Banco Popular: E-banking transactions reach US$492mn

Friday, March 17, 2006

Clients of the Dominican Republic's Banco Popular have performed internet banking transactions worth more than 16bn pesos (US$492mn) since the service was launched three years ago, local daily Listín Diario reported.

Internet banking has been particularly attractive for loan request procedures - for house or car purchases - as it speeds up the response process to let the client know whether or not the request has been granted, according to Banco Popular's branches and personal business VP Alejandro Santelises.

It has also facilitated business relations between the bank and real estate agents, importers and vehicle distributors, Santelises said. Banco Popular has two million clients.

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The bank's parent company Grupo Popular recently launched operations in Miami.