APAP Portfolio Grows 77% in Northern Region
- SANTIAGO, Dominican republic – The Popular Savings and Loan Association (APAP) experienced substantial growth in its commercial portfolio within the northern region, increasing by 77% to reach 3.016...
- The organization's portfolio dedicated to small and medium-sized enterprises (PyME) doubled compared to the previous year, totaling 1.513 billion pesos.
- Captures in the northern region also saw a significant rise, with an increase of 37%.
APAP Sees Significant Growth in Northern Region Portfolio
Table of Contents
- APAP Sees Significant Growth in Northern Region Portfolio
- APAP: Key Financial Performance in 2024
- What is APAP?
- What were APAP’s key financial achievements in 2024, according to the data?
- What is the significance of APAP’s ranking within the Dominican republic’s financial system?
- How did APAP’s northern region portfolio perform in 2024?
- What is the breakdown of the mortgage portfolio in the northern region?
- What is APAP’s delinquency rate, and how does it compare?
- What is the significance of APAP’s proactive risk management?
- Could you provide a summary of the key financial data in a table?
- What does this performance indicate about APAP’s overall health?
SANTIAGO, Dominican republic – The Popular Savings and Loan Association (APAP) experienced substantial growth in its commercial portfolio within the northern region, increasing by 77% to reach 3.016 billion pesos by the close of 2024.
PyME Portfolio Doubles
The organization’s portfolio dedicated to small and medium-sized enterprises (PyME) doubled compared to the previous year, totaling 1.513 billion pesos.
Overall Growth in Captures
Captures in the northern region also saw a significant rise, with an increase of 37%.
Mortgage Portfolio Expansion
During a presentation of institutional results to the media in Santiago, APAP Executive President Gustavo Ariza highlighted the growth in the mortgage portfolio. “The mortgage portfolio in this region increased by 13%, for a total of 4.376 billion pesos,” Ariza stated.
Of the 1.103 billion pesos disbursed in mortgage loans, 44% were attributed to women as the primary debtor.
“The northern region presented a growth of 17% of the total active client base,” Ariza added.
APAP’s Overall Performance
At a general level, APAP reported a 9% growth in total assets, reaching 176.327 billion pesos by the end of 2024.This performance maintains APAP’s leading position within the mutualist sector and ranks it fifth among all entities in the Dominican Republic’s financial system.
Credit Portfolio and Delinquency Management
The credit portfolio closed at 105.251 billion pesos, representing 60% of total assets and contributing 84% of the growth during the period. APAP’s delinquency rate stood at 1.29%, positioning it as the second entity with the best delinquency management.
Ariza noted the institution’s proactive risk management.”The levels of provisions constituted by the risk of the defeated portfolio of credits greater than 90 days reached 224.45 %, a reflection of an early management of the risk that has allowed to sustain the stability of the portfolio,” he said.
APAP: Key Financial Performance in 2024
What is APAP?
APAP stands for the popular Savings and Loan Association (Asociación Popular de Ahorros y Préstamos),a financial institution operating in the Dominican Republic.
What were APAP’s key financial achievements in 2024, according to the data?
APAP demonstrated strong financial performance in 2024. Here are some of the highlights presented in the provided information:
Overall asset Growth: APAP reported a 9% growth in total assets, reaching RD$176.327 billion by the end of 2024.
Credit portfolio: The credit portfolio closed at RD$105.251 billion, contributing 84% of the growth during the period.
Delinquency Rate: APAP’s delinquency rate stood at 1.29%, ranking it as the second-best in the financial system for delinquency management.
Provisions: The institution maintained a high level of provisions, reaching 224.45% for the risk of credits exceeding 90 days.
Northern Region: Substantial growth was seen in APAP’s commercial portfolio within the northern region, with an increase of 77%.
What is the significance of APAP’s ranking within the Dominican republic’s financial system?
APAP’s overall performance keeps it in a leading position within the mutualist sector and places it fifth among all entities in the Dominican Republic’s financial system. This ranking underscores its stability and importance in the financial landscape.
How did APAP’s northern region portfolio perform in 2024?
The northern region showed remarkable performance:
Commercial Portfolio Growth: A meaningful increase of 77% was observed, reaching RD$3.016 billion.
PyME Portfolio: The portfolio dedicated to small and medium-sized enterprises (PyME) doubled compared to the previous year, totaling RD$1.513 billion.
Mortgage Portfolio: Increased by 13%,totaling RD$4.376 billion.
Growth in Captures: A 37% rise in captures occurred in the northern region.
Active Client Base Growth: The northern region presented a 17% growth in the total active client base.
What is the breakdown of the mortgage portfolio in the northern region?
The mortgage portfolio in the northern region increased by 13% reaching a total of RD$4.376 billion. Furthermore,of the total RD$1.103 billion disbursed in mortgage loans, 44% were attributed to women as the primary debtors.
What is APAP’s delinquency rate, and how does it compare?
APAP’s delinquency rate was 1.29%. This places APAP as the second entity with the best delinquency management. This demonstrates the effectiveness of APAP’s credit risk management practices.
What is the significance of APAP’s proactive risk management?
APAP’s proactive risk management is reflected in the high levels of provisions. The provisions constituted by the risk of defeated credits greater than 90 days reached 224.45%. This early management of risk has allowed APAP to maintain the stability of its portfolio.
Could you provide a summary of the key financial data in a table?
Certainly! Here’s a concise summary of APAP’s 2024 performance metrics, presented in an easy-to-read table format:
| Metric | Value (in billions of Dominican Pesos) | Percentage change/Other |
|---|---|---|
| Total Assets | 176.327 | 9% growth |
| Credit Portfolio | 105.251 | 60% of total Assets, 84% Growth Contribution |
| Delinquency Rate | – | 1.29% |
| Commercial Portfolio (Northern Region) | 3.016 | 77% growth |
| PyME Portfolio | 1.513 | Doubled |
| Mortgage Portfolio (Northern Region) | 4.376 | 13% growth |
| Captures (Northern Region) | – | 37% increase |
| Active Client Base (Northern Region) | – | 17% growth |
What does this performance indicate about APAP’s overall health?
This performance indicates a vrey healthy financial situation for APAP. The growth in assets, the prosperous credit portfolio management reflected in the low delinquency rates, and the proactive risk management all contribute to a stable and robust financial standing. Also, the significant growth in the Northern Region shows that APAP is expanding its reach and strengthening its position within the Dominican Republic’s financial system.