CaribPR Wire

Branch openings in Chile, the U.S. Virgin Islands and the Cayman Islands highlight continued global expansion for the world’s leading car rental business

ST. LOUIS, Jan. 30, 2024 /PRNewswire-HISPANIC PR WIRE/ — Enterprise Mobility is expanding its growing footprint in Latin America and the Caribbean to provide more vehicle rental and mobility options for both business and leisure travelers across the region.

Today, Enterprise Rent-A-Car branches open for the first time ever in Chile – and National Car Rental and Alamo branches are open once again since exiting during the pandemic – through franchise partner Mediterraneo Automotores S.A., part of Circulo Autos. Circulo Autos is a family-owned holding company with more than 30 years of experience in the mobility industry including a car dealership group that operates 18 locations across four cities in Chile.

Enterprise, National and Alamo brands will be available in five locations including two in the capital city Santiago as well as Talca, Linares and Antofagasta. Franchise expansion plans include introducing service to additional airports in Chile along with adding branches in other major city centers.

“Circulo’s robust infrastructure – dealerships, body shops, maintenance centers and more – provide an excellent foundation for future growth and expansion,” said Paulo Rodriguez, AVP of Global Franchising – Latin America and the Caribbean at Enterprise Mobility. “Expansion into Chile is an important part of our global growth plan, which is designed to ensure our customers have greater access to the brands they know and love, no matter where they travel.”

The opening in Chile is just one of numerous recent franchise openings across the region with Enterprise, National and Alamo branches being introduced for the first time ever in the U.S. Virgin Islands last month. Following the opening of its first location at the Cyril E. King Airport in St. Thomas, the largest international airport in the U.S. Virgin Islands, the business plans to open more franchise branches and provide service on the other two main islands of St. Croix and St. John.

The Cayman Islands also welcomed the Enterprise Rent-A-Car brand last month, with a new branch that services the Owen Roberts International Airport in Grand Cayman being established to complement the National and Alamo branches that were already in operation. Future plans in the region include a new tri-branded airport location featuring Enterprise, National and Alamo that will service the island of Virgin Gorda in the British Virgin Islands.

Enterprise Mobility, through its franchisees, now operates in more than 30 countries and territories in Latin America and the Caribbean, covering the vast majority of countries in the region. Established in 1957, the business has a global presence with a network of more than 9,500 neighborhood and airport rental locations in more than 90 countries and territories and 90,000-plus global team members.

“All of our partners provide the world-class customer service and operational excellence that our customers have grown to know and love,” said Rodriguez. “We’re thrilled to deliver more unforgettable customer experiences for business and leisure travelers across the region.”

For more information, visit www.enterprisemobility.com.

About Enterprise Mobility
Enterprise Mobility is a leading provider of mobility solutions including car rental, fleet management, flexible vehicle hire, carsharing, vanpooling, truck rental, luxury rental, retail car sales and vehicle subscription, as well as other transportation technology services and solutions, to make travel easier and more convenient for customers. Enterprise Mobility, inclusive of its subsidiaries and franchisees, and affiliate, Enterprise Fleet Management, manage a diverse fleet of 2.3 million vehicles through an integrated network of nearly 9,500 fully staffed neighborhood and airport rental locations in more than 90 countries and territories. Privately held by the Taylor family of St. Louis, Enterprise Mobility manages the Enterprise Rent-A-Car, National Car Rental and Alamo brands.

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MONTREAL, Jan. 15, 2024 /PRNewswire-HISPANIC PR WIRE/– Equisoft, a leading global digital solutions provider to the financial industry, is pleased to announce the opening of its new office in Trinidad, Port of Spain. This is Equisoft’s tenth international office and marks an exciting milestone for the company as it celebrates its 30^th anniversary.

This expansion reinforces the company’s position as a pioneer in digital transformation solutions for the financial services industry. Equisoft has been a major technology provider to insurers in the Caribbean since 2012. Equisoft’s work with close to twenty insurers in the region created the need for the new office to get closer to the market and customers and to address surging demands in the Caribbean.

This office location will provide optimal service to Equisoft’s current customers and position them to effectively meet the growing demand in the Caribbean.

“As we celebrate Equisoft’s 30^th anniversary, the opening of our new office in Port of Spain, Trinidad, stands as a testament to our commitment to innovation and client satisfaction. This expansion is a milestone for us and underscores our dedication to meeting the evolving needs of our clients and the industry” said Ruben Veerasamy, Equisoft Senior Vice President, Caribbean.

