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Showing posts with the label Dominican Republic

Fitch Ratings increases the score of The Dominican Republic’s Banesco Banco Múltiple

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The excellence of our team here at Banesco Banco Múltiple has once again been made clear after this past June 5 th , when Fitch Ratings increased our score to A+ (dom), in reference to the national risk score related to the long-term credits meant to be given in 2019. This speaks to the great capacity that our team at The Dominican Republic has when it comes to honoring financial commitments.

Banesco Banco Múltiple improves the tourism industry in the Domincan Republic

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    The Dominican Republic  is considered one of the four tourist-magnet Latin American countries, being Punta Cana and Bávaro the best places to  develop the tourist industry , this is the reason why  Banesco Banco Múltiple  recently performed a meeting with different persons that want to invest their money on  the tourism industry . This event is part of a series of discussions about different topics that this financial entity has planned for this 2019.   Punta Cana and Bávaro  are within the  best 10 beaches around the world  and they have the  Blue Flag environmental certification , an attestation that certifies the best beaches in the world.  Punta Cana  is a place that attracts a lot of tourists with its clear and turquoise waters, besides its white sand, it looks like a scene out of a fairy tale, it has mangrove forests and a lot of coconut palm trees. On the other hand,  Bávaro  is a beach wit...

Banesco Multiple Bank SMEs Plan Will Bolster Small and Medium-Sized Enterprises in the Dominican Republic

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The banking establishment seeks to help entrepreneurs and the new business ideas to thrive. Recently, Banesco Multiple Bank presented its new SMEs Plan , which has a portfolio of products and services designed with the aim of supporting the growth of small and medium-sized enterprises in the Dominican Republic. The SMEs plan is based on SME credit lines for working capital and productive loans for the procurement of machinery and work equipment, all under competitive conditions and attractive interest rates. In that sense, Miguel Ángel Marcano, Chairman of the Board of Directors of Banesco Multiple Bank, claimed:  “ We are committed to supporting and accompanying the initiatives of our clients. We know the positive effects of credits within the economy and therefore we continue to bet on the small and medium Dominican enterprise.” The portfolio of products offered by the SMEs Plan includes “green loans” , through which you can invest in the installatio...