Discover the solid performance of Puerto Rico’s Banking Sector during the first half of 2023 with strong profitability, and reduced delinquency rates. In this report, we also show a deep dive into the remarkable growth in the credit unions sector in recent years.
In the first quarter of 2023, the banking sector reached the lowest loan delinquency level since 2005, which contributed to its high Pre-Tax Return on Equity (ROE) of 27.9% in the same period.
The banking industry is undergoing a transformation in the provision of services worldwide. In this Insight, we will review the most important digital trends around the transformation of the sector worldwide and in the Dominican Republic, as well as its impact on customers.
In V2A’s PR Banking Report Q4 2022, you will learn how the industry did this past year and how competitive pressure is likely to continue despite the banking consolidation.
A finales de 2022, se observó que los indicadores de rentabilidad de los 5 principales bancos en Dominicana llegaron a su nivel más alto de los últimos 6 años.
The leading financial indicators for the Dominican Republic’s Commercial Banking and Savings and Loan Associations were analyzed.
The Puerto Rico banking industry reached a pre-tax ROE of 20.2% in the first half of 2022. Since 2018, local banks have outpaced their US peers in terms of profitability thanks to the continuous reduction of loan delinquency, their higher interest margin, and the effective management of operating expenses in an environment of low economic activity.
La banca múltiple alcanzó un ROA antes de impuestos de 2.23% en 2021, similar al del período pre pandemia, siendo soporte fundamental para ayudar a la economía dominicana a reponerse del impacto de la crisis sanitaria.
The Puerto Rico banking industry reached a pre-tax ROE of 22.6% in 2021, the highest since 2004. There is an unprecedented level of liquidity in the market, with deposits growing by 32% between 2019 and 2021.
Throughout history, government administrations have faced complex economic and social crises. These challenges hinder their ability to provide an adequate public service to its citizens, which is their primary purpose.