Puerto Rico · Financial institution
Banco Popular de Puerto Rico
Banco Popular de Puerto Rico is a Puerto Rico-chartered commercial bank headquartered in San Juan. It is a state member bank of the Federal Reserve System. It is the principal banking subsidiary of Popular, Inc., a bank holding company listed on NASDAQ. According to its parent, the bank was founded in 1893. It provides retail, mortgage and commercial banking in Puerto Rico and the US and British Virgin Islands, as well as auto and equipment leasing and financing in Puerto Rico. It took over the deposits of Westernbank Puerto Rico in April 2010 and of Doral Bank in February 2015, both after they failed and the FDIC took control.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- BPPRPRSXXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under BPPRPRSX directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 1995-03-04
- Last updated
- 2025-12-27
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
100% Popular, Inc.
Institution type
Commercial bank
Trades as Popular
- Ownership
- The bank is wholly owned by Popular, Inc., a bank holding company in San Juan whose shares are listed on NASDAQ.
- Direct parent
- Popular, Inc. ↗, Puerto Rico 100%
- Head office
- Popular Center Building, Suite 913, 209 Munoz Rivera Avenue, 00918 San Juan, Puerto Rico
- Company register
- FDIC cert 34968; Federal Reserve RSSD ID 940311
Business lines
The bank's lending centres on commercial, mortgage and auto loans in Puerto Rico. At 30 June 2026 its segment held 39% of its deposits from Puerto Rico public entities.
Online
- Websites & references
- popular.com ↗
investor.popular.com ↗ investor relations site of the parent, Popular, Inc.
popular.vi ↗ Virgin Islands regional site
resourcecenter.popular.com ↗ customer help and resource centre
newsroom.popular.com ↗ group newsroom
Wikipedia ↗ group article - Official social accounts
- X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗ · TikTok ↗ · Blog ↗
Sources · 8 pages consulted
- ffiec.gov/npw/Institution/Profile/940311
- popular.com/
- investor.popular.com/company-info/leadership-team
- investor.popular.com/governance/board-of-directors
- investor.popular.com/news-releases/news-release-details/popular-inc-announces-second-quarter-2026-financial-re
- nasdaq.com/press-release/popular-announces-leadership-transition-2026-07-23
- resourcecenter.popular.com/en/help/accounts/transfers/intermediary-banks/
- investor.popular.com/sec-regulatory-info/regulatory-reports
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Jorge J. García President and Chief Executive Officer (of Popular, Inc., Banco Popular de Puerto Rico and Popular Bank)
- Executive
- Richard L. Carrión Chairman of the Board of Directors, Popular, Inc. (parent)
- Chief financial officer
- Lidio V. Soriano Executive Vice President and Chief Financial Officer, Popular, Inc.
- Executive
- Luis E. (Ike) Cestero Executive Vice President, Retail & Business Solutions Group, Banco Popular de Puerto Rico
- Executive
- Héctor Alejandro (Alex) Flores Executive Vice President, Specialized Businesses Group, Banco Popular de Puerto Rico
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- United States
- Board of Governors of the Federal Reserve System (Federal Reserve Bank of New York) Prudential supervisorCentral bankAML supervisor
- Puerto Rico
- Office of the Commissioner of Financial Institutions of Puerto Rico (OCIF) Prudential supervisorAML supervisor
- United States
- Consumer Financial Protection Bureau Conduct
- United States
- Federal Deposit Insurance Corporation Resolution
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
Jorge J. García succeeded Javier D. Ferrer as President and CEO of the bank and its parent on 1 September 2026.
nasdaq.com ↗ -
Leadership
Lidio V. Soriano became Chief Financial Officer and Luis F. Sousa became Chief Risk Officer of Popular, Inc. on 1 September 2026.
nasdaq.com ↗ -
Leadership
Javier D. Ferrer became President and CEO of Popular, Inc. and Banco Popular de Puerto Rico in July 2025.
investor.popular.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- BPPRPRSXXXX
- How the BIC breaks down
- BPPRBank
- PRCountry · Puerto Rico
- SXLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- OJH4M4RQMT1WXN2BNC32
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
- National bank code
- ABA routing number 021502011
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Puerto Rico · Latin America & Caribbean
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
- Direct parent
- Popular, Inc. · Puerto Rico5493008CARDZMVQ3LO89 ↗
The Popular, Inc. group has 3 institutions in the directory, in 2 countries: all hold a BIC.
