Economy October 22, 2019 | 7:41 am

Global Finance awards Banreservas the Best Bank of the Year award in the DR

Joseph Giarraputo, editor-in-chief of Global Finance, delivers Roberto Jiménez, general director of Specialized Business of Banreservas during the award ceremony; and Víctor Morillo, director of International Business.

SANTO DOMINGO.-Executives of Banreservas received in Washington the “Best Bank of the Dominican Republic 2019” award, granted by the Global Finance magazine, the ceremony recognized financial institutions from some 150 countries.

Joseph Giarraputo, editor-in-chief of the prestigious publication, presented the award to Roberto Jiménez, general director of Senior Specialized Business at Banreservas; and Víctor Morillo, director of International Business.

The magazine assessed the results of Banreservas’ growth in assets, profitability, development of new businesses and innovation in products for its clients, as well as its strategic relationships and geographic reach of the Bank throughout the national territory.

2019 is the second consecutive year that Banreservas receives this award, announced last April, but delivered previous weekend in the US capital, within the framework of an Award Ceremony during the Annual Meetings of the International Monetary Fund (IMF) and the Bank World.

Global Finance annually selects the best banks in the world, based on a qualitative analysis of experts and the measurement of parameters such as market share, number, and volume of innovation operations of participating banks.

Distributed in 188 countries, the publication and its awards have become a recognized standard of excellence in the international financial community.

In this regard, the editor-in-chief of the publication said that the Awards for the Best Bank of Global Finance offer a continuous vision of which financial institutions are innovating and adapting to changing conditions.

Giarraputo said that the requirements to rank among the best banks in the world are increasingly challenging to meet, because the expectations of customers regarding financial service providers are increasingly high, in terms of product delivery in real-time and with total security.