FOREIGN TRADE BANK OF LATIN AMERICA, INC.

Foreign Filer Report • Oct 4, 2016

6-K 1 v449973_6k.htm FORM 6-K

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 October, 2016

Commission File Number 1-11414

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)

Business Park Torre V, Ave. La Rotonda, Costa del Este

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 if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes ¨ No x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes ¨ No x

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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, thereunto duly authorized.

Date: October 4, 2016

FOREIGN TRADE BANK OF LATIN AMERICA, INC.
(Registrant)
By: /s/ Pierre Dulin
Name: Pierre Dulin
Title: General Manager

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NOTA: LA INFORMACION INCLUIDA EN EL PRESENTE REPORTE 6-K FUE PREPARADA EN UNA BASE NO CONSOLIDADA Y EXCLUYE LA INFORMACION FINANCIERA DE BLADEX HOLDINGS INC., BLADEX REPRESENTACAO LTDA., BLADEX INVESTIMENTOS LTDA., BLX SOLUCIONES S.A. DE C.V.., Y BLADEX DEVELOPMENT CORP.., SEGUN LO EXIGIDO POR LAS LEYES Y REGULACIONES A LAS CUALES ESTAMOS SUJETOS EN PANAMA, EL PAIS DONDE LA SOCIEDA SE ENCUENTRA CONSTITUIDA Y DONDE ESTAMOS REGULADOS COMO UNA INSTITUCION FINANCIERA. PROPORCIONAMOS LOS ESTADOS FINANCIEROS ANUALES CONSOLIDADOS EN EL REPORTE 20-F QUE SE PRESENTA PARA CADA AÑO FISCAL ANTE EL SECURITIES AND EXCHANGE COMMISSION. LA INFORMACION FINANCIERA NO CONSOLIDADA CONTENIDA EN EL PRESENTE PODRA SER SUBSTANCIALMENTE DIFERENTE DE NUESTROS RESULTADOS FINANCIEROS CONSOLIDADOS PARA EL MISMO PERIODO.

●
BALANCE DE SITUACION
BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
DE DICIEMBRE 2015 A JULIO 2016
(En Miles de Balboas) *

