Bladex Reports Record Results in 2Q26
Bladex (NYSE: BLX) announced its financial results for the second quarter of 2026 (2Q26) and the first half of 2026 (6M26), reflecting strong performance driven by the growth of its Commercial Portfolio, record fee generation, a deposit base at historically high levels and continued funding optimization.
During the second quarter, the Bank reported Net Profits of $66.5 million, or $1.77 per-share, representing a 4% increase year over year. For the first half of the year, Net Profits totaled $122.8 million, or $3.08 per-share, reflecting 6% year-over-year growth.
Adjusted Annualized Return on Equity reached 16.4% in 2Q26 and 15.3% in 6M26. Including the effect of the AT1 issuance completed in September 2025, annualized Return on Equity (ROE) stood at 15.4% and 14.5%, respectively.
Bladex CEO Jorge Salas said: “These results reflect the consistent execution of the Bank’s strategy, focused on strengthening its core business, diversifying revenue sources and maintaining prudent risk management. They also demonstrate Bladex’s ability to continue growing profitably, strengthening its regional franchise and expanding its capacity to generate sustainable value for its clients, shareholders and Latin America’s foreign trade, supported by a strong capital and liquidity position.”
Net Interest Income (NII) totaled $73.3 million in 2Q26 and $143.5 million in 6M26, both representing 8% year-over-year growth, while Net Interest Margin (NIM) stood at 2.24% and 2.29%, respectively.
Fees and non-interest income reached a record $25.6 million in 2Q26 (+15% YoY) and $38.5 million in 6M26 (+10% YoY), driven by increased business activity and higher transaction volumes. Revenues generated through the intermediation of financial instruments contributed $1.3 million during the quarter.
The Bank maintained a well-managed Efficiency Ratio of 24.1% in 2Q26 and 25.2% in 6M26, as revenue growth outpaced higher operating expenses associated with business expansion, investments in technology and modernization, and personnel-related expenses.
The Credit Portfolio reached a new all-time high of $14,466 million as of June 30, 2026 (+19% YoY). The Commercial Portfolio closed at $13,029 million (+20% YoY), and the Treasury Investment Portfolio totaled $1,437 million (+5% YoY), further strengthening the Bank’s geographic and credit-risk diversification.
Asset quality remained sound, with 98.4% of the Credit Portfolio classified as Stage 1 at the end of the quarter. Stage 2 exposures decreased to 1.1%, while Stage 3 credits represented 0.5% of the total Credit Portfolio, with 1.2x reserve coverage.
The Bank’s deposit base reached a record $7,890 million, representing 64% of total funding sources. In addition, Bladex maintained a solid liquidity position of $1,922 million, equivalent to 13.3% of total assets, as well as capital levels well above regulatory requirements, with a Tier 1 Basel III Capital Ratio of 16.6% and a Regulatory Capital Adequacy Ratio of 14.3%.
About Bladex
Originally established by the central banks of the region, Bladex began operations in 1979 and today provides financial solutions to financial institutions and corporations throughout Latin America and the Caribbean. Headquartered in Panama, Bladex has offices in Argentina, Brazil, Colombia and Mexico, a New York Agency and a Representative Office in Peru.
Bladex has been listed on the New York Stock Exchange (NYSE: BLX) since 1992. Its shareholders include central banks, state-owned banks and representative entities from 23 countries throughout Latin America and the Caribbean, as well as commercial banks and institutional and private investors. For more information, visit www.bladex.com.