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Banco Latinoamericano de Comercio Exterior, S.A. (Bladex), established in 1979, is a multinational bank originally founded by the central banks of Latin American and Caribbean countries to enhance foreign trade and regional integration. Headquartered in Panama, Bladex operates through offices in Argentina, Brazil, Colombia, Mexico, the United States of America, and a representative office in Peru.
The bank provides financial solutions to financial institutions, companies, and investors engaged in business within Latin America, offering a vital link to international capital markets. Bladex's services span two main segments: the Commercial Business Segment and the Treasury Business Segment. These segments help streamline trade finance and ensure effective liquidity management across the region.
Bladex's competitive edge is rooted in its extensive regional presence and expertise in trade finance. The bank facilitates connectivity within Latin America and between the region and the rest of the world, offering its clients a broad array of financial solutions. These include foreign trade financing, working capital loans, and structured trade finance products designed to support the diverse needs of its clientele.
In terms of financial performance, Bladex has achieved remarkable growth. For instance, the net income for the fourth quarter of 2023 reached US$46.4 million, with a record annual income of US$166.2 million—an 81% increase from the previous year. The bank also saw a substantial 58% year-over-year increase in net interest income, amounting to US$233 million. Fee income experienced a 64% rise, totaling US$32.5 million in 2023.
Bladex's strategic initiatives have also led to impressive milestones, such as a US$9.5 billion loan portfolio, representing a 9% year-over-year growth, and deposits of US$4.408 billion—a 38% increase from the previous year. The bank's commercial portfolio grew by about 10% to a record US$8.521 billion by the end of the fourth quarter of 2023.
Recently, Bladex's Board of Directors authorized a repurchase program of up to $50 million of the Bank's common stock, reflecting its commitment to returning excess capital to shareholders. Additionally, the bank has successfully closed new loan facilities, including a US$400 million global syndicated loan and a US$500 million Club Deal Long Term Facility for Grupo de Inversiones Suramericana, S.A., highlighting its strong relationships and significant role in regional financial markets.
Baldex is listed on the New York Stock Exchange (NYSE: BLX) and has a diverse shareholder base that includes central banks, state-owned banks, commercial banks, financial institutions, and institutional and retail investors. For more information, please visit www.bladex.com.
Bladex (NYSE: BLX) and CGI (TSX: GIB.A) (NYSE: GIB) have announced a partnership to implement the CGI Trade360 trade technology platform. Bladex will be the first Latin American-headquartered bank to adopt this award-winning SaaS platform, which supports trade finance in over 85 countries. The implementation aims to:
1. Improve Bladex's regional and global trade business
2. Optimize letter of credit processing
3. Enhance working capital solutions, security, and operational transparency
This partnership aligns with Bladex's strategy to remain a technological leader in trade finance solutions for Latin America. The CGI Trade360 platform supports over 50 products in traditional trade, payables, receivables, and cash management, offering a digital experience for bank clients, suppliers, and trade operations teams.
Bladex (NYSE: BLX) announced the successful structuring of a US$665 million syndicated loan for Interceramic, a leading ceramic tile producer. The facility includes a US$600 million 12-month tranche and a US$65 million revolving line for 3 years. The loan will finance share repurchase and delisting from the Mexican Stock Exchange, as well as early repayment of an existing loan. The transaction, oversubscribed by 1.4 times, involved over 12 Mexican and international banks. This marks Bladex's sixth syndicated loan in Mexico, contributing to over 78 structured transactions in Latin America.
Bladex, a multinational bank listed on the NYSE (BLX), announced the successful syndication of a US$100 million three-year senior unsecured facility for Banco Promerica, S.A., a subsidiary of Promerica Financial This facility is the largest international syndicated arrangement for Banco Promerica Guatemala and involves 13 financial institutions, with 11 being new banking relationships. The proceeds will support loan portfolio growth and refinance short-term debt. Bladex acted as the Sole Lead Arranger, Bookrunner, and Administrative Agent. This is the fourth syndicated facility for Promerica Financial
Banco Latinoamericano de Comercio Exterior (Bladex) has successfully closed a US$100 million senior unsecured syndicated term loan facility for Forum Servicios Financieros (Forum), a leading auto-financing company in Chile. Bladex served as the Sole Lead Arranger and Bookrunner, and will act as the Administrative Agent for the facility, which has a maturity of up to three years. The loan proceeds will be used for repayment of existing indebtedness. This marks the second international syndicated loan that Bladex has arranged for Forum. The transaction attracted commitments from financial institutions in multiple regions including Central and South America, the Caribbean, Asia, and the United States, forging new banking relationships for Forum.
On May 23, 2024, Banco Latinoamericano de Comercio Exterior (Bladex) announced the successful closing of a $500 million Club Deal Long Term Facility for Grupo De Inversiones Suramericana, S.A. Bladex, acting as Joint Lead Arranger with BBVA, Itaú, Banco General, and Citibank, facilitated this landmark transaction in Colombia. The funds will be used to finance Grupo Sura's Public Tender Offer (OPA) to acquire the remaining shares of Grupo Nutresa and cover related expenses. This deal highlights Bladex's strategic partnership with Grupo Sura and its commitment to the Colombian market. Bladex has a long history of facilitating such transactions, with over 74 syndicated/Club deals arranged in Latin America.
Bladex (NYSE: BLX) has secured a new global syndicated loan of $400 million, with Sumitomo Mitsui Banking acting as the Sole Lead Arranger and Sole Bookrunner. The transaction saw participation from 33 financial entities across different countries, including Japan, Taiwan, South Korea, Spain, Austria, the USA, India, and China. This is the largest syndicated facility in Bladex's history, aiming to diversify its funding structure and support foreign trade within the Latin American and Caribbean regions.
Executive Vice President Eduardo Vivone and CEO Jorge Salas expressed their gratitude towards the participating banks and highlighted the loan's significance in reinforcing Bladex as a key financial entity in the region.
Bladex, founded in 1979, is a multinational bank established by the central banks of Latin American and Caribbean nations to promote regional trade. It operates in several countries and has been publicly traded on the NYSE since 1992.
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