FOREIGN TRADE BANK OF LATIN AMERICA, INC.

Foreign Filer Report • Nov 15, 2010

6-K 1 v202701_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 November, 2010

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 ¨

(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 ¨ 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.

November 15 th , 2010

| 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.

●
BALANCE
DE SITUACION
BANCO
LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
DE
DICIEMBRE 2009 A SEPTIEMBRE 2010
(En
Miles de Balboas) *

Variación Absoluta	%	Diciembre	Enero	Febrero	Marzo	Abril
ACTIVOS
LIQUIDOS	-61,712.15	-14.54	424,385.05	374,588.34	362,034.09	348,592.24	375,824.51
Depositos
Locales en Bancos	215.84	796.62	27.09	39.99	255.66	175.37	33.65
A la
Vista	215.84	796.62	27.09	39.99	255.66	175.37	33.65
A
Plazo	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depositos
Extranjeros en Bancos	-61,925.71	-14.59	424,346.48	374,539.75	361,765.37	348,402.26	375,762.21
A la
Vista	15,974.29	7.82	204,346.48	148,139.75	202,865.37	178,702.26	205,762.21
A
Plazo	-77,900.00	-35.41	220,000.00	226,400.00	158,900.00	169,700.00	170,000.00
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	-2.28	-19.86	11.48	8.60	13.06	14.61	28.65
CARTERA
CREDITICIA	972,458.06	35.94	2,705,473.12	2,643,212.60	2,729,005.31	2,861,502.24	2,914,351.79
Locales	214,520.35	376.40	56,992.09	60,921.15	60,849.78	75,973.50	100,901.71
Extranjero	752,848.15	27.66	2,722,269.86	2,656,078.69	2,742,243.44	2,859,465.51	2,890,516.58
Menos
Provisiones	-5,089.56	-6.90	73,788.83	73,787.24	74,087.91	73,936.77	77,066.49
Locales	1,706.27	133.34	1,279.69	1,279.69	1,279.69	1,522.31	1,522.31
Extranjero	-6,795.83	-9.37	72,509.14	72,507.55	72,808.22	72,414.46	75,544.18
INVERSIONES
EN VALORES	89,978.06	14.65	614,353.92	613,396.08	616,501.74	615,159.60	615,035.76
Locales	37,196.00	84.97	43,776.00	43,586.00	43,960.00	43,572.00	43,708.00
Extranjero	52,782.06	9.25	570,577.92	569,810.08	572,541.74	571,587.60	571,327.76
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	-2,185.52	-4.57	47,859.85	47,659.41	50,759.94	41,892.90	48,373.56
Locales	11,227.09	301.27	3,726.64	4,053.24	4,311.42	466.14	3,977.44
Extranjero	-13,412.61	-30.39	44,133.21	43,606.17	46,448.52	41,426.76	44,396.12
TOTAL
DE ACTIVOS	998,538.44	26.33	3,792,071.95	3,678,856.42	3,758,301.07	3,867,146.98	3,953,585.61
DEPOSITOS	604,506.13	48.09	1,256,977.97	1,270,196.08	1,355,586.12	1,356,077.64	1,332,000.26
Locales	180,055.23	165.38	108,876.22	150,861.68	142,864.13	161,372.18	123,432.86
