Popular Bank grows 13% to US$6.2B
Popular president in Dominican Republic Manuel Alejandro Grullon said the bank’s consolidated deposits grew to RD$206.1 billion, or 13% higher, with net earnings of RD$4.4 billion to December 31, 2011.
The assets of the Popular bank and its group of financial companies topped RD$249.3 billion (US$6.2 billion), a 13% growth compared with the same year ago period.
The Popular executive said the Group’s units, Banco Popular Dominicano, Inversiones Popular, AFP Popular and Popular Infocentro, BPD Bank, in New York, and Popular Bank Limited, in Panama, reached the 2011budget goals stated in its plan of business.
Grullon provided the information during the assembly held April 28 of the Popular group, the country’s biggest bank.
