Banco Digital de los Trabajadores increased its loan portfolio in dollars by 615%

Published at: 24/07/2024 01:39 PM

The Bicentennial Bank, now Banco Digital de los Trabajadores, (BDT) increased its loan portfolio in dollars by 615% and outperformed the market average in intermediation.

The loan portfolio ended the first semester with an amount of 3,727.6 million bolivars, equivalent to US $102.3 million, at the official exchange rate.

This figure represented an annual growth of 830.1% in bolivars and 615% in dollars, so that both increases were well above the Venezuelan banking average of 153.8% and 95.1%, respectively.

The increase in the credit activity of the financial institution allowed it to rank sixth in this ranking from position 12 in June 2023 and its market share rose to 5.1% from 1.4% 12 months ago.

These numbers allowed him to finish the first semester, with a financial intermediation index of 45.9%, higher than the 38.9% recorded by the banking system.

It should be noted that the delinquency rate of the now BDT improved significantly, from 1.28% to 0.59% in annual terms.

Likewise, this institution rose one position in the ranking of total assets, to be in seventh position in the ranking and increased its market share from 2.8% to 3.9%, in the last 12 months.

It remains the seventh bank in terms of public funding, but its market share has improved, from 3.7% to 4.3%, in the last year.

The solvency ratio of this entity, which stood at 20.2%, is above the minimum allowed by the authorities of 9%.

Mazo News Team/BDT