Oficiales	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De
Particulares	30,000.00	0.00	0.00	39,000.00	39,000.00	39,000.00	27,000.00
A la
Vista	0.00	0.00	0.00	0.00	0.00	0.00	0.00
A
Plazo	30,000.00	0.00	0.00	39,000.00	39,000.00	39,000.00	27,000.00
De
Ahorros	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De
Bancos	150,055.23	137.82	108,876.22	111,861.68	103,864.13	122,372.18	96,432.86
A la
Vista	33.23	11.14	298.32	298.32	297.76	297.29	354.64
A
Plazo	150,022.00	138.17	108,577.90	111,563.37	103,566.36	122,074.90	96,078.22
Extranjero	424,450.90	36.97	1,148,101.75	1,119,334.40	1,212,722.00	1,194,705.45	1,208,567.40
Oficiales	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De
Particulares	-6,108.45	-33.30	18,343.29	2,365.51	2,180.82	2,317.37	2,234.44
A la
Vista	-1,059.72	-40.52	2,615.55	1,637.77	1,452.74	1,589.29	1,506.37
A
Plazo	-5,048.74	-32.10	15,727.74	727.74	728.08	728.08	728.08
De
Ahorros	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De
Bancos	430,559.35	38.11	1,129,758.45	1,116,968.89	1,210,541.18	1,192,388.09	1,206,332.95
A la
Vista	-20,993.56	-42.68	49,193.30	39,660.25	44,172.37	35,748.27	34,163.06
A
Plazo	451,552.92	41.79	1,080,565.15	1,077,308.64	1,166,368.81	1,156,639.82	1,172,169.89
OBLIGACIONES	368,738.89	20.57	1,792,670.97	1,662,213.88	1,664,236.27	1,775,274.07	1,883,387.61
Locales	0.00	0.00	0.00	0.00	0.00	102.17	0.00
Extranjero	368,738.89	20.57	1,792,670.97	1,662,213.88	1,664,236.27	1,775,171.91	1,883,387.61
OTROS
PASIVOS	5,068.82	4.13	122,625.36	129,561.54	121,811.46	109,946.01	111,682.39
Locales	-4,318.35	-40.92	10,552.15	13,964.05	9,040.63	9,379.45	9,007.22
Extranjero	9,387.18	8.38	112,073.21	115,597.49	112,770.83	100,566.56	102,675.17
PATRIMONIO	20,224.60	3.26	619,797.64	616,884.91	616,667.23	625,849.26	626,515.36
Capital	2,141.99	0.75	285,198.77	285,340.34	285,484.56	285,959.89	286,428.79
Reservas
de Capital	0.00	0.00	95,210.15	95,210.15	95,210.15	95,210.15	95,210.15
Otras
Reservas	-863.14	29.60	-2,916.04	-3,540.36	-3,455.61	-3,658.56	-3,566.67
Utilidad
de Periodos Anteriores	21,856.14	10.55	207,188.27	245,548.79	240,066.95	240,060.46	240,051.38
Utilidad
de Periodo	-4,475.70	-11.67	38,360.52	2,932.30	4,432.91	10,934.82	11,626.04
Ganancia
o Perdida en Valores Disponible para la venta	1,565.32	-48.25	-3,244.03	-8,606.32	-5,071.75	-2,657.50	-3,234.33
Deuda
Subordinada	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PASIVO
Y PATRIMONIO	998,538.44	26.33	3,792,071.95	3,678,856.42	3,758,301.08	3,867,146.98	3,953,585.61

