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FOREIGN TRADE BANK OF LATIN AMERICA, INC.

Foreign Filer Report Sep 20, 2007

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6-K 1 v088168_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 September, 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 o

(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 o 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.

| September
20,
2007 | |
| --- | --- |
| Banco
Latinoamericano de Exportaciones, S.A. | |
| By: | /s/ Pedro
Toll |
| | Name:
Pedro Toll |
| | Title:
Deputy Manager |

BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE DE SITUACION DE DICIEMBRE 2006 Y ENERO - JULIO 2007 (En Balboas) 31 de Agosto de 2007

Descripción Absoluta % Diciembre Enero Febrero Marzo Abril Mayo
ACTIVOS
LIQUIDOS -78,399,065.02 -25.82 303,650,422.83 216,202,094.20 242,982,598.61 229,046,233.80 122,698,746.25 208,986,133.47
Depositos
Locales en Bancos 26,684.90 15.35 173,891.04 171,541.89 211,225.69 198,143.77 164,062.71 162,204.31
A
la Vista 26,684.90 15.35 173,891.04 171,541.89 211,225.69 198,143.77 164,062.71 162,204.31
A
Plazo 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depositos
Extranjeros en Bancos -78,418,619.20 -25.84 303,465,330.82 216,015,706.64 242,755,699.36 228,836,963.32 122,369,664.85 208,813,623.54
A
la Vista 2,381,380.80 53.33 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 -80,800,000.00 -27.02 299,000,000.00 213,300,000.00 241,500,000.00 198,000,000.00 120,600,000.00 207,500,000.00
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 -7,130.72 -63.66 11,200.97 14,845.67 15,673.56 11,126.71 165,018.69 10,305.62
CARTERA
CREDITICIA 470,007,046.04 16.04 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 -34,797,601.80 -17.95 193,815,776.27 190,803,578.31 185,116,953.31 158,897,133.10 141,613,868.24 150,123,300.86
Extranjero 522,619,226.23 18.75 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 17,814,578.39 34.75 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 17,925,689.75 35.60 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 -247,021,627.85 -42.76 577,658,363.67 391,817,270.05 380,907,417.40 632,092,664.10 307,221,604.46 298,088,861.31
Locales 87,400.00 0.44 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 -247,109,027.85 -44.31 557,735,963.67 372,013,070.05 360,879,817.40 612,007,664.10 287,178,204.46 278,252,261.31
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 -13,901,936.72 -11.81 117,717,130.43 116,329,379.94 97,215,886.49 78,834,911.65 68,502,497.68 70,730,858.41
Locales -16,300,249.12 -92.54 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 2,398,312.40 2.40 100,102,321.11 95,817,414.07 86,939,142.51 73,519,572.61 62,928,081.83 68,207,573.37
TOTAL
DE ACTIVOS 130,684,416.45 3.33 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 376,368,403.99 35.62 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 137,392,634.45 97.77 140,528,292.38 151,114,593.65 149,223,722.63 188,400,415.96 195,234,364.45 209,426,258.81
Oficiales 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
De
Particulares 0.00 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 0.00 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 137,392,634.45 97.77 140,528,292.38 151,114,593.65 149,223,722.63 188,400,415.96 195,234,364.45 209,426,258.81
A
la Vista 3,687,767.18 29.76 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 133,704,867.27 104.34 128,137,909.57 141,362,931.37 135,857,719.85 177,857,638.83 185,377,956.29 201,930,728.62
Extranjero 238,975,769.54 26.08 916,145,791.04 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 30,105,229.27 79.55 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 4,032,729.27 200.02 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 26,072,500.00 72.77 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 208,870,540.27 23.78 878,302,109.84 920,187,301.75 974,065,560.44 1,091,070,688.34 985,439,476.11 975,187,831.66
A
la Vista -49,433,329.07 -41.85 118,120,039.83 82,782,206.23 95,490,878.75 90,198,396.99 44,057,196.58 91,161,295.26
A
Plazo 258,303,869.34 33.98 760,182,070.01 837,405,095.52 878,574,681.69 1,000,872,291.35 941,382,279.53 884,026,536.40
OBLIGACIONES -224,322,503.87 -10.40 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 3,495.42 0.01 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 -224,325,999.29 -10.55 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 -27,615,336.08 -21.27 129,840,855.71 120,909,042.64 102,899,898.91 86,564,035.26 74,537,253.46 73,908,965.33
Locales -17,732,036.78 -72.64 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 -9,883,299.30 -9.37 105,429,336.34 109,206,663.61 92,561,210.18 78,253,326.94 69,000,542.25 67,871,676.20
PATRIMONIO 6,253,852.38 1.07 585,619,846.11 588,844,442.19 591,435,818.14 589,567,626.62 594,987,803.98 598,889,933.12
Capital 1,172,346.39 0.42 280,157,273.47 280,212,949.00 280,263,236.58 280,318,912.11 280,393,029.99 280,682,393.61
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 -167,361.07 230.83 -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 -25,318,994.26 -46.27 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 -8,125,429.82 -238.93 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 130,684,416.42 3.33 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

BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE DE SITUACION DE DICIEMBRE 2006 Y ENERO - JULIO 2007 (En Balboas) 31 de Agosto de 2007

Descripción 2007 — Junio Julio Agosto Septiembre Octubre Noviembre Diciembre
ACTIVOS
LIQUIDOS 230,906,612.74 225,251,357.81 0.00 0.00 0.00 0.00 0.00
Depositos
Locales en Bancos 249,374.70 200,575.94 0.00 0.00 0.00 0.00 0.00
A
la Vista 249,374.70 200,575.94 0.00 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 0.00 0.00 0.00 0.00 0.00
A
la Vista 17,748,229.85 6,846,711.62 0.00 0.00 0.00 0.00 0.00
A
Plazo 212,900,000.00 218,200,000.00 0.00 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 0.00 0.00 0.00 0.00 0.00
CARTERA
CREDITICIA 3,346,318,289.23 3,399,513,093.81 0.00 0.00 0.00 0.00 0.00
Locales 156,246,011.28 159,018,174.47 0.00 0.00 0.00 0.00 0.00
Extranjero 3,259,046,607.73 3,309,575,019.73 0.00 0.00 0.00 0.00 0.00
Menos
Provisiones 68,974,329.78 69,080,100.39 0.00 0.00 0.00 0.00 0.00
Locales 800,616.34 800,616.34 0.00 0.00 0.00 0.00 0.00
Extranjero 68,173,713.44 68,279,484.05 0.00 0.00 0.00 0.00 0.00
INVERSIONES
EN VALORES 275,295,067.05 330,636,735.82 0.00 0.00 0.00 0.00 0.00
Locales 19,807,400.00 20,009,800.00 0.00 0.00 0.00 0.00 0.00
Extranjero 255,487,667.05 310,626,935.82 0.00 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
ACTIVOS 91,679,069.89 103,815,193.71 0.00 0.00 0.00 0.00 0.00
Locales 7,040,979.90 1,314,560.20 0.00 0.00 0.00 0.00 0.00
Extranjero 84,638,089.99 102,500,633.51 0.00 0.00 0.00 0.00 0.00
TOTAL
DE ACTIVOS 3,944,199,038.91 4,059,216,381.15 0.00 0.00 0.00 0.00 0.00
DEPOSITOS 1,380,740,164.51 1,433,042,487.41 0.00 0.00 0.00 0.00 0.00
Locales 267,002,901.04 277,920,926.83 0.00 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 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
A
Plazo 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
De
Bancos 267,002,901.04 277,920,926.83 0.00 0.00 0.00 0.00 0.00
A
la Vista 18,201,829.30 16,078,149.99 0.00 0.00 0.00 0.00 0.00
A
Plazo 248,801,071.74 261,842,776.84 0.00 0.00 0.00 0.00 0.00
Extranjero 1,113,737,263.47 1,155,121,560.58 0.00 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 0.00 0.00 0.00 0.00 0.00
A
la Vista 4,921,522.78 6,048,910.47 0.00 0.00 0.00 0.00 0.00
A
Plazo 67,727,500.00 61,900,000.00 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
De
Bancos 1,041,088,240.69 1,087,172,650.11 0.00 0.00 0.00 0.00 0.00
A
la Vista 85,912,030.44 68,686,710.76 0.00 0.00 0.00 0.00 0.00
A
Plazo 955,176,210.25 1,018,485,939.35 0.00 0.00 0.00 0.00 0.00
OBLIGACIONES 1,872,529,067.84 1,932,074,675.59 0.00 0.00 0.00 0.00 0.00
Locales 30,000,000.00 30,003,495.42 0.00 0.00 0.00 0.00 0.00
Extranjero 1,842,529,067.84 1,902,071,180.17 0.00 0.00 0.00 0.00 0.00
OTROS
PASIVOS 97,932,784.34 102,225,519.63 0.00 0.00 0.00 0.00 0.00
Locales 13,645,489.19 6,679,482.59 0.00 0.00 0.00 0.00 0.00
Extranjero 84,287,295.15 95,546,037.04 0.00 0.00 0.00 0.00 0.00
PATRIMONIO 592,997,022.26 591,873,698.49 0.00 0.00 0.00 0.00 0.00
Capital 280,780,245.67 281,329,619.86 0.00 0.00 0.00 0.00 0.00
Reservas
de Capital 95,210,153.67 95,210,153.67 0.00 0.00 0.00 0.00 0.00
Otras
Reservas -185,426.66 -239,865.66 0.00 0.00 0.00 0.00 0.00
Utilidad
de Periodos Anteriores 190,897,408.07 190,897,408.07 0.00 0.00 0.00 0.00 0.00
Utilidad
de Periodo 26,750,808.21 29,401,075.86 0.00 0.00 0.00 0.00 0.00
Ganancia
o Perdida en Valores Disponible para la venta -456,166.70 -4,724,693.31 0.00 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 0.00 0.00 0.00 0.00 0.00

