Santo Domingo.- Banco Promerica has received regulatory approval from both the Superintendency of the Securities Market and the Superintendency of Banks of the Dominican Republic. This approval allows the institution to proceed with the issuance of publicly offered preferred shares. Banco Promerica is the first economic entity to achieve this through the Dominican Republic Stock Exchange (BVRD).
The bank’s recent achievements have propelled it to the fifth position among private banks in the country. Its loan portfolio has experienced exceptional growth, along with high levels of operating efficiency and profitability.
With this regulatory backing, Banco Promerica becomes a pioneer in the public issuance of shares through the Dominican stock market, reaffirming its dedication to providing innovative and reliable financial solutions for clients and investors in the Dominican Republic.
The bank has appointed “Parallax Valores Puesto de Bolsa, SA” as structuring agent and placement agent for the issue. Banco Promerica Dominican Republic maintains its commitment to responsible and sustainable business management while providing exceptional service standards and contributing to the development of the country’s financial market.
Upon completion of necessary regulatory procedures, a primary placement notice will be published with full details for interested investors. The notice will include information on other Securities Market Offices acting as distributors of the securities, to be placed through the trading platform managed by the Dominican Republic Stock Exchange.
Banco Promerica, as part of the Promerica Group, is a leading financial group in the region, operating in Ecuador, Central America, and the Caribbean. Grupo Promerica serves over 3.1 million clients through its wide network of branches and ATMs.