Welcome to our dedicated page for Banco Latinoamericano De news (Ticker: BLX), a resource for investors and traders seeking the latest updates and insights on Banco Latinoamericano De stock.
Banco Latinoamericano de Comercio Exterior (BLX) provides essential financial solutions for international trade across Latin America. This news hub offers investors and business professionals timely updates on the bank's strategic initiatives and market activities.
Access official press releases covering earnings reports, trade finance innovations, and partnership announcements. Our curated collection includes regulatory filings, leadership updates, and analyses of BLX's role in regional economic integration.
Discover updates on syndicated loan arrangements, treasury operations, and cross-border financing solutions. The repository serves as a reliable source for tracking BLX's contributions to foreign trade development and financial market stability.
Bookmark this page for streamlined access to BLX's latest developments. Check regularly for verified information about Latin America's premier trade finance institution.
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.
Bladex (NYSE: BLX) has successfully closed an US$86 million syndicated loan for Grupo Monge, which was oversubscribed by 70%. This marks the third syndicated loan managed by Bladex for Grupo Monge, a leading Central American retailer of durable goods operating 664 stores across five countries. The loan will support Grupo Monge's strategy of providing micro-loans to individuals and small businesses, particularly focusing on financial inclusion for unbanked and low-income sectors. Part of the funds will be allocated to Financiera Monge in Costa Rica for expansion. The transaction included participation from prominent regional banks, demonstrating Bladex's ability to unite strategic allies for customer growth financing.
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.
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