FOREIGN TRADE BANK OF LATIN AMERICA, INC.

Foreign Filer Report • Aug 26, 2010

6-K 1 v195359_6k.htm

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 August, 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.

August 26 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 JUNIO 2010 (En Miles de Balboas) * 22 de julio de 2010

	Variación Absoluta	%	2009 — Diciembre	2010 — Enero	Febrero	Marzo	Abril
ACTIVOS
LIQUIDOS	195,040.04	45.96	424,385.05	374,588.34	362,034.09	348,592.24	375,824.51
Depositos
Locales en Bancos	175.61	648.14	27.09	39.99	255.66	175.37	33.65
A la
Vista	175.61	648.14	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	194,864.25	45.92	424,346.48	374,539.75	361,765.37	348,402.26	375,762.21
A la
Vista	124,864.25	61.10	204,346.48	148,139.75	202,865.37	178,702.26	205,762.21
A
Plazo	70,000.00	31.82	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	0.18	1.60	11.48	8.60	13.06	14.61	28.65
CARTERA
CREDITICIA	312,984.25	11.57	2,705,473.12	2,643,212.60	2,729,005.31	2,861,502.24	2,914,351.79
Locales	98,668.70	173.13	56,992.09	60,921.15	60,849.78	75,973.50	100,901.71
Extranjero	221,795.87	8.15	2,722,269.86	2,656,078.69	2,742,243.44	2,859,465.51	2,890,516.58
Menos
Provisiones	7,480.31	10.14	73,788.83	73,787.24	74,087.91	73,936.77	77,066.49
Locales	674.61	52.72	1,279.69	1,279.69	1,279.69	1,522.31	1,522.31
Extranjero	6,805.70	9.39	72,509.14	72,507.55	72,808.22	72,414.46	75,544.18
INVERSIONES
EN VALORES	13,185.67	2.15	614,353.92	613,396.08	616,501.74	615,159.60	615,035.76
Locales	-36.00	-0.08	43,776.00	43,586.00	43,960.00	43,572.00	43,708.00
Extranjero	13,221.67	2.32	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	16,598.72	34.68	47,859.85	47,659.41	50,759.94	41,892.90	48,373.56
Locales	812.56	21.80	3,726.64	4,053.24	4,311.42	466.14	3,977.44
Extranjero	15,786.16	35.77	44,133.21	43,606.17	46,448.52	41,426.76	44,396.12
TOTAL
DE ACTIVOS	537,808.67	14.18	3,792,071.95	3,678,856.42	3,758,301.07	3,867,146.98	3,953,585.61
DEPOSITOS	250,939.36	19.96	1,256,977.97	1,270,196.08	1,355,586.12	1,356,077.64	1,332,000.26
Locales	78,224.46	71.85	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	31,000.00	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	31,000.00	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	47,224.46	43.37	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	47,191.23	43.46	108,577.90	111,563.37	103,566.36	122,074.90	96,078.22
Extranjero	172,714.90	15.04	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	-15,926.88	-86.83	18,343.29	2,365.51	2,180.82	2,317.37	2,234.44
A la
Vista	-927.54	-35.46	2,615.55	1,637.77	1,452.74	1,589.29	1,506.37
A
Plazo	-14,999.34	-95.37	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	188,641.78	16.70	1,129,758.45	1,116,968.89	1,210,541.18	1,192,388.09	1,206,332.95
A la
Vista	-27,264.96	-55.42	49,193.30	39,660.25	44,172.37	35,748.27	34,163.06
A
Plazo	215,906.74	19.98	1,080,565.15	1,077,308.64	1,166,368.81	1,156,639.82	1,172,169.89
OBLIGACIONES	261,006.84	14.56	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	261,006.84	14.56	1,792,670.97	1,662,213.88	1,664,236.27	1,775,171.91	1,883,387.61
OTROS
PASIVOS	18,849.46	15.37	122,625.36	129,561.54	121,811.46	109,946.01	111,682.39
Locales	-182.78	-1.73	10,552.15	13,964.05	9,040.63	9,379.45	9,007.22
Extranjero	19,032.24	16.98	112,073.21	115,597.49	112,770.83	100,566.56	102,675.17
PATRIMONIO	7,013.02	1.13	619,797.64	616,884.91	616,667.23	625,849.26	626,515.36
Capital	1,601.12	0.56	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	-1,339.28	45.93	-2,916.04	-3,540.36	-3,455.61	-3,658.56	-3,566.67
Utilidad
de Periodos Anteriores	27,365.71	13.21	207,188.27	245,548.79	240,066.95	240,060.46	240,051.38
Utilidad
de Periodo	-16,672.91	-43.46	38,360.52	2,932.30	4,432.91	10,934.82	11,626.04
Ganancia
o Perdida en Valores Disponible para la venta	-3,941.62	121.50	-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	537,808.67	14.18	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 JUNIO 2010 (En Miles de Balboas) * 22 de julio de 2010

