OFG Bancorp reports $179.4M in Q2 core revenue
July 19, 2024
During the quarter, OFG also moved ahead with its share buyback program, implementing close to the $50 million approved by its board. #NewsismyBusiness
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Banco Popular de Puerto Rico sues Romark Global Pharma for $9.2M
July 15, 2024
Romark established its operation in Puerto Rico in 2019. #NewsismyBusiness
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Puerto Rico’s credit unions maintain asset quality despite economic uncertainty
June 27, 2024
The Credit Union Industry Financial Stability Index, prepared by Estudios Técnicos, reflects improvement in 2024. #NewsismyBusiness
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Urbital and VIG Mortgage partner to launch ‘new era’ in Puerto Rico real estate
June 10, 2024
The alliance promises faster property transactions with a fully digitalized mortgage process. #NewsismyBusiness
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Banesco USA announces $3.9B in assets for 1Q
June 5, 2024
Over the last 12 months ending first quarter 2024, Banesco USA has granted $212.8 million in ECIP loans in Puerto Rico. #NewsismyBusiness
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‘Smooth sailing’ for Popular Campus development in Hato Rey
June 4, 2024
Construction of the Popular Campus complex in Hato Rey entails a $300 million investment. #NewsismyBusiness
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FirstBank OKs $31M in refinancing to Hipódromo Camarero
May 22, 2024
Camarero will use the funding to continue its uninterrupted operations. #NewsismyBusiness
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Overdraft/NSF fee cuts save consumers $6B, banks lose revenue
May 13, 2024
Puerto Rico banks such as Banco Popular, FirstBank and Oriental Bank have moved to reduce or eliminate overdraft/NSF fees in recent years. #NewsismyBusiness
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Popular Inc. names new president and CEO
May 13, 2024
Ferrer was also named President of Popular Inc.’s two banking subsidiaries. #NewsismyBusiness
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Puerto Rico ‘outpacing, outperforming’ Banesco USA’s mainland business
April 25, 2024
Banesco USA named Maritza Abadía as the island’s only woman president of a local bank. #NewsismyBusiness
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First BanCorp. reports $73.5M in Q1 net income
April 24, 2024
The financial institution plans to continue investing in technology to improve customer-facing services as well as internal processes. #NewsismyBusiness
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Popular Inc. reports $103M in net income for Q1, down $55M Y-O-Y
April 24, 2024
The latest results include an after-tax impact of $9.1 million related to the FDIC Special Assessment in November 2023. #NewsismyBusiness
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OFG Bancorp reports $174M in core revenues in 1Q
April 19, 2024
In a call with reporters, Oriental’s CEO said because of its different strategies, its customer base increased by 3% year over year. #NewsismyBusiness
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Federal Home Loan Bank discusses membership eligibility of Puerto Rico co-ops
April 5, 2024
This clarity provided by the FHFA makes it easier for Puerto Rican cooperatives to access financial services and stability. #NewsismyBusiness
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Banesco USA reports $25.3M, $3.8B in assets for 4Q
February 23, 2024
The bank’s loan growth was driven largely by its commercial banking clients throughout the communities it serves in South Florida and Puerto Rico. #NewsismyBusiness
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