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This is a WSJ subscription only piece, but here's the free part. The key points for Bladex are that they project trade to grow quickly, there is a greater focus on trade within the region (which helps Bladex because both sides of the deal are more likely to need financing from a Latin American bank, and Bladex is primed to take advantage of regional trade growth because it has a strong balance sheet.

Bladex Sees Latin America Trade Growth Outpacing Economy In '10

MEXICO CITY (Dow Jones)--Trade finance bank Banco Latinoamericano de Comercio Exterior SA (BLX) expects trade flows in Latin America to recover this year at a faster rate than economies will after a steep drop in 2009.

"Traditionally, growth in trade has outpaced economic expansion. I believe we will see a return to that pattern--certainly in the second half of this year," said Jaime Rivera, chief executive of the bank known as Bladex.

The value of trade flows in U.S. dollar terms fell by 20% to 30% in most Latin American countries last year owing to the global crisis, he said ...
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