Banco Latinoamericano de Comercio Exterior, S.A (NYSE:BLX) Q4 2021 Earnings Conference Call February 22, 2022 11:00 AM ET Company Participants Jorge Salas - CEO Ana Graciela de Méndez - CFO Sam Canineu - CCO Conference Call Participants Jim Marrone - Singular Research Operator Hello, everyone, and welcome to Bladex’s Fourth Quarter 2021 Conference Call on this 22nd day of February 2022. This call is being recorded and is for investors and analysts only. If you are a member of the media you are invited to li ...

Banco Latinoamericano de Comercio Exterior, S.A (NYSE:BLX) Q3 2021 Earnings Conference Call October 29, 2021 11:00 AM ET Company Participants Jorge Salas - Chief Executive Officer Ana Graciela de Méndez - Chief Financial Officer Sam Canineu - Chief Commercial Officer Conference Call Participants Jim Marrone - Singular Research Operator Hello, everyone, and welcome to Bladex's Third Quarter 2021 Conference call on this the 29th day of October 2021. This call is being recorded and is for investors and analyst ...

Banco Latinoamericano de Comercio Exterior, S.A (NYSE:BLX) Q2 2021 Results Conference Call July 28, 2021 11:00 AM ET Company Participants Jorge Salas - CEO Ana Graciela de Méndez - CFO Conference Call Participants Jim Marrone - Singular Research Operator Hello, everyone, and welcome to Bladex's Second Quarter 2021 Conference call on this 28th day of July 2021. This call is being recorded and is for investors and analysts only. If you are a member of the media you are invited to listen only. Bladex has prepa ...

Financial Data and Key Metrics Changes - Profit for Q1 2021 was $12.8 million, down 19% sequentially and 30% year-on-year, primarily due to lower net interest income [19][20] - Net interest income (NII) for the quarter was $18.9 million, down $6.9 million or 27% year-on-year, influenced by a sharp decrease in LIBOR-based rates [23][24] - Expenses were down 10% sequentially and 13% year-on-year, mainly due to lower personnel expenses [22] Business Line Data and Key Metrics Changes - The commercial portfolio grew 3% quarter-on-quarter, with disbursements up 5% [12] - Most growth was concentrated in Brazil, Chile, and Uruguay, while exposure in Argentina was decreased [13] - Commodity-related growth was significant, with oil and gas up 49% and metal manufacturing up 37% [14][15] Market Data and Key Metrics Changes - The IMF revised its 2021 growth estimate for Latin America from 3% to 4.6%, with trade growth estimates revised from 8.2% to 16.2% [9][10] - Demand from commodity clients increased by at least 30% on average, indicating a positive trend in the region [16] Company Strategy and Development Direction - The company plans to utilize a $60 million stock repurchase program to return value to shareholders, reflecting confidence in the market [10][34] - The management aims to explore new growth opportunities, particularly in structured trade finance products and solutions [37][38] - The company maintains a focus on high-quality credit exposure, with 95% of its $5.8 billion credit portfolio classified as low-risk [29][30] Management's Comments on Operating Environment and Future Outlook - The management expressed confidence in the bank's ability to navigate 2021 despite ongoing pandemic challenges, citing a clean balance sheet and strong capital base [32] - The management noted that the region is showing positive signs, particularly in trade finance segments, and expects to reach pre-COVID portfolio levels [35][56] Other Important Information - The bank recorded no credit provisions during the quarter, as it focused on high-quality countries and sectors [22][31] - The average rate of new disbursements was LIBOR plus 141 basis points, down 46 basis points from the maturing portfolio [12] Q&A Session Summary Question: Insight into the Board's decision for share repurchase and growth opportunities - The management believes the stock is undervalued at 55% of book value and views the share buyback as a tactical way to return value to shareholders [34] - The management sees opportunities in structured trade finance products and plans to grow without relaxing underwriting standards [37][38] Question: Increased exposures in Brazil and commodities - The management feels comfortable with exposures in Brazil, primarily in financial institutions, despite the pandemic's impact [41] - Commodity exposure is treated as short-term trade-related, with price volatility hedged by tenor [43] Question: Managing net interest margin amidst low rates - The management is focusing on increasing loan volume and fee-generating products to counteract the impact of low LIBOR rates [46] Question: Evolution of spreads and cash utilization - The management expects spreads to tighten in 2021 but plans to grow the investment portfolio using excess cash [51][52] Question: Loan growth opportunities - The management is optimistic about reaching pre-COVID levels due to increased demand from financial institutions and commodity-related companies [56][57] Question: Current situation in Central America - The management acknowledges the diverse realities in Central America, with potential for growth depending on the country [60][61]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ¨ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...

Banco Latinoamericano de Comercio Exterior, S.A (NYSE:BLX) Q4 2020 Earnings Conference Call February 12, 2021 11:00 AM ET Company Participants Jorge Salas - Chief Executive Officer Ana Mendez - Executive Vice President and Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, hello and welcome to Bladex's Fourth Quarter 2020 Conference Call on this 12th day of February 2021. This call is being recorded and is for investors and analysts only. If you are a member of the media, y ...

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) Q3 2020 Earnings Conference Call October 27, 2020 11:00 AM ET Company Participants Jorge Salas – Chief Executive Officer Ana Graciela de Méndez – Executive Vice President and Chief Financial Officer Conference Call Participants Robert Tate – Global Rational Capital Operator Hello, everyone, and welcome to Bladex' Third Quarter 2020 Conference Call on this 27th day of October 2020. This call is being recorded and is for investors and analysts only. ...

Banco Latinoamericano de Comercio Exterior, S.A (NYSE:BLX) Q2 2020 Earnings Conference Call July 28, 2020 11:00 AM ET Company Participants Jorge Salas - Chief Executive Officer Ana Graciela de Méndez - Chief Financial Officer Conference Call Participants Jim Marrone - Singular Research Pavel Oliva - Rockhill Global Robert Tate - Global Rational Capital Operator Hello, everyone, and welcome to Bladex's Second Quarter 2020 Conference Call. On the 28th day of July 2020, this call is being recorded and is for i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ¨ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ¨ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...