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Stock Market & Financial Investment News

News Breaks
February 5, 2013
18:08 EDTBLXBanco Latinoamericano reaches agreement to divest asset management unit
Banco Latinoamericano de Comercio Exterior, S.A. that the Bank reached a substantial agreement on the terms of sale for Bladex's Asset Management Unit, and is in the process of completing final documentation. The agreement contemplates the sale of the unit to current executives of Bladex Asset Management, together with a third party investor. The transaction, which is subject to final documentation and regulatory approvals, is expected to be completed by March 31.
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April 22, 2014
08:10 EDTBLXBanco Latinoamericano reports Q1 EPS 61c, one estimate 63c
CEO Rubens Amaral commented, "While credit demand from corporations and banks continued to be healthy, liquidity in the Regionīs markets returned to previous highs, as some of the market volatility seen in recent quarters receded. With that, the quarterly results validate the Bankīs cautious approach as average net margins improved and overall asset quality remained strong. At the same time, fee income diversification continued as our syndication platform achieved a significant increase in scope and scale of transactions. Costs remained well under control, helping improve efficiency."

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