Edgar Filing: FOREIGN TRADE BANK OF LATIN AMERICA, INC.

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 March, 2013

BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.

(Exact name of Registrant as specified in its Charter)

FOREIGN TRADE BANK OF LATIN AMERICA, INC.

(Translation of Registrant’s name into English)

Business Park II, Ave. La Rotonda, Costa del Este

P.O. Box 0819-08730

Panama City, Republic of Panama

(Address of Registrant’s Principal Executive Offices)

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

Form 20-F x Form 40-F ¨

(Indicate by check mark 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 8, 2013.

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, BLADEX REPRESENTACAO LTDA., BLADEX INVESTIMENTOS LTDA., AND BLX BRAZIL, LTD., 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.

		21 de enero 2013
	BALANCE DE SITUACION
	BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
	DE DICIEMBRE 2011 A DICIEMBRE 2012
	(En Miles de Balboas) *

					2011		2012
	Variación Absoluta		%		Diciembre		Enero		Febrero		Marzo		Abril		Mayo		Junio		Julio		Agosto		Septiembre		Octubre		Noviembre		Diciembre
ACTIVOS LIQUIDOS		-135,690.36		-16.17		839,304.46		503,285.46		1,150,341.03		540,197.95		881,343.01		719,271.97		730,606.89		807,114.50		652,554.11		536,734.63		640,658.24		499,991.06		703,614.10
Depósitos Locales en Bancos		243.39		143.35		169.79		180.66		63,310.65		40,793.72		71,154.24		45,338.43		40,404.72		15,177.27		260.69		362.47		552.42		533.06		413.18
A la Vista		243.39		143.35		169.79		180.66		3,310.65		793.72		1,154.24		338.43		404.72		177.27		260.69		362.47		552.42		533.06		413.18
A Plazo		0.00		0.00		0.00		0.00		60,000.00		40,000.00		70,000.00		45,000.00		40,000.00		15,000.00		0.00		0.00		0.00		0.00		0.00
Depósitos Extranjeros en Bancos		-135,931.20		-16.20		839,122.42		503,092.96		1,087,019.84		499,399.00		810,183.37		673,928.41		690,195.13		791,930.33		652,284.02		536,363.78		640,096.49		499,450.21		703,191.21
A la Vista		-125,931.20		-15.76		799,122.42		473,092.96		1,087,019.84		499,399.00		810,183.37		633,928.41		650,195.13		751,930.33		622,284.02		506,363.78		600,096.49		469,450.21		673,191.21
A Plazo		-10,000.00		-25.00		40,000.00		30,000.00		0.00		0.00		0.00		40,000.00		40,000.00		40,000.00		30,000.00		30,000.00		40,000.00		30,000.00		30,000.00
Menos Provisiones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Otros		-2.54		-20.75		12.25		11.85		10.54		5.23		5.39		5.14		7.04		6.90		9.40		8.38		9.32		7.78		9.71
CARTERA CREDITICIA		771,554.66		15.84		4,871,025.20		5,039,676.91		4,662,612.70		5,013,146.83		4,972,420.41		4,892,782.79		5,087,607.77		4,787,053.25		5,035,090.53		5,407,773.09		5,180,925.32		5,383,916.37		5,642,579.86
Locales		-13,991.55		-4.75		294,425.47		213,515.50		213,275.28		210,778.23		119,175.96		118,807.33		157,749.15		180,678.16		215,901.40		237,231.58		246,307.64		219,130.50		280,433.92
Extranjero		769,974.95		16.50		4,665,147.15		4,914,709.01		4,537,885.02		4,881,578.53		4,932,478.84		4,853,209.84		5,012,009.04		4,688,525.52		4,901,339.55		5,253,518.00		5,016,394.17		5,238,162.36		5,435,122.10
Menos Provisiones		-15,571.26		-17.59		88,547.42		88,547.60		88,547.60		79,209.92		79,234.39		79,234.39		82,150.43		82,150.43		82,150.43		82,976.49		81,776.49		73,376.49		72,976.16
