Panama's Bladex Q3 net profit rises on higher business volumes
BLX•Bladex's third-quarter net profit rose 15% year over year to $63.2 million, while revenue increased 20% to $99.1 million. Earnings per share were flat at $1.48.
1. Profit and revenue rise
Bladex reported third-quarter net profit of $63.2 million, up 15% year over year, and revenue of $99.1 million, up 20%. Earnings per share were $1.48, unchanged from a year earlier.
2. Business volumes drive income
Record net interest income of $79.8 million was mostly driven by higher average business volumes. The company said sustained client activity and broader product capabilities supported fee and non-interest income, while funding-cost and liquidity optimization partially offset pressure on lending spreads.
