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 May, 2004
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 __
(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 __ 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.
May 26, 2004
Banco Latinoamericano de Exportaciones, S.A.
By: /s/ Pedro Toll
------------------
Name: Pedro Toll
Title: Deputy Manager
May 12, 2004
BANCO LATINOAMERICANO DE EXPORTACIONES
[SEAL] BALANCE SHEETS* December 2003 and January to March 2004
(In Balboas)**
------------------------------------------------------------------------------------------------------------------------------------
2003
------------------------------------------------------------------------------------------------------------------------------------
Description Absolute % December January February March
------------------------------------------------------------------------------------------------------------------------------------
LIQUID ASSETS -58,570,747.84 -30.70 190,799,943.18 192,064,648.30 234,316,239.13 132,229,195.34
------------------------------------------------------------------------------------------------------------------------------------
Local Deposits in Banks -5,894.02 -3.81 154,867.09 148,473.17 172,395.85 148,973.07
------------------------------------------------------------------------------------------------------------------------------------
Demand -5,894.02 -3.81 154,867.09 148,473.17 172,395.85 148,973.07
------------------------------------------------------------------------------------------------------------------------------------
Foreign Deposits in Banks -58,586,151.46 -30.75 190,519,519.42 191,777,453.20 234,061,676.10 131,933,367.96
------------------------------------------------------------------------------------------------------------------------------------
Demand 2,112,884.65 293.26 720,483.31 3,182,508.52 2,934,580.72 2,833,367.96
------------------------------------------------------------------------------------------------------------------------------------
Time -60,699,036.11 -31.98 189,799,036.11 188,594,944.68 231,127,095.38 129,100,000.00
------------------------------------------------------------------------------------------------------------------------------------
Others 21,297.64 16.96 125,556.67 138,721.93 82,167.18 146,854.31
------------------------------------------------------------------------------------------------------------------------------------
CREDIT PORTFOLIO -90,091,479.39 -5.19 1,735,136,671.38 1,729,608,465.58 1,677,488,314.06 1,645,045,191.99
------------------------------------------------------------------------------------------------------------------------------------
Local -75,643,923.74 -35.81 211,227,524.30 167,786,374.36 177,192,240.23 135,583,600.56
------------------------------------------------------------------------------------------------------------------------------------
Foreign -14,447,555.65 -0.95 1,523,909,147.08 1,561,822,091.22 1,500,296,073.83 1,509,461,591.43
------------------------------------------------------------------------------------------------------------------------------------
INVESTMENT SECURITIES 152,195.09 0.14 112,295,247.89 111,905,462.66 111,673,317.31 112,447,442.98
------------------------------------------------------------------------------------------------------------------------------------
Foreign 152,195.09 0.14 112,295,247.89 111,905,462.66 111,673,317.31 112,447,442.98
------------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS 10,353,316.60 20.35 50,888,083.69 64,583,832.22 63,669,397.02 61,241,400.29
------------------------------------------------------------------------------------------------------------------------------------
Local -1,100,587.50 -17.84 6,170,009.76 5,967,530.86 6,004,000.34 5,069,422.26
------------------------------------------------------------------------------------------------------------------------------------
Foreign 11,453,904.10 25.61 44,718,073.93 58,616,301.36 57,665,396.68 56,171,978.03
------------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS -138,156,715.54 -6.61 2,089,119,946.14 2,098,162,408.76 2,087,147,267.52 1,950,963,230.60
------------------------------------------------------------------------------------------------------------------------------------
DEPOSITS 21,282,901.48 4.14 514,414,316.03 518,360,985.90 521,737,597.31 535,697,217.51
------------------------------------------------------------------------------------------------------------------------------------
Local -6,716,700.20 -15.41 43,587,485.58 45,390,804.32 42,062,496.54 36,870,785.38
------------------------------------------------------------------------------------------------------------------------------------
From Banks -6,716,700.20 -15.41 43,587,485.58 45,390,804.32 42,062,496.54 36,870,785.38
------------------------------------------------------------------------------------------------------------------------------------
Demand 1,311,018.64 28.53 4,595,824.32 6,094,329.66 6,101,933.23 5,906,842.96
------------------------------------------------------------------------------------------------------------------------------------
Time -8,027,718.84 -20.59 38,991,661.26 39,296,474.66 35,960,563.31 30,963,942.42
------------------------------------------------------------------------------------------------------------------------------------
Foreign 27,999,601.68 5.95 470,826,830.45 472,970,181.58 479,675,100.77 498,826,432.13
------------------------------------------------------------------------------------------------------------------------------------
Customers -35,952,081.07 -24.95 144,069,723.19 99,357,945.44 87,518,635.29 108,117,642.12
------------------------------------------------------------------------------------------------------------------------------------
Demand 1,721,780.66 50.70 3,395,861.46 1,757,945.44 3,518,635.29 5,117,642.12
------------------------------------------------------------------------------------------------------------------------------------
