Financial Times’ The Banker Magazine Names Popular “Bank of the Year Puerto Rico”
Banco Popular de Puerto Rico has been named 'Bank of the Year Puerto Rico' by The Financial Times' The Banker magazine for the twelfth time. The recognition highlights Popular's corporate purpose of 'Putting People at the Center of Progress' through financial inclusion and entrepreneurial support initiatives.
Key achievements include the Emprende Con Popular program for entrepreneur support, SimpleCredit for small business loans, and a $300 million technology investment. The bank was also recognized for funding affordable housing and renewable energy projects. The Banker's awards, considered the industry standard for banking excellence, evaluated over 400 submissions from 127 countries, acknowledging institutions that have demonstrated resilience and innovation amid economic challenges.
Banco Popular de Puerto Rico è stato nominato 'Banca dell'Anno Porto Rico' dalla rivista The Banker del Financial Times per la dodicesima volta. Questo riconoscimento sottolinea l'obiettivo aziendale di Popular di 'Mettere le Persone al Centro del Progresso' attraverso iniziative di inclusione finanziaria e supporto all'imprenditorialità.
I risultati chiave includono il programma Emprende Con Popular per il supporto agli imprenditori, SimpleCredit per prestiti alle piccole imprese e un investimento in tecnologia di 300 milioni di dollari. La banca è stata anche riconosciuta per il finanziamento di alloggi a prezzi accessibili e progetti di energia rinnovabile. I premi del Banker, considerati lo standard del settore per l'eccellenza bancaria, hanno valutato oltre 400 candidature provenienti da 127 paesi, riconoscendo le istituzioni che hanno dimostrato resilienza e innovazione di fronte a sfide economiche.
Banco Popular de Puerto Rico ha sido nombrado 'Banco del Año Puerto Rico' por la revista The Banker del Financial Times por duodécima vez. Este reconocimiento resalta el propósito corporativo de Popular de 'Poner a las Personas en el Centro del Progreso' a través de iniciativas de inclusión financiera y apoyo al emprendimiento.
Los logros clave incluyen el programa Emprende Con Popular para el apoyo a emprendedores, SimpleCredit para préstamos a pequeñas empresas y una inversión en tecnología de 300 millones de dólares. El banco también fue reconocido por financiar viviendas asequibles y proyectos de energía renovable. Los premios del Banker, considerados el estándar de la industria para la excelencia bancaria, evaluaron más de 400 propuestas de 127 países, reconociendo a las instituciones que han demostrado resiliencia e innovación en medio de desafíos económicos.
푸에르토리코의 뱅코 포퓰라르는 올해의 은행 푸에르토리코로 파이낸셜 타임스의 더 뱅커 매거진에 의해 12번째로 선정되었습니다. 이 인정은 금융 포괄성과 기업가 지원 이니셔티브를 통해 '사람을 진보의 중심에 두기'라는 포퓰라르의 기업 목적을 강조합니다.
주요 성과로는 기업가 지원을 위한 엠프렌데 콘 포퓰라르 프로그램, 소기업 대출을 위한 SimpleCredit 및 3억 달러의 기술 투자가 포함됩니다. 은행은 또한 저렴한 주택과 재생 가능 에너지 프로젝트에 대한 자금 지원으로 인정받았습니다. 뱅커의 상은 은행 우수성의 업계 기준으로 간주되며, 127개국에서 400개 이상의 제출물을 평가하여 경제적 도전 속에서도 회복력과 혁신을 보여준 기관을 인정합니다.
Banco Popular de Puerto Rico a été nommé 'Banque de l'Année Porto Rico' par le magazine The Banker du Financial Times pour la douzième fois. Cette reconnaissance souligne l'objectif d'entreprise de Popular de 'Mettre les Personnes au Centre du Progrès' à travers des initiatives d'inclusion financière et de soutien à l'entrepreneuriat.
