Report of Foreign Issuer (6-k)

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 June, 2019

Commission File Number 1-11414

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 if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes ¨ No x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes ¨ No x

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, thereunto duly authorized.

Date: June 18, 2019

	FOREIGN TRADE BANK OF LATIN AMERICA, INC.
	(Registrant)

	By:	/s/ Ana Graciela de Méndez

	Name:	Ana Graciela de Méndez
	Title:	CFO

NOTA: LA INFORMACION INCLUIDA EN EL PRESENTE REPORTE 6-K FUE PREPARADA EN UNA BASE NO CONSOLIDADA Y EXCLUYE LA INFORMACION FINANCIERA DE BLADEX HOLDINGS INC., BLADEX REPRESENTACAO LTDA., BLX SOLUCIONES S.A. DE C.V., Y BLADEX DEVELOPMENT CORP., 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	21 DE MAYO 2019
	BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
	DE DICIEMBRE 2018 A MARZO 2019
	(En Miles de Balboas) *

	Variación				2018		2019
	Absoluta		%		Diciembre		Enero		Febrero		Marzo		Abril		Mayo		Junio		Julio		Agosto		Septiembre		Octubre		Noviembre		Diciembre
ACTIVOS LIQUIDOS		-941,688.19		-53.97		1,744,950.91		1,091,572.24		690,132.51		803,262.73		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Depósitos Locales en Bancos		-978.10		-18.67		5,238.60		4,999.28		5,563.37		4,260.50		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		-978.10		-18.67		5,238.60		4,999.28		5,563.37		4,260.50		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		0.00		0.00		0.00		0.00		0.00		0.00
Depósitos Extranjeros en Bancos		-940,710.09		-54.07		1,739,712.31		1,086,572.96		684,569.14		799,002.22		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		-890,710.09		-52.71		1,689,712.31		986,572.96		634,569.14		799,002.22		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A Plazo		-50,000.00		-100.00		50,000.00		100,000.00		50,000.00		0.00		0.00		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		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		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
CARTERA CREDITICIA		-300,458.82		-5.29		5,678,695.41		5,401,553.82		5,387,997.23		5,378,236.59		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		15,193.36		3.18		477,498.00		475,184.69		474,558.82		492,691.36		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		-314,446.35		-5.93		5,300,926.59		5,023,734.23		5,009,424.67		4,986,480.24		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Menos Provisiones		1,205.82		1.21		99,729.18		97,365.10		95,986.26		100,935.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		-165.33		-3.51		4,711.87		4,673.29		4,630.35		4,546.54		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		1,371.16		1.44		95,017.31		92,691.81		91,355.90		96,388.47		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
INVERSIONES EN VALORES		-16,249.72		-13.20		123,127.43		123,506.39		120,628.95		106,877.71		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		-4,160.95		-12.08		34,455.72		34,607.22		31,734.23		30,294.77		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		-12,106.18		-13.63		88,812.09		89,020.56		89,026.95		76,705.91		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Menos Provisiones		-17.41		-12.40		140.39		121.40		132.22		122.98		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		-0.68		-1.03		65.87		64.93		65.05		65.19		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		-16.73		-22.45		74.52		56.46		67.17		57.79		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
OTROS ACTIVOS		98,103.88		108.69		90,257.24		141,396.15		190,389.47		188,361.12		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		6,999.11		14.87		47,062.00		24,271.35		25,313.52		54,061.11		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		91,104.77		210.91		43,195.25		117,124.81		165,075.96		134,300.02		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
TOTAL DE ACTIVOS		-1,160,292.85		-15.19		7,637,031.00		6,758,028.60		6,389,148.17		6,476,738.15		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
DEPOSITOS		-223,247.91		-7.51		2,970,821.98		2,721,363.20		2,726,737.38		2,747,574.08		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		62,311.56		15.56		400,401.04		419,234.13		419,524.89		462,712.60		0.00		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		0.00		0.00		0.00		0.00		0.00		0.00
De Particulares		5,384.22		3.07		175,123.54		170,112.00		170,436.48		180,507.76		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		123.55		245.78		50.27		38.73		102.55		173.82		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A Plazo		5,260.67		3.00		175,073.27		170,073.27		170,333.94		180,333.94		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		0.00		0.00		0.00		0.00		0.00		0.00
De Bancos		56,927.34		25.27		225,277.50		249,122.13		249,088.41		282,204.84		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		0.00		0.00		0.00		0.00		0.00		0.00
A Plazo		56,927.34		25.27		225,277.50		249,122.13		249,088.41		282,204.84		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		-285,559.47		-11.11		2,570,420.94		2,302,129.06		2,307,212.49		2,284,861.48		0.00		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		0.00		0.00		0.00		0.00		0.00		0.00
De Particulares		41,653.49		19.30		215,817.78		241,280.13		239,713.85		257,471.27		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		-7,459.20		-67.83		10,997.17		650.34		1,069.42		3,537.97		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A Plazo		49,112.70		23.98		204,820.61		240,629.80		238,644.42		253,933.31		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		0.00		0.00		0.00		0.00		0.00		0.00
De Bancos		-327,212.96		-13.90		2,354,603.17		2,060,848.93		2,067,498.65		2,027,390.21		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		-182,107.96		-90.90		200,333.57		73,374.84		140,012.58		18,225.61		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A Plazo		-145,105.00		-6.74		2,154,269.59		1,987,474.09		1,927,486.06		2,009,164.59		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
OBLIGACIONES		-1,016,976.14		-28.58		3,558,213.99		2,864,387.29		2,439,718.66		2,541,237.84		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		19,023.47		0.00		0.00		0.00		0.00		19,023.47		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		-1,035,999.61		-29.12		3,558,213.99		2,864,387.29		2,439,718.66		2,522,214.38		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
OTROS PASIVOS		76,333.15		72.53		105,245.00		158,894.74		200,207.22		181,578.15		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		3,232.29		19.61		16,479.34		21,809.76		19,233.30		19,711.63		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		73,100.86		82.35		88,765.65		137,084.97		180,973.92		161,866.52		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
PATRIMONIO		3,598.05		0.36		1,002,750.03		1,013,383.38		1,022,484.91		1,006,348.08		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Capital		461.01		0.14		338,750.73		338,908.03		339,040.47		339,211.74		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Reservas de Capital		0.00		0.00		95,210.15		95,210.15		95,210.15		95,210.15		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Otras Reservas		-1,625.97		-1.19		136,427.05		135,355.05		135,376.83		134,801.07		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Provisiones Dinámicas		0.00		0.00		136,018.57		136,018.57		136,018.57		136,018.57		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Otras Reservas		-1,625.97		-398.06		408.47		-663.52		-641.74		-1,217.50		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Utilidad de Periodos Anteriores		-5,354.29		-1.27		421,363.53		433,191.82		433,191.82		416,009.24		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Utilidad de Periodo		9,312.36		78.73		11,828.29		11,152.20		19,866.00		21,140.65		0.00		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		804.94		-97.01		-829.72		-433.88		-200.36		-24.78		0.00		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		0.00		0.00		0.00		0.00		0.00		0.00
PASIVO Y PATRIMONIO		-1,160,292.85		-15.19		7,637,031.00		6,758,028.60		6,389,148.17		6,476,738.15		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

