Puerto Rico’s financial system — which comprises local and international commercial banks, cooperatives, mortgage and investment companies, and public banks, among others — reported $147.6 billion in assets during the third quarter of 2013, down about 2 percent from the $151.2 billion on record for the same period in 2012.
UBS Financial Services Inc. of Puerto Rico recently held a breakfast meeting with Puerto Rico credit union clients to discuss the island’s financial outlook for 2014.