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Doral Financial (Doral Financial) Altman Z-Score


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What is Doral Financial Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Altman Z-Score does not apply to banks and insurance companies.


Doral Financial (Doral Financial) Business Description

Traded in Other Exchanges
N/A
Address
1451 Franklin D. Roosevelt Avenue, San Juan, PRI, 00920-2717
Puerto Rico-based Doral Financial is in the process of transforming itself into a traditional community bank. It operates 41 branches in Puerto Rico, plus one in New York, and offers a variety of retail and commercial banking services. Residential real estate loans make up about 70% of Doral's loan portfolio, and commercial loans account for another 20%. Nearly all of the bank's loans are secured by real estate.