DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Grupo Ramos

**KahiroSamo** · 05-27-2012, 05:49 PM

@playacaribe - Banco Leon and Popular are just two that come to mind as bankings etups in la Sirena. But I think BHD and Banreservs as well. It will be hard to get 4 banks out of their multicentros so they can do a monopoly banking operation there. Getting the 4 banks out, less reasons for people to go to la Sirena. The logic behind having "side stores" like banks etc in multicentros is not to get money from rent, but to attract people who might otherwise go elsewhere. For example, people who need to go to buy groceries and go to a bank might go to a smaller store because their bank is two blocks away and can do two things in one trip. So the idea to have "side stores" is for people to go to la Sirena instead and do both things in one trip there. If they remove the banks form their stores, they would be cutting their own throats.

Thanks RH for the update.

I would bet that the banks are lobbying (behind the scenes) harder than anyone to limit Walmarts availability to open up Banco Walmart...like they have in Mexico, etc. And I am quite sure that Western Union, Vigo and some of the other money transfer houses and Cambio's are also concerned.

Not only would Walmart upend banking in the DR by their presence....fees would probably go down...and banks rely on/need fees more than ever to survive these days. I expect a hard push by the Banking community to limit Walmart to just retailing....if they ever come into the country.

Respectfully,
Playacaribe2

05-27-2012, 05:49 PM	#37
KahiroSamo Join Date Oct 2005 Posts 461 Senior Member	@playacaribe - Banco Leon and Popular are just two that come to mind as bankings etups in la Sirena. But I think BHD and Banreservs as well. It will be hard to get 4 banks out of their multicentros so they can do a monopoly banking operation there. Getting the 4 banks out, less reasons for people to go to la Sirena. The logic behind having "side stores" like banks etc in multicentros is not to get money from rent, but to attract people who might otherwise go elsewhere. For example, people who need to go to buy groceries and go to a bank might go to a smaller store because their bank is two blocks away and can do two things in one trip. So the idea to have "side stores" is for people to go to la Sirena instead and do both things in one trip there. If they remove the banks form their stores, they would be cutting their own throats. Thanks RH for the update. I would bet that the banks are lobbying (behind the scenes) harder than anyone to limit Walmarts availability to open up Banco Walmart...like they have in Mexico, etc. And I am quite sure that Western Union, Vigo and some of the other money transfer houses and Cambio's are also concerned. Not only would Walmart upend banking in the DR by their presence....fees would probably go down...and banks rely on/need fees more than ever to survive these days. I expect a hard push by the Banking community to limit Walmart to just retailing....if they ever come into the country. Respectfully, Playacaribe2
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