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 July, 2005

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 6-1497

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

Form 40-F

(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

(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.

July 20, 2005

	BANCO LATINOAMERICANO DE EXPORTACIONES, S.A.

	By:	/s/ PEDRO TOLL

	Name:	Pedro Toll
	Title:	Deputy Manager

		06 de Junio 2005
	BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE DE SITUACIÓN DE DICIEMBRE 2004 Y ABRIL 2005 (En Balboas)

					2004		2005

Descripción	Absoluta		%		Diciembre		Enero		Febrero		Marzo

ACTIVOS LIQUIDOS		10,980,704.94		7.10		154,765,632.34		126,835,963.62		93,130,123.32		246,830,814.22
Depositos Locales en Bancos		49,011.75		38.15		128,486.56		131,768.05		180,635.27		183,308.41
A la Vista		49,011.75		38.15		128,486.56		131,768.05		180,635.27		183,308.41
A Plazo		0.00		0.00		0.00		0.00		0.00		0.00
Depositos Extranjeros en Bancos		11,031,386.63		7.14		154,527,646.17		126,587,803.14		92,827,450.78		246,584,754.28
A la Vista		281,386.63		20.43		1,377,646.17		1,687,803.14		1,427,450.78		1,384,754.28
A Plazo		10,750,000.00		7.02		153,150,000.00		124,900,000.00		91,400,000.00		245,200,000.00
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		-99,693.44		-91.04		109,499.61		116,392.43		122,037.27		62,751.53
CARTERA CREDITICIA		-140,268,719.93		-6.01		2,335,333,746.88		2,200,288,081.94		2,311,552,908.36		2,230,311,623.92
Locales		-56,128,490.70		-17.74		316,462,763.13		306,197,617.57		313,957,482.59		256,924,470.10
Extranjero		-108,923,878.95		-5.13		2,125,223,091.05		1,987,270,083.63		2,092,122,463.44		2,054,955,611.40
Menos Provisiones		-24,783,649.72		-23.30		106,352,107.30		93,179,619.26		94,527,037.67		81,568,457.58
Locales		-5,707,209.69		-17.85		31,974,024.79		27,171,299.54		27,167,345.67		26,264,424.84
Extranjero		-19,076,440.03		-25.65		74,378,082.51		66,008,319.72		67,359,692.00		55,304,032.74
INVERSIONES EN VALORES		-63,764,080.05		-32.24		197,784,333.38		222,360,047.07		213,075,795.11		179,575,569.81
Locales		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		-63,764,080.05		-32.24		197,784,333.38		222,360,047.07		213,075,795.11		179,575,569.81
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		30,098,506.22		52.80		57,003,647.40		58,632,178.31		73,140,071.71		127,214,062.09
Locales		850,179.99		14.48		5,872,777.14		6,035,440.75		7,996,788.06		46,262,694.53
Extranjero		29,248,326.23		57.20		51,130,870.26		52,596,737.56		65,143,283.65		80,951,367.56
TOTAL DE ACTIVOS		-162,953,588.82		-5.94		2,744,887,360.00		2,608,116,270.94		2,690,898,898.50		2,783,932,070.04
DEPOSITOS		-84,903,954.48		-9.83		864,159,586.65		750,176,227.21		830,395,806.10		823,423,706.76
Locales		-9,083,508.13		-13.02		69,749,340.19		60,224,754.12		58,953,550.20		41,095,532.80
Oficiales		0.00		0.00		0.00		0.00		0.00		0.00
De Particuales		9,503.94		20.62		46,100.25		48,524.57		50,630.42		53,115.11
A la Vista		9,503.94		20.62		46,100.25		48,524.57		50,630.42		53,115.11
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		-9,093,012.07		-13.05		69,703,239.94		60,176,229.55		58,902,919.78		41,042,417.69
A la Vista		-3,003,274.00		-22.08		13,602,639.88		8,694,751.76		9,410,535.93		3,537,389.33
A Plazo		-6,089,738.07		-10.86		56,100,600.06		51,481,477.79		49,492,383.85		37,505,028.36
Extranjero		-75,820,446.35		-9.54		794,410,246.46		689,951,473.09		771,442,255.90		782,328,173.96
Oficiales		0.00		0.00		0.00		0.00		0.00		0.00
De Particulares		-117,897.47		-0.32		36,435,727.50		31,442,261.15		47,444,513.74		66,447,123.34
A la Vista		75,302.80		6.06		1,242,527.50		1,249,061.15		1,251,313.74		1,253,923.34
A Plazo		-193,200.00		-0.55		35,193,200.00		30,193,200.00		46,193,200.00		65,193,200.00
De Ahorros		0.00		0.00		0.00		0.00		0.00		0.00
De Bancos		-75,702,548.88		-9.99		757,974,518.96		658,509,211.94		723,997,742.16		715,881,050.62
A la Vista		1,064,634.62		13.78		7,727,920.49		7,638,493.80		8,031,826.70		8,973,604.08
A Plazo		-76,767,183.50		-10.23		750,246,598.47		650,870,718.14		715,965,915.46		706,907,446.54
OBLIGACIONES		-44,399,256.61		-3.98		1,116,199,364.39		1,091,852,850.63		1,083,644,441.38		1,148,782,105.22
Locales		-9,314,708.14		-30.12		30,926,544.85		30,926,544.85		30,926,544.85		24,077,680.89
Extranjero		-35,084,548.47		-3.23		1,085,272,819.54		1,060,926,305.78		1,052,717,896.53		1,124,704,424.33
OTROS PASIVOS		11,866,204.93		11.47		103,413,073.51		93,237,233.41		92,920,056.59		199,451,274.80
Locales		-886,535.98		-19.67		4,507,676.94		4,225,532.21		3,581,309.98		6,249,761.29
Extranjero		12,752,740.91		12.89		98,905,396.57		89,011,701.20		89,338,746.61		193,201,513.51
PATRIMONIO		-45,516,582.66		-6.88		661,115,335.45		672,849,959.69		683,938,594.43		612,274,983.26
Capital		16,920.84		0.01		321,137,166.85		321,137,166.85		321,137,166.85		321,154,087.69
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		0.00		0.00		0.00		0.00		0.00		0.00
Utilidad de Periodos Anteriores		58,106,506.80		59.94		96,937,866.40		238,685,540.45		238,685,540.05		155,044,373.42
Utilidad de Periodo		-100,083,753.74		-70.61		141,747,674.21		11,747,113.56		24,509,416.27		40,046,899.78
Ganancia o Perdida en Valores Disponible para la venta		-3,556,256.56		-58.47		6,082,474.32		6,069,985.16		4,396,317.59		819,468.70
Deuda Subordinada		0.00		0.00		0.00		0.00		0.00		0.00
PASIVO Y PATRIMONIO		-162,953,588.82		-5.94		2,744,887,360.00		2,608,116,270.94		2,690,898,898.50		2,783,932,070.04

