Latin American Export Bank - Report of Foreign Issuer (6-K)

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 October, 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 r

(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 r 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.

October 16, 2007

Banco Latinoamericano de Exportaciones, S.A.

By: /s/ Pedro Toll

Name: Pedro Toll

Title: Deputy Manager

	1 de Octubre de 2007
	BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE DE SITUACIÓN DE DICIEMBRE 2006 Y ENERO - AGOSTO 2007 (En Balboas)

			2006	2007
Descripción	Absoluta	%	Diciembre	Enero	Febrero	Marzo	Abril	Mayo
ACTIVOS LIQUIDOS	-71,660,008.52	-23.60	303,650,422.83	216,202,094.20	242,982,598.61	229,046,233.80	122,698,746.25	208,986,133.47
Depositos Locales en Bancos	850,726.87	489.23	173,891.04	171,541.89	211,225.69	198,143.77	164,062.71	162,204.31
A la Vista	850,726.87	489.23	173,891.04	171,541.89	211,225.69	198,143.77	164,062.71	162,204.31
A Plazo	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depositos Extranjeros en Bancos	-72,519,675.01	-23.90	303,465,330.82	216,015,706.64	242,755,699.36	228,836,963.32	122,369,664.85	208,813,623.54
A la Vista	-3,819,675.01	-85.54	4,465,330.82	2,715,706.64	1,255,699.36	30,836,963.32	1,769,664.85	1,313,623.54
A Plazo	-68,700,000.00	-22.98	299,000,000.00	213,300,000.00	241,500,000.00	198,000,000.00	120,600,000.00	207,500,000.00
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	8,939.62	79.81	11,200.97	14,845.67	15,673.56	11,126.71	165,018.69	10,305.62
CARTERA CREDITICIA	492,289,384.39	16.80	2,929,506,047.77	3,036,256,324.76	3,027,768,900.81	3,245,204,307.99	3,206,861,456.42	3,196,112,772.51
Locales	-30,829,924.71	-15.91	193,815,776.27	190,803,578.31	185,116,953.31	158,897,133.10	141,613,868.24	150,123,300.86
Extranjero	541,095,601.10	19.42	2,786,955,793.50	2,896,713,920.80	2,893,913,101.85	3,142,920,079.84	3,121,860,493.13	3,102,571,114.20
Menos Provisiones	17,976,292.00	35.07	51,265,522.00	51,261,174.35	51,261,154.35	56,612,904.95	56,612,904.95	56,581,642.55
Locales	-111,111.36	-12.19	911,727.70	911,727.70	911,727.70	811,234.26	811,234.26	779,971.86
Extranjero	18,087,403.36	35.92	50,353,794.30	50,349,446.65	50,349,426.65	55,801,670.69	55,801,670.69	55,801,670.69
INVERSIONES EN VALORES	-10,427,972.29	-1.81	577,658,363.67	391,817,270.05	380,907,417.40	632,092,664.10	307,221,604.46	298,088,861.31
Locales	39,046,500.00	195.99	19,922,400.00	19,804,200.00	20,027,600.00	20,085,000.00	20,043,400.00	19,836,600.00
Extranjero	-49,474,472.29	-8.87	557,735,963.67	372,013,070.05	360,879,817.40	612,007,664.10	287,178,204.46	278,252,261.31
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	-35,273,369.05	-29.96	117,717,130.43	116,329,379.94	97,215,886.49	78,834,911.65	68,502,497.68	70,730,858.41
Locales	-14,949,405.69	-84.87	17,614,809.32	20,511,965.87	10,276,743.98	5,315,339.04	5,574,415.85	2,523,285.04
Extranjero	-20,323,963.36	-20.30	100,102,321.11	95,817,414.07	86,939,142.51	73,519,572.61	62,928,081.83	68,207,573.37
TOTAL DE ACTIVOS	374,928,034.53	9.54	3,928,531,964.70	3,760,605,068.95	3,748,874,803.31	4,185,178,117.54	3,705,284,304.81	3,773,918,625.70
DEPOSITOS	309,348,035.33	29.28	1,056,674,083.42	1,169,378,225.85	1,222,705,231.77	1,380,142,876.22	1,283,560,136.96	1,286,109,030.56
Locales	93,262,550.44	66.37	140,528,292.38	151,114,593.65	149,223,722.63	188,400,415.96	195,234,364.45	209,426,258.81
