Dominican financial system records historic growth in savings deposits
The financial landscape of the Dominican Republic has undergone a significant transformation in the last decade. According to a recent analysis by the Association of Multiple Banks (ABA), the national financial system has achieved extraordinary growth, with an increase in deposits of RD$2.76 trillion, which represents a 240% increase over an eleven-year period.
According to the analyzed statistics, public deposits went from RD$1.15 trillion in 2015 to RD$3.91 trillion today. This progress reflects a sustained expansion of financial intermediation and a strengthened capacity to channel resources toward productive sectors, households, and investment projects.
The Dominican financial system has significantly deepened its reach. National savings channeled through the system grew at a rate higher than inflation, expanding the availability of resources to finance households, businesses, and productive projects.
Association of Multiple Banks (ABA)
Changes in market leadership
The analysis highlights a reconfiguration in the distribution of funds among the different entities of the system:
- Multiple Banking: Consolidates its leadership with a 292% growth, going from RD$638,383 million to RD$2.5 trillion, reaching a market share of 63.5%.
- Investment Fund Management Companies (SAFI): Have led the fastest growth, with an expansion of over 8,000%, positioning themselves as the third largest collector in the system with 11.77% of the total.
- Cooperatives: Although they maintain a collection volume of RD$606,448 million, their relative weight within the system has varied, currently representing 16% of the total.
Trends in saver behavior
The way Dominicans manage their savings has also evolved. After the turning point marked by the pandemic in 2020, where savings grew significantly due to the accumulation of liquidity and the contraction of consumption, the market has shown a change in strategy towards higher-yield instruments.
Since 2023, a marked migration toward time deposits has been observed. These instruments, which represented 37% of the total in 2022, climbed to 48% in 2025. This behavior is attributed by the ABA to the search for more attractive passive rates, demonstrating that savers today prioritize both the security of their funds and the attainment of competitive returns.
