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

Unassociated Document

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 July, 2010

BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.

(Exact name of Registrant as specified in its Charter)

FOREIGN TRADE BANK OF LATIN AMERICA, INC.

(Translation of Registrant’s name into English)

Calle 50 y Aquilino de la Guardia

P.O. Box 0819-08730

Panama City, Republic of Panama

(Address of Registrant’s Principal Executive Offices)

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

Form 20-F x Form 40-F o

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

Yes o No x

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

SIGNATURES

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

	FOREIGN TRADE BANK OF LATIN AMERICA, INC.

July 16th, 2010	By:	/s/ Pedro Toll
	Name: Pedro Toll
	Title: General Manager

Nota: Los datos de esta información no son consolidados y excluyen la data de Bladex Asset Management Inc., Bladex Holdings Inc., Clavex S.A., Bladex Offshore Feeder Fund y Bladex Representacao Ltda.

BALANCE DE SITUACION

BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.

DE DICIEMBRE 2009 A MAYO 2010

(En Miles de Balboas) *

21 de junio de 2010

					2009		2010
	Variaión Absoluta		%		Diciembre		Enero		Febrero		Marzo		Abril		Mayo
ACTIVOS LIQUIDOS		147,774.83		34.82		424,385.05		374,588.34		362,034.09		348,592.24		375,824.51		572,159.88
Depositos Locales en Bancos		125.22		462.18		27.09		39.99		255.66		175.37		33.65		152.32
A la Vista		125.22		462.18		27.09		39.99		255.66		175.37		33.65		152.32
A Plazo		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Depositos Extranjeros en Bancos		147,650.06		34.79		424,346.48		374,539.75		361,765.37		348,402.26		375,762.21		571,996.54
A la Vista		120,450.06		58.94		204,346.48		148,139.75		202,865.37		178,702.26		205,762.21		324,796.54
A Plazo		27,200.00		12.36		220,000.00		226,400.00		158,900.00		169,700.00		170,000.00		247,200.00
Menos Provisiones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Otros		-0.45		-3.93		11.48		8.60		13.06		14.61		28.65		11.03
CARTERA CREDITICIA		148,906.41		5.50		2,705,473.12		2,643,212.60		2,729,005.31		2,861,502.24		2,914,351.79		2,854,379.53
Locales		43,209.62		75.82		56,992.09		60,921.15		60,849.78		75,973.50		100,901.71		100,201.71
Extranjero		106,613.79		3.92		2,722,269.86		2,656,078.69		2,742,243.44		2,859,465.51		2,890,516.58		2,828,883.65
Menos Provisiones		917.00		1.24		73,788.83		73,787.24		74,087.91		73,936.77		77,066.49		74,705.83
Locales		242.63		18.96		1,279.69		1,279.69		1,279.69		1,522.31		1,522.31		1,522.31
Extranjero		674.37		0.93		72,509.14		72,507.55		72,808.22		72,414.46		75,544.18		73,183.52
INVERSIONES EN VALORES		11,336.43		1.85		614,353.92		613,396.08		616,501.74		615,159.60		615,035.76		625,690.35
Locales		-106.00		-0.24		43,776.00		43,586.00		43,960.00		43,572.00		43,708.00		43,670.00
Extranjero		11,442.43		2.01		570,577.92		569,810.08		572,541.74		571,587.60		571,327.76		582,020.35
Menos Provisiones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
OTROS ACTIVOS		29,157.75		60.92		47,859.85		47,659.41		50,759.94		41,892.90		48,373.56		77,017.60
Locales		836.45		22.45		3,726.64		4,053.24		4,311.42		466.14		3,977.44		4,563.09
Extranjero		28,321.31		64.17		44,133.21		43,606.17		46,448.52		41,426.76		44,396.12		72,454.52
