Banco Latinoamericano de Comercio Exterior, S.A - BLX STOCK NEWS

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.

Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the SEC. Bladex, a multinational bank promoting foreign trade and economic integration in Latin America and the Caribbean, is listed on the NYSE under the ticker symbol BLX. Shareholders include central banks, state-owned entities, commercial banks, and institutional investors. For more information, visit Bladex's website or contact the Chief Investor Relations Officer.

Bladex announces a quarterly cash dividend of US$0.50 per share for the first quarter of 2024, payable on May 15, 2024, to stockholders as of April 29, 2024. Bladex, a multinational bank focused on promoting foreign trade and economic integration in Latin America and the Caribbean, has been listed on the NYSE since 1992 with shareholders including central banks, state-owned banks, financial institutions, and retail investors.

Bladex reported a strong performance in 1Q24 with a net profit of $51.3 million, leading to an annualized return on equity of 16.8%. The bank saw increased revenues, lower credit losses, and improved efficiency. Fee income surged by 97% YoY, while the credit portfolio reached a new high of $9,789 million. Liquidity position stood at $1,764 million, and capital adequacy ratios improved. Despite a director resignation, the bank announced a quarterly dividend payment and successful Annual Shareholders' Meeting results.