Banreservas’ active tourism portfolio

Banco de Reservas announced at the International French Travel Market (IFTM) -Top Resa 2023-, that its active portfolio for the tourism sector exceeded DR$40 billion.

Ysidro García, deputy business administrator of Banreservas, said in this city that the Dominican bank has made a firm and sustained contribution to the advancement of tourism and the promotion of the Dominican Republic as a tourist and investment destination.

He emphasized that the purpose of the Banco de Reservas in this fair is to evaluate and establish alliances with businessmen of the sector, to invest resources destined to the different zones of the country.

“As a proof of the positive impact of our Bank in supporting this area of the economy, I must tell you that at the close of August 2023 our active portfolio for the sector rose to more than DR$40 billion,” he said.

García added that, in addition, this year Banreservas is backing other projects for an amount of US$255.2 million, which will generate more than 4,000 direct jobs and 6,000 indirect jobs, and projects tourism financing for an amount exceeding US$700 million, equivalent to an investment of US$1,428.76 million, in more than 11 hotels, two thematic activities, two cruise ports and working capital.

Executives of the financial institution met with hotel business owners, executives and investors of the sector, who attended this fair, considered one of the most important in the tourism sector.

Representatives of Banreservas’ Tourism Development Department presented in this space the portfolio of financial services offered by the Bank to attract foreign investment.

Source: Mitur.gob.do

author avatar
Dominican Republic Live Editor

Leave a Reply

Your email address will not be published. Required fields are marked *

seventeen + 13 =

Verified by MonsterInsights