Banreservas, our best bank in the region, was able to seize the many opportunities created by this thriving environment and post best-in-class growth throughout the year.
The bank’s deposits reached a remarkable $14.2 billion, up by $1.3 billion from 2021, giving the bank an estimated 41% market share in the domestic Dominican banking system. Furthermore, the private sector deposits rose to $9.9 billion, while the public sector’s reached $4.3 billion.
Banreservas also achieved outstanding profitability ratios, with a 2.3% return on assets, for 6% growth compared to December 2021; and a 34.9% return on equity (ROE), for 8% growth in the same period. In addition, the bank demonstrated its financial strength through a solvency ratio of 13.8%, a risk coverage of 752.7% and a 68.7% efficiency rate.
In December 2022, Banreservas became the first bank in the Dominican Republic to reach the impressive benchmark of $18.1 billion in assets. For that, Banreservas also takes our award for the best bank in the Dominican Republic.
NO.Question : are US CITIZENS who are residing in the country without a RESIDENCIA or cédula NOT allowed to open a credit card ?
IS THAT TRUE ?
If Banreservas is the best bank in the Caribbean, then you should definitely keep your money out of the Caribbean.
Yes .Looks great until you look up the group that made the award and realize it's owned by an affiliate they paid.
That's because dr1's bank in the DR and know what the service is like in their countries.All money figures are in US dollars.
![]()
World’s Best Banks 2023—The Caribbean - Global Finance Magazine
Loan portfolios continue to grow along with the economy.www.gfmag.com
Could this be another case of DR1ers not knowing what they are talking about?![]()