Spanish
Loans from multiple banks for the acquisition and construction of housing tripled during the period 2017-2025, highlighting the role played by the banking sector in facilitating the development of the mortgage market by channeling resources to meet both housing supply and demand, the Association of Multiple Banks of the Dominican Republic (ABA) pointed out.
The ABA explained that the financing for the acquisition of housing increased from RD$114,869.3 million in December 2017 to RD$289,648.2 million in October 2025, with an increase in absolute terms of RD$174,778.9 million and a relative growth of 152.2% during that period.
He observed that, within the financing to the private sector, this item occupies the third place, only surpassed by consumer loans and those destined for wholesale and retail trade.
The Association highlighted the 147.6% growth recorded in construction financing during that period, which meant an increase of RD$81,146.4 million in absolute terms, from RD$54,964.2 million recorded by the portfolio in December 2017 to RD$136,110.6 million in October 2025.
The guild that brings together multiple banks highlighted that the construction industry is a key sector in the Dominican economy not only for its contribution to the Gross Domestic Product, but also for its interconnection with other productive sectors, which generates a multiplier effect in the Dominican economy.
"The upturns in financing for housing acquisition and construction have contributed to the dynamization of the sector, to the decrease in the country's housing deficit, as well as to job creation, not only directly but also indirectly, given that for each direct job the construction sector indirectly impacts the generation of jobs in all the activities from which it demands products and services," assured the ABA.
In that order, he indicated that, with the channeling of these resources, multiple banking supports an industry that, according to information from the 2023 National Survey of Economic Activity, registered a total of 53,325 employees and a projection of reaching 55,374 positions this year.
"The banking sector ratifies its commitment to continue expanding and facilitating access to credit for the construction sector (on the supply side) and for home purchases (in terms of demand), supporting projects that boost the economy and strengthen the opportunities for Dominican households to acquire decent housing, adapted to their resources and needs," assured the ABA in a press document.
The guild indicated that this is one of the purposes that drives its participation in the National Strategy Meta 2036, where it coordinates the Financial Committee and promotes the implementation of alternative credit rating and the incorporation of Social Security Treasury data within the framework of the National Plan "Happy Family Housing", among other initiatives.
