AWARDS: Bank of the Year Caribbean & Bank of the Year Dominican Republic

AWARDS: Bank of the Year Caribbean & Bank of the Year Dominican Republic

Corporate & Sovereign Strategy Dominican Republic

After Enrique Ramírez became chief executive of BanReservas in the Dominican Republic in 2013, the bank made strengthening its capital structure a top priority. As a result, between August 2014 and March 2016, BanReservas nearly tripled its paid-in capital to $220 million, from $77 million, and increased its tier-one capital by 44%, to $500 million. The state-owned bank also changed the profile of its loan portfolio, revealing a more business-oriented approach. Private-sector loans, which accounted for 30% of BanReservas’ loan book in December 2012, rose to 81% in June this year, as the bank kept its top spot as the largest lender in the Dominican Republic. BanReservas held a 34.4% market s

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