Core Viewpoint - Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) reported strong financial results for the Fourth Quarter and Full Year 2024, highlighting record net profits and growth in key financial metrics driven by increased revenues and efficient operations [1][5]. Financial Performance - Net Interest Income (NII) for 4Q24 was $66.9 million, a 2% increase year-over-year, and $259.2 million for FY24, up 11% year-over-year [4][5]. - Total revenues reached $78.4 million in 4Q24 and $303.6 million for FY24, reflecting a 14% year-over-year growth [4][5]. - The Bank's profit for the period was $51.5 million in 4Q24, an 11% increase year-over-year, and $205.9 million for FY24, a 24% increase year-over-year [4][5]. Profitability Metrics - Return on Equity (ROE) improved to 16.2% for FY24, up 153 basis points year-over-year, with an annualized ROE of 15.5% in 4Q24 [5][6]. - Earnings per Share (EPS) for FY24 was $5.60, compared to $4.55 in FY23 [4][5]. Efficiency and Cost Management - The Efficiency Ratio was 29.2% for 4Q24 and 26.5% for FY24, indicating effective cost management as operating expenses increased by 7% year-over-year in 4Q24 and 11% for FY24 [5][6]. - Operating expenses totaled $22.9 million in 4Q24 and $80.5 million for FY24 [4][5]. Asset Quality and Portfolio Growth - The Credit Portfolio reached a record level of $11,224 million as of December 31, 2024, an 18% increase year-over-year [5][6]. - The Commercial Portfolio also hit a new high of $10,035 million at the end of 4Q24, reflecting strong demand and business growth [5][6]. Liquidity and Capital Position - The Bank's liquidity position was $1,918 million, representing 16% of total assets, with a significant portion held in deposits with the Federal Reserve Bank of New York [5][6]. - Tier 1 Capital and Regulatory Capital Adequacy Ratios stood at 15.5% and 13.6%, respectively, indicating a strong capital position [5][6]. Recent Developments - The Board of Directors approved a quarterly dividend of $0.625 per share for 4Q24, to be paid on March 25, 2025 [7]. - The Bank received authorization for the public offering of up to COP $300 billion in ordinary bonds in Colombia [8]. - A succession plan was announced for the Chief Financial Officer position, with a new appointment effective April 2025 [9].

Core Points - Boralex Inc. will release its 2024 fourth quarter results on February 28, 2025, at 11 a.m. ET [1] - A conference call will be held for financial analysts and investors to discuss the results [1] - The financial information will be available through a press release and on Boralex's website at 7 a.m. on the same day [3] Company Overview - Boralex has been providing affordable renewable energy for over 30 years and is a leader in the Canadian market [4] - The company is the largest independent producer of onshore wind power in France and has facilities in the United States and development projects in the United Kingdom [4] - Over the past five years, Boralex's installed capacity has more than doubled to over 3.1 GW, with a portfolio of more than 7.2 GW in wind, solar, and storage projects [4] - Boralex is committed to sustainable growth and actively participates in combating global warming [4] - The company's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX [4]

Core Points - Boralex has declared a quarterly dividend of $0.165 per common share, payable on March 17, 2025, to shareholders of record as of February 28, 2025 [1] - The dividend is designated as an eligible dividend under Canadian tax law [1] Company Overview - Boralex has been providing affordable renewable energy for over 30 years and is a leader in the Canadian market, as well as the largest independent producer of onshore wind power in France [2] - The company has facilities in the United States and development projects in the United Kingdom, with installed capacity more than doubling to over 3 GW in the past five years [2] - Boralex has a project pipeline totaling over 7.2 GW in wind, solar, and electricity storage projects, guided by corporate social responsibility values [2] - The company is actively participating in the fight against global warming through profitable and sustainable growth [2] - Boralex's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX [2]

