BanReservas has 32. 6% of banking assets
SANTO DOMINGO. The Reserve Bank closed 2013 with assets that amounted to RD$307.2 billion, for a 24.7% growth over 2012.
According to a press release from the financial entity, this increase permitted then “to strengthen their leadership position” with 32.6% of the total assets of the national Multiple Banking market.
The communiqué reveals that a report on the Balance Sheets audited in 2013 indicate that the good performance and growth obtained was due principally to the available funds, to the net investments, and to the behavior of the net credit portfolio.
The available funds registered an increase of 39.6% to reach as of 31 December 2013 at RD$59.7 billion.
Ninety-one percent of this availability was found, at the end of the year, in foreign banks and in the Central Bank.
The net investments, which totaled RD$42.3 billion, increased by 22.7% due basically to investments carried out in other debt instruments. The portfolio of net credit, which grew by 27.6%, closed the year with RD$190.5 billion, while the past due portfolio was lowered to 1.82%.
The balance sheets of BanReservas were audited by the outside firm of KPMG, which did not make any observation on its findings.
Likewise, the report specifies that the coverage index of the bank improved from 59.96% where it was in 2012 to 138.3% at the close of 2013.
Category: DR News |