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FOREIGN TRADE BANK OF LATIN AMERICA, INC.

Foreign Filer Report Jul 31, 2009

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6-K 1 v156120_6k.htm Licensed to: Vintage Filings Document Created using EDGARizer 4.0.6.4 Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

For the month of July, 2009

BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.

(Exact name of Registrant as specified in its Charter)

FOREIGN TRADE BANK OF LATIN AMERICA, INC.

(Translation of Registrant’s name into English)

Calle 50 y Aquilino de la Guardia

P.O. Box 0819-08730

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.

July 31, 2009

| FOREIGN
TRADE BANK OF LATIN AMERICA, INC. |
| --- |
| By:
/s/ Pedro Toll |
| Name:
Pedro Toll |
| Title: General
Manager |

Nota: Los datos de esta información no son consolidados y excluyen la data de Bladex Asset Management Inc., Bladex Holdings Inc., Clavex S.A., Bladex Offshore Feeder Fund y Bladex Representacao Ltda.

31 de julio de 2009

BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE DE SITUACIÓN DE DICIEMBRE 2008 Y MAYO 2009 (En Balboas) *

Descripción Absoluta % Diciembre Enero Febrero Marzo Abril
ACTIVOS
LIQUIDOS -301,520,314.66 -33.49 900,408,387.46 717,808,031.28 665,592,478.18 605,053,408.84 714,371,384.83
Depositos
Locales en Bancos 28,275.89 23.63 119,678.71 266,933.91 166,228.99 130,796.55 112,519.31
A la
Vista 28,275.89 23.63 119,678.71 266,933.91 166,228.99 130,796.55 112,519.31
A
Plazo 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depositos
Extranjeros en Bancos -301,548,342.42 -33.49 900,280,189.52 717,408,834.01 665,420,617.82 604,911,611.35 714,248,175.75
A la
Vista -456,548,342.42 -75.43 605,280,189.52 443,408,834.01 299,420,617.82 244,911,611.35 304,248,175.75
A
Plazo 155,000,000.00 52.54 295,000,000.00 274,000,000.00 366,000,000.00 360,000,000.00 410,000,000.00
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 -248.13 -2.91 8,519.23 132,263.36 5,631.37 11,000.94 10,689.77
CARTERA
CREDITICIA -126,206,124.50 -4.92 2,563,995,557.03 2,625,259,226.06 2,574,391,867.97 2,542,991,544.55 2,467,291,611.82
Locales 10,089,779.80 6.89 146,426,161.11 173,845,131.64 162,779,663.97 176,122,935.24 169,884,836.48
Extranjero -110,364,349.91 -4.46 2,472,217,297.78 2,506,098,077.87 2,466,369,654.50 2,447,443,976.64 2,377,980,871.89
Menos
Provisiones 25,931,554.39 47.45 54,647,901.86 54,683,983.45 54,757,450.50 80,575,367.33 80,574,096.55
Locales 2,437,353.64 123.29 1,976,899.07 1,976,899.07 1,976,899.07 4,414,252.71 4,414,252.71
Extranjero 23,494,200.75 44.61 52,671,002.79 52,707,084.38 52,780,551.43 76,161,114.62 76,159,843.84
INVERSIONES
EN VALORES 88,932,685.75 11.28 788,240,705.29 765,500,339.63 734,731,700.59 856,516,453.83 865,946,982.61
Locales 8,127,085.26 9.51 85,418,314.23 86,488,314.23 85,982,128.43 90,117,500.00 92,097,500.00
Extranjero 80,805,600.49 11.50 702,822,391.06 679,012,025.40 648,749,572.16 766,398,953.83 773,849,482.61
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 -13,316,757.50 -18.98 70,168,089.80 61,211,751.15 62,248,402.29 53,503,328.21 56,411,130.59
Locales -5,656,727.32 -45.26 12,497,285.64 7,648,698.17 9,131,122.10 6,008,575.50 6,775,089.32
Extranjero -7,660,030.18 -13.28 57,670,804.16 53,563,052.98 53,117,280.19 47,494,752.71 49,636,041.27
