Miruna Chirea's questions to Foreign Trade Bank of Latin America Inc (BLX) leadership • Q3 2024
Question
Miruna Chirea of Jefferies asked for the outlook on loan growth over the next two years and the company's long-term strategy for growth and capital management.
Answer
CEO Jorge Salas noted that 2024 loan growth has been stronger than expected, particularly in Brazil, Guatemala, and the Dominican Republic, but stated that future country diversification is hard to predict given the portfolio's short-term nature. Chief Commercial Officer Samuel Canineu added that the strategy favors quality over quantity, maintaining pricing discipline, and that the bank will grow as long as it's profitable and can use its capital efficiently.