Company Information

Get to know Asociacion Cibao de Ahorros y Prestamos

Founded in 1962 in Santiago de los Caballeros, Asociacion Cibao de Ahorros y Prestamos (ACAP) is one of the leading mutual savings and loan institutions in the Dominican Republic. Its original mission was to promote personal savings to finance the acquisition of family housing. As a mutualist entity, it is owned by its depositors and borrowers rather than shareholders. Over the decades, ACAP has expanded its services to become a comprehensive financial institution offering personal and business banking solutions, including various savings accounts, mortgage and consumer loans, credit cards, insurance, and digital banking services, while maintaining its focus on community well-being and financial inclusion.

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Financial BankingPRIMARY
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Asociacion Cibao de Ahorros y Prestamos

Dominican Republic

Founded in

1962 (64 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(74 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.