	2005

Descripción	Abril		Mayo		Junio		Julio		Agosto		Septiembre		Octubre		Noviembre		Diciembre

ACTIVOS LIQUIDOS		165,746,337.28		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Depositos Locales en Bancos		177,498.31		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		177,498.31		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		165,559,032.80		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		1,659,032.80		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A Plazo		163,900,000.00		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		9,806.17		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
CARTERA CREDITICIA		2,195,065,026.95		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		260,334,272.43		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		2,016,299,212.10		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Menos Provisiones		81,568,457.58		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		26,266,815.10		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		55,301,642.48		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
INVERSIONES EN VALORES		134,020,253.33		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		134,020,253.33		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		87,102,153.62		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		6,722,957.13		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		80,379,196.49		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
TOTAL DE ACTIVOS		2,581,933,771.18		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
DEPOSITOS		779,255,632.17		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		60,665,832.06		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 Particuales		55,604.19		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		55,604.19		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		60,610,227.87		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		10,599,365.88		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A Plazo		50,010,861.99		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		718,589,800.11		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		36,317,830.03		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		1,317,830.30		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A Plazo		35,000,000.00		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		682,271,970.08		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A la Vista		8,792,555.11		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A Plazo		673,479,414.97		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
OBLIGACIONES		1,071,800,107.78		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		21,611,836.71		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		1,050,188,271.07		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
OTROS PASIVOS		115,279,278.44		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		3,621,140.96		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		111,658,137.48		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
PATRIMONIO		615,598,752.79		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Capital		321,154,087.69		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		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Utilidad de Periodos Anteriores		155,044,373.20		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Utilidad de Periodo		41,663,920.47		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		2,526,217.76		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		2,581,933,771.18		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

