Spanish
In a turbulent and uncertain international context that poses greater challenges for economies, the Association of Multiple Banks of the Dominican Republic (ABA) highlighted that the country has economic fundamentals and a financial system with the solvency necessary to sustain its performance in complex external scenarios.
In that sense, the ABA highlighted the recent statements by the Superintendent of Banks, Alejandro Fernández W., regarding the stress tests carried out on the financial system, which, when evaluating the impact of adverse scenarios on credit portfolios, investment, and operational risks, demonstrate the strength of the system to absorb tensions without compromising its stability.
The ABA also stated that the Dominican Republic has built, in recent decades, a more robust economic and financial base, which is reflected today in a well-capitalized banking system, in prudent risk management and in a greater capacity to support households and the different productive sectors in their financing needs.
He pointed out that this responsiveness is not circumstantial, but rather the result of a sustained and resilient economic trajectory, characterized by growth and macroeconomic stability, which has allowed for the sustenance of private investment as the engine of economic development.
"The country has maintained, over time, stable conditions in key variables such as inflation and the exchange rate, along with an economic performance that has consistently been above the regional average, which has contributed to strengthening confidence and consolidating a more resilient base against external shocks," the union indicated.
In that context, the Banks Association added that this translates into a greater capacity of the country to absorb changes in the international scenario without compromising the stability of its productive and financial activity.
"The economic evolution of the Dominican Republic reflects a combination of structural factors that sustain its performance over time. This includes stable macroeconomic policies, a diversified economy, and a financial system that responsibly supports the different economic actors," he said.
The entity that brings together the multiple banks operating in the country emphasized that the banking sector continues to play a key role in that process, facilitating financing, supporting productive activity, and contributing to generating confidence in the economic environment.
"The country has shown that it can operate in complex scenarios without stopping its growth rate. Today we have an active economy, a solvent financial system and an articulation between public and private sectors under the "RD Meta 2036" initiative, which strengthens our response capacity and allows us to face the environment with responsibility, but also with a vision of continuity and progress," said the ABA.
Likewise, he reaffirmed his commitment to continue strengthening confidence in the financial system and to support the economic development of the country, contributing to the Dominican Republic's continued progress, despite a changing global environment.
