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prima:Economic Development Bank reports $106 million in net income

One of the drivers of the bank’s growth was the double-digit increase in lending to companies in Puerto Rico

August 24, 2024 - 5:00 PM

Luis Alemañy, president of EDB, was pleased with the bank's financial results at the end of fiscal year 2024. (Suministrada)

The Economic Development Bank (EDB) ended fiscal year 2024 with net income of $106 million, which is almost $70.3 million more than the $35.7 million recorded the previous year, according to EDB President Luis Alemañy.

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