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 May, 2006

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.

May 08, 2006

	Banco Latinoamericano de Exportaciones, S.A.


	By:	/s/ Pedro Toll

	Name:	Pedro Toll
	Title:	Deputy Manager

		4 de Abril de 2006
	ESTADO DE RESULTADO BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. ENERO - FEBRERO 2006 (En Balboas)

			2005	2006

Descripción	Absoluta	%	Diciembre	Enero	Febrero	Marzo	Abril

ACTIVOS LIQUIDOS	-61,588,404.01	-26.80	229,850,018.38	196,721,923.53	168,261,614.37	0.00	0.00
Depositos Locales en Bancos	86,474.19	76.44	113,130.93	143,003.06	199,605.12	0.00	0.00
A la Vista	86,474.19	76.44	113,130.93	143,003.06	199,605.12	0.00	0.00
A Plazo	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depositos Extranjeros en Bancos	-61,673,745.14	-26.85	229,724,544.72	196,570,119.96	168,050,799.58	0.00	0.00
A la Vista	26,254.86	5.01	524,544.72	570,119.96	550,799.58	0.00	0.00
A Plazo	-61,700,000.00	-26.92	229,200,000.00	196,000,000.00	167,500,000.00	0.00	0.00
Menos Provisiones	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
Extranjero	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Otros	-1,133.06	-9.18	12,342.73	8,800.51	11,209.67	0.00	0.00
CARTERA CREDITICIA	-61,163,111.93	-2.39	2,554,768,145.82	2,432,060,734.87	2,493,605,033.89	0.00	0.00
Locales	-4,076,656.55	-2.23	182,580,335.71	170,060,870.91	178,503,679.16	0.00	0.00
Extranjero	-75,883,857.41	-3.13	2,427,438,626.39	2,301,441,680.16	2,351,554,768.98	0.00	0.00
Menos Provisiones	-18,797,402.03	-34.02	55,250,816.28	39,441,816.20	36,453,414.25	0.00	0.00
Locales	-5,049,160.06	-93.72	5,387,343.78	291,203.74	338,183.72	0.00	0.00
Extranjero	-13,748,241.97	-27.57	49,863,472.50	39,150,612.46	36,115,230.53	0.00	0.00
INVERSIONES EN VALORES	-23,387,894.98	-10.95	213,524,943.41	161,836,319.12	190,137,048.43	0.00	0.00
Locales	9,952,500.00	195.72	5,085,000.00	5,025,000.00	15,037,500.00	0.00	0.00
Extranjero	-33,340,394.98	-16.00	208,439,943.41	156,811,319.12	175,099,548.43	0.00	0.00
Menos Provisiones	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
Extranjero	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OTROS ACTIVOS	-60,160,074.66	-38.74	155,291,309.19	155,484,220.45	95,131,234.53	0.00	0.00
Locales	1,947,043.13	22.81	8,534,972.50	8,432,445.42	10,482,015.63	0.00	0.00
Extranjero	-62,107,117.79	-42.32	146,756,336.69	147,051,775.03	84,649,218.90	0.00	0.00
TOTAL DE ACTIVOS	-206,299,485.58	-6.54	3,153,434,416.80	2,946,103,197.97	2,947,134,931.22	0.00	0.00
DEPOSITOS	-44,563,150.19	-4.26	1,046,617,541.80	961,172,366.75	1,002,054,391.61	0.00	0.00
