FOREIGN TRADE BANK OF LATIN AMERICA, INC.

Foreign Filer Report • Aug 24, 2007

6-K 1 v086145_6k.htm Unassociated Document Licensed to: vf Document Created using EDGARizer HTML 3.0.4.0 Copyright 2006 EDGARfilings, Ltd., an IEC company. All rights reserved EDGARfilings.com

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 August, 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.

| /s/ Pedro
Toll |
| --- |
| Name:
Pedro Toll Title:
Deputy Manager |

BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE DE SITUACION DE DICIEMBRE 2006 Y ENERO - JUNIO 2007 (En Balboas) 26 de Julio de 2007

Descripción	Absoluta	%	2006 — Diciembre	2007 — Enero	Febrero	Marzo	Abril	Mayo	Junio
ACTIVOS LIQUIDOS	-72,743,810.09	-23.96	303,650,422.83	216,202,094.20	242,982,598.61	229,046,233.80	122,698,746.25	208,986,133.47	230,906,612.74
Depositos Locales en Bancos	75,483.66	43.41	173,891.04	171,541.89	211,225.69	198,143.77	164,062.71	162,204.31	249,374.70
A la Vista	75,483.66	43.41	173,891.04	171,541.89	211,225.69	198,143.77	164,062.71	162,204.31	249,374.70
A Plazo	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depositos Extranjeros en Bancos	-72,817,100.97	-24.00	303,465,330.82	216,015,706.64	242,755,699.36	228,836,963.32	122,369,664.85	208,813,623.54	230,648,229.85
A la Vista	13,282,899.03	297.47	4,465,330.82	2,715,706.64	1,255,699.36	30,836,963.32	1,769,664.85	1,313,623.54	17,748,229.85
A Plazo	-86,100,000.00	-28.80	299,000,000.00	213,300,000.00	241,500,000.00	198,000,000.00	120,600,000.00	207,500,000.00	212,900,000.00
Menos Provisiones	0.00	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	0.00
Extranjero	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Otros	-2,192.78	-19.58	11,200.97	14,845.67	15,673.56	11,126.71	165,018.69	10,305.62	9,008.19
CARTERA CREDITICIA	416,812,241.46	14.23	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	3,346,318,289.23
Locales	-37,569,764.99	-19.38	193,815,776.27	190,803,578.31	185,116,953.31	158,897,133.10	141,613,868.24	150,123,300.86	156,246,011.28
Extranjero	472,090,814.23	16.94	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	3,259,046,607.73
Menos Provisiones	17,708,807.78	34.54	51,265,522.00	51,261,174.35	51,261,154.35	56,612,904.95	56,612,904.95	56,581,642.55	68,974,329.78
Locales	-111,111.36	-12.19	911,727.70	911,727.70	911,727.70	811,234.26	811,234.26	779,971.86	800,616.34
Extranjero	17,819,919.14	35.39	50,353,794.30	50,349,446.65	50,349,426.65	55,801,670.69	55,801,670.69	55,801,670.69	68,173,713.44
INVERSIONES EN VALORES	-302,363,296.62	-52.34	577,658,363.67	391,817,270.05	380,907,417.40	632,092,664.10	307,221,604.46	298,088,861.31	275,295,067.05
Locales	-115,000.00	-0.58	19,922,400.00	19,804,200.00	20,027,600.00	20,085,000.00	20,043,400.00	19,836,600.00	19,807,400.00
Extranjero	-302,248,296.62	-54.19	557,735,963.67	372,013,070.05	360,879,817.40	612,007,664.10	287,178,204.46	278,252,261.31	255,487,667.05
Menos Provisiones	0.00	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	0.00
Extranjero	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OTROS ACTIVOS	-25,788,061.04	-21.91	117,717,130.43	116,329,379.94	97,215,886.49	78,834,911.65	68,502,497.68	70,730,858.41	91,929,069.39
Locales	-10,573,829.42	-60.03	17,614,809.32	20,511,965.87	10,276,743.98	5,315,339.04	5,574,415.85	2,523,285.04	7,040,979.90
Extranjero	-15,214,231.62	-15.20	100,102,321.11	95,817,414.07	86,939,142.51	73,519,572.61	62,928,081.83	68,207,573.37	84,888,089.49
TOTAL DE ACTIVOS	15,917,073.71	0.41	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	3,944,449,038.41