The new office is located at 11-13 Victoria Avenue, 2nd. Floor, Port of Spain, Trinidad.

About Equisoft

Founded in 1994, Equisoft is a global provider of advanced insurance and investment digital solutions. Recognized as a valued partner by over 250 of the world’s leading financial institutions, Equisoft offers a complete ecosystem of solutions, from innovative front-end applications to extensive back-office services and unique data migration expertise. The firm’s flagship solutions include SaaS policy administration, CRM, financial needs analysis, financial planning, asset allocation, fund and portfolio analysis, quotes and illustrations, electronic application, agency management systems, as well as customer, agent and broker portals. With its business-driven approach, deep industry knowledge, innovative technology, and multicultural team of experts based in North America, the Caribbean, Latin America, Europe, Africa, Asia and Australia, Equisoft helps its clients tackle any challenge in this era of digital disruption. For more information, please visit www.equisoft.com.

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CARIBPR WIRE, Dubai, UAE, Weds. January 3rd 2024: Vanguard MENA, a prominent private equity firm based in the Middle East, has unveiled the Gulf Career Program following the Global Labor Market Conference 2023 held in Riyadh, Saudi Arabia. Minister of Tourism Ahmed Al Khateeb emphasized the Kingdom’s commitment to generating 250,000 job opportunities for Expo 2030 and an additional one million jobs by that year during the conference.

Recognized by Vanguard MENA’s Managing Partner Jassim Al-Thani as a pivotal catalyst for regional growth, the Gulf Career Program focuses on the dynamic economies of the UAE and Saudi Arabia. With a global reach extending to 56 countries and a target of 100,000 participants, the program aims to stimulate international career development and attract talent to the vibrant Gulf region. Aligned with Saudi Arabia’s Vision 2030 and the UAE Economic Vision 2030, it underscores Vanguard MENA’s dedication to driving innovation and progress.

Supported by a substantial $10 million USD fund allocated for its development, the Gulf Career Program will back localized training initiatives, offer financial aid to selected regions, and strengthen its commitment to empowering the entire region. Participants will gain access to e-training platforms, global career seminars, and career mentorship.

Launching registration in stages, the program will progressively debut across diverse regions on www.gulfcareerprogram.com. This rollout encompasses North and South America, Europe, Africa, Asia, and The Caribbean, featuring tailored seminars and interviews. Serving as a vital link connecting global talent with opportunities in the GCC region, the initiative capitalizes on the unique strengths of Saudi Arabia and the UAE. Its objective is to establish a vibrant ecosystem, enabling professionals worldwide to actively contribute and thrive within the flourishing Gulf economies.

The Caribbean region takes the lead in open registration until February 15th, followed by scheduled regional interviews and career seminars locally hosted from March 12th. Individuals eager to pursue their ideal job and relocate to the Gulf region can register online at www.gulfcareerprogram.com.

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About Vanguard MENA

Vanguard LLC (MENA) is a premier private equity firm, recognized for its formidable leadership within the burgeoning Middle Eastern market. With assets under management reaching $124 billion, we are positioned at the forefront of driving growth and innovation in this dynamic region. Operating out of Dubai, United Arab Emirates, our strategic presence enhances our ability to capitalize on the high-growth opportunities that the Middle East offers. www.vanguardmena.com

For further media inquires or information please contact: [email protected]

EDITOR’S NOTE: A photo for use with this story can be accessed HERE

LOGO is accessible for download HERE

Providing a high degree of flexibility, configurability, and automation, Equisoft/manage, a cloud-based SaaS solution, will enable the Caribbean insurer to consolidate legacy systems, drive operational efficiency and quickly evolve its product offering.

PORT OF SPAIN, Trinidad, PHILADELPHIA and MONTREAL, Nov. 28, 2023 /PRNewswire-HISPANIC PR WIRE/ — Equisoft, a leading global digital solutions provider to the financial industry, is proud to announce the continuation of the successful implementation of its SaaS policy administration platform for Guardian Life Limited (Jamaica) (’GLL‘), a member of Guardian Group, the region’s largest insurance organization. The rapid deployment of this complex project required integrations with several internal and external systems.

