The PopularGroup and the Banco Progreso/BBVA Group opened their offices for the new pension fund management services that go into effect on 1 February, with President Mejia on hand for the inaugural ceremony of the Popular Group AFP. According to the AFP Popular?s administrator, Eduardo Grullon, the savings plan will handle a portfolio of about RD$8 billion. President Mejia praised the internal savings that the new system will uphold. At the ceremony for Banco Progreso/BBVA, which will administer the AFP Crecer, it was announced that there are 15 offices and 1,000 employees at work in the pension fund system of BBVA and the Banco Progreso.