Oficiales	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De Particulares	1,500,000.00	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	1,500,000.00	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	91,762,550.44	65.30	140,528,292.38	151,114,593.65	149,223,722.63	188,400,415.96	195,234,364.45	209,426,258.81
A la Vista	2,166,432.36	17.48	12,390,382.81	9,751,662.28	13,366,002.78	10,542,777.13	9,856,408.16	7,495,530.19
A Plazo	89,596,118.08	69.92	128,137,909.57	141,362,931.37	135,857,719.85	177,857,638.83	185,377,956.29	201,930,728.62
Extranjero	216,085,484.89	23.59	916,145,791.04	1,018,263,632.20	1,073,481,509.14	1,191,742,460.26	1,088,325,772.51	1,076,682,771.75
Oficiales	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De Particulares	26,532,995.88	70.11	37,843,681.20	98,076,330.45	99,415,948.70	100,671,771.92	102,886,296.40	101,494,940.09
A la Vista	4,860,495.88	241.07	2,016,181.20	2,248,830.45	1,738,448.70	1,744,271.92	2,258,796.40	3,867,440.09
A Plazo	21,672,500.00	60.49	35,827,500.00	95,827,500.00	97,677,500.00	98,927,500.00	100,627,500.00	97,627,500.00
De Ahorros	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De Bancos	189,552,489.01	21.58	878,302,109.84	920,187,301.75	974,065,560.44	1,091,070,688.34	985,439,476.11	975,187,831.66
A la Vista	-79,743,915.52	-67.51	118,120,039.83	82,782,206.23	95,490,878.75	90,198,396.99	44,057,196.58	91,161,295.26
A Plazo	269,296,404.53	35.43	760,182,070.01	837,405,095.52	878,574,681.69	1,000,872,291.35	941,382,279.53	884,026,536.40
OBLIGACIONES	107,762,871.47	5.00	2,156,397,179.46	1,881,473,358.26	1,831,833,854.46	2,128,903,579.48	1,752,199,110.42	1,815,010,696.69
Locales	0.00	0.00	30,000,000.00	30,000,000.00	31,868,459.90	30,000,000.00	30,000,000.00	30,000,000.00
Extranjero	107,762,871.47	5.07	2,126,397,179.46	1,851,473,358.26	1,799,965,394.56	2,098,903,579.48	1,722,199,110.42	1,785,010,696.69
OTROS PASIVOS	-48,983,579.66	-37.73	129,840,855.71	120,909,042.64	102,899,898.91	86,564,035.26	74,537,253.46	73,908,965.33
Locales	-19,721,311.46	-80.79	24,411,519.37	11,702,379.03	10,338,688.73	8,310,708.32	5,536,711.21	6,037,289.13
Extranjero	-29,262,268.20	-27.76	105,429,336.34	109,206,663.61	92,561,210.18	78,253,326.94	69,000,542.25	67,871,676.20
PATRIMONIO	6,800,707.35	1.16	585,619,846.11	588,844,442.19	591,435,818.14	589,567,626.62	594,987,803.98	598,889,933.12
Capital	1,252,896.58	0.45	280,157,273.47	280,212,949.00	280,263,236.58	280,318,912.11	280,393,029.99	280,682,393.61
Reservas de Capital	0.00	0.00	95,210,153.67	95,210,153.67	95,210,153.67	95,210,153.67	95,210,153.67	95,210,153.67
Otras Reservas	-394,857.07	544.60	-72,504.59	68,218.00	22,274.00	-58,735.00	-76,326.00	-163,652.00
Utilidad de Periodos Anteriores	38,693,291.14	25.42	152,204,116.93	207,009,182.67	206,924,182.67	198,931,786.98	198,931,786.98	198,931,786.98
Utilidad de Periodo	-21,784,477.07	-39.81	54,720,070.12	6,125,153.63	8,967,061.66	12,674,036.97	19,848,605.49	23,305,800.64
Ganancia o Perdida en Valores Disponible para la venta	-10,966,146.23	-322.46	3,400,736.51	218,785.22	48,909.56	2,491,471.89	680,553.85	923,450.22
Deuda Subordinada	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PASIVO Y PATRIMONIO	374,928,034.49	9.54	3,928,531,964.70	3,760,605,068.94	3,748,874,803.28	4,185,178,117.58	3,705,284,304.82	3,773,918,625.70

