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    Santiago Martinez Mejia

    Research Coordinator and Analyst at Credicorp Capital

    Santiago Martinez Mejia is a Research Coordinator and Analyst at Credicorp Capital, specializing in the cement and construction sectors as well as Andean banks across Latin America. He regularly covers major regional companies such as Concha y Toro and BCI, providing equity research and investment recommendations supported by detailed valuations and forward-looking return forecasts; recent recommendations have been linked with a 40% year-to-date performance for BCI and a 15.6% expected earnings growth in 2025. Active in the research space since at least 2023 and recognized for coordinating sector coverage and driving analytics for high-profile issuers, Santiago leverages significant regional expertise and has demonstrated operational insight in both equity and fixed income markets throughout his tenure at Credicorp Capital. His professional credentials are primarily grounded in on-the-ground financial analysis and research coordination within regional markets, though no public records confirm securities licenses or FINRA registrations.

    Santiago Martinez Mejia's questions to FOREIGN TRADE BANK OF LATIN AMERICA (BLX) leadership

    Santiago Martinez Mejia's questions to FOREIGN TRADE BANK OF LATIN AMERICA (BLX) leadership • Q2 2025

    Question

    Santiago Martinez Mejia of Credicorp Capital inquired about the potential for increased fees from the new letter of credit platform, the impact of global trade uncertainty on loan demand, and the sustainability of the record fee income levels.

    Answer

    CEO Jorge L. Salas Taurel stated the new platform offers significant upside by enabling more efficient processing of smaller, higher-margin transactions, with an expected payoff within 18 months. EVP - Commercial Banking, Samuel Canineu, added that new tariffs have not yet significantly impacted volumes, as clients can reroute commodity exports. Mr. Salas Taurel concluded that while the large syndication fee was a one-off, the pipeline remains strong and letter of credit fees are expected to see sustained growth.

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    Santiago Martinez Mejia's questions to FOREIGN TRADE BANK OF LATIN AMERICA (BLX) leadership • Q2 2025

    Question

    Santiago Martinez Mejia from Credicorp Capital asked about the expected increase in fees and profitability from the new letters of credit platform. He also inquired about how global trade uncertainty is affecting loan demand across different regions and sectors, and followed up on the sustainability of the current high level of fee income.

    Answer

    CEO Jorge L. Salas Taurel stated the new platform will drive a significant increase in transactional volume and better margins over the medium term by enabling the processing of smaller transactions efficiently, with an expected payoff within 18 months. EVP - Commercial Banking, Samuel Canineu, noted that so far, global trade uncertainty has not significantly impacted volumes or pricing, as clients can reroute commodity exports. Mr. Salas Taurel addressed the follow-up by confirming a strong syndication pipeline and an expected sustained increase in letter of credit fees as the new platform scales.

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    Santiago Martinez Mejia's questions to FOREIGN TRADE BANK OF LATIN AMERICA (BLX) leadership • Q2 2025

    Question

    Santiago Martinez Mejia of Credicorp inquired about the potential for increased fees from letters of credit following the launch of the new platform and its expected impact on profitability. He also asked about the effect of global trade uncertainty on loan demand and the sustainability of the current record fee income levels.

    Answer

    CEO Jorge L. Salas Taurel explained the new platform will enable processing of smaller, higher-margin transactions, driving volume and profitability over the medium term with an expected payoff within 18 months. EVP - Commercial Banking Samuel Canineu noted that new tariffs have not yet significantly impacted trade volumes. CEO Salas Taurel clarified that while the large syndication fee was a one-off, the pipeline remains strong and letter of credit fees are expected to grow sustainably with the new platform.

    Ask Fintool Equity Research AI

    Santiago Martinez Mejia's questions to FOREIGN TRADE BANK OF LATIN AMERICA (BLX) leadership • Q2 2025

    Question

    Santiago Martinez Mejia of Credicorp asked about the potential increase in fees and profitability from the new letters of credit platform and the impact of global trade uncertainty on loan demand. He also followed up on the sustainability of the record-level fee income.

    Answer

    CEO Jorge L. Salas Taurel stated the new platform will drive a significant increase in transactional volume and better margins over the medium term by efficiently processing smaller transactions, with an expected payoff within 18 months. EVP of Commercial Banking, Samuel Canineu, added that so far, global trade uncertainty has not significantly affected volumes or pricing, as clients can reroute commodity exports. CEO Salas Taurel reiterated that the syndication pipeline remains strong and letter of credit fees should see sustained growth.

    Ask Fintool Equity Research AI

    Santiago Martinez Mejia's questions to FOREIGN TRADE BANK OF LATIN AMERICA (BLX) leadership • Q2 2025

    Question

    Santiago Martinez Mejia of Credicorp asked about the expected increase in fees and profitability from the new letters of credit platform and the impact of global trade uncertainty on loan demand. He also questioned the sustainability of the current record fee income levels.

    Answer

    CEO Jorge L. Salas Taurel stated the new platform will drive growth by efficiently processing smaller, higher-margin transactions, with a payoff expected within 18 months. EVP of Commercial Banking, Samuel Canineu, mentioned that global trade uncertainty has not yet significantly affected volumes or pricing. CEO Salas Taurel reiterated confidence in the sustainability of fee income, citing a strong syndication pipeline and expected growth from the new LC platform.

    Ask Fintool Equity Research AI