Banco Popular de Ahorro
With a strong profit growth and a significantly low cost-to-income ratio, Banco Popular de Ahorro has once again been awarded best bank in Cuba, reaffirming its leading position in the local market.
Not only has the bank consolidated its dominance in the personal finance segment, distinguishing itself with improvements of automated equipment, data transmission and the operation of a recent network of ATM and point-of-sale (POS) widespread in the country. It has also grown its corporate financing portfolio and developed its product offering, financing programmes linked to crucial economical sectors. Banco Popular de Ahorro has also widened its network of correspondent banks abroad, increasing its business horizon.
President Orlando D López Garcés says: “Growth in assets and the product and service portfolio, the reporting of significant profits, the automated equipment systematic development, the increasing network of correspondent banks and the high professional level of our employees, among others, are some of the determinant indicators that show the sustained growth experienced by an institution that stands out in the Cuban banking system for its leadership in private banking, and success in corporate banking.”