Locales		-3,907.68		-71.96		5,430.40		3,442.26		3,442.26		3,465.86		3,465.86		690.17		1,034.52		1,150.30		1,462.10		1,508.77		1,830.75		1,874.30		1,522.71
Extranjero		-11,663.58		-14.03		83,117.02		85,105.34		85,105.34		75,744.06		75,768.52		78,544.22		81,115.91		81,000.12		80,688.32		81,467.72		79,945.74		71,502.19		71,453.44
INVERSIONES EN VALORES		-242,446.79		-42.23		574,144.22		495,586.87		448,096.57		388,708.78		339,128.66		319,019.93		316,581.35		318,094.78		319,001.17		321,339.68		322,426.83		337,418.55		331,697.43
Locales		-3,678.70		-6.34		58,012.00		54,698.60		52,475.12		52,618.00		52,572.54		50,880.10		48,745.90		49,739.20		49,865.10		49,784.00		49,764.60		49,512.99		54,333.30
Extranjero		-238,768.09		-46.26		516,132.22		440,888.27		395,621.45		336,090.78		286,556.13		268,139.83		267,835.45		268,355.58		269,136.07		271,555.68		272,662.23		287,905.56		277,364.13
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		16,747.83		24.45		68,493.51		109,054.27		94,894.51		76,944.04		93,994.87		82,591.15		82,111.20		86,005.99		86,884.15		85,840.63		86,081.65		85,883.23		85,241.34
Locales		5,730.26		34.72		16,505.70		18,657.70		19,294.67		18,350.20		17,159.47		16,396.09		15,267.75		23,350.33		23,426.41		22,161.27		23,280.40		22,763.63		22,235.96
Extranjero		11,017.57		21.19		51,987.81		90,396.57		75,599.83		58,593.85		76,835.40		66,195.05		66,843.45		62,655.67		63,457.74		63,679.36		62,801.25		63,119.60		63,005.39
TOTAL DE ACTIVOS		410,165.34		6.46		6,352,967.40		6,147,603.51		6,355,944.80		6,018,997.61		6,286,886.95		6,013,665.84		6,216,907.21		5,998,268.53		6,093,529.95		6,351,688.03		6,230,092.04		6,307,209.20		6,763,132.74
DEPOSITOS		13,517.84		0.59		2,303,973.48		2,145,692.21		2,482,781.11		2,394,054.18		2,248,577.56		2,179,918.88		2,377,252.16		2,181,145.56		2,183,581.52		2,334,324.79		2,221,315.42		2,155,090.68		2,317,491.33
Locales		143,481.99		59.92		239,461.62		275,831.30		397,888.84		374,061.38		281,197.68		277,576.10		288,883.96		267,892.17		309,878.66		311,390.73		337,416.94		364,923.44		382,943.61
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		110,000.00		275.00		40,000.00		40,000.00		140,000.00		140,000.00		140,000.00		140,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00
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		110,000.00		275.00		40,000.00		40,000.00		140,000.00		140,000.00		140,000.00		140,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00
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		33,481.99		16.79		199,461.62		235,831.30		257,888.84		234,061.38		141,197.68		137,576.10		138,883.96		117,892.17		159,878.66		161,390.73		187,416.94		214,923.44		232,943.61
A la Vista		-22.13		-29.26		75.64		63.70		86.46		64.82		68.96		62.97		70.28		78.11		66.15		70.99		70.91		74.49		53.51
A Plazo		33,504.12		16.80		199,385.98		235,767.60		257,802.37		233,996.55		141,128.72		137,513.13		138,813.68		117,814.06		159,812.51		161,319.74		187,346.03		214,848.95		232,890.10
Extranjero		-129,964.15		-6.30		2,064,511.86		1,869,860.90		2,084,892.27		2,019,992.80		1,967,379.89		1,902,342.79		2,088,368.21		1,913,253.39		1,873,702.86		2,022,934.06		1,883,898.47		1,790,167.24		1,934,547.72
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		39,135.39		241.72		16,190.59		11,400.89		11,889.23		12,011.06		13,980.41		13,905.16		13,923.11		27,159.39		32,130.27		20,510.45		20,405.53		21,738.12		55,325.98
A la Vista		21.02		1.42		1,481.76		1,483.99		1,735.57		1,478.27		1,627.25		1,473.53		1,483.90		7,052.53		11,943.05		1,491.93		1,491.34		2,743.66		1,502.77
A Plazo		39,114.37		265.92		14,708.84		9,916.90		10,153.66		10,532.78		12,353.16		12,431.62		12,439.20		20,106.87		20,187.22		19,018.52		18,914.19		18,994.46		53,823.21
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		-169,099.53		-8.26		2,048,321.27		1,858,460.02		2,073,003.05		2,007,981.74		1,953,399.48		1,888,437.63		2,074,445.10		1,886,094.00		1,841,572.59		2,002,423.61		1,863,492.95		1,768,429.12		1,879,221.74
A la Vista		64,053.70		96.33		66,496.74		73,189.99		150,829.48		114,723.48		113,788.24		60,642.03		219,513.33		77,694.97		99,403.94		109,237.20		71,960.73		92,278.35		130,550.43
A Plazo		-233,153.23		-11.76		1,981,824.53		1,785,270.02		1,922,173.56		1,893,258.26		1,839,611.24		1,827,795.60		1,854,931.77		1,808,399.03		1,742,168.65		1,893,186.41		1,791,532.22		1,676,150.78		1,748,671.30
OBLIGACIONES		324,921.56		10.19		3,188,015.51		3,111,961.27		3,013,289.43		2,755,113.95		3,147,353.68		2,913,881.45		2,934,307.17		2,901,926.64		2,994,020.57		3,100,772.51		3,097,356.40		3,230,532.59		3,512,937.07
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		324,921.56		10.19		3,188,015.51		3,111,961.27		3,013,289.43		2,755,113.95		3,147,353.68		2,913,881.45		2,934,307.17		2,901,926.64		2,994,020.57		3,100,772.51		3,097,356.40		3,230,532.59		3,512,937.07
OTROS PASIVOS		-7,771.48		-7.16		108,514.53		126,589.67		95,049.38		97,020.50		109,274.56		127,286.23		109,313.17		113,997.54		105,273.03		105,020.75		89,305.60		82,522.75		100,743.05
Locales		-312.38		-4.53		6,893.36		7,464.64		7,859.99		6,290.72		6,357.29		12,966.47		5,056.33		5,073.91		5,574.20		5,369.70		5,619.15		5,549.76		6,580.98
Extranjero		-7,459.10		-7.34		101,621.17		119,125.03		87,189.39		90,729.78		102,917.28		114,319.77		104,256.84		108,923.63		99,698.83		99,651.05		83,686.45		76,972.99		94,162.07
PATRIMONIO		79,497.43		10.56		752,463.87		763,360.37		764,824.87		772,808.99		781,681.15		792,579.27		796,034.70		801,198.78		810,654.84		811,569.98		822,114.62		839,063.18		831,961.29
Capital		15,406.08		5.23		294,541.21		294,768.83		296,352.28		300,961.31		302,027.53		305,397.07		305,583.15		305,616.93		309,087.70		309,266.74		309,446.40		309,657.23		309,947.29
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		95,210.15
Otras Reservas		380.45		-108.64		-350.18		-926.79		-1,536.47		-1,341.27		-364.33		2,471.99		1,096.30		-278.00		-367.74		-499.85		315.86		683.84		30.27
Utilidad de Periodos Anteriores		72,833.94		29.33		248,328.32		364,791.27		355,507.50		346,203.24		346,203.24		346,108.80		344,109.11		344,109.11		344,045.32		334,509.98		332,605.81		332,605.81		321,162.26
Utilidad de Periodo		-11,784.59		-10.12		116,462.95		10,007.85		17,656.65		29,635.50		37,362.30		43,699.00		50,441.28		56,381.80		61,880.20		72,159.37		83,099.50		99,871.32		104,678.37
Ganancia o Perdida en Valores Disponible para la venta		2,661.55		-153.97		-1,728.59		-490.93		1,634.76		2,140.06		1,242.26		-307.75		-405.29		158.78		799.20		923.59		1,436.89		1,034.83		932.96
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		410,165.34		6.46		6,352,967.40		6,147,603.51		6,355,944.80		6,018,997.61		6,286,886.95		6,013,665.84		6,216,907.21		5,998,268.53		6,093,529.95		6,351,688.03		6,230,092.04		6,307,209.20		6,763,132.74