ESTADO DE RESULTADO BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. ENERO - JULIO 2007 (En Balboas) 31 de Agosto de 2007

| Descripción — 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 |

| Descripción — Ingresos
Por Intereses | 0.00 | 0.00 | 20,732,440.03 | 0.00 | 0.00 | 0.00 | 0.00 | 139,250,612.50 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Préstamos | 0.00 | 0.00 | 18,786,542.10 | 0.00 | 0.00 | 0.00 | 0.00 | 122,887,153.37 |
| Depósitos | 0.00 | 0.00 | 1,006,987.43 | 0.00 | 0.00 | 0.00 | 0.00 | 6,480,073.51 |
| Inversiones | 0.00 | 0.00 | 938,910.50 | 0.00 | 0.00 | 0.00 | 0.00 | 9,883,385.62 |
| Egresos
de Operaciones | 0.00 | 0.00 | 15,472,983.06 | 0.00 | 0.00 | 0.00 | 0.00 | 103,572,246.59 |
| Intereses
Pagados | 0.00 | 0.00 | 15,455,164.59 | 0.00 | 0.00 | 0.00 | 0.00 | 103,528,632.31 |
| Comisiones | 0.00 | 0.00 | 17,818.47 | 0.00 | 0.00 | 0.00 | 0.00 | 43,614.28 |
| Ingreso
Neto de Intereses | 0.00 | 0.00 | 5,259,456.97 | 0.00 | 0.00 | 0.00 | 0.00 | 35,678,365.91 |
| Otros
Ingresos | 0.00 | 0.00 | 185,405.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8,418,774.78 |
| Comisiones | 0.00 | 0.00 | 452,907.06 | 0.00 | 0.00 | 0.00 | 0.00 | 3,054,229.69 |
| Operaciones
con Divisas | 0.00 | 0.00 | -22,866.71 | 0.00 | 0.00 | 0.00 | 0.00 | -55,430.39 |
| Otros
ingresos | 0.00 | 0.00 | -244,635.35 | 0.00 | 0.00 | 0.00 | 0.00 | 5,419,975.48 |
| Ingresos
de Operaciones | 0.00 | 0.00 | 5,444,861.97 | 0.00 | 0.00 | 0.00 | 0.00 | 44,097,140.69 |
| Egresos
Generales | 0.00 | 0.00 | 2,794,594.32 | 0.00 | 0.00 | 0.00 | 0.00 | 3,106,936.23 |
| Gastos
Administrativos | 0.00 | 0.00 | 1,403,245.40 | 0.00 | 0.00 | 0.00 | 0.00 | 9,713,589.22 |
| Gastos
Generales | 0.00 | 0.00 | 881,574.41 | 0.00 | 0.00 | 0.00 | 0.00 | 3,280,160.04 |
| Gastos
de Depreciación | 0.00 | 0.00 | 176,484.52 | 0.00 | 0.00 | 0.00 | 0.00 | 1,399,172.74 |
| Otros
Gastos | 0.00 | 0.00 | 333,289.99 | 0.00 | 0.00 | 0.00 | 0.00 | -11,285,985.77 |
| Utilidad
antes de Provisiones | 0.00 | 0.00 | 2,650,267.65 | 0.00 | 0.00 | 0.00 | 0.00 | 40,990,204.46 |
| 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 | 0.00 | 0.00 | 2,650,267.65 | 0.00 | 0.00 | 0.00 | 0.00 | 29,401,075.86 |

BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE SHEETS DECEMBER 2006 AND JANUARY - JULY 2007 (In Balboas)* August 31, 2007

Description Absolute % December January February March April May
LIQUID
ASSETS -78,399,065.02 -25.82 303,650,422.83 216,202,094.20 242,982,598.61 229,046,233.80 122,698,746.25 208,986,133.47
Local
Deposits in Banks 26,684.90 15.35 173,891.04 171,541.89 211,225.69 198,143.77 164,062.71 162,204.31
Demand 26,684.90 15.35 173,891.04 171,541.89 211,225.69 198,143.77 164,062.71 162,204.31
Time 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Foreign
Depostis in Banks -78,418,619.20 -25.84 303,465,330.82 216,015,706.64 242,755,699.36 228,836,963.32 122,369,664.85 208,813,623.54
Demand 2,381,380.80 53.33 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 -80,800,000.00 -27.02 299,000,000.00 213,300,000.00 241,500,000.00 198,000,000.00 120,600,000.00 207,500,000.00
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 -7,130.72 -63.66 11,200.97 14,845.67 15,673.56 11,126.71 165,018.69 10,305.62
CREDIT
PORTFOLIO 470,007,046.04 16.04 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 -34,797,601.80 -17.95 193,815,776.27 190,803,578.31 185,116,953.31 158,897,133.10 141,613,868.24 150,123,300.86
Foreign 522,619,226.23 18.75 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 17,814,578.39 34.75 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 17,925,689.75 35.60 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 -247,021,627.85 -42.76 577,658,363.67 391,817,270.05 380,907,417.40 632,092,664.10 307,221,604.46 298,088,861.31
Local 87,400.00 0.44 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 -247,109,027.85 -44.31 557,735,963.67 372,013,070.05 360,879,817.40 612,007,664.10 287,178,204.46 278,252,261.31
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 -13,901,936.72 -11.81 117,717,130.43 116,329,379.94 97,215,886.49 78,834,911.65 68,502,497.68 70,730,858.41
Local -16,300,249.12 -92.54 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 2,398,312.40 2.40 100,102,321.11 95,817,414.07 86,939,142.51 73,519,572.61 62,928,081.83 68,207,573.37
TOTAL ASSETS 130,684,416.45 3.33 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 376,368,403.99 35.62 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 137,392,634.45 97.77 140,528,292.38 151,114,593.65 149,223,722.63 188,400,415.96 195,234,364.45 209,426,258.81
Government 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Customers 0.00 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 0.00 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 137,392,634.45 97.77 140,528,292.38 151,114,593.65 149,223,722.63 188,400,415.96 195,234,364.45 209,426,258.81
Demand 3,687,767.18 29.76 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 133,704,867.27 104.34 128,137,909.57 141,362,931.37 135,857,719.85 177,857,638.83 185,377,956.29 201,930,728.62
Foreign 238,975,769.54 26.08 916,145,791.04 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 30,105,229.27 79.55 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 4,032,729.27 200.02 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 26,072,500.00 72.77 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 208,870,540.27 23.78 878,302,109.84 920,187,301.75 974,065,560.44 1,091,070,688.34 985,439,476.11 975,187,831.66
Demand -49,433,329.07 -41.85 118,120,039.83 82,782,206.23 95,490,878.75 90,198,396.99 44,057,196.58 91,161,295.26
Time 258,303,869.34 33.98 760,182,070.01 837,405,095.52 878,574,681.69 1,000,872,291.35 941,382,279.53 884,026,536.40
BORROWINGS -224,322,503.87 -10.40 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 3,495.42 0.01 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 -224,325,999.29 -10.55 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 -27,615,336.08 -21.27 129,840,855.71 120,909,042.64 102,899,898.91 86,564,035.26 74,537,253.46 73,908,965.33
Local -17,732,036.78 -72.64 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 -9,883,299.30 -9.37 105,429,336.34 109,206,663.61 92,561,210.18 78,253,326.94 69,000,542.25 67,871,676.20
STOCKHOLDERS'
EQUITY 6,253,852.38 1.07 585,619,846.11 588,844,442.19 591,435,818.14 589,567,626.62 594,987,803.98 598,889,933.12
Capital 1,172,346.39 0.42 280,157,273.47 280,212,949.00 280,263,236.58 280,318,912.11 280,393,029.99 280,682,393.61
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 -167,361.07 230.83 -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 -25,318,994.26 -46.27 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 -8,125,429.82 -238.93 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 130,684,416.42 3.33 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

BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE SHEETS DECEMBER 2006 AND JANUARY - JULY 2007 (In Balboas)* August 31, 2007

Description 2007 — June July August September October November December
LIQUID
ASSETS 230,906,612.74 225,251,357.81 0.00 0.00 0.00 0.00 0.00
Local
Deposits in Banks 249,374.70 200,575.94 0.00 0.00 0.00 0.00 0.00
Demand 249,374.70 200,575.94 0.00 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 0.00 0.00 0.00 0.00 0.00
Demand 17,748,229.85 6,846,711.62 0.00 0.00 0.00 0.00 0.00
Time 212,900,000.00 218,200,000.00 0.00 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 0.00 0.00 0.00 0.00 0.00
CREDIT
PORTFOLIO 3,346,318,289.23 3,399,513,093.81 0.00 0.00 0.00 0.00 0.00
Local 156,246,011.28 159,018,174.47 0.00 0.00 0.00 0.00 0.00
Foreign 3,259,046,607.73 3,309,575,019.73 0.00 0.00 0.00 0.00 0.00
Less
Allowance 68,974,329.78 69,080,100.39 0.00 0.00 0.00 0.00 0.00
Local 800,616.34 800,616.34 0.00 0.00 0.00 0.00 0.00
Foreign 68,173,713.44 68,279,484.05 0.00 0.00 0.00 0.00 0.00
INVESTMENT
SECURITIES 275,295,067.05 330,636,735.82 0.00 0.00 0.00 0.00 0.00
Local 19,807,400.00 20,009,800.00 0.00 0.00 0.00 0.00 0.00
Foreign 255,487,667.05 310,626,935.82 0.00 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
OTHER
ASSETS 91,679,069.89 103,815,193.71 0.00 0.00 0.00 0.00 0.00
Local 7,040,979.90 1,314,560.20 0.00 0.00 0.00 0.00 0.00
Foreign 84,638,089.99 102,500,633.51 0.00 0.00 0.00 0.00 0.00
TOTAL
ASSETS 3,944,199,038.91 4,059,216,381.15 0.00 0.00 0.00 0.00 0.00
DEPOSITS 1,380,740,164.51 1,433,042,487.41 0.00 0.00 0.00 0.00 0.00
Local 267,002,901.04 277,920,926.83 0.00 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 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
Time 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
From Banks 267,002,901.04 277,920,926.83 0.00 0.00 0.00 0.00 0.00
Demand 18,201,829.30 16,078,149.99 0.00 0.00 0.00 0.00 0.00
Time 248,801,071.74 261,842,776.84 0.00 0.00 0.00 0.00 0.00
Foreign 1,113,737,263.47 1,155,121,560.58 0.00 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 0.00 0.00 0.00 0.00 0.00
Demand 4,921,522.78 6,048,910.47 0.00 0.00 0.00 0.00 0.00
Time 67,727,500.00 61,900,000.00 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
From Banks 1,041,088,240.69 1,087,172,650.11 0.00 0.00 0.00 0.00 0.00
Demand 85,912,030.44 68,686,710.76 0.00 0.00 0.00 0.00 0.00
Time 955,176,210.25 1,018,485,939.35 0.00 0.00 0.00 0.00 0.00
BORROWINGS 1,872,529,067.84 1,932,074,675.59 0.00 0.00 0.00 0.00 0.00
Local 30,000,000.00 30,003,495.42 0.00 0.00 0.00 0.00 0.00
Foreign 1,842,529,067.84 1,902,071,180.17 0.00 0.00 0.00 0.00 0.00
OTHER
LIABILITIES 97,932,784.34 102,225,519.63 0.00 0.00 0.00 0.00 0.00
Local 13,645,489.19 6,679,482.59 0.00 0.00 0.00 0.00 0.00
Foreign 84,287,295.15 95,546,037.04 0.00 0.00 0.00 0.00 0.00
STOCKHOLDERS'
EQUITY 592,997,022.26 591,873,698.49 0.00 0.00 0.00 0.00 0.00
Capital 280,780,245.67 281,329,619.86 0.00 0.00 0.00 0.00 0.00
Capital
Reserves 95,210,153.67 95,210,153.67 0.00 0.00 0.00 0.00 0.00
Other Reserves -185,426.66 -239,865.66 0.00 0.00 0.00 0.00 0.00
Retained
Earnings 190,897,408.07 190,897,408.07 0.00 0.00 0.00 0.00 0.00
Net
Income 26,750,808.21 29,401,075.86 0.00 0.00 0.00 0.00 0.00
Gain
or Loss in Securities available for sale -456,166.70 -4,724,693.31 0.00 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 0.00 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).

