AGREEMENT

Exhibit 10.24

AGREEMENT

This Agreement (“Agreement”), dated as of December 31, 2014, is made by and among Mr. Jorge Junquera Diez (“Executive”), his wife Marilú Amadeo and their conjugal partnership (collectively referred to as the “Executive and his spouse”), and Popular, Inc.

RECITALS

WHEREAS, Executive is employed by Popular, Inc. in the capacity of Vice Chairman and Special Assistant to the CEO;

WHEREAS, Executive also serves as appointee of Popular, Inc. in the board of directors of certain entities;

WHEREAS, the parties have agreed that Executive’s employment relationship with Popular, Inc. will end effective February 28, 2015;

WHEREAS, the parties desire to enter into this Agreement in order to provide for the orderly transition of Executive from Popular, Inc.

NOW, THEREFORE, in consideration of the premises and the covenants contained in this Agreement, the sufficiency of which is hereby acknowledged, Executive and his spouse and Popular agree as follows:

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Executive and his spouse further acknowledge that the Separation Payment is being provided to Executive solely in consideration of the covenants and agreements made by Executive and his spouse under this Agreement.

Executive and his spouse hereby declare that they have not received tax advice from Popular or its representatives, and express that they have received tax advice regarding this Agreement and its fiscal consequences from their personal advisors. Executive and his spouse assume the entire responsibility for the payment of any taxes owed to the Commonwealth of Puerto Rico that may be appropriate or imposed, as well as any surcharge, penalty or interest, and expressly release Popular from any liability regarding this matter.

Executive and his spouse agree to indemnify and hold harmless Popular from any liability or penalty that may be imposed on Popular for any failure to make deductions and/or withholdings to, or for Executive’s failure to pay any tax required to be paid in connection with, the Separation Payment.

The certificates evidencing any Equity Grants payable to Executive will be delivered to Executive as soon as administratively practicable after Termination Date. If applicable, Popular shall withhold the necessary number of shares required to cover any tax withholding due upon vesting and delivery of the Equity Grants. Upon delivery of such Equity Grants, Executive shall have no further rights nor shall Executive be entitled to any further distribution under the aforementioned equity plans. All other terms and provisions of the Equity Grants as set forth in the applicable agreements shall remain in full force and effect.

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Notwithstanding the terms of this Section 2, Executive hereby agrees that, further to the restrictions on compensation included in the American Recovery and Reinvestment Act for entities that participated in the Troubled Assets Relief Program (“TARP”), should the United States Treasury Department or any governmental agency or body determine that under any ARRA’s limitations resulting from Popular’s prior participation in TARP Executive should not have received the Separation Payment, the Separation Payment may be subject to recovery or “clawback” and Executive will be required to return the total amount. If Executive is required to return the Separation Payment received pursuant to this Agreement, then the parties’ duties and obligations set forth in this Agreement will cease to exist as of the date of the effective return by Executive of the Separation Payment. Popular agrees that in the event that it is notified of the recovery or clawback of the Separation Payment it will inform Executive within five (5) business days of the receipt of said notification.

In the event that Executive dies or becomes disabled prior to the Termination Date, Executive’s heirs, representatives or Executive’s estate shall be entitled (subject to the release requirements set forth in this Agreement and, when applicable, the terms of the Retirement Plans) to the compensation and benefits described in Section 2 of this Agreement.

As a condition to the receipt of the Separation Payment, Executive and his spouse shall execute and deliver, no earlier than on the Termination Date, in accordance with the terms thereof, the release attached hereto as Annex A (the “Release”). In addition, Executive agrees to execute any additional documentation as Popular deems necessary and appropriate.

“Competitive Enterprise” means any business enterprise that either (1) engages in commercial or consumer financial services, retail banking, internet banking or other financial services to either commercial or consumer customers in the Commonwealth of Puerto Rico in which Executive may seek employment, or (2) holds a 5% or greater equity, voting or profit participation interest in any enterprise that engages in such a competitive activity.

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“Solicit” means any direct or indirect communication, initiation, advice, encouragement or request of any person to take or refrain from taking any action (regardless of who initiated the communication in which the preceding occurs).

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Executive agrees to the proprietary information provisions set forth on Annex B, which is a part of this Agreement.

