{"id":177235,"date":"2022-04-19T08:05:04","date_gmt":"2022-04-19T12:05:04","guid":{"rendered":"https:\/\/dr1.com\/news\/?p=177235"},"modified":"2022-04-19T09:25:37","modified_gmt":"2022-04-19T13:25:37","slug":"big-savings-by-dominicans-in-2021","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2022\/04\/19\/big-savings-by-dominicans-in-2021\/","title":{"rendered":"Big savings by Dominicans in 2021"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img loading=\"lazy\" width=\"600\" height=\"337\" src=\"https:\/\/dr1.com\/news\/wp-content\/uploads\/2021\/11\/Dinero-Listin-Diario-e1636981738385.jpeg\" alt=\"\" class=\"wp-image-168399\"\/><\/figure><\/div>\n\n\n\n<p>The Superintendeny of Banks (SB) reports RD$2.1 trillion in savings in Dominican banks as of the end of 2021. The Presidency reports that this is around 40% of the nominal Gross Domestic Product (GDP). Deposits were up RD$271 million, or 17.3% compared to 2020. The data is from the Trends in Savings in the Dominican Republic publication of the Superintendency of Banks.<\/p>\n\n\n\n<p>A breakdown of the system&#8217;s deposits:<br>Savings accounts &#8212; 43.8%<br>Securities held by the public \u2013 21.4%<br>Checking accounts &#8212; 21.3%<br>Time deposits &#8212; 13.5%<\/p>\n\n\n\n<p>Multiple banks concentrate 89.3% of total deposits (RD$1.91 billion). The rest is distributed in 8.8% of savings and loan associations, 1.6% of savings and loan banks, while credit corporations and public financial intermediation entities account for 0.2% and 0.2%, respectively.<\/p>\n\n\n\n<p>At the end of last December, deposits in foreign currency represented 29.7% of the total. 97.9% of foreign currency deposits are in US dollars. Deposits in the Euro account for 2.1%.<\/p>\n\n\n\n<p>The East and Metropolitan regions had the highest year-on-year increases in deposits at the end of December 2021, with an expansion of 21% and 20%, respectively, followed by the North and South regions with growth rates of 11% and 9% each.<\/p>\n\n\n\n<p>Personal deposits lead in deposits with accumulated values of RD$1.16 billion (54% of the total), followed by companies with RD$509 billion, equivalent to 24%.<\/p>\n\n\n\n<p>Read more in Spanish:<br><a href=\"https:\/\/presidencia.gob.do\/noticias\/ahorros-en-las-entidades-financieras-crecieron-un-173-en-2021\">Presidency<\/a><br><\/p>\n\n\n\n<p>19 April 2022<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Superintendeny of Banks (SB) reports RD$2.1 trillion in savings in Dominican banks as of the end of 2021. The Presidency reports that this is around 40% of the nominal Gross Domestic Product (GDP). Deposits were up RD$271 million, or 17.3% compared to 2020. The data is from the Trends in Savings in the Dominican &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2022\/04\/19\/big-savings-by-dominicans-in-2021\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[293,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/177235"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=177235"}],"version-history":[{"count":2,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/177235\/revisions"}],"predecessor-version":[{"id":177286,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/177235\/revisions\/177286"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=177235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=177235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=177235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}