Bladex is a leading trade finance bank that provides financial solutions across Latin America. It has a unique shareholder structure consisting of 23 Latin American central banks. Bladex has demonstrated a remarkable 36-year trajectory of success, with net income of $104 million in 2015. It maintains a diversified portfolio across countries and industries in Latin America, with strong asset quality and low non-performing loans. Bladex utilizes a multi-pronged business model and leverages its expertise in trade finance to generate sustainable returns while adhering to high corporate governance standards.
The document provides an overview of Bladex, the Latin American trade finance bank. Some key points:
- Bladex has over 35 years of success in providing trade finance solutions across Latin America. It is the first Latin American bank listed on the NYSE and to receive an investment grade credit rating.
- Bladex has a unique shareholder structure consisting of central banks from 23 Latin American countries, providing substantial support.
- The bank utilizes a conservative risk management framework and focuses on strategic sectors that drive economic growth in the region like oil and gas, agriculture and manufacturing.
- Moving forward, Bladex aims to capture growth opportunities by developing new businesses while strengthening its core trade finance business
Bladex is a trade finance bank focused on Latin America. As of September 2015, key highlights included:
- Net income of $82.7 million for the first nine months of 2015, with an 11.7% return on average equity.
- Loan portfolio of $6.76 billion, with diversification across countries and industries in Latin America.
- Conservative liquidity and funding profile, including deposits from Latin American central banks providing a stable funding base.
- Solid asset quality with non-performing loans at 0.06% of the commercial portfolio and loan loss reserves well above non-accruing loans.
Investor presentation us$350 million bond issuance roadshowBladex
The document is an investor presentation by Bladex, a Latin American trade finance bank. It provides an overview of Bladex, including its history since 1979, financial highlights showing strong growth and asset quality, and investment highlights. Bladex has a unique shareholder structure as a Class A shareholder-owned bank representing Latin American countries. The presentation outlines Bladex's defined value proposition in trade finance and related products, experience in Latin America, and strategy to achieve sustainable growth through portfolio diversification.
This document contains a disclaimer and forward-looking statements regarding Bladex's presentation. It then provides a summary of Bladex's business including that it is the leading Latin American trade finance bank, has a unique shareholder structure of 23 Latin American central banks, and focuses on strategic sectors in the region like oil and gas. The presentation discusses Bladex's strategy of leveraging its origination capacity, developing emerging businesses, building new businesses, and strengthening its core business. It also highlights Bladex's focus on asset quality, diversified funding sources, conservative liquidity management, and solid financial performance and capitalization.
Ideas conference, three part advisors, llc (chicago, illinois) corporate pres...Bladex
Bladex is a leading trade finance bank focused on Latin America. It has a unique shareholder structure of 23 Latin American central banks and a long track record of success since 1979. Bladex provides integrated financial solutions across the Latin American trade value chain. It aims to leverage its regional expertise, client relationships, and funding sources to generate sustainable returns while supporting trade and economic development in Latin America. Bladex maintains a conservative risk profile and strong capital and liquidity positions.
This corporate presentation provides an overview of Bladex, a Latin American trade finance bank. Some key points:
- Bladex has demonstrated remarkable growth and success over 36+ years, maintaining investment grade credit ratings.
- It has a unique shareholder structure consisting of 23 Latin American central banks and a focus on supporting Latin American trade and economic development.
- Bladex provides trade finance and related financial products and services to corporations and financial institutions across Latin America. It focuses on strategic sectors like oil/gas and agribusiness.
- The bank emphasizes prudent risk management, strong capitalization, diversified funding sources, and consistent financial performance, with returns on equity around 11-15% and
The document provides an overview of Bladex, the Latin American trade finance bank. Some key points:
- Bladex has over 35 years of success in providing trade finance solutions across Latin America. It is the first Latin American bank listed on the NYSE and to receive an investment grade credit rating.
- Bladex has a unique shareholder structure consisting of central banks from 23 Latin American countries, providing substantial support.
- The bank utilizes a conservative risk management framework and focuses on strategic sectors that drive economic growth in the region like oil and gas, agriculture and manufacturing.
- Moving forward, Bladex aims to capture growth opportunities by developing new businesses while strengthening its core trade finance business
Bladex is a trade finance bank focused on Latin America. As of September 2015, key highlights included:
- Net income of $82.7 million for the first nine months of 2015, with an 11.7% return on average equity.
- Loan portfolio of $6.76 billion, with diversification across countries and industries in Latin America.
- Conservative liquidity and funding profile, including deposits from Latin American central banks providing a stable funding base.
- Solid asset quality with non-performing loans at 0.06% of the commercial portfolio and loan loss reserves well above non-accruing loans.
Investor presentation us$350 million bond issuance roadshowBladex
The document is an investor presentation by Bladex, a Latin American trade finance bank. It provides an overview of Bladex, including its history since 1979, financial highlights showing strong growth and asset quality, and investment highlights. Bladex has a unique shareholder structure as a Class A shareholder-owned bank representing Latin American countries. The presentation outlines Bladex's defined value proposition in trade finance and related products, experience in Latin America, and strategy to achieve sustainable growth through portfolio diversification.
This document contains a disclaimer and forward-looking statements regarding Bladex's presentation. It then provides a summary of Bladex's business including that it is the leading Latin American trade finance bank, has a unique shareholder structure of 23 Latin American central banks, and focuses on strategic sectors in the region like oil and gas. The presentation discusses Bladex's strategy of leveraging its origination capacity, developing emerging businesses, building new businesses, and strengthening its core business. It also highlights Bladex's focus on asset quality, diversified funding sources, conservative liquidity management, and solid financial performance and capitalization.
Ideas conference, three part advisors, llc (chicago, illinois) corporate pres...Bladex
Bladex is a leading trade finance bank focused on Latin America. It has a unique shareholder structure of 23 Latin American central banks and a long track record of success since 1979. Bladex provides integrated financial solutions across the Latin American trade value chain. It aims to leverage its regional expertise, client relationships, and funding sources to generate sustainable returns while supporting trade and economic development in Latin America. Bladex maintains a conservative risk profile and strong capital and liquidity positions.
This corporate presentation provides an overview of Bladex, a Latin American trade finance bank. Some key points:
- Bladex has demonstrated remarkable growth and success over 36+ years, maintaining investment grade credit ratings.
- It has a unique shareholder structure consisting of 23 Latin American central banks and a focus on supporting Latin American trade and economic development.
- Bladex provides trade finance and related financial products and services to corporations and financial institutions across Latin America. It focuses on strategic sectors like oil/gas and agribusiness.
- The bank emphasizes prudent risk management, strong capitalization, diversified funding sources, and consistent financial performance, with returns on equity around 11-15% and
10th annual best of uncovered 2015, singular research (los angeles, californi...Bladex
This presentation provides an overview of Bladex, a Latin American trade finance bank. Some key points:
- Bladex has over 35 years of experience in trade finance and is rated investment grade by Moody's, Fitch, and S&P.
- It has a unique shareholder structure of 23 Latin American central banks and financial institutions.
- Bladex focuses on providing trade finance and related services to corporations and financial institutions across Latin America.
- It maintains a conservative risk profile and strong asset quality, with non-performing loans at just 0.06% of its commercial portfolio.
The document summarizes Banco Latinoamericano de Comercio Exterior, S.A.'s (Bladex) unaudited financial results for the year ended December 31, 2015. Key highlights include:
- Net income increased 2% year-over-year to $104 million, driven by higher revenues and lower expenses partially offset by higher credit loss provisions.
- Business net income, which excludes non-core gains/losses, was flat at $99 million year-over-year.
- The commercial loan portfolio grew 3% to $7.2 billion, with growth focused in Central America and the Caribbean.
