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 January, 2012

 

BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.

(Exact name of Registrant as specified in its Charter)

 

FOREIGN TRADE BANK OF LATIN AMERICA, INC.

(Translation of Registrant’s name into English)

 

Calle 50 y Aquilino de la Guardia

P.O. Box 0819-08730

Panama City, Republic of Panama

(Address of Registrant’s Principal Executive Offices)

 

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

 

Form 20-F x    Form 40-F ¨

 

(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing information to the Commission pursuant to Rule 12g-3-2(b) under the Securities Exchange Act of 1934.)

 

Yes ¨ No x

 

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b). 82__.)

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

 

January 25, 2012

FOREIGN TRADE BANK OF LATIN AMERICA, INC.

 

  By: /s/ Pedro Toll
   
  Name: Pedro Toll
  Title:  General Manager

 

 
 

  

NOTA: LA INFORMACION INCLUIDA EN EL PRESENTE REPORTE 6-K FUE PREPARADA EN UNA BASE NO CONSOLIDADA Y EXCLUYE LA INFORMACION FINANCIERA DE BLADEX ASSET MANAGEMENT INC., BLADEX HOLDINGS INC., CLAVEX S.A., BLADEX OFFSHORE FEEDER FUND, AND BLADEX REPRESENTACAO LTDA., 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 2010 A NOVIEMBRE 2011

(En Miles de Balboas) *

27 de diciembre de 2011

   

