FOREIGN TRADE BANK OF LATIN AMERICA, INC.

Foreign Filer Report • Apr 4, 2008

6-K 1 v109724_6-k.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 April, 2008

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.

| April
4, 2008 |
| --- |
| Banco Latinoamericano de
Exportaciones, S.A. |
| By:
/s/ Pedro Toll Name:
Pedro Toll Title:
Deputy Manager |

BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE DE SITUACIÓN DE DICIEMBRE 2007 Y ENERO 2008 (En Balboas) 11 de Marzo de 2008

Descripción	Absoluta %	Diciembre	Enero	Febrero	Marzo	Abril
ACTIVOS
LIQUIDOS	-107,273,032.24	-26.73	401,327,785.63	294,054,753.39	0.00	0.00	0.00
Depositos
Locales en Bancos	-52,128.97	-18.24	285,754.54	233,625.57	0.00	0.00	0.00
A
la
Vista	-52,128.97	-18.24	285,754.54	233,625.57	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	-107,219,350.93	-26.74	401,036,339.06	293,816,988.13	0.00	0.00	0.00
A
la
Vista	4,780,649.07	332.84	1,436,339.06	6,216,988.13	0.00	0.00	0.00
A
Plazo	-112,000,000.00	-28.03	399,600,000.00	287,600,000.00	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	-1,552.34	-27.27	5,692.03	4,139.69	0.00	0.00	0.00
CARTERA
CREDITICIA	-113,223,194.57	-3.09	3,662,194,693.87	3,548,971,499.30	0.00	0.00	0.00
Locales	7,110,110.74	2.82	252,482,566.49	259,592,677.23	0.00	0.00	0.00
Extranjero	-120,095,017.16	-3.45	3,479,355,318.34	3,359,260,301.18	0.00	0.00	0.00
Menos
Provisiones	238,288.15	0.34	69,643,190.96	69,881,479.11	0.00	0.00	0.00
Locales	0.00	0.00	1,540,276.12	1,540,276.12	0.00	0.00	0.00
Extranjero	238,288.15	0.35	68,102,914.84	68,341,202.99	0.00	0.00	0.00
INVERSIONES
EN VALORES	145,618,470.40	25.31	575,308,868.73	720,927,339.13	0.00	0.00	0.00
Locales	415,200.00	0.58	72,196,000.00	72,611,200.00	0.00	0.00	0.00
Extranjero	145,203,270.40	28.86	503,112,868.73	648,316,139.13	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	16,649,993.02	18.30	90,997,568.39	107,647,561.41	0.00	0.00	0.00
Locales	-498,397.48	-11.66	4,274,653.41	3,776,255.93	0.00	0.00	0.00
Extranjero	17,148,390.50	19.77	86,722,914.98	103,871,305.48	0.00	0.00	0.00
TOTAL
DE ACTIVOS	-58,227,763.39	-1.23	4,729,828,916.62	4,671,601,153.23	0.00	0.00	0.00
