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FOREIGN TRADE BANK OF LATIN AMERICA, INC.

Foreign Filer Report Mar 6, 2009

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6-K 1 v142093_6-k.htm Licensed to: Vintage Filings Document Created using EDGARizer 4.0.6.4 Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved

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 March, 2009

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.

March 5, 2009

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

BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE DE SITUACIÓN DE DICIEMBRE 2008 Y ENERO 2009 (En Balboas) * 20 de Febrero de 2009

Descripción Absoluta % 2008 — Diciembre 2009 — Enero Febrero Marzo Abril
ACTIVOS
LIQUIDOS -182,600,356.18 -20.28 900,408,387.46 717,808,031.28 0.00 0.00 0.00
Depositos
Locales en Bancos 147,255.20 123.04 119,678.71 266,933.91 0.00 0.00 0.00
A la
Vista 147,255.20 123.04 119,678.71 266,933.91 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 -182,871,355.51 -20.31 900,280,189.52 717,408,834.01 0.00 0.00 0.00
A la
Vista -161,871,355.51 -26.74 605,280,189.52 443,408,834.01 0.00 0.00 0.00
A
Plazo -21,000,000.00 -7.12 295,000,000.00 274,000,000.00 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 123,744.13 1452.53 8,519.23 132,263.36 0.00 0.00 0.00
CARTERA
CREDITICIA 61,263,669.03 2.39 2,563,995,557.03 2,625,259,226.06 0.00 0.00 0.00
Locales 27,418,970.53 18.73 146,426,161.11 173,845,131.64 0.00 0.00 0.00
Extranjero 33,880,780.09 1.37 2,472,217,297.78 2,506,098,077.87 0.00 0.00 0.00
Menos
Provisiones 36,081.59 0.07 54,647,901.86 54,683,983.45 0.00 0.00 0.00
Locales 0.00 0.00 1,976,899.07 1,976,899.07 0.00 0.00 0.00
Extranjero 36,081.59 0.07 52,671,002.79 52,707,084.38 0.00 0.00 0.00
INVERSIONES
EN VALORES -147,869,335.21 -16.19 913,369,674.84 765,500,339.63 0.00 0.00 0.00
Locales -3,251,685.77 -3.62 89,740,000.00 86,488,314.23 0.00 0.00 0.00
Extranjero -144,617,649.44 -17.56 823,629,674.84 679,012,025.40 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 -13,146,081.33 -17.68 74,357,832.48 61,211,751.15 0.00 0.00 0.00
Locales -5,726,232.16 -42.81 13,374,930.33 7,648,698.17 0.00 0.00 0.00
Extranjero -7,419,849.17 -12.17 60,982,902.15 53,563,052.98 0.00 0.00 0.00
TOTAL
DE ACTIVOS -282,352,103.69 -6.34 4,452,131,451.81 4,169,779,348.12 0.00 0.00 0.00
DEPOSITOS 25,027,260.11 2.14 1,169,705,848.32 1,194,733,108.43 0.00 0.00 0.00
Locales 2,076,625.22 3.00 69,284,763.22 71,361,388.44 0.00 0.00 0.00
Oficiales 0.00 0.00 0.00 0.00 0.00 0.00 0.00
De
Particulares -10,000,000.00 0.00 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 0.00 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 12,076,625.22 20.37 59,284,763.22 71,361,388.44 0.00 0.00 0.00
A la
Vista -138,503.82 -7.10 1,949,582.22 1,811,078.40 0.00 0.00 0.00
A
Plazo 12,215,129.04 21.30 57,335,181.00 69,550,310.04 0.00 0.00 0.00
Extranjero 22,950,634.89 2.09 1,100,421,085.10 1,123,371,719.99 0.00 0.00 0.00
Oficiales 0.00 0.00 0.00 0.00 0.00 0.00 0.00
De
Particulares -4,001,025.26 -66.24 6,040,084.86 2,039,059.60 0.00 0.00 0.00
A la
Vista -405.82 -0.03 1,535,090.42 1,534,684.60 0.00 0.00 0.00
A
Plazo -4,000,619.44 -88.80 4,504,994.44 504,375.00 0.00 0.00 0.00
De
Ahorros 0.00 0.00 0.00 0.00 0.00 0.00 0.00
De
Bancos 26,951,660.15 2.46 1,094,381,000.24 1,121,332,660.39 0.00 0.00 0.00
A la
Vista -32,189,048.15 -29.21 110,194,972.25 78,005,924.10 0.00 0.00 0.00
A
Plazo 59,140,708.30 6.01 984,186,027.99 1,043,326,736.29 0.00 0.00 0.00
OBLIGACIONES -326,506,026.33 -12.77 2,556,172,424.24 2,229,666,397.91 0.00 0.00 0.00
Locales -3,200,000.00 -15.92 20,100,000.00 16,900,000.00 0.00 0.00 0.00
Extranjero -323,306,026.33 -12.75 2,536,072,424.24 2,212,766,397.91 0.00 0.00 0.00
OTROS
PASIVOS -34,319,960.09 -15.62 219,747,613.72 185,427,653.63 0.00 0.00 0.00
Locales -861,563.38 -5.84 14,763,268.59 13,901,705.21 0.00 0.00 0.00
Extranjero -33,458,396.71 -16.32 204,984,345.13 171,525,948.42 0.00 0.00 0.00
PATRIMONIO 53,446,622.64 10.55 506,505,565.56 559,952,188.20 0.00 0.00 0.00
Capital 112,441.26 0.04 282,794,414.74 282,906,856.00 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 3,520,061.00 -43.17 -8,153,141.66 -4,633,080.66 0.00 0.00 0.00
Utilidad
de Periodos Anteriores 37,943,423.00 19.84 191,275,312.05 229,218,735.05 0.00 0.00 0.00
Utilidad
de Periodo -42,545,442.47 -83.27 51,094,612.89 8,549,170.42 0.00 0.00 0.00
Ganancia
o Perdida en Valores Disponible para la venta 54,416,139.85 -51.47 -105,715,786.13 -51,299,646.28 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 -282,352,103.67 -6.34 4,452,131,451.84 4,169,779,348.17

