It is a measure of the confidence generated by President Leonel Fernández that recent news of multi-million dollar losses at one of the country’s banks caused barely a ripple in the country’s financial system.

The owners of Banco del Progreso have sacked and sued the executive they judge responsible and injected more than $300m to plug a hole in the accounts, acting so quickly that public faith in the country’s fourth biggest bank has been unaffected.