Oriental announces extension of service hours for banking transactions
February 22, 2023
The bank also announced that live agents on its website will be available for extended office hours.
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Banesco USA looks to benefit Puerto Rico with $250M federal injection
June 29, 2022
Banesco USA received a capital injection from the U.S. Treasury.
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FirstBank launches Business Digital Banking app to offer 24/7 access
April 13, 2022
The app is available for download through Google Play or the App Store.
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Op-Ed: US vs. Puerto Rico banks, who wins?
December 28, 2021
The Oracle of Ohama Warren Buffet cleverly stated some words that will live forever “Despite some severe interruptions, our country’s economic progress has been breathtaking. Our unwavering conclusion: “Never bet against America.” This statement was part of Berkshire Hathaway’s annual report letter written by Mr. Buffet that has become a yearly event. With the mantra […]
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Puerto Rico’s banking industry continues to strengthen in past year
December 13, 2021
The Puerto Rican banking industry has continued to strengthen over the past year, supported by an increase in liquidity and the strengthening of asset quality. The Financial Stability Index for Commercial Banks in Puerto Rico, prepared by Estudios Técnicos, Inc., increased to 0.60 in the third quarter of 2021, compared to 0.47 in the same […]
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Sun West Mortgage recognized as ‘Banking Institution of the Year’
November 5, 2021
Sun West Mortgage Company, with 41 years in the United States market, and presence in 48 states, Puerto Rico and the US Virgin Islands, was recognized as “Banking Institution of the Year” by the Puerto Rico Association of Realtors as part of the celebration of its annual convention. In addition, Andrés Concepción, Sun West’s vice […]
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Puerto Rico’s banking industry reflects strength in liquidity, capital
April 16, 2021
The Financial Stability Index for Puerto Rico’s banking industry, prepared by Estudios Técnicos, Inc. (ETI), shows that the industry’s liquidity and solvency remain strong despite the current economic environment. “The financial stability index for Puerto Rico’s banking industry has recovered after declining from 0.64 in the fourth quarter of 2019 to 0.54 in the first […]
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Oriental CEO: Puerto Rico seeing ‘beginnings of an economic rebound’
October 26, 2020
Puerto Rico is starting to see the “beginnings of an economic rebound,” as the effects of the influx of federal economic aid and the possibility of the return of pharmaceutical companies are putting the island in a better position heading forward. That optimism is there for José Rafael Fernández, CEO of OFG Bancorp, the financial […]
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OFG Bancorp reports $23.1M in net income in 4Q18
January 23, 2019
OFG Bancorp reported net income of $23.1 million, or $0.45 per fully diluted share, compared to $19.6 million during the third quarter of 2018, or $0.42 per share and the same year-ago quarter, when it made $13.6 million or $0.30 per share. For the year ended Dec. 31, 2018, the financial institution reported net income […]
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Financial conference focuses on compliance, risk management, good practices
November 20, 2018
The talks were geared toward strengthening Puerto Rico’s strategy in the global marketplace.
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Oriental, WindMar Home join to offer financing service in P.R. for solar energy
September 5, 2018
Oriental announced an alliance with renewable energy company, WindMar Home, to offer —the first time in Puerto Rico — financing for solar energy products.
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Banking sector says Tax Reform principles are ‘step in the right direction’
May 16, 2018
Members of Puerto Rico’s banking sector testified at a House hearing to analyze the new Tax Reform under review, saying its principles are “step in the right direction.”
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First BanCorp. reports $33.1M in 1Q18 net income
April 28, 2018
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported net income of $33.1 million for the first quarter of 2018.
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Eloan relaunches targeting consumers seeking ‘simpler, smarter lending’
January 31, 2018
Two decades after pioneering in the digital banking solutions arena, online financial services platform Eloan is being relaunched to provide a “simpler and smarter” personal loans product at competitive rates, company officials said.
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73% of PR banks open 5 weeks after María’s devastation
October 26, 2017
Five weeks after Hurricane María pummeled Puerto Rico, about 72.6 percent of local bank branches, or 228, have resumed operations, according to data from the Office of the Financial Institutions Commissioner.
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