SAN JUAN, Puerto Rico -- (Business Wire)
Popular, Inc. (NASDAQ: BPOP) announced that for the fifth consecutive
year, Banco Popular de Puerto Rico, its banking subsidiary, was
recognized as a leading “Bank of the Year Americas” by The Banker, an
international banking magazine published by Financial Times, Ltd.
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The Banker named Banco Popular de Puerto Rico “Bank of the Year Puerto
Rico,” acknowledging the bank’s continued expansion and customer base
growth, racking up strong numbers in 2017. The Banker notes that the
bank saw a 17% increase in total deposits and added another 31,000
customers. Total assets reached $34.7bn and market share in total
deposits (net of brokered) and total loans increased to 52% and 43%,
respectively. Of note for The Banker, is that the bank had to work under
emergency conditions for months in the wake of hurricanes that struck
the island in September 2017.
The Banker also shared that Popular became one of the first banks in the
West to use biometrics for authentication and was the first bank in
Latin America to offer mobile payment and digital wallet service Samsung
This year BPPR celebrated its 125th year anniversary. Ignacio
Alvarez, President and CEO of Popular, Inc., shared, “We are thrilled to
receive this recognition on the heels of disaster recovery. At the heart
of our success are our employees, whose steadfast commitment to
Popular’s customers and communities have set us apart throughout our
Founded in 1926, The Banker, is a financial intelligence magazine,
providing international bank ratings. According to The Banker, award
judges were set the task of deciding which banks had performed the best
against this backdrop. Banks that have delivered solid financial results
while demonstrating prowess in developing new products, services and the
employment of new technology were selected.
This marks the 19th year of the rankings and awards were made
in 140 countries. The Banker states this year they received some of the
strongest entries in the history of their awards.
About Popular, Inc.
Popular, Inc. is the leading financial institution in Puerto Rico, by
both assets and deposits, and ranks among the top 50 U.S. bank holding
companies by assets. Founded in 1893, Banco Popular de Puerto Rico,
Popular’s principal subsidiary, provides retail, mortgage and commercial
banking services in Puerto Rico and the U.S. Virgin Islands. Popular
also offers in Puerto Rico auto and equipment leasing and financing,
investment banking, broker-dealer and insurance services through
specialized subsidiaries. In the mainland United States, Popular
provides retail, mortgage and commercial banking services through its
New York-chartered banking subsidiary, Popular Bank, which has branches
located in New York, New Jersey and Florida.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181206005682/en/
Popular, Inc. Media Relations:
Teruca Rullán, 787-281-5170
or 917-679-3596 (mobile)
Senior Vice President, Corporate
Source: Popular, Inc.
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