SIF obtains $242M loan from Banco Santander Puerto Rico
May 16, 2011
The State Insurance Fund recently signed off on a $242 million loan from Banco Santander Puerto Rico to refinance a prior loan that was in default and for ongoing improvements planned at the government agency.
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EDB looks to boost loan portfolio, expand benefits to small-, mid-sized entrepreneurs
February 20, 2011
The Economic Development Bank announced Sunday it is looking to boost its loan portfolio for Puerto Rico’s small- and mid-sized businesses by nearly 10 percent, to $275 million, in fiscal ’12, as a result of ...
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Popular to sell $500M in bad construction loans, reclassifies U.S. mortgage portfolio
January 31, 2011
Popular Inc. continues taking steps toward improving its balance sheet with an announcement Monday that it has signed a non-binding letter of intent to sell approximately $500 million of construction and commercial real estate loans. ...
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