educational campaigns of the association of banks of puerto rico

Educational Campaigns of the Association of Banks of Puerto Rico

by Julio Herrera Velutini

Introduction

International banker Julio Herrera Velutini comes from a long line of financial professionals, beginning with his great-grandfather, Julio Cesar Velutini Couturier, who led and significantly grew Banco Caracas (Venezuela) up until the 1930s. Julio M. Herrera Velutini continues that family tradition. He founded and now serves as chairman of a global bank headquartered in Puerto Rico. As one aspect of this role, Julio Herrera Velutini represents his bank in the Association of Banks of Puerto Rico (ABPR).

Nonprofit ABPR

The nonprofit ABPR represents Puerto Rico’s financial institutions, promotes healthy competition within the industry, and encourages best practices. The organization also works diligently to teach smart saving and investing activities to consumers. To reach consumers, the ABPR organizes financial training workshops, places ads with major media outlets, hosts a weekly radio program, and distributes online and paper-based resources.

Conclusion

On its website, www.abpr.com, ABPR offers numerous resources and guides designed to teach consumers smart financial practices. The organization provides informational guides on preparing for the future, including saving to buy a first car or home and affording dependents’ educational costs. Additionally, ABPR keeps consumers advised of predatory financial practices such as fake money orders as well as fraudulent online dating services and work-from-home opportunities. Lastly, the nonprofit’s website furnishes everyday advice, including resources on savvy weekend budget management and on creative ways to save money.