TOTAL
DE ACTIVOS -352,110,510.91 -8.15 4,322,812,739.58 4,169,779,348.12 4,036,964,449.03 4,058,064,735.43 4,104,021,109.85
DEPOSITOS -49,686,935.07 -4.25 1,169,705,848.32 1,194,733,108.43 1,217,741,248.70 1,216,766,442.16 1,147,397,707.70
Locales -22,451,298.93 -32.40 69,284,763.22 71,361,388.44 93,151,832.86 83,715,903.77 88,792,169.93
Oficiales 0.00 0.00 0.00 0.00 0.00 0.00 0.00
De
Particulares -10,000,000.00 -100.00 10,000,000.00 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 -10,000,000.00 -100.00 10,000,000.00 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 -12,451,298.93 -21.00 59,284,763.22 71,361,388.44 93,151,832.86 83,715,903.77 88,792,169.93
A la
Vista -1,657,479.86 -85.02 1,949,582.22 1,811,078.40 1,998,473.25 256,698.83 300,735.28
A
Plazo -10,793,819.07 -18.83 57,335,181.00 69,550,310.04 91,153,359.61 83,459,204.94 88,491,434.65
Extranjero -27,235,636.14 -2.48 1,100,421,085.10 1,123,371,719.99 1,124,589,415.84 1,133,050,538.39 1,058,605,537.77
Oficiales 0.00 0.00 0.00 0.00 0.00 0.00 0.00
De
Particulares 15,585,334.01 258.03 6,040,084.86 2,039,059.60 2,082,474.99 5,319,493.77 28,779,906.58
A la
Vista 41,328.45 2.69 1,535,090.42 1,534,684.60 1,578,099.99 1,815,118.77 3,779,906.58
A
Plazo 15,544,005.56 345.04 4,504,994.44 504,375.00 504,375.00 3,504,375.00 25,000,000.00
De
Ahorros 0.00 0.00 0.00 0.00 0.00 0.00 0.00
De
Bancos -42,820,970.15 -3.91 1,094,381,000.24 1,121,332,660.39 1,122,506,940.85 1,127,731,044.62 1,029,825,631.19
A la
Vista -43,695,662.14 -39.65 110,194,972.25 78,005,924.10 91,304,980.79 53,766,988.66 44,229,767.30
A
Plazo 874,691.99 0.09 984,186,027.99 1,043,326,736.29 1,031,201,960.06 1,073,964,055.96 985,595,863.89
OBLIGACIONES -284,681,232.72 -11.71 2,432,030,377.24 2,229,666,397.91 2,104,626,539.11 2,167,251,487.27 2,260,963,042.20
Locales -20,100,000.00 -100.00 20,100,000.00 16,900,000.00 11,800,000.00 0.00 0.00
Extranjero -264,581,232.72 -10.97 2,411,930,377.24 2,212,766,397.91 2,092,826,539.11 2,167,251,487.27 2,260,963,042.20
OTROS
PASIVOS -78,763,917.72 -42.33 186,090,509.36 185,549,413.63 157,691,719.82 121,266,171.66 117,074,330.21
Locales -11,256,282.10 -77.08 14,602,722.51 14,526,998.13 3,523,167.99 8,040,512.59 8,556,100.60
Extranjero -67,507,635.62 -39.37 171,487,786.85 171,022,415.50 154,168,551.83 113,225,659.07 108,518,229.61
PATRIMONIO 61,021,574.65 11.41 534,986,004.71 559,830,428.20 556,904,941.40 552,780,634.19 578,586,029.03
Capital 1,437,413.67 0.51 282,794,414.74 282,906,856.00 283,012,670.14 283,151,067.79 283,285,001.00
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
Otras
Reservas 3,513,330.26 -58.90 -5,964,753.66 -4,633,080.66 -3,334,858.66 -44,198,634.92 -1,034,258.05
Utilidad
de Periodos Anteriores 32,358,294.93 16.92 191,275,312.05 229,096,975.05 229,096,975.05 223,633,661.58 223,633,606.98
Utilidad
de Periodo -17,521,702.03 -46.33 37,821,663.04 8,549,170.42 9,411,562.60 7,949,221.38 14,266,514.05
Ganancia
o Perdida en Valores Disponible para la venta 41,234,237.82 -62.33 -66,150,785.13 -51,299,646.28 -56,491,561.40 -12,964,835.31 -36,774,988.62
Deuda
Subordinada 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PASIVO
Y PATRIMONIO -352,110,510.86 -8.15 4,322,812,739.63 4,169,779,348.17 4,036,964,449.03 4,058,064,735.28 4,104,021,109.14

*La unidad monetaria es par y equivalentes con el US$ dólar.

