Banco Promerica RD (Promerica) is the seventh largest entity (5% of TA) of Promerica Group, a regional financial conglomerate with over 30 years of experience. The network includes ten banks and more than 200 offices across nine Latin American countries.
Promerica has been operating in Domincian Republic since 2000. It obtained its multiple banking license in 2010 and is currently the fifth largest private bank in the country in terms of total assets.
In just three years, Promerica rose from the 10th to the fifth largest private bank, accounting for 2% of total assets.
Mission and Vision
Promerica’s vision is “to become the preferred bank of Dominican companies and families through Proximity, Innovative and Flexible services”. The bank’s mission is “to offer financial services and products which meet the needs of our local and regional clients.”
Product Range
| Credit | SME, Large enterprises, Education, Consumption, Housing, Other |
| Savings | Voluntary savings, Fixed term deposits, Checking accounts, Special purpose savings accounts |
| Insurance | Credit life, Life, House, Other products |
| Means of payment | Check, Debit/Credit card, Money transfer/remittances, Cell phone cards, Saving facilitation service |
| Non-financial | Education, Women empowerment |
Sustainable Development Goals
The bank focuses on SMEs and large enterprises that generate income and employment and is a signatory of the UNEP FI Principles for Responsible Banking.
