Spanish
The Association of Multiple Banks of the Dominican Republic (ABA) highlighted the boost of bank financing to Dominican tourism, reporting that the bank credit portfolio destined to the tourism activity registered an accumulated growth of 67% during the period 2020-2025, which reflects the bank's commitment to the development of a strategic sector for the national economy.
The ABA indicated that the aforementioned portfolio went from RD$67.483 billion in November 2020 to RD$112.524 billion in November 2025, with an absolute increase of RD$45.041 billion. It also highlighted that the financing provided by multiple banks to tourism represents 98% of the total credit portfolio of the financial system oriented to this sector.
Likewise, he highlighted the remarkable dynamism evidenced by several provinces in their tourist activity, which is reflected in the favorable behavior in the credit portfolio destined for this segment. This list is headed by La Romana with a growth of 100%, followed by Puerto Plata (72%), Santiago (59%) and El Seibo (6%).
However, the ABA specified that the National District, La Altagracia, and El Seibo are those that concentrate the largest amounts of financing granted by multiple banks to tourism in the Dominican Republic, representing together 93% of the portfolio as of November 2025, according to data from the Superintendency of Banks.
The banking guild stated that these credit facilities are primarily intended for the construction of new hotel projects and other businesses aimed at offering this service, expansion and remodeling of existing ones, purchase of equipment and working capital.
"We are aware of the importance of tourism for the development of the Dominican economy, a sector that, at the end of 2024, represented 8.3% of the GDP," assured the ABA in a press release.
He also highlighted the relevance of tourism as a generator of direct and indirect jobs in the country, concentrating 8.3% of the total employed at the national level, which is equivalent to 427,660 workers, according to the statistics of the Central Bank.
Likewise, he considered that the so-called "smokeless industry" is an important generator of foreign currency, recording revenues for the Dominican Republic above US$11,200 during the past year, according to the official body.
Finally, the Banks Association highlighted that, in these results recorded by tourism during the last few years, the actions of the Government through the Ministry of Tourism have been relevant with its special participation in international events promoting our country, such as the International Tourism Fair (FITUR), which is taking place this week with the assistance of local banking entities, and also with the Open Skies agreement signed between the Dominican Republic and the United States, encouraging a greater arrival of tourists from other countries.
