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Banco Latinoamericano de Comercio Exterior, S.A. issues updates on Bladex, a Panama-based multinational bank established by Latin American and Caribbean central banks to promote foreign trade and regional economic integration. The bank provides financial solutions to financial institutions and corporations across the region, with activity centered on trade finance, lending, deposits, letters of credit, commitments, loan syndication and treasury functions.
Recurring updates include IFRS operating results, net interest income, fee and non-interest income, credit-risk and funding trends, quarterly dividends, debt issuance in regional capital markets, annual report filings, shareholder matters and strategy presentations describing the evolution of its trade-finance franchise and transactional banking platform.
Banco Latinoamericano de Comercio Exterior (Bladex) announced the successful closure of a US$101.5 million senior dual-tranche syndicated loan for Inversiones CrediQ Business in Costa Rica and El Salvador. Bladex served as the Sole Lead Arranger and Administrative Agent for this facility, marking its first international syndicated loan for CrediQ. The loan will support CrediQ's loan portfolio growth and refinance existing debts. The transaction involved interest from 10 financial institutions across Central America, the Caribbean, and South America, establishing new banking relationships for CrediQ.
Bladex invites stakeholders to its Fourth Quarter 2021 Earnings Conference Call on February 22, 2022. The event will be led by Jorge Salas, CEO, and Ana Graciela de Méndez, CFO. Earnings results will be disclosed prior to the market opening on the same day, with a live webcast available on Bladex's website. Since its establishment in 1979, Bladex has supported economic integration in Latin America and is listed on the NYSE under the ticker BLX, with a diverse shareholder base.
Banco Latinoamericano de Comercio Exterior (Bladex; NYSE: BLX) announced the closing of a US$127.5 million dual tranche senior unsecured syndicated loan for Forum Servicios Financieros, S.A. This loan comprises a US$78 million 3-year tranche and a US$49.5 million 4-year tranche. The deal, oversubscribed at 1.8x, facilitates Forum's portfolio growth and debt repayment. Established in 1993, Forum serves the auto-financing industry in Chile and has total assets of US$1.8 billion.
On November 29, 2021, Banco Latinoamericano de Comercio Exterior (Bladex) announced its sixth issuance of 'Certificados Bursátiles' (Cebures) amounting to MXN 3 billion. The three-year notes carry a floating-rate coupon of 28-day TIIE plus 19 basis points and were oversubscribed by 2.19 times. The issuance received 'mxAAA' ratings from S&P and 'AAA(mex)' from Fitch. Proceeds will fund new initiatives, particularly in Mexico, reinforcing Bladex's commitment to supporting regional growth. The bank, founded in 1979, is listed on the NYSE under the symbol BLX.
Banco Latinoamericano de Comercio Exterior (BLX) reported a profit of $15.7 million for 3Q21, reflecting a 12% increase from the previous quarter and a 2% rise year-over-year. This growth was driven by a 5% increase in total revenues to $26.8 million, boosted by higher net interest income and significant fee income from transaction-based activities. However, profit for the nine months declined 11% due to lower market rates affecting net interest income and higher operating expenses. The Bank maintains a strong Tier 1 capital ratio of 21.3% and a stable credit quality with NPLs at 0.2%.
Banco Latinoamericano de Comercio Exterior (Bladex) has announced a quarterly cash dividend of US$0.25 per share for the third quarter of 2021. The dividend is payable on November 23, 2021, to shareholders on record as of November 9, 2021. As of September 30, 2021, Bladex had 38,017,486.73 shares outstanding. Established in 1979 by central banks from Latin America and the Caribbean, Bladex is headquartered in Panama and listed on the NYSE under the ticker BLX.
Bladex will announce its Third Quarter and Year-to-Date 2021 Earnings on October 29, 2021, before market opening. The earnings release will be followed by a conference call at 11:00 a.m. Eastern Time, featuring CEO Jorge Salas and CFO Ana Graciela de Méndez. Interested participants can join via U.S. or international dialing options. Bladex, established in 1979 and headquartered in Panama, supports foreign trade among Latin American countries and is listed on the NYSE under ticker BLX.
Bladex has successfully closed a US$100 million senior unsecured syndicated loan facility for Unifin, marking its fourth international facility for the company. The loan, oversubscribed at 2.0x, demonstrates strong demand, exceeding the initial target of US$50 million. Proceeds will support Unifin's corporate purposes and expand its medium-term funding, enhancing its loan portfolio growth. Unifin, a leading independent leasing company in Latin America, holds a market cap of US$700 million and is publicly listed on the BMV.
Banco Latinoamericano de Comercio Exterior (NYSE: BLX) announced its 2Q21 profit of $14.1 million, up 10% QoQ, driven by a 17% increase in revenues. Net Interest Income (NII) rose 11% to $21 million, though down 3% YoY due to lower Libor rates. Total assets reached $6.723 billion, with a stable credit portfolio of $6.531 billion and a credit-impaired loan ratio of 0.2%. The bank maintained a solid Tier 1 Capital Ratio at 23.6%. A quarterly dividend of $0.25 will be paid on August 24, 2021.
Banco Latinoamericano de Comercio Exterior (Bladex) announced a quarterly cash dividend of US$0.25 per share for Q2 2021. This dividend will be paid on August 24, 2021, to stockholders of record by August 9, 2021. As of June 30, 2021, Bladex had approximately 39.36 million shares outstanding. Founded in 1979, Bladex supports foreign trade and economic integration among Latin American and Caribbean countries.