The Superintendency of Banks of the Dominican Republic presented an overview of the Dominican financial system to representatives of the International Monetary Fund (IMF) during a series of technical work sessions with local institutions. Superintendent Alejandro Fernández W. characterised the banking sector as stable and resilient, with adequate profitability, solvency and liquidity to absorb potential losses and respond to changes in market and economic conditions. Key indicators highlighted included nominal asset growth of 10.3% in 2024 to RD$3.84tn and a gross loan portfolio of RD$2.182tn (32.2% of GDP), up RD$242,773m year on year (12.5%). The non-performing loan ratio remained low at 1.6%, up 0.5 percentage points from December 2023, while the Superintendency’s stressed delinquency measure stood at 7.12%, 0.42 percentage points higher than a year earlier. System provisions rose to RD$65.3bn, a 12.3% increase year on year, equivalent to 3% coverage of the total loan portfolio. The update also referenced ongoing steps to align with international regulatory and accounting standards, including public consultations on draft rules for financial user protection and operational risk, and the Monetary Board’s decision to approve the start of a gradual move toward fair value application for financial institutions’ investment portfolios.
Superintencencia de Bancos de la Republica Dominicana 2025-03-18
Superintendency of Banks of the Dominican Republic briefs IMF mission on banking sector stability and cites assets up 10.3% to RD$3.84tn
The Superintendency of Banks of the Dominican Republic reported to the International Monetary Fund on the stability of the Dominican banking sector, highlighting a 10.3% nominal asset growth in 2024 to RD$3.84tn and a gross loan portfolio of RD$2.182tn. The non-performing loan ratio was low at 1.6%, with system provisions covering 3% of the total loan portfolio. The update noted steps toward international regulatory alignment, including consultations on financial user protection and operational risk, and a gradual shift to fair value application for investment portfolios.