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prima:Banco Popular urges “close monitoring” of Donald Trump’s actions

Ignacio Álvarez estimates that the U.S. president’s measures will not affect the island’s recovery, while Puerto Rico’s main conglomerate increases its net income by double digits

January 29, 2025 - 11:53 AM

Ignacio Álvarez tomó la dirección del Popular el verano pasado. (Archivo / GFR Media)
Ignacio Álvarez, Chief Executive Officer of Popular, Inc.

Although Popular, Inc. (Nasdaq:BPOP) CEO Ignacio Álvarez remained optimistic, he urged to “closely monitor” the economic effect of President Donald Trump’s actions on the island, including the possible effects of the temporary halt to federal grants and loans, as well as other decisions that could create new inflationary pressures.

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