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Article: Banco Santander Puerto Rico Announces 1998 Third Quarter Results.
- Article from:
- PR Newswire
- Article date:
- October 23, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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-- Net interest income rose 9.5% to $57.8 million.
-- Efficiency ratio improved to 60.2% from 64.3%
-- Corporate and Construction loan portfolios increased by $87.4 million
or 19.2% and $52.2 million or 31.5%, respectively.
-- Delinquency ratio decreased to 1.54%, one of the lowest in the local
market.
-- The ratio of total capital to risk-adjusted assets reached 12.71%