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 March, 2004
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 6-1497
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 ___
(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.
March 26, 2004
Banco Latinoamericano de Exportaciones, S.A.
By: /s/ Pedro Toll
Name: Pedro Toll
Title: General Manager
[SEAL] March 22, 2004
BANCO LATINOAMERICANO DE EXPORTACIONES
BALANCE SHEETS* December 2003 and January to December 2004
(In Balboas)**
------------------------------------------------------------------------------------------------------------------------------------
2003 2004
------------------------------------------------------------------------------------------------------------------------------------
Description Absolute % December January
------------------------------------------------------------------------------------------------------------------------------------
LIQUID ASSETS 45,716,295.95 24.24 188,599,943.18 192,064,648.30
------------------------------------------------------------------------------------------------------------------------------------
Local Deposits in Banks 17,528.76 11.32 154,867.09 148,473.17
------------------------------------------------------------------------------------------------------------------------------------
Demand 17,528.76 11.32 154,867.09 148,473.17
------------------------------------------------------------------------------------------------------------------------------------
Foreign Deposits in Banks 45,742,156.68 24.29 188,319,519.42 191,777,453.20
------------------------------------------------------------------------------------------------------------------------------------
Demand 2,214,097.41 307.31 720,483.31 3,182,508.52
------------------------------------------------------------------------------------------------------------------------------------
Time 43,528,059.27 23.20 187,599,036.11 188,594,944.68
------------------------------------------------------------------------------------------------------------------------------------
Others -43,389.49 -34.56 125,556.67 138,721.93
------------------------------------------------------------------------------------------------------------------------------------
CREDIT PORTFOLIO -57,648,357.32 -3.32 1,735,136,671.38 1,729,608,465.58
------------------------------------------------------------------------------------------------------------------------------------
Local -34,035,284.07 -16.11 211,227,524.30 167,786,374.36
------------------------------------------------------------------------------------------------------------------------------------
Foreign -23,613,073.25 -1.55 1,523,909,147.08 1,561,822,091.22
------------------------------------------------------------------------------------------------------------------------------------
INVESTMENT SECURITIES -3,150,066.08 -2.74 114,823,383.39 111,905,462.66
------------------------------------------------------------------------------------------------------------------------------------
Foreign -3,150,066.08 -2.74 114,823,383.39 111,905,462.66
------------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS 13,109,448.83 25.93 50,559,948.19 64,583,832.22
------------------------------------------------------------------------------------------------------------------------------------
Local -166,009.42 -2.69 6,170,009.76 5,967,530.86
------------------------------------------------------------------------------------------------------------------------------------
Foreign 13,275,458.25 29.91 44,389,938.43 58,616,301.36
------------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS -1,972,678.62 -0.09 2,089,119,946.14 2,098,162,408.76
------------------------------------------------------------------------------------------------------------------------------------
DEPOSITS 7,323,281.28 1.42 514,414,316.03 518,360,985.90
------------------------------------------------------------------------------------------------------------------------------------
Local -1,524,989.04 -3.50 43,587,485.58 45,390,804.32
------------------------------------------------------------------------------------------------------------------------------------
From Banks -1,524,989.04 -3.50 43,587,485.58 45,390,804.32
------------------------------------------------------------------------------------------------------------------------------------
Demand 1,506,108.91 32.77 4,595,824.32 6,094,329.66
------------------------------------------------------------------------------------------------------------------------------------
Time -3,031,097.95 -7.77 38,991,661.26 39,296,474.66
------------------------------------------------------------------------------------------------------------------------------------
Foreign 8,848,270.32 1.88 470,826,830.45 472,970,181.58
------------------------------------------------------------------------------------------------------------------------------------
Customers -56,551,087.90 -39.25 144,069,723.19 99,357,945.44
------------------------------------------------------------------------------------------------------------------------------------
Demand 122,773.83 3.62 3,395,861.46 1,757,945.44
------------------------------------------------------------------------------------------------------------------------------------
Time -56,673,861.73 -40.29 140,673,861.73 97,600,000.00
------------------------------------------------------------------------------------------------------------------------------------
From Banks 65,399,358.22 20.01 326,757,107.26 373,612,236.14
------------------------------------------------------------------------------------------------------------------------------------
Demand -723,880.29 -6.52 11,100,547.00 14,459,263.26
------------------------------------------------------------------------------------------------------------------------------------
Time 66,123,238.51 20.95 315,656,560.26 359,152,972.88
------------------------------------------------------------------------------------------------------------------------------------
BORROWINGS -39,590,795.65 -3.88 1,020,959,382.93 1,004,876,078.51
------------------------------------------------------------------------------------------------------------------------------------
Local 0.00 0.00 21,603,810.80 21,603,810.80
------------------------------------------------------------------------------------------------------------------------------------
Foreign -39,590,795.65 -3.96 999,355,572.13 983,272,267.71
------------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES 12,458,751.96 12.89 96,619,215.59 107,357,098.15
------------------------------------------------------------------------------------------------------------------------------------
Local 5,459,532.68 17.99 30,347,173.08 31,567,311.00
------------------------------------------------------------------------------------------------------------------------------------
Foreign 6,999,219.28 10.56 66,272,042.51 75,789,787.15
------------------------------------------------------------------------------------------------------------------------------------
STOCKHOLDERS' EQUITY 17,836,083.79 3.90 457,127,031.59 467,568,246.20
------------------------------------------------------------------------------------------------------------------------------------
Capital 0.00 0.00 328,225,212.57 328,225,212.57
------------------------------------------------------------------------------------------------------------------------------------
Capital Reserves 0.00 0.00 16,609,728.78 16,609,728.78
------------------------------------------------------------------------------------------------------------------------------------
Retained Earnings 101,751,364.93 15,312.49 664,499.09 102,415,864.02
------------------------------------------------------------------------------------------------------------------------------------
Net Income -83,959,150.87 -82.51 101,751,364.93 10,593,177.01
------------------------------------------------------------------------------------------------------------------------------------
