BHD Leon is born, the third largest bank in DR
It is the second largest of banks with private capital
Diario Libre
SANTO DOMINGO. After the merger, initiated formally beginning on 1 July 2014, the BHD Bank and the Leon Bank, together created BHD - Leon, becoming the third largest multiple bank of the country and the second largest of private capital.
Because of its assets, this position was already occupied by the BHD Bank, days before the merger which ended in the first week of September. According to the statistics from the Superintendency of Banks, as of June it registered on its balance sheets assets for RD $132.9 billion and a loan portfolio of RD $72.8 billion. At the same time the Leon Bank occupied the fifth position in size of its assets and loan portfolio, with RD $49.0 billion and RD $26.9 billion, respectively.
On eight September, BHD Leon announced the beginning of its operations. They said that the volume of their assets amounted to RD $186.0 billion, and that in its credit portfolio they have notes for RD $100.5 billion.
These numbers are close to the Popular Bank, the largest private bank in the country and the Reserva Bank, which is government owned, and the largest in the Dominican financial system. In this way, the BHD - Leon distances itself from its smaller competitors and significantly closes the distance which separates it from the two largest banks. Depending on how you look at it, it becomes the second largest private bank in the country or the third-largest in comparison with all the multiple banks operating in the country.
In addition, they merged entity also has more than 500 ATM machines, a network of nearly 100 banking offices in the principle regions of the country and a broader and more diverse of offer of products and services through its different channels.
The merger of the BHD Bank and the Leon Bank is the result of the alliance announced on four December 2013 included, in addition, the seats on the stock exchange of both institutions which gave way to the BHD-Leon Post on the stock exchange.
Luis Molina Achecar, the president of the BHD Leon Financial Center and of the BHD Leon Bank, said this was "a successful process."
Because of its assets, this position was already occupied by the BHD Bank, days before the merger which ended in the first week of September. According to the statistics from the Superintendency of Banks, as of June it registered on its balance sheets assets for RD $132.9 billion and a loan portfolio of RD $72.8 billion. At the same time the Leon Bank occupied the fifth position in size of its assets and loan portfolio, with RD $49.0 billion and RD $26.9 billion, respectively.
On eight September, BHD Leon announced the beginning of its operations. They said that the volume of their assets amounted to RD $186.0 billion, and that in its credit portfolio they have notes for RD $100.5 billion.
These numbers are close to the Popular Bank, the largest private bank in the country and the Reserva Bank, which is government owned, and the largest in the Dominican financial system. In this way, the BHD - Leon distances itself from its smaller competitors and significantly closes the distance which separates it from the two largest banks. Depending on how you look at it, it becomes the second largest private bank in the country or the third-largest in comparison with all the multiple banks operating in the country.
In addition, they merged entity also has more than 500 ATM machines, a network of nearly 100 banking offices in the principle regions of the country and a broader and more diverse of offer of products and services through its different channels.
The merger of the BHD Bank and the Leon Bank is the result of the alliance announced on four December 2013 included, in addition, the seats on the stock exchange of both institutions which gave way to the BHD-Leon Post on the stock exchange.
Luis Molina Achecar, the president of the BHD Leon Financial Center and of the BHD Leon Bank, said this was "a successful process."
Diario Libre
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