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, 2014

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 Torre V, 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 14, 2014

	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.

BALANCE DE SITUACION
BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.

DE DICIEMBRE 2012 A DICIEMBRE 2013
(En Miles de Balboas) *

18 de febrero 2014

	Variación				2012		2013
	Absoluta		%		Diciembre		Enero		Febrero		Marzo		Abril		Mayo		Junio		Julio		Agosto		Septiembre		Octubre		Noviembre		Diciembre
ACTIVOS LIQUIDOS		135,553.51		19.27		703,614.10		794,987.92		431,392.25		578,378.26		602,280.00		779,668.89		625,855.32		541,237.53		777,988.99		890,260.45		680,426.59		328,231.84		839,167.61
Depósitos Locales en Bancos		-69.15		-16.74		413.18		367.40		654.74		878.41		975.27		1,526.68		597.84		835.16		467.29		921.22		482.16		212.92		344.03
A la Vista		-69.15		-16.74		413.18		367.40		654.74		878.41		975.27		1,526.68		597.84		835.16		467.29		921.22		482.16		212.92		344.03
A Plazo		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
Depósitos Extranjeros en Bancos		135,624.94		19.29		703,191.21		794,612.22		430,729.56		577,490.28		601,297.20		778,133.59		625,251.02		540,395.04		777,513.41		889,329.94		679,933.97		328,010.78		838,816.16
A la Vista		105,624.94		15.69		673,191.21		724,612.22		350,729.56		507,490.28		521,297.20		718,133.59		565,251.02		540,395.04		777,513.41		844,329.94		634,933.97		283,010.78		778,816.16
A Plazo		30,000.00		100.00		30,000.00		70,000.00		80,000.00		70,000.00		80,000.00		60,000.00		60,000.00		0.00		0.00		45,000.00		45,000.00		45,000.00		60,000.00
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		-2.28		-23.53		9.71		8.29		7.95		9.57		7.53		8.62		6.46		7.33		8.30		9.30		10.46		8.13		7.43
CARTERA CREDITICIA		432,967.40		7.67		5,642,579.86		5,420,311.14		5,447,249.69		5,777,967.75		5,497,397.42		5,514,696.28		5,961,432.80		6,330,107.47		6,217,351.65		6,118,507.59		5,955,991.94		6,252,193.30		6,075,547.26
Locales		40,746.04		14.53		280,433.92		282,516.30		269,186.51		187,624.02		159,787.79		147,098.48		178,496.66		256,706.71		251,639.35		247,179.15		263,249.44		252,219.60		321,179.95
Extranjero		391,996.34		7.21		5,435,122.10		5,210,768.00		5,251,041.95		5,661,151.24		5,408,417.14		5,438,405.31		5,851,092.57		6,141,557.19		6,033,868.74		5,943,386.48		5,765,465.75		6,073,402.21		5,827,118.44
Menos Provisiones		-225.02		-0.31		72,976.16		72,973.17		72,978.77		70,807.51		70,807.51		70,807.51		68,156.43		68,156.43		68,156.43		72,058.04		72,723.25		73,428.51		72,751.13
Locales		1,552.09		101.93		1,522.71		1,611.61		1,414.60		733.62		655.24		679.11		1,038.07		1,533.84		1,842.23		2,240.57		2,530.98		2,203.10		3,074.81
Extranjero		-1,777.12		-2.49		71,453.44		71,361.56		71,564.17		70,073.89		70,152.28		70,128.40		67,118.36		66,622.59		66,314.20		69,817.47		70,192.27		71,225.42		69,676.32
INVERSIONES EN VALORES		118,970.01		35.86		331,747.14		364,332.35		402,067.29		453,014.37		485,848.48		478,293.10		450,009.43		450,723.50		436,242.89		444,063.11		467,718.82		450,741.25		450,717.16
