The Superintendency of Banks of the Dominican Republic published its 2024 annual performance report on the financial system, reporting that the banking system’s credit portfolio rose 12.5% year on year to DOP 2.1 trillion (an increase of DOP 242,773 million) and accounted for 67.4% of sector assets. The report also shows low headline delinquency and higher solvency alongside growth in total system assets. Credit expansion was led by consumer lending via personal credit cards (24.9%), followed by consumer loans (8.4%), mortgages (8.1%) and commercial loans (2.8%). The number of firms with credit reached 38,834 at end-December, up 6.3%, while individuals with credit increased 9.2% (male borrowers up 9.6% and female borrowers up 8.8%). Weighted-average lending and deposit rates in the multiple banks segment ended 2024 at 15.1% and 9.8% (up 1.5 and 1.2 percentage points), with the intermediation margin at 5.2% (down 0.2 percentage points) and the interbank rate at 11.7% in the last quarter of 2024 (up 1.9 percentage points). Headline delinquency closed at 1.6% and stressed delinquency at 7.12% (up 0.42 percentage points), while total system assets reached DOP 3.8 trillion (56.9% of GDP), up 6.9%, and the solvency ratio rose to 17.43% (up 1.32 percentage points). Provisions amounted to DOP 65.3 billion (up 12.3%) and were reported as 3% coverage of the total credit portfolio; regulatory capital reached DOP 437,060 million (up 15.6%), with 82.6% in primary capital. Pre-tax profits were DOP 99,586 million, with return on equity of 19.4% and return on assets of 2.3%.

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