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 February, 2006

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   x     Form 40-F   o

(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   o  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.

February 14, 2006

 

Banco Latinoamericano de Exportaciones, S.A.

 

 

 

 

 

 

 

By:

/s/ Pedro Toll

 

 


 

Name:

Pedro Toll

 

Title:

Deputy Manager




 

 

30 de Enero 2006

Message

BANCO LATINOAMERICANO DE EXPORTACIONES
BALANCE DE SITUACIÓN DE DICIEMBRE 2004 Y NOVIEMBRE 2005
(En Balboas)

 


   

Absoluta

     
2004
 
2005
 
     
 
 
 

Descripción

 

 

%

 

Diciembre

 

Enero

 

Febrero

 

Marzo

 

Abril

 


 


 


 


 


 


 


 


 

ACTIVOS LIQUIDOS

 

 

19,448,383.51

 

 

12.57

 

 

154,765,632.34

 

 

126,835,963.62

 

 

93,130,123.32

 

 

246,830,814.22

 

 

165,746,337.28

 

Depositos Locales en Bancos

 

 

-8,783.75

 

 

-6.84

 

 

128,486.56

 

 

131,768.05

 

 

180,635.27

 

 

183,308.41

 

 

177,498.31

 

A la Vista

 

 

-8,783.75

 

 

-6.84

 

 

128,486.56

 

 

131,768.05

 

 

180,635.27

 

 

183,308.41

 

 

177,498.31

 

A Plazo

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

Depositos Extranjeros en Bancos

 

 

19,554,636.57

 

 

12.65

 

 

154,527,646.17

 

 

126,587,803.14

 

 

92,827,450.78

 

 

246,584,754.28

 

 

165,559,032.80

 

A la Vista

 

 

1,804,636.57

 

 

130.99

 

 

1,377,646.17

 

 

1,687,803.14

 

 

1,427,450.78

 

 

1,384,754.28

 

 

1,659,032.80

 

A Plazo

 

 

17,750,000.00

 

 

11.59

 

 

153,150,000.00

 

 

124,900,000.00

 

 

91,400,000.00

 

 

245,200,000.00

 

 

163,900,000.00

 

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

 

 

-97,469.31

 

 

-89.01

 

 

109,499.61

 

 

116,392.43

 

 

122,037.27

 

 

62,751.53

 

 

9,806.17

 

CARTERA CREDITICIA

 

 

75,177,049.78

 

 

3.22

 

 

2,335,333,746.88

 

 

2,200,288,081.94

 

 

2,311,552,908.36

 

 

2,230,311,623.92

 

 

2,195,065,026.95

 

Locales

 

 

-140,382,427.42

 

 

-44.36

 

 

316,462,763.13

 

 

306,197,617.57

 

 

313,957,482.59

 

 

256,924,470.10

 

 

260,334,272.43

 

Extranjero

 

 

168,808,537.24

 

 

7.94

 

 

2,125,223,091.05

 

 

1,987,270,083.63

 

 

2,092,122,463.44

 

 

2,054,955,611.40

 

 

2,016,299,212.10

 

Menos Provisiones

 

 

-46,750,939.96

 

 

-43.96

 

 

106,352,107.30

 

 

93,179,619.26

 

 

94,527,037.67

 

 

81,568,457.58

 

 

81,568,457.58

 

Locales

 

 

-26,673,388.10

 

 

-83.42

 

 

31,974,024.79

 

 

27,171,299.54

 

 

27,167,345.67

 

 

26,264,424.84

 

 

26,266,815.10

 

Extranjero

 

 

-20,077,551.86

 

 

-26.99

 

 

74,378,082.51

 

 

66,008,319.72

 

 

67,359,692.00

 

 

55,304,032.74

 

 

55,301,642.48

 

INVERSIONES EN VALORES

 

 

-37,029,601.83

 

 

-18.72

 

 

197,784,333.38

 

 

222,360,047.07

 

 

213,075,795.11

 

 

179,575,569.81

 

 

134,020,253.33

 

Locales

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

Extranjero

 

 

-37,029,601.83

 

 

-18.72

 

 

197,784,333.38

 

 

222,360,047.07

 

 

213,075,795.11

 

 

179,575,569.81

 

 

134,020,253.33

 

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

 

 

116,203,172.53

 

 

203.85

 

 

57,003,647.40

 

 

58,632,178.31

 

 

73,140,071.71

 

 

127,214,062.09

 

 

87,102,153.62

 

Locales

 

 

3,801,207.68

 

 

64.73

 

 

5,872,777.14

 

 

6,035,440.75

 

 

7,996,788.06

 

 

46,262,694.53

 

 

6,722,957.13

 

Extranjero

 

 

112,401,964.85

 

 

219.83

 

 

51,130,870.26

 

 

52,596,737.56

 

 

65,143,283.65

 

 

80,951,367.56

 

 

80,379,196.49

 

TOTAL DE ACTIVOS

 

 

173,799,003.99

 

 

6.33

 

 

2,744,887,360.00

 

 

2,608,116,270.94

 

 

2,690,898,898.50

 

 

2,783,932,070.04

 

 

2,581,933,771.18

 

DEPOSITOS

 

 

132,787,141.83

 

 

15.37

 

 

864,159,586.65

 

 

750,176,227.21

 

 

830,395,806.10

 

 

823,423,706.76

 

 

779,255,632.17

 

Locales

 

 

-2,991,703.76

 

 

-4.29

 

 

69,749,340.19

 

 

60,224,754.12

 

 

58,953,550.20

 

 

41,095,532.80

 

 

60,665,832.06

 

Oficiales

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

De Particuales

 

 

19,741.37

 

 

42.82

 

 

46,100.25

 

 

48,524.57

 

 

50,630.42

 

 

53,115.11

 

 

55,604.19

 

A la Vista

 

 

19,741.37

 

 

42.82

 

 

46,100.25

 

 

48,524.57

 

 

50,630.42

 

 

53,115.11

 

 

55,604.19

 

A Plazo

 

 

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

 

De Bancos

 

 

-3,011,445.13

 

 

-4.32

 

 

69,703,239.94

 

 

60,176,229.55

 

 

58,902,919.78

 

 

41,042,417.69

 

 

60,610,227.87

 

A la Vista

 

 

-5,941,610.47

 

 

-43.68

 

 

13,602,639.88

 

 

8,694,751.76

 

 

9,410,535.93

 

 

3,537,389.33

 

 

10,599,365.88

 

A Plazo

 

 

2,930,165.34

 

 

5.22

 

 

56,100,600.06

 

 

51,481,477.79

 

 

49,492,383.85

 

 

37,505,028.36

 

 

50,010,861.99

 

Extranjero

 

 

135,778,845.59

 

 

17.09

 

 

794,410,246.46

 

 

689,951,473.09

 

 

771,442,255.90

 

 

782,328,173.96

 

 

718,589,800.11

 

Oficiales

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

De Particulares

 

 

2,909,824.45

 

 

7.99

 

 

36,435,727.50

 

 

31,442,261.15

 

 

47,444,513.74

 

 

66,447,123.34

 

 

36,317,830.03

 

A la Vista

 

 

103,024.45

 

 

8.29

 

 

1,242,527.50

 

 

1,249,061.15

 

 

1,251,313.74

 

 

1,253,923.34

 

 

1,317,830.03

 

A Plazo

 

 

2,806,800.00

 

 

7.98

 

 

35,193,200.00

 

 

30,193,200.00

 

 

46,193,200.00

 

 

65,193,200.00

 

 

35,000,000.00

 

De Ahorros

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

De Bancos

 

 

132,869,021.14

 

 

17.53

 

 

757,974,518.96

 

 

658,509,211.94

 

 

723,997,742.16

 

 

715,881,050.62

 

 

682,271,970.08

 

A la Vista

 

 

440,324.04

 

 

5.70

 

 

7,727,920.49

 

 

7,638,493.80

 

 

8,031,826.70

 

 

8,973,604.08

 

 

8,792,555.11

 

A Plazo

 

 

132,428,697.10

 

 

17.65

 

 

750,246,598.47

 

 

650,870,718.14

 

 

715,965,915.46

 

 

706,907,446.54

 

 

673,479,414.97

 

OBLIGACIONES

 

 

-23,419,502.32

 

 

-2.10

 

 

1,116,199,364.39

 

 

1,091,852,850.63

 

 

1,083,644,441.38

 

 

1,148,782,105.22

 

 

1,071,800,107.78

 

