Bladex, the Latin American bank, reported a Q1 2024 net income of $51.3 million, a 39% increase from the previous year. The bank’s credit portfolio and deposits grew by 12% and 32%, respectively. Bladex is transitioning to the expansion phase of its strategic plan, which includes the selection of two key IT platforms to enhance its product suite. Despite increased expenses, the bank remains optimistic about continued growth in 2024 and beyond.