*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).

NOTA: LA INFORMACION INCLUIDA EN EL PRESENTE REPORTE 6-K FUE PREPARADA EN UNA BASE NO CONSOLIDADA Y EXCLUYE LA INFORMACION FINANCIERA DE BLADEX HOLDINGS INC., BLADEX REPRESENTACAO LTDA., BLX SOLUCIONES S.A DE C.V., BLADEX DEVELOPMENT CORP., 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.

	ESTADO DE RESULTADO	21 DE MAYO 2019
	BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
	DE DICIEMBRE 2018 A MARZO 2019
	(En Miles de Balboas) *

	2018		2019
	Diciembre		Enero		Febrero		Marzo		Abril		Mayo		Junio		Julio		Agosto		Septiembre		Octubre		Noviembre		Diciembre		Acumulado
Ingresos Por Intereses		258,462.30		25,939.74		23,236.11		24,375.81		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		73,551.66
Préstamos		239,976.16		23,196.25		21,279.94		22,778.87		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		67,255.06
Depósitos		15,587.48		2,394.24		1,663.66		1,296.36		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		5,354.25
Inversiones		2,898.66		349.25		292.52		300.58		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		942.35
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		148,808.58		16,431.29		14,076.44		15,030.69		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		45,538.43
Intereses Pagados		148,746.49		16,426.98		14,075.41		15,029.66		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		45,532.05
Comisiones		62.09		4.32		1.03		1.03		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		6.38
Ingreso Neto de Intereses		109,653.72		9,508.44		9,159.67		9,345.12		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		28,013.24
Otros Ingresos		132,450.62		8,360.94		6,224.15		7,145.41		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		21,730.49
Comisiones		17,238.47		793.89		794.40		766.39		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		2,354.68
Operaciones con Divisas		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Dividendos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Otros ingresos		115,212.15		7,567.05		5,429.75		6,379.02		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		19,375.81
Ingresos de Operaciones		242,104.34		17,869.39		15,383.82		16,490.53		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		49,743.73
Egresos Generales		172,761.08		9,506.52		8,031.78		10,123.06		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		27,661.36
Gastos Administrativos		31,083.78		1,534.21		1,678.97		3,858.74		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		7,071.93
Gastos Generales		6,724.43		334.44		404.47		346.99		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,085.90
Gastos de Depreciación		2,237.87		147.29		143.42		499.03		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		789.74
Otros Gastos		132,714.99		7,490.57		5,804.92		5,418.29		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		18,713.79
Utilidad antes de Provisiones		69,343.26		8,362.87		7,352.04		6,367.47		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		22,082.38
Provisiones por Cuentas Malas		57,514.96		-2,789.33		-1,361.76		5,092.81		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		941.72
Utilidad del Periodo		11,828.29		11,152.20		8,713.80		1,274.66		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		21,140.65

