November 1, 2011
The Dominican Republics largest private bank is on track to return to its pre-crisis performance levels, having weathered the global downturn buoyed by a reputation as a safe haven in the local market.
In spite of the fact that the world economy has gone through one of its weakest moments, Banco Popular has been able to maintain its growth in market participation and profitability.
Banco Popular posted a ROAA of 2.3% in June 2011, up from 2.25% a year earlier. The figure placed Popular well ahead of the markets 2.07% ROAA for the period and near its four-year average of 2.32%, Fitch notes.
Populars ROAE through June 2011 was 26.51%, versus a 21.22% market average for
The Dominican Republic - Best Bank – Banco Popular