| Largest Dominican bank gets larger |
| Domican-Today |
| 3/22/2007 |
Source: The Dominican Today
Santo Domingo.- The Dominican Banco Popular held its annual general stockholders assembly in which important growth in its main financial and business indicators was revealed.
In the report before the assembly?s members, Popular bank president Manuel A. Grullon said that as of last December 31, the Total Assets consolidated posted an increase of RD$14.38 billion, equal to 15.4%, reaching RD$107.72 billion in 2006, while the total deposits grew 14.6%.
He added that the net Loans Portfolio reached RD$55.25 billion, surpassing the value reached in the same period in 2005 by RD$14.25 billion, which added to the RD$41 billion, totals a 34.8% percentage growth.
Grullon said that Popular?s Credomatic, S.A., and Dominican Credomatic, S.A., as well as the Servicash Exchange Agent, S.A., were integrated to the Banks part of the company?s consolidation strategy. |
|
|
|
