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Home > About GDB > Gallery of Presidents

Gallery of Past Presidents

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José Ramón González (1986-1989)

José Ramón González served as President of the Government Development Bank for Puerto Rico beginning in March 1986.

Born in San Juan, Puerto Rico, in 1954, González attended elementary and high school at the Sacred Heart Academy in San Juan. He obtained a B.A. in Economics with high honors from Yale University in 1976 and pursued Law and Business Administration studies at Harvard University.

Upon his return to Puerto Rico, González joined the law firm of O’Neill & Borges, where he practiced corporate and tax law for three years. From 1983 to 1986, he served as Vice President of The First Boston Corporation in the areas of corporate and public finance.

González's many institutional accomplishments while at the helm of the GDB include, among others, the implementation of three mortgage trusts, through bond issues, capturing funds from 936 corporations to originate permanent mortgage loans at interest rates and under terms much more attractive than those offered by private banks at that time. This provided many moderate and low-income families with a real opportunity to acquire their own homes. 1988 was a year of booming growth for the GDB when it became the largest bank in Puerto Rico with over $6.4 billion in assets and $438 million in capital. In addition, the Puerto Rico Infrastructure Financing Authority was created during his tenure to address the needs of the Puerto Rico Aqueduct and Sewer Authority.

 
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