Mario Covo - Foreign Trade Director

BLX Stock  USD 33.64  0.21  0.63%   

Director

Dr. Mario Covo is the Director of the Company since 1999. Dr. Covo is the Founding Partner of DanaMar LLC in New York, a financial consulting firm established in 2013. He was Founding Partner of Helios Advisors in 2003, Founding Partner of Finaccess International, Inc. in 2000 and of Columbus Advisors in 1995, in New York. Dr. Covo worked at Merrill Lynch from 1989 to 1995, where he was Head of Emerging MarketsCapital Markets. Prior to working for Merrill Lynch, Dr. Covo worked at Bankers Trust Company of New York from 1985 to 1989 as Vice President in the Latin American Merchant Banking Group, focusing on corporate finance and debtforequity swaps. Prior to that Dr. Covo was an International Economist for Chase Econometrics from 1984 to 1985, focusing primarily on Latin America since 1999.
Age 61
Tenure 25 years
Professional MarksPh.D
Address Torre V, Business Park, Panama City, Panama
Phone507 210 8500
Webhttps://www.bladex.com
Covo holds a Ph.D. in Economics from Rice University and a B.A. with honors from Instituto Tecnológico Autónomo de Mexico.

Foreign Trade Management Efficiency

The company has Return on Asset of 0.0187 % which means that on every $100 spent on assets, it made $0.0187 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1625 %, implying that it generated $0.1625 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. Return On Tangible Assets is likely to drop to 0.01 in 2024. Return On Capital Employed is likely to drop to 0.02 in 2024. At this time, Foreign Trade's Non Current Assets Total are fairly stable compared to the past year. Earning Assets is likely to rise to about 1.3 B in 2024, whereas Total Assets are likely to drop slightly above 6.3 B in 2024.
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 27 people. Foreign Trade is listed under Specialized Finance 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
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, Head VP
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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