TOTAL DE ACTIVOS		337,175.42		8.89		3,792,071.95		3,678,856.42		3,758,301.07		3,867,146.98		3,953,585.61		4,129,247.37
DEPOSITOS		171,718.28		13.66		1,256,977.97		1,270,196.08		1,355,586.12		1,356,077.64		1,332,000.26		1,428,696.25
Locales		19,533.33		17.94		108,876.22		150,861.68		142,864.13		161,372.18		123,432.86		128,409.55
Oficiales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Particulares		41,000.00		0.00		0.00		39,000.00		39,000.00		39,000.00		27,000.00		41,000.00
A la Vista		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A Plazo		41,000.00		0.00		0.00		39,000.00		39,000.00		39,000.00		27,000.00		41,000.00
De Ahorros		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Bancos		-21,466.67		-19.72		108,876.22		111,861.68		103,864.13		122,372.18		96,432.86		87,409.55
A la Vista		33.30		11.16		298.32		298.32		297.76		297.29		354.64		331.62
A Plazo		-21,499.97		-19.80		108,577.90		111,563.37		103,566.36		122,074.90		96,078.22		87,077.93
Extranjero		152,184.96		13.26		1,148,101.75		1,119,334.40		1,212,722.00		1,194,705.45		1,208,567.40		1,300,286.70
Oficiales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Particulares		-15,605.96		-85.08		18,343.29		2,365.51		2,180.82		2,317.37		2,234.44		2,737.33
A la Vista		-606.62		-23.19		2,615.55		1,637.77		1,452.74		1,589.29		1,506.37		2,008.94
A Plazo		-14,999.34		-95.37		15,727.74		727.74		728.08		728.08		728.08		728.40
De Ahorros		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Bancos		167,790.91		14.85		1,129,758.45		1,116,968.89		1,210,541.18		1,192,388.09		1,206,332.95		1,297,549.37
A la Vista		-26,187.83		-53.23		49,193.30		39,660.25		44,172.37		35,748.27		34,163.06		23,005.47
A Plazo		193,978.75		17.95		1,080,565.15		1,077,308.64		1,166,368.81		1,156,639.82		1,172,169.89		1,274,543.90
OBLIGACIONES		139,381.76		7.78		1,792,670.97		1,662,213.88		1,664,236.27		1,775,274.07		1,883,387.61		1,932,052.74
Locales		0.00		0.00		0.00		0.00		0.00		102.17		0.00		0.00
Extranjero		139,381.76		7.78		1,792,670.97		1,662,213.88		1,664,236.27		1,775,171.91		1,883,387.61		1,932,052.74
OTROS PASIVOS		17,931.54		14.62		122,625.36		129,561.54		121,811.46		109,946.01		111,682.39		140,556.91
Locales		-6,491.11		-61.51		10,552.15		13,964.05		9,040.63		9,379.45		9,007.22		4,061.04
Extranjero		24,422.66		21.79		112,073.21		115,597.49		112,770.83		100,566.56		102,675.17		136,495.87
PATRIMONIO		8,143.83		1.31		619,797.64		616,884.91		616,667.23		625,849.26		626,515.36		627,941.47
Capital		1,406.38		0.49		285,198.77		285,340.34		285,484.56		285,959.89		286,428.79		286,605.15
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
Otras Reservas		-474.14		16.26		-2,916.04		-3,540.36		-3,455.61		-3,658.56		-3,566.67		-3,390.17
Utilidad de Periodos Anteriores		32,863.11		15.86		207,188.27		245,548.79		240,066.95		240,060.46		240,051.38		240,051.38
Utilidad de Periodo		-23,414.31		-61.04		38,360.52		2,932.30		4,432.91		10,934.82		11,626.04		14,946.21
Ganancia o Perdida en Valores Disponible para la venta		-2,237.21		68.96		-3,244.03		-8,606.32		-5,071.75		-2,657.50		-3,234.33		-5,481.25
Deuda Subordinada		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
PASIVO Y PATRIMONIO		337,175.42		8.89		3,792,071.95		3,678,856.42		3,758,301.08		3,867,146.98		3,953,585.61		4,129,247.37

*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).

ESTADO DE RESULTADOS

BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.

