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NewsWhore
07-20-2011, 06:40 PM
In an advertisement to all its clients and to the general public, the Banco Popular Dominicano reported yesterday that the reports that have circulated recently about the possible sale of the bank were false.

In a press release published by all of the nation's newspapers, the bank reminded people that throughout its 47 years of history it has received a series of offers for stock purchases from international institutional investors, because of its growing and successful performance and its leadership in the financial markets.

The press release confirmed that the bank had received offers from prospective investors during the first half of 2011. Nevertheless, all these proposals had been rejected.

The Banco Popular stressed that today it is number one in all of the areas of the national banking business and that its performance during the last six months had exceeded expectations and surpassed the average returns of the banking market, a fact that consolidates it as a successful business model.

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