[6-K] FOREIGN TRADE BANK OF LATIN AMERICA, INC. Current Report (Foreign Issuer)

Rhea-AI Filing Summary

Bladex (BLX) reported solid results, with net profit of $55.0 million in 3Q25 and $170.9 million in 9M25, equal to EPS of $1.48 and $4.60. ROE was 14.9% in 3Q25 and 16.2% for 9M25, reflecting steady earnings and a stronger capital base following its inaugural $200 million AT1 issuance.

Top-line trends were resilient: NII reached $67.4 million (up 1% YoY) with NIM at 2.32%, while fee income rose to $14.1 million (up 34% YoY). The efficiency ratio was 25.8%. The Credit Portfolio hit a record $12,286 million (up 13% YoY); deposits climbed to $6,836 million (up 21% YoY). Liquidity stood at $1,934 million, or 15.5% of total assets.

Asset quality remained healthy with 97.2% of credits in Stage 1 and impaired credits at 0.2% of the Credit Portfolio with 5.4x coverage. Capital ratios improved, with Tier 1 (Basel III IRB) at 18.1% and the regulatory Capital Adequacy Ratio at 15.8%. The board approved a quarterly dividend of $0.625 per share, payable on November 25, 2025 to holders of record on November 10, 2025.

Insights

Banking equity analyst

Earnings rose YoY, capital strengthened by AT1; margins compressed.

Bladex delivered profit of $55.0 million in 3Q25 and $170.9 million in 9M25, with ROE of 14.9% and 16.2%. Revenue drivers were balanced: NII of $67.4 million and net fees of $14.1 million. NIM at 2.32% reflects lower USD rates and abundant liquidity pressuring spreads.

Balance sheet trends remained supportive. The Credit Portfolio reached $12,286 million and deposits $6,836 million. Asset quality stayed strong, with Stage 1 at 97.2% and impaired credits at 0.2% of the Credit Portfolio, covered 5.4x.

Capital metrics improved after the $200 million AT1 priced at a 7.50% coupon, lifting Tier 1 to 18.1% and the regulatory CAR to 15.8%. A quarterly dividend of $0.625 per share was approved for payment on November 25, 2025.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

For the month of October, 2025

Commission File Number 1-11414

BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.

(Exact name of Registrant as specified in its Charter)

FOREIGN TRADE BANK OF LATIN AMERICA, INC.

(Translation of Registrant’s name into English)

Business Park Torre V, Ave. La Rotonda, Costa del Este

P.O. Box 0819-08730

Panama City, Republic of Panama

(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F o

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

						FOREIGN TRADE BANK OF LATIN AMERICA, INC.
						(Registrant)
Date:  October 30, 2025			By:			/s/ Annette van Hoorde de Solís
			Name:			Annette van Hoorde de Solís
			Title:			Chief Financial Officer

BLADEX ANNOUNCES NET PROFITS OF $55.0 MILLION OR $1.48 PER SHARE IN 3Q25 AND $170.9 MILLION OR $4.60 PER SHARE IN 9M25

PANAMA CITY, REPUBLIC OF PANAMA, OCTOBER 28, 2025

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX, “Bladex”, or “the Bank”), a Panama-based multinational bank originally established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade and economic integration in the Region, announced today its results for the Third Quarter (“3Q25”) and nine months (“9M25”) ended September 30, 2025.

The consolidated financial information in this document has been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).

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FINANCIAL & BUSINESS HIGHLIGHTS

•Solid profitability, with Net Profits reaching $55.0 million in 3Q25 (+4% YoY) and $170.9 million in 9M25 (+11% YoY), fostered by a diversified and recurring earnings base delivering strong top-line revenues, overcompensating higher provisions for credit losses.

•Annualized Return on Equity (“ROE”) totaled 14.9% in 3Q25 (-143bps YoY) and 16.2% in 9M25 (-20bps YoY), as the Bank steadily improved its earnings while further strengthening its capital position, most recently on the back of the successful launch of its inaugural $200 million Additional Tier 1 (“AT1”) issuance registered as other equity instruments. Excluding the overall effects of the AT1 issuance, the adjusted ROE stood at 15.1% for the 3Q25 and 16.3% for the 9M25.

•Net Interest Income (“NII”) totaled $67.4 million in 3Q25 (+1% YoY) and $200.4 million in 9M25 (+4% YoY), mainly driven by higher average business volumes. Net Interest Margin (“NIM”) stood at 2.32% for 3Q25 (-23bps YoY) and 2.35% for 9M25 (-14bps YoY), in the face of the gradual impact of lower market-based rates and increased USD market liquidity driving competitive pricing and margin compression.

•Strong Fee Income at $14.1 million for 3Q25 (+34% YoY) and $44.5 million for 9M25 (+37% YoY), driven by solid performance in all business lines, highlighted by strong growth on letters of credit and credit commitments.

•Well-managed Efficiency Ratio of 25.8% for 3Q25 and 25.2% in 9M25, as revenue growth overcompensated ongoing investments in technology, modernization and other business initiatives related to the Bank’s strategy execution.

•Credit Portfolio reached new all-time high at $12,286 million as of September 30, 2025 (+13% YoY), resulting from:

◦Commercial Portfolio EoP balances reaching an historic peak of $10,872 million at the end of 3Q25 (+12% YoY), supported by steady credit demand across all business products.

◦Investment Portfolio amounted to $1,414 million (+18% YoY), mostly consisting of investment-grade securities outside of Latin America held at amortized cost, further enhancing country and credit-risk diversification and providing contingent liquidity funding.

•Healthy asset quality, with most of the credit portfolio (97.2%) remaining low risk or Stage 1 at the end of 3Q25. Impaired credits or Stage 3 principal balance totaled $19 million or 0.2% of total Credit Portfolio, with a robust reserve coverage of 5.4x.

•Steady growth and diversified deposit base, reaching $6,836 million at the end of 3Q25 (+21% YoY), representing a new all-time high, and 66% of the Bank’s total funding sources (+7pp YoY). The Bank also counts on ample and constant access to interbank and debt capital markets, denoted by the $4 billion MXN bond issued in July in the Mexican capital market.

•Strong Liquidity position at $1,934 million, or 15.5% of total assets as of September 30, 2025, mostly consisting of deposits placed with the Federal Reserve Bank of New York (95%).

•The Bank´s Tier 1 Basel III Capital and Regulatory Capital Adequacy Ratios improved to 18.1% and 15.8% at the end of 3Q25, respectively, both well above internal targets and regulatory minimum, enhanced by strong earnings generation and the successful execution of its inaugural AT1 issuance.

