Savings in the Dominican Republic reach RD$3.5 trillion and grow 15.9% in one year

Santo Domingo, Dominican Republic — Deposits in the Dominican financial system reached RD$3.5 trillion as of June 2026, after rising by RD$480,807 million in one year, a year-on-year increase of 15.9%, according to a report by the Superintendency of Banks (SB).

The document, titled “Trends in Savings in the Dominican Republic: A Perspective from Financial System Deposits,” was published to mark World Savings Day, observed on October 31. According to the SB, the results reflect the strengthening of formal savings and the confidence of households and other economic agents in financial institutions.

According to the report, 89.4% of financial institutions’ total liabilities come from public deposits, three percentage points above the 86.4% recorded in the same period a year earlier. Those resources are the banking sector’s main source of funding to channel loans and drive investment, jobs and new businesses.

Time deposits kept the largest share of deposits, growing 16.5% year on year, equivalent to RD$241,611 million more, although their pace of expansion slowed by 3.1 percentage points from the previous year. Savings account balances rose 14.1% and checking accounts 17.9%.

By type of institution, multiple banks accounted for 88.8% of deposits, followed by savings and loan associations, with 9%, and savings and credit banks, with 1.8%. By region, the South led year-on-year growth, with 22.9%, followed by the Metropolitan region, with 17.5%.

In foreign currency, deposits represented 29.7% of the system’s total. Dollar deposits reached US$17,515 million, up 17.5% year on year, while euro deposits totaled 248 million, up 5.1%. The report also shows a gender gap: the average savings account balance was RD$122,139 for women and RD$176,207 for men, a difference of RD$54,068.

Photo: Archivo A Lo Claro

Source: 7días