Edgar Filing: LATIN AMERICAN EXPORT BANK

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 June, 2007

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 0819-08730

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 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.

June 18, 2007


	Banco Latinoamericano de Exportaciones, S.A.

	By:	/s/ Pedro Toll

		Name: Pedro Toll Title: Deputy Manager

BANCO LATINOAMERICANO DE EXPORTACIONES

BALANCE DE SITUACIÓN DE DICIEMBRE 2006 Y ENERO - ABRIL 2007

(En Balboas)

31 de Mayo de 2007

					2006		2007
Descripción	Absoluta		%		Diciembre		Enero		Febrero		Marzo
ACTIVOS LIQUIDOS		-180,951,676.58		-59.59		303,650,422.83		216,202,094.20		242,982,598.61		229,046,233.80
Depositos Locales en Bancos		-9,828.33		-5.65		173,891.04		171,541.89		211,225.69		198,143.77
A la Vista		-9,828.33		-5.65		173,891.04		171,541.89		211,225.69		198,143.77
A Plazo		0.00		0.00		0.00		0.00		0.00		0.00
Depositos Extranjeros en Bancos		-181,095,665.97		-59.68		303,465,330.82		216,015,706.64		242,755,699.36		228,836,963.32
A la Vista		-2,695,665.97		-60.37		4,465,330.82		2,715,706.64		1,255,699.36		30,836,963.32
A Plazo		-178,400,000.00		-59.67		299,000,000.00		213,300,000.00		241,500,000.00		198,000,000.00
Menos Provisiones		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
Extranjero		0.00		0.00		0.00		0.00		0.00		0.00
Otros		153,817.72		1,373.25		11,200.97		14,845.67		15,673.56		11,126.71
CARTERA CREDITICIA		277,355,408.65		9.47		2,929,506,047.77		3,036,256,324.76		3,027,768,900.81		3,245,204,307.99
Locales		-52,201,908.03		-26.93		193,815,776.27		190,803,578.31		185,116,953.31		158,897,133.10
Extranjero		334,904,699.63		12.02		2,786,955,793.50		2,896,713,920.80		2,893,913,101.85		3,142,920,079.84
Menos Provisiones		5,347,382.95		10.43		51,265,522.00		51,261,174.35		51,261,154.35		56,612,904.95
Locales		-100,493.44		-11.02		911,727.70		911,727.70		911,727.70		811,234.26
Extranjero		5,447,876.39		10.82		50,353,794.30		50,349,446.65		50,349,426.65		55,801,670.69
INVERSIONES EN VALORES		-270,436,759.21		-46.82		577,658,363.67		391,817,270.05		380,907,417.40		632,092,664.10
Locales		121,000.00		0.61		19,922,400.00		19,804,200.00		20,027,600.00		20,085,000.00
Extranjero		-270,557,759.21		-48.51		557,735,963.67		372,013,070.05		360,879,817.40		612,007,664.10
Menos Provisiones		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
Extranjero		0.00		0.00		0.00		0.00		0.00		0.00
OTROS ACTIVOS		-49,214,632.75		-41.81		117,717,130.43		116,329,379.94		97,215,886.49		78,834,911.65
Locales		-12,040,393.47		-68.35		17,614,809.32		20,511,965.87		10,276,743.98		5,315,339.04
Extranjero		-37,174,239.28		-37.14		100,102,321.11		95,817,414.07		86,939,142.51		73,519,572.61
TOTAL DE ACTIVOS		-223,247,659.89		-5.68		3,928,531,964.70		3,760,605,068.95		3,748,874,803.31		4,185,178,117.54
DEPOSITOS		226,886,053.54		21.47		1,056,674,083.42		1,169,378,225.85		1,222,705,231.77		1,380,142,876.22
