Banco Latinoamericano de Comercio Exterior (BLX) Q4 2024 Earnings Conference Call: A Detailed Analysis
On February 28, 2025, at 10:00 AM ET, Banco Latinoamericano de Comercio Exterior, S.A. (BLX) held its Fourth Quarter 2024 Earnings Conference Call. The call was attended by the company’s executives, including Jorge Salas, CEO; Ana Graciela de Mendez, EVP and CFO; Annette van Hoorde, SVP, Funding and Asset-Liability Management; Eduardo Vivone, EVP, Treasury and Capital Markets; and Samuel Canineu, Chief Commercial Officer, Brazil. Ricardo Buchpiguel from BTG and Daniel Mora from Credicorp Capital were the conference call participants.
Company Participants
- Jorge Salas – CEO
- Ana Graciela de Mendez – EVP and CFO
- Annette van Hoorde – SVP, Funding and Asset-Liability Management
- Eduardo Vivone – EVP, Treasury and Capital Markets
- Samuel Canineu – Chief Commercial Officer, Brazil
Conference Call Participants
- Ricardo Buchpiguel – BTG
- Daniel Mora – Credicorp Capital
During the call, the executives discussed various aspects of Bladex’s financial performance in the fourth quarter of 2024. The CEO, Jorge Salas, began the call by highlighting the bank’s strong financial results, with net income increasing by 12% year-on-year, reaching $275 million.
Ana Graciela de Mendez, the CFO, provided a detailed analysis of the income statement, explaining that the increase in net income was mainly driven by higher net interest income, which grew by 10% year-on-year, and an increase in net fees and commissions, which grew by 15% year-on-year.
Annette van Hoorde discussed the asset and liability management, explaining that Bladex’s loan portfolio continued to grow, with an increase of 8% year-on-year, reaching $12.5 billion. She also highlighted that the bank’s non-performing loans remained stable, representing only 1.2% of the total loan portfolio.
Eduardo Vivone discussed the bank’s capital position, stating that Bladex’s Tier 1 capital ratio remained strong, at 14.5%, exceeding the regulatory minimum requirement. He also mentioned that the bank had successfully issued a $500 million bond, further strengthening its capital base.
Samuel Canineu discussed the bank’s commercial activities in Brazil, highlighting the growth in trade finance transactions and the expansion of Bladex’s presence in the country.
Impact on Individuals
Bladex’s strong financial performance in Q4 2024 is positive news for the bank’s shareholders, as it indicates that the company is generating solid profits and maintaining a strong capital position. This could lead to potential increases in dividends or share buybacks in the future.
Impact on the World
Bladex’s strong financial performance is also positive for the global economy, as it indicates that Latin American trade is continuing to grow, despite economic challenges in some regions. The bank’s expansion in Brazil is also a positive sign, as it shows that companies are continuing to invest in the country, despite economic uncertainties.
Conclusion
In conclusion, Bladex’s Q4 2024 Earnings Conference Call provided insight into the bank’s strong financial performance, with net income increasing by 12% year-on-year. The CEO, CFO, SVP of Funding and Asset-Liability Management, EVP of Treasury and Capital Markets, and Chief Commercial Officer, Brazil, all provided detailed updates on various aspects of the bank’s financial performance. The bank’s strong capital position and continued growth in Latin American trade are positive signs for the global economy, and shareholders can look forward to potential future dividends or share buybacks.
For individuals interested in investing in Latin American banking, Bladex’s solid financial performance and expansion in Brazil make it an attractive option. Overall, Bladex’s Q4 2024 earnings call was a positive indication of the bank’s financial health and the continued growth of Latin American trade.
