FOREIGN TRADE BANK OF LATIN AMERICA, INC.

Foreign Filer Report • May 12, 2010

6-K 1 v184544_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 May, 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.

May 12 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.

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

Variación Absoluta	%	Diciembre	Enero	Febrero	Marzo	Abril
ACTIVOS
LIQUIDOS	-75,792.81	-17.86	424,385.05	374,588.34	362,034.09	348,592.24
Depositos
Locales en Bancos	148.28	547.27	27.09	39.99	255.66	175.37
A la
Vista	148.28	547.27	27.09	39.99	255.66	175.37
A
Plazo	0.00	0.00	0.00	0.00	0.00	0.00
Depositos
Extranjeros en Bancos	-75,944.22	-17.90	424,346.48	374,539.75	361,765.37	348,402.26
A la
Vista	-25,644.22	-12.55	204,346.48	148,139.75	202,865.37	178,702.26
A
Plazo	-50,300.00	-22.86	220,000.00	226,400.00	158,900.00	169,700.00
Menos
Provisiones	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
Extranjero	0.00	0.00	0.00	0.00	0.00	0.00
Otros	3.13	27.31	11.48	8.60	13.06	14.61
CARTERA
CREDITICIA	156,029.12	5.77	2,705,473.12	2,643,212.60	2,729,005.31	2,861,502.24
Locales	18,981.41	33.31	56,992.09	60,921.15	60,849.78	75,973.50
Extranjero	137,195.65	5.04	2,722,269.86	2,656,078.69	2,742,243.44	2,859,465.51
Menos
Provisiones	147.94	0.20	73,788.83	73,787.24	74,087.91	73,936.77
Locales	242.63	18.96	1,279.69	1,279.69	1,279.69	1,522.31
Extranjero	-94.69	-0.13	72,509.14	72,507.55	72,808.22	72,414.46
INVERSIONES
EN VALORES	805.68	0.13	614,353.92	613,396.08	616,501.74	615,159.60
Locales	-204.00	-0.47	43,776.00	43,586.00	43,960.00	43,572.00
Extranjero	1,009.68	0.18	570,577.92	569,810.08	572,541.74	571,587.60
Menos
Provisiones	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
Extranjero	0.00	0.00	0.00	0.00	0.00	0.00
OTROS
ACTIVOS	-5,966.95	-12.47	47,859.85	47,659.41	50,759.94	41,892.90
Locales	-3,260.50	-87.49	3,726.64	4,053.24	4,311.42	466.14
Extranjero	-2,706.45	-6.13	44,133.21	43,606.17	46,448.52	41,426.76
TOTAL
DE ACTIVOS	75,075.04	1.98	3,792,071.95	3,678,856.42	3,758,301.07	3,867,146.98
DEPOSITOS	99,099.67	7.88	1,256,977.97	1,270,196.08	1,355,586.12	1,356,077.64
Locales	52,495.96	48.22	108,876.22	150,861.68	142,864.13	161,372.18
Oficiales	0.00	0.00	0.00	0.00	0.00	0.00
De
Particulares	39,000.00	0.00	0.00	39,000.00	39,000.00	39,000.00
A la
Vista	0.00	0.00	0.00	0.00	0.00	0.00
A
Plazo	39,000.00	0.00	0.00	39,000.00	39,000.00	39,000.00
De
Ahorros	0.00	0.00	0.00	0.00	0.00	0.00
De
Bancos	13,495.96	12.40	108,876.22	111,861.68	103,864.13	122,372.18
A la
Vista	-1.03	-0.34	298.32	298.32	297.76	297.29
A
Plazo	13,496.99	12.43	108,577.90	111,563.37	103,566.36	122,074.90
Extranjero	46,603.71	4.06	1,148,101.75	1,119,334.40	1,212,722.00	1,194,705.45
Oficiales	0.00	0.00	0.00	0.00	0.00	0.00
De
Particulares	-16,025.93	-87.37	18,343.29	2,365.51	2,180.82	2,317.37
A la
Vista	-1,026.27	-39.24	2,615.55	1,637.77	1,452.74	1,589.29
A
Plazo	-14,999.66	-95.37	15,727.74	727.74	728.08	728.08
De
Ahorros	0.00	0.00	0.00	0.00	0.00	0.00
De
Bancos	62,629.63	5.54	1,129,758.45	1,116,968.89	1,210,541.18	1,192,388.09
A la
Vista	-13,445.04	-27.33	49,193.30	39,660.25	44,172.37	35,748.27
A
Plazo	76,074.67	7.04	1,080,565.15	1,077,308.64	1,166,368.81	1,156,639.82
OBLIGACIONES	-17,396.90	-0.97	1,792,670.97	1,662,213.88	1,664,236.27	1,775,274.07
Locales	102.17	0.00	0.00	0.00	0.00	102.17
Extranjero	-17,499.06	-0.98	1,792,670.97	1,662,213.88	1,664,236.27	1,775,171.91
OTROS
PASIVOS	-12,679.35	-10.34	122,625.36	129,561.54	121,811.46	109,946.01
Locales	-1,172.70	-11.11	10,552.15	13,964.05	9,040.63	9,379.45
Extranjero	-11,506.65	-10.27	112,073.21	115,597.49	112,770.83	100,566.56
PATRIMONIO	6,051.62	0.98	619,797.64	616,884.91	616,667.23	625,849.26
Capital	761.12	0.27	285,198.77	285,340.34	285,484.56	285,959.89
Reservas
de Capital	0.00	0.00	95,210.15	95,210.15	95,210.15	95,210.15
Otras
Reservas	-742.52	25.46	-2,916.04	-3,540.36	-3,455.61	-3,658.56
Utilidad
de Periodos Anteriores	32,872.19	15.87	207,188.27	245,548.79	240,066.95	240,060.46
Utilidad
de Periodo	-27,425.70	-71.49	38,360.52	2,932.30	4,432.91	10,934.82
Ganancia
o Perdida en Valores Disponible para la venta	586.54	-18.08	-3,244.03	-8,606.32	-5,071.75	-2,657.50
Deuda
Subordinada	0.00	0.00	0.00	0.00	0.00	0.00
PASIVO
Y PATRIMONIO	75,075.04	1.98	3,792,071.95	3,678,856.42	3,758,301.08	3,867,146.98

