PANAMA CITY (AP) — PANAMA CITY (AP) — Banco Latinoamericano de Comercio Exterior SA (BLX) on Monday reported fourth-quarter net income of $31 million.
The Panama City-based bank said it had earnings of 85 cents per share.
The bank created in South and Central America to provide trade financing posted revenue of $134.7 million in the period. Its revenue net of interest expense was $53.2 million, surpassing Street forecasts.
For the year, the company reported profit of $92 million, or $2.54 per share. Revenue was reported as $166.7 million.
Banco Latinoamericano shares have increased slightly more than 3% since the beginning of the year. The stock has increased slightly more than 9% in the last 12 months.
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