Asociación La Nacional con beneficios por RD$745 millones

La Nacional Association with benefits of RD$745 million

The The National Association of Savings and Loansachieved a performance higher than projected by obtaining profits of RD$745 million (before taxes), 48% above of the projected goal in 2021.

Meanwhile, total assets increased to RD$36,498 million, an increase of 4.8% compared to the same period in 2020.

Liability growth also wins stand out with RD$1,094 million (3.65%).

Another positive result to highlight is the evolution of the credit portfolio in 2021, which was RD$24,770 million, with a growth of RD$1,966 million (8.62%) and was composed by mortgage (61%), commercial credit and SMEs (22%) and consumption (17%).

At the end of the year, the delinquency rate stood at 1.58%, showing an improvement over the result of 2020 where delinquency was at 2.15%.

Can read: Public debt is multiplied by fifteen

This result is a reflection of the quality in the origination of credits and the adequate collection management of the entity.

They were presented in the framework of its 2022 Annual Ordinary General Assembly of Associates and are attributed to the efficient management of its Board of Directors, the correct execution of its Strategic Plan and the application of good governance practices.

DR economy would grow 5.3%, a figure lower than estimated

On the other hand, the economy of the Dominican Republic would grow 5.3% in 2022predicts the Economic Commission for Latin America and the Caribbean (ECLAC).

This estimate is slightly below the one announced at the end of 2021, when he predicted it would be 5.5%.

The decrease in growth expectations is due to the complex situation that occurs in the world due to the war conflict between Russia and Ukraine.

ECLAC forecasts that the Gross Domestic Product (GDP) of Latin America and the Caribbean will grow 1.8%, compared to the 2.1% it estimated in December.

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