Edgar Filing: FOREIGN TRADE BANK OF LATIN AMERICA, INC.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

For the month of April, 2019

Commission File Number 1-11414

BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.

(Exact name of Registrant as specified in its Charter)

FOREIGN TRADE BANK OF LATIN AMERICA, INC.

(Translation of Registrant’s name into English)

Business Park Torre V, Ave. La Rotonda, Costa del Este

P.O. Box 0819-08730

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 if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes ¨ No x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes ¨ No x

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, thereunto duly authorized.

Date: April 2, 2019

	FOREIGN TRADE BANK OF LATIN AMERICA, INC.
	(Registrant)

	By:	/s/ Ana Graciela de Méndez

	Name:	Ana Graciela de Méndez
	Title:	CFO

NOTA: LA INFORMACION INCLUIDA EN EL PRESENTE REPORTE 6-K FUE PREPARADA EN UNA BASE NO CONSOLIDADA Y EXCLUYE LA INFORMACION FINANCIERA DE BLADEX HOLDINGS INC., BLADEX REPRESENTACAO LTDA., BLX SOLUCIONES S.A. DE C.V., Y BLADEX DEVELOPMENT CORP., SEGUN LO EXIGIDO POR LAS LEYES Y REGULACIONES A LAS CUALES ESTAMOS SUJETOS EN PANAMA, EL PAIS DONDE LA SOCIEDAD SE ENCUENTRA CONSTITUIDA Y DONDE ESTAMOS REGULADOS COMO UNA INSTITUCION FINANCIERA. PROPORCIONAMOS LOS ESTADOS FINANCIEROS ANUALES CONSOLIDADOS EN EL REPORTE 20-F QUE SE PRESENTA PARA CADA AÑO FISCAL ANTE EL SECURITIES AND EXCHANGE COMMISSION. LA INFORMACION FINANCIERA NO CONSOLIDADA CONTENIDA EN EL PRESENTE PODRA SER SUBSTANCIALMENTE DIFERENTE DE NUESTROS RESULTADOS FINANCIEROS CONSOLIDADOS PARA EL MISMO PERIODO.

	BALANCE DE SITUACION	12 DE FEBRERO 2019
	BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
	DE DICIEMBRE 2017 A DICIEMBRE 2018
	(En Miles de Balboas) *