	1 de Octubre de 2007
	BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE DE SITUACIÓN DE DICIEMBRE 2006 Y ENERO - AGOSTO 2007 (En Balboas)

	2007
Descripción	Junio	Julio	Agosto	Septiembre	Octubre	Noviembre	Diciembre
ACTIVOS LIQUIDOS	230,906,612.74	225,251,357.81	231,990,414.31	0.00	0.00	0.00	0.00
Depositos Locales en Bancos	249,374.70	200,575.94	1,024,617.91	0.00	0.00	0.00	0.00
A la Vista	249,374.70	200,575.94	1,024,617.91	0.00	0.00	0.00	0.00
A Plazo	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depositos Extranjeros en Bancos	230,648,229.85	225,046,711.62	230,945,655.81	0.00	0.00	0.00	0.00
A la Vista	17,748,229.85	6,846,711.62	645,655.81	0.00	0.00	0.00	0.00
A Plazo	212,900,000.00	218,200,000.00	230,300,000.00	0.00	0.00	0.00	0.00
Menos Provisiones	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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	9,008.19	4,070.25	20,140.59	0.00	0.00	0.00	0.00
CARTERA CREDITICIA	3,346,318,289.23	3,399,513,093.81	3,421,795,432.16	0.00	0.00	0.00	0.00
Locales	156,246,011.28	159,018,174.47	162,985,851.56	0.00	0.00	0.00	0.00
Extranjero	3,259,046,607.73	3,309,575,019.73	3,328,051,394.60	0.00	0.00	0.00	0.00
Menos Provisiones	68,974,329.78	69,080,100.39	69,241,814.00	0.00	0.00	0.00	0.00
Locales	800,616.34	800,616.34	800,616.34	0.00	0.00	0.00	0.00
Extranjero	68,173,713.44	68,279,484.05	68,441,197.66	0.00	0.00	0.00	0.00
INVERSIONES EN VALORES	275,295,067.05	330,636,735.82	567,230,391.38	0.00	0.00	0.00	0.00
Locales	19,807,400.00	20,009,800.00	58,968,900.00	0.00	0.00	0.00	0.00
Extranjero	255,487,667.05	310,626,935.82	508,261,491.38	0.00	0.00	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 ACTIVOS	91,679,069.89	103,815,193.71	82,443,761.38	0.00	0.00	0.00	0.00
Locales	7,040,979.90	1,314,560.20	2,665,403.63	0.00	0.00	0.00	0.00
Extranjero	84,638,089.99	102,500,633.51	79,778,357.75	0.00	0.00	0.00	0.00
TOTAL DE ACTIVOS	3,944,199,038.91	4,059,216,381.15	4,303,459,999.23	0.00	0.00	0.00	0.00
DEPOSITOS	1,380,740,164.51	1,433,042,487.41	1,366,022,118.75	0.00	0.00	0.00	0.00
Locales	267,002,901.04	277,920,926.83	233,790,842.82	0.00	0.00	0.00	0.00
Oficiales	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De Particulares	0.00	0.00	1,500,000.00	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
A Plazo	0.00	0.00	1,500,000.00	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	267,002,901.04	277,920,926.83	232,290,842.82	0.00	0.00	0.00	0.00
A la Vista	18,201,829.30	16,078,149.99	14,556,815.17	0.00	0.00	0.00	0.00
A Plazo	248,801,071.74	261,842,776.84	217,734,027.65	0.00	0.00	0.00	0.00
Extranjero	1,113,737,263.47	1,155,121,560.58	1,132,231,275.93	0.00	0.00	0.00	0.00
Oficiales	0.00	0.00	0.00	0.00	0.00	0.00	0.00
De Particulares	72,649,022.78	67,948,910.47	64,376,677.08	0.00	0.00	0.00	0.00
A la Vista	4,921,522.78	6,048,910.47	6,876,677.08	0.00	0.00	0.00	0.00
A Plazo	67,727,500.00	61,900,000.00	57,500,000.00	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	1,041,088,240.69	1,087,172,650.11	1,067,854,598.85	0.00	0.00	0.00	0.00
A la Vista	85,912,030.44	68,686,710.76	38,376,124.31	0.00	0.00	0.00	0.00
A Plazo	955,176,210.25	1,018,485,939.35	1,029,478,474.54	0.00	0.00	0.00	0.00
OBLIGACIONES	1,872,529,067.84	1,932,074,675.59	2,264,160,050.93	0.00	0.00	0.00	0.00
Locales	30,000,000.00	30,003,495.42	30,000,000.00	0.00	0.00	0.00	0.00
Extranjero	1,842,529,067.84	1,902,071,180.17	2,234,160,050.93	0.00	0.00	0.00	0.00
OTROS PASIVOS	97,932,784.34	102,225,519.63	80,857,276.05	0.00	0.00	0.00	0.00
Locales	13,645,489.19	6,679,482.59	4,690,207.91	0.00	0.00	0.00	0.00
Extranjero	84,287,295.15	95,546,037.04	76,167,068.14	0.00	0.00	0.00	0.00
PATRIMONIO	592,997,022.26	591,873,698.49	592,420,553.46	0.00	0.00	0.00	0.00
Capital	280,780,245.67	281,329,619.86	281,410,170.05	0.00	0.00	0.00	0.00
Reservas de Capital	95,210,153.67	95,210,153.67	95,210,153.67	0.00	0.00	0.00	0.00
Otras Reservas	-185,426.66	-239,865.66	-467,361.66	0.00	0.00	0.00	0.00
Utilidad de Periodos Anteriores	190,897,408.07	190,897,408.07	190,897,408.07	0.00	0.00	0.00	0.00
Utilidad de Periodo	26,750,808.21	29,401,075.86	32,935,593.05	0.00	0.00	0.00	0.00
Ganancia o Perdida en Valores Disponible para la venta	-456,166.70	-4,724,693.31	-7,565,409.72	0.00	0.00	0.00	0.00
Deuda Subordinada	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PASIVO Y PATRIMONIO	3,944,199,038.95	4,059,216,381.12	4,303,459,999.19	0.00	0.00	0.00	0.00