Esta es una copia de la versión original, tomada de la publicación mensual de la Superintendencia de Bancos de Panamá.

(sitioweb: http://www.superbancos.gob.pa).

Nota: Los datos de esta información no son consolidados y excluyen la data de Bladex Asset Management Inc., Bladex Holdings Inc., Clavex S.A., Bladex Offshore Feeder Fund y Bladex Representacao Ltda.

31 de julio de 2009

BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE DE SITUACIÓN DE DICIEMBRE 2008 Y MAYO 2009 (En Balboas) *

Descripción 2009 — Mayo Junio Julio Agosto Septiembre Octubre Noviembre Diciembre
ACTIVOS
LIQUIDOS 598,888,072.80 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depositos
Locales en Bancos 147,954.60 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A la
Vista 147,954.60 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 598,731,847.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A la
Vista 148,731,847.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A
Plazo 450,000,000.00 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 8,271.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CARTERA
CREDITICIA 2,437,789,432.53 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Locales 156,515,940.91 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Extranjero 2,361,852,947.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Menos
Provisiones 80,579,456.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Locales 4,414,252.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Extranjero 76,165,203.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00
INVERSIONES
EN VALORES 877,173,391.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Locales 93,545,399.49 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Extranjero 783,627,991.55 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 56,851,332.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Locales 6,840,558.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Extranjero 50,010,773.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL
DE ACTIVOS 3,970,702,228.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DEPOSITOS 1,120,018,913.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Locales 46,833,464.29 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 46,833,464.29 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A la
Vista 292,102.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A
Plazo 46,541,361.93 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Extranjero 1,073,185,448.96 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 21,625,418.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A la
Vista 1,576,418.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A
Plazo 20,049,000.00 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 1,051,560,030.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A la
Vista 66,499,310.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A
Plazo 985,060,719.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00
OBLIGACIONES 2,147,349,144.52 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 2,147,349,144.52 0.00 0.00 0.00 0.00 0.00 0.00 0.00
OTROS
PASIVOS 107,326,591.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Locales 3,346,440.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Extranjero 103,980,151.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PATRIMONIO 596,007,579.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital 284,231,828.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Reservas
de Capital 95,210,153.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Otras
Reservas -2,451,423.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Utilidad
de Periodos Anteriores 223,633,606.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Utilidad
de Periodo 20,299,961.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Ganancia
o Perdida en Valores Disponible para la venta -24,916,547.31 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 3,970,702,228.77 0.00 0.00 0.00 0.00 0.00 0.00 0.00

*La unidad monetaria es par y equivalentes con el US$ dólar.

Esta es una copia de la versión original, tomada de la publicación mensual de la Superintendencia de Bancos de Panamá.

(sitioweb: http://www.superbancos.gob.pa).

Nota: Los datos de esta información no son consolidados y excluyen la data de Bladex Asset Management Inc., Bladex Holdings Inc., Clavex S.A., Bladex Offshore Feeder Fund y Bladex Representacao Ltda.

31de julio de 2009

ESTADO DE RESULTADO BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. MAYO 2009 (En Balboas) *

