Tourism sector gets RD$16.4B, or 47% of Popular Bank loans

Santo Domingo.-. BancoPopular Dominicano public relations director Jose Marmol on Tuesday said the country´stourism sector accounts for 47% of that bank´s loans, with RD$16.4 billion toNovember 2015, from a total of RD$34.82 billion from all local banks.

Speaking during abreakfast with Banco Popular executives and Dominican journalists in Madrid,where the International Tourism Fair (Fitur) 2016 starts Wednesday, Marmol saidthe National Hotels and Restaurants Association (Asonahores) called Poplar the "tourismbank," because 20 years ago they began bringing tour leaders, banks andinvestors from Spain together.

He said conferences andseminars were promoted as well in 2014, seeking to develop the sector,contributing RD$6.8 billion to the country in tax revenue, and RD$6.0 billion fromJanuary to September 2015.

“On Wednesday, theBPD hosts a dinner for the 250 participating potential or current investors andentrepreneurs of complementary tourism sectors at the Thyssen-Bornemisza Museumin Madrid, Spaing, the leader