UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________
SCHEDULE 13G
(Amendment No. )
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Banco Latinoamericano De Exportaciones SA
--------------------------------------------------------------------------------
(Name of Issuer)
Class E Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
PAP169941328
--------------------------------------------------------------------------------
(CUSIP NUMBER)
August 31, 2005
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/X/ Rule 13d-1(b)
/ / Rule 13d-1(c)
/ / Rule 13d-1(d)
The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing the information which
would alter the disclosures provided for in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purposes of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to all other provisions of the
Act (however, see the Notes).
SCHEDULE 13G
====================== ==================
CUSIP No. PAP169941328 Page 2 of 5
====================== ==================
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS: MONDRIAN INVESTMENT PARTNERS LIMITED
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP or PLACE OF ORGANIZATION United Kingdom
--------------------------------------------------------------------------------
NUMBER OF SHARES 5. SOLE VOTING POWER 2,717,700
BENEFICIALLY -----------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH -----------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER 3,048,900
PERSON WITH -----------------------------------------------------------
8. SHARED DISPOSITIVE POWER
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,048,900
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES: __
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.411%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON CO:IA
--------------------------------------------------------------------------------
SCHEDULE 13G
====================== ==================
CUSIP No. PAP169941328 Page 3 of 5
====================== ==================
Item 1(a). Name of Issuer:
Banco Latinoamericano De Exportaciones SA
Item 1(b). Address of Issuer's Principal Executive Offices:
Calle 50 y Aquilino De Guardia
Apartado 6-1497 El Dorado
Panama City, Panama
Item 2(a). Name of Person Filing:
Mondrian Investment Partners Limited
Item 2(b). Address of Principal Business Office or, if None, Residence:
3rd Floor, 80 Cheapside, London EC2V 6EE
Item 2(c). Citizenship:
UK
Item 2(d). Title of Class of Securities:
Class E, Common Stock
Item 2(e). CUSIP Number:
PAP169941328
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of
the Exchange Act;
(b) [ ] Bank as defined in Section 3(a)(6) of the
Exchange Act;
(c) [ ] Insurance Company as defined in Section 3(a)(19)
of the Exchange Act;
(d) [ ] Investment Company registered under Section 8 of
the Investment Company Exchange Act;
(e) [x] Investment Adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [ ] Employee Benefit Plan or Endowment Fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
SCHEDULE 13G
====================== ==================
CUSIP No. PAP169941328 Page 4 of 5
====================== ==================
(g) [ ] Parent Holding Company or Control Person in
accordance with Rule 13d-1(b)(1)(ii)(G);
(h) [ ] Saving Association as defined in Section 3(b) of
The Federal Deposit Insurance Act;
(i) [ ] Church Plan that is excluded from the definition
of an Investment Company under Section 3(c)(14) of
the Investment Company Act;
(j) [ ] Group, in accordance with Rule
13d-1(b)(1)(ii)(J).
Item 4. Ownership.
(a) Amount beneficially owned: 3,048,900
(b) Percent of Class: Approximately 10.411% as of August 30,
2005 (based on 29,284,000 shares of
Class E Common Stock issued and
outstanding as of December 31, 2004)
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 2,717,700
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or direct the disposition
of: 3,048,900
(iv) Shared power to dispose or to direct the
disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following: [ ]
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
Not Applicable
SCHEDULE 13G
====================== ==================
CUSIP No. PAP169941328 Page 5 of 5
====================== ==================
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
August 30, 2005
-----------------------------
(Date)
Jane Goss
-----------------------------
(Signature)
Jane Goss/General Counsel
-----------------------------
(Name/Title)