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FOREIGN TRADE BANK OF LATIN AMERICA, INC.

Foreign Filer Report Jul 16, 2010

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6-K 1 v190778_6k.htm Unassociated Document Licensed to: Vintage Filings Document Created using EDGARizer 4.0.6.1 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, 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 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.

| FOREIGN TRADE
BANK OF LATIN AMERICA, INC. — By: |
| --- |
| 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 MAYO 2010 (En Miles de Balboas) * 21 de junio de 2010

| Variai ó n
Absoluta | % | Diciembre | Enero | Febrero | Marzo | Abril | Mayo | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ACTIVOS
LIQUIDOS | 147,774.83 | 34.82 | 424,385.05 | 374,588.34 | 362,034.09 | 348,592.24 | 375,824.51 | 572,159.88 |
| Depositos
Locales en Bancos | 125.22 | 462.18 | 27.09 | 39.99 | 255.66 | 175.37 | 33.65 | 152.32 |
| A
la Vista | 125.22 | 462.18 | 27.09 | 39.99 | 255.66 | 175.37 | 33.65 | 152.32 |
| A
Plazo | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depositos
Extranjeros en Bancos | 147,650.06 | 34.79 | 424,346.48 | 374,539.75 | 361,765.37 | 348,402.26 | 375,762.21 | 571,996.54 |
| A
la Vista | 120,450.06 | 58.94 | 204,346.48 | 148,139.75 | 202,865.37 | 178,702.26 | 205,762.21 | 324,796.54 |
| A
Plazo | 27,200.00 | 12.36 | 220,000.00 | 226,400.00 | 158,900.00 | 169,700.00 | 170,000.00 | 247,200.00 |
| 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 | -0.45 | -3.93 | 11.48 | 8.60 | 13.06 | 14.61 | 28.65 | 11.03 |
| CARTERA
CREDITICIA | 148,906.41 | 5.50 | 2,705,473.12 | 2,643,212.60 | 2,729,005.31 | 2,861,502.24 | 2,914,351.79 | 2,854,379.53 |
| Locales | 43,209.62 | 75.82 | 56,992.09 | 60,921.15 | 60,849.78 | 75,973.50 | 100,901.71 | 100,201.71 |
| Extranjero | 106,613.79 | 3.92 | 2,722,269.86 | 2,656,078.69 | 2,742,243.44 | 2,859,465.51 | 2,890,516.58 | 2,828,883.65 |
| Menos
Provisiones | 917.00 | 1.24 | 73,788.83 | 73,787.24 | 74,087.91 | 73,936.77 | 77,066.49 | 74,705.83 |
| Locales | 242.63 | 18.96 | 1,279.69 | 1,279.69 | 1,279.69 | 1,522.31 | 1,522.31 | 1,522.31 |
| Extranjero | 674.37 | 0.93 | 72,509.14 | 72,507.55 | 72,808.22 | 72,414.46 | 75,544.18 | 73,183.52 |
| INVERSIONES
EN VALORES | 11,336.43 | 1.85 | 614,353.92 | 613,396.08 | 616,501.74 | 615,159.60 | 615,035.76 | 625,690.35 |
| Locales | -106.00 | -0.24 | 43,776.00 | 43,586.00 | 43,960.00 | 43,572.00 | 43,708.00 | 43,670.00 |
| Extranjero | 11,442.43 | 2.01 | 570,577.92 | 569,810.08 | 572,541.74 | 571,587.60 | 571,327.76 | 582,020.35 |
| 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 | 29,157.75 | 60.92 | 47,859.85 | 47,659.41 | 50,759.94 | 41,892.90 | 48,373.56 | 77,017.60 |
| Locales | 836.45 | 22.45 | 3,726.64 | 4,053.24 | 4,311.42 | 466.14 | 3,977.44 | 4,563.09 |
| Extranjero | 28,321.31 | 64.17 | 44,133.21 | 43,606.17 | 46,448.52 | 41,426.76 | 44,396.12 | 72,454.52 |
| TOTAL
DE ACTIVOS | 337,175.42 | 8.89 | 3,792,071.95 | 3,678,856.42 | 3,758,301.07 | 3,867,146.98 | 3,953,585.61 | 4,129,247.37 |
| DEPOSITOS | 171,718.28 | 13.66 | 1,256,977.97 | 1,270,196.08 | 1,355,586.12 | 1,356,077.64 | 1,332,000.26 | 1,428,696.25 |
| Locales | 19,533.33 | 17.94 | 108,876.22 | 150,861.68 | 142,864.13 | 161,372.18 | 123,432.86 | 128,409.55 |