DEPOSITOS	324,066,081.09	30.67	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	1,380,740,164.51
Locales	126,474,608.66	90.00	140,528,292.38	151,114,593.65	149,223,722.63	188,400,415.96	195,234,364.45	209,426,258.81	267,002,901.04
Oficiales	0.00	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	0.00
A la Vista	0.00	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	0.00
De Ahorros	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De Bancos	126,474,608.66	90.00	140,528,292.38	151,114,593.65	149,223,722.63	188,400,415.96	195,234,364.45	209,426,258.81	267,002,901.04
A la Vista	5,811,446.49	46.90	12,390,382.81	9,751,662.28	13,366,002.78	10,542,777.13	9,856,408.16	7,495,530.19	18,201,829.30
A Plazo	120,663,162.17	94.17	128,137,909.57	141,362,931.37	135,857,719.85	177,857,638.83	185,377,956.29	201,930,728.62	248,801,071.74
Extranjero	197,591,472.43	21.57	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	1,113,737,263.47
Oficiales	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De Particulares	64,805,341.58	171.24	37,843,681.20	98,076,330.45	99,415,948.70	100,671,771.92	102,886,296.40	101,494,940.09	102,649,022.78
A la Vista	2,905,341.58	144.10	2,016,181.20	2,248,830.45	1,738,448.70	1,744,271.92	2,258,796.40	3,867,440.09	4,921,522.78
A Plazo	61,900,000.00	172.77	35,827,500.00	95,827,500.00	97,677,500.00	98,927,500.00	100,627,500.00	97,627,500.00	97,727,500.00
De Ahorros	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De Bancos	132,786,130.85	15.12	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	1,011,088,240.69
A la Vista	-32,208,009.39	-27.27	118,120,039.83	82,782,206.23	95,490,878.75	90,198,396.99	44,057,196.58	91,161,295.26	85,912,030.44
A Plazo	164,994,140.24	21.70	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	925,176,210.25
OBLIGACIONES	-283,868,111.62	-13.16	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	1,872,529,067.84
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	30,000,000.00
Extranjero	-283,868,111.62	-13.35	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	1,842,529,067.84
OTROS PASIVOS	-31,908,071.37	-24.57	129,840,855.71	120,909,042.64	102,899,898.91	86,564,035.26	74,537,253.46	73,908,965.33	97,932,784.34
Locales	-10,766,030.18	-44.10	24,411,519.37	11,702,379.03	10,338,688.73	8,310,708.32	5,536,711.21	6,037,289.13	13,645,489.19
Extranjero	-21,142,041.19	-20.05	105,429,336.34	109,206,663.61	92,561,210.18	78,253,326.94	69,000,542.25	67,871,676.20	84,287,295.15
PATRIMONIO	7,627,175.65	1.30	585,619,846.11	588,844,442.19	591,435,818.14	589,567,626.62	594,987,803.98	598,889,933.12	593,247,021.76
Capital	622,972.20	0.22	280,157,273.47	280,212,949.00	280,263,236.58	280,318,912.11	280,393,029.99	280,682,393.61	280,780,245.67
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	95,210,153.67
Otras Reservas	-112,922.07	155.74	-72,504.59	68,218.00	22,274.00	-58,735.00	-76,326.00	-163,652.00	-185,426.66
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	190,897,408.07
Utilidad de Periodo	-27,719,262.41	-50.66	54,720,070.12	6,125,153.63	8,967,061.66	12,674,036.97	19,848,605.49	23,305,800.64	27,000,807.71
Ganancia o Perdida en Valores Disponible para la venta	-3,856,903.21	-113.41	3,400,736.51	218,785.22	48,909.56	2,491,471.89	680,553.85	923,450.22	-456,166.70
Deuda Subordinada	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PASIVO Y PATRIMONIO	15,917,073.75	0.41	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	3,944,449,038.45

