Miguel Heras - Foreign Trade Chairman of the Board

BLX Stock  USD 38.00  0.20  0.52%   

Chairman

Mr. Miguel Heras is the Director of the Company since April 16, 2015. Since 1999, Mr. Heras has served as Executive Director and as a member of the board of Inversiones Bahia, Ltd. in Panama, the largest investment group in Central America, focusing on the financial, infrastructure, real estate, and communications markets. He currently leads the private equity and VC efforts of the group. Mr. Heras also serves on various other boards throughout Latin America including Cable Onda since 2009, Sistemas de Generacin S.A., Televisora Nacional and Bahia Motors since 2007, and Industrias Panama Boston since 1999. Mr. Heras has served as Director of the Biodiversity Museum from 2008 to 2014, and Banco Continental de Panama from 2002 to 2007 and was also a member of its ALCO Committee. Mr. Heras was the negotiator for the acquisition of several banking institutions, and in 2007 led the negotiation for the merger of Banco Continental with Banco General to create one of the largest banks in Central America. Mr. Heras was also a member of the board of directors of Amnet Telecommunications Holdings, the leading provider of pay TV and triple play services in Central America from 2005 to 2008, Tricom from 2009 to 2014, Vice Chairman of the board of Cable and Wireless Inc. from 1997 to 1999 and a member of the board of the Panamanian Stock Exchange from 1999 to 2005. Mr. Heras was Minister of the Treasury of the Republic of Panama from 1996 to 1998 and President of the Council on Foreign Trade. He served as Vice Minister of the Treasury from 1994 to 1996 since 2019.
Age 50
Tenure 6 years
Phone507 210 8500
Webhttps://www.bladex.com
Heras holds a Bachelor Degree in Economics from the Wharton School of Commerce and Finance of the University of Pennsylvania.

Foreign Trade Management Efficiency

The company has Return on Asset of 0.0182 % which means that on every $100 spent on assets, it made $0.0182 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.162 %, implying that it generated $0.162 on every 100 dollars invested. Foreign Trade's management efficiency ratios could be used to measure how well Foreign Trade manages its routine affairs as well as how well it operates its assets and liabilities.
Foreign Trade Bank has 4.68 B in debt with debt to equity (D/E) ratio of 7.53, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Note however, debt could still be an excellent tool for Foreign to invest in growth at high rates of return.

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A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. A. was founded in 1977 and is headquartered in Panama City, the Republic of Panama. Banco Latinoamericano is traded on New York Stock Exchange in the United States. Foreign Trade Bank (BLX) is traded on New York Stock Exchange in USA. It is located in Torre V, Business Park, Panama City, Panama and employs 28 people. Foreign Trade is listed under Banking category by Fama And French industry classification.

Management Performance

Foreign Trade Bank Leadership Team

Elected by the shareholders, the Foreign Trade's board of directors comprises two types of representatives: Foreign Trade inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Foreign. The board's role is to monitor Foreign Trade's management team and ensure that shareholders' interests are well served. Foreign Trade's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Foreign Trade's outside directors are responsible for providing unbiased perspectives on the board's policies.
Joao Pecego, Independent Director
Ana Mendez, Chief Financial Officer, Executive Vice President, IR Contact Officer
Eduardo Hecker, Director
Tatiana Calzada, Executive Officer
Ricardo Arango, Secretary
Mario Covo, Director
Jorge Cordoba, Executive Vice President Chief Audit Officer
Sergio Olarte, Chief Economist
Olazhir Ledezma, Executive Planning
Miguel Heras, Chairman of the Board
Javier Fraga, Chairman of the Board
Alexandra Aguirre, Director
Roland Holst, Independent Director
Adriana Forero, Executive Officer
Samuel Canineu, Executive Officer
Jorge Real, Senior Vice President Chief Legal Officer and Secretary of the Board of Directors
Isela Costantini, Director
Eduardo CPA, Executive Markets
Herminio Blanco, Independent Director
Alejandro Tizzoni, Executive Vice President Chief Risk Officer
Carlos Baene, Executive Officer
Jorge Salas, Chief Executive Officer
Jose Garzon, Independent Director
Erica Lijtztain, Chief Operating Officer, Executive Vice President
Alejandro Jaramillo, Executive Vice President Chief Commercial Officer
Eduardo Vivone, Executive Vice President Treasury and Capital Markets
Jessica Janson, Vice Investment
Monica Cosulich, Senior Relations

Foreign Stock Performance Indicators

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Additional Tools for Foreign Stock Analysis

When running Foreign Trade's price analysis, check to measure Foreign Trade's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Foreign Trade is operating at the current time. Most of Foreign Trade's value examination focuses on studying past and present price action to predict the probability of Foreign Trade's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Foreign Trade's price. Additionally, you may evaluate how the addition of Foreign Trade to your portfolios can decrease your overall portfolio volatility.