Economy February 12, 2019 | 1:02 pm

Biggest Dominican bank grows 11.1% to US$8.48B

Manuel A. Grullon, second from right, Alejandro Grullon, right. File.

Santo Domingo.- Dominican Republic’s biggest bank, Popular, on Tues. announced an “excellent performance” in fiscal year 2018, which helped develop the country’s productive sectors.

In a statement, bank CEO Manuel A. Grullón provided preliminary figures to media executives. He said Popular’s total assets stood at RD$423.8 billion (US$8.48 billion), an 11.1% jump or RD$42.3 billion more than in 2017.

“The good performance derived from having continued to improve the efficiency of the operations, while increasing the volume of activity, as a result of strengthening a business model focused on the client,” the bank said.

It adds that it provided a differentiated attention, “according to the needs of each segment and cutting-edge digital solutions that make their lives easier.”