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FINANCIAL SNAPSHOT

(US$ million, except percentages and per share amounts)						3Q25						2Q25						3Q24						9M25						9M24
Key Income Statement Highlights
Net Interest Income ("NII")						$	67.4					$	67.7					$	66.6					$	200.4					$	192.3
Fees and commissions, net						$	14.1					$	19.9					$	10.5					$	44.5					$	32.5
Gain on financial instruments, net						$	0.9					$	2.2					$	0.3					$	5.0					$	0.1
Other income, net						$	0.4					$	0.2					$	0.1					$	0.8					$	0.3
Total revenues						$	82.8					$	90.0					$	77.6					$	250.8					$	225.2
Provision for credit losses						$	(6.5)					$	(5.0)					$	(3.5)					$	(16.7)					$	(13.3)
Operating expenses						$	(21.3)					$	(20.8)					$	(21.0)					$	(63.2)					$	(57.6)
Profit for the period						$	55.0					$	64.2					$	53.0					$	170.9					$	154.4
Profitability Ratios
Earnings per Share ("EPS") (1)						$	1.48					$	1.73					$	1.44					$	4.60					$	4.20
Return on Average Equity (“ROE”) (2)						14.9		%				18.5		%				16.4		%				16.2		%				16.4		%
Adjusted ROE excluding other equity instruments (3)						15.1		%				18.5		%				16.4		%				16.3		%				16.4		%
Return on Average Assets (ROA) (4)						1.8		%				2.1		%				1.9		%				1.9		%				1.9		%
Net Interest Margin ("NIM") (5)						2.32		%				2.36		%				2.55		%				2.35		%				2.49		%
Net Interest Spread ("NIS") (6)						1.64		%				1.70		%				1.78		%				1.66		%				1.77		%
Efficiency Ratio (7)						25.8		%				23.1		%				27.1		%				25.2		%				25.6		%
Assets, Capital, Liquidity & Credit Quality
Credit Portfolio (8)						$	12,286					$	12,182					$	10,875					$	12,286					$	10,875
Commercial Portfolio (9)						$	10,872					$	10,819					$	9,673					$	10,872					$	9,673
Investment Portfolio						$	1,414					$	1,363					$	1,202					$	1,414					$	1,202
Total assets						$	12,498					$	12,674					$	11,412					$	12,498					$	11,412
Total equity						$	1,646					$	1,415					$	1,310					$	1,646					$	1,310
Market capitalization (10)						$	1,712					$	1,500					$	1,195					$	1,712					$	1,195
Tier 1 Capital to Risk-Weighted Assets (Basel III – IRB) (11)						18.1		%				15.0		%				16.0		%				18.1		%				16.0		%
Capital Adequacy Ratio (Regulatory) (12)						15.8		%				13.9		%				13.7		%				15.8		%				13.7		%
Total Assets / Total Equity (times)						7.6						9.0						8.7						7.6						8.7
Liquid Assets / Total Assets (13)						15.5		%				15.5		%				15.0		%				15.5		%				15.0		%
Credit-impaired loans to Loan Portfolio (14)						0.2		%				0.2		%				0.2		%				0.2		%				0.2		%
Impaired credits (15) to Credit Portfolio						0.2		%				0.2		%				0.2		%				0.2		%				0.2		%
Total Allowance for Losses to Credit Portfolio (16)						0.8		%				0.8		%				0.7		%				0.8		%				0.7		%
Total Allowance for Losses to Impaired credits (times) (16)						5.4						5.1						4.7						5.4						4.7

RESULTS BY BUSINESS SEGMENT

Bladex’s activities are comprised of two business segments, Commercial and Treasury. Information related to each segment is set out below. Business segment reporting is based on the Bank’s managerial accounting process, which assigns assets, liabilities, revenue, and expense items to each business segment on a systemic basis.

COMMERCIAL BUSINESS SEGMENT

The Commercial Business Segment encompasses the Bank’s core business of financial intermediation and fee generation activities developed to cater to corporations, financial institutions, and investors in Latin America. These activities include the origination of bilateral short-term and medium-term loans, structured and syndicated credits, loan commitments, and financial guarantee contracts such as issued and confirmed letters of credit, stand-by letters of credit, guarantees covering commercial risk, and other assets consisting of customers’ liabilities under acceptances.

The majority of the Bank’s core financial intermediation business, consisting of loans – principal balance (or the “Loan Portfolio”), amounted to $8,748 million at the end of 3Q25, representing an increase of 2% QoQ and 8% YoY, as the Bank experienced steady credit demand, even in the context of ample market liquidity and tighter spreads. In addition, contingencies and acceptances amounted to $2,124 million at the end of 3Q25 (-4% QoQ; +33% YoY), reflecting sustained commercial activity across the Region and solid demand in letters of credit, guarantees and credit commitments.

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Consequently, the Bank’s Commercial Portfolio reached an all-time high of $10,872 million at the end of 3Q25, a slight increase from $10,819 million in the prior quarter and increasing 12% from $9,673 million a year ago. In addition, the average Commercial Portfolio balance totaled $10,596 million in 3Q25 (stable QoQ and +16% YoY) and $10,469 million in 9M25 (+18% YoY).

As of September 30, 2025, 68% of the Commercial Portfolio was scheduled to mature within a year and trade finance transactions accounted for 63% of the Bank’s short-term original book.

Weighted average lending rates stood at 7.34% in 3Q25 (-8bps QoQ; -110bps YoY) and 7.43% in 9M25 (-106bps YoY), reflecting the continued effect of lower USD market-based interest rates and ample market liquidity driving competitive pricing.

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Bladex maintains well-diversified exposures across countries and industries. At the end of 3Q25, Guatemala and Brazil represent the largest country-risk exposure of the total Commercial Portfolio at 13% each, followed by Mexico at 12%, Dominican Republic at 9% and exposure to top-rated countries outside of Latin America at 8%, which relates to transactions carried out in the Region. As of September 30, 2025, 38% of the Commercial Portfolio was geographically distributed in investment grade countries.

Exposure to the Bank’s traditional client base comprising financial institutions represented 27% of the total, while sovereign and state-owned corporations accounted for another 11%. Exposure to corporates accounted for the remainder 62% of the Commercial Portfolio, comprised of top-tier clients well diversified across sectors, with the most significant exposures in Electric Power at 9%, Oil & Gas (Integrated) and Food and Beverage at 8% each, Oil & Gas (Downstream) at 6% and Mining at 5% of the Commercial Portfolio at the end of 3Q25.

Refer to Exhibit IX for additional information related to the Bank’s Commercial Portfolio distribution by country.

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Commercial Segment Profitability

Profits from the Commercial Business Segment include: (i) net interest income from loans; (ii) fees and commissions from the issuance, confirmation and negotiation of letters of credit, guarantees and loan commitments, as well as through loan structuring and syndication activities; (iii) gain on sale of loans generated through loan intermediation activities, such as sales and distribution in the primary market; (iv) gain (loss) on sale of loans measured at FVTPL; (v) reversal (provision) for credit losses; and (vi) direct and allocated operating expenses.

(US$ million)						3Q25						2Q25						3Q24						QoQ (%)						YoY (%)						9M25						9M24						YoY (%)
Commercial Business Segment:
Net interest income						$	60.0					$	59.7					$	59.2					1		%				1		%				$	178.7					$	171.5					4		%
Other income						15.3						21.5						10.8						-29		%				41		%				47.7						33.3						43		%
Total revenues						75.3						81.2						70.1						-7		%				7		%				226.4						204.8						11		%
Provision for credit losses						(6.5)						(5.2)						(3.4)						-25		%				-93		%				(16.8)						(13.7)						-22		%
Operating expenses						(16.8)						(16.3)						(16.9)						-3		%				1		%				(50.0)						(46.2)						-8		%
Profit for the segment						$	52.0					$	59.7					$	49.8					-13		%				4		%				$	159.6					$	145.0					10		%

Commercial Segment Profit totaled $52.0 million in 3Q25 (-13% QoQ and +4% YoY) and $159.6 million in 9M25 (+10% YoY). The YoY increases were mostly driven by increased top line performance in NII coupled with strengthened fee income generation, offsetting the effects of higher provision for credit losses and operating expenses. The 13% QoQ decrease was mainly due to the record-level fee income highlighted by the Bank’s largest ever structured transaction accounted in the second quarter 2025.

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TREASURY BUSINESS SEGMENT

The Treasury Business Segment manages the Bank’s investment portfolio and overall asset and liability structure to enhance funding efficiency and liquidity, mitigating the traditional financial risks associated with the balance sheet, such as interest rate, liquidity, price, and currency risks. Interest-earning assets managed by the Treasury Business Segment include liquidity positions in cash and cash equivalents, as well as highly liquid corporate debt securities rated ‘A-‘ or above, and financial instruments related to investment management activities, consisting of the principal balances of securities at fair value through other comprehensive income (“FVOCI”) and securities at amortized cost (the “Investment Portfolio”). The Treasury Business Segment also manages the Bank’s interest-bearing liabilities, consisting of deposits, securities sold under repurchased agreements, borrowed funds and floating and fixed rate debt placements.

Liquidity

The Bank’s liquid assets, mostly consisting of cash and due from banks, totaled $1,934 million as of September 30, 2025, compared to $1,959 million as of June 30, 2025, and $1,708 million as of September 30, 2024, highlighting the Bank’s proactive and prudent liquidity management approach in response to higher interest-bearing assets, also conforming with Basel methodology’s liquidity coverage ratio, as required by Panamanian banking regulator. At the end of those periods, liquidity balances to total assets represented 15.5%, 15.5% and 15.0%, respectively, while the liquidity balances to total deposits ratio was 28%, 30% and 30%, respectively. As of September 30, 2025, 95% of total liquid assets represented deposits placed with the Federal Reserve Bank of New York (“FED”), and 2% of total liquid assets represented deposits placed with highly rated U.S. banks.

