Santo Domingo.- The Progreso bank on Friday announces 24.2% jump in assets, a 28.1% growth in credits and a 25.6% climb in income in 2011, from RD$ 25.5 billion in 2010 to RD$32.2 billion last year.

The figures were disclosed during Progreso’s Ordinary Annual General Assembly and Extraordinary General Assembly, were the bank’s stakeholders acknowledged the advances in its business management.

Progreso Bank president Juan Bautista Vicini said its businesses management  during 2011 led to “orienting our operations to stimulate the Dominican entrepreneurial spirit,” providing “credits to construction, large corporations and alternative energy”, as the way to motorize the nation’s development.

He said Progreso's assets climbed by RD$552.0 million.