OFG Bancorp, parent company of Oriental Bank, reported second quarter results Monday that reflected $34.1 million in income available to common shareholders, or $0.68 per share diluted, compared to $13.8 million, or $0.34 per share, in the second quarter of 2012, and $17.7 million, or $0.37 per share, in the first quarter of 2013.
Puerto Rico’s major banks announced their schedules for today’s Luis Muñoz Rivera holiday, some offering shorter service hours.
A trio of students from the Colegio San José won this year’s Puerto Rico edition of “The Stock Market Game,” sponsored by the New York Stock Exchange and Oriental bank.
The Puerto Rico Chamber of Commerce recognized Oriental Bank as one of the island’s “most outstanding companies,” during its annual convention last month.
Oriental Bank’s business banking unit recently granted a $3.5 million loan to Bearco LLC (Bodegas Españolas Argentinas Corp.), one of the companies owned by CC1 Puerto Rico.
Two major Puerto Rico banks, Banco Popular and Oriental Bank, announced Monday the closing of two significant loans that will move forward projects that will benefit the economy and the community.
Oriental Bank received the “Excellence in Quality Banking Award” from the Puerto Rico Products Association last weekend, for supporting local entrepreneurship and for its outstanding contribution to the local economy.
OFG Bancorp, which until earlier this week was known as Oriental Financial Group Inc., revealed its first quarter results Thursday, which reflected income of $17.7 million for the three-month period, up from the $9.5 million reported for the same year-ago quarter.
Puerto Rico’s executive branch has the necessary staff, resources and commitment to take over managing and resolving the island’s fiscal issues and block out all of the “noise” coming out of the Legislature, veteran Economist José Joaquín Villamil recently said.
Oriental Financial Group Inc. reported Thursday net income of $14.6 million for 2012, equal to $0.35 per common share results, and is predicting a strong 2013 attributed to its acquisition of BBVA Puerto Rico, which “has created a larger, diversified and growth oriented banking platform.”
Oriental Financial Group Inc. announced Wednesday plans for the integration of Banco Bilbao Vizcaya Argentaria Puerto Rico, which Oriental acquired in late December, and the combined companies’ branding and business strategy.
Oriental Financial Group Inc. announced today it has received all regulatory approvals necessary to close its previously announced $500 million acquisition of Banco Bilbao Vizcaya Argentaria, S.A.’s Puerto Rico operations.
Responding to its belief that education opens the doors of progress, the Oriental Fund confered scholarships to college students and two grants to organizations working with financial education in communities worth a combined $37,000.
Oriental Financial Group Inc. announced Thursday it is looking to raise some $45.7 million from the sale of 4,390,243 shares of its common stock at a price of $11.10 per share.
Oriental Financial Group Inc. released third quarter results Wednesday, reporting $14.7 million in profits — representing a 7 percent increase from the preceding quarter and a 5.5 percent drop from the same year-ago, three-month period.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA