Puerto Rico's largest bank is putting its money behind start-ups through an innovative program that is already generating some interest among entrepreneurs.
Looking to cater to a growing number of investors who are discovering the benefits Puerto Rico offers through the Tax Incentives Program promoted by Laws 20 and 22, Banco Popular de Puerto Rico announced Monday the opening of its new Investor Services Hub at Popular Center in San Juan.
Puerto Rico’s two largest banks — Banco Popular and Oriental — confirmed separately on Friday that they’re working to reduce their exposure to risk associated with the island’s government, which they have financed in different capacities over the years.