Dominican Banks Merge

Dominican Banks Merge

Dominican Republic M&A

Centro Financiero BHD and el Grupo Financiero Leon have agreed to merge, the two Dominican financial institutions say, bringing all operations under an entity to be known as Centro Financiero BHD Leon. At the operating level, the deal creates Banco BHD Leon, to be the country’s second largest bank with DOP182bn ($4.29bn) in assets. The two privately-held entities were mum on the valuation assigned to each side, and do not indicate what size of a minority stake in the combined entity Leon shareho

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