BLADEX ANNOUNCES 2Q25 NET PROFIT OF $64.2 MILLION, OR $1.73 PER SHARE, RESULTING IN AN ANNUALIZED RETURN ON EQUITY OF 18.5%
Banco Latinoamericano de Comercio Exterior (NYSE: BLX) reported strong Q2 2025 results with net profit of $64.2 million, up 28% year-over-year, and earnings per share of $1.73. The bank achieved an annualized Return on Equity of 18.5%, marking a 222 basis points improvement YoY.
Key highlights include record-high Net Interest Income of $67.7 million (+8% YoY), record Fee Income of $19.9 million (+59% YoY), and an all-time high Credit Portfolio of $12.2 billion (+18% YoY). The bank maintained strong asset quality with 97.9% of credits in Stage 1, while maintaining a healthy efficiency ratio of 23.1%.
The bank's deposit base reached a new peak of $6.4 billion (+23% YoY), representing 62% of total funding. BLX maintains strong capital ratios with Tier 1 Basel III at 15.0% and declared a quarterly dividend of $0.625 per share.
Banco Latinoamericano de Comercio Exterior (NYSE: BLX) ha riportato risultati solidi nel secondo trimestre 2025 con un utile netto di 64,2 milioni di dollari, in aumento del 28% rispetto all'anno precedente, e un utile per azione di 1,73 dollari. La banca ha raggiunto un Rendimento del Capitale Proprio annualizzato del 18,5%, con un miglioramento di 222 punti base su base annua.
I punti salienti includono un Reddito Netto da Interessi record di 67,7 milioni di dollari (+8% YoY), un Reddito da Commissioni da record di 19,9 milioni di dollari (+59% YoY) e un Portafoglio Crediti al massimo storico di 12,2 miliardi di dollari (+18% YoY). La banca ha mantenuto un'elevata qualit脿 degli attivi con il 97,9% dei crediti in Stage 1, mantenendo un efficiente rapporto di efficienza del 23,1%.
La base di depositi della banca ha raggiunto un nuovo massimo di 6,4 miliardi di dollari (+23% YoY), rappresentando il 62% del totale dei finanziamenti. BLX mantiene solidi coefficienti patrimoniali con un Tier 1 Basel III al 15,0% e ha dichiarato un dividendo trimestrale di 0,625 dollari per azione.
Banco Latinoamericano de Comercio Exterior (NYSE: BLX) report贸 s贸lidos resultados en el segundo trimestre de 2025 con una utilidad neta de 64.2 millones de d贸lares, un aumento del 28% interanual, y ganancias por acci贸n de 1.73 d贸lares. El banco alcanz贸 un Retorno sobre el Patrimonio anualizado del 18.5%, con una mejora de 222 puntos b谩sicos respecto al a帽o anterior.
Los aspectos destacados incluyen un Ingreso Neto por Intereses r茅cord de 67.7 millones de d贸lares (+8% interanual), un Ingreso por Comisiones r茅cord de 19.9 millones de d贸lares (+59% interanual) y una Cartera de Cr茅ditos en su nivel m谩s alto de 12.2 mil millones de d贸lares (+18% interanual). El banco mantuvo una s贸lida calidad de activos con el 97.9% de los cr茅ditos en Etapa 1, manteniendo un saludable 铆ndice de eficiencia del 23.1%.
La base de dep贸sitos del banco alcanz贸 un nuevo m谩ximo de 6.4 mil millones de d贸lares (+23% interanual), representando el 62% del financiamiento total. BLX mantiene s贸lidos ratios de capital con un Tier 1 Basel III del 15.0% y declar贸 un dividendo trimestral de 0.625 d贸lares por acci贸n.
霛柬嫶鞎勲⿺毽勾 頃挫櫢氍挫棴鞚�頄� (NYSE: BLX)電� 2025雲� 2攵勱赴鞐� 靾滌澊鞚� 6420毵� 雼煬毳� 旮半頃橂┌ 鞝勲厔 雽�牍� 28% 歃濌皜頄堦碃, 欤茧嫻靾滌澊鞚奠潃 1.73雼煬毳� 雼劚頄堧嫟瓿� 氚滍憸頄堨姷雼堧嫟. 鞚�頄夓潃 鞐绊櫂靷� 鞛愱赴鞛愲掣鞚挫澋毳�(ROE) 18.5%毳� 旮半頃橂┌ 鞝勲厔 雽�牍� 222 氩犾澊鞁滌姢 韽澑韸� 臧滌劆鞚� 鞚措（鞐堨姷雼堧嫟.
欤检殧 靹标臣搿滊姅 鞝勲 鞐嗠姅 靾滌澊鞛愳垬鞚� 6770毵� 雼煬 (+8% YoY), 靾橃垬耄� 靾橃澋 靷儊 斓滉碃旃橃澑 1990毵� 雼煬 (+59% YoY), 攴鸽Μ瓿� 靷儊 斓滊寑 鞁犾毄 韽姼韽措Μ鞓� 122鞏� 雼煬 (+18% YoY)鞚� 韽暔霅╇媹雼�. 鞚�頄夓潃 97.9%鞚� 雽�於滌澊 1雼硠鞐� 靻嶍晿電� 霌� 鞖办垬頃� 鞛愳偘 頀堨鞚� 鞙犾頄堨溂氅�, 須湪靹� 牍勳湪霃� 23.1%搿� 瓯挫爠頃� 靾橃鞚� 鞙犾頄堨姷雼堧嫟.
鞚�頄夓潣 鞓堦笀 旮半皹鞚� 鞝勲厔 雽�牍� 23% 歃濌皜頃� 64鞏� 雼煬搿� 靷儊 斓滉碃旃橂ゼ 旮半頄堨溂氅�, 鞚措姅 齑� 鞛愱笀 臁半嫭鞚� 62%毳� 彀頃╇媹雼�. BLX電� Tier 1 氚旍牑 III 牍勳湪 15.0%搿� 臧曤牓頃� 鞛愲掣 牍勳湪鞚� 鞙犾頃橂┌, 欤茧嫻 0.625雼煬鞚� 攵勱赴 氚半嫻旮堨潉 靹犾柛頄堨姷雼堧嫟.
Banco Latinoamericano de Comercio Exterior (NYSE : BLX) a annonc茅 de solides r茅sultats pour le deuxi猫me trimestre 2025 avec un b茅n茅fice net de 64,2 millions de dollars, en hausse de 28 % en glissement annuel, et un b茅n茅fice par action de 1,73 dollar. La banque a atteint un rendement annualis茅 des capitaux propres de 18,5 %, soit une am茅lioration de 222 points de base par rapport 脿 l'ann茅e pr茅c茅dente.
Parmi les faits marquants, on note un produit net d鈥檌nt茅r锚ts record de 67,7 millions de dollars (+8 % en glissement annuel), un produit des commissions record de 19,9 millions de dollars (+59 % en glissement annuel) et un portefeuille de cr茅dits au plus haut historique de 12,2 milliards de dollars (+18 % en glissement annuel). La banque a maintenu une forte qualit茅 d鈥檃ctifs avec 97,9 % des cr茅dits en phase 1, tout en conservant un ratio d鈥檈fficacit茅 sain de 23,1 %.
La base de d茅p么ts de la banque a atteint un nouveau sommet de 6,4 milliards de dollars (+23 % en glissement annuel), repr茅sentant 62 % du financement total. BLX maintient des ratios de capital solides avec un Tier 1 B芒le III 脿 15,0 % et a d茅clar茅 un dividende trimestriel de 0,625 dollar par action.
Banco Latinoamericano de Comercio Exterior (NYSE: BLX) meldete starke Ergebnisse f眉r das zweite Quartal 2025 mit einem Nettogewinn von 64,2 Millionen US-Dollar, ein Anstieg von 28 % im Jahresvergleich, und einem Gewinn je Aktie von 1,73 US-Dollar. Die Bank erzielte eine annualisierte Eigenkapitalrendite von 18,5%, was einer Verbesserung von 222 Basispunkten gegen眉ber dem Vorjahr entspricht.
Zu den wichtigsten Highlights z盲hlen ein Rekord-Nettozinsertrag von 67,7 Millionen US-Dollar (+8 % YoY), Rekord-Geb眉hrenertr盲ge von 19,9 Millionen US-Dollar (+59 % YoY) und ein Allzeithoch beim Kreditportfolio von 12,2 Milliarden US-Dollar (+18 % YoY). Die Bank hielt eine starke Verm枚gensqualit盲t mit 97,9 % der Kredite in Stufe 1 und bewahrte eine gesunde Effizienzquote von 23,1 %.
Die Einlagenbasis der Bank erreichte mit 6,4 Milliarden US-Dollar (+23 % YoY) einen neuen H枚chststand und machte 62 % der Gesamtfinanzierung aus. BLX h盲lt starke Kapitalquoten mit einem Basel-III-Tier-1 von 15,0 % und erkl盲rte eine Quartalsdividende von 0,625 US-Dollar pro Aktie.
- Net profit increased 28% YoY to $64.2 million in Q2 2025
- Record-high Net Interest Income of $67.7 million, up 8% YoY
- Fee Income reached all-time high of $19.9 million, up 59% YoY
- Credit Portfolio grew 18% YoY to record $12.2 billion
- Strong asset quality with 97.9% of portfolio in Stage 1
- Excellent efficiency ratio of 23.1%
- Deposit base grew 23% YoY to new peak of $6.4 billion
- Net Interest Margin declined 7 basis points YoY to 2.36%
- Capital Adequacy Ratio slightly decreased to 13.9% from 14.0% YoY
- Impaired credits coverage ratio decreased to 5.1x from 7.5x YoY
Insights
Bladex posted impressive Q2 results with 28% YoY profit growth, record fees, and solid asset quality while maintaining strong capital ratios.
Bladex delivered exceptional Q2 2025 results with net profits of
The stellar performance was driven by multiple factors: record-high net interest income of
Bladex's credit portfolio reached an all-time high of
The bank maintained robust efficiency with a
From a capital perspective, Bladex maintains strong positions with a
The consolidated financial information in this document has been prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB").听听听听听听听听听听听
Financial & Business Highlights
- Improved profitability, with Net Profits reaching
$64.2 million 28% YoY) and$115.9 million 14% YoY), fostered by strong top-line revenues, with stable credit provisions and greater efficiency. - Annualized Return on Equity ("ROE") increased to
18.5% in 2Q25 (+222bps YoY) and17.0% in 6M25 (+47bps YoY), on the back of stronger income growth and the strengthening of the Bank's business model and successful execution of its strategy. - Net Interest Income ("NII") increased听to a record-high of
$67.7 million 8% YoY) and$133.0 million 6% YoY), mainly driven by higher average business volumes and margin stability. Consequently, Net Interest Margin ("NIM") stood at2.36% for 2Q25 (-7bps YoY) and 6M25 (-9bps YoY), in the face of increased USD market liquidity driving competitive pricing. - Record Fee Income听补迟
$19.9 million 59% YoY) and$30.5 million 39% YoY), driven by the strong performance in all business lines, highlighted by the Bank's largest ever structured transaction and higher fees from letters of credit and credit commitments. - Well-managed Efficiency Ratio of
23.1% for 2Q25 and24.9% in 6M25, as revenue growth overcompensated the ongoing investments in technology, modernization and other business initiatives related to the Bank's strategy execution. - Credit Portfolio reached new all-time high听补迟
$12,182 million 18% YoY), resulting from:- Commercial Portfolio听EoP balances reaching an historic peak of
$10,819 million 18% YoY), driven by higher off-balance sheet business (+25% YoY), supported by strong credit demand across all business products. - Investment Portfolio amounted to
$1,363 million 20% 听YoY), mostly consisting of investment-grade securities outside ofLatin America held at amortized cost, further enhancing country and credit-risk diversification and providing contingent liquidity funding.
- Commercial Portfolio听EoP balances reaching an historic peak of
- Healthy asset quality, with most of the credit portfolio (
97.9% ) remaining low risk or Stage 1 at the end of 2Q25. Impaired credits or Stage 3 principal balance totaled$19 million 0.2% of total Credit Portfolio, with a robust reserve coverage of 5.1x. - Steady growth of the Bank's deposit base, reaching
$6,446 million 23% YoY), representing a new all-time high, and62% of the Bank's total funding sources (+4pp YoY). The Bank also counts on ample and constant access to interbank and debt capital markets, denoted by its most recent$4 billion - Strong Liquidity position at
$1,959 million 15.5% of total assets as of June 30, 2025, mostly consisting of deposits placed with the Federal Reserve Bank ofNew York (96% ). - The Bank麓s Tier 1 Basel III Capital and Regulatory Capital Adequacy Ratios听stood at
15.0% and13.9% , respectively, enhanced by strong earnings generation and within the Bank's risk appetite. - Quarterly dividend payment:听The Board of Directors approved a quarterly common dividend of
$0.62 5
听
Financial Snapshot听 | |||||
(US$ million, except percentages and per share amounts) | 2Q25 | 1Q25 | 2Q24 | 6M25 | 6M24 |
Key Income Statement Highlights | |||||
Net Interest Income ("NII") | |||||
Fees and commissions, net | |||||
Gain (loss) on financial instruments, net | ( | ( | |||
Total revenues | |||||
Provision for credit losses | ( | ( | ( | ( | ( |
Operating expenses | ( | ( | ( | ( | ( |
Profit for the period | |||||
Profitability Ratios | |||||
Earnings per Share ("EPS") (1) | |||||
Return on Average Equity ("ROE") (2) | 18.5听% | 15.4听% | 16.2听% | 17.0听% | 16.5听% |
Return on Average Assets ("ROA") (3) | 2.1听% | 1.8听% | 1.9听% | 2.0听% | 1.9听% |
Net Interest Margin ("NIM") (4) | 2.36听% | 2.36听% | 2.43听% | 2.36听% | 2.45听% |
Net Interest Spread ("NIS") (5) | 1.70听% | 1.65听% | 1.74听% | 1.68听% | 1.77听% |
Efficiency | 23.1听% | 26.9听% | 24.3听% | 24.9听% | 24.7听% |
Assets, Capital, Liquidity & Credit Quality | |||||
Credit Portfolio (7) | |||||
Commercial Portfolio (8) | |||||
Investment Portfolio | |||||
Total Assets | |||||
Total Equity | |||||
Market Capitalization (9) | |||||
Tier 1 Capital to Risk-Weighted Assets (Basel III 鈥� IRB) (10) | 15.0听% | 15.1听% | 16.2听% | 15.0听% | 16.2听% |
Capital Adequacy Ratio (Regulatory) (11) | 13.9听% | 13.5听% | 14.0听% | 13.9听% | 14.0听% |
Total Assets / Total Equity (times) | 9.0 | 9.0 | 8.6 | 9.0 | 8.6 |
Liquid Assets / Total Assets (12) | 15.5听% | 14.9听% | 17.4听% | 15.5听% | 17.4听% |
Credit-impaired Loans to Loan Portfolio (13) | 0.2听% | 0.2听% | 0.1听% | 0.2听% | 0.1听% |
Impaired Credits (14) to Credit Portfolio | 0.2听% | 0.1听% | 0.1听% | 0.2听% | 0.1听% |
Total Allowance for Losses to Credit Portfolio (15) | 0.8听% | 0.8听% | 0.7听% | 0.8听% | 0.7听% |
Total Allowance for Losses to Impaired credits (times) (15) | 5.1 | 5.3 | 7.5 | 5.1 | 7.5 |
Recent Events
Rating Updates: On July 2, 2025, Moody's Investors Service affirmed Bladex's all ratings, including its long- and short-term foreign currency deposit ratings at "Baa2/Prime-2", respectively. The outlook on Bladex's long-term foreign currency ratings remains "Stable".
On May 28, 2025, S&P Global Ratings affirmed the Bank's global issuer credit ratings at "BBB/A-2".听 The outlook remains "Stable".
On May 15, 2025, Fitch Ratings affirmed Bladex's Long- and Short-Term Issuer Default Rating at 'BBB/F2', respectively.听 The outlook remains "Stable".听 In addition, the Bank's National Long- and Short-Term ratings were affirmed at 'AAA(pan)'/Outlook Stable, and 'F1+(pan)', respectively.
Notes
- Numbers and percentages set forth in this earnings release have been rounded and accordingly may not total exactly.
- QoQ and YoY refer to quarter-on-quarter and year-on-year variations, respectively.
Footnotes
- Earnings per Share ("EPS") calculation is based on the average number of shares outstanding during each period.
