Puerto Rico Economic Development Bank

Puerto Rico Economic Development Bank
Bank overview
FormedJuly 24, 1985 (1985-07-24)
Jurisdictionexecutive branch
HeadquartersGuaynabo, Puerto Rico
Bank executive
  • Luis Alemañy, President
Key document
Websitewww.bde.pr.gov

The Economic Development Bank for Puerto Rico Spanish: Banco de Desarrollo Económico para Puerto Rico (BDE) is a government-owned corporation of Puerto Rico that provides loans, loan guarantees, and funds to private organizations whose economic activities have the effect of replacing imports in Puerto Rico. The Bank was established by Law No. 22 of 1985.