Banco Latinoamericano de Comercio Exterior SA

Banco Latinoamericano de Comercio Exterior SA is engaged in the provision of trade financing to commercial banks, middle-market companies and corporations. It operates through the Commercial and Treasury segments. The Commercial segment incorporates all of the Bank's financial intermediation and fees generated by the commercial portfolio. The Treasury segment handles the deposits in banks and all of its trading assets, securities available-for-sale, and held-to-maturity, and the balance of the investment funds. The company was founded in 1977 and is headquartered in Panama City, Panama.

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

BLX excels in 2022 with strong financial performance and growth outlook

BLX's robust financial performance in 2022, driven by strong NII growth and fee income, positions the bank well for continued success. Despite challenges from interest rate hikes, the focus on profitability and maintaining asset quality bodes well for future growth.

BLX prioritizes profitability, achieves record net income in Q1

Bladex prioritized profitability over growth in Q1 2023, achieving strong financial performance across key metrics
The bank demonstrated resilience with a healthy loan portfolio, steady fee income growth, and prudent liquidity management
Despite challenges in the regional economic environment, BLX sees opportunities to capitalize on market dynamics and strengthen its client base

Bladex reports record earnings amidst Latin America growth concerns

Bladex delivered a strong financial performance in Q2 2023, marked by record net interest income and robust deposit growth.
While facing challenges from the projected economic slowdown in Latin America, the bank's sound capital position and revenue generation capabilities are notable strengths.
Opportunities lie in optimizing net interest margin sensitivity, leveraging fee income growth, and addressing exposures to enhance future performance.

BLX achieves record Q3 earnings, eyes sustained growth amid challenges

BLX's Q3 performance reflects robust growth across key financial metrics, underpinned by a strong focus on client deposits and fee income. While challenges like geopolitical uncertainties persist, the company's revised guidance signals confidence in sustaining profitability and returns for shareholders.

BLX reports record-breaking year, transitions to expansion phase

BLX delivered outstanding financial results in Q4 2023, with significant growth in key metrics like credit book, commercial portfolio, net interest income, fee income, and net income. The company is strategically transitioning towards expansion, focusing on diversifying product offerings and exploring new revenue streams. Despite challenges ahead, BLX's strong performance, robust funding structure, and strategic initiatives position it well for future growth and success.

Bladex reports robust Q1 earnings, poised for strategic growth

Bladex delivered a strong performance in Q1 2024, with notable increases in net income, fee income, and key financial metrics. The bank's focus on enhancing its product suite and maintaining profitability levels bodes well for future growth. While challenges exist, Bladex is well-positioned to capitalize on opportunities and achieve its strategic objectives.

BLX surpasses Q2 guidance with strong financial performance and growth

BLX delivered a stellar performance in Q2, surpassing expectations with robust financial metrics.
The company's focus on efficiency, fee income growth, and strategic initiatives bodes well for future success.
While facing competitive challenges, BLX remains well-positioned to capitalize on growth opportunities.
Strong financial performance, asset growth, and team motivation underpin BLX's positive outlook.

Bladex achieves record Q3 results, eyes revenue diversification for growth

Bladex's Q3 performance reflects strong financial health and strategic execution, driven by robust loan growth and diversified revenue streams. While facing challenges in managing expenses and meeting growth targets, the bank is well-positioned to capitalize on opportunities through strategic initiatives.

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PANAMA CITY , Nov. 19, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank") announced today that, after 34 years of a successful career at Bladex, Ana Graciela de Mendez, Executive Vice President and Chief Financial Officer, has decided to step down from her position, effective April 2025.

BLADEX ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION

PANAMA CITY , Nov. 7, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. - Bladex (NYSE: BLX) announced the successful closing of an institution-led US$86 million syndicated loan to strengthen Grupo Monge's business and extend its maturity profile.

Bladex Leads US$86 Million Syndicated Loan to Support Grupo Monge's Business

Bladex results are in line with continued growth in assets and flat spreads. However, the bank has warned of increasing competition. The company is expecting to grow its fee-based revenues, to reduce exposure to spread and interest rate risk. The bank offers a yield of more than 15%, at the same time as it grows its loan book at mid-teens. This seems very attractive.

Bladex Continues To Grow But Warns Of Higher Competition, Still A Buy

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX ) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Jorge Salas – Chief Executive Officer Ana Graciela de Mendez – Chief Financial Officer Samuel Canineu – Chief Commercial Officer-Brazil Conference Call Participants Ricardo Buchpiguel – BTG Daniel Mora – Credicorp Capital Miruna Chirea – Jefferies Operator Good morning, ladies and gentlemen and welcome to Bladex Third Quarter 2024 Earnings Conference Call.

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) Q3 2024 Earnings Call Transcript

PANAMA CITY , Oct. 29, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX, "Bladex", or "the Bank"), a Panama-based multinational bank originally established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade and economic integration in the Region, announced today its results for the Third Quarter ("3Q24") and nine months ("9M24") ended September 30, 2024.

Bladex announces 3Q24 Net Profit of $53.0 Million, or $1.44 per share; annualized return on equity of 16.4% in 3Q24

PANAMA CITY , Oct. 29, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"), announced today its Board of Directors' approval of a quarterly cash dividend of US$0.50 per share corresponding to the third quarter of 2024.

BLADEX ANNOUNCES QUARTERLY DIVIDEND PAYMENT FOR THIRD QUARTER 2024

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Banco Latinoamericano (BLX) have what it takes?

Why Banco Latinoamericano (BLX) is a Top Dividend Stock for Your Portfolio

PANAMA CITY  , Oct. 11, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:  BLX) cordially invites you to participate in its upcoming conference call to discuss its 3Q24 results Date and time: Wednesday, October 30, 2024 11:00 a.m.

