Banco Latinoamericano De - BLX STOCK NEWS

Bladex (NYSE: BLX) reported strong financial results for Q3 2024, with a net profit of $53.0 million (+16% YoY) and earnings per share of $1.44. The bank achieved an annualized return on equity of 16.4%. Key highlights include:

- Net Interest Income increased to $66.6 million (+10% YoY)
- Record-high Credit Portfolio of $10,875 million (+18% YoY)
- Commercial Portfolio reached $9,673 million (+17% YoY)
- Strong asset quality with 96% of credit portfolio in low-risk category
- Deposit base grew to $5,639 million (+34% YoY)

The Board approved a quarterly dividend of $0.50 per share, payable on November 26, 2024.

Banco Latinoamericano de Comercio Exterior (Bladex) has announced a quarterly cash dividend of US$0.50 per share for the third quarter of 2024. The dividend will be paid on November 26, 2024, to stockholders of record as of November 8, 2024. As of September 30, 2024, Bladex had 36,786,977.36 outstanding shares across all classes. The multinational bank, listed on the NYSE under the symbol BLX since 1992, operates throughout Latin America with offices in multiple countries and focuses on promoting foreign trade and economic integration in the region.

Bladex (NYSE: BLX) has announced its upcoming conference call to discuss 3Q24 results. The call is scheduled for Wednesday, October 30, 2024, at 11:00 a.m. Eastern Time. Presenting for Bladex will be Mr. Jorge Salas, Chief Executive Officer, and Mrs. Ana Graciela de Méndez, Chief Financial Officer.

The company's Third Quarter 2024 Earnings Release will be announced on Tuesday, October 29, 2024, after market close. The earnings release and webcast presentation will be available on Bladex's corporate website. Interested participants are encouraged to pre-register for the conference call using the provided link.

Banco Latinoamericano de Comercio Exterior (Bladex, NYSE: BLX) has appointed Sergio Olarte as its new Chief Economist, strengthening its team and commitment to Latin America's economic development. Olarte brings over 24 years of experience in economic analysis and the financial system, including 12 years at the Central Bank of Colombia and roles at BTG Pactual and Scotiabank Colombia.

With a Master's degree in Monetary Policy from the University of Illinois, Olarte has also been a macroeconomics professor at prestigious Colombian universities. Bladex CEO Jorge Salas stated that Olarte's expertise will enhance the bank's financial analysis and decision-making capabilities, reinforcing its regional leadership.

This appointment aligns with Bladex's mission to promote economic and social development in Latin America and the Caribbean through strategic financial solutions and in-depth economic analysis.

Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) has announced a quarterly cash dividend of US$0.50 per share for the second quarter of 2024. The dividend will be payable on August 20, 2024, to stockholders of record as of August 5, 2024. As of June 30, 2024, Bladex had 36,786,976.36 outstanding shares across all classes.

Bladex, founded by central banks of Latin American and Caribbean countries, began operations in 1979 to promote foreign trade and economic integration in the region. The multinational bank is headquartered in Panama and has offices in several countries. It is listed on the NYSE under the ticker BLX since 1992, with shareholders including central banks, state-owned entities, commercial banks, and public investors.

Bladex (NYSE: BLX) reported strong financial results for Q2 2024, with net profit of $50.1 million (+35% YoY) and earnings per share of $1.36. Key highlights include:

- Annualized ROE of 16.2% (+279 bps YoY)
- Net interest income of $62.8 million (+15% YoY)
- Fee income up 93% YoY to $12.5 million
- Efficiency ratio improved to 24.3%
- Record credit portfolio of $10.3 billion (+13% YoY)
- Commercial portfolio reached $9.2 billion (+13% YoY)
- Healthy asset quality with 95% of portfolio classified as low risk
- Strong capital position with 16.2% Tier 1 ratio

The bank declared a quarterly dividend of $0.50 per share payable on August 20, 2024.

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.

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX), also known as Bladex, has announced its upcoming conference call to discuss second quarter 2024 results. The call is scheduled for Wednesday, July 24, 2024, at 11:00 a.m. Eastern Time. Key presenters will include Mr. Jorge Salas, CEO, and Mrs. Ana Graciela de Méndez, CFO.

Bladex will release its Q2 2024 earnings on Tuesday, July 23, 2024, after market close. The earnings release and webcast presentation will be available on the bank's corporate website. Interested parties are encouraged to pre-register for the conference call through the provided link.

CGI (TSX: GIB.A) (NYSE: GIB) and Bladex (NYSE: BLX) have announced an agreement 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
4. Increase security and operational transparency

CGI Trade360® supports more than 50 products in traditional trade, payables, receivables, and cash management. This partnership aligns with Bladex's strategy to become a benchmark bank in trade finance solutions in Latin America, offering an improved digital experience for clients, suppliers, and trade operations teams.