Doral Bank is looking to expand its participation in Puerto Rico’s insurance market by adding new coverage options via its Doral Insurance division, said Jesús Méndez, recently appointed executive vice president of operations.
The U.S. Small Business Administration announced the opening of a Disaster Loan Outreach Center in Vega Baja, today at 9 a.m. This Center will provide one-on-one assistance to homeowners, renters and business owners seeking disaster assistance for losses caused by the heavy rains and flooding on Nov. 12–13, 2012, agency officials said.
Fitch Ratings expects Puerto Rican banks to face continuing operating challenges in 2013, despite recent efforts by those institutions to build capital and de-risk their balance sheets, the agency said in a statement issued Wednesday.
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