Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / BPOP - Popular completes its second round of PPP originates $2.1B loans for both rounds

BPOP - Popular completes its second round of PPP originates $2.1B loans for both rounds

Popular Inc.
Kameleon007/iStock via Getty Images The Puerto Rico-based bank, Popular ([[BPOP]] +0.4%) completes the second round of the CARES Act's Paycheck Protection Program on May 31, originating $2.1B in both PPP rounds and processing ~50K loans. The second round, which started on Jan. 19, processed 20,500 loans, or $673M; Popular's average loan size was $32,800 compared with the national average of $42,000. Popular's processed PPP loans for both rounds represent 62% of the total loans originated on the island. Ignacio Alvarez, president and CEO of Popular comments, "a hundred percent of our loan requests in the second round were processed through our portal, enabling us to originate, review for approval and disburse these loans digitally."

For further details see:

Popular completes its second round of PPP, originates $2.1B loans for both rounds
Stock Information
Company Name: Popular Inc.
Stock Symbol: BPOP
Market: NASDAQ
Website: popular.com
Menu
BPOP BPOP Quote BPOP Short BPOP News BPOP Articles BPOP Message Board
Get BPOP Alerts

News, Short Squeeze, Breakout and More Instantly...