Bladex Announces Net Profits of $56.4 Million for the First Quarter 2026

Bladex reported a net profit of $56.4 million for the first quarter of 2026, representing a 9% year-over-year increase. This was driven by a 7% rise in total revenues to $83.1 million, primarily from an 8% increase in Net Interest Income (NII) to $70.2 million, despite a slight decrease in Net Interest Margin (NIM) to 2.34%. Fee and non-interest income saw a 2% year-over-year increase to $12.9 million. The bank maintained a well-managed Efficiency Ratio of 26.5%. The Credit Portfolio reached a new all-time high of $13,487 million, a 13% increase year-over-year, with healthy asset quality, as 97.5% of the portfolio remained low-risk. The deposit base also grew significantly, reaching $7,307 million, a 25% increase year-over-year. Bladex’s capital ratios remained strong, with the Tier 1 Basel III Capital Ratio at 17.9% and the Capital Adequacy Ratio at 14.7%, both well above regulatory minimums. Recent events include the approval of a quarterly common dividend and a change in the bank's name to "Bladex, Inc." Shareholders also reelected and elected new directors, and ratified KPMG as the independent auditor.