Except for disputes arising under Section 5 of this Agreement (including without limitation any claims for injunctive relief), any controversy, dispute or claim arising out of or relating to this Agreement, or its interpretation, application, implementation, breach or enforcement which the parties are unable to resolve by mutual agreement, shall be settled by submission by either Executive or Popular of the controversy, claim or dispute to binding arbitration in the Commonwealth of Puerto Rico, before a single arbitrator in accordance with the Employment Dispute Resolution Rules of the American Arbitration Association then in effect. In any such arbitration proceeding the parties agree to provide all discovery deemed necessary by the arbitrator. The decision and award made by the arbitrator shall be accompanied by a reasoned opinion, and shall be final, binding and conclusive on all parties hereto for all purposes, and judgment may be entered thereon in any court having jurisdiction thereof. Popular will bear the totality of the arbitrator’s and administrative fees and costs. Each party shall bear its or his litigation costs and expenses; provided, however, that the arbitrator shall have the discretion to award the prevailing party reimbursement of its or his reasonable attorney’s fees and costs. Upon the request of any of the parties, at any time prior to the beginning of the arbitration hearing, the parties may attempt in good faith to settle the dispute by mediation administered by the American Arbitration Association. Popular will bear the totality of the mediator’s and administrative fees and costs.

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Please confirm your acceptance of the terms of this Agreement by signing where indicated below.

DATED: December 31, 2014

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Annex A

GENERAL RELEASE

General Release (this “Release”), by Jorge Junquera Diez (the “Executive”), his wife Marilú Amadeo and their conjugal partnership (collectively referred to as the “Executive and his spouse”), in favor of Popular, Inc., and any of its subsidiaries and affiliates (collectively “Popular”) and any of their respective past or present shareholders, principals, directors, officers, employees, managers, agents, attorneys, trustees, fiduciaries, representatives, insurers, assigns or benefit plan administrators (collectively the “Released Parties”).

RECITALS

A. Executive has been employed by Popular, Inc. in the capacity of Vice Chairman and Special Assistant to the CEO, and has served as appointee of Popular in the board of directors of certain entities.

B. Executive would receive payments under that certain Agreement, dated as of December 31, 2014 (the “Agreement”), that are conditioned on the execution and effectiveness of this Release.

NOW, THEREFORE, in consideration of the covenants and agreements hereinafter set forth, the parties agree as follows:

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In addition, Executive represents and warrants that he has not been the victim of retaliation under Section 704 of the Civil Rights Act of 1964 (42 USC § 2000e-3); the Age Discrimination in Employment Act (ADEA, 29 USC § 3(d)); the Federal Deposit Insurance Act (FDIA, 12 USC § 831j); Article 8 of Law 17 of April 22, 1988 (29 L.P.R.A. § 155h); Article 20 of Law 69 of July 6, 1985 (29 L.P.R.A § 340); Law 115 of December 20, 1991, as amended by Law 169 of September 29, 2014 (29 L.P.R.A § 94 et seq.); Section 806 of the Sarbanes Oxley Act of 2002; or any other federal or local statute or regulation which prohibits retaliation against an employee.

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Furthermore, Executive and his spouse, their heirs, executors, assignees, and agents, do not have, and if they had they hereby waive any claim of any type, and the remedies, under any federal, state or Commonwealth of Puerto Rico law, including those related to or that may be alleged as arising from the employment relationship between Executive and Popular, or the termination of the same, and grant the most complete release for any claim or cause of action they have or may have or had, known or unknown, whether in law or in equity, in contract, or torts, against the Released Parties, and they acknowledge and agree that they will not file suit in the United States District Court, any Federal or state courts, any Commonwealth of Puerto Rico court or in any other forum for any cause of action that could arise from Executive’s employment or the termination of his employment under any local, state or federal employment law or regulation. Executive and his spouse, based on personal knowledge, recognize and declare that they have not suffered damages caused by, or attributable to, the Released Parties, and that their relatives, heirs, executors, assignees and/or agents, or any other parties claiming a relationship of dependence, interest or affection with Executive, have not suffered any damage that may blamed on, or attributable to, the Released Parties for any reason including, but not limited to the employment relationship of Executive, the termination of employment and any incident or fact occurred during his employment with Popular. Executive and his spouse agree to hold harmless and indemnify the Released Parties, including reasonable attorney’s fees and costs incurred by the Released Parties, for any action filed by any member of their family or by any of their relatives or by any other parties claiming a relationship of dependence, interest or affection with them for the causes of action being released herein. The parties agree and understand that the purpose of this paragraph is to exclude the Released Parties from any liability or cause of action that could be filed pursuant to Santini v. Service Air, Inc., 137 D.P.R. 1 (1994).

