NewsWhore
11-25-2009, 04:10 PM
The DR's financial system grew by 8.8% in 2009, with assets increasing from RD$597 billion to RD$649 billion, for an overall liquid increase of RD$52 billion. Bank Superintendent Haivanjoe NG Cortinas said that this is proof that the DR has overcome the problems caused by the international financial crisis and that there is renewed public confidence. He said that in the last year the private sector has had a credit participation of 86% while the government share has been of 14%.
Of the total to the private sector, RD$229.7 billion was in loans to commerce sector, or 60% of the total RD$381 billion lent in 2009 from January to October. 22% of the total went to consumer loans or RD$85.1 billion and 17.3% to mortgage loans, as reported in Listin Diario.
Ng Cortinas forecast an increase in borrowing now that interest rates are dropping.
More... (http://www.dr1.com/index.html#4)
Of the total to the private sector, RD$229.7 billion was in loans to commerce sector, or 60% of the total RD$381 billion lent in 2009 from January to October. 22% of the total went to consumer loans or RD$85.1 billion and 17.3% to mortgage loans, as reported in Listin Diario.
Ng Cortinas forecast an increase in borrowing now that interest rates are dropping.
More... (http://www.dr1.com/index.html#4)