v3.26.1
Related party transactions
 3 Months Ended
Mar. 31, 2026
Related Party Transactions  
Related Party Transactions
Note 20 – Related party transactions
 
Centro Financiero BHD, S.A.
At March 31, 2026, 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, 2026, the Corporation recorded $
17.6
million in equity pickup (March 31, 2025 - $
1.0
 
million), including the net impact of $
13.0
 
million from net earnings (March 31, 2025 -
$
8.7
 
million), coupled
 
with $
4.6
 
million recorded
 
through other
 
comprehensive income
 
(March 31,
 
2025 -
 
($
9.7
) million)
 
related to
foreign
 
currency
 
translation
 
adjustments
 
and
 
changes
 
in
 
the
 
fair
 
value
 
of
 
available
 
for
 
sale
 
securities.
 
At
 
March
 
31,
 
2026,
 
the
investment
 
in BHD
 
had
 
a
 
carrying amount
 
of
 
$
267.0
 
million
 
(December 31,
 
2025
 
-
 
$
249.4
 
million)
 
and
 
there
 
were
no
 
dividends
received by the Corporation during the quarters ended
 
March 31, 2026 and 2025.