BLX on NYSE

Banco Latinoamericano de Comercio Exterior

Banco Latinoamericano de Comercio Exterior, S.A. (English: Foreign Trade Bank of Latin America, known as Bladex, its commercial trademark) is a multinational bank. Founded in 1977 as Banco Latinoamericano de Exportaciones, S.A. and renamed in June 2009, the company is headquartered in Panama City and finances Latin America and the Caribbean foreign trade.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

$303.6MRevenue, fiscal 20244
$205.9MNet income, fiscal 20244

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  • TickerBLX on NYSE1
  • IndustryCommercial Banks, NEC1
  • Websitewww.bladex.com
  • Business addressBusiness Park, Torre V, Piso 5, Avenida La Rotonda, Costa Del Este, Panama, 0819-087305
  • Filer categoryLarge accelerated filer5

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Banco Latinoamericano de Comercio Exterior, S.A. (English: Foreign Trade Bank of Latin America, known as Bladex, its commercial trademark) is a multinational bank. Founded in 1977 as Banco Latinoamericano de Exportaciones, S.A. and renamed in June 2009, the company is headquartered in Panama City and finances Latin America and the Caribbean foreign trade.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

100.0%Operating margin4
67.8%Net margin4
14.1%Revenue growth, 20244
15.4%Return on equity4
-$124.5MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

PEMember brought in 25% of the revenue Banco Latinoamericano de Comercio Exterior broke down this way in fiscal 2025.

  1. PEMember$15.2M725%down 40% from 2024
  2. SR$13.9M723%
  3. PA$8.3M714%up 29% from 2024
  4. HN$6.6M711%down 10% from 2024
  5. PY$5.1M78%up 86% from 2024
  6. JM$3.7M76%down 9% from 2024
  7. SV$3.6M76%up 26% from 2024
  8. UY$3.4M76%up 81% from 2024
  9. PR$1.1M72%up 98% from 2024
Regions by year
Regions202320242025
PEMember$20.5M$25.3M$15.2M
SR$0$0$13.9M
PA$6.8M$6.4M$8.3M
HN$6.3M$7.4M$6.6M
PY$2.7M$2.7M$5.1M
JM$3.3M$4.1M$3.7M
SV$2.2M$2.8M$3.6M
UY$1.2M$1.9M$3.4M
PR$0$577.0K$1.1M

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Other costs32¢$97.8M
  • Profit68¢$205.9M

Out of $303.6M in revenue.4

Financial statements

Revenue891011124$303.6M in 2024+120% since 2017
0$100.0M$200.0M$300.0M$400.0M2017: $138.3M$138.3M20172018: $127.6M$127.6M2018−8%2019: $126.7M$126.7M2019−1%2020: $99.2M$99.2M2020−22%2021: $104.2M$104.2M2021+5%2022: $166.7M$166.7M2022+60%2023: $266.1M$266.1M2023+60%2024: $303.6M$303.6M2024+14%
Operating income891011124$303.6M in 2024+120% since 2017
0$100.0M$200.0M$300.0M$400.0M2017: $138.3M$138.3M20172018: $127.6M$127.6M2018−8%2019: $126.7M$126.7M2019−1%2020: $99.2M$99.2M2020−22%2021: $104.2M$104.2M2021+5%2022: $166.7M$166.7M2022+60%2023: $266.1M$266.1M2023+60%2024: $303.6M$303.6M2024+14%
Net income891011124$205.9M in 2024+151% since 2017
0$100.0M$200.0M$300.0M2017: $82.0M$82.0M20172018: $11.1M$11.1M2018−86%2019: $86.1M$86.1M2019+673%2020: $63.6M$63.6M2020−26%2021: $62.7M$62.7M2021−1%2022: $92.0M$92.0M2022+47%2023: $166.2M$166.2M2023+81%2024: $205.9M$205.9M2024+24%

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Deposits$71.0M$92.5M$80.6M
Investment securities$65.4M$50.8M$32.4M
Interest income on loans and advances to customers$632.0M$641.7M$566.2M
Total interest income$768.5M$785.0M$679.3M
Deposits-$289.6M-$300.9M-$217.0M
Securities sold under repurchase agreements-$8.5M-$11.7M-$9.2M
Borrowings and debt-$198.5M-$212.6M-$219.2M
Lease liabilities-$714.0K-$620.0K-$584.0K
Total interest expense-$497.3M-$525.8M-$446.1M
Net interest income$271.2M$259.2M$233.2M
Fees and commissions, net$59.0M$44.4M$32.5M
Gain (loss) on financial instruments, net$8.2M-$483.0K-$45.0K
Other income$1.1M$507.0K$462.0K
Total other income, net$68.4M$44.4M$32.9M
Total revenues$339.6M$303.6M$266.1M
Impairment losses on financial instruments-$22.1M-$17.3M-$27.5M
Salaries and other employee expenses-$55.4M-$51.9M-$47.2M
Depreciation and amortization of equipment, right-of-use and leasehold improvements-$2.9M-$2.5M-$2.3M
Amortization of intangible assets-$2.0M-$1.1M-$814.0K
Other expenses-$30.3M-$25.0M-$22.2M
Total operating expenses-$90.6M-$80.5M-$72.5M
Profit for the year$226.9M$205.9M$166.2M
Basic earnings per share (in dollars per share)$6.11$5.60$4.55
Weighted average basic shares (in shares)37.2M shares36.7M shares36.5M shares

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The story

In May 1975, the Republic of Panama proposed to the Central Bank Governors of Latin America for export finance, it was approved in 1976, organized in 1977, incoporporated in 1978, and opened for business on January 2, 1979. It was the first Latin American bank to be listed on the NYSE in 1992. It was one of the tenants in One World Trade Center. It is one of the Companies listed on the New York Stock Exchange (B).

From Wikipedia’s article on Banco Latinoamericano de Comercio Exterior, shared under CC BY-SA 4.0.6

Products and brands

The company finances Latin America and the Caribbean foreign trade through commercial (short and medium-term bilateral, structured and syndicated credits, and loan commitments) and treasury segments.

From Wikipedia’s article on Banco Latinoamericano de Comercio Exterior, shared under CC BY-SA 4.0.6

Former names

  • FOREIGN TRADE BANK OF LATIN AMERICA, INC.Jun 25, 2009 to Jun 23, 20265
  • LATIN AMERICAN EXPORT BANKFeb 10, 1997 to Jun 22, 20095

Timeline

  1. Jan 3, 1994Went public Listed on NYSE1

Recent filings

  1. Sep 16, 20266-K
  2. Aug 31, 20264
  3. Aug 24, 20264
  4. Aug 3, 20266-K
  5. Jul 29, 20266-K
  6. Jul 28, 20266-K
  7. Jun 23, 20266-K
  8. Jun 9, 20264
  9. Jun 8, 20266-K
  10. May 5, 20266-K
  11. Apr 30, 20266-K
  12. Apr 28, 20266-K
  13. Apr 24, 20266-K
  14. Apr 21, 20266-K
  15. Apr 20, 202620-F

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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