    Variación       2010   2011  
    Absoluta   %   Diciembre   Enero   Febrero   Marzo   Abril   Mayo   Junio   Julio   Agosto   Septiembre   Octubre   Noviembre   Diciembre  
ACTIVOS LIQUIDOS   50,723.94   11.63   436,281.06   268,801.06   397,278.32   327,728.56   382,232.30   287,768.19   356,129.45   364,155.92   665,515.00   581,844.62   756,657.95   487,005.00   0.00  
Depósitos Locales en Bancos   -135.87   -55.41   245.21   272.85   322.73   20,559.51   456.06   266.49   471.63   97.94   110.83   95.41   107.42   109.34   0.00  
A la Vista   -135.87   -55.41   245.21   272.85   322.73   559.51   456.06   266.49   471.63   97.94   110.83   95.41   107.42   109.34   0.00  
A Plazo   0.00   0.00   0.00   0.00   0.00   20,000.00   0.00   0.00   0.00   0.00   0.00   0.00   0.00   0.00   0.00  
Depósitos Extranjeros en Bancos   50,860.04   11.66   436,025.02   268,516.96   396,944.71   307,153.96   381,762.30   287,487.92   355,642.59   364,045.04   665,392.33   581,738.35   756,542.96   486,885.06   0.00  
A la Vista   170,860.04   59.74   286,025.02   178,516.96   213,344.71   237,153.96   241,762.30   236,487.92   295,642.59   254,045.04   595,392.33   541,738.35   726,542.96   456,885.06   0.00  
A Plazo   -120,000.00   -80.00   150,000.00   90,000.00   183,600.00   70,000.00   140,000.00   51,000.00   60,000.00   110,000.00   70,000.00   40,000.00   30,000.00   30,000.00   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   -0.23   -2.13   10.83   11.25   10.89   15.10   13.94   13.77   15.22   12.94   11.84   10.87   7.57   10.60   0.00  
CARTERA CREDITICIA   1,048,844.68   26.32   3,985,716.18   4,016,060.52   4,028,656.29   4,301,969.70   4,362,035.29   4,413,671.71   4,696,693.62   4,754,184.04   4,753,581.69   4,980,565.61   5,040,106.86   5,034,560.86   0.00  
Locales   44,928.00   17.38   258,485.38   120,491.53   128,457.41   127,913.13   166,362.09   152,562.10   277,906.43   282,572.72   292,702.47   306,826.06   307,432.27   303,413.38   0.00  
Extranjero   1,009,232.71   26.52   3,805,846.52   3,974,184.70   3,978,814.60   4,257,482.20   4,279,098.83   4,344,535.25   4,499,625.98   4,552,447.72   4,540,115.61   4,753,567.75   4,812,526.32   4,815,079.23   0.00  
Menos Provisiones   5,316.02   6.76   78,615.72   78,615.72   78,615.72   83,425.63   83,425.63   83,425.63   80,838.79   80,836.40   79,236.40   79,828.20   79,851.74   83,931.74   0.00  
Locales   3,005.01   121.50   2,473.16   689.14   689.14   898.73   1,364.92   1,276.88   5,385.40   5,385.40   5,667.45   5,589.18   5,658.79   5,478.17   0.00  
Extranjero   2,311.01   3.04   76,142.56   77,926.58   77,926.58   82,526.91   82,060.71   82,148.75   75,453.39   75,451.00   73,568.94   74,239.02   74,192.95   78,453.58   0.00  
INVERSIONES EN VALORES   34,437.24   6.33   543,792.42   543,854.60   552,396.03   572,056.91   528,266.78   556,734.66   658,348.14   668,192.35   584,651.25   580,094.18   584,208.66   578,229.66   0.00  
Locales   8,622.88   15.83   54,469.82   54,684.33   54,462.25   54,493.39   54,726.12   55,259.25   79,852.38   78,150.38   65,248.70   63,202.90   62,769.00   63,092.69   0.00  
Extranjero   25,814.36   5.28   489,322.60   489,170.27   497,933.78   517,563.52   473,540.66   501,475.41   578,495.76   590,041.97   519,402.55   516,891.28   521,439.66   515,136.96   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 ACTIVOS   -10,676.51   -13.71   77,869.52   53,036.12   55,636.63   50,062.77   88,929.50   65,184.87   55,265.78   177,871.68   126,318.62   128,704.99   127,636.24   67,193.01   0.00  
Locales   5,227.14   37.92   13,783.44   14,340.45   15,395.23   12,538.60   12,993.01   13,663.29   12,672.62   14,154.11   16,441.71   15,877.17   20,043.24   19,010.58   0.00  
Extranjero   -15,903.65   -24.82   64,086.08   38,695.67   40,241.40   37,524.17   75,936.49   51,521.59   42,593.16   163,717.57   109,876.91   112,827.82   107,593.01   48,182.43   0.00  
TOTAL DE ACTIVOS   1,123,329.35   22.27   5,043,659.18   4,881,752.30   5,033,967.27   5,251,817.95   5,361,463.87   5,323,359.43   5,766,436.99   5,964,403.99   6,130,066.56   6,271,209.40   6,508,609.72   6,166,988.53   0.00  
DEPOSITOS   365,468.14   20.06   1,822,095.82   1,600,816.62   1,855,913.30   1,909,172.19   2,011,606.68   1,956,763.98   2,085,605.75   2,217,844.64   2,429,562.01   2,496,784.02   2,491,400.73   2,187,563.97   0.00  
Locales   14,970.04   5.80   258,005.17   252,899.16   217,407.36   226,543.33   200,006.68   178,709.11   217,806.31   246,216.37   215,858.95   198,307.50   219,946.29   272,975.20   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   0.00   0.00   40,000.00   40,000.00   40,000.00   40,000.00   40,000.00   40,000.00   40,000.00   40,000.00   35,000.00   40,000.00   40,000.00   40,000.00   0.00  
A la Vista   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  