Time -37,673,861.73 -26.78 140,673,861.73 97,600,000.00 84,000,000.00 103,000,000.00
------------------------------------------------------------------------------------------------------------------------------------
From Banks 63,951,682.75 19.57 326,757,107.26 373,612,236.14 392,156,465.48 390,708,790.01
------------------------------------------------------------------------------------------------------------------------------------
Demand -1,201,125.88 -10.82 11,100,547.00 14,459,263.26 10,376,666.71 9,899,421.12
------------------------------------------------------------------------------------------------------------------------------------
Time 65,152,808.63 20.64 315,656,560.26 359,152,972.88 381,779,798.77 380,809,368.89
------------------------------------------------------------------------------------------------------------------------------------
BORROWINGS -189,295,574.08 -18.54 1,020,959,382.93 1,004,876,078.51 981,368,587.28 831,663,808.85
------------------------------------------------------------------------------------------------------------------------------------
Local 29,700.20 0.14 21,603,810.80 21,603,810.80 21,603,810.80 21,633,511.00
------------------------------------------------------------------------------------------------------------------------------------
Foreign -189,325,274.28 -18.94 999,355,572.13 983,272,267.71 959,764,776.48 810,030,297.85
------------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES 4,380,648.91 4.53 96,619,215.59 107,357,098.15 109,077,967.55 100,999,864.50
------------------------------------------------------------------------------------------------------------------------------------
Local -3,678,714.31 -12.12 30,347,173.08 31,567,311.00 35,806,705.76 26,668,458.77
------------------------------------------------------------------------------------------------------------------------------------
Foreign 8,059,363.22 12.16 66,272,042.51 75,789,787.15 73,271,261.79 74,331,405.73
------------------------------------------------------------------------------------------------------------------------------------
STOCKHOLDERS' EQUITY 25,475,308.15 5.57 457,127,031.59 467,568,246.20 474,963,115.38 482,602,339.74
------------------------------------------------------------------------------------------------------------------------------------
Capital 0.00 0.00 328,225,212.57 328,225,212.57 328,225,212.57 328,225,212.57
------------------------------------------------------------------------------------------------------------------------------------
Capital Reserves 0.00 0.00 16,609,728.78 16,609,728.78 16,609,728.78 16,609,728.78
------------------------------------------------------------------------------------------------------------------------------------
Retained Earnings 97,816,091.12 14,720.27 664,499.09 102,415,864.02 102,415,864.02 98,480,590.21
------------------------------------------------------------------------------------------------------------------------------------
Net Income -73,398,132.48 -72.13 101,751,364.93 10,593,177.01 17,792,214.06 28,353,232.45
------------------------------------------------------------------------------------------------------------------------------------
Gain or Loss in Securities
available for sale 1,057,349.51 10.71 9,876,226.22 9,724,263.82 9,920,095.95 10,933,575.73
------------------------------------------------------------------------------------------------------------------------------------
LIABILITIES AND
STOCKHOLDER'S EQUITY -138,156,715.54 -6.61 2,089,119,946.14 2,098,162,408.76 2,087,147,267.52 1,950,963,230.60
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
2004
------------------------------------------------------------------------------------------------------------------------------------
Description April May June July August September October November December
------------------------------------------------------------------------------------------------------------------------------------
LIQUID ASSETS
------------------------------------------------------------------------------------------------------------------------------------
Local Deposits in Banks
------------------------------------------------------------------------------------------------------------------------------------
Demand
------------------------------------------------------------------------------------------------------------------------------------
Foreign Deposits in Banks
------------------------------------------------------------------------------------------------------------------------------------
Demand
------------------------------------------------------------------------------------------------------------------------------------
Time
------------------------------------------------------------------------------------------------------------------------------------
Others
------------------------------------------------------------------------------------------------------------------------------------
CREDIT PORTFOLIO
------------------------------------------------------------------------------------------------------------------------------------
Local
------------------------------------------------------------------------------------------------------------------------------------
Foreign
------------------------------------------------------------------------------------------------------------------------------------
INVESTMENT SECURITIES
------------------------------------------------------------------------------------------------------------------------------------
Foreign
------------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
------------------------------------------------------------------------------------------------------------------------------------
Local
------------------------------------------------------------------------------------------------------------------------------------
Foreign
------------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
------------------------------------------------------------------------------------------------------------------------------------
DEPOSITS
------------------------------------------------------------------------------------------------------------------------------------
Local
------------------------------------------------------------------------------------------------------------------------------------
From Banks
------------------------------------------------------------------------------------------------------------------------------------
Demand
------------------------------------------------------------------------------------------------------------------------------------
Time
------------------------------------------------------------------------------------------------------------------------------------
Foreign
------------------------------------------------------------------------------------------------------------------------------------
Customers
------------------------------------------------------------------------------------------------------------------------------------
Demand
------------------------------------------------------------------------------------------------------------------------------------
Time
------------------------------------------------------------------------------------------------------------------------------------
From Banks
------------------------------------------------------------------------------------------------------------------------------------
Demand
------------------------------------------------------------------------------------------------------------------------------------
Time
------------------------------------------------------------------------------------------------------------------------------------
BORROWINGS
------------------------------------------------------------------------------------------------------------------------------------
Local
------------------------------------------------------------------------------------------------------------------------------------
Foreign
------------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES
------------------------------------------------------------------------------------------------------------------------------------
Local
------------------------------------------------------------------------------------------------------------------------------------
Foreign
------------------------------------------------------------------------------------------------------------------------------------
STOCKHOLDERS' EQUITY
------------------------------------------------------------------------------------------------------------------------------------
Capital
------------------------------------------------------------------------------------------------------------------------------------
Capital Reserves
------------------------------------------------------------------------------------------------------------------------------------
Retained Earnings
------------------------------------------------------------------------------------------------------------------------------------
Net Income
------------------------------------------------------------------------------------------------------------------------------------
Gain or Loss in Securities
available for sale
------------------------------------------------------------------------------------------------------------------------------------
LIABILITIES AND
STOCKHOLDER'S EQUITY
------------------------------------------------------------------------------------------------------------------------------------
* 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 Panama Superintendencia de Bancos (website:
http://www.superbancos.gob.pa).
May 12, 2004
STATEMENTS OF INCOME *
[SEAL] BANCO LATINOAMERICANO DE EXPORTACIONES, S.A.
January to March 2004
(In Balboas)**
------------------------------------------------------------------------------------------------------------------------------------
Description January February March I Quarter April May June
------------------------------------------------------------------------------------------------------------------------------------
Interest Income 6,554,346.26 4,920,235.16 5,734,864.07 17,209,445.49
------------------------------------------------------------------------------------------------------------------------------------
Loans 5,806,089.31 4,357,928.60 5,135,119.62 15,299,137.53
------------------------------------------------------------------------------------------------------------------------------------
Deposits 134,326.48 151,395.63 195,196.95 480,919.06
------------------------------------------------------------------------------------------------------------------------------------
Investments 613,930.47 410,910.93 404,547.50 1,429,388.90
------------------------------------------------------------------------------------------------------------------------------------
Interest Expense 2,503,583.65 2,302,555.27 2,483,510.96 7,289,649.88
------------------------------------------------------------------------------------------------------------------------------------
Interest 2,463,551.58 2,289,995.94 2,487,621.71 7,241,169.23
------------------------------------------------------------------------------------------------------------------------------------
Commissions 40,032.07 12,559.33 -4,110.75 48,480.65
------------------------------------------------------------------------------------------------------------------------------------
Net Interest Income 4,050,762.61 2,617,679.89 3,251,353.11 9,919,795.61
------------------------------------------------------------------------------------------------------------------------------------
Other Income 574,025.74 440,603.31 840,675.99 1,855,305.04
------------------------------------------------------------------------------------------------------------------------------------
Commissions 548,963.99 665,864.96 509,460.70 1,724,289.65
------------------------------------------------------------------------------------------------------------------------------------
Foreign currency operations -4,122.82 3,312.45 -188.10 -998.47
------------------------------------------------------------------------------------------------------------------------------------
Other Income 29,184.57 -228,574.10 331,403.39 132,013.86
------------------------------------------------------------------------------------------------------------------------------------
Operating Income 4,624,788.35 3,058,283.20 4,092,029.10 11,775,100.65
------------------------------------------------------------------------------------------------------------------------------------
Operating Expenses 1,845,294.21 -262,208.98 75,177.76 1,658,262.99
------------------------------------------------------------------------------------------------------------------------------------
Administrative expenses 1,019,194.48 989,036.77 1,142,090.66 3,150,321.91
------------------------------------------------------------------------------------------------------------------------------------
General expenses 149,318.22 313,300.33 258,581.00 721,199.55
------------------------------------------------------------------------------------------------------------------------------------
Depreciation 119,749.86 113,223.73 121,469.30 354,442.89
------------------------------------------------------------------------------------------------------------------------------------
Other expenses 557,031.65 -1,677,769.81 -1,446,963.20 -2,567,701.36
------------------------------------------------------------------------------------------------------------------------------------
Net Income before provision
for loan losses 2,779,494.14 3,320,492.18 4,016,851.34 10,116,837.66
------------------------------------------------------------------------------------------------------------------------------------
Provision for loan losses -7,813,682.87 -3,878,544.87 -6,544,167.05 -18,236,394.79
------------------------------------------------------------------------------------------------------------------------------------
Net Income 10,593,177.01 7,199,037.05 10,561,018.39 28,353,232.45
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Description II Quarter July August September III Quarter October November December IV Quarter
------------------------------------------------------------------------------------------------------------------------------------
Interest Income 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Loans 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Deposits 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Investments 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Interest Expense 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Interest 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Commissions 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Net Interest Income 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Other Income 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Commissions 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Foreign currency operations 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Other Income 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Operating Income 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Operating Expenses 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Administrative expenses 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
General expenses 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Depreciation 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Other expenses 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Net Income before provision
for loan losses 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Provision for loan losses 0.00 0.00 0.00 -
------------------------------------------------------------------------------------------------------------------------------------
Net Income 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------
Description Year to date
------------------------------------------------------
Interest Income 17,209,445.49
------------------------------------------------------
Loans 15,299,137.53
------------------------------------------------------
Deposits 480,919.06
------------------------------------------------------
Investments 1,429,388.90
------------------------------------------------------
Interest Expense 7,289,649.88
------------------------------------------------------
Interest 7,241,169.23
------------------------------------------------------
Commissions 48,480.65
------------------------------------------------------
Net Interest Income 9,919,795.61
------------------------------------------------------
Other Income 1,855,305.04
------------------------------------------------------
Commissions 1,724,289.65
------------------------------------------------------
Foreign currency operations -998.47
------------------------------------------------------
Other Income 132,013.86
------------------------------------------------------
Operating Income 11,775,100.65
------------------------------------------------------
Operating Expenses 1,658,262.99
------------------------------------------------------
Administrative expenses 3,150,321.91
------------------------------------------------------
General expenses 721,199.55
------------------------------------------------------
Depreciation 354,442.89
------------------------------------------------------
Other expenses -2,567,701.36
------------------------------------------------------
Net Income before provision
for loan losses 10,116,837.66
------------------------------------------------------
Provision for loan losses -18,236,394.79
------------------------------------------------------
Net Income 28,353,232.45
------------------------------------------------------
* 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 Panama Superintendencia de Bancos (website:
http://www.superbancos.gob.pa).
