Progreso Seeks to be One of the Main Banks

Santo Domingo

Banco del Progreso is focused on a internal transformation process based on customer service, to achieve becoming one of the main banks nationwide. Since 3 years ago, the banking entity has been investing RD$150million in remodeling and adaptation processes, as well as branch office space expansions.

Mark Silverman, CEO of the banking entity, said alongside the bank executives Bernardo Martínez, VP of Marketing and Products; Andrés Bordas, VP of Finance & Comptroller; and for Communications, María Isabel Grullón and Tony Arias Gil, whom have noted thtat an extraordinary work has been done in the country reason why the lowering of the interest rates, which will stimulate consumers to visit Banco del Progreso. They also hinted that in the coming weeks, an exclusive product will be launched, unique worldwide, which was not identified, and will allow customers to achieve greater savings and payment capacity.

This year the entity will increase its total branch office capacity from 54 to 37 with its opening in Novocentro, in Naco; and others in Arroyo Hondo and Ave. INdependencia. Via internet, customers can make utility services payments, in addition to the tPago tool.

In this tenor, for years, the Platinum Payments system has been operational, a product designed for frequent flyers, that in 2010 introduced the best customer loyalty program with Membership Rewards by American Express; and is now also linked to Suma CCN. The Progreso executives also participated in the Listin Diario gathering for Globalization, headed by economist Juan Guiliani Cury for Economy & Business.

By May 2012, the total assets for Progreso reached RD$34,617.82 million, and their gross credit portfolio wasRD$12,628.79 million. The total gatherings are RD$30,556.69 million. PRogreso covers all sectors of the national economy, from agriculture on the SMES (Small and Medium-scale Enterprises), due to its response to the needs of customers residing in communities where branch offices are available. Also, “we are the leaders in payment systems”, said Silverman. Bordas emphasized that two thirds of the Bank asset portfolio has been aimed to industry and commerce, and though behavior depends on the market demand, an important share is registered within the construction, agro industry and other industrial sectors. Silverman noted that Banco del Progreso is not the biggest bank in the system, but it aspires to maintain a sustainable growth, in close contact with consumers.

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: Listin Diario

tPago and Banco López de Haro Sign Agreement

tPago and Banco López de Haro Sign Agreement

In the quest to continue offering services availed by quality and the guarantee required by customers, the GCS Systems executives and their product tPago, launched their newly established alliance with Banco López de Haro.

Brian Paniagua, CEO for CGS Systems, whom stated that via the tPago initiative, they continue to reaffirm their unstoppable commitment to integrate new companies to their plateau for their customers’ benefits, made the information public.

“With the integration of BLH, our consumers can request and acquire the product and link their accounts or credit cards to issue all transactions offered by tPago”, Paniagua said.

Pedro E. Rodríguez Martínez, Exec. VP, said the entity represents all services offered  and available in modern banking today.

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: Listin Diario

Progreso Executives Network with Cotui Customers

Cotuí. Executives from the Banco del Progreso networked with some clients from this part of the country, as a way to learn their expectations regarding service, and to introduce the new regional vicepresident for the Northen area, Eselia Báez.

The gathering, which took place at the Cotuí Social Club, was headed by Francisco Concepción, Senior VP of Personal Banking, whom thanked the support provided by customers to the bank within this community, and made them know that the entity executives are available to attend to their financial needs, as well as advise them on their investment projects.

The bank has developed this type of initiative, seeking to maintain a more dynamic relationship with its service users, according to the entity vision of materializing the progress aspirations for both the people and their businesses, in order to build an extraordinary future together.

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

Law Promotes Development of the Film Industry

Law Promotes Development of the Film Industry

Santo Domingo. The managing director of the consulting firm OMG, Leonel Melo Guerrero, pointed out that the Film Law, enforced last Tuesday by the Executive Power and presidential decree 370-11, which establishes its regulation of application, create a new legal framework that will potentialize opportunities for advancement and the expansion of this industry in the Dominican Republic.

Leonel Melo Guerrero, expressed himself in these terms upon his intervention in the forum “Film Law: investment perspective”, organized and hosted by the firm OMG, at the Garden Tent of the Hotel El Embajador.

The forum gathered local filmmakers and foreigners from the public and private sectors, as well as potential investors within the film industry, whom analyzed the most relevant aspects of law 108-10 of July 29 2010, as well as the investment opportunities that it represents for the country.

Melo Guerrero defined this Law and the Decree as “two avant-garde legal instruments of vast interest, that pursue to promote the production of Dominican film as well as international films inland, and that the necessary investments be made in order for these processes to take place, duly channeled via an intelligent incentives system, that is modeled parting from the most successful international experiences”.

Topics on the background, general aspects and organizational schematics of the Film Law, were developed by Laura Castellanos of Funglode, while the “Incentives Regime: Innovations of the Film Law and comparative jurisdictional study” was headed by Mónika Melo Guerrero and Marianna Vargas from OMG. During the panel regarding the legal framework participated Leticia Tonos, producer; Jaime Pina of Indomina, and Peyi Guzmán, of the Association of Film Industry Professionals (ADOCINE).

Industry Representatives:

TOPICS: The producer José Pintor aka “Pinky”, analyzed the “changes in the film industry: new ways to make business”.