*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.

BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE DE SITUACIÓN DE DICIEMBRE 2008 Y ENERO 2009 (En Balboas) * 20 de Febrero de 2009

Descripción 2009 — 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

*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.

ESTADO DE RESULTADO BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. ENERO 2009 (En Balboas) * 20 de Febrero de 2009

Descripcion Enero Febrero Marzo Trimestre I Abril Mayo Junio Trimestre II
Ingresos
Por Intereses 13,900,446.36 0.00 0.00 13,900,446.36 0.00 0.00 0.00 0.00
Préstamos 11,450,587.66 0.00 0.00 11,450,587.66 0.00 0.00 0.00 0.00
Depósitos 108,729.95 0.00 0.00 108,729.95 0.00 0.00 0.00 0.00
Inversiones 2,341,128.75 0.00 0.00 2,341,128.75 0.00 0.00 0.00 0.00
Egresos
de Operaciones 9,146,492.08 0.00 0.00 9,146,492.08 0.00 0.00 0.00 0.00
Intereses
Pagados 9,143,542.09 0.00 0.00 9,143,542.09 0.00 0.00 0.00 0.00
Comisiones 2,949.99 0.00 0.00 2,949.99 0.00 0.00 0.00 0.00
Ingreso
Neto de Intereses 4,753,954.28 0.00 0.00 4,753,954.28 0.00 0.00 0.00 0.00
Otros
Ingresos 6,348,507.00 0.00 0.00 6,348,507.00 0.00 0.00 0.00 0.00
Comisiones 817,932.36 0.00 0.00 817,932.36 0.00 0.00 0.00 0.00
Otros
ingresos 5,530,574.64 0.00 0.00 5,530,574.64 0.00 0.00 0.00 0.00
Ingresos
de Operaciones 11,102,461.28 0.00 0.00 11,102,461.28 0.00 0.00 0.00 0.00
Egresos
Generales 2,553,290.86 0.00 0.00 2,553,290.86 0.00 0.00 0.00 0.00
Gastos
Administrativos 1,245,417.33 0.00 0.00 1,245,417.33 0.00 0.00 0.00 0.00
Gastos
Generales 204,470.82 0.00 0.00 204,470.82 0.00 0.00 0.00 0.00
Gastos
de Depreciación 216,847.29 0.00 0.00 216,847.29 0.00 0.00 0.00 0.00
Otros
Gastos 886,555.42 0.00 0.00 886,555.42 0.00 0.00 0.00 0.00
Utilidad
antes de Provisiones 8,549,170.42 0.00 0.00 8,549,170.42 0.00 0.00 0.00 0.00
Utilidad
del Periodo 8,549,170.42 0.00 0.00 8,549,170.42 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.

