Santo Domingo. - The Progreso bank’s leading indicators rose sharply in 2011, with total assets climbing 24.1% and loans by 27.3%, its president Mark Silverman announced Tuesday.

He said Progreso continued to consolidate its commercial dynamism in 2011, when its total assets grew RD$7.06 billion, to close at RD$36.3 billion, or 24.1% higher than in 2010, while the Multiple Bank’s assets grew around 15%.

The executive said its loans portfolio closed at RD16.3 billion, an increase of RD$3.5 billion, or 27% higher.  

In a statement, Silverman said commercial loans jumped 34.8 percent to RD$10.78 billion, an increase of RD$2.8 billion. “In a year in which the local bank was affected by external factors, the fact that our main indicators show favorable growth indicates that we’re on the path towards a constant and firm development of our business.”