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Puerto Rico

Puerto Rico



Economía en tiempos de inflación

La actividad económica continúa con una tendencia muy positiva impulsada por los estímulos de recuperación y se sitúa en niveles pre-pandemia.

La Receta para una Reforma del Servicio Público Exitosa

En la historia reciente, las administraciones gubernamentales han enfrentado crisis económicas y sociales complejas, en ocasiones agravadas por desastres naturales, pandemias, migración y mala gestión gubernamental. Estos desafíos dificultan su capacidad de servir eficazmente a sus ciudadanos, su propósito principal.

Funding Challenges of Medicaid in Puerto Rico

Current Medicaid funding proposal does not resolve Puerto Rico’s program needs in the long-term. The island is at a disadvantage to meet service access which impacts health outcomes of a significant portion of our population.

Puerto Rico Banking Industry Report Q1 2021

The PR Banking sector reached a Pre-Tax ROE of 20.9% in Q1 2021, the highest profitability level since 2004. There is excess liquidity in the banking system, part of which is likely to be deployed to lending activity as the local economy takes off.

PR Banking Industry Report Q4 2020

The PR Banking sector reached double digit Pre-Tax Return on Equity in 2020 (10.2%) despite the low interest rate environment, the impact of COVID-19 on business and consumer activity, and higher credit provisions.

PR Banking Industry Report Q3 2020

Banks remained profitable during the first nine months of 2020 despite the impact of the Covid-19 pandemic. However, they experienced a moderate reduction in profitability (8.8% Pre-Tax ROE) vs 2018 and 2019 due to lower interest margin and fee income, and higher loan loss provision.

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%).

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