IMPULSA FORUM BY BANCO POPULAR GATHERS OVER 1,000 SMEs

EL NUEVO DIARIO, SANTO DOMINGO.- Businessmen Felipe Vicini, executive chairman of INICIA; Marcial Najri, EVP of Grupo Najri, and Manuel A. Grullón, chairman of Banco Popular and Grupo Popular, hosted a conference on the keys to leadership and the challenges the business world faces today, before an attending audience of 1500+ SMEs, during the 4th Edition of the IMPULSA Business Forum, hosted by Banco Popular Dominicano.

Created to serve as an annual rendezvous for the Dominican SME sector, on occasion of this new edition of the Impulsa Business Forum, the guest speakers presented their key principles in business management, their entrepreneurial spirit, and their long-term vision, elements that have allowed their corporations to transcend in time, and consolidate leader positions.

Passion for your work, the best team and business ethics

In this sense, during his dissertation, Mr. Manuel Grullón, exhorted the audience to work with love and passion, to ensure collaborator engagement, to surround themselves with the best teams, seek guidance from mentors and advisors, learn each day to analyze their environment and innovate, creating companies that are human, where its staff follows in the footsteps of ethics and values in both business and everyday life.

The Banco Popular and Grupo Popular chairman also stressed on the importance of making analysis-based decisions, with calculated risks, but at the same time making room for intuition. “If our intuition doesn’t tell us the same that our mind does, when we must delay the final decision until the two are in harmony. We need to be careful when making decisions, we need to put a safety belt on risk”, Grullón ensured

Sacrifice, perseverance and long-term goals

During his presentation, Marcial M. Najri, stressed to all SMEs, that the business and personal success are “the result of sacrifice, dedication, perseverance, savings and family unity”, applied to “a long-term vision of reaching and surpassing goals”.

SOURCE: http://elnuevodiario.com.do/app/article.aspx?id=501282

About INICIA:
INICIA is a private asset management firm that operates through partnerships with unique managers focused on the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.

IMPULSA FORUM BY BANCO POPULAR GATHERS MORE THAN 1,000 SMEs

Santo Domingo, D.R.- Businessmen Felipe Vicini, executive chairman of INICIA; Marcial Najri, EVP of Grupo Najri, and Manuel A. Grullón, chairman of Banco Popular and Grupo Popular, hosted a conference on the keys to leadership and the challenges the business world faces today, before an attending audience of 1500+ SMEs, during the 4th Edition of the IMPULSA Business Forum, hosted by Banco Popular Dominicano.

Created to serve as an annual rendezvous for the Dominican SME sector, on occasion of this new edition of the Impulsa Business Forum, the guest speakers presented their key principles in business management, their entrepreneurial spirit, and their long-term vision, elements that have allowed their corporations to transcend in time, and consolidate leader positions.

In this sense, during his dissertation, Mr. Manuel Grullón, exhorted the audience to work with love and passion, to ensure collaborator engagement, to surround themselves with the best teams, seek guidance from mentors and advisors, learn each day to analyze their environment and innovate, creating companies that are human, where its staff follows in the footsteps of ethics and values in both business and everyday life.

The Banco Popular and Grupo Popular chairman also stressed on the importance of making analysis-based decisions, with calculated risks, but at the same time making room for intuition. “If our intuition doesn’t tell us the same that our mind does, when we must delay the final decision until the two are in harmony. We need to be careful when making decisions, we need to put a safety belt on risk”, Grullón ensured. During his presentation, Mr. Marcial Najri pointed to the SMEs that “the business and personal success of all SMEs  is the result of sacrifice, dedication, perseverance, savings and family unity”, all of them applied to a “long-term vision to achieve goals”.

When speaking  about his family’s business development, Najri highlighted that a determining factor in their success has been the recruitment of skilled workers, all of them displaying ethics, honesty and integrity; at the same time, family unity in and outside the business settings, as well as a well-established corporate governance, which goes hand in hand with a family structure, which have been key to their permanence. Thus, the same values and principles which gave way to SMEs, remain sacred to this day”, Najri expressed.

Meanwhile, Felipe Vicini, INICIA chairman, highlighted the elements which to the best of his knowledge influence on the transcendence in time of a company, such as are “business redesign, long-term vision, faith in a nation’s progress, a low profile and family unity”.

SOURCE: http://www.cdn.com.do

About INICIA:
INICIA is a private asset management firm that operates through partnerships with unique managers focused on the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.

PRIMMA VALORES, A VICINI COMPANY, APPOINTS LAURA HERNÁNDEZ AS ITS NEW CEO

Santo Domingo, Dominican Republic. – The Board of Directors of Primma Valores appointed Mrs. Laura Hernández as its new stock exchange CEO as was informed through an official press release by the organization. Hernández who previously served as Business VP at Primma Valores, assumed her new position on November 4th, date of formal notification to the Securities Superintendency.

