Banco Latinoamericano de Comercio Exterior SA Bladex (NYSE:BLX) Q3 2019 Earnings Conference Call - Final Transcript
Oct 18, 2019 • 11:00 am ET
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.
N. Gabriel Tolchinsky
Thank you, Ana Graciela. Chantelle, why don't we open up the Q&A session? Thank you.