*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 HOLDINGS INC., BLADEX REPRESENTACAO LTDA., BLX SOLUCIONES S.A. DE C.V., AND BLADEX DEVELOPMENT CORP., AS REQUIRED BY THE LAWS AND REGULATIONS APPLICABLE TO BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A. ("BLADEX") IN PANAMA, COUNTRY OF INCORPORATION WHERE BLADEX IS REGULATED AS A BANK WITH A GENERAL LICENSE . 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	MAY 21 2019
	BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
	DECEMBER 2018 - MARCH 2019
	(In Thousand Balboas) *

	Absolute				2018		2019
	Variation		%		December		January		February		March		April		May		June		July		August		September		October		November		December
LIQUID ASSETS		-941,688.19		-53.97		1,744,950.91		1,091,572.24		690,132.51		803,262.73		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local Deposits in Banks		-978.10		-18.67		5,238.60		4,999.28		5,563.37		4,260.50		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		-978.10		-18.67		5,238.60		4,999.28		5,563.37		4,260.50		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		0.00		0.00		0.00		0.00		0.00		0.00
Foreign Deposits in Banks		-940,710.09		-54.07		1,739,712.31		1,086,572.96		684,569.14		799,002.22		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		-890,710.09		-52.71		1,689,712.31		986,572.96		634,569.14		799,002.22		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Time		-50,000.00		-100.00		50,000.00		100,000.00		50,000.00		0.00		0.00		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		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		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
CREDIT PORTFOLIO		-300,458.82		-5.29		5,678,695.41		5,401,553.82		5,387,997.23		5,378,236.59		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		15,193.36		3.18		477,498.00		475,184.69		474,558.82		492,691.36		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		-314,446.35		-5.93		5,300,926.59		5,023,734.23		5,009,424.67		4,986,480.24		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Less Allowance		1,205.82		1.21		99,729.18		97,365.10		95,986.26		100,935.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		-165.33		-3.51		4,711.87		4,673.29		4,630.35		4,546.54		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		1,371.16		1.44		95,017.31		92,691.81		91,355.90		96,388.47		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
INVESTMENT SECURITIES		-16,249.72		-13.20		123,127.43		123,506.39		120,628.95		106,877.71		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		-4,160.95		-12.08		34,455.72		34,607.22		31,734.23		30,294.77		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		-12,106.18		-13.63		88,812.09		89,020.56		89,026.95		76,705.91		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Less Allowance		-17.41		-12.40		140.39		121.40		132.22		122.98		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		-0.68		-1.03		65.87		64.93		65.05		65.19		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		-16.73		-22.45		74.52		56.46		67.17		57.79		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
OTHER ASSETS		98,103.88		108.69		90,257.24		141,396.15		190,389.47		188,361.12		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		6,999.11		14.87		47,062.00		24,271.35		25,313.52		54,061.11		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		91,104.77		210.91		43,195.25		117,124.81		165,075.96		134,300.02		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
TOTAL ASSETS		-1,160,292.85		-15.19		7,637,031.00		6,758,028.60		6,389,148.17		6,476,738.15		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
DEPOSITS		-223,247.91		-7.51		2,970,821.98		2,721,363.20		2,726,737.38		2,747,574.08		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		62,311.56		15.56		400,401.04		419,234.13		419,524.89		462,712.60		0.00		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		0.00		0.00		0.00		0.00		0.00		0.00
Customers		5,384.22		3.07		175,123.54		170,112.00		170,436.48		180,507.76		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		123.55		245.78		50.27		38.73		102.55		173.82		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Time		5,260.67		3.00		175,073.27		170,073.27		170,333.94		180,333.94		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		0.00		0.00		0.00		0.00		0.00		0.00
From Banks		56,927.34		25.27		225,277.50		249,122.13		249,088.41		282,204.84		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		0.00		0.00		0.00		0.00		0.00		0.00
Time		56,927.34		25.27		225,277.50		249,122.13		249,088.41		282,204.84		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		-285,559.47		-11.11		2,570,420.94		2,302,129.06		2,307,212.49		2,284,861.48		0.00		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		0.00		0.00		0.00		0.00		0.00		0.00
Customers		41,653.49		19.30		215,817.78		241,280.13		239,713.85		257,471.27		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		-7,459.20		-67.83		10,997.17		650.34		1,069.42		3,537.97		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Time		49,112.70		23.98		204,820.61		240,629.80		238,644.42		253,933.31		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		0.00		0.00		0.00		0.00		0.00		0.00
From Banks		-327,212.96		-13.90		2,354,603.17		2,060,848.93		2,067,498.65		2,027,390.21		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		-182,107.96		-90.90		200,333.57		73,374.84		140,012.58		18,225.61		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Time		-145,105.00		-6.74		2,154,269.59		1,987,474.09		1,927,486.06		2,009,164.59		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
BORROWINGS		-1,016,976.14		-28.58		3,558,213.99		2,864,387.29		2,439,718.66		2,541,237.84		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		19,023.47		0.00		0.00		0.00		0.00		19,023.47		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		-1,035,999.61		-29.12		3,558,213.99		2,864,387.29		2,439,718.66		2,522,214.38		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
OTHER LIABILITIES		76,333.15		72.53		105,245.00		158,894.74		200,207.22		181,578.15		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		3,232.29		19.61		16,479.34		21,809.76		19,233.30		19,711.63		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		73,100.86		82.35		88,765.65		137,084.97		180,973.92		161,866.52		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
STOCKHOLDERS´ EQUITY		3,598.05		0.36		1,002,750.03		1,013,383.38		1,022,484.91		1,006,348.08		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Capital		461.01		0.14		338,750.73		338,908.03		339,040.47		339,211.74		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Capital Reserves		0.00		0.00		95,210.15		95,210.15		95,210.15		95,210.15		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Other Reserves		-1,625.97		-1.19		136,427.05		135,355.05		135,376.83		134,801.07		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Dynamic Provision		0.00		0.00		136,018.57		136,018.57		136,018.57		136,018.57		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Other Reserves		-1,625.97		-398.06		408.47		-663.52		-641.74		-1,217.50		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Retained Earnings		-5,354.29		-1.27		421,363.53		433,191.82		433,191.82		416,009.24		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Net Income		9,312.36		78.73		11,828.29		11,152.20		19,866.00		21,140.65		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Gain or Loss in Securities available for sale		804.94		-97.01		-829.72		-433.88		-200.36		-24.78		0.00		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		0.00		0.00		0.00		0.00		0.00		0.00
LIABILITIES AND STOCKHOLDER'S EQUITY		-1,160,292.85		-15.19		7,637,031.00		6,758,028.60		6,389,148.17		6,476,738.15		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

