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Lourdes AponteCUD Ricardo García Nelson Perea PRTEC

Michelle Kantrow October 11, 2022
From left during the announcement of the call: Lourdes Aponte, president of the CUD, Ricardo García, and Nelson Perea of PRTEC.

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QUOTE OF THE WEEK

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“Customers continue to spend, maybe not at the same pace as during the [COVID-19] pandemic, but it continues to be the motor of the economy in Puerto Rico and in the [mainland] U.S.”

 

— Ignacio Álvarez, CEO of Popular Inc., on the bank’s first-quarter earnings, which although declined compared to last year’s figures due to industry-wide adjustments, sustained consumer spending remains a positive indicator.

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