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The BPPR in the logo stands for Banco Popular de Puerto Rico, where the bank has its major historical footprint. Popular, Inc. is the parent company of Banco Popular de Puerto Rico, Popular Bank, E-Loan, and several other companies. The headquarters of Banco Popular Puerto Rico is in Hato Rey, San Juan.
After the Liberal Revolution came a period called the Banking Plutocracy (Plutocracia bancaria) that was dominated by private banking, especially by the Commercial and Agricultural Bank of Guayaquil (Banco Comercial y Agrícola de Guayaquil). This period ended with the July Revolution (Revolución Juliana) of 1925. [2]
Its trademark El Banco del Pueblo is Spanish for The People’s Bank. The W Holding Company was a financial holding corporation located in Mayagüez , Puerto Rico . On April 30, 2010, Westernbank , its wholly owned bank subsidiary, failed and its deposits and assets were seized by the Federal Deposit Insurance Corporation and subsequently sold ...
Instituto de Banca y Comercio was founded by Fidel Alonso-Valls in 1974 in the city of San Juan, Puerto Rico, where it only had two classrooms and 15 students. Initially, it was an institution specialized in preparing tellers for the banking industry in Puerto Rico. Hence its original name, International Banking School.
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The Economic Development Bank for Puerto Rico —Spanish: Banco de Desarrollo Económico para Puerto Rico (BDE)— is a government-owned corporation of Puerto Rico that provides loans, loan guarantees, and funds to private organizations whose economic activities have the effect of replacing imports in Puerto Rico. [1]
In 1994 Lasso became the CEO of Banco Guayaquil. [4] His brother-in-law Danilo Carrera Drouet previously was CEO of Banco Guayaquil from 1983 to 1984. [32] As a part of his tenure, he founded the Bancos del Barrio program, a community banking initiative that brought in local shopkeepers as economic partners with the bank in planning and ...
The Bank was the brainchild of Governor Rexford Guy Tugwell, who signed Law 253 of May 13, 1942, creating the institution in charge of economic development for the Government of Puerto Rico. A subsequent law in 1945 expanded its responsibilities to include serving as the fiscal agent for, and financial advisor of, the government of Puerto Rico.