Andrea McDougall

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Andrea McDougall Engagement Manager Areas of Expertise Prior Experience Education Insights

Francisco Bresciani

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Francisco Bresciani Analytics Manager Areas of Expertise Prior Experience Education Insights

Mariam Rivera

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Mariam Rivera Senior Engagement Manager Areas of Expertise Prior Experience Education Insights

Paul Cohen

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Paul Cohen Senior Engagement Manager Areas of Expertise Prior Experience Education Insights

PR Banking Industry Report Q2 2020

Featured, Financial Services, Industry Reports

Reduction in profitability in the first half of 2020 (7.0% Pre-Tax ROE) vs 2018 and 2019 due to lower interest margin and fee income, and higher loan loss provision, mostly driven by the Covid pandemic and its impact on the local and US economies. Despite the magnitude of the pandemic impact, no bank had negative net income, with Popular reaching the highest pre-tax ROA (0.97%), followed by Oriental (0.68%), Santander (0.58%), and FirstBank (0.40%).

PR Banking Industry Report Q1 2020

Financial Services, Industry Reports

The impact of Covid-19 has been partially absorbed by local banks in their Q1 2020 results through a significant increase in loan loss provision. However, the reduction in fees and transactional income was small (last two weeks of March 2020) and will be felt mostly in Q2 2020 and in subsequent quarters depending on the pace of return to normal economic activity. In this Q1 2020 Banking Industry Report we present a brand new format where the user will be able to select particular periods of time and banks to review key metrics trends and make bank comparisons.

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