| Login | |
| Currency | |
| Weather | |
| |
Dominican Republic most attractive for investment
posted on: Mar 21 2010 11:51 by Royston. Viewed 567 times.
A study in the Caribbean and Central America determined that the Dominican Republic is "the most attractive destination for investment." So informed Juan Carlos Escotet, president of Banesco-Banco Universal and Banesco, S.A, on a visit to the Central Bank governor Hector Valdez. Escotet on behalf of a group of bankers from the Bolivian Republic, Venezuela and Panama He expressed his interest in making significant investments in the financial sector of the Dominican Republic.
They said the country had attracted their interest because it emphasizes macroeconomics stability characterized by growth of the economy, controlling inflation and stable exchange and interest rates.
The bankers explained, in looking for determining factors, they had found that in the Dominican Republic there is a favorable environment for foreign investment. They had identified several market niches to offer a range of banking products and services provided by the group, adding that Banesco has a presence in countries where they can offer credit facilities at very competitive rates and products targeted at the consumer credit line.
The bankers came to the country on behalf of Banesco-Universal Bank and Banesco, S.A; Grupos Financieros and Econmicos Banesco Holding, C.A operating in Venezuela; Banesco Corporacin Holding Hispania which operates in Spain and has subsidiaries in banking and insurance in Puerto Rico, Panama and the Netherlands; and BBU Bank, which operates in the United States.
At the meeting, the Central Bank governor was accompanied by Deputy Governor, Clarissa la Rocha, the manager Pedro Silverio and assistant manager, Ervin Novas.
Digg it!
del.icio.us
MySpace
Facebook
Fark
Reddit
Newsvine