| Oficiales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De
Particulares | 41,000.00 | 0.00 | 0.00 | 39,000.00 | 39,000.00 | 39,000.00 | 27,000.00 | 41,000.00 |
| A
la Vista | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A
Plazo | 41,000.00 | 0.00 | 0.00 | 39,000.00 | 39,000.00 | 39,000.00 | 27,000.00 | 41,000.00 |
| De
Ahorros | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De
Bancos | -21,466.67 | -19.72 | 108,876.22 | 111,861.68 | 103,864.13 | 122,372.18 | 96,432.86 | 87,409.55 |
| A
la Vista | 33.30 | 11.16 | 298.32 | 298.32 | 297.76 | 297.29 | 354.64 | 331.62 |
| A
Plazo | -21,499.97 | -19.80 | 108,577.90 | 111,563.37 | 103,566.36 | 122,074.90 | 96,078.22 | 87,077.93 |
| Extranjero | 152,184.96 | 13.26 | 1,148,101.75 | 1,119,334.40 | 1,212,722.00 | 1,194,705.45 | 1,208,567.40 | 1,300,286.70 |
| Oficiales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De
Particulares | -15,605.96 | -85.08 | 18,343.29 | 2,365.51 | 2,180.82 | 2,317.37 | 2,234.44 | 2,737.33 |
| A
la Vista | -606.62 | -23.19 | 2,615.55 | 1,637.77 | 1,452.74 | 1,589.29 | 1,506.37 | 2,008.94 |
| A
Plazo | -14,999.34 | -95.37 | 15,727.74 | 727.74 | 728.08 | 728.08 | 728.08 | 728.40 |
| De
Ahorros | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De
Bancos | 167,790.91 | 14.85 | 1,129,758.45 | 1,116,968.89 | 1,210,541.18 | 1,192,388.09 | 1,206,332.95 | 1,297,549.37 |
| A
la Vista | -26,187.83 | -53.23 | 49,193.30 | 39,660.25 | 44,172.37 | 35,748.27 | 34,163.06 | 23,005.47 |
| A
Plazo | 193,978.75 | 17.95 | 1,080,565.15 | 1,077,308.64 | 1,166,368.81 | 1,156,639.82 | 1,172,169.89 | 1,274,543.90 |
| OBLIGACIONES | 139,381.76 | 7.78 | 1,792,670.97 | 1,662,213.88 | 1,664,236.27 | 1,775,274.07 | 1,883,387.61 | 1,932,052.74 |
| Locales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 102.17 | 0.00 | 0.00 |
| Extranjero | 139,381.76 | 7.78 | 1,792,670.97 | 1,662,213.88 | 1,664,236.27 | 1,775,171.91 | 1,883,387.61 | 1,932,052.74 |
| OTROS
PASIVOS | 17,931.54 | 14.62 | 122,625.36 | 129,561.54 | 121,811.46 | 109,946.01 | 111,682.39 | 140,556.91 |
| Locales | -6,491.11 | -61.51 | 10,552.15 | 13,964.05 | 9,040.63 | 9,379.45 | 9,007.22 | 4,061.04 |
| Extranjero | 24,422.66 | 21.79 | 112,073.21 | 115,597.49 | 112,770.83 | 100,566.56 | 102,675.17 | 136,495.87 |
| PATRIMONIO | 8,143.83 | 1.31 | 619,797.64 | 616,884.91 | 616,667.23 | 625,849.26 | 626,515.36 | 627,941.47 |
| Capital | 1,406.38 | 0.49 | 285,198.77 | 285,340.34 | 285,484.56 | 285,959.89 | 286,428.79 | 286,605.15 |
| Reservas
de Capital | 0.00 | 0.00 | 95,210.15 | 95,210.15 | 95,210.15 | 95,210.15 | 95,210.15 | 95,210.15 |
| Otras
Reservas | -474.14 | 16.26 | -2,916.04 | -3,540.36 | -3,455.61 | -3,658.56 | -3,566.67 | -3,390.17 |
| Utilidad
de Periodos Anteriores | 32,863.11 | 15.86 | 207,188.27 | 245,548.79 | 240,066.95 | 240,060.46 | 240,051.38 | 240,051.38 |
| Utilidad
de Periodo | -23,414.31 | -61.04 | 38,360.52 | 2,932.30 | 4,432.91 | 10,934.82 | 11,626.04 | 14,946.21 |
| Ganancia o Perdida en Valores Disponible para la
venta | -2,237.21 | 68.96 | -3,244.03 | -8,606.32 | -5,071.75 | -2,657.50 | -3,234.33 | -5,481.25 |
| Deuda
Subordinada | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PASIVO
Y PATRIMONIO | 337,175.42 | 8.89 | 3,792,071.95 | 3,678,856.42 | 3,758,301.08 | 3,867,146.98 | 3,953,585.61 | 4,129,247.37 |

