{"id":3067,"date":"2016-06-23T17:12:53","date_gmt":"2016-06-23T21:12:53","guid":{"rendered":"https:\/\/v2aconsulting.com\/insights\/pr-banking-industry-report-january-to-march-2016\/"},"modified":"2025-01-16T14:31:51","modified_gmt":"2025-01-16T18:31:51","slug":"pr-banking-industry-report-january-to-march-2016","status":"publish","type":"insights","link":"https:\/\/v2aconsulting.com\/es\/insights\/pr-banking-industry-report-january-to-march-2016\/","title":{"rendered":"PR Banking Industry Report - January to March 2016"},"content":{"rendered":"<p>The banking industry kicked off the year on a positive note, posting a solid industry-level Pre-Tax ROE of 8.4%, despite the continuous reduction in economic activity. This reduction is clearly reflected in the drop in loan originations, impacting the revenue generating capacity of the banking system. In this issue, we will provide a 10-year review of mortgage originations by depository and non-depository institutions as well as a 5-year analysis of market share fluctuations. The number of institutions originating mortgages in 2015 reached 35, down from a peak of 53 in 2006 (-18 or -34%). In terms of mortgage origination count, the Island experienced a steep drop from 95.5K in 2005 to 21.6K in 2015 (-73.9K or -77%) while the dollar volume decreased from $12.7B to $3.5B (-$9.2B or -73%). Among depository institutions, Popular leads the way commanding 34% market share (dollar volume), followed by Santander and FirstBank both with 18%. Among non-depository lenders, Moneyhouse (17%), SunWest (9%), and Preferred (9%) are the leaders. Given bleak prospects for renewed growth in the near future, loan originations and banks'\u00a0earnings potential will remain subdued.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The banking industry kicked off the year on a positive note, posting a solid industry-level Pre-Tax ROE of 8.4%, despite the continuous reduction in economic activity. This reduction is clearly reflected in the drop in loan originations, impacting the revenue generating capacity of the banking system. In this issue, we will provide a 10-year review of mortgage originations by depository and non-depository institutions as well as a 5-year analysis of market share fluctuations. The number of institutions originating mortgages in 2015 reached 35, down from a peak of 53 in 2006 (-18 or -34%). In terms of mortgage origination count, the Island experienced a steep drop from 95.5K in 2005 to 21.6K in 2015 (-73.9K or -77%) while the dollar volume decreased from $12.7B to $3.5B (-$9.2B or -73%). Among depository institutions, Popular leads the way commanding 34% market share (dollar volume), followed by Santander and FirstBank both with 18%. Among non-depository lenders, Moneyhouse (17%), SunWest (9%), and Preferred (9%) are the leaders. Given bleak prospects for renewed growth in the near future, loan originations and banks'\u00a0earnings potential will remain subdued.<\/p>\n","protected":false},"author":1,"featured_media":3024,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"categories":[2],"tags":[],"industry":[41],"market":[57],"service":[49],"insight-type":[55],"class_list":["post-3067","insights","type-insights","status-publish","has-post-thumbnail","hentry","category-sin-categorizar","industry-servicios-financieros","market-puerto-rico-es","service-analitica-para-negocios-y-mercado","insight-type-reporte"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.4 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PR Banking Industry Report - January to March 2016 - V2A<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/v2aconsulting.com\/es\/insights\/pr-banking-industry-report-january-to-march-2016\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PR Banking Industry Report - January to March 2016\" \/>\n<meta property=\"og:description\" content=\"The banking industry kicked off the year on a positive note, posting a solid industry-level Pre-Tax ROE of 8.4%, despite the continuous reduction in economic activity. This reduction is clearly reflected in the drop in loan originations, impacting the revenue generating capacity of the banking system. In this issue, we will provide a 10-year review of mortgage originations by depository and non-depository institutions as well as a 5-year analysis of market share fluctuations. The number of institutions originating mortgages in 2015 reached 35, down from a peak of 53 in 2006 (-18 or -34%). In terms of mortgage origination count, the Island experienced a steep drop from 95.5K in 2005 to 21.6K in 2015 (-73.9K or -77%) while the dollar volume decreased from $12.7B to $3.5B (-$9.2B or -73%). Among depository institutions, Popular leads the way commanding 34% market share (dollar volume), followed by Santander and FirstBank both with 18%. Among non-depository lenders, Moneyhouse (17%), SunWest (9%), and Preferred (9%) are the leaders. Given bleak prospects for renewed growth in the near future, loan originations and banks&#039;\u00a0earnings potential will remain subdued.