NewsWhore
01-23-2009, 03:20 PM
Dominican banks finished 2008 with assets totaling RD$596.5 billion, for an increase of RD$60 billion over 2007. Listin Diario reports that the advantage of this is that an increase in liquidity could be beneficial in the event of a financial crunch on the world markets. Bank Superintendent Rafael Camilo made the announcement on the state of banks during a press conference to discuss the Dominican banking system, various economic indicators and monetary policy. According to Camilo, banks made RD$12 billion in earnings, RD$2.6 billion more than in 2007. He said banks paid RD$3 billion in taxes in 2008. He also explained that credit increased by 17.2%. Bank solvency rate also registered an increase of 1.4%, reaching 14.5 in 2008.
More... (http://www.dr1.com/index.html#7)
More... (http://www.dr1.com/index.html#7)