PANAMA CITY, June 13, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or "the Bank"; NYSE: BLX) announced the recent closing of a US$100 million three-year syndicated facility (the "Facility") in favor of the Guatemalan bank Banco Promerica, S.A. ("Banco Promerica Guatemala" or the "Bank"). Bladex was the Sole Lead Arranger and Bookrunner, and Administrative Agent for the Facility. The deal constitutes the biggest international syndicated facility arranged yet, for Banco Prom ...

PANAMA CITY, June 12, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"; NYSE: BLX) announced today the successful closing of a US$100 million senior unsecured syndicated up to 3 years (the "Facility") for Forum Servicios Financieros, S.A. ("Forum" or the "Company"). Bladex acted as Sole Lead Arranger and Bookrunner and shall act as the Administrative Agent for the Facility. Established in 1993, Forum is the leading player in the auto-financing industry in Chile. ...

PANAMA CITY, Republic of Panama, May 23, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior (Bladex) announced today the successful closing of a US$500 million Club Deal Long Term Facility for Grupo De Inversiones Suramericana, S.A. Bladex acts as Joint Lead Arranger along with BBVA, Itaú, Banco General y Citibank in a landmark transaction in Colombia. The funds from the facility will be used to finance the Public Tender Offer (OPA) launched by Grupo Sura for the acquisition of the remaining sh ...

Core Insights - Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) announced the closing of a new global syndicated loan of US$400 million, marking the largest syndicated facility in its history [1][2] - The loan involved participation from thirty-three financial entities across various countries, indicating Bladex's growing influence in global financial markets [1][2] - The funds will be utilized to support growth and foreign trade in member countries, enhancing Bladex's funding structure and complementing its deposit base [2] Company Overview - Bladex is a multinational bank established by the central banks of Latin American and Caribbean countries, operational since 1979 to promote foreign trade and regional integration [2] - The bank is headquartered in Panama and has offices in several countries, including Argentina, Brazil, Colombia, Mexico, and the USA, with a representative license in Peru [2] - Bladex has been listed on the New York Stock Exchange since 1992, with shareholders including central banks, state banks, and various investors from 23 Latin American and Caribbean countries [2]

Capital reserve Banco Latinoamericano de Comercio Exterior, S. A. and Subsidiaries Notes to the unaudited condensed consolidated interim financial statements (Amounts expressed in thousands of U.S. dollars, unless otherwise indicated) 22. Applicable laws and regulations (continued) Credit risk coverage - dynamic provision As of March 31, 2024, and December 31, 2023, the total amount of the dynamic provision calculated according to the guidelines of Rule No. 4-2013 of the SBP is $136 million for both periods ...

PANAMA CITY, April 25, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or "the Bank") announced today that the Bank filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 (the "2023 Annual Report") with the U.S. Securities and Exchange Commission (the "SEC"). The 2023 Annual Report and audited financial statements can be accessed by visiting either the SEC's website at www.sec.gov or Bladex's website at www.bladex.com.  The Bank can also provide a co ...

Date: April 25, 2024 By: /s/ Ana Graciela de Méndez Name: Ana Graciela de Méndez Title: Chief Financial Officer Commission File Number 1-11414 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 BLADEX FILES ANNUAL REPORT ON FORM 20-F 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 integra ...

depositors due, among other factors, to any change in their U.S. dollar liquidity strategies which currently include making deposits with the Bank, could have a material adverse effect on the Bank's liquidity, results of operations and financial condition. In addition, if some private or state-owned international banks cease to provide deposits to the Bank or cease to provide funding to the Bank at historically applicable interest rates, the Bank would have to seek funding from other sources, which may not ...

Financial Performance - The bank achieved a net income of over $51 million in Q1 2024, representing a 39% increase year-on-year and an 11% increase quarter-on-quarter, with an annualized return on equity of 16.8% [3][58] - The balance sheet remained stable at $10.7 billion, up 16% year-on-year, driven by growth in the loan and investment portfolio [4][58] - Net interest income reached $62.9 million, up 20% year-on-year, although down 4% from the previous quarter [39] Business Line Performance - The commercial portfolio grew to $8.7 billion, increasing by 12% year-on-year and 2% from the end of 2023 [61] - Fee income for Q1 2024 was $9.5 million, nearly double the amount from the same period last year, driven by strong revenues from letters of credit [40][41] Market Data - Deposits increased by 32% year-on-year and 7% quarter-on-quarter, now representing 52% of total funding [32] - The bank's cash position stood at $1.7 billion, accounting for 16% of total assets [5] Company Strategy and Industry Competition - The bank is transitioning from the optimization phase to the expansion phase of its strategic plan, focusing on enhancing its product suite and implementing new IT platforms [45][46] - Increased competition from local and international banks is noted, impacting credit spreads [23][55] Management Commentary on Operating Environment and Future Outlook - Management highlighted a challenging landscape with increased liquidity and competition but managed to grow the portfolio and maintain income generation [55][58] - The bank remains committed to achieving a net interest margin of 2.5% and expects incremental revenues from IT investments to reach around 10% of total revenue by 2026 [14][25] Other Important Information - The bank's asset quality remains strong, with 97% of the credit portfolio classified as low risk [31] - A quarterly dividend of $0.50 per share was declared, unchanged from the previous quarter [35] Q&A Session Summary Question: Comments on margin decrease - Management noted that the decrease in margins is due to competition from local and international debt capital markets, but a strong pipeline of syndicated deals is expected to compensate [8] Question: Expectations for future expenses - Management indicated that expenses are seasonally low in Q1 and should align closer to Q3 levels moving forward, with continued investments in IT transformations [9] Question: Realistic NIM expectations - Management confirmed that the target NIM of 2.5% remains realistic, despite potential pressure from lower interest rates in the future [14][16]

PANAMA CITY, April 18, 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 first quarter of 2024. The cash dividend is payable May 15, 2024 to the Bank's stockholders as of April 29, 2024 record date. As of March 31, 2024, Bladex had 36,727,297.73 shares outstanding of all classes. Bladex, a multinational bank originally established by the centra ...