Best Bank - Puerto Rico

Best Bank - Puerto Rico

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Against these rough seas, Santander’s 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 SNL Financial. Santander is the third largest bank in Puerto Rico in terms of assets, trailing behind locally owned Banco Popular and Canada’s Scotiabank, according t

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