*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.

●
BALANCE
DE SITUACION
BANCO
LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
DE
DICIEMBRE 2009 A SEPTIEMBRE 2010
(En
Miles de Balboas) *

Mayo	Junio	Julio	Agosto	Septiembre	Octubre
ACTIVOS
LIQUIDOS	572,159.88	619,425.09	335,306.79	294,882.99	362,672.90
Depositos
Locales en Bancos	152.32	202.70	481.46	255.27	242.93
A la
Vista	152.32	202.70	481.46	255.27	242.93
A
Plazo	0.00	0.00	0.00	0.00	0.00
Depositos
Extranjeros en Bancos	571,996.54	619,210.73	334,814.89	294,621.50	362,420.77
A la
Vista	324,796.54	329,210.73	248,414.89	184,621.50	220,320.77
A
Plazo	247,200.00	290,000.00	86,400.00	110,000.00	142,100.00
Menos
Provisiones	0.00	0.00	0.00	0.00	0.00
Locales	0.00	0.00	0.00	0.00	0.00
Extranjero	0.00	0.00	0.00	0.00	0.00
Otros	11.03	11.66	10.43	6.22	9.20
CARTERA
CREDITICIA	2,854,379.53	3,018,457.38	3,244,234.23	3,606,937.78	3,677,931.18
Locales	100,201.71	155,660.79	220,059.25	235,504.83	271,512.44
Extranjero	2,828,883.65	2,944,065.73	3,104,641.73	3,451,899.70	3,475,118.01
Menos
Provisiones	74,705.83	81,269.14	80,466.75	80,466.75	68,699.27
Locales	1,522.31	1,954.30	2,952.85	3,468.02	2,985.95
Extranjero	73,183.52	79,314.85	77,513.90	76,998.73	65,713.32
INVERSIONES
EN VALORES	625,690.35	627,539.59	656,454.22	662,746.58	704,331.98
Locales	43,670.00	43,740.00	44,056.00	49,660.25	80,972.00
Extranjero	582,020.35	583,799.59	612,398.22	613,086.33	623,359.98
Menos
Provisiones	0.00	0.00	0.00	0.00	0.00
Locales	0.00	0.00	0.00	0.00	0.00
Extranjero	0.00	0.00	0.00	0.00	0.00
OTROS
ACTIVOS	77,017.60	64,458.57	45,281.45	51,959.11	45,674.33
Locales	4,563.09	4,539.20	14,007.47	15,956.98	14,953.73
Extranjero	72,454.52	59,919.37	31,273.98	36,002.13	30,720.60
TOTAL
DE ACTIVOS	4,129,247.37	4,329,880.62	4,281,276.68	4,616,526.45	4,790,610.39
DEPOSITOS	1,428,696.25	1,507,917.33	1,554,746.33	1,745,200.77	1,861,484.09
Locales	128,409.55	187,100.69	221,610.11	245,920.11	288,931.45
Oficiales	0.00	0.00	0.00	0.00	0.00
De
Particulares	41,000.00	31,000.00	23,000.00	23,000.00	30,000.00
A la
Vista	0.00	0.00	0.00	0.00	0.00
A
Plazo	41,000.00	31,000.00	23,000.00	23,000.00	30,000.00
De
Ahorros	0.00	0.00	0.00	0.00	0.00
De
Bancos	87,409.55	156,100.69	198,610.11	222,920.11	258,931.45
A la
Vista	331.62	331.55	331.55	331.55	331.55
A
Plazo	87,077.93	155,769.14	198,278.57	222,588.57	258,599.90
Extranjero	1,300,286.70	1,320,816.64	1,333,136.22	1,499,280.65	1,572,552.65
Oficiales	0.00	0.00	0.00	0.00	0.00
De
Particulares	2,737.33	2,416.41	12,208.30	12,722.20	12,234.84
A la
Vista	2,008.94	1,688.02	1,529.90	2,043.19	1,555.84
A
Plazo	728.40	728.40	10,678.40	10,679.00	10,679.00
De
Ahorros	0.00	0.00	0.00	0.00	0.00
De
Bancos	1,297,549.37	1,318,400.23	1,320,927.92	1,486,558.46	1,560,317.81
A la
Vista	23,005.47	21,928.34	28,442.30	28,375.73	28,199.74
A
Plazo	1,274,543.90	1,296,471.89	1,292,485.62	1,458,182.72	1,532,118.07
OBLIGACIONES	1,932,052.74	2,053,677.81	1,976,830.99	2,114,752.18	2,161,409.86
Locales	0.00	0.00	0.00	0.00	0.00
Extranjero	1,932,052.74	2,053,677.81	1,976,830.99	2,114,752.18	2,161,409.86
OTROS
PASIVOS	140,556.91	141,474.82	114,312.30	115,861.50	127,694.19
Locales	4,061.04	10,369.37	3,211.54	4,512.12	6,233.80
Extranjero	136,495.87	131,105.45	111,100.76	111,349.38	121,460.39
PATRIMONIO	627,941.47	626,810.66	635,387.06	640,712.01	640,022.24
Capital	286,605.15	286,799.88	286,980.39	287,163.52	287,340.75
Reservas
de Capital	95,210.15	95,210.15	95,210.15	95,210.15	95,210.15
Otras
Reservas	-3,390.17	-4,255.32	-3,723.37	-3,011.25	-3,779.18
Utilidad
de Periodos Anteriores	240,051.38	234,553.98	234,553.98	234,547.90	229,044.41
Utilidad
de Periodo	14,946.21	21,687.61	26,720.98	31,072.91	33,884.82
Ganancia
o Perdida en Valores Disponible para la venta	-5,481.25	-7,185.65	-4,355.07	-4,271.22	-1,678.71
Deuda
Subordinada	0.00	0.00	0.00	0.00	0.00
PASIVO
Y PATRIMONIO	4,129,247.37	4,329,880.62	4,281,276.68	4,616,526.45	4,790,610.39

