The general manager of Banreservas, Samuel Pereyra, received the “Best Bank in the Dominican Republic” award, granted by the prestigious international magazine Euromoney.
During the ceremony held in London, different international banking institutions were awarded for their achievements in different categories.
In the case of Banreservas, the publication significantly valued the size of the entity, its profitability and superior performance compared to its peers, and the ability to adapt to constant changes in the market, and to the particular needs of each client.
Euromoney attributed special importance to the comparative figures reached by Banreservas in relation to other Dominican banks and evaluated aspects such as: market capitalization, total income and profit before taxes, as well as net income, among others.
It also assessed the ROA/ROE ratios, which measure the net interest margin and the cost-income ratio; as well as the market share of deposits and loans, the loan-to-deposit ratio, the delinquency rate and the delinquent loan coverage ratio.
The international magazine also evaluated the demonstrable capacity of Banreservas regarding the fulfillment of its strategic objectives, highlighting its differentiation from competitors in the launch of new products that have allowed it to achieve better risk management and face the challenging and evolving conditions of the market. market.
The digital banking strategy and its focus on cybersecurity and corporate social responsibility were also part of the standards achieved by Banreservas in the face of the Euromoney valuations, which during the evaluations allowed each participating bank to tell the story of its achievements, innovations and performance over the years. over the last 12 months.