PANAMA CITY (AP) _ Banco Latinoamericano de Comercio Exterior SA (BLX) on Tuesday reported third-quarter profit of $15.4 million.

The Panama City-based bank said it had earnings of 39 cents per share.

The bank created in South and Central America to provide trade financing posted revenue of $42.3 million in the period. Its revenue net of interest expense was $25.2 million, topping Street forecasts.

Banco Latinoamericano shares have decreased 37% since the beginning of the year. The stock has decreased 35% in the last 12 months.

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