*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 RESULTADOS BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A. DE DICIEMBRE 2009 A MAYO 2010 (En Miles de Balboas) * 21 de junio de 2010

Diciembre 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 44,110.53
Préstamos 114,326.15 8,447.84 6,872.64 7,523.07 8,695.31 7,608.76 39,147.63
Depósitos 1,260.49 62.20 52.77 69.23 60.59 75.69 320.49
Inversiones 24,614.43 1,071.23 715.19 993.67 869.14 993.18 4,642.41
Arrendamiento
Financiero 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
Egresos
de Operaciones 74,969.79 3,752.81 3,269.58 3,568.97 3,350.71 3,398.11 17,340.17
Intereses
Pagados 74,886.82 3,745.36 3,261.10 3,558.69 3,343.68 3,391.57 17,300.40
Comisiones 82.97 7.45 8.48 10.28 7.03 6.53 39.77
Ingreso
Neto de Intereses 65,231.27 5,828.46 4,371.02 5,017.01 6,274.33 5,279.53 26,770.35
Otros
Ingresos 24,897.89 653.25 1,282.24 1,614.43 404.80 1,626.20 5,580.93
Comisiones 6,483.61 810.68 693.94 738.51 850.15 789.13 3,882.41
Operaciones
con Divisas 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
Otros
ingresos 18,414.28 -157.43 588.30 875.92 -445.34 837.07 1,698.52
Ingresos
de Operaciones 90,129.16 6,481.72 5,653.26 6,631.44 6,679.13 6,905.73 32,351.29
Egresos
Generales 36,937.77 3,549.42 3,851.97 3,896.92 2,858.20 3,816.98 17,973.49
Gastos
Administrativos 19,787.00 1,531.88 1,727.98 2,169.11 1,531.72 1,652.56 8,613.25
Gastos
Generales 4,116.70 337.38 325.02 527.35 267.18 376.55 1,833.48
Gastos
de Depreciación 2,559.40 215.34 217.00 217.35 195.02 189.51 1,034.23
Otros
Gastos 10,474.67 1,464.82 1,581.97 983.11 864.28 1,598.36 6,492.53
Utilidad
antes de Provisiones 53,191.39 2,932.30 1,801.29 2,734.52 3,820.94 3,088.75 14,377.79
Provisiones
por Cuentas Malas 14,830.87 0.00 300.67 -3,767.39 3,129.72 -231.43 -568.42
Utilidad
del Periodo 38,360.52 2,932.30 1,500.61 6,501.91 691.21 3,320.18 14,946.21

