| Business Summary | | Banco
Latinoamericano
de
Exportaciones,
S.A.
(BLADEX
Panama),
together
with
its
subsidiaries
(the
Bank),
is
a
specialized
multinational
bank
established
to
finance
trade
in
the
Region
(Latin
America
and
the
Caribbean
countries).
BLADEX
Panama's
three
subsidiaries
are
Banco
Latinoamericano
de
Exportaciones,
Limited
(BLADEX
Cayman),
BLADEX
Representacao
Ltda.
and
BLADEX
Holding.
The
Bank
is
principally
engaged
in
providing
short-
and
medium-term
financing
to
its
stockholder
banks
and
to
other
selected
commercial
banks
in
the
Region,
which
in
turn
lend
to
businesses
engaged
in
foreign
trade
and
to
state
and
private
export
institutions.
As
of
December
31,
2000,
the
Bank
provided
financing
to
approximately
73
of
its
201
stockholder
banks
and
to
191
non-stockholder
institutions.
The
Bank
also
lends
directly
to
non-bank
private
entities,
most
of
them
engaged
in
foreign
trade
in
the
Region,
through
co-financing
and
loans
syndications
with
other
banks. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BLX
is
a
global
bank
providing
short
term
trade
related
financing
to
its
stockholder
banks
and
other
institutions
in
Latin
America
and
the
Caribbean.
For
the
three
months
ended
3/31/01,
interest
income
rose
17%
to
$111.1
million.
Net
interest
income
after
loan
loss
prov.
fell
7%
to
$26.9
million.
Net
income
applicable
to
Common
and
before
acct.
change
fell
less
than
1%
to
$25.7
million.
Results
reflect
lower
interest
rates,
offset
by
lower
commission
income
and
higher
operating
costs. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
after
tax
earnings
were
33,200. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Sebastiao Toledo Cunha | Chairman | Jose Castaneda | CEO,
Director | Roberto Anguizola | Sr.
VP of Credit and Marketing | Haydee De Cano | Sr.
VP, Admin. | Christopher Hesketh | Sr.
VP, Treasury |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|