Edgar Filing: LATIN AMERICAN EXPORT BANK

Unassociated Document

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 Or 15d-16 Of The

Securities Exchange Act of 1934

For the month of May, 2007

BANCO LATINOAMERICANO DE EXPORTACIONES, S.A.

(Exact name of Registrant as specified in its Charter)

LATIN AMERICAN EXPORT BANK

(Translation of Registrant’s name into English)

Calle 50 y Aquilino de la Guardia

Apartado 0819-08730

El Dorado, 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 3, 2007
	Banco Latinoamericano de Exportaciones, S.A.

		By: /s/ Pedro Toll

		Name: Pedro Toll Title: Deputy Manager

ESTADO DE RESULTADO

BANCO LATINOAMERICANO DE EXPORTACIONES, S.A.

ENERO - MARZO 2007

(En Balboas)

18 de Abril de 2007

					2006		2007
Descripción	Absoluta		%		Diciembre		Enero		Febrero		Marzo		Abril
ACTIVOS LIQUIDOS		-74,604,189.03		-24.57		303,650,422.83		216,202,094.20		242,982,598.61		229,046,233.80		0.00
Depositos Locales en Bancos		24,252.73		13.95		173,891.04		171,541.89		211,225.69		198,143.77		0.00
A la Vista		24,252.73		13.95		173,891.04		171,541.89		211,225.69		198,143.77		0.00
A Plazo		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Depositos Extranjeros en Bancos		-74,628,367.50		-24.59		303,465,330.82		216,015,706.64		242,755,699.36		228,836,963.32		0.00
A la Vista		26,371,632.50		590.59		4,465,330.82		2,715,706.64		1,255,699.36		30,836,963.32		0.00
A Plazo		-101,000,000.00		-33.78		299,000,000.00		213,300,000.00		241,500,000.00		198,000,000.00		0.00
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		-74.26		-0.66		11,200.97		14,845.67		15,673.56		11,126.71		0.00
CARTERA CREDITICIA		315,698,260.22		10.78		2,929,506,047.77		3,036,256,324.76		3,027,768,900.81		3,245,204,307.99		0.00
Locales		-34,918,643.17		-18.02		193,815,776.27		190,803,578.31		185,116,953.31		158,897,133.10		0.00
Extranjero		355,964,286.34		12.77		2,786,955,793.50		2,896,713,920.80		2,893,913,101.85		3,142,920,079.84		0.00
Menos Provisiones		5,347,382.95		10.43		51,265,522.00		51,261,174.35		51,261,154.35		56,612,904.95		0.00
Locales		-100,493.44		-11.02		911,727.70		911,727.70		911,727.70		811,234.26		0.00
Extranjero		5,447,876.39		10.82		50,353,794.30		50,349,446.65		50,349,426.65		55,801,670.69		0.00
INVERSIONES EN VALORES		54,434,300.43		9.42		577,658,363.67		391,817,270.05		380,907,417.40		632,092,664.10		0.00
Locales		162,600.00		0.82		19,922,400.00		19,804,200.00		20,027,600.00		20,085,000.00		0.00
Extranjero		54,271,700.43		9.73		557,735,963.67		372,013,070.05		360,879,817.40		612,007,664.10		0.00
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 ACTIVOS		-37,813,429.81		-32.42		116,648,341.46		116,329,379.94		97,215,886.49		78,834,911.65		0.00
Locales		-12,299,470.28		-69.82		17,614,809.32		20,511,965.87		10,276,743.98		5,315,339.04		0.00
Extranjero		-25,513,959.53		-25.76		99,033,532.14		95,817,414.07		86,939,142.51		73,519,572.61		0.00
TOTAL DE ACTIVOS		257,714,941.81		6.56		3,927,463,175.73		3,760,605,068.95		3,748,874,803.31		4,185,178,117.54		0.00
DEPOSITOS		323,468,792.80		30.61		1,056,674,083.42		1,169,378,225.85		1,222,705,231.77		1,380,142,876.22		0.00
Locales		47,872,123.58		34.07		140,528,292.38		151,114,593.65		149,223,722.63		188,400,415.96		0.00
Oficiales		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Particulares		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		0.00		0.00		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
De Ahorros		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Bancos		47,872,123.58		34.07		140,528,292.38		151,114,593.65		149,223,722.63		188,400,415.96		0.00
A la Vista		-1,847,605.68		-14.91		12,390,382.81		9,751,662.28		13,366,002.78		10,542,777.13		0.00
A Plazo		49,719,729.26		38.80		128,137,909.57		141,362,931.37		135,857,719.85		177,857,638.83		0.00
Extranjero		275,596,669.22		30.08		916,145,791.04		1,018,263,632.20		1,073,481,509.14		1,191,742,460.26		0.00
Oficiales		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Particulares		62,828,090.72		166.02		37,843,681.20		98,076,330.45		99,415,948.70		100,671,771.92		0.00
A la Vista		-271,909.28		-13.49		2,016,181.20		2,248,830.45		1,738,448.70		1,744,271.92		0.00
A Plazo		63,100,000.00		176.12		35,827,500.00		95,827,500.00		97,677,500.00		98,927,500.00		0.00
De Ahorros		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Bancos		212,768,578.50		24.22		878,302,109.84		920,187,301.75		974,065,560.44		1,091,070,688.34		0.00
