The Dominican Republic's second largest bank, Banco Popular, boosted its net profits last year by 14.8% to 3.7bn pesos (US$99.5mn), the bank said in a press release.
Popular's loan book increased by 22% to 109tn pesos at end-2010, with corporate and SME lending as the main growth drivers.
Despite strong loan growth, the bank managed to reduce its non-performing loan ratio by 0.64 basis points last year to 1.80%.
Total assets amounted to 179tn pesos at the end of 2010, up 15% on end-2009.
Popular saw its deposits grow last year by 15% to 153tn pesos.
Banco Popular offers a range of banking products and services to companies and individuals and is the main asset of Grupo Popular, which is a diversified financial services group.