Popular CEO Carrión announces candidacy for IOC president
May 22, 2013
Popular Inc. President Richard Carrión, who has also served as chairman of the Finance Commission of the International Olympic Committee and member since 1990, announced today his candidacy for the presidency of the sporting organization, bringing with him a "clear vision to address the major challenges and opportunities that lie ahead of the Olympic movement."
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Banco Popular nabs 4 SME digital awards
May 20, 2013
Innovative tools and Banco Popular advertising campaigns received four awards from the Sales and Marketing Executives Association, during the trade group’s recent digital conference. The bank took recognitions in two categories for digital innovation and use.
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Popular, Oriental grant hefty loans for Puerto Rico projects
May 7, 2013
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.
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Popular Inc. reelects board director, elects new member
May 3, 2013
Popular Inc. announced Thursday that at its annual meeting of stockholders, held on April 30, approved the reelection of a director and the election of a new director to its board of directors.
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EVERTEC going public at $20 a share
April 12, 2013
EVERTEC Inc. announced Thursday it has priced its shares at $20 for an initial public offering through which it could raise about $500 million for up to 25.2 million shares.
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Popular Mortgage closes $1.5B in mortgages, refi’s in ’12
March 8, 2013
Popular Mortgage closed 10,000 new mortgages and refinancing loans in Puerto Rico last year, representing about $1.5 billion for the bank that as a result locked down a market share of about 30 percent for 2012, financial institution officials said Thursday.
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Popular’s ‘Progreso Económico’: Tourism, bright spot in economy
February 1, 2013
Puerto Rico residents are driving the island’s tourism sector, checking into island hotels and paradores (small inns) at a faster rate than outside visitors and keeping the sector afloat despite the somber economic scenario, Banco Popular’s most recent edition of the “Progreso Económico” report concluded.
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Popular Inc. reports $83.9M in 4Q net income
January 25, 2013
Popular Inc. reported net income of $83.9 million for the quarter ended Dec. 31, 2012, nearly twice the $47.2 million in net income reported for the prior quarter ended Sept. 30, 2012.
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Fitch completes review of 4 banks, predicts tough road ahead
January 18, 2013
Fitch Ratings announced Thursday it had completed its review of four rated Puerto Rican Banks — Doral Financial Corp., First BanCorp, Popular Inc. and Santander Bancorp — adjusting and affirming its ratings and outlook for each financial institution.
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Popular launches partial guarantee loan option
September 21, 2012
Banco Popular de Puerto Rico launched Thursday what may be a first for the island’s commercial banking sector: giving consumers the option to put their savings up as partial collateral when applying for a personal loan.
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Popular launches personal financial manager
August 24, 2012
Banco Popular recently unveiled its new “Personal Financial Manager” tool, to enable its customers to manage their money through the “Mi Banco” service.
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Popular Community Bank launches mobile banking app
August 22, 2012
Popular Inc.’s stateside subsidiary, Popular Community Bank, announced Tuesday the launch of its mobile banking application for iPhone and Android devices, which offers special features for small and mid-size business owners and their staff to manage finances from virtually anywhere.
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Moody’s reviews 3 P.R. banks for possible ratings downgrades
April 10, 2012
Moody's Investors Service zeroed-in on several members of Hato Rey's Golden mile Tuesday, placing on review for downgrade certain ratings of three Puerto Rican banks, including Banco Santander Puerto Rico, Banco Bilbao Vizcaya Argentaria Puerto Rico and Popular Inc.
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Popular’s ‘Echar Pa’lante’ campaign enters new phase
January 20, 2012
Banco Popular’s “Echar Pa’lante” institutional campaign, launched five months ago, is entering a new phase this year that calls for developing a long-term blueprint to foster entrepreneurship and education to help drive Puerto Rico’s individual and collective growth.
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Analyst: Popular poised to build upon dominant position
December 15, 2011
After suffering several years of substantial losses locally and stateside, Banco Popular has “solidified its capital base” and is “now poised to build upon its dominant position in Puerto Rico while returning its mainland operations to profitability,” investment banking firm B. Riley said in a report released Wednesday.
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