| Variación
Absoluta | % | Diciembre | Enero | Febrero | Marzo | Abril | Mayo | Junio | Julio | Agosto | Septiembre | Octubre | Noviembre | Diciembre | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ACTIVOS LIQUIDOS | -405,412.19 | -31.21 | 1,299,034.89 | 892,546.55 | 924,471.12 | 767,927.49 | 808,732.30 | 588,916.60 | 938,182.82 | 893,622.70 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depósitos Locales
en Bancos | -17.04 | -9.63 | 176.83 | 40,310.48 | 40,636.82 | 1,236.66 | 1,310.00 | 334.37 | 315.88 | 159.80 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A la Vista | -17.04 | -9.63 | 176.83 | 40,310.48 | 40,636.82 | 1,236.66 | 1,310.00 | 334.37 | 315.88 | 159.80 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depósitos Extranjeros
en Bancos | -405,397.23 | -31.21 | 1,298,852.15 | 852,226.45 | 883,827.33 | 766,683.18 | 807,414.31 | 588,576.49 | 937,857.89 | 893,454.92 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A la Vista | -395,397.23 | -31.66 | 1,248,852.15 | 812,226.45 | 853,827.33 | 726,683.18 | 787,414.31 | 568,576.49 | 897,857.89 | 853,454.92 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A Plazo | -10,000.00 | -20.00 | 50,000.00 | 40,000.00 | 30,000.00 | 40,000.00 | 20,000.00 | 20,000.00 | 40,000.00 | 40,000.00 | 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 | 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 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Otros | 2.07 | 35.13 | 5.90 | 9.62 | 6.97 | 7.65 | 8.00 | 5.74 | 9.05 | 7.98 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| CARTERA CREDITICIA | -276,587.06 | -4.15 | 6,670,969.15 | 6,389,073.70 | 6,526,540.32 | 6,510,557.73 | 6,329,826.96 | 6,353,958.43 | 6,479,735.86 | 6,394,382.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Locales | 8,195.94 | 1.77 | 462,190.09 | 444,746.94 | 411,776.20 | 407,842.64 | 430,643.89 | 435,807.54 | 456,738.16 | 470,386.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | -265,882.07 | -4.27 | 6,229,559.37 | 5,965,107.70 | 6,131,205.94 | 6,125,479.46 | 5,921,947.44 | 5,940,915.27 | 6,063,586.49 | 5,963,677.30 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Menos Provisiones | 18,900.92 | 90.96 | 20,780.32 | 20,780.94 | 16,441.82 | 22,764.37 | 22,764.37 | 22,764.37 | 40,588.80 | 39,681.24 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Locales | 7,200.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7,200.00 | 7,200.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | 11,700.92 | 56.31 | 20,780.32 | 20,780.94 | 16,441.82 | 22,764.37 | 22,764.37 | 22,764.37 | 33,388.80 | 32,481.24 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| INVERSIONES EN VALORES | -136,698.67 | -43.59 | 313,622.15 | 335,756.20 | 348,312.68 | 340,797.29 | 246,868.45 | 206,829.47 | 189,354.01 | 176,923.48 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Locales | -14,703.32 | -38.23 | 38,460.52 | 38,371.03 | 38,355.83 | 38,456.32 | 35,457.11 | 31,405.30 | 26,773.96 | 23,757.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | -121,742.86 | -44.16 | 275,687.29 | 297,910.82 | 310,482.50 | 302,840.12 | 211,910.50 | 175,923.33 | 163,358.19 | 153,944.43 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Menos Provisiones | 252.49 | 48.03 | 525.65 | 525.65 | 525.65 | 499.15 | 499.15 | 499.15 | 778.14 | 778.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Locales | 171.12 | 0.00 | 0.00 | 0.00 | 0.00 | 225.11 | 177.97 | 177.97 | 171.12 | 171.12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | 81.37 | 15.48 | 525.65 | 525.65 | 525.65 | 274.04 | 321.19 | 321.19 | 607.02 | 607.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| OTROS ACTIVOS | 7,173.94 | 7.87 | 91,133.02 | 133,252.45 | 121,184.73 | 137,422.91 | 99,881.71 | 89,213.02 | 99,478.87 | 98,306.97 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Locales | 11,183.74 | 55.50 | 20,149.13 | 25,864.99 | 28,361.67 | 39,331.86 | 29,504.17 | 29,170.63 | 27,105.27 | 31,332.87 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | -4,009.80 | -5.65 | 70,983.89 | 107,387.46 | 92,823.06 | 98,091.04 | 70,377.54 | 60,042.39 | 72,373.59 | 66,974.09 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| TOTAL DE ACTIVOS | -811,523.98 | -9.69 | 8,374,759.21 | 7,750,628.90 | 7,920,508.84 | 7,756,705.41 | 7,485,309.42 | 7,238,917.52 | 7,706,751.55 | 7,563,235.23 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| DEPOSITOS | 440,372.14 | 15.75 | 2,795,469.21 | 2,723,372.17 | 3,198,593.02 | 3,073,378.32 | 3,079,590.94 | 2,669,177.17 | 3,206,299.63 | 3,235,841.