Despite the significant growth in competition, BHD
continues to develop for a very niche, sophisticated and distinct buyer.
Portland, which will stay as a brand within the new group, makes luxury con-servatories which BHD
says will top its current range of economy and mid-range products.
Fitch expects BHD
to preserve its good liquidity levels shown over recent years, backed by a diversified funding base and a liquid investment portfolio, fairly concentrated in public debt (87% were central bank instruments and mostly short-term maturity) and bank deposits.
Valores, PyME BHD
and BHDIB ratings reflect the operational and financial support provided by BHD
and its sole shareholder Centro Financiero BHD
Fitch takes the following ratings actions on Banco BHD
and its subsidiaries:
ratings reflect its diversified retail deposit base, significant market share, adequate liquidity, competent management and its robust shareholder structure.
As of December 2005, Banco BHD
ranked third out of 12 commercial banks, with a 13% market share by total assets.
As of March 2005, BHD
ranked third out of 12 commercial banks in the Dominican Republic, with a 12% market share by total assets.