	1 de Octubre de 2007
	ESTADO DE RESULTADO BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. ENERO - AGOSTO 2007
	(En Balboas)
Descripcion	Enero	Febrero	Marzo	Trimestre I	Abril	Mayo	Junio	Trimestre II	Julio
Ingresos Por Intereses	19,655,049.68	17,737,463.67	20,683,853.26	58,076,366.61	20,058,754.09	20,588,522.78	19,794,528.99	60,441,805.86	20,732,440.03
Préstamos	16,952,273.81	15,700,845.01	17,395,096.07	50,048,214.89	17,561,997.10	18,564,562.05	17,925,837.23	54,052,396.38	18,786,542.10
Depósitos	868,382.96	769,848.68	996,685.10	2,634,916.74	930,193.10	947,201.26	960,774.98	2,838,169.34	1,006,987.43
Inversiones	1,834,392.91	1,266,769.98	2,292,072.09	5,393,234.98	1,566,563.89	1,076,759.47	907,916.78	3,551,240.14	938,910.50
Egresos de Operaciones	14,530,876.98	12,967,599.32	15,468,817.28	42,967,293.58	15,028,135.92	15,439,705.90	14,664,128.13	45,131,969.95	15,472,983.06
Intereses Pagados	14,529,189.99	12,965,836.71	15,461,564.58	42,956,591.28	15,022,210.56	15,433,623.24	14,661,042.64	45,116,876.44	15,455,164.59
Comisiones	1,686.99	1,762.61	7,252.70	10,702.30	5,925.36	6,082.66	3,085.49	15,093.51	17,818.47
Ingreso Neto de Intereses	5,124,172.70	4,769,864.35	5,215,035.98	15,109,073.03	5,030,618.17	5,148,816.88	5,130,400.86	15,309,835.91	5,259,456.97
Otros Ingresos	3,252,247.96	263,977.66	-5,382.34	3,510,843.28	3,971,172.09	721,461.97	29,892.44	4,722,526.50	185,405.00
Comisiones	532,215.31	345,294.45	369,807.89	1,247,317.65	339,094.38	465,924.72	548,985.88	1,354,004.98	452,907.06
Operaciones con Divisas	-31,867.58	-61,017.34	101,256.36	8,371.44	-27,051.00	13,600.37	-27,484.49	-40,935.12	-22,866.71
Otros ingresos	2,751,900.23	-20,299.45	-476,446.59	2,255,154.19	3,659,128.71	241,936.88	-491,608.95	3,409,456.64	-244,635.35
Ingresos de Operaciones	8,376,420.66	5,033,842.01	5,209,653.64	18,619,916.31	9,001,790.26	5,870,278.85	5,160,293.30	20,032,362.41	5,444,861.97
Egresos Generales	2,251,267.03	2,191,933.98	-3,851,437.28	591,763.73	1,827,221.74	2,413,083.70	-4,519,727.26	-279,421.82	2,794,594.32
Gastos Administrativos	1,389,320.94	1,152,761.57	1,378,644.88	3,920,727.39	876,276.06	1,379,731.65	2,133,608.72	4,389,616.43	1,403,245.40
Gastos Generales	230,861.37	393,847.95	424,127.86	1,048,837.18	423,230.11	511,507.00	415,011.34	1,349,748.45	881,574.41
Gastos de Depreciación	228,406.64	164,173.56	213,327.01	605,907.21	202,702.28	199,719.24	214,359.49	616,781.01	176,484.52
Otros Gastos	402,678.08	481,150.90	-5,867,537.03	-4,983,708.05	325,013.29	322,125.81	-7,282,706.81	-6,635,567.71	333,289.99
Utilidad antes de Provisiones	6,125,153.63	2,841,908.03	9,061,090.92	18,028,152.58	7,174,568.52	3,457,195.15	9,680,020.56	20,311,784.23	2,650,267.65
Provisiones por Cuentas Malas	0.00	0.00	5,354,115.61	5,354,115.61	0.00	0.00	6,235,012.99	6,235,012.99	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	3,457,195.15	3,445,007.57	14,076,771.24	2,650,267.65

	1 de Octubre de 2007
	ESTADO DE RESULTADO BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. ENERO - AGOSTO 2007
	(En Balboas)
Descripcion	Agosto	Septiembre	Trimestre III	Octubre	Noviembre	Diciembre	Trimestre IV	Acumulado Anual
Ingresos Por Intereses	23,291,729.77	0.00	44,024,169.80	0.00	0.00	0.00	0.00	162,542,342.27
Préstamos	19,800,525.97	0.00	38,587,068.07	0.00	0.00	0.00	0.00	142,687,679.34
Depósitos	1,216,478.78	0.00	2,223,466.21	0.00	0.00	0.00	0.00	7,696,552.29
Inversiones	2,274,725.02	0.00	3,213,635.52	0.00	0.00	0.00	0.00	12,158,110.64
Egresos de Operaciones	17,563,471.24	0.00	33,036,454.30	0.00	0.00	0.00	0.00	121,135,717.83
Intereses Pagados	17,557,775.67	0.00	33,012,940.26	0.00	0.00	0.00	0.00	121,086,407.98
Comisiones	5,695.57	0.00	23,514.04	0.00	0.00	0.00	0.00	49,309.85
Ingreso Neto de Intereses	5,728,258.53	0.00	10,987,715.50	0.00	0.00	0.00	0.00	41,406,624.44
Otros Ingresos	246,831.66	0.00	432,236.66	0.00	0.00	0.00	0.00	8,665,606.44
Comisiones	370,131.65	0.00	823,038.71	0.00	0.00	0.00	0.00	3,424,361.34
Operaciones con Divisas	-26,519.09	0.00	-49,385.80	0.00	0.00	0.00	0.00	-81,949.48
Otros ingresos	-96,780.90	0.00	-341,416.25	0.00	0.00	0.00	0.00	5,323,194.58
Ingresos de Operaciones	5,975,090.19	0.00	11,419,952.16	0.00	0.00	0.00	0.00	50,072,230.88
Egresos Generales	2,440,573.00	0.00	5,235,167.32	0.00	0.00	0.00	0.00	5,547,509.23
Gastos Administrativos	1,361,234.98	0.00	2,764,480.38	0.00	0.00	0.00	0.00	11,074,824.20
Gastos Generales	535,317.02	0.00	1,416,891.43	0.00	0.00	0.00	0.00	3,815,477.06
Gastos de Depreciación	220,534.77	0.00	397,019.29	0.00	0.00	0.00	0.00	1,619,707.51
Otros Gastos	323,486.23	0.00	656,776.22	0.00	0.00	0.00	0.00	-10,962,499.54
Utilidad antes de Provisiones	3,534,517.19	0.00	6,184,784.84	0.00	0.00	0.00	0.00	44,524,721.65
Provisiones por Cuentas Malas	0.00	0.00	0.00	0.00	0.00	0.00	0.00	11,589,128.60
Utilidad del Periodo	3,534,517.19	0.00	6,184,784.84	0.00	0.00	0.00	0.00	32,935,593.05

