Economy May 1, 2018 | 12:05 pm

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Biggest Dominican bank continues growth: US$9.1B in 2017

M. Grullon. File

Santo Domingo.-  Dominican Republic’s biggest bank and its subsidiaries continued to grow in 2017, reaching RD$453.2 billion (US$9.1 billion) in total assets.

Banco Popular’s assets jumped 16.7% compared with the RD$388.3 billion at yearend 2016, according to Grupo Popular president, Manuel Grullón.

Speaking during the bank’s shareholders’ meeting, Grullon said the performance was achieved together with adequate levels of liquidity, efficiency, solvency and other financial indicators.

He said the net loan portfolio rose to RD$283.6 billion, with a relative growth of 14.3%, and exceeding by RD$35.4 billion the value in the same period in 2016, which closed with RD$248.2 billion.

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