Locales		54,706,072.07		38.93		140,528,292.38		151,114,593.65		149,223,722.63		188,400,415.96
Oficiales		0.00		0.00		0.00		0.00		0.00		0.00
De Particulares		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		0.00		0.00		0.00		0.00		0.00		0.00
A Plazo		0.00		0.00		0.00		0.00		0.00		0.00
De Ahorros		0.00		0.00		0.00		0.00		0.00		0.00
De Bancos		54,706,072.07		38.93		140,528,292.38		151,114,593.65		149,223,722.63		188,400,415.96
A la Vista		-2,533,974.65		-20.45		12,390,382.81		9,751,662.28		13,366,002.78		10,542,777.13
A Plazo		57,240,046.72		44.67		128,137,909.57		141,362,931.37		135,857,719.85		177,857,638.83
Extranjero		172,179,981.47		18.79		916,145,791.04		1,018,263,632.20		1,073,481,509.14		1,191,742,460.26
Oficiales		0.00		0.00		0.00		0.00		0.00		0.00
De Particulares		65,042,615.20		171.87		37,843,681.20		98,076,330.45		99,415,948.70		100,671,771.92
A la Vista		242,615.20		12.03		2,016,181.20		2,248,830.45		1,738,448.70		1,744,271.92
A Plazo		64,800,000.00		180.87		35,827,500.00		95,827,500.00		97,677,500.00		98,927,500.00
De Ahorros		0.00		0.00		0.00		0.00		0.00		0.00
De Bancos		107,137,366.27		12.20		878,302,109.84		920,187,301.75		974,065,560.44		1,091,070,688.34
A la Vista		-74,062,843.25		-62.70		118,120,039.83		82,782,206.23		95,490,878.75		90,198,396.99
A Plazo		181,200,209.52		23.84		760,182,070.01		837,405,095.52		878,574,681.69		1,000,872,291.35
OBLIGACIONES		-404,198,069.04		-18.74		2,156,397,179.46		1,881,473,358.26		1,831,833,854.46		2,128,903,579.48
Locales		0.00		0.00		30,000,000.00		30,000,000.00		31,868,459.90		30,000,000.00
Extranjero		-404,198,069.04		-19.01		2,126,397,179.46		1,851,473,358.26		1,799,965,394.56		2,098,903,579.48
OTROS PASIVOS		-55,303,602.25		-42.59		129,840,855.71		120,909,042.64		102,899,898.91		86,564,035.26
Locales		-18,874,808.16		-77.32		24,411,519.37		11,702,379.03		10,338,688.73		8,310,708.32
Extranjero		-36,428,794.09		-34.55		105,429,336.34		109,206,663.61		92,561,210.18		78,253,326.94
PATRIMONIO		9,367,957.87		1.60		585,619,846.11		588,844,442.19		591,435,818.14		589,567,626.62
Capital		235,756.52		0.08		280,157,273.47		280,212,949.00		280,263,236.58		280,318,912.11
Reservas de Capital		0.00		0.00		95,210,153.67		95,210,153.67		95,210,153.67		95,210,153.67
Otras Reservas		-3,821.41		5.27		-72,504.59		68,218.00		22,274.00		-58,735.00
Utilidad de Periodos Anteriores		46,727,670.05		30.70		152,204,116.93		207,009,182.67		206,924,182.67		198,931,786.98
Utilidad de Periodo		-34,871,464.63		-63.73		54,720,070.12		6,125,153.63		8,967,061.66		12,674,036.97
Ganancia o Perdida en Valores Disponible para la venta		-2,720,182.66		-79.99		3,400,736.51		218,785.22		48,909.56		2,491,471.89
Deuda Subordinada		0.00		0.00		0.00		0.00		0.00		0.00
PASIVO Y PATRIMONIO		-223,247,659.88		-5.68		3,928,531,964.70		3,760,605,068.94		3,748,874,803.28		4,185,178,117.58