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Locales | 10,865.64 | 2.34 | 465,214.34 | 457,663.88 | 453,808.06 | 456,340.80 | 419,997.92 | 454,448.88 | 491,581.57 | 476,079.99 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De Particulares | 21,802.22 | 15.40 | 141,605.19 | 131,024.78 | 131,165.23 | 137,710.47 | 137,359.30 | 147,813.08 | 168,912.07 | 163,407.41 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A la Vista | -3,197.78 | -27.55 | 11,605.19 | 11,024.78 | 11,165.23 | 2,710.47 | 2,359.30 | 2,813.08 | 3,912.07 | 8,407.41 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A Plazo | 25,000.00 | 19.23 | 130,000.00 | 120,000.00 | 120,000.00 | 135,000.00 | 135,000.00 | 145,000.00 | 165,000.00 | 155,000.00 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De Bancos | -10,936.57 | -3.38 | 323,609.15 | 326,639.10 | 322,642.83 | 318,630.32 | 282,638.62 | 306,635.80 | 322,669.50 | 312,672.58 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A la Vista | -15.00 | -100.00 | 15.00 | 15.00 | 15.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A Plazo | -10,921.57 | -3.38 | 323,594.15 | 326,624.10 | 322,627.83 | 318,630.32 | 282,638.62 | 306,635.80 | 322,669.50 | 312,672.58 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | 429,506.49 | 18.43 | 2,330,254.86 | 2,265,708.29 | 2,744,784.96 | 2,617,037.52 | 2,659,593.02 | 2,214,728.29 | 2,714,718.06 | 2,759,761.36 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De Particulares | -86,582.82 | -41.49 | 208,688.80 | 153,196.61 | 358,499.31 | 392,688.98 | 355,096.85 | 297,816.58 | 180,309.10 | 122,105.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A la Vista | -31,341.42 | -75.91 | 41,286.50 | 36,220.90 | 55,673.18 | 25,050.83 | 38,839.98 | 31,601.20 | 6,129.00 | 9,945.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A Plazo | -55,241.40 | -33.00 | 167,402.30 | 116,975.71 | 302,826.14 | 367,638.15 | 316,256.87 | 266,215.38 | 174,180.10 | 112,160.90 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| De Bancos | 516,089.31 | 24.33 | 2,121,566.06 | 2,112,511.67 | 2,386,285.65 | 2,224,348.54 | 2,304,496.18 | 1,916,911.71 | 2,534,408.96 | 2,637,655.37 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A la Vista | -47,492.80 | -24.87 | 190,932.34 | 122,166.90 | 98,689.16 | 95,884.29 | 121,650.87 | 171,029.42 | 152,204.87 | 143,439.53 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A Plazo | 563,582.12 | 29.19 | 1,930,633.72 | 1,990,344.77 | 2,287,596.49 | 2,128,464.25 | 2,182,845.30 | 1,745,882.29 | 2,382,204.09 | 2,494,215.84 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| OBLIGACIONES | -1,272,426.24 | -28.70 | 4,433,271.29 | 3,833,864.66 | 3,556,252.59 | 3,511,966.57 | 3,262,547.83 | 3,430,219.34 | 3,357,088.25 | 3,160,845.05 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | -1,272,426.24 | -28.70 | 4,433,271.29 | 3,833,864.66 | 3,556,252.59 | 3,511,966.57 | 3,262,547.83 | 3,430,219.34 | 3,357,088.25 | 3,160,845.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| OTROS PASIVOS | 10,435.78 | 11.60 | 89,977.30 | 129,117.01 | 103,453.31 | 105,485.96 | 81,495.78 | 67,323.04 | 74,203.54 | 100,413.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Locales | 13,352.88 | 121.72 | 10,970.40 | 11,612.63 | 12,039.19 | 12,543.43 | 9,121.51 | 11,122.54 | 12,891.78 | 24,323.28 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Extranjero | -2,917.10 | -3.69 | 79,006.90 | 117,504.38 | 91,414.12 | 92,942.53 | 72,374.27 | 56,200.49 | 61,311.75 | 76,089.80 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PATRIMONIO | 10,094.35 | 0.96 | 1,056,041.41 | 1,064,275.06 | 1,062,209.92 | 1,065,874.57 | 1,061,674.87 | 1,072,197.97 | 1,069,160.15 | 1,066,135.76 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital | 2,123.96 | 0.65 | 326,688.69 | 327,015.00 | 327,223.98 | 327,347.30 | 327,859.20 | 328,156.37 | 328,539.46 | 328,812.65 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reservas de Capital | -0.27 | 0.00 | 95,210.42 | 95,210.15 | 95,210.15 | 95,210.15 | 95,210.15 | 95,210.15 | 95,210.15 | 95,210.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Otras Reservas | -4,074.38 | -3.67 | 110,933.49 | 109,479.69 | 122,017.10 | 115,895.02 | 115,293.90 | 112,735.24 | 103,201.92 | 106,859.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Provisiones Dinámicas | 0.00 | 0.00 | 105,035.79 | 105,035.79 | 105,035.79 | 105,035.79 | 105,035.79 | 105,035.79 | 105,035.79 | 105,035.79 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Otras Reservas | -4,074.38 | -69.08 | 5,897.71 | 4,443.90 | 16,981.31 | 10,859.24 | 10,258.12 | 7,699.45 | -1,833.87 | 1,823.33 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Utilidad de Periodos Anteriores | 55,496.99 | 13.07 | 424,597.16 | 531,868.12 | 508,513.51 | 509,653.63 | 494,625.62 | 496,780.28 | 496,951.21 | 480,094.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Utilidad de Periodo | -51,147.05 | -47.68 | 107,269.92 | 12,679.93 | 20,403.57 | 22,999.72 | 31,764.74 | 42,011.39 | 46,515.90 | 56,122.87 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Ganancia o Perdida en Valores
Disponible para la venta | 7,695.10 | -88.88 | -8,658.27 | -11,977.81 | -11,158.40 | -5,231.25 | -3,078.75 | -2,695.46 | -1,258.49 | -963.18 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PASIVO Y PATRIMONIO | -811,523.98 | -9.69 | 8,374,759.21 | 7,750,628.90 | 7,920,508.84 | 7,756,705.41 | 7,485,309.42 | 7,238,917.52 | 7,706,751.55 | 7,563,235.23 | 0.00 | 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).

