NewsWhore
01-15-2008, 12:20 PM
BanReservas general administrator Daniel Toribio announced yesterday that the government-owned bank's profits reached RD$3.5 billion in 2007, 9.9% more than in 2006 and that assets increased by RD$15 million. Toribio explained that assets and profits are the highest recorded in bank history. The executive explained that the growth could be attributed to BanReservas' increased presence in the private sector, adding that in 2007 the bank lent the private sector RD$16.2 billion, while loans to the public sector totaled RD$4.9 billion. Private sector deposits increased to RD$13.3 billion while public sector deposits grew to RD$620 million. Toribio said that in order to provide better service 14 new customer service points have been designated, while 54 ATMs have been installed, bringing the total number to 319.
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