PANAMA CITY, April 15, 2020 /PRNewswire/ -- Banco
Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the
"Bank"), announced today its Board of Directors' approval of a
quarterly cash dividend of US$0.25
per share corresponding to the first quarter of 2020.
Mr. Jorge Salas, Bladex's Chief
Executive Officer stated the following: "With this dividend, our
Board sends a message of confidence and reassurance of the Bank´s
solid financial position. We believe that strong levels of
capitalization, coupled with ample and prudent liquidity management
and sound asset quality, represent key foundations for the business
we operate, in the context of the unprecedented global impact of
COVID-19 pandemic outbreak. At the same time, under the current
market conditions, we have taken prudent measures in managing the
Bank, including the Board's decision to decrease the dividend for
the first quarter of 2020 by 35%, which still represents a 54%
payout with respect to quarterly earnings, and continues to offer
an attractive return supporting the long-term interests of our
shareholders."
The cash dividend is payable May 13,
2020 to the Bank's stockholders as of April 27, 2020 record date.
As of March 31, 2020, Bladex had
39,614,065.73 shares outstanding of all classes.
Bladex, a multinational bank originally established by the
central banks of Latin-American and Caribbean countries, began operations in 1979
to promote foreign trade and economic integration in the
Region. The Bank, headquartered in Panama, also has offices in Argentina, Brazil, Colombia, Mexico, the United
States of America, and a Representative License in
Peru, supporting the regional
expansion and servicing of its customer base, which includes
financial institutions and corporations.
Bladex is listed on the NYSE in the
United States of America (NYSE: BLX), since 1992, and its
shareholders include: central banks and state-owned banks and
entities representing 23 Latin American countries, commercial banks
and financial institutions, and institutional and retail investors
through its public listing.
For further information on Bladex, please access its website at
www.bladex.com or contact:
Monica Cosulich - SVP, Finance
and Investor Relations
E-mail address: ir@bladex.com. Tel.: (+507) 210-8563
Head Office Address: Torre V, Business Park, Ave. La Rotonda, Urb.
Costa del Este,
Panama, Republic of Panama
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SOURCE Banco Latinoamericano de Comercio Exterior, S.A.
(Bladex)