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Oriental Financial Group Inc.

 
Hoover's Company Profiles:

Oriental Financial Group Inc.

(NYSE:OFG)
Contact Information
Oriental Financial Group Inc.
997 San Roberto St., Oriental Center 10th Fl.
San Juan, PR 00926
PR Tel. 787-771-6800
Fax 787-993-4670

Type: Public
On the web: http://www.orientalfg.com
Employees: 717
Employee growth: 36.3%

Even though Puerto Rico proved not to be home to all those East Indian spices Columbus was seeking, you wouldn't know it by Oriental Financial Group. The holding company's main subsidiary, Oriental Bank and Trust, serves mid- to high-net-worth consumers and entrepreneurs by offering up a mix of banking, insurance, trust, brokerage, and financial planning services through about 50 offices around the commonwealth. Residential mortgages make up more than three-quarters of the bank's loan portfolio, which also includes commercial mortgages, business loans, and home equity loans. Florida-based subsidiary Caribbean Pension Consultants administers retirement plans.

Key numbers for fiscal year ending December, 2010:
Sales: $308.9M
One year growth: (2.7%)
Net income: $9.8M
Income growth: (57.1%)

Officers:
Chairman: José J. Gil de Lamadrid
Vice Chairman, President, and CEO; President, Oriental Financial Services: José Rafael Fernández
EVP and COO: Ganesh Kumar

Competitors:
Doral Financial
First BanCorp (Puerto Rico)
Popular, Inc.

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