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Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the SEC. Bladex, a multinational bank promoting foreign trade and economic integration in Latin America and the Caribbean, is listed on the NYSE under the ticker symbol BLX. Shareholders include central banks, state-owned entities, commercial banks, and institutional investors. For more information, visit Bladex's website or contact the Chief Investor Relations Officer.
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Bladex announces a quarterly cash dividend of US$0.50 per share for the first quarter of 2024, payable on May 15, 2024, to stockholders as of April 29, 2024. Bladex, a multinational bank focused on promoting foreign trade and economic integration in Latin America and the Caribbean, has been listed on the NYSE since 1992 with shareholders including central banks, state-owned banks, financial institutions, and retail investors.
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Bladex reported a strong performance in 1Q24 with a net profit of $51.3 million, leading to an annualized return on equity of 16.8%. The bank saw increased revenues, lower credit losses, and improved efficiency. Fee income surged by 97% YoY, while the credit portfolio reached a new high of $9,789 million. Liquidity position stood at $1,764 million, and capital adequacy ratios improved. Despite a director resignation, the bank announced a quarterly dividend payment and successful Annual Shareholders' Meeting results.
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Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX) will host a conference call on April 19, 2024, to discuss its 1Q24 results. The call will feature CEO Jorge Salas and CFO Ana Graciela de Méndez. The earnings release will be available on April 18, 2024, after the market closes.
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Bladex (BLX) reports a record-breaking FY2023 with a net income of US$166.2 million, up 81% from the previous year. The annualized return on equity reached 14.7% due to consistent growth. Net interest income surged by 58% to US$233 million. The focus on fee income led to a 64% increase, totaling US$32.5 million. The Board of Directors doubled the quarterly dividend to 50 cents per share, emphasizing shareholder value. Bladex's commercial and loan portfolios grew significantly, with deposits reaching US$4,408 million, up 38% year over year.
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Bladex increases common stock quarterly dividend to US$0.50 per share for the fourth quarter of 2023, payable on March 19, 2024. The bank, founded in 1979 to promote foreign trade, has 36,539,860.73 shares outstanding and operates in multiple countries.
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Bladex, a Panama-based multinational bank, reported strong financial results for 4Q23 and FY23. The Bank achieved a record net profit of $166.2 million in FY23, driven by higher revenues and efficient operations. Key highlights include a 50% YoY increase in net profit for 4Q23, a 58% YoY growth in Net Interest Income, and a 64% YoY increase in fee income. The Bank maintained a healthy asset quality with a low credit risk portfolio and stable liquidity position.
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Bladex announces a $50 million stock repurchase program to return excess capital to shareholders and support future growth.
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Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX) is hosting a conference call to discuss its 4Q23 results, featuring CEO Mr. Jorge Salas and CFO Mrs. Ana Graciela de Méndez. The earnings release will be announced on February 22, 2024, with the conference call scheduled for February 23, 2024, at 10:00 a.m. Eastern Time.
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Banco Latinoamericano de Comercio Exterior (Bladex), listed on the NYSE as BLX, successfully closed a US$368 million A/B Loan Facility under IDB Invest's A/B Loan Structure, and a US$27 million associated Debt Service Reserve Letter of Credit Facility. The A/B Facility, co-led by Bladex, IDB Invest, JP Morgan, and Scotiabank, was 2.2x oversubscribed with US$482.5 million commitments from 22 banks. The transaction will refinance existing debt associated with three operating renewable energy projects and fund the construction of three additional photovoltaic facilities, expected to reach a total capacity of 390 MW by 2024.
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Banco Latinoamericano de Comercio Exterior, S.A
NYSE:BLX
BLX Rankings
BLX Stock Data
1.13B
27.04M
1.75%
31.13%
0.78%
Commercial Banking
Finance and Insurance
United States of America
Panama City
About BLX
el banco latinoamericano de comercio exterior s.a. (bladex) fue originalmente establecido por los bancos centrales de américa latina y el caribe, como una organización multinacional que contribuyera a incrementar la capacidad de financiamiento del comercio exterior en la región. desde el inicio de sus operaciones en 1979 el banco se ha dedicado a servir al mercado latinoamericano y en 1992, bladex se convirtió en la primera institución bancaria de américa latina en ser listada en la bolsa de valores de nueva york y el primer banco de la región en obtener grado de inversión. las ventajas competitivas de bladex surgen de la escala regional de su negocio en latinoamérica, sus productos y experticia en el mercado de financiamiento de la cadena de valor del comercio exterior. nuestros clientes se benefician de un modelo de negocios que facilita la conexión dentro américa latina, y entre ésta y el resto del mundo, así como de un amplio abanico de soluciones financieras. nuestra presencia en