	Variación				2017		2018
	Absoluta		%		Diciembre		Enero		Febrero		Marzo		Abril		Mayo		Junio		Julio		Agosto		Septiembre		Octubre		Noviembre		Diciembre
ACTIVOS LIQUIDOS		1,076,772.93		161.15		668,177.98		695,545.34		791,891.91		557,726.25		650,295.18		607,266.60		681,696.88		514,986.71		716,528.33		791,293.38		1,575,140.58		566,653.55		1,744,950.91
Depósitos Locales en Bancos		473.24		9.93		4,765.36		3,593.90		3,834.00		4,495.33		5,493.16		2,225.58		1,413.06		1,530.08		2,048.44		1,764.40		1,966.00		2,911.32		5,238.60
A la Vista		473.24		9.93		4,765.36		3,593.90		3,834.00		4,495.33		5,493.16		2,225.58		1,413.06		1,530.08		2,048.44		1,764.40		1,966.00		2,911.32		5,238.60
A Plazo		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Depósitos Extranjeros en Bancos		1,076,299.69		162.24		663,412.62		691,951.44		788,057.90		553,230.92		644,802.02		605,041.02		680,283.82		513,456.63		714,479.89		789,528.98		1,573,174.58		563,742.22		1,739,712.31
A la Vista		1,026,299.69		154.70		663,412.62		541,951.44		513,057.90		553,230.92		364,802.02		490,041.02		680,283.82		438,456.63		714,479.89		789,528.98		1,493,174.58		513,742.22		1,689,712.31
A Plazo		50,000.00		0.00		0.00		150,000.00		275,000.00		0.00		280,000.00		115,000.00		0.00		75,000.00		0.00		0.00		80,000.00		50,000.00		50,000.00
Menos Provisiones		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Locales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Otros		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
CARTERA CREDITICIA		251,074.73		4.63		5,427,620.68		5,685,642.87		5,535,943.87		5,146,405.62		5,530,260.60		5,384,339.16		5,473,764.10		5,415,442.89		5,373,800.89		5,589,782.28		5,460,409.03		5,651,881.69		5,678,695.41
Locales		89,308.05		23.01		388,189.95		370,176.21		355,485.08		350,053.96		423,612.36		398,213.96		413,068.22		419,351.74		437,148.78		517,064.33		521,341.07		467,867.85		477,498.00
Extranjero		183,458.91		3.58		5,117,467.68		5,393,503.60		5,258,495.73		4,875,270.31		5,189,315.03		5,073,155.89		5,142,185.79		5,075,555.85		5,015,660.10		5,207,453.70		5,074,854.66		5,319,536.91		5,300,926.59
Menos Provisiones		21,692.24		27.80		78,036.94		78,036.94		78,036.94		78,918.66		82,666.79		87,030.69		81,489.92		79,464.71		79,008.00		134,735.75		135,786.70		135,523.07		99,729.18
Locales		702.14		17.51		4,009.73		4,009.73		4,009.73		3,875.01		4,017.14		3,909.35		3,839.38		3,865.21		3,890.83		4,805.37		4,758.95		4,605.46		4,711.87
Extranjero		20,990.10		28.35		74,027.21		74,027.21		74,027.21		75,043.65		78,649.66		83,121.34		77,650.53		75,599.50		75,117.17		129,930.38		131,027.75		130,917.61		95,017.31
INVERSIONES EN VALORES		18,955.15		18.20		104,172.28		95,698.16		95,471.95		102,528.68		100,973.33		101,635.77		109,307.84		109,637.47		108,271.15		108,636.00		109,475.22		120,154.87		123,127.43
Locales		16,019.10		86.89		18,436.62		18,419.22		18,399.79		17,882.03		17,863.76		20,846.09		21,327.92		21,137.31		21,119.29		21,100.78		20,628.85		29,348.18		34,455.72
Extranjero		2,879.88		3.35		85,932.21		77,452.20		77,245.72		84,816.28		83,279.58		80,967.91		88,128.40		88,646.89		87,299.00		87,682.34		88,992.03		90,956.75		88,812.09
Menos Provisiones		-56.16		-28.57		196.55		173.27		173.55		169.62		170.02		178.23		148.48		146.73		147.14		147.11		145.65		150.06		140.39
Locales		-36.56		-35.69		102.43		102.00		102.01		98.18		98.27		106.38		57.74		56.68		56.72		56.77		55.62		58.03		65.87
Extranjero		-19.60		-20.83		94.12		71.27		71.55		71.45		71.74		71.85		90.73		90.05		90.42		90.34		90.03		92.03		74.52
OTROS ACTIVOS		16,280.03		22.01		73,977.22		95,197.23		110,526.37		80,789.09		152,720.90		142,766.11		80,467.33		126,267.10		135,836.91		89,019.18		127,574.03		133,089.92		90,257.24
