Banesco Banco Múltiple has received an upgrade in its short-term rating from the renowned international firm Fitch Ratings, rising from ‘F1(dom)’ to ‘F1+(dom)’.
This recognition reflects the financial and operational synergies that have driven Banesco towards sustained growth within the Dominican financial market.
In addition, for the sixth consecutive year, Banesco maintains its long-term A+ rating, This rating highlights Banesco’s commitment to the country’s economic development and its desire to remain in the market. This rating allows Banesco to offer better financial conditions to its clients, while strengthening its capacity to meet its expansion and growth plans in the coming years.
“This increase in our rating is a testament to the stability and robustness of Banesco, as well as the confidence that Fitch Ratings places in our management,” he said. Dmitry MaleevCEO of Banesco.
“Being part of an international corporation with vast experience in multiple markets provides us with a comprehensive view of the banking sector, allowing us to continue offering innovative and valuable solutions to our clients.”
The country’s positive economic environment has been one of the factors that has allowed Banesco to continue strengthening its position in the market.
