BLX - Bladex Still An Opportunity With Caution On New Business Segments
2024-04-12 09:10:43 ET
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.
Banco Latinoamericano de Comercio Exterior ( BLX ), or Bladex, is a Panamanian trade-finance bank.
Since October 2021 , I have considered Bladex a buy for a total return of 80%. In my latest article, from December 2023, I kept the Buy rating. Despite the recent appreciation, I considered Bladex still traded at a reasonable multiple of very pessimistic earnings....
Bladex Still An Opportunity, With Caution On New Business Segments