A la Vista		-27,921,642.84		-23.64		118,120,039.83		82,782,206.23		95,490,878.75		90,198,396.99		0.00
A Plazo		240,690,221.34		31.66		760,182,070.01		837,405,095.52		878,574,681.69		1,000,872,291.35		0.00
OBLIGACIONES		-27,493,599.98		-1.27		2,156,397,179.46		1,881,473,358.26		1,831,833,854.46		2,128,903,579.48		0.00
Locales		0.00		0.00		30,000,000.00		30,000,000.00		31,868,459.90		30,000,000.00		0.00
Extranjero		-27,493,599.98		-1.29		2,126,397,179.46		1,851,473,358.26		1,799,965,394.56		2,098,903,579.48		0.00
OTROS PASIVOS		-42,278,812.59		-32.81		128,842,847.85		120,909,042.64		102,899,898.91		86,564,035.26		0.00
Locales		-15,317,134.05		-64.83		23,627,842.37		11,702,379.03		10,338,688.73		8,310,708.32		0.00
Extranjero		-26,961,678.54		-25.63		105,215,005.48		109,206,663.61		92,561,210.18		78,253,326.94		0.00
PATRIMONIO		4,018,561.62		0.69		585,549,065.00		588,844,442.19		591,435,818.14		589,567,626.62		0.00
Capital		161,638.64		0.06		280,157,273.47		280,212,949.00		280,263,236.58		280,318,912.11		0.00
Reservas de Capital		0.00		0.00		95,210,153.67		95,210,153.67		95,210,153.67		95,210,153.67		0.00
Otras Reservas		13,769.59		-18.99		-72,504.59		68,218.00		22,274.00		-58,735.00		0.00
Utilidad de Periodos Anteriores		46,727,670.05		30.70		152,204,116.93		207,009,182.67		206,924,182.67		198,931,786.98		0.00
Utilidad de Periodo		-41,546,590.32		-76.63		54,220,627.29		6,125,153.63		8,967,061.66		12,674,036.97		0.00
Ganancia o Perdida en Valores Disponible para la venta		-1,337,926.34		-34.94		3,829,398.23		218,785.22		48,909.56		2,491,471.89		0.00
Deuda Subordinada		0.00		0.00		0.00		0.00		0.00		0.00		0.00
PASIVO Y PATRIMONIO		257,714,941.85		6.56		3,927,463,175.73		3,760,605,068.94		3,748,874,803.28		4,185,178,117.58		0.00

	2007
Descripción	Mayo		Junio		Julio		Agosto		Septiembre		Octubre		Noviembre		Diciembre
ACTIVOS LIQUIDOS		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Depositos Locales en Bancos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		0.00		0.00		0.00		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
Depositos Extranjeros en Bancos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		0.00		0.00		0.00		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
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		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
CARTERA CREDITICIA		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
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
INVERSIONES EN VALORES		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
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		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
TOTAL DE ACTIVOS		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
DEPOSITOS		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
Oficiales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Particulares		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		0.00		0.00		0.00		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
De Ahorros		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Bancos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		0.00		0.00		0.00		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
Extranjero		0.00		0.00		0.00		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
De Particulares		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		0.00		0.00		0.00		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
De Ahorros		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Bancos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		0.00		0.00		0.00		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
OBLIGACIONES		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 PASIVOS		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
PATRIMONIO		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Capital		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Reservas de Capital		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Otras Reservas		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Utilidad de Periodos Anteriores		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Utilidad de Periodo		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Ganancia o Perdida en Valores Disponible para la venta		0.00		0.00		0.00		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
PASIVO Y PATRIMONIO		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

18 de Abril de 2007

ESTADO DE RESULTADO

BANCO LATINOAMERICANO DE EXPORTACIONES, S.A.

