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Banco Popular De Puerto Rico Named “Bank of the Year Puerto Rico” by The Banker Magazine
SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- Popular, Inc. (NASDAQ: BPOP) announced that Banco Popular de Puerto Rico (BPPR) was selected as “Bank of the Year
About this update from Popular, Inc.
[{"type":"text","content":" SAN JUAN, Puerto Rico--(BUSINESS WIRE)--\nPopular, Inc. (NASDAQ: BPOP) announced that Banco Popular de Puerto Rico (BPPR) was selected as “Bank of the Year Puerto Rico” by The Banker, The Financial Times’ international banking magazine. BPPR has received this prestigious recognition eleven times since the award’s inception in 1998.\n\n\nAccording to The Banker, Popular was selected as a result of the bank’s transformation initiatives to enhance customer experience through a more efficient commercial lending process as well as a technology agenda that optimizes ongoing in-house innovation. The Banker shares, that this year was an important one for the bank because it began the implementation of a substantial transformation program with a three-year horizon. The plan focuses on people, culture, and purpose, modernizing technology architecture and improving customer solutions. It also reported that additionally, in 2022 the bank saw its best results in its history, including a record annual net income of $1.1bn which was $168m higher than 2021.\n\n\nIgnacio Alvarez, President and CEO of Popular, Inc., shares, “Popular’s purpose is to put people at the center of progress. Recognizing the pace of change in the financial sector, we have embarked on an ambitious transformation designed to embed ourselves more deeply in our customer’s lives, enhance value through personalized experiences and modernize our technology platform to enable greater agility, innovation, and performance.”\n\n\nThis year marks Banco Popular’s 130th anniversary. “It is thanks to the hard work and dedication of all our employees that we continue to build a bright future for Popular,” Alvarez acknowledged. The bank also achieved a significant milestone in Puerto Rico, adding more customers and now has more than two million unique customers.\n\n\nThe Banker is a financial intelligence magazine, founded in 1926, and provides international bank ratings. Recognized as the industry standard for banking excellence, The Banker’s Bank of the Year award is contested by the world’s leading financial institutions, with winners chosen across Africa, Asia-Pacific, Central & Eastern Europe, Latin America, the Middle East, North America, and Western Europe. The Banker made awards in 140 countries and received more than 400 submissions. According to the publication, these trailbl...