- Credit quality remained strong with non-performing loans covered
Bladex is a leading trade finance bank focused on Latin America. It provides integrated financial solutions across Latin America's foreign trade value chain. Bladex has a unique shareholder structure consisting of 23 Latin American central banks and is the only Latin American bank rated investment grade. Bladex has a diversified portfolio across industries and countries in Latin America and focuses on trade finance and working capital loans with short maturities to manage risk. Bladex maintains a strong capital and liquidity position supported by diversified funding sources.
The bank reported financial results for the first quarter of 2016, with business profit increasing 11% quarter-over-quarter and 2% year-over-year. Net profit increased 1% quarter-over-quarter but decreased 22% year-over-year due to negative non-core results from investment funds. Higher interest rates increased net interest income and margins. Credit quality remained stable with non-performing loans at 0.43% and allowance coverage of 3.4 times non-performing loans. Operating expenses decreased while efficiency ratios improved. Return on equity decreased from prior periods due to non-core investment fund results.
Bladex is a trade finance bank focused on Latin America that has operated since 1979. It has a unique shareholding structure of 23 Latin American governments. The presentation discusses Bladex's business model, which focuses on trade finance throughout the trade value chain in Latin America. It also covers Bladex's financial performance, liquidity management, portfolio management, and growth opportunities. Bladex aims to provide financial solutions and support regional economic integration in Latin America.
The document reports on the bank's 2Q16 earnings results. It discusses solid business performance in a challenging quarter, with total quarterly credit disbursements up and stable net margins. However, net profit decreased QoQ due to higher credit provisions to address isolated restructuring cases and recovery efforts. Asset quality remains strong and the syndications platform executed five new deals in Q2. The outlook for the remainder of the year is positive with economic stabilization and projected portfolio growth of around 3% for 2016 and stable net interest margin of around 2%. Key financial metrics such as earnings per share, return on equity and assets, efficiency ratio and capital ratios are reported.
- The bank reported a 2% year-over-year decrease in net income for Q2 2015 to $20.2 million, driven by higher credit provisions and lower fees. Net income for the first six months of 2015 increased 11% to $49.1 million.
- Net interest income grew 7% for the first six months due to a 6% increase in average loan balances. However, net interest margin declined slightly to 1.79% for Q2 2015 due to pressure on lending margins.
- The commercial loan portfolio balance increased 7% year-over-year to $7.4 billion as of the end of Q2 2015. Credit quality remained strong with non-accruing loans at
This document contains forward-looking statements about the Bank's performance and business outlook. It notes several factors that could cause actual results to differ from expectations, such as credit growth, interest rates, economic conditions, strategy execution, credit quality, and regulatory changes. It then provides an overview of the Bank, including its shareholder structure, ratings, business lines in financial intermediation, structuring, and treasury, regional focus in Latin America, and adherence to world-class governance and risk management standards.
Bladex's Investor Presentation 2 Q16 from Bladexycoronado0011
This presentation provides an overview of Bladex, a leading Latin American trade finance bank. Some key points:
- Bladex has over 35 years of success in Latin America and was the first Latin American bank listed on the NYSE.
- It has a unique shareholder structure of 23 Latin American central banks which provide substantial support.
- Bladex focuses on trade finance and working capital loans across various industries in Latin America. It aims to leverage its expertise in the region to support trade and economic growth.
- The bank has a goal of delivering consistent returns above its cost of capital through its core financial intermediation activities while also tapping additional income sources like syndications, structuring,
This presentation discusses the Bank's third quarter highlights and financial performance. Some key points:
- Business profit increased 27% quarter-over-quarter and 6% year-to-date, driven by higher net interest income from margin expansion.
- Net interest margin improved to 2.13% as interest rates increased, boosting the yield on earning assets.
- Credit quality remained stable with non-performing loans at 1.31% of the portfolio and reserves covering 1.3x of non-performing loans.
- The outlook is improving as Brazil and Argentina are expected to exit recession in 2017, which will support further growth in the bank's business.
This presentation summarizes the Bank's financial performance for the first quarter of 2015. Key highlights include:
- Net income of $28.8 million, up 23% year-over-year due to higher net interest income and lower operating expenses.
- Net interest margin of 1.84%, up 5 basis points year-over-year from higher loan balances and lower funding costs.
- Commercial portfolio balances of $7.1 billion, up 7% year-over-year, though down 1% quarter-over-quarter.
- Non-accrual portfolio increased to $20.8 million with additional specific reserves of $1.6 million.
- Operating expenses decreased 3% year-
- The presentation summarizes the bank's 2Q17 earnings results, highlighting an 8.1% ROAE for the first half of 2017. Key highlights included lower NII and NIM from declining loan balances, improved fee income from syndication transactions, and higher provisions resulting in increased reserve coverage. The bank maintained a strong capital position with a Tier 1 Basel III ratio of 20.3% and continues its strategy of reducing risk through lower country, industry, and client concentrations. Forward-looking statements were provided but actual results may differ due to various risk factors.
- The bank reported business net income of $78.0 million for 9M15, a 7% increase over the same period last year, driven by a 5% increase in net interest income from higher loan balances.
- Net income was $82.7 million for 9M15, a 17% increase over 9M14, which includes non-core income from participation in investment funds.
- Asset quality remains strong, with non-accrual loans representing only 0.31% of the total loan portfolio and reserves covering non-accrual loans 4.5 times.
This corporate presentation by Banco Latinoamericano de Comercio Exterior, S.A. provides an overview of the bank as of December 31, 2016. It highlights Bladex's leading franchise in Latin American trade finance, with a 36-year track record. Bladex has a unique shareholder structure consisting of 23 Latin American central banks. The presentation outlines Bladex's business model, strategy focused on diversification, prudent risk management practices, and solid financial performance in recent years as shown by metrics such as return on average equity of 8.8% in 2016.
This presentation provides an overview of Bladex, a leading Latin American trade finance bank. Some key points:
- Bladex has over 35 years of success in Latin America and was the first Latin American bank listed on the NYSE.
- It has a unique shareholder structure of 23 Latin American central banks which provide substantial support.
- Bladex focuses on trade finance and working capital loans across various industries in Latin America. It aims to leverage its expertise in the region to support trade and economic growth.
- The bank has a goal of delivering consistent returns above its cost of capital through its core financial intermediation activities while also tapping additional income sources like syndications, structuring,
Ideas conference, three part advisors, llc (chicago, illinois) presentación c...Bladex
This presentation provides an overview of Bladex, a Latin American trade finance bank. Some key points:
1) Bladex has over 35 years of success financing Latin American trade and has a unique shareholder structure of 23 Latin American central banks.
2) It focuses on trade financing and related services across Latin America and has a diverse portfolio across industries and countries to mitigate risk.
3) Bladex maintains a strong financial position with consistent profitability, low non-performing loans, and diversified funding sources including deposits from central bank shareholders.
This corporate presentation by Banco Latinoamericano de Comercio Exterior, S.A. provides an overview of the bank and its business. Key points include:
- Banco Latinoamericano is the leading Latin American trade finance bank, providing integrated financial solutions across Latin America's foreign trade value chain. It has a unique shareholder structure of Latin American central banks.
- The bank has a strong track record, being the first Latin American bank listed on the NYSE and rated investment grade. It maintains investment-grade credit ratings from Moody's, Fitch, and S&P.
- The bank focuses on trade finance, working capital loans, and treasury services. It has a diversified
Blx corporate presentation 1q17 bd conf london 3 4 may 17Bladex
1) Deutsche Bank held a conference in London on May 3-4, 2017 to discuss its Andean Region business.
2) The presentation included forward-looking statements and disclaimed risks and uncertainties that could impact Deutsche Bank's expectations.
3) Deutsche Bank has a leading franchise in the region with a solid track record, as demonstrated by various financial highlights provided from 2015 to the first quarter of 2017.