Investment Portfolio

The Investment Portfolio, focused on further diversifying credit-risk exposures and providing contingent liquidity funding, amounted to $1,414 million in principal amount as of September 30, 2025, up 4% from the previous quarter and up 18% from a year ago. As of September 30, 2025, 88% of the Investment Portfolio consists of investment-grade credit securities eligible for the FED discount window, and $49 million consists of highly rated corporate debt securities (‘A-‘ or above) classified as high quality liquid assets (“HQLA”) in accordance with the specifications of the Basel Committee. Refer to Exhibit X for a per-country risk distribution of the Investment Portfolio.

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Funding

The Bank’s principal sources of funds are deposits, borrowed funds and floating and fixed rate debt placements. As of September 30, 2025, total net funding amounted to $10,372 million, a 0.5% decrease compared to $10,423 million a quarter ago, and a 9% increase compared to $9,556 million a year ago, as the Bank continues to expand its deposit base and diversify its funding base aligned with the ongoing commercial strategic initiatives.

The Bank obtains deposits from central banks, as well as from multilaterals, commercial banks and corporations primarily located in the Region. Total deposits amounted to $6,836 million at the end of 3Q25 (+6% QoQ and +21% YoY), representing a new all-time high, and 66% of total funding sources, compared to 62% and 59% a quarter and year ago, respectively, supported by effective cross-selling efforts, highlighting the change in the funding structure towards increased reliance in deposits.

As of September 30, 2025, the Bank’s Yankee CD program totaled $1,171 million, or 11% of total funding sources, providing granularity and complementing the short-term funding structure and long-standing support from the Bank’s Class A shareholders (i.e.: central banks and their designees), which represented 32% of total deposits at the end of 3Q25.

Funding through short and medium-term borrowings and debt, net decreased 10% QoQ and 5% YoY to $3,397 million at the end of 3Q25. The Bank’s ample and constant access to interbank and debt capital markets is clearly evidenced through public debt issuances in Mexico and Panama, coupled with private debt issuances placed in different markets primarily in Asia, Europe, the United States and Latin America. Funding through securities sold under repurchase agreements (“Repos”) reached $139 million at the end of 3Q25 (-29% QoQ; -60% YoY).

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The Bank's funding sources are well diversified across geographies and currencies. In addition, the Bank has no significant foreign exchange risk, nor does it hold material open foreign exchange positions. Funding obtained in other currencies is hedged with derivatives to avoid any currency mismatch.

Weighted average funding costs resulted in 4.94% in 3Q25 (-5bps QoQ; -77bps YoY) and 5.01% in 9M25 (-69bps YoY), reflecting the effect of lower USD market-based interest rates.

Treasury Segment Profitability

Profits from the Treasury Business Segment include net interest income derived from the above-mentioned Treasury assets and liabilities, and related net other income (net results from derivative financial instruments and foreign currency exchange, gain (loss) per financial instruments at fair value through profit or loss (“FVTPL”), gain (loss) on sale of securities at FVOCI, and other income), recovery or impairment loss on financial instruments, and direct and allocated operating expenses.

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(US$ million)						3Q25						2Q25						3Q24						QoQ (%)						YoY (%)						9M25						9M24						YoY (%)
Treasury Business Segment:
Net interest income						$	7.4					$	8.1					$	7.4					-8		%				1		%				$	21.7					$	20.7					5		%
Other income (expense)						0.1						0.8						0.1						-91		%				-46		%				2.7						(0.3)						907		%
Total revenues						7.5						8.9						7.5						-15		%				0		%				24.4						20.4						20		%
Reversal of (provision for) credit losses						0.0						0.2						(0.2)						-92		%				107		%				0.0						0.4						-92		%
Operating expenses						(4.5)						(4.6)						(4.1)						1		%				-11		%				(13.2)						(11.4)						-16		%
Profit for the segment						$	3.0					$	4.5					$	3.2					-33		%				-8		%				$	11.3					$	9.4					20		%

The Treasury Business Segment recorded a $3.0 million profit for 3Q25 and $11.3 million profit for 9M25. The 33% quarterly decrease was mainly associated with lower NII and other income from the effectiveness of the derivatives positions. The year-to-date 20% YoY increase was primarily driven by the efficient cost of funds and liquidity management, coupled with positive other income results in 9M25, offsetting increased operating expenses.

NET INTEREST INCOME AND MARGINS

(US$ million, except percentages)						3Q25						2Q25						3Q24						QoQ (%)						YoY (%)						9M25						9M24						YoY (%)
Net Interest Income
Interest income						$	193.7					$	194.4					$	198.7					0		%				-3		%				$	577.5					$	587.6					-2		%
Interest expense						(126.3)						(126.7)						(132.1)						0		%				-4		%				(377.1)						(395.4)						-5		%
Net Interest Income ("NII")						$	67.4					$	67.7					$	66.6					0		%				1		%				$	200.4					$	192.3					4		%
Net Interest Spread ("NIS")						1.64		%				1.70		%				1.78		%																1.66		%				1.77		%
Net Interest Margin ("NIM")						2.32		%				2.36		%				2.55		%																2.35		%				2.49		%

NII remained stable QoQ and increased 1% YoY to $67.4 million in 3Q25. For the nine months ended September 30, 2025, NII increased 4% to $200.4 million. Solid NII levels continue to be supported by a steady increase in average business volumes and disciplined pricing, together with a higher deposit base allowing for an efficient cost of funds, partly offset by the impact of margin compression from high USD market liquidity and the gradual impact of lower reference rates. As a result, NIM stood at 2.32% in 3Q25 and at 2.35% for 9M25.

FEES AND COMMISSIONS

Fees and Commissions, net, include revenues associated with the letter of credit business and guarantees, credit commitments, loan structuring and syndication, loan intermediation and distribution in the primary market, and other commissions, net of fee and commission expenses.

(US$ million)						3Q25						2Q25						3Q24						QoQ (%)						YoY (%)						9M25						9M24						YoY (%)
Letters of credit and guarantees						8.9						7.8						7.1						13		%				25		%				23.4						19.6						19		%
Structuring services						1.9						10.0						1.5						-81		%				29		%				14.3						6.5						120		%
Credit commitments						4.0						2.8						2.1						41		%				85		%				8.2						6.1						33		%
Other fees and commissions income						0.2						0.1						0.1						149		%				175		%				0.8						1.0						-20		%
Total fee and commission income						15.0						20.7						10.8						-28		%				39		%				46.6						33.2						40		%
Fees and commission expenses						(0.9)						(0.8)						(0.3)						-13		%				-217		%				-2.1						-0.7						-201		%
Fees and Commissions, net						$	14.1					$	19.9					$	10.5					-29		%				34		%				$	44.5					$	32.5					37		%

Fees and Commissions, net, reached $14.1 million in 3Q25 (-29% QoQ; +34% YoY), and totaled $44.5 million in 9M25 (+37% YoY). The YoY increases were driven by solid performance in all business lines, highlighted by strong growth in the Bank’s off-balance sheet business (letters of credit and commitments) driven by the effective strategic execution,

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increased transactionality and strong cross-selling initiatives. The 29% QoQ decrease was mainly due to the record-level fee income highlighted by the Bank’s largest ever structured transaction accounted in the second quarter 2025.

