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Home CompaniesBladex Inc.

Bladex Inc.

Financial Services Banks - Regional
PortfolioPortfolio WatchlistWatchlist
Company price
51.17 USD 1.29 ( 2.59%)
Last update at 2026-11-09T17:50:00Z
VOLUME
23635
Market Cap
2094.94M
P/E
9.21

Momentum Score

…

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, engages in financing of foreign trade and economic integration in Latin America and the Caribbean. It operates through Commercial and Treasury segments. The company accepts deposits. It also offers products and services, such as origination of bilateral short- and medium-term loans, structured and syndicated credits, and loan commitments; financial guarantee contracts, including issued and confirmed letters of credit, stand-by letters of credit, guarantees covering commercial risk, and other assets of customers' liabilities under acceptances; and co-financing arrangements, underwriting of syndicated credit facilities, structured trade financing in the form of factoring and vendor financing, and financial leasing. In addition, the company is involved in investment management activities comprising securities at fair value through other comprehensive income and amortized cost. It serves financial institutions, corporations, sovereigns, and state-owned entities. The company was formerly known as Banco Latinoamericano de Exportaciones, S.A. and changed its name to Banco Latinoamericano de Comercio Exterior, S. A. in June 2009. Banco Latinoamericano de Comercio Exterior, S. A. was founded in 1975 and is headquartered in Panama City, the Republic of Panama.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
50.14
Low
51.22
High
52 Week Price Range
35.77
Low
57.49
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Foreign Trade Bank of Latin America Inc is a specialized bank focused on trade finance across Latin America and the Caribbean, providing lending, trade-related financing and correspondent banking services to corporate, financial institution and public-sector clients. Long-term growth may be supported by recovery in regional trade, structural demand for trade finance and the firm's niche franchise, which appears positioned to benefit from increased cross-border commerce. Investors may find the company attractive for its focused business model and exposure to intraregional trade flows.

Key investment risks include concentrated credit and country exposure across the region, sensitivity to commodity and currency swings, and regulatory or political developments that could materially affect asset quality and capital.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
49.88
Dividend Yield
4.47%
Revenue TTM
317.45M
Revenue Per Share
8.54
Gross Profit TTM
310.26M
Debt / Equity
2.49
ROE
15.05%
Net Debt
2255.60M
ROCE
1.79%
Diluted EPS TTM
6.11

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 226.90M 205.87M 166.16M 92.04M 62.70M
Net income 226.90M 205.87M 166.16M -92.57M 62.70M
Selling general administrative 55.42M 66.76M 59.75M 34.22M 21.65M
Selling and marketing expenses - 0.99M 1.01M 0.56M 0.18M
Gross profit 317.50M 284.78M 209.87M 166.67M 101.46M
Reconciled depreciation 4.83M 3.56M 2.97M 2.71M 3.49M
Ebit - 205.87M 166.16M 276.65M 62.70M
Ebitda 226.90M 209.44M 169.25M 279.37M 66.19M
Depreciation and amortization - 3.56M 3.09M 2.71M 3.49M
Operating income 226.90M 205.87M 166.16M 276.65M 62.70M
Other operating expenses 112.70M 604.73M 517.25M 109.98M -42.25M
Interest expense 497.28M 525.82M 446.08M 184.61M 54.10M
Interest income 768.46M 785.03M 616.21M 332.62M 86.80M
Net interest income 271.18M 259.21M 217.05M 148.01M 86.80M
Income tax expense - - -3.91M 184.61M 54.10M
Total revenue 339.60M 810.60M 683.41M 166.67M 104.95M
Total operating expenses 90.60M 78.91M 43.71M 109.98M -42.25M
Cost of revenue 22.10M 525.82M 473.54M - 3.49M
Total other income expense net - -26.04M -0.68M -184.61M -54.10M
Net income from continuing ops 226.88M 205.87M 150.80M 92.04M 62.70M
Net income applicable to common shares 226.88M 205.87M 166.16M 92.04M 62.70M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 12786.39M 11858.67M 10743.79M 9283.91M 8038.11M
Intangible assets 10.74M 3.66M 2.60M 2.10M 1.59M
Earning assets - - - - 1044.23M
Other current assets -94.30M 3.81M 2427.03M 217.03M 5933.77M
Total liab 11107.65M 10521.46M 9539.97M 8214.56M 7046.32M
Total stockholder equity 1678.75M 1337.21M 1203.82M 1069.35M 991.79M
Other current liab -10.21M 5444.53M 913.10M -2195.19M -1595.61M
Common stock 279.98M 279.98M 279.98M 279.98M 279.98M
Capital stock 279.98M 279.98M 279.98M 279.98M 279.98M
Retained earnings 1075.52M 792.00M 673.28M 543.61M 487.88M
Other liab - - - 6.36M 18.16M
Other assets - 9523.73M 439.97M 6999.31M 5909.06M
Cash 1923.73M 1963.84M 1987.07M 1241.59M 1253.05M
Total current liabilities 130.51M 7404.97M 2963.84M 62.55M 1595.61M
Current deferred revenue - - 9.65M - -
Net debt 2255.60M 2620.64M 2631.44M 5386.86M 2068.86M
Short term debt 131.97M 1867.52M 2035.94M 2195.19M 1583.05M
Short long term debt 1519.76M 1653.37M 1724.61M 2194.22M 1582.06M
Short long term debt total 4179.33M 4584.48M 4678.89M 6628.45M 3321.91M
Other stockholder equity 27.55M 19.37M 11.87M 6.40M 4.24M
Property plant equipment 19.67M 19.68M - 17.28M 17.78M
Total current assets 1925.30M 2189.37M 1987.07M 1241.59M 1277.76M
Long term investments 1428.99M 1201.93M 1022.13M 1023.63M 831.91M
Net tangible assets - - - 1067.24M 990.20M
Short term investments 1.57M 99.49M -864.86M - -
Net receivables 94.30M 122.23M 115.53M 72.96M 24.71M
Long term debt 4030.39M 2698.95M 4351.99M 4416.51M 3321.91M
Inventory - - -2102.60M - -24.71M
Accounts payable 8.75M 92.92M 5.14M 62.55M 12.55M
Accumulated other comprehensive income 295.69M 245.85M 238.69M 239.35M 219.68M
Treasury stock - - - - -115.80M
Non currrent assets other 190.18M 8444.04M 8140.09M -1043.02M -851.29M
Non current assets total 10861.09M 9669.31M 8316.76M 1043.02M 851.29M
Capital lease obligations 18.43M 19.23M 16.71M 16.75M 17.73M
Long term debt total 4048.82M 2716.96M - 4433.26M 3321.91M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -208.36M -180.02M 67.35M -166.66M -445.28M
Change to liabilities - - - 0.00M 0.00M
Total cashflows from investing activities -995.82M -180.02M -12.77M -166.66M -446.08M
Net borrowings -569.61M 305.64M -226.65M 952.39M 1781.44M
Total cash from financing activities 644.44M 1140.17M -253.22M 916.25M 1682.79M
Change to operating activities - - - -1048.49M -852.16M
Net income 226.88M 205.87M 166.16M 92.04M 62.70M
Change in cash -1819.93M -167.14M 796.13M -20.07M 364.99M
Begin period cash flow 1819.93M 1987.07M 1190.94M 1211.00M 846.01M
End period cash flow 1842.21M 1819.93M 1987.07M 1190.94M 1211.00M
Total cash from operating activities 373.66M -1127.29M 1062.11M -769.65M -871.71M
Issuance of capital stock 197.98M 0.00M 0.00M - -
Depreciation 4.83M 3.56M 3.09M 2.71M 3.49M
Other cashflows from investing activities -784.66M -2.12M -1.33M -163.94M -445.28M
Dividends paid 91.83M 72.78M 36.27M -36.14M -38.57M
Sale purchase of stock - - 0.00M 0.00M -60.08M
Other cashflows from financing activities 1190.05M 907.31M 9.70M 1490.17M 1880.18M
Change to netincome - - - 29.60M 16.93M
Capital expenditures 2.80M 1.81M 2.10M 2.72M 0.81M
Change in working capital -15.10M -1309.99M 820.95M -894.01M -954.83M
Stock based compensation 8.19M 7.50M 5.47M 2.16M 1.91M
Other non cash items 161.87M -34.23M 66.44M 27.44M -86.78M
Free cash flow 370.86M -1129.10M 1060.02M -772.37M -872.52M

