Fitch gives high client credit quality

The international rating agency Fitch assigned to Banesco Bank multiple, S.A. rating A-(dom) in the long term and F1 (dom), in of short

Client has received an excellent evaluation by the rating agency Fitch ratings, one of the most important global financial risk assessment, getting A-(dom) for their long-term obligations and F1 (dom) for short term

In the case of the creditworthiness of client in the long term, the A-(dom) indicates an expectation of risk reduced.

This means a very good capacity to honour commitments financial.

For the section of the risk in the short term, the F1 (dom) is the best rating that can be obtained and means that the Dominican Bank has the best ability to deal with the payment of financial obligations with maturities of one year or less.

This means that client is a Bank of reliable, healthy and u000arobust.

Ratings assigned to client based on the operating and financial support provided by your corporation, Fitch mentions it in his report as elements of successful value-added for the Dominican entity fruit of shared accumulated experiences and made contributions. According to the risk rating, "the existence of several committees at the corporate level to take advantage of synergies and positive experiences among the various entities of the group, mainly from client Panama and Banesco Banco Universal in Venezuela, have favoured the development of client operations to receive support in all key areas, factor which Fitch believes that he would continue contributing to the objectives set out by the entity".

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Qualified of excellent news to beginning of year calificación:
Jesus Benedicto Diaz, Chief Executive of Banesco, showed its satisfaction once known the u000aratings given by Fitch to the Bank chaired and directed.

"This is great news to start the year, encourages us to continue with the plans drawn up in the country and confirms the commitment of the Corporation in the Dominican Republic".

Client will meet March 24 a year of operations in the country today has five branches, one in the city of Santiago and four in Santo Domingo.

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