Banks lend over RD$3 billion to small businesses in first quarter

The Dominican banking system is betting on the smaller and smallest of businesses. Banks have lent over RD$3 billion to the micro-business sector in the first three months of this year, up over 60% from this time a year ago. The monies were allocated to working capital and for acquiring capital goods for the businesses.

As elsewhere in the world today, Dominican banks have a cash surplus after Dominicans have not been traveling and there is less consumer spending in general.

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N Digital

6 June 2021