He Agricultural Bank of the Dominican Republic (Bagrícola) assured this Tuesday that its operational management reflects the solidity of the financial entity, with a solvency index that stood at 15.38% until November of this year, – higher than the minimum of 10% established in the monetary and financial law –, in a context in which public statements have been made about its financial statements.
As of November 30 of this year, the assets of the Agricultural Bank totaled 45,495 million pesos, a 6.9% more than the 42,556.8 million registered until November of the previous year, according to data published by the institution.
These assets exceed the liabilities by 85% –24,610 million–, which reflects a positive equity of 20,885 million pesos.
On that date, the credit portfolio current showed a year-on-year decrease of 2.9%, going from 30,065 million until November of 2024 to 29,190.4 million pesos as of November of this year. However, when consulted, the general administrator of the Agricultural Bank He assured that in December alone an amount close to 4,000 million pesos will be placed in loans to farmers.
“The bank has to be ending the year with the higher level of liquidity of the last ten years,” he said. Fernando Duranafter adding that the “dynamism and enthusiasm” of the producers who receive support from the institution can be verified if you visit their branches in the agricultural areas of the country.
Further savings and deposits
He Agricultural Bank indicated that the savings and deposits of the public have increased in the last year.
According to the data, both savings and time deposits increased from 10,129.5 million in January-November of the 2024 to 10,880.2 million in January-November 2025, for an increase of 750.7 million pesos, which is a “very positive fact for the institution.”
The institution recalled that the bank’s loan portfolio is fundamentally made up of contributions from the Dominican State, receiving recent income of 2,000 million pesos to meet the requirements of producers affected by the effects of Storm Melissa.
These funds have received requests from 3,563 producers, with a maximum loaned amount of 3 million pesos.
“Financial hole”
He Economist Juan Ariel Jiménezformer minister of the Ministry of Economy, Planning and Development in the government of Danilo Medina, recently stated that the financial statements published by the Agricultural Bank showed the existence of a “financial hole“, as in other private institutions such as Insurance Reservations.
In an intervention during a radio program on X 102.1 FM, Jiménez clarified yesterday that he saw “a operational result in negative numbers“for the year 2024.
Rated this operational result as “very superior“to the one who registered in the 2020 due to the effects of covid-19, and suggested that the authorities make “timely corrections” to prevent this from continuing to increase.
“I can’t say the bank is bankrupt.because according to the financial statements, the assets exceed the liabilities,” he acknowledged.
Free Diary asked Jiménez to specify the amounts of this operational resulthow it would affect the bank in the future and what type of corrections should be applied, but the economist avoided giving more statements on this topic for the moment.
