Fitch Ratings increases the score of The Dominican Republic’s Banesco Banco Múltiple

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The excellence of our team here at Banesco Banco Múltiple has once again been made clear after this past June 5th, when Fitch Ratings increased our score to A+ (dom), in reference to the national risk score related to the long-term credits meant to be given in 2019. This speaks to the great capacity that our team at The Dominican Republic has when it comes to honoring financial commitments.

Fitch Ratings also gave Banesco the F1 (dom), which refers to short-term credits, and which is also the highest grade any financial entity can receive when it comes to their capability to face financial obligations meant to be solved in a year’s time or less.

During 2018, Banesco República Dominicana’s total assets increased by 11.15% for a grand total of RD$21,395 million, for an increase of RD$2,146 million in comparison to what was reported in 2017. Likewise, during 2018, it registered a RD$866 million increase in sales using credit cards and multi-credit options, which puts these in the third place when it comes to the total growth of these products.
These numbers have placed Banesco Banco Múltiple among the best qualified financial institutions in the country. We sincerely congratulate María Clara Alviárez, Executive President of Banesco Banco Múltiple, and her team.

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