ENERO - MARZO 2007

(En Balboas)

Descripción	Enero		Febrero		Marzo		Trimestre I		Abril		Mayo		Junio		Trimestre II
Ingresos Por Intereses		19,655,049.68		17,737,463.67		20,683,853.26		58,076,366.61		0.00		0.00		0.00		0.00
Préstamos		16,952,273.81		15,700,845.01		17,395,096.07		50,048,214.89		0.00		0.00		0.00		0.00
Depósitos		868,382.96		769,848.68		996,685.10		2,634,916.74		0.00		0.00		0.00		0.00
Inversiones		1,834,392.91		1,266,769.98		2,292,072.09		5,393,234.98		0.00		0.00		0.00		0.00
Egresos de Operaciones		14,530,876.98		12,967,599.32		15,468,817.28		42,967,293.58		0.00		0.00		0.00		0.00
Intereses Pagados		14,529,189.99		12,965,836.71		15,461,564.58		42,956,591.28		0.00		0.00		0.00		0.00
Comisiones		1,686.99		1,762.61		7,252.70		10,702.30		0.00		0.00		0.00		0.00
Ingreso Neto de Intereses		5,124,172.70		4,769,864.35		5,215,035.98		15,109,073.03		0.00		0.00		0.00		0.00
Otros Ingresos		3,252,247.96		263,977.66		-5,382.34		3,510,843.28		0.00		0.00		0.00		0.00
Comisiones		532,215.31		345,294.45		369,807.89		1,247,317.65		0.00		0.00		0.00		0.00
Operaciones con Divisas		-31,867.58		-61,017.34		101,256.36		8,371.44		0.00		0.00		0.00		0.00
Otros ingresos		2,751,900.23		-20,299.45		-476,446.59		2,255,154.19		0.00		0.00		0.00		0.00
Ingresos de Operaciones		8,376,420.66		5,033,842.01		5,209,653.64		18,619,916.31		0.00		0.00		0.00		0.00
Egresos Generales		2,251,267.03		2,191,933.98		-3,851,437.28		591,763.73		0.00		0.00		0.00		0.00
Gastos Administrativos		1,389,320.94		1,152,761.57		1,378,644.88		3,920,727.39		0.00		0.00		0.00		0.00
Gastos Generales		230,861.37		393,847.95		424,127.86		1,048,837.18		0.00		0.00		0.00		0.00
Gastos de Depreciación		228,406.64		164,173.56		213,327.01		605,907.21		0.00		0.00		0.00		0.00
Otros Gastos		402,678.08		481,150.90		-5,867,537.03		-4,983,708.05		0.00		0.00		0.00		0.00
Utilidad antes de Provisiones		6,125,153.63		2,841,908.03		9,061,090.92		18,028,152.58		0.00		0.00		0.00		0.00
Provisiones por Cuentas Malas		0.00		0.00		5,354,115.61		5,354,115.61		0.00		0.00		0.00		0.00
Utilidad del Periodo		6,125,153.63		2,841,908.03		3,706,975.31		12,674,036.97		0.00		0.00		0.00		0.00

Descripción	Julio		Agosto		Septiembre		Trimestre III		Octubre		Noviembre		Diciembre		Trimestre IV		Acumulado Anual
Ingresos Por Intereses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		58,076,366.61
Préstamos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		50,048,214.89
Depósitos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		2,634,916.74
Inversiones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		5,393,234.98
Egresos de Operaciones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		42,967,293.58
Intereses Pagados		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		42,956,591.28
Comisiones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		10,702.30
Ingreso Neto de Intereses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		15,109,073.03
Otros Ingresos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		3,510,843.28
Comisiones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,247,317.65
Operaciones con Divisas		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		8,371.44
Otros ingresos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		2,255,154.19
Ingresos de Operaciones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		18,619,916.31
Egresos Generales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		591,763.73
Gastos Administrativos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		3,920,727.39
Gastos Generales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,048,837.18
Gastos de Depreciación		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		605,907.21
Otros Gastos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		-4,983,708.05
Utilidad antes de Provisiones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		18,028,152.58
Provisiones por Cuentas Malas		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		5,354,115.61
Utilidad del Periodo		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		12,674,036.97

