Punta Cana, RD.- The international rating agency Moody’s Investor Service improved Banreservas’ Baseline Credit Rating (BCA) and Adjusted Baseline Credit Rating, setting them at Ba3 from B1, which represents an increase in the score for the third consecutive year.
The aspects taken into account for this distinction correspond to the solid track record of profitability and high quality of assets, which increased to 2.1% in December 2022, from 1.8% in 2021, as well as the improvements in the level of capitalization and in the stability of the country’s macroeconomic environment.
These rating improvements also place Banreservas as the largest bank in the national system, with a deposit market share of 41%, as of June 2023.
Banreservas also recently received two new recognitions; first place as the most ESG responsible company and second place as the best organization with corporate reputation in the country, according to the Merco Empresas, Líderes y Responsabilidad ESG 2023 monitor.
These distinctions recognize the hard work of the institution to build a promising future, offering a quality service, even more criteria of social responsibility, ethics and governance, as well as motivating to continue promoting initiatives that favor the creation of sustainable services and products with the environment and the well-being of the nation, Banreservas assures.