	2007
Descripción	Abril		Mayo		Junio		Julio		Agosto		Septiembre		Octubre		Noviembre		Diciembre
ACTIVOS LIQUIDOS		122,698,746.25		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Depositos Locales en Bancos		164,062.71		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		164,062.71		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A Plazo		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Depositos Extranjeros en Bancos		122,369,664.85		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		1,769,664.85		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A Plazo		120,600,000.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Menos Provisiones		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
Extranjero		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Otros		165,018.69		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
CARTERA CREDITICIA		3,206,861,456.42		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		141,613,868.24		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		3,121,860,493.13		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Menos Provisiones		56,612,904.95		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		811,234.26		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		55,801,670.69		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
INVERSIONES EN VALORES		307,221,604.46		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		20,043,400.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		287,178,204.46		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Menos Provisiones		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
Extranjero		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
OTROS ACTIVOS		68,502,497.68		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		5,574,415.85		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		62,928,081.83		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
TOTAL DE ACTIVOS		3,705,284,304.81		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
DEPOSITOS		1,283,560,136.96		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		195,234,364.45		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Oficiales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Particulares		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A Plazo		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Ahorros		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Bancos		195,234,364.45		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		9,856,408.16		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A Plazo		185,377,956.29		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		1,088,325,772.51		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Oficiales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Particulares		102,886,296.40		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		2,258,796.40		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A Plazo		100,627,500.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Ahorros		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Bancos		985,439,476.11		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		44,057,196.58		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A Plazo		941,382,279.53		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
OBLIGACIONES		1,752,199,110.42		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		30,000,000.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		1,722,199,110.42		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
OTROS PASIVOS		74,537,253.46		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		5,536,711.21		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		69,000,542.25		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
PATRIMONIO		594,987,803.98		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Capital		280,393,029.99		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Reservas de Capital		95,210,153.67		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Otras Reservas		-76,326.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Utilidad de Periodos Anteriores		198,931,786.98		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Utilidad de Periodo		19,848,605.49		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Ganancia o Perdida en Valores Disponible para la venta		680,553.85		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Deuda Subordinada		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
PASIVO Y PATRIMONIO		3,705,284,304.82		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

ESTADO DE RESULTADO

BANCO LATINOAMERICANO DE EXPORTACIONES, S.A.

ENERO - ABRIL 2007

(En Balboas)

31 de Mayo de 2007

Descripcion	Enero		Febrero		Marzo		Trimestre I		Abril		Mayo		Junio		Trimestre II
Ingresos Por Intereses		19,655,049.68		17,737,463.67		20,683,853.26		58,076,366.61		20,058,754.09		0.00		0.00		20,058,754.09
Préstamos		16,952,273.81		15,700,845.01		17,395,096.07		50,048,214.89		17,561,997.10		0.00		0.00		17,561,997.10
Depósitos		868,382.96		769,848.68		996,685.10		2,634,916.74		930,193.10		0.00		0.00		930,193.10
Inversiones		1,834,392.91		1,266,769.98		2,292,072.09		5,393,234.98		1,566,563.89		0.00		0.00		1,566,563.89
Egresos de Operaciones		14,530,876.98		12,967,599.32		15,468,817.28		42,967,293.58		15,028,135.92		0.00		0.00		15,028,135.92
Intereses Pagados		14,529,189.99		12,965,836.71		15,461,564.58		42,956,591.28		15,022,210.56		0.00		0.00		15,022,210.56
Comisiones		1,686.99		1,762.61		7,252.70		10,702.30		5,925.36		0.00		0.00		5,925.36
Ingreso Neto de Intereses		5,124,172.70		4,769,864.35		5,215,035.98		15,109,073.03		5,030,618.17		0.00		0.00		5,030,618.17
Otros Ingresos		3,252,247.96		263,977.66		-5,382.34		3,510,843.28		3,971,172.09		0.00		0.00		3,971,172.09
Comisiones		532,215.31		345,294.45		369,807.89		1,247,317.65		339,094.38		0.00		0.00		339,094.38
Operaciones con Divisas		-31,867.58		-61,017.34		101,256.36		8,371.44		-27,051.00		0.00		0.00		-27,051.00
Otros ingresos		2,751,900.23		-20,299.45		-476,446.59		2,255,154.19		3,659,128.71		0.00		0.00		3,659,128.71
Ingresos de Operaciones		8,376,420.66		5,033,842.01		5,209,653.64		18,619,916.31		9,001,790.26		0.00		0.00		9,001,790.26
Egresos Generales		2,251,267.03		2,191,933.98		-3,851,437.28		591,763.73		1,827,221.74		0.00		0.00		1,827,221.74
Gastos Administrativos		1,389,320.94		1,152,761.57		1,378,644.88		3,920,727.39		876,276.06		0.00		0.00		876,276.06
Gastos Generales		230,861.37		393,847.95		424,127.86		1,048,837.18		423,230.11		0.00		0.00		423,230.11
Gastos de Depreciación		228,406.64		164,173.56		213,327.01		605,907.21		202,702.28		0.00		0.00		202,702.28
Otros Gastos		402,678.08		481,150.90		-5,867,537.03		-4,983,708.05		325,013.29		0.00		0.00		325,013.29
Utilidad antes de Provisiones		6,125,153.63		2,841,908.03		9,061,090.92		18,028,152.58		7,174,568.52		0.00		0.00		7,174,568.52
Provisiones por Cuentas Malas		0.00		0.00		5,354,115.61		5,354,115.61		0.00		0.00		0.00		0.00
Utilidad del Periodo		6,125,153.63		2,841,908.03		3,706,975.31		12,674,036.97		7,174,568.52		0.00		0.00		7,174,568.52