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/v2aconsulting.com\/es\/insights\/pr-banking-industry-report-january-to-march-2016\/\" \/>\n<meta property=\"og:site_name\" content=\"V2A\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-16T18:31:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/v2aconsulting.com\/wp-content\/uploads\/2024\/08\/Webslider-Banking-Reports-01-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1652\" \/>\n\t<meta property=\"og:image:height\" content=\"1097\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minuto\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/v2aconsulting.com\/es\/insights\/pr-banking-industry-report-january-to-march-2016\/\",\"url\":\"https:\/\/v2aconsulting.com\/es\/insights\/pr-banking-industry-report-january-to-march-2016\/\",\"name\":\"PR Banking Industry Report - January to March 2016 - V2A\",\"isPartOf\":{\"@id\":\"https:\/\/v2aconsulting.com\/es\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/v2aconsulting.com\/es\/insights\/pr-banking-industry-report-january-to-march-2016\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/v2aconsulting.com\/es\/insights\/pr-banking-industry-report-january-to-march-2016\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/v2aconsulting.com\/wp-content\/uploads\/2024\/08\/Webslider-Banking-Reports-01-1.jpg\",\"datePublished\":\"2016-06-23T21:12:53+00:00\",\"dateModified\":\"2025-01-16T18:31:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/v2aconsulting.com\/es\/insights\/pr-banking-industry-report-january-to-march-2016\/#breadcrumb\"},\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/v2aconsulting.com\/es\/insights\/pr-banking-industry-report-january-to-march-2016\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\/\/v2aconsulting.com\/es\/insights\/pr-banking-industry-report-january-to-march-2016\/#primaryimage\",\"url\":\"https:\/\/v2aconsulting.com\/wp-content\/uploads\/2024\/08\/Webslider-Banking-Reports-01-1.jpg\",\"contentUrl\":\"https:\/\/v2aconsulting.com\/wp-content\/uploads\/2024\/08\/Webslider-Banking-Reports-01-1.jpg\",\"width\":1652,\"height\":1097},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/v2aconsulting.com\/es\/insights\/pr-banking-industry-report-january-to-march-2016\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/v2aconsulting.com\/es\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PR Banking Industry Report - January to March 2016\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/v2aconsulting.com\/es\/#website\",\"url\":\"https:\/\/v2aconsulting.com\/es\/\",\"name\":\"V2A\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/v2aconsulting.com\/es\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/v2aconsulting.com\/es\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"es\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/v2aconsulting.com\/es\/#organization\",\"name\":\"V2A\",\"url\":\"https:\/\/v2aconsulting.com\/es\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\/\/v2aconsulting.com\/es\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/v2aconsulting.com\/wp-content\/uploads\/2024\/07\/v2a-logo-1.svg\",\"contentUrl\":\"https:\/\/v2aconsulting.com\/wp-content\/uploads\/2024\/07\/v2a-logo-1.svg\",\"caption\":\"V2A\"},\"image\":{\"@id\":\"https:\/\/v2aconsulting.com\/es\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"PR Banking Industry Report - January to March 2016 - V2A","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/v2aconsulting.com\/es\/insights\/pr-banking-industry-report-january-to-march-2016\/","og_locale":"es_ES","og_type":"article","og_title":"PR Banking Industry Report - January to March 2016","og_description":"The banking industry kicked off the year on a positive note, posting a solid industry-level Pre-Tax ROE of 8.4%, despite the continuous reduction in economic activity. 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