Descripción	2007 — Julio	Agosto	Septiembre	Octubre	Noviembre	Diciembre
ACTIVOS LIQUIDOS	0.00	0.00	0.00	0.00	0.00	0.00
Depositos Locales en Bancos	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
A Plazo	0.00	0.00	0.00	0.00	0.00	0.00
Depositos Extranjeros en Bancos	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
A Plazo	0.00	0.00	0.00	0.00	0.00	0.00
Menos Provisiones	0.00	0.00	0.00	0.00	0.00	0.00
Locales	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
Otros	0.00	0.00	0.00	0.00	0.00	0.00
CARTERA CREDITICIA	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
Extranjero	0.00	0.00	0.00	0.00	0.00	0.00
Menos Provisiones	0.00	0.00	0.00	0.00	0.00	0.00
Locales	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
INVERSIONES EN VALORES	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
Extranjero	0.00	0.00	0.00	0.00	0.00	0.00
Menos Provisiones	0.00	0.00	0.00	0.00	0.00	0.00
Locales	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
OTROS ACTIVOS	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
Extranjero	0.00	0.00	0.00	0.00	0.00	0.00
TOTAL DE ACTIVOS	0.00	0.00	0.00	0.00	0.00	0.00
DEPOSITOS	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
Oficiales	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
A la Vista	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
De Ahorros	0.00	0.00	0.00	0.00	0.00	0.00
De Bancos	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
A Plazo	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
Oficiales	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
A la Vista	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
De Ahorros	0.00	0.00	0.00	0.00	0.00	0.00
De Bancos	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
A Plazo	0.00	0.00	0.00	0.00	0.00	0.00
OBLIGACIONES	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
Extranjero	0.00	0.00	0.00	0.00	0.00	0.00
OTROS PASIVOS	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
Extranjero	0.00	0.00	0.00	0.00	0.00	0.00
PATRIMONIO	0.00	0.00	0.00	0.00	0.00	0.00
Capital	0.00	0.00	0.00	0.00	0.00	0.00
Reservas de Capital	0.00	0.00	0.00	0.00	0.00	0.00
Otras Reservas	0.00	0.00	0.00	0.00	0.00	0.00
Utilidad de Periodos Anteriores	0.00	0.00	0.00	0.00	0.00	0.00
Utilidad de Periodo	0.00	0.00	0.00	0.00	0.00	0.00
Ganancia o Perdida en Valores Disponible para la venta	0.00	0.00	0.00	0.00	0.00	0.00
Deuda Subordinada	0.00	0.00	0.00	0.00	0.00	0.00
PASIVO Y PATRIMONIO	0.00	0.00	0.00	0.00	0.00	0.00

ESTADO DE RESULTADO BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. ENERO - JUNIO 2007 (En Balboas) 26 de Julio de 2007

| Descripción | Enero | Febrero | Marzo | Trimestre
I | Abril | Mayo | Junio | Trimestre
II |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| Otros
Ingresos | 3,252,247.96 | 263,977.66 | -5,382.34 | 3,510,843.28 | 3,971,172.09 | 721,461.97 | 279,891.94 | 4,972,526.00 |
| 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 |
| 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 |
| Otros
ingresos | 2,751,900.23 | -20,299.45 | -476,446.59 | 2,255,154.19 | 3,659,128.71 | 241,936.88 | -241,609.45 | 3,659,456.14 |
| 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 | 5,410,292.80 | 20,282,361.91 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 | 9,930,020.06 | 20,561,783.73 |
| 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 |
| 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 | 3,695,007.07 | 14,326,770.74 |

