TSX:PRLConsumer Finance
Propel Holdings (TSX:PRL) Is Up 8.2% After Puerto Rico Bank Approval Is The Growth Story Evolving?
Propel Holdings has received regulatory approval from Puerto Rico’s Office of the Commissioner of Financial Institutions to establish Propel International Bank, Inc., a wholly owned International Financial Entity that will provide core consumer lending services to support existing and future bank partners, with operations targeted to begin in the first half of 2026.
This new Puerto Rico-based bank is intended to broaden Propel’s product set, centralize underwriting and compliance, and...