Banreservas: first bank with a trillion pesos in assets

Banreservas: first bank with a trillion pesos in assets

The Reserve Bank (Banreservations) reported today that it reached the highest rates in its history in the main financial indicators during the first half of 2022. At the end of June, the active they amounted to 1,012.1 billion pesos, equivalent to one “trillion” pesos, according to the short scale; the highest reached for the first time by a Dominican financial institution.

In a press release, the financial institution explained that its active they increased by 206,116.9 million pesos, when comparing them with the data of June 2021.

They highlighted the increases in activedeposits, loan portfolio and profits, while the return on equity stood at 33.6% and the efficiency ratio at 66.14%.

In the first half of the year, the banking entity maintained its expansion and growth strategy, resulting in accumulated net profits amounting to 10,111.9 million pesos, for an increase of 2,349.8 million pesos, compared to the same period in 2021.

The gross loan portfolio registered an amount of 412,449.2 million pesos, for an increase of 59,161.2 million pesos, in relation to June 2021. Loans to the private sector amounted to 374,150.2 million pesos, to represent 90.7% of the total loans. the gross loan portfolio in June 2022.

While loans to the public sector reached 38,299.0 million pesos, equivalent to 9.3% of the total gross portfolio.

This expansion has been carried out within the framework of its risk management, which they value as extraordinary. The delinquency rate stood at 0.79%, the lowest it has obtained Banreservations in its history.

The statement highlights that 90% of its portfolio corresponds to the private sector; while the coverage of the loan portfolio for possible defaults was placed at 782.0% in June 2022, more than six times higher than the regulatory requirements.

Deposits and liquidity

Likewise, the growth of deposits during the semester was notable, reaching 823,262.3 million pesos, for an increase of 167,706.0 million pesos in relation to June 2021.

The liquidity index for the period was placed at 24.7%, which comfortably guarantees all short-term commitments.

As for equity, which rose to 66,433.9 million pesos, it increased by 13,013.5 million pesos, equivalent to 24.4%, compared to June 2021.

The achievements of Banreservations They have been recognized by prestigious international financial magazines, such as Global Finance and World Finance, which have awarded him this year in various categories for his business management, sustainable leadership, investment and social responsibility, the bank said in its informative note.

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