Locales	-1,393,654.63	-1.82	76,505,979.15	75,068,841.87	75,112,324.52	0.00	0.00
Oficiales	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De Particuales	5,938.38	8.66	68,555.47	71,526.30	74,493.85	0.00	0.00
A la Vista	5,938.38	8.66	68,555.47	71,526.30	74,493.85	0.00	0.00
A Plazo	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
De Bancos	-1,399,593.01	-1.83	76,437,423.68	74,997,315.57	75,037,830.67	0.00	0.00
A la Vista	-11,896,347.56	-61.35	19,389,547.08	13,970,578.97	7,493,199.52	0.00	0.00
A Plazo	10,496,754.55	18.40	57,047,876.60	61,026,736.60	67,544,631.15	0.00	0.00
Extranjero	-43,169,495.56	-4.45	970,111,562.65	886,103,524.88	926,942,067.09	0.00	0.00
Oficiales	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De Particulares	7,840,478.58	8.78	89,349,913.77	39,358,612.33	97,190,392.35	0.00	0.00
A la Vista	12,978.58	0.96	1,349,913.77	1,358,612.33	1,362,892.35	0.00	0.00
A Plazo	7,827,500.00	8.89	88,000,000.00	38,000,000.00	95,827,500.00	0.00	0.00
De Ahorros	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De Bancos	-51,009,974.14	-5.79	880,761,648.88	846,744,912.55	829,751,674.74	0.00	0.00
A la Vista	32,238.33	0.43	7,576,512.05	7,754,593.37	7,608,750.38	0.00	0.00
A Plazo	-51,042,212.47	-5.85	873,185,136.83	838,990,319.18	822,142,924.36	0.00	0.00
OBLIGACIONES	-116,548,227.82	-8.97	1,299,707,654.53	1,160,813,511.50	1,183,159,426.71	0.00	0.00
Locales	-1,020.00	0.00	30,817,393.24	30,827,326.53	30,816,373.24	0.00	0.00
Extranjero	-116,547,207.82	-9.18	1,268,890,261.29	1,129,986,184.97	1,152,343,053.47	0.00	0.00
OTROS PASIVOS	-36,393,269.24	-18.85	193,025,500.69	199,075,894.63	156,632,231.45	0.00	0.00
Locales	-856,253.06	-19.45	4,402,882.06	5,071,759.57	3,546,629.00	0.00	0.00
Extranjero	-35,537,016.18	-18.84	188,622,618.63	194,004,135.06	153,085,602.45	0.00	0.00
PATRIMONIO	-8,794,838.46	-1.43	614,083,720.27	625,041,425.18	605,288,881.81	0.00	0.00
Capital	-195.71	0.00	308,036,516.51	308,008,142.60	308,036,320.80	0.00	0.00
Reservas de Capital	0.00	0.00	95,210,153.67	95,210,153.67	95,210,153.67	0.00	0.00
Otras Reservas	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Utilidad de Periodos Anteriores	34,782,054.50	25.24	137,799,382.62	217,639,221.93	172,581,437.12	0.00	0.00
Utilidad de Periodo	-43,041,830.82	-59.43	72,418,344.27	3,718,273.75	29,376,513.45	0.00	0.00
Ganancia o Perdida en Valores Disponible para la venta	-534,866.43	-86.36	619,323.20	465,633.23	84,456.77	0.00	0.00
Deuda Subordinada	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PASIVO Y PATRIMONIO	-206,299,485.71	-6.54	3,153,434,417.29	2,946,103,198.06	2,947,134,931.58	0.00	0.00