The chairman of Primma Valores, Ramón Tarragó, stated through a press release that “the professional and humane qualities of Laura Hernández, combined with her experience in the financial sector, point us in a very promising strategic pathway aligned to the vision and values of our institution”.

Professional Experience:

Laura Hernández possesses an experience comprising over 18 years in the financial sector. The majority thereof in Grupo Popular, where she headed the Securities and Stock Exchange Division.

With her designation, Hernández comes to form part of the exclusive Female CEOs club in the Dominican Republic, a country where there are currently 20 stock exchange entities all throughout the nation, though the majority are based in Santo Domingo.

Primma Valores is a Stock Exchange Fund regulated by the Securities Superintendency of the Dominican Republic, and began its formal operations in 2014, as is already one of the big league players in the securities market if measured by the achieved business volume”, as was highlighted in a press release and made known to all media representatives.

SOURCE: http://www.7dias.com.do

PRIMMA VALORES APPOINTS NEW CEO

Santo Domingo, Dominican Republic. – The Board of Directors of Primma Valores appointed Mrs. Laura Hernández as its new stock exchange CEO, the organization informed through an official press release. Hernández who previously served as Business VP at Primma Valores, assumed her new duties on November 4th, date of notification to the Securities Superintendency.

The chairman of Primma Valores, Ramón Tarragó, stated through a press release that “the professional and humane qualities of Laura Hernández, combined with her experience in the financial sector, point us in a very promising strategic pathway aligned to the vision and values of our institution”.

Professional Experience:

Laura Hernández possesses an experience comprising over 18 years in the financial sector. The majority thereof in Grupo Popular, where she headed the Securities and Stock Exchange Division.

With her designation, Hernández comes to form part of the exclusive Female CEOs club in the Dominican Republic, a country where there are currently 20 stock exchange entities all throughout the nation, though the majority are based in Santo Domingo.

Primma Valores is a Stock Exchange Fund regulated by the Securities Superintendency of the Dominican Republic, and began its formal operations in 2014, as is already one of the big league players in the securities market if measured by the achieved business volume. Also, it is a company among the financial services asset portfolio managed by VICINI.

SOURCE: http://www.listindiario.com

PRIMMA VALORES APPOINTS NEW CEO

Laura Hernández comes to join the Female Stock Market CEOs Club in the D.R

SANTO DOMINGO, Dominican Republic. – The Board of Directors of Primma Valores appointed Mrs. Laura Hernández as its new stock exchange CEO, the organization informed through an official press release.

Hernández who previously served as Business VP at Primma Valores, assumed her new duties on November 4th, date of notification to the Securities Superintendency.

The chairman of Primma Valores, Ramón Tarragó, stated through a press release that “the professional and humane qualities of Laura Hernández, combined with her experience in the financial sector, point us in a very promising strategic pathway aligned to our values and institutional vision”.

Laura Hernández has worked over 18years in the financial sector. The majority thereof in Grupo Popular, where she headed the Securities and Investment Fund.

With this appointment, Hernández comes to form part of the exclusive Female CEOs club in the Dominican Republic, a country where there are currently 20 stock exchange entities all throughout the nation, though the majority are based in Santo Domingo.

Primma Valores is a Stock Exchange Fund regulated by the Securities Superintendency of the Dominican Republic, and began its formal operations in 2014, as is already one of the big league players in the securities market if measured by the achieved business volume. Also, it is a company among the financial services asset portfolio managed by VICINI.

SOURCE: http://acento.com.do

 

Banco del Progreso Credit Portfolio Increases by 19.5%

SANTO DOMINGO. The Chairman of the Banco del Progreso Board of Directors, Juan Vicini Lluberes, announced the increase registered in the entity portfolio by over 2 billion in its credit shares, hence attaining a percentage growth of 19.5%.

A press release issued by the banking entity, upon closing FY 2013, the Progreso assets portfolio totaled RD$42,137 million, translating to an increase of 7.6% versus FY 2012.

At the same time, total deposits increased by RD$2,264 million, for a total of RD$36,684 million. The credit portfolio grew by RD$15,955 million, hence equaling a registered growth of 19.5% versus last year.

The Financial Margin increased by RD$2,891 million, hence 27.4% increase, and promoting net benefit growth to 16.1% upon reaching the sum of RD$640.3million.

“This favorable result was achieved without affecting the quality o f our credit portfolio. Taking this variable into account and the fact that our solvency rate was preserved by 12.81%, above the 10% required by the monetary and financial authorities, Progreso did not only grow in 2013, but also strengthened its KFIs”.

