Biggest Dominican bank, exporters launch US$20.7M promotion

Santo Domingo.- Dominican Republic’s biggest bank and theDominican Exporters Association (Adoexpo) on Wednesday announced ProExportaPopular, a joint venture with Banco Popular to promote national exports and ensurethe country’s industrial sustainability and productive development, with RD$9.31billion (US$20.7 million) in loans to nearly 200 export companies during the first year.

Outlet diariolibre.com reports that 84% of the loans wentto export market industries in that period, followed by 11% to the servicessector, and the remaining 5% to other productive lines.

Launched in June 2014, ProExporta Popular was recognized withthe export sector’s Service Excellence Award at the end of last year, for itsconsistent supply of a line of products and financial services that businesses need,with attractive rates, as well as training support to optimally conduct itsinternationalization process.