Banco Latinoamericano de Comercio Exterior, S.A. better known as Bladex, will pay out a second quarter dividend of $0.385 USD per share on August 15. The payment will be made in cash, in accordance with the board of directors approval last week.
The New York Stock Exchange-listed bank, which was formed in 1993 by various central banks and state-owned banks across Latin America and the Caribbean, recorded a profit of $16.6 million USD in the quarter, it reported on July 20.
This was up 15% compared to the first quarter, when Bladex recorded profits of $14.5 million. It represents a drop from the $17.5 million USD in profits during the second quarter of 2017, however.
Bladex’s net interest income of $27.9 million USD this quarter also dipped from the same period of 2017, when it brought in $29.3 million USD. But it was up from the $26.6 million of net interest income from the first quarter of 2018.