	October 1, 2007
	BANCO LATINOAMERICANO DE EXPORTACIONES *BALANCE SHEETS DECEMBER 2006 AND JANUARY - AUGUST 2007 (In Balboas)
			2006	2007
Description	Absolute	%	December	January	February	March	April	May
LIQUID ASSETS	-71,660,008.52	-23.60	303,650,422.83	216,202,094.20	242,982,598.61	229,046,233.80	122,698,746.25	208,986,133.47
Local Deposits in Banks	850,726.87	489.23	173,891.04	171,541.89	211,225.69	198,143.77	164,062.71	162,204.31
Demand	850,726.87	489.23	173,891.04	171,541.89	211,225.69	198,143.77	164,062.71	162,204.31
Time	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Foreign Deposits in Banks	-72,519,675.01	-23.90	303,465,330.82	216,015,706.64	242,755,699.36	228,836,963.32	122,369,664.85	208,813,623.54
Demand	-3,819,675.01	-85.54	4,465,330.82	2,715,706.64	1,255,699.36	30,836,963.32	1,769,664.85	1,313,623.54
Time	-68,700,000.00	-22.98	299,000,000.00	213,300,000.00	241,500,000.00	198,000,000.00	120,600,000.00	207,500,000.00
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	8,939.62	79.81	11,200.97	14,845.67	15,673.56	11,126.71	165,018.69	10,305.62
CREDIT PORTFOLIO	492,289,384.39	16.80	2,929,506,047.77	3,036,256,324.76	3,027,768,900.81	3,245,204,307.99	3,206,861,456.42	3,196,112,772.51
Local	-30,829,924.71	-15.91	193,815,776.27	190,803,578.31	185,116,953.31	158,897,133.10	141,613,868.24	150,123,300.86
Foreign	541,095,601.10	19.42	2,786,955,793.50	2,896,713,920.80	2,893,913,101.85	3,142,920,079.84	3,121,860,493.13	3,102,571,114.20
Less Allowance	17,976,292.00	35.07	51,265,522.00	51,261,174.35	51,261,154.35	56,612,904.95	56,612,904.95	56,581,642.55
Local	-111,111.36	-12.19	911,727.70	911,727.70	911,727.70	811,234.26	811,234.26	779,971.86
Foreign	18,087,403.36	35.92	50,353,794.30	50,349,446.65	50,349,426.65	55,801,670.69	55,801,670.69	55,801,670.69
INVESTMENT SECURITIES	-10,427,972.29	-1.81	577,658,363.67	391,817,270.05	380,907,417.40	632,092,664.10	307,221,604.46	298,088,861.31
Local	39,046,500.00	195.99	19,922,400.00	19,804,200.00	20,027,600.00	20,085,000.00	20,043,400.00	19,836,600.00
Foreign	-49,474,472.29	-8.87	557,735,963.67	372,013,070.05	360,879,817.40	612,007,664.10	287,178,204.46	278,252,261.31
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	-35,273,369.05	-29.96	117,717,130.43	116,329,379.94	97,215,886.49	78,834,911.65	68,502,497.68	70,730,858.41
Local	-14,949,405.69	-84.87	17,614,809.32	20,511,965.87	10,276,743.98	5,315,339.04	5,574,415.85	2,523,285.04
Foreign	-20,323,963.36	-20.30	100,102,321.11	95,817,414.07	86,939,142.51	73,519,572.61	62,928,081.83	68,207,573.37
TOTAL ASSETS	374,928,034.53	9.54	3,928,531,964.70	3,760,605,068.95	3,748,874,803.31	4,185,178,117.54	3,705,284,304.81	3,773,918,625.70
DEPOSITS	309,348,035.33	29.28	1,056,674,083.42	1,169,378,225.85	1,222,705,231.77	1,380,142,876.22	1,283,560,136.96	1,286,109,030.56
Local	93,262,550.44	66.37	140,528,292.38	151,114,593.65	149,223,722.63	188,400,415.96	195,234,364.45	209,426,258.81
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Customers	1,500,000.00	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	1,500,000.00	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	91,762,550.44	65.30	140,528,292.38	151,114,593.65	149,223,722.63	188,400,415.96	195,234,364.45	209,426,258.81
Demand	2,166,432.36	17.48	12,390,382.81	9,751,662.28	13,366,002.78	10,542,777.13	9,856,408.16	7,495,530.19
Time	89,596,118.08	69.92	128,137,909.57	141,362,931.37	135,857,719.85	177,857,638.83	185,377,956.29	201,930,728.62
Foreign	216,085,484.89	23.59	916,145,791.04	1,018,263,632.20	1,073,481,509.14	1,191,742,460.26	1,088,325,772.51	1,076,682,771.75
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Customers	26,532,995.88	70.11	37,843,681.20	98,076,330.45	99,415,948.70	100,671,771.92	102,886,296.40	101,494,940.09
Demand	4,860,495.88	241.07	2,016,181.20	2,248,830.45	1,738,448.70	1,744,271.92	2,258,796.40	3,867,440.09
Time	21,672,500.00	60.49	35,827,500.00	95,827,500.00	97,677,500.00	98,927,500.00	100,627,500.00	97,627,500.00
Savings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
From Banks	189,552,489.01	21.58	878,302,109.84	920,187,301.75	974,065,560.44	1,091,070,688.34	985,439,476.11	975,187,831.66
Demand	-79,743,915.52	-67.51	118,120,039.83	82,782,206.23	95,490,878.75	90,198,396.99	44,057,196.58	91,161,295.26
Time	269,296,404.53	35.43	760,182,070.01	837,405,095.52	878,574,681.69	1,000,872,291.35	941,382,279.53	884,026,536.40
BORROWINGS	107,762,871.47	5.00	2,156,397,179.46	1,881,473,358.26	1,831,833,854.46	2,128,903,579.48	1,752,199,110.42	1,815,010,696.69
Local	0.00	0.00	30,000,000.00	30,000,000.00	31,868,459.90	30,000,000.00	30,000,000.00	30,000,000.00
Foreign	107,762,871.47	5.07	2,126,397,179.46	1,851,473,358.26	1,799,965,394.56	2,098,903,579.48	1,722,199,110.42	1,785,010,696.69
OTHER LIABILITIES	-48,983,579.66	-37.73	129,840,855.71	120,909,042.64	102,899,898.91	86,564,035.26	74,537,253.46	73,908,965.33
Local	-19,721,311.46	-80.79	24,411,519.37	11,702,379.03	10,338,688.73	8,310,708.32	5,536,711.21	6,037,289.13
Foreign	-29,262,268.20	-27.76	105,429,336.34	109,206,663.61	92,561,210.18	78,253,326.94	69,000,542.25	67,871,676.20
STOCKHOLDERS´ EQUITY	6,800,707.35	1.16	585,619,846.11	588,844,442.19	591,435,818.14	589,567,626.62	594,987,803.98	598,889,933.12
Capital	1,252,896.58	0.45	280,157,273.47	280,212,949.00	280,263,236.58	280,318,912.11	280,393,029.99	280,682,393.61
Capital Reserves	0.00	0.00	95,210,153.67	95,210,153.67	95,210,153.67	95,210,153.67	95,210,153.67	95,210,153.67
Other Reserves	-394,857.07	544.60	-72,504.59	68,218.00	22,274.00	-58,735.00	-76,326.00	-163,652.00
Retained Earnings	38,693,291.14	25.42	152,204,116.93	207,009,182.67	206,924,182.67	198,931,786.98	198,931,786.98	198,931,786.98
Net Income	-21,784,477.07	-39.81	54,720,070.12	6,125,153.63	8,967,061.66	12,674,036.97	19,848,605.49	23,305,800.64
Gain or Loss in Securities available for sale	-10,966,146.23	-322.46	3,400,736.51	218,785.22	48,909.56	2,491,471.89	680,553.85	923,450.22
Subordinated Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LIABILITIES AND STOCKHOLDER'S EQUITY	374,928,034.49	9.54	3,928,531,964.70	3,760,605,068.94	3,748,874,803.28	4,185,178,117.58	3,705,284,304.82	3,773,918,625.70

