Best Bank Puerto Rico: Reducing Risk

Best Bank Puerto Rico: Reducing Risk

“Out of its $7 billion in assets, less than $2 billion is in loans and this amount has remained flat in the second quarter of 2009 compared with the second quarter of 2008,” says Amanda Larson, an equities analyst with Raymond James. Commercial loans, which make up 17.0% of total loans, grew 17.0%, but consumer loans, making up about 2.0% of the total, are down 17.6%. Mortgages, which make up 81.0% of the total, are down 5.0%, Larson explains. Oriental is Puerto Rico’s fourth largest bank in terms of assets. This has helped keep non-performing loans (NPL) in check. According to Oriental’s financial statements, NPLs have stayed pretty stable, dropping to 0.7% in the second

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