At its annual meeting of shareholders Ademi Bank presented the management results corresponding to the fiscal period January-December 2021, in which the support for micro, small and medium-sized enterprises stands out (MSMEs), with a total amount of credits amounting to RD$9,420 million.
The multiple services financial entity reported through a statement that it managed to place 109 thousand 472 loans, with an individual average per credit of RD$86 thousand, which were aimed at meeting the financial needs of owners of micro and small businesses, many of whom are located in rural areas or in vulnerable areas.
Raúl Lluberes, Chairman of the Board of Directors of Ademi Bankhighlighted that during the period the business officers of the financial entity accompanied the MSMEs “and shook hands with them through various consultancies and monitoring, with the help of a methodology based on comprehensive assistance.”
At its annual meeting held on Friday, April 22, 2022, Ademi Bank reported that its total assets reached the amount of RD$17,959 million, for a growth of RD$949 million in relation to the year 2020.
Also, the portfolio credit gross closed at RD$12,804 million with an increase of RD$928 million, equivalent to 8%, while the deposit portfolio reached RD$11,807 million, for an increase of RD$877 millionequal to 8%.
The quality indicators of the portfolio of credit –the bank’s main productive asset– were significantly better than those achieved in previous years. In this context, the financial institution reported that the regulatory overdue portfolio ended better than the previous year and the coverage of provisions was 150%, which means that for every 100 pesos of overdue debt, the bank has 150 pesos in reserve, which which reveals the protection and good levels of health of the credit portfolio”, informed Ademi Bank in your press release.
He underlined that the total net worth closed at RD$3,866 million, the solvency index closed at 22.6%, and the return on equity was 22%, which confirms the performance of a solvent, efficient and profitable bank, since its Total income was RD$4,055 million and it obtained net tax benefits of RD$698 million, RD$153 million more than those obtained in 2020.
“These are extraordinary results for a year of many challenges such as 2021,” he stressed.
