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BULLETIN: Banco Latinoamericano de Exportaciones S.A. Announces Capital Management Program Aug 04
Standard & Poors, August 2004
NEW YORK (Standard & Poor's) Aug. 5, 2004--Standard & Poor's Ratings Services said today that Banco Latinoamericano de Exportaciones S.A.'s (Bladex; BBB-/Stable/A-3) announced capital management plan will not impact the outstanding credit ratings or outlook on the bank. The proposed plan incorporates an increase of 0.05 per share of common stock in quarterly dividends; an extraordinary dividend to be paid in October 2004; and a three-year stock repurchase program up to $50 million. The last two elements of the program amount to around $89 million. At March 2004, Bladex reported total capital of $611 million and a total capital ration of 39%. The bank has been able to manage and collect successfully on its riskier credit exposures and maintains a...
Companies mentioned in this report are: Banco Latinoamericano de Comercio Exterior S.A.
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Research type: News
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Banco Latinoamericano de Comercio Exterior S.A.