First Hawaiian Bank is the largest bank in Hawaii with 7,500 merchants on its network and $16.6 billion in assists. In a recent report, the bank reported that statewide credit and debit card transactions have increased by 10.8 percent during the first quarter of 2013 as compared to the same period a year ago. This also represented the 13 straight quarter of growth for the Hawaiian Islands.
First Hawaiian President and CEO Bob Harrison commented, “Optimistically we’d like to see (double-digit percentage growth) continue, but we have cyclicality in the tourism area, so we’ll see some of that, I’m sure. I don’t think we’ll see 10 percent or 11 percent for every quarter this year. That may be too optimistic but we’ll continue to see growth.” Leroy Laney, a professor of economics and finance at Hawaii Pacific University of Hawaii and economic adviser to First Hawaiian Bank, added, “(First-quarter) numbers are strong with same recent trends apparent. Increase evince continued healthy tourism, with strength spreading to other sectors. Hawaii’s growing economic recovery seems to be on track.”
Source: Honolulu Star Advertiser, 4-14-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