Omar De la Cruz of Funglode, focused on the topic: “Development and promotion of Dominican culture through film”. The “Impact of the film industry in the economy” by Anthony Smith, of Indomina Group, and “Foreign Investment Perspective”, by Aguie Lendor, of the Center for Investment and Exports Promotion of the Dominican Republic (CEI-RD).

PARTICIPANTS: Present at the panel were Alfonso Rodríguez, producer; Manuel Corripio of the Corripio Communications Group; Ricardo Hazoury of Cap Cana, and Juan Vicini, of VICINI.

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: Listin Diario

An Initiative to Promote Film Education

INDOMINA: An Initiative to Promote Film Education

The ECC-RD delivered certificates to 39 Dominican students for the courses offered by the Center of Professional Formation of the Film Industry Union of Argentina (CFP-SICA).

The courses feature: Introduction to Gaffer and Grip Photography; Gaffer Training; Grip Training and Assistant Director, which were all hosted in the Loyola Polytechnic Institute of San Cristóbal.

Students were received in the FUNGLODE gallery, by distinguished members of the Dominican film industry, among them INDOMINA GROUP, a program collaborator in training programs, and by Elías Munoz, Advisor to ECC-RD, whom delivered the certificates.

Ellis Pérez, national film commissioner and director of DGCINE, was also present. Among the CFP-SICA faculty feature Aníbal Bosco, director of Photography, with vast trajectory in film production and over 15 years tenure.

Matías Boldt, one of the most renowned and experienced professionals in Argentinean film, he is responsiable for the Assistant Director training course.

Finally, José Cangelosi, Argentinean Key Grip of vast trajectory in film production, television series and commercial spots.

ECC-RD is an independent entity responsible for coordinating and offering specialized training programs, which abide by all international norms within the film industry and are destined to local film industry workforce.

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: Listin Diario

Executive Power Provides Tax Incentives to Film Industry

INDOMINA: Executive Power Provides Tax Incentives to Film Industry

SD. President Leonel Fernández, delivered last night the first two tax incentive certificates pertaining the the film productions “A Dark Truth”and “The King of Najayo”, during a ceremony hosted in the Ambassadors Hall of the Presidential Palace, featuring the presence of important personalities of the Dominican film industry.

The delivery of these certificates, which refund part of the tax duties paid by these productions, have as final aim to incentivize the film industry inland, as is contemplated by the Dominican Film Law, 108-10.

The certificates were received by Mr. Felipe Vicini, of INDOMINA, which provided all production facilities for filming in the country the Andy García film “A Dark Truth”, and businessman Rafael Núnez, of Entrepreneur Films, producer of “The King of Najayo”.

Ellis Pérez, National Film Commissioner, pronounced the main speech at the act, amid which he emphasized that the photos for the certificates delivery will be circulated worldwide.

“This moment is, after all, paramount, especially when this year we have projected between twelve to fifteen film productions in the Dominican Republic, including local and foreign productions”, said Pérez.

He revealed that in one year alone, Dominican film has taken some solid steps promoting itself worldwide in film festivals and other scenarios for the seventh art.

The ceremony featured among its attendees, the national film deputy director, Lorelay Castillo; the director of the CEI-RD, Mr. Eddy Martínez; the Deputy Director of the General Tax Department –DGII, Roberto Rodríguez, and the Deputy Minister of Culture, Alexander Santana, among other guests.

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

Javier Guerrero will be New CMO Treasurer at Progreso

SANTO DOMINGO. Banco del Progreso announced that Javier Guerrero Chércoles, whom with over 10yrs experience in local and international banking, will become its new CMO Treasurer, a decision that will help the financial entity promote new business.

Mr. Mark Silverman, CEO for Banco del Progreso, provided information. “This way, we conclude a series of strategic moves we had begun in order to focus our efforts in generation businesses that promote benefits for both our corporate and personal clients” noted Mr. Silverman.

Guerrero features a vast 12yr trajectory in Citigroup, working for this organization in Santo Domingo, Colombia and Miami, which he began in the year 2000. His last position within the organization as of 2006, was as Country Director for Fixed Income & Treasury. Previously he worked as Vice-president and Resident Treasurer.

With Guerrero at the wheel, the expectations are for the Treasury Department to emphasize its role as commercial assets agent, at the same time that it will be of great use to promote the development of new products for institutional, corporate and personal customers.

Within the last three years, Andrés Bordas had been serving as Vice-president of Treasury & Finance. With his work, Banco del Progreso achieved to concretize excellent negotiations and under his leadership he set the grounds for paramount work in the banking business segment. After Mr. Guerrero assumes his new post as CMO Treasurer, Mr. Bordas will continue to support the efficient and effective work carried out by the bank.

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

Parmalat is Now Part of Induveca

Parmalat is Now Part of Induveca

Ever since December 2003, when the Head Office of Parmalat in Italy filed for bankruptcy, the company Parmalat Dominicana has not enjoyed many stable moments.

It has passed through many hands, both local as well as international, but none of them has managed to make the company and its brands surpass the stagnation period it is experiencing.

Parmalat Milk, Santal Juice, Parmalat Evaporated Milk, Grisby Crackers, are some of the brands, that despite all, have maintained among the taste and choice of Dominicans.

Now that it passes on to a new Dominican management, and of a company as successful as Induveca, we wish them the best success.

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: Enfinanzasrd.net