NewsWhore
07-18-2012, 01:40 PM
Banco Popular, the biggest private commercial bank in the country has denied the rumors circulating that it is for sale. There have been rumors that a Colombian finance group is interested in the bank.
Manuel A. Grullon, the bank president, said that at the end of this period their activities have increased by 8.33% over the same period in 2011, with an amount of RD$222,706 million.
Grullon, talking at the annual press lunch, said that last year there were investors requiring shares in the bank but they rejected them, and, as of now no one had sold their shares.
He said that it was even less likely the bank would be sold now as deposits had increased by 10.85% and credit cards by 7.55% over last year. Commercial loans have increased by RD$7,626 million, and consumer loans and mortgages by RD$1,260 million and RD$673 million, respectively.
He went on to say that the solvency ration was 13.20%, which was above the national banking requisite of 10%.
He said that despite the international economic environment, the bank would be rolling out new initiatives to help encourage businesses, which would include packages of products and services specifically for small Dominican businesses.
Grullon also highlighted the new line of Automated Teller Machines that would allow deposits as well as withdrawals, and the new Visa debit card with a chip that offers better security to users.
He also talked about the increase of options for the points program for credit card users, and the opening of new branches, one in Bellas Artes in Santo Domingo, and one that would be opened on 20 July in Punta Cana (Bavaro).
More... (http://www.dr1.com/index.html#6)
Manuel A. Grullon, the bank president, said that at the end of this period their activities have increased by 8.33% over the same period in 2011, with an amount of RD$222,706 million.
Grullon, talking at the annual press lunch, said that last year there were investors requiring shares in the bank but they rejected them, and, as of now no one had sold their shares.
He said that it was even less likely the bank would be sold now as deposits had increased by 10.85% and credit cards by 7.55% over last year. Commercial loans have increased by RD$7,626 million, and consumer loans and mortgages by RD$1,260 million and RD$673 million, respectively.
He went on to say that the solvency ration was 13.20%, which was above the national banking requisite of 10%.
He said that despite the international economic environment, the bank would be rolling out new initiatives to help encourage businesses, which would include packages of products and services specifically for small Dominican businesses.
Grullon also highlighted the new line of Automated Teller Machines that would allow deposits as well as withdrawals, and the new Visa debit card with a chip that offers better security to users.
He also talked about the increase of options for the points program for credit card users, and the opening of new branches, one in Bellas Artes in Santo Domingo, and one that would be opened on 20 July in Punta Cana (Bavaro).
More... (http://www.dr1.com/index.html#6)