Oriental Financial Group
|Type||Public (NYSE: OFG)|
|Industry||Finance and Insurance|
|Founded||San Juan, Puerto Rico; 1964|
|Headquarters||San Juan, Puerto Rico|
|Key people||Jose Rafael Fernandez, President & CEO
Jose Gil de la Madrid, Chairman
|Revenue||US$ 230.45 million (2005)|
|Net income||US$ 37.61 million (2005)|
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 and Trust (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.
- Oriental Bank and Trust
- Oriental Financial Services Corp.
- Oriental Insurance, Inc.
- Caribbean Pension Consultants, Inc. (CPC).