STATEMENTS OF INCOME * BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. JANUARY - JULY 2007 (In Balboas)** August 31, 2007

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
Description — Interest Income 0.00 0.00 20,732,440.03 0.00 0.00 0.00 0.00 139,250,612.50
Loans 0.00 0.00 18,786,542.10 0.00 0.00 0.00 0.00 122,887,153.37
Deposits 0.00 0.00 1,006,987.43 0.00 0.00 0.00 0.00 6,480,073.51
Investments 0.00 0.00 938,910.50 0.00 0.00 0.00 0.00 9,883,385.62
Interest Expense 0.00 0.00 15,472,983.06 0.00 0.00 0.00 0.00 103,572,246.59
Interest 0.00 0.00 15,455,164.59 0.00 0.00 0.00 0.00 103,528,632.31
Commissions 0.00 0.00 17,818.47 0.00 0.00 0.00 0.00 43,614.28
Net Interest Income 0.00 0.00 5,259,456.97 0.00 0.00 0.00 0.00 35,678,365.91
Other Income 0.00 0.00 185,405.00 0.00 0.00 0.00 0.00 8,418,774.78
Commissions 0.00 0.00 452,907.06 0.00 0.00 0.00 0.00 3,054,229.69
Foreign currency operations 0.00 0.00 -22,866.71 0.00 0.00 0.00 0.00 -55,430.39
Other Income 0.00 0.00 -244,635.35 0.00 0.00 0.00 0.00 5,419,975.48
Operating Income 0.00 0.00 5,444,861.97 0.00 0.00 0.00 0.00 44,097,140.69
Operating Expenses 0.00 0.00 2,794,594.32 0.00 0.00 0.00 0.00 3,106,936.23
Administrative expenses 0.00 0.00 1,403,245.40 0.00 0.00 0.00 0.00 9,713,589.22
General expenses 0.00 0.00 881,574.41 0.00 0.00 0.00 0.00 3,280,160.04
Depreciation 0.00 0.00 176,484.52 0.00 0.00 0.00 0.00 1,399,172.74
Other expenses 0.00 0.00 333,289.99 0.00 0.00 0.00 0.00 -11,285,985.77
Net Income before provision for loan losses 0.00 0.00 2,650,267.65 0.00 0.00 0.00 0.00 40,990,204.46
Provision for loan losses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11,589,128.60
Net Income 0.00 0.00 2,650,267.65 0.00 0.00 0.00 0.00 29,401,075.86

| *
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). |

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