FOREIGN TRADE BANK OF LATIN AMERICA, INC.

Foreign Filer Report • Oct 18, 2007

6-K 1 v090510_6k.htm

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 Or 15d-16 Of The

Securities Exchange Act of 1934

For the month of October, 2007

BANCO LATINOAMERICANO DE EXPORTACIONES, S.A.

(Exact name of Registrant as specified in its Charter)

LATIN AMERICAN EXPORT BANK

(Translation of Registrant’s name into English)

Calle 50 y Aquilino de la Guardia

Apartado 0819-08730

El Dorado, Panama City

Republic of Panama

(Address of Registrant’s Principal Executive Offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F x Form 40-F r

(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing information to the Commission pursuant to Rule 12g-3-2(b) under the Securities Exchange Act of 1934.)

Yes r No x

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b). 82__.)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

October 16, 2007

Banco Latinoamericano de Exportaciones, S.A. By: /s/ Pedro Toll Name: Pedro Toll Title: Deputy Manager

| | 1
de Octubre de
2007 | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ● | BANCO
LATINOAMERICANO DE EXPORTACIONES BALANCE
DE SITUACIÓN DE DICIEMBRE 2006 Y ENERO - AGOSTO
2007 (En
Balboas) | | | | | | | |
| | | | 2006 | 2007 | | | | |
| Descripción | Absoluta | % | Diciembre | Enero | Febrero | Marzo | Abril | Mayo |
| ACTIVOS
LIQUIDOS | -71,660,008.52 | -23.60 | 303,650,422.83 | 216,202,094.20 | 242,982,598.61 | 229,046,233.80 | 122,698,746.25 | 208,986,133.47 |
| Depositos
Locales
en Bancos | 850,726.87 | 489.23 | 173,891.04 | 171,541.89 | 211,225.69 | 198,143.77 | 164,062.71 | 162,204.31 |
| A
la
Vista | 850,726.87 | 489.23 | 173,891.04 | 171,541.89 | 211,225.69 | 198,143.77 | 164,062.71 | 162,204.31 |
| A
Plazo | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depositos
Extranjeros en Bancos | -72,519,675.01 | -23.90 | 303,465,330.82 | 216,015,706.64 | 242,755,699.36 | 228,836,963.32 | 122,369,664.85 | 208,813,623.54 |
| A
la
Vista | -3,819,675.01 | -85.54 | 4,465,330.82 | 2,715,706.64 | 1,255,699.36 | 30,836,963.32 | 1,769,664.85 | 1,313,623.54 |
| A
Plazo | -68,700,000.00 | -22.98 | 299,000,000.00 | 213,300,000.00 | 241,500,000.00 | 198,000,000.00 | 120,600,000.00 | 207,500,000.00 |
| Menos
Provisiones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Locales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Otros | 8,939.62 | 79.81 | 11,200.97 | 14,845.67 | 15,673.56 | 11,126.71 | 165,018.69 | 10,305.62 |
| CARTERA
CREDITICIA | 492,289,384.39 | 16.80 | 2,929,506,047.77 | 3,036,256,324.76 | 3,027,768,900.81 | 3,245,204,307.99 | 3,206,861,456.42 | 3,196,112,772.51 |
| Locales | -30,829,924.71 | -15.91 | 193,815,776.27 | 190,803,578.31 | 185,116,953.31 | 158,897,133.10 | 141,613,868.24 | 150,123,300.86 |
| Extranjero | 541,095,601.10 | 19.42 | 2,786,955,793.50 | 2,896,713,920.80 | 2,893,913,101.85 | 3,142,920,079.84 | 3,121,860,493.13 | 3,102,571,114.20 |
| Menos
Provisiones | 17,976,292.00 | 35.07 | 51,265,522.00 | 51,261,174.35 | 51,261,154.35 | 56,612,904.95 | 56,612,904.95 | 56,581,642.55 |
| Locales | -111,111.36 | -12.19 | 911,727.70 | 911,727.70 | 911,727.70 | 811,234.26 | 811,234.26 | 779,971.86 |
| Extranjero | 18,087,403.36 | 35.92 | 50,353,794.30 | 50,349,446.65 | 50,349,426.65 | 55,801,670.69 | 55,801,670.69 | 55,801,670.69 |
| INVERSIONES
EN VALORES | -10,427,972.29 | -1.81 | 577,658,363.67 | 391,817,270.05 | 380,907,417.40 | 632,092,664.10 | 307,221,604.46 | 298,088,861.31 |
| Locales | 39,046,500.00 | 195.99 | 19,922,400.00 | 19,804,200.00 | 20,027,600.00 | 20,085,000.00 | 20,043,400.00 | 19,836,600.00 |
| Extranjero | -49,474,472.29 | -8.87 | 557,735,963.67 | 372,013,070.05 | 360,879,817.40 | 612,007,664.10 | 287,178,204.46 | 278,252,261.31 |
| Menos
Provisiones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Locales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| OTROS
ACTIVOS | -35,273,369.05 | -29.96 | 117,717,130.43 | 116,329,379.94 | 97,215,886.49 | 78,834,911.65 | 68,502,497.68 | 70,730,858.41 |
| Locales | -14,949,405.69 | -84.87 | 17,614,809.32 | 20,511,965.87 | 10,276,743.98 | 5,315,339.04 | 5,574,415.85 | 2,523,285.04 |
| Extranjero | -20,323,963.36 | -20.30 | 100,102,321.11 | 95,817,414.07 | 86,939,142.51 | 73,519,572.61 | 62,928,081.83 | 68,207,573.37 |
| TOTAL
DE ACTIVOS | 374,928,034.53 | 9.54 | 3,928,531,964.70 | 3,760,605,068.95 | 3,748,874,803.31 | 4,185,178,117.54 | 3,705,284,304.81 | 3,773,918,625.70 |
| DEPOSITOS | 309,348,035.33 | 29.28 | 1,056,674,083.42 | 1,169,378,225.85 | 1,222,705,231.77 | 1,380,142,876.22 | 1,283,560,136.96 | 1,286,109,030.56 |
| Locales | 93,262,550.44 | 66.37 | 140,528,292.38 | 151,114,593.65 | 149,223,722.63 | 188,400,415.96 | 195,234,364.45 | 209,426,258.81 |
| Oficiales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De
Particulares | 1,500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A
la Vista | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A
Plazo | 1,500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De
Ahorros | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De
Bancos | 91,762,550.44 | 65.30 | 140,528,292.38 | 151,114,593.65 | 149,223,722.63 | 188,400,415.96 | 195,234,364.45 | 209,426,258.81 |
| A
la Vista | 2,166,432.36 | 17.48 | 12,390,382.81 | 9,751,662.28 | 13,366,002.78 | 10,542,777.13 | 9,856,408.16 | 7,495,530.19 |
| A
Plazo | 89,596,118.08 | 69.92 | 128,137,909.57 | 141,362,931.37 | 135,857,719.85 | 177,857,638.83 | 185,377,956.29 | 201,930,728.62 |
| Extranjero | 216,085,484.89 | 23.59 | 916,145,791.04 | 1,018,263,632.20 | 1,073,481,509.14 | 1,191,742,460.26 | 1,088,325,772.51 | 1,076,682,771.75 |
| Oficiales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De
Particulares | 26,532,995.88 | 70.11 | 37,843,681.20 | 98,076,330.45 | 99,415,948.70 | 100,671,771.92 | 102,886,296.40 | 101,494,940.09 |
| A
la Vista | 4,860,495.88 | 241.07 | 2,016,181.20 | 2,248,830.45 | 1,738,448.70 | 1,744,271.92 | 2,258,796.40 | 3,867,440.09 |
| A
Plazo | 21,672,500.00 | 60.49 | 35,827,500.00 | 95,827,500.00 | 97,677,500.00 | 98,927,500.00 | 100,627,500.00 | 97,627,500.00 |
| De
Ahorros | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De
Bancos | 189,552,489.01 | 21.58 | 878,302,109.84 | 920,187,301.75 | 974,065,560.44 | 1,091,070,688.34 | 985,439,476.11 | 975,187,831.66 |
| A
la Vista | -79,743,915.52 | -67.51 | 118,120,039.83 | 82,782,206.23 | 95,490,878.75 | 90,198,396.99 | 44,057,196.58 | 91,161,295.26 |
| A
Plazo | 269,296,404.53 | 35.43 | 760,182,070.01 | 837,405,095.52 | 878,574,681.69 | 1,000,872,291.35 | 941,382,279.53 | 884,026,536.40 |
| OBLIGACIONES | 107,762,871.47 | 5.00 | 2,156,397,179.46 | 1,881,473,358.26 | 1,831,833,854.46 | 2,128,903,579.48 | 1,752,199,110.42 | 1,815,010,696.69 |
| Locales | 0.00 | 0.00 | 30,000,000.00 | 30,000,000.00 | 31,868,459.90 | 30,000,000.00 | 30,000,000.00 | 30,000,000.00 |
| Extranjero | 107,762,871.47 | 5.07 | 2,126,397,179.46 | 1,851,473,358.26 | 1,799,965,394.56 | 2,098,903,579.48 | 1,722,199,110.42 | 1,785,010,696.69 |
| OTROS
PASIVOS | -48,983,579.66 | -37.73 | 129,840,855.71 | 120,909,042.64 | 102,899,898.91 | 86,564,035.26 | 74,537,253.46 | 73,908,965.33 |
| Locales | -19,721,311.46 | -80.79 | 24,411,519.37 | 11,702,379.03 | 10,338,688.73 | 8,310,708.32 | 5,536,711.21 | 6,037,289.13 |
| Extranjero | -29,262,268.20 | -27.76 | 105,429,336.34 | 109,206,663.61 | 92,561,210.18 | 78,253,326.94 | 69,000,542.25 | 67,871,676.20 |
| PATRIMONIO | 6,800,707.35 | 1.16 | 585,619,846.11 | 588,844,442.19 | 591,435,818.14 | 589,567,626.62 | 594,987,803.98 | 598,889,933.12 |
| Capital | 1,252,896.58 | 0.45 | 280,157,273.47 | 280,212,949.00 | 280,263,236.58 | 280,318,912.11 | 280,393,029.99 | 280,682,393.61 |
| Reservas
de Capital | 0.00 | 0.00 | 95,210,153.67 | 95,210,153.67 | 95,210,153.67 | 95,210,153.67 | 95,210,153.67 | 95,210,153.67 |
| Otras
Reservas | -394,857.07 | 544.60 | -72,504.59 | 68,218.00 | 22,274.00 | -58,735.00 | -76,326.00 | -163,652.00 |
| Utilidad
de
Periodos Anteriores | 38,693,291.14 | 25.42 | 152,204,116.93 | 207,009,182.67 | 206,924,182.67 | 198,931,786.98 | 198,931,786.98 | 198,931,786.98 |
| Utilidad
de Periodo | -21,784,477.07 | -39.81 | 54,720,070.12 | 6,125,153.63 | 8,967,061.66 | 12,674,036.97 | 19,848,605.49 | 23,305,800.64 |
| Ganancia
o Perdida
en Valores Disponible para la venta | -10,966,146.23 | -322.46 | 3,400,736.51 | 218,785.22 | 48,909.56 | 2,491,471.89 | 680,553.85 | 923,450.22 |
| Deuda
Subordinada | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PASIVO
Y PATRIMONIO | 374,928,034.49 | 9.54 | 3,928,531,964.70 | 3,760,605,068.94 | 3,748,874,803.28 | 4,185,178,117.58 | 3,705,284,304.82 | 3,773,918,625.70 |