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NOTA: LA INFORMACION INCLUIDA EN EL PRESENTE REPORTE 6-K FUE PREPARADA EN UNA BASE NO CONSOLIDADA Y EXCLUYE LA INFORMACION FINANCIERA DE BLADEX HOLDINGS INC., BLADEX REPRESENTACAO LTDA., BLADEX INVESTIMENTOS LTDA., BLX SOLUCIONES S.A DE C.V., BLADEX DEVELOPMENT CORP.., SEGUN LO EXIGIDO POR LAS LEYES Y REGULACIONES A LAS CUALES ESTAMOS SUJETOS EN PANAMA, EL PAIS DONDE LA SOCIEDA SE ENCUENTRA CONSTITUIDA Y DONDE ESTAMOS REGULADOS COMO UNA INSTITUCION FINANCIERA. PROPORCIONAMOS LOS ESTADOS FINANCIEROS ANUALES CONSOLIDADOS EN EL REPORTE 20-F QUE SE PRESENTA PARA CADA AÑO FISCAL ANTE EL SECURITIES AND EXCHANGE COMMISSION. LA INFORMACION FINANCIERA NO CONSOLIDADA CONTENIDA EN EL PRESENTE PODRA SER SUBSTANCIALMENTE DIFERENTE DE NUESTROS RESULTADOS FINANCIEROS CONSOLIDADOS PARA EL MISMO PERIODO.