Descripcion	Julio		Agosto		Septiembre		Trimestre III		Octubre		Noviembre		Diciembre		Trimestre IV		Acumulado Anual
Ingresos Por Intereses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		78,135,120.70
Préstamos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		67,610,211.99
Depósitos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		3,565,109.84
Inversiones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		6,959,798.87
Egresos de Operaciones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		57,995,429.50
Intereses Pagados		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		57,978,801.84
Comisiones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		16,627.66
Ingreso Neto de Intereses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		20,139,691.20
Otros Ingresos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		7,482,015.37
Comisiones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,586,412.03
Operaciones con Divisas		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		-18,679.56
Otros ingresos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		5,914,282.90
Ingresos de Operaciones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		27,621,706.57
Egresos Generales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		2,418,985.47
Gastos Administrativos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		4,797,003.45
Gastos Generales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,472,067.29
Gastos de Depreciación		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		808,609.49
Otros Gastos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		-4,658,694.76
Utilidad antes de Provisiones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		25,202,721.10
Provisiones por Cuentas Malas		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		5,354,115.61
Utilidad del Periodo		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		19,848,605.49

BANCO LATINOAMERICANO DE EXPORTACIONES

BALANCE SHEETS* DECEMBER 2006 AND JANUARY - APRIL 2007

(In Balboas)**

May 31, 2007

					2006		2007
Descripción	Absolute		%		December		January		February		March
LIQUID ASSETS		-180,951,676.58		-59.59		303,650,422.83		216,202,094.20		242,982,598.61		229,046,233.80
Local Deposits in Banks		-9,828.33		-5.65		173,891.04		171,541.89		211,225.69		198,143.77
Demand		-9,828.33		-5.65		173,891.04		171,541.89		211,225.69		198,143.77
Time		0.00		0.00		0.00		0.00		0.00		0.00
Foreign Deposits in Banks		-181,095,665.97		-59.68		303,465,330.82		216,015,706.64		242,755,699.36		228,836,963.32
Demand		-2,695,665.97		-60.37		4,465,330.82		2,715,706.64		1,255,699.36		30,836,963.32
Time		-178,400,000.00		-59.67		299,000,000.00		213,300,000.00		241,500,000.00		198,000,000.00
Less Allowance		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
Foreign		0.00		0.00		0.00		0.00		0.00		0.00
Others		153,817.72		1,373.25		11,200.97		14,845.67		15,673.56		11,126.71
CREDIT PORTFOLIO		277,355,408.65		9.47		2,929,506,047.77		3,036,256,324.76		3,027,768,900.81		3,245,204,307.99
Local		-52,201,908.03		-26.93		193,815,776.27		190,803,578.31		185,116,953.31		158,897,133.10
Foreign		334,904,699.63		12.02		2,786,955,793.50		2,896,713,920.80		2,893,913,101.85		3,142,920,079.84
Less Allowance		5,347,382.95		10.43		51,265,522.00		51,261,174.35		51,261,154.35		56,612,904.95
Local		-100,493.44		-11.02		911,727.70		911,727.70		911,727.70		811,234.26
Foreign		5,447,876.39		10.82		50,353,794.30		50,349,446.65		50,349,426.65		55,801,670.69
INVESTMENT SECURITIES		-270,436,759.21		-46.82		577,658,363.67		391,817,270.05		380,907,417.40		632,092,664.10
