Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 3
The bad news might be that the downturn in Brazil has been holding BLX back. The Good news might be that BLX results should be near bottoming out:


2Q17 & 6M17 Highlights

Reported results:

Bladex's Profits for the 2Q17 and 6M17 totaled $17.5 million (-25% QoQ, -22% YoY) and $40.9 million (-10% YoY), respectively, mainly on lower net interest income generated in 2Q17 (-15% QoQ, -23% YoY) totaling $63.8 million in 6M17 (-18% YoY) from decreased average loan portfolio balances, reflecting lower demand in several countries of the Region during the quarter, along with the Bank's continued effort to reduce certain country, industry and client-specific exposures.

Fees and Other Income totaled $5.3 million in 2Q17 (+42% QoQ, flat YoY) and $9.0 million in first 6M17 (+11%), driven mostly by successful closings of two syndicated loan transactions during the 2Q17 and higher commissions YoY from letters of credit business activity.


cont'd

https://seekingalpha.com/pr/16893024-bladexs-profits-second-...

Starrob
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.