●
ESTADO DE RESULTADO
BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
DE DICIEMBRE 2015 A JULIO 2016
(En Miles de Balboas) *

Diciembre	Enero	Febrero	Marzo	Abril	Mayo	Junio	Julio	Agosto	Septiembre	Octubre	Noviembre	Diciembre	Acumulado
Ingresos Por Intereses	220,032.44	20,528.30	19,665.01	20,965.65	19,936.39	20,528.31	20,007.54	21,071.65	0.00	0.00	0.00	0.00	0.00	142,702.83
Préstamos	209,578.80	19,443.48	18,763.59	20,046.16	19,217.98	19,769.34	19,255.12	20,201.32	0.00	0.00	0.00	0.00	0.00	136,696.97
Depósitos	2,050.08	448.29	267.74	455.16	263.54	267.15	362.61	398.36	0.00	0.00	0.00	0.00	0.00	2,462.84
Inversiones	8,403.57	636.53	633.69	464.33	454.87	491.82	389.81	471.96	0.00	0.00	0.00	0.00	0.00	3,543.02
Arrendamiento Financiero	0.00	0.00	0.00	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	0.00	0.00	0.00
Egresos de Operaciones	75,135.71	7,330.17	6,821.72	7,564.85	7,359.57	7,621.85	7,380.74	8,387.31	0.00	0.00	0.00	0.00	0.00	52,466.20
Intereses Pagados	74,833.21	7,308.84	6,796.98	7,533.95	7,337.49	7,598.96	7,351.30	8,112.61	0.00	0.00	0.00	0.00	0.00	52,040.14
Comisiones	302.50	21.32	24.74	30.90	22.08	22.88	29.43	274.70	0.00	0.00	0.00	0.00	0.00	426.06
Ingreso Neto de Intereses	144,896.73	13,198.13	12,843.29	13,400.79	12,576.82	12,906.46	12,626.80	12,684.34	0.00	0.00	0.00	0.00	0.00	90,236.63
Otros Ingresos	224,543.26	21,106.86	11,743.58	29,905.61	20,784.61	26,267.17	21,153.89	14,097.87	0.00	0.00	0.00	0.00	0.00	145,059.58
Comisiones	19,399.94	831.69	766.21	842.14	746.00	1,818.92	1,802.14	1,030.01	0.00	0.00	0.00	0.00	0.00	7,837.10
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	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	0.00	0.00	0.00
Otros ingresos	205,143.32	20,275.17	10,977.37	29,063.47	20,038.61	24,448.24	19,351.76	13,067.86	0.00	0.00	0.00	0.00	0.00	137,222.48
Ingresos de Operaciones	369,440.00	34,304.99	24,586.87	43,306.40	33,361.43	39,173.63	33,780.69	26,782.20	0.00	0.00	0.00	0.00	0.00	235,296.22
Egresos Generales	249,967.95	21,625.06	16,863.23	39,479.97	24,596.41	28,926.98	17,731.53	17,175.23	0.00	0.00	0.00	0.00	0.00	166,398.42
Gastos Administrativos	32,523.49	1,865.95	2,010.08	3,736.45	3,164.37	3,314.70	-973.20	2,338.33	0.00	0.00	0.00	0.00	0.00	15,456.66
Gastos Generales	8,075.80	476.10	519.98	899.01	879.98	656.37	556.68	690.82	0.00	0.00	0.00	0.00	0.00	4,678.94
Gastos de Depreciación	1,940.45	150.69	142.73	142.72	142.11	141.98	135.56	125.75	0.00	0.00	0.00	0.00	0.00	981.54
Otros Gastos	207,428.21	19,132.32	14,190.45	34,701.79	20,409.94	24,813.94	18,012.49	14,020.34	0.00	0.00	0.00	0.00	0.00	145,281.28
Utilidad antes de Provisiones	119,472.05	12,679.93	7,723.64	3,826.43	8,765.02	10,246.65	16,049.16	9,606.97	0.00	0.00	0.00	0.00	0.00	68,897.80
Provisiones por Cuentas Malas	12,216.81	0.00	0.00	1,230.28	0.00	0.00	11,544.64	0.00	0.00	0.00	0.00	0.00	0.00	12,774.92
Utilidad del Periodo	107,255.24	12,679.93	7,723.64	2,596.15	8,765.02	10,246.65	4,504.52	9,606.97	0.00	0.00	0.00	0.00	0.00	56,122.87

