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The Central Bank of the Dominican Republic (Spanish: Banco Central de la República Dominicana, BCRD) was established by the Monetary and Banking Law of 1947 as the central bank of the Dominican Republic, responsible for regulating the country's monetary and banking system.
The main local banks: Central Bank of the Dominican Republic, Banco Popular Dominicano, Banreservas and Banco BHD contribute more than 60% market share. Government-owned banks [ edit ]
The bank represents a union between the Banco Profesional and Banco Nacional de Credito (Bancredito). The Léon Jimenes family, which controls the León Jimenez Group, Ltd is better known for its distribution in the Dominican Republic of Marlboro cigarettes, as well as for their Aurora cigars and Presidente beer brands operations. [ 1 ]
In April 2014, he was appointed the Chairman of Grupo Popular, a company whose subsidiaries include Banco Popular Dominicano, the largest private bank in the Dominican Republic. [2] He has been president of the Banco Popular Dominicano since 1990. Forbes listed Grullón as one of the ten wealthiest men of the Dominican Republic. [3]
Two private banks issued paper money. The Banco Nacional de Santo Domingo issued notes between 1869 and 1889 in denominations of 25 and 50 centavos, 1, 2, 5, 10, 20, 25 and 100 pesos. The Banco de la Compañía de Crédito de Puerto Plata issued notes from the 1880s until 1899 in denominations of 25 and 50 centavos, 1, 2, 5, 10 and 50 pesos ...
Banco Popular Dominicano is a Dominican Republic bank providing retail and commercial banking services. [1] The company, which is known popularly in the Dominican Republic as Banco Popular , was chosen in 2021 by Global Finance magazine as the best private bank company in the Dominican Republic.
He founded Banco Popular Dominicano in January 1964, today the largest private bank in the Dominican Republic. He was the chairman of the Board of Directors of Grupo Popular until April 2014, when he left his post to his son Manuel Alejandro Grullón (1953–). [2]
The BHD Bank (also known as Banco Múltiple BHD, S.A [2]) is a private financial and mortgage bank in the Dominican Republic, founded by Samuel Conde and a group of entrepreneurs on July 24, 1972. Since then, it has formed numerous partnerships and acquisitions with other financial organizations in the country. [ 3 ]