Loan portfolio in foreign currency grows 15.3 % in 2024

At the end of 2024, the exhibition of the briefcase of credits In foreign currency – which includes unused approved amounts – totaled 9,213 million dollars, 1221 million dollars in relation to 2023, according to a report recently published by the Banks Superintendency (SB).

Of the total briefcase – whose amount used was 8,206 million dollars – 57.8 % of the loans went to debtors No generators of foreign exchangewhile the remaining 42.2 % did go to sectors generators of foreign exchange.

Only in the month of Decemberthe briefcase granted to debtors No pure generators –sectors productive whose transactions are made only in Dominican pesos – represented 24.6 % of the total. For this group, financial intermediation entities increased from 50 % to 54.9 % the coverage due to guarantees, in order to mitigate exchange risks.

The weighting that the sectors productive in this briefcase of credits Last year he could have influenced that the Bank Central of the Dominican Republic (BCRD) issued a resolution so that financial intermediation entities would facilitate only up to 25 % of their resources in foreign currency to these sectors.

The measure, announced at the beginning of this month, seeks to ensure 85 % of resources to sectors They do generate foreign exchange – such as tourism, free zones and the export sector–, while providing potential risks in a volatile international context that has allowed the appreciation of the dollar.

Sectors economic

According to the report, 56.7 % of the Loans in foreign currency granted last year they concentrated on Four key sectors: he tourism concentrated 1,715 million dollars, for a 20 % weighting, while the remaining 35 % of the amounts (2,942 million dollars) were distributed among the sector electric (14.2 %), trade (12.0 %) e manufacturing industries (9.5 %).