Oriental Financial Group
| Public | |
| Traded as | NYSE: OFG |
| Industry | Finance and Insurance |
| Founded | Humacao, Puerto Rico; 1964 |
| Headquarters | San Juan, Puerto Rico |
|
Key people
|
Jose Rafael Fernandez, President & CEO Julian S. Inclán, Chairman |
| Products | Banking Checking Accounts Insurance stock brokerage Investment Bank Asset-Based Lending Consumer finance |
| Revenue | US$ 230.45 million (2005)[1] |
| US$ 37.61 million (2005)[1] | |
|
Number of employees
|
520 (2005)[1] |
| Website | www.orientalonline.com |
Oriental Financial Group, Inc., more commonly known as Oriental Financial or Oriental Bank, is a financial holding company located in San Juan, Puerto Rico which offers a range of financial services in Puerto Rico and the state of Florida through its four wholly owned subsidiaries: Oriental Bank (a bank), Oriental Financial Services Corp., Oriental Insurance, Inc., and Caribbean Pension Consultants, Inc. (CPC). Its headquarters are located at the Oriental Center at 997-1000 San Roberto Street, Professional Offices Park in San Juan. The Oriental Financial Group has over $7.6 billion in assets (2005), and approximately 520 employees.
In 2010, Oriental acquired failed competitor Eurobank. On 2012, Oriental announced the acquisition of Spain's Banco Bilbao Vizcaya Argentaria's Puerto Rican unit for $500 million in cash. The deal is expected to be approved by regulators by the end of 2012.[2]
Subsidiaries
- Oriental Bank
- Oriental Financial Services Corp.
- Oriental Insurance, Inc.
- Oriental Pension Consultants, Inc. (OPC).
- Oriental Mortgage
- Oriental Auto
References
- ↑ 1.0 1.1 1.2 Oriental Financial Corporate Information by Forbes.com
- ↑ Oriental Financial to buy BBVA's Puerto Rican bank
