SAN JUAN, Puerto Rico--(BUSINESS WIRE)--
OFG Bancorp (NYSE:OFG) today announced that its Oriental Bank subsidiary
has introduced the first fully integrated online application in Puerto
Rico for secured or unsecured personal loans.
“This innovation is part of Oriental’s ongoing strategy of exploiting
technology and our internal capabilities to set the gold standard in the
local market for unparalleled customer service,” said Ganesh Kumar,
OFG’s Senior Executive Vice President and Chief Operating Officer, in
charge of all retail operations.
Customers can access the app on their smartphone, tablet or desktop
computer from www.orientalbank.com,
selecting “For You” and then “Personal Loans.” There, they can initiate
the application and upload required documents or photos. Upon
notification of approval, they can schedule an appointment to sign for
the loan at the branch, date and time of their choice.
Online appointment scheduling is another feature Oriental launched
earlier this year, enabling clients to easily arrange meetings with its
banking, lending or wealth management experts and avoid waiting in lines.
Oriental offers personal loans for a variety of purposes. The bank is
number two in Puerto Rico with a 14% share in the category (excluding
credit cards). Consumer loans totaled 7% of Oriental’s loan portfolio at
year end 2016, up from 6% in 2015 and 5% in 2014.
As a challenger brand and proven leader in innovative client facing
technologies in Puerto Rico, Oriental has led the way with innovations
for retail clients such as Cardless Cash (mobile phone ATM access), My
Status (residential mortgage loan application tracking), FOTOdepósito
(remote deposit capture thru mobile), People Pay (mobile person to
person payments), and Cuenta Libre (Freedom Account, for surcharge-free
access to ATMs).
About OFG Bancorp
Now in its 53rd year in business, OFG Bancorp is a
diversified financial holding company that operates under U.S. and
Puerto Rico banking laws and regulations. Its three principal
subsidiaries, Oriental Bank, Oriental Financial Services and Oriental
Insurance, provide a full range of commercial, consumer and mortgage
banking services, as well as financial planning, trust, insurance,
investment brokerage and investment banking services, primarily in
Puerto Rico, through 48 financial centers. Investor information can be
found at www.ofgbancorp.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170331005446/en/
OFG Bancorp
Puerto Rico:
Idalis Montalvo,
787-777-2847
idalis.montalvo@orientalbank.com
or
US:
Gary
Fishman, 212-532-3232
gfishman@ofgbancorp.com
or
Steven
Anreder, 212-532-3232
sanreder@ofgbancorp.com
Source: OFG Bancorp