Welcome to our dedicated page for Banco Latinoamericano de Comercio Exterior, S.A news (Ticker: BLX), a resource for investors and traders seeking the latest updates and insights on Banco Latinoamericano de Comercio Exterior, S.A stock.
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.
Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC. The report contains audited financial statements, accessible through the SEC's website or Bladex's website. Established in 1979, Bladex promotes foreign trade and economic integration in Latin America and the Caribbean. It is listed on the NYSE under the symbol BLX, with shareholders including central and commercial banks from 23 Latin American countries, as well as institutional and retail investors.
Banco Latinoamericano de Comercio Exterior (Bladex) announced the closing of a US$300 million senior secured term loan for Investment Energy Resources Limited (CMI Energía) as part of a US$1.0 billion financial optimization strategy. The loan, guaranteed by CMI Energía's renewable energy projects, aims to strengthen the Company's financial structure. CMI Energía is a leading renewable energy player in Central America, operating over 800MW of assets. This transaction also marks CMI's debut in the green bond market with a concurrent US$700 million issuance.
Banco Latinoamericano de Comercio Exterior (BLX) will announce its First Quarter 2021 Earnings on May 5, 2021.
The announcement will be made before the market opens, with a conference call scheduled for 11:00 a.m. ET. CEO Jorge Salas and CFO Ana Graciela de Méndez will present the results.
Interested parties can join the call by dialing 1-877-271-1828 (U.S.) or 1-334-323-9871 (international), using the passcode 68251167. The event will also be webcast live on the company's website.
Banco Latinoamericano de Comercio Exterior (Bladex) announced a quarterly cash dividend of US$0.25 per share for the fourth quarter of 2020. The dividend is payable on March 10, 2021, to stockholders of record as of February 23, 2021. Bladex had 39,677,940 shares outstanding as of December 31, 2020. Established in 1979, Bladex promotes foreign trade and economic integration in Latin America and the Caribbean and is listed on the NYSE under the ticker BLX.
Banco Latinoamericano de Comercio Exterior (BLX) reported mixed results for 4Q20 and FY20, with net interest income declining by 16% YoY to $92.5 million and total revenues of $99.2 million, down from $126.7 million in 2019. Profit for FY20 decreased 26% to $63.6 million, while 4Q20 profit rose slightly to $15.7 million. The Commercial Portfolio grew 9% QoQ, reaching $5.6 billion, supported by a 18% increase in loan origination. The bank's asset quality improved, with credit-impaired loans falling to 0.22%. A quarterly dividend of $0.25 per share was approved for payment on March 10, 2021.
Banco Latinoamericano de Comercio Exterior (Bladex) has scheduled its Fourth Quarter and Full Year 2020 Earnings Release for February 12, 2021, before the market opens. Jorge Salas, CEO, and Ana Graciela de Méndez, CFO will present during the earnings call at 11:00 a.m. ET. Participants can join via phone or through a live webcast on the company’s website. Further details, including contact information for investor relations, are provided in the press release.
Banco Latinoamericano de Comercio Exterior (Bladex) has announced a quarterly cash dividend of US$0.25 per share for the third quarter of 2020. The dividend will be payable on November 25, 2020, to shareholders on record as of November 9, 2020. As of September 30, 2020, Bladex reported 39,671,940.23 shares outstanding. Established in 1979, Bladex promotes foreign trade in the Latin American and Caribbean regions and is listed on the NYSE under the ticker BLX.
Banco Latinoamericano de Comercio Exterior (BLX) reported its third quarter and nine months results for 2020, highlighting a 9% quarter-on-quarter profit growth to $15.4 million despite ongoing challenges. Key metrics include a Tier 1 Capital Ratio of 26.5% and a 6% QoQ increase in the Credit Portfolio. Notably, the Bank successfully placed a $400 million bond, oversubscribed four times. Although net interest income decreased by 15% YoY, fee income rose by 35% QoQ. The Board declared a $0.25 quarterly dividend, payable November 25, 2020.
Banco Latinoamericano de Comercio Exterior (BLX) will announce its Third Quarter 2020 earnings on October 27, 2020, before the market opens. The earnings release will be followed by a live webcast presentation at 11:00 a.m. Eastern Time featuring CEO Jorge Salas and CFO Ana Graciela de Méndez. Investors can dial in for participation using the provided numbers. The earnings results will be accessible through the company's website.
For inquiries, Mónica Cosulich is available via email or phone.
Banco Latinoamericano de Comercio Exterior (Bladex) announced a successful US$400 million bond issuance in the 144A/Reg S market, which was oversubscribed more than four times. The five-year bonds carry a fixed coupon rate of 2.375%. This issuance demonstrates strong investor confidence in Bladex's business model amid challenging economic conditions, aimed at supporting foreign trade and regional integration in Latin America. Moody's and S&P rated the bonds Baa2 and BBB, respectively. The transaction was facilitated by Bank of America, SMBC Nikko Securities, and Mizuho Securities.
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