ESTADO DE RESULTADO BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. ENERO 2009 (En Balboas) * 20 de Febrero de 2009

Descripcion 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 13,900,446.36
Préstamos 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11,450,587.66
Depósitos 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 108,729.95
Inversiones 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,341,128.75
Egresos
de Operaciones 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9,146,492.08
Intereses
Pagados 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9,143,542.09
Comisiones 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,949.99
Ingreso
Neto de Intereses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,753,954.28
Otros
Ingresos 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6,348,507.00
Comisiones 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 817,932.36
Otros
ingresos 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,530,574.64
Ingresos
de Operaciones 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11,102,461.28
Egresos
Generales 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,553,290.86
Gastos
Administrativos 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,245,417.33
Gastos
Generales 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 204,470.82
Gastos
de Depreciación 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 216,847.29
Otros
Gastos 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 886,555.42
Utilidad
antes de Provisiones 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8,549,170.42
Utilidad
del Periodo 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8,549,170.42

*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.

BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE SHEETS DECEMBER 2008 AND JANUARY 2009 (In Balboas) February 20, 2009

Description Absolute % 2008 — December 2009 — January February March April
LIQUID
ASSETS -182,600,356.18 -20.28 900,408,387.46 717,808,031.28 0.00 0.00 0.00
Local
Deposits in Banks 147,255.20 123.04 119,678.71 266,933.91 0.00 0.00 0.00
Demand 147,255.20 123.04 119,678.71 266,933.91 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 -182,871,355.51 -20.31 900,280,189.52 717,408,834.01 0.00 0.00 0.00
Demand -161,871,355.51 -26.74 605,280,189.52 443,408,834.01 0.00 0.00 0.00
Time -21,000,000.00 -7.12 295,000,000.00 274,000,000.00 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 123,744.13 1452.53 8,519.23 132,263.36 0.00 0.00 0.00
CREDIT
PORTFOLIO 61,263,669.03 2.39 2,563,995,557.03 2,625,259,226.06 0.00 0.00 0.00
Local 27,418,970.53 18.73 146,426,161.11 173,845,131.64 0.00 0.00 0.00
Foreign 33,880,780.09 1.37 2,472,217,297.78 2,506,098,077.87 0.00 0.00 0.00
Less
Allowance 36,081.59 0.07 54,647,901.86 54,683,983.45 0.00 0.00 0.00
Local 0.00 0.00 1,976,899.07 1,976,899.07 0.00 0.00 0.00
Foreign 36,081.59 0.07 52,671,002.79 52,707,084.38 0.00 0.00 0.00
INVESTMENT
SECURITIES -147,869,335.21 -16.19 913,369,674.84 765,500,339.63 0.00 0.00 0.00
Local -3,251,685.77 -3.62 89,740,000.00 86,488,314.23 0.00 0.00 0.00
Foreign -144,617,649.44 -17.56 823,629,674.84 679,012,025.40 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 -13,146,081.33 -17.68 74,357,832.48 61,211,751.15 0.00 0.00 0.00
Local -5,726,232.16 -42.81 13,374,930.33 7,648,698.17 0.00 0.00 0.00
Foreign -7,419,849.17 -12.17 60,982,902.15 53,563,052.98 0.00 0.00 0.00
TOTAL
ASSETS -282,352,103.69 -6.34 4,452,131,451.81 4,169,779,348.12 0.00 0.00 0.00
DEPOSITS 25,027,260.11 2.14 1,169,705,848.32 1,194,733,108.43 0.00 0.00 0.00
Local 2,076,625.22 3.00 69,284,763.22 71,361,388.44 0.00 0.00 0.00
Government 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Customers -10,000,000.00 0.00 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 0.00 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 12,076,625.22 20.37 59,284,763.22 71,361,388.44 0.00 0.00 0.00
Demand -138,503.82 -7.10 1,949,582.22 1,811,078.40 0.00 0.00 0.00
Time 12,215,129.04 21.30 57,335,181.00 69,550,310.04 0.00 0.00 0.00
Foreign 22,950,634.89 2.09 1,100,421,085.10 1,123,371,719.99 0.00 0.00 0.00
Government 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Customers -4,001,025.26 -66.24 6,040,084.86 2,039,059.60 0.00 0.00 0.00
Demand -405.82 -0.03 1,535,090.42 1,534,684.60 0.00 0.00 0.00
Time -4,000,619.44 -88.80 4,504,994.44 504,375.00 0.00 0.00 0.00
Savings 0.00 0.00 0.00 0.00 0.00 0.00 0.00
From
Banks 26,951,660.15 2.46 1,094,381,000.24 1,121,332,660.39 0.00 0.00 0.00
Demand -32,189,048.15 -29.21 110,194,972.25 78,005,924.10 0.00 0.00 0.00
Time 59,140,708.30 6.01 984,186,027.99 1,043,326,736.29 0.00 0.00 0.00
BORROWINGS -326,506,026.33 -12.77 2,556,172,424.24 2,229,666,397.91 0.00 0.00 0.00
Local -3,200,000.00 -15.92 20,100,000.00 16,900,000.00 0.00 0.00 0.00
Foreign -323,306,026.33 -12.75 2,536,072,424.24 2,212,766,397.91 0.00 0.00 0.00
OTHER
LIABILITIES -34,319,960.09 -15.62 219,747,613.72 185,427,653.63 0.00 0.00 0.00
Local -861,563.38 -5.84 14,763,268.59 13,901,705.21 0.00 0.00 0.00
Foreign -33,458,396.71 -16.32 204,984,345.13 171,525,948.42 0.00 0.00 0.00
STOCKHOLDERS´
EQUITY 53,446,622.64 10.55 506,505,565.56 559,952,188.20 0.00 0.00 0.00
Capital 112,441.26 0.04 282,794,414.74 282,906,856.00 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 3,520,061.00 -43.17 -8,153,141.66 -4,633,080.66 0.00 0.00 0.00
Retained
Earnings 37,943,423.00 19.84 191,275,312.05 229,218,735.05 0.00 0.00 0.00
Net
Income -42,545,442.47 -83.27 51,094,612.89 8,549,170.42 0.00 0.00 0.00
Gain
or Loss in Securities available for sale 54,416,139.85 -51.47 -105,715,786.13 -51,299,646.28 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 -282,352,103.67 -6.34 4,452,131,451.84 4,169,779,348.17 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.

BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE SHEETS DECEMBER 2008 AND JANUARY 2009 (In Balboas) February 20, 2009

Description 2009 — 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

*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.

STATEMENTS OF INCOME BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. JANUARY 2009 (In Balboas)* February 20, 2009

Description January February March I Quarter April May June II Quarter
Interest
Income 13,900,446.36 0.00 0.00 13,900,446.36 0.00 0.00 0.00 0.00
Loans 11,450,587.66 0.00 0.00 11,450,587.66 0.00 0.00 0.00 0.00
Deposits 108,729.95 0.00 0.00 108,729.95 0.00 0.00 0.00 0.00
Investments 2,341,128.75 0.00 0.00 2,341,128.75 0.00 0.00 0.00 0.00
Interest
Expense 9,146,492.08 0.00 0.00 9,146,492.08 0.00 0.00 0.00 0.00
Interest 9,143,542.09 0.00 0.00 9,143,542.09 0.00 0.00 0.00 0.00
Commissions 2,949.99 0.00 0.00 2,949.99 0.00 0.00 0.00 0.00
Net
Interest Income 4,753,954.28 0.00 0.00 4,753,954.28 0.00 0.00 0.00 0.00
Other
Income 6,348,507.00 0.00 0.00 6,348,507.00 0.00 0.00 0.00 0.00
Commissions 817,932.36 0.00 0.00 817,932.36 0.00 0.00 0.00 0.00
Other
Income 5,530,574.64 0.00 0.00 5,530,574.64 0.00 0.00 0.00 0.00
Operating
Income 11,102,461.28 0.00 0.00 11,102,461.28 0.00 0.00 0.00 0.00
Operating
Expenses 2,553,290.86 0.00 0.00 2,553,290.86 0.00 0.00 0.00 0.00
Administrative
expenses 1,245,417.33 0.00 0.00 1,245,417.33 0.00 0.00 0.00 0.00
General
expenses 204,470.82 0.00 0.00 204,470.82 0.00 0.00 0.00 0.00
Depreciation 216,847.29 0.00 0.00 216,847.29 0.00 0.00 0.00 0.00
Other
expenses 886,555.42 0.00 0.00 886,555.42 0.00 0.00 0.00 0.00
Net
Income before provision for loan losses 8,549,170.42 0.00 0.00 8,549,170.42 0.00 0.00 0.00 0.00
Net
Income 8,549,170.42 0.00 0.00 8,549,170.42 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.

STATEMENTS OF INCOME BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. JANUARY 2009 (In Balboas)* February 20, 2009

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 13,900,446.36
Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11,450,587.66
Deposits 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 108,729.95
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,341,128.75
Interest
Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9,146,492.08
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9,143,542.09
Commissions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,949.99
Net
Interest Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,753,954.28
Other
Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6,348,507.00
Commissions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 817,932.36
Other
Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,530,574.64
Operating
Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11,102,461.28
Operating
Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,553,290.86
Administrative
expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,245,417.33
General
expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 204,470.82
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 216,847.29
Other
expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 886,555.42
Net
Income before provision for loan losses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8,549,170.42
Net
Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8,549,170.42

*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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