PRESS RELEASE

The Puerto Rico Institute of Statistics has a new president of its Board of Directors

The Puerto Rico Statistics Institute (Institute) has a new president of its Board of Directors. The Board elected the economist and former university professor, Nicolás Muñoz, as president after the resignation on April 3 of Arnaldo Cruz, who had been president for the past three years. Muñoz, who served as vice-president of the Institute's Board, has a master's degree in economics from the University of Puerto Rico and is president of Tactical Planners, Inc., a firm dedicated to economic consulting and strategic planning. Muñoz has held other ad honorem positions in the government of Puerto Rico, including a member of the Governor's Council of Economists, president of the Workforce Investment Board (WIA), a member of the Governor's Committee for the review of the minimum wage in Puerto Rico and a member of the Employment Opportunity Promotion Board of the Department of Labor.

Board members do not earn compensation for their services. The Board is composed, in addition to Muñoz, of Dr. Idania Rodríguez Ayuso, vice-president, Mrs. Carola Ballester Descartes, secretary, Mr. Vicente Feliciano Pérez and the Hon. Manuel Laboy. This Board of Directors, as established in Act 209 of August 28, 2003, is the governing body that establishes the administrative policy of the institute, which is led by Dr. Orville M. Disdier.

Dr. Idania Rodríguez Ayuso has a master's degree in Epidemiology from the University of Puerto Rico and a doctorate in Public Health with a concentration in Epidemiology from Walden University. Rodríguez is also an independent consultant in epidemiology, statistics and research and a professor at Ana G. Méndez University. Mrs. Carola Ballester Descartes has a master's degree in Planning from the University of Puerto Rico, where she is also a professor and associate dean of the School of Architecture, and a master's degree in Landscape Architecture from the Polytechnic University of Puerto Rico.

On the other hand, Mr. Vicente Feliciano Pérez has a bachelor's degree in Economics from Harvard University and an MBA, IMD Business School in Switzerland. Feliciano is also founder and president of Advantage Business Consulting. The Hon. Manuel Laboy Rivera, who represents the government official in the Board as established by law, has a bachelor's degree in Chemical Engineering from the University of Puerto Rico and a master's degree from the University of Turabo. Laboy is the secretary of the Department of Economic Development and Commerce and executive director of the Puerto Rico Industrial Development Company.

As reported, the new members of the Board will concentrate their work on implementing the institute's Strategic Plan, which includes several goals, including: Develop an administrative structure that allows the proper functioning of internal processes, restructuring the statistical coordination committee so that it operates effectively and increases compliance with the law that governs the institute and establishes its mission, and improving the budget or capital by diversifying the institute's services and projects to obtain external income or funds non-governmental.

The Puerto Rico Statistics Institute is an autonomous governmental entity tasked with coordinating the government's statistical production service to ensure that the data collection and statistics systems, on which public policies are based, are complete, reliable, and accessible quickly and universally.

To learn more about the Institute of Statistics, you can access the website: www.estadisticas.pr.gov. On social media through Facebook (@estadisticas .pr), Twitter (@EstadisticasPR) and LinkedIn (Institute of Statistics of Puerto Rico) accounts.

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Contact: Idia M. Martínez, R‐28 787‐603‐3200

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San Juan, Puerto Rico. June 4, 2025. The Puerto Rico Statistics Institute (Institute) published a new interactive dashboard that presents key financial indicators for banking institutions operating in Puerto Rico and that are regulated by the Federal Deposit Insurance Corporation (FDIC). This tool consolidates historical data from 2001 to the present, incorporating the most recent data available, corresponding to the first quarter of 2025.

The dashboard integrates a set of eighteen (18) financial indicators presented in the form of ratios, grouped into two main categories: performance indicators (Performance Ratios) and financial condition indicators (Condition Ratios). A financial ratio is a measure that relates two numerical variables, providing a standardized indicator that facilitates comparative analysis over time and between different entities. Currently, the dashboard includes information from six (6) banking institutions operating in Puerto Rico under FDIC regulation.

Among the Performance Ratios What is included in the dashboard are: Yield on Earning Assets, Cost of Funding Earning Assets, Net Interest Margin, Noninterest Income to Average Assets, Noninterest Expense to Average Assets, Return on Assets (ROA), Return on Equity (ROE), Loan and Lease Loss Provision to Net Charge-Offs, and Earning Coverage of Net Loan Charge-Offs.

As for the Condition Ratios, the dashboard presents: Earning Assets to Total Assets, Loss Allowance to Noncurrent Loans and Leases, Noncurrent Loans to Loans, Net Loans and Leases to Deposits, Net Loans and Leases to Core Deposits, Leverage (Core Capital) Ratio, Common Equity Tier 1 Capital Ratio, Tier 1 Risk-Based Capital Ratio, and Total Risk-Based Capital Ratio.

As part of the analytical value provided by this tool, the Institute has developed the calculation of the industry average for each of the indicators included in the dashboard. This average provides an essential statistical reference framework for understanding the aggregate behavior of the sector and allows us to evaluate each institution in relation to the market in which it operates. This facilitates comparative analysis and monitoring of trends in the Puerto Rican banking industry.

