Banco Agrícola De la República Dominicana

What Banco Agrícola De la República Dominicana does

Banco Agrícola de la República Dominicana is a state-owned, autonomous, and decentralized financial institution established by Law No. 908 on June 1, 1945 and currently governed by Law No. 6186 of Agricultural Development. It is the second state bank created in the Dominican Republic and the only one exclusively dedicated to agricultural and rural financing. The bank provides a unified portfolio of credit products — Préstamos (agricultural and general-purpose loans covering up to 80% of project cost with terms up to 10-120 months), Factoring (invoice financing up to 80% of presented invoices), and Pignoración (harvest-collateralized loans) — alongside deposit products including Ahorros (savings accounts) and Certificados Financieros (long-term certificates yielding 3.10%-4.75%). Two specialized programs address structural sector priorities: BagriRiego, in partnership with the Dirección de Tecnificación Nacional de Riego, finances irrigation modernization at 8% annual interest, while Campo Joven, with the Ministerio de la Juventud, provides 0% interest financing to rural youth aged 18-35.

The bank distributes these products through 32 branches and 55 service points across all Dominican provinces, organized into 5 Regional Directorates, complemented by a Banca en Línea online platform and Móvil Banking Bagricola mobile application on iOS and Android. Its technology stack is a standard digital banking platform with an executive-board-approved Digital Channels Policy, focused on transactional services rather than AI-driven capabilities. The institution holds ISO 9001, ISO 37001, and ISO 37301 certifications as part of its Integrated Management System.

Its business model is fundamentally policy-driven rather than profit-maximizing. The bank is the central execution arm of Dominican agricultural policy, formalized through institutional agreements with the Ministerio de Agricultura, INABIE, FEDA, IAD, CEA, CEED, and Nestlé Dominicana, plus a development finance relationship with BID and an active cooperation agreement with JICA. Revenue derives primarily from net interest income on its RD$56 billion loan portfolio, supplemented by fees from factoring, financial certificates, and ancillary services (rental registration, judicial guarantees, consular letters, property sales, bill payment). Fernando Durán serves as Administrador General, with an Executive Board serving as the supreme decision-making body.

Name

Banco Agrícola De la República Dominicana

Legal name

Banco Agrícola de la República Dominicana

Website

https://bancoagricola.gob.do

Company type

Private

Founded year

1945

Operating status

Operating

Short description

State-owned agricultural bank in the Dominican Republic, founded 1945 under Law No. 908, providing credit (loans, factoring, pignoración), savings, financial certificates, and specialized programs to agricultural producers, livestock farmers, rural microenterprises, and youth through 32 branches and digital channels.

Ownership category

akta.pro rank

Product category

Agricultural Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022), National Commercial Banks (6021)

akta.pro primary industry

Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks) (FSABAEAG)

akta.pro secondary industries

SME Trade Finance & Working Capital (LCs, Guarantees, Receivables) (FSABABAF), SBA/Government-Backed & Development Finance Loans (FSAKAGAI), SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB)

Keywords

• Agricultural lending
• Rural financing
• Savings accounts
• Agricultural credit
• Financial certificates

Headquarters

HQ city

Santo Domingo

HQ country

Dominican Republic

HQ region

Latin America

Offices33 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Agricultural Credit (Préstamos): The primary revenue stream from providing loans to agricultural producers, livestock farmers, and rural microenterprises. Loans are offered at competitive interest rates with coverage up to 80% of project costs and repayment terms up to 10 years.
2. Savings Deposits (Ahorros): Savings accounts generating interest expense while providing stable funding for lending operations. Deposits earn competitive interest rates.
3. Financial Certificates (Certificados Financieros): Long-term investment instruments with attractive interest rates between 3.10% to 4.75%, with terms over 360 days and automatic renewal options. These certificates serve as funding sources and generate fee income.
4. Factoring: Accounts receivable financing service where clients pledge or transfer rights to commercial invoices. Provides immediate financing up to 80% of presented invoices with interest payments at competitive rates.
5. Pignoración (Collateral Loans): Secured lending where harvest serves as collateral while remaining in the producer's warehouses. Coverage up to 80% of project cost with attractive rates.
6. Service Fees: Various service fees including rental registrations, judicial guarantees, consular letters, property sales, and payment services.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Banco Agrícola de la República Dominicana is a state-owned, autonomous and decentralized financial institution that provides specialized credit, savings, and ancillary services to agricultural producers, livestock farmers, rural microenterprises, and manufacturing industries in the Dominican Republic. Its core offerings include agricultural and general loans (Préstamos), invoice factoring, pledge-based lending (Pignoraciión), savings accounts, and financial certificates, supplemented by specialized programs such as BagriRiego (irrigation modernization) and Campo Joven (youth agricultural financing) and services such as technical advisory, rental contract registration, judicial guarantees, consular letters, and property sales.

