The funds helped in the construction of 726 affordable housing units in the municipalities of Caguas, Lajas, Lares, San Juan and Bayamon. #NewsismyBusiness
Puerto Rico banks such as Banco Popular, FirstBank and Oriental Bank have moved to reduce or eliminate overdraft/NSF fees in recent years. #NewsismyBusiness
This edition of Climbing the Corporate Ladder features three women named to top positions across multiple industries in Puerto Rico. #NewsismyBusiness
“Banks in Puerto Rico are sufficiently well-capitalized and strategically diversified, so their customers’ deposits are completely safe," said OCIF Commissioner Natalia Zequeira.
Funding can be accessed through the Federal Home Loan Bank of New York.
The 2022 Annual Compliance Seminar gathered more than 100 professionals from the financial sector and other industries.
The PRBA's commercial bank members will support the effort by publishing the campaign on their own social networks.
Banco Cooperativo de Puerto Rico, Banesco and the Federal Home Loan Bank of New York have joined the Puerto Rico Bankers Association, joining commercial banks Banco Popular de Puerto Rico, Citi and Firstbank, which are already part of the trade group. “For the Puerto Rico Bankers Association, it’s a great to be able to count […]
Puerto Rico’s banking sector, which is likely the most impactful sector of the economy, could use greater collaboration from the government to boost individual and commercial services, while reducing expenses for the public sector. Furthermore, the government could also move quicker toward stimulating the use of local banks to manage its liquidity and urge the […]
As part of the educational initiatives to train community organizations and businesses on the island, the Puerto Rico Bankers Association’s Community Reinvestment Committee will host the Community Economic Development workshop Oct. 7-8, from 2 p.m. to 4 p.m. on the Zoom platform. Invited speakers Anabel Rodríguez, CEO of the Ibero-American Observatory for Sustainability and Circular […]
The Puerto Rico Bankers Association will host its next educational workshop, which will take place Aug. 28, 2020 from 3 p.m. to 4 p.m., via the Zoom platform. It will be free and open to the public. The guest speaker will be Hilda Y. González-Rodríguez, manager of the Credit and Risk Management Unit of Banco […]
The Puerto Rico Bankers Association called on citizens to fulfill their duty to respond to the 2020 Census, “as soon as possible.” The data collected is crucial for the distribution of federal funds for the areas of education, hospitals, highways, public works and other essential programs. “We join the effort of several local organizations to […]
The New York Federal Reserve’s Cash and Custody Division confirmed a drop in the nationwide availability of coins — quarters, dimes, nickels and pennies — as a result of the COVID-19 pandemic, which is also affecting the Puerto Rico market, the Bankers Association stated. The decrease is mainly due to the interruption of the circulation […]
The Puerto Rico Bankers Association is urging residents to stay “informed and alert” to the various fraud schemes that have arisen related to the coronavirus COVID-19 pandemic. Additionally, the trade group is emphasizing the importance of learning how to properly manage these schemes to protect personal and financial information. Scammers have taken advantage of the […]
Given the crisis that Puerto Rico is experiencing due to the coronavirus (COVID-19) preventive lockdown, several major banks and financial institutions are taking special measures to attend to customers, mostly remotely. The Puerto Rico Bankers Association said among other measures, local banks have implemented recurring periods of hand washing for employees, a control of the […]
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