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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 21 sources · 20 days · First seen · Last updated

Dominican Republic SME financial support initiatives

Overview

Financial institutions in the Dominican Republic have introduced new credit and management tools aimed at supporting small and medium-sized enterprises (SMEs).

In September 2026, Banco Caribe and the Development and Export Bank (BANDEX) established a second-tier credit line. This arrangement allows BANDEX to provide funds to Banco Caribe, which then distributes working capital to SMEs to assist with operational costs like payroll and inventory.

In October 2026, Banreservas and Mastercard launched the ‘Mastercard Comercial Banreservas’ in Santiago. The card is available in three modalities: SMEs with ID (cédula), SMEs with Tax ID (RNC), and corporate clients. Beyond credit, the product includes a 10% overdraft capability above the limit, airport VIP lounge access for corporate users, and accessibility features like a tactile notch for visually impaired users.

The partnership also integrates various business management and security services, such as purchase protection, legal and tax guidance, cybersecurity tools via ‘My Cyber Risk’, and subscriptions to LinkedIn Business Premium to improve operational efficiency.

Entities

Banco Caribe · Mastercard · Bandex · Leonardo Aguilera · Catalino Correa Hiciano

Timeline

  1. [BUSINESS] 16 sources
    Banreservas and Mastercard launch new commercial card for SMEs

    Banreservas and Mastercard have launched a new commercial credit card in the Dominican Republic tailored for SMEs and corporate clients, featuring business management tools and specialized benefits.

  2. [BUSINESS] 6 sources
    Banco Caribe and BANDEX launch SME credit line

    Banco Caribe and BANDEX have launched a second-tier credit line in the Dominican Republic to provide working capital for small and medium-sized enterprises.

Sources

almomento.net · canal44.com · diariofinanciero.do · diariopuertoplata.com.do · diarioroatan.com · elcentineladigital.com.do · eldia.com.do · eldinero.com.do · eljaya.com · elnacional.com.do · elnuevodiario.com.do · enelmediopanama.com · ensegundos.do · guayacanalrd.com · hoy.com.do · lan103fm.com · montecristinoticias.com · porelojodelacerradura.com.do · precision.com.do · primicias.com.do · visionrdn.com

This summary has been updated 1 time: see revision history