Vision to Action (V2A) launched Puerto Rico Banking Indicators Portal on March 1, 2016. The initiative responds to the necessity of putting at the end users’ fingertips the most comprehensive database of performance and financial condition indicators available for the retail banking industry in Puerto Rico. It thus makes available a web-based interactive graphic interface version of the comprehensive Puerto Rico banking industry reports that the local consulting firm has been continuously publishing since January 2009, totaling as of March 2016 twenty-seven issues that are currently available on our website.
The main objective of the portal is to disseminate statistical data based on the most relevant variables and ratios of the retail banking sector in Puerto Rico in the most interactive, immediate and efficient way possible for the end user. Consequently, the portal consists mainly of a series of dashboards that provide a graphic representation that will enable users to analyze and visualize the most important financial indicators of the local retail banking industry. To increase ease of use and portability of the available information, the user can access, at no cost and at any time, the digital reports which can be viewed and downloaded in PDF or Excel formats. Furthermore, the end user may share the findings through social media outlets including Twitter and Facebook. Among the key performance and financial condition indicators available it is worth highlighting those of profitability, productivity, capital adequacy, asset quality and liquidity. The portal gets information through official databases of the Federal Deposit Insurance Corporation (FDIC) and displays the statistical data in time series from 2009 or for specific periods of time, including quarterly or annually. The portal is updated every quarter once public FDIC data is available. Among the major retail commercial banks analyzed are: Banco Popular de Puerto Rico, FirstBank Puerto Rico, Banco Santander Puerto Rico, Oriental Bank and Scotiabank de Puerto Rico.
In conclusion, thanks to the possibility afforded us by the Institute of Statistics of Puerto Rico, V2A has established itself as a pioneer private sector organization by making available to the general public a powerful, modern and innovative tool. This step will help increase the transparency and visibility of one of the most important sectors for growth and economic development in Puerto Rico.
Xavier Divi
Engagement Manager, V2A
Disctrict View Plaza, Suite 401
644 Fernández Juncos Avenue
San Juan, P.R. 00907-3122
Phone: (787) 919-7303
Fax: (787) 919-7319
xavierdivi@v-2-a.com
www.v-2-a.com
As of October 20, 2019 all digital reports are available for the third quarter of 2019 (2019 Q3)
As of February 20, 2020 all digital reports will be available for the fourth quarter of 2019 (2019 Q4)
See a step-by-step explanation at the following link: Navigation Instructions
Statistical data available is retrieved from the: Federal Deposit Insurance Corporation (FDIC)
Download the file at the following link: Methodological Manual
Find the pre-accreditation process status of the portal at the following link: Institute of Statistics of Puerto Rico