| | 1
de Octubre de 2007 | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- |
| ● | BANCO
LATINOAMERICANO DE EXPORTACIONES BALANCE
DE SITUACIÓN DE DICIEMBRE 2006 Y ENERO - AGOSTO
2007 (En
Balboas) | | | | | | |
| | 2007 | | | | | | |
| Descripción | Junio | Julio | Agosto | Septiembre | Octubre | Noviembre | Diciembre |
| ACTIVOS
LIQUIDOS | 230,906,612.74 | 225,251,357.81 | 231,990,414.31 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depositos
Locales
en Bancos | 249,374.70 | 200,575.94 | 1,024,617.91 | 0.00 | 0.00 | 0.00 | 0.00 |
| A
la
Vista | 249,374.70 | 200,575.94 | 1,024,617.91 | 0.00 | 0.00 | 0.00 | 0.00 |
| A
Plazo | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depositos
Extranjeros en Bancos | 230,648,229.85 | 225,046,711.62 | 230,945,655.81 | 0.00 | 0.00 | 0.00 | 0.00 |
| A
la
Vista | 17,748,229.85 | 6,846,711.62 | 645,655.81 | 0.00 | 0.00 | 0.00 | 0.00 |
| A
Plazo | 212,900,000.00 | 218,200,000.00 | 230,300,000.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Menos
Provisiones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Locales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Otros | 9,008.19 | 4,070.25 | 20,140.59 | 0.00 | 0.00 | 0.00 | 0.00 |
| CARTERA
CREDITICIA | 3,346,318,289.23 | 3,399,513,093.81 | 3,421,795,432.16 | 0.00 | 0.00 | 0.00 | 0.00 |
| Locales | 156,246,011.28 | 159,018,174.47 | 162,985,851.56 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | 3,259,046,607.73 | 3,309,575,019.73 | 3,328,051,394.60 | 0.00 | 0.00 | 0.00 | 0.00 |
| Menos
Provisiones | 68,974,329.78 | 69,080,100.39 | 69,241,814.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Locales | 800,616.34 | 800,616.34 | 800,616.34 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | 68,173,713.44 | 68,279,484.05 | 68,441,197.66 | 0.00 | 0.00 | 0.00 | 0.00 |
| INVERSIONES
EN VALORES | 275,295,067.05 | 330,636,735.82 | 567,230,391.38 | 0.00 | 0.00 | 0.00 | 0.00 |
| Locales | 19,807,400.00 | 20,009,800.00 | 58,968,900.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | 255,487,667.05 | 310,626,935.82 | 508,261,491.38 | 0.00 | 0.00 | 0.00 | 0.00 |
| Menos
Provisiones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Locales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| OTROS
ACTIVOS | 91,679,069.89 | 103,815,193.71 | 82,443,761.38 | 0.00 | 0.00 | 0.00 | 0.00 |
| Locales | 7,040,979.90 | 1,314,560.20 | 2,665,403.63 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | 84,638,089.99 | 102,500,633.51 | 79,778,357.75 | 0.00 | 0.00 | 0.00 | 0.00 |
| TOTAL
DE ACTIVOS | 3,944,199,038.91 | 4,059,216,381.15 | 4,303,459,999.23 | 0.00 | 0.00 | 0.00 | 0.00 |
| DEPOSITOS | 1,380,740,164.51 | 1,433,042,487.41 | 1,366,022,118.75 | 0.00 | 0.00 | 0.00 | 0.00 |
| Locales | 267,002,901.04 | 277,920,926.83 | 233,790,842.82 | 0.00 | 0.00 | 0.00 | 0.00 |
| Oficiales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De
Particulares | 0.00 | 0.00 | 1,500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A
la Vista | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A
Plazo | 0.00 | 0.00 | 1,500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De
Ahorros | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De
Bancos | 267,002,901.04 | 277,920,926.83 | 232,290,842.82 | 0.00 | 0.00 | 0.00 | 0.00 |
| A
la Vista | 18,201,829.30 | 16,078,149.99 | 14,556,815.17 | 0.00 | 0.00 | 0.00 | 0.00 |
| A
Plazo | 248,801,071.74 | 261,842,776.84 | 217,734,027.65 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | 1,113,737,263.47 | 1,155,121,560.58 | 1,132,231,275.93 | 0.00 | 0.00 | 0.00 | 0.00 |
| Oficiales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De
Particulares | 72,649,022.78 | 67,948,910.47 | 64,376,677.08 | 0.00 | 0.00 | 0.00 | 0.00 |
| A
la Vista | 4,921,522.78 | 6,048,910.47 | 6,876,677.08 | 0.00 | 0.00 | 0.00 | 0.00 |
| A
Plazo | 67,727,500.00 | 61,900,000.00 | 57,500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De
Ahorros | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De
Bancos | 1,041,088,240.69 | 1,087,172,650.11 | 1,067,854,598.85 | 0.00 | 0.00 | 0.00 | 0.00 |
| A
la Vista | 85,912,030.44 | 68,686,710.76 | 38,376,124.31 | 0.00 | 0.00 | 0.00 | 0.00 |
| A
Plazo | 955,176,210.25 | 1,018,485,939.35 | 1,029,478,474.54 | 0.00 | 0.00 | 0.00 | 0.00 |
| OBLIGACIONES | 1,872,529,067.84 | 1,932,074,675.59 | 2,264,160,050.93 | 0.00 | 0.00 | 0.00 | 0.00 |
| Locales | 30,000,000.00 | 30,003,495.42 | 30,000,000.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | 1,842,529,067.84 | 1,902,071,180.17 | 2,234,160,050.93 | 0.00 | 0.00 | 0.00 | 0.00 |
| OTROS
PASIVOS | 97,932,784.34 | 102,225,519.63 | 80,857,276.05 | 0.00 | 0.00 | 0.00 | 0.00 |
| Locales | 13,645,489.19 | 6,679,482.59 | 4,690,207.91 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | 84,287,295.15 | 95,546,037.04 | 76,167,068.14 | 0.00 | 0.00 | 0.00 | 0.00 |
| PATRIMONIO | 592,997,022.26 | 591,873,698.49 | 592,420,553.46 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital | 280,780,245.67 | 281,329,619.86 | 281,410,170.05 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reservas
de Capital | 95,210,153.67 | 95,210,153.67 | 95,210,153.67 | 0.00 | 0.00 | 0.00 | 0.00 |
| Otras
Reservas | -185,426.66 | -239,865.66 | -467,361.66 | 0.00 | 0.00 | 0.00 | 0.00 |
| Utilidad
de
Periodos Anteriores | 190,897,408.07 | 190,897,408.07 | 190,897,408.07 | 0.00 | 0.00 | 0.00 | 0.00 |
| Utilidad
de Periodo | 26,750,808.21 | 29,401,075.86 | 32,935,593.05 | 0.00 | 0.00 | 0.00 | 0.00 |
| Ganancia
o Perdida
en Valores Disponible para la venta | -456,166.70 | -4,724,693.31 | -7,565,409.72 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deuda
Subordinada | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PASIVO
Y PATRIMONIO | 3,944,199,038.95 | 4,059,216,381.12 | 4,303,459,999.19 | 0.00 | 0.00 | 0.00 | 0.00 |

