First BanCorp. reports net income of $70.7M
28 de julio de 2023
Puerto Rico’s economy is strong enough to mitigate the recent interest rate increases implemented by the Federal Reserve to fight inflation in the U.S. economy, First BanCorp. CEO Aurelio Alemán said. #NewsismyBusiness
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Popular Inc. reports 2Q net income of $151.2M
27 de julio de 2023
“We are encouraged by the resiliency of the U.S. economy and sustained economic activity in Puerto Rico,” said Popular Inc. CEO Ignacio Álvarez. #NewsismyBusiness
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First BanCorp announces $225M stock repurchase, quarterly cash dividend
julio 25, 2023
First BanCorp. will release second quarter results later this week. #NewsismyBusiness
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OFG Bancorp reports $170.5M in core revenues for 2Q23
julio 21, 2023
This is the bank’s 10th consecutive quarter that reflects growth. #NewsismyBusiness
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CUVRO lanza un seguro para mascotas en Puerto Rico
10 de julio de 2023
La startup tiene previsto lanzar más productos innovadores en los próximos meses para reforzar aún más su oferta. #NewsismyBusiness
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FirstBank grants $200M+ in commercial loans in 1Q23
junio 26, 2023
“The commercial loan options are as varied as they are promising, since they include spaces for rent, restaurants, and consumer services,” officials said. #NewsismyBusiness
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Popular Inc. reports net income drop in 1Q23 due to deferred tax asset
27 de abril de 2023
In the report, Popular Inc. confirmed net interest income of $531.7 million in the most recent quarter, compared to $494.3 million for the same year-ago period. #NewsismyBusiness
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First BanCorp. reports $70.7M in 1Q23 net income
abril 26, 2023
Net interest income reached $200.9 million for the first quarter of 2023, compared to $185.6 million for the first quarter of 2022, and $205.5 million for the quarter ended Dec. 31, 2022. #NewsismyBusiness
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OFG Bancorp earns $46M; CEO says one of best 1Q in a long time
abril 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
abril 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
abril 11, 2023
Credit union leaders celebrated the “largest injection of external capital in history.” #NewsismyBusiness
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Estudio: El sector de los seguros de Puerto Rico crece a pesar de los retos económicos
24 de marzo de 2023
El Producto Interno Bruto (PIB) del sector de los seguros alcanzó los 1,45 billones de pesos en el año fiscal 2021, lo que representa el 281 % del PIB del sector financiero.
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Puerto Rico banking system ‘solid, safe’ from CA, NY bank meltdowns
marzo 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
febrero 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
febrero 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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