“One of the fundamental contributions of this dashboard is to consolidate an extensive and continuous historical series, which allows us to identify structural trends and cycles in the banking industry. This long-term perspective is essential to understand the evolution of Puerto Rico's financial environment and to support more robust economic analyses,” said Dr. Ronald G. Hernández Maldonado, Manager of Statistical Projects at the Institute.

The dashboard is available in the Special Projects section of the Puerto Rico Institute of Statistics portal, under the name of “Financial Indicators-Banks” or through the following direct link: VVisualizing Financial Indicators - Banks.

The Puerto Rico Statistics Institute is an autonomous governmental entity responsible for coordinating the Government's statistical production service to ensure that the data collection and statistics systems, on which public policies are based, are complete, reliable, and have quick and universal access. For more information you can write to preguntas@estadisticas.pr. They can also follow social networks through Facebook (@estadisticas .pr), X (@EstadisticasPR), LinkedIn (Institute of Statistics of Puerto Rico) and Instagram (@institutodeestadisticas) accounts.

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PRESS RELEASE

DR. MARIO MARAZZI-SANTIAGO

EXECUTIVE DIRECTOR

INSTITUTE WILL CONTINUE TO INVEST IN PLANNING BOARD STATISTICS

The decision makes it easier for the Planning Board to comply with the methodological changes

required for Puerto Rico's economy to be included in that of the United States

San Juan, PR, July 6, 2018 — The Puerto Rico Statistics Institute (Institute) announced today that its Board of Directors recently approved continuing to financially support the work of the Roadmap for the Modernization of Puerto Rico's Economic Accounts, work plan agreed between the Planning Board (JP) and the Institute for necessary improvements to Puerto Rico's macroeconomic accounting methodologies.

East Roadmap includes the need to invest in the information systems used by JP to prepare Puerto Rico's economic accounting statistics. In fact, the Institute has been investing in these systems for more than a year. Specifically, in 2016 it was entrusted to the company Wovenware the migration of information systems from a technology based on Oracle products to one based on Microsoft SQL. This is because Oracle discontinued technological support for Softwares that JP uses, which caused processing problems in that agency.

The recent decision, for example, extends this agreement to the next fiscal year, during which it is expected that Wovenware complete final phases 3 and 4 for which the Institute will be investing more than $300,000. The project, which began in 2016 and is expected to end in 2019, will allow the database to be updated automatically, duplicate data to be eliminated and processes to be improved as well as the accessibility of JP statistics.

“As part of our mission to objectively support public administration, the Institute's Board of Directors has done its part to continue the necessary improvements in government, at times of great uncertainty. It is also a project supported by the employees of the JP and the President of the JP that will allow this agency to evolve and for which we are investing more than 10% of the Institute's budget,” said the executive director of the Institute, Dr. Mario Marazzi-Santiago.

“It is worth noting that this project implements some of the methodological changes adopted by the Institute's Board of Directors in the Resolution No. 2014-02, so that Puerto Rico's national accounts are more reliable, comparable and quickly and universally accessible. At the same time, we are complying with the federal government's requirements for Puerto Rico's economy to be included in the statistics of the United States economy,” added Dr. Marazzi-Santiago.

A recent report from the Government Accountability Office (GAO), entitled Puerto Rico: Limited Federal Data Hinder Analysis of Economic Condition and Dol's 2016 Overtime Rule, found that the lack of federal data on Puerto Rico's economy had made it difficult to analyze the impact of a labor standard proposed by former President of the United States, Barack Obama, on overtime pay for certain types of jobs.

“For statistics on the Puerto Rico economy to be included in those of the United States economy, the Government of Puerto Rico must do its part as well. Since 2011, the federal Government has written down the methodological changes that need to be made to the Planning Board. It is important that this agenda be continued. The Institute's Board of Directors has done its part, because it has the expertise, professionalism, seriousness and independence of judgment that are necessary to understand that this is an agenda that is too important to be derailed,” said Dr. Marazzi-Santiago.

The Puerto Rico Statistics Institute is an autonomous governmental entity responsible for coordinating the Government's statistical production service to ensure that the data collection and statistics systems, on which public policies are based, are complete, reliable, and have quick and universal access. The Institute has in its inventory, accessible through https://estadisticas.pr.gov, about 300 statistical products. In addition, it is a custodian and provides access to over 100 data sets or “data sets” through https://data.pr.gov and to over 40 tables and more than 6 thousand indicators through: https://www.indicadores.pr.

In addition, as the leading entity of the State Data Center (SDC) of Puerto Rico, the Institute manages the SDC portal, which contains the main statistical reports and publications of the U.S. Census Bureau on Puerto Rico, specifically those that are most in demand, such as annual population estimates; the Puerto Rico Community Survey (Puerto Rico Community Survey) and official statistics on Puerto Rico's 10-year population and housing censuses, among others. The Puerto Rico SDC portal can be accessed through: https://censo.estadisticas.pr.

For more information you can visit our website: https://estadisticas.pr.gov. In addition, you can follow us on social networks through Facebook accounts (https://www.facebook.com/estadisticas.pr), Twitter (https://twitter.com/estadisticaspr) and LinkedIn (https://www.linkedin.com/company/instituto-de-estadisticas-de-puerto-rico).

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Press Contact: Sandra Morales Blanes (787) 688-0401

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