Local		121,000.00		0.61		19,922,400.00		19,804,200.00		20,027,600.00		20,085,000.00
Foreign		-270,557,759.21		-48.51		557,735,963.67		372,013,070.05		360,879,817.40		612,007,664.10
Less Allowance		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
Foreign		0.00		0.00		0.00		0.00		0.00		0.00
OTHER ASSETS		-49,214,632.75		-41.81		117,717,130.43		116,329,379.94		97,215,886.49		78,834,911.65
Local		-12,040,393.47		-68.35		17,614,809.32		20,511,965.87		10,276,743.98		5,315,339.04
Foreign		-37,174,239.28		-37.14		100,102,321.11		95,817,414.07		86,939,142.51		73,519,572.61
TOTAL ASSETS		-223,247,659.89		-5.68		3,928,531,964.70		3,760,605,068.95		3,748,874,803.31		4,185,178,117.54
DEPOSITS		226,886,053.54		21.47		1,056,674,083.42		1,169,378,225.85		1,222,705,231.77		1,380,142,876.22
Local		54,706,072.07		38.93		140,528,292.38		151,114,593.65		149,223,722.63		188,400,415.96
Government		0.00		0.00		0.00		0.00		0.00		0.00
Customers		0.00		0.00		0.00		0.00		0.00		0.00
Demand		0.00		0.00		0.00		0.00		0.00		0.00
Time		0.00		0.00		0.00		0.00		0.00		0.00
Savings		0.00		0.00		0.00		0.00		0.00		0.00
From Banks		54,706,072.07		38.93		140,528,292.38		151,114,593.65		149,223,722.63		188,400,415.96
Demand		-2,533,974.65		-20.45		12,390,382.81		9,751,662.28		13,366,002.78		10,542,777.13
Time		57,240,046.72		44.67		128,137,909.57		141,362,931.37		135,857,719.85		177,857,638.83
Foreign		172,179,981.47		18.79		916,145,791.04		1,018,263,632.20		1,073,481,509.14		1,191,742,460.26
Government		0.00		0.00		0.00		0.00		0.00		0.00
Customers		65,042,615.20		171.87		37,843,681.20		98,076,330.45		99,415,948.70		100,671,771.92
Demand		242,615.20		12.03		2,016,181.20		2,248,830.45		1,738,448.70		1,744,271.92
Time		64,800,000.00		180.87		35,827,500.00		95,827,500.00		97,677,500.00		98,927,500.00
Savings		0.00		0.00		0.00		0.00		0.00		0.00
From Banks		107,137,366.27		12.20		878,302,109.84		920,187,301.75		974,065,560.44		1,091,070,688.34
Demand		-74,062,843.25		-62.70		118,120,039.83		82,782,206.23		95,490,878.75		90,198,396.99
Time		181,200,209.52		23.84		760,182,070.01		837,405,095.52		878,574,681.69		1,000,872,291.35
BORROWINGS		-404,198,069.04		-18.74		2,156,397,179.46		1,881,473,358.26		1,831,833,854.46		2,128,903,579.48
Local		0.00		0.00		30,000,000.00		30,000,000.00		31,868,459.90		30,000,000.00
Foreign		-404,198,069.04		-19.01		2,126,397,179.46		1,851,473,358.26		1,799,965,394.56		2,098,903,579.48
OTHER LIABILITIES		-55,303,602.25		-42.59		129,840,855.71		120,909,042.64		102,899,898.91		86,564,035.26
Local		-18,874,808.16		-77.32		24,411,519.37		11,702,379.03		10,338,688.73		8,310,708.32
Foreign		-36,428,794.09		-34.55		105,429,336.34		109,206,663.61		92,561,210.18		78,253,326.94
STOCKHOLDERS´ EQUITY		9,367,957.87		1.60		585,619,846.11		588,844,442.19		591,435,818.14		589,567,626.62
Capital		235,756.52		0.08		280,157,273.47		280,212,949.00		280,263,236.58		280,318,912.11
Capital Reserves		0.00		0.00		95,210,153.67		95,210,153.67		95,210,153.67		95,210,153.67
Other Reserves		-3,821.41		5.27		-72,504.59		68,218.00		22,274.00		-58,735.00
Retained Earnings		46,727,670.05		30.70		152,204,116.93		207,009,182.67		206,924,182.67		198,931,786.98
Net Income		-34,871,464.63		-63.73		54,720,070.12		6,125,153.63		8,967,061.66		12,674,036.97
Gain or Loss in Securities available for sale		-2,720,182.66		-79.99		3,400,736.51		218,785.22		48,909.56		2,491,471.89
Subordinated Debt		0.00		0.00		0.00		0.00		0.00		0.00
LIABILITIES AND STOCKHOLDER'S EQUITY		-223,247,659.88		-5.68		3,928,531,964.70		3,760,605,068.94		3,748,874,803.28		4,185,178,117.58

