NewsWhore
04-13-2007, 05:10 PM
BanReservas announced profits of RD$871.3 million in the first quarter of the year for a 47.6% increase in profits compared to the same period last year. Daniel Toribio, administrator general of BanReservas, said that there are four reasons for the bank's sustained growth. He mentioned the country's economic boom, the numerous products and services offered by the bank, the cashing in of real estate properties, and the recovery of bad debt. Toribio used the success of the bank as an example that there can be efficiency in government.
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