	2010 — Mayo	Junio
ACTIVOS
LIQUIDOS	572,159.88	619,425.09
Depositos
Locales en Bancos	152.32	202.70
A la
Vista	152.32	202.70
A
Plazo	0.00	0.00
Depositos
Extranjeros en Bancos	571,996.54	619,210.73
A la
Vista	324,796.54	329,210.73
A
Plazo	247,200.00	290,000.00
Menos
Provisiones	0.00	0.00
Locales	0.00	0.00
Extranjero	0.00	0.00
Otros	11.03	11.66
CARTERA
CREDITICIA	2,854,379.53	3,018,457.38
Locales	100,201.71	155,660.79
Extranjero	2,828,883.65	2,944,065.73
Menos
Provisiones	74,705.83	81,269.14
Locales	1,522.31	1,954.30
Extranjero	73,183.52	79,314.85
INVERSIONES
EN VALORES	625,690.35	627,539.59
Locales	43,670.00	43,740.00
Extranjero	582,020.35	583,799.59
Menos
Provisiones	0.00	0.00
Locales	0.00	0.00
Extranjero	0.00	0.00
OTROS
ACTIVOS	77,017.60	64,458.57
Locales	4,563.09	4,539.20
Extranjero	72,454.52	59,919.37
TOTAL
DE ACTIVOS	4,129,247.37	4,329,880.62
DEPOSITOS	1,428,696.25	1,507,917.33
Locales	128,409.55	187,100.69
Oficiales	0.00	0.00
De
Particulares	41,000.00	31,000.00
A la
Vista	0.00	0.00
A
Plazo	41,000.00	31,000.00
De
Ahorros	0.00	0.00
De
Bancos	87,409.55	156,100.69
A la
Vista	331.62	331.55
A
Plazo	87,077.93	155,769.14
Extranjero	1,300,286.70	1,320,816.64
Oficiales	0.00	0.00
De
Particulares	2,737.33	2,416.41
A la
Vista	2,008.94	1,688.02
A
Plazo	728.40	728.40
De
Ahorros	0.00	0.00
De
Bancos	1,297,549.37	1,318,400.23
A la
Vista	23,005.47	21,928.34
A
Plazo	1,274,543.90	1,296,471.89
OBLIGACIONES	1,932,052.74	2,053,677.81
Locales	0.00	0.00
Extranjero	1,932,052.74	2,053,677.81
OTROS
PASIVOS	140,556.91	141,474.82
Locales	4,061.04	10,369.37
Extranjero	136,495.87	131,105.45
PATRIMONIO	627,941.47	626,810.66
Capital	286,605.15	286,799.88
Reservas
de Capital	95,210.15	95,210.15
Otras
Reservas	-3,390.17	-4,255.32
Utilidad
de Periodos Anteriores	240,051.38	234,553.98
Utilidad
de Periodo	14,946.21	21,687.61
Ganancia
o Perdida en Valores Disponible para la venta	-5,481.25	-7,185.65
Deuda
Subordinada	0.00	0.00
PASIVO
Y PATRIMONIO	4,129,247.37	4,329,880.62

*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 JUNIO 2010 (En Miles de Balboas) * 22 de julio de 2010