	2006

Descripción	Mayo	Junio	Julio	Agosto	Septiembre	Octubre	Noviembre	Diciembre

ACTIVOS LIQUIDOS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depositos Locales en Bancos	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
A Plazo	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depositos Extranjeros en Bancos	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
A Plazo	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
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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CARTERA CREDITICIA	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
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
INVERSIONES EN VALORES	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
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	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
TOTAL DE ACTIVOS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DEPOSITOS	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
Oficiales	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De Particuales	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
A Plazo	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
De Bancos	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
A Plazo	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
Oficiales	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
A la Vista	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
De Ahorros	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De Bancos	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
A Plazo	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OBLIGACIONES	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 PASIVOS	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
PATRIMONIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Reservas de Capital	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Otras Reservas	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Utilidad de Periodos Anteriores	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Utilidad de Periodo	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	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
PASIVO Y PATRIMONIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

		4 de Abril de 2006
	ESTADO DE RESULTADO BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. ENERO - FEBRERO 2006 (En Balboas)

Descripción	Enero	Febrero	Marzo	Trimestre I	Abril	Mayo	Junio	Trimestre II

Ingresos Por Intereses	12,678,643.01	11,735,785.49	0.00	24,414,428.50	0.00	0.00	0.00	0.00
Préstamos	11,020,922.80	10,226,602.75	0.00	21,247,525.55	0.00	0.00	0.00	0.00
Depósitos	789,894.27	661,530.80	0.00	1,451,425.07	0.00	0.00	0.00	0.00
Inversiones	867,825.94	847,651.94	0.00	1,715,477.88	0.00	0.00	0.00	0.00
Egresos de Operaciones	8,639,458.79	8,118,406.15	0.00	16,757,864.94	0.00	0.00	0.00	0.00
Intereses Pagados	8,636,503.50	8,115,643.98	0.00	16,752,147.48	0.00	0.00	0.00	0.00
Comisiones	2,955.29	2,762.17	0.00	5,717.46	0.00	0.00	0.00	0.00
Ingreso Neto de Intereses	4,039,184.22	3,617,379.34	0.00	7,656,563.56	0.00	0.00	0.00	0.00
Otros Ingresos	1,471,926.38	1,827,715.16	0.00	3,299,641.54	0.00	0.00	0.00	0.00
Comisiones	570,307.09	419,914.87	0.00	990,221.96	0.00	0.00	0.00	0.00
Operaciones con Divisas	26,483.68	6,742.92	0.00	33,226.60	0.00	0.00	0.00	0.00
Otros ingresos	875,135.61	1,401,057.37	0.00	2,276,192.98	0.00	0.00	0.00	0.00
Ingresos de Operaciones	5,511,110.60	5,445,094.50	0.00	10,956,205.10	0.00	0.00	0.00	0.00
Egresos Generales	1,792,836.85	-17,226,892.28	0.00	-15,434,055.43	0.00	0.00	0.00	0.00
Gastos Administrativos	1,319,974.99	1,411,330.71	0.00	2,731,305.70	0.00	0.00	0.00	0.00
Gastos Generales	182,304.16	387,471.05	0.00	569,775.21	0.00	0.00	0.00	0.00
Gastos de Depreciación	57,834.52	50,228.67	0.00	108,063.19	0.00	0.00	0.00	0.00
Otros Gastos	232,723.18	-19,075,922.71	0.00	-18,843,199.53	0.00	0.00	0.00	0.00
Utilidad antes de Provisiones	3,718,273.75	22,671,986.78	0.00	26,390,260.53	0.00	0.00	0.00	0.00
Provisiones por Cuentas Malas	0.00	-2,986,252.92	0.00	-2,986,252.92	0.00	0.00	0.00	0.00
Utilidad del Periodo	3,718,273.75	25,658,239.70	0.00	29,376,513.45	0.00	0.00	0.00	0.00

Descripción	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	24,414,428.50
Préstamos	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	21,247,525.55
Depósitos	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,451,425.07
Inversiones	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,715,477.88
Egresos de Operaciones	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	16,757,864.94
Intereses Pagados	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	16,752,147.48
Comisiones	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5,717.46
Ingreso Neto de Intereses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7,656,563.56
Otros Ingresos	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3,299,641.54
Comisiones	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	990,221.96
Operaciones con Divisas	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	33,226.60
Otros ingresos	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2,276,192.98
Ingresos de Operaciones	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10,956,205.10
Egresos Generales	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-15,434,055.43
Gastos Administrativos	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2,731,305.70
Gastos Generales	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	569,775.21
Gastos de Depreciación	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	108,063.19
Otros Gastos	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-18,843,199.53
Utilidad antes de Provisiones	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	26,390,260.53
Provisiones por Cuentas Malas	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-2,986,252.92
Utilidad del Periodo	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	29,376,513.45

		April 4, 2006

	BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE SHEETS December 2005 and February 2006 (In Balboas)**