“Implementing Equisoft/manage from our legacy systems enables us to launch products faster and consolidate multiple PAS into one modern system,” says Eric Hosin, Group Head of Life, Health, and Pensions, Guardian Holdings Limited. “Equisoft’s insurance solutions, data migration expertise, and proven track record in the Caribbean offer us the best combination to implement our digital transformation strategy.”

In the first phase of the project, Equisoft implemented the Equisoft/manage policy administration system for GLL’s individual and Group Health products as well as Group Life products. It is built on the Oracle Insurance Policy Administration platform.

During the course of the project, Equisoft’s data conversion and migration company, Universal Conversion Technologies (UCT) will be a key partner for the successful implementation of the modernization program.

“We are proud to partner with Guardian Life Limited, a company that is committed to providing their customers with the best digital experience, and we are thrilled that this complex project was implemented in a short period of time,” said Ruben Veerasamy, Senior Vice President, Caribbean, Equisoft. “Consolidating their legacy systems into one modern, cloud-based platform will enable them to become even more agile, accelerate product innovation and streamline operations. This partnership adds to our growing list of more than a dozen projects completed in the region.”

To learn more about Equisoft/manage, click here.

Founded in 1994, Equisoft is a global provider of advanced insurance and investment digital solutions. Recognized as a valued partner by over 250 of the world’s leading financial institutions, Equisoft offers a complete ecosystem of solutions, from innovative front-end applications to extensive back-office services and unique data migration expertise. The firm’s flagship solutions include SaaS policy administration, CRM, financial needs analysis, financial planning, asset allocation, fund and portfolio analysis, quotes and illustrations, electronic application, agency management systems, as well as customer, agent and broker portals. Equisoft is also Oracle’s largest and most experienced partner for the OIPA platform. With its business-driven approach, deep industry knowledge, innovative technology, and multicultural team of experts based in North America, the Caribbean, Latin America, Africa, Asia and Australia. Equisoft helps its clients tackle any challenge in this era of digital disruption. For more information, please visit www.equisoft.com.

GLL is an assurance company established in Jamaica since August 1999. The company is engaged in the underwriting of all classes of long-term insurance business. GLL is managed by a President who is responsible to a Board of Directors for the operation of its business. GLL’s policies are sold by employed insurance advisers and brokers. We operate ten branches in Jamaica and deliver superior service by focusing on customer needs and operational excellence.

We are the company of choice in Jamaica for our insurance solutions, financial strength and outstanding service-delivery achieved through our superior team, corporate citizenship, and authentic appeal. GLL is the only harbor for your investments, allowing you to get on with living life to the fullest.

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CARIBPR WIRE, Basseterre, St. Kitts, June 29, 2023: International investors have been clamouring to take advantage of one of the best deals in the investment migration industry this year – St Kitts and Nevis’ Sustainable Growth Fund (SGF) Limited Time Offer (LTO) which allows investors to gain approval for alternative citizenship in the country in as little as 60 days for a reduced fee.

In December 2022, the St Kitts and Nevis Head of the Citizenship by Investment Unit (CIU), Michael Martin, announced the enactment of the updated St Kitts and Nevis Citizenship by Investment Regulations 2023, which included the introduction of the LTO for the SGF investment option effective 1 January 2023 – 30 June 2023.

On 29 June 2023, Michael Martin made the following comment regarding the LTO:

“We have received an overwhelming response and demand for our Sustainable Growth Fund investment option through the Limited Time Offer and felt that we had to extend the offering for another seven months until 31 January 2024. International investors continue to see the value of the world’s first and finest Citizenship by Investment Programme and this proves it”.

The SGF remains the quickest and easiest route to alternative citizenship in St Kitts and Nevis and now until 31 January 2024, a main applicant can acquire alternative citizenship by contributing only US$125,000 to the SGF and receiving approval in principle within 60 days of acknowledgement by the CIU of submission of their application.

Under the LTO, the minimum SGF contributions are as follows:

• Single applicant – US$ 125,000
• Main applicant and a spouse – US$150,000

• Main applicant and up to three dependants – US$170,000
• Each additional dependant under 18 – US$10,000
• Each additional dependant over 18 – US$25,000

Revenue from the SGF has facilitated economic development and social upliftment in the country. The SGF is used to provide financial support to educational institutions, and medical facilities, as well as support infrastructural development, increase tourism, preserve local culture and heritage and support sustainable growth initiatives in the twin-island nation.

