Banco Popular announced that, as part of its efforts to help mitigate problems caused by recent seismic events, it will be offering a series of orientations under the JumpStart program, for commercial customers affected in municipalities included in the Federal Emergency Management Agency’s emergency declaration. The initiative will be allocating funds for any need that […]
Popular Inc. reported net income of $166.8 million for the quarter ended Dec. 31, 2019, compared to net income of $165.3 million for the quarter ended Sept. 30, 2019. In the report, Banco Popular de Puerto Rico’s parent company, confirmed it generated net income of $671.1 million for the year 2019, compared to net income […]
Banco Popular de Puerto Rico is looking for artificial intelligence (AI) experts to optimize the bank’s operations, services and products, using this technology as a guide to create innovative solutions, it announced. In recent years, this talent — which comes from on universities in Puerto Rico and the U.S. mainland such as: the University of […]
Banco Popular de Puerto Rico has been named “Bank of the Year Puerto Rico” by “The Banker,” The Financial Times’ international banking magazine. This marks the sixth consecutive year Banco Popular de Puerto Rico has received this prestigious recognition, the financial institution confirmed. “The Banker” highlighted Banco de Puerto Rico’s continued growth as Puerto Rico […]
Banco Popular and Visa announced the debut in Puerto Rico of contactless payment technology for their Visa credit card portfolio. As of today, all Popular Visa credit cards, newly issued or replaced, will feature this new proximity payment technology, which meets all the same security standards as traditional chip cards, including that each transaction is […]
Popular Inc., parent company of Banco Popular de Puerto Rico, reported net income of $171.1 million for the quarter ended June 30, 2019, compared to net income of $167.9 million for the quarter ended March 31, 2019. But when compared quarter-to-quarter, the financial institution revealed a 39% drop this quarter when compared to the same […]
Popular Inc. closed 2018 with significant year-over-year increases in its net and adjusted income, according to its quarterly earnings report. For the 12-month period ended Dec. 31, 2018, adjusted net income was $487 million, up 76 percent from the prior year’s adjusted net income of $276 million. Net income for 2018 totaled $618.2 million, a […]
The Banker named Banco Popular de Puerto Rico “Bank of the Year Puerto Rico,” acknowledging the bank’s continued expansion and customer base growth, racking up strong numbers in 2017.
Banco Popular added 40,000 new clients, as other financial institutions opted to close branches after Hurricane María tore through the island last year.
Nearly five months after announcing its intention to buy Wells Fargo’s auto lending business in Puerto Rico — which does business as Reliable Auto — Popular Inc. confirmed it has completed the regulatory clearance process needed to close the deal.
Four months after announcing it had agreed to acquire Wells Fargo’s auto finance business in Puerto Rico, which operates as Reliable Financial Services Inc., Banco Popular de Puerto Rico confirmed it has filed a notice with the Federal Reserve System to close the deal.
Popular Inc. announced that, on May 22, its subsidiary Banco Popular entered into a Termination Agreement with the Federal Deposit Insurance Corp.
They say that times of crisis ignite the spark of creativity and elicit the best ideas. With this in mind, the Banco Popular Foundation and the Hispanic Federation announced the launch of the “Puerto Rico Big Ideas Challenge,” a contest of innovative ideas with a social impact with awards of up to $1.5 million.
Since 2016, StartUp Popular has been supporting business owners in Puerto Rico through financing, business coaching and networking events.
Banco Popular de Puerto Rico has agreed to acquire Wells Fargo & Company’s auto finance business in Puerto Rico, which operates as Reliable Financial Services Inc. and Reliable Finance Holding Company, for $1.7 billion, the financial institution announced.
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