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SAN JUAN, Puerto Rico–(BUSINESS WIRE)–The first Bancorp. (a “corporation”) (NYSE: FBP), the bank holding company of FirstBank Puerto Rico (the “Bank”), today announced that The Banker, the International Banking Magazine of the Financial Times, has selected the bank as the Bank of Puerto Rico. did. Year – 2022.
The banker recognized the bank’s leadership position in the Puerto Rico market, as well as its strong fundamentals, solid capital position and high profitability levels relative to peers. The banker also enhanced its digital banking offering, highlighting the progress the bank has made to support clients during the COVID-19 pandemic, and incorporating sustainability practices into its operations.
“We are very pleased to be named Puerto Rico Bank of the Year. “It demonstrates our deep commitment to serving our clients while paying for our services.” “After successfully integrating over 150,000 customers from our recently acquired businesses, we now have a global presence across all core business segments. We are focused on growing our market share by leveraging our fortress balance sheet across the board and continuing to improve and expand our digital self-service offering for the benefit of all our shareholders, employees, clients and myself. of the communities we serve.
Founded in 1926, The Banker is a monthly global financial affairs publication owned by The Financial Times and recognized as the world’s leading banking and financial resource for banking industry data and analytics. The Banker’s Bank of the Year award is contested by the world’s leading financial institutions, with winners drawn from Africa, Asia Pacific, Central and Eastern Europe, Middle East, America and Western Europe. Rankings and awards are in their 23rd year this year.
About First Bancorp.
First Bancorp. is the parent company of FirstBank Puerto Rico, a state-licensed commercial bank with operations in Puerto Rico, the United States, the British Virgin Islands and Florida, and FirstBank Insurance Agency, LLC. Among FirstBank’s Puerto Rico subsidiaries is First Federal Finance Limited Liability Company, a small lending company. The original BanCorp common stock trades on the New York Stock Exchange under the symbol “FBP.”
View source version at businesswire.com: https://www.businesswire.com/news/home/20221202005213/en/
senior vice president
Corporate strategy and IR
(787) 729-8200 ext. 82179
Source: First Bancorp.