Locales

 

 

-20,130,704.85

 

 

-65.09

 

 

30,926,544.85

 

 

30,926,544.85

 

 

30,926,544.85

 

 

24,077,680.89

 

 

21,611,836.71

 

Extranjero

 

 

-3,288,797.47

 

 

-0.30

 

 

1,085,272,819.54

 

 

1,060,926,305.78

 

 

1,052,717,896.53

 

 

1,124,704,424.33

 

 

1,050,188,271.07

 

OTROS PASIVOS

 

 

107,748,517.06

 

 

104.19

 

 

103,413,073.51

 

 

93,237,233.41

 

 

92,920,056.59

 

 

199,451,274.80

 

 

115,279,278.44

 

Locales

 

 

1,004,049.22

 

 

22.27

 

 

4,507,676.94

 

 

4,225,532.21

 

 

3,581,309.98

 

 

6,249,761.29

 

 

3,621,140.96

 

Extranjero

 

 

106,744,467.84

 

 

107.93

 

 

98,905,396.57

 

 

89,011,701.20

 

 

89,338,746.61

 

 

193,201,513.51

 

 

111,658,137.48

 

PATRIMONIO

 

 

-43,317,152.58

 

 

-6.55

 

 

661,115,335.45

 

 

672,849,959.69

 

 

683,938,594.43

 

 

612,274,983.26

 

 

615,598,752.79

 

Capital

 

 

-13,655,564.81

 

 

-4.25

 

 

321,137,166.85

 

 

321,137,166.85

 

 

321,137,166.85

 

 

321,154,087.69

 

 

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

 

 

95,210,153.67

 

Otras Reservas

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

Utilidad de Periodos Anteriores

 

 

46,576,032.82

 

 

48.05

 

 

96,937,866.40

 

 

238,685,540.45

 

 

238,685,540.05

 

 

155,044,373.42

 

 

155,044,373.20

 

Utilidad de Periodo

 

 

-71,004,401.90

 

 

-50.09

 

 

141,747,674.21

 

 

11,747,113.56

 

 

24,509,416.27

 

 

40,046,899.78

 

 

41,663,920.47

 

Ganancia o Perdida en Valores Disponible para la venta

 

 

-5,233,218.69

 

 

-86.04

 

 

6,082,474.32

 

 

6,069,985.16

 

 

4,396,317.59

 

 

819,468.70

 

 

2,526,217.76

 

Deuda Subordinada

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

PASIVO Y PATRIMONIO

 

 

173,799,003.99

 

 

6.33

 

 

2,744,887,360.00

 

 

2,608,116,270.94

 

 

2,690,898,898.50

 

 

2,783,932,070.04

 

 

2,581,933,771.18

 


 

 

2005

 

 

 


 

Descripción

 

Mayo

 

Junio

 

Julio

 

Agosto

 

Septiembre

 

Octubre

 

Noviembre

 

Diciembre

 


 



 



 



 



 



 



 



 



 

ACTIVOS LIQUIDOS

 

 

125,380,354.01

 

 

164,116,649.45

 

 

166,129,612.46

 

 

159,795,987.38

 

 

207,343,679.15

 

 

99,488,819.89

 

 

174,214,015.85

 

 

0.00

 

Depositos Locales en Bancos

 

 

217,923.04

 

 

235,315.13

 

 

128,236.24

 

 

123,445.09

 

 

169,358.44

 

 

133,788.20

 

 

119,702.81

 

 

0.00

 

A la Vista

 

 

217,923.04

 

 

235,315.13

 

 

128,236.24

 

 

123,445.09

 

 

169,358.44

 

 

133,788.20

 

 

119,702.81

 

 

0.00

 

A Plazo

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

Depositos Extranjeros en Bancos

 

 

125,150,503.59

 

 

163,844,242.64

 

 

165,986,645.14

 

 

159,658,813.98

 

 

207,164,607.54

 

 

99,342,898.20

 

 

174,082,282.74

 

 

0.00

 

A la Vista

 

 

1,550,503.59

 

 

1,344,242.64

 

 

1,286,645.14

 

 

2,858,813.98

 

 

3,264,607.54

 

 

3,242,898.20

 

 

3,182,282.74

 

 

0.00

 

A Plazo

 

 

123,600,000.00

 

 

162,500,000.00

 

 

164,700,000.00

 

 

156,800,000.00

 

 

203,900,000.00

 

 

96,100,000.00

 

 

170,900,000.00

 

 

0.00

 

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

 

 

11,927.38

 

 

37,091.68

 

 

14,731.08

 

 

13,728.31

 

 

9,713.17

 

 

12,133.49

 

 

12,030.30

 

 

0.00

 

CARTERA CREDITICIA

 

 

2,109,455,510.83

 

 

2,168,389,848.69

 

 

2,232,042,251.37

 

 

2,184,745,347.76

 

 

2,303,599,131.18

 

 

2,291,626,326.05

 

 

2,410,510,796.66

 

 

0.00

 

Locales

 

 

195,854,139.09

 

 

188,854,006.60

 

 

176,926,371.26

 

 

157,776,236.70

 

 

166,276,258.25

 

 

164,776,119.88

 

 

176,080,335.71

 

 

0.00

 

Extranjero

 

 

1,995,169,829.32

 

 

2,055,241,010.71

 

 

2,133,192,508.21

 

 

2,105,106,513.23

 

 

2,196,831,734.45

 

 

2,186,451,373.51

 

 

2,294,031,628.29

 

 

0.00

 

Menos Provisiones

 

 

81,568,457.58

 

 

75,705,168.62

 

 

78,076,628.10

 

 

78,137,402.17

 

 

59,508,861.52

 

 

59,601,167.34

 

 

59,601,167.34

 

 

0.00

 

Locales

 

 

25,913,946.03

 

 

25,814,699.06

 

 

6,690,068.62

 

 

6,597,879.04

 

 

5,318,493.85

 

 

5,435,750.59

 

 

5,300,636.69

 

 

0.00

 

Extranjero

 

 

55,654,511.55

 

 

49,890,469.56

 

 

71,386,559.48

 

 

71,539,523.13

 

 

54,190,367.67

 

 

54,165,416.75

 

 

54,300,530.65

 

 

0.00

 

INVERSIONES EN VALORES

 

 

101,257,246.28

 

 

90,134,215.65

 

 

121,055,920.72

 

 

224,740,424.69

 

 

271,124,564.31

 

 

266,584,952.62

 

 

160,754,731.55

 

 

0.00

 

Locales

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

Extranjero

 

 

101,257,246.28

 

 

90,134,215.65

 

 

121,055,920.72

 

 

224,740,424.69

 

 

271,124,564.31

 

 

266,584,952.62

 

 

160,754,731.55

 

 

0.00

 

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 ACTIVOS

 

 

91,311,898.32

 

 

86,921,829.37

 

 

91,763,468.53

 

 

98,392,466.37

 

 

97,536,981.24

 

 

103,706,247.79

 

 

173,206,819.93

 

 

0.00

 

Locales

 

 

5,824,467.33

 

 

6,393,431.20

 

 

9,767,325.11

 

 

9,570,363.73

 

 

8,926,928.44

 

 

9,099,765.25

 

 

9,673,984.82

 

 

0.00

 

Extranjero

 

 

85,487,430.99

 

 

80,528,398.17

 

 

81,996,143.42

 

 

88,822,102.64

 

 

88,610,052.80

 

 

94,606,482.54

 

 

163,532,835.11

 

 

0.00

 

TOTAL DE ACTIVOS

 

 

2,427,405,009.44

 

 

2,509,562,543.16

 

 

2,610,991,253.08

 

 

2,667,674,226.20

 

 

2,879,604,355.88

 

 

2,761,406,346.35

 

 

2,918,686,363.99

 

 

0.00

 

DEPOSITOS

 

 

809,831,152.87

 

 

905,061,289.11

 

 

906,840,369.23

 

 

818,022,782.83

 

 

1,005,729,331.04

 

 

973,620,520.46

 

 

996,946,728.48

 

 

0.00

 

Locales

 

 

46,651,430.45

 

 

53,964,285.31

 

 

49,841,636.59

 

 

46,541,848.80

 

 

75,140,230.47

 

 

57,867,055.15

 

 

66,757,636.43

 

 

0.00

 

Oficiales

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

De Particuales

 

 

58,122.95

 

 

60,640.16

 

 

63,169.91

 

 

65,740.53

 

 

68,247.15

 

 

70,907.03

 

 

65,841.62

 

 

0.00

 

A la Vista

 

 

58,122.95

 

 

60,640.16

 

 

63,169.91

 

 

65,740.53

 

 

68,247.15

 

 

70,907.03

 

 

65,841.62

 

 

0.00

 

A Plazo

 

 

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

 

De Bancos

 

 

46,593,307.50

 

 

53,903,645.15

 

 

49,778,466.68

 

 

46,476,108.27

 

 

75,071,983.32

 

 

57,796,148.12

 

 

66,691,794.81

 

 

0.00

 

A la Vista

 

 

8,065,956.93

 

 

12,564,555.48

 

 

8,006,961.52

 

 

3,685,014.14

 

 

5,257,634.24

 

 

5,183,185.08

 

 

7,661,029.41

 

 

0.00

 

A Plazo

 

 

38,527,350.57

 

 

41,339,089.67

 

 

41,771,505.16

 

 

42,791,094.13

 

 

69,814,349.08

 

 

52,612,963.04

 

 

59,030,765.40

 

 

0.00

 

Extranjero

 

 

763,179,722.42

 

 

851,097,003.80

 

 

856,998,732.64

 

 

771,480,934.03

 

 

930,589,100.57

 

 

915,753,465.31

 

 

930,189,092.05

 

 

0.00

 

Oficiales

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

De Particulares

 

 

36,321,376.46

 

 

66,322,078.69

 

 

36,329,487.82

 

 

36,333,274.55

 

 

41,836,883.26

 

 

39,345,089.93

 

 

39,345,551.95

 

 

0.00

 

A la Vista

 

 

1,321,376.46

 

 

1,322,078.69

 

 

1,329,487.82

 

 

1,333,274.55

 

 

1,336,883.26

 

 

1,345,089.93

 

 

1,345,551.95

 

 

0.00

 

A Plazo

 

 

35,000,000.00

 

 

65,000,000.00

 

 

35,000,000.00

 

 

35,000,000.00

 

 

40,500,000.00

 

 

38,000,000.00

 

 

38,000,000.00

 

 

0.00

 

De Ahorros

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

De Bancos

 

 

726,858,345.96

 

 

784,774,925.11

 

 

820,669,244.82

 

 

735,147,659.48

 

 

888,752,217.31

 

 

876,408,375.38

 

 

890,843,540.10

 

 

0.00

 

A la Vista

 

 

9,081,609.74

 

 

7,484,766.32

 

 

7,725,660.46

 

 

7,810,164.81

 

 

8,949,638.93

 

 

7,780,648.13

 

 

8,168,244.53

 

 

0.00

 

A Plazo

 

 

717,776,736.22

 

 

777,290,158.79

 

 

812,943,584.36

 

 

727,337,494.67

 

 

879,802,578.38

 

 

868,627,727.25

 

 

882,675,295.57

 

 

0.00

 

OBLIGACIONES

 

 

885,343,879.21

 

 

869,715,206.28

 

 

970,334,725.92

 

 

1,113,195,670.56

 

 

1,120,512,676.88

 

 

1,032,161,093.63

 

 

1,092,779,862.07

 

 

0.00

 

Locales

 

 

8,298,810.00

 

 

20,855,194.60

 

 

20,855,194.60

 

 

20,956,726.29

 

 

30,937,952.19

 

 

30,937,952.19

 

 

10,795,840.00

 

 

0.00

 

Extranjero

 

 

877,045,069.21

 

 

848,860,011.68

 

 

949,479,531.32

 

 

1,092,238,944.27

 

 

1,089,574,724.69

 

 

1,001,223,141.44

 

 

1,081,984,022.07

 

 

0.00

 

OTROS PASIVOS

 

 

120,411,105.61

 

 

124,578,025.26

 

 

121,678,500.95

 

 

124,364,492.93

 

 

138,635,770.63

 

 

140,498,117.32

 

 

211,161,590.57

 

 

0.00

 

Locales

 

 

3,301,107.18

 

 

3,344,917.70

 

 

3,683,226.85

 

 

3,777,233.24

 

 

4,069,272.05

 

 

4,825,288.90

 

 

5,511,726.16

 

 

0.00

 

Extranjero

 

 

117,109,998.43

 

 

121,233,107.56

 

 

117,995,274.10

 

 

120,587,259.69

 

 

134,566,498.58

 

 

135,672,828.42

 

 

205,649,864.41

 

 

0.00

 

PATRIMONIO

 

 

611,818,871.75

 

 

610,208,022.51

 

 

612,137,656.98

 

 

612,091,279.88

 

 

614,726,577.33

 

 

615,126,614.94

 

 

617,798,182.87

 

 

0.00

 

Capital

 

 

316,071,772.45

 

 

315,835,551.61

 

 

315,977,417.20

 

 

313,904,553.03

 

 

307,496,965.04

 

 

307,496,965.04

 

 

307,481,602.04

 

 

0.00

 

Reservas de Capital

 

 

95,210,153.67

 

 

95,210,153.67

 

 

95,210,153.67

 

 

95,210,153.67

 

 

95,210,153.67

 

 

95,210,153.67

 

 

95,210,153.67

 

 

0.00

 

Otras Reservas

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

Utilidad de Periodos Anteriores

 

 

155,044,373.24

 

 

149,289,882.71

 

 

149,242,926.35

 

 

149,242,926.35

 

 

143,513,899.12

 

 

143,513,899.12

 

 

143,513,899.22

 

 

0.00

 

Utilidad de Periodo

 

 

43,742,069.87

 

 

48,168,218.58

 

 

50,420,029.40

 

 

52,681,974.87

 

 

63,706,675.62

 

 

66,074,900.16

 

 

70,743,272.31

 

 

0.00

 

Ganancia o Perdida en Valores Disponible para la venta

 

 

1,750,502.52

 

 

1,704,215.94

 

 

1,287,130.36

 

 

1,051,671.96

 

 

4,798,883.88

 

 

2,830,696.95

 

 

849,255.63

 

 

0.00

 

Deuda Subordinada

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

PASIVO Y PATRIMONIO

 

 

2,427,405,009.44

 

 

2,509,562,543.16

 

 

2,610,991,253.08

 

 

2,667,674,226.20

 

 

2,879,604,355.88

 

 

2,761,406,346.35

 

 

2,918,686,363.99

 

 

0.00

 




 

 

30 de Enero de 2006

 

 

 

Message

ESTADO DE RESULTADO
BANCO  LATINOAMERICANO DE EXPORTACIONES, S.A.
NOVIEMBRE 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

 

 

7,894,063.55

 

 

8,394,976.13

 

 

25,061,004.06

 

Préstamos

 

 

7,987,032.78

 

 

5,435,131.34

 

 

9,675,268.73

 

 

23,097,432.85

 

 

7,529,648.62

 

 

6,966,109.26

 

 

7,590,661.07

 

 

22,086,418.95

 

Depósitos

 

 

272,712.32

 

 

235,749.66

 

 

362,790.80

 

 

871,252.78

 

 

432,625.23

 

 

395,823.74

 

 

377,428.58

 

 

1,205,877.55

 

Inversiones

 

 

849,784.04

 

 

960,014.55

 

 

897,209.57

 

 

2,707,008.16

 

 

809,690.53

 

 

532,130.55

 

 

426,886.48

 

 

1,768,707.56

 

Egresos de Operaciones

 

 

4,727,393.98

 

 

4,280,980.75

 

 

6,529,684.34

 

 

15,538,059.07

 

 

5,173,680.14

 

 

5,003,978.66

 

 

4,952,743.44

 

 

15,130,402.24

 

Intereses Pagados

 

 

4,719,229.04

 

 

4,273,117.58

 

 

6,535,751.90

 

 

15,528,098.52

 

 

5,170,247.88

 

 

5,001,390.69

 

 

4,949,985.66

 

 

15,121,624.23

 

Comisiones

 

 

8,164.94

 

 

7,863.17

 

 

-6,067.56

 

 

9,960.55

 

 

3,432.26

 

 

2,587.97

 

 

2,757.78

 

 

8,778.01

 

Ingreso Neto de Intereses

 

 

4,382,135.16

 

 

2,349,914.80

 

 

4,405,584.76

 

 

11,137,634.72

 

 

3,598,284.24

 

 

2,890,084.89

 

 

3,442,232.69

 

 

9,930,601.82

 

Otros Ingresos

 

 

346,038.36

 

 

