Popular Inc. reports $328M in 2Q net income
July 19, 2013
Buoyed by a triple-play of significant transactions, Popular Inc., Banco Popular de Puerto Rico's parent company, reported net income of $327.5 million for the quarter ended June 30, 2013, compared to a net loss of $120.3 million for the quarter ended March 31, 2013.
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Puerto Rico banks announce holiday schedule
July 15, 2013
Puerto Rico’s major banks announced their schedules for today’s Luis Muñoz Rivera holiday, some offering shorter service hours.
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Banco Popular furthers USVI culinary arts
June 4, 2013
Two days of culinary demos and educational activities took place in the U.S. Virgin Islands late last month, during the annual “Ultimate Flavors of the Islands” event at the Frenchman’s Reef and Morning Star Marriott Beach Resort in St. Thomas and sponsored by Banco Popular.
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Popular grants $2.5M for eco-friendly medical facility in Rincón
April 30, 2013
Banco Popular de Puerto Rico recently approved $2.5 million in financing to Rincón Health Center Inc. for the construction of the Costa Salud community health center in the western municipality of Rincón.
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Banco Popular approves $40M for Carolina hospital
April 24, 2013
Banco Popular de Puerto Rico announced Tuesday it has approved a $40 million credit line for the construction of the San Fernando de la Carolina hospital in Carolina, a project the municipality announced late last year.
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Popular Inc. reports 1Q loss tied to one-time charges
April 19, 2013
Popular Inc. reported a first quarter loss of $120.3 million that reflected some $189.6 million in after-tax losses and adjustments related to the sale of a bad loan portfolio and other assets.
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Banco Popular closes sale of $540M in NPLs, other real estate
March 26, 2013
Banco Popular de Puerto Rico announced Monday it completed the previously announced sale of a portfolio of non-performing commercial and construction loans, and commercial and single-family real estate owned, with a combined unpaid principal balance on loans and appraised value of other real estate owned of approximately $995 million and book value of approximately $540 million to an entity majority owned by a joint venture between Caribbean Property Group LLC and certain affiliates of Perella Weinberg Partners’ Asset Based Value Strategy.
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Popular Inc. reports $83.9M in 4Q net income
January 25, 2013
Popular Inc. reported net income of $83.9 million for the quarter ended Dec. 31, 2012, nearly twice the $47.2 million in net income reported for the prior quarter ended Sept. 30, 2012.
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Humacao medical complex gets $14M in financing
December 18, 2012
Banco Popular recently awarded $14 million in financing to float the future “Salud Eterna” project in Humacao, a complex that will house several medical offices as well as an assisted living facility for the elderly.
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Kaufman: ‘Investing in Puerto Rico creates jobs, moves the economy’
November 29, 2012
Keeping local capital well invested, protected and solid is crucial to Puerto Rico, as it is the only way to create jobs and move the economy, said Gregory Kaufman, newly appointed president of Popular Securities during his first meeting with members of the media Wednesday.
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Banco Popular brings back ‘Martes de Plaza’
November 28, 2012
Banco Popular de Puerto Rico announced that as part of its commitment to customer appreciation, it is bringing back, for the fourth year running, the traditional “Martes de Plaza” discounted shopping events.
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Report: Puerto Rico ‘not alone’ in energy challenge
November 14, 2012
The tripling of global oil prices during the last decade has been largely passed through to consumers in Puerto Rico’s oil‐intensive economy, causing a domino effect that has trickled down through the main sectors of the economy, Banco Popular’s “Progreso Económico” report concluded.
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Popular launches Mi Banco ‘app’ for Android devices
November 5, 2012
Six months after introducing its mobile banking application for the iPhone and iPod touch, Banco Popular de Puerto Rico announced the launch of the version for Android devices.
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Banco Popular USVI opens Facebook page
October 30, 2012
Banco Popular’s U.S. Virgin Islands division has taken its relationship with customers up a notch by opening a new page in Facebook in the hopes of “engaging the community in a faster and more digital way.”
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Banco Popular, Yees! team up to offer teacher workshops
October 2, 2012
The Young Entrepreneurship Education System, known as Yees!, conducted the first entrepreneurial workshop for teachers as part of Banco Popular de Puerto Rico's “Echar Pa’lante” institutional program.
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