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Bladex Continues its Expansion in the Mexican Market

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Banco Latinoamericano de Comercio Exterior (Bladex) is expanding its presence in Mexico, a key market representing nearly 15% of the bank's exposure. Bladex has increased its loan portfolio by 45% in the last 18 months and currently disburses almost US$5 billion annually in Mexico. The bank has been operating in Mexico for over 24 years and has been listed on the New York Stock Exchange (BLX) since 1992.

Bladex's growth strategy in Mexico includes expanding its offices, strengthening its commercial team, and developing strategic partnerships. The bank has completed significant transactions, including leading acquisition finance deals and participating in major debt refinancing projects. Bladex aims to continue supporting Mexican companies' growth and regional expansion while also facilitating Latin American clients' entry into the Mexican market.

Il Banco Latinoamericano de Comercio Exterior (Bladex) sta espandendo la propria presenza in Messico, un mercato chiave che rappresenta quasi il 15% dell'esposizione della banca. Bladex ha aumentato il proprio portafoglio di prestiti del 45% negli ultimi 18 mesi e attualmente eroga quasi 5 miliardi di dollari all'anno in Messico. La banca opera in Messico da oltre 24 anni ed è quotata alla Borsa di New York (BLX) dal 1992.

La strategia di crescita di Bladex in Messico include l'espansione degli uffici, il rafforzamento del team commerciale e lo sviluppo di partnership strategiche. La banca ha completato transazioni significative, inclusi finanziamenti per acquisizioni e partecipazioni a importanti progetti di rifinanziamento del debito. Bladex mira a continuare a supportare la crescita delle aziende messicane e l'espansione regionale, facilitando anche l'ingresso dei clienti latinoamericani nel mercato messicano.

El Banco Latinoamericano de Comercio Exterior (Bladex) está ampliando su presencia en México, un mercado clave que representa casi el 15% de la exposición del banco. Bladex ha aumentado su cartera de préstamos en un 45% en los últimos 18 meses y actualmente desembolsa casi 5 mil millones de dólares anuales en México. El banco ha estado operando en México durante más de 24 años y está listado en la Bolsa de Nueva York (BLX) desde 1992.

La estrategia de crecimiento de Bladex en México incluye la expansión de sus oficinas, el fortalecimiento de su equipo comercial y el desarrollo de asociaciones estratégicas. El banco ha completado transacciones significativas, incluyendo el liderazgo en financiamiento de adquisiciones y la participación en proyectos importantes de refinanciamiento de deuda. Bladex tiene como objetivo continuar apoyando el crecimiento de las empresas mexicanas y la expansión regional, al tiempo que facilita la entrada de los clientes latinoamericanos en el mercado mexicano.

라틴 아메리카 수출입 은행 (Bladex)은 멕시코에서의 존재감을 확장하고 있습니다, 이는 은행의 노출의 거의 15%를 차지하는 주요 시장입니다. Bladex는 지난 18개월 동안 대출 포트폴리오를 45% 증가시켰습니다 그리고 현재 멕시코에서 연간 거의 50억 달러를 대출하고 있습니다. 은행은 24년 이상 멕시코에서 운영되고 있으며 1992년부터 뉴욕 증권 거래소(BLX)에 상장되어 있습니다.

Bladex의 멕시코에서의 성장 전략에는 사무소 확대, 상업 팀 강화, 전략적 파트너십 개발이 포함됩니다. 이 은행은 인수 금융 거래를 주도하고 주요 채무 재조정 프로젝트에 참여하는 등 중요한 거래를 완료했습니다. Bladex는 멕시코 기업의 성장과 지역 확장을 지원하는 동시에 라틴 아메리카 고객의 멕시코 시장 진입을 용이하게 할 계획입니다.

La Banco Latinoamericano de Comercio Exterior (Bladex) étend sa présence au Mexique, un marché clé représentant près de 15 % de l'exposition de la banque. Bladex a augmenté son portefeuille de prêts de 45 % au cours des 18 derniers mois et distribue actuellement près de 5 milliards de dollars par an au Mexique. La banque opère au Mexique depuis plus de 24 ans et est cotée à la Bourse de New York (BLX) depuis 1992.