Presentación a inversionistas gira para la emisión de bono por us$350 millo...Bladex
The document is an investor presentation by Bladex, a Latin American trade finance bank. It provides an overview of Bladex, including its history since 1979, financial highlights showing strong growth and asset quality, and investment highlights. Bladex has a unique shareholder structure as a Class A shareholder-owned bank representing Latin American countries. The presentation outlines Bladex's defined value proposition in trade finance and related products across Latin America, supported by diversified clients and business fundamentals in the growing region.
This presentation provides an overview of Banco Latinoamericano de Comercio Exterior, S.A. (BLADEX), including:
- BLADEX's business model focuses on providing trade finance and related financial solutions in Latin America, leveraging over 40 years of experience in the region.
- The commercial portfolio is well-diversified across industries, countries, and client types, with a focus on investment grade exposures. Over half of the portfolio is comprised of loans to financial institutions.
- Treasury and funding operations maintain strong liquidity, with a liquidity coverage ratio of over 120% as of March 2020. Deposits from central bank shareholders provide stable funding.
- Financial
10th annual best of uncovered 2015, singular research (los angeles, californi...Bladex
This presentation provides an overview of Bladex, a Latin American trade finance bank. Some key points:
- Bladex has over 35 years of experience in trade finance and is rated investment grade by Moody's, Fitch, and S&P.
- It has a unique shareholder structure of 23 Latin American central banks and financial institutions.
- Bladex focuses on providing trade finance and related services to corporations and financial institutions across Latin America.
- It maintains a conservative risk profile and strong asset quality, with non-performing loans at just 0.06% of its commercial portfolio.
The document summarizes Banco Latinoamericano de Comercio Exterior, S.A.'s (Bladex) unaudited financial results for the year ended December 31, 2015. Key highlights include:
- Net income increased 2% year-over-year to $104 million, driven by higher revenues and lower expenses partially offset by higher credit loss provisions.
- Business net income, which excludes non-core gains/losses, was flat at $99 million year-over-year.
- The commercial loan portfolio grew 3% to $7.2 billion, with growth focused in Central America and the Caribbean.
- Credit quality remained strong with non-performing loans covered
Bladex is a leading trade finance bank focused on Latin America. It provides integrated financial solutions across Latin America's foreign trade value chain. Bladex has a unique shareholder structure consisting of 23 Latin American central banks and is the only Latin American bank rated investment grade. Bladex has a diversified portfolio across industries and countries in Latin America and focuses on trade finance and working capital loans with short maturities to manage risk. Bladex maintains a strong capital and liquidity position supported by diversified funding sources.
The bank reported financial results for the first quarter of 2016, with business profit increasing 11% quarter-over-quarter and 2% year-over-year. Net profit increased 1% quarter-over-quarter but decreased 22% year-over-year due to negative non-core results from investment funds. Higher interest rates increased net interest income and margins. Credit quality remained stable with non-performing loans at 0.43% and allowance coverage of 3.4 times non-performing loans. Operating expenses decreased while efficiency ratios improved. Return on equity decreased from prior periods due to non-core investment fund results.
Bladex is a trade finance bank focused on Latin America that has operated since 1979. It has a unique shareholding structure of 23 Latin American governments. The presentation discusses Bladex's business model, which focuses on trade finance throughout the trade value chain in Latin America. It also covers Bladex's financial performance, liquidity management, portfolio management, and growth opportunities. Bladex aims to provide financial solutions and support regional economic integration in Latin America.
The document reports on the bank's 2Q16 earnings results. It discusses solid business performance in a challenging quarter, with total quarterly credit disbursements up and stable net margins. However, net profit decreased QoQ due to higher credit provisions to address isolated restructuring cases and recovery efforts. Asset quality remains strong and the syndications platform executed five new deals in Q2. The outlook for the remainder of the year is positive with economic stabilization and projected portfolio growth of around 3% for 2016 and stable net interest margin of around 2%. Key financial metrics such as earnings per share, return on equity and assets, efficiency ratio and capital ratios are reported.
- The bank reported a 2% year-over-year decrease in net income for Q2 2015 to $20.2 million, driven by higher credit provisions and lower fees. Net income for the first six months of 2015 increased 11% to $49.1 million.
- Net interest income grew 7% for the first six months due to a 6% increase in average loan balances. However, net interest margin declined slightly to 1.79% for Q2 2015 due to pressure on lending margins.
- The commercial loan portfolio balance increased 7% year-over-year to $7.4 billion as of the end of Q2 2015. Credit quality remained strong with non-accruing loans at
This document contains forward-looking statements about the Bank's performance and business outlook. It notes several factors that could cause actual results to differ from expectations, such as credit growth, interest rates, economic conditions, strategy execution, credit quality, and regulatory changes. It then provides an overview of the Bank, including its shareholder structure, ratings, business lines in financial intermediation, structuring, and treasury, regional focus in Latin America, and adherence to world-class governance and risk management standards.
Bladex's Investor Presentation 2 Q16 from Bladexycoronado0011
This presentation provides an overview of Bladex, a leading Latin American trade finance bank. Some key points:
- Bladex has over 35 years of success in Latin America and was the first Latin American bank listed on the NYSE.
- It has a unique shareholder structure of 23 Latin American central banks which provide substantial support.
- Bladex focuses on trade finance and working capital loans across various industries in Latin America. It aims to leverage its expertise in the region to support trade and economic growth.
- The bank has a goal of delivering consistent returns above its cost of capital through its core financial intermediation activities while also tapping additional income sources like syndications, structuring,
This presentation discusses the Bank's third quarter highlights and financial performance. Some key points:
- Business profit increased 27% quarter-over-quarter and 6% year-to-date, driven by higher net interest income from margin expansion.
- Net interest margin improved to 2.13% as interest rates increased, boosting the yield on earning assets.
- Credit quality remained stable with non-performing loans at 1.31% of the portfolio and reserves covering 1.3x of non-performing loans.
- The outlook is improving as Brazil and Argentina are expected to exit recession in 2017, which will support further growth in the bank's business.
This presentation summarizes the Bank's financial performance for the first quarter of 2015. Key highlights include:
- Net income of $28.8 million, up 23% year-over-year due to higher net interest income and lower operating expenses.
- Net interest margin of 1.84%, up 5 basis points year-over-year from higher loan balances and lower funding costs.
- Commercial portfolio balances of $7.1 billion, up 7% year-over-year, though down 1% quarter-over-quarter.
- Non-accrual portfolio increased to $20.8 million with additional specific reserves of $1.6 million.
- Operating expenses decreased 3% year-
- The presentation summarizes the bank's 2Q17 earnings results, highlighting an 8.1% ROAE for the first half of 2017. Key highlights included lower NII and NIM from declining loan balances, improved fee income from syndication transactions, and higher provisions resulting in increased reserve coverage. The bank maintained a strong capital position with a Tier 1 Basel III ratio of 20.3% and continues its strategy of reducing risk through lower country, industry, and client concentrations. Forward-looking statements were provided but actual results may differ due to various risk factors.
- The bank reported business net income of $78.0 million for 9M15, a 7% increase over the same period last year, driven by a 5% increase in net interest income from higher loan balances.
- Net income was $82.7 million for 9M15, a 17% increase over 9M14, which includes non-core income from participation in investment funds.
- Asset quality remains strong, with non-accrual loans representing only 0.31% of the total loan portfolio and reserves covering non-accrual loans 4.5 times.
This corporate presentation by Banco Latinoamericano de Comercio Exterior, S.A. provides an overview of the bank as of December 31, 2016. It highlights Bladex's leading franchise in Latin American trade finance, with a 36-year track record. Bladex has a unique shareholder structure consisting of 23 Latin American central banks. The presentation outlines Bladex's business model, strategy focused on diversification, prudent risk management practices, and solid financial performance in recent years as shown by metrics such as return on average equity of 8.8% in 2016.
This presentation provides an overview of Bladex, a leading Latin American trade finance bank. Some key points:
- Bladex has over 35 years of success in Latin America and was the first Latin American bank listed on the NYSE.
