A Bloomberg wire issued on Thursday, 17 December 2015 reports that Scotiabank is interested in purchasing Banco de Progreso now under majority control of the Vicini family. According to Bloomberg, the Banco Dominicano del Progreso could fetch about US$166.4 million.
Scotiabank, a relatively small bank in the Dominican Republic with 20 branches, grew significantly in 2003 after purchasing the collapsed Baninter with 39 branches.
http://www.bloomberg.com/news/articles/2015-12-17/scotiabank-said-to-weigh-bid-for-dominican-republic-s-progreso