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APAP assets come to RD$ 39,676 million
posted on: Nov 30 2011 7:40 by RDugey. Viewed 14 times.
L os assets of the people's Association of savings and loans (APAP) amounted to RD$ 39,676 million, for a growth of RD$ 4,581 million, equivalent to an increase of 11%.
Data include until the 31 of October.
According to a financial report released yesterday, abstractions for the same period were Rd $29,927 million for an increase in RD$ 3495 million, equivalent to an increase of 13.22% over December 2010, coming basically deposits savings and certified financial.
Results of APAP for the period January October 2011 were presented by the Vice-President of the entity, Gustavo Ariza, during the traditional meeting of Christmas with media executives, which shares the institutional achievements and most relevant business of the year. Ariza also highlighted the growth of credit portfolio in a 6.09%, representing an increase of RD$ 1,389 million, u000afor a total of RD$ 24,191 million, to the current 2011 October.
Indicated that the rates of delinquency and coverage of more than 90 days past-due portfolio stood at a 2.77 per cent and 110 per cent respectively.
Both indicators, he said, "significantly exceed forecasts for credit risk and reflect the quality and prudence of financial and operational management".
Executive Vice President of the people's Association of savings and loans also highlighted the participation of the entity in the market, representing just last October the 37.48% of the savings and loan sector and a 4.70% of the financial system.
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Investment in social programmes
responsibility
the Vice President of the people's Association of savings and loans (APAP) stressed that it is placed as the second institution in the financial system with increased investment in programs of social responsibility, with a 3.4% of the total of the utilities that, for the period u000a2011 amounted to RD$ 761 million.
At the meeting with the directors and executives from media, Ariza was accompanied by members of the Board of Directors of APAP, as well as the Vice-Presidents of the different areas where operational institution.
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