Banco Popular assets rose 23 percent in 2007

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SANTO DOMINGO.- The Banco Popular told its shareholders that to December 31 its assets rose RD$24.7 billion, or 23 percent. Popular bank president Manuel Grullón said assets increased to RD$132 billion, compared with RD$107.7 billion in 2006. He said the growth resulted from the macroeconomic stability, a prudent monetary policy aimed at maintaining a stable exchange rate and prices in the economy. Grullón said the loan portfolio rose to RD$74 billion in the same period, or RD$19 billion more than the same 2006 period, of RD$55 billion, a growth of around 34 percent.