	October 1, 2007
	BANCO LATINOAMERICANO DE EXPORTACIONES *BALANCE SHEETS DECEMBER 2006 AND JANUARY - AUGUST 2007 (In Balboas)
	2007
Description	June	July	August	September	October	November	December
LIQUID ASSETS	230,906,612.74	225,251,357.81	231,990,414.31	0.00	0.00	0.00	0.00
Local Deposits in Banks	249,374.70	200,575.94	1,024,617.91	0.00	0.00	0.00	0.00
Demand	249,374.70	200,575.94	1,024,617.91	0.00	0.00	0.00	0.00
Time	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Foreign Deposits in Banks	230,648,229.85	225,046,711.62	230,945,655.81	0.00	0.00	0.00	0.00
Demand	17,748,229.85	6,846,711.62	645,655.81	0.00	0.00	0.00	0.00
Time	212,900,000.00	218,200,000.00	230,300,000.00	0.00	0.00	0.00	0.00
Less Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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	9,008.19	4,070.25	20,140.59	0.00	0.00	0.00	0.00
CREDIT PORTFOLIO	3,346,318,289.23	3,399,513,093.81	3,421,795,432.16	0.00	0.00	0.00	0.00
Local	156,246,011.28	159,018,174.47	162,985,851.56	0.00	0.00	0.00	0.00
Foreign	3,259,046,607.73	3,309,575,019.73	3,328,051,394.60	0.00	0.00	0.00	0.00
Less Allowance	68,974,329.78	69,080,100.39	69,241,814.00	0.00	0.00	0.00	0.00
Local	800,616.34	800,616.34	800,616.34	0.00	0.00	0.00	0.00
Foreign	68,173,713.44	68,279,484.05	68,441,197.66	0.00	0.00	0.00	0.00
INVESTMENT SECURITIES	275,295,067.05	330,636,735.82	567,230,391.38	0.00	0.00	0.00	0.00
Local	19,807,400.00	20,009,800.00	58,968,900.00	0.00	0.00	0.00	0.00
Foreign	255,487,667.05	310,626,935.82	508,261,491.38	0.00	0.00	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
OTHER ASSETS	91,679,069.89	103,815,193.71	82,443,761.38	0.00	0.00	0.00	0.00
Local	7,040,979.90	1,314,560.20	2,665,403.63	0.00	0.00	0.00	0.00
Foreign	84,638,089.99	102,500,633.51	79,778,357.75	0.00	0.00	0.00	0.00
TOTAL ASSETS	3,944,199,038.91	4,059,216,381.15	4,303,459,999.23	0.00	0.00	0.00	0.00
DEPOSITS	1,380,740,164.51	1,433,042,487.41	1,366,022,118.75	0.00	0.00	0.00	0.00
Local	267,002,901.04	277,920,926.83	233,790,842.82	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Customers	0.00	0.00	1,500,000.00	0.00	0.00	0.00	0.00
Demand	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Time	0.00	0.00	1,500,000.00	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	267,002,901.04	277,920,926.83	232,290,842.82	0.00	0.00	0.00	0.00
Demand	18,201,829.30	16,078,149.99	14,556,815.17	0.00	0.00	0.00	0.00
Time	248,801,071.74	261,842,776.84	217,734,027.65	0.00	0.00	0.00	0.00
Foreign	1,113,737,263.47	1,155,121,560.58	1,132,231,275.93	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Customers	72,649,022.78	67,948,910.47	64,376,677.08	0.00	0.00	0.00	0.00
Demand	4,921,522.78	6,048,910.47	6,876,677.08	0.00	0.00	0.00	0.00
Time	67,727,500.00	61,900,000.00	57,500,000.00	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	1,041,088,240.69	1,087,172,650.11	1,067,854,598.85	0.00	0.00	0.00	0.00
Demand	85,912,030.44	68,686,710.76	38,376,124.31	0.00	0.00	0.00	0.00
Time	955,176,210.25	1,018,485,939.35	1,029,478,474.54	0.00	0.00	0.00	0.00
BORROWINGS	1,872,529,067.84	1,932,074,675.59	2,264,160,050.93	0.00	0.00	0.00	0.00
Local	30,000,000.00	30,003,495.42	30,000,000.00	0.00	0.00	0.00	0.00
Foreign	1,842,529,067.84	1,902,071,180.17	2,234,160,050.93	0.00	0.00	0.00	0.00
OTHER LIABILITIES	97,932,784.34	102,225,519.63	80,857,276.05	0.00	0.00	0.00	0.00
Local	13,645,489.19	6,679,482.59	4,690,207.91	0.00	0.00	0.00	0.00
Foreign	84,287,295.15	95,546,037.04	76,167,068.14	0.00	0.00	0.00	0.00
STOCKHOLDERS´ EQUITY	592,997,022.26	591,873,698.49	592,420,553.46	0.00	0.00	0.00	0.00
Capital	280,780,245.67	281,329,619.86	281,410,170.05	0.00	0.00	0.00	0.00
Capital Reserves	95,210,153.67	95,210,153.67	95,210,153.67	0.00	0.00	0.00	0.00
Other Reserves	-185,426.66	-239,865.66	-467,361.66	0.00	0.00	0.00	0.00
Retained Earnings	190,897,408.07	190,897,408.07	190,897,408.07	0.00	0.00	0.00	0.00
Net Income	26,750,808.21	29,401,075.86	32,935,593.05	0.00	0.00	0.00	0.00
Gain or Loss in Securities available for sale	-456,166.70	-4,724,693.31	-7,565,409.72	0.00	0.00	0.00	0.00
Subordinated Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LIABILITIES AND STOCKHOLDER'S EQUITY	3,944,199,038.95	4,059,216,381.12	4,303,459,999.19	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).*

