Banco Latinoamericano de Comercio Exterior, S. A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 22, 2024 at 07:01 pm EST
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Banco Latinoamericano de Comercio Exterior, S. A. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 65.57 million compared to USD 49.43 million a year ago. Net income was USD 46.39 million compared to USD 31.03 million a year ago. Basic earnings per share from continuing operations was USD 1.27 compared to USD 0.85 a year ago. Diluted earnings per share from continuing operations was USD 1.27 compared to USD 0.85 a year ago.
For the full year, the company reported net interest income was USD 233.18 million compared to USD 148.01 million a year ago. Net income was USD 166.16 million compared to USD 92.04 million a year ago. Basic earnings per share from continuing operations was USD 4.55 compared to USD 2.54 a year ago. Diluted earnings per share from continuing operations was USD 4.55 compared to USD 2.54 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. 
