Jeffrey Otto's questions to Foreign Trade Bank of Latin America Inc (BLX) leadership • Q2 2025
Question
Jeffrey Otto asked about Bladex's efforts to expand into factoring and accounts receivable financing, and whether this business is expected to become a meaningful profit center for the bank.
Answer
CEO Jorge L. Salas Taurel confirmed that factoring is an essential part of Bladex's working capital solutions strategy and a natural fit. EVP of Commercial Banking, Samuel Canineu, elaborated that the bank is actively investing resources to grow the business through single invoice discounting and portfolio solutions, seeing ample room for growth across its operating regions. The CEO also noted they are exploring local currency factoring where feasible with appropriate hedging.