November 7, 2017 |
Banreservas, already the largest bank in the Dominican Republic, has put more distance between itself and its peers.
It finished September with 454 billion Dominican pesos ($9.61 billion) in assets, equal to 33.8% of assets in the country’s banking sector. It also increased deposits and loans, which allowed it to post 5.02 billion pesos in EBITDA and 4.88 billion pesos in net income through the first nine months of 2017.
Banreservas’ dominance in its home market and its sizeable presence in the region make it again the choice for Bank of the Year in the Caribbean and the Dominican Republic.
Since 2013, the bank has focused on providing loans to private sector clients in key sectors of the
Dominican Republic’s largest lender widens the gap with its competitors, as it keeps its focus on private-sector borrowers.