Bladex: Back to Basics

Bladex: Back to Basics

Bonds Structured Finance

Back on a firm foundation. Bladex, the trade finance bank, realized it was in trouble in Argentina well before the country's default in December 2001. Unlike institutional investors that had begun bailing out of Argentina, banks could not cut and run overnight. Bladex had a billion dollar in loans and credit lines at stake, and long-standing client relationships to think about. Bladex executives knew that the country and the bank's clients were in trouble, but reckoned it could make it through, managing risk as best it could. When the government dismantled Argentina's currency board in J

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