Banco Latinoamericano de Comercio Exterior, S.A (BLX), commonly known as Bladex, is a multinational bank concentrating on trade finance. Due to bleak trade and economic outlook for the Latin American region, it is likely that loan impairment charge will rebound after remaining subdued in 2019, thereby leading to earnings decline next year. Net Income is expected to be further pressurized by lower net interest margin and other income. Moreover, normalization of non-interest expense is expected to drag earnings in 2020.
Risk from Argentina to Increase Loan Impairment Charge
BLX is exposed to Argentina