PORTFOLIO QUALITY AND TOTAL ALLOWANCE FOR CREDIT LOSSES

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(US$ million, except percentages)						3Q25						2Q25						1Q25						4Q24						3Q24						9M25						9M24
Allowance for loan losses
Balance at beginning of the period						$	81.9					$	77.3					$	78.2					$	71.9					$	63.3					$	78.2					$	59.4
Provisions (reversals)						$	5.1					$	4.6					$	(0.9)					$	6.3					$	7.5					$	8.8					$	11.3
Recoveries (write-offs)						$	0.0					$	0.0					$	0.0					$	0.0					$	1.1					$	0.0					$	1.1
End of period balance						$	87.0					$	81.9					$	77.3					$	78.2					$	71.9					$	87.0					$	71.9
Allowance for loan commitments and financial guarantee contract losses
Balance at beginning of the period						$	11.9					$	11.3					$	5.4					$	7.4					$	11.5					$	5.4					$	5.1
Provisions (reversals)						$	1.4					$	0.5					$	6.0					$	(2.0)					$	(4.1)					$	7.9					$	2.3
End of period balance						$	13.3					$	11.9					$	11.3					$	5.4					$	7.4					$	13.3					$	7.4
Allowance for Investment Portfolio losses
Balance at beginning of the period						$	1.2					$	1.2					$	1.3					$	1.5					$	1.4					$	1.3					$	1.6
Provisions (reversals)						$	0.0					$	0.0					$	(0.1)					$	(0.2)					$	0.2					$	(0.1)					$	(0.4)
Recoveries (write-offs)						0.0						$	0.0					$	0.0					$	0.0					$	0.0					$	0.0					$	0.3
End of period balance						$	1.2					$	1.2					$	1.2					$	1.3					$	1.5					$	1.2					$	1.5
Total allowance for Credit Portfolio losses						$	101.5					$	95.0					$	89.8					$	84.9					$	80.8					$	101.5					$	80.8
Allowance for cash and due from banks losses						$	0.1					$	0.0					$	0.2					$	0.0					$	0.0					$	0.1					$	0.0
Total allowance for losses						$	101.5					$	95.1					$	90.0					$	84.9					$	80.8					$	101.5					$	80.8
(at the end of each period)
Total allowance for losses to Credit Portfolio						0.8		%				0.8		%				0.8		%				0.8		%				0.7		%				0.8		%				0.7		%
Credit-impaired loans to Loan Portfolio						0.2		%				0.2		%				0.2		%				0.2		%				0.2		%				0.2		%				0.2		%
Impaired Credits to Credit Portfolio						0.2		%				0.2		%				0.1		%				0.2		%				0.2		%				0.2		%				0.2		%
Total allowance for losses to impaired credits (times)						5.4						5.1						5.3						5.0						4.7						5.4						4.7
Stage 1 Exposure (low risk) to Total Credit Portfolio						97.2		%				97.9		%				97.9		%				96.4		%				95.7		%				97.2		%				95.7		%
Stage 2 Exposure (increased risk) to Total Credit Portfolio						2.6		%				2.0		%				2.0		%				3.5		%				4.1		%				2.6		%				4.1		%
Stage 3 Exposure (credit impaired) to Total Credit Portfolio						0.2		%				0.2		%				0.1		%				0.2		%				0.2		%				0.2		%				0.2		%

13

As of September 30, 2025, the total allowance for losses stood at $101.5 million, compared to $95.1 million the previous quarter, and $80.8 million a year ago. The $6.5 million provision for credit losses in 3Q25 was mainly associated with a single client exposure classified at Stage 2 with increased risk since origination. Allowances for losses associated with the Credit Portfolio represented a coverage ratio of 0.8% at the end of 3Q25.

As of September 30, 2025, the principal balance of impaired credits (Stage 3) remained unchanged at $18.7 million, or 0.2% of total Credit Portfolio, with ample reserve coverage, compared to $18.7 million in the previous quarter and $17.0 million a year ago. Total allowance for credit losses to impaired credits resulted in 5.4 times. Credits categorized as Stage 1 or low-risk credits under IFRS 9 accounted for 97.2% of total credits, while Stage 2 credits represented 2.6% of total credits.

OPERATING EXPENSES AND EFFICIENCY

(US$ million, except percentages)						3Q25						2Q25						3Q24						QoQ (%)						YoY (%)						9M25						9M24						YoY (%)
Operating expenses
Salaries and other employee expenses						13.2						12.4						14.2						7		%				-7		%				39.5						37.6						5		%
Depreciation and amortization of equipment, leases and leasehold improvements						0.7						0.7						0.6						-3		%				14		%				2.1						1.8						17		%
Amortization of intangible assets						0.4						0.3						0.3						2		%				27		%				1.0						0.8						37		%
Other expenses						7.1						7.4						6.0						-4		%				19		%				20.5						17.4						18		%
Total Operating Expenses						$	21.3					$	20.8					$	21.0					2		%				1		%				$	63.2					$	57.6					10		%
Efficiency Ratio						25.8		%				23.1		%				27.1		%																25.2		%				25.6		%

Operating expenses totaled $21.3 million in 3Q25 (+2% QoQ; +1% YoY) and $63.2 million in 9M25 (+10% YoY). The increases continue to be related to higher personnel expenses stemming from compensation adjustments, new hires supporting strategic projects and other expenses aimed at enhancing business volumes, modernization and strengthening the Bank’s strategy execution capabilities.

The Efficiency Ratio totaled 25.8% in 3Q25, compared to 23.1% in 2Q25 and 27.1% in 3Q24, on the back of total revenues overcompensating higher operating expenses. For the nine months ended September 30, 2025, the Efficiency Ratio slightly improved to 25.2%, compared to 25.6% a year ago, reflecting the consistent disciplined approach to cost management.

14

CAPITAL RATIOS AND CAPITAL MANAGEMENT

The following table shows capital amounts and ratios as of the dates indicated:

(US$ million, except percentages and shares outstanding)						30-Sep-25						30-Jun-25						30-Sep-24						QoQ (%)						YoY (%)
Total equity						$	1,646					$	1,415					$	1,310					16		%				26		%
Total assets / Total equity (times)						7.6						9.0						8.7						-15		%				-13		%
Shares outstanding (in thousand)						37,231						37,231						36,787						0		%				1		%
Basel III International Framework (11)
Risk-Weighted Assets (Basel III – IRB)						$	9,078					$	9,433					$	8,193					-4		%				11		%
Tier 1 capital to risk weighted assets (Basel III – IRB)						18.1		%				15.0		%				16.0		%				21		%				13		%
Panama's Banking Regulation (12)
Risk-Weighted Assets						$	10,387					$	10,156					$	9,572					2		%				9		%
Ordinary Common Tier 1 Capital Ratio						12.5		%				12.5		%				12.2		%				0		%				2		%
Total Common Tier 1 Capital Ratio						14.4		%				12.5		%				12.2		%				15		%				18		%
Capital Adequacy Ratio						15.8		%				13.9		%				13.7		%				13		%				15		%

The Bank’s equity mainly consists of issued and fully paid ordinary common stock, with 37.2 million common shares outstanding as of September 30, 2025. In addition, the Bank’s capital position considers the US$200 million inaugural Additional Tier 1 (AT1) capital executed at the end of September 2025, registered in the Bank’s statement of financial position as other equity instruments, net of transaction costs.

As of September 30, 2025, the Tier 1 Basel III Capital Ratio, in which risk-weighted assets are calculated under the advanced internal ratings-based approach (IRB) for credit risk, resulted in 18.1%. Similarly, the Bank’s Capital Adequacy Ratio, as defined by Panama’s banking regulator under Basel’s standardized approach, was 15.8% as of September 30, 2025, well above the regulatory minimum of 9.25%. Additionally, the Bank’s Ordinary Common Tier 1 Capital Ratio, as defined by the Panama’s banking regulator, was 12.5% as of September 30, 2025, well above the regulatory minimum of 5.75%.

Recent Events:

•Quarterly dividend payment: The Board of Directors approved a quarterly common dividend of $0.625 per share corresponding to 3Q25. The cash dividend will be paid on November 25, 2025, to shareholders registered as of November 10, 2025.

•AT1 issuance: On September 12, 2025, the Bank announced the successful pricing of its inaugural Additional Tier 1 (AT1) capital offering of US$200 million in the international markets. The perpetual, non-cumulative instruments, with an initial call date set for seven years, were priced at a 7.50% coupon. The transaction was more than three times oversubscribed, reflecting robust market confidence in the Bank.

Notes:

•Numbers and percentages set forth in this earnings release have been rounded and accordingly may not total exactly.

•QoQ and YoY refer to quarter-on-quarter and year-on-year variations, respectively.

15

Footnotes:

1.Earnings per Share (“EPS”) calculation is based on the average number of shares outstanding during each period.

2.ROE refers to return on average stockholders’ equity which is calculated based on unaudited daily average balances.

3.ROE excluding other equity instruments refers to the adjusted net profit after AT1 distributions over average stockholders’ equity excluding other equity instruments, which is calculated based on unaudited daily average balances.

4.ROA refers to return on average assets which is calculated based on unaudited daily average balances.

5.NIM refers to net interest margin which constitutes to Net Interest Income (“NII”) divided by the average balance of interest-earning assets.

