Popular Inc. reported a net income of $96.2 million for the quarter ended June 30, 2017, up .08 percent compared to a net income of $88.9 million for the same year-ago quarter
Upon releasing second quarter results, Oriental Financial Group President José Rafael Fernández said despite solid performance, there is a “great deal of uncertainty” moving forward about the economic impact from Puerto Rico’s fiscal restructuring.
With the goal of offering customers a solution to their current financial situation, Popular announced the start of its new personal loans campaign, under the slogan “Consolidate with a personal loan,” expanding on the benefits of this solution.
Funds advised by J.C. Flowers & Co. LLC and affiliates announced the closing of the acquisition of the personal loan and sale finance loan assets comprising the Island Finance business, which includes the employees and branches, from Santander Financial Services Inc.
Banco Popular on Thursday unveiled a new tool through which clients can send cash to other people even if they do not have a bank account.
ATH and electronic transaction processing company Evertec announced Tuesday the launch of ATH Móvil Business, a service that will enable small businesses to receive electronic payments in an easy and secure way in real time from any ATH Móvil user.
Evertec Inc. announced Monday that on June 1, 2017 it received U.S. federal bank regulatory approval to buy EFT Group S.A., a Chilean-based company known commercially as PayGroup at a purchase price of some $40 million.
Those looking to participate in the third edition have until May 31 to submit their proposals, Banco Popular executives said Monday, adding there is $1.6 million available to winning applications
Looking to cater to that high-net worth segment of Puerto Rico’s population who typically expect distinctive banking services, FirstBank officially unveiled its new branch in Condado, which houses its new Platinum Banking service, executives said Wednesday.
Echar Pa’lante, an initiative Banco Popular launched five years ago to empower a culture of entrepreneurship and innovation, is looking ahead to further linking academia, the government and the private sector to help restore Puerto Rico’s economy.
Richard Carrión, who has been the face of Popular Inc. for the past 26 years, will step down from his post effective July 1, when he will become Executive Chairman of the Board of Directors of Popular.
First BanCorp. reported Tuesday net income of $25.5 million for the first quarter of 2017, or $0.11 per diluted share, compared to $23.9 million, or $0.11 per diluted share, for the fourth quarter of 2016 and $23.3 million, or $0.11 per diluted share, for the first quarter of 2016.
Oriental Bank announced Tuesday the second phase of its institutional campaign called “Vive,” a $1.5 million marketing and advertising effort that extends the theme that has identified the financial institution for the past several years.
Saying that it has achieved a 97 percent satisfaction rate among some 1,500 Pueto Rico college students, Banco Popular is succeeding in locking up a position for itself among the emerging “millenial” generation, which has a distinct preference for technology as part of daily life.
Biz2Credit, a fintech provider to global financial institutions, announced Thursday its partnership with Oriental Bank to develop a digital lending platform for the bank’s commercial clients.
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