Alemán: Economic activity will pick up again in 6-9 mo’s
October 9, 2017
Hurricane María’s devastating impact on Puerto Rico could eventually ring positive for the island’s economy, which has been crippled by a 12-year recession and the recent catastrophic storm.
chat_bubble0 Comment
visibility1479 Views
Oriental CEO: It will be long journey, but PR will rebound
September 29, 2017
Puerto Rico has been living through a storm for the past 12 years, and as with every storm, it has experienced different levels of intensity. But the current circumstances have to be handled quickly to be able to build the Puerto Rico that is needed, said José Rafael Fernández, CEO of Oriental Financial Group.
chat_bubble1 Comment
visibility2021 Views
J.C. Flowers completes acquisition of Island Finance
July 5, 2017
Funds advised by J.C. Flowers & Co. LLC and affiliates announced the closing of the acquisition of the personal loan and sale finance loan assets comprising the Island Finance business, which includes the employees and branches, from Santander Financial Services Inc.
chat_bubble0 Comment
visibility4930 Views
DCDB Group to offer enhanced services to P.R. banks
December 29, 2016
DCDB Group, a global financial services consultancy firm, and Elevation, the consulting arm of NACHA–The Electronic Payments Association, administrator of the U.S. ACH Network, have formed a strategic partnership.
chat_bubble1 Comment
visibility2380 Views
Oriental boosts presence among young people, women
November 3, 2016
Oriental Bank has implemented a number of strategies to expand its customer base and increase its market share of young people and women, achieving sustained growth for the past 18 months, company officials said Wednesday.
chat_bubble0 Comment
visibility1988 Views
Bankers Assoc. educates about financial exploitation
July 11, 2016
The Puerto Rico Bankers Association is urging local citizens to help prevent fraud and financial exploitation in people who may be vulnerable, including the handicapped and the elderly.
chat_bubble0 Comment
visibility1466 Views
Op-Ed: P.R. banking sector fully transformed in 10 years
April 12, 2016
In the past 10 years, the size of the local economy has shrunk by 14 percent, total employment has dropped by 21 percent (more than 250,000 jobs) and the total population has decreased by 9 percent.
chat_bubble1 Comment
visibility3501 Views
GDB expands banking services offered to gov’t entities
April 9, 2015
Government Development Bank President Melba Acosta-Febo announced Wednesday the range of government banking services that are now available to public corporations, agencies and municipalities, essentially provided at no charge.
chat_bubble0 Comment
visibility3061 Views
First BanCorp announces appointment of new COO
January 15, 2015
Aurelio Alemán, president of First BanCorp, announced the appointment Wednesday of Donald L. Kafka as executive vice-president and chief operating officer.
chat_bubble0 Comment
visibility4933 Views
Popular Inc. announces new president, executive VP
September 30, 2014
Popular Inc. announced Monday a pair of appointees to its top ranks, namely Ignacio Álvarez as president and COO, and former Government Development Bank President Javier D. Ferrer as executive vice president, general counsel and chief legal officer for Puerto Rico’s largest financial institution.
chat_bubble0 Comment
visibility4458 Views
EDB launches online banking tool for commercial clients
August 22, 2014
The Economic Development Bank unveiled Thursday an online banking tool that allows its commercial clients to apply for loans and follow through on their applications, becoming the first financial institution in Puerto Rico to offer this type of service.
chat_bubble0 Comment
visibility5970 Views
Oriental’s check-image deposit transactions exceed $1M
July 17, 2014
Less than a year after launching, Oriental’s check-image deposit service, “FotoDepósito” has generated more than $1 million in transactions from customers using their smartphones to interact with the bank, officials said Wednesday.
chat_bubble0 Comment
visibility4718 Views
First BanCorp. earns $17.1M in 1Q, up $2.3M YOY
April 25, 2014
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported Thursday net income of $17.1 million for the first quarter of 2014, or $0.08 per diluted share, compared to $14.8 million, or $0.07 per diluted share, for the fourth quarter of 2013 and a net loss of $72.6 million, or $0.35 per diluted share, for the first quarter of 2013.
chat_bubble0 Comment
visibility2230 Views
Puerto Rican banking exec González ‘at home’ at FHLBNY
April 16, 2014
It was two weeks ago that Puerto Rican banking veteran José Ramón González took over the helm of the Federal Home Loan Bank of New York, an institution that is one of the main driving forces behind the island’s financial district.
chat_bubble0 Comment
visibility3806 Views
Puerto Rican banking veteran González to head FHLBNY
March 21, 2014
The Federal Home Loan Bank of New York announced Thursday that José R. González has been named president and chief executive officer of the FHLBNY effective April 1, 2014.
chat_bubble0 Comment
visibility3460 Views
Loading stock data...
Brought to you by
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA