Overview

* Bladex Q2 net profit rises 28% YoY to $64.2 mln

* Net interest income hits record $67.7 mln, driven by higher business volumes

* Fee income surges 59% YoY, reflecting strong performance across business lines

Result Drivers

* NET INTEREST INCOME - Record-high net interest income driven by higher average business volumes and margin stability

* FEE INCOME - Record fee income due to strong performance in all business lines, including largest ever structured transaction

* CREDIT PORTFOLIO - All-time high credit portfolio supported by strong credit demand across all business products

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $90 mln

Revenue

Q2 EPS $1.73

Q2 Net $64.20

Income mln

Q2 Net $67.70

Interest mln

Income

Q2 -$5 mln

Credit

Loss

Provisio

n

Q2 -$20.80

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the corporate financial services peer group is "buy"

* Wall Street's median 12-month price target for Foreign Trade Bank of Latin America Inc ( BLX ) is $43.10, about 5.9% above its August 4 closing price of $40.57

* The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)