All posts in Banking

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

Sun West Mortgage opens branch in Ciudadela Santurce complex
February 16, 2018, No Comments

Sun West Mortgage announced the opening of third branch in Puerto Rico, which called for an investment of some $200,000, ...

Popular picks up Reliable Financial Services for $1.7B
February 15, 2018, No Comments

Banco Popular de Puerto Rico has agreed to acquire Wells Fargo & Company’s auto finance business in Puerto Rico, which ...

Some 300K customers took moratoriums on Banco Popular credit products
February 2, 2018, No Comments

An estimated 300,000 Banco Popular customers participated in Banco Popular de Puerto Rico’s loan moratorium program, w ...

OFG reports $13.6M in net income in 4Q17
January 31, 2018, No Comments

OFG Bancorp reported results for the fourth quarter and year ended Dec. 31, 2017, which reflected net income available t ...

Eloan relaunches targeting consumers seeking ‘simpler, smarter lending’
January 31, 2018, No Comments

Two decades after pioneering in the digital banking solutions arena, online financial services platform Eloan is being r ...

First Bancorp. reports $24.2M in net income for 4Q17
January 30, 2018, No Comments

First BanCorp. reported net income of $24.2 million for the fourth quarter of 2017, or $0.11 per diluted share, compared ...

Popular reports $102.2M net loss in 4Q17 related to Tax Cut and Jobs Act
January 24, 2018, No Comments

Popular Inc. reported a net loss of $102.2 million for the quarter ended Dec. 31, 2017, compared to a net income of $20. ...

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 ...