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AUGUST 2025
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Highlights 2Q25 2 Higher Earnings and RoE Expansion Record Commercial Portfolio and Record Total Deposits Steady Margins and Robust Asset Quality Record Fee Income and Efficiency Improvement Commercial Book $10.8 Bn ↑ 1% QoQ | ↑ 18% YoY Deposits $6.4 Bn ↑ 10% QoQ | ↑ 23% YoY NIM 2.36% 0 Bps QoQ | ↓ 7 Bps YoY NPLs 0.15% ↑ 1 Bps QoQ | ↑ 6 Bps YoY Net Fees $19.9 M ↑ 88% QoQ | ↑ 59% YoY Efficiency Ratio 23.1% ↓ 380 Bps QoQ | ↓ 116 Bps YoY Net Income $64.2 M ↑ 24% QoQ | ↑ 28% YoY ROE 18.5% ↑ 303 Bps QoQ | ↑ 222 Bps YoY
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Well diversified Commercial and Investment Portfolios 3 Մ1Յ 93% is at amortized cost or held to maturity and the remaining 7% is registered at fair value through OCI. Մ2Յ Other Non Latam: Japan, UK, Saudi Arabia, Canada, Germany and others. Մ3Յ Other N՞IGր Costa Rica, Honduras, Paraguay, Argentina, Suriname and other Latam ֛1%. 7,420 Մ72%Յ 1,782 Մ17%Յ 1,134 Մ11%Յ 2Q24 2Q25 Loans Contingencies Investment Portfolio 2,222 (18%) 8,597 (71%) 1Q25 1,264 Մ10%Յ 1,994 Մ17%Յ 8,692 Մ73%Յ 10,336 11,950 12,182 1,363 Մ11%Յ ֡18% Credit Portfolio ՄCommercial Portfolio ֡Investments) Commercial Portfolio by Country ՄLoans ֡Contingencies) Investment Portfolio by Country ՄInvestments1) 7% 5% 5% 2% 10,819 2Q25 Colombia Panama Chile Peru Brazil Costa Rica 5% 5% 2% 1% 1% 1% 53% 26% 6% Ex-Latam Countries Latam Countries 1,363 2Q25 ՄUSD millions, except for %Յ 85% 15% 38% 62% Investment Grade Non-Investment Grade Investment Grade: 86% 11% 7% Mexico Peru Non Latam Chile Panama T. & Tobago Uruguay Brazil Other N՞IG3 Guatemala Colombia Dominican Republic Ecuador 12% 9% 9% 5% 14% 13% 1% United States Other Non-Latam Multilaterals Average term to maturity: 2.2y
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Strong Asset Quality, Low Credit Risk and Solid Reserve Coverage Մ1Յ Includes allowance for expected credit losses on loans at amortized cost, on loan commitments and financial guarantees contracts, on securities at amortized cost and at fair value through other comprehensive income and on cash and due from banks 4 Total Allowance for Credit Losses to Impaired Credits ՄUSD millions, except for %Յ 2Q24 Allowance for losses1 Balance at beginning of the period 69.5 3Q24 4Q24 1Q25 2Q25 76.1 80.8 84.9 90.0 Provisions (reversals) 6.7 3.6 4.0 5.2 5.0 Recoveries (write-offs) 0.0 1.1 0.0 Մ0.0Յ 0.0 End of period balance 76.1 80.8 84.9 90.0 95.1 Impaired Credits to Total Credit Portfolio 0.1% 0.2% 0.2% 0.1% 0.2% Exposure by Stages 2.0% 97.9% Stage 1 $11,923M Stage 2 $240M 0.2% Stage 3 $19M $12.2B ՄUSD millions, except for %Յ
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Strong Deposit Growth and Diversified Deposit Base 5 5,259 (58%) 303 Մ3%Յ 837 (9%) 2,703 (30%) 2Q24 5,859 (57%) 458 Մ4%Յ 1,235 (12%) 2,770 (27%) 1Q25 6,446 (62%) 197 Մ2%Յ 1,240 (12%) 2,540 (24%) 2Q25 9,102 10,322 10,423 Deposits Securities sold under repurchase agreement Short-term Borrowings and Debt, net Long-term Borrowings and Debt, net Funding Sources 25% 21% 37% 12% 5% Corporations 1,624 Financial Institutions 1,369 Central Banks or designees Class A shareholders 2,360 Brokers 779 Multilateral 314 Deposits Composition 6,446 2Q25 ՄUSD millions, except for %Յ
