In general, Bladex has compiled an excellent record in managing credit quality, specially in light of the multiple crises and economic cycles experienced by the Region in the more than two decades since the Bank was established.  With the exception of the situation in Argentina, the Bank has written off loans amounting to only $84.0 million throughout its history, which represents 0.05% of the accumulated total of credits granted ($152.0 billion).  Total write-offs, including the loans to Argentina, represent only 0.18% of total accumulated credits granted.

At the closing of 2007, Bladex reports total generic reserves of $83.4 million, while at the closing of 2006, reserves totaled $78.5 million.  For the second year running, the Bank showed not a single non-accrual loan, and realized a noteworthy recovery during the year of $6.4 million from a non-performing credit of several years ago.

In 2007, Bladex demonstrated the value of pursuing a strategy of revenue diversification.  The professionalism of the Risk Management team and its knowledge of the Region supported the Bank’s efforts, enabling it to take advantage of opportunities and generate attractive returns, despite difficulties in the financial markets.