| | 1
de Octubre de
2007 | | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ● | ESTADO
DE RESULTADO BANCO
LATINOAMERICANO DE EXPORTACIONES, S.A. ENERO
- AGOSTO 2007 | | | | | | | | |
| | (En
Balboas) | | | | | | | | |
| Descripcion | Enero | Febrero | Marzo | Trimestre
I | Abril | Mayo | Junio | Trimestre
II | Julio |
| Ingresos
Por Intereses | 19,655,049.68 | 17,737,463.67 | 20,683,853.26 | 58,076,366.61 | 20,058,754.09 | 20,588,522.78 | 19,794,528.99 | 60,441,805.86 | 20,732,440.03 |
| Préstamos | 16,952,273.81 | 15,700,845.01 | 17,395,096.07 | 50,048,214.89 | 17,561,997.10 | 18,564,562.05 | 17,925,837.23 | 54,052,396.38 | 18,786,542.10 |
| Depósitos | 868,382.96 | 769,848.68 | 996,685.10 | 2,634,916.74 | 930,193.10 | 947,201.26 | 960,774.98 | 2,838,169.34 | 1,006,987.43 |
| Inversiones | 1,834,392.91 | 1,266,769.98 | 2,292,072.09 | 5,393,234.98 | 1,566,563.89 | 1,076,759.47 | 907,916.78 | 3,551,240.14 | 938,910.50 |
| Egresos
de Operaciones | 14,530,876.98 | 12,967,599.32 | 15,468,817.28 | 42,967,293.58 | 15,028,135.92 | 15,439,705.90 | 14,664,128.13 | 45,131,969.95 | 15,472,983.06 |
| Intereses
Pagados | 14,529,189.99 | 12,965,836.71 | 15,461,564.58 | 42,956,591.28 | 15,022,210.56 | 15,433,623.24 | 14,661,042.64 | 45,116,876.44 | 15,455,164.59 |
| Comisiones | 1,686.99 | 1,762.61 | 7,252.70 | 10,702.30 | 5,925.36 | 6,082.66 | 3,085.49 | 15,093.51 | 17,818.47 |
| Ingreso
Neto de Intereses | 5,124,172.70 | 4,769,864.35 | 5,215,035.98 | 15,109,073.03 | 5,030,618.17 | 5,148,816.88 | 5,130,400.86 | 15,309,835.91 | 5,259,456.97 |
| Otros
Ingresos | 3,252,247.96 | 263,977.66 | -5,382.34 | 3,510,843.28 | 3,971,172.09 | 721,461.97 | 29,892.44 | 4,722,526.50 | 185,405.00 |
| Comisiones | 532,215.31 | 345,294.45 | 369,807.89 | 1,247,317.65 | 339,094.38 | 465,924.72 | 548,985.88 | 1,354,004.98 | 452,907.06 |
| Operaciones
con
Divisas | -31,867.58 | -61,017.34 | 101,256.36 | 8,371.44 | -27,051.00 | 13,600.37 | -27,484.49 | -40,935.12 | -22,866.71 |
| Otros
ingresos | 2,751,900.23 | -20,299.45 | -476,446.59 | 2,255,154.19 | 3,659,128.71 | 241,936.88 | -491,608.95 | 3,409,456.64 | -244,635.35 |
| Ingresos
de Operaciones | 8,376,420.66 | 5,033,842.01 | 5,209,653.64 | 18,619,916.31 | 9,001,790.26 | 5,870,278.85 | 5,160,293.30 | 20,032,362.41 | 5,444,861.97 |
| Egresos
Generales | 2,251,267.03 | 2,191,933.98 | -3,851,437.28 | 591,763.73 | 1,827,221.74 | 2,413,083.70 | -4,519,727.26 | -279,421.82 | 2,794,594.32 |
| Gastos
Administrativos | 1,389,320.94 | 1,152,761.57 | 1,378,644.88 | 3,920,727.39 | 876,276.06 | 1,379,731.65 | 2,133,608.72 | 4,389,616.43 | 1,403,245.40 |
| Gastos
Generales | 230,861.37 | 393,847.95 | 424,127.86 | 1,048,837.18 | 423,230.11 | 511,507.00 | 415,011.34 | 1,349,748.45 | 881,574.41 |
| Gastos
de
Depreciación | 228,406.64 | 164,173.56 | 213,327.01 | 605,907.21 | 202,702.28 | 199,719.24 | 214,359.49 | 616,781.01 | 176,484.52 |
| Otros
Gastos | 402,678.08 | 481,150.90 | -5,867,537.03 | -4,983,708.05 | 325,013.29 | 322,125.81 | -7,282,706.81 | -6,635,567.71 | 333,289.99 |
| Utilidad
antes de Provisiones | 6,125,153.63 | 2,841,908.03 | 9,061,090.92 | 18,028,152.58 | 7,174,568.52 | 3,457,195.15 | 9,680,020.56 | 20,311,784.23 | 2,650,267.65 |
| Provisiones
por
Cuentas Malas | 0.00 | 0.00 | 5,354,115.61 | 5,354,115.61 | 0.00 | 0.00 | 6,235,012.99 | 6,235,012.99 | 0.00 |
| Utilidad
del Periodo | 6,125,153.63 | 2,841,908.03 | 3,706,975.31 | 12,674,036.97 | 7,174,568.52 | 3,457,195.15 | 3,445,007.57 | 14,076,771.24 | 2,650,267.65 |

