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BiggerBanreservas opens credit line for exporters to Miami
Pereyra together with other officials at the signing of the agreement for the construction of the Karisma hotel in Bergantín. Pereyra affirmed that this line of credit will be extended as the demand increases and that a real estate fair will be held in this city.
Miami, Florida – The Banco de Reservas made available an initial credit portfolio of US$3 million for Dominicans seeking to export from the Dominican Republic to Miami, considered the “hub” of commerce in the United States.
The bank’s general manager, Samuel Pereyra, stated that this line of credit will be expanded as demand increases.
He said that Dominican exporters have an excellent opportunity to sell their products in Miami and distribute them throughout the State of Florida and the rest of the United States.
He recalled that in November 2023, they opened a Banco de Reservas Representative Office in this city, the third financial institution installed abroad, to serve Dominicans living abroad. The others are in Madrid and New York.
He specified that this is why Miami and New York were chosen as the headquarters of the Banreservas representative offices: the majority of Dominicans in the United States live in New York, New Jersey, and Florida.
The new office is next to the Dominican Consulate, at 1101 Brickell Avenue, Suite N-1402, Miami, Florida 33131.
Pereyra expressed that this year, they will hold a real estate fair in Miami and another one in Madrid. They had great success in the first one held at the end of March 2024 in New York and Lawrence, where Dominicans residing there purchased homes in the Dominican Republic for a value of more than RD$8,500 million, equivalent to some 1,800 properties. A total of 4,000 people attended this event.