Bladex's Third Quarter 2024 Conference Call

PANAMA CITY , Oct. 10, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior (Bladex, NYSE: BLX) continues to consolidate its position as a key player in the economic development of Latin America and the Caribbean with the addition of Sergio Olarte, a renowned economist with more than 24 years of experience in economic analysis and the financial system. With his addition, Bladex strengthens its commitment to contribute to sustainable growth in the region.

Bladex strengthens its team with Sergio Olarte as Chief Economist

Banco Latinoamericano (BLX) Could Be a Great Choice

Why Banco Latinoamericano (BLX) is a Great Dividend Stock Right Now

Bladex reported strong 2Q24 results with continued growth in book size, income, and fees. The bank's efficiency ratio is below 25%, making it one of the most efficient globally. Main risk is a global recession affecting Latin American trade patterns, but the stock remains attractive with a Buy rating.

Bladex: Q2 2024 Keeps The Performance Trend, The Bank Is Still A Buy

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX ) Q2 2024 Earnings Conference Call July 24, 2024 11:00 AM ET Company Participants Jorge Salas - Chief Executive Officer Ana Graciela de Mendez - Executive Vice President and Chief Financial Officer Samuel Canineu - Executive Vice President, Commercial Banking Conference Call Participants Inigo Vega - Jefferies Operator Good morning, ladies and gentlemen, and welcome to Bladex Second Quarter 2024 Earnings Conference Call.

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) Q2 2024 Earnings Call Transcript

PANAMA CITY , July 23, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX, "Bladex", or "the Bank"), a Panama-based multinational bank originally established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade and economic integration in the Region, announced today its results for the Second Quarter ("2Q24") and six months ("6M24") ended June 30, 2024.

Bladex announces 2Q24 Net Profit of $50.1 Million, or $1.36 per share; annualized return on equity of 16.2% in 2Q24

PANAMA CITY , July 23, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"), announced today its Board of Directors' approval of a quarterly cash dividend of US$0.50 per share corresponding to the second quarter of 2024.

BLADEX ANNOUNCES QUARTERLY DIVIDEND PAYMENT FOR SECOND QUARTER 2024

Banco Latinoamericano (BLX) is a Top Dividend Stock Right Now: Should You Buy?

PANAMA CITY , July 19, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:  BLX) cordially invites you to participate in its upcoming conference call to discuss its 2Q24 results Date and time: Wednesday, July 24, 2024 11:00 a.m.

Bladex's Second Quarter 2024 Conference Call

CGI Group

PANAMA CITY , July 18, 2024 /PRNewswire/ -- Bladex - Banco Latinoamericano de Comercio Exterior (NYSE: BLX) and CGI (TSX: GIB.A) (NYSE: GIB), one of the world's largest independent business and IT consulting firms, announced an agreement for the implementation of the CGI Trade360 trade technology platform. Bladex will become the first bank headquartered in Latin America to implement the CGI Trade360 platform, an award-winning software-as-a-service (SaaS) platform utilized by global banks to support trade finance in over 85 countries across Asia, Europe, North America, and Oceanias.

Bladex Selects CGI as Partner for Trade Finance Business Evolution, Enabled by the CGI Trade360® Global Technology Platform

Stock Market Symbols GIB.A (TSX) GIB (NYSE) www.cgi.com/newsroom MONTRÉAL, July 18, 2024 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, and Bladex (NYSE: BLX), Banco Latinoamericano de Comercio Exterior, announced an agreement for the implementation of the CGI Trade360® trade technology platform. Bladex will become the first bank headquartered in Latin America to implement the CGI Trade360® platform, an award-winning software-as-a-service (SaaS) platform utilized by global banks to support trade finance in over 85 countries across Asia, Europe, North America and Oceania.

Bladex selects CGI as partner for trade finance business evolution, enabled by the CGI Trade360® global technology platform

PANAMA CITY , June 27, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior ("Bladex", or "the Bank", NYSE: BLX) announced today the successful structuring of a syndicated loan for US$665 million, consisting of a US$600 million tranche for 12 months and a US$65 million revolving line for 3 years (the "Facility") for Internacional de Cerámica, SAB de CV. ("Interceramic" or "the Company").

Bladex Acts as Joint Lead Arranger and Bookrunner for Interceramic US$665mm Syndicated Loan Facility

PANAMA CITY , June 13, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or "the Bank"; NYSE: BLX) announced the recent closing of a US$100 million three-year syndicated facility (the "Facility") in favor of the Guatemalan bank Banco Promerica, S.A.

Bladex leads successful syndication of a US$100 million 3-Year Senior Unsecured Facility for Banco Promerica, S.A.

PANAMA CITY , June 12, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"; NYSE: BLX) announced today the successful closing of a US$100 million senior unsecured syndicated up to 3 years (the "Facility") for Forum Servicios Financieros, S.A.

Bladex leads second successful syndication of a US$100,000,000 Senior Unsecured Term Loan Facility for Forum

PANAMA CITY, Republic of Panama , May 23, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior (Bladex) announced today the successful closing of a US$500 million Club Deal Long Term Facility for Grupo De Inversiones Suramericana, S.A. Bladex acts as Joint Lead Arranger along with BBVA, Itaú, Banco General y Citibank in a landmark transaction in Colombia.

Bladex acts as Joint Lead Arranger for Grupo Sura US$500 million Club Deal facility

PANAMA CITY, Republic of Panama , May 21, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or "the Bank", NYSE: BLX) announced today the closing of a new global syndicated loan of US$400 million.

Bladex Announces its New Global Syndicated Loan for US$400 Million

PANAMA CITY , April 25, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or "the Bank") announced today that the Bank filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 (the "2023 Annual Report") with the U.S. Securities and Exchange Commission (the "SEC").

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