--- title: Banreservas Gives Dominican Finance Global Reach in Historic Expansion description: Breaking news and analysis from time.com. Politics, world news, photos, video, tech reviews, health, science, and entertainment news. canonical: https://time.com/branded-content/bcc/banreservas-gives-dominican-finance-global-reach-in-historic-expansion/ article:opinion: false article:content_tier: free article:published_time: 2026-06-18T14:28:44.924Z article:modified_time: 2026-05-25T07:35:21.852Z article:section: Branded Contributor Content og:title: Banreservas Gives Dominican Finance Global Reach in Historic Expansion og:description: Breaking news and analysis from time.com. 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They are at time.com/newsletters and are separate from a paid subscription.  For the first time in the Dominican Republic's history, a bank has expanded beyond the country’s borders and opened branches overseas. In 2023, the country’s leading state-owned bank, Banco de Reservas ([Banreservas](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://www.banreservas.com/)), established new offices [in Madrid, New York City, and Miami](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://www.worldfinance.com/banking/a-mainstay-of-the-dominican-economy) under the leadership of executive president Samuel Pereyra. These cities have the largest Dominican communities outside of the Dominican Republic. Banreservas’s success has not only given Dominican finance a new global reach but has also played a key role in driving the Dominican Republic’s economic growth over the past five years. ## **The Dominican Republic vaults to the forefront of Latin America** Under the administration of President Luis Abinader, an economist and businessman who took office in 2020 and was re-elected in 2024, the Dominican Republic’s economy has grown at an impressive rate. According to Dominican Today, the Caribbean nation’s GDP [increased by 5% in 2024](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://dominicantoday.com/dr/local/2025/03/01/abinader-says-dominican-republic-growth-doubled-that-of-the-region-in-2024/), which is more than double the average growth rate for other countries in the region. Dominican Today further highlights that the nation’s exports are also climbing. In 2024, they reached an all-time high of $13.85 billion, which is 7.1% more than the previous year. This level of exports is even higher than the country enjoyed before the COVID-19 pandemic. Indeed, in 2019, the country’s exports were 23.8% lower. While other Latin American countries struggle to get public debt under control in the aftermath of the pandemic, the Dominican Republic has been able to decrease its debt from 61% to 57.5%. Inflation has stayed within the target range — [under 4%](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://latinnews.com/component/k2/item/100486-dominican-republic-abinader-presents-balance-sheet.html?utm%5Fsource=chatgpt.com) — and the country has received [favorable reports](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://tradingeconomics.com/dominican-republic/rating) from international credit rating organizations. One key driver of this progress has been Banreservas, the nation’s [largest bank](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://www.thebanker.com/content/f3ba3084-9c1e-53a9-b46c-abdbe905f761) with a market share of 33.8%, which far outpaces its nearest competitor at 15.3%. ## The role of Banreservas in the Dominican Republic’s development  Banreservas not only has done a historic expansion in the past five years but has also become a leading force behind the country’s development, providing financing for government projects, private enterprises, mortgages, and other loans. Perhaps most importantly, Abinader and Pereyra have prioritized investments in the Dominican Republic’s tourism industry, which has long constituted one of the country’s main sources of revenue. Far outpacing the efforts of previous administrations, the bank has dedicated [over RD$40 billion](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://acento.com.do/economia/cartera-activa-de-banreservas-para-el-turismo-supera-los-rd-40000-mm-9253638.html) to developing the country’s tourist infrastructure, which constitutes approximately 40% of the country’s [total investments in this area](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://revistamercado.do/empresas/brand-content/banreservas-lidera-el-financiamiento-turistico-en-rd/). These efforts have included investing in the development of new tourism areas like Puerto Plata, Miches, and Cabo Rojo. In addition to developing the ports in Cabo Rojo and Samaná to receive cruise ships, over 10 resorts have been built, and [at least 893,000 related jobs](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://wttc.org/news/el-sector-turistico-de-republica-dominicana-aportaria-21-mil-millones-de-dolares-a-la-economia) have been created. Tourism has bloomed in consequence. The number of foreign visitors the country attracts has been climbing steadily from 4.9 million in 2021 to [9 million in 2024](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://dominicantoday.com/dr/tourism/2024/11/27/dominican-republic-sets-new-tourism-record-with-over-9-million-arrivals/). The nation is on track to shatter this record in 2025, since [more than 6.1 million tourists](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://www.caribjournal.com/2025/07/11/dominican-republic-visitors-half/) have already arrived in the first six months of this year. The tourism sector alone accounted for [16.1% of the country’s GDP in 