Banco Latinoamericano de Comercio Exterior SA Bladex (NYSE:BLX) Q3 2019 Earnings Conference Call - Final Transcript

Oct 18, 2019 • 11:00 am ET

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Banco Latinoamericano de Comercio Exterior SA Bladex (NYSE:BLX) Q3 2019 Earnings Conference Call - Final Transcript

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Presentation
Executive
Ana Graciela de Mendez

are now accounted for as depreciation and interest expense. Other expenses were also reduced on the absence of extraordinary charges recorded in 2018, as well as other cost savings across the organization.

On page 12, we present our capital returns, with a positive trend in ROE, reaching 8% for the quarter and 8.5% year-to-date on a sustained level of capitalization above 21% at quarter-end. Total shareholder return was supported, as Gaby mentioned, by the quarterly dividend payment announced today, with the Board kept at $0.385 per share, representing a 75% payout ratio over quarterly earnings.

I will now turn the call back to Gabriel to open the Q&A session. Thank you.

Executive
N. Gabriel Tolchinsky

Thank you, Ana Graciela. Chantelle, why don't we open up the Q&A session? Thank you.