Popular, Inc. · Hato Rey, PR United States ·(NASDAQ (GS): BPOP)
Company Description
View Popular, Inc. Locations On A US Map
This link will open in a new window
This link will open in a new window Popular is popular, and not just in Puerto Rico. Popular is the bank holding company for Banco Popular de Puerto Rico, the largest bank on the island, with some 240 branches. In addition to banking products, Banco Popular's subsidiaries offer vehicle financing and leasing (Popular Auto), small consumer loans (Popular Finance), insurance (Popular Insurance) and mortgages (Popular Mortgage). Banco Popular also has a half-dozen branches in the Virgin Islands and in New York. Subsidiary Popular International Bank owns
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Popular, Inc. Financials
| Company Type | Public - NASDAQ (GS): BPOP Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $2,109.2 |
| 2008 Employees | 10,387 |
Popular, Inc. Executives
31 executives listed for Popular, Inc.'s Hato Rey, PR location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO, Popular, Banco Popular Puerto Rico, and Banco Popular North America | Richard Carrión | Network |
| President and COO | David Chafey | Network |
| SEVP and CFO | Jorge Junquera | Network |
Competition
Competitive Landscape for Popular, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Popular, Inc. Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!