BULLETIN: Banco Latinoamericano de Exportaciones S.A. Announces Capital Management Program Aug 04
Standard & Poors, August 2004
Abstract
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.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Banco Latinoamericano de Comercio Exterior S.A.
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