Close Gallery
Zoom Picture

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.

Share / Recommend this article: FacebookFacebook Digg thisDigg this del.icio.usdel.icio.us TechnoratiTechnorati YahooYahoo Facebook
COMMENTS
4 comment(s)
Written by: DaniDr, 30 Jan 2008 9:46 AM
From: Dominican Republic, Santo Domingo
That's great news for them! Now they only need to improve their service and customer satisfaction from deplorable to decent.
Written by: baldoria23, 30 Jan 2008 9:50 AM
From: United States, Washington
This is great news! The largest bank is growing, which means that EVERY person in the DR is experiencing tremendous growth. I can't wait to call my relatives in the barriors and the interior to hear about their new economic wellbeing.

Wow, thank you "Big Banks" for helping the poorest of the poor, become rich :-)

Oh, and of course b/c everyone is benefiting, I'm sure that most of the benefits are going to the poor sectors, so much so that we should expect that by the end of the Year extreme inequality- which has grown in the past few years and fosters the imperfect democracy we have- will disappear.

Thank you "Big Banks", you are our saviors!

(i'm being ironic, in case you can't tell).

BTW - anyone up for a "salon" in Santo Domingo this week or next? if you are, send me an email - baldoria23@gmail.com and we can meet up at one of our local cafes. Let me know which day is most convenient for you.
Written by: Armando, 30 Jan 2008 5:22 PM
From: Dominican Republic
Banco Popular: the country's largest bank? In terms of what? Square metres? Number of clients? Number of branches? Value of total credits minus total deposits? Number of employees? Please, do specify since Banco Popular's September 2007 balance sheet figures show total assets for just RD$124,003,863,699 whereas Banco de Reservas' boast significantly more: RD$136,683,470,918. How did you arrive at the conclusion that Banco Popular is "the country's largest bank"? "Gut-feeling"? The only significant financial figure in which Banco Popular (barely) exceeds Banreservas is net worth: the former with RD$12,227,173,031 and the latter with RD$11,869,018,404. So, if the journalist was referring to net worth, which I highly doubt, he or she should illustrate the reader on the yardstick he or she used to gauge dominican banks' "largeness". Cheers.
Written by: baldoria23, 30 Jan 2008 7:01 PM
From: United States, Washington
ARmando, your post makes me laugh (in a good way)... Isn't Ban Reservas Government owned? Banco Popular may be the largest private bank. I really don't know. But they do have a big building :-)

Cheers Armando, keep the media honest ;)
Post Your Comment | Not a member? Create your account | Lost your password?
Write your opinion here. Please keep your comment relevant to this article. Please note that any comments which contain offensive language or discriminatory expressions may be edited/removed.
You must log in to post a comment:
Username Password