With a presence in the United States, Latin America and the Caribbean, Banco Popular has 65 percent of the market share in its home base of Puerto Rico.
Founded in 1893, Banco Popular is the largest banking institution by both assets and deposits in Puerto Rico. It offers a suite of financial and non-financial services, with a focus on meeting the distinct needs of its customers. The bank serves more than 1.5 million retail customers and 70,000 commercial customers in Puerto Rico and the Virgin Islands alone, including large corporations and small and medium enterprises (SMEs), through a network of 177 branches and 646 ATMs. In the United States, operating as Popular Community Bank, the company delivers financial services across 50 branches in New York, New Jersey and Florida.
Banco Popular has always had a strong mission to bring financial services to those without access and strengthen the communities in which it operates. As part of this mandate, the bank launched the “Echar Pa’lante” program several years ago to foster an entrepreneurial mind-set, with the aim of boosting the country’s economy. The bank will soon launch the next phase of this program, Start-Up Popular, which will finance some of these ventures and offer trainings to entrepreneurs, with a special focus on women. In January 2016, the bank plans to roll out a comprehensive diversity initiative that will offer a number of educational programs intended to close women’s financial knowledge gaps. The bank is also a proud supporter of the Ellevate organization, a network of professional women, and Grameen Bank, which lends exclusively to women.