The foreign companies linked to tourist activities either energetic They are the ones who go most to the dominican banking to finance their operations in the national territory, companies from both sectors representing 65.2% of the credits granted by the financial system to foreign firms.
Of the 2,320.1 million dollars that they had in credit commitments, the foreign companies With the Creole banks, at the end of September of this year, the tourism and energy sector owed 1,030.8 million and 481.7 million, respectively, totaling 1,512.5 million dollars.
The information was offered by the superintendent of Banks, Alejandro Fernández W.during a presentation within the framework of the Dominican Week in Spain, in which it was highlighted that 28% of the credit was directed to spanish companiesrepresenting 649.7 million dollars, occupying first place.
“He tourism sector leads the financing to foreign companiesrepresenting 44.4% of the total, which shows its strategic role in the Dominican economy and in the attraction of foreign capital,” the document highlights.
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According to the presentation, titled “The financial system of the Dominican Republic: engine of growth and stability”, the global amount owed by international firms at the end of September represented 11.4% of the commercial portfolio, amounting to 20.43 billion dollars.
At foreign companies of the tourism sector and energy was followed by manufacturing, which owed the national bank 238.9 million dollars; those of mixed activities, with 157.5 million, and those of commerce, with 131 million dollars.
For the categoryothers‘, which mainly groups foreign companies of the sector transportation and constructionthe financial sector allocated loans 280.1 million of dollars.
Dominican Week in Spain brings together ministers, officials, businessmen and institutional leaders from both nations, in a space for dialogue that promotes cooperation, exchange and expansion of bilateral relations.
In 2024 Spain ranked as the second country in foreign direct investment in the Dominican Republic, with 1,126 million dollars, only behind the United States, a position that it also maintained during the first half of this year, when it added 559.4 million dollars.
Countries of origin
After the spanish companieswho dominate the access to credit in the dominican bankingfollowed by those coming from the British Virgin Islandswhich owed 504.4 million dollars at the end of last September, equivalent to 21.7% of the total.
Panamanians (435.8 million dollars) and Canadians (211.7 million) continue on the list of foreign firms with operations in the country that owes the most to financial system nationally, with 18.8% and 9.1% of the total, respectively.
Meanwhile, the mexican They completed the list, with 161 million dollars, according to the data presented by Fernández.
