Credit unions rack up $1.3B in mortgage loans in 1Q15
May 20, 2015
The Public Corporation for the Supervision of Puerto Rico Cooperatives, or COSSEC as the entity is known in Spanish, said Tuesday that the island’s credit unions approved some $1.3 billion in mortgage and mortgage-related loans during the first quarter of 2015, for a combined portfolio of 18,385 financing agreements.
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Money Express marks 20 years despite market volatility
May 7, 2015
Small loans company Money Express, a FirstBank sister operation, is marking 20 years of doing business in Puerto Rico, where it commands a 22 percent market share with a $104 million loan portfolio.
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EDB spurs creation of 217 new businesses, 1,668 jobs
March 26, 2015
The Puerto Rico Economic Development Bank announced Wednesday it has spurred the creation of 217 new businesses since January 2013, through $22.3 million in approved financing.
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