6.NIS refers to net interest spread which constitutes the average yield earned on interest-earning assets, minus the average yield paid on interest-bearing liabilities.

7.Efficiency Ratio refers to consolidated operating expenses as a percentage of total revenues.

8.The Bank’s “Credit Portfolio” includes (i) loans – principal balance, which excludes interest receivable, allowance for loan losses, and unearned interest and deferred fees (or the “Loan Portfolio”); (ii) principal balance of securities at FVOCI and at amortized cost, which excludes interest receivable and allowance for expected credit losses (or the “Investment Portfolio”); and (iii) loan commitments and financial guarantee contracts, such as confirmed and stand-by letters of credit and guarantees covering commercial risk and other assets consisting of customers’ liabilities under acceptances.

9.The Bank’s “Commercial Portfolio” includes loans – principal balance (or the “Loan Portfolio”), loan commitments and financial guarantee contracts, such as issued and confirmed letters of credit, stand-by letters of credit, guarantees covering commercial risk and other assets consisting of customers’ liabilities under acceptances.

10.Market capitalization corresponds to total outstanding common shares multiplied by market close price at the end of each corresponding period.

11.Tier 1 Capital ratio is calculated according to Basel III capital adequacy guidelines, and as a percentage of risk-weighted assets. Risk-weighted assets are estimated based on Basel III capital adequacy guidelines, utilizing internal-ratings based approach or “IRB” for credit risk and standardized approach for operational risk.

12.As defined by the Superintendency of Banks of Panama (“SBP”) through Rules No. 01-2015, 03-2016 and 05-2023, based on Basel III standardized approach. The capital adequacy ratio is defined as the ratio of capital funds to risk-weighted assets, rated according to the asset’s categories for credit risk. In addition, risk-weighted assets consider calculations for market risk and operating risk.

13.Liquid assets consist of total cash and due from banks, excluding time deposits with original maturity over 90 days and other restricted deposits, as well as corporate debt securities rated A- or above. Liquidity ratio refers to liquid assets as a percentage of total assets.

14.Loan Portfolio refers to loans – principal balance, which excludes interest receivable, allowance for loan losses, and unearned interest and deferred fees. Credit-impaired loans are also commonly referred to as Non-Performing Loans or NPLs.

15.Impaired Credits refers to the principal balance of Non-Performing Loans or NPLs and non-performing securities at FVOCI and at amortized cost.

16.Total allowance for losses refers to allowance for loan losses plus allowance for loan commitments and financial guarantee contract losses, allowance for investment securities losses and allowance for cash and due from banks losses.

SAFE HARBOR STATEMENT

This press release contains forward-looking statements of expected future developments within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as: “anticipate”, “intend”, “plan”, “goal”, “seek”, “believe”, “project”, “estimate”, “expect”, “strategy”, “future”, “likely”, “may”, “should”, “will” and similar references to future periods. The forward-looking statements in this press release include the Bank’s financial position, asset quality and profitability, among

16

others. These forward-looking statements reflect the expectations of the Bank’s management and are based on currently available data; however, actual performance and results are subject to future events and uncertainties, which could materially impact the Bank’s expectations. Among the factors that can cause actual performance and results to differ materially are as follows: the coronavirus (COVID-19) pandemic and geopolitical events; the anticipated changes in the Bank’s credit portfolio; the continuation of the Bank’s preferred creditor status; the impact of increasing/decreasing interest rates and of the macroeconomic environment in the Region on the Bank’s financial condition; the execution of the Bank’s strategies and initiatives, including its revenue diversification strategy; the adequacy of the Bank’s allowance for expected credit losses; the need for additional allowance for expected credit losses; the Bank’s ability to achieve future growth, to reduce its liquidity levels and increase its leverage; the Bank’s ability to maintain its investment-grade credit ratings; the availability and mix of future sources of funding for the Bank’s lending operations; potential trading losses; the possibility of fraud; and the adequacy of the Bank’s sources of liquidity to replace deposit withdrawals. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

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

Bladex is 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.

CONFERENCE CALL INFORMATION

There will be a conference call to discuss the Bank’s quarterly results on Wednesday, October 29, 2025, at 11:00 a.m. New York City time (Eastern Time). For those interested in participating, please click here to pre-register to our conference call or visit our website at http://www.bladex.com. Participants should register five minutes before the call is set to begin. The webcast presentation will be available for viewing and downloads on http://www.bladex.com. The conference call will become available for review one hour after its conclusion.

For more information, please access http://www.bladex.com or contact:

Mr. Carlos Daniel Raad
Chief Investor Relations Officer
Tel: +507 366-4925 ext. 7925
 E-mail: craad@bladex.com / ir@bladex.com

17

EXHIBIT I

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

			AT THE END OF,
			(A)						(B)						(C)						(A) - (B)												(A) - (C)
			September 30, 2025						June 30, 2025						September 30, 2024						CHANGE						%						CHANGE						%
			(In US$ thousand)
Assets
Cash and due from banks			$	1,959,783					$	1,997,581					$	1,711,425					$	(37,798)					(2)		%				$	248,358					15		%
Investment securities			1,426,520						1,377,813						1,213,329						48,707						4						213,191						18
Loans			8,726,282						8,583,899						8,090,061						142,383						2						636,221						8
Customers' liabilities under acceptances			260,173						602,232						292,542						(342,059)						(57)						(32,369)						(11)
Trading derivative financial instruments - assets			1,079						2,189						0						(1,110)						(51)						1,079						n.m.
Hedging derivative financial instruments - assets			64,810						63,713						71,487						1,097						2						(6,677)						(9)
Equipment, leases and leasehold improvements, net			18,888						19,417						15,985						(529)						(3)						2,903						18
Intangible assets			11,553						3,462						3,086						8,091						234						8,467						274
Other assets			28,714						23,901						14,228						4,813						20						14,486						102
Total assets			$	12,497,802					$	12,674,207					$	11,412,143					$	(176,405)					(1)		%				$	1,085,659					10		%
Liabilities
Customer deposits			$	6,879,709					$	6,491,382					$	5,691,892					$	388,327					598		%				$	1,187,817					2,087		%
Securities sold under repurchase agreements			139,401						196,562						346,299						(57,161)						(29)						(206,898)						(60)
Borrowings and debt, net			3,397,299						3,779,353						3,571,404						(382,054)						(10)						(174,105)						(5)
Interest payable			36,342						44,581						40,040						(8,239)						(18)						(3,698)						(9)
Lease Liabilities			18,377						18,713						15,867						(336)						(2)						2,510						16
Acceptance outstanding			260,173						602,232						292,542						(342,059)						(57)						(32,369)						(11)
Trading derivative financial instruments - liabilities			406						191						0						215						113						406						n.m.
Hedging derivative financial instruments - liabilities			57,708						69,217						90,837						(11,509)						(17)						(33,129)						(36)
Allowance for losses on loan commitments and financial guarantee contract losses			13,311						11,877						7,403						1,434						12						5,908						80
Other liabilities			48,603						44,619						46,039						3,984						9						2,564						6
Total liabilities			$	10,851,329					$	11,258,727					$	10,102,323					$	(407,398)					(4)		%				$	749,006					7		%
Equity
Common stock			$	279,980					$	279,980					$	279,980					$	0					0		%				$	0					0		%
Treasury stock			(97,581)						(97,578)						(105,672)						(3)						0						8,091						8
Additional paid-in capital in excess of value assigned to common stock			122,994						120,854						122,472						2,140						2						522						0
Other equity instrument, net			197,976						0						0						197,976						n.m.						197,976						n.m.
Capital reserves			95,210						95,210						95,210						0						0						0						0
Regulatory reserves			151,469						149,665						145,117						1,804						1						6,352						4
Retained earnings			891,325						861,430						763,460						29,895						3						127,865						17
Other comprehensive income			5,100						5,919						9,253						(819)						(14)						(4,153)						(45)
Total equity			$	1,646,473					$	1,415,480					$	1,309,820					$	230,993					16		%				$	336,653					26		%
Total liabilities and equity			$	12,497,802					$	12,674,207					$	11,412,143					$	(176,405)					(1)		%				$	1,085,659					10		%
(*) "n.m."means not meaningful.

