The government commercial bank, BanReservas has announced new facilities for restoring credit rating to people who due to different circumstances have been banned from using banking services. Enrique Ramirez Paniagua of BanReservas said that people with bad credit could attend the Finances School to learn how to manage their finances correctly and take part in a reinsertion program that includes savings and credit products adapted to each individual’s needs. He said that more than 54% of Dominicans do not use banking services, according to research by the Spanish firm Tecnocom. He said that a large percentage of the people who do use banking services have a credit score that is below the levels required by financial institutions for offering them credit.
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