The Reserve Bank of the Dominican Republic inaugurated its first representative office in the United Statesin an activity that included the participation of the president Luis Abinaderwho is in New York participating in the UN General Assembly.
The opening of this sthe day Dominican bank office abroad comes after last June the United States Federal Reserve approved the installation of two of them, one in New York City and another in MiamiFlorida.
“This is a day in which we mark history in the history of our Bank, #ElBancodeALLDominicanswhich officially opens its doors in the city of #NewYork with the first Banreservas Representative Office in the United States”can be read on the X (Twitter) account of Reservas.
The branch in New York will be located at the Radio Hotel, located in the very heart of Little Dominican Republic in Upper Manhattan.
The representative offices of the state bank seek facilitate banking services to the Dominican diasporawhich amounts to almost three million people.
On January 17, Madrid was the first city abroad where the state Reserve Bank (Banreservas) opened a representative office and, with these two new locations in Miami and New York, it is “the first Dominican bank with offices in these important cities” in the United States, the entity’s administrator Samuel Pereyra has stressed.
What can you do representative office?
The Reserve Bank has reported that all the entity’s services will be replicated in its representative offices, but Financial operations will be carried out in the Dominican Republic.
This means that, although the Banreservas You will not be able to carry out financial intermediation operations abroad, such as receiving money in accounts, Yes, you can refer the procedures to your offices in the Dominican Republic.
In other words, in a first stage, Dominicans will be able to request the opening of mortgage loans, remittance accounts and financial instruments, as well as insurance management. This will allow them to carry out banking procedures without having to travel to the Dominican Republic.
Banreservas has indicated that, to begin the process of opening its representative offices abroad, it achieved approval from the Superintendency of Banks and the Monetary Board of the Central Bank of the Dominican Republic in January 2022.
2023-09-21 00:36:00
#Banreservas #opens #office #York