18

EXHIBIT II

CONSOLIDATED STATEMENTS OF PROFIT OR LOSS

(In US$ thousand, except per share amounts and ratios)

			FOR THE THREE MONTHS ENDED
			(A)						(B)						(C)						(A) - (B)												(A) - (C)
			September 30, 2025						June 30, 2025						September 30, 2024						CHANGE						%						CHANGE						%
Net Interest Income:
Interest income			$	193,680					$	194,431					$	198,682					$	(751)					0		%				$	(5,002)					(3)		%
Interest expense			(126,253)						(126,692)						(132,052)						439						0						5,799						4
Net Interest Income			67,427						67,739						66,630						(312)						0						797						1
Other income (expense):
Fees and commissions, net			14,052						19,912						10,490						(5,860)						(29)						3,562						34
Gain on financial instruments, net			882						2,161						328						(1,279)						(59)						554						169
Other income, net			416						230						135						186						81						281						208
Total other income, net			15,350						22,303						10,953						(6,953)						(31)						4,397						40
Total revenues			82,777						90,042						77,583						(7,265)						(8)						5,194						7
Provision for credit losses			(6,482)						(5,019)						(3,548)						(1,463)						(29)						(2,934)						(83)
Operating expenses:
Salaries and other employee expenses			(13,196)						(12,384)						(14,177)						(812)						(7)						981						7
Depreciation and amortization of equipment, leases and leasehold improvements			(697)						(721)						(614)						24						3						(83)						(14)
Amortization of intangible assets			(355)						(348)						(279)						(7)						(2)						(76)						(27)
Other expenses			(7,079)						(7,386)						(5,972)						307						4						(1,107)						(19)
Total operating expenses			(21,327)						(20,839)						(21,042)						(488)						(2)						(285)						(1)
Profit for the period			$	54,968					$	64,184					$	52,993					$	(9,216)					(14)		%				$	1,975					4		%
PER COMMON SHARE DATA:
Basic earnings per share			$	1.48					$	1.73					$	1.44
Diluted earnings per share			$	1.48					$	1.73					$	1.44
Book value (period average)			$	38.52					$	37.50					$	35.05
Book value (period end)			$	38.91					$	38.02					$	35.61
Weighted average basic shares (in thousands of shares)			37,231						37,203						36,787
Weighted average diluted shares (in thousands of shares)			37,231						37,203						36,787
Basic shares period end (in thousands of shares)			37,231						37,231						36,787
PERFORMANCE RATIOS:
Return on average assets			1.8		%				2.1		%				1.9		%
Return on average equity			14.9		%				18.5		%				16.4		%
Net interest margin			2.32		%				2.36		%				2.55		%
Net interest spread			1.64		%				1.70		%				1.78		%
Efficiency Ratio			25.8		%				23.1		%				27.1		%
Operating expenses to total average assets			0.70		%				0.69		%				0.77		%

19

EXHIBIT III

CONSOLIDATED STATEMENTS OF PROFIT OR LOSS

(In US$ thousand, except per share amounts and ratios)

			FOR THE NINE MONTHS ENDED
			(A)						(B)						(A) - (B)
			September 30, 2025						September 30, 2024						CHANGE						%
Net Interest Income:
Interest income			$	577,531					$	587,627					$	(10,096)					(2)		%
Interest expense			(377,109)						(395,353)						18,244						5
Net Interest Income			200,422						192,274						8,148						4
Other income (expense):
Fees and commissions, net			44,547						32,495						12,052						37
Gain on financial instruments, net			5,027						137						4,890						3,569
Other income, net			772						305						467						153
Total other income, net			50,346						32,937						17,409						53
Total revenues			250,768						225,211						25,557						11
Provision for credit losses			(16,717)						(13,261)						(3,456)						(26)
Operating expenses:
Salaries and other employee expenses			(39,518)						(37,608)						(1,910)						(5)
Depreciation and amortization of equipment, leases and leasehold improvements			(2,111)						(1,799)						(312)						(17)
Amortization of intangible assets			(1,029)						(753)						(276)						(37)
Other expenses			(20,509)						(17,407)						(3,102)						(18)
Total operating expenses			(63,167)						(57,567)						(5,600)						(10)
Profit for the period			$	170,884					$	154,383					$	16,501					11		%
PER COMMON SHARE DATA:
Basic earnings per share			$	4.60					$	4.20
Diluted earnings per share			$	4.60					$	4.20
Book value (period average)			$	37.62					$	34.14
Book value (period end)			$	38.91					$	35.61
Weighted average basic shares (in thousands of shares)			37,126						36,724
Weighted average diluted shares (in thousands of shares)			37,126						36,724
Basic shares period end (in thousands of shares)			37,231						36,787
PERFORMANCE RATIOS:
Return on average assets			1.9		%				1.9		%
Return on average equity			16.2		%				16.4		%
Net interest margin			2.35		%				2.49		%
Net interest spread			1.66		%				1.77		%
Efficiency Ratio			25.2		%				25.6		%
Operating expenses to total average assets			0.70		%				0.71		%

20

EXHIBIT IV

CONSOLIDATED NET INTEREST INCOME AND AVERAGE BALANCES

			FOR THE THREE MONTHS ENDED
			September 30, 2025																		June 30, 2025																		September 30, 2024
			AVERAGE BALANCE						INTEREST						AVG. RATE						AVERAGE BALANCE						INTEREST						AVG. RATE						AVERAGE BALANCE						INTEREST						AVG. RATE
			(In US$ thousand)
INTEREST EARNING ASSETS
Cash and due from banks (1)			$	1,776,862					$	19,413					4.28		%				$	1,702,178					$	18,845					4.38		%				$	1,645,945					$	22,271					5.29		%
Securities at fair value through OCI			98,851						1,551						6.14						120,400						1,812						5.95						98,857						1,157						4.58
Securities at amortized cost (2)			1,292,714						15,860						4.80						1,179,561						14,359						4.82						1,058,540						11,925						4.41
Loans, net of unearned interest (2)			8,362,075						156,856						7.34						8,502,456						159,415						7.42						7,575,593						163,329						8.44
TOTAL INTEREST EARNING ASSETS			$	11,530,503					$	193,680					6.57		%				$	11,504,595					$	194,431					6.69		%				$	10,378,934					$	198,682					7.49		%
Allowance for loan losses			(70,423)																		(34,776)																		(65,075)
Non interest earning assets			670,515																		700,141																		537,412
TOTAL ASSETS			$	12,130,594																	$	12,169,959																	$	10,851,271
INTEREST BEARING LIABILITIES
Deposits			6,266,028						$	75,177					4.69		%				6,216,129						$	74,507					4.74		%				$	5,511,150					$	79,370					5.64		%
Securities sold under repurchase agreement			138,854						1,752						4.94						232,045						2,860						4.88						217,637						3,119						5.61
Short-term borrowings and debt			986,521						12,314						4.88						881,949						11,151						5.00						553,401						9,475						6.70
Long-term borrowings and debt, net (3)			2,617,867						37,010						5.53						2,717,418						38,174						5.56						2,767,088						40,088						5.67
TOTAL INTEREST BEARING LIABILITIES			$	10,009,270					$	126,253					4.94		%				$	10,047,540					$	126,692					4.99		%				$	9,049,276					$	132,052					5.71		%
Non interest bearing liabilities and other liabilities			$	659,304																	$	727,274																	$	512,625
TOTAL LIABILITIES			10,668,574																		10,774,814																		9,561,900
TOTAL EQUITY			1,462,020																		1,395,145																		1,289,371
TOTAL LIABILITIES AND EQUITY			$	12,130,594																	$	12,169,959																	$	10,851,271
NET INTEREST SPREAD															1.64		%																1.70		%																1.78		%
NET INTEREST INCOME AND NET INTEREST MARGIN									$	67,427					2.32		%										$	67,739					2.36		%										$	66,630					2.55		%

(1)Gross of interest receivable and the allowance for losses relating to deposits.

(2)Gross of interest receivable and the allowance for losses relating to financial instruments at amortized cost.

(3)Includes lease liabilities, net of prepaid commissions.

Note: Interest income and/or expense includes the effect of derivative financial instruments used for hedging.

