Banco Popular Dominicano is a

Dominican Republic The Dominican Republic is a country located on the island of Hispaniola in the Greater Antilles of the Caribbean Sea in the Atlantic Ocean, North Atlantic Ocean. It shares a Maritime boundary, maritime border with Puerto Rico to the east and ...

bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

providing retail and commercial banking services; it is the largest private bank of the Dominican Republic by assets. 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.

Brief history

The bank was founded in 1963, (some sources say 1964) by Dominican banker

Alejandro Grullón Alejandro Enrique Grullón Espaillat (Santiago de los Caballeros, 3 April 1929 – Casa de Campo, Dominican Republic, Casa de Campo, La Romana Province, Dominican Republic, La Romana, 15 December 2020) was a banker and businessman from the Domin ...

. 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 CDN Channel 37 (Cadena de Noticias TV S.A.) is a Dominican commercial broadcasting company founded in 1996, broadcasting on channel number 37. History CDN was founded on January 1, 1996, by the Dominican Popular Bank, broadcasting on Chann ...

. On September 3, 2019, Banco Popular Dominicano as a company became a signer of the

United Nations The United Nations (UN) is the Earth, global intergovernmental organization established by the signing of the Charter of the United Nations, UN Charter on 26 June 1945 with the stated purpose of maintaining international peace and internationa ...

initiative,

UNEP FI The United Nations Environment Programme Finance Initiative (UNEP FI) is a partnership between the United Nations Environment Program (UNEP) and the global financial sector to catalyse action across the financial system to align economies with sust ...

Competitors

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

Banco Intercontinental Banco Intercontinental (or BANINTER) was the second largest privately held commercial bank in the Dominican Republic before collapsing in 2003 in a fraud tied to political corruption. Ramón Báez Figueroa and expansion of BANINTER Banco Interco ...

External links

Brands of the Dominican Republic Banks of the Dominican Republic {{DominicanRepublic-stub

Brief history

Competitors

See also

External links