Banco Popular Dominicano

Complying with the effective monetary legislation at the time, Banco Popular Dominicano was founded the 23rd of August 1963, opening its doors to the public on January 2nd, 1964, distinguishing itself since its commencements for offering credit facilities to undersized industries, for attending the needs for savings and loans to the rural sector, and for the opening of savings accounts and comptes courantes with low deposit amounts. The young banking entity pioneered in all these avant garde attributes, and little time went by before it became as popular among the Dominican population as was intended. Its growth was gradual and continuous, opening commercial offices where the populace cores that required banking services were detected, covering all urban centres as also regional and small coastal towns. During the year it had recently finalized, for example, branch offices were inaugurated in the capital as also in Dajabón, Las Matas de Farfán, La Romana, and La Vega among others of the country’s communities. During the 70’s decade, after earning the trust of Dominicans, Banco Popular, consolidated its maturity phase and initiated a phase of expansion during the 80’s which commenced in the 90’s and presently continues in this first decade of the 21st Century. The fruition of Popular has also included the strengthening of its associations with banking entities overseas: from the channeling of loans of the FIDE Fund, and the incursion in foreign financial systems under the shadow of Grupo Popular in the 70’s until the settling of cooperation connections with the European banking structure by ends of the 90’s. During these 40 years of uninterrupted service, Banco Popular has been presided by three distinguished bankers: from 1963-1986 by its founder Alejandro E. Grullón, current chairman of the Board of Directors for Grupo Popular, from 1986 to 1990 by Mr. Pedro A. Rodríguez who is currently a member of the Board of Directors, and from March 1990 to present times by Mr. Manuel Alejandro Grullón, who is also CEO for Banco Popular Dominicano. All of them have granted priority to the principles of attachment to the constitutive norms of the banking entity, to the strict fulfillment of the country’s banking regulations and the international banking context, as also to the adhesion of functional and effective internal governance mechanisms for the institution, in benefit of its shareholders, depositors and clients, as also in the nation’s best interest. Presently, Banco Popular’s client portfolio rises to 1,600,000.00 whose financial needs are assisted by an experienced team of 4,500 employees throughout a network of 183 offices and over 400 ATM’s distributed nationwide.

Address: Av. John F. Kennedy #59 Ens. Naco, Santo Domingo, Distrito Nacional, Dominican Republic

Phone: +1 809 544 5900
FAX: +1 809 544 5998