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OFG’s Oriental Bank Expands Online and Mobile Capabilities, Supported by New Ad Campaign

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OFG Bancorp (NYSE:OFG) today announced that its Oriental Bank subsidiary is continuing to lead Puerto Rico in Internet and mobile banking with the launch of People Pay, and the ability for clients to open accounts online.

The new services, along with last year’s launch of the highly successful FOTOdep’osito, are being backed by a $2 million advertising marketing campaign inviting consumers to “Vive la diferencia” at Oriental.

People Pay enables Oriental clients to send payments directly from their bank account to individuals in Puerto Rico or in the U. S. Mainland by simply entering the amount and the recipient’s mobile phone number or email address.

The recipient receives a message asking whether they want payment via electronic transfer to a bank or PayPal account or a mailed check. The funds are delivered accordingly.

Separately, Oriental is enabling customers to open additional accounts online without having to visit a branch, making it easier to manage and expand their banking relationship with Oriental.

“‘Vive la diferencia’ invites consumers to experience how Oriental is different from other banks,” said Jos’e Rafael Fern’andez, President and CEO of Oriental and OFG Bancorp.

“We offer clients great customer service with a positive attitude, speed and accessibility; and are totally committed to excellence and convenience in our products and services, whether they are delivered online, on tablets, via mobile phones or in the branches.”

The campaign will be seen across television, newspapers, billboards, digital and social media, and internal promotions and activations.

Oriental significantly expanded its Internet and mobile banking offerings last year with FOTOdep’osito, which enables clients to deposit checks without charge using smartphones and tablets, and the “Freedom Account” (“Cuenta Libre” in Spanish), for customers who like to bank via mobile phone, tablet, web, debit / credit card, or ATMs, and want to avoid ATM fees.

About OFG Bancorp

Now in its 50th 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 55 financial centers. Investor information can be found at www.ofgbancorp.com.

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