Banco CTIVO: A Major Acquisition in the Dominican Financial Market

In a strategic move to strengthen its position within the sector, Banco Atlántico de Ahorro y Crédito has successfully acquired the savings and credit portfolio of Banco Activo. This significant acquisition was announced by Emilio Hasbún, President of the Board of Directors of Banco Atlántico.

According to Hasbún, the acquisition includes 88.1% of the credit portfolio, including certificates of deposit held by Banco Activo's clients. The takeover is effective as of December 2023, following authorization from the Monetary Board.

Banco Atlántico has demonstrated its commitment to this acquisition by emphasizing its role in enhancing its impact on the Dominican financial market. This move will allow the bank to continue fostering a culture of excellence in service, offering personalized attention to clients, and developing innovative financial solutions to enhance the overall value provided to customers.

In adherence to monetary and financial regulations, Banco Atlántico assures that it will uphold and honor the terms and conditions of each client's products. The bank is dedicated to ensuring a seamless integration process, aiming to provide a memorable experience for all clients during this transition.

This acquisition marks an important milestone in Banco Atlántico's growth strategy, solidifying its position as a major player in the Dominican financial market. With this expanded portfolio, the bank is well-positioned to continue providing high-quality services and products to its customers, while also driving innovation and growth in the sector.

The Portuguese Securities Code (Código dos Valores Mobiliários) governs this public offer, which is only addressed to persons who are lawfully permitted to receive it. Due to legal restrictions applicable in other countries, including the United States of America and the United Kingdom, specific references have been made in English for 'US Persons' under US laws or 'relevant persons' under UK laws.

As a result of this acquisition, Banco Atlántico is now responsible for all active and passive accounts of Banco Activo, ensuring a smooth transition for clients and a continued commitment to providing exceptional service. With this major acquisition, Banco Atlántico has taken a significant step forward in its efforts to establish itself as a leading financial institution in the Dominican Republic.

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