Locales		-20,616.66		-37.94		54,333.30		55,098.22		65,043.00		68,433.46		68,540.72		54,169.69		53,272.81		53,435.53		51,112.19		54,214.13		52,395.19		33,647.37		33,716.64
Extranjero		139,586.67		50.32		277,413.84		309,234.13		337,024.29		384,580.91		417,307.75		424,123.41		396,736.62		397,287.97		385,130.70		389,848.98		415,323.63		417,093.88		417,000.51
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		-9,218.39		-10.82		85,191.63		88,490.68		125,061.05		91,193.61		95,031.81		76,904.94		161,879.64		166,362.58		75,714.87		123,822.19		147,998.78		82,604.84		75,973.24
Locales		-3,414.79		-15.36		22,235.96		22,368.69		22,224.58		22,658.58		22,619.31		19,248.84		17,539.14		19,500.97		18,222.51		20,353.37		20,875.35		21,886.78		18,821.17
Extranjero		-5,803.60		-9.22		62,955.68		66,121.99		102,836.47		68,535.02		72,412.50		57,656.10		144,340.50		146,861.61		57,492.36		103,468.83		127,123.43		60,718.06		57,152.08
TOTAL DE ACTIVOS		678,272.53		10.03		6,763,132.74		6,668,122.08		6,405,770.28		6,900,553.99		6,680,557.71		6,849,563.20		7,199,177.19		7,488,431.08		7,507,298.41		7,576,653.35		7,252,136.13		7,113,771.23		7,441,405.28
DEPOSITOS		43,844.64		1.89		2,317,491.33		2,364,357.27		2,238,450.48		2,591,661.52		2,623,012.89		2,595,969.91		2,773,704.38		2,633,083.54		2,557,961.02		2,814,709.01		2,488,788.73		2,240,696.95		2,361,335.97
Locales		107,674.62		28.12		382,943.61		434,954.78		402,856.08		422,860.86		474,275.15		481,885.79		495,874.29		475,885.01		436,527.67		419,525.62		452,623.82		523,103.90		490,618.23
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		10,044.72		6.70		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,020.00		150,020.00		150,019.35		157,167.14		150,160.98		160,072.45		159,045.28		160,044.72
A la Vista		44.72		0.00		0.00		0.00		0.00		0.00		0.00		20.00		20.00		19.35		167.14		160.98		66.05		44.72		44.72
A Plazo		10,000.00		6.67		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00		157,000.00		150,000.00		160,006.40		159,000.56		160,000.00
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		97,629.90		41.91		232,943.61		284,954.78		252,856.08		272,860.86		324,275.15		331,865.79		345,854.29		325,865.66		279,360.53		269,364.64		292,551.37		364,058.62		330,573.51
A la Vista		-38.51		-71.97		53.51		54.91		40.99		42.41		49.87		38.02		15.09		15.09		15.00		15.00		15.00		15.00		15.00
A Plazo		97,668.40		41.94		232,890.10		284,899.87		252,815.09		272,818.44		324,225.27		331,827.77		345,839.20		325,850.57		279,345.53		269,349.64		292,536.37		364,043.62		330,558.51
Extranjero		-63,829.98		-3.30		1,934,547.72		1,929,402.49		1,835,594.40		2,168,800.67		2,148,737.74		2,114,084.12		2,277,830.09		2,157,198.54		2,121,433.35		2,395,183.38		2,036,164.91		1,717,593.05		1,870,717.74
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		-12,661.05		-22.88		55,325.98		39,413.73		44,501.62		104,833.29		19,822.33		20,611.38		33,368.43		52,170.58		13,095.31		143,269.71		63,236.40		20,104.92		42,664.93
A la Vista		19.00		1.26		1,502.77		1,501.72		1,511.43		1,762.47		6,656.44		7,367.34		3,587.51		3,301.26		4,147.84		4,232.06		4,114.44		3,904.86		1,521.77
