Four Sectors Post Double Digit Positive Gains

View 3rd Qtr 2014 Guam Business Activity Report (pdf, 8 KB)

(Hagåtña, Guam, December 8, 2014) –The third quarter 2014 First Hawaiian Bank Business Activity Report (BAR) for Guam showed an increase of 6.86 percent in "same store" credit and debit card sales transactions over the third quarter of 2013, according to Laura Dacanay, First Hawaiian Bank senior vice president and Guam and CNMI region manager.

"This was the highest quarterly increase this year with 7 out of 11 sectors posting positive growth, "stated Dacanay. "We're very pleased that every quarter this year has remained positive, reversing a negative trend that we saw last year. The top four sectors with double digit gains were made by Utilities, Shipping, Home Improvement and Hotels. Utilities has topped the list for five consecutive quarters since third quarter 2013."

The Guam BAR tracks credit and debit card sales activity in 11 different economic sectors including retail, hotel, home improvement, restaurants, and travel activities, among others. First Hawaiian's Guam BAR provides a broad measure of economic activity.

First Hawaiian Bank is a major card processor of debit and credit card sales transactions. In 2013, the bank processed over $4.4 billion worth of credit and debit card sales transactions in Hawaii, U.S. Mainland, Guam and CNMI.

First Hawaiian Bank (www.fhb.com) with assets of some $18.1 billion, was founded in 1858 and is the largest and oldest bank in Hawaii. First Hawaiian Bank has nearly 7,000 merchant locations throughout Hawaii, U.S. Mainland, Guam and CNMI and processes all major U.S. credit cards as well as JCB, China Union Pay and BC Global.