Les réalisations clés incluent le programme Emprende Con Popular de soutien aux entrepreneurs, SimpleCredit pour des prêts aux petites entreprises, et un investissement technologique de 300 millions de dollars. La banque a également été reconnue pour son financement de logements abordables et de projets d'énergie renouvelable. Les prix du Banker, considérés comme la norme de l'industrie en matière d'excellence bancaire, ont évalué plus de 400 soumissions provenant de 127 pays, reconnaissant les institutions ayant démontré résilience et innovation face aux défis économiques.
Banco Popular de Puerto Rico wurde zum 'Bank des Jahres Puerto Rico' von der The Banker-Zeitschrift des Financial Times zum zwölften Mal gekürt. Diese Anerkennung unterstreicht das Unternehmensziel von Popular, 'Menschen in den Mittelpunkt des Fortschritts zu stellen' durch finanzielle Inklusion und unternehmerische Unterstützungsinitiativen.
Zu den wichtigsten Erfolgen zählen das Emprende Con Popular-Programm zur Unterstützung von Unternehmern, SimpleCredit für Kleinstkredite und eine 300 Millionen Dollar-Investition in Technologie. Die Bank wurde auch für die Finanzierung von erschwinglichem Wohnraum und Projekten im Bereich erneuerbare Energien anerkannt. Die Auszeichnungen des Bankers, die als Branchenstandard für Bankeneffizienz gelten, bewerteten über 400 Einsendungen aus 127 Ländern und ehrten Institutionen, die Resilienz und Innovation inmitten wirtschaftlicher Herausforderungen gezeigt haben.
- Received prestigious 'Bank of the Year Puerto Rico' award for the 12th time
- $300 million investment in technology infrastructure
- Launch of new business lending products (SimpleCredit)
- Successful implementation of entrepreneurial support programs
- None.
Insights
Popular's recognition highlights its strategic focus on technological advancement and community development. The
The bank's focus on affordable housing and renewable energy projects indicates strong ESG positioning, which increasingly influences institutional investment decisions. Popular's consistent recognition (winning 12 times) suggests sustained operational excellence and adaptability. For investors, this award reinforces Popular's market leadership in Puerto Rico and its balanced approach to growth through technology investment and community development.
Popular's strategy aligns perfectly with current banking sector trends emphasizing digital transformation and financial inclusion. The bank's initiatives in entrepreneurial support and streamlined lending processes address important market gaps in Puerto Rico's business ecosystem. Their substantial technology investment positions them well against emerging fintech competitors while maintaining traditional banking strengths.
The focus on sustainable projects and affordable housing demonstrates market foresight, particularly as ESG factors become increasingly important to investors. The recognition from The Banker, a respected industry publication, validates Popular's market position and strategy execution. This comprehensive approach to banking innovation, combined with community-focused initiatives, suggests strong potential for sustained market leadership and growth in Puerto Rico.
The Banker stated that Popular was selected for its transformative corporate purpose, “Putting People at the Center of Progress,” which is displayed by focusing on financial inclusion and entrepreneurial support, while continuing to develop innovative products and programs. Select initiatives highlighted for their innovation include Emprende Con Popular, which aids entrepreneurs through tailored financing and resources and the launch of SimpleCredit for streamlined small business loans.
The Banker also highlighted Popular’s
“Popular is committed to driving banking innovation that empowers customers, employees, and communities, while supporting Puerto Rico’s entrepreneurship and sustainable economic growth,” said Ignacio Alvarez, CEO of Popular, Inc. “We’re proud of our employees’ dedication to helping Puerto Ricans achieve their financial goals. By investing to stay at the forefront of technology, we ensure reliable, safe, and innovative banking platforms to enable a unique customer experience and continues to put people at the center of progress.”
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
About Popular, Inc.
Popular, Inc. (NASDAQ: BPOP) is the leading financial institution in
View source version on businesswire.com: https://www.businesswire.com/news/home/20241205041473/en/
Natacha Vale
natacha.vale@popular.com
(787) 553-6681
Source: Popular, Inc.
FAQ
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