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Trading

List of Banks in Dominica & Dominican Republic

Published by Gbaf News

Posted on June 13, 2012

1 min read

· Last updated: December 7, 2018

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See below the list of banks in Dominica
Commercial banks
National Bank of Dominica (NBD)
Branches of foreign banks
The Bank of Nova Scotia (SCOTIABANK)
Royal Bank of Canada (RBC)
Foreign-owned banks
FirstCaribbean International Bank (FCIB); Subsidiary of CIBC
Offshore banks
Griffon Bank

See the list below for the banks in the Dominican Republic
Central bank
Central Bank of the Dominican Republic
Major banks
BanReservas
Banco Popular
Banco BHD
Scotiabank
Banco Leon
Banco del Progreso

See below the list of banks in Dominica
Commercial banks
National Bank of Dominica (NBD)
Branches of foreign banks
The Bank of Nova Scotia (SCOTIABANK)
Royal Bank of Canada (RBC)
Foreign-owned banks
FirstCaribbean International Bank (FCIB); Subsidiary of CIBC
Offshore banks
Griffon Bank

See the list below for the banks in the Dominican Republic
Central bank
Central Bank of the Dominican Republic
Major banks
BanReservas
Banco Popular
Banco BHD
Scotiabank
Banco Leon
Banco del Progreso

Key Takeaways

  • Dominica’s banking sector includes a mix of local, foreign branch, and offshore banks
  • The National Bank of Dominica (NBD) is the largest local institution
  • Foreign banks in Dominica include Scotiabank, Royal Bank of Canada, and FirstCaribbean
  • The Dominican Republic features a strong banking system dominated by BanReservas, Banco Popular Dominicano, and Banco BHD León
  • The Central Bank of the Dominican Republic regulates monetary policy and ensures financial stability

References

Frequently Asked Questions

Which is the largest local bank in Dominica?
The National Bank of Dominica (NBD) is the largest local commercial bank in Dominica.
Which foreign banks have branches in Dominica?
Foreign banks operating branches in Dominica include Bank of Nova Scotia (Scotiabank), Royal Bank of Canada (RBC), and FirstCaribbean International Bank.
Who dominates the banking sector in the Dominican Republic?
The banking sector in the Dominican Republic is dominated by BanReservas (state-owned), Banco Popular Dominicano, and Banco BHD León, together holding over 70% of assets.
Who regulates banking and monetary policy in the Dominican Republic?
The Central Bank of the Dominican Republic (Banco Central de la República Dominicana) oversees monetary policy and financial stability.

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