A Plazo		-12,680.05		-23.56		53,823.21		37,912.00		42,990.19		103,070.82		13,165.88		13,244.04		29,780.92		48,869.32		8,947.47		139,037.65		59,121.96		16,200.06		41,143.16
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		-51,168.93		-2.72		1,879,221.74		1,889,988.76		1,791,092.78		2,063,967.38		2,128,915.42		2,093,472.74		2,244,461.66		2,105,027.96		2,108,338.04		2,251,913.67		1,972,928.51		1,697,488.13		1,828,052.81
A la Vista		-69,084.41		-52.92		130,550.43		166,501.08		87,549.45		158,193.32		82,626.44		55,663.17		58,896.24		43,435.87		21,650.78		42,747.40		40,465.94		93,622.21		61,466.02
A Plazo		17,915.49		1.02		1,748,671.30		1,723,487.68		1,703,543.33		1,905,774.05		2,046,288.97		2,037,809.57		2,185,565.41		2,061,592.09		2,086,687.26		2,209,166.27		1,932,462.57		1,603,865.92		1,766,586.79
OBLIGACIONES		632,460.54		18.00		3,512,937.07		3,365,678.14		3,213,888.52		3,395,135.01		3,121,620.15		3,345,486.67		3,423,084.80		3,847,242.11		4,031,124.22		3,791,797.45		3,766,810.46		3,952,275.83		4,145,397.61
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		632,460.54		18.00		3,512,937.07		3,365,678.14		3,213,888.52		3,395,135.01		3,121,620.15		3,345,486.67		3,423,084.80		3,847,242.11		4,031,124.22		3,791,797.45		3,766,810.46		3,952,275.83		4,145,397.61
OTROS PASIVOS		-39,883.58		-39.43		101,157.05		100,767.48		109,883.43		63,954.48		87,768.88		57,914.64		154,826.35		161,436.83		63,899.53		105,677.98		130,745.98		48,039.03		61,273.47
Locales		1,051.97		15.98		6,580.98		6,314.37		4,153.61		3,161.85		25,395.87		9,576.64		7,442.79		8,627.31		7,459.21		8,409.18		27,075.34		8,823.27		7,632.95
Extranjero		-40,935.54		-43.28		94,576.07		94,453.11		105,729.82		60,792.63		62,373.00		48,338.00		147,383.57		152,809.52		56,440.32		97,268.79		103,670.64		39,215.76		53,640.53
PATRIMONIO		41,850.93		5.03		831,547.29		837,319.19		843,547.86		849,802.97		848,155.80		850,191.98		847,561.66		846,668.59		854,313.63		864,468.92		865,790.96		872,759.42		873,398.22
Capital		6,671.75		2.15		309,947.29		310,205.64		310,419.97		312,811.80		313,157.64		313,830.76		314,129.35		314,426.46		315,005.26		315,233.48		315,734.37		316,037.61		316,619.03
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		146.24		483.06		30.27		635.73		670.55		316.13		-440.08		-833.16		-1,964.39		-1,537.72		-456.62		-1,964.65		-2,109.03		-1,490.22		176.51
Utilidad de Periodos Anteriores		55,716.55		17.35		321,162.26		425,426.62		425,426.62		425,426.62		413,906.02		413,905.84		413,460.35		401,931.44		401,931.12		401,931.12		390,369.22		390,369.54		376,878.81
Utilidad de Periodo		-9,556.44		-9.17		104,264.37		5,357.32		10,804.53		15,714.41		25,099.54		33,080.49		39,935.47		48,582.42		57,210.46		67,019.66		76,458.71		84,026.79		94,707.92
Ganancia o Perdida en Valores Disponible para la venta		-11,127.17		-1192.67		932.96		483.72		1,016.04		323.85		1,222.53		-5,002.10		-13,209.27		-11,944.18		-14,586.75		-12,960.84		-9,872.48		-11,394.45		-10,194.21
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		678,272.53		10.03		6,763,132.74		6,668,122.08		6,405,770.28		6,900,553.99		6,680,557.71		6,849,563.20		7,199,177.19		7,488,431.08		7,507,298.41		7,576,653.35		7,252,136.13		7,113,771.23		7,441,405.27

