Banreservas: tourism financing to exceed DR$10.4 billion in 2023

Banco de Reservas reported at Fitur 2024 that direct disbursements to the hotel sector made by that financial institution in 2023 exceeded DR$10.4 billion, while the active portfolio for tourism in general increased to DR$42.487 billion.

The bank’s general manager, Samuel Pereyra, explained that thanks to the bank’s work for the benefit of tourism, it also managed financing approvals amounting to US$118.95 million for development, remodeling and working capital in favor of different projects.

He added that they are currently evaluating operations that exceed US$700 million, which is equivalent to investments of some US$1,428 million for the construction of 11 new hotels, two theme parks, two cruise ports and working capital.

“In this way, our management has contributed in a sustainable way to the improvement in the quality of life of the communities where tourism projects have been developed, positioning us as firm allies of tourism,” he said.

He added that everything has been achieved hand in hand with the Dominican State, promoting favorable conditions for the different branches of this economic activity.

He said that it has contributed to the attraction of foreign investors and hotel chains, and the different members of the tourism value chain.

The banking executive said this during the cocktail party “Tribute to the Dominicanidad”, which Banreservas held jointly with the Ministry of Tourism, within the framework of the 44th edition of the International Tourism Fair.

The activity, held at the Zarzuela Hippodrome, was attended by the Minister of Tourism of the Dominican Republic, David Collado; David Llibre, president of the Association of Hotels and Tourism of the Dominican Republic (Asonahonres), senior executives of hotel chains, investors, tour operators, among others.

Source: Arecoa.com

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