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Venezuelan group to open P.R. offshore bank. (Banco Progreso to open in Hato Rey, Puerto Rico)


Venezuelan group to open P.R. offshore bank

A Venezuelan financial conglomerate will soon establish an offshore bank in Puerto Rico, according to Financial Commissioner Jose A. Sosa.

Sosa could not specify when a license will be granted to the Caracas-based Banco Progreso, but final approval is expected within weeks. Still pending are further details on…



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