Bladex delivers record profits of $ 206 million, increases the quarterly dividend by 25%

• Historical net income of 206 million dollarsA 24% increase compared to the previous year
• 25% Dividend increase, the confidence in the bank's growth displacement is reflected
• A solid growth of the fee income, which is due to higher activities in relation

Panama CityPresent February 28, 2025 / Prnewswire/ – Banco Latinoamericano de Comercio Exterior, SA (Bladex) (NYSE: Blx) today announced its financial results for the fourth quarter and the entire year 2024 and reaches the historical level of profitability and business growth.

The commercial loan sports folio grew through 18%exceed 10 billion dollars for the first time. The quality of the portfolios remained at an optimal level, whereby the needy loans were close to zero, which reflected disciplined risk management.

The deposits grew considerably and reached 5.4 billion US dollarsrepresent 54% total financing. This increase 23% in the year end balance sheets and 33% In average credit for the year, the bank of the bank exceeded 30% Growth goal.

The fee income reached a record $ 44 millionhigh 37% from 2023, driven by A 24% Increasing lending fees and a 38% Increase in the syndication fees, whereby the total transactions exceed 2.5 billion US dollars. This fee growth of the fee income reflects the success of the initial implementation phase of the 2022-2026 strategy plan from Bladex, which aims to expand and diversify the sources of income and to ensure a solid return on equity beyond the interest cycles.

This performance was accompanied by 10% Wealth growth and efficient cost management reflects in A 26.5% Efficiency relationship.

As a result of this strong performance, Bladex achieved a record net income of 206 million dollarsA 24% Increase of the year compared to the previous year, with Roe reaching 16.2%Up to 153 basis points from 2023, and underlines the efficiency and profitability of its business model.

In the recognition of these results, the AA board of directors approved 25% Increase in the quarterly dividend, confidence in Bladex's growth curia and the commitment to the provision of Shareholder Value.

“2024 was a historic year for Bladex. We exceeded our own expectations and achieved the record rental stability and portfolio ax.” said Jorge Salas, CEO from Bladex. “The increase in dividends reflects our trust in the bank's financial strength and ability to maintain profitable growth. In addition, the expansion of our fee income is a clear sign that our diversification strategy provides results.”

With a view to 2025, Bladex will continue to carry out its strategic plan, including the introduction of its platform for digital trade financing in the second half of the year, which further enhances its product range and operating efficiency.

Carlos Daniel Raad – Chief Investor Relations Officer
Email address: ir@bladex.com
Tel: +507 210-8563

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Source Banco Latinoamericano de Comercio Exterior, Sat (Bladex)