Gain or Loss in Securities available for sale 43,869.73 0.44 9,876,226.22 9,724,263.82
------------------------------------------------------------------------------------------------------------------------------------
LIABILITIES AND STOCKHOLDER'S EQUITY -1,972,678.62 -0.09 2,089,119,946.14 2,098,162,408.76
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
2004
------------------------------------------------------------------------------------------------------------------------------------
February March April May June July
------------------------------------------------------------------------------------------------------------------------------------
LIQUID ASSETS 234,316,239.13
------------------------------------------------------------------------------------------------------------------------------------
Local Deposits in Banks 172,395.85
------------------------------------------------------------------------------------------------------------------------------------
Demand 172,395.85
------------------------------------------------------------------------------------------------------------------------------------
Foreign Deposits in Banks 234,061,676.10
------------------------------------------------------------------------------------------------------------------------------------
Demand 2,934,580.72
------------------------------------------------------------------------------------------------------------------------------------
Time 231,127,095.38
------------------------------------------------------------------------------------------------------------------------------------
Others 82,167.18
------------------------------------------------------------------------------------------------------------------------------------
CREDIT PORTFOLIO 1,677,488,314.06
------------------------------------------------------------------------------------------------------------------------------------
Local 177,192,240.23
------------------------------------------------------------------------------------------------------------------------------------
Foreign 1,500,296,073.83
------------------------------------------------------------------------------------------------------------------------------------
INVESTMENT SECURITIES 111,673,317.31
------------------------------------------------------------------------------------------------------------------------------------
Foreign 111,673,317.31
------------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS 63,669,397.02
------------------------------------------------------------------------------------------------------------------------------------
Local 6,004,000.34
------------------------------------------------------------------------------------------------------------------------------------
Foreign 57,665,396.68
------------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS 2,087,147,267.52
------------------------------------------------------------------------------------------------------------------------------------
DEPOSITS 521,737,597.31
------------------------------------------------------------------------------------------------------------------------------------
Local 42,062,496.54
------------------------------------------------------------------------------------------------------------------------------------
From Banks 42,062,496.54
------------------------------------------------------------------------------------------------------------------------------------
Demand 6,101,933.23
------------------------------------------------------------------------------------------------------------------------------------
Time 35,960,563.31
------------------------------------------------------------------------------------------------------------------------------------
Foreign 479,675,100.77
------------------------------------------------------------------------------------------------------------------------------------
Customers 87,518,635.29
------------------------------------------------------------------------------------------------------------------------------------
Demand 3,518,635.29
------------------------------------------------------------------------------------------------------------------------------------
Time 84,000,000.00
------------------------------------------------------------------------------------------------------------------------------------
From Banks 392,156,465.48
------------------------------------------------------------------------------------------------------------------------------------
Demand 10,376,666.71
------------------------------------------------------------------------------------------------------------------------------------
Time 381,779,798.77
------------------------------------------------------------------------------------------------------------------------------------
BORROWINGS 981,368,587.28
------------------------------------------------------------------------------------------------------------------------------------
Local 21,603,810.80
------------------------------------------------------------------------------------------------------------------------------------
Foreign 959,764,776.48
------------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES 109,077,967.55
------------------------------------------------------------------------------------------------------------------------------------
Local 35,806,705.76
------------------------------------------------------------------------------------------------------------------------------------
Foreign 73,271,261.79
------------------------------------------------------------------------------------------------------------------------------------
STOCKHOLDERS' EQUITY 474,963,115.38
------------------------------------------------------------------------------------------------------------------------------------
Capital 328,225,212.57
------------------------------------------------------------------------------------------------------------------------------------
Capital Reserves 16,609,728.78
------------------------------------------------------------------------------------------------------------------------------------
Retained Earnings 102,415,864.02
------------------------------------------------------------------------------------------------------------------------------------
Net Income 17,792,214.06
------------------------------------------------------------------------------------------------------------------------------------
Gain or Loss in Securities available for sale 9,920,095.95
------------------------------------------------------------------------------------------------------------------------------------
LIABILITIES AND STOCKHOLDER'S EQUITY 2,087,147,267.52
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
2004
------------------------------------------------------------------------------------------------------------------------------------
August September October November December
------------------------------------------------------------------------------------------------------------------------------------
LIQUID ASSETS
------------------------------------------------------------------------------------------------------------------------------------
Local Deposits in Banks
------------------------------------------------------------------------------------------------------------------------------------
Demand
------------------------------------------------------------------------------------------------------------------------------------
Foreign Deposits in Banks
------------------------------------------------------------------------------------------------------------------------------------
Demand
------------------------------------------------------------------------------------------------------------------------------------
Time
------------------------------------------------------------------------------------------------------------------------------------
Others
------------------------------------------------------------------------------------------------------------------------------------
CREDIT PORTFOLIO
------------------------------------------------------------------------------------------------------------------------------------
Local
------------------------------------------------------------------------------------------------------------------------------------
Foreign
------------------------------------------------------------------------------------------------------------------------------------
INVESTMENT SECURITIES
------------------------------------------------------------------------------------------------------------------------------------
Foreign
------------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
------------------------------------------------------------------------------------------------------------------------------------
Local
------------------------------------------------------------------------------------------------------------------------------------
Foreign
------------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
------------------------------------------------------------------------------------------------------------------------------------
DEPOSITS
------------------------------------------------------------------------------------------------------------------------------------
Local
------------------------------------------------------------------------------------------------------------------------------------
From Banks
------------------------------------------------------------------------------------------------------------------------------------
Demand
------------------------------------------------------------------------------------------------------------------------------------
Time
------------------------------------------------------------------------------------------------------------------------------------
Foreign
------------------------------------------------------------------------------------------------------------------------------------
Customers
------------------------------------------------------------------------------------------------------------------------------------
Demand
------------------------------------------------------------------------------------------------------------------------------------
Time
------------------------------------------------------------------------------------------------------------------------------------
From Banks
------------------------------------------------------------------------------------------------------------------------------------
Demand
------------------------------------------------------------------------------------------------------------------------------------
Time
------------------------------------------------------------------------------------------------------------------------------------
BORROWINGS
------------------------------------------------------------------------------------------------------------------------------------
Local
------------------------------------------------------------------------------------------------------------------------------------
Foreign
------------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES
------------------------------------------------------------------------------------------------------------------------------------
Local
------------------------------------------------------------------------------------------------------------------------------------
Foreign
------------------------------------------------------------------------------------------------------------------------------------
STOCKHOLDERS' EQUITY
------------------------------------------------------------------------------------------------------------------------------------
Capital
------------------------------------------------------------------------------------------------------------------------------------
Capital Reserves
------------------------------------------------------------------------------------------------------------------------------------
Retained Earnings
------------------------------------------------------------------------------------------------------------------------------------
Net Income
------------------------------------------------------------------------------------------------------------------------------------
Gain or Loss in Securities available for sale
------------------------------------------------------------------------------------------------------------------------------------
LIABILITIES AND STOCKHOLDER'S EQUITY
------------------------------------------------------------------------------------------------------------------------------------
* 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 Panama Superintendencia de Bancos (website:
http://www.superbancos.gob.pa).
March 22, 2004
[SEAL] STATEMENTS OF INCOME *
BANCO LATINOAMERICANO DE EXPORTACIONES, S.A.
January to December 2004
(In Balboas)**
------------------------------------------------------------------------------------------------------------------------------------
Description January February March I Quarter April
------------------------------------------------------------------------------------------------------------------------------------
Interest Income 6,554,346.26 4,920,235.16 11,474,581.42
------------------------------------------------------------------------------------------------------------------------------------
Loans 5,806,089.31 4,357,928.60 10,164,017.91
------------------------------------------------------------------------------------------------------------------------------------
Deposits 134,326.48 151,395.63 285,722.11
------------------------------------------------------------------------------------------------------------------------------------
Investments 613,930.47 410,910.93 1,024,841.40
------------------------------------------------------------------------------------------------------------------------------------
Interest Expense 2,503,583.65 2,302,555.27 4,806,138.92
------------------------------------------------------------------------------------------------------------------------------------
Interest 2,463,551.58 2,289,995.94 4,753,547.52
------------------------------------------------------------------------------------------------------------------------------------
Commissions 40,032.07 12,559.33 52,591.40
------------------------------------------------------------------------------------------------------------------------------------
Net Interest Income 4,050,762.61 2,617,679.89 6,668,442.50
------------------------------------------------------------------------------------------------------------------------------------
Other Income 574,025.74 440,603.31 1,014,629.05
------------------------------------------------------------------------------------------------------------------------------------
Commissions 548,963.99 665,864.96 1,214,828.95
------------------------------------------------------------------------------------------------------------------------------------
Foreign currency operations -4,122.82 3,312.45 -810.37
------------------------------------------------------------------------------------------------------------------------------------
Other Income 29,184.57 -228,574.10 -199,389.53
------------------------------------------------------------------------------------------------------------------------------------
Operating Income 4,624,788.35 3,058,283.20 7,683,071.55
------------------------------------------------------------------------------------------------------------------------------------
Operating Expenses 1,845,294.21 -262,208.98 1,583,085.23
------------------------------------------------------------------------------------------------------------------------------------
Administrative expenses 1,019,194.48 989,036.77 2,008,231.25
------------------------------------------------------------------------------------------------------------------------------------
General expenses 149,318.22 313,300.33 462,618.55
------------------------------------------------------------------------------------------------------------------------------------
