Banesco Banco Múltiple earns A+ credit rating for seventh consecutive year

Santo Domingo.- Banesco Banco Múltiple has secured an ‘A+’ national credit rating with a “Stable” outlook from risk-rating agency Feller Rate, marking the seventh consecutive year the Dominican bank has received this recognition. The July 2025 report underscores the bank’s financial strength, backed by Banesco Internacional, a multinational financial group with operations across Latin America.

The agency highlighted Banesco’s strong solvency, both short and long term, with additional ratings of ‘Cat 1+’ for deposits up to one year, ‘A+’ for deposits beyond one year, and ‘A’ for subordinated bonds. Feller Rate noted that capital levels have been supported by consistent profit retention and a recent capital injection from its parent company. By June 2025, the bank’s solvency ratio reached 14.9%, well above the regulatory minimum of 10%.

“The confirmation of our ‘A+’ rating and stable outlook reaffirms the consistency of our risk management model and our commitment to disciplined operations,” said Juan Carlos Carneiro, CEO of Banesco Banco Múltiple.

Banesco currently ranks seventh in assets among multiple-service banks in the Dominican Republic, reporting RD$56.6 billion in total assets and RD$41.3 billion in deposits at the close of Q1 2025.

Banesco Banco Múltiple is part of Banesco Internacional, a global financial brand with over 38 years of experience. Together with ABANCA, Banesco manages more than US$103 billion in assets, operates in 14 countries, and serves nearly 8 million clients.