PANAMA CITY (AP) — PANAMA CITY (AP) — Banco Latinoamericano de Comercio Exterior SA (BLX) on Tuesday reported second-quarter profit of $50.1 million.
The bank, based in Panama City, said it had earnings of $1.36 per share.
The bank created in South and Central America to provide trade financing posted revenue of $207.7 million in the period. Its revenue net of interest expense was $75 million, which beat Street forecasts.
Banco Latinoamericano shares have risen 38% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $34.06, a rise of 50% in the last 12 months.
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