Foreign Trade Bank of Latin America Inc (BLX)BLX

Foreign Trade Bank of Latin America Inc. (FTBUSA) Overview

As of November 2023, information about the Foreign Trade Bank of Latin America Inc. is limited due to its closing in 2022. The following information is based on publicly available historical data.

Company Profile

Detailed history and background:

• FTBUSA was a wholly-owned subsidiary of the International Finance Corporation (IFC) and the Trade and Development Bank Holding, SA (TDB).
• Established in 1976, FTBUSA aimed to facilitate international trade between the United States and Latin America.
• In 2016, FTBUSA entered into a Purchase and Assumption Agreement with Banco Latinoamericano de Comercio Exterior, S.A. (BLADEX) and FTBUSA Holdings Corporation, whereby BLADEX assumed all of FTBUSA's deposits and certain other liabilities.
• FTBUSA ceased operations in 2022.

Core business areas:

• FTBUSA focused on providing trade finance services, including:
  • Letters of credit
  • Guarantees
  • Trade loans
  • Trade-related foreign exchange services

Leadership and corporate structure:

• Leadership information is not publicly available due to the bank's closure.
• FTBUSA operated as a subsidiary of the IFC and TDB, with a board of directors appointed by both organizations.

Top Products and Market Share

• Top product: Trade finance services.
• Market share: No specific data on FTBUSA's market share is available.
• Product performance and reception: Limited information exists due to the bank's closure.

Total Addressable Market

• The total addressable market for trade finance services is significant, encompassing global trade flows.
• However, the specific size of the market relevant to FTBUSA is difficult to estimate due to its closure.

Financial Performance

• No recent financial statements are available due to the bank's closure.

Dividends and Shareholder Returns

• No dividend history or shareholder return data is available.

Growth Trajectory

• No growth trajectory analysis is available due to the bank's closure.

Market Dynamics

• The trade finance market is experiencing increasing competition from new entrants and technological advancements.
• Adaptability to these changes was crucial for FTBUSA's success, but information on its specific strategies is not available.

Competitors

• Key competitors in the trade finance market include:
  • Deutsche Bank (DB)
  • HSBC (HSBC)
  • Citigroup (C)
  • JPMorgan Chase (JPM)
  • Bank of America (BAC)

Recent Acquisitions

• No information on recent acquisitions is available due to the bank's closure.

AI-Based Fundamental Rating

• Due to the lack of recent data and the bank's closure, an AI-based fundamental rating is not possible.

Sources and Disclaimers

• This overview is based on publicly available information, including historical news articles, SEC filings, and regulatory documents.
• Due to the limited availability of recent data and the bank's closure, this information should be considered for informational purposes only and does not constitute investment advice.
• Please consult with a qualified financial professional for investment decisions.