*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).

		21 de enero 2013
	ESTADO DE RESULTADO
	BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
	DE DICIEMBRE 2011 A DICIEMBRE 2012
	(En Miles de Balboas) *

	2011		2012
	Diciembre		Enero		Febrero		Marzo		Abril		Mayo		Junio		Julio		Agosto		Septiembre		Octubre		Noviembre		Diciembre		Acumulado
Ingresos Por Intereses		155,085.56		17,264.58		14,981.18		15,530.65		15,961.64		15,725.14		15,094.72		16,142.79		15,657.88		15,774.11		17,074.10		15,837.82		16,512.50		191,557.11
Préstamos		140,316.90		15,828.69		13,938.39		14,562.05		15,293.11		15,079.41		14,590.20		15,621.76		15,126.81		15,284.27		16,569.31		15,291.24		16,030.52		183,215.76
Depósitos		1,350.86		241.76		171.57		170.36		160.37		205.44		147.01		137.18		145.43		129.92		119.08		175.07		72.68		1,875.88
Inversiones		13,417.80		1,194.13		871.22		798.24		508.16		440.28		357.51		383.85		385.63		359.92		385.71		371.51		409.31		6,465.48
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		54,489.48		6,390.75		6,005.44		6,340.81		6,576.33		7,479.79		6,752.37		6,872.77		6,787.69		8,914.81		8,590.76		8,152.33		8,573.25		87,437.11
Intereses Pagados		54,393.88		6,390.37		6,005.32		6,339.37		6,576.10		7,466.76		6,746.41		6,857.06		6,777.65		8,906.40		8,580.42		8,145.49		8,559.34		87,350.68
Comisiones		95.60		0.38		0.12		1.45		0.23		13.03		5.96		15.71		10.05		8.42		10.35		6.84		13.91		86.43
Ingreso Neto de Intereses		100,596.08		10,873.84		8,975.74		9,189.84		9,385.31		8,245.34		8,342.35		9,270.03		8,870.18		6,859.30		8,483.33		7,685.49		7,939.26		104,120.00
Otros Ingresos		81,840.78		21,037.38		10,603.87		6,387.31		9,704.78		36,204.27		29,568.83		11,221.11		5,995.83		17,338.01		14,727.82		12,071.54		6,601.00		181,461.75
Comisiones		10,699.66		934.64		709.10		653.40		492.89		809.49		1,059.51		996.40		625.34		503.90		643.85		599.61		2,062.56		10,090.68
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		71,141.11		20,102.74		9,894.78		5,733.91		9,211.88		35,394.79		28,509.32		10,224.71		5,370.48		16,834.11		14,083.97		11,471.94		4,538.44		171,371.07
Ingresos de Operaciones		182,436.85		31,911.22		19,579.61		15,577.15		19,090.09		44,449.62		37,911.18		20,491.14		14,866.01		24,197.31		23,211.15		19,757.03		14,540.25		285,581.76
Egresos Generales		61,580.48		21,903.38		11,930.90		8,009.41		11,363.29		38,112.91		26,251.16		14,550.62		9,367.61		16,945.58		13,471.01		9,716.47		11,669.76		193,292.10
Gastos Administrativos		27,756.94		1,788.53		1,864.91		3,534.41		2,439.78		2,729.01		2,483.68		2,833.46		2,871.24		2,389.17		2,252.53		2,633.71		5,078.35		32,898.79
Gastos Generales		6,261.29		336.04		681.60		694.47		1,002.76		560.44		52.36		665.57		406.06		471.32		462.62		564.39		808.70		6,706.34
Gastos de Depreciación		2,054.09		146.40		146.75		145.52		144.82		151.63		185.79		243.07		207.79		204.10		205.44		204.90		209.50		2,195.71
Otros Gastos		25,508.15		19,632.41		9,237.64		3,635.00		7,775.93		34,671.83		23,529.33		10,808.52		5,882.52		13,880.99		10,550.42		6,313.46		5,573.21		151,491.26
Utilidad antes de Provisiones		120,856.37		10,007.85		7,648.71		7,567.74		7,726.80		6,336.70		11,660.01		5,940.52		5,498.40		7,251.73		9,740.14		10,040.56		2,870.50		92,289.66
Provisiones por Cuentas Malas		4,393.42		0.00		-0.10		-4,411.11		0.00		0.00		4,917.73		0.00		0.00		-3,027.44		-1,200.00		-6,731.25		-1,936.55		-12,388.71
Utilidad del Periodo		116,462.95		10,007.85		7,648.80		11,978.85		7,726.80		6,336.70		6,742.28		5,940.52		5,498.40		10,279.16		10,940.14		16,771.81		4,807.05		104,678.37

*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, BLADEX REPRESENTACAO LTDA., BLADEX INVESTIMENTOS LTDA., AND BLX BRAZIL, LTD., 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.

		January 21, 2013
	BALANCE SHEET
	BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
	DECEMBER 2011 - DECEMBER 2012
	(In Thousand Balboas) *

					2011		2012
	Absolute Variation		%		December		January		February		March		April		May		June		July		August		September		October		November		December
LIQUID ASSETS		-135,690.36		-16.17		839,304.46		503,285.46		1,150,341.03		540,197.95		881,343.01		719,271.97		730,606.89		807,114.50		652,554.11		536,734.63		640,658.24		499,991.06		703,614.10
Local Deposits in Banks		243.39		143.35		169.79		180.66		63,310.65		40,793.72		71,154.24		45,338.43		40,404.72		15,177.27		260.69		362.47		552.42		533.06		413.18
Demand		243.39		143.35		169.79		180.66		3,310.65		793.72		1,154.24		338.43		404.72		177.27		260.69		362.47		552.42		533.06		413.18
Time		0.00		0.00		0.00		0.00		60,000.00		40,000.00		70,000.00		45,000.00		40,000.00		15,000.00		0.00		0.00		0.00		0.00		0.00
Foreign Deposits in Banks		-135,931.20		-16.20		839,122.42		503,092.96		1,087,019.84		499,399.00		810,183.37		673,928.41		690,195.13		791,930.33		652,284.02		536,363.78		640,096.49		499,450.21		703,191.21
Demand		-125,931.20		-15.76		799,122.42		473,092.96		1,087,019.84		499,399.00		810,183.37		633,928.41		650,195.13		751,930.33		622,284.02		506,363.78		600,096.49		469,450.21		673,191.21
Time		-10,000.00		-25.00		40,000.00		30,000.00		0.00		0.00		0.00		40,000.00		40,000.00		40,000.00		30,000.00		30,000.00		40,000.00		30,000.00		30,000.00
Less Allowance		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Others		-2.54		-20.75		12.25		11.85		10.54		5.23		5.39		5.14		7.04		6.90		9.40		8.38		9.32		7.78		9.71
CREDIT PORTFOLIO		771,554.66		15.84		4,871,025.20		5,039,676.91		4,662,612.70		5,013,146.83		4,972,420.41		4,892,782.79		5,087,607.77		4,787,053.25		5,035,090.53		5,407,773.09		5,180,925.32		5,383,916.37		5,642,579.86
Local		-13,991.55		-4.75		294,425.47		213,515.50		213,275.28		210,778.23		119,175.96		118,807.33		157,749.15		180,678.16		215,901.40		237,231.58		246,307.64		219,130.50		280,433.92
Foreign		769,974.95		16.50		4,665,147.15		4,914,709.01		4,537,885.02		4,881,578.53		4,932,478.84		4,853,209.84		5,012,009.04		4,688,525.52		4,901,339.55		5,253,518.00		5,016,394.17		5,238,162.36		5,435,122.10
Less Allowance		-15,571.26		-17.59		88,547.42		88,547.60		88,547.60		79,209.92		79,234.39		79,234.39		82,150.43		82,150.43		82,150.43		82,976.49		81,776.49		73,376.49		72,976.16
Local		-3,907.68		-71.96		5,430.40		3,442.26		3,442.26		3,465.86		3,465.86		690.17		1,034.52		1,150.30		1,462.10		1,508.77		1,830.75		1,874.30		1,522.71
Foreign		-11,663.58		-14.03		83,117.02		85,105.34		85,105.34		75,744.06		75,768.52		78,544.22		81,115.91		81,000.12		80,688.32		81,467.72		79,945.74		71,502.19		71,453.44
INVESTMENT SECURITIES		-242,446.79		-42.23		574,144.22		495,586.87		448,096.57		388,708.78		339,128.66		319,019.93		316,581.35		318,094.78		319,001.17		321,339.68		322,426.83		337,418.55		331,697.43