Product overview

Banco Agrícola de la República Dominicana operates as a state financial institution (autonomous and decentralized per Law No. 908 of 1945) offering a unified portfolio of specialized agricultural and general banking products and services. The core offering centers on credit products — Préstamos (agricultural and general loans), Factoring, and Pignoración (pledge loans) — alongside deposit products (Ahorros savings accounts and Certificados Financieros financial certificates). The portfolio extends to specialized programs including BagriRiego (irrigation modernization) and Campo Joven (youth agricultural financing), complemented by utility services such as rental contract registration, judicial guarantees, consular letters, and property sales. Digital channels include Banca en Línea (online banking) and Móvil Banking Bagricola (mobile app available on iOS and Android). The institution also provides technical advisory services and supports livestock, agricultural, and broader economic development projects. The product ecosystem is delivered through a national network of branches and service points, with 32 active branches across all provinces.

Differentiator

Problem solved

Functional benefit

Brands

• BagriRiego: Agricultural irrigation modernization program in partnership with the Dirección de Tecnificación Nacional de Riego (TNR), offering financing at 8% annual interest with up to 5-year terms and technical training for producers.
• Campo Joven

Products and services

• Préstamos (Agricultural and General Loans) Agricultural and general-purpose loans financing projects at the lowest market interest rate, covering up to 80% of project cost with repayment terms up to 10 years (120 months). Designed for agricultural producers, livestock farmers, and rural microenterprises.
• Factoring (Invoice Factoring)
• Pignoraciión (Pledge/Harvest Collateral Loans) Secured lending product where clients pledge their harvest as collateral to obtain liquidity while retaining the stored product in their own warehouses. Coverage up to 80% of project cost at attractive rates. Targets agricultural producers with stored harvests.
• Ahorros (Savings Accounts) Savings accounts offering competitive interest rates with low minimum opening and required balances, and the ability to use the savings balance as collateral for obtaining loans. Designed for individual clients, agricultural producers, and rural microenterprises.
• Certificados Financieros (Financial Certificates) Long-term investment certificates offering interest rates between 3.10% and 4.75%, with maturities over 360 days and automatic renewal at no additional cost. Can be used as collateral for obtaining loans. Targets individual and institutional investors.
• BagriRiego (Irrigation Modernization Financing Program) Specialized financing program for modernizing and technifying agricultural irrigation systems, developed with the National Irrigation Technification Direction (TNR). Offers 8% annual interest, terms up to 5 years, and bundled technical training and supervision. Targets agricultural producers adopting drip and sprinkler irrigation.
• Campo Joven (Youth Agricultural Financing Program) Inter-institutional youth agricultural program in partnership with the Ministry of Youth, offering zero-interest financing (TASA 0%) of RD$600,000 to RD$1,000,000 per beneficiary, terms up to 5 years, plus agricultural scholarships and international exchange programs. Targets young people aged 18-35 in rural areas.
• Asesoría Técnica (Technical Advisory Service) Technical advisory and consulting service provided by specialized agricultural technicians to help clients define, plan, and execute their agricultural and livestock projects. Bundled into the lending process.
• Registro de Contrato de Alquileres (Rental Contract Registration) Rental contract registration service for landlords and tenants, including deposit management, payment certification, and eviction facilitation in cases of non-payment. Available across the bank's branch and service-point network.
• Garantía Judicial (Judicial Guarantee Service) Judicial guarantee service for opening economic guarantee certificates for bail payments, accepted through cash deposits, securities, or pledges authorized by the Attorney General. Provided free of charge.
• Cartas Consulares (Consular Letters) Consular letter service for savings clients needing documentation for visa applications at embassies or consulates, processed within 30 minutes. Provided free of charge at all branches.
• Inmuebles en Venta (Real Estate Sales) Real estate sales service offering bank-owned properties across Dominican provinces at competitive prices, typically acquired through loan recovery proceedings.
• Pago de Servicios (Bill Payment Service) Bill payment service, including Claro Dominican telephone services, available at all bank branches.