	October 1, 2007
	STATEMENTS OF INCOME * BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. JANUARY - AUGUST 2007
	(In Balboas)**
Description	January	February	March	I Quarter	April	May	June	II Quarter	July
Interest Income	19,655,049.68	17,737,463.67	20,683,853.26	58,076,366.61	20,058,754.09	20,588,522.78	19,794,528.99	60,441,805.86	20,732,440.03
Loans	16,952,273.81	15,700,845.01	17,395,096.07	50,048,214.89	17,561,997.10	18,564,562.05	17,925,837.23	54,052,396.38	18,786,542.10
Deposits	868,382.96	769,848.68	996,685.10	2,634,916.74	930,193.10	947,201.26	960,774.98	2,838,169.34	1,006,987.43
Investments	1,834,392.91	1,266,769.98	2,292,072.09	5,393,234.98	1,566,563.89	1,076,759.47	907,916.78	3,551,240.14	938,910.50
Interest Expense	14,530,876.98	12,967,599.32	15,468,817.28	42,967,293.58	15,028,135.92	15,439,705.90	14,664,128.13	45,131,969.95	15,472,983.06
Interest	14,529,189.99	12,965,836.71	15,461,564.58	42,956,591.28	15,022,210.56	15,433,623.24	14,661,042.64	45,116,876.44	15,455,164.59
Commissions	1,686.99	1,762.61	7,252.70	10,702.30	5,925.36	6,082.66	3,085.49	15,093.51	17,818.47
Net Interest Income	5,124,172.70	4,769,864.35	5,215,035.98	15,109,073.03	5,030,618.17	5,148,816.88	5,130,400.86	15,309,835.91	5,259,456.97
Other Income	3,252,247.96	263,977.66	-5,382.34	3,510,843.28	3,971,172.09	721,461.97	29,892.44	4,722,526.50	185,405.00
Commissions	532,215.31	345,294.45	369,807.89	1,247,317.65	339,094.38	465,924.72	548,985.88	1,354,004.98	452,907.06
Foreign currency operations	-31,867.58	-61,017.34	101,256.36	8,371.44	-27,051.00	13,600.37	-27,484.49	-40,935.12	-22,866.71
Other Income	2,751,900.23	-20,299.45	-476,446.59	2,255,154.19	3,659,128.71	241,936.88	-491,608.95	3,409,456.64	-244,635.35
Operating Income	8,376,420.66	5,033,842.01	5,209,653.64	18,619,916.31	9,001,790.26	5,870,278.85	5,160,293.30	20,032,362.41	5,444,861.97
Operating Expenses	2,251,267.03	2,191,933.98	-3,851,437.28	591,763.73	1,827,221.74	2,413,083.70	-4,519,727.26	-279,421.82	2,794,594.32
Administrative expenses	1,389,320.94	1,152,761.57	1,378,644.88	3,920,727.39	876,276.06	1,379,731.65	2,133,608.72	4,389,616.43	1,403,245.40
General expenses	230,861.37	393,847.95	424,127.86	1,048,837.18	423,230.11	511,507.00	415,011.34	1,349,748.45	881,574.41
Depreciation	228,406.64	164,173.56	213,327.01	605,907.21	202,702.28	199,719.24	214,359.49	616,781.01	176,484.52
Other expenses	402,678.08	481,150.90	-5,867,537.03	-4,983,708.05	325,013.29	322,125.81	-7,282,706.81	-6,635,567.71	333,289.99
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	3,457,195.15	9,680,020.56	20,311,784.23	2,650,267.65
Provision for loan losses	0.00	0.00	5,354,115.61	5,354,115.61	0.00	0.00	6,235,012.99	6,235,012.99	0.00
Net Income	6,125,153.63	2,841,908.03	3,706,975.31	12,674,036.97	7,174,568.52	3,457,195.15	3,445,007.57	14,076,771.24	2,650,267.65

