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Javier D. Ferrer, CEO of Popular Inc.
Puerto Rico’s “Golden Mile” banking district is home to institutions such as Popular, FirstBank and OFG Bancorp. (Credit: Eduardo San Miguel)
An aerial view of the Golden Mile, the main financial district of San Juan, Puerto Rico.
The Muñoz Rivera 200 building marks Banco Popular’s latest expansion along the Golden Mile, continuing a presence that began with the opening of Popular Center in 1965.
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.
Popular Re, which launched in 2022, is integral to Popular Inc.’s risk management strategy, providing reinsurance for various property and casualty lines.
Ignacio Álvarez, CEO of Popular Inc., will retire on June 30, after leading the institution since 2017.
Ignacio Álvarez, CEO of Popular Inc., will retire on June 30, after leading the institution since 2017.
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.
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