Core Points - Boralex Inc. will release its 2024 fourth quarter results on February 28, 2025, at 11 a.m. ET [1] - Financial analysts and investors are invited to attend a conference call for the presentation of the financial results [1][2] - The financial information will be available through a press release and on Boralex's website at 7 a.m. on the same day [3] Company Overview - Boralex has been providing affordable renewable energy for over 30 years and is a leader in the Canadian market [4] - The company is the largest independent producer of onshore wind power in France and has facilities in the United States and development projects in the United Kingdom [4] - Over the past five years, Boralex's installed capacity has more than doubled to over 3.1 GW, with a portfolio of more than 7.2 GW in wind, solar, and storage projects [4] - Boralex is committed to sustainable growth and actively participates in combating global warming [4]

Syndicated Loan Details - Bladex successfully closed a syndicated loan of USD 53 million and COP 60,000 million for Finanzauto S A BIC, a leading Colombian automotive finance company [1] - The loan was structured and led by Bladex, with participation from eight prestigious regional financial institutions [2] Finanzauto's Strategic Focus - The loan proceeds will enable Finanzauto to deepen its strategy of granting loans for MSME development, with a strong focus on ESG standards [3] - Finanzauto aims to strengthen the logistics and operations of MSMEs, which are considered the economic engine of Colombia [3] Finanzauto's Market Position - Finanzauto has over 50 years of experience and is a benchmark in Colombia's non-bank financial market [4] - The company is the first non-bank financing company in Colombia to obtain B certification and holds a local rating of AA- by BCR Ratings [4] - Finanzauto is the main financier in Colombia for productive public service, cargo, passenger vehicles, and vans [4] Bladex's Role and Commitment - Bladex's participation in the loan underscores its commitment to promoting sustainable economic growth in Latin America [5] - The operation brought together eight new counterparties, diversifying Finanzauto's funding sources [5] - Bladex continues to support companies like Finanzauto that integrate sustainability standards into their business models [5] Finanzauto's Sustainability Initiatives - Finanzauto is implementing a triple-impact value model: economic, social, and environmental [6] - The company is consolidating its sustainable financing portfolio, focusing on key areas such as access to cleaner vehicles, working capital, health, and education for small carriers and MSMEs [6] Leadership Perspectives - Santiago Cleves Bayón, General Manager of Finanzauto, highlighted the loan as a milestone in the company's history, aligning with shared values of sustainability, governance, and social responsibility with Bladex [7] - Bladex reinforces its role as a facilitator of growth and development in Latin America, promoting projects that contribute to the region's economic well-being [7] Bladex's Background - Founded in 1979, Bladex's mission is to promote foreign trade and regional integration [8] - The bank has offices in Panama, Argentina, Brazil, Colombia, Mexico, the United States, and a representative license in Peru [8] - Bladex is listed on the NYSE (BLX) and has a shareholder base including central banks, state banks, and representative bodies from 23 Latin American and Caribbean countries, as well as institutional and private investors [8]

Core Viewpoint - Boralex Inc. and Walpole Island First Nation have successfully closed a $172 million financing for the 80 MW / 320 MWh Tilbury Battery Storage project in Ontario, marking a significant milestone in their commitment to sustainable energy solutions [1][2]. Financing Details - The financing was arranged by a banking syndicate including Canadian Imperial Bank of Commerce (CIBC), Fédération des Caisses Desjardins du Québec, and Royal Bank of Canada, which acted as Mandated Lead Arrangers and Joint BookRunners [2]. - The financing structure includes a $120 million construction loan that will convert to a five-year term loan with a 20-year amortization period after the start of commercial operations, expected in Q4 2025, a $45 million bridge loan for investment tax credits, and a $7 million letter of credit facility [5]. Strategic Growth - This financing reinforces Boralex's growth strategy in Ontario and solidifies its position as a leader in energy storage in Canada, emphasizing the importance of partnerships with local Indigenous communities [3]. - Boralex has seen its installed capacity more than double to over 3.1 GW over the past five years and is developing a portfolio of over 7.2 GW in wind, solar, and storage projects [7]. Community Engagement - The partnership with Walpole Island First Nation highlights Boralex's commitment to sustainable development and collaboration with local communities, as expressed by both Boralex's CFO and the Chief of Walpole Island First Nation [2][3]. Company Background - Boralex has been a leader in renewable energy for over 30 years, with significant operations in Canada, the United States, and France, focusing on wind power and other renewable energy sources [7].

