In an effort to boost awareness about investment opportunities in Puerto Rico, the Economic Development and Commerce Department and the Venezuelan Association of Entrepreneurs, Executives and Professionals presented before a large group of Venezuelan executives the “Puerto Rico: Investment Opportunities” seminar, focusing on the manufacturing and banking sectors as those with the greatest economic potential.
FirstBank Puerto Rico is looking to triple its market share of small- and mid-sized business customers over the next five years from its current 12 percent through an aggressive campaign and revamped platform catering to the segment often tagged as the motor of the island’s economy.
Local private equity lender Moneyhouse is celebrating its fifth anniversary this month and is marking the milestone by outlining its accomplishments thus far, namely closing on more than $675 million in loans, of which 40 percent — or $275 million — are reverse mortgage cases.
The Internet Society of Puerto Rico will sponsor its fourth forum of the year on Sept. 8, when executives from Banco Popular, FirstBank and Oriental Bank will discuss the topic of “Internet service delivery from the banking perspective.” The event will take place at Microsoft Corp.’s facilities at City View Plaza in Guaynabo, starting at 8 a.m.
Puerto Rico’s financial sector, one of the island’s key economic components, seems to be rebounding for the first time in four years, reporting $171 billion in combined assets during the second quarter of 2011.
Doral Mortgage, a division of Doral Financial Corporation, launched Wednesday a new $1.5 million multimedia advertising campaign to tout the benefits of its services. The bank chose local comedian Raymond Arrieta as spokesman of the campaign focused on the “knowledge and service make a difference in your mortgage experience” tagline. “Raymond Arrieta is a much-loved […]
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