FOREIGN TRADE BANK OF LATIN AMERICA, INC.
For the period ended Dec 31, 2025. Filed Mar 19, 2026.
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Dec 31, 2025 · Filed Mar 19, 2026
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Contents
Proxy Summary
Proxy StatementSummary For the annual meeting to be held on April 21, 2026
This Proxy Statement is being furnished to holders of shares of common stock of
Banco Latinoamericano de Comercio Exterior, S.A. (hereinafter called “Bladex” or
the “Bank”) in connection with the solicitation by the Board of Directors of the Bank
(the “Board”) of proxies to be used at the 2026 Annual Meeting of Shareholders
(the “Annual Meeting”) to be held virtually via www.virtualshareholdermeeting.com/
BLX2026, on Tuesday April 21, 2026 at 11:30 a.m. (Panama time), and at any
postponements or adjournments thereof. Unless the context otherwise requires, all
references to the Annual Meeting in this Proxy Statement will mean the Annual
Meeting and any postponements or adjournments thereof. References to “$” are to
United States dollars.
Voting Matters
The Annual Meeting has been called for the following purposes:
| Proposals · BoardRecommendation · Page | |||
|---|---|---|---|
| 1 | to approve the Bank’s audited consolidated financial statements for the fiscal year ended December 31, 2025 (Proposal 1); | FOR | 8 |
| 2 | to ratify the appointment of KPMG (“KPMG”) as the Bank’s independent registered public accounting firm for the fiscal year ending December 31, 2026 (Proposal 2); | FOR | 9 |
| 3 | to elect three directors (two directors to represent the holders of Class A Shares of the Bank’s common stock (“Class A Director”) and one director to represent the holders of the Class E shares of the Bank´s common stock (“Class E Directors”)), each to serve a three-year term (Proposal 3); | FOReach nominee | 10 |
| 4 | to approve, on an advisory basis, the compensation of the Bank’s executive officers (Proposal 4); | FOR | 12 |
| 5 | to amend Article 1 of the Bank’s Articles of Incorporation to change the name of the Bank from Banco Latinoamericano de Comercio Exterior, S.A. to Bladex, Inc. (Proposal 5). | FOR | 13 |
Meeting Details
Time11:30 a.m. (Panama time)
Locationthe 2026 Annual Meeting of Shareholders will be held virtually via: www.virtualshareholdermeeting.com/BLX2026
Voting Methods
By InternetGo to www.proxyvote.com for voting instructions or scan the QR code on your Important Notice Regarding the Availability of Proxy Materials or proxy card, then cast your vote electronically.
By TelephoneYou may call 1-800-690-6903 and follow the instructions provided to vote your shares by telephone.
By MailYou may promptly mail your completed and executed proxy card in the postage paid envelope
| 2 | 2026 Proxy Statement | Bladex |
Proxy Summary
Directors of the Board
| Name | Country of Citizenship | Position Held with the Bank | Year Term Expires | Age |
|---|---|---|---|---|
| Class A | ||||
| Tarciana Gomes MedeirosPresident, Banco Do Brasil | Brazil | Director | 2028 | 47 |
| Class E | ||||
| Angélica RuizSenior Vice President, BP Mexico | Mexico | Director | 2028 | 52 |
| Miguel HerasFounder and Managing Partner, MKH Capital Partners | Panama | Director | 2027 | 57 |
| Ricardo Manuel ArangoPartner, Arias, Fabrega y Fabrega | Panama | Director | 2028 | 65 |
| Roland HolstBoard Member, Sudameris Bank | Paraguay | Director | 2028 | 56 |
| All Classes | ||||
| Alexandra AguirrePartner, Holland & Knight LLP in Miami, Fl | United States | Director | 2027 | 49 |
| Isela CostantiniChief Executive Officer, GST Financial Services in Argentina | Argentina | Director | 2027 | 54 |
Business Highlights
| Our Commercial Book reached$11.2bn+11% YoY | Our Net Income for FY 2025 was$227mm+10% YoY | Our Deposits increased to$6.6bn+22% YoY |
| Adjusted ROEFY 15.8%↓ 45 Bps YoY | Our Tier 1 Basel III Capital Ratio was17.4%+190 Bps YoY | Our Non-Interest Income in FY 2025 increased toFY $68.4+54% YoY |
| Bladex | 2026 Proxy Statement | 3 |
|---|
Proxy Summary
Directors Skills Matrix
| AlexandraAguirre | RicardoArango | TarcianaGomesMedeiros | IselaCostantini | MarioCovo | José A.Garzón | MiguelHeras | RolandHolst | DanielTillard | AngélicaRuizCelis |
| Knowledge and Skills | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Corporate Governance | |||||||||
| Public Board Experience | |||||||||
| Executive Management Experience | |||||||||
| Financial Expertise | |||||||||
| Legal | |||||||||
| Government / Regulatory Experience | |||||||||
| Risk Management | |||||||||
| International | |||||||||
| Environmental, Social, and Governance | |||||||||
| Gender | |||||||||
| Male | |||||||||
| Female | |||||||||
Demographics of the Board
| Age | Tenure | Gender |
|---|
| 4 | 2026 Proxy Statement | Bladex |
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