Depreciation 119,749.86 113,223.73 232,973.59
------------------------------------------------------------------------------------------------------------------------------------
Other expenses 557,031.65 -1,677,769.81 -1,120,738.16
------------------------------------------------------------------------------------------------------------------------------------
Net Income before provision for loan losses 2,779,494.14 3,320,492.18 6,099,986.32
------------------------------------------------------------------------------------------------------------------------------------
Provision for loan losses -7,813,682.87 -3,878,544.87 -11,692,227.74
------------------------------------------------------------------------------------------------------------------------------------
Net Income 10,593,177.01 7,199,037.05 17,792,214.06
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
May June II Quarter July August September
------------------------------------------------------------------------------------------------------------------------------------
Interest Income 0.00
------------------------------------------------------------------------------------------------------------------------------------
Loans 0.00
------------------------------------------------------------------------------------------------------------------------------------
Deposits 0.00
------------------------------------------------------------------------------------------------------------------------------------
Investments 0.00
------------------------------------------------------------------------------------------------------------------------------------
Interest Expense 0.00
------------------------------------------------------------------------------------------------------------------------------------
Interest 0.00
------------------------------------------------------------------------------------------------------------------------------------
Commissions 0.00
------------------------------------------------------------------------------------------------------------------------------------
Net Interest Income 0.00
------------------------------------------------------------------------------------------------------------------------------------
Other Income 0.00
------------------------------------------------------------------------------------------------------------------------------------
Commissions 0.00
------------------------------------------------------------------------------------------------------------------------------------
Foreign currency operations 0.00
------------------------------------------------------------------------------------------------------------------------------------
Other Income 0.00
------------------------------------------------------------------------------------------------------------------------------------
Operating Income 0.00
------------------------------------------------------------------------------------------------------------------------------------
Operating Expenses 0.00
------------------------------------------------------------------------------------------------------------------------------------
Administrative expenses 0.00
------------------------------------------------------------------------------------------------------------------------------------
General expenses 0.00
------------------------------------------------------------------------------------------------------------------------------------
Depreciation 0.00
------------------------------------------------------------------------------------------------------------------------------------
Other expenses 0.00
------------------------------------------------------------------------------------------------------------------------------------
Net Income before provision for loan losses 0.00
------------------------------------------------------------------------------------------------------------------------------------
Provision for loan losses 0.00
------------------------------------------------------------------------------------------------------------------------------------
Net Income 0.00
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
III Quarter October November December IV Quarter Year to date
------------------------------------------------------------------------------------------------------------------------------------
Interest Income 0.00 0.00 11,474,581.42
------------------------------------------------------------------------------------------------------------------------------------
Loans 0.00 0.00 10,164,017.91
------------------------------------------------------------------------------------------------------------------------------------
Deposits 0.00 0.00 285,722.11
------------------------------------------------------------------------------------------------------------------------------------
Investments 0.00 0.00 1,024,841.40
------------------------------------------------------------------------------------------------------------------------------------
Interest Expense 0.00 0.00 4,806,138.92
------------------------------------------------------------------------------------------------------------------------------------
Interest 0.00 0.00 4,753,547.52
------------------------------------------------------------------------------------------------------------------------------------
Commissions 0.00 0.00 52,591.40
------------------------------------------------------------------------------------------------------------------------------------
Net Interest Income 0.00 0.00 6,668,442.50
------------------------------------------------------------------------------------------------------------------------------------
Other Income 0.00 0.00 1,014,629.05
------------------------------------------------------------------------------------------------------------------------------------
Commissions 0.00 0.00 1,214,828.95
------------------------------------------------------------------------------------------------------------------------------------
Foreign currency operations 0.00 0.00 -810.37
------------------------------------------------------------------------------------------------------------------------------------
Other Income 0.00 0.00 -199,389.53
------------------------------------------------------------------------------------------------------------------------------------
Operating Income 0.00 0.00 7,683,071.55
------------------------------------------------------------------------------------------------------------------------------------
Operating Expenses 0.00 0.00 1,583,085.23
------------------------------------------------------------------------------------------------------------------------------------
Administrative expenses 0.00 0.00 2,008,231.25
------------------------------------------------------------------------------------------------------------------------------------
General expenses 0.00 0.00 462,618.55
------------------------------------------------------------------------------------------------------------------------------------
Depreciation 0.00 0.00 232,973.59
------------------------------------------------------------------------------------------------------------------------------------
Other expenses 0.00 0.00 -1,120,738.16
------------------------------------------------------------------------------------------------------------------------------------
Net Income before provision for loan losses 0.00 0.00 6,099,986.32
------------------------------------------------------------------------------------------------------------------------------------
Provision for loan losses 0.00 0.00 -11,692,227.74
------------------------------------------------------------------------------------------------------------------------------------
Net Income 0.00 0.00 17,792,214.06
------------------------------------------------------------------------------------------------------------------------------------
* 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 Panama Superintendencia de Bancos (website:
http://www.superbancos.gob.pa).