Including Popular Asset Management LLC, Popular Bank.
See the Popular, Inc. group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- POPULAR CENTER BUILDING SUITE 913 209 MUNOZ RIVERA AVENUE SAN JUAN 00918 PUERTO RICO
- Operational address
- POPULAR CENTER BUILDING SUITE 913 209 MUNOZ RIVERA AVENUE SAN JUAN SAN JUAN 00918 PUERTO RICO
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI and its USABA clearing code
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>BPPRPRSXXXX</BICFI>
<ClrSysMmbId>
<ClrSysId>
<Cd>USABA</Cd>
</ClrSysId>
<MmbId>021502011</MmbId>
</ClrSysMmbId>
<LEI>OJH4M4RQMT1WXN2BNC32</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>BPPRPRSXXXX</BICFI>
<ClrSysMmbId>
<ClrSysId>
<Cd>USABA</Cd>
</ClrSysId>
<MmbId>021502011</MmbId>
</ClrSysMmbId>
<LEI>OJH4M4RQMT1WXN2BNC32</LEI>
<Nm>BANCO POPULAR DE PUERTO RICO</Nm>
<PstlAdr>
<TwnNm>SAN JUAN</TwnNm>
<Ctry>PR</Ctry>
<AdrLine>POPULAR CENTER BUILDING SUITE 913 209 MUNOZ RIVERA AVENUE SAN JUAN</AdrLine>
<AdrLine>00918</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
National bank codes
ABA routing number · United States
1 code file of 2026-10-09 · ISO 20022 clearing system code USABA
| Code | Routes to BIC | Name in the national file | City |
|---|---|---|---|
| 021502011 | BPPRPRSXXXX | BANCO POPULAR DE PUERTO RICO | SAN JUAN, PR |
Each code shows the name in the national file. Smaller banks often route through a central institution’s BIC. A code can therefore belong to a different bank than the one on this page.
Network
Correspondent banking
The bank publishes 6 accounts at other banks, across 2 regions.
- Own offices
- Correspondent banks: it holds accounts there
Hover over a branch, account or group to see its details
Correspondent accounts
Researched 29 Sep 2026 · Sources
6 accounts at other banks, in 2 currencies, as the bank publishes them: resourcecenter.popular.com ↗
| Currency | Correspondent | BIC | Account | Purpose | Directory check |
|---|---|---|---|---|---|
| USD | BANK OF AMERICA (San Francisco, CA & Florida) United States | BOFAUS6S | — | USD intermediary bank; ABA 121000358 | Directory name differs BANK OF AMERICA, N.A. |
| USD | CITIBANK NA (New York, NY) United States | CITIUS33 | — | USD intermediary bank; ABA 021000089 | Matches the Swift directory |
| USD | FEDERAL RESERVE BANK (New York, NY) United States | FRNYUS33 | — | USD intermediary; ABA shown as 021502011 | Matches the Swift directory |
| USD | JPMORGAN CHASE BANK (New York, NY) United States | CHASUS33 | — | USD intermediary bank; ABA 021000021 | Matches the Swift directory |
| USD | WELLS FARGO BANK (Philadelphia, PA & Jackson, FL) United States | PNBPUS33PHL | — | USD intermediary bank; ABA 121000248 | Matches the Swift directory |
| EUR | BANKINTER (Spain) Spain | BKBKESMM | — | EUR intermediary bank | Matches the Swift directory |
Resource-centre page 'Intermediary (Correspondent) Banks' with a table 'Intermediary Banks used by Popular'. It gives 5 USD banks with ABA and Swift codes and 1 EUR bank (Bankinter) with a Swift code only. All 6 rows are extracted. No account numbers are published. The page is undated (footer © 2026). The Federal Reserve Bank row shows ABA 021502011, which is the bank's own routing number, so it probably refers to its own Fed account. Direction is inferred as nostro because these are the intermediaries the bank uses for incoming and outgoing transfers. Each correspondent BIC is checked against the Swift directory: a BIC missing from it, or registered to a differently named bank, may be a typo or out of date. Confirm settlement instructions with the bank before relying on them.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- National bank codes—United States (Source: Federal Financial Institutions Examination Council (FFIEC), National Information Center).
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: popular.com (official website) · original.
Assess the financial crime risk behind a BIC
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