OFG Bancorp earns $46M; CEO says one of best 1Q in a long time
April 21, 2023
“We’re seeing an ongoing improvement, and Puerto Rican clients, our customers, are very well-positioned from the standpoint of their liquidity, as well as businesses,” OFG CEO José Rafael Fernández said. #NewsismyBusiness
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Puerto Rico gov proposes amendments to financial regulatory laws
April 19, 2023
Changes aim to modernize the regulatory framework and boost compliance. #NewsismyBusiness
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US Treasury injects $226M into Puerto Rico’s credit unions
April 11, 2023
Credit union leaders celebrated the “largest injection of external capital in history.” #NewsismyBusiness
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Study: Puerto Rico’s insurance industry grows despite economic challenges
March 24, 2023
The insurance industry’s Gross Domestic Product (GDP) reached $1.45 billion in fiscal year 2021, representing 28% of the financial sector’s GDP.
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Puerto Rico banking system ‘solid, safe’ from CA, NY bank meltdowns
March 14, 2023
“Banks in Puerto Rico are sufficiently well-capitalized and strategically diversified, so their customers’ deposits are completely safe," said OCIF Commissioner Natalia Zequeira.
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Puerto Rico Bankers Association announces available housing grant funds
February 3, 2023
Funding can be accessed through the Federal Home Loan Bank of New York.
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Ex OBoard chair named to Banesco USA governing body
February 1, 2023
The bank, which has had local presence for 30 years serving the commercial sector exclusively, will likely open two branches in Ponce and somewhere between Mayagüez and Aguadilla.
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First BanCorp. reports $305M in net income for ’22
January 30, 2023
CEO Aurelio Alemán believes "that our organization has ample experience navigating uncertainty and is well equipped to manage rising market challenges going into the next cycle."
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OFG Bancorp reports $608M in ’22 revenue, $168M in 4Q22
January 27, 2023
The bank spent 2022 "deploying technology, expanding, and improving our network and investing in people and talent."
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Popular Inc. earns $1.1B in ’22, up from prior year
January 26, 2023
The bank also reported net income of $257.1 million for the quarter ended Dec. 31, 2022.
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FirstBank gets ‘Bank of the Year’ nod from The Banker
December 5, 2022
The Banker said as part of its criteria for awarding the recognition is the bank's high profitability, among other aspects.
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FV Bank announces launch of digital asset custody service
November 10, 2022
FV Bank has been granted regulatory approval to provide settlements between digital assets and fiat currencies.
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OCIF suspends First Finance’s operations, seeks $1M+ in fines, payments
October 28, 2022
First Finance has been summoned to a hearing at OCIF within 10 days.
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Popular Inc. reports $422M in 3Q22 net income, boosted by Evertec deal
October 27, 2022
Excluding the effects of that transaction, Popular Inc.’s net income for the quarter would have been $195.8 million.
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First BanCorp. reports $74.6M in 3Q22 net income, steady vs. 3Q21
October 26, 2022
The financial institution will mark its 74th anniversary this week.
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