Overdraft/NSF fee cuts save consumers $6B, banks lose revenue
May 13, 2024
Puerto Rico banks such as Banco Popular, FirstBank and Oriental Bank have moved to reduce or eliminate overdraft/NSF fees in recent years. #NewsismyBusiness
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Popular Inc. reports $541M in net income in 2023, $94.6M in 4Q
January 26, 2024
Popular Inc. CEO Ignacio Álvarez confirmed that the Apple Pay service will finally become available in Puerto Rico this year. #NewsismyBusiness
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Banco Popular donates branch to Instituto Nueva Escuela
November 7, 2023
Popular’s Paseo de Diego location becomes a new home for the institute dedicated to Montessori education. #NewsismyBusiness
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Popular Inc. reports $136M in net income for third quarter
October 27, 2023
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
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Banco Popular, Future Capital join to enhance retirement solutions
September 7, 2023
This partnership will provide state-of-the-art technology and personalized managed account solutions to clients, the firms stated. #NewsismyBusiness
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Urban Edge Properties cuts $44M in debt for Las Catalinas Mall property
September 1, 2023
The company secured a new 10-year $82 million mortgage provided by Banco Popular de Puerto Rico. #NewsismyBusiness
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Popular Inc. reports 2Q net income of $151.2M
July 27, 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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Banco Popular grants $40.5M construction loan for Yabucoa housing complex
July 13, 2023
The units are all for rental to families who qualify under the income limit of 60% of the area’s median income. #NewsismyBusiness
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Parallel18 announces $100K seed capital program
June 26, 2023
The application period has been extended for the initiative with the Puerto Rico Science, Technology and Research Trust and Banco Popular, which offers tools for startup expansion. #NewsismyBusiness
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Xpand opens call for 3rd generation of growth stage companies
June 7, 2023
The program will offer mentoring to Puerto Rican founders of innovative companies on raising capital, exporting, and scaling into new markets. #NewsismyBusiness
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Banco Popular de Puerto Rico earns global innovation award
December 9, 2022
BPPR’s award was in the Innovation: Talent Lab & Skills Accelerator category.
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Skootel expands its footprint by adding 120 shared bicycles
November 9, 2022
The bikes will be known as biciPOP, as part of a partnership with Banco Popular.
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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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BPPR eliminates insufficient funds charges on certain transactions
August 31, 2022
The changes took effect Aug. 26 and apply to retail and commercial accounts.
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Popular Inc. reports $211.4M in 2Q22 net income
July 29, 2022
The recent result was down from the $218 million on record for the same year-ago period.
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