LatinFinance - March/April 2014 - 67

BanReservas

The Bank of the Dominican People
Profitability - US$119MM year over year increase (113%
growth). This accounted for 90% of the profit growth in the
entire banking sector. The ability to achieve these results
was made possible by a 28% increase in net interest margin.
Return on equity - (ROE) showed a 15% improvement,
increasing from 14% in December 2012 to 30% in
December 2013.
Return on assets - (ROA) improved to 1.9% from 1.5% in
2012.
Deposits - with a yearly increase of 21%, the bank
established itself as industry leader, closing the year with
US$5,751MM and 32% of the market in total deposits.

Enrique A. Ramírez Paniagua
CEO, BanReservas

With a great track record, BanReservas remains profoundly
committed to the development of the Dominican Republic
and the future of its citizens. As the bank reaches its 72nd
anniversary, BanReservas exemplifies the bank of the
Dominican people, and continues to support the
aspirations of its clients.
BanReservas is committed to promoting economic
development, by offering a comprehensive array of
financial services, combined with a socially responsible
agenda. To achieve this, BanReservas has invested in a
long-term development plan focused in providing a new
level of customer service experience, while confirming
its position as the market leader in the national banking
sector.
As the largest financial institution in the country, last
year's outstanding performance had a direct positive
impact, improving the growth of the national economy
and setting the pace in the following key metrics:
Assets - BanReservas closed the year with US$7,193MM
in Assets, representing a 25% increase compared to 2012
and accounting for half of the asset growth in the
domestic banking sector.
Loan portfolio - The bank showed 38% increase
compared to December 2012, reaching a total of
US$4,579MM, increasing its participation to 35%,
leading the market.

Accountability - with a strong financial performance,
coupled with a firm fiscal policy, BanReservas produced
a significant improvement in its efficiency index, which
translated into a decrease in operational management cost,
from 81% to 69%.
As a bank with a strong philosophy and social commitment
since its inception, BanReservas provides ongoing
contributions fostering Dominican Republic's economic
development. Moreover, the bank proudly invests in cultural,
athletic, educational, and environmental programs,
including the promotion of literature and reading, as it is
the largest financier of Dominican literary work. Additionally,
BanReservas has invested to support and develop micro,
small, and mid-size enterprises (SMEs).
As part of the bank's public service initiatives, BanReservas
supports the largest recycling program targeting the Ozama
river, which is at the heart of the country's capital.
Additionally, BanReservas sponsors educational short films
encouraging environmental consciousness, some of which
have earned international recognition. These initiatives
support BanReservas' commitment to the Dominican
Republic's future, confirming its place as the bank of the
Dominican people.
LatinFinance - March/April 2014

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