*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 COMERCIO EXTERIOR, S.A.
DE
DICIEMBRE 2009 A SEPTIEMBRE 2010
(En
Miles de Balboas) *

Diciembre	Enero	Febrero	Marzo	Abril	Mayo	Junio	Julio	Agosto	Septiembre	Octubre	Acumulado
Ingresos
Por Intereses	140,201.06	9,581.27	7,640.60	8,585.97	9,625.04	8,677.64	9,026.50	10,015.69	10,938.47	10,314.31	84,405.49
Préstamos	114,326.15	8,447.84	6,872.64	7,523.07	8,695.31	7,608.76	8,011.63	8,825.55	9,783.70	9,256.10	75,024.61
Depósitos	1,260.49	62.20	52.77	69.23	60.59	75.69	100.90	127.36	67.01	50.03	665.78
Inversiones	24,614.43	1,071.23	715.19	993.67	869.14	993.18	913.97	1,062.79	1,087.75	1,008.18	8,715.10
Arrendamiento
Financiero	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Otros
Ingresos	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Egresos
de Operaciones	74,969.79	3,752.81	3,269.58	3,568.97	3,350.71	3,398.11	3,451.75	3,825.68	3,881.85	3,784.95	32,284.41
Intereses
Pagados	74,886.82	3,745.36	3,261.10	3,558.69	3,343.68	3,391.57	3,444.69	3,814.63	3,875.80	3,779.92	32,215.44
Comisiones	82.97	7.45	8.48	10.28	7.03	6.53	7.06	11.05	6.05	5.04	68.97
Ingreso
Neto de Intereses	65,231.27	5,828.46	4,371.02	5,017.01	6,274.33	5,279.53	5,574.75	6,190.01	7,056.61	6,529.36	52,121.08
Otros
Ingresos	24,897.89	653.25	1,282.24	1,614.43	404.80	1,626.20	1,457.39	1,160.14	1,023.21	1,857.96	11,079.63
Comisiones	6,483.61	810.68	693.94	738.51	850.15	789.13	977.58	600.47	551.01	810.43	6,821.89
Operaciones
con Divisas	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividendos	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Otros
ingresos	18,414.28	-157.43	588.30	875.92	-445.34	837.07	479.81	559.68	472.21	1,047.53	4,257.74
Ingresos
de Operaciones	90,129.16	6,481.72	5,653.26	6,631.44	6,679.13	6,905.73	7,032.13	7,350.15	8,079.83	8,387.32	63,200.71
Egresos
Generales	36,937.77	3,549.42	3,851.97	3,896.92	2,858.20	3,816.98	4,084.25	3,116.79	3,727.90	4,682.31	33,584.73
Gastos
Administrativos	19,787.00	1,531.88	1,727.98	2,169.11	1,531.72	1,652.56	2,011.39	1,581.43	1,909.08	2,410.91	16,526.06
Gastos
Generales	4,116.70	337.38	325.02	527.35	267.18	376.55	579.79	233.01	439.92	552.37	3,638.56
Gastos
de Depreciación	2,559.40	215.34	217.00	217.35	195.02	189.51	192.39	199.17	195.99	197.53	1,819.31
Otros
Gastos	10,474.67	1,464.82	1,581.97	983.11	864.28	1,598.36	1,300.68	1,103.18	1,182.91	1,521.50	11,600.81
Utilidad
antes de Provisiones	53,191.39	2,932.30	1,801.29	2,734.52	3,820.94	3,088.75	2,947.89	4,233.37	4,351.93	3,705.01	29,615.98
Provisiones
por Cuentas Malas	14,830.87	0.00	300.67	-3,767.39	3,129.72	-231.43	-3,793.52	-800.00	0.00	893.10	-4,268.83
Utilidad
del Periodo	38,360.52	2,932.30	1,500.61	6,501.91	691.21	3,320.18	6,741.40	5,033.37	4,351.93	2,811.90	33,884.82

*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.

