Lidio Soriano

“Credit quality metrics remained stable during the first quarter with lower early delinquency, NPLs and inflows, and higher net charge-offs. Despite the uncertain economic environment, our consumers, businesses remain resilient.”

“Turning to slide number 12, credit quality matrix remains stable during the fourth quarter with lower NPLs and lower net charge-off. Non-performing assets and loans decreased by $4 million this quarter, mainly due to popular banks.”

“The ratio of non-performing loans to total loans held in portfolio increased to 1.3% compared to 82 basis points in the prior quarter. Credit quality metrics were impacted by two unrelated commercial exposures in BPPR, resulting in an increase in non-performing loans and net charge-offs.”

“Credit quality metrics remained stable during the fourth quarter with the mortgage and commercial portfolios reflecting credit metrics significantly below pre-pandemic levels.”

“Credit quality metrics improved from the first quarter with the corporation's mortgage and commercial portfolios continuing to reflect credit metrics significantly below pre-pandemic levels, while credit quality metrics continue to normalize for Puerto Rico's consumer portfolios.”