2012 Travel News ArchiveTravel

Banco Popular backs DR tourism

The Banco Popular Dominicano recently reaffirmed its support for the Dominican tourism sector through its participation in the 46th Annual Tourism Market (ITB) in Berlin. The bank hosted a dinner with the senior executive vice-president for Business, Christopher Paniagua, who told businesspeople, hoteliers, investors and Ministry of Tourism authorities that the BPD had provided US$560 million in credit to the tourism industry. He said that the BPD recognized tourism as a major provider of formal sector employment and other initiatives that move the Dominican economy. He noted that the credit portfolio extended to the tourism sector represented some 14% of the bank’s total loan operations. According to El Caribe, 190 countries were represented at the ITB this year, and the exhibition area covered 160,000 square feet.