I. Company Overview

Founded in 1977, Bladex (Banco Latinoamericano de Comercio Exterior, S.A.) is headquartered in 1977 by central banks and government agencies in 23 countries in Latin America and the Caribbean Panama City. The bank, which aims to promote regional economic integration through trade finance, was officially launched in 1979. Bladex became the first Latin American bank to be listed on the New York Stock Exchange (NYSE) in 1992 under the ticker symbol BLX.

2. History and Milestones

• 1977–1979: Initiated by the Pan American Conference of Bankers, 1979 Commencement of operations.

• 1992: Becomes the first Latin American bank to land on the NYSE, opening access to international financing.

• 2000s: Expansion of representative offices and subsidiaries to cover core markets such as Brazil, the United States, and Mexico.

• 2009: Official opening of the current name Banco Latinoamericano de Comercio Exterior.

• 2024–2025: Introduce the CGI Trade360 platform to initiate digital transformation and release the 2024 Annual Form 20-F Report for greater compliance transparency.

3. Business Positioning and Core Services

1. Foreign Trade Financing
Provide trade credit, structured financing, letter of credit acceptance, guarantee and trade settlement support, covering major economies in Latin America.

2. Corporate Loan & Securities Services
Support bilateral loans, syndicated financing, project loans and securities underwriting services between financial institutions and large enterprises.

3. Treasury Management & Risk Hedging
Provide integrated treasury solutions such as interest rate risk management, foreign exchange derivatives, and cash flow forecasting.

4. Advisory&Asset Management Services
Expand the investment and financing ecosystem by providing targeted asset management services and fund issuance (such as Alpha4X) through subsidiaries.

4. Organizational structure and geographic coverage

• Headquarters: Located in the Torre V building (Costa del Este district).

• Regional layout: There are offices or representative offices in Argentina, Brazil, Colombia, Mexico, Peru, and the United States (New York, Miami).

• Holding entities: Includes Bladex Representacao and Bladex Investimentos in Brazil.

• Staff structure: A team of about 200 people from 16 countries, with an emphasis on gender balance and international cultural diversity.

V. Digital Strategy and Technology Partners

1. CGI Trade360 Platform
In 2024, Bladex partnered with CGI to deploy Trade360, a global trade finance SaaS platform, to digitalize letters of credit, receivables financing, and cash management.

2. Strategic Objectives
Improve operational transparency, responsiveness and cross-border financing efficiency, and build a scalable digital trade banking model.

6. Financial Position and Credit Rating

1. Annual Financial Reports The
April 2025 Form 20-F report covers fiscal year 2024 and meets SEC regulatory standards to demonstrate its ability to govern transparently.

2. Financial Metrics
As of Q1 2025, net profit reached $51.7 million; commercial loan portfolio of over $10.6 billion; Total deposits were approximately $5.9 billion, up approximately 24% year-over-year.

3. Credit rating

• Fitch: long-term IDR rating of BBB with stable outlook;

• S&P: Risk-adjusted capital ratio (RAC) remained at 11–12% and the capital structure was sound.

7. ESG and social impact

1. Commitment to Sustainability
We value diversity, employee well-being and green finance, and set quantitative targets in our annual ESG report.

2. Regional Demonstration Project
Collaborate with the Panama Canal and environmental organizations to promote the recycling of plastics and support regional ecological improvement and sustainable development goals.

8. Risk Control and Regulatory Compliance

1. Compliance System
As a NYSE-listed company, Bladex is regulated by the SEC and complies with regulatory requirements in Panama and other major locations of business.

2. Credit Quality Management

• the non-performing loan ratio (NPL) remained at about 0.5%;

The

• provision coverage ratio was approximately 170%, reflecting good asset quality.

3. The capital adequacy ratio has
been maintained above 10% for a long time to meet regulatory and market stability requirements.

9. Market Positioning and Core Advantages

Trade

• finance experts: deeply cultivate the Latin American foreign trade finance market, Long-term accumulation of credibility and policy resources.

• Regional Depth & Breadth: Covering key markets and having a broad policy and customer base.

• Digital Transformation Benefits: The Trade360 platform improves the efficiency and transparency of financial services.

• Stable financial structure: sufficient capital, low non-performing rate, and ability to resist risks.

• Strong sense of social responsibility: Actively participate in ESG projects and regional development initiatives.

10. Challenges and future opportunities

1. Current Challenges

Higher regional concentration risk and greater credit exposure to individual countries (e.g., Brazil, Mexico);

• Trade360 is complex to deploy locally, and needs to overcome the barriers of system integration and operational transformation.

• Market growth is limited by regionality, and expansion into broader emerging markets such as Asia or Africa is required.

2. Development Recommendations

• fully deploy Trade360 and optimize customer processes;

• Attract cooperation from regional financial institutions with its successful cases;

• developing green finance and sustainable service products;

• Deepen brand building and expand into new markets.

11

Bladex has been a benchmark for regional banks since 1979 with a commitment to trade finance in Latin America. With its combined strengths in trade credit, regional connectivity, capital market access, and digital transformation, Bladex is well on its way to becoming a multilateral financial platform for the digital age. The future development potential is considerable, and it deserves the continuous attention of the financial, policy and investment communities.