Best Bank − Dominican Republic: Banco Popular

Nov 1, 2008

Welcome to the Top 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 Republic’s banking industry and the country’s volatility could affect ratings in the future.

As of August 31, Popular...

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