| | 1
de Octubre de
2007 | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ● | ESTADO
DE RESULTADO BANCO
LATINOAMERICANO DE EXPORTACIONES, S.A. ENERO
- AGOSTO 2007 | | | | | | | |
| | (En
Balboas) | | | | | | | |
| Descripcion | Agosto | Septiembre | Trimestre
III | Octubre | Noviembre | Diciembre | Trimestre
IV | Acumulado
Anual |
| Ingresos
Por Intereses | 23,291,729.77 | 0.00 | 44,024,169.80 | 0.00 | 0.00 | 0.00 | 0.00 | 162,542,342.27 |
| Préstamos | 19,800,525.97 | 0.00 | 38,587,068.07 | 0.00 | 0.00 | 0.00 | 0.00 | 142,687,679.34 |
| Depósitos | 1,216,478.78 | 0.00 | 2,223,466.21 | 0.00 | 0.00 | 0.00 | 0.00 | 7,696,552.29 |
| Inversiones | 2,274,725.02 | 0.00 | 3,213,635.52 | 0.00 | 0.00 | 0.00 | 0.00 | 12,158,110.64 |
| Egresos
de Operaciones | 17,563,471.24 | 0.00 | 33,036,454.30 | 0.00 | 0.00 | 0.00 | 0.00 | 121,135,717.83 |
| Intereses
Pagados | 17,557,775.67 | 0.00 | 33,012,940.26 | 0.00 | 0.00 | 0.00 | 0.00 | 121,086,407.98 |
| Comisiones | 5,695.57 | 0.00 | 23,514.04 | 0.00 | 0.00 | 0.00 | 0.00 | 49,309.85 |
| Ingreso
Neto de Intereses | 5,728,258.53 | 0.00 | 10,987,715.50 | 0.00 | 0.00 | 0.00 | 0.00 | 41,406,624.44 |
| Otros
Ingresos | 246,831.66 | 0.00 | 432,236.66 | 0.00 | 0.00 | 0.00 | 0.00 | 8,665,606.44 |
| Comisiones | 370,131.65 | 0.00 | 823,038.71 | 0.00 | 0.00 | 0.00 | 0.00 | 3,424,361.34 |
| Operaciones
con
Divisas | -26,519.09 | 0.00 | -49,385.80 | 0.00 | 0.00 | 0.00 | 0.00 | -81,949.48 |
| Otros
ingresos | -96,780.90 | 0.00 | -341,416.25 | 0.00 | 0.00 | 0.00 | 0.00 | 5,323,194.58 |
| Ingresos
de Operaciones | 5,975,090.19 | 0.00 | 11,419,952.16 | 0.00 | 0.00 | 0.00 | 0.00 | 50,072,230.88 |
| Egresos
Generales | 2,440,573.00 | 0.00 | 5,235,167.32 | 0.00 | 0.00 | 0.00 | 0.00 | 5,547,509.23 |
| Gastos
Administrativos | 1,361,234.98 | 0.00 | 2,764,480.38 | 0.00 | 0.00 | 0.00 | 0.00 | 11,074,824.20 |
| Gastos
Generales | 535,317.02 | 0.00 | 1,416,891.43 | 0.00 | 0.00 | 0.00 | 0.00 | 3,815,477.06 |
| Gastos
de
Depreciación | 220,534.77 | 0.00 | 397,019.29 | 0.00 | 0.00 | 0.00 | 0.00 | 1,619,707.51 |
| Otros
Gastos | 323,486.23 | 0.00 | 656,776.22 | 0.00 | 0.00 | 0.00 | 0.00 | -10,962,499.54 |
| Utilidad
antes de Provisiones | 3,534,517.19 | 0.00 | 6,184,784.84 | 0.00 | 0.00 | 0.00 | 0.00 | 44,524,721.65 |
| Provisiones
por
Cuentas Malas | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11,589,128.60 |
| Utilidad
del Periodo | 3,534,517.19 | 0.00 | 6,184,784.84 | 0.00 | 0.00 | 0.00 | 0.00 | 32,935,593.05 |