*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 - MAY 2010 (In Thousand Balboas) * June 21, 2010

| Absolute
Variation | % | December | January | February | March | April | May | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| LIQUID
ASSETS | 147,774.83 | 34.82 | 424,385.05 | 374,588.34 | 362,034.09 | 348,592.24 | 375,824.51 | 572,159.88 |
| Local
Deposits in Banks | 125.22 | 462.18 | 27.09 | 39.99 | 255.66 | 175.37 | 33.65 | 152.32 |
| Demand | 125.22 | 462.18 | 27.09 | 39.99 | 255.66 | 175.37 | 33.65 | 152.32 |
| Time | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign
Deposits in Banks | 147,650.06 | 34.79 | 424,346.48 | 374,539.75 | 361,765.37 | 348,402.26 | 375,762.21 | 571,996.54 |
| Demand | 120,450.06 | 58.94 | 204,346.48 | 148,139.75 | 202,865.37 | 178,702.26 | 205,762.21 | 324,796.54 |
| Time | 27,200.00 | 12.36 | 220,000.00 | 226,400.00 | 158,900.00 | 169,700.00 | 170,000.00 | 247,200.00 |
| 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 | -0.45 | -3.93 | 11.48 | 8.60 | 13.06 | 14.61 | 28.65 | 11.03 |
| CREDIT
PORTFOLIO | 148,906.41 | 5.50 | 2,705,473.12 | 2,643,212.60 | 2,729,005.31 | 2,861,502.24 | 2,914,351.79 | 2,854,379.53 |
| Local | 43,209.62 | 75.82 | 56,992.09 | 60,921.15 | 60,849.78 | 75,973.50 | 100,901.71 | 100,201.71 |
| Foreign | 106,613.79 | 3.92 | 2,722,269.86 | 2,656,078.69 | 2,742,243.44 | 2,859,465.51 | 2,890,516.58 | 2,828,883.65 |
| Less
Allowance | 917.00 | 1.24 | 73,788.83 | 73,787.24 | 74,087.91 | 73,936.77 | 77,066.49 | 74,705.83 |
| Local | 242.63 | 18.96 | 1,279.69 | 1,279.69 | 1,279.69 | 1,522.31 | 1,522.31 | 1,522.31 |
| Foreign | 674.37 | 0.93 | 72,509.14 | 72,507.55 | 72,808.22 | 72,414.46 | 75,544.18 | 73,183.52 |
| INVESTMENT
SECURITIES | 11,336.43 | 1.85 | 614,353.92 | 613,396.08 | 616,501.74 | 615,159.60 | 615,035.76 | 625,690.35 |
| Local | -106.00 | -0.24 | 43,776.00 | 43,586.00 | 43,960.00 | 43,572.00 | 43,708.00 | 43,670.00 |
| Foreign | 11,442.43 | 2.01 | 570,577.92 | 569,810.08 | 572,541.74 | 571,587.60 | 571,327.76 | 582,020.35 |
| 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 | 29,157.75 | 60.92 | 47,859.85 | 47,659.41 | 50,759.94 | 41,892.90 | 48,373.56 | 77,017.60 |
| Local | 836.45 | 22.45 | 3,726.64 | 4,053.24 | 4,311.42 | 466.14 | 3,977.44 | 4,563.09 |
| Foreign | 28,321.31 | 64.17 | 44,133.21 | 43,606.17 | 46,448.52 | 41,426.76 | 44,396.12 | 72,454.52 |
| TOTAL
ASSETS | 337,175.42 | 8.89 | 3,792,071.95 | 3,678,856.42 | 3,758,301.07 | 3,867,146.98 | 3,953,585.61 | 4,129,247.37 |
| DEPOSITS | 171,718.28 | 13.66 | 1,256,977.97 | 1,270,196.08 | 1,355,586.12 | 1,356,077.64 | 1,332,000.26 | 1,428,696.25 |
| Local | 19,533.33 | 17.94 | 108,876.22 | 150,861.68 | 142,864.13 | 161,372.18 | 123,432.86 | 128,409.55 |
| Government | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Customers | 41,000.00 | 0.00 | 0.00 | 39,000.00 | 39,000.00 | 39,000.00 | 27,000.00 | 41,000.00 |
| Demand | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Time | 41,000.00 | 0.00 | 0.00 | 39,000.00 | 39,000.00 | 39,000.00 | 27,000.00 | 41,000.00 |
