According to a communication issued by Banking Superintendent Rafael Camilo, the Dominican Republic banks have more than RD$185 billion available for loans and overdue loans of only 3% which places them at one of the most solid sectors in the region.
Camilo said that the economic situation in the country as a whole was difficult but that the new austerity measures put in place by President Danilo Medina would bear fruit.
He went on to say that the fact that the financial sector was stable and solid would help to mitigate the effects of the austerity measures.
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