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

18 de febrero 2014

	2012		2013
	Diciembre		Enero		Febrero		Marzo		Abril		Mayo		Junio		Julio		Agosto		Septiembre		Octubre		Noviembre		Diciembre		Acumulado
Ingresos Por Intereses		191,557.11		16,766.38		14,883.36		16,690.34		16,467.89		17,018.28		16,995.33		18,390.93		17,952.22		17,940.19		17,078.26		15,924.34		16,894.09		203,001.61
Préstamos		183,215.76		16,231.74		14,330.90		15,966.03		15,666.52		15,903.92		16,092.63		17,473.12		17,086.25		17,076.20		16,120.33		15,048.75		15,982.37		192,978.77
Depósitos		1,875.88		81.26		126.48		87.76		93.22		207.44		116.31		133.71		98.70		145.12		181.21		127.16		127.35		1,525.71
Inversiones		6,465.48		453.38		425.99		636.55		708.15		906.92		786.39		784.10		767.28		718.87		776.72		748.42		784.37		8,497.13
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		87,437.11		8,685.97		6,640.41		7,058.82		8,188.60		6,917.28		5,903.45		6,154.82		6,384.94		6,138.50		6,104.93		5,888.56		6,404.53		80,470.80
Intereses Pagados		87,350.68		8,678.69		6,631.17		7,045.40		8,181.34		6,908.31		5,894.13		6,138.42		6,377.43		6,131.43		6,097.70		5,881.45		6,400.78		80,366.24
Comisiones		86.43		7.28		9.24		13.42		7.26		8.98		9.32		16.40		7.51		7.07		7.23		7.11		3.75		104.56
Ingreso Neto de Intereses		104,120.00		8,080.41		8,242.95		9,631.51		8,279.29		10,101.00		11,091.88		12,236.11		11,567.28		11,801.69		10,973.34		10,035.78		10,489.56		122,530.81
Otros Ingresos		181,461.75		3,650.21		8,506.98		11,697.84		13,483.01		26,962.42		12,775.70		10,277.94		17,936.48		16,829.99		7,476.68		9,967.89		7,147.43		146,712.58
Comisiones		10,090.68		604.05		661.02		1,138.37		611.67		1,196.32		1,048.19		1,422.68		1,088.18		1,269.29		2,309.35		866.80		1,516.32		13,732.24
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		171,371.07		3,046.16		7,845.96		10,559.48		12,871.34		25,766.10		11,727.51		8,855.26		16,848.30		15,560.70		5,167.32		9,101.09		5,631.11		132,980.34
Ingresos de Operaciones		285,581.76		11,730.63		16,749.93		21,329.36		21,762.30		37,063.42		23,867.58		22,514.06		29,503.76		28,631.68		18,450.01		20,003.67		17,636.99		269,243.39
Egresos Generales		193,706.10		6,373.30		11,302.72		16,154.20		12,377.18		29,082.47		14,551.90		13,867.10		20,875.72		20,057.09		9,010.96		12,435.58		9,664.60		175,752.84
Gastos Administrativos		33,312.79		1,913.38		1,930.37		1,985.90		2,610.82		2,871.23		3,134.31		2,628.11		2,753.82		3,121.67		2,632.57		2,656.10		2,715.02		30,953.30
Gastos Generales		6,706.34		437.37		522.19		516.94		541.57		514.61		494.08		724.91		501.87		397.54		721.31		407.57		746.14		6,526.09
Gastos de Depreciación		2,195.71		229.48		228.72		230.94		231.21		223.17		197.31		224.76		223.92		223.92		219.97		220.18		215.96		2,669.53
Otros Gastos		151,491.26		3,793.08		8,621.43		13,420.43		8,993.58		25,473.45		10,726.21		10,289.33		17,396.11		16,313.96		5,437.12		9,151.73		5,987.47		135,603.91
Utilidad antes de Provisiones		91,875.66		5,357.32		5,447.21		5,175.15		9,385.13		7,980.95		9,315.68		8,646.95		8,628.04		8,574.59		9,439.05		7,568.08		7,972.39		93,490.55
Provisiones por Cuentas Malas		-12,388.71		0.00		0.00		265.27		0.00		0.00		2,460.69		0.00		0.00		-1,234.61		0.00		0.00		-2,708.73		-1,217.37
Utilidad del Periodo		104,264.37		5,357.32		5,447.21		4,909.88		9,385.13		7,980.95		6,854.98		8,646.95		8,628.04		9,809.20		9,439.05		7,568.08		10,681.13		94,707.92

*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.

