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Stock impact report

Bladex announces 1Q24 Net Profit of $51.3 Million, or $1.40 per share, expanding its annualized return on equity to 16.8% in 1Q24 [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
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 , with Net Profit of $51.3 million in 1Q24 (+39% YoY), fostered by higher total revenues and lower provisions for credit losses. Annualized Return on Equity ("ROE") reached 16.8% in 1Q24 (+303 bps YoY), on the back of strong recurrent operating results. Net Interest Income ("NII") stood at $62.9 million in 1Q24 (+20% YoY), driven by a 6 bps YoY increase in Net Interest Margin ("NIM") to 2.47% in 1Q24, benefited by solid lending spreads, efficient cost of fu Show less Read more
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