	2009 — Diciembre	2010 — Enero	Febrero	Marzo	Abril	Mayo	Junio	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	53,137.03
Préstamos	114,326.15	8,447.84	6,872.64	7,523.07	8,695.31	7,608.76	8,011.63	47,159.26
Depósitos	1,260.49	62.20	52.77	69.23	60.59	75.69	100.90	421.39
Inversiones	24,614.43	1,071.23	715.19	993.67	869.14	993.18	913.97	5,556.38
Arrendamiento
Financiero	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
Egresos
de Operaciones	74,969.79	3,752.81	3,269.58	3,568.97	3,350.71	3,398.11	3,451.75	20,791.93
Intereses
Pagados	74,886.82	3,745.36	3,261.10	3,558.69	3,343.68	3,391.57	3,444.69	20,745.09
Comisiones	82.97	7.45	8.48	10.28	7.03	6.53	7.06	46.83
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	32,345.10
Otros
Ingresos	24,897.89	653.25	1,282.24	1,614.43	404.80	1,626.20	1,457.39	7,038.32
Comisiones	6,483.61	810.68	693.94	738.51	850.15	789.13	977.58	4,859.99
Operaciones
con Divisas	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
Otros
ingresos	18,414.28	-157.43	588.30	875.92	-445.34	837.07	479.81	2,178.32
Ingresos
de Operaciones	90,129.16	6,481.72	5,653.26	6,631.44	6,679.13	6,905.73	7,032.13	39,383.42
Egresos
Generales	36,937.77	3,549.42	3,851.97	3,896.92	2,858.20	3,816.98	4,084.25	22,057.74
Gastos
Administrativos	19,787.00	1,531.88	1,727.98	2,169.11	1,531.72	1,652.56	2,011.39	10,624.64
Gastos
Generales	4,116.70	337.38	325.02	527.35	267.18	376.55	579.79	2,413.26
Gastos
de Depreciación	2,559.40	215.34	217.00	217.35	195.02	189.51	192.39	1,226.62
Otros
Gastos	10,474.67	1,464.82	1,581.97	983.11	864.28	1,598.36	1,300.68	7,793.21
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	17,325.68
Provisiones
por Cuentas Malas	14,830.87	0.00	300.67	-3,767.39	3,129.72	-231.43	-3,793.52	-4,361.94
Utilidad
del Periodo	38,360.52	2,932.30	1,500.61	6,501.91	691.21	3,320.18	6,741.40	21,687.61

*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).

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 - JUNE 2010
(In
Thousand Balboas) *