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4. Additional Representations. Executive and his spouse further represent and warrant that they have not filed any civil action, suit, arbitration, administrative charge, or legal proceeding against any Released Party nor have they assigned, pledged, or hypothecated as of the Effective Date their claim to any person and no other person has an interest in the claims that they are releasing.

5. Acknowledgements by Executive and his spouse. Executive and his spouse acknowledge and agree that they have read this Release in its entirety and that this Release is a general release of all known and unknown claims, including, without limitation, to rights and claims arising under the Age Discrimination in Employment Act (ADEA). Executive and his spouse further acknowledge and agree that:

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6. Additional Agreements. Executive and his spouse agree that should any person or entity file or cause to be filed any civil action, suit, arbitration, or other legal proceeding seeking equitable or monetary relief concerning any claim released by Executive and his spouse herein, Executive and his spouse shall not seek or accept any personal relief from or as the result of such civil action, suit, arbitration, or other legal proceeding.

IN WITNESS WHEREOF, Executive and his spouse have signed this Release on             , 2015.

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Annex B

PROPRIETARY INFORMATION

(a) Definition. “Proprietary Information” means confidential or proprietary information, knowledge or data concerning (1) Popular’s businesses, strategies, operations, financial affairs, organizational matters, personnel matters, budgets, business plans, marketing plans, studies, policies, procedures, products, ideas, processes, software systems, trade secrets and technical know-how, (2) any other matter relating to Popular, and (3) any matter relating to clients of Popular or other third parties having relationships with Popular. Proprietary Information includes (1) information regarding any aspect of your tenure as an Executive of Popular or the termination of your employment, (2) the names, addresses, and phone numbers and other information concerning clients and prospective clients of Popular, (3) investment techniques and trading strategies used in, and the performance records of, client accounts or other investment products, and (4) information and materials concerning the personal affairs of employees of Popular. In addition, Proprietary Information may include information furnished to you orally or in writing (whatever the form or storage medium) or gathered by inspection, in each case before or after the date of this Agreement. However, Proprietary Information does not include information (1) that was or becomes generally available to you on a non-confidential basis, if the source of this information was not reasonably known to you to be bound by a duty of confidentiality, (2) that was or becomes generally available to the public, other than as a result of a disclosure by you, directly or indirectly, or (3) that you can establish was independently developed by you without reference to any Proprietary Information.

(b) Use and Disclosure. You will obtain or create Proprietary Information in the course of your involvement in Popular’s activities and may already have Proprietary Information. You agree, represent and warrant that you have complied with and will continue to comply with the Confidential and Proprietary Information section of Popular, Inc.’s Code of Ethics, which, as provided therein, survives your termination of employment. You agree that the Proprietary Information is the exclusive property of Popular, and that, while you are employed by a member of Popular, you will use and disclose Proprietary Information only for Popular’s benefit and in accordance with any restrictions placed on its use or disclosure by Popular. After you cease being employed by a member of Popular, you will not use or disclose any Proprietary Information. In addition, nothing in this Agreement will operate to weaken or waive any rights Popular may have under statutory or common law, or any other agreement, to the protection of trade secrets, confidential business information and other confidential information. You shall give written notice to the Chief Legal Officer of Popular of any request or demand for Confidential and Proprietary Information immediately upon receipt of any request for such information and shall reasonably cooperate with Popular in any application Popular may make seeking a protective order or barring disclosure of such Proprietary Information.

(c) Disputes. The existence of, and any information concerning, a dispute between you and Popular will be Proprietary Information. However, you may disclose information concerning the dispute to the arbitrator or court that is considering the dispute and to your legal counsel (so long as your counsel agrees not to disclose any such information other than as necessary to the prosecution or defense of the dispute).

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(d) Return of Proprietary Information. When your employment terminates, you agree to return to the Company all Proprietary Information, including all notes, mailing lists, rolodexes and computer files that contain any Proprietary Information. You agree to do anything reasonably requested by the Company in furtherance of perfecting Popular’s possession of, and title to, any Proprietary information that was at any time in your possession.

(e) Limitations. Nothing in this Agreement prohibits you from providing truthful testimony concerning Popular to governmental, regulatory or self-regulatory authorities.

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