DEPOSITOS	-202,006,718.06	-13.35	1,513,041,264.21	1,311,034,546.15	0.00	0.00	0.00
Locales	-6,762,119.32	-3.00	225,714,906.79	218,952,787.47	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	-6,762,119.32	-3.00	225,714,906.79	218,952,787.47	0.00	0.00	0.00
A
la
Vista	-858,193.54	-3.66	23,441,831.87	22,583,638.33	0.00	0.00	0.00
A
Plazo	-5,903,925.78	-2.92	202,273,074.92	196,369,149.14	0.00	0.00	0.00
Extranjero	-195,244,598.74	-15.17	1,287,326,357.42	1,092,081,758.68	0.00	0.00	0.00
Oficiales	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De
Particulares	9,830,830.72	23.61	41,644,075.95	51,474,906.67	0.00	0.00	0.00
A
la
Vista	10,830.72	0.74	1,464,075.95	1,474,906.67	0.00	0.00	0.00
A
Plazo	9,820,000.00	24.44	40,180,000.00	50,000,000.00	0.00	0.00	0.00
De
Ahorros	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De
Bancos	-205,075,429.46	-16.46	1,245,682,281.47	1,040,606,852.01	0.00	0.00	0.00
A
la
Vista	7,079,977.52	8.14	86,987,929.72	94,067,907.24	0.00	0.00	0.00
A
Plazo	-212,155,406.98	-18.31	1,158,694,351.75	946,538,944.77	0.00	0.00	0.00
OBLIGACIONES	131,337,361.91	5.22	2,515,025,514.04	2,646,362,875.95	0.00	0.00	0.00
Locales	0.00	0.00	40,000,000.00	40,000,000.00	0.00	0.00	0.00
Extranjero	131,337,361.91	5.31	2,475,025,514.04	2,606,362,875.95	0.00	0.00	0.00
OTROS
PASIVOS	21,463,464.40	19.35	110,901,341.95	132,364,806.35	0.00	0.00	0.00
Locales	-661,846.38	-12.19	5,431,130.73	4,769,284.35	0.00	0.00	0.00
Extranjero	22,125,310.78	20.98	105,470,211.22	127,595,522.00	0.00	0.00	0.00
PATRIMONIO	-9,021,871.59	-1.53	590,860,796.45	581,838,924.86	0.00	0.00	0.00
Capital	-503,869.18	-0.18	281,921,877.06	281,418,007.88	0.00	0.00	0.00
Reservas
de Capital	0.00	0.00	95,210,153.67	95,210,153.67	0.00	0.00	0.00
Otras
Reservas	-1,982,738.00	98.66	-2,009,630.66	-3,992,368.66	0.00	0.00	0.00
Utilidad
de Periodos Anteriores	48,412,422.56	27.68	174,894,542.39	223,306,964.95	0.00	0.00	0.00
Utilidad
de Periodo	-43,681,166.71	-90.11	48,474,828.75	4,793,662.04	0.00	0.00	0.00
Ganancia
o Perdida en Valores Disponible para la venta	-11,266,520.26	147.64	-7,630,974.76	-18,897,495.02	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	-58,227,763.34	-1.23	4,729,828,916.65	4,671,601,153.31	0.00	0.00	0.00

BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE DE SITUACIÓN DE DICIEMBRE 2007 Y ENERO 2008 (En Balboas) 11 de Marzo de 2008

Descripción	2008 — Mayo	Junio	Julio	Agosto	Septiembre	Octubre	Noviembre	Diciembre
ACTIVOS
LIQUIDOS	0.00	0.00	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	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
Depositos
Extranjeros en Bancos	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
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	0.00	0.00	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	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
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
INVERSIONES
EN VALORES	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
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	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
TOTAL
DE ACTIVOS	0.00	0.00	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	0.00	0.00
Locales	0.00	0.00	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	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	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
Extranjero	0.00	0.00	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	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	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
OBLIGACIONES	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
PASIVOS	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
PATRIMONIO	0.00	0.00	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	0.00	0.00
Reservas
de Capital	0.00	0.00	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	0.00	0.00
Utilidad
de Periodos Anteriores	0.00	0.00	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	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	0.00	0.00
Deuda
Subordinada	0.00	0.00	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	0.00	0.00

ESTADO DE RESULTADO BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. ENERO - DICIEMBRE 2008 (En Balboas) 11 de Marzo de 2008

| Descripcion — Ingresos
Por Intereses | 23,820,708.96 | 0.00 | 0.00 | 23,820,708.96 | 0.00 | 0.00 | 0.00 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Préstamos | 19,873,381.83 | 0.00 | 0.00 | 19,873,381.83 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depósitos | 963,411.63 | 0.00 | 0.00 | 963,411.63 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inversiones | 2,983,915.50 | 0.00 | 0.00 | 2,983,915.50 | 0.00 | 0.00 | 0.00 | 0.00 |
| Egresos
de Operaciones | 17,086,045.88 | 0.00 | 0.00 | 17,086,045.88 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intereses
Pagados | 17,082,770.67 | 0.00 | 0.00 | 17,082,770.67 | 0.00 | 0.00 | 0.00 | 0.00 |
| Comisiones | 3,275.21 | 0.00 | 0.00 | 3,275.21 | 0.00 | 0.00 | 0.00 | 0.00 |
| Ingreso
Neto de Intereses | 6,734,663.08 | 0.00 | 0.00 | 6,734,663.08 | 0.00 | 0.00 | 0.00 | 0.00 |
| Otros
Ingresos | 341,795.80 | 0.00 | 0.00 | 341,795.80 | 0.00 | 0.00 | 0.00 | 0.00 |
| Comisiones | 541,754.03 | 0.00 | 0.00 | 541,754.03 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operaciones
con Divisas | -75.15 | 0.00 | 0.00 | -75.15 | 0.00 | 0.00 | 0.00 | 0.00 |
| Otros
ingresos | -199,883.08 | 0.00 | 0.00 | -199,883.08 | 0.00 | 0.00 | 0.00 | 0.00 |
| Ingresos
de Operaciones | 7,076,458.88 | 0.00 | 0.00 | 7,076,458.88 | 0.00 | 0.00 | 0.00 | 0.00 |
| Egresos
Generales | 2,282,796.84 | 0.00 | 0.00 | 2,282,796.84 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gastos
Administrativos | 1,326,096.44 | 0.00 | 0.00 | 1,326,096.44 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gastos
Generales | 285,612.41 | 0.00 | 0.00 | 285,612.41 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gastos
de Depreciación | 217,222.95 | 0.00 | 0.00 | 217,222.95 | 0.00 | 0.00 | 0.00 | 0.00 |
| Otros
Gastos | 453,865.04 | 0.00 | 0.00 | 453,865.04 | 0.00 | 0.00 | 0.00 | 0.00 |
| Utilidad
antes de Provisiones | 4,793,662.04 | 0.00 | 0.00 | 4,793,662.04 | 0.00 | 0.00 | 0.00 | 0.00 |
| Provisiones
por Cuentas Malas | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Utilidad
del Periodo | 4,793,662.04 | 0.00 | 0.00 | 4,793,662.04 | 0.00 | 0.00 | 0.00 | 0.00 |

ESTADO DE RESULTADO BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. ENERO - DICIEMBRE 2008 (En Balboas) 11 de Marzo de 2008

| Descripcion — Ingresos
Por Intereses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 23,820,708.96 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Préstamos | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 19,873,381.83 |
| Depósitos | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 963,411.63 |
| Inversiones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,983,915.50 |
| Egresos
de Operaciones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 17,086,045.88 |
| Intereses
Pagados | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 17,082,770.67 |
| Comisiones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3,275.21 |
| Ingreso
Neto de Intereses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6,734,663.08 |
| Otros
Ingresos | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 341,795.80 |
| Comisiones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 541,754.03 |
| Operaciones
con Divisas | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -75.15 |
| Otros
ingresos | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -199,883.08 |
| Ingresos
de Operaciones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7,076,458.88 |
| Egresos
Generales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,282,796.84 |
| Gastos
Administrativos | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,326,096.44 |
| Gastos
Generales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 285,612.41 |
| Gastos
de Depreciación | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 217,222.95 |
| Otros
Gastos | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 453,865.04 |
| Utilidad
antes de Provisiones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4,793,662.04 |
| Provisiones
por Cuentas Malas | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Utilidad
del Periodo | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4,793,662.04 |

BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE SHEETS DECEMBER 2007 AND JANUARY 2008 (In Balboas)* March 11, 2008