- It has a unique shareholder structure of 23 Latin American central banks which provide substantial support.
- Bladex focuses on trade finance and working capital loans across various industries in Latin America. It aims to leverage its expertise in the region to support trade and economic growth.
- The bank has a goal of delivering consistent returns above its cost of capital through its core financial intermediation activities while also tapping additional income sources like syndications, structuring,
Ideas conference, three part advisors, llc (chicago, illinois) presentación c...Bladex
This presentation provides an overview of Bladex, a Latin American trade finance bank. Some key points:
1) Bladex has over 35 years of success financing Latin American trade and has a unique shareholder structure of 23 Latin American central banks.
2) It focuses on trade financing and related services across Latin America and has a diverse portfolio across industries and countries to mitigate risk.
3) Bladex maintains a strong financial position with consistent profitability, low non-performing loans, and diversified funding sources including deposits from central bank shareholders.
This corporate presentation by Banco Latinoamericano de Comercio Exterior, S.A. provides an overview of the bank and its business. Key points include:
- Banco Latinoamericano is the leading Latin American trade finance bank, providing integrated financial solutions across Latin America's foreign trade value chain. It has a unique shareholder structure of Latin American central banks.
- The bank has a strong track record, being the first Latin American bank listed on the NYSE and rated investment grade. It maintains investment-grade credit ratings from Moody's, Fitch, and S&P.
- The bank focuses on trade finance, working capital loans, and treasury services. It has a diversified
Blx corporate presentation 1q17 bd conf london 3 4 may 17Bladex
1) Deutsche Bank held a conference in London on May 3-4, 2017 to discuss its Andean Region business.
2) The presentation included forward-looking statements and disclaimed risks and uncertainties that could impact Deutsche Bank's expectations.
3) Deutsche Bank has a leading franchise in the region with a solid track record, as demonstrated by various financial highlights provided from 2015 to the first quarter of 2017.
Presentación a inversionistas gira para la emisión de bono por us$350 millo...Bladex
The document is an investor presentation by Bladex, a Latin American trade finance bank. It provides an overview of Bladex, including its history since 1979, financial highlights showing strong growth and asset quality, and investment highlights. Bladex has a unique shareholder structure as a Class A shareholder-owned bank representing Latin American countries. The presentation outlines Bladex's defined value proposition in trade finance and related products across Latin America, supported by diversified clients and business fundamentals in the growing region.
This presentation provides an overview of Banco Latinoamericano de Comercio Exterior, S.A. (BLADEX), including:
- BLADEX's business model focuses on providing trade finance and related financial solutions in Latin America, leveraging over 40 years of experience in the region.
- The commercial portfolio is well-diversified across industries, countries, and client types, with a focus on investment grade exposures. Over half of the portfolio is comprised of loans to financial institutions.
- Treasury and funding operations maintain strong liquidity, with a liquidity coverage ratio of over 120% as of March 2020. Deposits from central bank shareholders provide stable funding.
- Financial
Presentation for Frontier & Emerging Markets Conference (Auberbach Grayson), ...Bladex
This document provides a corporate presentation for Banco Latinoamericano de Comercio Exterior, S.A. The presentation discusses the bank's profile, value proposition, business fundamentals, mission and vision, perspectives on Latin American trade and macroeconomics, commercial portfolio and asset quality, structuring and loan distribution, funding sources and liquidity, key performance indicators, and outlook. The bank focuses on trade finance and related services across Latin America, leveraging its ownership by 23 Latin American countries and deep knowledge of the region. It discusses strategies to diversify its portfolio, maintain strong asset quality, and access stable funding sources.
Bladex provides the following summary:
1) Bladex is a Latin American trade finance bank that provides integrated financial solutions across Latin America's foreign trade value chain and supports the region's economic integration.
2) Over its 40 years of operations, Bladex has accumulated over $280 billion in credit disbursements to support trade and growth in Latin America.
3) As of June 30, 2019, Bladex had a commercial portfolio of $4.3 billion that was well-diversified across countries, industries, and clients in Latin America.
Bladex provides a corporate presentation summarizing its business model and financial position. It highlights its long experience operating in Latin America, diversified portfolio across countries and industries, and resilient funding and liquidity positions. Bladex focuses on providing financial solutions to top-tier clients throughout Latin America, leveraging its regional expertise and relationships. It manages risks proactively through its governance, short-term lending portfolio, and liquid assets held mainly with the Federal Reserve Bank of New York.
Bladex is a multinational bank that provides financing to Latin American countries. It has a resilient business model focused on short-term lending to top-tier clients in strategic industries. Bladex's portfolio is well-diversified across countries and sectors. It has strong underwriting standards and maintains high asset quality, evidenced by collecting 99% of scheduled credit maturities. Bladex is well positioned given the short-term nature of its portfolio and its focus on investment grade countries and clients.
Bladex is a multinational bank focused on Latin America with over 40 years of experience in the region. It has a unique ownership structure consisting of central banks and other financial institutions. Bladex offers various financial solutions to top-tier clients across Latin America while managing risk through a short-term portfolio, regional diversification, and focus on investment grade clients. Bladex has demonstrated financial strength and sustainable results through different economic cycles.
Bladex's presentation discusses its business model and financial position. It highlights Bladex's longstanding franchise in Latin America due to its expertise in the region and unique shareholder structure. Bladex's portfolio has grown, with increased lending spreads. The portfolio remains diversified across industries and countries, with continued focus on high-quality clients. Bladex maintains a strong capital and liquidity position to support further business opportunities.
Bladex provides a corporate presentation summarizing its business fundamentals and positioning. It highlights Bladex's longstanding franchise in Latin America due to its unique shareholder structure and expertise in the region. Bladex's business model focuses on short-term lending to blue-chip clients in key industries. Its diversified portfolio and funding sources have supported continued growth while maintaining sound credit quality.
Bladex provides a corporate presentation summarizing its business fundamentals and positioning. It highlights Bladex's longstanding franchise in Latin America due to its regional expertise, unique shareholder structure linking it to Latin American governments, and balanced portfolio diversified across sectors and countries. Bladex also discusses its continued portfolio growth, supported by favorable market dynamics and high portfolio turnover, positioning it to leverage new opportunities in the region.
Bladex's distinctive structure and business fundamentals support its long-standing franchise throughout Latin America. The Bank's unique business model enables proactive management through economic cycles, representing a key differentiating advantage. Bladex's sustained portfolio growth and pristine balance sheet structure position it to leverage new business opportunities. Its productive assets, including loans and investments, are above pre-pandemic levels for the first time, supported by higher deposits and ample funding sources.
Bladex's distinctive structure and business fundamentals support its long-standing franchise throughout Latin America. The Bank's unique business model enables proactive management through economic cycles, representing a key differentiating advantage. Bladex's sustained portfolio growth and pristine balance sheet structure position it to leverage new business opportunities. Its productive assets, including loans and investments, are above pre-pandemic levels for the first time, supported by higher deposits and ample funding sources.
Bladex's distinctive structure and business fundamentals support its long-standing franchise throughout Latin America. Its unique business model allows proactive management through economic cycles, which is a key advantage. Bladex's sustained earnings quality and pristine balance sheet position it well for the post-pandemic period. The document discusses Bladex's business model, regional presence, client base, portfolio quality, and growth trends.
Bladex's distinctive structure and business fundamentals support its long-standing franchise throughout Latin America. The bank's unique business model enables proactive management through economic cycles. Bladex's sustained portfolio growth and pristine balance sheet structure position it to leverage new business opportunities. The bank focuses on top-tier clients across Latin America with a short-term commercial portfolio that is well-diversified across industries and countries.
Bladex's corporate presentation provides an overview of the bank and its business model. The bank has a longstanding franchise in Latin America supported by its unique shareholder structure and expertise in the region. Bladex focuses on lending to top-tier clients in strategic industries, maintaining a diversified portfolio across countries. The bank aims to leverage continued portfolio growth and balance sheet strength to capitalize on new opportunities while preserving sound asset quality.
