NewsWhore
02-07-2008, 04:30 PM
According to a report by Business News Americas, Dominican commercial banks reported a 21% increase in net profits in 2007, compared to 2006. The net profits, according to BNA were for RD$8.25 billion (US$253 million). BNA writes that the increase reflects a positive performance by the Dominican economy. Loans also increased by 20% to RD$247 billion. The BNA explains that declining interest rates on commercial loans have forced banks to turn to consumer financing. Not all is positive according to BNA, as significant balance sheet mismatches remained a weakness of the banking system and the capital-to-assets ratio worsened to 9.5% at end-2007 from 10.0% at end-2006.
For more information click here: www.bnamericas.com/news/banking/Bank_profits_up_21*_in_2007 (http://www.bnamericas.com/news/banking/Bank_profits_up_21*_in_2007)
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For more information click here: www.bnamericas.com/news/banking/Bank_profits_up_21*_in_2007 (http://www.bnamericas.com/news/banking/Bank_profits_up_21*_in_2007)
More... (http://www.dr1.com/index.html#11)