- ROE refers to return on average stockholders' equity which is calculated based on unaudited daily average balances.
- ROA refers to return on average assets which is calculated based on unaudited daily average balances.
- NIM refers to net interest margin which constitutes to Net Interest Income ("NII") divided by the average balance of interest-earning assets.
- NIS refers to net interest spread which constitutes the average yield earned on interest-earning assets, less the average yield paid on interest-bearing liabilities.
- Efficiency
Ratio refers to consolidated operating expenses as a percentage of total revenues. - The Bank's "Credit Portfolio" includes (i) loans 鈥� principal balance, which excludes interest receivable, allowance for loan losses, and unearned interest and deferred fees (or the "Loan Portfolio"); (ii) principal balance of securities at听FVOCI and at amortized cost, which excludes interest receivable and allowance for expected credit losses (or the "Investment Portfolio"); and (iii) loan commitments and financial guarantee contracts, such as confirmed and stand-by letters of credit and guarantees covering commercial risk and other assets consisting of customers' liabilities under acceptances.
- The Bank's "Commercial Portfolio" includes loans 鈥� principal balance (or the "Loan Portfolio"), loan commitments and financial guarantee contracts, such as issued and confirmed letters of credit, stand-by letters of credit, guarantees covering commercial risk and other assets consisting of customers' liabilities under acceptances.
- Market capitalization corresponds to total outstanding common shares multiplied by market close price at the end of each corresponding period.
- Tier 1 Capital ratio is calculated according to听Basel III capital adequacy guidelines, and as a percentage of risk-weighted assets. Risk-weighted assets are estimated based on Basel III capital adequacy guidelines, utilizing internal-ratings based approach or "IRB" for credit risk and standardized approach for operational risk.
- As defined by the Superintendency of Banks of
Panama through Rules No. 01-2015, 03-2016 and 05-2023, based on听Basel III standardized approach. The capital adequacy ratio is defined as the ratio of capital funds to risk-weighted assets, rated according to the asset's categories for credit risk. In addition, risk-weighted assets consider calculations for market risk and operating risk. - Liquid assets consist of total cash and due from banks, excluding time deposits with original maturity over 90 days and other restricted deposits, as well as corporate debt securities rated A- or above. Liquidity ratio refers to liquid assets as a percentage of total assets.
- Loan Portfolio refers to loans 鈥� principal balance, which excludes interest receivable, allowance for loan losses, and unearned interest and deferred fees. Credit-impaired loans are also commonly referred to as Non-Performing Loans or听NPLs.
- Impaired Credits refers to Non-Performing Loans or听NPLs and non-performing securities at FVOCI and at amortized cost.
- Total allowance for losses refers to allowance for loan losses plus allowance for loan commitments and financial guarantee contract losses, allowance for investment securities losses and allowance for cash and due from banks losses.
Safe Harbor Statement
This press release contains forward-looking statements of expected future developments within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as: "anticipate", "intend", "plan", "goal", "seek", "believe", "project", "estimate", "expect", "strategy", "future", "likely", "may", "should", "will" and similar references to future periods. The forward-looking statements in this press release include the Bank's financial position, asset quality and profitability, among others. These forward-looking statements reflect the expectations of the Bank's management and are based on currently available data; however, actual performance and results are subject to future events and uncertainties, which could materially impact the Bank's expectations. Among the factors that can cause actual performance and results to differ materially are as follows: the coronavirus (COVID-19) pandemic and geopolitical events; the anticipated changes in the Bank's credit portfolio; the continuation of the Bank's preferred creditor status; the impact of increasing/decreasing interest rates and of the 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 expected credit losses; the need for additional allowance for expected credit losses; the Bank's ability to achieve future growth, 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; the possibility of fraud; and the adequacy of the Bank's sources of liquidity to replace deposit withdrawals. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
About Bladex
Bladex, a multinational bank originally established by the central banks of Latin-American and
Bladex is listed on the NYSE in
Conference Call Information
There will be a conference call to discuss the Bank's quarterly results on Tuesday, August 5, 2025, at 11:00 a.m.
For more information, please access 听or contact:
Mr. Carlos Daniel听Raad
Chief Investor Relations Officer
Tel:听+507 366-4925 ext. 7925
E-mail:听[email protected]听/ [email protected]
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SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)
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