Economy February 21, 2024 | 2:02 pm

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Banco Atlántico successfully acquires savings and credit portfolio of Banco Activo

Santo Domingo.- Banco Atlántico de Ahorro y Crédito has successfully acquired the savings and credit portfolio of Banco Activo, as announced by Emilio Hasbún, the President of the Board of Directors of Banco Atlántico.

This transfer encompasses 88.1% of the credit portfolio, including the certificates of deposit held by Banco Activo’s clients. Hasbún clarified that Banco Atlántico has taken over responsibility for all active and passive accounts of Banco Activo since December 2023, following the authorization from the Monetary Board.

Expressing commitment to this acquisition, Hasbún emphasized its role in strengthening their position within the sector, enhancing their impact on the Dominican financial market. This strategic move motivates them to continue fostering a culture of excellence in service, offering personalized attention to clients, and developing innovative financial solutions to enhance the overall value provided to their customers.

In adherence to monetary and financial regulations, Banco Atlántico assures that they will uphold and honor the terms and conditions of each client’s products. They are dedicated to ensuring a seamless integration process, aiming to provide a memorable experience for all clients during this transition.

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