Bladex Inc.

NYSE:BLX 주식 리포트

시가총액: US$2.3b

Bladex 경영진

경영진 기준 점검 2/4

Bladex CEO는 Taurel Salas, Mar2020 에 임명되었습니다 의 임기는 6.25 년입니다. 는 $6.10M 가치에 해당하는 회사 주식의 0.26% 직접 소유합니다. 경영진과 이사회의 평균 재임 기간은 각각 4.9 년과 6.6 년입니다.

핵심 정보

Taurel Salas

최고경영자

n/a

총 보수

CEO 급여 비율n/a
CEO 재임 기간6.3yrs
CEO 지분 보유율0.3%
경영진 평균 재임 기간4.9yrs
이사회 평균 재임 기간6.6yrs

최근 경영진 업데이트

Recent updates

내러티브 업데이트 Jun 16

BLX: Rebranding And Stable Profitability Will Support A Bullish Outlook

Analysts have kept their price target for Banco Latinoamericano de Comercio Exterior S. A.
내러티브 업데이트 Jun 02

BLX: Rebranding To Bladex And Strong Margins Will Support Bullish Outlook

Analysts have lifted their price target for Banco Latinoamericano de Comercio Exterior S. A.
내러티브 업데이트 May 15

BLX: Lower Funding Costs And Rebrand Will Support Long-Term Value Creation

Analysts have raised their price target for Banco Latinoamericano de Comercio Exterior S. A.
Seeking Alpha Apr 29

Bladex Can Benefit From The Middle East Conflict Incrementing Trade Financing

Summary Banco Latinoamericano de Comercio Exterior remains a Buy, with undervaluation supported by robust loan and fee business growth despite competitive margin pressure. BLX's commercial portfolio grew 13% YoY to $12B, while fee and commission income rose 24% YoY, offsetting modest NIM compression. Management guides for 13–15% commercial portfolio growth and NIM around 2.3%, with ROE expected at 14–15% and capital ratios trending toward 15–16%. Risks center on competition-driven margin erosion, but short-duration assets, low impaired credits (0.4%), and commodity tailwinds support the current risk/reward. Read the full article on Seeking Alpha
내러티브 업데이트 Apr 27

BLX: Higher Dividend And New Name Will Support Future Returns

Analysts have lifted their price target for Banco Latinoamericano de Comercio Exterior S. A.
내러티브 업데이트 Apr 13

BLX: Higher Dividend Payout Will Support Bullish Outlook

Analysts have kept their average price target for Banco Latinoamericano de Comercio Exterior S. A.
내러티브 업데이트 Mar 30

BLX: Higher Dividend And Trade Platform Expansion Will Support Bullish Outlook

Analysts have raised their price target for Banco Latinoamericano de Comercio Exterior S. A.
내러티브 업데이트 Mar 16

BLX: Higher Dividend And Trade Banking Expansion Will Drive Future Returns

Analysts are maintaining the Banco Latinoamericano de Comercio Exterior S. A.
내러티브 업데이트 Mar 02

BLX: Dividend Uplift And Trade Banking Shift Will Shape Future Returns

Analysts kept their $55.00 price target for Banco Latinoamericano de Comercio Exterior S. A., explaining that adjustments to the discount rate, revenue growth outlook, profit margin assumptions and future P/E expectations offset each other enough that their overall valuation view stays the same.
내러티브 업데이트 Feb 16

BLX: Higher Dividend And Trade Platform Shift Will Frame Balanced Outlook

Analysts have maintained their $55.50 price target for Banco Latinoamericano de Comercio Exterior S. A., updating their assumptions to reflect a slightly lower discount rate, modestly revised revenue growth expectations, a small change in profit margin, and an adjusted outlook for the future P/E multiple.
내러티브 업데이트 Feb 02

BLX: Fee-Focused Trade Banking Pivot Will Support Long-Term Value Creation

Analysts have lifted their fair value estimate for Banco Latinoamericano de Comercio Exterior S. A.
내러티브 업데이트 Jan 18

BLX: Transactional Trade Shift And Tech Focus Will Support Future Upside

Analysts maintained their fair value estimate for Banco Latinoamericano de Comercio Exterior S. A.
내러티브 업데이트 Jan 04

BLX: Future Earnings Multiple Expansion Will Drive Stronger Share Price Performance

Analysts have raised their price target for Banco Latinoamericano de Comercio Exterior S. A.
내러티브 업데이트 Dec 15

BLX: Stable Discount Rate Will Support Future Bullish Momentum

Analysts have modestly reaffirmed their outlook on Banco Latinoamericano de Comercio Exterior S. A., maintaining a fair value estimate of $55.50 per share, as slight adjustments to the discount rate and forward valuation assumptions were not sufficient to warrant a price target change.
내러티브 업데이트 Dec 01

BLX: Stable Outlook Will Support Bullish Momentum Amid Minimal Assumption Shifts

Analysts have maintained their price target for Banco Latinoamericano de Comercio Exterior S. A.
내러티브 업데이트 Nov 17

BLX: Stable Outlook And Lower Discount Rate To Drive Bullish Sentiment

Analysts have maintained their price target for Banco Latinoamericano de Comercio Exterior S. A.
내러티브 업데이트 Nov 02

BLX: Forward Profitability And Modest Growth Will Unlock Latin American Potential

Narrative Update on Banco Latinoamericano de Comercio Exterior S. A.
내러티브 업데이트 Oct 18

Digital Trade Finance Platform Will Unlock Latin American Opportunities

Analysts have maintained their price target for Banco Latinoamericano de Comercio Exterior S. A.
내러티브 업데이트 Oct 04

Digital Trade Finance Platform Will Unlock Latin American Opportunities

Analysts have raised their price target for Banco Latinoamericano de Comercio Exterior S. A.
내러티브 업데이트 Sep 19

Digital Trade Finance Platform Will Unlock Latin American Opportunities

With consensus revenue growth forecasts essentially unchanged but a modest increase in future P/E multiples, analysts have slightly raised their fair value estimate for Banco Latinoamericano de Comercio Exterior S. A from $47.33 to $49.33.
내러티브 업데이트 Sep 04

Digital Trade Finance Platform Will Unlock Latin American Opportunities

With both revenue growth forecasts and the discount rate holding steady, analysts see no material change in Banco Latinoamericano de Comercio Exterior S. A’s outlook, resulting in the consensus price target remaining unchanged at $47.33.
Seeking Alpha Apr 18

Bladex: A Trade Finance Bank During A Trade Rift

Summary Bladex's Q4 earnings exceeded expectations, reaching $5.60 per share, and credit quality remains pristine; whilst the current price is near intrinsic value, justifying my "hold" rating. The bank's loan book has grown significantly, particularly in the corporate client segment, making it more sensitive to regional economic activity but also contributing to lending margins. Despite potential risks from U.S. tariffs and immigration policies, Latin America has a relative advantage, and Bladex's short-term loan book allows flexibility in risk management. Positive macroeconomic changes in Argentina, including reduced inflation and lifted currency controls, present new opportunities for Bladex, especially given Argentina's significant stock holdings in the bank. Read the full article on Seeking Alpha
Seeking Alpha Mar 11

Bladex's Growth Cannot Offset Spread Contraction And Cycle Risks; Moving To Hold

Summary Bladex's loan book is expanding, but margin compression continues due to lower rates and higher liquidity, impacting net interest margins. The LatAm macroeconomic environment is uncertain, affecting loan growth and credit risk, with concerns around US/Mexico tariffs and commodity price weakness. Despite strong risk management and low delinquencies, Bladex's valuation has become less attractive, moving from a Buy to a Hold rating. Long-term business expansion in treasury and trade finance could diversify earnings, but the current valuation and risk-reward profile no longer justify a Buy rating. Read the full article on Seeking Alpha
분석 기사 Mar 03

Banco Latinoamericano de Comercio Exterior S. A's (NYSE:BLX) Shareholders Will Receive A Bigger Dividend Than Last Year

Banco Latinoamericano de Comercio Exterior, S. A. ( NYSE:BLX ) will increase its dividend on the 25th of March to...
Seeking Alpha Jan 20