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Robust Capitalization Supports Business & Balance Sheet Expansion Մ1Յ As defined by the SBP, in which risk-weighted assets are calculated under the Basel Standardized Approach for Credit Risk. The minimum Regulatory Total Capital Adequacy Ratio should be of no less than 8.5% of total risk-weighted assets. Մ2Յ Tier 1 Capital ratio is calculated according to Basel III capital adequacy guidelines, and as a percentage of risk-weighted assets. Risk-weighted assets are estimated based on Basel III capital adequacy guidelines, utilizing internal-ratings based approach or “IRB” for credit risk and standardized approach for operational risk. 6 Capital 1,264 1,371 1,415 14.0% 16.2% 2Q24 13.5% 15.1% 1Q25 13.9% 15.0% 2Q25 Capital Adequacy Index1 Common Equity Tier 1 Capital Ratio ՄBasel IIIՅ2 Equity CET1 2Q25 ՄUSD millions, except for %Յ Dividends 0.50 37% 2Q24 45% 1Q25 36% 2Q25 0.625 0.625 Dividend Amount per Share Pay-out Ratio
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Margins Stabilize at Target Levels 7 62.8 65.3 67 .7 2.43% 2Q24 2.36% 1Q25 2.36% 2Q25 7 .45% 5.71% 2Q24 6.75% 5.10% 1Q25 6.69% 4.99% 2Q25 Rate of Interest Earning Assets Rate of Interest Bearing Liabilities Net Interest Spread ՄNISՅ NIS 1.70% Net Interest Margin ՄNIMՅ Net Interest Margin ("NIM") Net Interest Income ՄUSD millions, except for %Յ NIS 1.65% NIS 1.74% 10,376 11,219 11,505 Average Interest-Earning Assets
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Record Fee Quarter 8 6.5 6.7 7.8 2Q24 1Q25 2Q25 Letters of credit and guarantees ՄUSD millions, except for %Յ 3.7 2.4 10.0 2Q24 1Q25 2Q25 Structuring Services 2.3 1.5 2.1 2Q24 1Q25 2Q25 Credit Commitments and Other commissions, net1 Մ1Յ Credit Commitments and Other Commissions, net include fees from credit commitments, other fees and commissions income and fees and commission expense 2.3 1.5 2.1 3.7 2.4 10.0 6.5 6.7 7.8 2Q24 1Q25 2Q25 12.5 10.6 19.9 59% Total Fees Letters of credit and guarantees Structuring Services Credit Commitments and Other commissions, net1
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Operational Efficiency Aligned with Annual Guidance 9 Opex & Efficiency Ratio 18.2 21.0 20.8 24.3% 2Q24 26.9% 1Q25 23.1% 2Q25 Efficiency Ratio Total Operating Expenses ՄUSD millions, except for %Յ
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Strategy Execution Driving Profitability Improvement 10 Net Income & ROE 11.1 37.0 51.3 51.7 23.0 37.1 50.1 64.2 6M 2022 6M 2023 6M 2024 6M 2025 34.1 74.0 101.4 115.9 ROE 2Q25 18.5% ՄUSD millions, except for %Յ 2Q 1Q 6M 2025 ROA 6M 0.8% 1.6% 1.9% 2.0% ROE 6M 6.8% 13.6% 16.5% 17.0%
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Closing Remarks 11 Bladex delivered the highest quarterly ROE in over two decades Մ18.5%Յ and net income of $64.2 million, supported by strong core activity, robust efficiency Մ23.1%Յ, and pristine asset quality. Despite global uncertainty, Latin America remains broadly resilient. Strong consumption, selective acceleration in key economies, and competitive trade positioning support constructive fundamentals. Bladex successfully deployed its new trade finance platform in partnership with , a major milestone in the Bank’s digital transformation, executed on time and on budget. A healthy pipeline across trade finance, structured lending, and infrastructure combined with strong capital and stable funding supports a positive view for the remainder of the year. Bladex reaffirms its full-year guidance. Record financial performance Resilient regional outlook Strategic execution on track Positive outlook and reaffirmed guidance
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Guidance 12 CET1 Commercial Portfolio Growth A verage Deposit Growth NIM Efficiency Ratio ROE 10% ՞ 12% Guidance 2025 15% ՞ 17% ֧2.30% ֧27% 15% ՞ 16% 15% ՞ 16%
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AUGUST 2025
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14 IR@bladex.com www.bladex.com/en/investors Carlos Raad Chief Investor Relations Officer craad@bladex.com Panama Diego Cano VP Investor Relations dcano@bladex.com Panama