This edition of Climbing the Corporate Ladder includes executive appointments and new boards at two Puerto Rican professional associations. #NewsismyBusiness
Idalis Montalvo outlines her goals to foster growth through education and networking. #NewsismyBusiness
The bank also announced that live agents on its website will be available for extended office hours.
The bank spent 2022 "deploying technology, expanding, and improving our network and investing in people and talent."
The bank's CEO urged the public sector to "execute" to rebuild Puerto Rico's infrastructure.
Customers will be able to use those apps to pay with their mobile devices.
The banking executive recognized the challenges affecting the island, such as skyrocketing electricity costs and the increase in cost of living.
Small and medium sized enterprises (SME) are often called the “backbone” of Puerto Rico’s economy. They account for 95% of the business on the island and almost half of all the jobs in the private industry, and they are key for stimulating entrepreneurship and developing a strong economy. That’s why we support SMEs. From special […]
OFG Bancorp, the parent company for Oriental Bank, reported results for the second quarter ended June 30, 2021, that revealed diluted earnings per share of $0.78 compared to $0.56 in first quarter of 2021 and $0.39 in 2Q20. Total core revenues were $133.3 million compared to $127.7 million in first quarter of 2021 and $128.2 […]
OFG Bancorp announced it has received the OK from the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation and the Puerto Rico Office of the Commissioner of Financial Institutions needed so that its banking subsidiary, Oriental Bank, may complete the acquisition of the local and U.S. Virgin Islands operations of Scotiabank. […]
Puerto Rico’s Office of Financial Institutions Commissioner George Joyner said although the deal is pending regulatory approvals, he sees “no major obstacle” for Oriental’s acquisition of Scotiabank de Puerto Rico’s assets to happen. In an interview on the “En Una Hora” program that airs on 11Q 1140 AM, in which News is my Business participates, […]
OFG Bancorp’s subsidiary Oriental Bank will acquire Scotiabank’s Puerto Rico operation for $550 million and its U.S. Virgin Island branch operation for $10 million. Scotiabank’s Puerto Rico and USVI operations will be merged into Oriental Bank and its related businesses. The acquisition is subject to customary regulatory approvals, which will likely take about six months […]
Looking to maximize the use of technology to further facilitate access to all of its products and services, Oriental launched its redesigned website www.orientalonline.com adding useful content to keep finances up-to-date and plan each step toward progress.
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