Foreign Trade Bank of Latin America Files 6-K

TL;DR

LATAM TRADE BANK (BANC) filed a 6-K on 4/22. Foreign issuer status confirmed.

AI Summary

Foreign Trade Bank of Latin America, Inc. (also known as Banco Latinoamericano de Comercio Exterior, S.A.) filed a Form 6-K on April 22, 2024, for the month of April 2024. The filing indicates the company is a foreign private issuer and will file annual reports under Form 20-F. The company's principal executive office is located in Panama City, Republic of Panama.

Why It Matters

This filing serves as a routine update for investors, confirming the company's status as a foreign private issuer and its reporting obligations.

Risk Assessment

Risk Level: low — This is a routine filing confirming the company's reporting status and location, with no new financial or operational information provided.

Key Players & Entities

• FOREIGN TRADE BANK OF LATIN AMERICA, INC. (company) — Filer
• BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A. (company) — Registrant's name in Spanish
• April 22, 2024 (date) — Filing date
• Panama City, Republic of Panama (location) — Principal Executive Office

FAQ

Key Financial Figures

• $51.3 M — r BLADEX ANNOUNCES 1Q24 NET PROFIT OF $51.3 MILLION, OR $1.40 PER SHARE, EXPANDING IT
• $1.40 — ES 1Q24 NET PROFIT OF $51.3 MILLION, OR $1.40 PER SHARE, EXPANDING ITS ANNUALIZED RET
• $51.3 million — ased Profitability , with Net Profit of $51.3 million in 1Q24 (+39% YoY), fostered by higher
• $62.9 million — . Net Interest Income ("NII") stood at $62.9 million in 1Q24 (+20% YoY), driven by a 6 bps Y
• $9.5 million — e gap. Fee income increased 97% YoY to $9.5 million for 1Q24, deriving from improved result
• $9,789 million — New all-time high Credit Portfolio at $9,789 million as of March 31, 2024 (+12 YoY). Commer
• $8,690 million — balances reached a new record level of $8,690 million at the end of 1Q24 (+12% YoY), denoting
• $1,099 million — ling strategy. Investment Portfolio at $1,099 million (+17% YoY), mostly consisting of invest
• $10 million — credits (Stage 3) remained unchanged at $10 million or 0.1% of total Credit Portfolio, with
• $4,724 million — ained growth of deposits base, reaching $4,724 million at the end of 1Q24 (+32% YoY), represen
• $1,764 m — capital markets. Liquidity position at $1,764 million, or 17% of total assets as of Mar
• $7,350 million — (or the "Loan Portfolio"), amounted to $7,350 million at the end of 1Q24, increasing 2% QoQ a
• $1,340 million — ntingencies and acceptances amounted to $1,340 million at the end of 1Q24, increasing 1% QoQ a
• $8,521 million — at the end of 1Q24, increasing 2% from $8,521 million in the prior quarter and increasing 12%
• $7,778 million — e prior quarter and increasing 12% from $7,778 million a year ago. In addition, the average Co

Filing Documents

• bancolatinoamericano6-k.htm (6-K) — 1200KB
• image.jpg (GRAPHIC) — 36KB
• image1.jpg (GRAPHIC) — 42KB
• image2.jpg (GRAPHIC) — 59KB
• image3.jpg (GRAPHIC) — 16KB
• image4.jpg (GRAPHIC) — 39KB
• image5.jpg (GRAPHIC) — 345KB
• image6.jpg (GRAPHIC) — 23KB
• 0001628280-24-017185.txt ( ) — 1972KB

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) DateApril 22, 2024 By s Ana Graciela de Mndez Name Ana Graciela de Mndez Title Chief Financial Officer BLADEX ANNOUNCES 1Q24 NET PROFIT OF $51.3 MILLION, OR $1.40 PER SHARE, EXPANDING ITS ANNUALIZED RETURN ON EQUITY TO 16.8% IN 1Q24 PANAMA CITY, REPUBLIC OF PANAMA, April 18, 2024 Banco Latinoamericano de Comercio Exterior, S.A. (NYSE BLX, "Bladex", or "the Bank"), a Panama-based multinational bank originally established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade and economic integration in the Region, announced today its results for the First Quarter ("1Q24") ended March 31, 2024. The consolidated financial information in this document has been prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB"). FINANCIAL SNAPSHOT (US$ million, except percentages and per share amounts) 1Q24 4Q23 1Q23 Key Income Statement Highlights Net Interest Income (NII) $ 62.9 $ 65.6 $ 52.6 Fees and commissions, net $ 9.5 $ 10.1 $ 4.8 Gain on financial instruments, net $ 0.2 $ 1.9 $ 1.7 Total revenues $ 72.6 $ 77.8 $ 59.2 Provision for credit losses $ (3.0) $ (10.0) $ (6.3) Operating expenses $ (18.3) $ (21.4) $ (15.9) Profit for the period $ 51.3 $ 46.4 $ 37.0 Profitability Ratios Earnings per Share (EPS) (1) $ 1.40 $ 1.27 $ 1.02 Return on Average Equity ("ROE") (2) 16.8 % 15.5 % 13.7 % Return on Average Assets (ROA) (3) 1.9 % 1.8 % 1.6 % Net Interest Margin (NIM) (4) 2.47 % 2.62 % 2.41 % Net Interest Spread (NIS) (5) 1.80 % 1.92 % 1.82 % Efficiency Ratio (6) 25.2 % 27.6 % 26.9 % Assets, Capital, Liquidity Credit Quality Credit Portfolio (7) $ 9,789 $ 9,532 $

View Full Filing

View this 6-K filing on SEC EDGAR