*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.

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

Mayo
ACTIVOS
LIQUIDOS
Depositos
Locales en Bancos
A la
Vista
A
Plazo
Depositos
Extranjeros en Bancos
A la
Vista
A
Plazo
Menos
Provisiones
Locales
Extranjero
Otros
CARTERA
CREDITICIA
Locales
Extranjero
Menos
Provisiones
Locales
Extranjero
INVERSIONES
EN VALORES
Locales
Extranjero
Menos
Provisiones
Locales
Extranjero
OTROS
ACTIVOS
Locales
Extranjero
TOTAL
DE ACTIVOS
DEPOSITOS
Locales
Oficiales
De
Particulares
A la
Vista
A
Plazo
De
Ahorros
De
Bancos
A la
Vista
A
Plazo
Extranjero
Oficiales
De
Particulares
A la
Vista
A
Plazo
De
Ahorros
De
Bancos
A la
Vista
A
Plazo
OBLIGACIONES
Locales
Extranjero
OTROS
PASIVOS
Locales
Extranjero
PATRIMONIO
Capital
Reservas
de Capital
Otras
Reservas
Utilidad
de Periodos Anteriores
Utilidad
de Periodo
Ganancia
o Perdida en Valores Disponible para la venta
Deuda
Subordinada
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 COMERCIO EXTERIOR, S.A. DE DICIEMBRE 2009 A MARZO 2010 (En Miles de Balboas) *

