Superintendencia de Bancos launches loan interest rate comparison tool

The Superintendencia de Bancos (SB) has introduced a new tool within its Simbad statistical platform to allow users to consult and compare interest rates for new loans disbursed by financial institutions in the Dominican Republic.

The tool enables filtering by financial entity, type of credit, term, amount, currency, and economic sector. Additionally, the platform has updated its credit card cost index using a new methodology to improve cost comparisons across the market.

Other updates to the Simbad platform include the Financial Conditions Index (ICF), which tracks the evolution of national financial conditions in relation to economic activity, as well as improved navigation, interactive indicators, and visualizations for metrics such as profitability and financial inclusion.