Regulator approves merger of BHD and LEON banks
Santo Domingo.- The Monetary Board approved the merger of BHD and Leon banks at its most recent session, and takes effect tomorrow, July 1, as the Banco BHD Leon.
The Monetary Board resolution issued June 26 approved the merger, Banco BHD Leon said today in a statement.
The BHD was the third biggest bank after Popular and Reservas, whereas Leon was the fifth, behind Progreso.
During a three-month period both BHD and Leon customers will continue conducting transactions at the same branches and ATMs without any change, while the technological and operational integration process advances.
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