Bank BHD commits over US$500 Million to Tourism development

Santo Domingo.- Banco BHD has announced its commitment to structuring financing for hotel and tourist real estate projects totaling over US$500 million, aimed at fostering economic growth in the country.

Luis Molina Mariñez, Senior Vice President of Corporate and Business Banking at Banco BHD, emphasized the bank’s dedication to supporting the comprehensive development of the industry. He stated, “We collaborate with hotel projects, real estate ventures, and the entire business ecosystem, offering tailored advice and structuring facilities to meet our clients’ needs. This underscores our commitment to furthering this vital sector, which is a significant driver of the country’s economic progress.”

Ariel Pérez, Vice President of Tourism and Related Services at Banco BHD, highlighted the bank’s focus on evaluating hotel and real estate investments that promote sustainable tourism in the Dominican Republic, particularly emphasized during their participation in DATE 2024.

At the Dominican Annual Tourism Exchange fair, Banco BHD presented its value proposition tailored to the tourism sector. The bank offers personalized advice, loan structuring services, administration of syndicated loans, sale and leaseback, as well as resource management in capital markets and mergers and acquisitions, all provided by a team of experts.

Banco BHD has a long-standing history of financing tourism-related projects, spanning over two decades. Over the last 15 years, the bank has provided over US$850 million in financing to the sector. In 2023 alone, the entity experienced a 47% growth in its credit portfolio, with nearly a 20% increase in market share concerning its total portfolio within the tourism sector.