David Lefkowich's questions to Foreign Trade Bank of Latin America Inc (BLX) leadership • Q4 2024
Question
David Lefkowich asked about the management of loan concentration, whether the increase in credit commitment fees signals a change in portfolio makeup, and for details on the country concentration of the held-to-maturity investment portfolio.
Answer
Executive Jorge Salas explained that concentration is natural for a wholesale bank but is managed via diversification and strong collateral. Chief Commercial Officer Samuel Canineu clarified that commitment fees stem from project finance and short-term tender commitments, not a strategic shift. Head of Treasury Eduardo Vivone detailed that the investment portfolio is mostly short-duration, investment-grade U.S. securities for diversification and liquidity.