Bank of the Year Dominican Republic

Bank of the Year Dominican Republic

Corporate & Sovereign Strategy Bonds

Banco de Reservas cemented its status as largest bank in the Dominican Republic over the past year, improving market participation in both retail and commercial businesses. It is the country’s biggest commercial lender, with a 39.6% market share. It increased returns, with net profits of 6.758 billion Dominican pesos ($149 million), a growth of 10.7%. The bank’s return on equity grew 9.2% year on year while its pool of assets grew 13.1% to reach 365 billion pesos. The efforts paid off, with agency Feller Rate lifting Banco de Reservas’ local long-term ratings to AA from AA- in September. The upgrade rewards the bank’s increasingly solid credit fundamentals, resulting from a strategic ch

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