Banco Latinoamericano de Comercio Exterior, S. A. reported Q3 '25 results in line with trends: declining NIMs offset by strong fee income growth. BLX announced a $200 million AT1 perpetual capital raise, supporting future book expansion and maintaining a robust dividend yield near 6%. Fee-based businesses, including Letters of Credit and new Nasdaq FX/derivatives platforms, are driving revenue diversification amid competitive lending conditions.
Bladex continues to deliver strong credit and off-balance sheet growth, offsetting margin pressure and maintaining low credit risk. Service fees are now a major revenue driver, with off-balance sheet commitments and new technology supporting future expansion. Valuation remains attractive with a low P/E, growing dividends, and prudent leverage, despite exposure to global trade cycles.
Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX ) Q2 2025 Earnings Conference Call August 5, 2025 11:00 AM ET Company Participants Annette van Hoorde de Solís - Executive VP & CFO Jorge L.
| Banks Industry | Financials Sector | Jorge L. Salas CEO | NYSE Exchange | P16994132 CUSIP |
| PA Country | 175 Employees | 10 Nov 2025 Last Dividend | - Last Split | - IPO Date |
Banco Latinoamericano de Comercio Exterior, S.A., colloquially known as Bladex, is a prominent multinational finance institution primarily focusing on supporting foreign trade in Latin America and the Caribbean. With its core operations segmented into Commercial and Treasury divisions, Bladex has established a solid footprint in facilitating trade financing, promoting economic growth and development across the region. Initially founded in 1977 under the name Banco Latinoamericano de Exportaciones, S.A., it underwent a strategic rebranding to its current name in June 2009 to better reflect its expansive role in international commerce. The bank's headquarters are located in Panama City, serving as a central hub for its widespread operations. Bladex caters to a diverse clientele including financial institutions, corporations, as well as sovereign and state-owned entities, reinforcing its position as a key player in Latin American and Caribbean trade finance.
Bilateral loans offered by Bladex are tailored financing solutions directly negotiated between the bank and the borrowing entity, facilitating straightforward, flexible financial arrangements for trade activities.
The bank specializes in structured financing options that cover syndicated and clubbed loans, including acquisition and pre-export financing, A/B loan structures, bridge loans, and liability management solutions, addressing complex funding needs.
Bladex extends financial support for large-scale projects through project financing, helping to fund infrastructure and development initiatives vital for economic progress within its operational regions.
Offering both import and export letters of credit, as well as credit discounting and financing, the bank mitigates risks associated with international trade, ensuring smooth transactional processes between exporters and importers.
Through its stand-by services, including first-demand and local bank guarantees, and handling of import and export documentary collections, Bladex provides additional security and collection mechanisms for trade transactions.
The company caters to the liquidity needs of its clients offering time deposits, DDA accounts, Yankee certificate of deposits, and EMTN private placements, alongside supply chain finance services to bolster working capital and optimize cash flow.