12 de mayo de 2004
BANCO LATINOAMERICANO DE EXPORTACIONES
[SEAL] BALANCE DE SITUACION DE DICIEMBRE 2003 Y ENERO - MARZO 2004
(En Balboas)
------------------------------------------------------------------------------------------------------------------------------------
2003
------------------------------------------------------------------------------------------------------------------------------------
Descripcion Absoluta % Diciembre Enero Febrero Marzo
------------------------------------------------------------------------------------------------------------------------------------
ACTIVOS LIQUIDOS -58,570,747.84 -30.70 190,799,943.18 192,064,648.30 234,316,239.13 132,229,195.34
------------------------------------------------------------------------------------------------------------------------------------
Depositos Locales en Bancos -5,894.02 -3.81 154,867.09 148,473.17 172,395.85 148,973.07
------------------------------------------------------------------------------------------------------------------------------------
A la Vista -5,894.02 -3.81 154,867.09 148,473.17 172,395.85 148,973.07
------------------------------------------------------------------------------------------------------------------------------------
Depositos Extranjeros
en Bancos -58,586,151.46 -30.75 190,519,519.42 191,777,453.20 234,061,676.10 131,933,367.96
------------------------------------------------------------------------------------------------------------------------------------
A la Vista 2,112,884.65 293.26 720,483.31 3,182,508.52 2,934,580.72 2,833,367.96
------------------------------------------------------------------------------------------------------------------------------------
A Plazo -60,699,036.11 -31.98 189,799,036.11 188,594,944.68 231,127,095.38 129,100,000.00
------------------------------------------------------------------------------------------------------------------------------------
Otros 21,297.64 16.96 125,556.67 138,721.93 82,167.18 146,854.31
------------------------------------------------------------------------------------------------------------------------------------
CARTERA CREDITICIA -90,091,479.39 -5.19 1,735,136,671.38 1,729,608,465.58 1,677,488,314.06 1,645,045,191.99
------------------------------------------------------------------------------------------------------------------------------------
Locales -75,643,923.74 -35.81 211,227,524.30 167,786,374.36 177,192,240.23 135,583,600.56
------------------------------------------------------------------------------------------------------------------------------------
Extranjero -14,447,555.65 -0.95 1,523,909,147.08 1,561,822,091.22 1,500,296,073.83 1,509,461,591.43
------------------------------------------------------------------------------------------------------------------------------------
INVERSIONES EN VALORES 152,195.09 0.14 112,295,247.89 111,905,462.66 111,673,317.31 112,447,442.98
------------------------------------------------------------------------------------------------------------------------------------
Extranjero 152,195.09 0.14 112,295,247.89 111,905,462.66 111,673,317.31 112,447,442.98
------------------------------------------------------------------------------------------------------------------------------------
OTROS ACTIVOS 10,353,316.60 20.35 50,888,083.69 64,583,832.22 63,669,397.02 61,241,400.29
------------------------------------------------------------------------------------------------------------------------------------
Locales -1,100,587.50 -17.84 6,170,009.76 5,967,530.86 6,004,000.34 5,069,422.26
------------------------------------------------------------------------------------------------------------------------------------
Extranjero 11,453,904.10 25.61 44,718,073.93 58,616,301.36 57,665,396.68 56,171,978.03
------------------------------------------------------------------------------------------------------------------------------------
TOTAL DE ACTIVOS -138,156,715.54 -6.61 2,089,119,946.14 2,098,162,408.76 2,087,147,267.52 1,950,963,230.60
------------------------------------------------------------------------------------------------------------------------------------
DEPOSITOS 21,282,901.48 4.14 514,414,316.03 518,360,985.90 521,737,597.31 535,697,217.51
------------------------------------------------------------------------------------------------------------------------------------
Locales -6,716,700.20 -15.41 43,587,485.58 45,390,804.32 42,062,496.54 36,870,785.38
------------------------------------------------------------------------------------------------------------------------------------
De Bancos -6,716,700.20 -15.41 43,587,485.58 45,390,804.32 42,062,496.54 36,870,785.38
------------------------------------------------------------------------------------------------------------------------------------
A la Vista 1,311,018.64 28.53 4,595,824.32 6,094,329.66 6,101,933.23 5,906,842.96
------------------------------------------------------------------------------------------------------------------------------------
A Plazo -8,027,718.84 -20.59 38,991,661.26 39,296,474.66 35,960,563.31 30,963,942.42
------------------------------------------------------------------------------------------------------------------------------------
Extranjero 27,999,601.68 5.95 470,826,830.45 472,970,181.58 479,675,100.77 498,826,432.13
------------------------------------------------------------------------------------------------------------------------------------
De Particulares -35,952,081.07 -24.95 144,069,723.19 99,357,945.44 87,518,635.29 108,117,642.12
------------------------------------------------------------------------------------------------------------------------------------
A la Vista 1,721,780.66 50.70 3,395,861.46 1,757,945.44 3,518,635.29 5,117,642.12
------------------------------------------------------------------------------------------------------------------------------------
A Plazo -37,673,861.73 -26.78 140,673,861.73 97,600,000.00 84,000,000.00 103,000,000.00
------------------------------------------------------------------------------------------------------------------------------------
