Banco Latinoamericano de Comercio Exterior, S. A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 20, 2023 at 03:49 pm EDT
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Banco Latinoamericano de Comercio Exterior, S. A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 60.54 million compared to USD 40.16 million a year ago. Net income was USD 45.75 million compared to USD 26.87 million a year ago. Basic earnings per share from continuing operations was USD 1.25 compared to USD 0.74 a year ago. Diluted earnings per share from continuing operations was USD 1.25 compared to USD 0.74 a year ago.
For the nine months, net interest income was USD 167.62 million compared to USD 98.58 million a year ago. Net income was USD 119.77 million compared to USD 61.02 million a year ago. Basic earnings per share from continuing operations was USD 3.28 compared to USD 1.68 a year ago. Diluted earnings per share from continuing operations was USD 3.28 compared to USD 1.68 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. 
