Banco Latinoamericano de Comercio Exterior explained

Traded As:
Russell 2000 Component
Hq Location City:Panama City
Hq Location Country:Panama
Romanized Name:Foreign Trade Bank of Latin America
Former Name:Banco Latinoamericano de Exportaciones, S.A.
Services:Multinational banking

Banco Latinoamericano de Comercio Exterior, S.A. (English: Foreign Trade Bank of Latin America, known as Bladex, its commercial trademark) is a multinational bank. Founded in 1977 as Banco Latinoamericano de Exportaciones, S.A. and renamed in June 2009,[1] the company is headquartered in Panama City and finances Latin America and the Caribbean foreign trade.[2]

History

In May 1975, the Republic of Panama proposed to the Central Bank Governors of Latin America for export finance, it was approved in 1976, organized in 1977, incoporporated in 1978, and opened for business on January 2, 1979.[1] It was the first Latin American to be listed on the NYSE in 1992.[3] It was one of the tenants in One World Trade Center. It is one of the Companies listed on the New York Stock Exchange (B).

Business

The company finances Latin America and the Caribbean foreign trade through commercial (short and medium-term bilateral, structured and syndicated credits, and loan commitments) and treasury segments.[4]

Current and former board members

External links

Notes and References

  1. Web site: Who we are. October 10, 2019. Bladex.
  2. Web site: BLX:US: Banco Latinoamericano de Comercio Exterior SA. October 10, 2019. Bloomberg L.P..
  3. Web site: Value Investors Club / Banco Latinoamericano de Comercio Exterior (BLX) . 2016-04-16 . https://web.archive.org/web/20160428141204/https://www.valueinvestorsclub.com/idea/Banco_Latinoamericano_de_Comercio_Exterior/48365 . 2016-04-28 . dead .
  4. Web site: Banco Latinoamericano de Comercio Exterior, S.A (BLX). October 10, 2019. Yahoo! Finance.