DE DICIEMBRE 2009 A MAYO 2010

(En Miles de Balboas) *

21 de junio de 2010

	2009		2010
	Diciembre		Enero		Febrero		Marzo		Abril		Mayo		Junio	Julio	Agosto	Septiembre	Octubre	Noviembre	Diciembre	Acumulado
Ingresos Por Intereses		140,201.06		9,581.27		7,640.60		8,585.97		9,625.04		8,677.64									44,110.53
Préstamos		114,326.15		8,447.84		6,872.64		7,523.07		8,695.31		7,608.76									39,147.63
Depósitos		1,260.49		62.20		52.77		69.23		60.59		75.69									320.49
Inversiones		24,614.43		1,071.23		715.19		993.67		869.14		993.18									4,642.41
Arrendamiento Financiero		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
Egresos de Operaciones		74,969.79		3,752.81		3,269.58		3,568.97		3,350.71		3,398.11									17,340.17
Intereses Pagados		74,886.82		3,745.36		3,261.10		3,558.69		3,343.68		3,391.57									17,300.40
Comisiones		82.97		7.45		8.48		10.28		7.03		6.53									39.77
Ingreso Neto de Intereses		65,231.27		5,828.46		4,371.02		5,017.01		6,274.33		5,279.53									26,770.35
Otros Ingresos		24,897.89		653.25		1,282.24		1,614.43		404.80		1,626.20									5,580.93
Comisiones		6,483.61		810.68		693.94		738.51		850.15		789.13									3,882.41
Operaciones con Divisas		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
Otros ingresos		18,414.28		-157.43		588.30		875.92		-445.34		837.07									1,698.52
Ingresos de Operaciones		90,129.16		6,481.72		5,653.26		6,631.44		6,679.13		6,905.73									32,351.29
Egresos Generales		36,937.77		3,549.42		3,851.97		3,896.92		2,858.20		3,816.98									17,973.49
Gastos Administrativos		19,787.00		1,531.88		1,727.98		2,169.11		1,531.72		1,652.56									8,613.25
Gastos Generales		4,116.70		337.38		325.02		527.35		267.18		376.55									1,833.48
Gastos de Depreciación		2,559.40		215.34		217.00		217.35		195.02		189.51									1,034.23
Otros Gastos		10,474.67		1,464.82		1,581.97		983.11		864.28		1,598.36									6,492.53
Utilidad antes de Provisiones		53,191.39		2,932.30		1,801.29		2,734.52		3,820.94		3,088.75									14,377.79
Provisiones por Cuentas Malas		14,830.87		0.00		300.67		-3,767.39		3,129.72		-231.43									-568.42
Utilidad del Periodo		38,360.52		2,932.30		1,500.61		6,501.91		691.21		3,320.18									14,946.21

*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: This information are unconsolidated figures and exclude the data for Bladex Asset Management Inc., Bladex Holdings Inc., Clavex S.A., Bladex Offshore Feeder Fund, and Bladex Representacao Ltda.

BALANCE SHEET

BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.