			2005	2006

Descripción	Absolute	%	December	January	February	March	April

LIQUID ASSETS	-61,588,404.01	-26.80	229,850,018.38	196,721,923.53	168,261,614.37	0.00	0.00
Local Deposits in Banks	86,474.19	76.44	113,130.93	143,003.06	199,605.12	0.00	0.00
Demand	86,474.19	76.44	113,130.93	143,003.06	199,605.12	0.00	0.00
Time	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Foreign Deposits in Banks	-61,673,745.14	-26.85	229,724,544.72	196,570,119.96	168,050,799.58	0.00	0.00
Demand	26,254.86	5.01	524,544.72	570,119.96	550,799.58	0.00	0.00
Time	-61,700,000.00	-26.92	229,200,000.00	196,000,000.00	167,500,000.00	0.00	0.00
Less Allowance	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
Foreign	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Others	-1,133.06	-9.18	12,342.73	8,800.51	11,209.67	0.00	0.00
CREDIT PORTFOLIO	-61,163,111.93	-2.39	2,554,768,145.82	2,432,060,734.87	2,493,605,033.89	0.00	0.00
Local	-4,076,656.55	-2.23	182,580,335.71	170,060,870.91	178,503,679.16	0.00	0.00
Foreign	-75,883,857.41	-3.13	2,427,438,626.39	2,301,441,680.16	2,351,554,768.98	0.00	0.00
Less Allowance	-18,797,402.03	-34.02	55,250,816.28	39,441,816.20	36,453,414.25	0.00	0.00
Local	-5,049,160.06	-93.72	5,387,343.78	291,203.74	338,183.72	0.00	0.00
Foreign	-13,748,241.97	-27.57	49,863,472.50	39,150,612.46	36,115,230.53	0.00	0.00
INVESTMENT SECURITIES	-23,387,894.98	-10.95	213,524,943.41	161,836,319.12	190,137,048.43	0.00	0.00
Local	9,952,500.00	195.72	5,085,000.00	5,025,000.00	15,037,500.00	0.00	0.00
Foreign	-33,340,394.98	-16.00	208,439,943.41	156,811,319.12	175,099,548.43	0.00	0.00
Less Allowance	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
Foreign	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OTHER ASSETS	-60,160,074.66	-38.74	155,291,309.19	155,484,220.45	95,131,234.53	0.00	0.00
Local	1,947,043.13	22.81	8,534,972.50	8,432,445.42	10,482,015.63	0.00	0.00
Foreign	-62,107,117.79	-42.32	146,756,336.69	147,051,775.03	84,649,218.90	0.00	0.00
TOTAL ASSETS	-206,299,485.58	-6.54	3,153,434,416.80	2,946,103,197.97	2,947,134,931.22	0.00	0.00
DEPOSITS	-44,563,150.19	-4.26	1,046,617,541.80	961,172,366.75	1,002,054,391.61	0.00	0.00
Local	-1,393,654.63	-1.82	76,505,979.15	75,068,841.87	75,112,324.52	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Customers	5,938.38	8.66	68,555.47	71,526.30	74,493.85	0.00	0.00
Demand	5,938.38	8.66	68,555.47	71,526.30	74,493.85	0.00	0.00
Time	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
From Banks	-1,399,593.01	-1.83	76,437,423.68	74,997,315.57	75,037,830.67	0.00	0.00
Demand	-11,896,347.56	-61.35	19,389,547.08	13,970,578.97	7,493,199.52	0.00	0.00
Time	10,496,754.55	18.40	57,047,876.60	61,026,736.60	67,544,631.15	0.00	0.00
Foreign	-43,169,495.56	-4.45	970,111,562.65	886,103,524.88	926,942,067.09	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Customers	7,840,478.58	8.78	89,349,913.77	39,358,612.33	97,190,392.35	0.00	0.00
Demand	12,978.58	0.96	1,349,913.77	1,358,612.33	1,362,892.35	0.00	0.00
Time	7,827,500.00	8.89	88,000,000.00	38,000,000.00	95,827,500.00	0.00	0.00
Savings	0.00	0.00	0.00	0.00	0.00	0.00	0.00
From Banks	-51,009,974.14	-5.79	880,761,648.88	846,744,912.55	829,751,674.74	0.00	0.00
Demand	32,238.33	0.43	7,576,512.05	7,754,593.37	7,608,750.38	0.00	0.00
Time	-51,042,212.47	-5.85	873,185,136.83	838,990,319.18	822,142,924.36	0.00	0.00
BORROWINGS	-116,548,227.82	-8.97	1,299,707,654.53	1,160,813,511.50	1,183,159,426.71	0.00	0.00
Local	-1,020.00	0.00	30,817,393.24	30,827,326.53	30,816,373.24	0.00	0.00
Foreign	-116,547,207.82	-9.18	1,268,890,261.29	1,129,986,184.97	1,152,343,053.47	0.00	0.00
OTHER LIABILITIES	-36,393,269.24	-18.85	193,025,500.69	199,075,894.63	156,632,231.45	0.00	0.00
Local	-856,253.06	-19.45	4,402,882.06	5,071,759.57	3,546,629.00	0.00	0.00
Foreign	-35,537,016.18	-18.84	188,622,618.63	194,004,135.06	153,085,602.45	0.00	0.00
STOCKHOLDERS´ EQUITY	-8,794,838.46	-1.43	614,083,720.27	625,041,425.18	605,288,881.81	0.00	0.00
Capital	-195.71	0.00	308,036,516.51	308,008,142.60	308,036,320.80	0.00	0.00
Capital Reserves	0.00	0.00	95,210,153.67	95,210,153.67	95,210,153.67	0.00	0.00
Other Reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	34,782,054.50	25.24	137,799,382.62	217,639,221.93	172,581,437.12	0.00	0.00
Net Income	-43,041,830.82	-59.43	72,418,344.27	3,718,273.75	29,376,513.45	0.00	0.00
Gain or Loss in Securities available for sale	-534,866.43	-86.36	619,323.20	465,633.23	84,456.77	0.00	0.00
Subordinated Debt	0.00	0.00	0.00	0.00	0.00	0.00
LIABILITIES AND STOCKHOLDER’S EQUITY	-206,299,485.71	-6.54	3,153,434,417.29	2,946,103,198.06	2,947,134,931.58	0.00	0.00