1,520,243.44

 

 

-116,318.38

 

 

1,749,963.42

 

 

-240,226.74

 

 

1,194,927.08

 

 

213,064.54

 

 

1,167,764.88

 

Comisiones

 

 

334,501.70

 

 

337,129.40

 

 

926,409.93

 

 

1,598,041.03

 

 

346,839.66

 

 

386,381.25

 

 

300,640.23

 

 

1,033,861.14

 

Operaciones con Divisas

 

 

11,536.66

 

 

-2,391.89

 

 

-9,770.60

 

 

-625.83

 

 

65,810.38

 

 

1,833,674.88

 

 

-1,858,931.82

 

 

40,553.44

 

Otros ingresos

 

 

0.00

 

 

1,185,505.93

 

 

-1,032,957.71

 

 

152,548.22

 

 

-652,876.78

 

 

-1,025,129.05

 

 

1,771,356.13

 

 

93,350.30

 

Ingresos de Operaciones

 

 

4,728,173.52

 

 

3,870,158.24

 

 

4,289,266.38

 

 

12,887,598.14

 

 

3,358,057.50

 

 

4,085,011.97

 

 

3,655,297.23

 

 

11,098,366.70

 

Egresos Generales

 

 

6,157,781.05

 

 

-10,239,562.88

 

 

-3,258,917.78

 

 

-7,340,699.61

 

 

1,741,036.81

 

 

2,006,863.49

 

 

5,092,437.66

 

 

8,840,337.96

 

Gastos Administrativos

 

 

919,974.84

 

 

1,187,710.00

 

 

1,814,645.70

 

 

3,922,330.54

 

 

1,187,177.08

 

 

1,376,693.10

 

 

1,162,802.45

 

 

3,726,672.63

 

Gastos Generales

 

 

193,085.86

 

 

330,270.68

 

 

444,937.95

 

 

968,294.49

 

 

299,958.83

 

 

430,561.08

 

 

358,415.15

 

 

1,088,935.06

 

Gastos de Depreciación

 

 

79,400.74

 

 

72,949.14

 

 

85,413.47

 

 

237,763.35

 

 

77,316.16

 

 

80,287.05

 

 

75,926.42

 

 

233,529.63

 

Otros Gastos

 

 

4,965,319.61

 

 

-11,830,492.70

 

 

-5,603,914.90

 

 

-12,469,087.99

 

 

176,584.74

 

 

119,322.26

 

 

3,495,293.64

 

 

3,791,200.64

 

Utilidad antes de Provisiones

 

 

-1,429,607.53

 

 

14,109,721.12

 

 

7,548,184.16

 

 

20,228,297.75

 

 

1,617,020.69

 

 

2,078,148.48

 

 

-1,437,140.43

 

 

2,258,028.74

 

Provisiones por Cuentas Malas

 

 

-13,176,721.09

 

 

1,347,418.41

 

 

-7,989,299.35

 

 

-19,818,602.03

 

 

0.00

 

 

0.00

 

 

-5,863,289.14

 

 

-5,863,289.14

 

Utilidad del Periodo

 

 

11,747,113.56

 

 

12,762,302.71

 

 

15,537,483.51

 

 

40,046,899.78

 

 

1,617,020.69

 

 

2,078,148.48

 

 

4,426,148.71

 

 

8,121,317.88

 


Descripcion

 

Julio

 

Agosto

 

Septiembre

 

Trimestre III

 

Octubre

 

Noviembre

 

Diciembre

 

Trimestre IV

 

Acumulado Anual

 


 



 



 



 



 



 



 



 



 



 

Ingresos Por Intereses

 

 

9,134,735.75

 

 

9,610,222.82

 

 

11,213,871.09

 

 

29,958,829.66

 

 

11,427,440.35

 

 

11,291,424.43

 

 

0.00

 

 

22,718,864.78

 

 

104,414,392.29

 

Préstamos

 

 

8,229,512.50

 

 

8,406,468.39

 

 

9,646,275.58

 

 

26,282,256.47

 

 

9,719,743.86

 

 

9,688,143.78

 

 

0.00

 

 

19,407,887.64

 

 

90,873,995.91

 

Depósitos

 

 

486,503.73

 

 

490,406.17

 

 

472,742.08

 

 

1,449,651.98

 

 

485,714.62

 

 

455,614.74

 

 

0.00

 

 

941,329.36

 

 

4,468,111.67

 

Inversiones

 

 

418,719.52

 

 

713,348.26

 

 

1,094,853.43

 

 

2,226,921.21

 

 

1,221,981.87

 

 

1,147,665.91

 

 

0.00

 

 

2,369,647.78

 

 

9,072,284.71

 

Egresos de Operaciones

 

 

5,330,644.95

 

 

6,118,101.49

 

 

6,846,790.04

 

 

18,295,536.48

 

 

6,975,217.68

 

 

7,332,480.59

 

 

0.00

 

 

14,307,698.27

 

 

63,271,696.06

 

Intereses Pagados

 

 

5,328,616.13

 

 

6,116,596.86

 

 

6,845,399.70

 

 

18,290,612.69

 

 

6,972,379.77

 

 

7,329,089.63

 

 

0.00

 

 

14,301,469.40

 

 

63,241,804.84

 

Comisiones

 

 

2,028.82

 

 

1,504.63

 

 

1,390.34

 

 

4,923.79

 

 

2,837.91

 

 

3,390.96

 

 

0.00

 

 

6,228.87

 

 

29,891.22

 

Ingreso Neto de Intereses

 

 

3,804,090.80

 

 

3,492,121.33

 

 

4,367,081.05

 

 

11,663,293.18

 

 

4,452,222.67

 

 

3,958,943.84

 

 

0.00

 

 

8,411,166.51

 

 

41,142,696.23

 

Otros Ingresos

 

 

472,443.57

 

 

538,820.38

 

 

575,401.46

 

 

1,586,665.41

 

 

77,862.38

 

 

2,898,409.28

 

 

0.00

 

 

2,976,271.66

 

 

7,480,665.37

 

Comisiones

 

 

466,407.08

 

 

536,073.95

 

 

549,295.93

 

 

1,551,776.96

 

 

566,429.27

 

 

542,600.02

 

 

0.00

 

 

1,109,029.29

 

 

5,292,708.42

 

Operaciones con Divisas

 

 

5,854.40

 

 

2,746.43

 

 

24,335.99

 

 

32,936.82

 

 

-4,592.30

 

 

9,203.25

 

 

0.00

 

 

4,610.95

 

 

77,475.38

 

Otros ingresos

 

 

182.09

 

 

0.00

 

 

1,769.54

 

 

1,951.63

 

 

-483,974.59

 

 

2,346,606.01

 

 

0.00

 

 

1,862,631.42

 

 

2,110,481.57

 

Ingresos de Operaciones

 

 

4,276,534.37

 

 

4,030,941.71

 

 

4,942,482.51

 

 

13,249,958.59

 

 

4,530,085.05

 

 

6,857,353.12

 

 

0.00

 

 

11,387,438.17

 

 

48,623,361.60

 

Egresos Generales

 

 

2,024,723.55

 

 

1,768,996.24

 

 

12,524,701.10

 

 

16,318,420.89

 

 

2,161,860.51

 

 

2,188,980.97

 

 

0.00

 

 

4,350,841.48

 

 

22,168,900.72

 

Gastos Administrativos

 

 

1,276,820.04

 

 

1,177,116.15

 

 

1,479,232.60

 

 

3,933,168.79

 

 

1,362,741.88

 

 

1,277,723.80

 

 

0.00

 

 

2,640,465.68

 

 

14,222,637.64

 

Gastos Generales

 

 

408,674.56

 

 

385,276.02

 

 

441,389.82

 

 

1,235,340.40

 

 

327,250.95

 

 

477,934.06

 

 

0.00

 

 

805,185.01

 

 

4,097,754.96

 

Gastos de Depreciación

 

 

78,457.88

 

 

56,552.37

 

 

55,430.69

 

 

190,440.94

 

 

57,034.72

 

 

55,010.45

 

 

0.00

 

 

112,045.17

 

 

773,779.09

 

Otros Gastos

 

 

260,771.07

 

 

150,051.70

 

 

10,548,647.99

 

 

10,959,470.76

 

 

414,832.96

 

 

378,312.66

 

 

0.00

 

 

793,145.62

 

 

3,074,729.03

 

Utilidad antes de Provisiones

 

 

2,251,810.82

 