Similar to Bladex's Investor Presentation 4Q15 (20)
- The company reported strong financial results for 4Q23 and FY 2023, with net income up 81% YoY for the full year. ROE expanded to 14.7% for 2023 compared to 8.9% in 2022.
- Key drivers were increased net interest income and margins, strong fee income growth, and improved efficiency. The loan portfolio grew 11% YoY while deposits were up 38% YoY.
- Asset quality remained strong with low credit risk and robust reserve coverage of over 650%. Guidance for 2024 forecasts continued portfolio growth, margin expansion, and ROE of 14-15%.
- The company reported strong financial results for 3Q23, with net income up 23% quarter-over-quarter and 70% year-over-year to $45.8M. Return on equity was 15.9%, up from the prior quarter and year.
- Net interest income increased 11% quarter-over-quarter and 51% year-over-year to $60.5M, driven by balance sheet growth and higher interest rates. Net interest margin expanded to 2.48% from 2.42% the prior quarter.
- Fee income grew significantly by 71% quarter-over-quarter and 77% year-over-year to $11.1M, supported by increased letters of
The bank reported strong financial results in 2Q23, with net income of $37.1 million, up 61% YoY. Return on equity was 13.4%, up from 9.1% in 2Q22. Total assets grew to $10.1 billion, up 14% YoY. Net interest margin expanded to 2.42% from 1.54% YoY due to higher interest rates. Fees also increased 52% YoY driven by growth in letters of credit. Asset quality remained strong with non-performing loans at 0.1% of total loans. The bank expects to maintain double-digit ROE and net interest margin above 2022 levels for the full year.
The document appears to be announcing earnings results for a company's second quarter of 2023. It states the time period as 2Q23 and includes the date July 2023, likely indicating when the earnings results will be released. In 3 words or less, it seems to be notifying of upcoming 2Q2023 financial results.
- The bank reported strong financial performance in 3Q22, with net income increasing 17% quarter-over-quarter and 71% year-over-year, driven by record net interest income, higher fee income, and cost control.
- Return on equity expanded to 10.3% in 3Q22, up from 9.1% in 2Q22, helped by increased profitability and efficient capital allocation.
- Net interest margin increased 23 basis points sequentially to 1.77%, reflecting higher average net lending spreads and volumes, while the commercial loan portfolio reached a record level.
- The bank reported strong financial performance in 3Q22, with net income increasing 17% quarter-over-quarter and 71% year-over-year, driven by record net interest income, higher fee income, and strict cost control.
- Return on equity expanded to 10.3% in 3Q22, up from 9.1% in 2Q22, due to higher profitability and more efficient capital allocation.
- The bank maintained a robust credit portfolio of $8.9 billion and healthy asset quality, with non-performing loans remaining low at 0.1% of total loans.
1) El Banco Latinoamericano de Comercio Exterior (Bladex) presenta su situación financiera al 30 de junio de 2022, destacando su sólida franquicia en América Latina tras más de 40 años de experiencia. 2) Su modelo de negocio único se beneficia de la alta rotación de cartera a corto plazo y la dinámica favorable del mercado, permitiéndole atender las crecientes necesidades de financiamiento de sus clientes principales. 3) El crecimiento sostenido de su cartera y estructura de balance posicion
- Bladex reported record credit book size of $8.7 billion in 2Q22, up 3% quarter-over-quarter and 33% year-over-year, driven by implementation of its new strategic plan to substantially expand its customer and product base.
- Net income increased 107% quarter-over-quarter and 63% year-over-year to $23 million in 2Q22, with return on equity expanding to 9.1% due to improved efficiency and net interest income growth.
- Asset quality remained stable with non-performing loans at 0.2% as Bladex shifted more of its portfolio to medium-term loans while preserving sound credit quality.
La presentación corporativa de Bladex describe su modelo de negocio único, que se beneficia de la alta rotación de su cartera de préstamos a corto plazo y su experiencia en América Latina, permitiéndole atender las necesidades de financiamiento en la región. Su estructura accionaria con participación de bancos centrales e instituciones latinoamericanas respalda su misión. Con activos por $8.5 mil millones, Bladex mantiene una cartera diversificada y de alta calidad con exposición a importantes instituciones financ
La presentación corporativa de Bladex describe su modelo de negocio único, que se beneficia de la alta rotación de su cartera de préstamos a corto plazo y su experiencia en América Latina, permitiéndole atender las necesidades de financiamiento en la región. Su sólida franquicia se sustenta en más de 40 años de operaciones y una cartera diversificada de clientes "blue-chip". Adicionalmente, Bladex mantiene niveles resilientes de depósitos y acceso a mercados de capitales, posicionándolo para aprovechar
La presentación corporativa de Banco Latinoamericano de Comercio Exterior (Bladex) describe su modelo de negocio único, fundamentado en más de 40 años de experiencia en América Latina. Bladex se beneficia de su alta rotación de cartera a corto plazo, dinámica de mercado favorable y conocimiento regional para atender las necesidades de financiamiento de sus clientes líderes. Su estructura accionaria y gobierno corporativo fortalecen la franquicia del banco a través de la región.
- Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) held a 1Q22 earnings presentation on May 4, 2022.
- Bladex's credit portfolio reached a record high of $8.4 billion in 1Q22, driven by strong demand and higher commodity prices. However, net profits decreased 13% year-over-year and 45% quarter-over-quarter due to increased credit loss provisions associated with portfolio growth.
- Net interest income increased 36% year-over-year and 4% quarter-over-quarter due to higher loan volumes and net interest rates, though this growth was offset by higher provision expenses.
1) El documento presenta información corporativa de Banco Latinoamericano de Comercio Exterior (Bladex) al 31 de diciembre de 2021. 2) Bladex tiene un modelo de negocio único que le permite gestionar proactivamente a través de ciclos económicos, con más de 40 años de experiencia en América Latina. 3) La cartera de préstamos de Bladex creció de manera sostenida posicionándolo para aprovechar nuevas oportunidades, respaldada por su sólida estructura accionaria y de balance.
Higher quarterly profits (up 28% QoQ and 27% YoY) on strong loan origination and Credit Portfolio growth coupled with higher lending spreads and increased fee income. Stable quarterly dividends were declared while operating expenses remained stable QoQ. Asset quality remained strong with close to zero non-performing loans, while provisions were mostly associated with credit growth.
Bladex's distinctive structure and business fundamentals support its long-standing franchise throughout Latin America. The Bank's unique business model enables proactive management through economic cycles, representing a key differentiating advantage. Bladex's sustained portfolio growth and pristine balance sheet structure position the Bank to leverage new business opportunities. The Bank focuses on top-tier clients in strategic industries across the region, with a well-diversified portfolio concentrated in investment grade countries like Mexico, Chile, and Peru.
1) El documento presenta información corporativa de Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) al 30 de septiembre de 2021. 2) Bladex es un banco multilateral fundado en 1978 por bancos centrales de América Latina y el Caribe para promover el comercio regional. 3) El modelo de negocio de Bladex se enfoca en préstamos a corto plazo a instituciones financieras y corporaciones de primera línea en América Latina, respaldado por una sólida estructura de balance y g
Bladex reported higher profits in 3Q21, up 12% quarter-over-quarter and 2% year-over-year, driven by growth in its credit portfolio and net interest income. The credit portfolio grew 7% quarter-over-quarter and 31% year-over-year due to strong loan origination. Fee income also increased from the reactivation of transaction-based business. Asset quality remained strong with negligible non-performing loans and low credit provisions.