DECEMBER 2009 - MAY 2010
(In Thousand Balboas) *

June 21, 2010

					2009		2010
	Absolute Variation		%		December		January		February		March		April		May
LIQUID ASSETS		147,774.83		34.82		424,385.05		374,588.34		362,034.09		348,592.24		375,824.51		572,159.88
Local Deposits in Banks		125.22		462.18		27.09		39.99		255.66		175.37		33.65		152.32
Demand		125.22		462.18		27.09		39.99		255.66		175.37		33.65		152.32
Time		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign Deposits in Banks		147,650.06		34.79		424,346.48		374,539.75		361,765.37		348,402.26		375,762.21		571,996.54
Demand		120,450.06		58.94		204,346.48		148,139.75		202,865.37		178,702.26		205,762.21		324,796.54
Time		27,200.00		12.36		220,000.00		226,400.00		158,900.00		169,700.00		170,000.00		247,200.00
Less Allowance		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Others		-0.45		-3.93		11.48		8.60		13.06		14.61		28.65		11.03
CREDIT PORTFOLIO		148,906.41		5.50		2,705,473.12		2,643,212.60		2,729,005.31		2,861,502.24		2,914,351.79		2,854,379.53
Local		43,209.62		75.82		56,992.09		60,921.15		60,849.78		75,973.50		100,901.71		100,201.71
Foreign		106,613.79		3.92		2,722,269.86		2,656,078.69		2,742,243.44		2,859,465.51		2,890,516.58		2,828,883.65
Less Allowance		917.00		1.24		73,788.83		73,787.24		74,087.91		73,936.77		77,066.49		74,705.83
Local		242.63		18.96		1,279.69		1,279.69		1,279.69		1,522.31		1,522.31		1,522.31
Foreign		674.37		0.93		72,509.14		72,507.55		72,808.22		72,414.46		75,544.18		73,183.52
INVESTMENT SECURITIES		11,336.43		1.85		614,353.92		613,396.08		616,501.74		615,159.60		615,035.76		625,690.35
Local		-106.00		-0.24		43,776.00		43,586.00		43,960.00		43,572.00		43,708.00		43,670.00
Foreign		11,442.43		2.01		570,577.92		569,810.08		572,541.74		571,587.60		571,327.76		582,020.35
Less Allowance		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
OTHER ASSETS		29,157.75		60.92		47,859.85		47,659.41		50,759.94		41,892.90		48,373.56		77,017.60
Local		836.45		22.45		3,726.64		4,053.24		4,311.42		466.14		3,977.44		4,563.09
Foreign		28,321.31		64.17		44,133.21		43,606.17		46,448.52		41,426.76		44,396.12		72,454.52
TOTAL ASSETS		337,175.42		8.89		3,792,071.95		3,678,856.42		3,758,301.07		3,867,146.98		3,953,585.61		4,129,247.37
DEPOSITS		171,718.28		13.66		1,256,977.97		1,270,196.08		1,355,586.12		1,356,077.64		1,332,000.26		1,428,696.25
Local		19,533.33		17.94		108,876.22		150,861.68		142,864.13		161,372.18		123,432.86		128,409.55
Government		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Customers		41,000.00		0.00		0.00		39,000.00		39,000.00		39,000.00		27,000.00		41,000.00
Demand		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Time		41,000.00		0.00		0.00		39,000.00		39,000.00		39,000.00		27,000.00		41,000.00
Savings		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
From Banks		-21,466.67		-19.72		108,876.22		111,861.68		103,864.13		122,372.18		96,432.86		87,409.55
Demand		33.30		11.16		298.32		298.32		297.76		297.29		354.64		331.62
Time		-21,499.97		-19.80		108,577.90		111,563.37		103,566.36		122,074.90		96,078.22		87,077.93
Foreign		152,184.96		13.26		1,148,101.75		1,119,334.40		1,212,722.00		1,194,705.45		1,208,567.40		1,300,286.70
Government		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Customers		-15,605.96		-85.08		18,343.29		2,365.51		2,180.82		2,317.37		2,234.44		2,737.33
Demand		-606.62		-23.19		2,615.55		1,637.77		1,452.74		1,589.29		1,506.37		2,008.94
Time		-14,999.34		-95.37		15,727.74		727.74		728.08		728.08		728.08		728.40
Savings		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
From Banks		167,790.91		14.85		1,129,758.45		1,116,968.89		1,210,541.18		1,192,388.09		1,206,332.95		1,297,549.37
Demand		-26,187.83		-53.23		49,193.30		39,660.25		44,172.37		35,748.27		34,163.06		23,005.47
Time		193,978.75		17.95		1,080,565.15		1,077,308.64		1,166,368.81		1,156,639.82		1,172,169.89		1,274,543.90
BORROWINGS		139,381.76		7.78		1,792,670.97		1,662,213.88		1,664,236.27		1,775,274.07		1,883,387.61		1,932,052.74
Local		0.00		0.00		0.00		0.00		0.00		102.17		0.00		0.00
Foreign		139,381.76		7.78		1,792,670.97		1,662,213.88		1,664,236.27		1,775,171.91		1,883,387.61		1,932,052.74
OTHER LIABILITIES		17,931.54		14.62		122,625.36		129,561.54		121,811.46		109,946.01		111,682.39		140,556.91
Local		-6,491.11		-61.51		10,552.15		13,964.05		9,040.63		9,379.45		9,007.22		4,061.04
Foreign		24,422.66		21.79		112,073.21		115,597.49		112,770.83		100,566.56		102,675.17		136,495.87
STOCKHOLDERS´ EQUITY		8,143.83		1.31		619,797.64		616,884.91		616,667.23		625,849.26		626,515.36		627,941.47
Capital		1,406.38		0.49		285,198.77		285,340.34		285,484.56		285,959.89		286,428.79		286,605.15
Capital Reserves		0.00		0.00		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15
Other Reserves		-474.14		16.26		-2,916.04		-3,540.36		-3,455.61		-3,658.56		-3,566.67		-3,390.17
Retained Earnings		32,863.11		15.86		207,188.27		245,548.79		240,066.95		240,060.46		240,051.38		240,051.38
Net Income		-23,414.31		-61.04		38,360.52		2,932.30		4,432.91		10,934.82		11,626.04		14,946.21
Gain or Loss in Securities available for sale		-2,237.21		68.96		-3,244.03		-8,606.32		-5,071.75		-2,657.50		-3,234.33		-5,481.25
Subordinated Debt		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
LIABILITIES AND STOCKHOLDER'S EQUITY		337,175.42		8.89		3,792,071.95		3,678,856.42		3,758,301.08		3,867,146.98		3,953,585.61		4,129,247.37

