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    J. Baker

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V2A Insights Public

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2018, a turning point for the profitability of local banks?

February 20

2018 was an excellent year for the profitability of banks in Puerto Rico. At the industry level, Pre-Tax ROE reached 14%, aligned with the US banking industry profitability levels for the first time in ten years. We expect this trend to continue in 2019 since most of the profitability levers seem to be moving in the right direction.

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Industry Reports

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PR Banking Industry Report Q4' 2018

March 13

The Puerto Rico banking industry closed the year 2018 on a high note, registering a Pre-Tax ROE of 14%, the highest level of profitability since 2005. The divergence between the profitability of local banks and US commercial banks narrowed significantly in 2018 with US commercial banks reporting a...

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