BANCO LATINOAMERICANO DE EXPORTACIONES

BALANCE SHEETS* DECEMBER 2006 AND JANUARY - MARCH 2007

(In Balboas)**

April 18th, 2007

					2006		2007
Descripción	Absolute		%		December		January		February		March		April
LIQUID ASSETS		-74,604,189.03		-24.57		303,650,422.83		216,202,094.20		242,982,598.61		229,046,233.80		0.00
Local Deposits in Banks		24,252.73		13.95		173,891.04		171,541.89		211,225.69		198,143.77		0.00
Demand		24,252.73		13.95		173,891.04		171,541.89		211,225.69		198,143.77		0.00
Time		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign Deposits in Banks		-74,628,367.50		-24.59		303,465,330.82		216,015,706.64		242,755,699.36		228,836,963.32		0.00
Demand		26,371,632.50		590.59		4,465,330.82		2,715,706.64		1,255,699.36		30,836,963.32		0.00
Time		-101,000,000.00		-33.78		299,000,000.00		213,300,000.00		241,500,000.00		198,000,000.00		0.00
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		-74.26		-0.66		11,200.97		14,845.67		15,673.56		11,126.71		0.00
CREDIT PORTFOLIO		315,698,260.22		10.78		2,929,506,047.77		3,036,256,324.76		3,027,768,900.81		3,245,204,307.99		0.00
Local		-34,918,643.17		-18.02		193,815,776.27		190,803,578.31		185,116,953.31		158,897,133.10		0.00
Foreign		355,964,286.34		12.77		2,786,955,793.50		2,896,713,920.80		2,893,913,101.85		3,142,920,079.84		0.00
Less Allowance		5,347,382.95		10.43		51,265,522.00		51,261,174.35		51,261,154.35		56,612,904.95		0.00
Local		-100,493.44		-11.02		911,727.70		911,727.70		911,727.70		811,234.26		0.00
Foreign		5,447,876.39		10.82		50,353,794.30		50,349,446.65		50,349,426.65		55,801,670.69		0.00
INVESTMENT SECURITIES		54,434,300.43		9.42		577,658,363.67		391,817,270.05		380,907,417.40		632,092,664.10		0.00
Local		162,600.00		0.82		19,922,400.00		19,804,200.00		20,027,600.00		20,085,000.00		0.00
Foreign		54,271,700.43		9.73		557,735,963.67		372,013,070.05		360,879,817.40		612,007,664.10		0.00
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
OTHER ASSETS		-37,813,429.81		-32.42		116,648,341.46		116,329,379.94		97,215,886.49		78,834,911.65		0.00
Local		-12,299,470.28		-69.82		17,614,809.32		20,511,965.87		10,276,743.98		5,315,339.04		0.00
Foreign		-25,513,959.53		-25.76		99,033,532.14		95,817,414.07		86,939,142.51		73,519,572.61		0.00
TOTAL ASSETS		257,714,941.81		6.56		3,927,463,175.73		3,760,605,068.95		3,748,874,803.31		4,185,178,117.54		0.00
DEPOSITS		323,468,792.80		30.61		1,056,674,083.42		1,169,378,225.85		1,222,705,231.77		1,380,142,876.22		0.00
Local		47,872,123.58		34.07		140,528,292.38		151,114,593.65		149,223,722.63		188,400,415.96		0.00
Government		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Customers		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		0.00		0.00		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
