Weekly Report - 15 July 2003
DOMINICAN REPUBLIC: Sale of 'significant part' of Baninter approved
The Dominican Republic's central bank has approved the sale of 'a significant part' of Baninter's financial assets to Scotiabank, of Canada, which will also purchase 25 of Baninter's branch offices for US$25m. A massive US$2.2bn fraud was exposed at Baninter, the country's second-largest bank, in May (WR-03-19).
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