Banco Latinoamericano de Comercio Exterior SA

What Do They Do?

Provides trade-finance loans, credit facilities and letters of credit to corporations, financial institutions and investors doing business in Latin America.

How Do They Make Money?

Who Are Their Customers?

Operates through its Panama City head office and regional offices, with a worldwide network of correspondent banks; it does not offer retail banking to the general public.

Do Revenues Turn Into Profits?

Yes. It kept 50 cents of every revenue dollar as net income in FY2014 and turned 80 cents into free cash flow.

How Are They Changing?

Growing. Revenue grew 78% in 4 years, from $119.5M in FY2010 to $212.7M in FY2014, about 16% a year.