 

2,261,945.47

 

 

-7,582,218.59

 

 

-3,068,462.30

 

 

2,368,224.54

 

 

4,668,372.15

 

 

0.00

 

 

7,036,596.69

 

 

26,454,460.88

 

Provisiones por Cuentas Malas

 

 

0.00

 

 

0.00

 

 

-18,606,919.34

 

 

-18,606,919.34

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

-44,288,810.51

 

Utilidad del Periodo

 

 

2,251,810.82

 

 

2,261,945.47

 

 

11,024,700.75

 

 

15,538,457.04

 

 

2,368,224.54

 

 

4,668,372.15

 

 

0.00

 

 

7,036,596.69

 

 

70,743,271.39

 




 

 

January 30, 2006

Message

BANCO LATINOAMERICANO DE EXPORTACIONES
BALANCE SHEETS*  December 2004 and November 2005
(In Balboas)**

 


   

Absolute

     
2004
2005
 
         
 
 

Description

 

 

%

 

December

 

January

 

February

 

March

 

April

 


 


 


 


 


 


 


 


 

LIQUID ASSETS

 

 

19,448,383.51

 

 

12.57

 

 

154,765,632.34

 

 

126,835,963.62

 

 

93,130,123.32

 

 

246,830,814.22

 

 

165,746,337.28

 

Local Deposits in Banks

 

 

-8,783.75

 

 

-6.84

 

 

128,486.56

 

 

131,768.05

 

 

180,635.27

 

 

183,308.41

 

 

177,498.31

 

Demand

 

 

-8,783.75

 

 

-6.84

 

 

128,486.56

 

 

131,768.05

 

 

180,635.27

 

 

183,308.41

 

 

177,498.31

 

Time

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

Foreign Deposits in Banks

 

 

19,554,636.57

 

 

12.65

 

 

154,527,646.17

 

 

126,587,803.14

 

 

92,827,450.78

 

 

246,584,754.28

 

 

165,559,032.80

 

Demand

 

 

1,804,636.57

 

 

130.99

 

 

1,377,646.17

 

 

1,687,803.14

 

 

1,427,450.78

 

 

1,384,754.28

 

 

1,659,032.80

 

Time

 

 

17,750,000.00

 

 

11.59

 

 

153,150,000.00

 

 

124,900,000.00

 

 

91,400,000.00

 

 

245,200,000.00

 

 

163,900,000.00

 

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

 

 

-97,469.31

 

 

-89.01

 

 

109,499.61

 

 

116,392.43

 

 

122,037.27

 

 

62,751.53

 

 

9,806.17

 

CREDIT PORTFOLIO

 

 

75,177,049.78

 

 

3.22

 

 

2,335,333,746.88

 

 

2,200,288,081.94

 

 

2,311,552,908.36

 

 

2,230,311,623.92

 

 

2,195,065,026.95

 

Local

 

 

-140,382,427.42

 

 

-44.36

 

 

316,462,763.13

 

 

306,197,617.57

 

 

313,957,482.59

 

 

256,924,470.10

 

 

260,334,272.43

 

Foreign

 

 

168,808,537.24

 

 

7.94

 

 

2,125,223,091.05

 

 

1,987,270,083.63

 

 

2,092,122,463.44

 

 

2,054,955,611.40

 

 

2,016,299,212.10

 

Less Allowance

 

 

-46,750,939.96

 

 

-43.96

 

 

106,352,107.30

 

 

93,179,619.26

 

 

94,527,037.67

 

 

81,568,457.58

 

 

81,568,457.58

 

Local

 

 

-26,673,388.10

 

 

-83.42

 

 

31,974,024.79

 

 

27,171,299.54

 

 

27,167,345.67

 

 

26,264,424.84

 

 

26,266,815.10

 

Foreign

 

 

-20,077,551.86

 

 

-26.99

 

 

74,378,082.51

 

 

66,008,319.72

 

 

67,359,692.00

 

 

55,304,032.74

 

 

55,301,642.48

 

INVESTMENT SECURITIES

 

 

-37,029,601.83

 

 

-18.72

 

 

197,784,333.38

 

 

222,360,047.07

 

 

213,075,795.11

 

 

179,575,569.81

 

 

134,020,253.33

 

Local

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

Foreign

 

 

-37,029,601.83

 

 

-18.72

 

 

197,784,333.38

 

 

222,360,047.07

 

 

213,075,795.11

 

 

179,575,569.81

 

 

134,020,253.33

 

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

 

 

116,203,172.53

 

 

203.85

 

 

57,003,647.40

 

 

58,632,178.31

 

 

73,140,071.71

 

 

127,214,062.09

 

 

87,102,153.62

 

Local

 

 

3,801,207.68

 

 

64.73

 

 

5,872,777.14

 

 

6,035,440.75

 

 

7,996,788.06

 

 

46,262,694.53

 

 

6,722,957.13

 

Foreign

 

 

112,401,964.85

 

 

219.83

 

 

51,130,870.26

 

 

52,596,737.56

 

 

65,143,283.65

 

 

80,951,367.56

 

 

80,379,196.49

 

TOTAL ASSETS

 

 

173,799,003.99

 

 

6.33

 

 

2,744,887,360.00

 

 

2,608,116,270.94

 

 

2,690,898,898.50

 

 

2,783,932,070.04

 

 

2,581,933,771.18

 

DEPOSITS

 

 

132,787,141.83

 

 

15.37

 

 

864,159,586.65

 

 

750,176,227.21

 

 

830,395,806.10

 

 

823,423,706.76

 

 

779,255,632.17

 

Local

 

 

-2,991,703.76

 

 

-4.29

 

 

69,749,340.19

 

 

60,224,754.12

 

 

58,953,550.20

 

 

41,095,532.80

 

 

60,665,832.06

 

Government

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

Customers

 

 

19,741.37

 

 

42.82

 

 

46,100.25

 

 

48,524.57

 

 

50,630.42

 

 

53,115.11

 

 

55,604.19

 

Demand

 

 

19,741.37

 

 

42.82

 

 

46,100.25

 

 

48,524.57

 

 

50,630.42

 

 

53,115.11

 

 

55,604.19

 

Time

 

 

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

 

From Banks

 

 

-3,011,445.13

 

 

-4.32

 

 

69,703,239.94

 

 

60,176,229.55

 

 

58,902,919.78

 

 

41,042,417.69

 

 

60,610,227.87

 

Demand

 

 

-5,941,610.47

 

 

-43.68

 

 

13,602,639.88

 

 

8,694,751.76

 

 

9,410,535.93

 

 

3,537,389.33

 

 

10,599,365.88

 

Time

 

 

2,930,165.34

 

 

5.22

 

 

56,100,600.06

 

 

51,481,477.79

 

 

49,492,383.85

 

 

37,505,028.36

 

 

50,010,861.99

 

Foreign

 

 

135,778,845.59

 

 

17.09

 

 

794,410,246.46

 

 

689,951,473.09

 

 

771,442,255.90

 

 

782,328,173.96

 

 

718,589,800.11

 

Government

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

Customers

 

 

2,909,824.45

 

 

7.99

 

 

36,435,727.50

 

 

31,442,261.15

 

 

47,444,513.74

 

 

66,447,123.34

 

 

36,317,830.03

 

Demand

 

 

103,024.45

 

 

8.29

 

 

1,242,527.50

 

 

1,249,061.15

 

 

1,251,313.74

 

 

1,253,923.34

 

 

1,317,830.03

 

Time

 

 

2,806,800.00

 

 

7.98

 

 

35,193,200.00

 

 

30,193,200.00

 

 

46,193,200.00

 

 

65,193,200.00

 

 

35,000,000.00

 

Savings

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

From Banks

 

 

132,869,021.14

 

 

17.53

 

 

757,974,518.96

 

 

658,509,211.94

 

 

723,997,742.16

 

 

715,881,050.62

 

 

682,271,970.08

 

Demand

 

 

440,324.04

 

 

5.70

 

 

7,727,920.49

 

 

7,638,493.80

 

 

8,031,826.70

 

 

8,973,604.08

 

 

8,792,555.11

 

Time

 

 

132,428,697.10

 

 

17.65

 

 

750,246,598.47

 

 

650,870,718.14

 

 

715,965,915.46

 

 

706,907,446.54

 

 

673,479,414.97

 

BORROWINGS

 

 

-23,419,502.32

 

 

-2.10

 

 

1,116,199,364.39

 

 

1,091,852,850.63

 

