Economy February 4, 2020 | 12:07 pm

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Biggest Dominican bank gets US$9.04B bigger

Santo Domingo .- Banco Popular closed 2019 with total assets RD$478.2 billion (US$9.04 billio

n), or a 12.8% jump compared to 2018.

Banco Popular executive president Christopher Paniagua, said Mon. that the results allowed maintaining asset quality and ending with a past due portfolio index at 1.10% of the gross portfolio, with provisions coverage of 192%, while the solvency index was 13.82%.

Paniagua notrf that the net loan portfolio rose RD$35.1 billion in 2019 compared to the previous year, a growth of 12.5%, of which 66% of that increase in credit facilities was used to finance productive activities of the economy.

“We did all this with a clear commitment to sustainability, supported by a corporate culture that bases the bank’s actions on our values and on the best international practices.”

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