*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).

Field: Page; Sequence: 4

Field: /Page

NOTE: THE FINANCIAL INFORMATION INCLUDED IN THIS FORM 6-K HAS BEEN PREPARED ON A NON-CONSOLIDATED BASIS AND EXCLUDES FINANCIAL INFORMATION FOR BLADEX HOLDINGS INC., BLADEX REPRESENTACAO LTDA, BLADEX INVESTIMENTOS LTDA., BLX SOLUCIONES S.A. DE C.V.., AND BLADEX DEVELOPMENT CORP.., AS REQUIRED BY THE LAWS AND REGULATIONS APPLICABLE TO BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A. ("BLADEX") IN PANAMA, COUNTRY OF INCORPORATION WHERE BLADEX IS REGULATED AS A BANK WITH A GENERAL LICENSE . WE PROVIDE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS IN OUR ANNUAL REPORT ON FORM 20-F FOR EACH FISCAL YEAR. THE NON-CONSOLIDATED FINANCIAL INFORMATION CONTAINED HEREIN MAY DIFFER MATERIALLY FROM OUR CONSOLIDATED FINANCIAL RESULTS FOR THE SAME PERIOD.

●
BALANCE
SHEET
BANCO
LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
DECEMBER
2015 - JULY 2016
(In
Thousand Balboas) *

