Banco Latinoamericano de Comercio Exterior S.A. Apr 11
- ID: 2091716
- April 2011
- Standard & Poors
Preferred creditor status in most countries in the region. Portfolio focused on trade finance 72% short term. Ample experience and expertise in the market and proactive management. Historical low level of NPL. Adequate core revenue generation but pressured profitability with volatile asset management business revenues. Vulnerability to economic cycle in the region. Geographic and depositor concentration. No lender of last resort. Standard & Poor's Ratings Services' ratings on Bladex reflect its adequate financial performance, strong market position with trade finance business, and the bank's fairly efficient and diversified operation that provides flexibility to its profitability. The short-term nature of its loan portfolio and Bladex's ability to recover in times of distress also support its ratings. The bank's exposure to speculative-grade...
Companies mentioned in this report are:
- Banco Latinoamericano de Comercio Exterior S.A.
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