Banco Latinoamericano de Comercio Exterior, S.A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral, structured and syndicated credits, and loan commitments; financial guarantee contracts, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets, as well as co-financing arrangements, underwriting of syndicated credit facilities, structured trade financing in the form of factoring and vendor financing, and financial leasing. The company also provides treasury solutions, which include term deposits and private placements. It primarily serves financial institutions, corporations, and sovereigns and state-owned entities. The company was formerly known as Banco Latinoamericano de Exportaciones, S.A. and changed its name to Banco Latinoamericano de Comercio Exterior, S.A. in June 2009. Banco Latinoamericano de Comercio Exterior, S.A. was founded in 1977 and is headquartered in Panama City, the Republic of Panama.
IPO Year: 1992
Exchange: NYSE
Website: bladex.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/16/2023 | $37.00 | Buy | Jefferies |
6/29/2023 | $32.00 | Overweight | Barclays |
PANAMA CITY, July 23, 2024 /PRNewswire/ -- 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 Second Quarter ("2Q24") and six months ("6M24") ended June 30, 2024. The consolidated financial information in this document has been prepared in accordance with International Financial Reporting Standards ("IFRS") as is
PANAMA CITY, July 23, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"), announced today its Board of Directors' approval of a quarterly cash dividend of US$0.50 per share corresponding to the second quarter of 2024. The cash dividend is payable August 20, 2024 to the Bank's stockholders as of August 5, 2024 record date. As of June 30, 2024, Bladex had 36,786,976.36 shares outstanding of all classes. Bladex, a multinational bank originally established by the central banks of Latin-American and Caribbean countries, began operations i
With more than 24 years of experience in Mexico, Banco Latinoamericano de Comercio Exterior (Bladex) is moving forward with its strategy to deepen its presence in the country. The expansion of its new offices, the strengthening of its commercial team and its annual disbursements of almost US$5 billion position Bladex as a key player in the growth of Mexican companies. Bladex has been listed on the New York Stock Exchange since 1992 and has been one of the most active issuers on the Mexican Stock Exchange for more than 12 years. MEXICO CITY, July 22, 2024 /PRNewswire/ -- To strengthen its presence in the Mexican market, Banco Latinoamericano de Comercio Exterior (Bladex) has undertaken a seri
PANAMA CITY, July 19, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX) cordially invites you to participate in its upcoming conference call to discuss its 2Q24 results Date and time:Wednesday, July 24, 202411:00 a.m. Eastern Time Presenting for Bladex:Mr. Jorge Salas, Chief Executive OfficerMrs. Ana Graciela de Méndez, Chief Financial Officer Register for the Conference CallPlease click here to pre-register for this conference call. Bladex's Second Quarter 2024 Earnings Release will be announced on Tuesday, July 23, 2024, after the market clos
PANAMA CITY, July 18, 2024 /PRNewswire/ -- Bladex - Banco Latinoamericano de Comercio Exterior (NYSE:BLX) and CGI (TSX:GIB) (NYSE:GIB), one of the world's largest independent business and IT consulting firms, announced an agreement for the implementation of the CGI Trade360 trade technology platform. Bladex will become the first bank headquartered in Latin America to implement the CGI Trade360 platform, an award-winning software-as-a-service (SaaS) platform utilized by global banks to support trade finance in over 85 countries across Asia, Europe, North America, and Oceanias.
Stock Market SymbolsGIB.A (TSX) GIB (NYSE) www.cgi.com/newsroom MONTRÉAL, July 18, 2024 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB), one of the largest independent IT and business consulting services firms in the world, and Bladex (NYSE:BLX), Banco Latinoamericano de Comercio Exterior, announced an agreement for the implementation of the CGI Trade360® trade technology platform. Bladex will become the first bank headquartered in Latin America to implement the CGI Trade360® platform, an award-winning software-as-a-service (SaaS) platform utilized by global banks to support trade finance in over 85 countries across Asia, Europe, North America and Oceania. Jorge Salas, Chief Executive Officer of Bl
PANAMA CITY, June 27, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior ((", Bladex", , or ", the Bank", , NYSE:BLX) announced today the successful structuring of a syndicated loan for US$665 million, consisting of a US$600 million tranche for 12 months and a US$65 million revolving line for 3 years (the "Facility") for Internacional de Cerámica, SAB de CV. ("Interceramic" or "the Company"). Bladex acted as Joint Lead Arranger and Bookrunner along with other financial institutions that participated in the transaction. Established in 1979 in Chihuahua, Mexico, Int
PANAMA CITY, June 13, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ((", Bladex", or ", the Bank", , NYSE:BLX) announced the recent closing of a US$100 million three-year syndicated facility (the "Facility") in favor of the Guatemalan bank Banco Promerica, S.A. ("Banco Promerica Guatemala" or the "Bank"). Bladex was the Sole Lead Arranger and Bookrunner, and Administrative Agent for the Facility. Banco Promerica Guatemala is one of the main subsidiaries of Promerica Financial Corporation ("PFC Group"), a leading financial banking group in Central Americ
PANAMA CITY, June 12, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ((", Bladex", or the ", Bank", , NYSE:BLX) announced today the successful closing of a US$100 million senior unsecured syndicated up to 3 years (the "Facility") for Forum Servicios Financieros, S.A. ("Forum" or the "Company"). Bladex acted as Sole Lead Arranger and Bookrunner and shall act as the Administrative Agent for the Facility. Established in 1993, Forum is the leading player in the auto-financing industry in Chile. The Company is a wholly owned subsidiary of BBVA and provides loans and auto-leases to natural persons and companies for the purchase of vehicles (light and heavy) and motorcycles.