| | October
1, 2007 | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ● | BANCO
LATINOAMERICANO DE EXPORTACIONES BALANCE
SHEETS DECEMBER 2006 AND JANUARY - AUGUST 2007 (In
Balboas)* | | | | | | | |
| | | | 2006 | 2007 | | | | |
| Description | Absolute | % | December | January | February | March | April | May |
| LIQUID
ASSETS | -71,660,008.52 | -23.60 | 303,650,422.83 | 216,202,094.20 | 242,982,598.61 | 229,046,233.80 | 122,698,746.25 | 208,986,133.47 |
| Local
Deposits in
Banks | 850,726.87 | 489.23 | 173,891.04 | 171,541.89 | 211,225.69 | 198,143.77 | 164,062.71 | 162,204.31 |
| Demand | 850,726.87 | 489.23 | 173,891.04 | 171,541.89 | 211,225.69 | 198,143.77 | 164,062.71 | 162,204.31 |
| Time | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign
Deposits in
Banks | -72,519,675.01 | -23.90 | 303,465,330.82 | 216,015,706.64 | 242,755,699.36 | 228,836,963.32 | 122,369,664.85 | 208,813,623.54 |
| Demand | -3,819,675.01 | -85.54 | 4,465,330.82 | 2,715,706.64 | 1,255,699.36 | 30,836,963.32 | 1,769,664.85 | 1,313,623.54 |
| Time | -68,700,000.00 | -22.98 | 299,000,000.00 | 213,300,000.00 | 241,500,000.00 | 198,000,000.00 | 120,600,000.00 | 207,500,000.00 |
| Less
Allowance | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Local | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Others | 8,939.62 | 79.81 | 11,200.97 | 14,845.67 | 15,673.56 | 11,126.71 | 165,018.69 | 10,305.62 |
| CREDIT
PORTFOLIO | 492,289,384.39 | 16.80 | 2,929,506,047.77 | 3,036,256,324.76 | 3,027,768,900.81 | 3,245,204,307.99 | 3,206,861,456.42 | 3,196,112,772.51 |
| Local | -30,829,924.71 | -15.91 | 193,815,776.27 | 190,803,578.31 | 185,116,953.31 | 158,897,133.10 | 141,613,868.24 | 150,123,300.86 |
| Foreign | 541,095,601.10 | 19.42 | 2,786,955,793.50 | 2,896,713,920.80 | 2,893,913,101.85 | 3,142,920,079.84 | 3,121,860,493.13 | 3,102,571,114.20 |
| Less
Allowance | 17,976,292.00 | 35.07 | 51,265,522.00 | 51,261,174.35 | 51,261,154.35 | 56,612,904.95 | 56,612,904.95 | 56,581,642.55 |
| Local | -111,111.36 | -12.19 | 911,727.70 | 911,727.70 | 911,727.70 | 811,234.26 | 811,234.26 | 779,971.86 |
| Foreign | 18,087,403.36 | 35.92 | 50,353,794.30 | 50,349,446.65 | 50,349,426.65 | 55,801,670.69 | 55,801,670.69 | 55,801,670.69 |
| INVESTMENT
SECURITIES | -10,427,972.29 | -1.81 | 577,658,363.67 | 391,817,270.05 | 380,907,417.40 | 632,092,664.10 | 307,221,604.46 | 298,088,861.31 |
| Local | 39,046,500.00 | 195.99 | 19,922,400.00 | 19,804,200.00 | 20,027,600.00 | 20,085,000.00 | 20,043,400.00 | 19,836,600.00 |
| Foreign | -49,474,472.29 | -8.87 | 557,735,963.67 | 372,013,070.05 | 360,879,817.40 | 612,007,664.10 | 287,178,204.46 | 278,252,261.31 |
| Less
Allowance | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Local | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| OTHER
ASSETS | -35,273,369.05 | -29.96 | 117,717,130.43 | 116,329,379.94 | 97,215,886.49 | 78,834,911.65 | 68,502,497.68 | 70,730,858.41 |
| Local | -14,949,405.69 | -84.87 | 17,614,809.32 | 20,511,965.87 | 10,276,743.98 | 5,315,339.04 | 5,574,415.85 | 2,523,285.04 |
| Foreign | -20,323,963.36 | -20.30 | 100,102,321.11 | 95,817,414.07 | 86,939,142.51 | 73,519,572.61 | 62,928,081.83 | 68,207,573.37 |
| TOTAL
ASSETS | 374,928,034.53 | 9.54 | 3,928,531,964.70 | 3,760,605,068.95 | 3,748,874,803.31 | 4,185,178,117.54 | 3,705,284,304.81 | 3,773,918,625.70 |
| DEPOSITS | 309,348,035.33 | 29.28 | 1,056,674,083.42 | 1,169,378,225.85 | 1,222,705,231.77 | 1,380,142,876.22 | 1,283,560,136.96 | 1,286,109,030.56 |
| Local | 93,262,550.44 | 66.37 | 140,528,292.38 | 151,114,593.65 | 149,223,722.63 | 188,400,415.96 | 195,234,364.45 | 209,426,258.81 |
| Government | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Customers | 1,500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Demand | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Time | 1,500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Savings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| From
Banks | 91,762,550.44 | 65.30 | 140,528,292.38 | 151,114,593.65 | 149,223,722.63 | 188,400,415.96 | 195,234,364.45 | 209,426,258.81 |
| Demand | 2,166,432.36 | 17.48 | 12,390,382.81 | 9,751,662.28 | 13,366,002.78 | 10,542,777.13 | 9,856,408.16 | 7,495,530.19 |
| Time | 89,596,118.08 | 69.92 | 128,137,909.57 | 141,362,931.37 | 135,857,719.85 | 177,857,638.83 | 185,377,956.29 | 201,930,728.62 |
| Foreign | 216,085,484.89 | 23.59 | 916,145,791.04 | 1,018,263,632.20 | 1,073,481,509.14 | 1,191,742,460.26 | 1,088,325,772.51 | 1,076,682,771.75 |
| Government | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Customers | 26,532,995.88 | 70.11 | 37,843,681.20 | 98,076,330.45 | 99,415,948.70 | 100,671,771.92 | 102,886,296.40 | 101,494,940.09 |
| Demand | 4,860,495.88 | 241.07 | 2,016,181.20 | 2,248,830.45 | 1,738,448.70 | 1,744,271.92 | 2,258,796.40 | 3,867,440.09 |
| Time | 21,672,500.00 | 60.49 | 35,827,500.00 | 95,827,500.00 | 97,677,500.00 | 98,927,500.00 | 100,627,500.00 | 97,627,500.00 |
| Savings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| From
Banks | 189,552,489.01 | 21.58 | 878,302,109.84 | 920,187,301.75 | 974,065,560.44 | 1,091,070,688.34 | 985,439,476.11 | 975,187,831.66 |
| Demand | -79,743,915.52 | -67.51 | 118,120,039.83 | 82,782,206.23 | 95,490,878.75 | 90,198,396.99 | 44,057,196.58 | 91,161,295.26 |
| Time | 269,296,404.53 | 35.43 | 760,182,070.01 | 837,405,095.52 | 878,574,681.69 | 1,000,872,291.35 | 941,382,279.53 | 884,026,536.40 |
| BORROWINGS | 107,762,871.47 | 5.00 | 2,156,397,179.46 | 1,881,473,358.26 | 1,831,833,854.46 | 2,128,903,579.48 | 1,752,199,110.42 | 1,815,010,696.69 |
| Local | 0.00 | 0.00 | 30,000,000.00 | 30,000,000.00 | 31,868,459.90 | 30,000,000.00 | 30,000,000.00 | 30,000,000.00 |
| Foreign | 107,762,871.47 | 5.07 | 2,126,397,179.46 | 1,851,473,358.26 | 1,799,965,394.56 | 2,098,903,579.48 | 1,722,199,110.42 | 1,785,010,696.69 |
| OTHER
LIABILITIES | -48,983,579.66 | -37.73 | 129,840,855.71 | 120,909,042.64 | 102,899,898.91 | 86,564,035.26 | 74,537,253.46 | 73,908,965.33 |
| Local | -19,721,311.46 | -80.79 | 24,411,519.37 | 11,702,379.03 | 10,338,688.73 | 8,310,708.32 | 5,536,711.21 | 6,037,289.13 |
| Foreign | -29,262,268.20 | -27.76 | 105,429,336.34 | 109,206,663.61 | 92,561,210.18 | 78,253,326.94 | 69,000,542.25 | 67,871,676.20 |
| STOCKHOLDERS´
EQUITY | 6,800,707.35 | 1.16 | 585,619,846.11 | 588,844,442.19 | 591,435,818.14 | 589,567,626.62 | 594,987,803.98 | 598,889,933.12 |
| Capital | 1,252,896.58 | 0.45 | 280,157,273.47 | 280,212,949.00 | 280,263,236.58 | 280,318,912.11 | 280,393,029.99 | 280,682,393.61 |
| Capital
Reserves | 0.00 | 0.00 | 95,210,153.67 | 95,210,153.67 | 95,210,153.67 | 95,210,153.67 | 95,210,153.67 | 95,210,153.67 |
| Other
Reserves | -394,857.07 | 544.60 | -72,504.59 | 68,218.00 | 22,274.00 | -58,735.00 | -76,326.00 | -163,652.00 |
| Retained
Earnings | 38,693,291.14 | 25.42 | 152,204,116.93 | 207,009,182.67 | 206,924,182.67 | 198,931,786.98 | 198,931,786.98 | 198,931,786.98 |
| Net
Income | -21,784,477.07 | -39.81 | 54,720,070.12 | 6,125,153.63 | 8,967,061.66 | 12,674,036.97 | 19,848,605.49 | 23,305,800.64 |
| Gain
or Loss in
Securities available for sale | -10,966,146.23 | -322.46 | 3,400,736.51 | 218,785.22 | 48,909.56 | 2,491,471.89 | 680,553.85 | 923,450.22 |
| Subordinated
Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| LIABILITIES
AND STOCKHOLDER'S EQUITY | 374,928,034.49 | 9.54 | 3,928,531,964.70 | 3,760,605,068.94 | 3,748,874,803.28 | 4,185,178,117.58 | 3,705,284,304.82 | 3,773,918,625.70 |

