BBVA (BBVA +0.3%) agrees to sell its Puerto Rican ops for $500M to Oriental Financial Group (OFG...

|By:, SA News Editor

BBVA (BBVA +0.3%) agrees to sell its Puerto Rican ops for $500M to Oriental Financial Group (OFG +3.9%) as the Spanish firm continues the trend of major banks selling assets to boost capital. The deal also continues the consolidation among Puerto Rica's banks. (PR)