November 1, 2001
That the Dominican Republic's banking system has expanded rapidly in the past few years is no surprise, given the strong economic growth that the country has experienced. More remarkable are the increasing size and the increasing degree of sophistication in recent transactions involving local banks and customers seeking financing.
The Dominican operations of Citibank, for example, recently completed a $30 million structured deal for Aerodom, the group owned by a consortium of local and inte
The country's banking system is mimicking the economy: growing and becoming more sophisticated.