Close Gallery
Banks Superintendence.
Zoom Picture

SANTO DOMINGO.- Banks Superintendent Haivanjoe NG affirmed Tuesday that the Government has taken the fiscal and monetary measures to maintain macroeconomic and financial sector stability.

He said the Financial System’s performance has declined slightly in the first semester, with some indicators such as asset growth at only 2.6%, and 5.9% in the credit portfolio, both below the level reached in the same last period year, with 3.61 percent climb of the interest rate in one year.

“In the performance scenario, the micro-prudential indicators continue to show excellent stability, one of the fundamental goals of the actual monetary and economic policy."

NG, quoted by news source diariolibre.com, said the Financial System’s Solvency Index, calculated to June, was 17.19%, or 7.19% higher than the at the minimum level of 10.0%, stipulated in the Monetary and Financial Law 183-02.

The official added that the efficiency level measured by the Costs/Income indicator was 68.84%, and remains at the rank of regular, according to international standards.

 

Share / Recommend this article: FacebookFacebook Digg thisDigg this del.icio.usdel.icio.us TechnoratiTechnorati YahooYahoo Facebook
COMMENTS
5 comment(s)
Written by: JimHarrington This user is banned, 19 Jul 2011 11:32 AM
From: United States
What a lot of government Bull Shxt.

These idiots should stick their head out the door and look at the real world in the DR and they would see that there is massive unemployment and very few sales other than to government entities and naturally the Jeepetas sales are up..
Written by: juanb, 19 Jul 2011 12:22 PM
From: Dominican Republic


Oh Puhleeeeese
Written by: juanb, 19 Jul 2011 12:24 PM
From: Dominican Republic

"Has taken the fiscal and monetary measures". That means they have borrowed Billions more to waste and steal
Written by: Atabey, 19 Jul 2011 2:24 PM
From: United States, NYC
¿QUÉ RECOMIENDA PARA EL PAÍS, ANTE EL CONTEXTO EXTERNO?

Para el mediano plazo la recomendación es reforzar las bases de crecimiento de largo plazo, reforzar los sectores competitivos que generan empleos de buena calidad.

Para el largo plazo los temas son una buena educación, una buena formación profesional, dar mayor apoyo a la generación de empresas y a la innovación e incorporación del conocimiento a los procesos productivos. Digamos, enfocarnos en el crecimiento de más largo plazo a nivel competitivo, y no a un crecimiento que dependa de un tipo de cambio muy barato o muy alto o de salarios bajos, que vayamos a una competitividad auténtica."

http://www.listin.com.do/economia....RD-reforzar-bases-del-crecimiento
Written by: Ricardolito, 20 Jul 2011 10:02 AM
From: Dominican Republic, vieja Santo Domingo
I personally think that the financial sector has maintained good stability in the DR and it is a country where we can have confidence now in the banking sector. If you are going to widen this out and look at the entire macro economics of the DR, I would be far less happy . The tax system remains a complete mess and totally unfair and the rise in government expenditure at a time when nearly every country is adopting austerity measures is a dubious proposition .
The other major financial concern is inflation and I doubt if this government can claim to have this under control

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