	Absolute Variation	%	2009 — December	2010 — January	February	March	April
LIQUID
ASSETS	195,040.04	45.96	424,385.05	374,588.34	362,034.09	348,592.24	375,824.51
Local
Deposits in Banks	175.61	648.14	27.09	39.99	255.66	175.37	33.65
Demand	175.61	648.14	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	194,864.25	45.92	424,346.48	374,539.75	361,765.37	348,402.26	375,762.21
Demand	124,864.25	61.10	204,346.48	148,139.75	202,865.37	178,702.26	205,762.21
Time	70,000.00	31.82	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	0.18	1.60	11.48	8.60	13.06	14.61	28.65
CREDIT
PORTFOLIO	312,984.25	11.57	2,705,473.12	2,643,212.60	2,729,005.31	2,861,502.24	2,914,351.79
Local	98,668.70	173.13	56,992.09	60,921.15	60,849.78	75,973.50	100,901.71
Foreign	221,795.87	8.15	2,722,269.86	2,656,078.69	2,742,243.44	2,859,465.51	2,890,516.58
Less
Allowance	7,480.31	10.14	73,788.83	73,787.24	74,087.91	73,936.77	77,066.49
Local	674.61	52.72	1,279.69	1,279.69	1,279.69	1,522.31	1,522.31
Foreign	6,805.70	9.39	72,509.14	72,507.55	72,808.22	72,414.46	75,544.18
INVESTMENT
SECURITIES	13,185.67	2.15	614,353.92	613,396.08	616,501.74	615,159.60	615,035.76
Local	-36.00	-0.08	43,776.00	43,586.00	43,960.00	43,572.00	43,708.00
Foreign	13,221.67	2.32	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	16,598.72	34.68	47,859.85	47,659.41	50,759.94	41,892.90	48,373.56
Local	812.56	21.80	3,726.64	4,053.24	4,311.42	466.14	3,977.44
Foreign	15,786.16	35.77	44,133.21	43,606.17	46,448.52	41,426.76	44,396.12
TOTAL
ASSETS	537,808.67	14.18	3,792,071.95	3,678,856.42	3,758,301.07	3,867,146.98	3,953,585.61
DEPOSITS	250,939.36	19.96	1,256,977.97	1,270,196.08	1,355,586.12	1,356,077.64	1,332,000.26
Local	78,224.46	71.85	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	31,000.00	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	31,000.00	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	47,224.46	43.37	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	47,191.23	43.46	108,577.90	111,563.37	103,566.36	122,074.90	96,078.22
Foreign	172,714.90	15.04	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	-15,926.88	-86.83	18,343.29	2,365.51	2,180.82	2,317.37	2,234.44
Demand	-927.54	-35.46	2,615.55	1,637.77	1,452.74	1,589.29	1,506.37
Time	-14,999.34	-95.37	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	188,641.78	16.70	1,129,758.45	1,116,968.89	1,210,541.18	1,192,388.09	1,206,332.95
Demand	-27,264.96	-55.42	49,193.30	39,660.25	44,172.37	35,748.27	34,163.06
Time	215,906.74	19.98	1,080,565.15	1,077,308.64	1,166,368.81	1,156,639.82	1,172,169.89
BORROWINGS	261,006.84	14.56	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	261,006.84	14.56	1,792,670.97	1,662,213.88	1,664,236.27	1,775,171.91	1,883,387.61
OTHER
LIABILITIES	18,849.46	15.37	122,625.36	129,561.54	121,811.46	109,946.01	111,682.39
Local	-182.78	-1.73	10,552.15	13,964.05	9,040.63	9,379.45	9,007.22
Foreign	19,032.24	16.98	112,073.21	115,597.49	112,770.83	100,566.56	102,675.17
STOCKHOLDERS´
EQUITY	7,013.02	1.13	619,797.64	616,884.91	616,667.23	625,849.26	626,515.36
Capital	1,601.12	0.56	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	-1,339.28	45.93	-2,916.04	-3,540.36	-3,455.61	-3,658.56	-3,566.67
Retained
Earnings	27,365.71	13.21	207,188.27	245,548.79	240,066.95	240,060.46	240,051.38
Net
Income	-16,672.91	-43.46	38,360.52	2,932.30	4,432.91	10,934.82	11,626.04
Gain
or Loss in Securities available for sale	-3,941.62	121.50	-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	537,808.67	14.18	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 - JUNE 2010
(In
Thousand Balboas) *

