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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.
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.
Our Puerto Rico Covid-19 Dashboard includes up to date information of the evolution of #Covid-19 in Puerto Rico. Also compare Puerto Rico with other countries and US states (page 2). Data is updated daily.
Our PR economic dashboard offers a snapshot of current P.R. economic and market conditions, based on key economic and market indicators. Find up to date economic data consolidated in this dashboard and displayed in a visual manner easy to read and interpret
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