Banco Popular Dominicano announced outstanding results at the end of the 2023 fiscal year, coinciding with its 60th anniversary. Christopher Paniagua, executive president, reported that the bank consolidated its position as the main private capital bank in the country. Total assets reached RD$755,266 million, with a growth of 19.1% compared to 2022, thanks to the trust of clients and shareholders, macroeconomic stability and leadership in digital transformation.
The net loan portfolio grew by 19.6%, reaching RD$481,722 million, highlighting 56.7% destined to finance productive activities. Total deposits reached RD$556,506 million, an increase of 14.2%. Net profits were RD$22,894 million, with a solvency ratio of 14.98%, exceeding the regulatory requirement.
Paniagua highlighted the recognition of Feller Rate with the AAA rating in solvency, becoming the first bank with Dominican capital to achieve this. The growth strategy focused on technological strength, banking, support for entrepreneurship and sustainability.
In terms of sustainability, the bank allocated more than RD$1.2 billion to social initiatives, including educational programs, scholarships and cultural projects. They highlighted their support for communities affected by natural disasters and the promotion of cultural and creative industries.
In sustainable businesses, the “Hazte Eco” green finance portfolio stood out, with an increase of 17%, exceeding RD$2,267 million. The bank leads the financing of renewable energy in the country with 1,031 MW of installed capacity and is the first institution with approval to issue green bonds, supporting renewable energy and sustainable mobility projects. The commitment to sustainable development reaffirms the position of Banco Popular Dominicano as a key agent in the economic, social and environmental progress of the Dominican Republic.
