Banco Latinoamericano De Stock Price, News & Analysis

Bladex (NYSE: BLX) reported strong financial results for Q2 2024, with net profit of $50.1 million (+35% YoY) and earnings per share of $1.36. Key highlights include:

- Annualized ROE of 16.2% (+279 bps YoY)
- Net interest income of $62.8 million (+15% YoY)
- Fee income up 93% YoY to $12.5 million
- Efficiency ratio improved to 24.3%
- Record credit portfolio of $10.3 billion (+13% YoY)
- Commercial portfolio reached $9.2 billion (+13% YoY)
- Healthy asset quality with 95% of portfolio classified as low risk
- Strong capital position with 16.2% Tier 1 ratio

The bank declared a quarterly dividend of $0.50 per share payable on August 20, 2024.

Banco Latinoamericano de Comercio Exterior (Bladex) is expanding its presence in Mexico, a key market representing nearly 15% of the bank's exposure. Bladex has increased its loan portfolio by 45% in the last 18 months and currently disburses almost US$5 billion annually in Mexico. The bank has been operating in Mexico for over 24 years and has been listed on the New York Stock Exchange (BLX) since 1992.

Bladex's growth strategy in Mexico includes expanding its offices, strengthening its commercial team, and developing strategic partnerships. The bank has completed significant transactions, including leading acquisition finance deals and participating in major debt refinancing projects. Bladex aims to continue supporting Mexican companies' growth and regional expansion while also facilitating Latin American clients' entry into the Mexican market.

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX), also known as Bladex, has announced its upcoming conference call to discuss second quarter 2024 results. The call is scheduled for Wednesday, July 24, 2024, at 11:00 a.m. Eastern Time. Key presenters will include Mr. Jorge Salas, CEO, and Mrs. Ana Graciela de Méndez, CFO.

Bladex will release its Q2 2024 earnings on Tuesday, July 23, 2024, after market close. The earnings release and webcast presentation will be available on the bank's corporate website. Interested parties are encouraged to pre-register for the conference call through the provided link.

CGI (TSX: GIB.A) (NYSE: GIB) and Bladex (NYSE: BLX) have announced an agreement to implement the CGI Trade360® trade technology platform. Bladex will be the first Latin American-headquartered bank to adopt this award-winning SaaS platform, which supports trade finance in over 85 countries. The implementation aims to:

1. Improve Bladex's regional and global trade business
2. Optimize letter of credit processing
3. Enhance working capital solutions
4. Increase security and operational transparency

CGI Trade360® supports more than 50 products in traditional trade, payables, receivables, and cash management. This partnership aligns with Bladex's strategy to become a benchmark bank in trade finance solutions in Latin America, offering an improved digital experience for clients, suppliers, and trade operations teams.

Bladex (NYSE: BLX) and CGI (TSX: GIB.A) (NYSE: GIB) have announced a partnership to implement the CGI Trade360 trade technology platform. Bladex will be the first Latin American-headquartered bank to adopt this award-winning SaaS platform, which supports trade finance in over 85 countries. The implementation aims to:

1. Improve Bladex's regional and global trade business
2. Optimize letter of credit processing
3. Enhance working capital solutions, security, and operational transparency

This partnership aligns with Bladex's strategy to remain a technological leader in trade finance solutions for Latin America. The CGI Trade360 platform supports over 50 products in traditional trade, payables, receivables, and cash management, offering a digital experience for bank clients, suppliers, and trade operations teams.

Bladex (NYSE: BLX) announced the successful structuring of a US$665 million syndicated loan for Interceramic, a leading ceramic tile producer. The facility includes a US$600 million 12-month tranche and a US$65 million revolving line for 3 years. The loan will finance share repurchase and delisting from the Mexican Stock Exchange, as well as early repayment of an existing loan. The transaction, oversubscribed by 1.4 times, involved over 12 Mexican and international banks. This marks Bladex's sixth syndicated loan in Mexico, contributing to over 78 structured transactions in Latin America.

Bladex, a multinational bank listed on the NYSE (BLX), announced the successful syndication of a US$100 million three-year senior unsecured facility for Banco Promerica, S.A., a subsidiary of Promerica Financial This facility is the largest international syndicated arrangement for Banco Promerica Guatemala and involves 13 financial institutions, with 11 being new banking relationships. The proceeds will support loan portfolio growth and refinance short-term debt. Bladex acted as the Sole Lead Arranger, Bookrunner, and Administrative Agent. This is the fourth syndicated facility for Promerica Financial

Banco Latinoamericano de Comercio Exterior (Bladex) has successfully closed a US$100 million senior unsecured syndicated term loan facility for Forum Servicios Financieros (Forum), a leading auto-financing company in Chile. Bladex served as the Sole Lead Arranger and Bookrunner, and will act as the Administrative Agent for the facility, which has a maturity of up to three years. The loan proceeds will be used for repayment of existing indebtedness. This marks the second international syndicated loan that Bladex has arranged for Forum. The transaction attracted commitments from financial institutions in multiple regions including Central and South America, the Caribbean, Asia, and the United States, forging new banking relationships for Forum.

On May 23, 2024, Banco Latinoamericano de Comercio Exterior (Bladex) announced the successful closing of a $500 million Club Deal Long Term Facility for Grupo De Inversiones Suramericana, S.A. Bladex, acting as Joint Lead Arranger with BBVA, Itaú, Banco General, and Citibank, facilitated this landmark transaction in Colombia. The funds will be used to finance Grupo Sura's Public Tender Offer (OPA) to acquire the remaining shares of Grupo Nutresa and cover related expenses. This deal highlights Bladex's strategic partnership with Grupo Sura and its commitment to the Colombian market. Bladex has a long history of facilitating such transactions, with over 74 syndicated/Club deals arranged in Latin America.