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Bladex's 1Q16 Net Profit totaled $23.4 million (+1% QoQ, -22% YoY), as improved Business Profit (1) of $28.1 million (+11% QoQ, +2% YoY)

...mainly from higher net interest income (+5% QoQ, +10% YoY), and lower operating expenses (-6% QoQ and YoY),
was partially offset by negative non-core results of $4.7 million in the 1Q16, mostly from the Bank's participation in the investment funds, terminated as of April 1, 2016.

The Bank's 1Q16 annualized return on average equity ROAE (3) and Business ROAE (4) reached 9.6% and 11.6%, respectively, compared to 9.5% and 10.4% in the fourth quarter 2015, and to 13.0% and 11.9% a year ago.

Last Quarter Book Value:
Book value (period average) December 31, 2015 24.39 , up from a year ago on December 31, 2014 at 23.10
Book value (period end) December 31, 2015 was 24.94, UP from a year ago on December 31, 2014 at 23.49

THIS Quarter Book Value:
Book value (period average) March 31st, 2016 is 25.06, up from a year ago on March 31st , 2015 at 23.99.
Book value (period end) March 31st, 2016 is 25.18, up from a year ago on March 31st 2015 at 24.20.

Mr. Rubens V. Amaral Jr., Bladex’s Chief Executive Officer, on Bank’s First Quarter 2016 results:

“We delivered solid and healthy core results in a quarter that traditionally is the slowest in Latin America, proving the capacity of Bladex toperform well in a more challenging economic environment.

This positive financial performance allowed the Bank to absorb non-recurring losses stemming from our investment in an asset management vehicle that had originally been designed to generate fee income for the
Bank. .....

The overall economic environment continues to be very challenging, as GDP growth remains sluggish and trade flows are increasing
only modestly in light of continued downward trends in commodity prices. Bladex continues well positioned to benefit in this type of
environment as our business origination remains fairly resilient in USD terms, boosting the number of transactions instead, and proving
the value of a dependable, client-focused, and truly pan-regional franchise......................"

First Quarter 2016 Earnings Conference Call
Friday, 15 Apr 2016
Edited Transcript of BLX earnings conference call

Well, Bladex joins some big banks reporting this week, Wells Fargo, BAC...

Bladex Book value continues to increase, dividend steady , expansion in the Future......

Trading this morning ~ 24.24$ with a Book Value of 25.18 sounds like a low risk call to me ;^)

more on conference call tomorrow.....

Fool ommm, cc
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