Banco BHD reports RD$200 million internal fraud, says customer funds are safe

The bank said the irregular transactions were uncovered during an internal investigation launched in March. The probe led to the dismissal and prosecution of an employee accused of creating fraudulent credits for third parties in exchange for personal financial gain. Several individuals outside the institution who allegedly received the funds are also under investigation. A formal complaint was filed in April 2026 with the Financial Crimes Investigation Unit of the National District Prosecutor’s Office.

Banco BHD stated that it immediately notified the Superintendency of Banks of the Dominican Republic and began cooperating with authorities. The institution emphasized that the losses were fully absorbed by the bank, represented only a minimal portion of its annual earnings, and did not affect customer deposits. The bank reaffirmed its zero-tolerance policy toward unethical conduct and reiterated its commitment to transparency, accountability, and the highest corporate standards.