Bladex Achieves Record Financial Results and Increases Dividend by 25%

About this update from Banco Latinoamericano De Comercio Exterior, S.a.

[{"type":"list","items":[{"val":[{"type":"text","content":"Historic net income of $206 million, a 24% increase year-over-year","length":66,"tagName":"p"}]},{"val":[{"type":"text","content":"25% dividend increase, reflecting confidence in the bank's growth trajectory","length":80,"tagName":"p"}]},{"val":[{"type":"text","content":"Solid growth in fee income, driven by higher activity in syndications and letters of credit","length":91,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":237,"olType":false},{"type":"text","content":"PANAMA CITY, Feb. 28, 2025 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) (NYSE: BLX) announced today its financial results for the fourth quarter and full year 2024, achieving historic levels of profitability and business growth.","length":257,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Banco Latinoamericano de Comercio Exterior, S.A. (Bladex))","displaySize":"","headline":null,"caption":"(PRNewsfoto/Banco Latinoamericano de Comercio Exterior, S.A. (Bladex))","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":144,"url":"https://media.zenfs.com/en/prnewswire.com/66e417dec5f653435feffd75de54190e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/OVQVuJnqx4GJbQvyTi673Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI1NDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/66e417dec5f653435feffd75de54190e","width":400,"height":144}},"href":"https://mma.prnewswire.com/media/1769043/Bladex_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The commercial loan portfolio grew by 18%, surpassing $10 billion for the first time. Portfolio quality remained at optimal levels, with non-performing loans near zero, reflecting disciplined risk management.","length":208,"tagName":"p"},{"type":"text","content":"Deposits grew significantly, reaching $5.4 billion, representing 54% of total funding. This increase 23% in year-end balances and 33% in average balances for the year exceeded the bank's 30% growth target.","length":209,"tagName":"p"},{"type":"text","content":"Fee income reached a record $44 million, up 37% from 2023, driven by a 24% increase in letter of credit fees and a 38% rise in syndication fees, with total transactions exceeding $2.5 billion. This growth in fee-based revenue reflects the success of the initial implementation phase of Blad...

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