Banco Latinoamericano de Comercio Exterior, S.A. Buyback
OLI recorded this information on 2/22/2024
Company:
Banco Latinoamericano de Comercio Exterior, S.A.
Buyback:
BLX buyback
$Amount Authorized:
$50,000,000
Buyback Details:
Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"), today announced that its Board of Directors (the "Board") has authorized a repurchase program of up to $50 million of the Bank's common stock over time. This reflects the Bank's commitment to returning excess capital to shareholders that is not needed to sustain the Bank's strength and stability, deliver value to customers, and support future growth. Bladex remains committed to continuing to distribute capital to shareholders.
Banco Latinoamericano de Comercio Exterior is a multinational bank that supports the financing of foreign trade and economic integration in Latin America and the Caribbean. Co.'s segments include: Commercial Business, which encompasses Co.'s business of financial intermediation and fee generating activities developed to cater to corporations, financial institutions and investors in Latin America; and Treasury Business, which focuses on managing Co.'s investment portfolio, and the overall structure of its assets and liabilities to achieve funding and liquidity positions for it, mitigating the financial risks associated with the balance sheet, such as interest rate, price and currency risks.
BLX SEC Filing Email Alerts Service
Open the BLX Page at The Online Investor »
|
||||||||||||||||||||||||
Open the BLX Page at The Online Investor (in a new window) »
 Free BLX Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
Avg. Broker Rec.
 
|
Strong Buy (3.50 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
