Popular BPOP Consolidation Eliminations — Interest Receivable

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What does consolidation eliminations — interest receivable mean?

This metric represents the elimination of interest income accrued on intercompany loans or advances between the parent company and its subsidiaries. It prevents the overstatement of assets and income by removing internal interest claims that do not exist from the perspective of the consolidated entity. This is a standard accounting adjustment to ensure accurate reporting of external financial positions.