*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).

STATEMENT OF INCOME

BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.

DECEMBER 2009 - MAY 2010
(In Thousand Balboas) *

June 21, 2010

	2009		2010
	December		January		February		March		April		May		June	July	August	September	October	November	December	Year to date
Interest Income		140,201.06		9,581.27		7,640.60		8,585.97		9,625.04		8,677.64									44,110.53
Loans		114,326.15		8,447.84		6,872.64		7,523.07		8,695.31		7,608.76									39,147.63
Deposits		1,260.49		62.20		52.77		69.23		60.59		75.69									320.49
Investments		24,614.43		1,071.23		715.19		993.67		869.14		993.18									4,642.41
Financial Leases		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
Interest Expense		74,969.79		3,752.81		3,269.58		3,568.97		3,350.71		3,398.11									17,340.17
Interest		74,886.82		3,745.36		3,261.10		3,558.69		3,343.68		3,391.57									17,300.40
Commissions		82.97		7.45		8.48		10.28		7.03		6.53									39.77
Net Interest Income		65,231.27		5,828.46		4,371.02		5,017.01		6,274.33		5,279.53									26,770.35
Other Income		24,897.89		653.25		1,282.24		1,614.43		404.80		1,626.20									5,580.93
Commissions		6,483.61		810.68		693.94		738.51		850.15		789.13									3,882.41
Foreign currency operations		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
Other Income		18,414.28		-157.43		588.30		875.92		-445.34		837.07									1,698.52
Operating Income		90,129.16		6,481.72		5,653.26		6,631.44		6,679.13		6,905.73									32,351.29
Operating Expenses		36,937.77		3,549.42		3,851.97		3,896.92		2,858.20		3,816.98									17,973.49
Administrative expenses		19,787.00		1,531.88		1,727.98		2,169.11		1,531.72		1,652.56									8,613.25
General expenses		4,116.70		337.38		325.02		527.35		267.18		376.55									1,833.48
Depreciation		2,559.40		215.34		217.00		217.35		195.02		189.51									1,034.23
Other expenses		10,474.67		1,464.82		1,581.97		983.11		864.28		1,598.36									6,492.53
Net Income before provision for loan losses		53,191.39		2,932.30		1,801.29		2,734.52		3,820.94		3,088.75									14,377.79
Provision for loan losses		14,830.87		0.00		300.67		-3,767.39		3,129.72		-231.43									-568.42
Net Income		38,360.52		2,932.30		1,500.61		6,501.91		691.21		3,320.18									14,946.21

*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).