2Q24 Bladex Earning Results Presentation.pdf

Bladex Earnings Results 2 Quarter 2024

1. 2Q24
Earnings Results
July2024

2. 2
ROE
16.2%
↓ 54 bps QoQ| ↑279 bps YoY
Net Income
$50.1M
↓ 2% QoQ|↑ 35% YoY
Solid Profits and RoE
CommercialBook
$9.2Bn
↑ 6% QoQ|↑ 13% YoY
Deposits
$5.3Bn
↑ 11% QoQ|↑ 29% YoY
Continued Growth on Commercial
Portfolio and Record Growth on Deposits
NIM
2.43%
↓4 bps QoQ| ↑ 1 bps YoY
Steady Margins with Robust Asset
Quality
Net Fees
$12.5M
↑ 32% QoQ|↑ 93% YoY
Efficiency Ratio
24.3%
↓90 bps QoQ| ↓293 bps YoY
Strong Fee Income and Efficiency
Improvement
Key Results: Strong Performance in 2Q24
NPLs
0.14%
0 bps QoQ| ↓1 bps YoY

3. Strategy
Execution Driving
Profitability
Improvement
3
(USD millions, except for %)
Net Income & RoE
1H 2024
11
37
51
23
37
50
6M 2022 6M 2023 6M 2024
2Q24
ROE
16.2%
34
74
101
1Q
2Q

4. Continued Assets Expansion and Commercial Portfolio Growth
4
Total Assets
+8%
YoY
(USD millions, except for %)
Commercial Portfolio
1
+13%
YoY
(1)The Bank’s “Commercial Portfolio” includes gross loans at amortized cost (or the “Loan Portfolio”), loan commitments and financial guarantee contracts, such as issued and confirmed letters of credit, stand-by letters of credit, guarantees covering commercial risk and other assets consisting of customers’ liabilities under acceptances.
6,804
7,350 7,420
1,309
1,340
1,782
8,114
8,690
9,201
2Q23 1Q24 2Q24
Loans Contingencies*
5% 483 4% 468 4% 413
67%
6,821
69%
7,384
68%
7,444
10%
1,010
10%
1,110
11%
1,146
18%
1,820
16%
1,726
17%
1,904
10,134
10,688
10,907
2Q23 1Q24 2Q24
Other Loans, netInvestment Portfolio, netCash and due from banks
+2%
QoQ
+6%
QoQ

5. Well-Diversified Credit Portfolio
5
Investment Portfolio
Avg. Termto Maturity2.2 years
$1.1Bn
39% Investment Grade 61% Non-Investment Grade
$9.2Bn
Colombia
Other N-IG
1
Dominican Republic
Ecuador
T & Tobago
Panama
Chile
Peru
Non Latam
Mexico
Guatemala
Brazil
5%
10%
11%
10%
12%
13%
11%
6%
8%
4%
8%
2%
CommercialPortfolio byCountry
(1) Other N-IG: Costa Rica, Honduras, Paraguay, Argentina and Other Latam ≤ 1%.
(USD millions, except for %)
51% United States
27% Non Latam
2
& Multilaterals
1% Colombia
22% Latam
5% Chile
4% Mexico
3% Peru
2% Brazil
1% Other
3
(2) Non Latam: Italy, Canada, Norway, Ireland, Australia, Belgium, France, Sweden, Germany, United Kingdom, Korea, Japan. (3) Other:
Costa Rica, Dominican Republic,
6% Panama
Avg. Termto Maturity12 months
Investment Grade 86%

6. Stage 1
94.5%
$9,762M
Stage 2
5.5%
$563M
Stage 3
0.1%
$10M
Strong Asset
Quality, Low Credit
Riskand Robust
Reserve Coverage
6
(1) Includes allowance for expected credit losses on loans at amortized cost, on loan commitments and financial guarantees contracts, and on securities at amortized cost and
at fair value through other comprehensive income
Total Allowance for Credit
Losses to Impaired Credits
752%
Exposure by Stages
(USDmillions,exceptfor%) 2Q23 3Q23 4Q23 1Q24 2Q24
Allowanceforlosses1
Balance at beginning of the period 72.4 50.2 56.2 66.1 69.5
Provisions (reversals) 4.7 6.5 10.0 3.0 6.7
Recoveries (write-offs) -26.9 -0.5 0.0 0.3 0.0
End of period balance $50.2 $56.2 $66.1 $69.5 $76.1
Impaired Credits to Total Credit Portfolio (EOP) 0.4% 0.1% 0.1% 0.1% 0.1%
(USD millions, except for %)
$10.3Bn

7. Record Deposits Continue to Improve their Share in the Funding Mix
7
Funding Sources
(USD millions, except for %)
Deposits Evolution Per Institution
2,298
2,975
3,197
1,776
1,749
2,062
4,074
4,724
5,259
2Q23 1Q24 2Q24
Client Deposits* Class A Shareholders
(*) Financial institutions and corporations
4,074
4,724
5,259
408
364
3031,797
1,147
837
2,251
2,786
2,703
8,530
9,021 9,102
2Q23 1Q24 2Q24
+7%
YoY
+1%
QoQ
+29%
YoY
+11%
QoQ