| | October
1, 2007 | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- |
| ● | BANCO
LATINOAMERICANO DE EXPORTACIONES BALANCE
SHEETS DECEMBER 2006 AND JANUARY - AUGUST 2007 (In
Balboas) | | | | | | |
| | 2007 | | | | | | |
| Description | June | July | August | September | October | November | December |
| LIQUID
ASSETS | 230,906,612.74 | 225,251,357.81 | 231,990,414.31 | 0.00 | 0.00 | 0.00 | 0.00 |
| Local
Deposits in
Banks | 249,374.70 | 200,575.94 | 1,024,617.91 | 0.00 | 0.00 | 0.00 | 0.00 |
| Demand | 249,374.70 | 200,575.94 | 1,024,617.91 | 0.00 | 0.00 | 0.00 | 0.00 |
| Time | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign
Deposits in
Banks | 230,648,229.85 | 225,046,711.62 | 230,945,655.81 | 0.00 | 0.00 | 0.00 | 0.00 |
| Demand | 17,748,229.85 | 6,846,711.62 | 645,655.81 | 0.00 | 0.00 | 0.00 | 0.00 |
| Time | 212,900,000.00 | 218,200,000.00 | 230,300,000.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Less
Allowance | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Local | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Others | 9,008.19 | 4,070.25 | 20,140.59 | 0.00 | 0.00 | 0.00 | 0.00 |
| CREDIT
PORTFOLIO | 3,346,318,289.23 | 3,399,513,093.81 | 3,421,795,432.16 | 0.00 | 0.00 | 0.00 | 0.00 |
| Local | 156,246,011.28 | 159,018,174.47 | 162,985,851.56 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign | 3,259,046,607.73 | 3,309,575,019.73 | 3,328,051,394.60 | 0.00 | 0.00 | 0.00 | 0.00 |
| Less
Allowance | 68,974,329.78 | 69,080,100.39 | 69,241,814.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Local | 800,616.34 | 800,616.34 | 800,616.34 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign | 68,173,713.44 | 68,279,484.05 | 68,441,197.66 | 0.00 | 0.00 | 0.00 | 0.00 |
| INVESTMENT
SECURITIES | 275,295,067.05 | 330,636,735.82 | 567,230,391.38 | 0.00 | 0.00 | 0.00 | 0.00 |
| Local | 19,807,400.00 | 20,009,800.00 | 58,968,900.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign | 255,487,667.05 | 310,626,935.82 | 508,261,491.38 | 0.00 | 0.00 | 0.00 | 0.00 |
| Less
Allowance | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Local | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| OTHER
ASSETS | 91,679,069.89 | 103,815,193.71 | 82,443,761.38 | 0.00 | 0.00 | 0.00 | 0.00 |
| Local | 7,040,979.90 | 1,314,560.20 | 2,665,403.63 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign | 84,638,089.99 | 102,500,633.51 | 79,778,357.75 | 0.00 | 0.00 | 0.00 | 0.00 |
| TOTAL
ASSETS | 3,944,199,038.91 | 4,059,216,381.15 | 4,303,459,999.23 | 0.00 | 0.00 | 0.00 | 0.00 |
| DEPOSITS | 1,380,740,164.51 | 1,433,042,487.41 | 1,366,022,118.75 | 0.00 | 0.00 | 0.00 | 0.00 |
| Local | 267,002,901.04 | 277,920,926.83 | 233,790,842.82 | 0.00 | 0.00 | 0.00 | 0.00 |
| Government | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Customers | 0.00 | 0.00 | 1,500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Demand | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Time | 0.00 | 0.00 | 1,500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Savings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| From
Banks | 267,002,901.04 | 277,920,926.83 | 232,290,842.82 | 0.00 | 0.00 | 0.00 | 0.00 |
| Demand | 18,201,829.30 | 16,078,149.99 | 14,556,815.17 | 0.00 | 0.00 | 0.00 | 0.00 |
| Time | 248,801,071.74 | 261,842,776.84 | 217,734,027.65 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign | 1,113,737,263.47 | 1,155,121,560.58 | 1,132,231,275.93 | 0.00 | 0.00 | 0.00 | 0.00 |
| Government | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Customers | 72,649,022.78 | 67,948,910.47 | 64,376,677.08 | 0.00 | 0.00 | 0.00 | 0.00 |
| Demand | 4,921,522.78 | 6,048,910.47 | 6,876,677.08 | 0.00 | 0.00 | 0.00 | 0.00 |
| Time | 67,727,500.00 | 61,900,000.00 | 57,500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Savings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| From
Banks | 1,041,088,240.69 | 1,087,172,650.11 | 1,067,854,598.85 | 0.00 | 0.00 | 0.00 | 0.00 |
| Demand | 85,912,030.44 | 68,686,710.76 | 38,376,124.31 | 0.00 | 0.00 | 0.00 | 0.00 |
| Time | 955,176,210.25 | 1,018,485,939.35 | 1,029,478,474.54 | 0.00 | 0.00 | 0.00 | 0.00 |
| BORROWINGS | 1,872,529,067.84 | 1,932,074,675.59 | 2,264,160,050.93 | 0.00 | 0.00 | 0.00 | 0.00 |
| Local | 30,000,000.00 | 30,003,495.42 | 30,000,000.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign | 1,842,529,067.84 | 1,902,071,180.17 | 2,234,160,050.93 | 0.00 | 0.00 | 0.00 | 0.00 |
| OTHER
LIABILITIES | 97,932,784.34 | 102,225,519.63 | 80,857,276.05 | 0.00 | 0.00 | 0.00 | 0.00 |
| Local | 13,645,489.19 | 6,679,482.59 | 4,690,207.91 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign | 84,287,295.15 | 95,546,037.04 | 76,167,068.14 | 0.00 | 0.00 | 0.00 | 0.00 |
| STOCKHOLDERS´
EQUITY | 592,997,022.26 | 591,873,698.49 | 592,420,553.46 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital | 280,780,245.67 | 281,329,619.86 | 281,410,170.05 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital
Reserves | 95,210,153.67 | 95,210,153.67 | 95,210,153.67 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other
Reserves | -185,426.66 | -239,865.66 | -467,361.66 | 0.00 | 0.00 | 0.00 | 0.00 |
| Retained
Earnings | 190,897,408.07 | 190,897,408.07 | 190,897,408.07 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net
Income | 26,750,808.21 | 29,401,075.86 | 32,935,593.05 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gain
or Loss in
Securities available for sale | -456,166.70 | -4,724,693.31 | -7,565,409.72 | 0.00 | 0.00 | 0.00 | 0.00 |
| Subordinated
Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| LIABILITIES
AND STOCKHOLDER'S EQUITY | 3,944,199,038.95 | 4,059,216,381.12 | 4,303,459,999.19 | 0.00 | 0.00 | 0.00 | 0.00 |
| *
Includes only Panama - New York accounts. | | | | | | | |
| *Monetary
unit at par and equivalent with US$ dollars. | | | | | | | |
| This
is a free translation from Spanish original version, taken
from the
monthly publication of the Republica de Panamá | | | | | | | |
| Superintendencia
de Bancos (website:
http://www.superbancos.gob.pa). | | | | | | | |