Core Viewpoint - Boralex has entered into a joint venture for the development of the 145MW Clashindarroch Wind Farm Extension and a 50MW Battery Energy Storage System, totaling 195MW capacity, which aligns with the UK government's Clean Power Action Plan aimed at decarbonizing the grid by 2030 [9][10]. Company Overview - Boralex has over 30 years of experience in providing affordable renewable energy and is a leader in the Canadian market, as well as France's largest independent producer of onshore wind power [6]. - The company has facilities in the United States and development projects in the United Kingdom, with its installed capacity more than doubling to over 3.1GW in the past five years [6]. - Boralex is developing a portfolio of over 7.2GW in wind, solar, and storage projects, emphasizing its commitment to corporate social responsibility and sustainable growth [6]. Project Details - The Clashindarroch Wind Farm Extension will consist of up to 22 wind turbines, each with an installed capacity of up to 6.6MW, along with a battery storage facility of up to 50MW [5]. - The project is located near Dufftown in Moray, Scotland, and has been in development for several years [9]. Industry Context - The UK government recently announced its Clean Power Action Plan, which aims to unlock £40 billion annually from the private sector for investments in infrastructure and renewable energy [10]. - The plan includes a target to nearly double onshore wind capacity from 14GW to 27GW by 2030 to meet decarbonization goals [10].

PANAMA CITY, Nov. 19, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank") announced today that, after 34 years of a successful career at Bladex, Ana Graciela de Mendez, Executive Vice President and Chief Financial Officer, has decided to step down from her position, effective April 2025. Mrs. Mendez will continue to work closely with Bladex in the coming months to ensure an orderly and smooth transition of her duties to incoming EVP and CFO Annette van Hoorde."We'r ...

Core Insights - Banco Latinoamericano de Comercio Exterior (Bladex) successfully closed a US$86 million syndicated loan for Grupo Monge, which was oversubscribed by 70% above the original amount, highlighting a strong relationship between the two entities [1][3][5] Company Overview - Grupo Monge has over 50 years of experience in Central America and operates 664 stores across five countries: Costa Rica, Guatemala, Honduras, Nicaragua, and El Salvador, focusing on durable goods and consumer finance [2] - The company emphasizes financial inclusion, particularly for unbanked and low-income sectors, facilitating access to essential durable goods [2][5] Loan Details - The syndicated loan, structured and led by Bladex, included participation from prominent regional banks, reinforcing Bladex's role in financing customer growth [3][4] - The funds will support Grupo Monge's strategy to finance micro-loans for individuals and small businesses, enhancing financial inclusion in the informal economy [4][6] Strategic Impact - The loan will enable Grupo Monge to expand its reach to unbanked and low-income individuals and families, providing financing for essential items such as motorcycles and electronics [5][6] - Bladex's commitment to economic development in Latin America is underscored by its ability to structure syndicated loans that promote inclusive and sustainable growth [3][6] Institutional Background - Bladex, established in 1979 by the Central Banks of Latin America and the Caribbean, aims to promote foreign trade and economic integration in the region, with a presence in multiple countries [7] - The bank has been listed on the New York Stock Exchange since 1992, with shareholders including Central Banks and financial institutions from 23 Latin American countries [8]

Group 1 - The investment strategy focuses on long-only investment, evaluating companies from an operational and buy-and-hold perspective [1] - The approach does not prioritize market-driven dynamics or future price action, instead emphasizing long-term earnings power and competitive dynamics [1] - Most recommendations will be holds, indicating a cautious approach to market conditions, with only a small fraction of companies deemed suitable for purchase at any given time [1] Group 2 - The articles aim to provide important information for future investors and introduce skepticism in a generally bullish market [1]