[SEAL] 22 de marzo de 2004
BANCO LATINOAMERICANO DE EXPORTACIONES
BALANCE DE SITUACION DE DICIEMBRE 2003 Y ENERO - DICIEMBRE 2004
(En Balboas)
---------------------------------------------------------------------------------------------------------------------------------
2003 2004
---------------------------------------------------------------------------------------------------------------------------------
Descripcion Absoluta % Diciembre Enero Febrero
---------------------------------------------------------------------------------------------------------------------------------
ACTIVOS LIQUIDOS 45,716,295.95 24.24 188,599,943.18 192,064,648.30 234,316,239.13
---------------------------------------------------------------------------------------------------------------------------------
Depositos Locales en Bancos 17,528.76 11.32 154,867.09 148,473.17 172,395.85
---------------------------------------------------------------------------------------------------------------------------------
A la Vista 17,528.76 11.32 154,867.09 148,473.17 172,395.85
---------------------------------------------------------------------------------------------------------------------------------
Depositos Extranjeros en Bancos 45,742,156.68 24.29 188,319,519.42 191,777,453.20 234,061,676.10
---------------------------------------------------------------------------------------------------------------------------------
A la Vista 2,214,097.41 307.31 720,483.31 3,182,508.52 2,934,580.72
---------------------------------------------------------------------------------------------------------------------------------
A Plazo 43,528,059.27 23.20 187,599,036.11 188,594,944.68 231,127,095.38
---------------------------------------------------------------------------------------------------------------------------------
Otros -43,389.49 -34.56 125,556.67 138,721.93 82,167.18
---------------------------------------------------------------------------------------------------------------------------------
CARTERA CREDITICIA -57,648,357.32 -3.32 1,735,136,671.38 1,729,608,465.58 1,677,488,314.06
---------------------------------------------------------------------------------------------------------------------------------
Locales -34,035,284.07 -16.11 211,227,524.30 167,786,374.36 177,192,240.23
---------------------------------------------------------------------------------------------------------------------------------
Extranjero -23,613,073.25 -1.55 1,523,909,147.08 1,561,822,091.22 1,500,296,073.83
---------------------------------------------------------------------------------------------------------------------------------
INVERSIONES EN VALORES -3,150,066.08 -2.74 114,823,383.39 111,905,462.66 111,673,317.31
---------------------------------------------------------------------------------------------------------------------------------
Extranjero -3,150,066.08 -2.74 114,823,383.39 111,905,462.66 111,673,317.31
---------------------------------------------------------------------------------------------------------------------------------
OTROS ACTIVOS 13,109,448.83 25.93 50,559,948.19 64,583,832.22 63,669,397.02
---------------------------------------------------------------------------------------------------------------------------------
Locales -166,009.42 -2.69 6,170,009.76 5,967,530.86 6,004,000.34
---------------------------------------------------------------------------------------------------------------------------------
Extranjero 13,275,458.25 29.91 44,389,938.43 58,616,301.36 57,665,396.68
---------------------------------------------------------------------------------------------------------------------------------
TOTAL DE ACTIVOS -1,972,678.62 -0.09 2,089,119,946.14 2,098,162,408.76 2,087,147,267.52
---------------------------------------------------------------------------------------------------------------------------------
DEPOSITOS 7,323,281.28 1.42 514,414,316.03 518,360,985.90 521,737,597.31
---------------------------------------------------------------------------------------------------------------------------------
Locales -1,524,989.04 -3.50 43,587,485.58 45,390,804.32 42,062,496.54
---------------------------------------------------------------------------------------------------------------------------------
De Bancos -1,524,989.04 -3.50 43,587,485.58 45,390,804.32 42,062,496.54
---------------------------------------------------------------------------------------------------------------------------------
A la Vista 1,506,108.91 32.77 4,595,824.32 6,094,329.66 6,101,933.23
---------------------------------------------------------------------------------------------------------------------------------
A Plazo -3,031,097.95 -7.77 38,991,661.26 39,296,474.66 35,960,563.31
---------------------------------------------------------------------------------------------------------------------------------
Extranjero 8,848,270.32 1.88 470,826,830.45 472,970,181.58 479,675,100.77
---------------------------------------------------------------------------------------------------------------------------------
De Particulares -56,551,087.90 -39.25 144,069,723.19 99,357,945.44 87,518,635.29
---------------------------------------------------------------------------------------------------------------------------------
A la Vista 122,773.83 3.62 3,395,861.46 1,757,945.44 3,518,635.29
---------------------------------------------------------------------------------------------------------------------------------
A Plazo -56,673,861.73 -40.29 140,673,861.73 97,600,000.00 84,000,000.00
---------------------------------------------------------------------------------------------------------------------------------
De Bancos 65,399,358.22 20.01 326,757,107.26 373,612,236.14 392,156,465.48
---------------------------------------------------------------------------------------------------------------------------------
A la Vista -723,880.29 -6.52 11,100,547.00 14,459,263.26 10,376,666.71
---------------------------------------------------------------------------------------------------------------------------------
A Plazo 66,123,238.51 20.95 315,656,560.26 359,152,972.88 381,779,798.77
---------------------------------------------------------------------------------------------------------------------------------
OBLIGACIONES -39,590,795.65 -3.88 1,020,959,382.93 1,004,876,078.51 981,368,587.28
---------------------------------------------------------------------------------------------------------------------------------
Locales 0.00 0.00 21,603,810.80 21,603,810.80 21,603,810.80
---------------------------------------------------------------------------------------------------------------------------------
Extranjero -39,590,795.65 -3.96 999,355,572.13 983,272,267.71 959,764,776.48
---------------------------------------------------------------------------------------------------------------------------------
OTROS PASIVOS 12,458,751.96 12.89 96,619,215.59 107,357,098.15 109,077,967.55
---------------------------------------------------------------------------------------------------------------------------------
Locales 5,459,532.68 17.99 30,347,173.08 31,567,311.00 35,806,705.76