Savings		0.00		0.00		0.00		0.00		0.00		0.00		0.00
From Banks		47,872,123.58		34.07		140,528,292.38		151,114,593.65		149,223,722.63		188,400,415.96		0.00
Demand		-1,847,605.68		-14.91		12,390,382.81		9,751,662.28		13,366,002.78		10,542,777.13		0.00
Time		49,719,729.26		38.80		128,137,909.57		141,362,931.37		135,857,719.85		177,857,638.83		0.00
Foreign		275,596,669.22		30.08		916,145,791.04		1,018,263,632.20		1,073,481,509.14		1,191,742,460.26		0.00
Government		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Customers		62,828,090.72		166.02		37,843,681.20		98,076,330.45		99,415,948.70		100,671,771.92		0.00
Demand		-271,909.28		-13.49		2,016,181.20		2,248,830.45		1,738,448.70		1,744,271.92		0.00
Time		63,100,000.00		176.12		35,827,500.00		95,827,500.00		97,677,500.00		98,927,500.00		0.00
Savings		0.00		0.00		0.00		0.00		0.00		0.00		0.00
From Banks		212,768,578.50		24.22		878,302,109.84		920,187,301.75		974,065,560.44		1,091,070,688.34		0.00
Demand		-27,921,642.84		-23.64		118,120,039.83		82,782,206.23		95,490,878.75		90,198,396.99		0.00
Time		240,690,221.34		31.66		760,182,070.01		837,405,095.52		878,574,681.69		1,000,872,291.35		0.00
BORROWINGS		-27,493,599.98		-1.27		2,156,397,179.46		1,881,473,358.26		1,831,833,854.46		2,128,903,579.48		0.00
Local		0.00		0.00		30,000,000.00		30,000,000.00		31,868,459.90		30,000,000.00		0.00
Foreign		-27,493,599.98		-1.29		2,126,397,179.46		1,851,473,358.26		1,799,965,394.56		2,098,903,579.48		0.00
OTHER LIABILITIES		-42,278,812.59		-32.81		128,842,847.85		120,909,042.64		102,899,898.91		86,564,035.26		0.00
Local		-15,317,134.05		-64.83		23,627,842.37		11,702,379.03		10,338,688.73		8,310,708.32		0.00
Foreign		-26,961,678.54		-25.63		105,215,005.48		109,206,663.61		92,561,210.18		78,253,326.94		0.00
STOCKHOLDERS' EQUITY		4,018,561.62		0.69		585,549,065.00		588,844,442.19		591,435,818.14		589,567,626.62		0.00
Capital		161,638.64		0.06		280,157,273.47		280,212,949.00		280,263,236.58		280,318,912.11		0.00
Capital Reserves		0.00		0.00		95,210,153.67		95,210,153.67		95,210,153.67		95,210,153.67		0.00
Other Reserves		13,769.59		-18.99		-72,504.59		68,218.00		22,274.00		-58,735.00		0.00
Retained Earnings		46,727,670.05		30.70		152,204,116.93		207,009,182.67		206,924,182.67		198,931,786.98		0.00
Net Income		-41,546,590.32		-76.63		54,220,627.29		6,125,153.63		8,967,061.66		12,674,036.97		0.00
Gain or Loss in Securities available for sale		-1,337,926.34		-34.94		3,829,398.23		218,785.22		48,909.56		2,491,471.89		0.00
Subordinated Debt		0.00		0.00		0.00		0.00		0.00		0.00		0.00
LIABILITIES AND STOCKHOLDER'S EQUITY		257,714,941.85		6.56		3,927,463,175.73		3,760,605,068.94		3,748,874,803.28		4,185,178,117.58		0.00