| Descripcion — Ingresos
Por Intereses | 13,900,446.36 | 12,497,312.76 | 13,830,744.79 | 40,228,503.91 | 12,944,591.06 | 12,805,093.14 | 0.00 | 25,749,684.20 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Préstamos | 11,450,587.66 | 10,265,841.03 | 10,878,984.52 | 32,595,413.21 | 10,229,222.42 | 9,983,752.91 | 0.00 | 20,212,975.33 |
| Depósitos | 108,729.95 | 115,900.20 | 142,229.63 | 366,859.78 | 136,613.33 | 135,896.00 | 0.00 | 272,509.33 |
| Inversiones | 2,341,128.75 | 2,115,571.53 | 2,809,530.64 | 7,266,230.92 | 2,578,755.31 | 2,685,444.23 | 0.00 | 5,264,199.54 |
| Egresos
de Operaciones | 9,146,492.08 | 8,200,665.93 | 7,401,800.67 | 24,748,958.68 | 7,228,525.28 | 7,259,973.74 | 0.00 | 14,488,499.02 |
| Intereses
Pagados | 9,143,542.09 | 8,195,792.71 | 7,393,271.94 | 24,732,606.74 | 7,220,736.76 | 7,255,742.31 | 0.00 | 14,476,479.07 |
| Comisiones | 2,949.99 | 4,873.22 | 8,528.73 | 16,351.94 | 7,788.52 | 4,231.43 | 0.00 | 12,019.95 |
| Ingreso
Neto de Intereses | 4,753,954.28 | 4,296,646.83 | 6,428,944.12 | 15,479,545.23 | 5,716,065.78 | 5,545,119.40 | 0.00 | 11,261,185.18 |
| Otros
Ingresos | 6,348,507.00 | 2,187,989.67 | 824,719.93 | 9,361,216.60 | 2,991,580.96 | 3,167,205.30 | 0.00 | 6,158,786.26 |
| Comisiones | 817,932.36 | 806,833.89 | 584,106.38 | 2,208,872.63 | 265,036.18 | 244,653.74 | 0.00 | 509,689.92 |
| Otros
ingresos | 5,530,574.64 | 1,381,155.78 | 240,613.55 | 7,152,343.97 | 2,726,544.78 | 2,922,551.56 | 0.00 | 5,649,096.34 |
| Ingresos
de Operaciones | 11,102,461.28 | 6,484,636.50 | 7,253,664.05 | 24,840,761.83 | 8,707,646.74 | 8,712,324.70 | 0.00 | 17,419,971.44 |
| Egresos
Generales | 2,553,290.86 | 5,622,244.32 | 3,528,950.35 | 11,704,485.53 | 2,390,354.06 | 2,678,877.74 | 0.00 | 5,069,231.80 |
| Gastos
Administrativos | 1,245,417.33 | 2,888,697.60 | 1,680,787.23 | 5,814,902.16 | 1,491,721.53 | 1,444,454.35 | 0.00 | 2,936,175.88 |
| Gastos
Generales | 204,470.82 | 274,904.72 | 407,562.59 | 886,938.13 | 305,179.57 | 618,568.68 | 0.00 | 923,748.25 |
| Gastos
de Depreciación | 216,847.29 | 220,332.96 | 220,344.26 | 657,524.51 | 221,024.39 | 219,746.04 | 0.00 | 440,770.43 |
| Otros
Gastos | 886,555.42 | 2,238,309.04 | 1,220,256.27 | 4,345,120.73 | 372,428.57 | 396,108.67 | 0.00 | 768,537.24 |
| Utilidad
antes de Provisiones | 8,549,170.42 | 862,392.18 | 3,724,713.70 | 13,136,276.30 | 6,317,292.68 | 6,033,446.96 | 0.00 | 12,350,739.64 |
| Provisiones
por Cuentas Malas | 0.00 | 0.00 | 5,187,054.72 | 5,187,054.72 | 0.00 | 0.00 | 0.00 | 0.00 |
| Utilidad
del Periodo | 8,549,170.42 | 862,392.18 | -1,462,341.02 | 7,949,221.58 | 6,317,292.68 | 6,033,446.96 | 0.00 | 12,350,739.64 |

*La unidad monetaria es par y equivalentes con el US$ dólar.

Esta es una copia de la versión original, tomada de la publicación mensual de la Superintendencia de Bancos de Panamá.

(sitioweb: http://www.superbancos.gob.pa).

Nota: Los datos de esta información no son consolidados y excluyen la data de Bladex Asset Management Inc., Bladex Holdings Inc., Clavex S.A., Bladex Offshore Feeder Fund y Bladex Representacao Ltda.

