Bladex Reports Q2 Net Profit of $66.5 Million in 2026
Bladex Inc., a Panama-based multinational bank serving Latin America and the Caribbean, reported net profits of $66.5 million for the second quarter of 2026 (Q2), or $1.77 per share, representing a 4% year-over-year increase. For the first half of 2026, the company earned $122.8 million in net profit (+6% YoY). The results were driven by higher commercial balances and record fee generation despite margin pressures from abundant liquidity and competitive lending environments. The bank's adjusted annualized Return on Equity (ROE) reached 16.4% for Q2, supported by disciplined growth strategies and revenue diversification. Net Interest Income increased to $73.3 million in the quarter (+8% YoY), while fees and non-interest income hit a record high of $25.6 million (+15% YoY). The credit portfolio reached $14,466 million at June 30, with strong growth across commercial loans and treasury investments. Bladex maintained sound asset quality, with only 0.5% of its total credit portfolio classified as impaired (Stage 3), while deposit balances grew to a record high of $7,890 million (+22% YoY). The bank also reported strong liquidity at $1,922 million and continued access to interbank markets.
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