The Banco de Reservas inaugurated Expo Fomenta Pymes 2023, to be held from March 15 to May 15, where they present facilities and benefits for small and medium-sized companies with commercial loans, with a fixed rate from 12.95% and fixed terms from six months to two years.
“This is an extremely attractive rate, which, together with the extremely advantageous opportunities and offers that Expo Fomenta Pymes brings this year, places Banco de Reservas at the forefront of financial support for entrepreneurs, small and medium-sized Dominican entrepreneurs,” said Samuel Pereyra, general administrator of Banreservas.
He explained that this financial entity has more than one hundred thousand SME clients throughout the national territory; and it has a deposit portfolio of RD$70,000 million, with which it occupies the first place in market participation in this line, with 31.3% of the total. The credit portfolio for this sector exceeds RD$64 billion, equivalent to 26.5% of the market.
The Minister of Industry and Commerce and MSMEs, Ito Bisonó, also spoke at the activity, who stressed that, as regards MSMEs that have been characterized by limited access to the formal financial system, “we have made progress in the implementation of different initiatives that promote the financial inclusion of these productive units”.
He added that among these advances is “the implementation of the Electronic System of Movable Guarantees, which strengthens the national guarantee system and allows companies to access financing in a more flexible way.”
trade show incentives
Ysidro García, deputy business manager of Reservas announced that, as an incentive, the bank is offering two prizes of RD$250,000.00 this year, one of which will be awarded to a female SME; as well as two winners will be selected for the first year of the policy fee for commercial vehicle and commercial premises.
During the two months of the fair, special offers will be offered in allied businesses and financial education workshops, under the Preserva Program for SMEs; as well as talks on topics of great interest to SMEs, which will be given by representatives of Visa and MasterCard.
In the sixth edition of Expo Fomenta Pymes Banreservas, a digital experience will be maintained, through financing requests through the web portal fomentapymes.banreservas.com/expofomentapymes and via WhatsApp 809-960-2120.
In the past editions of Expo Fomenta Pymes 2021 and 2022, a placement of more than RD$13,000 million was achieved, and support for projects of more than seven thousand SMEs, with extensive offers, special rates and conditions for commercial financing, as well as benefits and discounts in different business categories.
The inauguration of the fair took place in the Kennedy room of the Intercontinental Hotel, with the assistance of representatives of micro, small and medium-sized companies, as well as Banreservas executives.