SANTO DOMINGO.- The Banco Popular Dominicano’s net earnings last year rose to RD$2.94 billion, and paid RD$999.6 million in taxes. Its holdings at the close of 2007 were RD$13.6 billion, for a growth of 4.78 billion from a year earlier, the Popular bank said.
The Popular, the country’s largest bank, posted a ump of 25.2 billion in total assets, to RD$132.9 billion, or a 23.5 percent jump from 2006, when it posted 108 billion.
It reported a loan portfolio of RD$73.9 billion, or 18.7 billion more from the 55.2 billion a year earlier, for a growth of 33.8 percent.
Popular Banco president Manuel A. Grullón said business loans rose to RD$10.1 billion, and RD$4.7 billion for consumption, with a jump of RD$4.4 billion for mortgages.