PANAMA CITY, Republic of Panama, May 23, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior (Bladex) announced today the successful closing of a US$500 million Club Deal Long Term Facility for Grupo De Inversiones Suramericana, S.A. Bladex acts as Joint Lead Arranger along with BBVA, Itaú, Banco General y Citibank in a landmark transaction in Colombia. The funds from the facility will be used to finance the Public Tender Offer (OPA) launched by Grupo Sura for the acquisition of the remaining shares of Grupo Nutresa, as well as other transaction-related expenses. This transaction holds immense relevance in Colombia, as it will culminate in an exchange of shares between Grupo Sur
SC 13G - FOREIGN TRADE BANK OF LATIN AMERICA, INC. (0000890541) (Subject)
SC 13G - FOREIGN TRADE BANK OF LATIN AMERICA, INC. (0000890541) (Subject)
SC 13G - FOREIGN TRADE BANK OF LATIN AMERICA, INC. (0000890541) (Subject)
Jefferies initiated coverage of Banco Latinoamer with a rating of Buy and set a new price target of $37.00
Barclays initiated coverage of Banco Latinoamer with a rating of Overweight and set a new price target of $32.00
Credit Suisse reiterated coverage of Boralex with a rating of Neutral and set a new price target of $48.00 from $52.00 previously
Banco Latinoamericano (NYSE:BLX) reported quarterly earnings of $1.36 per share. This is a 33.33 percent increase over earnings of $1.02 per share from the same period last year. The company reported $75.00 million in sales this quarter. This is a 30.66 percent increase over sales of $57.40 million the same period last year.
With more than 24 years of experience in Mexico, Banco Latinoamericano de Comercio Exterior (Bladex) is moving forward with its strategy to deepen its presence in the country. The expansion of its new offices, the strengthening of its commercial team and its annual disbursements of almost US$5 billion position Bladex as a key player in the growth of Mexican companies. Bladex has been listed on the New York Stock Exchange since 1992 and has been one of the most active issuers on the Mexican Stock Exchange for more than 12 years.
Banco Latinoamericano de Comercio Exterior, S.A. ((", Bladex", or ", the Bank", , NYSE:BLX) announced the recent closing of a US$100 million three-year syndicated facility (the "Facility") in favor of the Guatemalan bank Banco Promerica, S.A. ("Banco Promerica Guatemala" or the "Bank"). Bladex was the Sole Lead Arranger and Bookrunner, and Administrative Agent for the Facility. Banco Promerica Guatemala is one of the main subsidiaries of Promerica Financial Corporation ("PFC Group"), a leading financial banking group in Central America with operations in Panama, Guatemala, Costa Rica, Honduras, El Salvador and Honduras, as well as in the Dominican Republic, Ecuador and Cayman Islands. The B
Scotiabank analyst Robert Hope maintains Banco Latinoamericano (NYSE:BLX) with a Sector Outperform and raises the price target from $38 to $42.
Banco Latinoamericano (NYSE:BLX) reported quarterly earnings of $1.40 per share which beat the analyst consensus estimate of $1.14 by 22.81 percent. The company reported quarterly sales of $72.600 million which beat the analyst consensus estimate of $57.810 million by 25.58 percent. This is a 22.64 percent increase over sales of $59.200 million the same period last year.