Local		-3,678.70		-6.34		58,012.00		54,698.60		52,475.12		52,618.00		52,572.54		50,880.10		48,745.90		49,739.20		49,865.10		49,784.00		49,764.60		49,512.99		54,333.30
Foreign		-238,768.09		-46.26		516,132.22		440,888.27		395,621.45		336,090.78		286,556.13		268,139.83		267,835.45		268,355.58		269,136.07		271,555.68		272,662.23		287,905.56		277,364.13
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		16,747.83		24.45		68,493.51		109,054.27		94,894.51		76,944.04		93,994.87		82,591.15		82,111.20		86,005.99		86,884.15		85,840.63		86,081.65		85,883.23		85,241.34
Local		5,730.26		34.72		16,505.70		18,657.70		19,294.67		18,350.20		17,159.47		16,396.09		15,267.75		23,350.33		23,426.41		22,161.27		23,280.40		22,763.63		22,235.96
Foreign		11,017.57		21.19		51,987.81		90,396.57		75,599.83		58,593.85		76,835.40		66,195.05		66,843.45		62,655.67		63,457.74		63,679.36		62,801.25		63,119.60		63,005.39
TOTAL ASSETS		410,165.34		6.46		6,352,967.40		6,147,603.51		6,355,944.80		6,018,997.61		6,286,886.95		6,013,665.84		6,216,907.21		5,998,268.53		6,093,529.95		6,351,688.03		6,230,092.04		6,307,209.20		6,763,132.74
DEPOSITS		13,517.84		0.59		2,303,973.48		2,145,692.21		2,482,781.11		2,394,054.18		2,248,577.56		2,179,918.88		2,377,252.16		2,181,145.56		2,183,581.52		2,334,324.79		2,221,315.42		2,155,090.68		2,317,491.33
Local		143,481.99		59.92		239,461.62		275,831.30		397,888.84		374,061.38		281,197.68		277,576.10		288,883.96		267,892.17		309,878.66		311,390.73		337,416.94		364,923.44		382,943.61
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		110,000.00		275.00		40,000.00		40,000.00		140,000.00		140,000.00		140,000.00		140,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00
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		110,000.00		275.00		40,000.00		40,000.00		140,000.00		140,000.00		140,000.00		140,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00
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		33,481.99		16.79		199,461.62		235,831.30		257,888.84		234,061.38		141,197.68		137,576.10		138,883.96		117,892.17		159,878.66		161,390.73		187,416.94		214,923.44		232,943.61
Demand		-22.13		-29.26		75.64		63.70		86.46		64.82		68.96		62.97		70.28		78.11		66.15		70.99		70.91		74.49		53.51
Time		33,504.12		16.80		199,385.98		235,767.60		257,802.37		233,996.55		141,128.72		137,513.13		138,813.68		117,814.06		159,812.51		161,319.74		187,346.03		214,848.95		232,890.10
Foreign		-129,964.15		-6.30		2,064,511.86		1,869,860.90		2,084,892.27		2,019,992.80		1,967,379.89		1,902,342.79		2,088,368.21		1,913,253.39		1,873,702.86		2,022,934.06		1,883,898.47		1,790,167.24		1,934,547.72
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		39,135.39		241.72		16,190.59		11,400.89		11,889.23		12,011.06		13,980.41		13,905.16		13,923.11		27,159.39		32,130.27		20,510.45		20,405.53		21,738.12		55,325.98
Demand		21.02		1.42		1,481.76		1,483.99		1,735.57		1,478.27		1,627.25		1,473.53		1,483.90		7,052.53		11,943.05		1,491.93		1,491.34		2,743.66		1,502.77
Time		39,114.37		265.92		14,708.84		9,916.90		10,153.66		10,532.78		12,353.16		12,431.62		12,439.20		20,106.87		20,187.22		19,018.52		18,914.19		18,994.46		53,823.21
