NewsWhore
09-17-2012, 03:50 PM
The Association of Commercial Banks of the Dominican Republic (ABA) is proud about the sector having climbed 22 places over the past three years in the World Economic Forum Global Competitiveness Report. In the recently published 2012-2013 report the soundness of Dominican banks is ranked in 30th position, up from 52nd in the 2010-2011 report in the section on financial market development. A total of 144 countries are listed.
"Dominican banks continue to position themselves as one of the strongest in the world, with a high comparative advantage compared to those in many Latin American and Caribbean countries," states ABA.
The organization attributes the achievement to an increase in capital and high solvency of 15.7%, 57% more than the Monetary Law required solvency, the reasons for the excellent ranking.
ABA stated that the ranking represented international recognition of local banking, saying that shareholders continued investing in banking and extending the base of capital at a time when the international economy is going through an acute confidence and credibility crisis.
More... (http://www.dr1.com/index.html#6)
"Dominican banks continue to position themselves as one of the strongest in the world, with a high comparative advantage compared to those in many Latin American and Caribbean countries," states ABA.
The organization attributes the achievement to an increase in capital and high solvency of 15.7%, 57% more than the Monetary Law required solvency, the reasons for the excellent ranking.
ABA stated that the ranking represented international recognition of local banking, saying that shareholders continued investing in banking and extending the base of capital at a time when the international economy is going through an acute confidence and credibility crisis.
More... (http://www.dr1.com/index.html#6)