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Earlier this month, the “Asociación Cibao de Ahorros y Préstamos” (Cibao association of savings and loans) opened it’s 43rd branch in La Romana, where it will now be offering the families and business of La Romana it’s 50 years of experience in the finance sector.
The new branch centrally located by Parque Central near to popular bakery and Café “Trigo de Oro” was officially inaugurated with a ribbon cutting ceremony led by Rafael Genao Arias, executive vicepresident of the Asociación Cibao de Ahorros y Préstamos and Santiago Reinoso, President of the Board of Directors.
“Today, we share the fruit of the continued support and confidence of our partners, investors, lenders and commercial real estate developers. Our financial strength and stability, adherence to compliance and a philosophy of warm and supportive service to the communities we serve, were the pillars on which our history has been based since 1962. As an institution, approaching half a century of uninterrupted service in the Dominican financial market, we are proud to maintain a privileged position among the top ten financial institutions in the country, with an approximately one third of the business within the financial market.“
— Santiago Reinoso, President of the Board of Directors
Following the official inauguration ceremony guests, which included local La Romana business owners, Casa de Campo villa owners and residents, as well as executives of the Asociación Cibao enjoyed a cocktail party with entertainment provided by a jazz quartet.