---------------------------------------------------------------------------------------------------------------------------------
Extranjero 6,999,219.28 10.56 66,272,042.51 75,789,787.15 73,271,261.79
---------------------------------------------------------------------------------------------------------------------------------
PATRIMONIO 17,836,083.79 3.90 457,127,031.59 467,568,246.20 474,963,115.38
---------------------------------------------------------------------------------------------------------------------------------
Capital 0.00 0.00 328,225,212.57 328,225,212.57 328,225,212.57
---------------------------------------------------------------------------------------------------------------------------------
Reservas de Capital 0.00 0.00 16,609,728.78 16,609,728.78 16,609,728.78
---------------------------------------------------------------------------------------------------------------------------------
Utilidad de Periodos Anteriores 101,751,364.93 15,312.49 664,499.09 102,415,864.02 102,415,864.02
---------------------------------------------------------------------------------------------------------------------------------
Utilidad de Periodo -83,959,150.87 -82.51 101,751,364.93 10,593,177.01 17,792,214.06
---------------------------------------------------------------------------------------------------------------------------------
Ganancia o Perdida en Valores
Disponible para la venta 43,869.73 0.44 9,876,226.22 9,724,263.82 9,920,095.95
---------------------------------------------------------------------------------------------------------------------------------
PASIVO Y PATRIMONIO -1,972,678.62 -0.09 2,089,119,946.14 2,098,162,408.76 2,087,147,267.52
---------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
2004
---------------------------------------------------------------------------------------------------------------------------------
Marzo Abril Mayo Junio Julio Agosto
---------------------------------------------------------------------------------------------------------------------------------
Descripcion
---------------------------------------------------------------------------------------------------------------------------------
ACTIVOS LIQUIDOS
---------------------------------------------------------------------------------------------------------------------------------
Depositos Locales en Bancos
---------------------------------------------------------------------------------------------------------------------------------
A la Vista
---------------------------------------------------------------------------------------------------------------------------------
Depositos Extranjeros en Bancos
---------------------------------------------------------------------------------------------------------------------------------
A la Vista
---------------------------------------------------------------------------------------------------------------------------------
A Plazo
---------------------------------------------------------------------------------------------------------------------------------
Otros
---------------------------------------------------------------------------------------------------------------------------------
CARTERA CREDITICIA
---------------------------------------------------------------------------------------------------------------------------------
Locales
---------------------------------------------------------------------------------------------------------------------------------
Extranjero
---------------------------------------------------------------------------------------------------------------------------------
INVERSIONES EN VALORES
---------------------------------------------------------------------------------------------------------------------------------
Extranjero
---------------------------------------------------------------------------------------------------------------------------------
OTROS ACTIVOS
---------------------------------------------------------------------------------------------------------------------------------
Locales
---------------------------------------------------------------------------------------------------------------------------------
Extranjero
---------------------------------------------------------------------------------------------------------------------------------
TOTAL DE ACTIVOS
---------------------------------------------------------------------------------------------------------------------------------
DEPOSITOS
---------------------------------------------------------------------------------------------------------------------------------
Locales
---------------------------------------------------------------------------------------------------------------------------------
De Bancos
---------------------------------------------------------------------------------------------------------------------------------
A la Vista
---------------------------------------------------------------------------------------------------------------------------------
A Plazo
---------------------------------------------------------------------------------------------------------------------------------
Extranjero
---------------------------------------------------------------------------------------------------------------------------------
De Particulares
---------------------------------------------------------------------------------------------------------------------------------
A la Vista
---------------------------------------------------------------------------------------------------------------------------------
A Plazo
---------------------------------------------------------------------------------------------------------------------------------
De Bancos
---------------------------------------------------------------------------------------------------------------------------------
A la Vista
---------------------------------------------------------------------------------------------------------------------------------
A Plazo
---------------------------------------------------------------------------------------------------------------------------------
OBLIGACIONES
---------------------------------------------------------------------------------------------------------------------------------
Locales
---------------------------------------------------------------------------------------------------------------------------------
Extranjero
---------------------------------------------------------------------------------------------------------------------------------
OTROS PASIVOS
---------------------------------------------------------------------------------------------------------------------------------
Locales
---------------------------------------------------------------------------------------------------------------------------------
Extranjero
---------------------------------------------------------------------------------------------------------------------------------
PATRIMONIO
---------------------------------------------------------------------------------------------------------------------------------
Capital
---------------------------------------------------------------------------------------------------------------------------------
