Foreign Trade Bank Files Routine 6-K Report

TL;DR

**FOREIGN TRADE BANK OF LATIN AMERICA just filed a routine 6-K, confirming its foreign private issuer status and 20-F annual report filing.**

AI Summary

This 6-K filing, submitted on February 28, 2024, by FOREIGN TRADE BANK OF LATIN AMERICA, INC. (also known as BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.), is a routine report of a foreign private issuer. It indicates the registrant's principal executive office in Panama City, Republic of Panama, and confirms its filing status under Form 20-F. The filing covers the month of February 2024.

Why It Matters

This filing is a standard regulatory disclosure for foreign private issuers, confirming the company's compliance with SEC reporting requirements. It provides basic identification and filing status information without disclosing new financial or operational developments.

Risk Assessment

Risk Level: low — This is a standard regulatory filing that does not contain any new material information, financial disclosures, or significant events that would impact the company's risk profile.

Key Players & Entities

• FOREIGN TRADE BANK OF LATIN AMERICA, INC. (company) — registrant
• BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A. (company) — registrant's exact name
• SEC (company) — regulatory body

FAQ

Key Financial Figures

• $46.4 M — r BLADEX ANNOUNCES 4Q23 NET PROFIT OF $46.4 MILLION, OR $1.27 PER SHARE, REACHING AN
• $1.27 — ES 4Q23 NET PROFIT OF $46.4 MILLION, OR $1.27 PER SHARE, REACHING AN ANNUAL NET PROFI
• $166.2 M — SHARE, REACHING AN ANNUAL NET PROFIT OF $166.2 MILLION, OR $4.55 PER SHARE PANAMA CITY
• $4.55 — ANNUAL NET PROFIT OF $166.2 MILLION, OR $4.55 PER SHARE PANAMA CITY, REPUBLIC OF PA
• $46.4 million — e in Profitability , with Net Profit of $46.4 million in 4Q23 (+50% YoY), resulting in an ann
• $166.2 million — resulting in an annual record level of $166.2 million in FY23 (+81% YoY), fostered by higher
• $65.6 million — ing for eleventh consecutive quarter at $65.6 million in 4Q23 (+33% YoY), reaching $233.2 mil
• $233.2 million — .6 million in 4Q23 (+33% YoY), reaching $233.2 million (+58% YoY) in FY23, driven by higher av
• $10.1 million — FY23 (+78 bps YoY). Fee income totaled $10.1 million for 4Q23 (+91% YoY), boosting fee incom
• $32.5 million — boosting fee income to record levels of $32.5 million (+64% YoY) in FY23, deriving from highe
• $9,532 million — ies. All-time high Credit Portfolio at $9,532 million as of December 31, 2023 (+9% YoY). Com
• $8,521 million — nces also reached a new record level of $8,521 million at the end of 4Q23 (+11% YoY), as new c
• $1,011 m — vestment Portfolio relatively stable at $1,011 million, mostly consisting of investment-
• $10 million — credits (Stage 3) remained unchanged at $10 million or 0.1% of total Credit Portfolio, with
• $4,408 million — ecord deposits level in 4Q23 , reaching $4,408 million (+38% YoY), coupled with ample and cons

Filing Documents

• bancolatinoamericano6-k.htm (6-K) — 1611KB
• image.jpg (GRAPHIC) — 61KB
• image1.jpg (GRAPHIC) — 16KB
• image2.jpg (GRAPHIC) — 36KB
• image3.jpg (GRAPHIC) — 296KB
• image4.jpg (GRAPHIC) — 23KB
• image5.jpg (GRAPHIC) — 36KB
• image6.jpg (GRAPHIC) — 46KB
• 0001628280-24-007499.txt ( ) — 2320KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. FOREIGN TRADE BANK OF LATIN AMERICA, INC. (Registrant) DateFebruary 28, 2024 By s Ana Graciela de Mndez Name Ana Graciela de Mndez Title Chief Financial Officer BLADEX ANNOUNCES 4Q23 NET PROFIT OF $46.4 MILLION, OR $1.27 PER SHARE, REACHING AN ANNUAL NET PROFIT OF $166.2 MILLION, OR $4.55 PER SHARE PANAMA CITY, REPUBLIC OF PANAMA, February 22, 2024 Banco Latinoamericano de Comercio Exterior, S.A. (NYSE BLX, "Bladex", or "the Bank"), a Panama-based multinational bank originally established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade and economic integration in the Region, announced today its results for the Fourth Quarter ("4Q23") and Full-year ("FY23") ended December 31, 2023. The consolidated financial information in this document has been prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB"). FINANCIAL SNAPSHOT (US$ million, except percentages and per share amounts) 4Q23 3Q23 4Q22 2023 2022 Key Income Statement Highlights Net Interest Income (NII) $ 65.6 $ 60.5 $ 49.4 $ 233.2 $ 148.0 Fees and commissions, net $ 10.1 $ 11.1 $ 5.3 $ 32.5 $ 19.8 Gain (loss) on financial instruments, net $ 1.9 $ 0.0 $ (1.6) $ 0.0 $ (1.4) Total revenues $ 77.8 $ 71.8 $ 53.2 $ 266.1 $ 166.7 Provision for credit losses $ (10.0) $ (6.5) $ (5.8) $ (27.5) $ (19.5) Operating expenses $ (21.4) $ (19.5) $ (16.4) $ (72.5) $ (55.1) Profit for the period $ 46.4 $ 45.8 $ 31.0 $ 166.2 $ 92.0 Profitability Ratios Earnings per Share (EPS) (1) $ 1.27 $ 1.25 $ 0.85 $ 4.55 $ 2.54 Return on Average Equity ("ROE") (2) 15.5 % 15.9 % 11.6 % 14.7 % 8.9 % Return on Average Assets (ROA) (3) 1.8 % 1.8 % 1.3 % 1.7 % 1.0 % Net Interest Margin

View Full Filing

View this 6-K filing on SEC EDGAR