| | October
1, 2007 | | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ● | STATEMENTS
OF INCOME * BANCO
LATINOAMERICANO DE EXPORTACIONES, S.A. JANUARY
- AUGUST 2007 | | | | | | | | |
| | (In
Balboas)** | | | | | | | | |
| Description | January | February | March | I
Quarter | April | May | June | II
Quarter | July |
| Interest
Income | 19,655,049.68 | 17,737,463.67 | 20,683,853.26 | 58,076,366.61 | 20,058,754.09 | 20,588,522.78 | 19,794,528.99 | 60,441,805.86 | 20,732,440.03 |
| Loans | 16,952,273.81 | 15,700,845.01 | 17,395,096.07 | 50,048,214.89 | 17,561,997.10 | 18,564,562.05 | 17,925,837.23 | 54,052,396.38 | 18,786,542.10 |
| Deposits | 868,382.96 | 769,848.68 | 996,685.10 | 2,634,916.74 | 930,193.10 | 947,201.26 | 960,774.98 | 2,838,169.34 | 1,006,987.43 |
| Investments | 1,834,392.91 | 1,266,769.98 | 2,292,072.09 | 5,393,234.98 | 1,566,563.89 | 1,076,759.47 | 907,916.78 | 3,551,240.14 | 938,910.50 |
| Interest
Expense | 14,530,876.98 | 12,967,599.32 | 15,468,817.28 | 42,967,293.58 | 15,028,135.92 | 15,439,705.90 | 14,664,128.13 | 45,131,969.95 | 15,472,983.06 |
| Interest | 14,529,189.99 | 12,965,836.71 | 15,461,564.58 | 42,956,591.28 | 15,022,210.56 | 15,433,623.24 | 14,661,042.64 | 45,116,876.44 | 15,455,164.59 |
| Commissions | 1,686.99 | 1,762.61 | 7,252.70 | 10,702.30 | 5,925.36 | 6,082.66 | 3,085.49 | 15,093.51 | 17,818.47 |
| Net
Interest Income | 5,124,172.70 | 4,769,864.35 | 5,215,035.98 | 15,109,073.03 | 5,030,618.17 | 5,148,816.88 | 5,130,400.86 | 15,309,835.91 | 5,259,456.97 |
| Other
Income | 3,252,247.96 | 263,977.66 | -5,382.34 | 3,510,843.28 | 3,971,172.09 | 721,461.97 | 29,892.44 | 4,722,526.50 | 185,405.00 |
| Commissions | 532,215.31 | 345,294.45 | 369,807.89 | 1,247,317.65 | 339,094.38 | 465,924.72 | 548,985.88 | 1,354,004.98 | 452,907.06 |
| Foreign
currency
operations | -31,867.58 | -61,017.34 | 101,256.36 | 8,371.44 | -27,051.00 | 13,600.37 | -27,484.49 | -40,935.12 | -22,866.71 |
| Other
Income | 2,751,900.23 | -20,299.45 | -476,446.59 | 2,255,154.19 | 3,659,128.71 | 241,936.88 | -491,608.95 | 3,409,456.64 | -244,635.35 |
| Operating
Income | 8,376,420.66 | 5,033,842.01 | 5,209,653.64 | 18,619,916.31 | 9,001,790.26 | 5,870,278.85 | 5,160,293.30 | 20,032,362.41 | 5,444,861.97 |
| Operating
Expenses | 2,251,267.03 | 2,191,933.98 | -3,851,437.28 | 591,763.73 | 1,827,221.74 | 2,413,083.70 | -4,519,727.26 | -279,421.82 | 2,794,594.32 |
| Administrative
expenses | 1,389,320.94 | 1,152,761.57 | 1,378,644.88 | 3,920,727.39 | 876,276.06 | 1,379,731.65 | 2,133,608.72 | 4,389,616.43 | 1,403,245.40 |
| General
expenses | 230,861.37 | 393,847.95 | 424,127.86 | 1,048,837.18 | 423,230.11 | 511,507.00 | 415,011.34 | 1,349,748.45 | 881,574.41 |
| Depreciation | 228,406.64 | 164,173.56 | 213,327.01 | 605,907.21 | 202,702.28 | 199,719.24 | 214,359.49 | 616,781.01 | 176,484.52 |
| Other
expenses | 402,678.08 | 481,150.90 | -5,867,537.03 | -4,983,708.05 | 325,013.29 | 322,125.81 | -7,282,706.81 | -6,635,567.71 | 333,289.99 |
| Net
Income before provision for loan losses | 6,125,153.63 | 2,841,908.03 | 9,061,090.92 | 18,028,152.58 | 7,174,568.52 | 3,457,195.15 | 9,680,020.56 | 20,311,784.23 | 2,650,267.65 |
| Provision
for loan
losses | 0.00 | 0.00 | 5,354,115.61 | 5,354,115.61 | 0.00 | 0.00 | 6,235,012.99 | 6,235,012.99 | 0.00 |
| Net
Income | 6,125,153.63 | 2,841,908.03 | 3,706,975.31 | 12,674,036.97 | 7,174,568.52 | 3,457,195.15 | 3,445,007.57 | 14,076,771.24 | 2,650,267.65 |

