NewsWhore
10-12-2006, 03:23 PM
Banco Leon is the latest bank to announce increases in its reserves. Reports in the Caribe state that the bank grew by 16%, at the closing of the third trimester of 2006, with a net growth of RD$80.7 million. A press release from the bank states that its reserves total RD$23,836 million, up 16% from 2005, while productive reserves grew 30.8%. The reason for the growth is due to the payable portfolio for the total reserves from 3.9% in 2005 to 3.5% in 2006 and a decrease in sold real estate as part of the total reserves percentage from 2.9% in 2005 to 0.7% in 2006. Banco Leon also announced the opening of 14 new branches and the eventual introduction of Phone-Banking and Internet Banking.
More... (http://www.dr1.com/index.html#9)
More... (http://www.dr1.com/index.html#9)