Results You Can Take to the Bank


Puerto Rico has the necessary banking and insurance resources to ensure your business has a solid base. The local government has worked with the Federal Deposit Insurance Corporation (FDIC) to strengthen the financial system, which is vital for the local financial evolution. Funding programs have been restructured to provide greater choices and support for small and mid-sized businesses. In addition, a savings-oriented society is actively promoted through the creation of a Consumer Training Institute -within the Office of the Commissioner of Financial Institutions- and its educational programs and services.

With commercial bank deposits exceeding $48 billion, brokerage firms managing $31.8 billion in assets and deposits for Credit Unions deposits at over $5 billion, it’s easy to understand why Puerto Rico is such a solid market.

There are 33 international banking entities in Puerto Rico and 7 retail banks with over 440 branches. In addition, the island boasts the 3rd largest insurance sector in Latin America.

For more information on incentives and statistics from successful businesses, please contact us at 787-765-2900 or send us an email to infofinance@prdoesitbetter.com.

Helpful Links:
Office of the Commissioner of Insurance of Puerto Rico
Office of the Commissioner of Financial Institutions of Puerto Rico

 

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