| | October
1, 2007 | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ● | STATEMENTS
OF INCOME * BANCO
LATINOAMERICANO DE EXPORTACIONES, S.A. JANUARY
- AUGUST 2007 | | | | | | | |
| | (In
Balboas)** | | | | | | | |
| Description | August | September | III
Quarter | October | November | December | IV
Quarter | Year
to date |
| Interest
Income | 23,291,729.77 | 0.00 | 44,024,169.80 | 0.00 | 0.00 | 0.00 | 0.00 | 162,542,342.27 |
| Loans | 19,800,525.97 | 0.00 | 38,587,068.07 | 0.00 | 0.00 | 0.00 | 0.00 | 142,687,679.34 |
| Deposits | 1,216,478.78 | 0.00 | 2,223,466.21 | 0.00 | 0.00 | 0.00 | 0.00 | 7,696,552.29 |
| Investments | 2,274,725.02 | 0.00 | 3,213,635.52 | 0.00 | 0.00 | 0.00 | 0.00 | 12,158,110.64 |
| Interest
Expense | 17,563,471.24 | 0.00 | 33,036,454.30 | 0.00 | 0.00 | 0.00 | 0.00 | 121,135,717.83 |
| Interest | 17,557,775.67 | 0.00 | 33,012,940.26 | 0.00 | 0.00 | 0.00 | 0.00 | 121,086,407.98 |
| Commissions | 5,695.57 | 0.00 | 23,514.04 | 0.00 | 0.00 | 0.00 | 0.00 | 49,309.85 |
| Net
Interest Income | 5,728,258.53 | 0.00 | 10,987,715.50 | 0.00 | 0.00 | 0.00 | 0.00 | 41,406,624.44 |
| Other
Income | 246,831.66 | 0.00 | 432,236.66 | 0.00 | 0.00 | 0.00 | 0.00 | 8,665,606.44 |
| Commissions | 370,131.65 | 0.00 | 823,038.71 | 0.00 | 0.00 | 0.00 | 0.00 | 3,424,361.34 |
| Foreign
currency
operations | -26,519.09 | 0.00 | -49,385.80 | 0.00 | 0.00 | 0.00 | 0.00 | -81,949.48 |
| Other
Income | -96,780.90 | 0.00 | -341,416.25 | 0.00 | 0.00 | 0.00 | 0.00 | 5,323,194.58 |
| Operating
Income | 5,975,090.19 | 0.00 | 11,419,952.16 | 0.00 | 0.00 | 0.00 | 0.00 | 50,072,230.88 |
| Operating
Expenses | 2,440,573.00 | 0.00 | 5,235,167.32 | 0.00 | 0.00 | 0.00 | 0.00 | 5,547,509.23 |
| Administrative
expenses | 1,361,234.98 | 0.00 | 2,764,480.38 | 0.00 | 0.00 | 0.00 | 0.00 | 11,074,824.20 |
| General
expenses | 535,317.02 | 0.00 | 1,416,891.43 | 0.00 | 0.00 | 0.00 | 0.00 | 3,815,477.06 |
| Depreciation | 220,534.77 | 0.00 | 397,019.29 | 0.00 | 0.00 | 0.00 | 0.00 | 1,619,707.51 |
| Other
expenses | 323,486.23 | 0.00 | 656,776.22 | 0.00 | 0.00 | 0.00 | 0.00 | -10,962,499.54 |
| Net
Income before provision for loan losses | 3,534,517.19 | 0.00 | 6,184,784.84 | 0.00 | 0.00 | 0.00 | 0.00 | 44,524,721.65 |
| Provision
for loan
losses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11,589,128.60 |
| Net
Income | 3,534,517.19 | 0.00 | 6,184,784.84 | 0.00 | 0.00 | 0.00 | 0.00 | 32,935,593.05 |

| *
Includes only Panama - New York accounts. |
| --- |
| **
Monetary unit at par and equivalent with US$ dollars. |
| This
is a free translation from Spanish original version,
taken from the
monthly publication of the Republica de Panamá |
| Superintendencia
de Bancos (website:
http://www.superbancos.gob.pa). |