FOR
IMMEDIATE RELEASE
BLADEX
ANNOUNCES DEPARTURE OF
MR.
CARLOS YAP, CHIEF FINANCIAL OFFICER
Panama
City, Republic of Panama, December 5, 2007 - Banco Latinoamericano de
Exportaciones, S.A. (Bladex) (NYSE: BLX), announced today the departure
of Mr.
Carlos Yap, Chief Financial Officer, effective February 22, 2008, following
the
closing of the Bank’s 2007 books.
Mr.
Yap
leaves Bladex after 27 years to pursue other opportunities. He will be
replaced
by Mr. Jaime Celorio, who joined Bladex from Merrill Lynch and Goldman
Sachs in
New York and Mexico City. Mr. Celorio will be responsible for the Bank’s
financial management, as well as the interaction with rating agencies,
the
sell-side community, and investors.
Mr.
Jaime
Rivera, Bladex's Chief Executive Officer, stated the following regarding
the
change, "Carlos Yap leaves behind a long and distinguished record of
transparency and professionalism that speaks to the highest standards of
Bladex.
Personally, Carlos was at my side during the profound transformation process
implemented at the Bank. Like everyone at Bladex, I will miss him, and
wish to
thank him for his help and dedication. I also wish to welcome Jaime Celorio
to
our team. I am delighted to have someone with his superb qualifications
join
Bladex in the critically important Chief Financial Officer position, as
we
continue to execute on our ambitious plans for the Bank."
Bladex
is
a supranational bank originally established by the Central Banks of Latin
America and Caribbean countries to promote trade finance in the Region.
Based in
Panama, its shareholders include central and state-owned entities in 23
countries of the Region, as well as Latin American and international commercial
banks, and institutional and retail investors.
For
further information, please access our web site on the Internet at
www.blx.com
or
contact:
Bladex,
Head Office, Calle 50 y Aquilino de la Guardia, Panama, Republic
of
Panama
Attention:
Carlos Yap S., Senior Vice President - Finance
Tel.:
(507) 210-8563, E-mail:
cyap@blx.com
-or-
i-advize
Corporate Communications, Inc., 82 Wall Street, Suite 805,
New
York, NY 10005
Attention:
Melanie Carpenter or Peter Majeski
Tel.:
(212) 406-3690, E-mail:
bladex@i-advize.com
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