Puerto Rico Economic Pulse ©

February 2000: Speeding the Markets

Insights into how the last 10 years changed banks in Puerto Rico

Economic prosperity in the U.S. and Puerto Rico in the 1990`s has helped skyrocket the local commercial banking sector. A consolidation wave eliminated more than half the commercial banks that were present in 1989. How have banks reacted to a changing depository environment over the past ten years? Are banks coping with the end of Section 936 benefits? Will the changing federal legislation impact the local banking sector? The 1990`s have also been characterized by rising bankruptcy rates. What is the impact on a bank`s personal loan portfolio? Learn where new loans are coming from and potential pitfalls in the future of loan growth and whether local bank stocks have felt the impact of rising interest rates.

Puerto Rico Economic Pulse ©

January 2000: Puerto Rico`s Changing Telecom Universe

Both consumers and service providers stand to win

Globalization has reshaped economies all around the world transforming local markets into world affairs. Mergers and acquisitions have redefined the might of the players. They are now bigger, more cost-efficient and ever-seeking a competitive edge. In PR, federal laws and local deregulation acts in 1990 and particularly in 1996 have redefined what telecommunications are all about. This highly technologically driven sector is changing faster than a speeding bullet. More services, new technologies, lower competitive prices are just some of the features in this new universe. With the sale of publicly owned PRTC, can we expect more competition? Find out where all this is going.