| Descripción | Julio | Agosto | Septiembre | Trimestre
III | Octubre | Noviembre | Diciembre | Trimestre
IV | Acumulado
Anual |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Ingresos
Por Intereses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 118,518,172.47 |
| Préstamos | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 104,100,611.27 |
| Depósitos | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5,473,086.08 |
| Inversiones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8,944,475.12 |
| Egresos
de Operaciones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 88,099,263.53 |
| Intereses
Pagados | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 88,073,467.72 |
| Comisiones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 25,795.81 |
| Ingreso
Neto de Intereses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 30,418,908.94 |
| Otros
Ingresos | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8,483,369.28 |
| Comisiones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,601,322.63 |
| Operaciones
con Divisas | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -32,563.68 |
| Otros
ingresos | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5,914,610.33 |
| Ingresos
de Operaciones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 38,902,278.22 |
| Egresos
Generales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 312,341.91 |
| Gastos
Administrativos | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8,310,343.82 |
| Gastos
Generales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,398,585.63 |
| Gastos
de Depreciación | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,222,688.22 |
| Otros
Gastos | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -11,619,275.76 |
| Utilidad
antes de Provisiones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 38,589,936.31 |
| Provisiones
por Cuentas Malas | 0.00 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27,000,807.71 |

BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE SHEETS DECEMBER 2006 AND JANUARY - JUNE 2007 (In Balboas)* July 26, 2007

