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The BHD portfolio grew by 21 per cent
posted on: Feb 2 2012 8:45 by RDugey. Viewed 14 times.
El Banco BHD closed 2011 with 21 per cent loans growth, by placing it at RD$ 56,695 million, managing to exceed the goals established for the period.
In absolute terms this growth was Rd $9,821 million, comprising an increase of RD$ 6,374 million in business loans, RD$ 2,673 million in loans from consumption and RD$ 774 million more in mortgages.
These quantitative achievements were accompanied by prudent management, as evidenced in portfolio health.
El Banco BHD highlights past-due loan portfolio stood at only 1.9% of the portfolio in gross, while the solvency rate of 13.49%.
To analyze the results of last year, the President of the Bank Bhd., Luis Molina Achécar, considered the performance of the entity as a highly positive during the course of a year in which the banking sector had to assume new tax commitments, such as 1% to asset u000aproductive.
"2011 Was a year of great challenges for the Dominican Bank and the BHD had an exemplary performance, managed to overcome the goals established for the period and maintain the improved efficiency of the market," said Molina Achécar.
In accordance with the financial statements, at the end of 2011 the BHD earnings amounted to RD$ 3,016 million, for an increase of 10.8% compared to the year 2010.
40th anniversary
during all the year 2012 the Bank BHD will be celebrating its 40th anniversary with a series of activities focusing on the achievements of the Bank since its founding in 1972.
"We work constantly to achieve best practices and keep our promise of providing financial products and services with efficiency and quality," said Molina Achécar.
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