The Dominican industry, one of the support of the economy, has begun to feel the weight of the strictest financial context. December 2024, The credit portfolio In this sector, it presented clear cooling signals: less loans, more delinquency, greater interest rate and lower participation within the national financial system.
According to the most recent report of the Banks Superintendency, Industrial credit He closed the year with a total balance of 149,883 million pesos, practically without nominal variation with respect to 2023, but with a real fall of -3.3 %, affected by inflation and the increase in the cost of money.
Indicates that this contraction began in The second semesterafter a good start in the first six months.
In addition, the participation of the sector in the total portfolio of the Financial system It fell from 7.8 % to 6.9 %, and within the commercial portfolio dropped from 14.1 % to 12.7 %.
It is a significant reduction that reflects the lower dynamism of Productive creditin the midst of financing and an economy in maturity.
More expensive and more risky
The average interest rate for industrial loans It was 11.2 %, with a jump in the national rate that reached 12.9 %. This increase made financing more expensive, especially for small and medium enterprises.
Money The sector also increased, from 0.36 % in 2023 to 0.44 % in 2024, while the breach rate rose to 2.0 %, although still below the general average of the system (3.2 %).
The amount of The walled portfolio It was 666.7 million pesos, 21.9 % more than the previous year.
Less dollars, more guarantees
A positive fact was the reduction in foreign currency exposurewhich fell to 30.9 % of the total, thus reducing exchange risks. In addition, 44.4 % of the capital owed have appraisable guarantees, such as industrial ships, machinery or commercial premises, which improves the capacity to respond to breaches.
What industries lead credit?
69 % of Debt balance It is concentrated in four subsectors:
- Food and drink products (42%)
- Chemical substances (12%)
- Furniture and mattresses (8%)
- Non -metallic mineral products (7%)
The main ones Financial Banks They were popular (39.4 %), Banreservas and BHD.
