Banco Latinoamericano De - BLX STOCK NEWS

Banco Latinoamericano de Comercio Exterior (Bladex, NYSE: BLX) announced the successful closing of a US$300 million three-year global syndicated loan, marking the largest facility ever secured by the bank. Joint Lead Arrangers included Sumitomo Mitsui Banking Corporation and Wells Fargo Bank, with participation from various financial institutions worldwide. CEO Jorge Salas noted strong investor demand amid market volatility, emphasizing the loan's purpose to support trade and growth in member countries. Established in 1979, Bladex operates across multiple regions, enhancing foreign trade finance.

Banco Latinoamericano de Comercio Exterior (Bladex) announced a quarterly cash dividend of US$0.25 per share for the fourth quarter of 2021, approved by the Board of Directors. This dividend will be payable on March 22, 2022, to stockholders on record as of March 7, 2022. As of December 31, 2021, Bladex had 36,231,145.73 shares outstanding. Established in 1979, Bladex supports foreign trade in Latin America and is listed on the NYSE under the symbol BLX.

Banco Latinoamericano de Comercio Exterior (BLX) reported a 28% QoQ and 27% YoY increase in profit for 4Q21, totaling $20.1 million. Net Interest Income (NII) rose to $24.8 million, while FY21 profit was nearly stable at $62.7 million (-1% YoY). Fee income surged 76% YoY to $18.3 million, driven by transaction-based activities. The Credit Portfolio grew 24% YoY to $7.4 billion. Despite challenges from lower market rates and increased credit provisions, asset quality remained strong with non-performing loans at 0.2%. The Bank's liquidity stood at $1.4 billion as of December 31, 2021.

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.