Este documento presenta los resultados financieros del tercer trimestre de 2021 del Banco Latinoamericano de Comercio Exterior. Reportó un aumento del 12% en las utilidades trimestrales y del 2% interanual, impulsado por el crecimiento de la cartera de créditos y mayores ingresos por comisiones. La calidad de los activos se mantuvo sólida, con préstamos deteriorados cercanos a cero y reservas relativamente bajas. El banco continuará recomprando acciones y mantendrá dividendos estables, mientras expande su
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Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
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UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
2. Disclaimer
“This presentation contains forward-looking statements. These statements are made under the “safe harbor” provisions
established by the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks
and uncertainties. The forward-looking statements in this presentation reflect the expectations of the Bank’s management
and are based on currently available data; however, actual experience with respect to these factors is subject to future
events and uncertainties, which could materially impact the Bank’s expectations. A number of factors could cause actual
performance and results to differ materially from those contained in any forward-looking statement, including but not limited
to the following: the anticipated growth of the Bank’s credit portfolio, including its trade finance portfolio; the continuation of
the Bank’s preferred creditor status; the impact of increasing interest rates and of improving macroeconomic environment in
the Region on the Bank’s financial condition; the execution of the Bank’s strategies and initiatives, including its revenue
diversification strategy; the adequacy of the Bank’s allowance for credit losses; the need for additional provisions for credit
losses; the volatility of the Bank’s Treasury trading revenues; the Bank’s ability to achieve future growth and increase its
number of clients, the Bank’s ability to reduce its liquidity levels and increase its leverage; the Bank’s ability to maintain its
investment-grade credit ratings; the availability and mix of future sources of funding for the Bank’s lending operations;
potential trading losses; existing and future governmental banking and tax regulations; the possibility of fraud; and the
adequacy of the Bank’s sources of liquidity to replace large deposit withdrawals.”
2
3. A Leading Franchise with a Solid Track Record
The Latin America Trade Finance Bank Key Financial Highlights
Remarkable Trajectory: + 36 years of Success
Bladex is the Latin American Trade Finance Bank, providing integrated
financial solutions across Latin America‟s foreign trade value chain
First Latin American bank to be listed on the NYSE and to be rated
Investment Grade (both in 1992)
Currently rated Baa2 / BBB / BBB+, all with Stable outlook
Class “A” shareholders (Central Banks or designees from 23
Latin America (“LatAm”) countries) provide substantial support
and represent a direct link between the Bank and the governments
of Latin America
Multi-national DNA embedded in its ownership structure,
management and culture
Current Credit Ratings
FY2015 YoY (%)
Net Income (mm): $104.0 +2%
Net Interest Income (mm): $145.5 +3%
Return on Average Equity: 11.0% 11.5%(2)
Gross Loans (mm): $6.692 +0.1%
Total Assets (mm): $8,286 +3%
Total Deposits (mm): $2,795 +12%
Market Capitalization (mm): $1,010(1) -13%
Asset Quality (non-performing
loans to gross loan portfolio):
0.78% 0.06%(2)
1988
1992
2003
2005
2009
2014
Following incorporation in 1978, Bladex initiated its operations in 1979 and issued its
first bond in the international capital markets
Bladex is granted a license to operate as an agency by the New York State
Banking Authorities
Bladex is the First Latin American bank registered with the SEC for its IPO,
establishing a full listing on the NYSE
Bladex conducts a Common Stock Rights Offering, with stand-by
commitments issued by a group of Class A shareholders and multilateral
organizations
Bladex launches its client diversification strategy into trade-oriented
corporations; expansion of its suite of products and services
Bladex initiates funding diversification strategy: increase in central bank
deposits, local & international debt sales, syndicated loan facilities
Bladex cooperates with the International Finance Corporation to
establish the first critical commodities finance facility in Latin America
(1) As of December 31, 2015; (2) As of December 31, 2014
1979
Moody’s Fitch S&P
Date of Rating Dec. 2007 Jul. 2012 May 2008
Date of Confirmation Dic. 2015 Jul. 2015 Jul. 2015
Short-Term P-2 F2 A-2
Long-Term Baa2 BBB+ BBB
Perspective Stable Stable Stable
3
4. Strong and Unique Shareholder Structure
A unique shareholding structure
Class A shareholders provide substantial support to Bladex, representing a direct link between the Bank and the governments
of Latin America – most of which have granted preferred creditor status to the Bank – and also constituting the main source of
deposits, a very reliable funding source
Class A shareholders enjoy super-majority rights related to changes in the Bank‟s Articles of Incorporation
Class A shareholders can only sell shares to other class A shareholders, thus maintaining the essence of the existing
shareholder structure and ensuring support from central banks
Shareholder Composition Board of Directors Composition
4
Out of 10 directors, 9 are
independent and one represents the
Bank‟s management (CEO)
Class A – Central Banks or
designees from 23 LatAm countries
Class B – LatAm & international
banks and financial institutions
Class E – Public Float (NYSE listed)
5. Defined Value Proposition with Strong Business
Fundamentals
Business Value Proposition Strong Underlying Business Fundamentals
Business Products & Services Multi-Pronged Business Segmentation
Global provider of natural
resources with positive
demographics
Sustained growth
and sound
economic
policies
Deep knowledge of
Latin America
Core competency in
trade finance
Support of
Investment &
Regional
Integration
Efficient
Measurement and
Management
In-depth knowledge of Latin America‟s local markets
Backed by 23 Latin American governments
Vast correspondent banking network throughout
LatAm & other regions of the world
Uniquely qualified staff with strong product expertise in
Trade Value Chain, Cross-border Finance, Supply-side
& Distribution, both intra-regional and inter-regional
Efficient organizational structure
LEAN, client focused efficient organizational structure
Single point of contact, providing client-specific
solutions, and focused on long-term relationships
Financial Institutions
Among top 10 in their
respective markets
Significant corporate
banking activity / client
base
Corporations
US Dollar generation
capacity
Growth oriented beyond
domestic market
Among top 10 in
respective industries
Track Record &
Corporate governanceFocus on Strategic Sectors for the Region
O&G, Agribusiness, Food processing, Manufacturing
Driver of progress,
economic growth and
development
Supporting
specialization in
both primary and
manufacturing
sectors
Enhancing LatAm‟s
role in global and
regional value chains
Growth of „Multi-latinas‟ as
drivers of business expansion
Supporting business
integration boosted by
free trade agreements
Regional Focus
Mexico
Central America and
The Caribbean
Brazil
South America
• Southern Cone
• Andean Region
5
Bladex‟s products and services are categorized into three main areas: i) Financial
Intermediation Business, ii) Structuring and Syndications Business and iii) Treasury.
Financial Intermediation Business
Syndication and Structuring Business
Treasury
• Trade: Foreign trade products – short and medium term instruments that help drive
the cross-border activity of corporations.
• Working Capital: Support to trade finance clients throughout the entire production
cycle chain, across a wide range of primary, secondary and tertiary activity sectors.
Structured Credit and lending facilities for short and medium-term financing of supply
chain, materials & equipment, and inventories.
• Financial solutions designed to meet clients' needs.
• Provides access to structured funding for a wide base of financial institutions and
companies in Latin America.
• Debt capital market and deposit products for investment and cash flow optimization.
• Treasury services.
