PANAMA CITY, July 19, 2019 /PRNewswire/ -- Banco
Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the
"Bank"), announced today that its Board of Directors (the "Board"),
on a meeting held July 16, 2019,
approved a quarterly cash dividend of US$0.385 per share corresponding to the second
The cash dividend is payable August 14,
2019 to the Bank's stockholders as of July 30, 2019 record date.
As of June 30, 2019, Bladex had
39,602,277.73 shares outstanding of all classes.
Due to the passing of its Director and Chairman, Mr.
Gonzalo Menendez Duque on
June 29, 2019, the Board appointed
Mr. Miguel Heras Castro, as the new
Chairman on July 16, 2019.
Mr. Heras has been serving as Director of the Bank, representing
Class E shareholders, since 2015 and is a member of the Finance and
Business Committee, the Compliance and Anti-Money Laundering
Committee and the Risk Policy and Assessment Committee, of which he
became the Chairman in 2017.
Also, with the aim of furthering Board's independence, in line
with best market and corporate governance practices, Mr.
Natalio Gabriel Tolchinsky has
stepped down as Director of the Bank, representing All Classes of
shareholders, on July 16, 2019 and
will continue to serve the Bank in his capacity as Chief Executive
The Board has appointed Ms. Isela
Costantini as new Director, representing All Classes of
shareholders, replacing Mr. Tolchinsky in this capacity for the
remainder of the term, which expires on April 2021. Ms. Costantini's appointment follows
a thorough selection process conducted by the Compensation
Committee of the Board, which started last year, involving several
Ms. Costantini is currently the Chief Executive Officer of GST
Financial Services. She also serves in the board of directors of
IRSA SA since 2017, San Miguel SA
since 2019, and the Food Bank in Argentina since 2015. In addition, she serves
as a counsel member of CIPPEC since 2017 and as an advisory board
member of Novae since 2019. She has previously served as President
and Chief Executive Officer of Aerolineas Argentinas in 2016 and
held multiple positions at General Motors, where she began working
in 1998 and became President of the company for Argentina, Paraguay and Uruguay from 2012 to 2015. Ms. Costantini
holds a Social Communications Degree, with a Major in Advertising
from Pontificia Universidade Catolica do Parana (PUC-PR), Brazil and an MBA, with specialization in
Marketing and International Business from Loyola University in Chicago. Her professional
expertise in restructuring, marketing and communications, and
experience as board member and leadership roles in different
entities, qualify her to serve on the Board.
Bladex, a multinational bank originally established by the
central banks of Latin-American and Caribbean countries, began operations in 1979
to promote foreign trade and economic integration in the
Region. The Bank, headquartered in Panama, also has offices in Argentina, Brazil, Colombia, Mexico, Peru,
and the United States of America,
supporting the regional expansion and servicing its customer base,
which includes financial institutions and corporations.
Bladex is listed on the NYSE in the
United States of America (NYSE: BLX), since 1992, and its
shareholders include: central banks and state-owned banks and
entities representing 23 Latin American countries; commercial banks
and financial institutions; and institutional and retail investors
through its public listing.
For further information on Bladex, please access its website at
www.bladex.com or contact:
Monica Cosulich - VP, Finance and
E-mail address: email@example.com. Tel.: (+507) 210-8563
Head Office Address: Torre V, Business Park, Ave. La Rotonda, Urb.
Costa del Este,
Panama, Republic of Panama
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SOURCE Banco Latinoamericano de Comercio Exterior, S.A.