Best Bank - Puerto Rico
Puerto Rico has been suffering a recession for more than four years. Several banks have collapsed, unemployment has soared and bankruptcies have increased.
Against these rough seas,
Santanders local unit has been swimming upstream.
Assets increased to $8.8
billion in the first quarter of 2010 from $8.1 billion a year
earlier. In the same period, the bank grew its return on assets
(ROA) to 1.27% from zero, and its return on equity (ROE) to
14.07% from -0.02%.
However, the Spanish bank, like most large institutions in
the system, is underperforming. Average ROA at Puerto Rican
banks is 2.86% and average ROE is 29.43%, according to US-based
business intelligence firm...
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