Reservas de Capital
---------------------------------------------------------------------------------------------------------------------------------
Utilidad de Periodos Anteriores
---------------------------------------------------------------------------------------------------------------------------------
Utilidad de Periodo
---------------------------------------------------------------------------------------------------------------------------------
Ganancia o Perdida en Valores
Disponible para la venta
---------------------------------------------------------------------------------------------------------------------------------
PASIVO Y PATRIMONIO
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
2004
---------------------------------------------------------------------------------------------------------------------------------
Septiembre Octubre Noviembre Diciembre
---------------------------------------------------------------------------------------------------------------------------------
Descripcion
---------------------------------------------------------------------------------------------------------------------------------
ACTIVOS LIQUIDOS
---------------------------------------------------------------------------------------------------------------------------------
Depositos Locales en Bancos
---------------------------------------------------------------------------------------------------------------------------------
A la Vista
---------------------------------------------------------------------------------------------------------------------------------
Depositos Extranjeros en Bancos
---------------------------------------------------------------------------------------------------------------------------------
A la Vista
---------------------------------------------------------------------------------------------------------------------------------
A Plazo
---------------------------------------------------------------------------------------------------------------------------------
Otros
---------------------------------------------------------------------------------------------------------------------------------
CARTERA CREDITICIA
---------------------------------------------------------------------------------------------------------------------------------
Locales
---------------------------------------------------------------------------------------------------------------------------------
Extranjero
---------------------------------------------------------------------------------------------------------------------------------
INVERSIONES EN VALORES
---------------------------------------------------------------------------------------------------------------------------------
Extranjero
---------------------------------------------------------------------------------------------------------------------------------
OTROS ACTIVOS
---------------------------------------------------------------------------------------------------------------------------------
Locales
---------------------------------------------------------------------------------------------------------------------------------
Extranjero
---------------------------------------------------------------------------------------------------------------------------------
TOTAL DE ACTIVOS
---------------------------------------------------------------------------------------------------------------------------------
DEPOSITOS
---------------------------------------------------------------------------------------------------------------------------------
Locales
---------------------------------------------------------------------------------------------------------------------------------
De Bancos
---------------------------------------------------------------------------------------------------------------------------------
A la Vista
---------------------------------------------------------------------------------------------------------------------------------
A Plazo
---------------------------------------------------------------------------------------------------------------------------------
Extranjero
---------------------------------------------------------------------------------------------------------------------------------
De Particulares
---------------------------------------------------------------------------------------------------------------------------------
A la Vista
---------------------------------------------------------------------------------------------------------------------------------
A Plazo
---------------------------------------------------------------------------------------------------------------------------------
De Bancos
---------------------------------------------------------------------------------------------------------------------------------
A la Vista
---------------------------------------------------------------------------------------------------------------------------------
A Plazo
---------------------------------------------------------------------------------------------------------------------------------
OBLIGACIONES
---------------------------------------------------------------------------------------------------------------------------------
Locales
---------------------------------------------------------------------------------------------------------------------------------
Extranjero
---------------------------------------------------------------------------------------------------------------------------------
OTROS PASIVOS
---------------------------------------------------------------------------------------------------------------------------------
Locales
---------------------------------------------------------------------------------------------------------------------------------
Extranjero
---------------------------------------------------------------------------------------------------------------------------------
PATRIMONIO
---------------------------------------------------------------------------------------------------------------------------------
Capital
---------------------------------------------------------------------------------------------------------------------------------
Reservas de Capital
---------------------------------------------------------------------------------------------------------------------------------
Utilidad de Periodos Anteriores
---------------------------------------------------------------------------------------------------------------------------------
Utilidad de Periodo
---------------------------------------------------------------------------------------------------------------------------------
Ganancia o Perdida en Valores
Disponible para la venta
---------------------------------------------------------------------------------------------------------------------------------
PASIVO Y PATRIMONIO
---------------------------------------------------------------------------------------------------------------------------------
22 de marzo de 2004
[SEAL] ESTADO DE RESULTADO
BANCO LATINOAMERICANO DE EXPORTACIONES, S.A.