BALANCE SHEET BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A. DECEMBER 2009 - SEPTEMBER 2010 (In Thousand Balboas) * October 19, 2010

Absolute Variation	%	December	January	February	March	April
LIQUID
ASSETS	-61,712.15	-14.54	424,385.05	374,588.34	362,034.09	348,592.24	375,824.51
Local
Deposits in Banks	215.84	796.62	27.09	39.99	255.66	175.37	33.65
Demand	215.84	796.62	27.09	39.99	255.66	175.37	33.65
Time	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Foreign
Deposits in Banks	-61,925.71	-14.59	424,346.48	374,539.75	361,765.37	348,402.26	375,762.21
Demand	15,974.29	7.82	204,346.48	148,139.75	202,865.37	178,702.26	205,762.21
Time	-77,900.00	-35.41	220,000.00	226,400.00	158,900.00	169,700.00	170,000.00
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	-2.28	-19.86	11.48	8.60	13.06	14.61	28.65
CREDIT
PORTFOLIO	972,458.06	35.94	2,705,473.12	2,643,212.60	2,729,005.31	2,861,502.24	2,914,351.79
Local	214,520.35	376.40	56,992.09	60,921.15	60,849.78	75,973.50	100,901.71
Foreign	752,848.15	27.66	2,722,269.86	2,656,078.69	2,742,243.44	2,859,465.51	2,890,516.58
Less
Allowance	-5,089.56	-6.90	73,788.83	73,787.24	74,087.91	73,936.77	77,066.49
Local	1,706.27	133.34	1,279.69	1,279.69	1,279.69	1,522.31	1,522.31
Foreign	-6,795.83	-9.37	72,509.14	72,507.55	72,808.22	72,414.46	75,544.18
INVESTMENT
SECURITIES	89,978.06	14.65	614,353.92	613,396.08	616,501.74	615,159.60	615,035.76
Local	37,196.00	84.97	43,776.00	43,586.00	43,960.00	43,572.00	43,708.00
Foreign	52,782.06	9.25	570,577.92	569,810.08	572,541.74	571,587.60	571,327.76
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	-2,185.52	-4.57	47,859.85	47,659.41	50,759.94	41,892.90	48,373.56
Local	11,227.09	301.27	3,726.64	4,053.24	4,311.42	466.14	3,977.44
Foreign	-13,412.61	-30.39	44,133.21	43,606.17	46,448.52	41,426.76	44,396.12
TOTAL
ASSETS	998,538.44	26.33	3,792,071.95	3,678,856.42	3,758,301.07	3,867,146.98	3,953,585.61
DEPOSITS	604,506.13	48.09	1,256,977.97	1,270,196.08	1,355,586.12	1,356,077.64	1,332,000.26
Local	180,055.23	165.38	108,876.22	150,861.68	142,864.13	161,372.18	123,432.86
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Customers	30,000.00	0.00	0.00	39,000.00	39,000.00	39,000.00	27,000.00