Discerning investors are seeing the benefits of being part of St Kitts and Nevis’ success story. Following upgrades to the CBI Regulations, the country now offers one of the most secure and best-regulated investment migration offerings in the world.

This means that international investors looking to hedge their bets in a stable and growing economy should look no further than St Kitts and Nevis.

This extension is a fantastic opportunity for investors to obtain citizenship through the LTO. This is a final extension and from 1 February 2024, the minimum SGF contribution will increase to the amounts prior to the LTO period.

The country is making sure that it has only the best to offer international entrepreneurs and families who have realised that global powerhouses are no longer illustrious investment options due to security risks. Investors want to ensure that they can safeguard their families and wealth in a global economy that has been offering nothing but uncertainty since the onset of the COVID-19 pandemic in 2020.

Smaller governments such as that of St Kitts and Nevis have found ways, through CBI, to protect themselves from global shocks, offer favourable business policies aimed at growing corporations in international markets and, by using international funds channelled to the SGF, can diversify and grow their economy to meet global needs.

St Kitts and Nevis continues to create a name for itself as a financial nexus in the Caribbean with an attractive CBI programme underpinned by a sound legal framework and robust multi-layered due diligence.

For nearly 40 years, St Kitts and Nevis has been the pioneer of the global investor immigration industry and those who recognise this are taking advantage of the LTO.

St Kitts and Nevis continues to create a name for itself as a financial nexus in the Caribbean with an attractive CBI programme underpinned by a sound legal framework and robust multi-layered due diligence.

For nearly 40 years, St Kitts and Nevis has been the pioneer of the global investor immigration industry and those who recognise this are taking advantage of the LTO.

Dynamic Leader Brings 20+ Years of Operations Experience to Award-Winning BPO

ibex Appoints Tamara Ricketts-Brown Jamaica Country Manager

Tamara Ricketts-Brown Jamaica Country Manager press release graphic

CARIBPR WIRE, KINGSTON, Jamaica, June 28, 2023: ibex (NASDAQ: IBEX), a leading global provider of business process outsourcing (BPO) and customer engagement technology solutions, today announced that Tamara Ricketts-Brown has been appointed Senior Vice President and Country Manager of ibex in Jamaica.

With more than 20 years of experience serving the Retail, Travel, Finance, and Insurance verticals and leading multiple departments, including HR, Recruiting, Facilities, Security, and Employee Engagement, Ricketts-Brown will lead ibex’s operations in Jamaica and report to David Wilkerson, EVP of Operations at ibex.

“We are delighted to welcome Tamara to the growing ibex family,” said David Afdahl, Chief Operations Officer at ibex. “A dynamic operations leader with deep CX experience and a proven track record of success in managing and developing large teams, Tamara is the ideal person to drive our continued growth and success in Jamaica.”

Prior to joining ibex, Tamara was with Sutherland Global Services for five years. Previously, she spent more than 13 years at Xerox in multiple senior-level roles, including Division Vice President. Tamara holds an MBA from the University of Sunderland.

“I am excited to join ibex and lead the company’s fast-growing operations in Jamaica,” said Ricketts-Brown. “ibex brings together the best talent, training, culture, and technology in Jamaica to deliver amazing customer experiences for many of the world’s leading brands. I look forward to applying my skills, expertise, and passion to build on ibex’s tremendous success by developing and implementing initiatives that create an even better experience for our employees and greater value for our clients.”

Since opening its first site in Jamaica in 2016, ibex has been recognized for its culture, employee experience and development, and service, having been selected as Best Place to Work for Women in Central America and the Caribbean by Great Place to Work, Nearshore Company of the Year by Nearshore Americas, and Central America and Caribbean Company of the Year by Frost & Sullivan.

About ibex
ibex delivers innovative business process outsourcing (BPO), smart digital marketing, online acquisition technology, and end-to-end customer engagement solutions to help companies acquire, engage, and retain valuable customers. Today, ibex operates a global CX delivery center model consisting of 34 operations facilities around the world, while deploying next-generation technology to drive superior customer experiences for many of the world’s leading companies across retail, e-commerce, healthtech, fintech, utilities and logistics.