| Savings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| From
Banks | -21,466.67 | -19.72 | 108,876.22 | 111,861.68 | 103,864.13 | 122,372.18 | 96,432.86 | 87,409.55 |
| Demand | 33.30 | 11.16 | 298.32 | 298.32 | 297.76 | 297.29 | 354.64 | 331.62 |
| Time | -21,499.97 | -19.80 | 108,577.90 | 111,563.37 | 103,566.36 | 122,074.90 | 96,078.22 | 87,077.93 |
| Foreign | 152,184.96 | 13.26 | 1,148,101.75 | 1,119,334.40 | 1,212,722.00 | 1,194,705.45 | 1,208,567.40 | 1,300,286.70 |
| Government | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Customers | -15,605.96 | -85.08 | 18,343.29 | 2,365.51 | 2,180.82 | 2,317.37 | 2,234.44 | 2,737.33 |
| Demand | -606.62 | -23.19 | 2,615.55 | 1,637.77 | 1,452.74 | 1,589.29 | 1,506.37 | 2,008.94 |
| Time | -14,999.34 | -95.37 | 15,727.74 | 727.74 | 728.08 | 728.08 | 728.08 | 728.40 |
| Savings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| From
Banks | 167,790.91 | 14.85 | 1,129,758.45 | 1,116,968.89 | 1,210,541.18 | 1,192,388.09 | 1,206,332.95 | 1,297,549.37 |
| Demand | -26,187.83 | -53.23 | 49,193.30 | 39,660.25 | 44,172.37 | 35,748.27 | 34,163.06 | 23,005.47 |
| Time | 193,978.75 | 17.95 | 1,080,565.15 | 1,077,308.64 | 1,166,368.81 | 1,156,639.82 | 1,172,169.89 | 1,274,543.90 |
| BORROWINGS | 139,381.76 | 7.78 | 1,792,670.97 | 1,662,213.88 | 1,664,236.27 | 1,775,274.07 | 1,883,387.61 | 1,932,052.74 |
| Local | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 102.17 | 0.00 | 0.00 |
| Foreign | 139,381.76 | 7.78 | 1,792,670.97 | 1,662,213.88 | 1,664,236.27 | 1,775,171.91 | 1,883,387.61 | 1,932,052.74 |
| OTHER
LIABILITIES | 17,931.54 | 14.62 | 122,625.36 | 129,561.54 | 121,811.46 | 109,946.01 | 111,682.39 | 140,556.91 |
| Local | -6,491.11 | -61.51 | 10,552.15 | 13,964.05 | 9,040.63 | 9,379.45 | 9,007.22 | 4,061.04 |
| Foreign | 24,422.66 | 21.79 | 112,073.21 | 115,597.49 | 112,770.83 | 100,566.56 | 102,675.17 | 136,495.87 |
| STOCKHOLDERS´
EQUITY | 8,143.83 | 1.31 | 619,797.64 | 616,884.91 | 616,667.23 | 625,849.26 | 626,515.36 | 627,941.47 |
| Capital | 1,406.38 | 0.49 | 285,198.77 | 285,340.34 | 285,484.56 | 285,959.89 | 286,428.79 | 286,605.15 |
| Capital
Reserves | 0.00 | 0.00 | 95,210.15 | 95,210.15 | 95,210.15 | 95,210.15 | 95,210.15 | 95,210.15 |
| Other
Reserves | -474.14 | 16.26 | -2,916.04 | -3,540.36 | -3,455.61 | -3,658.56 | -3,566.67 | -3,390.17 |
| Retained
Earnings | 32,863.11 | 15.86 | 207,188.27 | 245,548.79 | 240,066.95 | 240,060.46 | 240,051.38 | 240,051.38 |
| Net
Income | -23,414.31 | -61.04 | 38,360.52 | 2,932.30 | 4,432.91 | 10,934.82 | 11,626.04 | 14,946.21 |
| Gain
or Loss in Securities available for sale | -2,237.21 | 68.96 | -3,244.03 | -8,606.32 | -5,071.75 | -2,657.50 | -3,234.33 | -5,481.25 |
| Subordinated
Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| LIABILITIES
AND STOCKHOLDER'S EQUITY | 337,175.42 | 8.89 | 3,792,071.95 | 3,678,856.42 | 3,758,301.08 | 3,867,146.98 | 3,953,585.61 | 4,129,247.37 |

