Bladex (Banco Latinoamericano de Comercio Exterior S.A.) (BLX) is a trade finance bank headquartered in Panama. Being a trade bank means they only operate with short term loans, predominantly financing international transactions (i.e. letters of credit). They have some other commercial lending and asset management businesses, and the latter has been the source of much of their problems in their inability to generate meaningful income the past few quarters. The other problem has been the fact that they have been unable to grow their loan book. As of Q1, they have over $300M cash deposits and about $1.8 billion in debt. Book value stands around $700M. Market Cap is about $450M. Normalized earnings for the year should total about $50M. Therefore the PE.....
PANAMACITY, July 26 /PRNewswire/ -- Aconex, the world's largest provider of project collaboration solutions to the construction and engineering industries, has been selected to service the US$3.2 billion Panama Canal Third Set of Locks Project. The web-based Aconex system will provide all the organ
A couple from the United States suspected of killing at least two people in Panama was arrested on Monday morning by Nicaraguan officials on the Ro San Juan in Nicaragua, after crossing from Costa Rica.
GEORGE Hutson, Barbados’ Minister of International Business and Transport, says an airline link-up between Barbados and Panama will result in benefits for both countries.
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