He BHD Bank, originally known as Dominican Mortgage Bank, was founded on July 24, 1972 by Samuel Conde Sosa and a group of visionary entrepreneurs, including Antonio Haché, Manuel Tavares Espaillat, Sebastián Mera, Juan Bautista Vicini, Carlos Sully Fondeur and José Antonio Caro ÁlvarezIts initial purpose was to boost the real estate market and housing in the Dominican Republic.
Evolution of Banco BHD
Throughout its more than four decades of history, the financial institution has evolved significantly, becoming a multiple bank and expanding its presence in the national and international financial sector. Its growth has been characterized by strategic alliances, key mergers, and acquisitions, including:
- 1999: Alliance with Banco Sabadell.
- 2000: Merger by absorption with Banco Fiduciario.
- 2001: Agreement with Popular International Bank, Inc. of Puerto Rico.
- 2006: Acquisition of the personal business portfolio of Republic Bank DR.
- 2007: Purchase of loans and deposits from Republic Bank DR.
- 2008: Incorporation of the International Finance Corporation (IFC) of the World Bank Group as a shareholder and strategic partner of the BHD Financial Center.
- 2014: Merger with Banco León to form the Multiple Bank BHD León, SA
- 2022: Name change to BHD Bank, eliminating “León” from its name.
Growth and Positioning
Currently, the bank It is the second largest private bank in the Dominican Republic by assets, surpassed only by Banco Popular Dominicano. Its current president is Steven Puig, who has led its digital and strategic transformation. The institution has:
- Almost one million customers.
- More than 4,000 employees.
- Offices in 22 provinces.
- Extensive network of ATMs and banking subagents.
- Services of online banking and 24/7 customer service.
Social and strategic commitment
The BHD has consolidated its institutional identity through initiatives of social responsibility, development of microfinance, support for baseball and a strategy of gender equity focused on women. Furthermore, it continues to strengthen its technological infrastructure to become a benchmark for the banking of the future.
Pensions and other business units
In 1998, Banco BHD created AFP Sowing, a company specializing in pension fund management, expanding its service offering in the Dominican financial sector.
With a history of innovation and growth, the BHD It continues to play a key role in the economic and financial development of the Dominican Republic, consolidating its position as a trusted and prestigious entity in the national and international banking sector.
Technical Sheet
- Company Name: Banco Múltiple BHD, SA
- Record: H-023-1-00-0101
- RNC or Card: 1-01-13679-2
- Total Assets: RD$ 616,771.33 Million
- Market Share: 15.76%
- Number of Employees: 5,380
- Shareholders: 625
- Subagents: 627
- ATMs: 785
- Workshops: 123
- Main Office: Av. 27 February, Esq. Winston Churchill, National District
- Phones: (809) 243-5000
- Email: servicioalcliente@bhd.com.do
- Web Page: bhd.com.do
- Authorized Products and Services: Operations permitted in accordance with Law 183-02
