OFG Bancorp names COO, CFO; GM names president
March 9, 2017
OFG Bancorp announced high-ranking executive appointments Wednesday, while GM Security Technologies named a new president recently.
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OFG Bancorp reports $12.1M in 4Q16 net income
February 1, 2017
OFG Bancorp reported Tuesday results for the fourth quarter, reflecting an increase in net income available to shareholders to $12.1 million, or $0.27 per share fully diluted, from $11.7 million, or $0.26 per share fully diluted, in the third quarter and a loss of $4.4 million, or ($0.10) per share, in the same year-ago quarter.
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Oriental offers professional tips to 300 college students
December 29, 2016
As part of its corporate social responsibility program, Oriental Bank officials recently offered a lecture to about 300 students from the Universidad del Este (UNE) to provide them with tools and share best practices to take with them as they embark on their professional careers.
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Oriental’s ‘Quick Deposit’ service expands to more ATMs
November 22, 2016
Oriental bank announced Monday that it’s “Quick Deposit” service will be available in 21 additional full-service ATMs, for a total of 25 located throughout the island.
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Oriental grants $4.9M loan for supermarket construction
November 11, 2016
Oriental Bank announced Thursday it has granted a $4.9 million to Grupo Quiñones to build a Selectos supermarket, which is already under construction.
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Oriental boosts presence among young people, women
November 3, 2016
Oriental Bank has implemented a number of strategies to expand its customer base and increase its market share of young people and women, achieving sustained growth for the past 18 months, company officials said Wednesday.
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Oriental CEO ‘pleased’ PROMESA Board is active
October 24, 2016
Oriental Bancorp reported $11.7 million in net income for the third quarter of 2016 ended Sept. 30.
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Oriental marks 52nd anniversary with 52-week challenge
October 21, 2016
Oriental Bank unveiled Thursday its “Oriental 52 Challenge,” a 52-week initiative to mark its anniversary, through which it invites the public to take part in different activities that contribute to their welfare, their family and community.
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OFG Bancorp sells PREPA credit line for $124M
September 21, 2016
OFG Bancorp announced Tuesday that its subsidiary Oriental Bank’s outstanding participation in a line of credit to the Puerto Rico Electric Power Authority (PREPA) has been sold, thereby significantly reducing its direct exposure to Puerto Rico government related credits.
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Oriental Bank grants $1.5M in financing to Olein Refinery
August 26, 2016
Oriental Bank recently granted three credit facilities totaling $1.5 million to Olein Refinery, which it will use to convert power generation at its Cristal products manufacturing plant and oil recycling operation into an environmentally friendly system.
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Oriental awards $32K in college scholarships
August 2, 2016
Oriental Bank recently bestowed $32,000 to college students as part of its in-house scholarship program for employees' children, the bank announced Monday.
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OFG’s Oriental unveils 1st mobile app for P.R. businesses
May 24, 2016
OFG Bancorp recently announced that its Oriental Bank subsidiary has become the first financial institution in Puerto Rico to launch a mobile banking app for commercial clients.
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Popular, Oriental reduce exposure to government risk
October 26, 2015
Puerto Rico’s two largest banks — Banco Popular and Oriental — confirmed separately on Friday that they’re working to reduce their exposure to risk associated with the island’s government, which they have financed in different capacities over the years.
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Banking exec: Gov’t must act with ‘conviction, urgency’
July 27, 2015
The Puerto Rico central government is facing pressure to “act with more conviction and with more urgency” to address its dwindling liquidity, crushing debt and anxiety building up over the island’s fiscal problems.
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Bankers ‘frustrated,’ monitoring gov’t solutions to crisis
April 28, 2015
The heads of the island’s two largest banks took turns in recent days expressing their concerns about the current fiscal scenario and whether political leaders are willing to make the right decisions to put Puerto Rico’s economy back on track.
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