	2007
Descripción	April		May		June		July		August		September		October		November		December
LIQUID ASSETS		122,698,746.25		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local Deposits in Banks		164,062.71		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		164,062.71		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Time		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign Deposits in Banks		122,369,664.85		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		1,769,664.85		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Time		120,600,000.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Less Allowance		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
Foreign		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Others		165,018.69		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
CREDIT PORTFOLIO		3,206,861,456.42		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		141,613,868.24		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		3,121,860,493.13		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Less Allowance		56,612,904.95		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		811,234.26		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		55,801,670.69		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
INVESTMENT SECURITIES		307,221,604.46		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		20,043,400.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		287,178,204.46		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Less Allowance		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
Foreign		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
OTHER ASSETS		68,502,497.68		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		5,574,415.85		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		62,928,081.83		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
TOTAL ASSETS		3,705,284,304.81		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
DEPOSITS		1,283,560,136.96		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		195,234,364.45		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Government		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Customers		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Time		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Savings		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
From Banks		195,234,364.45		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		9,856,408.16		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Time		185,377,956.29		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		1,088,325,772.51		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Government		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Customers		102,886,296.40		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		2,258,796.40		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Time		100,627,500.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Savings		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
From Banks		985,439,476.11		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		44,057,196.58		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Time		941,382,279.53		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
BORROWINGS		1,752,199,110.42		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		30,000,000.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		1,722,199,110.42		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
OTHER LIABILITIES		74,537,253.46		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		5,536,711.21		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		69,000,542.25		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
STOCKHOLDERS´ EQUITY		594,987,803.98		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Capital		280,393,029.99		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Capital Reserves		95,210,153.67		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Other Reserves		-76,326.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Retained Earnings		198,931,786.98		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Net Income		19,848,605.49		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Gain or Loss in Securities available for sale		680,553.85		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Subordinated Debt		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
LIABILITIES AND STOCKHOLDER'S EQUITY		3,705,284,304.82		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

* 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 Panamá Superintendencia de Bancos (website: http://www.superbancos.gob.pa).

STATEMENTS OF INCOME *

BANCO LATINOAMERICANO DE EXPORTACIONES, S.A.

