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Summary: Banco Latinoamericano de Comercio Exterior S.A. Jan 10
Standard & Poors, January 2010
Our ratings on Banco Latinoamericano de Comercio Exterior (Bladex) are based on the bank's outstanding asset quality, good management team, sustained good financial profile, adequate capital, and liquidity. These strengths are somewhat offset by its exposure to countries that suffer cyclically from financial distress, its concentrated deposit base, and the absence of a "lender of last resort" in Panama. Standard & Poor's Ratings Services views Bladex's asset quality as having been of superb quality during the past three years, thanks to sound underwriting standards and the strong monitoring and management of its loan portfolio despite more-stressed operating conditions. Since 2006, the bank has maintained an enviable credit loss record, with no nonperforming assets (NPAs). As of September 2009, the bank's...
Companies mentioned in this report are: Banco Latinoamericano de Comercio Exterior S.A.
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Banco Latinoamericano de Comercio Exterior S.A.