All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it ...

Core Viewpoint - Bladex reported strong 2Q24 results, continuing a year-long expansion trend in its book size, income, and fees, while maintaining a low efficiency ratio [1][2]. Financial Performance - The bank's net income for 2Q24 reached $50 million, a 35% increase year-over-year, with a similar growth rate observed for the first half of 2024 [3]. - Bladex's credit book expanded by 13% year-over-year, leading to a 15% increase in net interest income, primarily driven by traditional loan products with durations of less than a year [6]. - Deposits grew by 40% year-over-year, replacing other forms of financing and enhancing the balance sheet's efficiency and risk profile [6]. Efficiency and Operations - The efficiency ratio improved to 24%, positioning Bladex as one of the most efficient banks globally, with management aiming to keep it below 30% for the year despite expected expense growth in the second half of 2024 [3][6]. - The bank's fee-generating business, particularly in credit commitments and letters of credit, saw a 36% year-over-year growth, resulting in a fee increase of over 90% year-over-year [6]. Risk Factors - The primary risk for Bladex is a potential global recession impacting Latin American trade patterns, particularly through commodity bear markets, which could lead to lower trade volumes and increased competition [4]. - Despite the recession risk, Bladex's credit is tied to short-term trade, which may mitigate loan losses even in adverse conditions [4]. Future Outlook - Bladex is positioned to generate between $180 million and $200 million in net income, with potential for higher earnings if Latin American trade grows [4]. - The bank plans to expand its fee-generating products and has acquired a software platform to double the volume of trade financing transactions in the next two years [6].

Jorge Salas - Chief Executive Officer Ana Graciela de Mendez - Executive Vice President and Chief Financial Officer Samuel Canineu - Executive Vice President, Commercial Banking Good morning, ladies and gentlemen, and welcome to Bladex Second Quarter 2024 Earnings Conference Call. A slide presentation is accompanying today's webcast and is also available on the Investors section of the company's website, www.bladex.com. There will be an opportunity for you to ask questions at the end of today's presentation ...

| --- | --- | --- | |------------------------|-------|-------| | | | | | | | | | 2Q24 Earnings Results | | | | July 2024 | | | Steady Margins with Robust Asset Quality Strong Fee Income and Efficiency Improvement Solid Profits and RoE NIM 2.43% ↓ 4 bps QoQ | ↑ 1 bps YoY © NPLs 0.14% 0 bps QoQ | ↓ 1 bps YoY ROE 16.2% ↓ 54 bps QoQ | ↑279 bps YoY 2 11 37 51 23 37 50 6M 2022 6M 2023 6M 2024 2Q24 ROE 16.2% 34 74 101 1Q 2Q 3(USD millions, except for %) Continued Assets Expansion and Commercial Portfolio Growth (U ...

2Q24 & 6M24 Financial & Business Highlights Profit for the period $50.1 $51.3 $37.1 $101.4 $74.0 Recent Events Footnotes Safe Harbor Statement Bladex, a multinational bank originally established by the central banks of Latin-American and Caribbean countries, began operations in 1979 to promote foreign trade and economic integration in the Region. The Bank, headquartered in Panama, also has offices in Argentina, Brazil, Colombia, Mexico, and the United States of America, and a Representative License in Peru, ...

Core Points - Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) announced a quarterly cash dividend of US$0.50 per share for Q2 2024 [1] - The dividend is payable on August 20, 2024, to stockholders on record as of August 5, 2024 [2] - As of June 30, 2024, Bladex had 36,786,976.36 shares outstanding [3] Company Overview - Bladex is listed on the NYSE (NYSE: BLX) since 1992, with shareholders including central banks, state-owned banks, and various financial institutions from 23 Latin American countries [4] - The bank was established in 1979 to promote foreign trade and economic integration in Latin America and the Caribbean, with its headquarters in Panama and offices in several countries [5]

Company Overview - Banco Latinoamericano (BLX) is headquartered in Panama City and focuses on providing trade financing in South and Central America [4] - The stock has experienced a price change of 35.81% year-to-date [4] Dividend Information - BLX currently pays a dividend of $0.5 per share, resulting in a dividend yield of 5.95%, which is higher than the Banks - Foreign industry's yield of 4.56% and the S&P 500's yield of 1.56% [4] - The company's annualized dividend has increased by 100% from the previous year, with an average annual increase of 0.89% over the last five years [6] - The current payout ratio for BLX is 40%, indicating that it pays out 40% of its trailing 12-month earnings per share as dividends [6] Earnings Expectations - The Zacks Consensus Estimate for BLX's earnings in 2024 is projected at $4.60 per share, reflecting a year-over-year growth rate of 1.10% [5] Investment Considerations - BLX is considered a strong dividend play, especially during periods of rising interest rates when high-yielding stocks may struggle [1] - The stock currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [1]

"We appreciate the partnership with CGI and the future implementation of this powerful technology platform that will allow us to accelerate the deployment of digital solutions which constitutes an important milestone in our continuous service improvement strategy. In this way, we advance in our strategy as a benchmark bank in trade finance solutions in Latin America." Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 90,000 consultants and pro ...

Core Viewpoint - Bladex successfully structured a syndicated loan of US$665 million for Interceramic, which will be used for share repurchase and early repayment of an existing loan [3][5][6] Group 1: Company Overview - Interceramic, established in 1979 in Chihuahua, Mexico, is a leading producer of glazed ceramic tiles and related products in Mexico, the United States, Guatemala, and China [1] - The company is recognized for its quality, innovation, and service, offering a wide range of high-quality ceramic products with innovative designs [1] Group 2: Financial Institution Overview - Bladex, a multinational bank founded in 1979, promotes foreign trade finance and economic integration in Latin America and the Caribbean [2] - The bank is headquartered in Panama and has offices in several countries, including Argentina, Brazil, Colombia, Mexico, and the USA [2] - Bladex has been listed on the NYSE since 1992 and has a diverse shareholder base, including central banks and financial institutions from 23 Latin American countries [2] Group 3: Loan Transaction Details - The syndicated loan for Interceramic consists of a US$600 million tranche for 12 months and a US$65 million revolving line for 3 years [3] - The transaction was oversubscribed 1.4 times, with participation from over 12 Mexican and international banks [4] - The funds will be utilized for a Public Tender Offer to repurchase shares and to repay an existing syndicated loan [5] Group 4: Statements and Impact - Jorge Guemez, Country Manager of Bladex Mexico, expressed satisfaction with the execution of the loan, highlighting it as the sixth syndicated loan led by Bladex in Mexico [6] - This transaction underscores Bladex's capabilities in structured transactions and its access to a broad network of financial institutions [6]