Demand	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Time	30,000.00	0.00	0.00	39,000.00	39,000.00	39,000.00	27,000.00
Savings	0.00	0.00	0.00	0.00	0.00	0.00	0.00
From
Banks	150,055.23	137.82	108,876.22	111,861.68	103,864.13	122,372.18	96,432.86
Demand	33.23	11.14	298.32	298.32	297.76	297.29	354.64
Time	150,022.00	138.17	108,577.90	111,563.37	103,566.36	122,074.90	96,078.22
Foreign	424,450.90	36.97	1,148,101.75	1,119,334.40	1,212,722.00	1,194,705.45	1,208,567.40
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Customers	-6,108.45	-33.30	18,343.29	2,365.51	2,180.82	2,317.37	2,234.44
Demand	-1,059.72	-40.52	2,615.55	1,637.77	1,452.74	1,589.29	1,506.37
Time	-5,048.74	-32.10	15,727.74	727.74	728.08	728.08	728.08
Savings	0.00	0.00	0.00	0.00	0.00	0.00	0.00
From
Banks	430,559.35	38.11	1,129,758.45	1,116,968.89	1,210,541.18	1,192,388.09	1,206,332.95
Demand	-20,993.56	-42.68	49,193.30	39,660.25	44,172.37	35,748.27	34,163.06
Time	451,552.92	41.79	1,080,565.15	1,077,308.64	1,166,368.81	1,156,639.82	1,172,169.89
BORROWINGS	368,738.89	20.57	1,792,670.97	1,662,213.88	1,664,236.27	1,775,274.07	1,883,387.61
Local	0.00	0.00	0.00	0.00	0.00	102.17	0.00
Foreign	368,738.89	20.57	1,792,670.97	1,662,213.88	1,664,236.27	1,775,171.91	1,883,387.61
OTHER
LIABILITIES	5,068.82	4.13	122,625.36	129,561.54	121,811.46	109,946.01	111,682.39
Local	-4,318.35	-40.92	10,552.15	13,964.05	9,040.63	9,379.45	9,007.22
Foreign	9,387.18	8.38	112,073.21	115,597.49	112,770.83	100,566.56	102,675.17
STOCKHOLDERS´
EQUITY	20,224.60	3.26	619,797.64	616,884.91	616,667.23	625,849.26	626,515.36
Capital	2,141.99	0.75	285,198.77	285,340.34	285,484.56	285,959.89	286,428.79
Capital
Reserves	0.00	0.00	95,210.15	95,210.15	95,210.15	95,210.15	95,210.15
Other
Reserves	-863.14	29.60	-2,916.04	-3,540.36	-3,455.61	-3,658.56	-3,566.67
Retained
Earnings	21,856.14	10.55	207,188.27	245,548.79	240,066.95	240,060.46	240,051.38
Net
Income	-4,475.70	-11.67	38,360.52	2,932.30	4,432.91	10,934.82	11,626.04
Gain
or Loss in Securities available for sale	1,565.32	-48.25	-3,244.03	-8,606.32	-5,071.75	-2,657.50	-3,234.33
Subordinated
Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LIABILITIES
AND STOCKHOLDER'S EQUITY	998,538.44	26.33	3,792,071.95	3,678,856.42	3,758,301.08	3,867,146.98	3,953,585.61

