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Rankings & dataOctober 30 2018

Dominican Republic’s growing bank assets

The Latin American Banking Federation (Felaban) will be meeting in the Dominican Republic in November. The country’s banks are growing their balance sheets; however profitability is on a downward trend. 
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The Dominican Republic will play host to the 52nd annual meeting of the Latin American Banking Federation (Felaban) from November 11-14. The conference will cover economic challenges in the region, including the situation in Brazil and Argentina; regulatory challenges for the region, particularly Basel III reforms; and de-risking in Latin America. It will also be looking at the economy and the banking system of the host nation.

The state of the banks in the Dominican Republic is relatively positive. The top five banks by total assets have been steadily boosting their balance sheets over the past five years, increasing their total assets by around 40%, to $25.8bn at the end of 2017. The country’s largest lender, Banco de Reservas de la Republica Dominicana, has increased its total assets by 33%.

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Joy Macknight is the editor of The Banker. She joined the publication in 2015 as transaction banking and technology editor. Previously, she was features editor at Profit & Loss, editorial director at Treasury Today and editor at gtnews. She also worked as a staff writer on Banking Technology and IBM Computer Today, as well as a freelancer on Computer Weekly. She has a BSc from the University of Victoria, Canada.
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