Absolute Variation	%	December	January	February	March	April	May	June	July	August	September	October	November	December
LIQUID ASSETS	-405,412.19	-31.21	1,299,034.89	892,546.55	924,471.12	767,927.49	808,732.30	588,916.60	938,182.82	893,622.70	0.00	0.00	0.00	0.00	0.00
Local Deposits in Banks	-17.04	-9.63	176.83	40,310.48	40,636.82	1,236.66	1,310.00	334.37	315.88	159.80	0.00	0.00	0.00	0.00	0.00
Demand	-17.04	-9.63	176.83	40,310.48	40,636.82	1,236.66	1,310.00	334.37	315.88	159.80	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	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Foreign Deposits in Banks	-405,397.23	-31.21	1,298,852.15	852,226.45	883,827.33	766,683.18	807,414.31	588,576.49	937,857.89	893,454.92	0.00	0.00	0.00	0.00	0.00
Demand	-395,397.23	-31.66	1,248,852.15	812,226.45	853,827.33	726,683.18	787,414.31	568,576.49	897,857.89	853,454.92	0.00	0.00	0.00	0.00	0.00
Time	-10,000.00	-20.00	50,000.00	40,000.00	30,000.00	40,000.00	20,000.00	20,000.00	40,000.00	40,000.00	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	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	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	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Others	2.07	35.13	5.90	9.62	6.97	7.65	8.00	5.74	9.05	7.98	0.00	0.00	0.00	0.00	0.00
CREDIT PORTFOLIO	-276,587.06	-4.15	6,670,969.15	6,389,073.70	6,526,540.32	6,510,557.73	6,329,826.96	6,353,958.43	6,479,735.86	6,394,382.08	0.00	0.00	0.00	0.00	0.00
Local	8,195.94	1.77	462,190.09	444,746.94	411,776.20	407,842.64	430,643.89	435,807.54	456,738.16	470,386.03	0.00	0.00	0.00	0.00	0.00
Foreign	-265,882.07	-4.27	6,229,559.37	5,965,107.70	6,131,205.94	6,125,479.46	5,921,947.44	5,940,915.27	6,063,586.49	5,963,677.30	0.00	0.00	0.00	0.00	0.00
Less Allowance	18,900.92	90.96	20,780.32	20,780.94	16,441.82	22,764.37	22,764.37	22,764.37	40,588.80	39,681.24	0.00	0.00	0.00	0.00	0.00
Local	7,200.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7,200.00	7,200.00	0.00	0.00	0.00	0.00	0.00
Foreign	11,700.92	56.31	20,780.32	20,780.94	16,441.82	22,764.37	22,764.37	22,764.37	33,388.80	32,481.24	0.00	0.00	0.00	0.00	0.00
INVESTMENT SECURITIES	-136,698.67	-43.59	313,622.15	335,756.20	348,312.68	340,797.29	246,868.45	206,829.47	189,354.01	176,923.48	0.00	0.00	0.00	0.00	0.00
Local	-14,703.32	-38.23	38,460.52	38,371.03	38,355.83	38,456.32	35,457.11	31,405.30	26,773.96	23,757.20	0.00	0.00	0.00	0.00	0.00
Foreign	-121,742.86	-44.16	275,687.29	297,910.82	310,482.50	302,840.12	211,910.50	175,923.33	163,358.19	153,944.43	0.00	0.00	0.00	0.00	0.00
Less Allowance	252.49	48.03	525.65	525.65	525.65	499.15	499.15	499.15	778.14	778.14	0.00	0.00	0.00	0.00	0.00
Local	171.12	0.00	0.00	0.00	0.00	225.11	177.97	177.97	171.12	171.12	0.00	0.00	0.00	0.00	0.00
Foreign	81.37	15.48	525.65	525.65	525.65	274.04	321.19	321.19	607.02	607.02	0.00	0.00	0.00	0.00	0.00
OTHER ASSETS	7,173.94	7.87	91,133.02	133,252.45	121,184.73	137,422.91	99,881.71	89,213.02	99,478.87	98,306.97	0.00	0.00	0.00	0.00	0.00
Local	11,183.74	55.50	20,149.13	25,864.99	28,361.67	39,331.86	29,504.17	29,170.63	27,105.27	31,332.87	0.00	0.00	0.00	0.00	0.00
Foreign	-4,009.80	-5.65	70,983.89	107,387.46	92,823.06	98,091.04	70,377.54	60,042.39	72,373.59	66,974.09	0.00	0.00	0.00	0.00	0.00
TOTAL ASSETS	-811,523.98	-9.69	8,374,759.21	7,750,628.90	7,920,508.84	7,756,705.41	7,485,309.42	7,238,917.52	7,706,751.55	7,563,235.23	0.00	0.00	0.00	0.00	0.00
DEPOSITS	440,372.14	15.75	2,795,469.21	2,723,372.17	3,198,593.02	3,073,378.32	3,079,590.94	2,669,177.17	3,206,299.63	3,235,841.34	0.00	0.00	0.00	0.00	0.00
Local	10,865.64	2.34	465,214.34	457,663.88	453,808.06	456,340.80	419,997.92	454,448.88	491,581.57	476,079.99	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	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Customers	21,802.22	15.40	141,605.19	131,024.78	131,165.23	137,710.47	137,359.30	147,813.08	168,912.07	163,407.41	0.00	0.00	0.00	0.00	0.00
Demand	-3,197.78	-27.55	11,605.19	11,024.78	11,165.23	2,710.47	2,359.30	2,813.08	3,912.07	8,407.41	0.00	0.00	0.00	0.00	0.00
Time	25,000.00	19.23	130,000.00	120,000.00	120,000.00	135,000.00	135,000.00	145,000.00	165,000.00	155,000.00	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	0.00	0.00	0.00	0.00	0.00	0.00	0.00
From Banks	-10,936.57	-3.38	323,609.15	326,639.10	322,642.83	318,630.32	282,638.62	306,635.80	322,669.50	312,672.58	0.00	0.00	0.00	0.00	0.00
Demand	-15.00	-100.00	15.00	15.00	15.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Time	-10,921.57	-3.38	323,594.15	326,624.10	322,627.83	318,630.32	282,638.62	306,635.80	322,669.50	312,672.58	0.00	0.00	0.00	0.00	0.00
Foreign	429,506.49	18.43	2,330,254.86	2,265,708.29	2,744,784.96	2,617,037.52	2,659,593.02	2,214,728.29	2,714,718.06	2,759,761.36	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	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Customers	-86,582.82	-41.49	208,688.80	153,196.61	358,499.31	392,688.98	355,096.85	297,816.58	180,309.10	122,105.99	0.00	0.00	0.00	0.00	0.00
Demand	-31,341.42	-75.91	41,286.50	36,220.90	55,673.18	25,050.83	38,839.98	31,601.20	6,129.00	9,945.08	0.00	0.00	0.00	0.00	0.00
Time	-55,241.40	-33.00	167,402.30	116,975.71	302,826.14	367,638.15	316,256.87	266,215.38	174,180.10	112,160.90	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	0.00	0.00	0.00	0.00	0.00	0.00	0.00
From Banks	516,089.31	24.33	2,121,566.06	2,112,511.67	2,386,285.65	2,224,348.54	2,304,496.18	1,916,911.71	2,534,408.96	2,637,655.37	0.00	0.00	0.00	0.00	0.00
Demand	-47,492.80	-24.87	190,932.34	122,166.90	98,689.16	95,884.29	121,650.87	171,029.42	152,204.87	143,439.53	0.00	0.00	0.00	0.00	0.00
Time	563,582.12	29.19	1,930,633.72	1,990,344.77	2,287,596.49	2,128,464.25	2,182,845.30	1,745,882.29	2,382,204.09	2,494,215.84	0.00	0.00	0.00	0.00	0.00
BORROWINGS	-1,272,426.24	-28.70	4,433,271.29	3,833,864.66	3,556,252.59	3,511,966.57	3,262,547.83	3,430,219.34	3,357,088.25	3,160,845.05	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	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Foreign	-1,272,426.24	-28.70	4,433,271.29	3,833,864.66	3,556,252.59	3,511,966.57	3,262,547.83	3,430,219.34	3,357,088.25	3,160,845.05	0.00	0.00	0.00	0.00	0.00
OTHER LIABILITIES	10,435.78	11.60	89,977.30	129,117.01	103,453.31	105,485.96	81,495.78	67,323.04	74,203.54	100,413.08	0.00	0.00	0.00	0.00	0.00
Local	13,352.88	121.72	10,970.40	11,612.63	12,039.19	12,543.43	9,121.51	11,122.54	12,891.78	24,323.28	0.00	0.00	0.00	0.00	0.00
Foreign	-2,917.10	-3.69	79,006.90	117,504.38	91,414.12	92,942.53	72,374.27	56,200.49	61,311.75	76,089.80	0.00	0.00	0.00	0.00	0.00
STOCKHOLDERS´ EQUITY	10,094.35	0.96	1,056,041.41	1,064,275.06	1,062,209.92	1,065,874.57	1,061,674.87	1,072,197.97	1,069,160.15	1,066,135.76	0.00	0.00	0.00	0.00	0.00
Capital	2,123.96	0.65	326,688.69	327,015.00	327,223.98	327,347.30	327,859.20	328,156.37	328,539.46	328,812.65	0.00	0.00	0.00	0.00	0.00
Capital Reserves	-0.27	0.00	95,210.42	95,210.15	95,210.15	95,210.15	95,210.15	95,210.15	95,210.15	95,210.15	0.00	0.00	0.00	0.00	0.00
Other Reserves	-4,074.38	-3.67	110,933.49	109,479.69	122,017.10	115,895.02	115,293.90	112,735.24	103,201.92	106,859.11	0.00	0.00	0.00	0.00	0.00
Dynamic Provision	0.00	0.00	105,035.79	105,035.79	105,035.79	105,035.79	105,035.79	105,035.79	105,035.79	105,035.79	0.00	0.00	0.00	0.00	0.00
Other Reserves	-4,074.38	-69.08	5,897.71	4,443.90	16,981.31	10,859.24	10,258.12	7,699.45	-1,833.87	1,823.33	0.00	0.00	0.00	0.00	0.00
Retained Earnings	55,496.99	13.07	424,597.16	531,868.12	508,513.51	509,653.63	494,625.62	496,780.28	496,951.21	480,094.15	0.00	0.00	0.00	0.00	0.00
Net Income	-51,147.05	-47.68	107,269.92	12,679.93	20,403.57	22,999.72	31,764.74	42,011.39	46,515.90	56,122.87	0.00	0.00	0.00	0.00	0.00
Gain or Loss in Securities available for sale	7,695.10	-88.88	-8,658.27	-11,977.81	-11,158.40	-5,231.25	-3,078.75	-2,695.46	-1,258.49	-963.18	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	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LIABILITIES AND STOCKHOLDER'S EQUITY	-811,523.98	-9.69	8,374,759.21	7,750,628.90	7,920,508.84	7,756,705.41	7,485,309.42	7,238,917.52	7,706,751.55	7,563,235.23	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).