31de julio de 2009

ESTADO DE RESULTADO BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. MAYO 2009 (En Balboas) *

| Descripcion — Ingresos
Por Intereses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 65,978,188.11 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Préstamos | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 52,808,388.54 |
| Depósitos | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 639,369.11 |
| Inversiones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12,530,430.46 |
| Egresos
de Operaciones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 39,237,457.70 |
| Intereses
Pagados | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 39,209,085.81 |
| Comisiones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 28,371.89 |
| Ingreso
Neto de Intereses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 26,740,730.41 |
| Otros
Ingresos | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 15,520,002.86 |
| Comisiones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,718,562.55 |
| Otros
ingresos | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12,801,440.31 |
| Ingresos
de Operaciones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 42,260,733.27 |
| Egresos
Generales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 16,773,717.33 |
| Gastos
Administrativos | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8,751,078.04 |
| Gastos
Generales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,810,686.38 |
| Gastos
de Depreciación | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,098,294.94 |
| Otros
Gastos | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5,113,657.97 |
| Utilidad
antes de Provisiones | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 25,487,015.94 |
| Provisiones
por Cuentas Malas | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5,187,054.72 |
| Utilidad
del Periodo | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 20,299,961.22 |

*La unidad monetaria es par y equivalentes con el US$ dólar.

Esta es una copia de la versión original, tomada de la publicación mensual de la Superintendencia de Bancos de Panamá.

(sitioweb: http://www.superbancos.gob.pa).

Note: This information are unconsolidated figures and exclude the data for Bladex Asset Management Inc., Bladex Holdings Inc., Clavex S.A., Bladex Offshore Feeder Fund, and Bladex Representacao Ltda.

July 31, 2009

BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE SHEETS DECEMBER 2008 AND MAY 2009 (In Balboas)