ENERO - DICIEMBRE 2004
(En Balboas)
------------------------------------------------------------------------------------------------------------------------------------
Descripcion Enero Febrero Marzo Trimestre I Abril Mayo
------------------------------------------------------------------------------------------------------------------------------------
Ingresos Por Intereses 6,554,346.26 4,920,235.16 11,474,581.42
------------------------------------------------------------------------------------------------------------------------------------
Prestamos 5,806,089.31 4,357,928.60 10,164,017.91
------------------------------------------------------------------------------------------------------------------------------------
Depositos 134,326.48 151,395.63 285,722.11
------------------------------------------------------------------------------------------------------------------------------------
Inversiones 613,930.47 410,910.93 1,024,841.40
------------------------------------------------------------------------------------------------------------------------------------
Egresos de Operaciones 2,503,583.65 2,302,555.27 4,806,138.92
------------------------------------------------------------------------------------------------------------------------------------
Intereses Pagados 2,463,551.58 2,289,995.94 4,753,547.52
------------------------------------------------------------------------------------------------------------------------------------
Comisiones 40,032.07 12,559.33 52,591.40
------------------------------------------------------------------------------------------------------------------------------------
Ingreso Neto de Intereses 4,050,762.61 2,617,679.89 6,668,442.50
------------------------------------------------------------------------------------------------------------------------------------
Otros Ingresos 574,025.74 440,603.31 1,014,629.05
------------------------------------------------------------------------------------------------------------------------------------
Comisiones 548,963.99 665,864.96 1,214,828.95
------------------------------------------------------------------------------------------------------------------------------------
Operaciones con Divisas -4,122.82 3,312.45 -810.37
------------------------------------------------------------------------------------------------------------------------------------
Otros ingresos 29,184.57 -228,574.10 -199,389.53
------------------------------------------------------------------------------------------------------------------------------------
Ingresos de Operaciones 4,624,788.35 3,058,283.20 7,683,071.55
------------------------------------------------------------------------------------------------------------------------------------
Egresos Generales 1,845,294.21 -262,208.98 1,583,085.23
------------------------------------------------------------------------------------------------------------------------------------
Gastos Administrativos 1,019,194.48 989,036.77 2,008,231.25
------------------------------------------------------------------------------------------------------------------------------------
Gastos Generales 149,318.22 313,300.33 462,618.55
------------------------------------------------------------------------------------------------------------------------------------
Gastos de Depreciacion 119,749.86 113,223.73 232,973.59
------------------------------------------------------------------------------------------------------------------------------------
Otros Gastos 557,031.65 -1,677,769.81 -1,120,738.16
------------------------------------------------------------------------------------------------------------------------------------
Utilidad antes de Provisiones 2,779,494.14 3,320,492.18 6,099,986.32
------------------------------------------------------------------------------------------------------------------------------------
Provisiones por Cuentas Malas -7,813,682.87 -3,878,544.87 -11,692,227.74
------------------------------------------------------------------------------------------------------------------------------------
Utilidad del Periodo 10,593,177.01 7,199,037.05 17,792,214.06
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Descripcion Junio Trimestre II Julio Agosto Septiembre Trimestre III
------------------------------------------------------------------------------------------------------------------------------------
Ingresos Por Intereses 0.00 0.00
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Prestamos 0.00 0.00
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Depositos 0.00 0.00
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Inversiones 0.00 0.00
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Egresos de Operaciones 0.00 0.00
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Intereses Pagados 0.00 0.00
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Comisiones 0.00 0.00
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Ingreso Neto de Intereses 0.00 0.00
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Otros Ingresos 0.00 0.00
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Comisiones 0.00 0.00
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Operaciones con Divisas 0.00 0.00
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Otros ingresos 0.00 0.00
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Ingresos de Operaciones 0.00 0.00
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Egresos Generales 0.00 0.00
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Gastos Administrativos 0.00 0.00
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Gastos Generales 0.00 0.00
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Gastos de Depreciacion 0.00 0.00
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Otros Gastos 0.00 0.00
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Utilidad antes de Provisiones 0.00 0.00
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Provisiones por Cuentas Malas 0.00 0.00
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Utilidad del Periodo 0.00 0.00
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Descripcion Octubre Noviembre Diciembre Trimestre IV Acumulado Anual
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Ingresos Por Intereses 0.00 11,474,581.42
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Prestamos 0.00 10,164,017.91
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Depositos 0.00 285,722.11
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Inversiones 0.00 1,024,841.40
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Egresos de Operaciones 0.00 4,806,138.92
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Intereses Pagados 0.00 4,753,547.52
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Comisiones 0.00 52,591.40
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Ingreso Neto de Intereses 0.00 6,668,442.50
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Otros Ingresos 0.00 1,014,629.05
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Comisiones 0.00 1,214,828.95
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Operaciones con Divisas 0.00 -810.37
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Otros ingresos 0.00 -199,389.53
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Ingresos de Operaciones 0.00 7,683,071.55
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Egresos Generales 0.00 1,583,085.23
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Gastos Administrativos 0.00 2,008,231.25
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Gastos Generales 0.00 462,618.55
---------------------------------------------------------------------------------------------------------------------
Gastos de Depreciacion 0.00 232,973.59
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Otros Gastos 0.00 -1,120,738.16
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Utilidad antes de Provisiones 0.00 6,099,986.32
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Provisiones por Cuentas Malas 0.00 -11,692,227.74
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Utilidad del Periodo 0.00 17,792,214.06
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