REGIONS
CLIENT
BASE
INDUSTRY
SECTORS
World-Class Standards in Corporate Governance,
focused on Enterprise-Wide Risk Management
6. Leverage Proven
Origination Capacity
LatAm GDP
Growth
LatAm Trade
Flow Growth
Bladex Client
Base Growth
Valued Products
& Services
3%+
ROAE
15%+
ROAE
12%+
ROAE
Bladex
Origination
Active
Portfolio
Management
Improved Financial
Margins
NIM ~ 1.8% - 2.0%
Resilient Fees from
Use of Capital
~ 15% – 20% of Core
Net Revenues
Conservative Credit
Management
Cost of Credit
~ 1.2% – 1.5%
Continued Focus on
Efficiency
Efficiency Ratio
< 30%
Sustainable Moderate
Growth
~ 3% to 10%
Core Financial Intermediation
(On-book Portfolio)
Solid Capitalization
A minimum of 13.5%
Tier 1 Basel III Ratio
Target Consistent
Core Performance
Financial
Institutions
Syndications &
Structuring
Partners
Trade
Services
Distribution:
Asset Distribution & Services
Fee Based
Services:
Investors Other
Tap Additional Income Sources
15%+
ROAE
12%+
ROAE
3%+
ROAE
6
Financial Business Model targets sustainable,
superior returns
7. Strategy Hones Strengths & Positions to Seize
Growth Opportunities
Develop Emerging Businesses
• Develop robust syndication
platform
• Expand diversified market
distribution capabilities
Risk sharing programs
Secondary market transactions
Securitization Platform
• Expand vendor finance and
leasing capabilities
Local vehicles (e.g. SOFOM in
Mexico)
Build New Businesses
• Explore adjacent markets &
establish pipeline of new business
activities in trade and regional
integration, such as:
Credit Insurance
Capital Market transactions
Structured Trade Finance
Trade-related Services
Factoring
Trade Infrastructure Project
Finance
Strengthen Core Business
• Improve Operating Efficiency
through LEAN Processes,
Structure & Organization
• Active credit portfolio
management
Achieve sustainable &
consistent return on equity
Improve quality of earnings
Achieve greater risk dispersion
• Expand Contingency Business
Develop Guarantee and L/C
Issuance Platform
+
+
7
Core ROAE = 12% ROAE = 15%
8. Adhering to World-Class Standards
(*) Except for the Bank‟s Chief Executive Officer (CEO), all other
members of the Board of Directors are independent.
Board of Directors*
CEO
Commercial
Division
Internal Audit
Risk Policy and
Assessment Committee
Finance & Business
Committee
Nomination
and Compensation
Committee
Audit and
Compliance Committee
Very high corporate governance
standards
Multiple regulators: FED, SEC,
NYSDFS, Superintendency of Banks
of Panama, and other entities
throughout the Region
Commercial
Division
8
Enterprise risk management &
externally certified internal audit
function
Internal alignment of corporate
culture, measurement system
and process management to
optimize total shareholder return
.
FIRST LINE
OF DEFENSE
Operating
Management
-------------------------
Front end&
enabling functions
THIRD LINE
OF DEFENSE
Assurance
-------------------------
Audit function
Finance
Division
SECOND LINE
OF DEFENSE
Monitoring
-------------------------
Risk function
Corporate Services
Risk Management
Division
9. Commercial Strategy Focused on Diversification
9
Sustained Portfolio Growth Commercial Portfolio Composition
Commercial Portfolio By Country Commercial Portfolio By Industry
As of December 31, 2015As of December 31, 2015
9
Reduced exposure to Brazil by
17 percentage points since
2005 to December 31, 2015
As of December 31, 2015
10. 10
… and Focus on Asset Quality
Impaired Loans Evolution
Proven track record of strong asset quality, with significant risk mitigants:
• US dollar based lending, no meaningful net FX exposures
• Floating-rate lending & funding model minimizes interest rate risk exposure
• Conservative loss reserve methodology
• Pro-active loss prevention, and rigorous Non-Accruing Loans monitoring process
• Diligent recovery processes
10
Subsequent to the closing date, pre-payments reduced
NPL to $28 million (0.42% of loan portfolio).
11. 11
Low risk Business
Commercial Portfolio by Type of Transaction
• As of December 31, 2015, 72% of commercial portfolio
had a remaining maturity term of 1 year, with average
maturity of 121 days.
• Medium term commercial portfolio had a remaining
maturity term of 2.3 years.
• Commercial Portfolio - remaining maturity of 330 days.
11
Commercial Portfolio by Remaining Terms
• Bladex‟s portfolio is composed primarily of trade
assets, low-risk class, with short-dated exposures, and
superior loss performance.
12. Diversified Regional and Global Funding
Sources….
(*) Original Currency: all
non-USD denominated
liabilities are hedged into
US Dollars with the
exception of most MXN
issuances which fund
assets in the same
currency.
Funding Highlights
• Proven capacity to secure funding and maintain high
liquidity levels, even during crises
• Deposits from central banks shareholders or designees
provide a resilient funding base. They represent 68% of
the Bank‟s total deposits as of September 30, 2015
• Focus on increased diversification of global and regional
funding sources on numerous relevant dimensions:
client base, geography and currency
• Broad access to funding through public and private debt
issuance programs in USD and other currencies
• Increased focus in medium and long-term funding to
match a growing asset base with similar characteristics
Deposits by Type of Client Diversified Funding Sources
As of December 31, 2015 As of December 31, 2015
Funding Sources and Cost of Funds
Funding by Currency (*)
12
(US$ million)
As of December 31, 2015
13. …with Conservative Liquidity Management
Liquidity Management Highlights Liquidity Placements
Liquidity Coverage RatioLiquidity Ratio
(US$ million)
As of December 31, 2015
Advanced liquidity management operating under Basel III
framework, monitoring liquidity through Liquidity Coverage Ratio
(“LCR”) and Net Stable Funding Ratio (“NSFR”)
1.15x NSFR
1.52x LCR (Basel III)
Liquid balances mainly held in cash-equivalent deposits in A-1 /
P-1 rated financial institutions or A-rated negotiable money market
instruments.
High-quality, short-term trade finance book, which serves as an
alternate source of liquidity, with approximately $1 billion in loans
maturing on a monthly basis
13
14. 14
Expanding Earnings Capacity & Profitability...
Net Income Net Interest Income & Margin
Fees and Other Income Efficiency Ratio
(US$ million)
(US$ million) (US$ million, except percentages)
(US$ million, except percentages)
Financial Information corresponding to the year 2014-2015 were prepared in accordance with International Financial Reporting Standards (IFRS) as
issued by IASB. The financial statements corresponding to the years 2011-2013 follow the previous accounting standard, US-GAAP. Bladex
completed its transition process to IFRS from US-GAAP in 2015.
15. 15
… Supported by Strong Balance Sheet…
Total Assets Loan Portfolio
Deposits Stockholder’s Equity
(US$ million) (US$ million)
(US$ million) (US$ million)
Financial Information corresponding to the year 2014-2015 were prepared in accordance with International Financial Reporting Standards (IFRS) as
issued by IASB. The financial statements corresponding to the years 2011-2013 follow the previous accounting standard, US-GAAP. Bladex
completed its transition process to IFRS from US-GAAP in 2015.
16. Return on Average Equity “ROAE” Return on Average Assets “ROAA”
…and Solid Performance
Tier 1 Capital Ratio
16
Risk Weighted Assets ($ million)
Basel III
2011 n.a.
2012 n.a.
2013 n.a.
2014 $5,914
2015 $6,104
n.a. means not available
Financial Information corresponding to the year 2014-2015 were prepared in accordance with International Financial Reporting Standards (IFRS) as
issued by IASB. The financial statements corresponding to the years 2011-2013 follow the previous accounting standard, US-GAAP. Bladex
completed its transition process to IFRS from US-GAAP in 2015.
17. 17
Key Financial Metrics
17
Financial Information corresponding to the year 2014-2015 were prepared in accordance with International Financial Reporting Standards (IFRS) as
issued by IASB. The financial statements corresponding to the years 2011-2013 follow the previous accounting standard, US-GAAP. Bladex
completed its transition process to IFRS from US-GAAP in 2015.