Locales		16,968.74		56.39		30,093.26		42,622.27		46,876.19		23,984.07		28,567.99		27,528.54		40,359.81		31,471.10		39,513.48		35,978.66		43,017.49		37,878.45		47,062.00
Extranjero		-688.71		-1.57		43,883.96		52,574.96		63,650.18		56,805.02		124,152.92		115,237.57		40,107.53		94,796.00		96,323.43		53,040.52		84,556.55		95,211.47		43,195.25
TOTAL DE ACTIVOS		1,363,082.83		21.73		6,273,948.16		6,572,083.60		6,533,834.10		5,887,449.64		6,434,250.01		6,236,007.63		6,345,236.15		6,166,334.17		6,334,437.28		6,578,730.83		7,272,598.86		6,471,780.03		7,637,031.00
DEPOSITOS		41,977.53		1.43		2,928,844.45		3,427,801.19		3,201,720.77		2,814,214.59		3,280,077.26		3,185,639.79		2,989,001.68		2,910,263.51		2,909,057.05		2,777,534.67		2,793,296.07		2,129,626.90		2,970,821.98
Locales		-135,928.86		-25.34		536,329.90		496,493.19		440,175.97		470,426.67		373,282.35		509,314.35		488,008.72		399,560.67		392,509.74		397,519.53		420,755.96		292,283.69		400,401.04
Oficiales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Particulares		-25,192.85		-12.58		200,316.39		200,944.61		200,058.47		200,238.66		175,064.10		235,043.22		235,606.32		175,026.01		190,040.36		190,055.80		190,230.45		110,074.78		175,123.54
A la Vista		-266.12		-84.11		316.39		944.61		58.47		238.66		64.10		42.97		248.15		25.77		40.36		55.80		230.45		74.78		50.27
A Plazo		-24,926.73		-12.46		200,000.00		200,000.00		200,000.00		200,000.00		175,000.00		235,000.25		235,358.18		175,000.25		190,000.00		190,000.00		190,000.00		110,000.00		175,073.27
De Ahorros		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Bancos		-110,736.01		-32.96		336,013.51		295,548.58		240,117.50		270,188.00		198,218.25		274,271.13		252,402.40		224,534.66		202,469.39		207,463.73		230,525.52		182,208.90		225,277.50
A la Vista		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A Plazo		-110,736.01		-32.96		336,013.51		295,548.58		240,117.50		270,188.00		198,218.25		274,271.13		252,402.40		224,534.66		202,469.39		207,463.73		230,525.52		182,208.90		225,277.50
Extranjero		177,906.40		7.44		2,392,514.55		2,931,308.00		2,761,544.80		2,343,787.92		2,906,794.92		2,676,325.44		2,500,992.96		2,510,702.84		2,516,547.31		2,380,015.14		2,372,540.10		1,837,343.22		2,570,420.94
Oficiales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Particulares		30,562.77		16.50		185,255.00		79,899.86		97,465.91		246,868.78		144,574.65		166,766.66		183,907.45		100,961.09		165,700.89		148,777.47		120,190.94		122,795.84		215,817.78
A la Vista		10,466.66		1972.96		530.51		1,340.81		954.08		1,245.85		990.08		1,658.88		1,571.41		308.70		5,821.79		1,117.05		317.41		2,088.92		10,997.17
A Plazo		20,096.11		10.88		184,724.50		78,559.05		96,511.83		245,622.93		143,584.58		165,107.78		182,336.05		100,652.39		159,879.10		147,660.41		119,873.53		120,706.92		204,820.61
De Ahorros		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
De Bancos		147,343.62		6.68		2,207,259.55		2,851,408.14		2,664,078.88		2,096,919.14		2,762,220.26		2,509,558.78		2,317,085.50		2,409,741.75		2,350,846.42		2,231,237.67		2,252,349.16		1,714,547.38		2,354,603.17
A la Vista		119,116.71		146.66		81,216.87		194,779.91		129,558.53		40,516.08		116,700.40		20,111.02		18,181.14		76,625.16		14,942.41		76,957.97		19,489.30		94,820.31		200,333.57
A Plazo		28,226.91		1.33		2,126,042.68		2,656,628.23		2,534,520.36		2,056,403.07		2,645,519.87		2,489,447.77		2,298,904.37		2,333,116.59		2,335,904.01		2,154,279.71		2,232,859.86		1,619,727.06		2,154,269.59
