PANAMA CITY, April 18, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX, "Bladex", or "the Bank"), a Panama-based multinational bank originally established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade and economic integration in the Region, announced today its results for the First Quarter ("1Q24") ended March 31, 2024. The consolidated financial information in this document has been prepared in accordance with International Finan ...

helovi/E+ via Getty Images Banco Latinoamericano de Comercio Exterior (NYSE:BLX), or Bladex, is a Panamanian trade-finance bank. Since October 2021, I have considered Bladex a buy for a total return of 80%. In my latest article, from December 2023, I kept the Buy rating. Despite the recent appreciation, I considered Bladex still traded at a reasonable multiple of very pessimistic earnings. In this article, I analyze 4Q23 results and management's comments. I also revisit the valuation after the 18% price ...

Jorge Salas - Chief Executive Officer Conference Call Participants I would now like to turn the call over to Mr. Jorge Salas, CEO. Sir, please go ahead. I will begin with a review of our achievements in 2023, before handing it over to Annie, our CFO who will share the details of our quarterly results. Afterwards, I will also share some insights into our outlook for 2024 including an update of our dividend policy and guidance for the year. Let's take a quick overview of our year. Our credit book grew 9% year ...

5.52% 6.48% 6.99% 7.37% 7.65% 3.89% 4.66% 5.20% 5.54% 5.73% 4Q22 1Q23 2Q23 3Q23 4Q23 NIS NIS 1.92% 1.83% NIS 1.79% NIS 1.82% NIS 1.63% Rate of Interest-Earning Assets Rate of Interest-Bearing Liabilities 2023 8 Effect of higher market rates on the share of assets funded by equity. Letters of Credit Fees 4.9 7.4 2022 2023 YoY +51% 19.8 2022 2023 654% | --- | --- | --- | --- | --- | --- | |----------------------------------------------------|-------|-------------|-------|-------|-------| | (USD millions, exce ...

PANAMA CITY, Feb. 22, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"), announced today its Board of Directors' approval of a quarterly cash dividend of US$0.50 per share corresponding to the fourth quarter of 2023. The cash dividend is payable March 19, 2024 to the Bank's stockholders as of March 4, 2024 record date. As of December 31, 2023, Bladex had 36,539,860.73 shares outstanding of all classes. Bladex, a multinational bank originally established by the ce ...

PANAMA CITY, Feb. 22, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"), today announced that its Board of Directors (the "Board") has authorized a repurchase program of up to $50 million of the Bank's common stock over time. This reflects the Bank's commitment to returning excess capital to shareholders that is not needed to sustain the Bank's strength and stability, deliver value to customers, and support future growth.  Bladex remains committed to continuing t ...

FORM 6-K BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A. (Exact name of Registrant as specified in its Charter) SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Unaudited condensed consolidated interim financial statements as of September 30, 2023, and for the three and nine months ended September 30, 2023 and 2022 | --- | --- | |------------------------------- ...

Jorge Salas - Chief Executive Officer Operator Jorge Salas Today, I will start with a high-level summary of the results, highlighting our key achievements. And then Annie, our CFO, will provide a detailed breakdown of the numbers. After that, given the better-than-expected performance so far, I will update our guidance for the remainder of the year, and then I'll open the call for questions. Starting with the asset side of the balance sheet. The growth on the portfolio was 4% year-on-year. But perhaps more ...

| --- | --- | |------------------------|-------| | | | | | | | 3Q23 Earnings Results | | | October 2023 | | Credit Book $9.2 Bn ↑ 1% QoQ |↑ 4% YoY Net Income $45.8M ↑ 23% QoQ |↑ 70% YoY Strong Fee Income and Efficiency Improvement while Investing in Transformation NIM 2.48% ↑ 6 bps QoQ | ↑ 71 bps YoY 2 3 (USD millions, except for %) Stable Loan Portfolio and Strong Growth on Deposits Higher Profits and RoE Expansion Fostered by increased Margins Increased NII and Margin Expansion ত Efficiency Ratio 27.2% ↓ ...

1 For the month of August, 2023 BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A. (Exact name of Registrant as specified in its Charter) FOREIGN TRADE BANK OF LATIN AMERICA, INC. (Translation of Registrant's name into English) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F x Form 40-F o Date:August 3, 2023 By: /s/ Ana Graciela de Méndez Name: Ana Graciela de Méndez Title: Chief Financial Officer Unaudited condensed consolidated ...