Banco Latinoamericano De Comercio Exterior, S.a. · NYSE:BLX
Banco Latinoamericano De Comercio Exterior — Bladex — Q1 2025 Earnings Presentation
15 slides from Banco Latinoamericano De Comercio Exterior's earnings presentation, May 6, 2025
Slide 1: 1Q25 Earnings Results
1Q25 Earnings Results MAY 2025 LISTED
Slide 2: Highlights 1Q25
Highlights 1Q25 Commercial Book Deposits Commercial Portfolio and Total Deposits $10.7 Bn $5.9 Bn ↑ 6% QoQ |↑23% YoY ↑ 8% QoQ |↑ 24% YoY NIM NPLs Margins and Asset Quality 2.36% 0.1% ↓ 8 bps QoQ | ↓ 11 bps YoY ↓ 1 bps QoQ | ↑ 4 bps YoY Net Fees Efficiency Ratio Fee Income and Efficiency $10.6M 26.9%
Slide 3: Well diversified Commercial and Investment Portfolios
Well diversified Commercial and Investment Portfolios Credit Portfolio Investment Portfolio by Country Commercial Portfolio Investments) Investments1) Ex-Latam Countries 83% Latam Countries 17% United States 53% Panama 6% 22% Other Non-Latam2 24% 1Q25 Colombia 5% Multilaterals 1,264 Chile 2% 11,950
Slide 4: Continued proven capacity to secure funding and maintain liquidity
Bladex has a continued proven capacity to Total Liquid Assets1 Liquid Assets Placements by secure funding and Credit Risk maintain steady 17% 17% 16% 15% 15% liquidity levels; the 1,918 1,899 1,852 Bank’s cash position is 1,764 1,708 FRBNY USA excluding FRBNY 67% 23% mainly placed with the Multilate
Slide 5: Strong Asset Quality, Low Credit Risk and Solid Reserve Coverage
Strong Asset Quality, Low Credit Risk and Exposure by Stages Solid Reserve Coverage Stage 2 $240M 2.0% Stage 1 97.9% 0.1% Stage 3 $11,693M $17M $12.0B Total Allowance for Credit USD millions, except for % Losses to Impaired Credits USD millions, except for % 1Q24 2Q24 3Q24 4Q24 1Q25 Allowance for lo
Slide 6: Strong Deposit Growth and Diversified Deposit Base
Strong Deposit Growth and Diversified Deposit Base Funding Sources Deposits Composition 10,322 9,978 9,021 2,770 Multilateral 2,699 (27%) 247 (27%) Brokers 495 4% 2,786 8% Corporations (31%) 1,235 1,699 1,653 (12%) 29% (17%) 458 4% 1,147 (13%) 213 2% 364 4% 1Q25 5,859 35% 5,859 5,413 (57%) 4,724 (54
Slide 7: Robust Capitalization Supports Business & Balance Sheet Expansion
Robust Capitalization Supports Business & Capital 16.3% 15.5% Balance Sheet 13.7% 13.6% 15.1% 13.5% Expansion 1,337 1,371 1,238 1Q24 4Q24 1Q25 Capital Adequacy Index1 Common Equity Tier 1 Capital Ratio Basel III 2 Equity CET1 1Q25 Dividends 45% 45% 36% 0.625 0.625 0.50 1 As defined by the SBP, in wh
Slide 8: Margins Stabilize at Target Levels
Margins Stabilize at Target Levels Net Interest Spread NIS Net Interest Margin NIM Rate of Interest Earning Assets Net Interest Margin ("NIM") Rate of Interest Bearing Liabilities Net Interest Income 2.47% 2.44% 2.36% 7.47% 66.9 7.07% 65.3 62.9 6.75% NIS NIS 1.80% 1.69% NIS 1.65% 5.67% 5.38% 5.10% 1
Slide 9: Strong Fee Growth
Strong Fee Growth Letters of credit and guarantees Total Fees 6.9 6.7 6.0 12% 11.9 1Q24 4Q24 1Q25 10.6 9.5 Structuring Services 6.9 3.7 6.7 2.4 6.0 1.3 1Q24 4Q24 1Q25 Credit Commitments and Other commissions, net1 3.7 1.3 2.4 2.1 2.1 1.5 1.2 1.5 1.2 1Q24 4Q24 1Q25 Letters of credit and guarantees 1Q
Slide 10: Operational Efficiency Aligned with Annual Guidance
Operational Efficiency Aligned with Annual Opex & Efficiency Ratio Guidance 29.2% 26.9% 25.2% 22.9 21.0 18.3 Efficiency Ratio Total Operating Expenses 1Q24 4Q24 1Q25 USD millions, except for % 10
Slide 11: Strategy Execution Driving Profitability Improvement
Strategy Net Income & ROE Execution Driving Profitability Improvement 51.3 51.7 37.0 11.1 1Q 2022 1Q 2023 1Q 2024 1Q 2025 ROA 0.6% 1.6% 1.9% 1.8% ROE 4.5% 13.7% 16.8% 15.4% 11 USD millions, except for %
Slide 12: Closing Remarks
Bladex¥ Closing Remarks February 2025 LISTED 12
Slide 13: Guidance
Guidance Guidance 2025 Commercial Portfolio Growth 10% 12% Average Deposit Growth 15% 17% NIM 2.30% Efficiency Ratio 27% ROE 15% 16% CET1 15% 16% 13
Slide 14: 1Q25 Earnings Results
1Q25 Earnings Results MAY 2025 LISTED 14
Slide 15: Investor Relations Contacts
IR@bladex.com www.bladex.com/en/investors Carlos Raad Chief Investor Relations Officer craad@bladex.com Panamá Diego Cano VP Investor Relations dcano@bladex.com Panamá 15