Popular Inc. CEO Ignacio Álvarez confirmed that the Apple Pay service will finally become available in Puerto Rico this year. #NewsismyBusiness
Oriental reported a $1.2 billion public funds deposit in mid-December, although the name of the agency involved remains undisclosed due to regulatory restrictions. #NewsismyBusiness
In 2023, First BanCorp. returned approximately $300 million, or close to 100%, of 2023 earnings, to shareholders through $200 million in stock repurchases and the payment of $100 million in common stock dividends. #NewsismyBusiness
MCS exceeded growth expectations during the recently ended annual enrollment period as its commercial health plans also added a significant number of new beneficiaries for 2024. #NewsismyBusiness
The new branch, which serves a portfolio of 40,000 clients, is generating eight new jobs. #NewsismyBusiness
Long-standing CEOs delve into topics such as the future of the banking sector and their forecasts for industry development. #NewsismyBusiness
The Fed compared banks based in Puerto Rico with a control group of U.S. banks on the mainland to better understand how extreme weather disasters affect bank stability and their ability to lend. #NewsismyBusiness
This recognition validates Fernández’s professional success during the nearly 20 years he has led Oriental. #NewsismyBusiness
The most recent quarter includes an after-tax goodwill impairment charge in the bank’s U.S.-based equipment leasing subsidiary of $16.4 million. #NewsismyBusiness
This year, Verizon awarded its Climate Resilience Prize to Raincoat, Sesame Solar, 10Power and Perimeter. #NewsismyBusiness
The bank also reported quarter-over-quarter growth. #NewsismyBusiness
The bank’s digital strategy has gained traction, while it continues to grow its branch network. #NewsismyBusiness
Top international banking and international insurance industry leaders will be at the event. #NewsismyBusiness
Estudios Técnicos Inc.’s Credit Unions Financial Stability Index Industry increased due to the higher return on assets and a strengthening of the industry’s solvency. #NewsismyBusiness
Puerto Rico residents can now track their Homebuyer Assistance Program applications online. #NewsismyBusiness
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