Banco Latinoamericano De - BLX STOCK NEWS

Bladex (NYSE: BLX) has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC). The 2024 Annual Report and audited financial statements are accessible through both the SEC's website and Bladex's official website.

Bladex is a multinational bank established by central banks of Latin-American and Caribbean countries in 1979, focusing on promoting foreign trade and economic integration in the region. Headquartered in Panama, the bank maintains offices in Argentina, Brazil, Colombia, Mexico, the United States, and holds a Representative License in Peru.

The bank has been listed on the NYSE since 1992, with a diverse shareholder base including central banks and state-owned entities from 23 Latin American countries, commercial banks, financial institutions, and both institutional and retail investors.

Bladex and Scotiabank have successfully closed a US$100 million syndicated green loan for EGE Haina, a leading sustainable energy generator in the Dominican Republic. The financing, announced on March 13, 2025, follows the Green Loan Principles (GLP) guidelines and will support EGE Haina's renewable energy assets platform development.

The loan aims to increase renewable energy's share in the Dominican Republic's energy matrix, supporting the company's growth strategy and the country's energy transition. EGE Haina operates a diversified portfolio including wind farms, solar plants, and efficient thermal generation facilities.

The financing adheres to guidelines from the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA), demonstrating both lending institutions' commitment to supporting sustainable projects and economic growth in the region.

Bladex (NYSE: BLX) has successfully led a USD 200 million syndicated loan for Inversiones CrediQ Business and its subsidiaries across Costa Rica, El Salvador, and Guatemala. The transaction, co-led with Banco Agrícola (Grupo Bancolombia), was oversubscribed by 1.52 times the initial USD 150 million target, attracting 13 financial institutions.

This second syndicated loan for CrediQ will refinance existing debt and extend maturity profiles in their operations across the three countries. The funding aims to support families, micro-entrepreneurs, and SMEs in Central America by facilitating vehicle acquisition financing, which is important for mobility and economic growth in the region.

Bladex (NYSE: BLX) reported record financial results for Q4 and full-year 2024, with historic net income of $206 million, up 24% year-over-year. The bank's commercial loan portfolio grew 18% to over $10 billion, while maintaining near-zero non-performing loans.

Key highlights include:

• Deposits reached $5.4 billion (54% of total funding), with 23% year-end growth
• Record fee income of $44 million, up 37% from 2023
• Letter of credit fees increased 24%
• Syndication fees rose 38%, with transactions exceeding $2.5 billion
• ROE reached 16.2%, up 153 basis points from 2023
• Efficiency ratio of 26.5%
• 25% increase in quarterly dividend

The bank plans to launch a digital trade finance platform in H2 2025.

Bladex (NYSE: BLX) has announced a quarterly cash dividend of $0.625 per share for the fourth quarter of 2024. The dividend will be paid on March 25, 2025 to stockholders of record as of March 10, 2025.

The Bank reported 36,790,818.86 outstanding shares across all classes as of December 31, 2024. Bladex, established by central banks of Latin American and Caribbean countries, operates as a multinational bank focused on promoting foreign trade and economic integration in the region since 1979.

The Bank maintains its headquarters in Panama with offices in Argentina, Brazil, Colombia, Mexico, the United States, and a Representative License in Peru. Its diverse shareholder base includes central banks, state-owned entities from 23 Latin American countries, commercial banks, financial institutions, and both institutional and retail investors through its NYSE listing.

Bladex (NYSE: BLX) reported outstanding financial results for Q4 2024 and full-year 2024. The bank achieved a record annual net profit of $205.9 million (+24% YoY) with earnings per share of $5.60, and Q4 net profit of $51.5 million (+11% YoY).

Key highlights include:

• Record net interest income of $259.2 million for FY24 (+11% YoY)
• Strong fee income of $44.4 million for FY24 (+37% YoY)
• Efficiency ratio improved to 26.5% for FY24
• Credit portfolio reached new high at $11.2 billion (+18% YoY)
• Healthy asset quality with 96.4% of portfolio in low-risk category
• Return on Equity (ROE) increased to 16.2% (+153 bps YoY)

The bank declared a quarterly dividend of $0.625 per share, payable March 25, 2025. Additionally, Bladex received approval for issuing bonds worth COP 300 billion in Colombia.

Banco Latinoamericano de Comercio Exterior (NYSE: BLX) has announced its upcoming conference call to discuss fourth quarter 2024 results. The call is scheduled for Friday, February 28, 2025, at 10:00 a.m. Eastern Time. The presentation will feature CEO Jorge Salas and CFO Ana Graciela de Méndez.

The company's Q4 2024 earnings release will be published on Thursday, February 27, 2025, after market close. Both the earnings release and webcast presentation will be made available on Bladex's corporate website.

Bladex (NYSE: BLX) has successfully closed a dual-currency syndicated loan worth US$53 million and COP 60,000 million for Finanzauto, a leading Colombian automotive finance company. The loan, which included participation from eight financial institutions, aims to support MSMEs development and ESG-focused projects in Colombia.

Finanzauto, a non-bank financial institution with over 50 years of experience and an AA- local rating from BCR Ratings, is Colombia's primary financier in the productive public service, cargo, passenger vehicles, and vans segment. The company is the first non-bank financing entity to receive B certification in Colombia.

The loan proceeds will enhance Finanzauto's strategy of providing sustainable financing solutions, focusing on small carriers and MSMEs, including access to cleaner vehicles, working capital, health, and education. This transaction reinforces Bladex's role in promoting foreign trade and regional integration in Latin America through innovative financial solutions and strategic partnerships.

Bladex announced that Ana Graciela de Mendez, Executive Vice President and Chief Financial Officer, will step down from her position in April 2025 after 34 years with the bank. Annette van Hoorde, currently Senior Vice President of Funding and Asset-Liability Management, has been selected as the new CFO following an extensive worldwide search. The transition will be managed over the coming months to ensure continuity in operations.