Operator
Good morning, ladies and gentlemen, and welcome to Bladex Fourth Quarter 2025 Earnings Conference Call. A slide presentation is accompanying today’s webcast and is also available on the Investors section of the company’s website, www.bladex.com. [Operator Instructions] Please note today’s conference call is being recorded.
[Operator Instructions] I would now like to turn the call over to Mr. Jorge Salas, Chief Executive Officer. Please, sir, go ahead.
Jorge Salas
Chief Executive Officer
Good morning, everyone, and thank you for joining. Today, we will discuss Bladex’s fourth quarter and full year 2025 results. I will begin with the key highlights and then, Annette, our CFO, will walk you through the financial results in more detail. After that, I will comment on the macro environment and its implications for Latin America and for Bladex. Finally, I will discuss our guidance for 2026. After that, we will open the call for questions.
This same week a year ago, we shared detailed guidance for 2025. As you can see from our 2025 guidance slide, we delivered in all key metrics we guided for in 2025. Achieving this in a year marked by high global liquidity, declining market rates and elevated geopolitical volatility, speaks to our execution capacity and focus on building an even more resilient earnings profile through different cycles.
Moving on to the next slide on the highlights of the
