All posts in Banking

Puerto Rico’s vibrant and internationally recognized banking systems continuously strive for stability and growth.

Storms deal $10.8M net loss to First BanCorp. in 3Q17
November 8, 2017, No Comments

First BanCorp., the bank holding company for FirstBank Puerto Rico, reported a net loss of $10.8 million for the third q ...

Popular Inc. loses $75.5M in 3Q17 due to hurricanes
November 1, 2017, No Comments

Popular Inc. reported a net income of $20.7 million for the third quarter ended Sept 30, 2017, compared to a net income ...

‘After yrs of worrying about it, PR has finally hit bottom’
October 26, 2017, No Comments

The impact of the back-to-back hurricanes — Irma and María — on the island has pushed Puerto Rico to “finally hit ...

Popular Community Bank unveils Popular Private Client
October 23, 2017, No Comments

Popular Community Bank, the principal U.S. mainland operating subsidiary of Popular Inc., announced the official launch ...

Bankers Assoc.: 57% of PR bank branches operational
October 9, 2017, No Comments

More than half, or 57 percent of Puerto Rico’s bank branches islandwide are offering services, Puerto Rico Bankers Ass ...

First BanCorp reports $28M in net income for 2Q17
July 31, 2017, No Comments

First BanCorp. reported net income of $28 million for the second quarter of 2017, or $0.13 per diluted share, compared t ...

Popular reports $96.2M in 2Q17 income
July 27, 2017, No Comments

Popular Inc. reported a net income of $96.2 million for the quarter ended June 30, 2017, up .08 percent compared to a ne ...

Oriental: Uncertainty looms about PR debt restructuring
July 24, 2017, No Comments

Upon releasing second quarter results, Oriental Financial Group President José Rafael Fernández said despite solid per ...

Popular launches effort to boost personal loans
July 13, 2017, No Comments

With the goal of offering customers a solution to their current financial situation, Popular announced the start of its ...

J.C. Flowers completes acquisition of Island Finance
July 5, 2017, No Comments

Funds advised by J.C. Flowers & Co. LLC and affiliates announced the closing of the acquisition of the personal loan and ...