Mr. Market Is No Longer Wrong On Bladex

Summary Bladex saw significant fundamental improvement, with its loan book growing to $9.7 billion and profitability increasing to over $5/share. Management has effectively grown the loan book without incurring additional credit losses, maintaining a strong risk-weighted capital ratio and doubling dividends. Despite increased expenses, conservative underwriting practices and short-term loan durations mitigate funding risks, ensuring liquidity even if capital markets shut down. With the stock re-rated to $39/share, I have reduced my position by 30%, but will hold for dividends and expect returns around management’s 14% ROE target. Read the full article on Seeking Alpha
User avatar
새로운 내러티브 Nov 03

Bladex's Decisive Evolution And Innovative Platforms Drive Bright Financial Horizons

Shift towards cost-efficient deposits and strategic expansion is expected to boost net interest margins and support loan growth.
Seeking Alpha Nov 02

Bladex Continues To Grow But Warns Of Higher Competition, Still A Buy

Summary Bladex results are in line with continued growth in assets and flat spreads. However, the bank has warned of increasing competition. The company is expecting to grow its fee-based revenues, to reduce exposure to spread and interest rate risk. The bank offers a yield of more than 15%, at the same time as it grows its loan book at mid-teens. This seems very attractive. Even assuming a return to very loose credit conditions like 2021, and no reduction in OpEx, the bank continues to offer a good 8% yield. Read the full article on Seeking Alpha
분석 기사 Aug 30

Here's Why Banco Latinoamericano de Comercio Exterior S. A (NYSE:BLX) Has Caught The Eye Of Investors

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Seeking Alpha Jul 25

Bladex: Q2 2024 Keeps The Performance Trend, The Bank Is Still A Buy

Summary Bladex reported strong 2Q24 results with continued growth in book size, income, and fees. The bank's efficiency ratio is below 25%, making it one of the most efficient globally. Main risk is a global recession affecting Latin American trade patterns, but the stock remains attractive with a Buy rating. Read the full article on Seeking Alpha
분석 기사 May 01

Do Banco Latinoamericano de Comercio Exterior S. A's (NYSE:BLX) Earnings Warrant Your Attention?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Seeking Alpha Apr 12

Bladex Still An Opportunity, With Caution On New Business Segments

Summary Banco Latinoamericano de Comercio Exterior (Bladex) reports record FY23 results with net income, credit book, and net interest income all showing significant growth. Bladex is expanding into new areas of bank finance, including project finance, working capital, and treasury solutions. The company recognizes the need for limited growth and plans to return capital to shareholders while maintaining high returns on equity. Read the full article on Seeking Alpha
분석 기사 Jan 06

Here's Why We Think Banco Latinoamericano de Comercio Exterior S. A (NYSE:BLX) Is Well Worth Watching

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Seeking Alpha Dec 15

Bladex Is Still A Lopsided Bet On Latin American Growth

Summary BLX is a Panamanian bank with Latin American central banks as its primary depositors. BLX has experienced recent outperformance due to more lending and higher interest rates, leading to higher net interest income. The bank's profitability in the future will depend on global interest rates and the growth of the Latin American economy. Still, it is currently priced to yield 10% even in the worst-case scenario. Read the full article on Seeking Alpha
Seeking Alpha Nov 30

Bladex: Moving To Hold As Bull Thesis Has Played Out

Summary Bladex reported another strong quarter, and profits continue to hit new highs. However, I believe growth is about to slow down in 2024. Bladex shares have rallied sharply in 2023, and I no longer see much near-term upside. Read the full article on Seeking Alpha
분석 기사 Sep 06

If EPS Growth Is Important To You, Banco Latinoamericano de Comercio Exterior S. A (NYSE:BLX) Presents An Opportunity

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Seeking Alpha Aug 11

Bladex: A Speculative LatAm Play With Growth, Value, And Momentum

Summary Bladex's revenue, net income, and FCF are at or near record highs since 2014. Valuation multiples such as P/E, P/S, and P/B are near the bottom of their post-2014 ranges. Deposits recently hit a record high and became a larger fraction of Bladex's total funding, and the firm expects this trend to continue. Despite risks including an elevated exposure to the oil and gas sector and a geographically concentrated base of borrowers, Bladex’s strong financials, low multiples, and upward price momentum present an interesting opportunity for investors. Read the full article on Seeking Alpha

CEO

Taurel Salas (56 yo)

6.3yrs
재임 기간

Mr. Jorge L. Salas also known as Taurel, has been Chief Executive Officer of Banco Latinoamericano de Comercio Exterior, SA since March 9, 2020. Mr. Salas served as the Chief Executive Officer, President a...


