Banco Santa Cruz Maintains AA- Rating as Feller Rate Upgrades Outlook

Banco Múltiple Santa Cruz has maintained its AA- credit rating, while Feller Rate upgraded the bank’s outlook from stable to positive, recognizing its solid financial position, prudent risk management and sustained operating performance. The decision signals growing confidence in the bank’s ability to continue strengthening its market position.

The rating agency said the improved outlook reflects the institution’s steady progress across its core business segments, supported by a diversified loan portfolio, consistent financial results and a robust framework for managing and controlling risk. Banco Santa Cruz described the decision as validation of its long-term strategy focused on sustainable growth, profitability and disciplined governance.

Fourth-Largest Multiple Bank by Assets

According to Feller Rate’s July 2026 assessment, Banco Santa Cruz held a 5.6% share of total banking assets as of June 2026, consolidating its position as the fourth-largest multiple bank in the Dominican Republic’s financial system. The agency also highlighted the bank’s broad range of financial products and services for both individuals and businesses, together with the diversification of its lending portfolio.

As of June 30, 2026, the bank reported RD$221 billion in total assets, representing a 7% increase compared with the end of December 2025, reflecting continued expansion despite a more moderate economic environment.

Profitability Remained Strong in 2025

Feller Rate noted that Banco Santa Cruz continued expanding its loan portfolio while maintaining healthy operating income. According to the report, the bank closed 2025 with a 2.4% return on average assets and a 20.7% return on equity, strengthening operating performance even as provisioning expenses increased in response to the broader macroeconomic environment.

The agency also highlighted improvements in asset quality. The ratio of loans more than 90 days past due declined from 2.1% at the end of 2025 to 1.8% in June 2026, indicating stronger credit quality and continued progress in risk management.

Positive Outlook Reflects Future Growth Expectations

While reaffirming the AA- rating, Feller Rate’s decision to assign a positive outlook indicates that the agency expects the bank to continue strengthening its financial profile if current trends in profitability, portfolio quality and capital management are maintained. The assessment underscores Banco Santa Cruz’s ability to navigate a slower economic backdrop while continuing to expand its business and preserve sound risk controls.