BBVA Puerto Rico announced Thursday it will be pumping more than $1 million to begin remodeling its branches to match them with the banking group’s global corporate identity. The transition, which also calls for changing the appearance of its credit and debit cards, as well as other day-to-day elements, should be finished by the first quarter of next year, company officials said.
BBVA Puerto Rico is throwing its support behind the Muscular Dystrophy Association by setting up an electronic donation method through its www.bbvapr.com site, so the general public can contribute during the nonprofit’s Sept. 11 marathon.
The Latin American economy will grow 4.8 percent this year, converging at rates of around 4 percent in 2012 and 2013, slightly above BBVA Research’s prior forecast, due to high commodity prices and stronger domestic demand than anticipated in some countries, Joaquín Víal, chief researcher for the organization’s South American unit.
Two major Spanish banks with long-standing presence in Puerto Rico passed the European Banking Authority’s 2011 stress test of institutions in 21 countries, to assess their resilience against the current economic scenario.
The majority of Puerto Rico’s banks will remain closed today, in observance of Memorial Day, resuming operations Tuesday.
BBVA Puerto Rico, one of the few banks that has successfully weathered the island's protracted financial meltdown, is looking to increase its local market share to 10 percent over the next five years, a high-ranking official said Wednesday.
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