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Article: Fitch Maintains Rtgs for Dominican Republic's Banco Leon, Formerly Bancredito.
- Article from:
- Business Wire
- Article date:
- December 17, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
CARACAS & NEW YORK--(BUSINESS WIRE)--Dec. 17, 2003
The Dominican Republic's Banco Nacional de Credito (Bancredito) has recently been renamed Banco Leon. The bank's ratings remained unchanged at 'B-' for the long-term foreign currency (Rating Watch Negative), 'B' for the short-term foreign currency rating, 'E' for the individual, '5' for the support, 'BBB+(dom)' for the national long-term and 'F2(dom)' for the national short-term ratings.
Banco Leon's shareholder, the Leon Asencio family, has stated its intention of merging the bank with its other banking operation, namely Banco Profesional (around 1% market share at end-March ...
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Article: Business group agrees to buy third largest Dominican bank
AP Worldstream;
June 14, 2003 ;
679 words
... ... largest brewery and tobacco companies in the Caribbean nation, will purchase Bancredito through one of its holdings, Banco Profesional S.A., the ninth largest commercial bank in the Dominican Republic. Malkun said that if the deal is authorized, the ...
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