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

February 18, 2014

					2012		2013
	Absolute Variation		%		December		January		February		March		April		May		June		July		August		September		October		November		December
LIQUID ASSETS		135,553.51		19.27		703,614.10		794,987.92		431,392.25		578,378.26		602,280.00		779,668.89		625,855.32		541,237.53		777,988.99		890,260.45		680,426.59		328,231.84		839,167.61
Local Deposits in Banks		-69.15		-16.74		413.18		367.40		654.74		878.41		975.27		1,526.68		597.84		835.16		467.29		921.22		482.16		212.92		344.03
Demand		-69.15		-16.74		413.18		367.40		654.74		878.41		975.27		1,526.68		597.84		835.16		467.29		921.22		482.16		212.92		344.03
Time		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 Deposits in Banks		135,624.94		19.29		703,191.21		794,612.22		430,729.56		577,490.28		601,297.20		778,133.59		625,251.02		540,395.04		777,513.41		889,329.94		679,933.97		328,010.78		838,816.16
Demand		105,624.94		15.69		673,191.21		724,612.22		350,729.56		507,490.28		521,297.20		718,133.59		565,251.02		540,395.04		777,513.41		844,329.94		634,933.97		283,010.78		778,816.16
Time		30,000.00		100.00		30,000.00		70,000.00		80,000.00		70,000.00		80,000.00		60,000.00		60,000.00		0.00		0.00		45,000.00		45,000.00		45,000.00		60,000.00
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		-2.28		-23.53		9.71		8.29		7.95		9.57		7.53		8.62		6.46		7.33		8.30		9.30		10.46		8.13		7.43
CREDIT PORTFOLIO		432,967.40		7.67		5,642,579.86		5,420,311.14		5,447,249.69		5,777,967.75		5,497,397.42		5,514,696.28		5,961,432.80		6,330,107.47		6,217,351.65		6,118,507.59		5,955,991.94		6,252,193.30		6,075,547.26
Local		40,746.04		14.53		280,433.92		282,516.30		269,186.51		187,624.02		159,787.79		147,098.48		178,496.66		256,706.71		251,639.35		247,179.15		263,249.44		252,219.60		321,179.95
Foreign		391,996.34		7.21		5,435,122.10		5,210,768.00		5,251,041.95		5,661,151.24		5,408,417.14		5,438,405.31		5,851,092.57		6,141,557.19		6,033,868.74		5,943,386.48		5,765,465.75		6,073,402.21		5,827,118.44
Less Allowance		-225.02		-0.31		72,976.16		72,973.17		72,978.77		70,807.51		70,807.51		70,807.51		68,156.43		68,156.43		68,156.43		72,058.04		72,723.25		73,428.51		72,751.13
Local		1,552.09		101.93		1,522.71		1,611.61		1,414.60		733.62		655.24		679.11		1,038.07		1,533.84		1,842.23		2,240.57		2,530.98		2,203.10		3,074.81
Foreign		-1,777.12		-2.49		71,453.44		71,361.56		71,564.17		70,073.89		70,152.28		70,128.40		67,118.36		66,622.59		66,314.20		69,817.47		70,192.27		71,225.42		69,676.32
INVESTMENT SECURITIES		118,970.01		35.86		331,747.14		364,332.35		402,067.29		453,014.37		485,848.48		478,293.10		450,009.43		450,723.50		436,242.89		444,063.11		467,718.82		450,741.25		450,717.16
Local		-20,616.66		-37.94		54,333.30		55,098.22		65,043.00		68,433.46		68,540.72		54,169.69		53,272.81		53,435.53		51,112.19		54,214.13		52,395.19		33,647.37		33,716.64
Foreign		139,586.67		50.32		277,413.84		309,234.13		337,024.29		384,580.91		417,307.75		424,123.41		396,736.62		397,287.97		385,130.70		389,848.98		415,323.63		417,093.88		417,000.51