La stratégie de croissance de Bladex au Mexique inclut l'expansion de ses bureaux, le renforcement de son équipe commerciale et le développement de partenariats stratégiques. La banque a réalisé des transactions significatives, y compris la direction d'opérations de financement d'acquisition et la participation à des projets importants de refinancement de dettes. Bladex vise à continuer à soutenir la croissance des entreprises mexicaines et l'expansion régionale tout en facilitant l'entrée des clients latino-américains sur le marché mexicain.

Die Banco Latinoamericano de Comercio Exterior (Bladex) erweitert ihre Präsenz in Mexiko, einem Schlüsselmarkt, der fast 15% der Bankenaussetzung ausmacht. Bladex hat ihr Kreditportfolio in den letzten 18 Monaten um 45% erhöht und gibt derzeit fast 5 Milliarden US-Dollar jährlich in Mexiko aus. Die Bank ist seit über 24 Jahren in Mexiko tätig und an der New Yorker Börse (BLX) seit 1992 notiert.

Die Wachstumsstrategie von Bladex in Mexiko umfasst die Erweiterung der Büros, die Stärkung des Vertriebsteams und die Entwicklung strategischer Partnerschaften. Die Bank hat bedeutende Transaktionen abgeschlossen, darunter das Führen von Akquisefinanzierungsdeals und die Teilnahme an wichtigen Schuldenrefinanzierungsprojekten. Bladex hat das Ziel, das Wachstum mexikanischer Unternehmen und die regionale Expansion zu unterstützen und gleichzeitig den lateinamerikanischen Kunden den Einstieg in den mexikanischen Markt zu erleichtern.

Positive
  • Loan portfolio in Mexico grew by 45% in the last 18 months
  • Annual disbursements in Mexico reach almost US$5 billion
  • Mexico represents 15% of Bladex's exposure
  • Bladex is one of the top 10 most active issuers in the Mexican debt market
  • Expansion of offices and strengthening of commercial team in Mexico
Negative
  • None.

Insights

The expansion of Bladex in the Mexican market is a significant strategic move that underscores the bank's commitment to strengthening its presence in a key regional economy. Bladex has a diversified loan portfolio that has grown by 45 in the last 18 months, suggesting effective risk management and strong market demand.

The bank's $5 billion annual disbursements and involvement in major transactions, such as the $8.3 billion debt refinancing for PEMEX, highlight its financial capacity and credibility in handling large-scale financial operations. For investors, this level of activity and financial soundness is reassuring, potentially leading to a stable or appreciating stock price in the near term.

Bladex's strategic focus on Mexico, which represents nearly 15 of its exposure and its growth plans are well-aligned with the broader trends in the Mexican market. The inclusion of diverse sectors such as oil & gas, airlines and automotive in its client portfolio indicates a balanced and robust market penetration strategy.

Moreover, Bladex's collaborations with local development banks and fintech platforms enhance its ability to offer a wider range of products and services. This strategic diversification can help mitigate risks associated with market fluctuations and economic cycles, making Bladex a potentially less volatile investment for stakeholders.

Bladex's collaboration with fintech platforms to expand its product offering is a forward-thinking move that aligns with the increasing digitalization of financial services. By leveraging technology, Bladex can streamline its operations, reduce costs and enhance customer experience.

These technological advancements could also open new revenue streams and provide a competitive edge in the financial sector, making the bank more attractive to both retail and institutional investors. The active participation in vendor invoice discounting and strategic partnerships are prime examples of how technology can be harnessed to drive business growth.

With more than 24 years of experience in Mexico, Banco Latinoamericano de Comercio Exterior (Bladex) is moving forward with its strategy to deepen its presence in the country. The expansion of its new offices, the strengthening of its commercial team and its annual disbursements of almost US$5 billion position Bladex as a key player in the growth of Mexican companies. Bladex has been listed on the New York Stock Exchange since 1992 and has been one of the most active issuers on the Mexican Stock Exchange for more than 12 years.

MEXICO CITY, July 22, 2024 /PRNewswire/ -- To strengthen its presence in the Mexican market, Banco Latinoamericano de Comercio Exterior (Bladex) has undertaken a series of activities to send a clear message of its commitment to the country.

