Banreservas disbursement plus RD$10,403 million for hotel sector 2023

Pereyra reveals that the active portfolio for tourism exceeds RD$40,000 million

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

The bank’s general manager, Samuel Pereyra, explained that thanks to the bank’s work for the benefit of tourism, financing approvals were also obtained for US$118.95 million for development, remodeling and working capital for various projects.

Pereyra added that they are currently evaluating operations in excess of 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 manner 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 all this 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 in this capital in conjunction with the Ministry of Tourism, as part of the 44th edition of the International Tourism Fair (FITUR).

The event, 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 and members of the press.