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Related party transactions
 6 Months Ended
Jun. 30, 2025
Related Party Transactions  
Related Party Transactions
Note 22 – Related party transactions
 
Centro Financiero BHD, S.A.
At June 30, 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
 
six months
 
ended June
 
30, 2025,
 
the Corporation
 
recorded
$
13.0
 
million in equity
 
pickup (June 30,
 
2024 - $
17.4
 
million), including the
 
net impact of
 
$
19.9
 
million from net
 
earnings (June 30,
2024 - $
22.0
 
million), offset by ($
6.9
) million recorded through Other Comprehensive Income (June 30, 2024 - ($
4.6
) million) related
to
 
foreign
 
currency
 
translation adjustments
 
and
 
changes
 
in
 
the
 
fair value
 
of
 
available
 
for
 
sale
 
securities.
 
At
 
June
 
30,
 
2025,
 
the
investment in BHD had a carrying amount of
 
$
232.5
 
million (December 31, 2024 - $
239.5
 
million) and the Corporation received $
20
million in cash dividend distributions during the
 
six months ended June 30, 2025 (June 30, 2024 - $
19.4
 
million).