According to the general manager of the Banco de Reservas, Manuel Lara Hernandez, the past authorities of the Banco de Reservas granted loans for more than RD$1,000 million to private clients at interest rates that produced losses for the government commercial bank. Many of these loans were carried out with guarantees and conditions of payment no other financial institution would have allowed. He spoke during a meeting with El Siglo newspaper editors at the Bank. He also said that the past administration authorized pensions to employees that had less than a year in service. He mentioned that only two of those cases cost the bank RD$15 million in wages and severance payments. No names were mentioned.
