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First Bank’s revenue rose amid growth in core customer deposits.
Though interest income from its loan portfolio fell by $8.3 million, Banco Popular de Puerto Rico said higher average volumes in the mortgage and auto segments helped offset the decline.
Maritza Abadía, president of Banesco USA Puerto Rico, was recognized with the Banker of the Year Zenit Award by the Puerto Rico Chamber of Commerce.
Ignacio Álvarez, CEO of Popular Inc., will retire on June 30, after leading the institution since 2017.

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