De Bancos 63,951,682.75 19.57 326,757,107.26 373,612,236.14 392,156,465.48 390,708,790.01
------------------------------------------------------------------------------------------------------------------------------------
A la Vista -1,201,125.88 -10.82 11,100,547.00 14,459,263.26 10,376,666.71 9,899,421.12
------------------------------------------------------------------------------------------------------------------------------------
A Plazo 65,152,808.63 20.64 315,656,560.26 359,152,972.88 381,779,798.77 380,809,368.89
------------------------------------------------------------------------------------------------------------------------------------
OBLIGACIONES -189,295,574.08 -18.54 1,020,959,382.93 1,004,876,078.51 981,368,587.28 831,663,808.85
------------------------------------------------------------------------------------------------------------------------------------
Locales 29,700.20 0.14 21,603,810.80 21,603,810.80 21,603,810.80 21,633,511.00
------------------------------------------------------------------------------------------------------------------------------------
Extranjero -189,325,274.28 -18.94 999,355,572.13 983,272,267.71 959,764,776.48 810,030,297.85
------------------------------------------------------------------------------------------------------------------------------------
OTROS PASIVOS 4,380,648.91 4.53 96,619,215.59 107,357,098.15 109,077,967.55 100,999,864.50
------------------------------------------------------------------------------------------------------------------------------------
Locales -3,678,714.31 -12.12 30,347,173.08 31,567,311.00 35,806,705.76 26,668,458.77
------------------------------------------------------------------------------------------------------------------------------------
Extranjero 8,059,363.22 12.16 66,272,042.51 75,789,787.15 73,271,261.79 74,331,405.73
------------------------------------------------------------------------------------------------------------------------------------
PATRIMONIO 25,475,308.15 5.57 457,127,031.59 467,568,246.20 474,963,115.38 482,602,339.74
------------------------------------------------------------------------------------------------------------------------------------
Capital 0.00 0.00 328,225,212.57 328,225,212.57 328,225,212.57 328,225,212.57
------------------------------------------------------------------------------------------------------------------------------------
Reservas de Capital 0.00 0.00 16,609,728.78 16,609,728.78 16,609,728.78 16,609,728.78
------------------------------------------------------------------------------------------------------------------------------------
Utilidad de Periodos
Anteriores 97,816,091.12 14,720.27 664,499.09 102,415,864.02 102,415,864.02 98,480,590.21
------------------------------------------------------------------------------------------------------------------------------------
Utilidad de Periodo -73,398,132.48 -72.13 101,751,364.93 10,593,177.01 17,792,214.06 28,353,232.45
------------------------------------------------------------------------------------------------------------------------------------
Ganancia o Perdida en
Valores Disponible
para la venta 1,057,349.51 10.71 9,876,226.22 9,724,263.82 9,920,095.95 10,933,575.73
------------------------------------------------------------------------------------------------------------------------------------
PASIVO Y PATRIMONIO -138,156,715.54 -6.61 2,089,119,946.14 2,098,162,408.76 2,087,147,267.52 1,950,963,230.60
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
2,004.00
------------------------------------------------------------------------------------------------------------------------------------
Descripcion Abril Mayo Junio Julio Agosto Septiembre Octubre Noviembre Diciembre
------------------------------------------------------------------------------------------------------------------------------------
ACTIVOS LIQUIDOS
------------------------------------------------------------------------------------------------------------------------------------
Depositos Locales en Bancos
------------------------------------------------------------------------------------------------------------------------------------
A la Vista
------------------------------------------------------------------------------------------------------------------------------------
Depositos Extranjeros
en Bancos
------------------------------------------------------------------------------------------------------------------------------------
A la Vista
------------------------------------------------------------------------------------------------------------------------------------
A Plazo
------------------------------------------------------------------------------------------------------------------------------------
Otros
------------------------------------------------------------------------------------------------------------------------------------
CARTERA CREDITICIA
------------------------------------------------------------------------------------------------------------------------------------
Locales
------------------------------------------------------------------------------------------------------------------------------------
Extranjero
------------------------------------------------------------------------------------------------------------------------------------
INVERSIONES EN VALORES
------------------------------------------------------------------------------------------------------------------------------------
Extranjero
------------------------------------------------------------------------------------------------------------------------------------
OTROS ACTIVOS
------------------------------------------------------------------------------------------------------------------------------------
Locales
------------------------------------------------------------------------------------------------------------------------------------
Extranjero
------------------------------------------------------------------------------------------------------------------------------------
TOTAL DE ACTIVOS
