The Superintendence of Banks (SB) summoned the eligible financial intermediation entities to participate in the bidding for the assets and transfer of liabilities of Banco Múltiple de Las Américas (Bancamérica), an entity in the process of dissolution.
In the notice, published this Monday, February 14, the SB establishes that interested parties must present their proposals for the acquisition of assets and transfer of liabilities amounting to RD$2,403.1 million and RD$2,958.3 million, respectively, no later than Monday, February 21, 2022 at 4:30 in the afternoon.
The bidders must indicate the amount of the counterpart contribution that they would require from the Contingency Fund for the absorption of the assets and liabilities as an indivisible unit.
“The bidder that meets the eligibility criteria and whose offer requires the least counterpart contribution from the Contingency Fund will be the winner,” explains the SB in the call.
It adds that the envelopes with the offers will be opened on Friday, February 25 at 5:00 pm, at the headquarters of the Superintendence of Banks, in the presence of the bidders who attend and a notary public.
The tender is published 12 days after the bank’s takeover by the supervisory body, as part of a plan promoted to restore customer access to their banking products as soon as possible.
The process is carried out in accordance with the provisions of article 63 of Law no. 183-02 Monetary and Financial of November 21, 2002, on the dissolution procedure, and the Regulation of Dissolution and Liquidation of Financial Intermediation Entities, approved through the First Resolution issued by the Monetary Board on October 6, 2011.
Keeps call to depositors to validate information
The Superintendence of Banks clarified that during this stage Validation of data from Bancamérica depositors is ongoing, therefore, he reiterated his call to those who have not completed this requirement to do so, either by visiting a branch or online, through the platform www.prousuario.gob.do.
As of 8:00 this Monday morning, 2,797 depositors had validated their data, representing deposits of RD$2,138 million. At that cutoff, 71.3% of the deposits of unrelated savers had been validated.
This progress during the first week of the process was possible thanks to the enabling of a validation platform that allows depositors to confirm their information both remotely and at the branches of the entity in dissolution.
The dissolution of Bancamérica began on February 2, following the disposition of the Monetary Board through the Second Resolution of January 28, 2022.
The Superintendency’s objective is to conclude the tender and promote the transfer of Bancamérica’s assets and liabilities within the 30-calendar-day term established by law, with the objective of preserving the interests of savers.