PANAMA CITY (AP) — PANAMA CITY (AP) — Banco Latinoamericano de Comercio Exterior SA (BLX) on Monday reported first-quarter net income of $51.7 million.
The bank, based in Panama City, said it had earnings of $1.40 per share.
The bank created in South and Central America to provide trade financing posted revenue of $202.1 million in the period. Its revenue net of interest expense was $77.9 million, beating Street forecasts.
Banco Latinoamericano shares have increased 11% since the beginning of the year. In the final minutes of trading on Monday, shares hit $39.40, a rise of 30% in the last 12 months.
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