Popular Inc. Chairman Richard Carrión made the announcement. #NewsismyBusiness
Popular Inc.’s stateside loan division saw increased activity in the South Florida market. #NewsismyBusiness
First BanCorp achieved record revenues in 2024, with total net interest income rising to $807.5 million, up from $797.1 million in 2023. #NewsismyBusiness
As OFG enters 2025, it remains focused on leveraging digital transformation and strategic investments to drive growth. #NewsismyBusiness
The dispute stems from two loans Banesco extended to FAPPR in August 2017. #NewsismyBusiness
Banesco in Puerto Rico reported loan and deposit growth of 26% and 97% respectively over the last 12 months ended Sept. 30, 2024. #NewsismyBusiness
This marks the 12th time Popular has received this recognition. #NewsismyBusiness
The financial institution claims the defendants orchestrated a fraudulent scheme to obtain PPP funds by submitting falsified applications and misusing the proceeds for personal gain. #NewsismyBusiness
The initiative will provide access to a portfolio of support organizations, with relevant information and recommendations tailored to the needs of companies. #NewsismyBusiness
The Popular Impact Fund was created in 2022 to make minority investments in young companies or “start-ups.” #NewsismyBusiness
The lawsuit follows years of international scrutiny on Schiff and Euro Pacific Bank, which he founded in Puerto Rico. #NewsismyBusiness
The bank is also advancing its digital transformation efforts, with more than 60% of its customers now enrolled in digital platforms. #NewsismyBusiness
The rise in provisions was largely driven by loan growth and changes in credit quality trends, particularly in the auto loan segment. #NewsismyBusiness
The bank’s net income available to common stockholders was $47 million. #NewsismyBusiness
The funds will be used to enhance services to low-income communities in Puerto Rico, New York and Florida. #NewsismyBusiness
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