The memorandum, which constitutes the basis for specific cooperation between the parties, establishes the commitment to promote and strengthen cooperation between both institutions.
In this way, and with the support of the experience of the French agency, BANDEX seeks to accelerate the development of banking products in the country necessary to boost exports based on the financing and insurance needs of local exporters.
The memorandum was signed by Guarocuya Félix, General Manager of BANDEX, and Alban D Herbes, Manager for Latin America of BPIFrance during an event at the bank's headquarters in the presence of the Extraordinary and Plenipotentiary Ambassador of the Republic of France in the Dominican Republic, Mr. Didier Lopinot , and Jean-Baptiste Dabezies, Head of economic service at the French Embassy for the Dominican Republic and Haiti.
The parties agreed in advance that any support for projects that are subject to cooperation under the signed Memorandum will be provided in full compliance with applicable laws and regulations and more especially, with respect to applicable economic sanctions, export controls, the fight against corruption and money and asset laundering and regulations against the financing of terrorism.
Furthermore, any cooperation in providing support for projects will comply with the OECD Agreement on Officially Supported Export Credits and other related OECD agreements. BANDEX joined the OECD Consensus last July.
The General Manager of Bandex BANDEX valued the signing of this agreement with BPIFrance as very very important, because it is one of the main ECAs (export support agencies) at a global level, projecting the possibility of agreements between which consultancies could materialize. , financing and other benefits in favor of Dominican projects through the bank.
“BPIFrance has extensive experience in export credit insurance, guarantees and supporting innovative companies, which will allow BANDEX to shorten its learning curve,” said Félix.
BPIFrance has extensive experience in export credit insurance, guarantees and supporting innovative companies, which will allow BANDEX to shorten its learning curve,” said Félix.
 firmó un memorando de entendimiento con la agencia BPIFrance Assurance Export que permitirá apoyar y promover el comercio entre Francia y la República Dominicana.){kind=link}