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Puerto Rico Banking Sector Achieves Record Low Loan Delinquency and High Pre-Tax Return on Equity in Q1 2023

In the first quarter of 2023, the banking sector reached the lowest loan delinquency level since 2005, which contributed to its high Pre-Tax Return on Equity (ROE) of 27.9% in the same period.

The banking industry is undergoing a transformation in the provision of services worldwide. In this Insight, we will review the most important digital trends around the transformation of the sector worldwide and in the Dominican Republic, as well as its impact on customers.

This insight proposes a GMO structure approach that ensures accountability and transparency of federal funds utilization. It can help governments improve responsiveness, combat fraud, waste, error, and abuse, and ensure recipients maximize grant dollars for the benefit of the public.