ibex leverages its diverse global team of over 30,000 employees together with industry-leading technology, including its Wave X platform, to manage nearly 200 million critical customer interactions, adding over $2.2B in lifetime customer revenue each year and driving a truly differentiated customer experience. To learn more, visit our website at ibex.co and connect with us on LinkedIn.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/40f206fa-e9f1-4481-8151-f857c91697af

ibex nombra a Tamara Ricketts-Brown gerente de país en Jamaica

Líder dinámica aporta más de 20 años de experiencia en operaciones al galardonado BPO

ibex nombra a Tamara Ricketts-Brown, gerente de país en Jamaica

Comunicado de prensa gráfico de Tamara Ricketts-Brown, gerente de país en Jamaica

CARIBPR WIRE, KINGSTON, Jamaica, June 28, 2023: ibex (NASDAQ: IBEX), un proveedor líder mundial de outsourcing de procesos empresariales (BPO) y soluciones de tecnología de participación del cliente, anunció hoy que Tamara Ricketts-Brown fue nombrada vicepresidenta sénior y gerente de ibex en Jamaica.

Con más de 20 años de experiencia sirviendo a los sectores minorista, viajes, finanzas y seguros y liderando varios departamentos, incluyendo recursos humanos, reclutamiento, instalaciones, seguridad y participación de los empleados, Ricketts-Brown liderará las operaciones de ibex en Jamaica y se reportará a David Wilkerson, vicepresidente ejecutivo de operaciones de ibex.

“Estamos muy contentos de dar la bienvenida a Tamara a la cada vez más extensa familia ibex”, dijo David Afdahl, director de operaciones de ibex. “Una líder dinámica en operaciones con una profunda experiencia en CX (experiencia del cliente) y una trayectoria comprobada de éxito en gestión y desarrollo de grandes equipos, Tamara es la persona ideal para impulsar nuestro crecimiento y éxito continuos en Jamaica”.

Antes de unirse a ibex, Tamara trabajó en Sutherland Global Services durante cinco años. Anteriormente, permaneció más de 13 años en Xerox en varios roles de nivel ejecutivo, como vicepresidenta de división. Tamara cuenta con un MBA de University of Sunderland.

“Estoy muy emocionada de unirme a ibex y liderar las operaciones de rápido crecimiento de la empresa en Jamaica”, dijo Ricketts-Brown. “ibex reúne el mejor talento, capacitación, cultura y tecnología en Jamaica para ofrecer experiencias increíbles al cliente para muchas de las marcas líderes mundiales. Espero aplicar mis conocimientos, experiencia y pasión para continuar el extraordinario éxito de ibex con el desarrollo e implementación de iniciativas que crean una experiencia aún mejor para nuestros empleados y un mayor valor para nuestros clientes”.

Desde la apertura de su primer sitio en Jamaica en 2016, ibex fue reconocida por su cultura, experiencia, desarrollo del empleado y servicios y fue seleccionada como el Mejor lugar para trabajar para la mujer en Centroamérica y el Caribe por Great Place to Work, Empresa Nearshore del año por Nearshore Americas y Empresa del año en Centroamérica y el Caribe por Frost & Sullivan.

Acerca de ibex
ibex ofrece outsourcing de procesos empresariales (BPO) innovadores, marketing digital inteligente, tecnología de adquisición en línea y soluciones de participación del cliente de extremo a extremo para ayudar a las empresas en la adquisición, participación y retención de clientes valiosos. Hoy, ibex opera un modelo de centro de entrega de experiencia del cliente (CX) global que consiste de 34 instalaciones de operaciones en todo el mundo, al mismo tiempo que implementa tecnología de última generación para promover experiencias superiores para el cliente para muchas de las empresas líderes mundiales en los sectores minorista, comercio electrónico, tecnología de salud, tecnología financiera (fintech), servicios públicos y logística.

ibex aprovecha su diverso equipo global de más de 30.000 empleados junto con tecnología líder en el sector, incluyendo su plataforma Wave X, para la gestión de cerca de 200 millones de interacciones críticas con clientes, añadiendo más de $2.2 mil millones en ingresos vitalicios de clientes cada año e impulsando una experiencia de cliente verdaderamente diferenciada. Para más información, visite nuestro sitio web ibex.co y comuníquese con nosotros en LinkedIn.

na foto asociada con este comunicado de prensa está disponible en https://www.globenewswire.com/NewsRoom/AttachmentNg/40f206fa-e9f1-4481-8151-f857c91697af/spa

This agreement will focus on enabling intra and inter regional payments and expanding financial inclusion in the Caribbean.