*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).

	INCOME STATEMENT	MAY 21 2019
	BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
	DECEMBER 2018 - MARCH 2019
	(In Thousand Balboas) *

	2018		2019
	December		January		February		March		April		May		June		July		August		September		October		November		December		Year to date
Interest Income		258,462.30		25,939.74		23,236.11		24,375.81		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		73,551.66
Loans		239,976.16		23,196.25		21,279.94		22,778.87		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		67,255.06
Deposits		15,587.48		2,394.24		1,663.66		1,296.36		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		5,354.25
Investments		2,898.66		349.25		292.52		300.58		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		942.35
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		148,808.58		16,431.29		14,076.44		15,030.69		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		45,538.43
Interest		148,746.49		16,426.98		14,075.41		15,029.66		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		45,532.05
Commissions		62.09		4.32		1.03		1.03		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		6.38
Net Interest Income		109,653.72		9,508.44		9,159.67		9,345.12		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		28,013.24
Other Income		132,450.62		8,360.94		6,224.15		7,145.41		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		21,730.49
Commissions		17,238.47		793.89		794.40		766.39		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		2,354.68
Foreign currency operations		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Dividends		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Other Income		115,212.15		7,567.05		5,429.75		6,379.02		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		19,375.81
Operating Income		242,104.34		17,869.39		15,383.82		16,490.53		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		49,743.73
Operating Expenses		172,761.08		9,506.52		8,031.78		10,123.06		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		27,661.36
Administrative expenses		31,083.78		1,534.21		1,678.97		3,858.74		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		7,071.93
General expenses		6,724.43		334.44		404.47		346.99		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,085.90
Depreciation		2,237.87		147.29		143.42		499.03		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		789.74
Other expenses		132,714.99		7,490.57		5,804.92		5,418.29		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		18,713.79
Net Income before provision for loan losses		69,343.26		8,362.87		7,352.04		6,367.47		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		22,082.38
Provision for loan losses		57,514.96		-2,789.33		-1,361.76		5,092.81		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		941.72
Net Income		11,828.29		11,152.20		8,713.80		1,274.66		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		21,140.65