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		-9,218.39		-10.82		85,191.63		88,490.68		125,061.05		91,193.61		95,031.81		76,904.94		161,879.64		166,362.58		75,714.87		123,822.19		147,998.78		82,604.84		75,973.24
Local		-3,414.79		-15.36		22,235.96		22,368.69		22,224.58		22,658.58		22,619.31		19,248.84		17,539.14		19,500.97		18,222.51		20,353.37		20,875.35		21,886.78		18,821.17
Foreign		-5,803.60		-9.22		62,955.68		66,121.99		102,836.47		68,535.02		72,412.50		57,656.10		144,340.50		146,861.61		57,492.36		103,468.83		127,123.43		60,718.06		57,152.08
TOTAL ASSETS		678,272.53		10.03		6,763,132.74		6,668,122.08		6,405,770.28		6,900,553.99		6,680,557.71		6,849,563.20		7,199,177.19		7,488,431.08		7,507,298.41		7,576,653.35		7,252,136.13		7,113,771.23		7,441,405.28
DEPOSITS		43,844.64		1.89		2,317,491.33		2,364,357.27		2,238,450.48		2,591,661.52		2,623,012.89		2,595,969.91		2,773,704.38		2,633,083.54		2,557,961.02		2,814,709.01		2,488,788.73		2,240,696.95		2,361,335.97
Local		107,674.62		28.12		382,943.61		434,954.78		402,856.08		422,860.86		474,275.15		481,885.79		495,874.29		475,885.01		436,527.67		419,525.62		452,623.82		523,103.90		490,618.23
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		10,044.72		6.70		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,020.00		150,020.00		150,019.35		157,167.14		150,160.98		160,072.45		159,045.28		160,044.72
Demand		44.72		0.00		0.00		0.00		0.00		0.00		0.00		20.00		20.00		19.35		167.14		160.98		66.05		44.72		44.72
Time		10,000.00		6.67		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00		150,000.00		157,000.00		150,000.00		160,006.40		159,000.56		160,000.00
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		97,629.90		41.91		232,943.61		284,954.78		252,856.08		272,860.86		324,275.15		331,865.79		345,854.29		325,865.66		279,360.53		269,364.64		292,551.37		364,058.62		330,573.51
Demand		-38.51		-71.97		53.51		54.91		40.99		42.41		49.87		38.02		15.09		15.09		15.00		15.00		15.00		15.00		15.00
Time		97,668.40		41.94		232,890.10		284,899.87		252,815.09		272,818.44		324,225.27		331,827.77		345,839.20		325,850.57		279,345.53		269,349.64		292,536.37		364,043.62		330,558.51
Foreign		-63,829.98		-3.30		1,934,547.72		1,929,402.49		1,835,594.40		2,168,800.67		2,148,737.74		2,114,084.12		2,277,830.09		2,157,198.54		2,121,433.35		2,395,183.38		2,036,164.91		1,717,593.05		1,870,717.74
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		-12,661.05		-22.88		55,325.98		39,413.73		44,501.62		104,833.29		19,822.33		20,611.38		33,368.43		52,170.58		13,095.31		143,269.71		63,236.40		20,104.92		42,664.93
Demand		19.00		1.26		1,502.77		1,501.72		1,511.43		1,762.47		6,656.44		7,367.34		3,587.51		3,301.26		4,147.84		4,232.06		4,114.44		3,904.86		1,521.77
Time		-12,680.05		-23.56		53,823.21		37,912.00		42,990.19		103,070.82		13,165.88		13,244.04		29,780.92		48,869.32		8,947.47		139,037.65		59,121.96		16,200.06		41,143.16
