Banco Activo Dominicana announces exit from the National Financial System

Banco Múltiple Activo Dominicana, SA, announced this Friday its “voluntary” exit from the National Financial System.

This action, according to the aforementioned bank, will be carried out through a request to the Superintendency of Banks of the Dominican Republic, through the Subsidiary Mechanism for Voluntary Liquidation.

This was reported by the bank in a statement.

In the same way, in the aforementioned document it was indicated that citizens who have deposits, accounts receivable or any other type of credits with the bank, visit the office of the entity located on Tiradentes avenue, Galerías de Naco, on Monday hours to Friday from 8:00 a.m. to 5:00 p.m. and Saturdays from 9:00 a.m. to 1:00 p.m.

However, they indicated that this will be available in a period of 180 days, in which “all deposits and other liabilities required will be compensated.”

Despite the foregoing, Banco Múltiple Activo Dominicana assured that its users will be able to continue making transactions with their credit and debit cards visa banco active; credit card payments, loans and any type of transaction through internet banking.

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Banco Múltiple Activo Dominicana began its operations in the Dominican Republic in June 2016 and has 4 branches. According to the Superintendency of Banks, it manages around RD$2,130.82 million in assets.

BELOW, THE UNEDITED RELEASE:

“Customers, related parties and the general public are notified that Banco Múltiple Activo Dominicana, SA, has requested the Superintendency of Banks of the Dominican Republic to leave the National Financial System, through the Subsidiary Mechanism for Voluntary Liquidation, according to with the provisions of article 65, literal b) of Law No. 183-02, Monetary and Financial, of November 21, 2002; Article 47, numeral 1), letter d) of the Regulations for the Opening and Operation of Financial Intermediation Entities and Representation Offices, approved by the Monetary Board in its First Resolution of May 11, 2004; and the Regulation of Voluntary Liquidation of Financial Intermediation Entities approved by the Monetary Board in its Second Resolution, dated April 27, 2017.

In this sense, anyone who has debts with Banco Múltiple Activo Dominicana, SA, such as deposits or accounts receivable, in this entity is invited to visit our office located on Tiradentes avenue, Galerías de Naco.

You are also informed that this process of Voluntary Liquidation of obligations has a term of one hundred and eighty (180) days, period within which all deposits and other payable liabilities will be compensated.

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