	2007
Descripción	May		June		July		August		September		October		November		December
LIQUID ASSETS		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local Deposits in Banks		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		0.00		0.00		0.00		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
Foreign Deposits in Banks		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		0.00		0.00		0.00		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
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		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
CREDIT PORTFOLIO		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
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
INVESTMENT SECURITIES		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
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		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
TOTAL ASSETS		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
DEPOSITS		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
Government		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Customers		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		0.00		0.00		0.00		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
Savings		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
From Banks		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		0.00		0.00		0.00		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
Foreign		0.00		0.00		0.00		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
Customers		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		0.00		0.00		0.00		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
Savings		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
From Banks		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		0.00		0.00		0.00		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
BORROWINGS		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 LIABILITIES		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
STOCKHOLDERS' EQUITY		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Capital		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Capital Reserves		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Other Reserves		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Retained Earnings		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Net Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Gain or Loss in Securities available for sale		0.00		0.00		0.00		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
LIABILITIES AND STOCKHOLDER'S EQUITY		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

* Includes only Panama - New York accounts.

**Monetary unit at par and equivalent with US$ dollars.

This is a free translation from Spanish original version, taken from the monthly publication of the Republica de Panamá

Superintendencia de Bancos (website: http://www.superbancos.gob.pa).

April 18th, 2007

STATEMENTS OF INCOME *

BANCO LATINOAMERICANO DE EXPORTACIONES, S.A.

JANUARY - MARCH 2007

(In Balboas)**

Description	January		February		March		I Quarter		April		May		June		II Quarter
Interest Income		19,655,049.68		17,737,463.67		20,683,853.26		58,076,366.61		0.00		0.00		0.00		0.00
Loans		16,952,273.81		15,700,845.01		17,395,096.07		50,048,214.89		0.00		0.00		0.00		0.00
Deposits		868,382.96		769,848.68		996,685.10		2,634,916.74		0.00		0.00		0.00		0.00
Investments		1,834,392.91		1,266,769.98		2,292,072.09		5,393,234.98		0.00		0.00		0.00		0.00
Interest Expense		14,530,876.98		12,967,599.32		15,468,817.28		42,967,293.58		0.00		0.00		0.00		0.00
Interest		14,529,189.99		12,965,836.71		15,461,564.58		42,956,591.28		0.00		0.00		0.00		0.00
Commissions		1,686.99		1,762.61		7,252.70		10,702.30		0.00		0.00		0.00		0.00
Net Interest Income		5,124,172.70		4,769,864.35		5,215,035.98		15,109,073.03		0.00		0.00		0.00		0.00
Other Income		3,252,247.96		263,977.66		-5,382.34		3,510,843.28		0.00		0.00		0.00		0.00
Commissions		532,215.31		345,294.45		369,807.89		1,247,317.65		0.00		0.00		0.00		0.00
Foreign currency operations		-31,867.58		-61,017.34		101,256.36		8,371.44		0.00		0.00		0.00		0.00
Other Income		2,751,900.23		-20,299.45		-476,446.59		2,255,154.19		0.00		0.00		0.00		0.00
Operating Income		8,376,420.66		5,033,842.01		5,209,653.64		18,619,916.31		0.00		0.00		0.00		0.00
Operating Expenses		2,251,267.03		2,191,933.98		-3,851,437.28		591,763.73		0.00		0.00		0.00		0.00
Administrative expenses		1,389,320.94		1,152,761.57		1,378,644.88		3,920,727.39		0.00		0.00		0.00		0.00
General expenses		230,861.37		393,847.95		424,127.86		1,048,837.18		0.00		0.00		0.00		0.00
Depreciation		228,406.64		164,173.56		213,327.01		605,907.21		0.00		0.00		0.00		0.00
Other expenses		402,678.08		481,150.90		-5,867,537.03		-4,983,708.05		0.00		0.00		0.00		0.00
Net Income before provision for loan losses		6,125,153.63		2,841,908.03		9,061,090.92		18,028,152.58		0.00		0.00		0.00		0.00
Provision for loan losses		0.00		0.00		5,354,115.61		5,354,115.61		0.00		0.00		0.00		0.00
Net Income		6,125,153.63		2,841,908.03		3,706,975.31		12,674,036.97		0.00		0.00		0.00		0.00

Description	July		August		September		III Quarter		October		November		December		IV Quarter		Year to date
Interest Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		58,076,366.61
Loans		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		50,048,214.89
Deposits		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		2,634,916.74
Investments		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		5,393,234.98
Interest Expense		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		42,967,293.58
Interest		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		42,956,591.28
Commissions		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		10,702.30
Net Interest Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		15,109,073.03
Other Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		3,510,843.28
Commissions		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,247,317.65
Foreign currency operations		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		8,371.44
Other Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		2,255,154.19
Operating Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		18,619,916.31
Operating Expenses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		591,763.73
Administrative expenses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		3,920,727.39
General expenses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,048,837.18
Depreciation		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		605,907.21
Other expenses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		-4,983,708.05
Net Income before provision for loan losses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		18,028,152.58
Provision for loan losses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		5,354,115.61
Net Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		12,674,036.97

* Includes only Panama - New York accounts.

** Monetary unit at par and equivalent with US$ dollars.

This is a free translation from Spanish original version, taken from the monthly publication of the Republica de Panamá

Superintendencia de Bancos (website: http://www.superbancos.gob.pa).