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Bank Earnings Increased 18.8% in the First Quarter
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By Luisa García Pelatti The three largest commercial banks in Puerto Rico obtained $280,0 million in profits during the first quarter of 2025, 18.8% more than in the same period of 2024, according to data from the Federal Deposit Insurance Corporation (FDIC). Profits had increased 11.1% in 2024, to $1,009,4 million, after falling 26.7% in 2023 and after reaching a record level of profits of $1,240,2 million in 2022. In the first quarter of 2025,…
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