The Superintendency of Banks of the Dominican Republic (SB) published its Annual Report on Banking and Tourism, reporting that bank lending to the tourism sector totalled DOP 117.7bn (USD 1.93bn) at end-2024. The portfolio represented 10.2% of private commercial lending and increased 5% year on year. The report records 22,178 unique borrowers and 29,846 tourism-related loans, up 5.5% and 12.2%, respectively. Multiple banks accounted for 97.2% of the tourism credit portfolio, and the three largest multiple banks by assets provided 90.1% of the sector’s financing. Tourism credit was described as the fourth-lowest delinquency portfolio in the financial system, with past-due debt of 0.26%, while outstanding principal equalled 25.8% of the appraised collateral value supporting these loans (DOP 3.8 in collateral per DOP 1 of principal). On currency composition, 87.0% of the tourism portfolio was denominated in USD, representing 20.5% of the system’s total foreign-currency loan book; the USD financing cost was 7.7% versus 8.2% for the rest of private commercial foreign-currency lending.
Superintencencia de Bancos de la Republica Dominicana 2025-01-16
Dominican Republic's Superintendency of Banks reports tourism credit portfolio rose 5% to DOP 117.7bn at end-2024
The Superintendency of Banks of the Dominican Republic reported that bank lending to the tourism sector reached DOP 117.7 billion (USD 1.93 billion) at the end of 2024, accounting for 10.2% of private commercial lending and increasing 5% year on year. The tourism credit portfolio, primarily in USD, had a low delinquency rate of 0.26% and was largely provided by the three largest multiple banks. The USD financing cost for tourism was 7.7%, compared to 8.2% for other private commercial foreign-currency lending.