Baninter, the small Dominican bank that turned into a giant when it purchased the Banco del Comercio, now announces the DEG Bank of Germany is its newest shareholder. Baninter says that it will now have more funds available for lending to small and medium-sized firms. Vice president financial institutions Werner Breden signed for the DEG. Ramón Báez Romano, president of the Grupo Intercontinental and Ramón Báez Figueroa, president of Baninter signed for the Dominican bank. The Vice Governor of the Central Bank, Luis Manuel Piantini and the Superintendent of Banks, Lic. Vicente Bengoa Ambassador Hans Rothe of Germany were also present. The German government bank has a portfolio of 67 million Deutsch Marks in the DR, making it their fifth largest in Latin America and the largest in Central America and the Caribbean. El Siglo newspaper reported that the DEG chose to invest in Baninter after positive experiences doing business during recent months.<\/p>\n","protected":false},"excerpt":{"rendered":"
Baninter, the small Dominican bank that turned into a giant when it purchased the Banco del Comercio, now announces the DEG Bank of Germany is its newest shareholder. Baninter says that it will now have more funds available for lending to small and medium-sized firms. Vice president financial institutions Werner Breden signed for the DEG. … <\/p>\n