Puerto Rico banks maintain strong positions in Caribbean rankings
Banco Popular, FirstBank and Oriental Bank secure top 10 spots in The Banker’s 2025 list.
Puerto Rico’s banking sector continues to show resilience, with three of its major institutions earning top positions in The Banker’s 2025 rankings of Caribbean banks.
Banco Popular de Puerto Rico, the island’s largest financial institution, retained first place in the Top 30 Caribbean Banks 2025 list. This marks the third consecutive year Banco Popular has led the rankings, underscoring its consistent performance and central role in the local economy.
FirstBank, operating under First BanCorp, held onto the second spot, reflecting its solid financial position.
OFG Bancorp, the parent company of Oriental Bank, rose to eighth place, up from 10th in 2023, highlighting its strategic growth and financial stability.
According to The Banker’s writer Barbara Panese, “Puerto Rico’s Popular and First BanCorp retained first and second place in the ranking, both reporting an increase in Tier 1 capital. Popular also recorded a noticeable rise in pre-tax profits, while First BanCorp experienced a modest decline.”
The Banker’s Top 10 also included RBC Financial Caribbean (#3), Republic Financial Holdings (#6) and First Citizens Bank (#9) in Trinidad and Tobago; CIBC FirstCaribbean International Bank in Barbados (#4); and Banco de Reservas (#5), Banco Popular Dominicano (#7) and Banco BHD León (#10) in the Dominican Republic.
Puerto Rico’s banks have demonstrated steady capital positions and continued support for local economic development, even as banks in other Caribbean countries have faced headwinds from global economic shifts.
