Excellence in leadership in Latin America 2020: Banreservas

Banreservas responded to the national state of emergency brought on by the Covid-19 pandemic by working closely with the Dominican Republic’s authorities and the central bank to keep the banking system liquid and avoid corporate insolvencies.

Awards for Excellence 2020

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© 2020 Euromoney

Regional awards

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Banreservas responded to the national state of emergency brought on by the Covid-19 pandemic by working closely with the Dominican Republic’s authorities and the central bank to keep the banking system liquid and avoid corporate insolvencies.

However, it is the bank’s work in finding a rapid solution to provide financial support to 700,000 families in extreme poverty that stands out. The Social Security Administration (ADESS) needed to create a new payments system to reach these most vulnerable citizens – and Banreservas managed to put together a solution within two weeks.

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