Banco Latinoamericano De Stock Price, News & Analysis

Banco Latinoamericano de Comercio Exterior (BLX) reported its 1Q21 results, showing a profit of $12.8 million, reflecting a 19% decrease QoQ and 30% YoY. Key highlights include a net interest income of $18.9 million, down from $22.3 million in 4Q20. The efficiency ratio increased to 41.6%, with NPLs remaining low at 0.21%. The bank's total assets grew to $6.375 billion, bolstered by a 3% growth in its commercial portfolio. A $60 million stock repurchase program and a maintained dividend of $0.25 per share demonstrate confidence in future recovery amid ongoing challenges.

Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) has announced a quarterly cash dividend of US$0.25 per share for the first quarter of 2021. This dividend will be payable on June 2, 2021 to stockholders recorded as of May 17, 2021. As of March 31, 2021, Bladex had approximately 39.7 million shares outstanding. Bladex, established to promote foreign trade and economic integration in Latin America, has been listed on the NYSE under the symbol BLX since 1992.

Banco Latinoamericano de Comercio Exterior, S.A. (BLX) has authorized a stock repurchase program of up to $60 million. This initiative is designed to enhance shareholder value and demonstrates the bank's commitment to using its capital effectively. The repurchases will occur through open market transactions and other compliant means, subject to market conditions and management's discretion. The program may be terminated at any time, emphasizing its flexibility in response to financial performance and liquidity needs.

Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC. The report contains audited financial statements, accessible through the SEC's website or Bladex's website. Established in 1979, Bladex promotes foreign trade and economic integration in Latin America and the Caribbean. It is listed on the NYSE under the symbol BLX, with shareholders including central and commercial banks from 23 Latin American countries, as well as institutional and retail investors.

Banco Latinoamericano de Comercio Exterior (Bladex) announced the closing of a US$300 million senior secured term loan for Investment Energy Resources Limited (CMI Energía) as part of a US$1.0 billion financial optimization strategy. The loan, guaranteed by CMI Energía's renewable energy projects, aims to strengthen the Company's financial structure. CMI Energía is a leading renewable energy player in Central America, operating over 800MW of assets. This transaction also marks CMI's debut in the green bond market with a concurrent US$700 million issuance.

Banco Latinoamericano de Comercio Exterior (BLX) will announce its First Quarter 2021 Earnings on May 5, 2021.

The announcement will be made before the market opens, with a conference call scheduled for 11:00 a.m. ET. CEO Jorge Salas and CFO Ana Graciela de Méndez will present the results.

Interested parties can join the call by dialing 1-877-271-1828 (U.S.) or 1-334-323-9871 (international), using the passcode 68251167. The event will also be webcast live on the company's website.

Banco Latinoamericano de Comercio Exterior (Bladex) announced a quarterly cash dividend of US$0.25 per share for the fourth quarter of 2020. The dividend is payable on March 10, 2021, to stockholders of record as of February 23, 2021. Bladex had 39,677,940 shares outstanding as of December 31, 2020. Established in 1979, Bladex promotes foreign trade and economic integration in Latin America and the Caribbean and is listed on the NYSE under the ticker BLX.

Banco Latinoamericano de Comercio Exterior (BLX) reported mixed results for 4Q20 and FY20, with net interest income declining by 16% YoY to $92.5 million and total revenues of $99.2 million, down from $126.7 million in 2019. Profit for FY20 decreased 26% to $63.6 million, while 4Q20 profit rose slightly to $15.7 million. The Commercial Portfolio grew 9% QoQ, reaching $5.6 billion, supported by a 18% increase in loan origination. The bank's asset quality improved, with credit-impaired loans falling to 0.22%. A quarterly dividend of $0.25 per share was approved for payment on March 10, 2021.