21

EXHIBIT V

CONSOLIDATED NET INTEREST INCOME AND AVERAGE BALANCES

			FOR THE NINE MONTHS ENDED
			September 30, 2025																		September 30, 2024
			AVERAGE BALANCE						INTEREST						AVG. RATE						AVERAGE BALANCE						INTEREST						AVG. RATE
			(In US$ thousand)
INTEREST EARNING ASSETS
Cash and due from banks (1)			$	1,692,594					$	55,106					4.29		%				$	1,795,740					$	72,939					5.34		%
Securities at fair value through OCI			115,229						5,119						5.86						93,268						3,271						4.61
Securities at amortized cost (2)			1,188,775						42,773						4.74						1,041,508						33,069						4.17
Loans, net of unearned interest (2)			8,422,429						474,533						7.43						7,404,196						478,348						8.49
TOTAL INTEREST EARNING ASSETS			$	11,419,027					$	577,531					6.67		%				$	10,334,713					$	587,627					7.47		%
Allowance for loan losses			(63,446)																		(61,802)
Non interest earning assets			650,187																		555,132
TOTAL ASSETS			$	12,005,769																	$	10,828,043
INTEREST BEARING LIABILITIES
Deposits			$	6,037,605					$	217,563					4.75		%				$	5,223,822					$	225,912					5.68		%
Securities sold under repurchase agreement			187,325						$	7,013					4.94						229,713						$	9,275					5.30
Short-term borrowings and debt			1,008,049						$	38,067					4.98						941,762						$	47,388					6.61
Long-term borrowings and debt, net (3)			2,698,946						114,466						5.59						2,719,994						112,778						5.45
TOTAL INTEREST BEARING LIABILITIES			$	9,931,925					$	377,109					5.01		%				$	9,115,292					$	395,353					5.70		%
Non interest bearing liabilities and other liabilities			$	667,576																	$	458,828
TOTAL LIABILITIES			10,599,501																		9,574,120
TOTAL EQUITY			1,406,268																		1,253,924
TOTAL LIABILITIES AND EQUITY			$	12,005,769																	$	10,828,043
NET INTEREST SPREAD															1.66		%																1.77		%
NET INTEREST INCOME AND NET INTEREST MARGIN									$	200,422					2.35		%										$	192,274					2.49		%

(1)Gross of interest receivable and the allowance for losses relating to deposits.

(2)Gross of interest receivable and the allowance for losses relating to financial instruments at amortized cost.

(3)Includes lease liabilities, net of prepaid commissions.

Note: Interest income and/or expense includes the effect of derivative financial instruments used for hedging.

22

EXHIBIT VI

CONSOLIDATED STATEMENT OF PROFIT OR LOSS

(In US$ thousand, except per share amounts and ratios)

			NINE MONTHS ENDED						FOR THE THREE MONTHS ENDED																														NINE MONTHS ENDED
			SEP 30/25						SEP 30/25						JUN 30/25						MAR 31/25						DEC 31/24						SEP  30/24						SEP  30/24
Net Interest Income:
Interest income			$	577,531					$	193,680					$	194,431					$	189,420					$	197,405					$	198,682					$	587,627
Interest expense			(377,109)						(126,253)						(126,692)						(124,164)						(130,468)						(132,052)						(395,353)
Net Interest Income			200,422						67,427						67,739						65,256						66,937						66,630						192,274
Other income (expense):
Fees and commissions, net			44,547						14,052						19,912						10,583						11,906						10,490						32,495
Gain (loss) on financial instruments, net			5,027						882						2,161						1,984						(620)						328						137
Other income, net			772						416						230						126						202						135						305
Total other income, net			50,346						15,350						22,303						12,693						11,488						10,953						32,937
Total revenues			250,768						82,777						90,042						77,949						78,425						77,583						225,211
Provision for credit losses			(16,717)						(6,482)						(5,019)						(5,216)						(4,038)						(3,548)						(13,261)
Total operating expenses			(63,167)						(21,327)						(20,839)						(21,001)						(22,897)						(21,042)						(57,567)
Profit for the period			$	170,884					$	54,968					$	64,184					$	51,732					$	51,490					$	52,993					$	154,383
SELECTED FINANCIAL DATA
PER COMMON SHARE DATA
Basic earnings per share			$	4.60					$	1.48					$	1.73					$	1.40					$	1.40					$	1.44					$	4.20
PERFORMANCE RATIOS
Return on average assets			1.9		%				1.8		%				2.1		%				1.8		%				1.8		%				1.9		%				1.9		%
Return on average equity			16.2		%				14.9		%				18.5		%				15.4		%				15.5		%				16.4		%				16.4		%
Net interest margin			2.35		%				2.32		%				2.36		%				2.36		%				2.44		%				2.55		%				2.49		%
Net interest spread			1.66		%				1.64		%				1.70		%				1.65		%				1.69		%				1.78		%				1.77		%
Efficiency Ratio			25.2		%				25.8		%				23.1		%				26.9		%				29.2		%				27.1		%				25.6		%
Operating expenses to total average assets			0.70		%				0.70		%				0.69		%				0.73		%				0.80		%				0.77		%				0.71		%

23

EXHIBIT VII

BUSINESS SEGMENT ANALYSIS

(In US$ thousand)

			FOR THE NINE MONTHS ENDED												FOR THE THREE MONTHS ENDED
			SEP 30/25						SEP 30/24						SEP 30/25						JUN 30/25						SEP 30/24
COMMERCIAL BUSINESS SEGMENT:
Net interest income			$	178,679					$	171,545					$	59,993					$	59,657					$	59,241
Other income			47,675						33,268						15,276						21,519						10,817
Total revenues			226,354						204,813						75,269						81,176						70,058
Provision for credit losses			(16,752)						(13,679)						(6,495)						(5,182)						(3,365)
Operating expenses			(49,979)						(46,173)						(16,787)						(16,271)						(16,934)
Profit for the segment			$	159,623					$	144,961					$	51,987					$	59,723					$	49,759
Segment assets			9,013,269						8,399,113						9,013,269						9,205,569						8,399,113
TREASURY BUSINESS SEGMENT:
Net interest income			$	21,743					$	20,729					$	7,434					$	8,082					$	7,389
Other income (expense)			2,671						(331)						74						784						136
Total revenues			24,414						20,398						7,508						8,866						7,525
Reversal of (provision for) credit losses			35						418						13						163						(183)
Operating expenses			(13,188)						(11,394)						(4,540)						(4,568)						(4,108)
Profit for the segment			$	11,261					$	9,422					$	2,981					$	4,461					$	3,234
Segment assets			3,455,819						2,998,801						3,455,819						3,444,737						2,998,801
TOTAL:
Net interest income			$	200,422					$	192,274					$	67,427					$	67,739					$	66,630
Other income			50,346						32,937						15,350						22,303						10,953
Total revenues			250,768						225,211						82,777						90,042						77,583
Provision for credit losses			(16,717)						(13,261)						(6,482)						(5,019)						(3,548)
Operating expenses			(63,167)						(57,567)						(21,327)						(20,839)						(21,042)
Profit for the period			$	170,884					$	154,383					$	54,968					$	64,184					$	52,993
Total segment assets			12,469,088						11,397,914						12,469,088						12,650,306						11,397,914
Unallocated assets			28,714						14,229						28,714						23,901						14,229
Total assets			12,497,802						11,412,143						12,497,802						12,674,207						11,412,143

24

EXHIBIT VIII

CREDIT PORTFOLIO

DISTRIBUTION BY COUNTRY

(principal balance in US$ million)

