The influential European magazine Euromoney awarded Banco de Reservas five important prizes: Best Digital Bank of the Dominican Republic, Best Bank in Latin America for Social and Corporate Responsibility, Best Bank of the Dominican Republic, Best Bank for SMEs in the Caribbean, and Best Bank for SMEs of the Dominican Republic. The new awards were received in the English capital by Samuel Pereyra, executive president of Banreservas; and José Obregón, executive vice president of International Business and Corporate Governance of the financial institution. These recognitions place this bank as the most awarded in its genre in the Dominican Republic so far this year. When valuing this distinction, Pereyra said that the entity receives these awards with great humility and reaffirms its commitment to continue supporting the productive sectors of the nation, as well as the dreams and aspirations of Dominicans. “In recent years, Banreservas has not only limited itself to granting loans to its clients, but has also dedicated itself to transforming into a robust, innovative, agile and close Bank to satisfy the needs of all the Dominican people,” he said. Categories of the awards The award for Best Digital Bank in the Dominican Republic corresponds to the innovation in digital channels, the adoption of emerging technologies that guarantee an innovative user experience, the growth of the digital customer base and the online transactions carried out by Banreservas. In addition, he valued data security and protection on digital platforms and assessed the innovative approach of technology as an essential factor in developing productive solutions. Regarding the recognition as Best Bank in Latin America for Social and Corporate Responsibility, Euromoney valued the promotion of diversity and inclusion, as well as the reduction of the environmental impact of its operations, the promotion of employee development and social mobility. It also highlighted the innovative and effective initiatives for the strengthening of the local community and ethical business conduct.
For the categories of Best Bank for SMEs in the Dominican Republic and the Caribbean, Euromoney took into account that Banreservas holds an active portfolio of RD$89,283 million and a passive one of RD$98,482 million, distributed among its more than 156,667 SME clients, which represents 21.7% of the local market share. Another recognition received by the financial organization was as Best Bank of the Dominican Republic, which recognizes the leadership of Banreservas in the banking sector and the excellent financial results obtained, in addition to the clearly differentiated business model, the ability to adapt to changing market conditions and the history of compliance with the objectives established by the institution.
These awards are added to others granted this year to the Dominican banking institution by international financial magazines, such as Global Finance, World Finance and The Banker, in whose annual ranking, Banreservas advanced 43 positions among the 1,000 best banks in the world.