CARIBPR WIRE, Miami, Florida, Mon. June 12th, 2023 – Mastercard, a global technology company in the payments industry, has announced the signing of a Memorandum of Understanding (MoU) with the Caribbean Association of Banks Inc (CAB), the representative body and recognized voice for banks and other financial institutions in the Caribbean.

The partnership’s central objective is to enable cross-border payments across all CAB member jurisdictions, as a powerful tool to tend to the region’s unbanked and underbanked populations and bolster financial inclusion and economic growth. As part of its commitment, Mastercard will activate its technology, resources, and expertise to help banks successfully integrate this innovative solution into their product offerings, as well as share its knowledge and educational platforms to raise awareness among citizens and small business owners on the benefits of this service and other digital financial tools that can help them reach their fullest potential and improve their living standards.

Mayra Vivacqua, Cluster Lead for Mastercard Caribbean (West & Dutch, Jamaica & East Caribbean, and Puerto Rico), said “We are thrilled to enter into this partnership with the Caribbean Association of Banks Inc, which will drive the region’s digitalization and offer customers across various sectors, including consumers, SMEs, government agencies, B2B, and commercial entities, a safer, easier, and more convenient way of transferring money across borders. The knowledge and data we will leverage from this collaboration will enable us to advance financial inclusion and stimulate economic growth in the Caribbean region.”

Mastercard Cross-Border Services help banks modernize and optimize their global payments business to deliver an experience for people and businesses that is secure, seamless, and certain. Ultimately, the collaboration between Mastercard and the Caribbean Association of Banks Inc will provide unbanked and underbanked populations in the English Caribbean access to modern financial services, allowing them to enjoy the benefits of the digital economy and providing them with priceless payment experiences.

“I am profoundly satisfied at the successful execution of this Memorandum of Understanding. Cognizant of the immense challenges faced by the region, concerning intra and inter regional payments, primarily as a result of the onslaught of de-risking activity, this is certainly a step in the right direction and exemplifies the tireless efforts of the CAB to identify innovative solutions to the challenges of present”, stated Wendy Delmar, Chief Executive Officer of the Caribbean Association of Banks Inc. “The CAB acknowledges the increasing costs and complexity related to the transfer of funds among jurisdictions and is pleased to provide an option to the public via our member banks that is cost efficient and underpinned by the adoption of technology”, she added.

This partnership is part of Mastercard’s commitment to offering solutions that respond to specific market needs, benefiting millions of people in the Caribbean and taking a significant step towards achieving financial inclusion in the region.

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About Mastercard (NYSE: MA) www.mastercard.com

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible. Using secure data and networks, partnerships, and passion, our innovations and solutions help individuals, financial institutions, governments, and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

EDITOR’S NOTE: A photo for use with this story is available HERE

PHOTO CAPTION: L-R: Mayra Vivacqua, Cluster Lead for Mastercard Caribbean (West & Dutch, Jamaica & East Caribbean, and Puerto Rico and Wendy Delmar, Chief Executive Officer of the Caribbean Association of Banks Inc.

TORONTO and SANTO DOMINGO, Dominican Republic, March 1, 2019 /PRNewswire-HISPANIC PR WIRE/ – Scotiabank announced today that it has successfully completed the acquisition of 97.44% of Banco Dominicano del Progreso (BDP), after receiving regulatory approval by the Superintendency of Banks and the Monetary Board of the Central Bank of the Dominican Republic.

“We are excited to have completed this transaction that is fueled by the strategy of gaining greater scale in economically stable markets with prospects for growth, and allows us to expand and strengthen our operations in the country. We are building a leaner, more modern digital bank, to continue improving our customers’ experience with enhanced financial services and products” said Gonzalo Parral, CEO, Scotiabank Dominican Republic.

With the closing of this acquisition, Scotiabank doubles its customer base and strengthens its fourth-place position in terms of assets in full-service banking and its third-place ranking in the credit card segment in the Dominican Republic, with a 17% share of the market. The acquired Banco Dominicano del Progreso operations include 57 branches, 184 ABMs and more than 160 banking sub-agents, which serve more than 250,000 personal and commercial banking customers.

For further information on the integration stage, please visit www.scotiabank.com.do and www.progreso.com.do.

About Scotiabank
Scotiabank is Canada’s international bank and a leading financial services provider in the Americas. We are dedicated to helping our more than 25 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 98,000 employees¹ and assets of over $1 trillion (as at January 31, 2019), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.

¹Employees are reported on a full-time equivalent basis.