 

1,083,644,441.38

 

 

1,148,782,105.22

 

 

1,071,800,107.78

 

Local

 

 

-20,130,704.85

 

 

-65.09

 

 

30,926,544.85

 

 

30,926,544.85

 

 

30,926,544.85

 

 

24,077,680.89

 

 

21,611,836.71

 

Foreign

 

 

-3,288,797.47

 

 

-0.30

 

 

1,085,272,819.54

 

 

1,060,926,305.78

 

 

1,052,717,896.53

 

 

1,124,704,424.33

 

 

1,050,188,271.07

 

OTHER LIABILITIES

 

 

107,748,517.06

 

 

104.19

 

 

103,413,073.51

 

 

93,237,233.41

 

 

92,920,056.59

 

 

199,451,274.80

 

 

115,279,278.44

 

Local

 

 

1,004,049.22

 

 

22.27

 

 

4,507,676.94

 

 

4,225,532.21

 

 

3,581,309.98

 

 

6,249,761.29

 

 

3,621,140.96

 

Foreign

 

 

106,744,467.84

 

 

107.93

 

 

98,905,396.57

 

 

89,011,701.20

 

 

89,338,746.61

 

 

193,201,513.51

 

 

111,658,137.48

 

STOCKHOLDERS´ EQUITY

 

 

-43,317,152.58

 

 

-6.55

 

 

661,115,335.45

 

 

672,849,959.69

 

 

683,938,594.43

 

 

612,274,983.26

 

 

615,598,752.79

 

Capital

 

 

-13,655,564.81

 

 

-4.25

 

 

321,137,166.85

 

 

321,137,166.85

 

 

321,137,166.85

 

 

321,154,087.69

 

 

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

 

 

95,210,153.67

 

Other Reserves

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

Retained Earnings

 

 

46,576,032.82

 

 

48.05

 

 

96,937,866.40

 

 

238,685,540.45

 

 

238,685,540.05

 

 

155,044,373.42

 

 

155,044,373.20

 

Net Income

 

 

-71,004,401.90

 

 

-50.09

 

 

141,747,674.21

 

 

11,747,113.56

 

 

24,509,416.27

 

 

40,046,899.78

 

 

41,663,920.47

 

Gain or Loss in Securities available for sale

 

 

-5,233,218.69

 

 

-86.04

 

 

6,082,474.32

 

 

6,069,985.16

 

 

4,396,317.59

 

 

819,468.70

 

 

2,526,217.76

 

Subordinated Debt

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

LIABILITIES AND STOCKHOLDER’S EQUITY

 

 

173,799,003.99

 

 

6.33

 

 

2,744,887,360.00

 

 

2,608,116,270.94

 

 

2,690,898,898.50

 

 

2,783,932,070.04

 

 

2,581,933,771.18

 


 

 

2005

 

 

 


 

Description

 

May

 

June

 

July

 

August

 

September

 

October

 

November

 

December

 


 



 



 



 



 



 



 



 



 

LIQUID ASSETS

 

 

125,380,354.01

 

 

164,116,649.45

 

 

166,129,612.46

 

 

159,795,987.38

 

 

207,343,679.15

 

 

99,488,819.89

 

 

174,214,015.85

 

 

0.00

 

Local Deposits in Banks

 

 

217,923.04

 

 

235,315.13

 

 

128,236.24

 

 

123,445.09

 

 

169,358.44

 

 

133,788.20

 

 

119,702.81

 

 

0.00

 

Demand

 

 

217,923.04

 

 

235,315.13

 

 

128,236.24

 

 

123,445.09

 

 

169,358.44

 

 

133,788.20

 

 

119,702.81

 

 

0.00

 

Time

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

Foreign Deposits in Banks

 

 

125,150,503.59

 

 

163,844,242.64

 

 

165,986,645.14

 

 

159,658,813.98

 

 

207,164,607.54

 

 

99,342,898.20

 

 

174,082,282.74

 

 

0.00

 

Demand

 

 

1,550,503.59

 

 

1,344,242.64

 

 

1,286,645.14

 

 

2,858,813.98

 

 

3,264,607.54

 

 

3,242,898.20

 

 

3,182,282.74

 

 

0.00

 

Time

 

 

123,600,000.00

 

 

162,500,000.00

 

 

164,700,000.00

 

 

156,800,000.00

 

 

203,900,000.00

 

 

96,100,000.00

 

 

170,900,000.00

 

 

0.00

 

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

 

 

11,927.38

 

 

37,091.68

 

 

14,731.08

 

 

13,728.31

 

 

9,713.17

 

 

12,133.49

 

 

12,030.30

 

 

0.00

 

CREDIT PORTFOLIO

 

 

2,109,455,510.83

 

 

2,168,389,848.69

 

 

2,232,042,251.37

 

 

2,184,745,347.76

 

 

2,303,599,131.18

 

 

2,291,626,326.05

 

 

2,410,510,796.66

 

 

0.00

 

Local

 

 

195,854,139.09

 

 

188,854,006.60

 

 

176,926,371.26

 

 

157,776,236.70

 

 

166,276,258.25

 

 

164,776,119.88

 

 

176,080,335.71

 

 

0.00

 

Foreign

 

 

1,995,169,829.32

 

 

2,055,241,010.71

 

 

2,133,192,508.21

 

 

2,105,106,513.23

 

 

2,196,831,734.45

 

 

2,186,451,373.51

 

 

2,294,031,628.29

 

 

0.00

 

Less Allowance

 

 

81,568,457.58

 

 

75,705,168.62

 

 

78,076,628.10

 

 

78,137,402.17

 

 

59,508,861.52

 

 

59,601,167.34

 

 

59,601,167.34

 

 

0.00

 

Local

 

 

25,913,946.03

 

 

25,814,699.06

 

 

6,690,068.62

 

 

6,597,879.04

 

 

5,318,493.85

 

 

5,435,750.59

 

 

5,300,636.69

 

 

0.00

 

Foreign

 

 

55,654,511.55

 

 

49,890,469.56

 

 

71,386,559.48

 

 

71,539,523.13

 

 

54,190,367.67

 

 

54,165,416.75

 

 

54,300,530.65

 

 

0.00

 

INVESTMENT SECURITIES

 

 

101,257,246.28

 

 

90,134,215.65

 

 

121,055,920.72

 

 

224,740,424.69

 

 

271,124,564.31

 

 

266,584,952.62

 

 

160,754,731.55

 

 

0.00

 

Local

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

Foreign

 

 

101,257,246.28

 

 

90,134,215.65

 

 

121,055,920.72

 

 

224,740,424.69

 

 

271,124,564.31

 

 

266,584,952.62

 

 

160,754,731.55

 

 

0.00

 

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

 

OTHER ASSETS

 

 

91,311,898.32

 

 

86,921,829.37

 

 

91,763,468.53

 

 

98,392,466.37

 

 

97,536,981.24

 

 

103,706,247.79

 

 

173,206,819.93

 

 

0.00

 

Local

 

 

5,824,467.33

 

 

6,393,431.20

 

 

9,767,325.11

 

 

9,570,363.73

 

 

8,926,928.44

 

 

9,099,765.25

 

 

9,673,984.82

 

 

0.00

 

Foreign

 

 

85,487,430.99

 

 

80,528,398.17

 

 

81,996,143.42

 

 

88,822,102.64

 

 

88,610,052.80

 

 

94,606,482.54

 

 

163,532,835.11

 

 

0.00

 

TOTAL ASSETS

 

 

2,427,405,009.44

 

 

2,509,562,543.16

 

 

2,610,991,253.08

 

 

2,667,674,226.20

 

 

2,879,604,355.88

 

 

2,761,406,346.35

 

 

2,918,686,363.99

 

 

0.00

 

DEPOSITS

 

 

809,831,152.87

 

 

905,061,289.11

 

 

906,840,369.23

 

 

818,022,782.83

 

 

1,005,729,331.04

 

 

973,620,520.46

 

 

996,946,728.48

 

 

0.00

 

Local

 

 

46,651,430.45

 

 

53,964,285.31

 

 

49,841,636.59

 

 

46,541,848.80

 

 

75,140,230.47

 

 

57,867,055.15

 

 

66,757,636.43

 

 

0.00

 

Government

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

Customers

 

 

58,122.95

 

 

60,640.16

 

 

63,169.91

 

 

65,740.53

 

 

68,247.15

 

 

70,907.03

 

 

65,841.62

 

 

