Popular Inc. CEO Ignacio Álvarez confirmed that the Apple Pay service will finally become available in Puerto Rico this year. #NewsismyBusiness
Long-standing CEOs delve into topics such as the future of the banking sector and their forecasts for industry development. #NewsismyBusiness
The most recent quarter includes an after-tax goodwill impairment charge in the bank’s U.S.-based equipment leasing subsidiary of $16.4 million. #NewsismyBusiness
The initiative is promoted by Popular and is backed by experts from the Echar Pa'Lante Multisector Alliance. #NewsismyBusiness
“We are encouraged by the resiliency of the U.S. economy and sustained economic activity in Puerto Rico,” said Popular Inc. CEO Ignacio Álvarez. #NewsismyBusiness
The banks detailed their efforts to positively impact their employees, customers and communities. #NewsismyBusiness
In the report, Popular Inc. confirmed net interest income of $531.7 million in the most recent quarter, compared to $494.3 million for the same year-ago period. #NewsismyBusiness
The initiative seeks to invest in the next generation of technology professionals through a Software Engineering Associates Program to create digital banking applications. #NewsismyBusiness
The study’s Early Business Activity Index increased from 14.9% in 2020 to 20.4% in 2022, increased from 14.9% in 2020 to 20.4% in 2022, indicating “notable growth” in the percentage of new companies or startups for 2023. #NewsismyBusiness
The bank also reported net income of $257.1 million for the quarter ended Dec. 31, 2022.
Excluding the effects of that transaction, Popular Inc.’s net income for the quarter would have been $195.8 million.
The deal will be accounted for as a treasury stock transaction.
Popular will report an after-tax gain of approximately $131 million.
The recent result was down from the $218 million on record for the same year-ago period.
The fund's investments will range from $250,000 to $1 million in companies from the seed stage to pre-IPO.
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