Oriental, WindMar Home join to offer financing service in P.R. for solar energy
September 5, 2018
Oriental announced an alliance with renewable energy company, WindMar Home, to offer —the first time in Puerto Rico — financing for solar energy products.
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FirstBank, INPRENDE seek to uplift 70 entrepreneurs in urban centers
August 29, 2018
With the aim of encouraging growth and strengthening established businesses in Puerto Rico’s urban centers, FirstBank and INPRENDE have joined to offer business training and advice to help 70 entrepreneurs gain a competitive edge.
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Bankers Association, FDIC educate on regulatory compliance
August 16, 2018
The Puerto Rico Bankers Association and the Federal Corporation Deposit partnered to offer the 2018 edition of their "Minority Depository Institution Compliance Seminar.”
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FirstBank marks 70 yrs in P.R. 1st initiatives for anniversary
August 15, 2018
With the slogan “70 years in your life,” FirstBank seeks to reaffirm its commitment to Puerto Rico by celebrating the achievements of its customers and inspiring them to continue counting on the institution to reach their future goals.
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Popular closes deal on Reliable Auto, Wells Fargo’s car finance business in P.R.
August 1, 2018
Some six months after announcing its intentions, Popular Auto has completed the acquisition of certain assets and the assumption of certain liabilities related to Wells Fargo & Company’s auto finance business in Puerto Rico — Reliable Auto.
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Evertec reports 10% 2Q18 revenue growth to $113M vs. 2Q17
August 1, 2018
Evertec Inc. reported $113.3 million in total revenue for the second quarter ended June 30, representing a 10 percent increase compared with $103.5 million in the prior year.
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First BanCorp. Reports $31M in net income for 2Q18
July 26, 2018
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported net income of $31.0 million for the second quarter of 2018, or $0.14 per diluted share, compared to $33.1 million, or $0.15 per diluted share, for the first quarter of 2018 and $28.0 million, or $0.13 per diluted share, for the second quarter of […]
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Popular Inc. reports $280M in 2Q18 net income; announces stock repurchase plan
July 24, 2018
Popular Inc. reported a net income of $280 million and an adjusted net income of $121.3 million for the second quarter ended June 30, 2018, compared to a net income of $91.3 million for the quarter ended March 31, 2018.
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Oriental Financial group reports $16.2M in 2Q18 net income
July 23, 2018
OFG Bancorp revealed that for the second quarter ended June 30, 2018, it had net income available to shareholders of $16.2 million, or $0.35 per fully diluted share, compared to the first quarter’s $13.5 million and $13.6 million, equal to $0.30 per share, for the second quarter of 2017.
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FirstBank grants $6.7M in financing to Print 1 in Las Piedras
July 17, 2018
Print 1, a commercial printing business in Las Piedras, recently received a $6.7 million line of credit from FirstBank for the purchase of assets and working capital to expand their facilities, the company stated.
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Foreclosures could spike by year’s-end as loan moratoriums expire
June 22, 2018
Puerto Rico property owners could face higher foreclosure levels after moratoriums on loan payments provided by local banks after Hurricane María expire in coming months, executives at FirstBank predicted Thursday.
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Oriental launches commercial credit online platform for SME’s
June 5, 2018
Oriental Bank has launched a new digital platform that seeks to make it “fast and easy” for small and medium-sized Puerto Rico businesses to apply for and manage commercial credits through the life cycle of their relationship.
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Popular announces early termination of FDIC Shared-Loss Agreements
May 24, 2018
Popular Inc. announced that, on May 22, its subsidiary Banco Popular entered into a Termination Agreement with the Federal Deposit Insurance Corp.
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First BanCorp. reports $33.1M in 1Q18 net income
April 28, 2018
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported net income of $33.1 million for the first quarter of 2018.
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Popular Inc. CEO: P.R. has ‘unique opportunity’ to tackle long-standing problems
April 25, 2018
Puerto Rico, which has been facing long-standing structural problems now has a “unique opportunity” to tackle them, Popular Inc. CEO Ignacio Álvarez said during an earnings call to disclose first quarter results.
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