Bladex is a multinational bank that began operations in 1979 with the purpose of promoting foreign trade and economic integration in the region.  It has been listed on the New York Stock Exchange (symbol: BLX) since 1992 and its shareholders include central banks, banks, and government entities from 23 Latin American countries, as well as financial institutions, institutional investors and individuals.

For Bladex, Mexico represents nearly 15% of the bank's exposure and is the only country in which it maintains local currency loans, with significant growth in new business, syndications and disbursements, which currently exceed US$5 billion per year.

Miguel Heras, Chairman of Bladex's Board of Directors, emphasizes the bank's commitment to Mexico. "In its 5-year business plan, Bladex has chosen Mexico as a pillar of its growth in the region, strengthening its commercial teams and strategic alliances with partners. We have three Mexican directors on our Board of Directors and have established a strategic alliance with the country's development banks.

"Bladex has a clear strategic focus on growing in the coming years with each of our clients, supported by our shareholders and the enthusiasm of investors who see us as a solid institution with a great future."

In this sense, Bladex expects to grow steadily in Mexico in the coming years, based on its track record of more than 24 years in the country, over 12 years as an issuer on the Mexican Stock Exchange and a broad portfolio of clients from diverse productive sectors such as oil & gas, airlines, manufacturing, financial services and automotive, among others. 

Bladex's Board of Directors met in Mexico City on July 15th for the inauguration of its new offices, an event that brought together important personalities from the Mexican business and financial sectors, a clear endorsement of the bank and its growth plan for the coming years in the country.

Jorge Salas, CEO of Bladex, emphasized that "The results of this joint commitment to the Mexican market are evident in the diversified loan portfolio, which has grown by 45% in the last 18 months, adding new clients in the construction, energy, finance, auto parts and project finance sectors, and achieving an all-time record in revenues for Bladex Mexico."

Bladex has completed significant transactions in the country, the most recent of which include leading the acquisition finance of Interceramic for US$665 million, the private securitization of Engen for US$150 million, assisting PEMEX in the refinancing of its US$8.3 billion debt, leading the acquisition finance of Trimex for US$300 million and participating in the first project finance in Mexico with ENGIE's Energía Mayakán, among others. Bladex has also been one of the top 10 most active issuers in the Mexican debt market in recent years.

Jorge Güémez, Country Manager of Bladex Mexico, commented: "Bladex remains firmly committed to helping Mexican companies and industries finance their growth, diversification and regional expansion through our extensive experience and knowledge of the region with names such as Lamosa, Trimex, Pemex, Cemex, etc. We also support the onboarding and expansion of Latin American clients in Mexico, including companies such as Carvajal, Bia Foods and Nubank, among others. The recent agreement with Banco Nacional de Comercio Exterior S.N.C. (Bancomext) will undoubtedly be a catalyst in achieving this goal. 

"In addition, we are an active participant in the largest marketplace for vendor invoice discounting in Mexico. We have strengthened our commercial team, developed strategic partnerships, and actively collaborated with various Fintech platforms to expand and diversify our product offering and reach more clients and industries. Mexico has put its trust in Bladex and Bladex has trusted Mexico."

On July 24, Bladex will hold its traditional market call to present its second-quarter results. "We have had great support from investors and analysts who have begun to follow our performance and continue to recommend buying our stock," concluded Jorge Salas.

Contact:
Jorge Guemez – Country Manager of Bladex Mexico
E-mail address:  jguemez@bladex.com
Tel: + 52 (55) 5280-0822

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SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)

FAQ

What is Bladex's stock symbol on the New York Stock Exchange?

Bladex's stock symbol on the New York Stock Exchange is BLX.

How much has Bladex's loan portfolio grown in Mexico over the last 18 months?

Bladex's loan portfolio in Mexico has grown by 45% over the last 18 months.

What is the annual disbursement amount for Bladex in Mexico?

Bladex's annual disbursements in Mexico currently exceed US$5 billion.

How long has Bladex been operating in the Mexican market?

Bladex has been operating in the Mexican market for more than 24 years.

What percentage of Bladex's exposure does Mexico represent?

Mexico represents nearly 15% of Bladex's exposure.

Banco Latinoamericano de Comercio Exterior, S.A

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