Field: Page; Sequence: 5

Field: /Page

NOTE: THE FINANCIAL INFORMATION INCLUDED IN THIS FORM 6-K HAS BEEN PREPARED ON A NON-CONSOLIDATED BASIS AND EXCLUDES FINANCIAL INFORMATION FOR BLADEX HOLDINGS INC., BLADEX REPRESENTACAO LTDA., BLADEX INVESTIMENTOS LTDA., BLX SOLUCIONES S.A. DE C.V.., AND BLADEX DEVELOPMENT CORP.., AS REQUIRED BY THE LAWS AND REGULATIONS APPLICABLE TO BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A. ("BLADEX") IN PANAMA, COUNTRY OF INCORPORATION WHERE BLADEX IS REGULATED AS A BANK WITH A GENERAL LICENSE . WE PROVIDE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS IN OUR ANNUAL REPORT ON FORM 20-F FOR EACH FISCAL YEAR. THE NON-CONSOLIDATED FINANCIAL INFORMATION CONTAINED HEREIN MAY DIFFER MATERIALLY FROM OUR CONSOLIDATED FINANCIAL RESULTS FOR THE SAME PERIOD.

●
INCOME
STATEMENT
BANCO LATINOAMERICANO
DE COMERCIO EXTERIOR, S.A.
DECEMBER
2015 - JULY 2016
(In
Thousand Balboas) *

| December | January | February | March | April | May | June | July | August | September | October | November | December | Year
to date | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Interest Income | 220,032.44 | 20,528.30 | 19,665.01 | 20,965.65 | 19,936.39 | 20,528.31 | 20,007.54 | 21,071.65 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 142,702.83 |
| Loans | 209,578.80 | 19,443.48 | 18,763.59 | 20,046.16 | 19,217.98 | 19,769.34 | 19,255.12 | 20,201.32 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 136,696.97 |
| Deposits | 2,050.08 | 448.29 | 267.74 | 455.16 | 263.54 | 267.15 | 362.61 | 398.36 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,462.84 |
| Investments | 8,403.57 | 636.53 | 633.69 | 464.33 | 454.87 | 491.82 | 389.81 | 471.96 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3,543.02 |
| Financial Leases | 0.00 | 0.00 | 0.00 | 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 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 75,135.71 | 7,330.17 | 6,821.72 | 7,564.85 | 7,359.57 | 7,621.85 | 7,380.74 | 8,387.31 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 52,466.20 |
| Interest | 74,833.21 | 7,308.84 | 6,796.98 | 7,533.95 | 7,337.49 | 7,598.96 | 7,351.30 | 8,112.61 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 52,040.14 |
| Commissions | 302.50 | 21.32 | 24.74 | 30.90 | 22.08 | 22.88 | 29.43 | 274.70 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 426.06 |
| Net Interest Income | 144,896.73 | 13,198.13 | 12,843.29 | 13,400.79 | 12,576.82 | 12,906.46 | 12,626.80 | 12,684.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 90,236.63 |
| Other Income | 224,543.26 | 21,106.86 | 11,743.58 | 29,905.61 | 20,784.61 | 26,267.17 | 21,153.89 | 14,097.87 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 145,059.58 |
| Commissions | 19,399.94 | 831.69 | 766.21 | 842.14 | 746.00 | 1,818.92 | 1,802.14 | 1,030.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7,837.10 |
| 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 | 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 | 0.00 | 0.00 | 0.00 |
| Other Income | 205,143.32 | 20,275.17 | 10,977.37 | 29,063.47 | 20,038.61 | 24,448.24 | 19,351.76 | 13,067.86 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 137,222.48 |
| Operating Income | 369,440.00 | 34,304.99 | 24,586.87 | 43,306.40 | 33,361.43 | 39,173.63 | 33,780.69 | 26,782.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 235,296.22 |
| Operating Expenses | 249,967.95 | 21,625.06 | 16,863.23 | 39,479.97 | 24,596.41 | 28,926.98 | 17,731.53 | 17,175.23 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 166,398.42 |
| Administrative expenses | 32,523.49 | 1,865.95 | 2,010.08 | 3,736.45 | 3,164.37 | 3,314.70 | -973.20 | 2,338.33 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 15,456.66 |
| General expenses | 8,075.80 | 476.10 | 519.98 | 899.01 | 879.98 | 656.37 | 556.68 | 690.82 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4,678.94 |
| Depreciation | 1,940.45 | 150.69 | 142.73 | 142.72 | 142.11 | 141.98 | 135.56 | 125.75 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 981.54 |
| Other expenses | 207,428.21 | 19,132.32 | 14,190.45 | 34,701.79 | 20,409.94 | 24,813.94 | 18,012.49 | 14,020.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 145,281.28 |
| Net Income before provision for loan losses | 119,472.05 | 12,679.93 | 7,723.64 | 3,826.43 | 8,765.02 | 10,246.65 | 16,049.16 | 9,606.97 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 68,897.80 |
| Provision for loan losses | 12,216.81 | 0.00 | 0.00 | 1,230.28 | 0.00 | 0.00 | 11,544.64 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12,774.92 |
| Net Income | 107,255.24 | 12,679.93 | 7,723.64 | 2,596.15 | 8,765.02 | 10,246.65 | 4,504.52 | 9,606.97 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 56,122.87 |

*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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