------------------------------------------------------------------------------------------------------------------------------------
DEPOSITOS
------------------------------------------------------------------------------------------------------------------------------------
Locales
------------------------------------------------------------------------------------------------------------------------------------
De Bancos
------------------------------------------------------------------------------------------------------------------------------------
A la Vista
------------------------------------------------------------------------------------------------------------------------------------
A Plazo
------------------------------------------------------------------------------------------------------------------------------------
Extranjero
------------------------------------------------------------------------------------------------------------------------------------
De Particulares
------------------------------------------------------------------------------------------------------------------------------------
A la Vista
------------------------------------------------------------------------------------------------------------------------------------
A Plazo
------------------------------------------------------------------------------------------------------------------------------------
De Bancos
------------------------------------------------------------------------------------------------------------------------------------
A la Vista
------------------------------------------------------------------------------------------------------------------------------------
A Plazo
------------------------------------------------------------------------------------------------------------------------------------
OBLIGACIONES
------------------------------------------------------------------------------------------------------------------------------------
Locales
------------------------------------------------------------------------------------------------------------------------------------
Extranjero
------------------------------------------------------------------------------------------------------------------------------------
OTROS PASIVOS
------------------------------------------------------------------------------------------------------------------------------------
Locales
------------------------------------------------------------------------------------------------------------------------------------
Extranjero
------------------------------------------------------------------------------------------------------------------------------------
PATRIMONIO
------------------------------------------------------------------------------------------------------------------------------------
Capital
------------------------------------------------------------------------------------------------------------------------------------
Reservas de Capital
------------------------------------------------------------------------------------------------------------------------------------
Utilidad de Periodos
Anteriores
------------------------------------------------------------------------------------------------------------------------------------
Utilidad de Periodo
------------------------------------------------------------------------------------------------------------------------------------
Ganancia o Perdida en
Valores Disponible
para la venta
------------------------------------------------------------------------------------------------------------------------------------
PASIVO Y PATRIMONIO
------------------------------------------------------------------------------------------------------------------------------------
12 de mayo de 2004
ESTADO DE RESULTADO
[SEAL] BANCO LATINOAMERICANO DE EXPORTACIONES, S.A.
ENERO - MARZO 2004
(En Balboas)
------------------------------------------------------------------------------------------------------------------------------------
Descripcion Enero Febrero Marzo Trimestre I Abril Mayo Junio
------------------------------------------------------------------------------------------------------------------------------------
Ingresos Por Intereses 6,554,346.26 4,920,235.16 5,734,864.07 17,209,445.49
------------------------------------------------------------------------------------------------------------------------------------
Prestamos 5,806,089.31 4,357,928.60 5,135,119.62 15,299,137.53
------------------------------------------------------------------------------------------------------------------------------------
Depositos 134,326.48 151,395.63 195,196.95 480,919.06
------------------------------------------------------------------------------------------------------------------------------------
Inversiones 613,930.47 410,910.93 404,547.50 1,429,388.90
------------------------------------------------------------------------------------------------------------------------------------
Egresos de Operaciones 2,503,583.65 2,302,555.27 2,483,510.96 7,289,649.88
------------------------------------------------------------------------------------------------------------------------------------
Intereses Pagados 2,463,551.58 2,289,995.94 2,487,621.71 7,241,169.23
------------------------------------------------------------------------------------------------------------------------------------
Comisiones 40,032.07 12,559.33 -4,110.75 48,480.65
------------------------------------------------------------------------------------------------------------------------------------
Ingreso Neto de Intereses 4,050,762.61 2,617,679.89 3,251,353.11 9,919,795.61
------------------------------------------------------------------------------------------------------------------------------------
Otros Ingresos 574,025.74 440,603.31 840,675.99 1,855,305.04
------------------------------------------------------------------------------------------------------------------------------------
Comisiones 548,963.99 665,864.96 509,460.70 1,724,289.65
------------------------------------------------------------------------------------------------------------------------------------
