According to elDinero, 35% of the mortgage portfolio of Dominican lender APAP consists of loans to Dominicans residing abroad, and the portfolio exceeds RD$66 billion.
According to elDinero, 35% of the mortgage portfolio of the Asociación Popular de Ahorros y Préstamos (APAP) corresponds to financing granted to Dominicans living abroad. The figure was given by APAP's chief executive, Gustavo Ariza, at the real estate fair of the Dominican Association of Home Builders and Developers (Acoprovi), held in Madrid with the support of the Ministry of Housing, Habitat and Buildings. Ariza said APAP is the third-largest financial institution in the Dominican Republic by mortgage portfolio and the largest among savings and loan associations, with a portfolio exceeding RD$66 billion (RD$66,000 million). The fair's opening ceremony was attended by President Luis Abinader and the Minister of Housing, Habitat and Buildings, Jean Luis Rodríguez, among others. The executive described the digitalization of the mortgage process as one of the bank's strategic pillars, aimed at making its products easier to access through faster procedures. He also stressed the importance of cooperation between developers, investors, financial institutions and government bodies, and said APAP intends to keep increasing financing volumes for the segment of Dominicans abroad. The report concerns the lender's overall portfolio structure and does not describe specific loan terms. Anyone considering a purchase should check current conditions directly with the lender.