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Just saw this and here ya go James, hope it helps ;^)

So, what we have here is a South American Trade Bank with a steady dividend,
a rising Book Value,
and an improving efficiency ratio,
uniquely situated to benefit from the expansion of the Panama canal.

BLADEX’S PROFIT FOR THE FIRST QUARTER 2017 REACHED $23.5 MILLION, OR $0.60 PER SHARE,
UP 76% QoQ ON LOWER CREDIT PROVISION CHARGES, STABLE YoY

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX, “Bladex”, or
“the Bank”), a Panama-based multinational bank originally established by the
central banks of 23 Latin-American and Caribbean countries to promote
foreign trade and economic integration in the Region, today announced its
results for the first quarter (“1Q17”) ended March 31, 2017...................

1Q17 Highlights
Reported results:

Bladex’s 1Q17 Profit totaled $23.5 million, up 76% compared to the
previous quarter, mostly on lower provisions for expected credit losses
(“ECL”), and stable YoY as the effect of higher total income and improved
efficiency was offset by provisions for ECL on certain exposures.

Net Interest Income reached $34.4 million in 1Q17 (-9% QoQ, -13% YoY),
on lower average loan portfolio balances from continued efforts to reduce
country, industry and client concentrations, focus on short-term trade
lending, and seasonally lower demand in most countries of the Region.

Fees and Other Income totaled $3.7 million in 1Q17 (-22% QoQ, +31%
YoY), on increased business activity in letters of credit, partially offset by
lower commissions from the syndication business, while several
transactions are currently in process.

Mr. Rubens V. Amaral Jr., Bladex’s Chief Executive Officer, stated the following regarding the Bank’s 1Q17 results:
"Historically, we have come to expectseasonally lower activity during first quarters due to a variety of reasons, and this quarter was certainly not an exception to this track record. The operating environment remained relatively volatile throughout the first quarter, with continued political and economic noise coming from international fronts as well
as from several countries in the Region, and this put in our view an additional damper on lending activity in the Region.
Adding to that is Bladex’s internal focus on maintaining strict lending discipline, as we continue to shape the portfolio mix towards greater trade content, shorter average durations and lesser
country, sector and client concentrations.

Despite this backdrop, however, Bladex was able to stabilize its operating performance at more satisfactory levels. We believe that the time is now to
successfully execute a significant mix shift towards lower risk exposures, as the current rate environment, with gradually and continuously rising market
rates (i.e. LIBOR), and strong lending spreads helps buttress the impact on net interest margin and spreads........"

http://www.bladex.com/sites/default/files/financial-reports/......

______________________________________________

Of interest is the decreasing Efficiency ratio ( a decreasing ratio is a Positive sign)

The 1Q17 Efficiency Ratio stood at 29%, (+1 ppt QoQ, -4 ppts YoY), as
operating expenses decreased 8% QoQ and 9% YoY, and total income
increased 3% YoY, while seasonally lower QoQ (-11%).

Here is an article explaining the use of the efficiency ratio ;^)

What Is the Efficiency Ratio?
This easy-to-calculate metric lies at the heart of successful bank stock investing.

Thus, the efficiency ratio packs a double punch. Not only does it correspond to lower operating expenses, it also corresponds to lower loan losses. And it's for these reasons that I believe the efficiency ratio is the single most important metric when it comes to investing in bank stocks.
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&......
____________________________________________

Another metric that i like to keep an eye on is Book value:

Last Quarter Book Value:
Book value (period average) went up to 25.42 from 24.39 a year ago
Book value (period end) went up to 25.83 from 24.94 a year ago.

THIS Quarter Book Value:
Book value (period average) went up to 25.83 from 25.06 a year ago
Book value (period end) went up to 25.97 from 25.18 a year ago
______________________________________

So, what we have here is a South American Trade Bank with a steady dividend,
a rising Book Value,
and an improving efficiency ratio,
uniquely situated to benefit from the expansion of the Panama canal.

Official Website for the Panama Canal Expansion
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&......

Conference Call
First Quarter 2017
April 21, 2017
11:00 am (ET)
http://www.bladex.com/investors/conference_call

Wepa: https://www.youtube.com/watch?v=e4FzG7Y0RCU

and dont miss CMFTomBooker's Bladex coverage and special MDP summary report from last quarter:
Bladex Q4 and 2016 results
http://boards.fool.com/Message.aspx?mid=32605009

Fool ommmm , cc
your Foolish neighborhood BLX ticker guide
long of BLX
please click my screen name for disclosed holdings
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