Banco Latinoamericano de Comercio Exterior, S. A. (BLX) Q1 2026 Earnings Call Transcript

Operator

Good morning, ladies and gentlemen, and welcome to Bladex’s First Quarter 2026 Earnings Conference Call. A slide presentation is accompanying today’s webcast and is also available on the Investors section of the company’s website, www.bladex.com. [Operator Instructions]. Please note today’s conference call is being recorded. [Operator Instructions].

I would now like to turn the call over to Mr. Jorge Salas, Chief Executive Officer. Sir, please go ahead.

Jorge Salas
Chief Executive Officer

Good morning, everyone, and thank you for joining us today to discuss Bladex’ results for the first quarter of 2026. I will begin with A brief overview of our quarter, then Annette, our CFO, will walk you through the financials in greater detail.

After that, I will come back with an update on strategy execution, some thoughts on the macro environment, and our outlook for the rest of the year. Finally, we will open for the line for questions. We began with a very strong quarter in terms of balance sheet growth, while maintaining solid profitability in a highly competitive environment with very tight spreads and wide open capital markets for LatAm issuers. The highlight of the quarter was the continued expansion of our commercial portfolio.

We reached a record of $12 billion up 8% quarter-over-quarter and 13% year-over-year. This was fully in line with the growth path we