The Dominican Export Bank (Bandex) will start its operations with authorized social capital of RD$10 billion. A bill creating the new bank was sent to the Senate yesterday, 29 May 2014. The plan is for the new bank to proactively serve the export sector. Bandex is the evolution of the current National Bank for the Promotion of Housing and Production (BNFVP). South Korean government consultants are helping the Center for Export and Investment (CEI-RD) with the new entity.
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