0.00

 

Demand

 

 

58,122.95

 

 

60,640.16

 

 

63,169.91

 

 

65,740.53

 

 

68,247.15

 

 

70,907.03

 

 

65,841.62

 

 

0.00

 

Time

 

 

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

 

From Banks

 

 

46,593,307.50

 

 

53,903,645.15

 

 

49,778,466.68

 

 

46,476,108.27

 

 

75,071,983.32

 

 

57,796,148.12

 

 

66,691,794.81

 

 

0.00

 

Demand

 

 

8,065,956.93

 

 

12,564,555.48

 

 

8,006,961.52

 

 

3,685,014.14

 

 

5,257,634.24

 

 

5,183,185.08

 

 

7,661,029.41

 

 

0.00

 

Time

 

 

38,527,350.57

 

 

41,339,089.67

 

 

41,771,505.16

 

 

42,791,094.13

 

 

69,814,349.08

 

 

52,612,963.04

 

 

59,030,765.40

 

 

0.00

 

Foreign

 

 

763,179,722.42

 

 

851,097,003.80

 

 

856,998,732.64

 

 

771,480,934.03

 

 

930,589,100.57

 

 

915,753,465.31

 

 

930,189,092.05

 

 

0.00

 

Government

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

Customers

 

 

36,321,376.46

 

 

66,322,078.69

 

 

36,329,487.82

 

 

36,333,274.55

 

 

41,836,883.26

 

 

39,345,089.93

 

 

39,345,551.95

 

 

0.00

 

Demand

 

 

1,321,376.46

 

 

1,322,078.69

 

 

1,329,487.82

 

 

1,333,274.55

 

 

1,336,883.26

 

 

1,345,089.93

 

 

1,345,551.95

 

 

0.00

 

Time

 

 

35,000,000.00

 

 

65,000,000.00

 

 

35,000,000.00

 

 

35,000,000.00

 

 

40,500,000.00

 

 

38,000,000.00

 

 

38,000,000.00

 

 

0.00

 

Savings

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

From Banks

 

 

726,858,345.96

 

 

784,774,925.11

 

 

820,669,244.82

 

 

735,147,659.48

 

 

888,752,217.31

 

 

876,408,375.38

 

 

890,843,540.10

 

 

0.00

 

Demand

 

 

9,081,609.74

 

 

7,484,766.32

 

 

7,725,660.46

 

 

7,810,164.81

 

 

8,949,638.93

 

 

7,780,648.13

 

 

8,168,244.53

 

 

0.00

 

Time

 

 

717,776,736.22

 

 

777,290,158.79

 

 

812,943,584.36

 

 

727,337,494.67

 

 

879,802,578.38

 

 

868,627,727.25

 

 

882,675,295.57

 

 

0.00

 

BORROWINGS

 

 

885,343,879.21

 

 

869,715,206.28

 

 

970,334,725.92

 

 

1,113,195,670.56

 

 

1,120,512,676.88

 

 

1,032,161,093.63

 

 

1,092,779,862.07

 

 

0.00

 

Local

 

 

8,298,810.00

 

 

20,855,194.60

 

 

20,855,194.60

 

 

20,956,726.29

 

 

30,937,952.19

 

 

30,937,952.19

 

 

10,795,840.00

 

 

0.00

 

Foreign

 

 

877,045,069.21

 

 

848,860,011.68

 

 

949,479,531.32

 

 

1,092,238,944.27

 

 

1,089,574,724.69

 

 

1,001,223,141.44

 

 

1,081,984,022.07

 

 

0.00

 

OTHER LIABILITIES

 

 

120,411,105.61

 

 

124,578,025.26

 

 

121,678,500.95

 

 

124,364,492.93

 

 

138,635,770.63

 

 

140,498,117.32

 

 

211,161,590.57

 

 

0.00

 

Local

 

 

3,301,107.18

 

 

3,344,917.70

 

 

3,683,226.85

 

 

3,777,233.24

 

 

4,069,272.05

 

 

4,825,288.90

 

 

5,511,726.16

 

 

0.00

 

Foreign

 

 

117,109,998.43

 

 

121,233,107.56

 

 

117,995,274.10

 

 

120,587,259.69

 

 

134,566,498.58

 

 

135,672,828.42

 

 

205,649,864.41

 

 

0.00

 

STOCKHOLDERS´ EQUITY

 

 

611,818,871.75

 

 

610,208,022.51

 

 

612,137,656.98

 

 

612,091,279.88

 

 

614,726,577.33

 

 

615,126,614.94

 

 

617,798,182.87

 

 

0.00

 

Capital

 

 

316,071,772.45

 

 

315,835,551.61

 

 

315,977,417.20

 

 

313,904,553.03

 

 

307,496,965.04

 

 

307,496,965.04

 

 

307,481,602.04

 

 

0.00

 

Capital Reserves

 

 

95,210,153.67

 

 

95,210,153.67

 

 

95,210,153.67

 

 

95,210,153.67

 

 

95,210,153.67

 

 

95,210,153.67

 

 

95,210,153.67

 

 

0.00

 

Other Reserves

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

Retained Earnings

 

 

155,044,373.24

 

 

149,289,882.71

 

 

149,242,926.35

 

 

149,242,926.35

 

 

143,513,899.12

 

 

143,513,899.12

 

 

143,513,899.22

 

 

0.00

 

Net Income

 

 

43,742,069.87

 

 

48,168,218.58

 

 

50,420,029.40

 

 

52,681,974.87

 

 

63,706,675.62

 

 

66,074,900.16

 

 

70,743,272.31

 

 

0.00

 

Gain or Loss in Securities available for sale

 

 

1,750,502.52

 

 

1,704,215.94

 

 

1,287,130.36

 

 

1,051,671.96

 

 

4,798,883.88

 

 

2,830,696.95

 

 

849,255.63

 

 

0.00

 

Subordinated Debt

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

LIABILITIES AND STOCKHOLDER’S EQUITY

 

 

2,427,405,009.44

 

 

2,509,562,543.16

 

 

2,610,991,253.08

 

 

2,667,674,226.20

 

 

2,879,604,355.88

 

 

2,761,406,346.35

 

 

2,918,686,363.99

 

 

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).




 

 

January 30, 2006

Message

STATEMENTS OF INCOME *
BANCO  LATINOAMERICANO DE EXPORTACIONES, S.A.
November 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

 

 

7,894,063.55

 

 

8,394,976.13

 

 

25,061,004.06

 

Loans

 

 

7,987,032.78

 

 

5,435,131.34

 

 

9,675,268.73

 

 

23,097,432.85

 

 

7,529,648.62

 

 

6,966,109.26

 

 

7,590,661.07

 

 

22,086,418.95

 

Deposits

 

 

272,712.32

 

 

235,749.66

 

 

362,790.80

 

 

871,252.78

 

 

432,625.23

 

 

395,823.74

 

 

377,428.58

 

 

1,205,877.55

 

Investments

 

 

849,784.04

 

 

960,014.55

 

 

897,209.57

 

 

2,707,008.16

 

 

809,690.53

 

 

532,130.55

 

 

426,886.48

 

 

1,768,707.56

 

Interest Expense

 

 

4,727,393.98

 

 

4,280,980.75

 

 

6,529,684.34

 

 

15,538,059.07

 

 

5,173,680.14

 

 

5,003,978.66

 

 

4,952,743.44

 

 

15,130,402.24

 

Interest

 

 

4,719,229.04

 

 

4,273,117.58

 

 

6,535,751.90

 

 

15,528,098.52

 

 

5,170,247.88

 

 

5,001,390.69

 

 

4,949,985.66

 

 

15,121,624.23

 

Commissions

 

 

8,164.94

 

 

7,863.17

 

 

-6,067.56

 

 

9,960.55

 

 

3,432.26

 

 

2,587.97

 

 

2,757.78

 

 

8,778.01

 

Net Interest Income

 

 

4,382,135.16

 

 

2,349,914.80

 

 

4,405,584.76

 

 

11,137,634.72

 

 

3,598,284.24

 

 

2,890,084.89

 

 

3,442,232.69

 

 

9,930,601.82

 

Other Income

 

 

346,038.36

 

 

1,520,243.44

 

 

-116,318.38

 

 

1,749,963.42

 

 

-240,226.74

 

 

1,194,927.08

 

 

213,064.54

 

 

1,167,764.88

 

Commissions

 

 

334,501.70

 

 

337,129.40

 

 

926,409.93

 