Description Absolute % December January February March April
LIQUID
ASSETS -301,520,314.66 -33.49 900,408,387.46 717,808,031.28 665,592,478.18 605,053,408.84 714,371,384.83
Local
Deposits in Banks 28,275.89 23.63 119,678.71 266,933.91 166,228.99 130,796.55 112,519.31
Demand 28,275.89 23.63 119,678.71 266,933.91 166,228.99 130,796.55 112,519.31
Time 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Foreign
Deposits in Banks -301,548,342.42 -33.49 900,280,189.52 717,408,834.01 665,420,617.82 604,911,611.35 714,248,175.75
Demand -456,548,342.42 -75.43 605,280,189.52 443,408,834.01 299,420,617.82 244,911,611.35 304,248,175.75
Time 155,000,000.00 52.54 295,000,000.00 274,000,000.00 366,000,000.00 360,000,000.00 410,000,000.00
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 -248.13 -2.91 8,519.23 132,263.36 5,631.37 11,000.94 10,689.77
CREDIT
PORTFOLIO -126,206,124.50 -4.92 2,563,995,557.03 2,625,259,226.06 2,574,391,867.97 2,542,991,544.55 2,467,291,611.82
Local 10,089,779.80 6.89 146,426,161.11 173,845,131.64 162,779,663.97 176,122,935.24 169,884,836.48
Foreign -110,364,349.91 -4.46 2,472,217,297.78 2,506,098,077.87 2,466,369,654.50 2,447,443,976.64 2,377,980,871.89
Less
Allowance 25,931,554.39 47.45 54,647,901.86 54,683,983.45 54,757,450.50 80,575,367.33 80,574,096.55
Local 2,437,353.64 123.29 1,976,899.07 1,976,899.07 1,976,899.07 4,414,252.71 4,414,252.71
Foreign 23,494,200.75 44.61 52,671,002.79 52,707,084.38 52,780,551.43 76,161,114.62 76,159,843.84
INVESTMENT
SECURITIES 88,932,685.75 11.28 788,240,705.29 765,500,339.63 734,731,700.59 856,516,453.83 865,946,982.61
Local 8,127,085.26 9.51 85,418,314.23 86,488,314.23 85,982,128.43 90,117,500.00 92,097,500.00
Foreign 80,805,600.49 11.50 702,822,391.06 679,012,025.40 648,749,572.16 766,398,953.83 773,849,482.61
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 -13,316,757.50 -18.98 70,168,089.80 61,211,751.15 62,248,402.29 53,503,328.21 56,411,130.59
Local -5,656,727.32 -45.26 12,497,285.64 7,648,698.17 9,131,122.10 6,008,575.50 6,775,089.32
Foreign -7,660,030.18 -13.28 57,670,804.16 53,563,052.98 53,117,280.19 47,494,752.71 49,636,041.27
TOTAL
ASSETS -352,110,510.91 -8.15 4,322,812,739.58 4,169,779,348.12 4,036,964,449.03 4,058,064,735.43 4,104,021,109.85
DEPOSITS -49,686,935.07 -4.25 1,169,705,848.32 1,194,733,108.43 1,217,741,248.70 1,216,766,442.16 1,147,397,707.70
Local -22,451,298.93 -32.40 69,284,763.22 71,361,388.44 93,151,832.86 83,715,903.77 88,792,169.93
Government 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Customers -10,000,000.00 -100.00 10,000,000.00 0.00 0.00 0.00 0.00
Demand 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Time -10,000,000.00 -100.00 10,000,000.00 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 -12,451,298.93 -21.00 59,284,763.22 71,361,388.44 93,151,832.86 83,715,903.77 88,792,169.93
Demand -1,657,479.86 -85.02 1,949,582.22 1,811,078.40 1,998,473.25 256,698.83 300,735.28
Time -10,793,819.07 -18.83 57,335,181.00 69,550,310.04 91,153,359.61 83,459,204.94 88,491,434.65
Foreign -27,235,636.14 -2.48 1,100,421,085.10 1,123,371,719.99 1,124,589,415.84 1,133,050,538.39 1,058,605,537.77
Government 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Customers 15,585,334.01 258.03 6,040,084.86 2,039,059.60 2,082,474.99 5,319,493.77 28,779,906.58
Demand 41,328.45 2.69 1,535,090.42 1,534,684.60 1,578,099.99 1,815,118.77 3,779,906.58
Time 15,544,005.56 345.04 4,504,994.44 504,375.00 504,375.00 3,504,375.00 25,000,000.00
Savings 0.00 0.00 0.00 0.00 0.00 0.00 0.00
From
Banks -42,820,970.15 -3.91 1,094,381,000.24 1,121,332,660.39 1,122,506,940.85 1,127,731,044.62 1,029,825,631.19
Demand -43,695,662.14 -39.65 110,194,972.25 78,005,924.10 91,304,980.79 53,766,988.66 44,229,767.30
Time 874,691.99 0.09 984,186,027.99 1,043,326,736.29 1,031,201,960.06 1,073,964,055.96 985,595,863.89
BORROWINGS -284,681,232.72 -11.71 2,432,030,377.24 2,229,666,397.91 2,104,626,539.11 2,167,251,487.27 2,260,963,042.20
Local -20,100,000.00 -100.00 20,100,000.00 16,900,000.00 11,800,000.00 0.00 0.00
Foreign -264,581,232.72 -10.97 2,411,930,377.24 2,212,766,397.91 2,092,826,539.11 2,167,251,487.27 2,260,963,042.20
OTHER
LIABILITIES -78,763,917.72 -42.33 186,090,509.36 185,549,413.63 157,691,719.82 121,266,171.66 117,074,330.21
Local -11,256,282.10 -77.08 14,602,722.51 14,526,998.13 3,523,167.99 8,040,512.59 8,556,100.60
Foreign -67,507,635.62 -39.37 171,487,786.85 171,022,415.50 154,168,551.83 113,225,659.07 108,518,229.61
STOCKHOLDERS´
EQUITY 61,021,574.65 11.41 534,986,004.71 559,830,428.20 556,904,941.40 552,780,634.19 578,586,029.03
Capital 1,437,413.67 0.51 282,794,414.74 282,906,856.00 283,012,670.14 283,151,067.79 283,285,001.00
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
Other
Reserves 3,513,330.26 -58.90 -5,964,753.66 -4,633,080.66 -3,334,858.66 -44,198,634.92 -1,034,258.05
Retained
Earnings 32,358,294.93 16.92 191,275,312.05 229,096,975.05 229,096,975.05 223,633,661.58 223,633,606.98
Net
Income -17,521,702.03 -46.33 37,821,663.04 8,549,170.42 9,411,562.60 7,949,221.38 14,266,514.05
Gain
or Loss in Securities available for sale 41,234,237.82 -62.33 -66,150,785.13 -51,299,646.28 -56,491,561.40 -12,964,835.31 -36,774,988.62
Subordinated
Debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00
LIABILITIES
AND STOCKHOLDER'S EQUITY -352,110,510.86 -8.15 4,322,812,739.63 4,169,779,348.17 4,036,964,449.03 4,058,064,735.28 4,104,021,109.14

*Monetary unit at par and equivalent with US$ dollars.