Description	Absolute %	December	January	February	March	April
LIQUID
ASSETS	-107,273,032.24	-26.73	401,327,785.63	294,054,753.39	0.00	0.00	0.00
Local
Deposits in Banks	-52,128.97	-18.24	285,754.54	233,625.57	0.00	0.00	0.00
Demand	-52,128.97	-18.24	285,754.54	233,625.57	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	-107,219,350.93	-26.74	401,036,339.06	293,816,988.13	0.00	0.00	0.00
Demand	4,780,649.07	332.84	1,436,339.06	6,216,988.13	0.00	0.00	0.00
Time	-112,000,000.00	-28.03	399,600,000.00	287,600,000.00	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	-1,552.34	-27.27	5,692.03	4,139.69	0.00	0.00	0.00
CREDIT
PORTFOLIO	-113,223,194.57	-3.09	3,662,194,693.87	3,548,971,499.30	0.00	0.00	0.00
Local	7,110,110.74	2.82	252,482,566.49	259,592,677.23	0.00	0.00	0.00
Foreign	-120,095,017.16	-3.45	3,479,355,318.34	3,359,260,301.18	0.00	0.00	0.00
Less
Allowance	238,288.15	0.34	69,643,190.96	69,881,479.11	0.00	0.00	0.00
Local	0.00	0.00	1,540,276.12	1,540,276.12	0.00	0.00	0.00
Foreign	238,288.15	0.35	68,102,914.84	68,341,202.99	0.00	0.00	0.00
INVESTMENT
SECURITIES	145,618,470.40	25.31	575,308,868.73	720,927,339.13	0.00	0.00	0.00
Local	415,200.00	0.58	72,196,000.00	72,611,200.00	0.00	0.00	0.00
Foreign	145,203,270.40	28.86	503,112,868.73	648,316,139.13	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	16,649,993.02	18.30	90,997,568.39	107,647,561.41	0.00	0.00	0.00
Local	-498,397.48	-11.66	4,274,653.41	3,776,255.93	0.00	0.00	0.00
Foreign	17,148,390.50	19.77	86,722,914.98	103,871,305.48	0.00	0.00	0.00
TOTAL
ASSETS	-58,227,763.39	-1.23	4,729,828,916.62	4,671,601,153.23	0.00	0.00	0.00
DEPOSITS	-202,006,718.06	-13.35	1,513,041,264.21	1,311,034,546.15	0.00	0.00	0.00
Local	-6,762,119.32	-3.00	225,714,906.79	218,952,787.47	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	-6,762,119.32	-3.00	225,714,906.79	218,952,787.47	0.00	0.00	0.00
Demand	-858,193.54	-3.66	23,441,831.87	22,583,638.33	0.00	0.00	0.00
Time	-5,903,925.78	-2.92	202,273,074.92	196,369,149.14	0.00	0.00	0.00
Foreign	-195,244,598.74	-15.17	1,287,326,357.42	1,092,081,758.68	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Customers	9,830,830.72	23.61	41,644,075.95	51,474,906.67	0.00	0.00	0.00
Demand	10,830.72	0.74	1,464,075.95	1,474,906.67	0.00	0.00	0.00
Time	9,820,000.00	24.44	40,180,000.00	50,000,000.00	0.00	0.00	0.00
Savings	0.00	0.00	0.00	0.00	0.00	0.00	0.00
From
Banks	-205,075,429.46	-16.46	1,245,682,281.47	1,040,606,852.01	0.00	0.00	0.00
Demand	7,079,977.52	8.14	86,987,929.72	94,067,907.24	0.00	0.00	0.00
Time	-212,155,406.98	-18.31	1,158,694,351.75	946,538,944.77	0.00	0.00	0.00
BORROWINGS	131,337,361.91	5.22	2,515,025,514.04	2,646,362,875.95	0.00	0.00	0.00
Local	0.00	0.00	40,000,000.00	40,000,000.00	0.00	0.00	0.00
Foreign	131,337,361.91	5.31	2,475,025,514.04	2,606,362,875.95	0.00	0.00	0.00
OTHER
LIABILITIES	21,463,464.40	19.35	110,901,341.95	132,364,806.35	0.00	0.00	0.00
Local	-661,846.38	-12.19	5,431,130.73	4,769,284.35	0.00	0.00	0.00
Foreign	22,125,310.78	20.98	105,470,211.22	127,595,522.00	0.00	0.00	0.00
STOCKHOLDERS´
EQUITY	-9,021,871.59	-1.53	590,860,796.45	581,838,924.86	0.00	0.00	0.00
Capital	-503,869.18	-0.18	281,921,877.06	281,418,007.88	0.00	0.00	0.00
Capital
Reserves	0.00	0.00	95,210,153.67	95,210,153.67	0.00	0.00	0.00
Other
Reserves	-1,982,738.00	98.66	-2,009,630.66	-3,992,368.66	0.00	0.00	0.00
Retained
Earnings	48,412,422.56	27.68	174,894,542.39	223,306,964.95	0.00	0.00	0.00
Net
Income	-43,681,166.71	-90.11	48,474,828.75	4,793,662.04	0.00	0.00	0.00
Gain
or Loss in Securities available for sale	-11,266,520.26	147.64	-7,630,974.76	-18,897,495.02	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	-58,227,763.34	-1.23	4,729,828,916.65	4,671,601,153.31	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).

BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE SHEETS DECEMBER 2007 AND JANUARY 2008 (In Balboas)* March 11, 2008

Description	2008 — May	June	July	August	September	October	November	December
LIQUID
ASSETS	0.00	0.00	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	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
Foreign
Deposits in Banks	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
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	0.00	0.00	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	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
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
INVESTMENT
SECURITIES	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
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	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
TOTAL
ASSETS	0.00	0.00	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	0.00	0.00
Local	0.00	0.00	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	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	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
Foreign	0.00	0.00	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	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	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
BORROWINGS	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
LIABILITIES	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
STOCKHOLDERS´
EQUITY	0.00	0.00	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	0.00	0.00
Capital
Reserves	0.00	0.00	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	0.00	0.00
Retained
Earnings	0.00	0.00	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	0.00	0.00
Gain
or Loss in Securities available for sale	0.00	0.00	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	0.00	0.00
LIABILITIES
AND STOCKHOLDER'S EQUITY	0.00	0.00	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 - DECEMBER 2008 (In Balboas)** March 11, 2008

| Description — Interest
Income | 23,820,708.96 | 0.00 | 0.00 | 23,820,708.96 | 0.00 | 0.00 | 0.00 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Loans | 19,873,381.83 | 0.00 | 0.00 | 19,873,381.83 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deposits | 963,411.63 | 0.00 | 0.00 | 963,411.63 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2,983,915.50 | 0.00 | 0.00 | 2,983,915.50 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest
Expense | 17,086,045.88 | 0.00 | 0.00 | 17,086,045.88 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 17,082,770.67 | 0.00 | 0.00 | 17,082,770.67 | 0.00 | 0.00 | 0.00 | 0.00 |
| Commissions | 3,275.21 | 0.00 | 0.00 | 3,275.21 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net
Interest Income | 6,734,663.08 | 0.00 | 0.00 | 6,734,663.08 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other
Income | 341,795.80 | 0.00 | 0.00 | 341,795.80 | 0.00 | 0.00 | 0.00 | 0.00 |
| Commissions | 541,754.03 | 0.00 | 0.00 | 541,754.03 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign
currency operations | -75.15 | 0.00 | 0.00 | -75.15 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other
Income | -199,883.08 | 0.00 | 0.00 | -199,883.08 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating
Income | 7,076,458.88 | 0.00 | 0.00 | 7,076,458.88 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating
Expenses | 2,282,796.84 | 0.00 | 0.00 | 2,282,796.84 | 0.00 | 0.00 | 0.00 | 0.00 |
| Administrative
expenses | 1,326,096.44 | 0.00 | 0.00 | 1,326,096.44 | 0.00 | 0.00 | 0.00 | 0.00 |
| General
expenses | 285,612.41 | 0.00 | 0.00 | 285,612.41 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 217,222.95 | 0.00 | 0.00 | 217,222.95 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other
expenses | 453,865.04 | 0.00 | 0.00 | 453,865.04 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net
Income before provision for loan losses | 4,793,662.04 | 0.00 | 0.00 | 4,793,662.04 | 0.00 | 0.00 | 0.00 | 0.00 |
| Provision
for loan losses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net
Income | 4,793,662.04 | 0.00 | 0.00 | 4,793,662.04 | 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 - DECEMBER 2008 (In Balboas)** March 11, 2008

| Description — Interest
Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 23,820,708.96 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 19,873,381.83 |
| Deposits | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 963,411.63 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,983,915.50 |
| Interest
Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 17,086,045.88 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 17,082,770.67 |
| Commissions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3,275.21 |
| Net
Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6,734,663.08 |
| Other
Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 341,795.80 |
| Commissions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 541,754.03 |
| Foreign
currency operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -75.15 |
| Other
Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -199,883.08 |
| Operating
Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7,076,458.88 |
| Operating
Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,282,796.84 |
| Administrative
expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,326,096.44 |
| General
expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 285,612.41 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 217,222.95 |
| Other
expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 453,865.04 |
| Net
Income before provision for loan losses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4,793,662.04 |
| Provision
for loan losses | 0.00 | 0.00 | 0.00 | 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 | 0.00 | 0.00 | 4,793,662.04 |

• 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).