리더십 팀

이름직위재임 기간보수지분
Jorge Salas
Chief Executive Officer6.3yrs데이터 없음0.26%
$ 6.1m
Annette van de Solis
Executive VP & CFO1.2yrs데이터 없음0.062%
$ 1.4m
Geraldine Abreu Cumarin
Executive VP of Technology & Operations and CTO1.8yrs데이터 없음0.0050%
$ 117.8k
Carlos Daniel Baene
Executive Vice President of Investor Relations4yrs데이터 없음0.034%
$ 790.7k
Tatiana Calzada
Executive VP & Chief Compliance Officer2.5yrs데이터 없음0.00074%
$ 17.3k
Jorge Real
Executive Vice President of Legal & Corporate Secretary10.2yrs데이터 없음0.027%
$ 622.7k
Jessica Janson
Vice President of Corporate Communications & Social Investment4.8yrs데이터 없음데이터 없음
Alejandro Tizzoni
Executive Vice President of Comprehensive Risk Management & Chief Risk Officer10.1yrs데이터 없음0.16%
$ 3.8m
Eduardo Vivone
Executive Vice President of Treasury & Capital Markets12.8yrs데이터 없음0.082%
$ 1.9m
Monica Cosulich
Senior VP of Finance & Investor Relationsno data데이터 없음데이터 없음
Olazhir Ledezma
Executive Vice President of Strategic Planning & Chief Strategy Officer4.9yrs데이터 없음0.067%
$ 1.6m
Adriana Lizzeth Forero
Executive Vice President of Audit5yrs데이터 없음0.029%
$ 669.6k
4.9yrs
평균 재임 기간
54yo
평균 나이

경험이 풍부한 관리: BLX의 경영진은 경험이 있음으로 간주됩니다(평균 재임 4.9 년).


이사회 구성원

이름직위재임 기간보수지분
Ricardo Arango Jimenez
Independent Director10.2yrs데이터 없음0.12%
$ 2.8m
Julianne Canavaggio
Directorless than a year데이터 없음데이터 없음
Roland Holst
Independent Director8.6yrs데이터 없음0.13%
$ 3.1m
Miguel Heras Castro
Independent Chairman of the Board11.2yrs데이터 없음1.42%
$ 33.2m
Jose Garzon Gaitan
Independent Director9.2yrs데이터 없음0.11%
$ 2.6m
Isela Angelica Costantini
Independent Director6.9yrs데이터 없음0.065%
$ 1.5m
Alexandra Aguirre
Independent Director6.3yrs데이터 없음0.065%
$ 1.5m
Tarciana Gomes Medeiros
Independent Director2.2yrs데이터 없음0.0056%
$ 130.7k
Angelica Celis
Independent Director3.3yrs데이터 없음0.017%
$ 392.2k
Juan Pazo
Directorless than a year데이터 없음데이터 없음
6.6yrs
평균 재임 기간
55yo
평균 나이

경험이 풍부한 이사회: BLX의 이사회경험이 있음으로 간주됩니다(평균 재임 6.6 년).


기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/06/25 03:15
종가2026/06/25 00:00
수익2026/03/31
연간 수익2025/12/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
  • 분석가 목표주가
시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
  • 이사회
주요 개발10년
  • 회사 공시

* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.

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산업 및 섹터 지표

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분석가 소스

Bladex Inc.는 7명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Gilberto GarciaBarclays
Ricardo BuchpiguelBTG Pactual
Iñigo Vega ZabalaJefferies LLC