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		-51,168.93		-2.72		1,879,221.74		1,889,988.76		1,791,092.78		2,063,967.38		2,128,915.42		2,093,472.74		2,244,461.66		2,105,027.96		2,108,338.04		2,251,913.67		1,972,928.51		1,697,488.13		1,828,052.81
Demand		-69,084.41		-52.92		130,550.43		166,501.08		87,549.45		158,193.32		82,626.44		55,663.17		58,896.24		43,435.87		21,650.78		42,747.40		40,465.94		93,622.21		61,466.02
Time		17,915.49		1.02		1,748,671.30		1,723,487.68		1,703,543.33		1,905,774.05		2,046,288.97		2,037,809.57		2,185,565.41		2,061,592.09		2,086,687.26		2,209,166.27		1,932,462.57		1,603,865.92		1,766,586.79
BORROWINGS		632,460.54		18.00		3,512,937.07		3,365,678.14		3,213,888.52		3,395,135.01		3,121,620.15		3,345,486.67		3,423,084.80		3,847,242.11		4,031,124.22		3,791,797.45		3,766,810.46		3,952,275.83		4,145,397.61
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		632,460.54		18.00		3,512,937.07		3,365,678.14		3,213,888.52		3,395,135.01		3,121,620.15		3,345,486.67		3,423,084.80		3,847,242.11		4,031,124.22		3,791,797.45		3,766,810.46		3,952,275.83		4,145,397.61
OTHER LIABILITIES		-39,883.58		-39.43		101,157.05		100,767.48		109,883.43		63,954.48		87,768.88		57,914.64		154,826.35		161,436.83		63,899.53		105,677.98		130,745.98		48,039.03		61,273.47
Local		1,051.97		15.98		6,580.98		6,314.37		4,153.61		3,161.85		25,395.87		9,576.64		7,442.79		8,627.31		7,459.21		8,409.18		27,075.34		8,823.27		7,632.95
Foreign		-40,935.54		-43.28		94,576.07		94,453.11		105,729.82		60,792.63		62,373.00		48,338.00		147,383.57		152,809.52		56,440.32		97,268.79		103,670.64		39,215.76		53,640.53
STOCKHOLDERS´ EQUITY		41,850.93		5.03		831,547.29		837,319.19		843,547.86		849,802.97		848,155.80		850,191.98		847,561.66		846,668.59		854,313.63		864,468.92		865,790.96		872,759.42		873,398.22
Capital		6,671.75		2.15		309,947.29		310,205.64		310,419.97		312,811.80		313,157.64		313,830.76		314,129.35		314,426.46		315,005.26		315,233.48		315,734.37		316,037.61		316,619.03
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		146.24		483.06		30.27		635.73		670.55		316.13		-440.08		-833.16		-1,964.39		-1,537.72		-456.62		-1,964.65		-2,109.03		-1,490.22		176.51
Retained Earnings		55,716.55		17.35		321,162.26		425,426.62		425,426.62		425,426.62		413,906.02		413,905.84		413,460.35		401,931.44		401,931.12		401,931.12		390,369.22		390,369.54		376,878.81
Net Income		-9,556.44		-9.17		104,264.37		5,357.32		10,804.53		15,714.41		25,099.54		33,080.49		39,935.47		48,582.42		57,210.46		67,019.66		76,458.71		84,026.79		94,707.92
Gain or Loss in Securities available for sale		-11,127.17		-1,192.67		932.96		483.72		1,016.04		323.85		1,222.53		-5,002.10		-13,209.27		-11,944.18		-14,586.75		-12,960.84		-9,872.48		-11,394.45		-10,194.21
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		678,272.53		10.03		6,763,132.74		6,668,122.08		6,405,770.28		6,900,553.99		6,680,557.71		6,849,563.20		7,199,177.19		7,488,431.08		7,507,298.41		7,576,653.35		7,252,136.13		7,113,771.23		7,441,405.27