		06 de Junio 2005
	ESTADO DE RESULTADO BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. ABRIL 2005 (En Balboas)

Descripcion	Enero		Febrero		Marzo		Trimestre I		Abril		Mayo		Junio		Trimestre II

Ingresos Por Intereses		9,109,529.14		6,630,895.55		10,935,269.10		26,675,693.79		8,771,964.38		0.00		0.00		8,771,964.38
Préstamos		7,987,032.78		5,435,131.34		9,675,268.73		23,097,432.85		7,529,648.62		0.00		0.00		7,529,648.62
Depósitos		272,712.32		235,749.66		362,790.80		871,252.78		432,625.23		0.00		0.00		432,625.23
Inversiones		849,784.04		960,014.55		897,209.57		2,707,008.16		809,690.53		0.00		0.00		809,690.53
Egresos de Operaciones		4,727,393.98		4,280,980.75		6,529,684.34		15,538,059.07		5,173,680.14		0.00		0.00		5,173,680.14
Intereses Pagados		4,719,229.04		4,273,117.58		6,535,751.90		15,528,098.52		5,170,247.88		0.00		0.00		5,170,247.88
Comisiones		8,164.94		7,863.17		-6,067.56		9,960.55		3,432.26		0.00		0.00		3,432.26
Ingreso Neto de Intereses		4,382,135.16		2,349,914.80		4,405,584.76		11,137,634.72		3,598,284.24		0.00		0.00		3,598,284.24
Otros Ingresos		346,038.36		1,520,243.44		-116,318.38		1,749,963.42		-240,226.74		0.00		0.00		-240,226.74
Comisiones		334,501.70		337,129.40		926,409.93		1,598,041.03		346,839.66		0.00		0.00		346,839.66
Operaciones con Divisas		11,536.66		-2,391.89		-9,770.60		-625.83		65,810.38		0.00		0.00		65,810.38
Otros ingresos		0.00		1,185,505.93		-1,032,957.71		152,548.22		-652,876.78		0.00		0.00		-652,876.78
Ingresos de Operaciones		4,728,173.52		3,870,158.24		4,289,266.38		12,887,598.14		3,358,057.50		0.00		0.00		3,358,057.50
Egresos Generales		6,157,781.05		-10,239,562.88		-3,258,917.78		-7,340,699.61		1,741,036.81		0.00		0.00		1,741,036.81
Gastos Administrativos		919,974.84		1,187,710.00		1,814,645.70		3,922,330.54		1,187,177.08		0.00		0.00		1,187,177.08
Gastos Generales		193,085.86		330,270.68		444,937.95		968,294.49		299,958.83		0.00		0.00		299,958.83
Gastos de Depreciación		79,400.74		72,949.14		85,413.47		237,763.35		77,316.16		0.00		0.00		77,316.16
Otros Gastos		4,965,319.61		-11,830,492.70		-5,603,914.90		-12,469,087.99		176,584.74		0.00		0.00		176,584.74
Utilidad antes de Provisiones		-1,429,607.53		14,109,721.12		7,548,184.16		20,228,297.75		1,617,020.69		0.00		0.00		1,617,020.69
Provisiones por Cuentas Malas		-13,176,721.09		1,347,418.41		-7,989,299.35		-19,818,602.03		0.00		0.00		0.00		0.00
Utilidad del Periodo		11,747,113.56		12,762,302.71		15,537,483.51		40,046,899.78		1,617,020.69		0.00		0.00		1,617,020.69

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		35,447,658.17
Préstamos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		30,627,081.47
Depósitos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,303,878.01
Inversiones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		3,516,698.69
Egresos de Operaciones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		20,711,739.21
Intereses Pagados		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		20,698,346.40
Comisiones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		13,392.81
Ingreso Neto de Intereses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		14,735,918.96
Otros Ingresos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,509,736.68
Comisiones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,944,880.69
Operaciones con Divisas		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		65,184.55
Otros ingresos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		-500,328.56
Ingresos de Operaciones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		16,245,655.64
Egresos Generales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		-5,599,662.80
Gastos Administrativos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		5,109,507.62
Gastos Generales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,268,253.32
Gastos de Depreciación		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		315,079.51
Otros Gastos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		-12,292,503.25
Utilidad antes de Provisiones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		21,845,318.44
Provisiones por Cuentas Malas		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		-19,818,602.03
Utilidad del Periodo		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		41,663,920.47

