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Stock impact report

Bladex achieves record results [Yahoo! Finance]

Banco Latinoamericano de Comercio Exterior, S.A. (BLX) 
Last banco latinoamericano de comercio exterior, s.a. earnings: 10/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: bladex.com/en/investors
Company Research Source: Yahoo! Finance
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% increase from 2022, reaching US$32.5 million In light of this new level of profitability, Bladex's Board of Directors decided to double the quarterly dividend from 25 cents to 50 cents per share, reaffirming the bank's commitment to generating shareholder value. Jorge Salas , Bladex's president, noted that "2023 was an unprecedented year for us. Regardless of which financial indicator we review, last year was the best in our history". In addition to having a record annualized return for the bank, Bladex's com Show less Read more
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