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Manuel Grullon, Alejandro Grullon. Photo elcaribe.com.do
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Santo Domingo.-  The Popular banking group on Saturday reported growth of 12.4 of its assets to RD$219.8 billion (US$8.1 billion), and 18.7% of its loan portfolio last year.

Popular president Manuel A. Grullón announced the figures when he presented the Management Report to the Administration Council of during 2010, during its Annual General Assembly of Shareholders, held in the Casa San Pablo’s auditorium, in the capital

He said Dominican Popular Bank’s local branches, Inversiones Popular, AFP Popular and Popular Infocentro, and the BPD Bank branches in New York, and Popular Bank Limited, in Panama, also accomplished “excellent performance,” reaching the budgetary objectives established after that exercise, stressing the quality of their main financial indicators.

Grullón said Popular’s total assets reached RD$219.8 billion, for a 12.4% growth compared with the year ago period, boosted by consolidated patrimonial funds, which reached RD$25.6 billion, or RD$3.7 billion higher.

The net credit portfolio reached RD$138.7 billion, for a growth of 18.7%, while total deposits topped RD$182.9 billion, a growth of 11.6%.

The head of the country’s leading bank added that the activities developed by Popular’s local and international affiliates led to gross utilities of RD$5.7 billion to December 31, for a net of RD$4.4 billion after taxes of RD$1.3 billion, and RD$627 million more than in 2009.

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COMMENTS
6 comment(s)
Written by: ELPAPA999, 3 May 2011 11:07 AM
From: United States, California
I wonder what that means for the poor in the DR?????
Written by: ELPAPA999, 3 May 2011 11:12 AM
From: United States, California
Does any body know how I can open an account in Banco Popular from California????
Written by: THINK, 3 May 2011 11:12 AM
From: United States, SDQ -- Mia --NY

We can see how the big enterperises making poor people's money in DR.... and the worst part is the Government allows this happen.......

Written by: Escott, 3 May 2011 11:27 AM
From: Dominican Republic, Cabrera and Sosua a 2 days a month for payday
What the hell do you care about the poor in the DR when you live in Sunny California sucking on that big American TIT?

Some people are real dopes...
Written by: ELPAPA999, 3 May 2011 12:07 PM
From: United States, California
Escott---
HAHAHAHAHAHAH---You are a funny dude!!!!! However my family is among those poor people, so yes I do care. I come from the poorest people in the DR.
I'm not as poor as I used to be, cuz god has blessed me with this opportunity and I'm doing the best I can with it. The little that I do have I share it with my family.
Written by: willmo, 3 May 2011 5:45 PM
From: Dominican Republic
These bankers are the real "owners" of the Dominican Republic, not the transportation sector, as many pro-government apologist like to describe the transportation sector.
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