		June 6, 2005
	BANCO LATINOAMERICANO DE EXPORTACIONES BALANCE SHEETS* December 2004 and April 2005 (In Balboas)**

					2004		2005

Description	Absolute		%		December		January		February		March

LIQUID ASSETS		10,980,704.94		7.10		154,765,632.34		126,835,963.62		93,130,123.32		246,830,814.22
Local Deposits in Banks		49,011.75		38.15		128,486.56		131,768.05		180,635.27		183,308.41
Demand		49,011.75		38.15		128,486.56		131,768.05		180,635.27		183,308.41
Time		0.00		0.00		0.00		0.00		0.00		0.00
Foreign Deposits in Banks		11,031,386.63		7.14		154,527,646.17		126,587,803.14		92,827,450.78		246,584,754.28
Demand		281,386.63		20.43		1,377,646.17		1,687,803.14		1,427,450.78		1,384,754.28
Time		10,750,000.00		7.02		153,150,000.00		124,900,000.00		91,400,000.00		245,200,000.00
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		-99,693.44		-91.04		109,499.61		116,392.43		122,037.27		62,751.53
CREDIT PORTFOLIO		-140,268,719.93		-6.01		2,335,333,746.88		2,200,288,081.94		2,311,552,908.36		2,230,311,623.92
Local		-56,128,490.70		-17.74		316,462,763.13		306,197,617.57		313,957,482.59		256,924,470.10
Foreign		-108,923,878.95		-5.13		2,125,223,091.05		1,987,270,083.63		2,092,122,463.44		2,054,955,611.40
Less Allowance		-24,783,649.72		-23.30		106,352,107.30		93,179,619.26		94,527,037.67		81,568,457.58
Local		-5,707,209.69		-17.85		31,974,024.79		27,171,299.54		27,167,345.67		26,264,424.84
Foreign		-19,076,440.03		-25.65		74,378,082.51		66,008,319.72		67,359,692.00		55,304,032.74
INVESTMENT SECURITIES		-63,764,080.05		-32.24		197,784,333.38		222,360,047.07		213,075,795.11		179,575,569.81
Local		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		-63,764,080.05		-32.24		197,784,333.38		222,360,047.07		213,075,795.11		179,575,569.81
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		30,098,506.22		52.80		57,003,647.40		58,632,178.31		73,140,071.71		127,214,062.09
Local		850,179.99		14.48		5,872,777.14		6,035,440.75		7,996,788.06		46,262,694.53
Foreign		29,248,326.23		57.20		51,130,870.26		52,596,737.56		65,143,283.65		80,951,367.56
TOTAL ASSETS		-162,953,588.82		-5.94		2,744,887,360.00		2,608,116,270.94		2,690,898,898.50		2,783,932,070.04
DEPOSITS		-84,903,954.48		-9.83		864,159,586.65		750,176,227.21		830,395,806.10		823,423,706.76
Local		-9,083,508.13		-13.02		69,749,340.19		60,224,754.12		58,953,550.20		41,095,532.80
Government		0.00		0.00		0.00		0.00		0.00		0.00
Customers		9,503.94		20.62		46,100.25		48,524.57		50,630.42		53,115.11
Demand		9,503.94		20.62		46,100.25		48,524.57		50,630.42		53,115.11
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		-9,093,012.07		-13.05		69,703,239.94		60,176,229.55		58,902,919.78		41,042,417.69
Demand		-3,003,274.00		-22.08		13,602,639.88		8,694,751.76		9,410,535.93		3,537,389.33
Time		-6,089,738.07		-10.86		56,100,600.06		51,481,477.79		49,492,383.85		37,505,028.36
Foreign		-75,820,446.35		-9.54		794,410,246.46		689,951,473.09		771,442,255.90		782,328,173.96
Government		0.00		0.00		0.00		0.00		0.00		0.00
Customers		-117,897.47		-0.32		36,435,727.50		31,442,261.15		47,444,513.74		66,447,123.34
Demand		75,302.80		6.06		1,242,527.50		1,249,061.15		1,251,313.74		1,253,923.34
Time		-193,200.00		-0.55		35,193,200.00		30,193,200.00		46,193,200.00		65,193,200.00
Savings		0.00		0.00		0.00		0.00		0.00		0.00
From Banks		-75,702,548.88		-9.99		757,974,518.96		658,509,211.94		723,997,742.16		715,881,050.62
Demand		1,064,634.62		13.78		7,727,920.49		7,638,493.80		8,031,826.70		8,973,604.08
Time		-76,767,183.50		-10.23		750,246,598.47		650,870,718.14		715,965,915.46		706,907,446.54
BORROWINGS		-44,399,256.61		-3.98		1,116,199,364.39		1,091,852,850.63		1,083,644,441.38		1,148,782,105.22
Local		-9,314,708.14		-30.12		30,926,544.85		30,926,544.85		30,926,544.85		24,077,680.89
Foreign		-35,084,548.47		-3.23		1,085,272,819.54		1,060,926,305.78		1,052,717,896.53		1,124,704,424.33
OTHER LIABILITIES		11,866,204.93		11.47		103,413,073.51		93,237,233.41		92,920,056.59		199,451,274.80
Local		-886,535.98		-19.67		4,507,676.94		4,225,532.21		3,581,309.98		6,249,761.29
Foreign		12,752,740.91		12.89		98,905,396.57		89,011,701.20		89,338,746.61		193,201,513.51
STOCKHOLDERS´ EQUITY		-45,516,582.66		-6.88		661,115,335.45		672,849,959.69		683,938,594.43		612,274,983.26
Capital		16,920.84		0.01		321,137,166.85		321,137,166.85		321,137,166.85		321,154,087.69
Capital Reserves		0.00		0.00		95,210,153.67		95,210,153.67		95,210,153.67		95,210,153.67
Other Reserves		0.00		0.00		0.00		0.00		0.00		0.00
Retained Earnings		58,106,506.80		59.94		96,937,866.40		238,685,540.45		238,685,540.05		155,044,373.42
Net Income		-100,083,753.74		-70.61		141,747,674.21		11,747,113.56		24,509,416.27		40,046,899.78
Gain or Loss in Securities available for sale		-3,556,256.56		-58.47		6,082,474.32		6,069,985.16		4,396,317.59		819,468.70
Subordinated Debt		0.00		0.00		0.00		0.00		0.00		0.00
LIABILITIES AND STOCKHOLDER'S EQUITY		-162,953,588.82		-5.94		2,744,887,360.00		2,608,116,270.94		2,690,898,898.50		2,783,932,070.04

