Dominicans are good borrowers

Data from the Central Bank reveals an exceptionally low loan delinquency rate nationwide of just 1.3% across the country’s financial system, Diario Libre reports, citing a Central Bank report.

The findings are that out of every 200 loans approved by registered financial entities, only two remained unpaid.

Diario Libre shares the Central Bank findings that points out that this exceptional performance places the Dominican Republic far ahead of its regional peers, outperforming countries such as El Salvador (1.9%), Honduras (2.1%), Costa Rica (2.3%), Guatemala (2.3%), and Panama (4.0%) in terms of credit risk management.

The Central Bank attributes the low delinquency to a combination of prudent credit extension practices and historically low delinquency rates.

Read more in Spanish:
Central Bank
N Digital

9 July 2024