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Balance Sheet Cash Flow Statement 50th Street and Aquilino De La Guardia Panama City, Panama Tel. +507-210-8500 Fax +507-269-6333 |
Type: Public
On the web:
http://www.blx.com
Employees:
194
Employee growth: 3.2%
A multinational bank, Banco Latinoamericano de Comercio Exterior (which translates to "Foreign Trade Bank of Latin America", operating as Bladex) specializes in financing foreign trade for Latin American and Caribbean countries. Centrally based in Panama City, Bladex primarily provides short-term finance for some 270 clients, mainly commercial banks, in nearly 25 countries. Its main sources of funds are inter-bank deposits, investments, bond sales, and short-term borrowings from other international banks. The bank also offers trade financing to government entities and selected corporations. Bladex offers no retail services. The company changed its name from Banco Latinoamericano de Exportaciones in 2009.
Key numbers for fiscal year ending December, 2008:
Sales: $76.8M
One year growth: (36.7%)
Net income: $55.1M
Income growth: (23.6%)
Officers:
Chairman: Gonzalo Menéndez Duque
CEO and Director: Jaime Rivera
EVP and COO: Miguel Moreno
Competitors:
BBVA
Grupo Santander
Citigroup