This is a translation from Spanish original version, taken from the monthly publication of the Superintendency of Banks of Panama

(website: http://www.superbancos.gob.pa).

Note: This information are unconsolidated figures and exclude the data for Bladex Asset Management Inc., Bladex Holdings Inc., Clavex S.A., Bladex Offshore Feeder Fund, and Bladex Representacao Ltda.

July 31, 2009

BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE SHEETS DECEMBER 2008 AND MAY 2009 (In Balboas)

Description 2009 — May June July August September October November December
LIQUID
ASSETS 598,888,072.80 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Local
Deposits in Banks 147,954.60 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Demand 147,954.60 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 598,731,847.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Demand 148,731,847.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Time 450,000,000.00 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 8,271.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CREDIT
PORTFOLIO 2,437,789,432.53 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Local 156,515,940.91 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Foreign 2,361,852,947.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Less
Allowance 80,579,456.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Local 4,414,252.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Foreign 76,165,203.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00
INVESTMENT
SECURITIES 877,173,391.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Local 93,545,399.49 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Foreign 783,627,991.55 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 56,851,332.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Local 6,840,558.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Foreign 50,010,773.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL
ASSETS 3,970,702,228.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DEPOSITS 1,120,018,913.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Local 46,833,464.29 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 46,833,464.29 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Demand 292,102.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Time 46,541,361.93 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Foreign 1,073,185,448.96 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 21,625,418.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Demand 1,576,418.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Time 20,049,000.00 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 1,051,560,030.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Demand 66,499,310.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Time 985,060,719.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00
BORROWINGS 2,147,349,144.52 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 2,147,349,144.52 0.00 0.00 0.00 0.00 0.00 0.00 0.00
OTHER
LIABILITIES 107,326,591.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Local 3,346,440.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Foreign 103,980,151.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00
STOCKHOLDERS´
EQUITY 596,007,579.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital 284,231,828.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital
Reserves 95,210,153.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other
Reserves -2,451,423.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Retained
Earnings 223,633,606.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net
Income 20,299,961.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Gain
or Loss in Securities available for sale -24,916,547.31 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 3,970,702,228.77 0.00 0.00 0.00 0.00 0.00 0.00 0.00

*Monetary unit at par and equivalent with US$ dollars.

This is a translation from Spanish original version, taken from the monthly publication of the Superintendency of Banks of Panama

(website: http://www.superbancos.gob.pa).

Note: This information are unconsolidated figures and exclude the data for Bladex Asset Management Inc., Bladex Holdings Inc., Clavex S.A., Bladex Offshore Feeder Fund, and Bladex Representacao Ltda.

July 31, 2009

STATEMENTS OF INCOME BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. MAY 2009 (In Balboas)*

