It has registered an increase of RD$190.144 million compared to the previous year. The participation of the portfolio in foreign currency increased by 2 percentage points compared to June 2021, according to official figures.
Its weighting within the total portfolio is 20.0%, which places it one point above the 19% average of the last 24 months. The SB highlights the growth trend in the number of companies that have accessed credit, with the number of debtors rising to 30,017 at the end of the quarter, 8.4% more than the last 12 months.
The agency’s numbers indicate that in nominal terms, the growth of the portfolio has been driven by loans granted for the consumption of goods and services, which increased in relation to the same quarter of the previous year by RD$63,355 million (19.0%).
Loans granted for the manufacturing industry grew by RD$20,351 million (19.2%), loans granted to real estate activity by RD$12,802 million (17.8%) and those for home purchase and remodeling by RD$36,962 million (15.7%). Loans destined for the commercial sector increased by RD$16,767 (9.3%).
At the national level, the areas of residence with the highest growth in the evaluated period were the South and Metropolitan regions, with 15.6% and 14.9% respectively, which together represent 30.5% of the private portfolio.
The dynamism exhibited in the credit portfolio of the North region was influenced mainly by the weighting of activities in the sectors of consumption, purchase and remodeling of homes, (18.0%), commerce (13.5%), and industries (10.5%). . In turn, these four activities account for 74.2% of the region’s portfolio.
While the exposure in foreign currency of the private sector remained stable at 20.0%, thus reducing 0.3 percentage points in relation to the average of the last 5 years (19.7%).
The total loan portfolio destined for the public sector reduced its weight within the total portfolio to 2.6%, the lowest level in the last 15 years, presenting a contraction since June 2021 of 0.4 percentage points, when it weighted 3.0% of the portfolio. total credits. This portfolio recorded a balance of DOP39,197 million, for an increase of DOP450 million 0.6% compared to June 2021.
The Quarterly Report on the Performance of the Financial System as of June 30, 2022 indicates that the consumer credit portfolio amounted to RD$335,012 million, registering a decrease of RD$52,741 million in relation to its level in June 2021.
