The Dominican financial system continues to show stability and strength, according to data from the second quarterly report on the financial system’s performance, published by the Superintendency of Banks (SB).
The total assets of the system amounted to RD$2.56 trillion (54.9% of GDP), for nominal interannual growth of 17.2%.
As of June 2021, deposits totaled RD$1.96 trillion (42.0% of GDP), presenting an interannual variation of 13.5%.
The solvency ratio reached 21.5% in May, reflecting a growth of 4.0 percentage points compared to a year ago.
This is a level significantly higher than the minimum requirement of 10% established in the Monetary and Financial Law No. 183-02.
Of the 21.5 that the solvency ratio reached, 18 percentage points are primary capital, the one with the highest quality and capacity to absorb losses.
At the end of the first semester of the year, the total loan portfolio amounted to RD$1.32 trillion (28.5% of GDP), for growth of RD$42.093 million with respect to the same period of 2020. The interannual increase was 3.3%, lower than the average of the last five years (9.2%).
In the last 12 months, the growth of the private portfolio (includes commercial, consumer, and mortgage) was 4.5%. The commercial part grew 5.5%.
The credits directed to the public sector during the last year experienced a reduction of 13,606 million.
Source:
Hoy
