Francisco Bresciani
Francisco Bresciani Científico de Datos Senior Áreas de Especialización Experiencia de trabajo previa Educación Insights
Gabriel Cullen López
Gabriel Cullen López Asociado Senior Áreas de Especialización Experiencia de trabajo previa Educación Insights
María Antonia Marturet
María Antonia Marturet Gerente de Proyecto Áreas de Especialización Experiencia de trabajo previa Educación Insights
Mariam Rivera
Mariam Rivera Gerente de Proyecto Senior Áreas de Especialización Experiencia de trabajo previa Educación Insights
Michelle Pabón Vélez
Michelle Pabón Vélez Asociada Senior Áreas de Especialización Experiencia de trabajo previa Educación Insights
Paul Cohen
Paul Cohen Gerente de Proyecto Senior Áreas de Especialización Experiencia de trabajo previa Educación Insights
PR Banking Industry Report Q2 2020
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
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.
Informe de V2A sobre la banca de RD – 1er Trimestre 2020
El impacto de la crisis global de salud en el sistema financiero del país será significativo, y en este Insight se compara con las dos últimas crisis financieras (2003 y 2008), y se estima que sectores económicos se verán afectados y que acciones deben tomar las instituciones financieras ante este panorama
Unemployment Claims Reach Historic Highs following the COVID-19 Lockdown
The deep economic effects of Covid-19 are reflected in the unprecedented rise of unemployment claims around the world. In Puerto Rico, cumulative unemployment claims in the five weeks following the lockdown reached 200,419, three times the total claims during 2019. This number is in line with the US when measured in relation to the labor force. Covid-19 is also impacting the large informal economy of the Island, which is not eligible for unemployment insurance. On the other side, Puerto Rico may be seen as a safe place to do business given the successful containment of the virus so far, and as an ideal location from where to work remotely in the future.