Banco Múltiple Ademi SA said it opened a new branch in Rio San Juan, Dominican Republic, increasing the bank's number of branches in the country to 71.

The new branch is located in the bank's so-called "North 1" region, where it currently has a loan portfolio of 874 million Dominican pesos and 14,844 clients, according to a Jan. 20 press release.

As of Jan. 23, US$1 was equivalent to 46.51 Dominican pesos.