	2010 — May	June
LIQUID
ASSETS	572,159.88	619,425.09
Local
Deposits in Banks	152.32	202.70
Demand	152.32	202.70
Time	0.00	0.00
Foreign
Deposits in Banks	571,996.54	619,210.73
Demand	324,796.54	329,210.73
Time	247,200.00	290,000.00
Less
Allowance	0.00	0.00
Local	0.00	0.00
Foreign	0.00	0.00
Others	11.03	11.66
CREDIT
PORTFOLIO	2,854,379.53	3,018,457.38
Local	100,201.71	155,660.79
Foreign	2,828,883.65	2,944,065.73
Less
Allowance	74,705.83	81,269.14
Local	1,522.31	1,954.30
Foreign	73,183.52	79,314.85
INVESTMENT
SECURITIES	625,690.35	627,539.59
Local	43,670.00	43,740.00
Foreign	582,020.35	583,799.59
Less
Allowance	0.00	0.00
Local	0.00	0.00
Foreign	0.00	0.00
OTHER
ASSETS	77,017.60	64,458.57
Local	4,563.09	4,539.20
Foreign	72,454.52	59,919.37
TOTAL
ASSETS	4,129,247.37	4,329,880.62
DEPOSITS	1,428,696.25	1,507,917.33
Local	128,409.55	187,100.69
Government	0.00	0.00
Customers	41,000.00	31,000.00
Demand	0.00	0.00
Time	41,000.00	31,000.00
Savings	0.00	0.00
From
Banks	87,409.55	156,100.69
Demand	331.62	331.55
Time	87,077.93	155,769.14
Foreign	1,300,286.70	1,320,816.64
Government	0.00	0.00
Customers	2,737.33	2,416.41
Demand	2,008.94	1,688.02
Time	728.40	728.40
Savings	0.00	0.00
From
Banks	1,297,549.37	1,318,400.23
Demand	23,005.47	21,928.34
Time	1,274,543.90	1,296,471.89
BORROWINGS	1,932,052.74	2,053,677.81
Local	0.00	0.00
Foreign	1,932,052.74	2,053,677.81
OTHER
LIABILITIES	140,556.91	141,474.82
Local	4,061.04	10,369.37
Foreign	136,495.87	131,105.45
STOCKHOLDERS´
EQUITY	627,941.47	626,810.66
Capital	286,605.15	286,799.88
Capital
Reserves	95,210.15	95,210.15
Other
Reserves	-3,390.17	-4,255.32
Retained
Earnings	240,051.38	234,553.98
Net
Income	14,946.21	21,687.61
Gain
or Loss in Securities available for sale	-5,481.25	-7,185.65
Subordinated
Debt	0.00	0.00
LIABILITIES
AND STOCKHOLDER'S EQUITY	4,129,247.37	4,329,880.62

*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 - JUNE 2010
(In
Thousand Balboas) *

	2009 — December	2010 — January	February	March	April	May	June	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	53,137.03
Loans	114,326.15	8,447.84	6,872.64	7,523.07	8,695.31	7,608.76	8,011.63	47,159.26
Deposits	1,260.49	62.20	52.77	69.23	60.59	75.69	100.90	421.39
Investments	24,614.43	1,071.23	715.19	993.67	869.14	993.18	913.97	5,556.38
Financial
Leases	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
Interest
Expense	74,969.79	3,752.81	3,269.58	3,568.97	3,350.71	3,398.11	3,451.75	20,791.93
Interest	74,886.82	3,745.36	3,261.10	3,558.69	3,343.68	3,391.57	3,444.69	20,745.09
Commissions	82.97	7.45	8.48	10.28	7.03	6.53	7.06	46.83
Net
Interest Income	65,231.27	5,828.46	4,371.02	5,017.01	6,274.33	5,279.53	5,574.75	32,345.10
Other
Income	24,897.89	653.25	1,282.24	1,614.43	404.80	1,626.20	1,457.39	7,038.32
Commissions	6,483.61	810.68	693.94	738.51	850.15	789.13	977.58	4,859.99
Foreign
currency operations	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
Other
Income	18,414.28	-157.43	588.30	875.92	-445.34	837.07	479.81	2,178.32
Operating
Income	90,129.16	6,481.72	5,653.26	6,631.44	6,679.13	6,905.73	7,032.13	39,383.42
Operating
Expenses	36,937.77	3,549.42	3,851.97	3,896.92	2,858.20	3,816.98	4,084.25	22,057.74
Administrative
expenses	19,787.00	1,531.88	1,727.98	2,169.11	1,531.72	1,652.56	2,011.39	10,624.64
General
expenses	4,116.70	337.38	325.02	527.35	267.18	376.55	579.79	2,413.26
Depreciation	2,559.40	215.34	217.00	217.35	195.02	189.51	192.39	1,226.62
Other
expenses	10,474.67	1,464.82	1,581.97	983.11	864.28	1,598.36	1,300.68	7,793.21
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	17,325.68
Provision
for loan losses	14,830.87	0.00	300.67	-3,767.39	3,129.72	-231.43	-3,793.52	-4,361.94
Net
Income	38,360.52	2,932.30	1,500.61	6,501.91	691.21	3,320.18	6,741.40	21,687.61

*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).