Best Bank − Dominican Republic: Banco Popular
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Banco Popular Dominicano is beating its peers in the Dominican Republic in terms of market share by assets, surpassing even the government-backed Banco de Reservas, the previous leader. And although the economy of the Dominican Republic is seeing signs of deceleration, Popular’s non performing loans (NPLs) are at a minimum when compared to those seen in other banks operating in the country. Popular is also seeing a rise in deposits, ROA and ROE.
[Popular] has demonstrated a solid performance even in times of high volatility in its country. Its conservative risk culture has resulted in an asset quality that is superior to the average in the [local] system, says Fitch, which on July 25 gave the bank a long-term rating of AA-. However, the agency also says that fierce competition in the Dominican Republics banking industry and the countrys volatility could affect ratings in the future.
As of August 31, Popular...
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