Diciembre	Enero	Febrero	Marzo	Abril
Ingresos
Por Intereses	140,201.06	9,581.27	7,640.60	8,585.97
Préstamos	114,326.15	8,447.84	6,872.64	7,523.07
Depósitos	1,260.49	62.20	52.77	69.23
Inversiones	24,614.43	1,071.23	715.19	993.67
Arrendamiento
Financiero	0.00	0.00	0.00	0.00
Otros
Ingresos	0.00	0.00	0.00	0.00
Egresos
de Operaciones	74,969.79	3,752.81	3,269.58	3,568.97
Intereses
Pagados	74,886.82	3,745.36	3,261.10	3,558.69
Comisiones	82.97	7.45	8.48	10.28
Ingreso
Neto de Intereses	65,231.27	5,828.46	4,371.02	5,017.01
Otros
Ingresos	24,897.89	653.25	1,282.24	1,614.43
Comisiones	6,483.61	810.68	693.94	738.51
Operaciones
con Divisas	0.00	0.00	0.00	0.00
Dividendos	0.00	0.00	0.00	0.00
Otros
ingresos	18,414.28	-157.43	588.30	875.92
Ingresos
de Operaciones	90,129.16	6,481.72	5,653.26	6,631.44
Egresos
Generales	36,937.77	3,549.42	3,851.97	3,896.92
Gastos
Administrativos	19,787.00	1,531.88	1,727.98	2,169.11
Gastos
Generales	4,116.70	337.38	325.02	527.35
Gastos
de Depreciación	2,559.40	215.34	217.00	217.35
Otros
Gastos	10,474.67	1,464.82	1,581.97	983.11
Utilidad
antes de Provisiones	53,191.39	2,932.30	1,801.29	2,734.52
Provisiones
por Cuentas Malas	14,830.87	0.00	300.67	-3,767.39
Utilidad
del Periodo	38,360.52	2,932.30	1,500.61	6,501.91

*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 MARZO 2010 (En Miles de Balboas) *

Julio	Acumulado
Ingresos
Por Intereses	25,807.85
Préstamos	22,843.55
Depósitos	184.20
Inversiones	2,780.09
Arrendamiento
Financiero	0.00
Otros
Ingresos	0.00
Egresos
de Operaciones	10,591.36
Intereses
Pagados	10,565.15
Comisiones	26.21
Ingreso
Neto de Intereses	15,216.49
Otros
Ingresos	3,549.93
Comisiones	2,243.14
Operaciones
con Divisas	0.00
Dividendos	0.00
Otros
ingresos	1,306.79
Ingresos
de Operaciones	18,766.42
Egresos
Generales	11,298.31
Gastos
Administrativos	5,428.98
Gastos
Generales	1,189.75
Gastos
de Depreciación	649.69
Otros
Gastos	4,029.89
Utilidad
antes de Provisiones	7,468.11
Provisiones
por Cuentas Malas	-3,466.72
Utilidad
del Periodo	10,934.82

*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.