A Plazo   0.00   0.00   40,000.00   40,000.00   40,000.00   40,000.00   40,000.00   40,000.00   40,000.00   40,000.00   35,000.00   40,000.00   40,000.00   40,000.00   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   14,970.04   6.87   218,005.17   212,899.16   177,407.36   186,543.33   160,006.68   138,709.11   177,806.31   206,216.37   180,858.95   158,307.50   179,946.29   232,975.20   0.00  
A la Vista   -266.33   -73.94   360.23   368.66   379.24   424.67   433.27   435.93   444.29   437.41   439.84   441.79   94.48   93.89   0.00  
A Plazo   15,236.37   7.00   217,644.94   212,530.50   177,028.12   186,118.66   159,573.41   138,273.18   177,362.02   205,778.96   180,419.12   157,865.71   179,851.81   232,881.31   0.00  
Extranjero   350,498.11   22.41   1,564,090.66   1,347,917.46   1,638,505.94   1,682,628.87   1,811,600.00   1,778,054.87   1,867,799.44   1,971,628.27   2,213,703.06   2,298,476.51   2,271,454.44   1,914,588.77   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   6,124.93   148.42   4,126.89   4,143.38   4,156.03   5,880.06   4,407.33   4,416.26   4,423.03   4,178.87   4,186.55   8,862.58   10,243.47   10,251.82   0.00  
A la Vista   42.77   2.98   1,437.35   1,444.43   1,456.71   3,180.74   1,698.89   1,707.42   1,714.19   1,460.71   1,468.04   1,600.32   1,472.35   1,480.13   0.00  
A Plazo   6,082.15   226.14   2,689.54   2,698.95   2,699.32   2,699.32   2,708.44   2,708.84   2,708.84   2,718.16   2,718.50   7,262.26   8,771.12   8,771.69   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   344,373.18   22.08   1,559,963.77   1,343,774.08   1,634,349.91   1,676,748.81   1,807,192.67   1,773,638.61   1,863,376.41   1,967,449.40   2,209,516.51   2,289,613.93   2,261,210.97   1,904,336.95   0.00  
A la Vista   -455.52   -0.46   99,725.99   31,779.48   39,247.07   32,759.58   31,477.54   28,406.02   20,407.48   26,302.18   50,943.92   107,153.26   92,433.68   99,270.47   0.00  
A Plazo   344,828.70   23.61   1,460,237.78   1,311,994.61   1,595,102.83   1,643,989.23   1,775,715.13   1,745,232.59   1,842,968.92   1,941,147.22   2,158,572.58   2,182,460.67   2,168,777.30   1,805,066.48   0.00  
OBLIGACIONES   710,284.22   29.12   2,439,405.32   2,515,621.40   2,417,741.99   2,599,765.96   2,574,388.06   2,592,017.62   2,902,097.59   2,868,190.62   2,840,636.80   2,891,596.43   3,126,726.19   3,149,689.54   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   710,284.22   29.12   2,439,405.32   2,515,621.40   2,417,741.99   2,599,765.96   2,574,388.06   2,592,017.62   2,902,097.59   2,868,190.62   2,840,636.80   2,891,596.43   3,126,726.19   3,149,689.54   0.00  
OTROS PASIVOS   -33,613.55   -26.58   126,479.97   103,027.58   92,563.23   79,785.22   103,270.35   87,821.02   89,928.00   173,698.93   142,578.30   173,810.10   162,333.87   92,866.42   0.00  
Locales   -2,813.40   -42.95   6,549.93   6,364.44   2,177.12   3,811.64   4,123.38   3,207.33   4,946.42   4,321.86   2,684.62   5,455.31   5,563.73   3,736.53   0.00  
Extranjero   -30,800.15   -25.68   119,930.04   96,663.14   90,386.11   75,973.58   99,146.97   84,613.69   84,981.58   169,377.07   139,893.67   168,354.79   156,770.14   89,129.89   0.00  
PATRIMONIO   81,190.53   12.38   655,678.08   662,286.70   667,748.75   663,094.58   672,198.79   686,756.81   688,805.65   704,669.79   717,289.46   709,018.86   728,148.93   736,868.60   0.00  
Capital   6,176.04   2.14   288,129.32   288,311.61   288,722.55   289,347.80   289,751.26   292,281.58   292,469.13   292,760.69   293,508.76   293,923.17   294,117.40   294,305.35   0.00  
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   95,210.15   95,210.15   95,210.15   95,210.15   95,210.15   95,210.15   0.00  
Otras Reservas   1,149.07   -42.60   -2,697.38   -2,716.62   -2,482.79   -3,204.55   -3,820.48   -3,055.88   -3,076.82   -3,122.32   -2,776.98   -2,315.84   -2,284.96   -1,548.31   0.00  
Utilidad de Periodos Anteriores   33,669.04   15.16   222,069.21   278,780.39   277,679.07   270,320.26   270,320.26   270,321.36   262,916.44   262,916.44   262,926.76   255,505.41   255,742.09   255,738.25   0.00  
Utilidad de Periodo   40,333.00   71.12   56,711.17   5,265.15   10,011.51   11,980.60   22,679.41   32,596.08   41,606.18   53,216.22   69,151.90   76,067.10   89,428.04   97,044.18   0.00  
Ganancia o Perdida en Valores Disponible para la venta   -136.62   3.65   -3,744.40   -2,563.97   -1,391.74   -559.69   -1,941.82   -596.49   -319.43   3,688.61   -731.13   -9,371.14   -4,063.80   -3,881.02   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   1,123,329.35   22.27   5,043,659.18   4,881,752.30   5,033,967.27   5,251,817.95   5,361,463.87   5,323,359.43   5,766,436.99   5,964,403.99   6,130,066.56   6,271,209.40   6,508,609.72   6,166,988.53   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).

  

 
 

 

NOTA: LA INFORMACION INCLUIDA EN EL PRESENTE REPORTE 6-K FUE PREPARADA EN UNA BASE NO CONSOLIDADA Y EXCLUYE LA INFORMACION FINANCIERA DE BLADEX ASSET MANAGEMENT INC., BLADEX HOLDINGS INC., CLAVEX S.A., BLADEX OFFSHORE FEEDER FUND, AND BLADEX REPRESENTACAO LTDA., 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 2010 A NOVIEMBRE 2011

(En Miles de Balboas) *

27 de diciembre de 2011

 

    2010   2011      
    Diciembre   Enero   Febrero   Marzo   Abril   Mayo   Junio   Julio   Agosto   Septiembre   Octubre   Noviembre   Diciembre   Acumulado  
Ingresos Por Intereses   117,278.22   11,450.55   10,908.73   10,109.60   11,710.96   11,676.26   11,912.54   13,897.89   14,315.68   13,474.37   15,451.77   14,366.36   0.00   139,274.72  
Préstamos   104,835.28   10,487.97   10,191.70   9,108.75   10,651.45   10,582.29   10,712.31   12,411.90   12,820.30   12,092.74   13,957.68   12,994.70   0.00   126,011.80  
Depósitos   837.22   64.95   66.98   49.54   50.68   59.29   68.26   56.17   88.20   191.48   211.34   178.80   0.00   1,085.70  
Inversiones   11,605.72   897.62   650.06   951.30   1,008.83   1,034.68   1,131.97   1,429.82   1,407.19   1,190.15   1,282.74   1,192.86   0.00   12,177.22  
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   44,145.73   3,982.24   3,604.85   3,879.04   3,893.79   4,258.04   4,236.34   4,570.99   4,584.35   4,658.82   4,997.38   5,589.90   0.00   48,255.74  
Intereses Pagados   44,011.66   3,971.33   3,590.90   3,873.15   3,889.35   4,257.36   4,235.98   4,564.88   4,576.76   4,645.42   4,968.32   5,587.70   0.00   48,161.15  
Comisiones   134.07   10.91   13.95   5.89   4.44   0.68   0.36   6.11   7.59   13.40   29.05   2.20   0.00   94.60  
Ingreso Neto de Intereses   73,132.49   7,468.30   7,303.88   6,230.56   7,817.17   7,418.23   7,676.20   9,326.91   9,731.33   8,815.55   10,454.39   8,776.46   0.00   91,018.98  
Otros Ingresos   24,156.11   875.23   987.01   1,297.90   6,605.82   6,919.83   6,290.73   6,289.80   8,636.10   7,450.73   6,972.51   8,794.86   0.00   61,120.51  
Comisiones   9,900.14   719.01   780.44   645.52   545.06   537.18   790.90   878.14   1,042.37   1,740.74   1,480.02   516.14   0.00   9,675.51  
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   14,255.97   156.22   206.57   652.38   6,060.76   6,382.65   5,499.82   5,411.66   7,593.74   5,709.99   5,492.49   8,278.72   0.00   51,445.00  
Ingresos de Operaciones   97,288.60   8,343.53   8,290.90   7,528.45   14,422.99   14,338.06   13,966.93   15,616.70   18,367.43   16,266.28   17,426.90   17,571.32   0.00   152,139.49  
Egresos Generales   45,411.64   3,078.38   3,544.53   5,292.79   3,724.18   4,421.39   4,469.56   4,006.66   4,031.75   5,352.23   4,065.96   5,875.18   0.00   47,862.61  
Gastos Administrativos   22,637.89   1,471.10   1,967.00   2,834.21   2,050.63   2,348.35   2,489.49   1,923.08   2,571.70   2,602.36   1,938.83   2,340.32   0.00   24,537.07  
Gastos Generales   5,089.90   204.17   418.28   668.86   229.78   698.80   802.59   564.96   258.45   939.24   578.21   375.43   0.00   5,738.79  
Gastos de Depreciación   2,403.20   189.69   203.80   194.60   194.15   199.98   197.32   151.89   141.98   140.04   148.50   148.38   0.00   1,910.33  
Otros Gastos   15,280.66   1,213.42   955.45   1,595.11   1,249.62   1,174.26   980.16   1,366.73   1,059.62   1,670.59   1,400.42   3,011.04   0.00   15,676.41  
Utilidad antes de Provisiones   51,876.96   5,265.15   4,746.37   2,235.67   10,698.81   9,916.67   9,497.36   11,610.04   14,335.69   10,914.05   13,360.94   11,696.13   0.00   104,276.87  
Provisiones por Cuentas Malas   -4,834.21   0.00   0.00   266.58   0.00   0.00   487.27   0.00   -1,600.00   3,998.85   0.00   4,080.00   0.00   7,232.70  
Utilidad del Periodo   56,711.17   5,265.15   4,746.37   1,969.09   10,698.81   9,916.67   9,010.10   11,610.04   15,935.69   6,915.20   13,360.94   7,616.13   0.00   97,044.18  

 

*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: THE FINANCIAL INFORMATION INCLUDED IN THIS FORM 6-K HAS BEEN PREPARED ON A NON-CONSOLIDATED BASIS AND EXCLUDES FINANCIAL INFORMATION FOR BLADEX ASSET MANAGEMENT INC., BLADEX HOLDINGS INC., CLAVEX S.A., BLADEX OFFSHORE FEEDER FUND, AND BLADEX REPRESENTACAO LTDA., AS REQUIRED BY THE LAWS AND REGULATIONS TO WHICH WE ARE SUBJECT IN PANAMA, OUR COUNTRY OF INCORPORATION AND IN WHICH WE ARE REGULATED AS A FINANCIAL INSTITUTION. 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 2010 - NOVEMBER 2011

(In Thousand Balboas) *

December 27, 2011

   

    Absolute       2010   2011  
    Variation   %   December   January   February   March   April   May   June   July   August   September   October   November   December  
LIQUID ASSETS   50,723.94   11.63   436,281.06   268,801.06   397,278.32   327,728.56   382,232.30   287,768.19   356,129.45   364,155.92   665,515.00   581,844.62   756,657.95   487,005.00   0.00  
Local Deposits in Banks   -135.87   -55.41   245.21   272.85   322.73   20,559.51   456.06   266.49   471.63   97.94   110.83   95.41   107.42   109.34   0.00  
Demand   -135.87   -55.41   245.21   272.85   322.73   559.51   456.06   266.49   471.63   97.94   110.83   95.41   107.42   109.34   0.00  
Time   0.00   0.00   0.00   0.00   0.00   20,000.00   0.00   0.00   0.00   0.00   0.00   0.00   0.00   0.00   0.00  
Foreign Deposits in Banks   50,860.04   11.66   436,025.02   268,516.96   396,944.71   307,153.96   381,762.30   287,487.92   355,642.59   364,045.04   665,392.33   581,738.35   756,542.96   486,885.06   0.00  
Demand   170,860.04   59.74   286,025.02   178,516.96   213,344.71   237,153.96   241,762.30   236,487.92   295,642.59   254,045.04   595,392.33   541,738.35   726,542.96   456,885.06   0.00  
Time   -120,000.00   -80.00   150,000.00   90,000.00   183,600.00   70,000.00   140,000.00   51,000.00   60,000.00   110,000.00   70,000.00   40,000.00   30,000.00   30,000.00   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   -0.23   -2.13   10.83   11.25   10.89   15.10   13.94   13.77   15.22   12.94   11.84   10.87   7.57   10.60   0.00  
CREDIT PORTFOLIO   1,048,844.68   26.32   3,985,716.18   4,016,060.52   4,028,656.29   4,301,969.70   4,362,035.29   4,413,671.71   4,696,693.62   4,754,184.04   4,753,581.69   4,980,565.61   5,040,106.86   5,034,560.86   0.00  
Local   44,928.00   17.38   258,485.38   120,491.53   128,457.41   127,913.13   166,362.09   152,562.10   277,906.43   282,572.72   292,702.47   306,826.06   307,432.27   303,413.38   0.00  
Foreign   1,009,232.71   26.52   3,805,846.52   3,974,184.70   3,978,814.60   4,257,482.20   4,279,098.83   4,344,535.25   4,499,625.98   4,552,447.72   4,540,115.61   4,753,567.75   4,812,526.32   4,815,079.23   0.00  
Less Allowance   5,316.02   6.76   78,615.72   78,615.72   78,615.72   83,425.63   83,425.63   83,425.63   80,838.79   80,836.40   79,236.40   79,828.20   79,851.74   83,931.74   0.00  
Local   3,005.01   121.50   2,473.16   689.14   689.14   898.73   1,364.92   1,276.88   5,385.40   5,385.40   5,667.45   5,589.18   5,658.79   5,478.17   0.00  
Foreign   2,311.01   3.04   76,142.56   77,926.58   77,926.58   82,526.91   82,060.71   82,148.75   75,453.39   75,451.00   73,568.94   74,239.02   74,192.95   78,453.58   0.00  
INVESTMENT SECURITIES   34,437.24   6.33   543,792.42   543,854.60   552,396.03   572,056.91   528,266.78   556,734.66   658,348.14   668,192.35   584,651.25   580,094.18   584,208.66   578,229.66   0.00  
Local   8,622.88   15.83   54,469.82   54,684.33   54,462.25   54,493.39   54,726.12   55,259.25   79,852.38   78,150.38   65,248.70   63,202.90   62,769.00   63,092.69   0.00  
Foreign   25,814.36   5.28   489,322.60   489,170.27   497,933.78   517,563.52   473,540.66   501,475.41   578,495.76   590,041.97   519,402.55   516,891.28   521,439.66   515,136.96   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  
OTHER ASSETS   -10,676.51   -13.71   77,869.52   53,036.12   55,636.63   50,062.77   88,929.50   65,184.87   55,265.78   177,871.68   126,318.62   128,704.99   127,636.24   67,193.01   0.00  
Local   5,227.14   37.92   13,783.44   14,340.45   15,395.23   12,538.60   12,993.01   13,663.29   12,672.62   14,154.11   16,441.71   15,877.17   20,043.24   19,010.58   0.00  
Foreign   -15,903.65   -24.82   64,086.08   38,695.67   40,241.40   37,524.17   75,936.49   51,521.59   42,593.16   163,717.57   109,876.91   112,827.82   107,593.01   48,182.43   0.00  
TOTAL ASSETS   1,123,329.35   22.27   5,043,659.18   4,881,752.30   5,033,967.27   5,251,817.95   5,361,463.87   5,323,359.43   5,766,436.99   5,964,403.99   6,130,066.56   6,271,209.40   6,508,609.72   6,166,988.53   0.00  
DEPOSITS   365,468.14   20.06   1,822,095.82   1,600,816.62   1,855,913.30   1,909,172.19   2,011,606.68   1,956,763.98   2,085,605.75   2,217,844.64   2,429,562.01   2,496,784.02   2,491,400.73   2,187,563.97   0.00  
Local   14,970.04   5.80   258,005.17   252,899.16   217,407.36   226,543.33   200,006.68   178,709.11   217,806.31   246,216.37   215,858.95   198,307.50   219,946.29   272,975.20   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   0.00   0.00   40,000.00   40,000.00   40,000.00   40,000.00   40,000.00   40,000.00   40,000.00   40,000.00   35,000.00   40,000.00   40,000.00   40,000.00   0.00  
Demand   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  
Time   0.00   0.00   40,000.00   40,000.00   40,000.00   40,000.00   40,000.00   40,000.00   40,000.00   40,000.00   35,000.00   40,000.00   40,000.00   40,000.00   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   14,970.04   6.87   218,005.17   212,899.16   177,407.36   186,543.33   160,006.68   138,709.11   177,806.31   206,216.37   180,858.95   158,307.50   179,946.29   232,975.20   0.00  
Demand   -266.33   -73.94   360.23   368.66   379.24   424.67   433.27   435.93   444.29   437.41   439.84   441.79   94.48   93.89   0.00  
Time   15,236.37   7.00   217,644.94   212,530.50   177,028.12   186,118.66   159,573.41   138,273.18   177,362.02   205,778.96   180,419.12   157,865.71   179,851.81   232,881.31   0.00  
Foreign   350,498.11   22.41   1,564,090.66   1,347,917.46   1,638,505.94   1,682,628.87   1,811,600.00   1,778,054.87   1,867,799.44   1,971,628.27   2,213,703.06   2,298,476.51   2,271,454.44   1,914,588.77   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   6,124.93   148.42   4,126.89   4,143.38   4,156.03   5,880.06   4,407.33   4,416.26   4,423.03   4,178.87   4,186.55   8,862.58   10,243.47   10,251.82   0.00  
Demand   42.77   2.98   1,437.35   1,444.43   1,456.71   3,180.74   1,698.89   1,707.42   1,714.19   1,460.71   1,468.04   1,600.32   1,472.35   1,480.13   0.00  
Time   6,082.15   226.14   2,689.54   2,698.95   2,699.32   2,699.32   2,708.44   2,708.84   2,708.84   2,718.16   2,718.50   7,262.26   8,771.12   8,771.69   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   344,373.18   22.08   1,559,963.77   1,343,774.08   1,634,349.91   1,676,748.81   1,807,192.67   1,773,638.61   1,863,376.41   1,967,449.40   2,209,516.51   2,289,613.93   2,261,210.97   1,904,336.95   0.00  
Demand   -455.52   -0.46   99,725.99   31,779.48   39,247.07   32,759.58   31,477.54   28,406.02   20,407.48   26,302.18   50,943.92   107,153.26   92,433.68   99,270.47   0.00  
Time   344,828.70   23.61   1,460,237.78   1,311,994.61   1,595,102.83   1,643,989.23   1,775,715.13   1,745,232.59   1,842,968.92   1,941,147.22   2,158,572.58   2,182,460.67   2,168,777.30   1,805,066.48   0.00  
BORROWINGS   710,284.22   29.12   2,439,405.32   2,515,621.40   2,417,741.99   2,599,765.96   2,574,388.06   2,592,017.62   2,902,097.59   2,868,190.62   2,840,636.80   2,891,596.43   3,126,726.19   3,149,689.54   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   710,284.22   29.12   2,439,405.32   2,515,621.40   2,417,741.99   2,599,765.96   2,574,388.06   2,592,017.62   2,902,097.59   2,868,190.62   2,840,636.80   2,891,596.43   3,126,726.19   3,149,689.54   0.00  
OTHER LIABILITIES   -33,613.55   -26.58   126,479.97   103,027.58   92,563.23   79,785.22   103,270.35   87,821.02   89,928.00   173,698.93   142,578.30   173,810.10   162,333.87   92,866.42   0.00  
Local   -2,813.40   -42.95   6,549.93   6,364.44   2,177.12   3,811.64   4,123.38   3,207.33   4,946.42   4,321.86   2,684.62   5,455.31   5,563.73   3,736.53   0.00  
Foreign   -30,800.15   -25.68   119,930.04   96,663.14   90,386.11   75,973.58   99,146.97   84,613.69   84,981.58   169,377.07   139,893.67   168,354.79   156,770.14   89,129.89   0.00  
STOCKHOLDERS´ EQUITY   81,190.53   12.38   655,678.08   662,286.70   667,748.75   663,094.58   672,198.79   686,756.81   688,805.65   704,669.79   717,289.46   709,018.86   728,148.93   736,868.60   0.00  
Capital   6,176.04   2.14   288,129.32   288,311.61   288,722.55   289,347.80   289,751.26   292,281.58   292,469.13   292,760.69   293,508.76   293,923.17   294,117.40   294,305.35   0.00  
Capital Reserves   0.00   0.00   95,210.15   95,210.15   95,210.15   95,210.15   95,210.15   95,210.15   95,210.15   95,210.15   95,210.15   95,210.15   95,210.15   95,210.15   0.00  
Other Reserves   1,149.07   -42.60   -2,697.38   -2,716.62   -2,482.79   -3,204.55   -3,820.48   -3,055.88   -3,076.82   -3,122.32   -2,776.98   -2,315.84   -2,284.96   -1,548.31   0.00  
Retained Earnings   33,669.04   15.16   222,069.21   278,780.39   277,679.07   270,320.26   270,320.26   270,321.36   262,916.44   262,916.44   262,926.76   255,505.41   255,742.09   255,738.25   0.00  
Net Income   40,333.00   71.12   56,711.17   5,265.15   10,011.51   11,980.60   22,679.41   32,596.08   41,606.18   53,216.22   69,151.90   76,067.10   89,428.04   97,044.18   0.00  
Gain or Loss in Securities available for sale   -136.62   3.65   -3,744.40   -2,563.97   -1,391.74   -559.69   -1,941.82   -596.49   -319.43   3,688.61   -731.13   -9,371.14   -4,063.80   -3,881.02   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   1,123,329.35   22.27   5,043,659.18   4,881,752.30   5,033,967.27   5,251,817.95   5,361,463.87   5,323,359.43   5,766,436.99   5,964,403.99   6,130,066.56   6,271,209.40   6,508,609.72   6,166,988.53   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).

