FirstBank, Center for Puerto Rico partner to help young entrepreneurs
July 30, 2019
With the aim of promoting entrepreneurship among young people between the ages of 18-35 by helping them acquire the skills necessary to develop or strengthen an enterprise, FirstBank has granted a donation of $15,000 to the Entrepreneurial Training Program for Young Adults of the Center for Puerto Rico. The Center is the operational arm of […]
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FirstBank reports net income of $41.3M in 2Q19 as CEO remains optimistic
July 24, 2019
First BanCorp. reported net income of $41.3 million, or $0.19 per diluted share, for the second quarter of 2019, compared to $43.3 million, or $0.20 per diluted share, for the first quarter of 2019, and $31.0 million, or $0.14 per diluted share, for the second quarter of 2018. First BanCorp CEO Aurelio Alemán described the […]
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FirstBank helps rebuild fishing pier in Boquerón
June 26, 2019
In the interest of promoting sustainable development of the fishing industry in Boquerón and providing a safe environment for fishermen, FirstBank has made a donation to the Asociación Pescadería Villa Palmeras Inc. fishing association to help complete the reconstruction of their pier, which was declared a total loss after Hurricanes Irma and María. The fishing […]
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FirstBank’s 1Éxito program announces last day to apply
June 14, 2019
After successfully training 70 business owners late last year, FirstBank and INprende announced the return of the 1Éxito program, a partnership designed to train and develop entrepreneurs, with the goal of helping small businesses already in operation across the island grow stronger. Those interested in participating in the free training sessions have until today to […]
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FirstBank giving away 2K fruit and native trees in islandwide campaign
June 6, 2019
Continuing with its commitment to reforest Puerto Rico, FirstBank and its program “Uno con el Ambiente” returns with its reforestation tour, “Crece Verde.” In this new edition, 2,000 fruit and native tress will be distributed in 10 branches throughout the island, the financial institution announced. Alexis Molinares, renowned ecologist and project consultant will provide guidance […]
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FirstBank grants $2M in CAPLine financing to Kandor Manufacturing
May 20, 2019
In the next few months, Kandor Manufacturing will increase its staff with 225 new jobs based in Arecibo, after receiving a $2 million line of credit from FirstBank. Kandor, a Puerto Rican company specializing in the manufacture of uniforms and military supplies, recently received the third line of credit issued on the island under the […]
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FirstBank calls on entrepreneurs to participate in EnterPRize competition
March 26, 2019
Hurricane María, which seriously damaged Puerto Rico’s infrastructure, led to an increased number of areas falling in disuse in municipalities; many small and medium business owners ceased operations due to a lack of basic resources, while others decided to emigrate. In light of this, FirstBank created the “Uno con Puerto Rico” award for $10,000 in […]
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First BanCorp. reports $201.6M in net income for ’18; $101.1M for 4Q18
January 30, 2019
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported net income of $201.6 million, or $0.92 per diluted share, for the year ended Dec. 31, 2018, compared to $67 million, or $0.30 per diluted share, for the year ended Dec. 31, 2017. The financial institution also reported net income of $101.1 million, or […]
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Moody’s: PR banks can handle 2 yrs of recession stress
September 9, 2016
Three of Puerto Rico’s main banks — Banco Santander Puerto Rico, Popular Inc. and FirstBank Puerto Rico — banks can absorb further asset quality stress resulting from Puerto Rico’s recession for at least two more years, Moody’s Investors Service said in a report released Thursday.
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