BHD Bank
Banco Hipotecario Dominicano | |
Banco BHD | |
 | |
 BHD Bank HQ in 2012 | |
| Predecessor | Banco BHD Leon |
|---|---|
| Formation | July 24, 1972 |
| Founder | |
| 1-01-13679-2 (non U.S. ID) | |
| Registration no. | H-023-1-00-0101[1] (non U.S. ID) |
| Location |
|
| Fields | Finance |
Secretary General | Manuel Ángel Pérez Vásquez |
| Steven José Puig Contreras | |
| Carlos Guillermo León Nouel | |
Revenue (2023) |  $10.686 millions DOP |
| Website | bhd |
Formerly called | BHD Leon |
The BHD Bank (also known as Banco Múltiple BHD, S.A[2]) is a private financial and mortgage bank in the Dominican Republic, founded by Samuel Conde and a group of entrepreneurs on July 24, 1972. Since then, it has formed numerous partnerships and acquisitions with other financial organizations in the country.[3] The current president is Steven Puig.[4] It is currently the second-largest private bank in the country, only behind Banco Popular Dominicano.[5][6][7][8]
History
[edit]It was founded on July 24, 1972, as Banco Hipotecario Dominicano by Samuel Conde Sosa (deceased in 1988)[9] and entrepreneurs Antonio Haché, José Antonio Caro Álvarez, Manuel Tavares Espaillat, Carlos Sully Fondeur, Sebastián Mera, and Juan Bautista Vicini.[10]
Although today it is a multiple-purpose bank, it was initially founded as a mortgage bank with the purpose of developing the real estate market and housing.[11]
In 1999, it established its first alliance with Banco Sabadell, and in 2000, it finalized a merger by absorption with Banco Fiduciario. In 2001, it formed an alliance with Banco Popular de Puerto Rico, and by 2006, it had acquired the personal business portfolio of Republic Bank. The following year, it purchased the loans and deposits of the corporate banking sector.[12]
In 2008, the International Finance Corporation (IFC), a multilateral credit and investment organization of the World Bank Group, became involved as a shareholder and strategic partner of the BHD Financial Center.
In 2014, following a merger through share contribution between Banco Hipotecario Dominicano and Banco León, the BHD León Multiple Bank emerged.[13] In March 2022, it was announced that the BHD León Multiple Bank would revert to being called Banco BHD.[14][15] The change took effect on July 1, 2022.[16]
References
[edit]- ^ https://sb.gob.do/supervisados/entidades-de-intermediacion-financiera/banco-bhd%7CBanco BHD Banco Múltiple
- ^ "BHD - Banco BHD - Avisos Legales".
- ^ "A partir de hoy solo será "Banco BHD"". Diario Libre (in Spanish). 2022-07-01. Retrieved 2023-08-04.
- ^ Severino, Jairon (2023-03-30). "Cómo Steven Puig se convierte en presidente del Banco BHD". Periódico elDinero (in Spanish). Retrieved 2023-08-18.
- ^ Delgado, Esteban (2022-08-04). "El "Top ten" de la banca dominicana cambia, mientras sus activos crecen". Periódico elDinero (in Spanish). Retrieved 2023-08-18.
- ^ "Conoce los 10 mayores accionistas de los principales bancos de Dominicana". Bloomberg Línea (in Spanish). 2022-04-29. Retrieved 2023-08-18.
- ^ "¿A cuáles bancos les fue mejor en el primer semestre del 2022?". Acento (in Spanish). Retrieved 2023-08-18.
- ^ "Entidades de Intermediación Financiera". sb.gob.do. Retrieved 2023-08-23.
- ^ "Funeraria Blandino". blandino.com.do (in Spanish). Retrieved 2023-08-18.
- ^ "Banco BHD León celebra su 50 aniversario". Hoy Digital. 2022-01-18. Retrieved 2023-08-18.
- ^ "Banco de las cuatro décadas, por Alejandro Fernández W". Asociación Dominicana de Bancos MúltiplesInc. (in European Spanish). Retrieved 2023-08-18.
- ^ "Los 50 años Banco BHD. Bandex nuevos proyectos". listindiario.com. Retrieved 2023-08-18.
- ^ "Se Fusionan los Bancos BHD y León". Guzmán Ariza | La Mejor Firma de Abogados en la República Dominicana (in Spanish). 2015-01-09. Retrieved 2023-08-18.
- ^ "Nombre de Banco BHD León cambiará a Banco BHD". Hoy Digital. 2022-03-08. Retrieved 2023-08-18.
- ^ "Banco retomará su nombre de solo BHD". listindiario.com. Retrieved 2023-08-18.
- ^ "A partir de hoy, Banco BHD León cambia de nombre". Hoy Digital. 2022-07-01. Retrieved 2023-08-18.