Bladex Announces Quarterly Dividend Payment of US$0.15 Per Share; US$16.7 Million in Net Income for First Quarter 2009
April 20 2009 - 9:00AM
PR Newswire (US)
PANAMA CITY, April 20 /PRNewswire-FirstCall/ -- Banco
Latinoamericano de Exportaciones, S.A. (Bladex) (NYSE:BLX),
announced today a quarterly cash dividend of US$0.15 per share,
corresponding to the first quarter of 2009, during which the Bank
generated US$16.7 million in Net Income. (Bladex's full First
Quarter 2009 earnings release will be distributed on Wednesday,
April 22, 2009, prior to the market open). Mr. Jaime Rivera,
Bladex's Chief Executive Officer, stated the following: "Bladex is
successfully operating in the midst of an international financial
crisis with unclear long-term implications. In response, the Bank
has progressively increased liquidity, decreased concentrations,
reduced leverage, decreased expenses, and strengthened reserve
coverage. In view of market volatility and accompanying uncertainty
that show few signs of abating, however, the Board of Directors
considers the new dividend amount to be consistent with the Bank's
proven, prudent approach to capital management, and with the
long-term interests of shareholders." The cash dividend is payable
on May 7, 2009, to the Bank's stockholders as of the April 27, 2009
record date. As of March 31, 2009, Bladex had 36,422,089.79 common
shares outstanding. Bladex will host its First Quarter 2009
Earnings Conference Call on Thursday, April 23, 2009 at 10:00 a.m.,
Eastern Time. Presenting for Bladex will be Mr. Jaime Rivera, Chief
Executive Officer, and Mr. Jaime Celorio, Chief Financial Officer.
To participate, please dial: (800) 311-9401 (U.S. Participants)
(334) 323-7224 (From outside the U.S.) Conference ID: 8034 There
will also be a live Webcast of the event at http://www.bladex.com/.
For questions, please contact: Bladex, Head Office, Calle 50 y
Aquilino de la Guardia, Panama, Republic of Panama Attention: Mr.
Jaime Celorio, Senior Vice President & Chief Financial Officer
Tel.: (507) 210-8630, E-mail: -or- i-advize Corporate
Communications, Inc., 82 Wall Street, Suite 805, New York, NY 10005
Attention: Ms. Melanie Carpenter or Mr. Peter Majeski Tel.: (212)
406-3690, E-mail: Bladex is a supranational bank originally
established by the Central Banks of Latin America and Caribbean
countries to promote trade finance in the Region. Based in Panama,
its shareholders include central and state-owned entities in 23
countries of the Region, as well as Latin American and
international commercial banks, and institutional and retail
investors. For further information, please access our website at
http://www.bladex.com/ DATASOURCE: Banco Latinoamericano de
Exportaciones, S.A. CONTACT: Jaime Celorio, Senior Vice President
& Chief Financial Officer, Banco Latinoamericano de
Exportaciones, +011-507-210-8630, ; or Melanie Carpenter or Peter
Majeski, both of i-advize Corporate Communications,
+1-212-406-3690, , for Bladex Web site: http://www.bladex.com/
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