Quantifiable outcome

• Loan portfolio of RD$56 billion supporting agricultural producers
• +5 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and major.

• Ministerio de Agricultura de República DominicanacoreStrategic or Co-development Partner · 1 January 2021Strategic institutional agreement for factoring operations between the Ministry of Agriculture and Banco Agrícola. The partnership enables agricultural producers to access factoring services through government-backed financing arrangements. Resolution No. 0006-1790 authorized the factoring operation between the Ministry of Agriculture and the bank.
• Instituto Nacional de Bienestar Estudiantil (INABIE)coreStrategic or Co-development Partner · 1 January 2021Institutional agreement for school feeding programs, connecting agricultural producers with the national school nutrition initiative. Resolution No. 0001-1778 ratifies the institutional agreement between INABIE and Banco Agrícola.
• Nestlé Dominicana, S.A.coreStrategic or Co-development Partner · 1 January 2021Institutional agreement between Nestlé Dominican Republic and Banco Agrícola for agricultural development initiatives. Resolution No. 0002-1778 ratifies the agreement for cooperation in agricultural sector development.
• Consejo Nacional de Azúcar (CEA)majorStrategic or Co-development Partner · 1 January 2021Inter-institutional cooperation agreement between CEA and Banco Agrícola for sugar sector development and related agricultural activities. Resolution No. 0002-1771 ratifies the agreement.
• Comedores Económicos del Estado (CEED)majorStrategic or Co-development Partner · 1 January 2021Institutional agreement between CEED and Banco Agrícola for food security and economic feeding programs. Resolution No. 0005-1790 ratifies the institutional agreement.
• Fondo de Desarrollo Agropecuario (FEDA)coreStrategic or Co-development Partner · 1 January 2020Collaboration agreement between FEDA and Banco Agrícola for agricultural development projects. Resolution No. 0005-1767 ratifies the inter-institutional collaboration agreement.
• Instituto Agrario Dominicano (IAD)coreStrategic or Co-development Partner · 1 January 2020Collaboration agreement between IAD and Banco Agrícola for agrarian reform and rural development. Resolution No. 0004-1767 ratifies the inter-institutional collaboration agreement.
• Dirección de Tecnificación Nacional de Riego (TNR)coreStrategic or Co-development PartnerStrategic alliance between TNR and Banco Agrícola for the BagriRiego program, which modernizes and technifies irrigation systems in the national agricultural sector. TNR provides technical expertise and supervision while the bank provides financing at 8% annual interest with terms up to 5 years. This initiative promotes agricultural sustainability through efficient water use and climate resilience.
• Ministerio de la Juventud (MJ)coreStrategic or Co-development PartnerJoint program between the Ministry of Youth and Banco Agrícola for the Campo Joven initiative, promoting generational succession in agriculture. The program offers zero-interest financing (TASA 0%) for young farmers aged 18-35, with amounts from RD$600,000 to RD$1,000,000, terms up to 5 years, plus agricultural scholarships and international exchange programs.
• JICA (Japan International Cooperation Agency)majorStrategic or Co-development PartnerPartnership between Banco Agrícola and JICA to present proposals for strengthening the national rice sector. JICA provides technical cooperation and development financing expertise to enhance rice production and agricultural productivity in the Dominican Republic.

Scale indicators7 records

Recent moves12 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/bagricolaRD
• Facebookfacebook.com/bancoagricolard
• Instagraminstagram.com/bagricolard
• YouTubeyoutube.com/channel/UCzJGqQKD4XQp-ej6WwGpqXg
• LinkedInlinkedin.com/company/bancoagricoladominicano

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banco Agrícola De la República Dominicana