*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 2012 - DECEMBER 2013
(In Thousand Balboas) *

February 18, 2014

	2012		2013
	December		January		February		March		April		May		June		July		August		September		October		November		December		Year to date
Interest Income		191,557.11		16,766.38		14,883.36		16,690.34		16,467.89		17,018.28		16,995.33		18,390.93		17,952.22		17,940.19		17,078.26		15,924.34		16,894.09		203,001.61
Loans		183,215.76		16,231.74		14,330.90		15,966.03		15,666.52		15,903.92		16,092.63		17,473.12		17,086.25		17,076.20		16,120.33		15,048.75		15,982.37		192,978.77
Deposits		1,875.88		81.26		126.48		87.76		93.22		207.44		116.31		133.71		98.70		145.12		181.21		127.16		127.35		1,525.71
Investments		6,465.48		453.38		425.99		636.55		708.15		906.92		786.39		784.10		767.28		718.87		776.72		748.42		784.37		8,497.13
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		87,437.11		8,685.97		6,640.41		7,058.82		8,188.60		6,917.28		5,903.45		6,154.82		6,384.94		6,138.50		6,104.93		5,888.56		6,404.53		80,470.80
Interest		87,350.68		8,678.69		6,631.17		7,045.40		8,181.34		6,908.31		5,894.13		6,138.42		6,377.43		6,131.43		6,097.70		5,881.45		6,400.78		80,366.24
Commissions		86.43		7.28		9.24		13.42		7.26		8.98		9.32		16.40		7.51		7.07		7.23		7.11		3.75		104.56
Net Interest Income		104,120.00		8,080.41		8,242.95		9,631.51		8,279.29		10,101.00		11,091.88		12,236.11		11,567.28		11,801.69		10,973.34		10,035.78		10,489.56		122,530.81
Other Income		181,461.75		3,650.21		8,506.98		11,697.84		13,483.01		26,962.42		12,775.70		10,277.94		17,936.48		16,829.99		7,476.68		9,967.89		7,147.43		146,712.58
Commissions		10,090.68		604.05		661.02		1,138.37		611.67		1,196.32		1,048.19		1,422.68		1,088.18		1,269.29		2,309.35		866.80		1,516.32		13,732.24
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		171,371.07		3,046.16		7,845.96		10,559.48		12,871.34		25,766.10		11,727.51		8,855.26		16,848.30		15,560.70		5,167.32		9,101.09		5,631.11		132,980.34
Operating Income		285,581.76		11,730.63		16,749.93		21,329.36		21,762.30		37,063.42		23,867.58		22,514.06		29,503.76		28,631.68		18,450.01		20,003.67		17,636.99		269,243.39
Operating Expenses		193,706.10		6,373.30		11,302.72		16,154.20		12,377.18		29,082.47		14,551.90		13,867.10		20,875.72		20,057.09		9,010.96		12,435.58		9,664.60		175,752.84
Administrative expenses		33,312.79		1,913.38		1,930.37		1,985.90		2,610.82		2,871.23		3,134.31		2,628.11		2,753.82		3,121.67		2,632.57		2,656.10		2,715.02		30,953.30
General expenses		6,706.34		437.37		522.19		516.94		541.57		514.61		494.08		724.91		501.87		397.54		721.31		407.57		746.14		6,526.09
Depreciation		2,195.71		229.48		228.72		230.94		231.21		223.17		197.31		224.76		223.92		223.92		219.97		220.18		215.96		2,669.53
Other expenses		151,491.26		3,793.08		8,621.43		13,420.43		8,993.58		25,473.45		10,726.21		10,289.33		17,396.11		16,313.96		5,437.12		9,151.73		5,987.47		135,603.91
Net Income before provision for loan losses		91,875.66		5,357.32		5,447.21		5,175.15		9,385.13		7,980.95		9,315.68		8,646.95		8,628.04		8,574.59		9,439.05		7,568.08		7,972.39		93,490.55
Provision for loan losses		-12,388.71		0.00		0.00		265.27		0.00		0.00		2,460.69		0.00		0.00		-1,234.61		0.00		0.00		-2,708.73		-1,217.37
Net Income		104,264.37		5,357.32		5,447.21		4,909.88		9,385.13		7,980.95		6,854.98		8,646.95		8,628.04		9,809.20		9,439.05		7,568.08		10,681.13		94,707.92

*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).