LatinFinance - November/December 2014 - 51

comes from foreign exchange, guarantees,
and transfer service fees, as well as credit
and debit card commissions.
Keeping high efficiency levels and
low administrative costs helps maintain
profitability and capital. That doesn't come
at the cost of cutting customer service,
however. The bank continues to maintain
the largest branch and ATM network in the
Central American country. LF

BANK OF THE YEAR CARIBBEAN
BANK OF THE YEAR DOMINICAN
REPUBLIC

BANCO POPULAR
DOMINICANO

A shift to businesses,
without forgetting the
bank's traditional strengths
in consumer, is bringing
success
For years, Banco Popular Dominicano has
found growth in expanding in consumer

banking. But that's changed, says Luis
E. Espinola, executive vice president for
international and private banking.
The biggest opportunities are
increasingly to be found in small businesses
and corporate banking, and that's where
Banco Popular Dominicano has begun to
seize more opportunities, Espinola says.
A better economy, marked by a stable
currency, low inflation and healthy GDP
growth, has aided opportunities in this
area, he says.
Agricultural and artisan entrepreneurs
have become more established and
have started exporting to neighboring
Caribbean nations and Central America.
Banco Popular is set to profit from
the relationships it has built with such
companies from the start, he says.
And with tourism and mining growing
strongly in the Dominican Republic,
Espinola is confident that Banco Popular
can expand further thanks to its ties to
existing corporate accounts.
Banco Popular's numbers certainly
point to success. The bank's outstanding
growth in loans, deposits, assets and profit,
as well as its improvement in asset quality,
allow it to win LatinFinance's awards for
Bank of the Year Dominican Republic and

LUIS E. ESPINOLA
BANCO POPULAR DOMINICANO

"IN OUR COUNTRY,
TELECOMMUNICATION [STANDARDS]
ARE TREMENDOUS.
TAKING ADVANTAGE
OF MOBILE
TELEPHONY IS A
VISION IN OUR
STRATEGIC PLAN"
Bank of the Year Caribbean.
The bank's net profits rose more than
8% from mid-2013 to mid-2014, to 4.6
billion pesos ($104 million). Its loan book
grew by 4% to 163 billion pesos, while
deposits grew by 6.6% to 217 billion pesos,
even as its non-performing loan ratio fell
from 1.2% to 1.15%. This growth, moreover,
is consistent: during the previous 12
months, the firm registered a 4.4% growth
in net profit, and increases in loans and

November/December 2014 - L ATINFINA NCE.COM 51


http://www.bmsc.com.bo http://www.bmsc.com.bo http://www.LATINFINANCE.COM

LatinFinance - November/December 2014

Table of Contents for the Digital Edition of LatinFinance - November/December 2014

Contents
LatinFinance - November/December 2014 - Cover1
LatinFinance - November/December 2014 - Cover2
LatinFinance - November/December 2014 - Contents
LatinFinance - November/December 2014 - 2
LatinFinance - November/December 2014 - 3
LatinFinance - November/December 2014 - 4
LatinFinance - November/December 2014 - 5
LatinFinance - November/December 2014 - 6
LatinFinance - November/December 2014 - 7
LatinFinance - November/December 2014 - 8
LatinFinance - November/December 2014 - 9
LatinFinance - November/December 2014 - 10
LatinFinance - November/December 2014 - 11
LatinFinance - November/December 2014 - 12
LatinFinance - November/December 2014 - 13
LatinFinance - November/December 2014 - 14
LatinFinance - November/December 2014 - 15
LatinFinance - November/December 2014 - 16
LatinFinance - November/December 2014 - 17
LatinFinance - November/December 2014 - 18
LatinFinance - November/December 2014 - 19
LatinFinance - November/December 2014 - 20
LatinFinance - November/December 2014 - 21
LatinFinance - November/December 2014 - 22
LatinFinance - November/December 2014 - 23
LatinFinance - November/December 2014 - 24
LatinFinance - November/December 2014 - 25
LatinFinance - November/December 2014 - 26
LatinFinance - November/December 2014 - 27
LatinFinance - November/December 2014 - 28
LatinFinance - November/December 2014 - 29
LatinFinance - November/December 2014 - 30
LatinFinance - November/December 2014 - 31
LatinFinance - November/December 2014 - 32
LatinFinance - November/December 2014 - 33
LatinFinance - November/December 2014 - 34
LatinFinance - November/December 2014 - 35
LatinFinance - November/December 2014 - 36
LatinFinance - November/December 2014 - 37
LatinFinance - November/December 2014 - 38
LatinFinance - November/December 2014 - 39
LatinFinance - November/December 2014 - 40
LatinFinance - November/December 2014 - 41
LatinFinance - November/December 2014 - 42
LatinFinance - November/December 2014 - 43
LatinFinance - November/December 2014 - 44
LatinFinance - November/December 2014 - 45
LatinFinance - November/December 2014 - 46
LatinFinance - November/December 2014 - 47
LatinFinance - November/December 2014 - 48
LatinFinance - November/December 2014 - 49
LatinFinance - November/December 2014 - 50
LatinFinance - November/December 2014 - 51
LatinFinance - November/December 2014 - 52
LatinFinance - November/December 2014 - 53
LatinFinance - November/December 2014 - 54
LatinFinance - November/December 2014 - 55
LatinFinance - November/December 2014 - 56
LatinFinance - November/December 2014 - 57
LatinFinance - November/December 2014 - 58
LatinFinance - November/December 2014 - 59
LatinFinance - November/December 2014 - 60
LatinFinance - November/December 2014 - Cover3
LatinFinance - November/December 2014 - Cover4
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