*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.

BALANCE SHEET BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A. DECEMBER 2009 - SEPTEMBER 2010 (In Thousand Balboas) * October 19, 2010

May	June	July	August	September	October
LIQUID
ASSETS	572,159.88	619,425.09	335,306.79	294,882.99	362,672.90
Local
Deposits in Banks	152.32	202.70	481.46	255.27	242.93
Demand	152.32	202.70	481.46	255.27	242.93
Time	0.00	0.00	0.00	0.00	0.00
Foreign
Deposits in Banks	571,996.54	619,210.73	334,814.89	294,621.50	362,420.77
Demand	324,796.54	329,210.73	248,414.89	184,621.50	220,320.77
Time	247,200.00	290,000.00	86,400.00	110,000.00	142,100.00
Less
Allowance	0.00	0.00	0.00	0.00	0.00
Local	0.00	0.00	0.00	0.00	0.00
Foreign	0.00	0.00	0.00	0.00	0.00
Others	11.03	11.66	10.43	6.22	9.20
CREDIT
PORTFOLIO	2,854,379.53	3,018,457.38	3,244,234.23	3,606,937.78	3,677,931.18
Local	100,201.71	155,660.79	220,059.25	235,504.83	271,512.44
Foreign	2,828,883.65	2,944,065.73	3,104,641.73	3,451,899.70	3,475,118.01
Less
Allowance	74,705.83	81,269.14	80,466.75	80,466.75	68,699.27
Local	1,522.31	1,954.30	2,952.85	3,468.02	2,985.95
Foreign	73,183.52	79,314.85	77,513.90	76,998.73	65,713.32
INVESTMENT
SECURITIES	625,690.35	627,539.59	656,454.22	662,746.58	704,331.98
Local	43,670.00	43,740.00	44,056.00	49,660.25	80,972.00
Foreign	582,020.35	583,799.59	612,398.22	613,086.33	623,359.98
Less
Allowance	0.00	0.00	0.00	0.00	0.00
Local	0.00	0.00	0.00	0.00	0.00
Foreign	0.00	0.00	0.00	0.00	0.00
OTHER
ASSETS	77,017.60	64,458.57	45,281.45	51,959.11	45,674.33
Local	4,563.09	4,539.20	14,007.47	15,956.98	14,953.73
Foreign	72,454.52	59,919.37	31,273.98	36,002.13	30,720.60
TOTAL
ASSETS	4,129,247.37	4,329,880.62	4,281,276.68	4,616,526.45	4,790,610.39
DEPOSITS	1,428,696.25	1,507,917.33	1,554,746.33	1,745,200.77	1,861,484.09
Local	128,409.55	187,100.69	221,610.11	245,920.11	288,931.45
Government	0.00	0.00	0.00	0.00	0.00
Customers	41,000.00	31,000.00	23,000.00	23,000.00	30,000.00
Demand	0.00	0.00	0.00	0.00	0.00
Time	41,000.00	31,000.00	23,000.00	23,000.00	30,000.00
Savings	0.00	0.00	0.00	0.00	0.00
From
Banks	87,409.55	156,100.69	198,610.11	222,920.11	258,931.45
Demand	331.62	331.55	331.55	331.55	331.55
Time	87,077.93	155,769.14	198,278.57	222,588.57	258,599.90
Foreign	1,300,286.70	1,320,816.64	1,333,136.22	1,499,280.65	1,572,552.65
Government	0.00	0.00	0.00	0.00	0.00
Customers	2,737.33	2,416.41	12,208.30	12,722.20	12,234.84
Demand	2,008.94	1,688.02	1,529.90	2,043.19	1,555.84
Time	728.40	728.40	10,678.40	10,679.00	10,679.00
Savings	0.00	0.00	0.00	0.00	0.00
From
Banks	1,297,549.37	1,318,400.23	1,320,927.92	1,486,558.46	1,560,317.81
Demand	23,005.47	21,928.34	28,442.30	28,375.73	28,199.74
Time	1,274,543.90	1,296,471.89	1,292,485.62	1,458,182.72	1,532,118.07
BORROWINGS	1,932,052.74	2,053,677.81	1,976,830.99	2,114,752.18	2,161,409.86
Local	0.00	0.00	0.00	0.00	0.00
Foreign	1,932,052.74	2,053,677.81	1,976,830.99	2,114,752.18	2,161,409.86
OTHER
LIABILITIES	140,556.91	141,474.82	114,312.30	115,861.50	127,694.19
Local	4,061.04	10,369.37	3,211.54	4,512.12	6,233.80
Foreign	136,495.87	131,105.45	111,100.76	111,349.38	121,460.39
STOCKHOLDERS´
EQUITY	627,941.47	626,810.66	635,387.06	640,712.01	640,022.24
Capital	286,605.15	286,799.88	286,980.39	287,163.52	287,340.75
Capital
Reserves	95,210.15	95,210.15	95,210.15	95,210.15	95,210.15
Other
Reserves	-3,390.17	-4,255.32	-3,723.37	-3,011.25	-3,779.18
Retained
Earnings	240,051.38	234,553.98	234,553.98	234,547.90	229,044.41
Net
Income	14,946.21	21,687.61	26,720.98	31,072.91	33,884.82
Gain
or Loss in Securities available for sale	-5,481.25	-7,185.65	-4,355.07	-4,271.22	-1,678.71
Subordinated
Debt	0.00	0.00	0.00	0.00	0.00
LIABILITIES
AND STOCKHOLDER'S EQUITY	4,129,247.37	4,329,880.62	4,281,276.68	4,616,526.45	4,790,610.39

*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.