| Description — Interest
Income | 13,900,446.36 | 12,497,312.76 | 13,830,744.79 | 40,228,503.91 | 12,944,591.06 | 12,805,093.14 | 0.00 | 25,749,684.20 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Loans | 11,450,587.66 | 10,265,841.03 | 10,878,984.52 | 32,595,413.21 | 10,229,222.42 | 9,983,752.91 | 0.00 | 20,212,975.33 |
| Deposits | 108,729.95 | 115,900.20 | 142,229.63 | 366,859.78 | 136,613.33 | 135,896.00 | 0.00 | 272,509.33 |
| Investments | 2,341,128.75 | 2,115,571.53 | 2,809,530.64 | 7,266,230.92 | 2,578,755.31 | 2,685,444.23 | 0.00 | 5,264,199.54 |
| Interest
Expense | 9,146,492.08 | 8,200,665.93 | 7,401,800.67 | 24,748,958.68 | 7,228,525.28 | 7,259,973.74 | 0.00 | 14,488,499.02 |
| Interest | 9,143,542.09 | 8,195,792.71 | 7,393,271.94 | 24,732,606.74 | 7,220,736.76 | 7,255,742.31 | 0.00 | 14,476,479.07 |
| Commissions | 2,949.99 | 4,873.22 | 8,528.73 | 16,351.94 | 7,788.52 | 4,231.43 | 0.00 | 12,019.95 |
| Net
Interest Income | 4,753,954.28 | 4,296,646.83 | 6,428,944.12 | 15,479,545.23 | 5,716,065.78 | 5,545,119.40 | 0.00 | 11,261,185.18 |
| Other
Income | 6,348,507.00 | 2,187,989.67 | 824,719.93 | 9,361,216.60 | 2,991,580.96 | 3,167,205.30 | 0.00 | 6,158,786.26 |
| Commissions | 817,932.36 | 806,833.89 | 584,106.38 | 2,208,872.63 | 265,036.18 | 244,653.74 | 0.00 | 509,689.92 |
| Other
Income | 5,530,574.64 | 1,381,155.78 | 240,613.55 | 7,152,343.97 | 2,726,544.78 | 2,922,551.56 | 0.00 | 5,649,096.34 |
| Operating
Income | 11,102,461.28 | 6,484,636.50 | 7,253,664.05 | 24,840,761.83 | 8,707,646.74 | 8,712,324.70 | 0.00 | 17,419,971.44 |
| Operating
Expenses | 2,553,290.86 | 5,622,244.32 | 3,528,950.35 | 11,704,485.53 | 2,390,354.06 | 2,678,877.74 | 0.00 | 5,069,231.80 |
| Administrative
expenses | 1,245,417.33 | 2,888,697.60 | 1,680,787.23 | 5,814,902.16 | 1,491,721.53 | 1,444,454.35 | 0.00 | 2,936,175.88 |
| General
expenses | 204,470.82 | 274,904.72 | 407,562.59 | 886,938.13 | 305,179.57 | 618,568.68 | 0.00 | 923,748.25 |
| Depreciation | 216,847.29 | 220,332.96 | 220,344.26 | 657,524.51 | 221,024.39 | 219,746.04 | 0.00 | 440,770.43 |
| Other
expenses | 886,555.42 | 2,238,309.04 | 1,220,256.27 | 4,345,120.73 | 372,428.57 | 396,108.67 | 0.00 | 768,537.24 |
| Net
Income before provision for loan losses | 8,549,170.42 | 862,392.18 | 3,724,713.70 | 13,136,276.30 | 6,317,292.68 | 6,033,446.96 | 0.00 | 12,350,739.64 |
| Provision
for loan losses | 0.00 | 0.00 | 5,187,054.72 | 5,187,054.72 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net
Income | 8,549,170.42 | 862,392.18 | -1,462,341.02 | 7,949,221.58 | 6,317,292.68 | 6,033,446.96 | 0.00 | 12,350,739.64 |

*Monetary unit at par and equivalent with US$ dollars.

This is a translation from Spanish original version, taken from the monthly publication of the Superintendency of Banks of Panama

(website: http://www.superbancos.gob.pa).

Note: This information are unconsolidated figures and exclude the data for Bladex Asset Management Inc., Bladex Holdings Inc., Clavex S.A., Bladex Offshore Feeder Fund, and Bladex Representacao Ltda.

July 31, 2009

STATEMENTS OF INCOME BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. MAY 2009 (In Balboas)*

| Description — Interest
Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 65,978,188.11 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 52,808,388.54 |
| Deposits | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 639,369.11 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12,530,430.46 |
| Interest
Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 39,237,457.70 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 39,209,085.81 |
| Commissions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 28,371.89 |
| Net
Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 26,740,730.41 |
| Other
Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 15,520,002.86 |
| Commissions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,718,562.55 |
| Other
Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12,801,440.31 |
| Operating
Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 42,260,733.27 |
| Operating
Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 16,773,717.33 |
| Administrative
expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8,751,078.04 |
| General
expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,810,686.38 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,098,294.94 |
| Other
expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5,113,657.97 |
| Net
Income before provision for loan losses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 25,487,015.94 |
| Provision
for loan losses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5,187,054.72 |
| Net
Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 20,299,961.22 |

*Monetary unit at par and equivalent with US$ dollars.

This is a translation from Spanish original version, taken from the monthly publication of the Superintendency of Banks of Panama

(website: http://www.superbancos.gob.pa).

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