Banco Popular Dominicano Explained

Banco Popular Dominicano
Native Name:Banco Popular
Native Name Lang:es
Type:Public company (through its parent holding company Grupo Popular S.A.)
Industry:Financial services
Founder:Alejandro Grullón
Hq Location City:Santo Domingo
Hq Location Country:Dominican Republic
Products:Retail banking, Commercial banking
Owner:Grupo Popular S.A.

Banco Popular Dominicano is a Dominican Republic bank providing retail and commercial banking services.[1] The company, which is known popularly in the Dominican Republic as Banco Popular, was chosen in 2021 by Global Finance magazine as the best private bank company in the Dominican Republic.[2]

Brief history

The bank was founded in 1963,[3] (some sources say 1964) by Dominican banker Alejandro Grullón. He was president of the company for 25 years.

In 1990, Grullon's son, Manuel Alejandro Grullón, was elected president of the bank. He has held that position ever since.

In 1998, Banco Popular Dominicano founded a television channel, CDN 37.

On September 3, 2019, Banco Popular Dominicano as a company became a signer of the United Nations initiative, UNEP FI.[4]

Competitors

The bank company's main competitors in the Dominican Republic include Banco León and, until 2003, Banco Intercontinental.

See also

Notes and References

  1. Web site: Banco Popular 'will continue to bet on a greater digitisation of our clients' .
  2. Web site: Banco Popular is chosen as the best private bank in the country .
  3. Web site: - Diario Dominicano . www.diariodominicano.com . dead . https://web.archive.org/web/20171230230057/http://www.diariodominicano.com/cultura/2014/08/23/177892/el-dia-que-fue-inaugurado-el-banco-popular-dominicano/ . 2017-12-30.
  4. Web site: Banco Popular Dominicano – United Nations Environment – Finance Initiative .