	2006

Descripción	May	June	July	August	September	October	November	December

LIQUID ASSETS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Local Deposits in Banks	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
Time	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Foreign Deposits in Banks	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
Time	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
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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CREDIT PORTFOLIO	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
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
INVESTMENT SECURITIES	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
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	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
TOTAL ASSETS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DEPOSITS	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
Government	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
Demand	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
Savings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
From Banks	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
Time	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
Government	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
Demand	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
Savings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
From Banks	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
Time	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BORROWINGS	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 LIABILITIES	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
STOCKHOLDERS´ EQUITY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital Reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gain or Loss in Securities available for sale	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
LIABILITIES AND STOCKHOLDER’S EQUITY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

		April 4, 2006

	STATEMENTS OF INCOME * BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. February 2006 (In Balboas)**

Description	January	February	March	I Quarter	April	May	June	II Quarter

Interest Income	12,678,643.01	11,735,785.49	0.00	24,414,428.50	0.00	0.00	0.00	0.00
Loans	11,020,922.80	10,226,602.75	0.00	21,247,525.55	0.00	0.00	0.00	0.00
Deposits	789,894.27	661,530.80	0.00	1,451,425.07	0.00	0.00	0.00	0.00
Investments	867,825.94	847,651.94	0.00	1,715,477.88	0.00	0.00	0.00	0.00
Interest Expense	8,639,458.79	8,118,406.15	0.00	16,757,864.94	0.00	0.00	0.00	0.00
Interest	8,636,503.50	8,115,643.98	0.00	16,752,147.48	0.00	0.00	0.00	0.00
Commissions	2,955.29	2,762.17	0.00	5,717.46	0.00	0.00	0.00	0.00
Net Interest Income	4,039,184.22	3,617,379.34	0.00	7,656,563.56	0.00	0.00	0.00	0.00
Other Income	1,471,926.38	1,827,715.16	0.00	3,299,641.54	0.00	0.00	0.00	0.00
Commissions	570,307.09	419,914.87	0.00	990,221.96	0.00	0.00	0.00	0.00
Foreign currency operations	26,483.68	6,742.92	0.00	33,226.60	0.00	0.00	0.00	0.00
Other Income	875,135.61	1,401,057.37	0.00	2,276,192.98	0.00	0.00	0.00	0.00
Operating Income	5,511,110.60	5,445,094.50	0.00	10,956,205.10	0.00	0.00	0.00	0.00
Operating Expenses	1,792,836.85	-17,226,892.28	0.00	-15,434,055.43	0.00	0.00	0.00	0.00
Administrative expenses	1,319,974.99	1,411,330.71	0.00	2,731,305.70	0.00	0.00	0.00	0.00
General expenses	182,304.16	387,471.05	0.00	569,775.21	0.00	0.00	0.00	0.00
Depreciation	57,834.52	50,228.67	0.00	108,063.19	0.00	0.00	0.00	0.00
Other expenses	232,723.18	-19,075,922.71	0.00	-18,843,199.53	0.00	0.00	0.00	0.00
Net Income before provision for loan losses	3,718,273.75	22,671,986.78	0.00	26,390,260.53	0.00	0.00	0.00	0.00
Provision for loan losses	0.00	-2,986,252.92	0.00	-2,986,252.92	0.00	0.00	0.00	0.00
Net Income	3,718,273.75	25,658,239.70	0.00	29,376,513.45	0.00	0.00	0.00	0.00

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	24,414,428.50
Loans	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	21,247,525.55
Deposits	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,451,425.07
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,715,477.88
Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	16,757,864.94
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	16,752,147.48
Commissions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5,717.46
Net Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7,656,563.56
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3,299,641.54
Commissions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	990,221.96
Foreign currency operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	33,226.60
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2,276,192.98
Operating Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10,956,205.10
Operating Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-15,434,055.43
Administrative expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2,731,305.70
General expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	569,775.21
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	108,063.19
Other expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-18,843,199.53
Net Income before provision for loan losses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	26,390,260.53
Provision for loan losses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-2,986,252.92
Net Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	29,376,513.45