The Dominican Republic Superintendency of Banks (SB) published its report on credit in the financial system, showing that the total loan portfolio ended 2024 at DOP 2.18 trillion, a 12.5% year-on-year increase. The update also reports a headline delinquency ratio of 1.6% and a SB “stressed delinquency” indicator of 7.12%. Consumer lending excluding credit cards rose 12.3% year on year, up DOP 54.381 billion to DOP 496.670 billion, while personal credit card balances reached DOP 117.198 billion, equivalent to 23.7% of consumer credit and 5.4% of total credit. Private commercial credit totalled DOP 1.14 trillion, increasing by DOP 116.709 billion (11.4%), and the report notes that total private credit in Dominican pesos grew 6.7% by end-2024 versus end-2023; the largest balance increases were concentrated in construction (21.3%), consumption (15.2%), home purchase and renovation (13.7%), real estate activities (13.2%) and commerce (11.1%). Mortgage credit grew 13.7% (DOP 41.176 billion) to DOP 391.637 billion and averaged 17.9% of total credit over the last two years, with the weighted average housing-loan interest rate at 11.3%; credit remained the largest asset class at 56.7% of system assets, up 1.1 percentage points year on year.
Superintencencia de Bancos de la Republica Dominicana 2025-04-03
Dominican Republic Superintendency of Banks publishes credit report showing loan portfolio grew 12.5% to DOP 2.18tn in 2024
The Dominican Republic Superintendency of Banks reported a 12.5% year-on-year increase in the total loan portfolio, reaching DOP 2.18 trillion by the end of 2024. The report highlights a headline delinquency ratio of 1.6% and a stressed delinquency indicator of 7.12%. Notable growth areas include construction, consumption, and mortgage credit, with private commercial credit rising by 11.4% to DOP 1.14 trillion.