Progreso Hosts Cocktail Party

Progreso Hosts Cocktail Party

Banco del Progreso hosted a cocktail party to welcome new business and corporate clients that will form part of its customer portfolio, after purchasing the passives and assets portfolio of the Banco Capital de Ahorros y Créditos by Progreso, at the Rosalinda Restaurant, located in Blue Mall.

The CEO of Banco del Progreso, Mark Silverman, whom remarked the trust that the Board of Directors of the financial entity granted in order to advance the negotiation process to purchase the latter entity, also thanked the support of the Banks Superintendence and the Monetary Board.

About Banco del Progreso:

Banco del Progreso is a company in the Financial Services portfolio of assets administered by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

Source: El Dia

Parmalat Innovate Their Product Portfolio

Parmalat Innovate Their Product Portfolio

With the slogan “When you’re fit, everything feels comfier” Parmalat Dominicana launched the new “Santa Light” fruit-based beverage, with 50% less calories on UHT format.

During the product launch, which took place at Taboo Bamboo Restaurant, Roberto Amodio, general manager for the company, made remarks that Santal Light surged from a series of research studied applied by the Innovation Committee over at Parmalat, which comprises their Marketing, Quality and Operations divisions, thus seeking to assess market trends and the world growth rate in functional products, taking into account the needs of consumers.

The Marketing Manager, Marjorie Maríñez, explained the product properties, making emphasis that the “Santal brand is recognized by consumers as a quality brand”.

About INDUVECA:

Induveca is a company in the Food and Beverage portfolio of assets managed by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

Source: Listin Diario

Banco del Progreso Takes Over Capital

SD. The investment portfolio of Banco del Progreso will increase by RD$83million after the takeover of the financial assets and passives of Banco Capital, approved by the Monetary Board and the Banks Superintendence, thus contributing to the consolidation of its leader position in the local financial market.

This way the net credit portfolio of Banco del Progreso will increase by RD$463million, mainly with commercial type loans which comprise the industrial, commercial, construction, transportation sector and other services.

The takeover represents low risk financial instruments, which are consistent with the new risk and investment policies of Progreso. The passive portfolio of Banco Capital escalates to RD$497million.

The takeover announcement was made public by Mark Silverman, CEO of Banco del Progreso, and Nicolás Benito, president of acquired entity, after the signing of the takeover agreement.

They were joined by Carlos Camilo, VP Special Projects, whom led the takeover process.

About Banco del Progreso:

Banco del Progreso is a company in the Financial Services portfolio of assets administered by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

Source: Diario Libre

Banco del Progreso Buys Capital

Banco del Progreso Buys Capital

Santo Domingo. – Banco del Progreso bought the assets and financial passives of Banco Capital, which will increase its credit portfolio by RD$463million, strengthen its profitability and will contribute to consolidate their leadership in the local financial market.

The announcement was made by Mark Silverman, CEO of Banco del Progreso, and Nicolás Benito, president of the purchased banking entity, after signing the purchase agreement, approved on August 18th by the Monetary Board and the Banks Superintendence.

The Executives were joined by Carlos Camilo, Asst. VP of Special Projects, whom led the entire process.

“This takeover is very positive, given that the Banco Capital portfolio is robustly collateralized with liquid and mortgage warranties, and shows reduced levels of delinquency, due to the low risk profile of its clients”, said Silverman.

With the Banco Capital assets, the Progreso investment portfolio will increase by RD$83million, thus representing low risk financial instruments. The purchased passive portfolio is of RD$497million.

About Banco del Progreso:

Banco del Progreso is a company in the Financial Services portfolio of assets administered by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

Source: El Dia

Pr. – Andy Garcia

INDOMINA: Pr. – Andy García

Jaime Piña, VP of Indomina, clarified that they are not associated with Andy Garcia for the production of his film “Hemingway & Fuentes”, but they are in talks to discuss another project.

About Indomina:

Indomina is a company in the Real State and Tourism portfolio of assets managed by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

Source: Diario Libre

Wind Telecom and tPago Reach Agreement

Wind Telecom and GCS Systems signed an agreement that will allow Wind customers to issue payment of all contracted services through the tPago mobile payment system.

The tPago product is an innovative service, unique in the market for mobile payments, which attained its pertaining certification on behalf of the Central Bank of the Dominican Republic.

About tPago:

tPago is a service provide by GCS System, a company in the Financial Services portfolio of assets administered by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

Source: El Dia

Andy Garcia is Coming to DR to Film

INDOMINA: Andy Garcia is Coming to DR to Film

SANTO DOMINGO. The renowned actor and film director Andy Garcia will arrive to DR next month to film some scenes of the film “Hemingway & Fuentes”.

Garcia picks up his directing career and does it alongside an all-star cast. Though the internet site www.imdb.com does not indicate they will be coming also, the starring roles in this film feature Sir Anthony Hopkins, the renowned actress Annette Benning and Andy himself. According to information provided to DL, the famed Cuban-American artist, will return to Dominican soil after signing a strategic alliance with Indomina Group, a company known for developing modern facilities for film and television production in the country, to offer their services within the market. From this movie, the source responsible for providing the information manifested that the technical staff has already been hired for the production crew.

Andy Garcia, whom already has a renowned professional Hollywood career has visited the country in numerous opportunities. When he debut as director, he came to the country to shoot scenes for his movie “The Lost City”, and on said occasion he included local talent.

About Indomina:

Indomina is a company in the Real State and Tourism portfolio of assets managed by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

Source: Diario Libre

tPago Begins Alliance with La Colonial

SD. GCS Systems and their tPago product have launched new alliances established with La Colonial de Seguros.

With the integration of this insurance provider, tPago facilitates for its customers paying their insurance premiums from anywhere through their mobile transaction system.

Brian Paniagua, CEO for tPago, reaffirms the commitment by the entity with its customers of never detaining the process of integration new companies to the platform for its clients’ benefit.

Currently, tPago surpasses 150,000 subscribers affiliated to the product, a result which evidences the excellent acceptance the product has received in the market within a relatively short timeframe.

About tPago:

tPago is a service provide by GCS System, a company in the Financial Services portfolio of assets administered by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

Source: Diario Libre

Empresas Dominicanas Inaugurates Modern Showroom

Empresas Dominicanas Inaugurates Modern Showroom

Continuing their commitment to offer quality service to their clientele, the executives of Empresas Dominicanas (EDOM), hosted a cocktail which formally inaugurated their new showroom, a commercial space, with avant-garde style where they will showcase the most representative models of the Alfa Romeo and Fiat brands.

The locale, located on Ave. Charles Sumner, renders homage to the design qualities, as well as functionality, efficiency, and A-line technology, which are characteristics of the brands represented by the firm in the country.

Enrique Dalet, managing director for EDOM, headed the inaugural activity, amid which he thanked the presence of all attendees, and expressed that the new showroom constitutes a point of inflexion in the business development of Empresas Dominicanas.

At the act featured the introduction of the Grande Punto EVO by Fiat, which next to the 500 POP will integrate the exhibit that inaugurates the venue.

About EDOM:

EDOM is the authorized representative in the Dominican Republic of the brands: Alfa Romeo, Fiat, Iveco, Vespa, Case Ih Agriculture, New Holland Construction, New Holland Agriculture, Kobelco, Cifa and Petronas Lubricants. It is a company in the Retail, Food and Beverage portfolio of assets managed by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

Source: Listin Diario