 

 
 

 

 

NOTE: THE FINANCIAL INFORMATION INCLUDED IN THIS FORM 6-K HAS BEEN PREPARED ON A NON-CONSOLIDATED BASIS AND EXCLUDES FINANCIAL INFORMATION FOR BLADEX ASSET MANAGEMENT INC., BLADEX HOLDINGS INC., CLAVEX S.A., BLADEX OFFSHORE FEEDER FUND, AND BLADEX REPRESENTACAO LTDA., AS REQUIRED BY THE LAWS AND REGULATIONS TO WHICH WE ARE SUBJECT IN PANAMA, OUR COUNTRY OF INCORPORATION AND IN WHICH WE ARE REGULATED AS A FINANCIAL INSTITUTION. 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.

 

STATEMENT OF INCOME

BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.

DECEMBER 2010 - NOVEMBER 2011

(In Thousand Balboas) *

December 27, 2011

         

    2010   2011      
    December   January   February   March   April   May   June   July   August   September   October   November   December   Year to date  
Interest Income   117,278.22   11,450.55   10,908.73   10,109.60   11,710.96   11,676.26   11,912.54   13,897.89   14,315.68   13,474.37   15,451.77   14,366.36   0.00   139,274.72  
Loans   104,835.28   10,487.97   10,191.70   9,108.75   10,651.45   10,582.29   10,712.31   12,411.90   12,820.30   12,092.74   13,957.68   12,994.70   0.00   126,011.80  
Deposits   837.22   64.95   66.98   49.54   50.68   59.29   68.26   56.17   88.20   191.48   211.34   178.80   0.00   1,085.70  
Investments   11,605.72   897.62   650.06   951.30   1,008.83   1,034.68   1,131.97   1,429.82   1,407.19   1,190.15   1,282.74   1,192.86   0.00   12,177.22  
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   44,145.73   3,982.24   3,604.85   3,879.04   3,893.79   4,258.04   4,236.34   4,570.99   4,584.35   4,658.82   4,997.38   5,589.90   0.00   48,255.74  
Interest   44,011.66   3,971.33   3,590.90   3,873.15   3,889.35   4,257.36   4,235.98   4,564.88   4,576.76   4,645.42   4,968.32   5,587.70   0.00   48,161.15  
Commissions   134.07   10.91   13.95   5.89   4.44   0.68   0.36   6.11   7.59   13.40   29.05   2.20   0.00   94.60  
Net Interest Income   73,132.49   7,468.30   7,303.88   6,230.56   7,817.17   7,418.23   7,676.20   9,326.91   9,731.33   8,815.55   10,454.39   8,776.46   0.00   91,018.98  
Other Income   24,156.11   875.23   987.01   1,297.90   6,605.82   6,919.83   6,290.73   6,289.80   8,636.10   7,450.73   6,972.51   8,794.86   0.00   61,120.51  
Commissions   9,900.14   719.01   780.44   645.52   545.06   537.18   790.90   878.14   1,042.37   1,740.74   1,480.02   516.14   0.00   9,675.51  
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   14,255.97   156.22   206.57   652.38   6,060.76   6,382.65   5,499.82   5,411.66   7,593.74   5,709.99   5,492.49   8,278.72   0.00   51,445.00  
Operating Income   97,288.60   8,343.53   8,290.90   7,528.45   14,422.99   14,338.06   13,966.93   15,616.70   18,367.43   16,266.28   17,426.90   17,571.32   0.00   152,139.49  
Operating Expenses   45,411.64   3,078.38   3,544.53   5,292.79   3,724.18   4,421.39   4,469.56   4,006.66   4,031.75   5,352.23   4,065.96   5,875.18   0.00   47,862.61  
Administrative expenses   22,637.89   1,471.10   1,967.00   2,834.21   2,050.63   2,348.35   2,489.49   1,923.08   2,571.70   2,602.36   1,938.83   2,340.32   0.00   24,537.07  
General expenses   5,089.90   204.17   418.28   668.86   229.78   698.80   802.59   564.96   258.45   939.24   578.21   375.43   0.00   5,738.79  
Depreciation   2,403.20   189.69   203.80   194.60   194.15   199.98   197.32   151.89   141.98   140.04   148.50   148.38   0.00   1,910.33  
Other expenses   15,280.66   1,213.42   955.45   1,595.11   1,249.62   1,174.26   980.16   1,366.73   1,059.62   1,670.59   1,400.42   3,011.04   0.00   15,676.41  
Net Income before provision for loan losses   51,876.96   5,265.15   4,746.37   2,235.67   10,698.81   9,916.67   9,497.36   11,610.04   14,335.69   10,914.05   13,360.94   11,696.13   0.00   104,276.87  
Provision for loan losses   -4,834.21   0.00   0.00   266.58   0.00   0.00   487.27   0.00   -1,600.00   3,998.85   0.00   4,080.00   0.00   7,232.70  
Net Income   56,711.17   5,265.15   4,746.37   1,969.09   10,698.81   9,916.67   9,010.10   11,610.04   15,935.69   6,915.20   13,360.94   7,616.13   0.00   97,044.18  

 

*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).