The administrator of Banreservas, Samuel Pereyra, announced yesterday that it has been a strong ally of tourism, channeling credits for more than US$300 million to six major producers, with a total investment of US$670 million. Of these amounts, more than US$220 million have been approved for the start-up of four hotel complexes that will provide 1,294 rooms.
The banking institution explained that it has also had among its priorities SMEs, for which it has disbursed RD$34 billion. “This sector is a mirror of the progress of the economy, in addition to generating almost 40% of the jobs in the country,” it points out.
Through the Expo Fomenta Pymes fairs, held in September 2020 and April 2021, loans for RD$13.44 billion were placed, benefiting more than 6,500 productive micros, small and medium-sized enterprises.
As for remittances, Central Bank figures reveal that, as of September 2021, US$829.6 million were received, for an increase of US$52.3 million, equivalent to 6.7%. In this regard, in Banreservas this item grew by 55%, during the period evaluated.
“In the period January-September 2021, the Dominican Republic recorded a year-on-year growth of 34.4% and Banreservas recorded a cumulative annual growth in remittance product transactions of 90% compared to the same period 2020,” specifies the document that analyzes the performance of Banreservas between August 2020 and September 2021.
Social commitment
The document gives an extensive account of Banreservas’ support to the country’s main productive sectors, as well as its support to the real estate sector with disbursements of RD$8.21 billion, as of last September.
Likewise, to invigorate it, the Expo Hogar fair was held from September 1 to 30, 2021, with the placement of RD$7.5 billion, equivalent to 1,911 loans for individuals and for SMEs to acquire plots of land and commercial premises.
“The union of an extraordinary financial performance and a firm social commitment, have made Banreservas receive multiple recognitions from various national and international financial magazines, which allow us to project the stability of our institution, to provide a business and investment climate of confidence,” he explains.
In this area, he cited that Banreservas disbursed close to RD$54 billion for the budgetary support of social programs of economic aid from the central government, alleviating the liquidity pressures caused by the pandemic in various institutions. Among these programs he cited Fase, Quédate en Casa, Pa’ Ti, as well as Bono Navideño cards and other plans.
The luncheon with media directors was held in the former hall of the Board of Directors of the Banreservas Office on Isabel la Católica Street, in the Colonial City. The Bank’s main business executives were present, among them the deputy managers Ysidro García, of Business; José Manuel Almonte, Administrative; and Francisco Elías, of subsidiary companies.
Source:
Hoy