STATEMENT OF INCOME BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A. DECEMBER 2009 - SEPTEMBER 2010 (In Thousand Balboas) * October 19, 2010

December	January	February	March	April	May	June	July	August	September	October	Year to date
Interest
Income	140,201.06	9,581.27	7,640.60	8,585.97	9,625.04	8,677.64	9,026.50	10,015.69	10,938.47	10,314.31	84,405.49
Loans	114,326.15	8,447.84	6,872.64	7,523.07	8,695.31	7,608.76	8,011.63	8,825.55	9,783.70	9,256.10	75,024.61
Deposits	1,260.49	62.20	52.77	69.23	60.59	75.69	100.90	127.36	67.01	50.03	665.78
Investments	24,614.43	1,071.23	715.19	993.67	869.14	993.18	913.97	1,062.79	1,087.75	1,008.18	8,715.10
Financial
Leases	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other
Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest
Expense	74,969.79	3,752.81	3,269.58	3,568.97	3,350.71	3,398.11	3,451.75	3,825.68	3,881.85	3,784.95	32,284.41
Interest	74,886.82	3,745.36	3,261.10	3,558.69	3,343.68	3,391.57	3,444.69	3,814.63	3,875.80	3,779.92	32,215.44
Commissions	82.97	7.45	8.48	10.28	7.03	6.53	7.06	11.05	6.05	5.04	68.97
Net
Interest Income	65,231.27	5,828.46	4,371.02	5,017.01	6,274.33	5,279.53	5,574.75	6,190.01	7,056.61	6,529.36	52,121.08
Other
Income	24,897.89	653.25	1,282.24	1,614.43	404.80	1,626.20	1,457.39	1,160.14	1,023.21	1,857.96	11,079.63
Commissions	6,483.61	810.68	693.94	738.51	850.15	789.13	977.58	600.47	551.01	810.43	6,821.89
Foreign
currency operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividends	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other
Income	18,414.28	-157.43	588.30	875.92	-445.34	837.07	479.81	559.68	472.21	1,047.53	4,257.74
Operating
Income	90,129.16	6,481.72	5,653.26	6,631.44	6,679.13	6,905.73	7,032.13	7,350.15	8,079.83	8,387.32	63,200.71
Operating
Expenses	36,937.77	3,549.42	3,851.97	3,896.92	2,858.20	3,816.98	4,084.25	3,116.79	3,727.90	4,682.31	33,584.73
Administrative
expenses	19,787.00	1,531.88	1,727.98	2,169.11	1,531.72	1,652.56	2,011.39	1,581.43	1,909.08	2,410.91	16,526.06
General
expenses	4,116.70	337.38	325.02	527.35	267.18	376.55	579.79	233.01	439.92	552.37	3,638.56
Depreciation	2,559.40	215.34	217.00	217.35	195.02	189.51	192.39	199.17	195.99	197.53	1,819.31
Other
expenses	10,474.67	1,464.82	1,581.97	983.11	864.28	1,598.36	1,300.68	1,103.18	1,182.91	1,521.50	11,600.81
Net
Income before provision for loan losses	53,191.39	2,932.30	1,801.29	2,734.52	3,820.94	3,088.75	2,947.89	4,233.37	4,351.93	3,705.01	29,615.98
Provision
for loan losses	14,830.87	0.00	300.67	-3,767.39	3,129.72	-231.43	-3,793.52	-800.00	0.00	893.10	-4,268.83
Net
Income	38,360.52	2,932.30	1,500.61	6,501.91	691.21	3,320.18	6,741.40	5,033.37	4,351.93	2,811.90	33,884.82

*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).