Description	Absolute	%	2006 — December	2007 — January	February	March	April	May	June
LIQUID
ASSETS	-72,743,810.09	-23.96	303,650,422.83	216,202,094.20	242,982,598.61	229,046,233.80	122,698,746.25	208,986,133.47	230,906,612.74
Local
Deposits in
Banks	75,483.66	43.41	173,891.04	171,541.89	211,225.69	198,143.77	164,062.71	162,204.31	249,374.70
Demand	75,483.66	43.41	173,891.04	171,541.89	211,225.69	198,143.77	164,062.71	162,204.31	249,374.70
Time	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Foreign
Deposits in
Banks	-72,817,100.97	-24.00	303,465,330.82	216,015,706.64	242,755,699.36	228,836,963.32	122,369,664.85	208,813,623.54	230,648,229.85
Demand	13,282,899.03	297.47	4,465,330.82	2,715,706.64	1,255,699.36	30,836,963.32	1,769,664.85	1,313,623.54	17,748,229.85
Time	-86,100,000.00	-28.80	299,000,000.00	213,300,000.00	241,500,000.00	198,000,000.00	120,600,000.00	207,500,000.00	212,900,000.00
Less
Allowance	0.00	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	0.00
Foreign	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Others	-2,192.78	-19.58	11,200.97	14,845.67	15,673.56	11,126.71	165,018.69	10,305.62	9,008.19
CREDIT
PORTFOLIO	416,812,241.46	14.23	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	3,346,318,289.23
Local	-37,569,764.99	-19.38	193,815,776.27	190,803,578.31	185,116,953.31	158,897,133.10	141,613,868.24	150,123,300.86	156,246,011.28
Foreign	472,090,814.23	16.94	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	3,259,046,607.73
Less
Allowance	17,708,807.78	34.54	51,265,522.00	51,261,174.35	51,261,154.35	56,612,904.95	56,612,904.95	56,581,642.55	68,974,329.78
Local	-111,111.36	-12.19	911,727.70	911,727.70	911,727.70	811,234.26	811,234.26	779,971.86	800,616.34
Foreign	17,819,919.14	35.39	50,353,794.30	50,349,446.65	50,349,426.65	55,801,670.69	55,801,670.69	55,801,670.69	68,173,713.44
INVESTMENT
SECURITIES	-302,363,296.62	-52.34	577,658,363.67	391,817,270.05	380,907,417.40	632,092,664.10	307,221,604.46	298,088,861.31	275,295,067.05
Local	-115,000.00	-0.58	19,922,400.00	19,804,200.00	20,027,600.00	20,085,000.00	20,043,400.00	19,836,600.00	19,807,400.00
Foreign	-302,248,296.62	-54.19	557,735,963.67	372,013,070.05	360,879,817.40	612,007,664.10	287,178,204.46	278,252,261.31	255,487,667.05
Less
Allowance	0.00	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	0.00
Foreign	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OTHER
ASSETS	-25,788,061.04	-21.91	117,717,130.43	116,329,379.94	97,215,886.49	78,834,911.65	68,502,497.68	70,730,858.41	91,929,069.39
Local	-10,573,829.42	-60.03	17,614,809.32	20,511,965.87	10,276,743.98	5,315,339.04	5,574,415.85	2,523,285.04	7,040,979.90
Foreign	-15,214,231.62	-15.20	100,102,321.11	95,817,414.07	86,939,142.51	73,519,572.61	62,928,081.83	68,207,573.37	84,888,089.49
TOTAL
ASSETS	15,917,073.71	0.41	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	3,944,449,038.41
DEPOSITS	324,066,081.09	30.67	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	1,380,740,164.51
Local	126,474,608.66	90.00	140,528,292.38	151,114,593.65	149,223,722.63	188,400,415.96	195,234,364.45	209,426,258.81	267,002,901.04
Government	0.00	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	0.00
Demand	0.00	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	0.00
Savings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
From
Banks	126,474,608.66	90.00	140,528,292.38	151,114,593.65	149,223,722.63	188,400,415.96	195,234,364.45	209,426,258.81	267,002,901.04
Demand	5,811,446.49	46.90	12,390,382.81	9,751,662.28	13,366,002.78	10,542,777.13	9,856,408.16	7,495,530.19	18,201,829.30
Time	120,663,162.17	94.17	128,137,909.57	141,362,931.37	135,857,719.85	177,857,638.83	185,377,956.29	201,930,728.62	248,801,071.74
Foreign	197,591,472.43	21.57	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	1,113,737,263.47
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Customers	64,805,341.58	171.24	37,843,681.20	98,076,330.45	99,415,948.70	100,671,771.92	102,886,296.40	101,494,940.09	102,649,022.78
Demand	2,905,341.58	144.10	2,016,181.20	2,248,830.45	1,738,448.70	1,744,271.92	2,258,796.40	3,867,440.09	4,921,522.78
Time	61,900,000.00	172.77	35,827,500.00	95,827,500.00	97,677,500.00	98,927,500.00	100,627,500.00	97,627,500.00	97,727,500.00
Savings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
From
Banks	132,786,130.85	15.12	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	1,011,088,240.69
Demand	-32,208,009.39	-27.27	118,120,039.83	82,782,206.23	95,490,878.75	90,198,396.99	44,057,196.58	91,161,295.26	85,912,030.44
Time	164,994,140.24	21.70	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	925,176,210.25
BORROWINGS	-283,868,111.62	-13.16	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	1,872,529,067.84
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	30,000,000.00
Foreign	-283,868,111.62	-13.35	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	1,842,529,067.84
OTHER
LIABILITIES	-31,908,071.37	-24.57	129,840,855.71	120,909,042.64	102,899,898.91	86,564,035.26	74,537,253.46	73,908,965.33	97,932,784.34
Local	-10,766,030.18	-44.10	24,411,519.37	11,702,379.03	10,338,688.73	8,310,708.32	5,536,711.21	6,037,289.13	13,645,489.19
Foreign	-21,142,041.19	-20.05	105,429,336.34	109,206,663.61	92,561,210.18	78,253,326.94	69,000,542.25	67,871,676.20	84,287,295.15
STOCKHOLDERS´
EQUITY	7,627,175.65	1.30	585,619,846.11	588,844,442.19	591,435,818.14	589,567,626.62	594,987,803.98	598,889,933.12	593,247,021.76
Capital	622,972.20	0.22	280,157,273.47	280,212,949.00	280,263,236.58	280,318,912.11	280,393,029.99	280,682,393.61	280,780,245.67
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	95,210,153.67
Other
Reserves	-112,922.07	155.74	-72,504.59	68,218.00	22,274.00	-58,735.00	-76,326.00	-163,652.00	-185,426.66
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	190,897,408.07
Net
Income	-27,719,262.41	-50.66	54,720,070.12	6,125,153.63	8,967,061.66	12,674,036.97	19,848,605.49	23,305,800.64	27,000,807.71
Gain
or Loss in
Securities available for sale	-3,856,903.21	-113.41	3,400,736.51	218,785.22	48,909.56	2,491,471.89	680,553.85	923,450.22	-456,166.70
Subordinated
Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LIABILITIES
AND STOCKHOLDER'S EQUITY	15,917,073.75	0.41	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	3,944,449,038.45