2024](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://tourismanalytics.com/blog-posts/dominican-republics-tourism-sector-to-contribute-over-21-billion-to-economy-by-2025). The World Travel and Tourism Council has projected that the country’s tourism will bring in USD$21.1 billion in 2025. To promote industrial development and high-quality job creation, Banreservas has also loaned more than RD$223 billion to micro, small, and mid-size businesses over the past five years. Additionally, it has boosted its lending to manufacturing from approximately RD$20.47 billion in 2020 to [RD$31.97 billion in 2024](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://hoy.com.do/prestamos-banreservas-suben-en-235914-millones-en-4-anos/), and its lending for food production from RD$4.49 billion to RD$14.39 billion. Sports entertainment has also gotten a big boost. Banreservas has loaned more than RD$778 billion to [renovate old sports facilities or build new ones](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://acento.com.do/deportes/banreservas-aporta-al-deporte-mas-de-rd700-millones-9255126.html). The bank has also sponsored both professional and amateur sports leagues, including the LiDom — the Dominican Republic’s professional baseball league. ## The secret to Banreservas’s success Banreservas’s stability and strength have impressed international experts and financial publications — including [World Finance](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://www.worldfinance.com/awards/world-finance-banking-awards-2025), [Global Finance](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://dominicantoday.com/dr/economy/2021/02/16/global-finance-awards-banreservas-in-three-categories-as-the-best-bank-in-the-country/), [LatinFinance](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://latinfinance.com/awards/banks-of-the-year-awards/2024-banks-of-the-year-awards/2024/11/08/digital-transformation-of-the-year-banreservas/), and [Euromoney](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://www.diariolibre.com/economia/finanzas/2024/07/21/banreservas-recibe-cuatro-premios-otorgados-por-la-revista-euromoney/2793241) — which have lavished over 100 awards on the company. This success has been due in large part to Pereyra, the bank’s executive president, who combines a distinguished international legal background with an emphasis on social responsibility and pride in Dominican culture. His leadership has grown the institution’s financial capital by nearly [70% between 2020 and 2024](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://eldinero.com.do/303073/pereyra-destaca-activos-de-banreservas-aumentan-un-69-en-ultimos-cuatro-anos/), the most dramatic increase in its 83-year history. Banreservas also became the first Dominican bank to surpass the threshold of [RD$1 trillion in assets](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://www.diariolibre.com/economia/finanzas/2022/07/10/banreservas-primer-banco-con-un-trillon-de-pesos-en-activos/1939966). Pereyra’s leadership has also resulted in other significant accomplishments, including helping a significant portion of 900,000 previously unbanked Dominicans [open new bank accounts](https://jadserve.postrelease.com/trk?ntv%5Fat=4&ntv%5Fui=dee06519-e8fe-443b-976f-2abaf8e12ce9&ntv%5Fa=egIKAkYVzA9k0PA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYFs21hrFiOrNUQQMKMOTxOglxKllVdADLPFK7d0TrqDAR2ayio25F2eQ2AEh%5F5ys6lSzyfMDFQA3MlonQ2OXxr9F%5FZRA15MutvOQhuqHXr6uroEMnz4OP8cYlnUoCdtZJuaMopMaiKYsJAUSFbdIOcboT8EGG%5FM9IxLOt0rK4QWigdEJxjf9fGmv%5FGqoPhX8zapACglsMRoWtsBIzLhQTmZG0a8rH6mOJZBuUAFAM6%5FuWEwEQusfhFddJI4Kzvphv5Z-G68uZHPii3rfEeX9GO8YcBJFfi9Sd-6-heMbSsh2id5AyNBi-sKaAviCeMXY41CkadjQGWAH%5Flx3JUEwXhDg6oYySJvwCHYXIzJEBuWN0j73WHDMV6zVGmluGNZCf-vMmZMKJqS7QJiNfEeOSBemDOuwT06PhDWyV5R-S3Rd95Bo2l-HNWT6N9f2v2Bv3cD23q2kf0VDlB9gZ4kMb0ppXQ6iJC1V95TpeTIgh6YqA0eFA9TDLDniV1SNB7sa6%5FzizrBwYFATkXoe94JA1Ho=&ord=-972238976&ntv%5Fht=wDQIagA&prx%5Fr=https://www.banreservas.com/articulos/banreservas-celebra-novena-jornada-de-bancarizacion-en-el-barrio-capotillo/). Under his guidance, Banreservas has also launched educational programs in financial literacy and established a scholarship program for high-performing students from disadvantaged backgrounds. ## Dominican finance goes global With its historic international expansion, Banreservas has not only broken barriers for Dominican banking but also cemented its role as a symbol of national progress. Under Pereyra’s leadership, the institution has proven that a state-owned bank can be both globally competitive and socially transformative — a rare combination that continues to redefine what is possible for public finance in Latin America. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/branded-content/bcc/banreservas-gives-dominican-finance-global-reach-in-historic-expansion/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/branded-content/bcc/banreservas-gives-dominican-finance-global-reach-in-historic-expansion/"},"headline":"Banreservas Gives Dominican Finance Global Reach in Historic Expansion","datePublished":"2026-06-18T14:28:44.924Z","dateModified":"2026-05-25T07:35:21.852Z","description":"","url":"https://time.com/branded-content/bcc/banreservas-gives-dominican-finance-global-reach-in-historic-expansion/","keywords":[],"thumbnailUrl":"","author":[],"articleSection":"Branded Contributor Content","image":[],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https://time.com/branded-content/bcc/banreservas-gives-dominican-finance-global-reach-in-historic-expansion/","name":"Banreservas Gives Dominican Finance Global Reach in Historic Expansion"}}]}] ```