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Thursday marks the last chance for investors to receive the next dividend payout from Banco Latinoamericano (NYSE:BLX). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 50 cents per share. On Friday, Banco Latinoamericano will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 50 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own BLX as of the end of Thursday's session are eligible to receive the 50 cent
6-K - FOREIGN TRADE BANK OF LATIN AMERICA, INC. (0000890541) (Filer)
6-K - FOREIGN TRADE BANK OF LATIN AMERICA, INC. (0000890541) (Filer)
6-K - FOREIGN TRADE BANK OF LATIN AMERICA, INC. (0000890541) (Filer)
6-K - FOREIGN TRADE BANK OF LATIN AMERICA, INC. (0000890541) (Filer)
20-F - FOREIGN TRADE BANK OF LATIN AMERICA, INC. (0000890541) (Filer)
6-K - FOREIGN TRADE BANK OF LATIN AMERICA, INC. (0000890541) (Filer)
6-K - FOREIGN TRADE BANK OF LATIN AMERICA, INC. (0000890541) (Filer)
6-K - FOREIGN TRADE BANK OF LATIN AMERICA, INC. (0000890541) (Filer)
6-K - FOREIGN TRADE BANK OF LATIN AMERICA, INC. (0000890541) (Filer)
6-K - FOREIGN TRADE BANK OF LATIN AMERICA, INC. (0000890541) (Filer)
PANAMA CITY, April 24, 2023 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX, ", Bladex", , or ", the Bank", ))), a Panama-based multinational bank established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade and economic integration in the Region, today announced that its Board of Directors appointed Ms. Angelica Ruiz Celis as a Class E Independent Director on March 30, 2023 and is recommending the reelection of Dr. Mario Covo as Independent Director representing Class E shareholders for its 2023 Annual General Shareholders Meeting scheduled for Wednesday, April 26, 2023, at 10:30 a.m. (Panama time), at Santa Maria Hotel, S
PANAMA CITY, June 23, 2022 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ((", Bladex", or the ", Bank", , NYSE:BLX) announced today the appointment of Mr. Carlos Daniel Raad as new Executive Vice President, Head of Investor Relations. Mr. Raad has more than 18 years of professional experience in the financial sector, with a successful career in Bancolombia where he served in various positions, most recently as Director of Investor Relations. He holds a Bachelor's Degree in Industrial Engineering and an MBA from Universidad de Los Andes, Colombia, with the in
PANAMA CITY, July 23, 2024 /PRNewswire/ -- 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 Second Quarter ("2Q24") and six months ("6M24") ended June 30, 2024. The consolidated financial information in this document has been prepared in accordance with International Financial Reporting Standards ("IFRS") as is
PANAMA CITY, July 23, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"), announced today its Board of Directors' approval of a quarterly cash dividend of US$0.50 per share corresponding to the second quarter of 2024. The cash dividend is payable August 20, 2024 to the Bank's stockholders as of August 5, 2024 record date. As of June 30, 2024, Bladex had 36,786,976.36 shares outstanding of all classes. Bladex, a multinational bank originally established by the central banks of Latin-American and Caribbean countries, began operations i
PANAMA CITY, July 19, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX) cordially invites you to participate in its upcoming conference call to discuss its 2Q24 results Date and time:Wednesday, July 24, 202411:00 a.m. Eastern Time Presenting for Bladex:Mr. Jorge Salas, Chief Executive OfficerMrs. Ana Graciela de Méndez, Chief Financial Officer Register for the Conference CallPlease click here to pre-register for this conference call. Bladex's Second Quarter 2024 Earnings Release will be announced on Tuesday, July 23, 2024, after the market clos
PANAMA CITY, April 18, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"), announced today its Board of Directors' approval of a quarterly cash dividend of US$0.50 per share corresponding to the first quarter of 2024. The cash dividend is payable May 15, 2024 to the Bank's stockholders as of April 29, 2024 record date. As of March 31, 2024, Bladex had 36,727,297.73 shares outstanding of all classes. 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 o
PANAMA CITY, April 18, 2024 /PRNewswire/ -- 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 First Quarter ("1Q24") ended March 31, 2024. 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"). 1Q24 Financial & Business Highlights Increased Profitability, wit
PANAMA CITY, April 8, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX) cordially invites you to participate in its upcoming conference call to discuss its 1Q24 results Date and time:Friday, April 19, 202411:00 a.m. Eastern Time Presenting for Bladex:Mr. Jorge Salas, Chief Executive OfficerMrs. Ana Graciela de Méndez, Chief Financial Officer Register for the Conference CallPlease click here to pre-register for this conference call. Bladex's First Quarter 2024 Earnings Release will be announced on Thursday, April 18, 2024, after the market closes and will be available on the Bank's corporate website, along with the webcast presentation. About Bladex:Bladex, a
PANAMA CITY, March 4, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX, "Bladex", or "the Bank"), announced the results achieved during the fourth quarter of 2023. The net income for the period was US$46.4 million, resulting in a record level of US$166.2 million in FY2023, up 81% from the previous year. The annualized return on equity stood at 15.5% in the fourth quarter and 14.7% in FY2023 due to consistent growth during the period and Bladex's increased presence in the region. Net interest income amounted to US$233 million, representing a 58% increase year over year. The focus on fee income yielded remarkable results, with a 64%
PANAMA CITY, Feb. 22, 2024 /PRNewswire/ -- 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 Fourth Quarter ("4Q23") and Full-year ("FY23") ended December 31, 2023. 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"). 4Q23 & FY23 Financial & Business Highli
PANAMA CITY, Feb. 22, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"), announced today its Board of Directors' approval of a quarterly cash dividend of US$0.50 per share corresponding to the fourth quarter of 2023. The cash dividend is payable March 19, 2024 to the Bank's stockholders as of March 4, 2024 record date. As of December 31, 2023, Bladex had 36,539,860.73 shares outstanding of all classes. 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 h
PANAMA CITY, Feb. 1, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX) cordially invites you to participate in its upcoming conference call to discuss its 4Q23 results Date and time: Friday, February 23, 2024 10:00 a.m. Eastern Time Presenting for Bladex: Mr. Jorge Salas, Chief Executive Officer Mrs. Ana Graciela de Méndez, Chief Financial Officer Register for the Conference Call Please click here to pre-register for this conference call. Bladex's Fourth Quarter 2023 Earnings Release will be announced on Thursday, February 22, 2024, after the market closes and will be available on the Bank's corporate website, along with the webcast presentation. A