Scotiabank has submitted a binding offer to acquire Banco Bilbao Vizcaya Argentaria, S.A.'s (BBVA) shares in BBVA Chile, which BBVA is willing to accept if BBVA's minority partner, the Said family, does not exercise its Right of First Refusal under the shareholders agreement between BBVA and the Said family, Scotiabank announced.
Oriental Financial Group reported Monday income available to common shareholders amounted to $16.6 million, or $0.35 per share diluted for the fourth quarter of 2013.
Oriental Financial Group Inc. reported Thursday net income of $14.6 million for 2012, equal to $0.35 per common share results, and is predicting a strong 2013 attributed to its acquisition of BBVA Puerto Rico, which “has created a larger, diversified and growth oriented banking platform.”
Oriental Financial Group Inc. announced Wednesday plans for the integration of Banco Bilbao Vizcaya Argentaria Puerto Rico, which Oriental acquired in late December, and the combined companies’ branding and business strategy.
The Principles for Social Investment Secretariat and United Nations Global Compact have distinguished BBVA with the “Social Investment Pioneers Award” in the category of Social Business, for its contribution to the communities in which it operates through the BBVA Microfinance Foundation project.
Oriental Financial Group Inc. announced today it has received all regulatory approvals necessary to close its previously announced $500 million acquisition of Banco Bilbao Vizcaya Argentaria, S.A.’s Puerto Rico operations.
Oriental Financial Group Inc. announced Thursday it is looking to raise some $45.7 million from the sale of 4,390,243 shares of its common stock at a price of $11.10 per share.
Last week’s announcement by Oriental Financial Group of its intention to buy BBVA Puerto Rico’s operation for $500 million will “immediately transform” the former’s day-to-day operations into a more bank-like institution, something management has been striving for in recent years, an industry analyst said over the weekend.
Oriental Financial Group Inc. has entered into an definitive agreement to buy Banco Bilbao Vizcaya Argentaria, S.A.’s Puerto Rico operations for $500 million in cash, the companies announced this morning.
Three talented Puerto Rican students will have the opportunity to live a once-in-a-lifetime experience as part of this year’s Ruta Quetzal BBVA cultural program, which will take them to Colombia and Spain this summer, BBVA President Rafael Varela announced Tuesday.
A combination of strong growth in deposits and loans drove BBVA Puerto Rico’s first quarter results, which reflected an $8.6 million net profit for the period, up 42.4 percent year-over-year, the bank disclosed Wednesday.
Moody's Investors Service zeroed-in on several members of Hato Rey's Golden mile Tuesday, placing on review for downgrade certain ratings of three Puerto Rican banks, including Banco Santander Puerto Rico, Banco Bilbao Vizcaya Argentaria Puerto Rico and Popular Inc.
BBVA recently participated in the structuring and approval of a $250 million revolving credit facility for the Puerto Rico Health Services Administration, which runs the government’s “Mi Salud” health plan covering more than 1.5 million beneficiaries.
BBVA Auto recently launched this year’s edition of its “The loan is on the House” sweepstake, which gives customers who finance their vehicles between Nov. 12 and Jan. 15, 2012 the opportunity to get their purchase for free.
BBVA announced Wednesday the start of its 12th consecutive edition of “El Libretazo” sweepstake, through which it will give away 87 prizes in its monthly sweepstake and a total of $50,000 in its quarterly drawing.
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