Dominican banking sector supports Medical Tourism congress

Dr. Alejandro Cambiaso and Amelia Reyes, President and Vice-president of ADTS, respectively, reported that the congress is a multi-sector integration platform for business development and investment opportunities.

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Dominican banking sector supports Medical Tourism congress
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Banco Popular Dominicano and Banreservas, the two biggest entities of the Dominican banking sector, support the 4th International Health and Wellness Tourism Congress, becoming strategic allies of that economic segment.

At the main Medical Tourism event in Central America and the Caribbean, the financial sector will promote consultancy services specially designed to evaluate the feasibility of medical projects and their structuring.

The meeting is scheduled at the Renaissance Santo Domingo Jaragua Hotel & Casino from September 5-7th and is organized by the Dominican Health Tourism Association and AF Comunicación Estratégica.

The banking sector support brings a vast experience in the tourism industry, related companies, and national and international health and insurance sectors, allowing investors and developers attending the congress to find a comprehensive solution for their needs.

Dominican Banking Sector Vision: Banco Popular

The Banco Popular Dominicano (BPD) will offer credits, leasing of medical equipment, loans, lines of credit, structuring of trusts, investment banking, and currency exchange.

At the congress, the prestigious bank hosts the investment lunch which gathers local and international investors along with developers of new projects, financial, health, tourism, export and governmental sectors.

On behalf of the institution, Juan Manuel Martín de Oliva García, Vice President of Tourism Business of the Banco Popular Dominicano, will present the Financial Products and Investor Support products available.

The luncheon has the support of the Center for Exportation and Investment of the Dominican Republic (CEIRD) and the National Free Trade Zone Council (CNZFE).

Quick facts:

  • Banco Popular Dominicano has almost a 60% of the finance portfolio that the tourism sector receives.
  • They closed 2017 with a loan portfolio of US$ 800 million to support tourism development, which includes Medical Travel.

Banreservas

“Banreservas recognizes the strategic importance of tourism and remains committed to its development, in fact, at the end of 2017, of every US$ 3 disbursed by the banking sector, US$ 1 came from Banreservas,” said Simón Lizardo last January at the International Tourism Fair (FITUR) held in Madrid, Spain.

Source: Banreservas

The institution bets on Medical Travel and joins this segment to expand the Dominican Republic markets, encourage the capture of foreign currency, create jobs and new opportunities to improve the quality of health services for all Dominicans and medical travelers.

Banreservas value offer aims to satisfy the needs of companies in the sector while contributing to the optimization of their financial management.

At the same time, they prioritize synergies and emphasize their role as a dynamic force that drives the country’s tourism development.

Dr. Alejandro Cambiaso and Amelia Reyes, President and Vice-president of ADTS, respectively, reported that the congress is a multi-sector integration platform for business development and investment opportunities.

The congress goal is to identify resources for new health tourism projects, free zones for medical devices, and communities for retirees.