May 10, 2010

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

	Absolute Variation	%	2009 — December	2010 — January	February	March
LIQUID
ASSETS	-75,792.81	-17.86	424,385.05	374,588.34	362,034.09	348,592.24
Local
Deposits in Banks	148.28	547.27	27.09	39.99	255.66	175.37
Demand	148.28	547.27	27.09	39.99	255.66	175.37
Time	0.00	0.00	0.00	0.00	0.00	0.00
Foreign
Deposits in Banks	-75,944.22	-17.90	424,346.48	374,539.75	361,765.37	348,402.26
Demand	-25,644.22	-12.55	204,346.48	148,139.75	202,865.37	178,702.26
Time	-50,300.00	-22.86	220,000.00	226,400.00	158,900.00	169,700.00
Less
Allowance	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
Foreign	0.00	0.00	0.00	0.00	0.00	0.00
Others	3.13	27.31	11.48	8.60	13.06	14.61
CREDIT
PORTFOLIO	156,029.12	5.77	2,705,473.12	2,643,212.60	2,729,005.31	2,861,502.24
Local	18,981.41	33.31	56,992.09	60,921.15	60,849.78	75,973.50
Foreign	137,195.65	5.04	2,722,269.86	2,656,078.69	2,742,243.44	2,859,465.51
Less
Allowance	147.94	0.20	73,788.83	73,787.24	74,087.91	73,936.77
Local	242.63	18.96	1,279.69	1,279.69	1,279.69	1,522.31
Foreign	-94.69	-0.13	72,509.14	72,507.55	72,808.22	72,414.46
INVESTMENT
SECURITIES	805.68	0.13	614,353.92	613,396.08	616,501.74	615,159.60
Local	-204.00	-0.47	43,776.00	43,586.00	43,960.00	43,572.00
Foreign	1,009.68	0.18	570,577.92	569,810.08	572,541.74	571,587.60
Less
Allowance	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
Foreign	0.00	0.00	0.00	0.00	0.00	0.00
OTHER
ASSETS	-5,966.95	-12.47	47,859.85	47,659.41	50,759.94	41,892.90
Local	-3,260.50	-87.49	3,726.64	4,053.24	4,311.42	466.14
Foreign	-2,706.45	-6.13	44,133.21	43,606.17	46,448.52	41,426.76
TOTAL
ASSETS	75,075.04	1.98	3,792,071.95	3,678,856.42	3,758,301.07	3,867,146.98
DEPOSITS	99,099.67	7.88	1,256,977.97	1,270,196.08	1,355,586.12	1,356,077.64
Local	52,495.96	48.22	108,876.22	150,861.68	142,864.13	161,372.18
Government	0.00	0.00	0.00	0.00	0.00	0.00
Customers	39,000.00	0.00	0.00	39,000.00	39,000.00	39,000.00
Demand	0.00	0.00	0.00	0.00	0.00	0.00
Time	39,000.00	0.00	0.00	39,000.00	39,000.00	39,000.00
Savings	0.00	0.00	0.00	0.00	0.00	0.00
From
Banks	13,495.96	12.40	108,876.22	111,861.68	103,864.13	122,372.18
Demand	-1.03	-0.34	298.32	298.32	297.76	297.29
Time	13,496.99	12.43	108,577.90	111,563.37	103,566.36	122,074.90
Foreign	46,603.71	4.06	1,148,101.75	1,119,334.40	1,212,722.00	1,194,705.45
Government	0.00	0.00	0.00	0.00	0.00	0.00
Customers	-16,025.93	-87.37	18,343.29	2,365.51	2,180.82	2,317.37
Demand	-1,026.27	-39.24	2,615.55	1,637.77	1,452.74	1,589.29
Time	-14,999.66	-95.37	15,727.74	727.74	728.08	728.08
Savings	0.00	0.00	0.00	0.00	0.00	0.00
From
Banks	62,629.63	5.54	1,129,758.45	1,116,968.89	1,210,541.18	1,192,388.09
Demand	-13,445.04	-27.33	49,193.30	39,660.25	44,172.37	35,748.27
Time	76,074.67	7.04	1,080,565.15	1,077,308.64	1,166,368.81	1,156,639.82
BORROWINGS	-17,396.90	-0.97	1,792,670.97	1,662,213.88	1,664,236.27	1,775,274.07
Local	102.17	0.00	0.00	0.00	0.00	102.17
Foreign	-17,499.06	-0.98	1,792,670.97	1,662,213.88	1,664,236.27	1,775,171.91
OTHER
LIABILITIES	-12,679.35	-10.34	122,625.36	129,561.54	121,811.46	109,946.01
Local	-1,172.70	-11.11	10,552.15	13,964.05	9,040.63	9,379.45
Foreign	-11,506.65	-10.27	112,073.21	115,597.49	112,770.83	100,566.56
STOCKHOLDERS´
EQUITY	6,051.62	0.98	619,797.64	616,884.91	616,667.23	625,849.26
Capital	761.12	0.27	285,198.77	285,340.34	285,484.56	285,959.89
Capital
Reserves	0.00	0.00	95,210.15	95,210.15	95,210.15	95,210.15
Other
Reserves	-742.52	25.46	-2,916.04	-3,540.36	-3,455.61	-3,658.56
Retained
Earnings	32,872.19	15.87	207,188.27	245,548.79	240,066.95	240,060.46
Net
Income	-27,425.70	-71.49	38,360.52	2,932.30	4,432.91	10,934.82
Gain
or Loss in Securities available for sale	586.54	-18.08	-3,244.03	-8,606.32	-5,071.75	-2,657.50
Subordinated
Debt	0.00	0.00	0.00	0.00	0.00	0.00
LIABILITIES
AND STOCKHOLDER'S EQUITY	75,075.04	1.98	3,792,071.95	3,678,856.42	3,758,301.08	3,867,146.98

*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.

