Banco Popular Dominicano demonstrates positive achievements for the first semester of 2005, according to financial indicators shown in the recently published financial statements for the ending period on June 30, 2005.
The total assets of the institution accounted for RD$83,576.9 million representing an increase of RD$1,777.7 million in comparison to $81,799 million at the closing of the first quarter 2005. This growth is due to an increase in the credit portfolio and total deposits, which amounted for RD$ 35,533.7 million and RD$ 71,876.5 million respectively. In this sense, it is important to highlight that the increase of the deposits has allowed the bank to continue strengthening its liquidity levels.
On the other hand, the growth of the institution has also been supported by an increase in shareholder’s equity which amounted for a RD$ 8,090 million, reporting an increase of RD$ 462.7 million in respect to the previous quarter.
In addition, the bank continues fulfilling the effective constitution of provisions, counting on reserves for its loan loss of 101.4% of the past due loans.
Finally, the institution’s profits for the closing period of the present semester accounted for RD$ 711.5 million, representing a significant increase of RD$ 195.7 million from last year’s exercise for the same period, according to the budgetary objectives.
