Foreign Trade Bank of Latin America Files 6-K

TL;DR

LATAM bank (FOREIGN TRADE BANK OF LATIN AMERICA, INC.) filed its 6-K for Sept 30, 2024. Based in Panama.

AI Summary

Banco Latinoamericano de Comercio Exterior, S.A. (doing business as Foreign Trade Bank of Latin America, Inc.) filed a Form 6-K on October 31, 2024, reporting for the period ending September 30, 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 provides an update on the company's reporting status and location, which is important for investors tracking its regulatory compliance and operational base.

Risk Assessment

Risk Level: low — This is a routine filing for a foreign private issuer, providing basic company information and reporting status.

Key Numbers

• 0001628280-24-044580 — Accession Number (Unique identifier for the filing)
• 1-11414 — SEC File Number (SEC's file number for the company)

Key Players & Entities

• FOREIGN TRADE BANK OF LATIN AMERICA, INC. (company) — Registrant's English name
• BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A. (company) — Registrant's official name
• 20241031 (date) — Filing date
• 20240930 (date) — Period of report
• Panama City, Republic of Panama (location) — Principal executive office location

FAQ

Key Financial Figures

• $53.0 M — r BLADEX ANNOUNCES 3Q24 NET PROFIT OF $53.0 MILLION, OR $1.44 PER SHARE ANNUALIZED RE
• $1.44 — ES 3Q24 NET PROFIT OF $53.0 MILLION, OR $1.44 PER SHARE ANNUALIZED RETURN ON EQUITY O
• $53.0 million — ened Profitability , with Net Profit of $53.0 million in 3Q24 (+16% YoY) and $154.4 million i
• $154.4 million — of $53.0 million in 3Q24 (+16% YoY) and $154.4 million in 9M24 (+29% YoY), fostered by higher
• $66.6 million — et Interest Income ("NII") increased to $66.6 million in 3Q24 (+10% YoY) and $192.3 million i
• $192.3 million — to $66.6 million in 3Q24 (+10% YoY) and $192.3 million in 9M24 (+15% YoY), driven by 8 bp YoY
• $10.5 million — f funds management. Fee income reached $10.5 million for 3Q24 (-6% YoY), amounting $32.5 mil
• $32.5 million — 5 million for 3Q24 (-6% YoY), amounting $32.5 million for 9M24 (+45% YoY), mostly driven by t
• $10,875 million — New all-time high Credit Portfolio at $10,875 million as of September 30, 2024 (+18% YoY). C
• $9,673 million — nces also reached a new record level of $9,673 million at the end of 3Q24 (+17% YoY), denoting
• $1,202 million — tingent liquidity funding, increased to $1,202 million (+20% YoY). Healthy asset quality. Mos
• $17 million — Q24, impaired credits (Stage 3) reached $17 million or 0.2% of total Credit Portfolio, with
• $5,639 million — it base, reaching a new record level of $5,639 million at the end of 3Q24 (+34% YoY), represen
• $1,708 m — capital markets. Liquidity position at $1,708 million, or 15% of total assets as of Sep
• $8,070 million — (or the "Loan Portfolio"), amounted to $8,070 million at the end of 3Q24, increasing 9% QoQ a

Filing Documents

• bancolatinoamericano6-k.htm (6-K) — 1447KB
• image6a.jpg (GRAPHIC) — 31KB
• picture1a.jpg (GRAPHIC) — 39KB
• screenshot2024-10x29100607a.jpg (GRAPHIC) — 44KB
• screenshot2024-10x29100834a.jpg (GRAPHIC) — 89KB
• screenshot2024-10x29101114a.jpg (GRAPHIC) — 11KB
• screenshot2024-10x29105845a.jpg (GRAPHIC) — 271KB
• screenshot2024-10x30125759a.jpg (GRAPHIC) — 23KB
• screenshot2024-10x30125809a.jpg (GRAPHIC) — 38KB
• screenshot2024-10x30130345a.jpg (GRAPHIC) — 26KB
• screenshot2024-10x30130434a.jpg (GRAPHIC) — 47KB
• screenshot2024-10x31143236a.jpg (GRAPHIC) — 61KB
• 0001628280-24-044580.txt ( ) — 2386KB

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) DateOctober 31, 2024 By s Ana Graciela de Mndez Name Ana Graciela de Mndez Title Chief Financial Officer BLADEX ANNOUNCES 3Q24 NET PROFIT OF $53.0 MILLION, OR $1.44 PER SHARE ANNUALIZED RETURN ON EQUITY OF 16.4% IN 3Q24 PANAMA CITY, REPUBLIC OF PANAMA, OCTOBER 29, 2024 Banco Latinoamericano de Comercio Exterior, S.A. (NYSE BLX, "Bladex", or "the Bank"), a Panama-based multinational bank originally established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade and economic integration in the Region, announced today its results for the Third Quarter ("3Q24") and nine months ("9M24") ended September 30, 2024. The consolidated financial information in this document has been prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB"). FINANCIAL SNAPSHOT (US$ million, except percentages and per share amounts) 3Q24 2Q24 3Q23 9M24 9M23 Key Income Statement Highlights Net Interest Income (NII) $ 66.6 $ 62.8 $ 60.5 $ 192.3 $ 167.6 Fees and commissions, net $ 10.5 $ 12.5 $ 11.1 $ 32.5 $ 22.4 (Loss) gain on financial instruments, net $ 0.3 $ (0.4) $ 0.0 $ 0.1 $ (1.9) Total revenues $ 77.6 $ 75.0 $ 71.8 $ 225.2 $ 188.3 Provision for credit losses $ (3.5) $ (6.7) $ (6.5) $ (13.3) $ (17.5) Operating expenses $ (21.0) $ (18.2) $ (19.5) $ (57.6) $ (51.0) Profit for the period $ 53.0 $ 50.1 $ 45.8 $ 154.4 $ 119.8 Profitability Ratios Earnings per Share (EPS) (1) $ 1.44 $ 1.36 $ 1.25 $ 4.20 $ 3.28 Return on Average Equity ("ROE") (2) 16.4 % 16.2 % 15.9 % 16.4 % 14.4 % Return on Average Assets (ROA) (3) 1.9 % 1.9 % 1.8 % 1.9 % 1.7 % Net Interest Margin (NIM) (4) 2.55 % 2.43

View Full Filing

View this 6-K filing on SEC EDGAR