NewsWhore
07-31-2012, 03:10 PM
The loan portfolio of the financial system grew by 5.9% in the first semester of this year compared to last year, going from RD$476.8 billion to RD$507.2 billion this year. Nevertheless, private sector credit shrunk by 0.5% in the first six months of the year, which means that some RD$2.2 billion were not lent. The sluggish borrowing is attributed to the electoral year and slowing economic activity, according to the Superintendence of Banks.
The private sector had received in December 2011 some RD$466.3 billion but in June 2012, six months later, the amount was down by RD$2.2 billion, or 0.5% and closed at RD$464.1 billion.
Nevertheless, as of December 2011, the public sector had received loans for RD$33 billion, and as of June 2012, this increased by RD$10.1 billion and closed at RD$43.1 billion, which represents an increase of 30.7%. The increase in the loan portfolio in the first half of this year, compared to the same period last year, is RD$30.4 billion more than in the same period the year before and RD$7.9 billion more with respect to its level at the close of 2011.
According to numbers from the Superintendence of Banks, the growth of credit in the first half with respect to the level as of December 2011 shows positive growth of 1.6%, but 4.4% less than the accumulated growth during the first semester of the year in relation to 2011. The Superintendence confirmed there was in turn an increase in the loan portfolio in the public sector.
More... (http://www.dr1.com/index.html#9)
The private sector had received in December 2011 some RD$466.3 billion but in June 2012, six months later, the amount was down by RD$2.2 billion, or 0.5% and closed at RD$464.1 billion.
Nevertheless, as of December 2011, the public sector had received loans for RD$33 billion, and as of June 2012, this increased by RD$10.1 billion and closed at RD$43.1 billion, which represents an increase of 30.7%. The increase in the loan portfolio in the first half of this year, compared to the same period last year, is RD$30.4 billion more than in the same period the year before and RD$7.9 billion more with respect to its level at the close of 2011.
According to numbers from the Superintendence of Banks, the growth of credit in the first half with respect to the level as of December 2011 shows positive growth of 1.6%, but 4.4% less than the accumulated growth during the first semester of the year in relation to 2011. The Superintendence confirmed there was in turn an increase in the loan portfolio in the public sector.
More... (http://www.dr1.com/index.html#9)