Banco Latinoamericano de Comercio Exterior, S. A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 20, 2023
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Banco Latinoamericano de Comercio Exterior, S. A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 54.46 million compared to USD 32.7 million a year ago. Net income was USD 37.07 million compared to USD 23.02 million a year ago. Basic earnings per share from continuing operations was USD 1.02 compared to USD 0.63 a year ago. Diluted earnings per share from continuing operations was USD 1.02 compared to USD 0.63 a year ago.
For the six months, net interest income was USD 107.08 million compared to USD 58.42 million a year ago. Net income was USD 74.02 million compared to USD 34.14 million a year ago. Basic earnings per share from continuing operations was USD 2.03 compared to USD 0.94 a year ago. Diluted earnings per share from continuing operations was USD 2.03 compared to USD 0.94 a year ago.
Banco Latinoamericano de Comercio Exterior, S.A. (the Bank) is a specialized multinational bank. The Bank is established to support the financing of trade and economic integration in Latin America and the Caribbean. The Company operates in two segments: Commercial and Treasury. The Bank's Commercial segment incorporates all of the Bank's financial intermediation and fees generated by the commercial portfolio activities, such as origination of bilateral and syndicated credits, short- and medium-term loans, acceptances and contingent credits. The Bank's Treasury segment incorporates deposits in banks and all of the Bank's trading assets, securities available-for-sale and held-to-maturity, and the balance of the investment funds. The Bank serves a range of sectors, including oil and gas, agribusiness, food processing and manufacturing. Its products and services are categorized into three main areas: Financial Intermediation Business, Structuring and Syndications Business and Treasury.
BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S. A. 
