In-Brief

EVERTEC added to Puerto Rico Stock Index

EVERTEC is headquartered in Cupey. EVERTEC is headquartered in Cupey.

EVERTEC Inc. will be included in the Puerto Rico Stock Index, Interim Government Development Bank President José V. Pagán-Beauchamp announced Wednesday.

“The GDB is honored to have EVERTEC included in the PRSI. This addition reflects the changes made to adjust the Index to other additions or departures of companies,” he said. “EVERTEC is not related to the banking industry and, as such, it joins Triple S Management, which already forms part of the PRSI. This change will provide greater diversification.”

In an effort to develop the local financial market, in October 1995, the GDB launched the PRSI, the first index composed exclusively of local stock companies traded in the U.S. stock markets.

“Updating the PRSI promotes growth of a local stock market, which is a viable alternative to finance the expansion of local companies. Currently, the PRSI is composed of six companies [Popular Inc., First Bancorp, Doral Financial, OFG Bancorp, Triple S Management and Evertec], whose parent companies or main places of business are located in Puerto Rico,” Pagán-Beauchamp said.

“This update highlights the performance of Puerto Rico stocks in the markets and helps attract stock investors from abroad,” he concluded.

Author Details
Business reporter with 25 years of experience writing for weekly and daily newspapers, as well as trade publications in Puerto Rico. My list of former employers includes Caribbean Business, The San Juan Star, and the Puerto Rico Daily Sun, among others. My areas of expertise include telecommunications, technology, retail, agriculture, tourism, banking and most other areas of the economy.

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