BLADEX ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION

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Bladex announced that Ana Graciela de Mendez, Executive Vice President and Chief Financial Officer, will step down from her position in April 2025 after 34 years with the bank. Annette van Hoorde, currently Senior Vice President of Funding and Asset-Liability Management, has been selected as the new CFO following an extensive worldwide search. The transition will be managed over the coming months to ensure continuity in operations.

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're grateful for Ana Graciela's commitment and exceptional contributions, which have been instrumental to the growth and success of Bladex over the decades. Her leadership and tireless work have left an indelible mark on our organization", said Jorge Salas, Chief Executive Officer of Bladex.

"After an extensive worldwide search with a top executive search firm to find a successor, where both internal and external candidates were evaluated, I'm pleased to announce that Annette van Hoorde, who currently serves as Senior Vice President of Funding and Asset-Liability Management of the Bank, has been selected to assume the role of CFO of Bladex." Mr. Salas added.

Mrs. Mendez said, "I'm thankful for having had the opportunity to contribute to the growth of Bladex and to work alongside such talented and dedicated colleagues. I also want to express my full support for Annette in her new position. Annette is a brilliant dedicated professional, who I fully trust to take on the role and continue building on the foundations we have worked on over the years. I know that she, along with the entire team, will take Bladex to a new level."

About Annette van Hoorde

Annette van Hoorde joined Bladex in August 2005, having served in different capacities throughout the years. In 2010, she became a member of the Treasury team as Assistant Vice President and was promoted to Senior Vice President of Funding and Asset-Liability Management of the Bank's Treasury and Capital Markets Department in January of 2019.

Mrs. van Hoorde holds a Bachelor of Engineering (B.E.) degree in Industrial and Systems Engineering from Viginia Tech and has acquired vast experience in the financial sector, having previously worked at other leading financial institutions.

About Bladex

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, the United States of America, and a Representative License in Peru, supporting the regional expansion and servicing of its customer base, which includes financial institutions and corporations.

Bladex has been listed on the NYSE in the United States of America (NYSE: BLX), since 1992, and its shareholders include central banks and state-owned banks and entities representing 23 Latin American countries, commercial banks and financial institutions, and institutional and retail investors through its public listing.

For further information on Bladex, please access its website at www.bladex.com or contact:

Carlos Daniel Raad – Chief Investor Relations Officer 
E-mail address: craad@bladex.com / ir@bladex.com. Tel.: (+507) 366-4925 ext. 7925
Head Office Address: Torre V, Business Park, Ave. La Rotonda, Urb. Costa del Este, Panama, Republic of Panama

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SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)

FAQ

When will Bladex CFO Ana Graciela de Mendez step down from her position?

Ana Graciela de Mendez will step down from her position as Bladex CFO in April 2025.

Who will be the new CFO of Bladex (BLX)?

Annette van Hoorde, currently Senior Vice President of Funding and Asset-Liability Management, will become the new CFO of Bladex.

How long did Ana Graciela de Mendez serve at Bladex?

Ana Graciela de Mendez served at Bladex for 34 years.