BLX · Banco Latinoamericano de Comercio Exterior, S. A.

Bladex delivered solid profitability in the first quarter of 2026, with net profits rising 9% year-over-year to $56.4 million. The results were primarily driven by balance sheet expansion and robust revenue generation. Net Interest Income (NII) grew 8% YoY to $70.2 million, fueled by higher average business volumes, although the Net Interest Margin (NIM) experienced slight compression of 2 basis points to 2.34% due to lower base rates and competitive pricing pressures, which were partially mitigated by improved funding costs from deposit growth. Fee income demonstrated strength, increasing 24% YoY in the off-balance sheet business, contributing to total fees and commissions of $13.1 million. The Credit Portfolio reached an all-time high of $13,487 million, up 13% YoY, with asset quality remaining healthy as 97.5% of the portfolio was classified as low-risk or Stage 1. Funding dynamics improved significantly, with total deposits climbing 25% YoY to a historic $7,307 million, now constituting 63% of total funding sources. The Bank maintained a strong liquidity position of $1,988 million and robust capital ratios, with a Tier 1 Capital Ratio of 17.9%, providing ample headroom for continued strategic deployment.