(In US$ million, except when indicated otherwise) 2011 2012 2013 2014 2015
Business Profit $66.3 $83.5 $89.4 $99.7 $99.0
Non-Core Profit 16.9 9.5 (4.6) 2.7 5.0
Profit for the Year 83.2 93.0 84.8 102.4 104.0
EPS (US$) $2.25 $2.46 $2.21 $2.65 $2.67
Return on Average Equity (ROAE) 11.4% 11.6% 10.0% 11.5% 11.0%
Business ROAE 9.1% 10.4% 10.6% 11.2% 10.4%
Return on Average Assets (ROAA) 1.5% 1.5% 1.2% 1.35% 1.32%
Business ROAA 1.2% 1.4% 1.3% 1.32% 1.25%
Net Interest Margin (NIM) 1.81% 1.70% 1.75% 1.88% 1.84%
Net Interest Spread (NIS) 1.62% 1.44% 1.55% 1.72% 1.68%
Loan Portfolio 4,960 5,716 6,148 6,686 6,692
Commercial Portfolio 5,354 5,953 6,630 7,187 7,155
Reserve for expected Credit Losses to Commercial Portfolio 1.82% 1.31% 1.18% 1.22% 1.33%
Impaired Loans to Loan Portfolio 0.65% 0.00% 0.05% 0.06% 0.78%
Total Reserve for expected credit losses to Non-Performing Loans (x times) 3.0 0.0 25.0 21.7 1.8
Efficiency Ratio 36% 42% 41% 32% 30%
Business Efficiency Ratio 39% 43% 37% 32% 31%
Market Capitalization 596 822 1,081 1,167 1,010
Assets 6,360 6,756 7,471 8,022 8,286
Tier 1 Capital Ratio Basel III 18.6% 17.9% 15.9% 15.5% 16.1%
Leverage (times) 8.4 8.2 8.7 8.8 8.5
(*) End-of-period balances.
Results
Portfolio Quality (*)
Performance
Efficiency
Scale &
Capitalization (*)
18. Bladex Value Proposition to Shareholders
• Bladex offers
investors access to
an entire continent
with compelling long-
term growth
prospects
• Business model
provides diversified
exposure to emerging
markets, but with well
mitigated Credit
Quality, Market, &
Operational risks
• Committed to total
shareholder return
(“TSR”) … Attractive
dividend yield (annual
dividend yield over
5.0%) as a function of
core business growth
(target 40% - 50%
payout ratio)
• Attractive valuation
multiples
18
19. Diversified Commercial Portfolio
with Robust Asset Quality
Defined Strategy to Achieve
Sustainable Growth
Diversified Funding &
Conservative Liquidity
Management
Experienced Management and
Conservative Risk Management
Practices
Compelling Returns sustained
by Strong and Reliable
Performance Metrics*
Leading Franchise in LatAm
with Solid Track Record
Trade Finance Bank in Latin America
with 36 years of Remarkable Success
Investment Grade Profile with
Strong and Unique Shareholding
Structure
Deep knowledge of Latin America
with Core in Trade Finance
Strategically positioned to capture
growth opportunities
Sustainable Portfolio Strategy
focused on Diversification
Strong Asset Quality Management
and a Low Risk Core Business Focus
Increased diversification of Regional
and Global Funding Sources
Advanced Liquidity Management
operating under Basel III Framework
Profit for the year of $104.2 million
as of December 2015 (+2% YoY)
Return on Average Equity of 11.0%
Solid 16.1% Tier 1 Capitalization
Ratio (Basel III)
Seasoned Senior Management with
ample experience in C-Suite roles
World-Class Standards in Corporate
Governance, focused on Enterprise-
Wide Risk Management
(*) As of December 2015
Investment Highlights
20. PANAMA
HEAD OFFICE
Torre V, Business Park
Ave. La Rotonda, Costa del Este
Apartado 0819-08730
Panamá, República de Panamá
Tel: (507) 210-8500
ARGENTINA
Av. Corrientes 222 –P.18º
(1043AAP) Capital Federal
Buenos Aires, Argentina
Tel: (54-11) 4331-2535
Contact: Federico Pérez Sartori
Email: fpsartori@bladex.com
BRAZIL
Rua Leopoldo Couto de Magalhäes
Junior 110, 1º andar
04542-000, Sao Paulo, Brazil
Tel: (55-11) 2198-9606
Contact: Roberto Kanegae
Email: rkanegae@bladex.com
MEXICO
MEXICO D.F.
Rubén Darío 281, piso 15, Oficina #1501
Colonia Bosque de Chapultepec
CP. 11580, México D.F.
Tel: (52-55) 5280-0822
Contact: Alejandro Barrientos
Email: abarrientos@bladex.com
MONTERREY
Torre Avalanz, piso 20 oficina 2035
Batallón de San Patricio #109
Col. Valle Oriente, San Pedro, Garza
García
Nuevo León, C.P. 66260, México
Tel: (52-81) 4780-2377
Contact: Alejandro Barrientos
Email: abarrientos@bladex.com
PERU
Dean Valdivia 243
Piso 7, Oficina 701
San Isidro, Lima
Tel: (511) 207-8800
Contact: Victor Mantilla
Email: vmantilla@bladex.com
COLOMBIA
Calle 113 # 7-45
Edificio Teleport Business Park
Torre B, Oficina 1008
Bogotá, Colombia
Tel: (57-1) 214-3677
Contact: Camilo Alvarado
Email: calvarado@bladex.com
UNITED STATES
NEW YORK AGENCY
370 Lexington Avenue, Suite 500
New York, NY 10017
Tel: (001) 212-754-9191
Contacto: Pierre Dulin
Email: pdulin@bladex.com
Regional Presence in Latin America
20
21.
22. 22
Balance Sheet
22
(In US$ million) 1-Jan-14 31-Dec-14 31-Dec-15
Balance Sheet Data:
Cash and cash equivalents $840 $781 $1,300
Financial instruments:
At fair value 69 58 53
At fair value through OCI 334 339 142
Securities at amortized cost 34 55 108
Loans at amortized cost 6,148 6,686 6,692
Reserve for expected credit losses (71) (78) (90)
Unearned income & deferred fees (7) (9) (9)
Loans at amortized cost, net 6,071 6,600 6,592
At fair value - Derivative financial instruments used for hedging - receivable 15 12 7
Other assets 56 178 83
Total Assets 7,418$ 8,022$ 8,286$
Total deposits $2,361 $2,507 $2,795
At fair value - Derivative financial instruments used for hedging - payable 9 40 30
Securities sold under repurchase agreements and Short-term borrowings 2,992 2,993 2,544
Long-term borrowings and debt 1,149 1,400 1,882
Other liabilities 49 172 63
Total Liabilities 6,559$ 7,111$ 7,314$
Total stockholders' equity 859 911 972
Total Liabilities and Stockholders' Equity 7,418$ 8,022$ 8,286$
Financial Information corresponding to the year 2014-2015 were prepared in accordance with International Financial
Reporting Standards (IFRS) as issued by IASB. The financial statements corresponding to the years 2011-2013 follow
the previous accounting standard, US-GAAP. Bladex completed its transition process to IFRS from US-GAAP in 2015.
23. 23
Profit and Loss
23
Financial Information corresponding to the year 2014-2015 were prepared in accordance with International Financial
Reporting Standards (IFRS) as issued by IASB. The financial statements corresponding to the years 2011-2013
follow the previous accounting standard, US-GAAP. Bladex completed its transition process to IFRS from US-
GAAP in 2015.
2014 2015
Profit and Loss:
Net interest income $141,336 $145,479
Impairment loss from expected credit losses on loan at amortized cost (6,781) (17,248)
Fees and commissions, net 17,502 19,200
Derivative financial instruments and foreign currency exchange 208 (23)
Gain per financial instrument at fair value through profit or loss 2,361 5,731
Gain per financial instrument at fair value through OCI 1,871 363
Impairment loss from expected credit losses on investment securities (1,030) (5,290)
Gain (impairment) for expected credit losses on off-balance sheet financial instruments (3,819) 4,448
Gain on sale of loans at amortized cost 2,546 1,505
Other income, net 1,786 1,603
Net other income 21,425 27,537
Total operating expenses (53,612) (51,784)
Profit for the Year 102,368 103,984