8. Strong
Capitalization
Supports Business
& Balance Sheet
Expansion
8
Capital
(USD millions, except for %)
(1) As defined by the SBP, in which risk-weighted assets are calculated under the Basel Standardized Approach for Credit Risk. The minimum Regulatory Total Capital Adequacy
Ratio should be of no less than 8.0% of total risk-weighted assets. (2) Tier 1 Capital ratio is calculated according to Basel III capital adequacy guidelines, and as a percentage of
risk-weighted assets. Risk-weighted assets are estimated based on Basel III capital adequacy guidelines, utilizing internal-ratings based approach or “IRB” for credit risk and
standardized approach for operational risk.
21
1,128
1,161
1,204
1,238
1,264
13.6% 13.6% 13.6% 13.7%
14.0%
15.7%
15.4% 15.4%
16.3% 16.2%
2Q23 3Q23 4Q23 1Q24 2Q24
Equity Capital Adequacy Index Tier 1 Capital Ratio (Basel III)

9. 6.99%
7.47% 7.45%
5.20%
5.67% 5.71%
2Q23 1Q24 2Q24 9,027
10,249 10,376
2.42%
2.47%
2.43%
1.00%
1.20%
1.40%
1.60%
1.80%
2.00%
2.20%
2.40%
2.60%
2.80%
2Q23 1Q24 2Q24
Interest Earning Assets (AVG) Net interest margin (NIM) Net Interest Margin Continue to Drive Solid Top-line Performance
9
Rate of Interest-Earning Assets
Rate of Interest-Bearing Liabilities
Net Interest Spread
NIS
1.74%
NIS
1.80%NIS
1.79%
Avg. Interest-Earning Assets, NIM & NII
(USD millions, except for %)
54.5
62.9 62.8
Net Interest Income
3,000

10. Growing Letter of
Credit Business
Drives Fee Income
10
(USD millions, except for %)
Total Fees
Quarterly
Fee Growth YoY
2Q23 vs 2Q24
+93%
Structured loans
Letter of
Credit Fees
(1) Credit Commitments and Other commissions, net include fees from credit
commitments, other commissions and fees and commission expense
5.2
6.3
5.9 6.0
6.5
0.8
2.7 3.5
1.3
3.7
0.5
2.0
0.7
2.1
2.3
6.5
11.1
10.1
9.5
12.5
2Q23 3Q23 4Q23 1Q24 2Q24
Credit Commitments
and Other
commissions, net
1

11. 15.6
19.5
21.4
18.3 18.2
27.2% 27.2%
27.6%
25.2%
24.3%
2Q23 3Q23 4Q23 1Q24 2Q24
Total Expenses Efficiency Ratio
Improved
Operational
Efficiency
11
Opex & Efficiency Ratio
(USD millions, except for %)
Efficiencyfor2Q24
24.3%

12. JULY 2024
Closing
Remarks
12

13. JULY 2024
Q&A
13

14. Disclaimer
14
This presentation contains forward-looking statements of expected future developments within the meaning of the Private
Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements
can be identified by words such as: “anticipate”, “intend”, “plan”, “goal”, “seek”, “believe”, “project”, “estimate”, “expect”,
“strategy”, “future”, “likely”, “may”, “should”, “will” and similar references to future periods. The forward-looking statements in
this presentation include the Bank’s financial position, asset quality and profitability, among others. These forward-looking
statements reflect the expectations of the Bank’s management and are based on currently available data; however, actual
performance and results are subject to future events and uncertainties, which could materially impact the Bank’s expectations.
Among the factors that can cause actual performance and results to differ materially are as follows: the coronavirus (COVID-
19) pandemic and geopolitical events; the anticipated changes in the Bank’s credit portfolio; the continuation of the Bank’s
preferred creditor status; the impact of increasing/decreasing interest rates and of the macroeconomic environment in the
Region on the Bank’s financial condition; the execution of the Bank’s strategies and initiatives, including its revenue
diversification strategy; the adequacy of the Bank’s allowance for expected credit losses; the need for additional allowance for
expected credit losses; the Bank’s ability to achieve future growth, to reduce its liquidity levels and increase its leverage; the
Bank’s ability to maintain its investment-grade credit ratings; the availability and mix of future sources of funding for the Bank’s
lending operations; potential trading losses; the possibility of fraud; and the adequacy of the Bank’s sources of liquidity to
replace deposit withdrawals. Factors or events that could cause our actual results to differ may emerge from time to time, and
it is not possible for us to predict all of them. Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. We undertake no obligation to publicly update any forward-looking
statement, whether as a result of new information, future developments or otherwise, except as may be required by law.