 

1,598,041.03

 

 

346,839.66

 

 

386,381.25

 

 

300,640.23

 

 

1,033,861.14

 

Foreign currency operations

 

 

11,536.66

 

 

-2,391.89

 

 

-9,770.60

 

 

-625.83

 

 

65,810.38

 

 

1,833,674.88

 

 

-1,858,931.82

 

 

40,553.44

 

Other Income

 

 

0.00

 

 

1,185,505.93

 

 

-1,032,957.71

 

 

152,548.22

 

 

-652,876.78

 

 

-1,025,129.05

 

 

1,771,356.13

 

 

93,350.30

 

Operating Income

 

 

4,728,173.52

 

 

3,870,158.24

 

 

4,289,266.38

 

 

12,887,598.14

 

 

3,358,057.50

 

 

4,085,011.97

 

 

3,655,297.23

 

 

11,098,366.70

 

Operating Expenses

 

 

6,157,781.05

 

 

-10,239,562.88

 

 

-3,258,917.78

 

 

-7,340,699.61

 

 

1,741,036.81

 

 

2,006,863.49

 

 

5,092,437.66

 

 

8,840,337.96

 

Administrative expenses

 

 

919,974.84

 

 

1,187,710.00

 

 

1,814,645.70

 

 

3,922,330.54

 

 

1,187,177.08

 

 

1,376,693.10

 

 

1,162,802.45

 

 

3,726,672.63

 

General expenses

 

 

193,085.86

 

 

330,270.68

 

 

444,937.95

 

 

968,294.49

 

 

299,958.83

 

 

430,561.08

 

 

358,415.15

 

 

1,088,935.06

 

Depreciation

 

 

79,400.74

 

 

72,949.14

 

 

85,413.47

 

 

237,763.35

 

 

77,316.16

 

 

80,287.05

 

 

75,926.42

 

 

233,529.63

 

Other expenses

 

 

4,965,319.61

 

 

-11,830,492.70

 

 

-5,603,914.90

 

 

-12,469,087.99

 

 

176,584.74

 

 

119,322.26

 

 

3,495,293.64

 

 

3,791,200.64

 

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

 

 

2,078,148.48

 

 

-1,437,140.43

 

 

2,258,028.74

 

Provision for loan losses

 

 

-13,176,721.09

 

 

1,347,418.41

 

 

-7,989,299.35

 

 

-19,818,602.03

 

 

0.00

 

 

0.00

 

 

-5,863,289.14

 

 

-5,863,289.14

 

Net Income

 

 

11,747,113.56

 

 

12,762,302.71

 

 

15,537,483.51

 

 

40,046,899.78

 

 

1,617,020.69

 

 

2,078,148.48

 

 

4,426,148.71

 

 

8,121,317.88

 


Description

 

July

 

August

 

September

 

III Quarter

 

October

 

November

 

December

 

IV Quarter

 

Year to date

 


 



 



 



 



 



 



 



 



 



 

Interest Income

 

 

9,134,735.75

 

 

9,610,222.82

 

 

11,213,871.09

 

 

29,958,829.66

 

 

11,427,440.35

 

 

11,291,424.43

 

 

0.00

 

 

22,718,864.78

 

 

104,414,392.29

 

Loans

 

 

8,229,512.50

 

 

8,406,468.39

 

 

9,646,275.58

 

 

26,282,256.47

 

 

9,719,743.86

 

 

9,688,143.78

 

 

0.00

 

 

19,407,887.64

 

 

90,873,995.91

 

Deposits

 

 

486,503.73

 

 

490,406.17

 

 

472,742.08

 

 

1,449,651.98

 

 

485,714.62

 

 

455,614.74

 

 

0.00

 

 

941,329.36

 

 

4,468,111.67

 

Investments

 

 

418,719.52

 

 

713,348.26

 

 

1,094,853.43

 

 

2,226,921.21

 

 

1,221,981.87

 

 

1,147,665.91

 

 

0.00

 

 

2,369,647.78

 

 

9,072,284.71

 

Interest Expense

 

 

5,330,644.95

 

 

6,118,101.49

 

 

6,846,790.04

 

 

18,295,536.48

 

 

6,975,217.68

 

 

7,332,480.59

 

 

0.00

 

 

14,307,698.27

 

 

63,271,696.06

 

Interest

 

 

5,328,616.13

 

 

6,116,596.86

 

 

6,845,399.70

 

 

18,290,612.69

 

 

6,972,379.77

 

 

7,329,089.63

 

 

0.00

 

 

14,301,469.40

 

 

63,241,804.84

 

Commissions

 

 

2,028.82

 

 

1,504.63

 

 

1,390.34

 

 

4,923.79

 

 

2,837.91

 

 

3,390.96

 

 

0.00

 

 

6,228.87

 

 

29,891.22

 

Net Interest Income

 

 

3,804,090.80

 

 

3,492,121.33

 

 

4,367,081.05

 

 

11,663,293.18

 

 

4,452,222.67

 

 

3,958,943.84

 

 

0.00

 

 

8,411,166.51

 

 

41,142,696.23

 

Other Income

 

 

472,443.57

 

 

538,820.38

 

 

575,401.46

 

 

1,586,665.41

 

 

77,862.38

 

 

2,898,409.28

 

 

0.00

 

 

2,976,271.66

 

 

7,480,665.37

 

Commissions

 

 

466,407.08

 

 

536,073.95

 

 

549,295.93

 

 

1,551,776.96

 

 

566,429.27

 

 

542,600.02

 

 

0.00

 

 

1,109,029.29

 

 

5,292,708.42

 

Foreign currency operations

 

 

5,854.40

 

 

2,746.43

 

 

24,335.99

 

 

32,936.82

 

 

-4,592.30

 

 

9,203.25

 

 

0.00

 

 

4,610.95

 

 

77,475.38

 

Other Income

 

 

182.09

 

 

0.00

 

 

1,769.54

 

 

1,951.63

 

 

-483,974.59

 

 

2,346,606.01

 

 

0.00

 

 

1,862,631.42

 

 

2,110,481.57

 

Operating Income

 

 

4,276,534.37

 

 

4,030,941.71

 

 

4,942,482.51

 

 

13,249,958.59

 

 

4,530,085.05

 

 

6,857,353.12

 

 

0.00

 

 

11,387,438.17

 

 

48,623,361.60

 

Operating Expenses

 

 

2,024,723.55

 

 

1,768,996.24

 

 

12,524,701.10

 

 

16,318,420.89

 

 

2,161,860.51

 

 

2,188,980.97

 

 

0.00

 

 

4,350,841.48

 

 

22,168,900.72

 

Administrative expenses

 

 

1,276,820.04

 

 

1,177,116.15

 

 

1,479,232.60

 

 

3,933,168.79

 

 

1,362,741.88

 

 

1,277,723.80

 

 

0.00

 

 

2,640,465.68

 

 

14,222,637.64

 

General expenses

 

 

408,674.56

 

 

385,276.02

 

 

441,389.82

 

 

1,235,340.40

 

 

327,250.95

 

 

477,934.06

 

 

0.00

 

 

805,185.01

 

 

4,097,754.96

 

Depreciation

 

 

78,457.88

 

 

56,552.37

 

 

55,430.69

 

 

190,440.94

 

 

57,034.72

 

 

55,010.45

 

 

0.00

 

 

112,045.17

 

 

773,779.09

 

Other expenses

 

 

260,771.07

 

 

150,051.70

 

 

10,548,647.99

 

 

10,959,470.76

 

 

414,832.96

 

 

378,312.66

 

 

0.00

 

 

793,145.62

 

 

3,074,729.03

 

Net Income before provision for loan losses

 

 

2,251,810.82

 

 

2,261,945.47

 

 

-7,582,218.59

 

 

-3,068,462.30

 

 

2,368,224.54

 

 

4,668,372.15

 

 

0.00

 

 

7,036,596.69

 

 

26,454,460.88

 

Provision for loan losses

 

 

0.00

 

 

0.00

 

 

-18,606,919.34

 

 

-18,606,919.34

 

 

0.00

 

 

0.00

 

 

0.00

 

 

0.00

 

 

-44,288,810.51

 

Net Income

 

 

2,251,810.82

 

 

2,261,945.47

 

 

11,024,700.75

 

 

15,538,457.04

 

 

2,368,224.54

 

 

4,668,372.15

 

 

0.00

 

 

7,036,596.69

 

 

70,743,271.39

 


*   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).