	2005

Description	April		May		June		July		August		September		October		November		December

LIQUID ASSETS		165,746,337.28		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local Deposits in Banks		177,498.31		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		177,498.31		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		165,559,032.80		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		1,659,032.80		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Time		163,900,000.00		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		9,806.17		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
CREDIT PORTFOLIO		2,195,065,026.95		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		260,334,272.43		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		2,016,299,212.10		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Less Allowance		81,568,457.58		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		26,266,815.10		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		55,301,642.48		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
INVESTMENT SECURITIES		134,020,253.33		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		134,020,253.33		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		87,102,153.62		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		6,722,957.13		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		80,379,196.49		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
TOTAL ASSETS		2,581,933,771.18		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
DEPOSITS		779,255,632.17		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		60,665,832.06		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		55,604.19		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		55,604.19		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		60,610,227.87		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		10,599,365.88		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Time		50,010,861.99		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		718,589,800.11		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		36,317,830.03		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		1,317,830.30		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Time		35,000,000.00		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		682,271,970.08		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Demand		8,792,555.11		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Time		673,479,414.97		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
BORROWINGS		1,071,800,107.78		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		21,611,836.71		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		1,050,188,271.07		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
OTHER LIABILITIES		115,279,278.44		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		3,621,140.96		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		111,658,137.48		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
STOCKHOLDERS´ EQUITY		615,598,752.79		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Capital		321,154,087.69		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		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Retained Earnings		155,044,373.20		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Net Income		41,663,920.47		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Gain or Loss in Securities available for sale		2,526,217.76		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		2,581,933,771.18		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).