May 10, 2010

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

May
LIQUID
ASSETS
Local
Deposits in Banks
Demand
Time
Foreign
Deposits in Banks
Demand
Time
Less
Allowance
Local
Foreign
Others
CREDIT
PORTFOLIO
Local
Foreign
Less
Allowance
Local
Foreign
INVESTMENT
SECURITIES
Local
Foreign
Less
Allowance
Local
Foreign
OTHER
ASSETS
Local
Foreign
TOTAL
ASSETS
DEPOSITS
Local
Government
Customers
Demand
Time
Savings
From
Banks
Demand
Time
Foreign
Government
Customers
Demand
Time
Savings
From
Banks
Demand
Time
BORROWINGS
Local
Foreign
OTHER
LIABILITIES
Local
Foreign
STOCKHOLDERS´
EQUITY
Capital
Capital
Reserves
Other
Reserves
Retained
Earnings
Net
Income
Gain
or Loss in Securities available for sale
Subordinated
Debt
LIABILITIES
AND STOCKHOLDER'S EQUITY

*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.

May 10, 2010

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

	2009 — December	2010 — January	February	March
Interest
Income	140,201.06	9,581.27	7,640.60	8,585.97
Loans	114,326.15	8,447.84	6,872.64	7,523.07
Deposits	1,260.49	62.20	52.77	69.23
Investments	24,614.43	1,071.23	715.19	993.67
Financial
Leases	0.00	0.00	0.00	0.00
Other
Income	0.00	0.00	0.00	0.00
Interest
Expense	74,969.79	3,752.81	3,269.58	3,568.97
Interest	74,886.82	3,745.36	3,261.10	3,558.69
Commissions	82.97	7.45	8.48	10.28
Net
Interest Income	65,231.27	5,828.46	4,371.02	5,017.01
Other
Income	24,897.89	653.25	1,282.24	1,614.43
Commissions	6,483.61	810.68	693.94	738.51
Foreign
currency operations	0.00	0.00	0.00	0.00
Dividends	0.00	0.00	0.00	0.00
Other
Income	18,414.28	-157.43	588.30	875.92
Operating
Income	90,129.16	6,481.72	5,653.26	6,631.44
Operating
Expenses	36,937.77	3,549.42	3,851.97	3,896.92
Administrative
expenses	19,787.00	1,531.88	1,727.98	2,169.11
General
expenses	4,116.70	337.38	325.02	527.35
Depreciation	2,559.40	215.34	217.00	217.35
Other
expenses	10,474.67	1,464.82	1,581.97	983.11
Net
Income before provision for loan losses	53,191.39	2,932.30	1,801.29	2,734.52
Provision
for loan losses	14,830.87	0.00	300.67	-3,767.39
Net
Income	38,360.52	2,932.30	1,500.61	6,501.91

*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.

May 10, 2010

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

July	Year to Date
Interest
Income	25,807.85
Loans	22,843.55
Deposits	184.20
Investments	2,780.09
Financial
Leases	0.00
Other
Income	0.00
Interest
Expense	10,591.36
Interest	10,565.15
Commissions	26.21
Net
Interest Income	15,216.49
Other
Income	3,549.93
Commissions	2,243.14
Foreign
currency operations	0.00
Dividends	0.00
Other
Income	1,306.79
Operating
Income	18,766.42
Operating
Expenses	11,298.31
Administrative
expenses	5,428.98
General
expenses	1,189.75
Depreciation	649.69
Other
expenses	4,029.89
Net
Income before provision for loan losses	7,468.11
Provision
for loan losses	-3,466.72
Net
Income	10,934.82

*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).