Operaciones con Divisas -4,122.82 3,312.45 -188.10 -998.47
------------------------------------------------------------------------------------------------------------------------------------
Otros ingresos 29,184.57 -228,574.10 331,403.39 132,013.86
------------------------------------------------------------------------------------------------------------------------------------
Ingresos de Operaciones 4,624,788.35 3,058,283.20 4,092,029.10 11,775,100.65
------------------------------------------------------------------------------------------------------------------------------------
Egresos Generales 1,845,294.21 -262,208.98 75,177.76 1,658,262.99
------------------------------------------------------------------------------------------------------------------------------------
Gastos Administrativos 1,019,194.48 989,036.77 1,142,090.66 3,150,321.91
------------------------------------------------------------------------------------------------------------------------------------
Gastos Generales 149,318.22 313,300.33 258,581.00 721,199.55
------------------------------------------------------------------------------------------------------------------------------------
Gastos de Depreciacion 119,749.86 113,223.73 121,469.30 354,442.89
------------------------------------------------------------------------------------------------------------------------------------
Otros Gastos 557,031.65 -1,677,769.81 -1,446,963.20 -2,567,701.36
------------------------------------------------------------------------------------------------------------------------------------
Utilidad antes de Provisiones 2,779,494.14 3,320,492.18 4,016,851.34 10,116,837.66
------------------------------------------------------------------------------------------------------------------------------------
Provisiones por Cuentas Malas -7,813,682.87 -3,878,544.87 -6,544,167.05 -18,236,394.79
------------------------------------------------------------------------------------------------------------------------------------
Utilidad del Periodo 10,593,177.01 7,199,037.05 10,561,018.39 28,353,232.45
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Descripcion Trimestre II Julio Agosto Septiembre Trimestre III Octubre
------------------------------------------------------------------------------------------------------------------------------------
Ingresos Por Intereses 0.00 0.00
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Prestamos 0.00 0.00
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Depositos 0.00 0.00
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Inversiones 0.00 0.00
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Egresos de Operaciones 0.00 0.00
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Intereses Pagados 0.00 0.00
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Comisiones 0.00 0.00
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Ingreso Neto de Intereses 0.00 0.00
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Otros Ingresos 0.00 0.00
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Comisiones 0.00 0.00
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Operaciones con Divisas 0.00 0.00
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Otros ingresos 0.00 0.00
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Ingresos de Operaciones 0.00 0.00
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Egresos Generales 0.00 0.00
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Gastos Administrativos 0.00 0.00
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Gastos Generales 0.00 0.00
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Gastos de Depreciacion 0.00 0.00
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Otros Gastos 0.00 0.00
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Utilidad antes de Provisiones 0.00 0.00
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Provisiones por Cuentas Malas 0.00 0.00
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Utilidad del Periodo 0.00 0.00
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Descripcion Noviembre Diciembre Trimestre IV Acumulado Anual
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Ingresos Por Intereses 0.00 17,209,445.49
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Prestamos 0.00 15,299,137.53
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Depositos 0.00 480,919.06
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Inversiones 0.00 1,429,388.90
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Egresos de Operaciones 0.00 7,289,649.88
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Intereses Pagados 0.00 7,241,169.23
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Comisiones 0.00 48,480.65
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Ingreso Neto de Intereses 0.00 9,919,795.61
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Otros Ingresos 0.00 1,855,305.04
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Comisiones 0.00 1,724,289.65
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Operaciones con Divisas 0.00 -998.47
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Otros ingresos 0.00 132,013.86
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Ingresos de Operaciones 0.00 11,775,100.65
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Egresos Generales 0.00 1,658,262.99
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Gastos Administrativos 0.00 3,150,321.91
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Gastos Generales 0.00 721,199.55
----------------------------------------------------------------------------------------------------
Gastos de Depreciacion 0.00 354,442.89
----------------------------------------------------------------------------------------------------
Otros Gastos 0.00 -2,567,701.36
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Utilidad antes de Provisiones 0.00 10,116,837.66
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Provisiones por Cuentas Malas 0.00 -18,236,394.79
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Utilidad del Periodo 0.00 28,353,232.45
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