						AT THE END OF,
						(A)												(B)												(C)
						September 30, 2025												June 30, 2025												September 30, 2024												Change in Amount
COUNTRY						Amount						% of Total  Outstanding						Amount						% of Total  Outstanding						Amount						% of Total  Outstanding						(A) - (B)						(A) - (C)
ARGENTINA						$	394					3						$	254					2						$	139					1						$	140					$	255
BOLIVIA						0						0						0						0						4						0						0						(4)
BRAZIL						1,435						12						1,501						12						1,390						13						(66)						45
CHILE						576						5						545						4						508						5						31						68
COLOMBIA						826						7						989						8						1,120						10						(163)						(294)
COSTA RICA						492						4						541						4						413						4						(49)						79
DOMINICAN REPUBLIC						952						8						930						8						981						9						22						(29)
ECUADOR						516						4						502						4						475						4						14						41
EL SALVADOR						117						1						100						1						65						1						17						52
GUATEMALA						1,455						12						1,299						11						977						9						156						478
HONDURAS						179						1						209						2						222						2						(30)						(43)
JAMAICA						43						0						89						1						69						1						(46)						(26)
MEXICO						1,345						11						1,193						10						1,076						10						152						269
PANAMA						602						5						615						5						469						4						(13)						133
PARAGUAY						192						2						212						2						183						2						(20)						9
PERU						481						4						788						6						871						8						(307)						(390)
PUERTO RICO						26						0						40						0						37						0						(14)						(11)
SURINAME						150						1						150						1						0						0						—						150
TRINIDAD & TOBAGO						180						1						188						2						138						1						(8)						42
UNITED STATES OF AMERICA						1,026						8						873						7						728						7						153						298
URUGUAY						191						2						156						1						81						1						35						110
MULTILATERAL ORGANIZATIONS						77						1						76						1						100						1						1						(23)
OTHER NON-LATAM (1)						1,031						8						932						8						829						8						99						202
TOTAL CREDIT PORTFOLIO (2)						$	12,286					100		%				$	12,182					100		%				$	10,875					100		%				$	104					$	1,411
INTEREST RECEIVABLE						109												117												132												(8)						(23)
UNEARNED INTEREST AND DEFERRED FEES						(31)												(32)												(27)												1						(4)
TOTAL CREDIT PORTFOLIO, NET OF INTEREST RECEIVABLE, UNEARNED INTEREST & DEFERRED FEES						$	12,364											$	12,267											$	10,980											$	97					$	1,384

(1)Risk in highly rated countries outside the Region related to transactions carried out in the Region. As of September 30, 2025, “Other Non-Latam” was comprised of Canada ($57 million), European countries ($631 million) and Asian-Pacific countries ($343 million).

(2)Includes (i) loans - principal balance (or the "Loan Portfolio"); (ii) principal balance of securities at FVOCI and at amortized cost, gross of interest receivable and the allowance for expected credit losses; and (iii) loan commitments and financial guarantee contracts, such as confirmed and stand-by letters of credit, and guarantees covering commercial risk; and other assets consisting of customers liabilities under acceptances.

25

EXHIBIT IX

COMMERCIAL PORTFOLIO

DISTRIBUTION BY COUNTRY

(principal balance in US$ million)

						AT THE END OF,
						(A)												(B)												(C)
						September 30, 2025												June 30, 2025												September 30, 2024												Change in Amount
COUNTRY						Amount						% of Total  Outstanding						Amount						% of Total  Outstanding						Amount						% of Total  Outstanding						(A) - (B)						(A) - (C)
ARGENTINA						$	394					4						$	254					2						$	139					1						$	140					$	255
BOLIVIA						0						0						—						0						4						0						0						(4)
BRAZIL						1,428						13						1,489						14						1,366						14						(61)						62
CHILE						546						5						516						5						480						5						30						66
COLOMBIA						770						7						925						9						1,105						11						(155)						(335)
COSTA RICA						484						4						533						5						405						4						(49)						79
DOMINICAN REPUBLIC						952						9						930						9						981						10						22						(29)
ECUADOR						516						5						502						5						475						5						14						41
EL SALVADOR						117						1						100						1						65						1						17						52
GUATEMALA						1,455						13						1,299						12						977						10						156						478
HONDURAS						179						2						209						2						222						2						(30)						(43)
JAMAICA						43						0						89						0						69						1						(46)						(26)
MEXICO						1,342						12						1,190						11						1,030						11						152						312
PANAMA						528						5						542						5						399						4						(14)						129
PARAGUAY						192						2						212						2						183						2						(20)						9
PERU						471						4						778						7						840						9						(307)						(369)
PUERTO RICO						26						0						40						0						37						0						(14)						(11)
SURINAME						150						1						150						1						0						0						—						150
TRINIDAD & TOBAGO						180						2						188						2						138						1						(8)						42
URUGUAY						191						2						156						1						81						1						35						110
OTHER NON-LATAM (1)						908						8						717						7						677						7						191						231
TOTAL COMMERCIAL PORTFOLIO (2)						$	10,872					100		%				$	10,819					100		%				$	9,673					100		%				$	53					$	1,199
INTEREST RECEIVABLE						96												101												118												(5)						(22)
UNEARNED INTEREST AND DEFERRED FEES						(31)												(32)												(27)												1						(4)
TOTAL COMMERCIAL PORTFOLIO, NET OF INTEREST RECEIVABLE, UNEARNED INTEREST & DEFERRED FEES						$	10,937											$	10,888											$	9,764											$	49					$	1,173

(1)Risk in highly rated countries outside the Region related to transactions carried out in the Region. As of September 30, 2025, “Other Non-Latam” was comprised of United States of America ($276 million), Canada ($27 million), European countries ($445 million) and Asian-Pacific countries ($160 million).

(2)Includes loans - principal balance (or the "Loan Portfolio"), loan commitments and financial guarantee contracts, such as confirmed and stand-by letters of credit, and guarantees covering commercial risk; and other assets consisting of customers liabilities under acceptances.

26

EXHIBIT X

INVESTMENT PORTFOLIO

DISTRIBUTION BY COUNTRY

(principal balance in US$ million)

						AT THE END OF,
						(A)												(B)												(C)
						September 30, 2025												June 30, 2025												September 30, 2024												Change in Amount
COUNTRY						Amount						% of Total  Outstanding						Amount						% of Total  Outstanding						Amount						% of Total  Outstanding						(A) - (B)						(A) - (C)
BRAZIL						$	7					1						$	12					1						$	24					2						$	(5)					$	(17)
CHILE						30						2						29						2						28						2						1						2
COLOMBIA						56						4						64						5						15						1						(8)						41
COSTA RICA						8						1						8						1						8						1						0						0
DOMINICAN REPUBLIC						0						0						0						0						0						0						0						0
MEXICO						3						0						3						0						46						4						0						(43)
PANAMA						74						5						73						5						70						6						1						4
PERU						10						1						10						1						31						3						0						(21)
UNITED STATES OF AMERICA						750						53						727						53						623						52						23						127
MULTILATERAL ORGANIZATIONS						77						5						76						6						100						8						1						(23)
OTHER NON-LATAM (1)						399						28						361						26						257						21						38						142
TOTAL INVESTMENT PORTFOLIO (2)						$	1,414					100		%				$	1,363					100		%				$	1,202					100		%				$	51					$	212
INTEREST RECEIVABLE						14												16												13												(2)						1
TOTAL INVESTMENT PORTFOLIO, NET OF INTEREST RECEIVABLE						$	1,428					100		%				$	1,379					100		%				$	1,215					100		%				$	49					$	213

(1)Risk in highly rated countries outside the Region. As of September 30, 2025, “Other Non-Latam” was comprised of Canada ($30 million), European countries ($186 million) and Asian-Pacific countries ($183 million).

(2)Includes principal balance of securities at FVOCI and at amortized cost, gross of interest receivable and the allowance for losses.

27

28

FAQ

What were Bladex (BLX) profits and EPS for 3Q25 and 9M25?

Net profit was $55.0 million in 3Q25 and $170.9 million in 9M25, with EPS of $1.48 and $4.60, respectively.

How did Bladex’s margins and fee income trend in 3Q25?

NIM was 2.32% amid spread pressure, while fees rose to $14.1 million (up 34% YoY).

What is Bladex’s capital position after the AT1 issuance?

Tier 1 (Basel III IRB) reached 18.1% and the regulatory Capital Adequacy Ratio was 15.8%.

How did Bladex’s loan and deposit bases change?

The Credit Portfolio reached $12,286 million (up 13% YoY); deposits were $6,836 million (up 21% YoY).

What is Bladex’s asset quality profile?

97.2% of credits are Stage 1; impaired credits are 0.2% of the Credit Portfolio with 5.4x coverage.

Did Bladex declare a dividend for 3Q25?

Yes. A quarterly dividend of $0.625 per share is payable on November 25, 2025 to shareholders of record on November 10, 2025.

What was the size and coupon of Bladex’s AT1 issuance?

The inaugural AT1 was $200 million with a 7.50% coupon and an initial call at seven years.