JANUARY - APRIL 2007

(In Balboas)**

May 31, 2007

Description	January		February		March		I Quarter		April		May		June		II Quarter
Interest Income		19,655,049.68		17,737,463.67		20,683,853.26		58,076,366.61		20,058,754.09		0.00		0.00		20,058,754.09
Loans		16,952,273.81		15,700,845.01		17,395,096.07		50,048,214.89		17,561,997.10		0.00		0.00		17,561,997.10
Deposits		868,382.96		769,848.68		996,685.10		2,634,916.74		930,193.10		0.00		0.00		930,193.10
Investments		1,834,392.91		1,266,769.98		2,292,072.09		5,393,234.98		1,566,563.89		0.00		0.00		1,566,563.89
Interest Expense		14,530,876.98		12,967,599.32		15,468,817.28		42,967,293.58		15,028,135.92		0.00		0.00		15,028,135.92
Interest		14,529,189.99		12,965,836.71		15,461,564.58		42,956,591.28		15,022,210.56		0.00		0.00		15,022,210.56
Commissions		1,686.99		1,762.61		7,252.70		10,702.30		5,925.36		0.00		0.00		5,925.36
Net Interest Income		5,124,172.70		4,769,864.35		5,215,035.98		15,109,073.03		5,030,618.17		0.00		0.00		5,030,618.17
Other Income		3,252,247.96		263,977.66		-5,382.34		3,510,843.28		3,971,172.09		0.00		0.00		3,971,172.09
Commissions		532,215.31		345,294.45		369,807.89		1,247,317.65		339,094.38		0.00		0.00		339,094.38
Foreign currency operations		-31,867.58		-61,017.34		101,256.36		8,371.44		-27,051.00		0.00		0.00		-27,051.00
Other Income		2,751,900.23		-20,299.45		-476,446.59		2,255,154.19		3,659,128.71		0.00		0.00		3,659,128.71
Operating Income		8,376,420.66		5,033,842.01		5,209,653.64		18,619,916.31		9,001,790.26		0.00		0.00		9,001,790.26
Operating Expenses		2,251,267.03		2,191,933.98		-3,851,437.28		591,763.73		1,827,221.74		0.00		0.00		1,827,221.74
Administrative expenses		1,389,320.94		1,152,761.57		1,378,644.88		3,920,727.39		876,276.06		0.00		0.00		876,276.06
General expenses		230,861.37		393,847.95		424,127.86		1,048,837.18		423,230.11		0.00		0.00		423,230.11
Depreciation		228,406.64		164,173.56		213,327.01		605,907.21		202,702.28		0.00		0.00		202,702.28
Other expenses		402,678.08		481,150.90		-5,867,537.03		-4,983,708.05		325,013.29		0.00		0.00		325,013.29
Net Income before provision for loan losses		6,125,153.63		2,841,908.03		9,061,090.92		18,028,152.58		7,174,568.52		0.00		0.00		7,174,568.52
Provision for loan losses		0.00		0.00		5,354,115.61		5,354,115.61		0.00		0.00		0.00		0.00
Net Income		6,125,153.63		2,841,908.03		3,706,975.31		12,674,036.97		7,174,568.52		0.00		0.00		7,174,568.52

Description	July		August		September		III Quarter		October		November		December		IV Quarter		Year to date
Interest Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		78,135,120.70
Loans		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		67,610,211.99
Deposits		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		3,565,109.84
Investments		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		6,959,798.87
Interest Expense		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		57,995,429.50
Interest		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		57,978,801.84
Commissions		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		16,627.66
Net Interest Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		20,139,691.20
Other Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		7,482,015.37
Commissions		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,586,412.03
Foreign currency operations		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		-18,679.56
Other Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		5,914,282.90
Operating Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		27,621,706.57
Operating Expenses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		2,418,985.47
Administrative expenses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		4,797,003.45
General expenses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,472,067.29
Depreciation		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		808,609.49
Other expenses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		-4,658,694.76
Net Income before provision for loan losses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		25,202,721.10
Provision for loan losses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		5,354,115.61
Net Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		19,848,605.49

* Includes only Panama - New York accounts.

** Monetary unit at par and equivalent with US$ dollars.