Peer Comparison*

Sector: Financial Services Industry: Banks - Regional

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
BLX
Bladex Inc.		 1.29
2.59%		 51.17 9.21 8.38 6.60 1.25 19.46
DBSDY
DBS Group Holdings Ltd ADR		 3.79
1.76%		 219.67 20.00 17.57 7.54 3.17 13.19
CIHHF
China Merchants Bank Co Ltd Class H		 0.03
0.45%		 6.69 7.70 7.10 0.55 0.83 3.51
CIHKY
China Merchants Bank Co Ltd		 -0.08
0.23%		 34.65 7.79 7.20 0.55 0.85 3.51
UNCFF
UniCredit SpA		 5.05
5.86%		 91.30 11.53 10.27 5.72 1.83 8.22

Profile*

Bladex Inc.

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, engages in financing of foreign trade and economic integration in Latin America and the Caribbean. It operates through Commercial and Treasury segments. The company accepts deposits. It also offers products and services, such as origination of bilateral short- and medium-term loans, structured and syndicated credits, and loan commitments; financial guarantee contracts, including issued and confirmed letters of credit, stand-by letters of credit, guarantees covering commercial risk, and other assets of customers' liabilities under acceptances; and co-financing arrangements, underwriting of syndicated credit facilities, structured trade financing in the form of factoring and vendor financing, and financial leasing. In addition, the company is involved in investment management activities comprising securities at fair value through other comprehensive income and amortized cost. It serves financial institutions, corporations, sovereigns, and state-owned entities. The company was formerly known as Banco Latinoamericano de Exportaciones, S.A. and changed its name to Banco Latinoamericano de Comercio Exterior, S. A. in June 2009. Banco Latinoamericano de Comercio Exterior, S. A. was founded in 1975 and is headquartered in Panama City, the Republic of Panama.

Torre V, Business Park, Panama City, Panama

507 210 8500

https://bladex.com

Name Title Year Born
Mr. Jorge L. Salas Chief Exec. Officer 1971
Ms. Ana Graciela de Mendez Exec. VP & CFO 1967
Ms. Erica Lijtztain Exec. VP & COO 1972
Mr. Carlos Daniel Raad Baene Exec. VP, Head of Investor Relations & Chief Investor Relations Officer NA
Mr. Jorge Luis Real Exec. VP, Chief Legal Officer & Corp. Sec. 1974
Mr. Alejandro Tizzoni Exec. VP & Chief Risk Officer 1978
Ms. Monica Cosulich Sr. VP of Fin. & Investor Relations NA
Mr. Olazhir Ledezma Exec. VP of Strategic Planning 1972
Ms. Adriana Lizzeth Diaz Forero Exec. VP & Chief Audit Officer 1984
Mr. Samuel Canineu Exec. VP & Chief Commercial Officer 1982

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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