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		-169,099.53		-8.26		2,048,321.27		1,858,460.02		2,073,003.05		2,007,981.74		1,953,399.48		1,888,437.63		2,074,445.10		1,886,094.00		1,841,572.59		2,002,423.61		1,863,492.95		1,768,429.12		1,879,221.74
Demand		64,053.70		96.33		66,496.74		73,189.99		150,829.48		114,723.48		113,788.24		60,642.03		219,513.33		77,694.97		99,403.94		109,237.20		71,960.73		92,278.35		130,550.43
Time		-233,153.23		-11.76		1,981,824.53		1,785,270.02		1,922,173.56		1,893,258.26		1,839,611.24		1,827,795.60		1,854,931.77		1,808,399.03		1,742,168.65		1,893,186.41		1,791,532.22		1,676,150.78		1,748,671.30
BORROWINGS		324,921.56		10.19		3,188,015.51		3,111,961.27		3,013,289.43		2,755,113.95		3,147,353.68		2,913,881.45		2,934,307.17		2,901,926.64		2,994,020.57		3,100,772.51		3,097,356.40		3,230,532.59		3,512,937.07
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		324,921.56		10.19		3,188,015.51		3,111,961.27		3,013,289.43		2,755,113.95		3,147,353.68		2,913,881.45		2,934,307.17		2,901,926.64		2,994,020.57		3,100,772.51		3,097,356.40		3,230,532.59		3,512,937.07
OTHER LIABILITIES		-7,771.48		-7.16		108,514.53		126,589.67		95,049.38		97,020.50		109,274.56		127,286.23		109,313.17		113,997.54		105,273.03		105,020.75		89,305.60		82,522.75		100,743.05
Local		-312.38		-4.53		6,893.36		7,464.64		7,859.99		6,290.72		6,357.29		12,966.47		5,056.33		5,073.91		5,574.20		5,369.70		5,619.15		5,549.76		6,580.98
Foreign		-7,459.10		-7.34		101,621.17		119,125.03		87,189.39		90,729.78		102,917.28		114,319.77		104,256.84		108,923.63		99,698.83		99,651.05		83,686.45		76,972.99		94,162.07
STOCKHOLDERS´ EQUITY		79,497.43		10.56		752,463.87		763,360.37		764,824.87		772,808.99		781,681.15		792,579.27		796,034.70		801,198.78		810,654.84		811,569.98		822,114.62		839,063.18		831,961.29
Capital		15,406.08		5.23		294,541.21		294,768.83		296,352.28		300,961.31		302,027.53		305,397.07		305,583.15		305,616.93		309,087.70		309,266.74		309,446.40		309,657.23		309,947.29
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		95,210.15
Other Reserves		380.45		-108.64		-350.18		-926.79		-1,536.47		-1,341.27		-364.33		2,471.99		1,096.30		-278.00		-367.74		-499.85		315.86		683.84		30.27
Retained Earnings		72,833.94		29.33		248,328.32		364,791.27		355,507.50		346,203.24		346,203.24		346,108.80		344,109.11		344,109.11		344,045.32		334,509.98		332,605.81		332,605.81		321,162.26
Net Income		-11,784.59		-10.12		116,462.95		10,007.85		17,656.65		29,635.50		37,362.30		43,699.00		50,441.28		56,381.80		61,880.20		72,159.37		83,099.50		99,871.32		104,678.37
Gain or Loss in Securities available for sale		2,661.55		-153.97		-1,728.59		-490.93		1,634.76		2,140.06		1,242.26		-307.75		-405.29		158.78		799.20		923.59		1,436.89		1,034.83		932.96
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		410,165.34		6.46		6,352,967.40		6,147,603.51		6,355,944.80		6,018,997.61		6,286,886.95		6,013,665.84		6,216,907.21		5,998,268.53		6,093,529.95		6,351,688.03		6,230,092.04		6,307,209.20		6,763,132.74

