In 2024, BDT achieves a higher increase in the bank's loan portfolio

Published at: 22/01/2025 05:39 PM

In 2024, the Workers' Digital Bank (BDT) showed strong progress in its loan portfolio, allowing it to close the year as the bank with the highest growth in financial intermediation in the entire system, according to the analysis of figures by the consulting firm Aristimuño Herrera & Asociados.

In December, the state entity showed an intermediation of 59.84%, higher than the average of the banking system, which is the result of an increase of 30.4 percentage points compared to the same month in 2023. The variation far exceeded the system's average increase of 8.02 points.

These results were driven by an annualized increase of 351.1% in the loan portfolio (the second highest variation in the system), which culminated in 6,827 million bolivars, an amount that represents 5.4% of the market share and gives it sixth place in the overall ranking (two places higher than a year ago).

The dollar equivalent of loans was 131.2 million, 212 percent more than at the end of 2023, while BDT's default rate ended 2024 at 0.97 percent and was below the system average of 1.16 percent.

According to figures from the consulting firm Aristimuño Herrera & Asociados, BDT's loan portfolio contributed 23.4% of its total revenues (9 percentage points higher than at the end of 2023), while other operating revenues (services) accounted for 67.7% of the total.

The BDT also registered a significant increase in public funding, which rose, at the end of December, to 11,409.5 million bolivars, an annualized growth of 122%. In dollars, the amount is equivalent to 219.3 million, 53.4% above the close of 2023.

Current accounts were the ones that gave it the biggest boost, growing 143% in the last year. In addition, they went from representing 89% of total deposits to 97.8%.

This result places it as the seventh largest bank in the country, in the asset and asset categories, with market shares of 2.6% and 3.5%, respectively.

Mazo News Team