Description	2007 — July	August	September	October	November	December
LIQUID
ASSETS	0.00	0.00	0.00	0.00	0.00	0.00
Local
Deposits in
Banks	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
Time	0.00	0.00	0.00	0.00	0.00	0.00
Foreign
Deposits in
Banks	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
Time	0.00	0.00	0.00	0.00	0.00	0.00
Less
Allowance	0.00	0.00	0.00	0.00	0.00	0.00
Local	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
Others	0.00	0.00	0.00	0.00	0.00	0.00
CREDIT
PORTFOLIO	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
Foreign	0.00	0.00	0.00	0.00	0.00	0.00
Less
Allowance	0.00	0.00	0.00	0.00	0.00	0.00
Local	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
INVESTMENT
SECURITIES	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
Foreign	0.00	0.00	0.00	0.00	0.00	0.00
Less
Allowance	0.00	0.00	0.00	0.00	0.00	0.00
Local	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
OTHER
ASSETS	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
Foreign	0.00	0.00	0.00	0.00	0.00	0.00
TOTAL
ASSETS	0.00	0.00	0.00	0.00	0.00	0.00
DEPOSITS	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
Government	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
Demand	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
Savings	0.00	0.00	0.00	0.00	0.00	0.00
From
Banks	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
Time	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
Government	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
Demand	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
Savings	0.00	0.00	0.00	0.00	0.00	0.00
From
Banks	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
Time	0.00	0.00	0.00	0.00	0.00	0.00
BORROWINGS	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
Foreign	0.00	0.00	0.00	0.00	0.00	0.00
OTHER
LIABILITIES	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
Foreign	0.00	0.00	0.00	0.00	0.00	0.00
STOCKHOLDERS´
EQUITY	0.00	0.00	0.00	0.00	0.00	0.00
Capital	0.00	0.00	0.00	0.00	0.00	0.00
Capital
Reserves	0.00	0.00	0.00	0.00	0.00	0.00
Other
Reserves	0.00	0.00	0.00	0.00	0.00	0.00
Retained
Earnings	0.00	0.00	0.00	0.00	0.00	0.00
Net
Income	0.00	0.00	0.00	0.00	0.00	0.00
Gain
or Loss in
Securities available for sale	0.00	0.00	0.00	0.00	0.00	0.00
Subordinated
Debt	0.00	0.00	0.00	0.00	0.00	0.00
LIABILITIES
AND STOCKHOLDER'S EQUITY	0.00	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 - JUNE 2007 (In Balboas)** July 26, 2007

Description	January	February	March	I Quarter	April	May	June	II Quarter
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
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
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
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
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
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
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
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
Other
Income	3,252,247.96	263,977.66	-5,382.34	3,510,843.28	3,971,172.09	721,461.97	279,891.94	4,972,526.00
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
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
Other
Income	2,751,900.23	-20,299.45	-476,446.59	2,255,154.19	3,659,128.71	241,936.88	-241,609.45	3,659,456.14
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	5,410,292.80	20,282,361.91
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
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
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
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
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
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	9,930,020.06	20,561,783.73
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
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	3,695,007.07	14,326,770.74

| Description | July | August | September | III Quarter | October | November | December | IV Quarter | Year
to date |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Interest
Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 118,518,172.47 |
| Loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 104,100,611.27 |
| Deposits | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5,473,086.08 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8,944,475.12 |
| Interest
Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 88,099,263.53 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 88,073,467.72 |
| Commissions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 25,795.81 |
| Net
Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 30,418,908.94 |
| Other
Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8,483,369.28 |
| Commissions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,601,322.63 |
| Foreign
currency
operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -32,563.68 |
| Other
Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5,914,610.33 |
| Operating
Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 38,902,278.22 |
| Operating
Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 312,341.91 |
| Administrative
expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8,310,343.82 |
| General
expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,398,585.63 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,222,688.22 |
| Other
expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -11,619,275.76 |
| Net
Income before provision for loan losses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 38,589,936.31 |
| Provision
for loan
losses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11,589,128.60 |
| Net
Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27,000,807.71 |

| *
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). |