*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).

STATEMENT OF INCOME BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A. DECEMBER 2009 - MAY 2010 (In Thousand Balboas) * June 21, 2010

| December | 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 | 44,110.53 |
| Loans | 114,326.15 | 8,447.84 | 6,872.64 | 7,523.07 | 8,695.31 | 7,608.76 | 39,147.63 |
| Deposits | 1,260.49 | 62.20 | 52.77 | 69.23 | 60.59 | 75.69 | 320.49 |
| Investments | 24,614.43 | 1,071.23 | 715.19 | 993.67 | 869.14 | 993.18 | 4,642.41 |
| Financial
Leases | 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 |
| Interest
Expense | 74,969.79 | 3,752.81 | 3,269.58 | 3,568.97 | 3,350.71 | 3,398.11 | 17,340.17 |
| Interest | 74,886.82 | 3,745.36 | 3,261.10 | 3,558.69 | 3,343.68 | 3,391.57 | 17,300.40 |
| Commissions | 82.97 | 7.45 | 8.48 | 10.28 | 7.03 | 6.53 | 39.77 |
| Net
Interest Income | 65,231.27 | 5,828.46 | 4,371.02 | 5,017.01 | 6,274.33 | 5,279.53 | 26,770.35 |
| Other
Income | 24,897.89 | 653.25 | 1,282.24 | 1,614.43 | 404.80 | 1,626.20 | 5,580.93 |
| Commissions | 6,483.61 | 810.68 | 693.94 | 738.51 | 850.15 | 789.13 | 3,882.41 |
| Foreign
currency operations | 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 |
| Other
Income | 18,414.28 | -157.43 | 588.30 | 875.92 | -445.34 | 837.07 | 1,698.52 |
| Operating
Income | 90,129.16 | 6,481.72 | 5,653.26 | 6,631.44 | 6,679.13 | 6,905.73 | 32,351.29 |
| Operating
Expenses | 36,937.77 | 3,549.42 | 3,851.97 | 3,896.92 | 2,858.20 | 3,816.98 | 17,973.49 |
| Administrative
expenses | 19,787.00 | 1,531.88 | 1,727.98 | 2,169.11 | 1,531.72 | 1,652.56 | 8,613.25 |
| General
expenses | 4,116.70 | 337.38 | 325.02 | 527.35 | 267.18 | 376.55 | 1,833.48 |
| Depreciation | 2,559.40 | 215.34 | 217.00 | 217.35 | 195.02 | 189.51 | 1,034.23 |
| Other
expenses | 10,474.67 | 1,464.82 | 1,581.97 | 983.11 | 864.28 | 1,598.36 | 6,492.53 |
| 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 | 14,377.79 |
| Provision
for loan losses | 14,830.87 | 0.00 | 300.67 | -3,767.39 | 3,129.72 | -231.43 | -568.42 |
| Net
Income | 38,360.52 | 2,932.30 | 1,500.61 | 6,501.91 | 691.21 | 3,320.18 | 14,946.21 |

*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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