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Banco Latinoamericano de Comercio Exterior, S. A. BLX
$38.70 $0.431.12% NYSE
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Corporate Info
Website
Phone Number
507 210 8500
Address
Torre V, Business Park
Avenida La Rotonda
Urb. Costa del Este
P.O. Box 0819-08730
Panama City,
Country
Panama
Year Founded
1975
Details
Sector
Financials
Industry
Financial Services
Employees
Business Decription
Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, engages in financing of foreign trade and economic integration in Latin America and the Caribbean. It operates through two segments, Commercial and Treasury. The company accepts deposits. It also offers products and services, such as origination of bilateral short- and medium-term loans, structured and syndicated credits, and loan commitments; financial guarantee contracts, including issued and confirmed letters of credit, stand-by letters of credit, guarantees covering commercial risk, and other assets of customers’ liabilities under acceptances; and co-financing arrangements, underwriting of syndicated credit facilities, structured trade financing in the form of factoring and vendor financing, and financial leasing. In addition, the company is involved in investment management activities, including securities at fair value through other comprehensive income and amortized cost. It serves financial institutions, corporations, sovereigns, and state-owned entities. The company was formerly known as Banco Latinoamericano de Exportaciones, S.A. and changed its name to Banco Latinoamericano de Comercio Exterior, S. A. in June 2009. Banco Latinoamericano de Comercio Exterior, S. A. was founded in 1975 and is headquartered in Panama City, the Republic of Panama.