	October 1, 2007
	STATEMENTS OF INCOME * BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. JANUARY - AUGUST 2007
	(In Balboas)**
Description	August	September	III Quarter	October	November	December	IV Quarter	Year to date
Interest Income	23,291,729.77	0.00	44,024,169.80	0.00	0.00	0.00	0.00	162,542,342.27
Loans	19,800,525.97	0.00	38,587,068.07	0.00	0.00	0.00	0.00	142,687,679.34
Deposits	1,216,478.78	0.00	2,223,466.21	0.00	0.00	0.00	0.00	7,696,552.29
Investments	2,274,725.02	0.00	3,213,635.52	0.00	0.00	0.00	0.00	12,158,110.64
Interest Expense	17,563,471.24	0.00	33,036,454.30	0.00	0.00	0.00	0.00	121,135,717.83
Interest	17,557,775.67	0.00	33,012,940.26	0.00	0.00	0.00	0.00	121,086,407.98
Commissions	5,695.57	0.00	23,514.04	0.00	0.00	0.00	0.00	49,309.85
Net Interest Income	5,728,258.53	0.00	10,987,715.50	0.00	0.00	0.00	0.00	41,406,624.44
Other Income	246,831.66	0.00	432,236.66	0.00	0.00	0.00	0.00	8,665,606.44
Commissions	370,131.65	0.00	823,038.71	0.00	0.00	0.00	0.00	3,424,361.34
Foreign currency operations	-26,519.09	0.00	-49,385.80	0.00	0.00	0.00	0.00	-81,949.48
Other Income	-96,780.90	0.00	-341,416.25	0.00	0.00	0.00	0.00	5,323,194.58
Operating Income	5,975,090.19	0.00	11,419,952.16	0.00	0.00	0.00	0.00	50,072,230.88
Operating Expenses	2,440,573.00	0.00	5,235,167.32	0.00	0.00	0.00	0.00	5,547,509.23
Administrative expenses	1,361,234.98	0.00	2,764,480.38	0.00	0.00	0.00	0.00	11,074,824.20
General expenses	535,317.02	0.00	1,416,891.43	0.00	0.00	0.00	0.00	3,815,477.06
Depreciation	220,534.77	0.00	397,019.29	0.00	0.00	0.00	0.00	1,619,707.51
Other expenses	323,486.23	0.00	656,776.22	0.00	0.00	0.00	0.00	-10,962,499.54
Net Income before provision for loan losses	3,534,517.19	0.00	6,184,784.84	0.00	0.00	0.00	0.00	44,524,721.65
Provision for loan losses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	11,589,128.60
Net Income	3,534,517.19	0.00	6,184,784.84	0.00	0.00	0.00	0.00	32,935,593.05