LOGO
LOGO

Quick Facts

Bladex Q1 Profit Decreases - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Banco Latinoamericano de Comercio Exterior, S.A. (BLX) reported first-quarter net income to shareholders of $16.3 million, or $0.43 per share, compared to $32.2 million, or $0.86 per share last year. The decrease in net income was largely driven by lower gains from Treasury activities, including the investment in the Investment Funds, along with $4.4 million in reversals of provisions for credit losses recorded in the first quarter 2012, the company said. Net interest income decreased to $26.0 million from $29.6 million last year.

Analysts polled by Thomson Reuters expected the company to report profit of $0.58 per share for the quarter. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

Latest Updates on COVID-19