v3.25.1
Related party transactions
 3 Months Ended
Mar. 31, 2025
Related Party Transactions  
Related Party Transactions
Note 22 – Related party transactions
 
Centro Financiero BHD, S.A.
At March 31, 2025, the Corporation had a
15.63
% equity interest in Centro Financiero BHD, S.A. (“BHD”), one of the largest banking
and financial services groups in the Dominican
 
Republic. During the quarter ended March 31,
 
2025, the Corporation recorded ($
1.0
)
million in equity
 
pickup (March 31,
 
2024 - $
7.3
 
million), including the
 
net impact of
 
$
8.7
 
million from net
 
earnings (March 31,
 
2024 -
$
11.4
 
million), offset
 
by ($
9.7
) million
 
recorded through
 
Other Comprehensive
 
Income (March
 
31, 2024
 
- ($
4.1
) million)
 
related to
foreign
 
currency
 
translation
 
adjustments
 
and
 
changes
 
in
 
the
 
fair
 
value
 
of
 
available
 
for
 
sale
 
securities.
 
At
 
March
 
31,
 
2025,
 
the
investment
 
in
 
BHD
 
had
 
a
 
carrying
 
amount
 
of
 
$
238.5
 
million
 
(December
 
31,
 
2024
 
-
 
$
239.5
 
million)
 
and
 
there
 
were
no
 
dividends
received by the Corporation during the quarters ended March 31, 2025 and 2024.