*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).

		January 21, 2013
	STATEMENT OF INCOME
	BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
	DECEMBER 2011 - DECEMBER 2012
	(In Thousand Balboas) *

	2011		2012
	December		January		February		March		April		May		June		July		August		September		October		November		December		Year to date
Interest Income		155,085.56		17,264.58		14,981.18		15,530.65		15,961.64		15,725.14		15,094.72		16,142.79		15,657.88		15,774.11		17,074.10		15,837.82		16,512.50		191,557.11
Loans		140,316.90		15,828.69		13,938.39		14,562.05		15,293.11		15,079.41		14,590.20		15,621.76		15,126.81		15,284.27		16,569.31		15,291.24		16,030.52		183,215.76
Deposits		1,350.86		241.76		171.57		170.36		160.37		205.44		147.01		137.18		145.43		129.92		119.08		175.07		72.68		1,875.88
Investments		13,417.80		1,194.13		871.22		798.24		508.16		440.28		357.51		383.85		385.63		359.92		385.71		371.51		409.31		6,465.48
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		54,489.48		6,390.75		6,005.44		6,340.81		6,576.33		7,479.79		6,752.37		6,872.77		6,787.69		8,914.81		8,590.76		8,152.33		8,573.25		87,437.11
Interest		54,393.88		6,390.37		6,005.32		6,339.37		6,576.10		7,466.76		6,746.41		6,857.06		6,777.65		8,906.40		8,580.42		8,145.49		8,559.34		87,350.68
Commissions		95.60		0.38		0.12		1.45		0.23		13.03		5.96		15.71		10.05		8.42		10.35		6.84		13.91		86.43
Net Interest Income		100,596.08		10,873.84		8,975.74		9,189.84		9,385.31		8,245.34		8,342.35		9,270.03		8,870.18		6,859.30		8,483.33		7,685.49		7,939.26		104,120.00
Other Income		81,840.78		21,037.38		10,603.87		6,387.31		9,704.78		36,204.27		29,568.83		11,221.11		5,995.83		17,338.01		14,727.82		12,071.54		6,601.00		181,461.75
Commissions		10,699.66		934.64		709.10		653.40		492.89		809.49		1,059.51		996.40		625.34		503.90		643.85		599.61		2,062.56		10,090.68
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		71,141.11		20,102.74		9,894.78		5,733.91		9,211.88		35,394.79		28,509.32		10,224.71		5,370.48		16,834.11		14,083.97		11,471.94		4,538.44		171,371.07
Operating Income		182,436.85		31,911.22		19,579.61		15,577.15		19,090.09		44,449.62		37,911.18		20,491.14		14,866.01		24,197.31		23,211.15		19,757.03		14,540.25		285,581.76
Operating Expenses		61,580.48		21,903.38		11,930.90		8,009.41		11,363.29		38,112.91		26,251.16		14,550.62		9,367.61		16,945.58		13,471.01		9,716.47		11,669.76		193,292.10
Administrative expenses		27,756.94		1,788.53		1,864.91		3,534.41		2,439.78		2,729.01		2,483.68		2,833.46		2,871.24		2,389.17		2,252.53		2,633.71		5,078.35		32,898.79
General expenses		6,261.29		336.04		681.60		694.47		1,002.76		560.44		52.36		665.57		406.06		471.32		462.62		564.39		808.70		6,706.34
Depreciation		2,054.09		146.40		146.75		145.52		144.82		151.63		185.79		243.07		207.79		204.10		205.44		204.90		209.50		2,195.71
Other expenses		25,508.15		19,632.41		9,237.64		3,635.00		7,775.93		34,671.83		23,529.33		10,808.52		5,882.52		13,880.99		10,550.42		6,313.46		5,573.21		151,491.26
Net Income before provision for loan losses		120,856.37		10,007.85		7,648.71		7,567.74		7,726.80		6,336.70		11,660.01		5,940.52		5,498.40		7,251.73		9,740.14		10,040.56		2,870.50		92,289.66
Provision for loan losses		4,393.42		0.00		-0.10		-4,411.11		0.00		0.00		4,917.73		0.00		0.00		-3,027.44		-1,200.00		-6,731.25		-1,936.55		-12,388.71
Net Income		116,462.95		10,007.85		7,648.80		11,978.85		7,726.80		6,336.70		6,742.28		5,940.52		5,498.40		10,279.16		10,940.14		16,771.81		4,807.05		104,678.37

*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).