Speaking to shareholders at the Annual General Meeting, Manuel A. Grullon, president of Banco Popular Dominicano said that the bank had grown by 12.6% in 2013, with its total assets now worth $251,783.8 million.
Grullon said that the Net Credit increase by 8.7% over 2012 which was mainly due to commercial loans to the production sector which rose by RD$10,595 million over 2012 and the account was higher quality than in 2012 with fewer defaults.
Total deposits increased to RD$211,708.1 million, which represented a 12.5% increase over 2012 and the overall Solvency Index stood at 13.45% at the end of 2013, which was over the 10% required by authorities.
www.diariolibre.com/economia/2014/03/18/i530831_banco-popular-crece-2013.html