Banco ADOPEM has granted 164,885 loans

17 January 2013
Banco Adopem

Over the course of 2012, the bank delivered to micro and small enterprises 164,885 loans, totaling RD$3,596,903,815 million.

Mercedes Canalda de Beras-Góico, executive vice president of Banco ADOPEM, indicated that the average portfolio was worth 18,122 pesos and had increased 15.17% compared to 2011.

Banco ADOPEM’s assets grew by 23.41%, increasing to RD$4,052,890,431 compared to the year 2011,” Canalda said.

Canalda de Beras-Góico explained that Savings Accounts and Financial Certificates grew by 67.0% to reach RD$1,472,525,777, which corresponds to an increase of RD$590,703,867 compared to 2011, when these reached RD$881,821,910.

She indicated that an important part of its growth was attributable to the focused programs on microfinancing, rural and agricultural credits, home improvement, and SMEs.

She also explained that in 2012 product diversification continued to grow in areas such as microinsurance, transfers processing, an extensive financial education and enterprise creation program, and business improvements for its customers.

She highlighted that the indicator of provisions on overdue loans was 164.14% at year’s end, testimony to the quality of its assets and management indicators.