		June 6, 2005
	STATEMENTS OF INCOME * BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. April 2005 (In Balboas)**

Description	January		February		March		I Quarter		April		May		June		II Quarter

Interest Income		9,109,529.14		6,630,895.55		10,935,269.10		26,675,693.79		8,771,964.38		0.00		0.00		8,771,964.38
Loans		7,987,032.78		5,435,131.34		9,675,268.73		23,097,432.85		7,529,648.62		0.00		0.00		7,529,648.62
Deposits		272,712.32		235,749.66		362,790.80		871,252.78		432,625.23		0.00		0.00		432,625.23
Investments		849,784.04		960,014.55		897,209.57		2,707,008.16		809,690.53		0.00		0.00		809,690.53
Interest Expense		4,727,393.98		4,280,980.75		6,529,684.34		15,538,059.07		5,173,680.14		0.00		0.00		5,173,680.14
Interest		4,719,229.04		4,273,117.58		6,535,751.90		15,528,098.52		5,170,247.88		0.00		0.00		5,170,247.88
Commissions		8,164.94		7,863.17		-6,067.56		9,960.55		3,432.26		0.00		0.00		3,432.26
Net Interest Income		4,382,135.16		2,349,914.80		4,405,584.76		11,137,634.72		3,598,284.24		0.00		0.00		3,598,284.24
Other Income		346,038.36		1,520,243.44		-116,318.38		1,749,963.42		-240,226.74		0.00		0.00		-240,226.74
Commissions		334,501.70		337,129.40		926,409.93		1,598,041.03		346,839.66		0.00		0.00		346,839.66
Foreign currency operations		11,536.66		-2,391.89		-9,770.60		-625.83		65,810.38		0.00		0.00		65,810.38
Other Income		0.00		1,185,505.93		-1,032,957.71		152,548.22		-652,876.78		0.00		0.00		-652,876.78
Operating Income		4,728,173.52		3,870,158.24		4,289,266.38		12,887,598.14		3,358,057.50		0.00		0.00		3,358,057.50
Operating Expenses		6,157,781.05		-10,239,562.88		-3,258,917.78		-7,340,699.61		1,741,036.81		0.00		0.00		1,741,036.81
Administrative expenses		919,974.84		1,187,710.00		1,814,645.70		3,922,330.54		1,187,177.08		0.00		0.00		1,187,177.08
General expenses		193,085.86		330,270.68		444,937.95		968,294.49		299,958.83		0.00		0.00		299,958.83
Depreciation		79,400.74		72,949.14		85,413.47		237,763.35		77,316.16		0.00		0.00		77,316.16
Other expenses		4,965,319.61		-11,830,492.70		-5,603,914.90		-12,469,087.99		176,584.74		0.00		0.00		176,584.74
Net Income before provision for loan losses		-1,429,607.53		14,109,721.12		7,548,184.16		20,228,297.75		1,617,020.69		0.00		0.00		1,617,020.69
Provision for loan losses		-13,176,721.09		1,347,418.41		-7,989,299.35		-19,818,602.03		0.00		0.00		0.00		0.00
Net Income		11,747,113.56		12,762,302.71		15,537,483.51		40,046,899.78		1,617,020.69		0.00		0.00		1,617,020.69

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		35,447,658.17
Loans		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		30,627,081.47
Deposits		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,303,878.01
Investments		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		3,516,698.69
Interest Expense		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		20,711,739.21
Interest		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		20,698,346.40
Commissions		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		13,392.81
Net Interest Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		14,735,918.96
Other Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,509,736.68
Commissions		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,944,880.69
Foreign currency operations		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		65,184.55
Other Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		-500,328.56
Operating Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		16,245,655.64
Operating Expenses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		-5,599,662.80
Administrative expenses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		5,109,507.62
General expenses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,268,253.32
Depreciation		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		315,079.51
Other expenses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		-12,292,503.25
Net Income before provision for loan losses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		21,845,318.44
Provision for loan losses		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		-19,818,602.03
Net Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		41,663,920.47

* 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).