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 Increased its Credit Portfolio

Santo Domingo

The Chairman of the Banco del Progreso Board of Directos, Juan B. Vicini Lluberes, announced that this financial entity increased by over 2 Billion its credit porfolio shares, hence registering an increase by 19.5%, according to information made public during their General Ordinary Assembly.

Upon closing FY2013, the Progreso assets totaled the sum of RD$42,137 billion, hence registering an increase of 7.6% with respects to FY 2012. At the same time, total deposits summed RD$2., 264 million for a total of RD$36,684 million. The credit portfolio increased to RD$15,955 million, which translated to a registered growth of 19.5% in comparison with the previous closing.

Through a press release, Vicini Lluberes indicated that the gross financial margin increased to RD$2,891 million, achieving an increase of 27.4% promoting growth in the net results by 16.1%.

This favorable result was attained without affecting the quality of the loan portfolio. Considering this variable and the fact that our credit rating was preserved by 12.81%, above the 10% required by the monetary and financial authorities, Progreso not only grew in 2013, but also strengthened its key financial indicators “. Vicini also noted that “in order to ensure continuity and sustainability of these results, in the month of September approved the 2014-2018 Strategic Plan of the Banco del Progreso, which clearly states the goals, guidelines and actions necessary for a sustained growth of this institution at all levels. “

Technology

In the services and quality support areas, the banking entity has invested greatly in restructuring its physical infrastructure with cutting edge technology and the incorporation of a series of new functionalities. Also, trained staff according to the highest quality standards, Vicini expressed. “The values which distinguish us, as are respect, integrity, passion, entrepreneurship, excellence and analysis, are the core principles we abide by to advance towards achieving our goals for sound growth, and a greater closeness with our clientele, whom are our strategic partners in building together a sustainable future.

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

Banco del Progreso Got “Positive” and BBB+ Ratings

Santo Domingo

International Risk Grading Firm Feller Rate ratified the solvency and long-term deposits of Banco del Progreso with BBB+. This report reveals that with respects to last year, Progreso improved its perspective from “Stable” to “Positive”, distinguishing also that the entity has generated greater control and has strengthened its risk and culture governance.

Corporate Governance:

The grading firm considered that “the grade assigned to Banco Dominicano del Progreso is sustained on the consolidation of its internal structures and corporate governance, as well as in the proper development and compliance of its strategic plan, which has resulted in an increase of its generation capacity”.

Also pointed out was the positive evolution of its solvency indicators, which have seen benefits as a result of the bank’s policy to capitalize at 100% its utilities, as well as the total capitalization of its subordinate debt.

“The report discloses that Banco del Progreso increased versus last year, its perspectives from Stable to Positive, pointing out the continuous strengthening of its entity and the improvement in its generation capacity.

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

New Credit Card to Chamber Member is Launched

SANTO DOMINGO. During an activity hosted in Cava Alta, the Spanish Chamber of Commerce, Industry and Tourism in the Dominican Republic, announced its alliance with Banco del Progreso to launch the members-only American Express Card.

The president of the Chamber, José Antonio Alvarez, was responsible for thanking Banco del Progreso for its trajectory of support and the significance it holds in the national economy, for taking that step and becoming an ally to all members, allowing them access to all the advantages that come with holding an international credit card.

On behalf of the bank, thanks were given by María Lovatón, manager, whom thanked the chamber for the bestowed-upon trust.

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

Progreso Inaugurates New Services Center

Santiago

Banco del Progreso expanded its financial services offer in the Cibao region with the opening of a new control center in the Paseo de Santiago, inaugurated this year by Centro Cuesta Nacional (CCN) in this city.

According to the entity, this is the third services center that Banco del Progreso inaugurates in the Supermercado Nacional establishments, two in the capital and this one in Santiago, hence achieving to serve a greater amount of customers.

The inauguration act was headed by Francisco Concepción, Senior VP Personal Banking; Massimiliano Sfara, Deputy VP Operational Marketing; Eselia Báez, Deputy VP Business North Region, and other executives.

Also among the attendees, was Yoel Castro, manager for Supermercados Nacional Paseo Santiago. The blessing was issued by Lucas Cruz Martínez of the Holy Trinity Parrish.

Concepción pointed out that Banco del Progreso is aware of the economic importance it has in Santiago, therefore it has staked on solidifying its presence in this important and influential province located north of the country.

“At Progreso we seek to make a reality the aspirations of progress our clients have, and what better way than this to achieve it, by working closely with them and facilitating the proper tools to make business? We are reinforcing our presence in Santiago because we thank the province for its support”, Concepción said.

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