OBLIGACIONES		1,346,647.37		60.89		2,211,566.62		2,018,464.29		2,198,097.66		1,950,191.30		1,956,817.10		1,863,957.07		2,218,141.75		2,070,020.60		2,237,876.01		2,701,322.18		3,323,448.72		3,184,668.63		3,558,213.99
Locales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Extranjero		1,346,647.37		60.89		2,211,566.62		2,018,464.29		2,198,097.66		1,950,191.30		1,956,817.10		1,863,957.07		2,218,141.75		2,070,020.60		2,237,876.01		2,701,322.18		3,323,448.72		3,184,668.63		3,558,213.99
OTROS PASIVOS		21,941.15		26.34		83,303.84		80,758.51		81,759.01		68,338.68		155,323.15		137,204.76		82,138.54		140,050.57		135,555.89		101,579.12		164,611.32		157,679.46		105,245.00
Locales		-1,993.83		-10.79		18,473.17		19,004.55		17,563.67		21,654.93		24,449.82		31,522.06		22,513.22		26,582.39		26,642.92		24,727.09		42,015.24		26,035.27		16,479.34
Extranjero		23,934.99		36.92		64,830.67		61,753.96		64,195.34		46,683.76		130,873.33		105,682.71		59,625.32		113,468.18		108,912.97		76,852.03		122,596.08		131,644.19		88,765.65
PATRIMONIO		-47,483.22		-4.52		1,050,233.25		1,045,059.62		1,052,256.66		1,054,705.07		1,042,032.50		1,049,206.01		1,055,954.19		1,045,999.49		1,051,948.33		998,294.87		991,242.75		999,805.05		1,002,750.03
Capital		2,217.18		0.66		336,533.54		336,879.12		337,012.70		339,489.19		339,957.18		340,114.10		340,264.13		337,980.28		338,136.59		338,286.86		338,444.15		338,595.42		338,750.73
Reservas de Capital		0.00		0.00		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15
Otras Reservas		7,095.19		5.49		129,331.85		130,788.29		131,914.35		129,552.19		130,375.65		128,224.42		124,892.82		125,466.18		124,828.50		110,822.77		115,074.26		114,169.17		136,427.05
Provisiones Dinámicas		27,262.39		25.07		108,756.19		108,756.19		108,756.19		108,756.19		108,756.19		108,756.19		108,756.19		108,756.19		108,756.19		108,756.19		108,756.19		108,756.19		136,018.57
Otras Reservas		-20,167.20		-98.01		20,575.67		22,032.10		23,158.17		20,796.00		21,619.46		19,468.23		16,136.63		16,710.00		16,072.32		2,066.58		6,318.07		5,412.98		408.47
Utilidad de Periodos Anteriores		17,029.87		4.21		404,333.66		474,005.02		474,001.17		475,729.70		459,482.29		459,564.99		464,051.08		448,824.25		448,757.71		464,005.42		445,447.03		445,447.03		421,363.53
Utilidad de Periodo		-73,001.69		-86.06		84,829.99		8,127.59		14,125.82		14,870.95		17,386.30		26,653.30		32,140.24		39,261.24		46,226.98		-8,880.89		-1,772.61		7,160.58		11,828.29
Ganancia o Perdida en Valores Disponible para la venta		-823.77		13845.10		-5.95		49.44		-7.54		-147.11		-379.08		-560.96		-604.23		-742.62		-1,211.62		-1,149.44		-1,160.23		-777.31		-829.72
Deuda Subordinada		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
PASIVO Y PATRIMONIO		1,363,082.83		21.73		6,273,948.16		6,572,083.60		6,533,834.10		5,887,449.64		6,434,250.01		6,236,007.63		6,345,236.15		6,166,334.17		6,334,437.28		6,578,730.83		7,272,598.86		6,471,780.03		7,637,031.00

*La unidad monetaria es par y equivalentes con el US$ dólar.

Esta es una copia de la versión original, tomada de la publicación mensual de la Superintendencia de Bancos de Panamá.

(sitioweb: http://www.superbancos.gob.pa).

NOTA: LA INFORMACION INCLUIDA EN EL PRESENTE REPORTE 6-K FUE PREPARADA EN UNA BASE NO CONSOLIDADA Y EXCLUYE LA INFORMACION FINANCIERA DE BLADEX HOLDINGS INC., BLADEX REPRESENTACAO LTDA., BLX SOLUCIONES S.A DE C.V., BLADEX DEVELOPMENT CORP., SEGUN LO EXIGIDO POR LAS LEYES Y REGULACIONES A LAS CUALES ESTAMOS SUJETOS EN PANAMA, EL PAIS DONDE LA SOCIEDAD SE ENCUENTRA CONSTITUIDA Y DONDE ESTAMOS REGULADOS COMO UNA INSTITUCION FINANCIERA. PROPORCIONAMOS LOS ESTADOS FINANCIEROS ANUALES CONSOLIDADOS EN EL REPORTE 20-F QUE SE PRESENTA PARA CADA AÑO FISCAL ANTE EL SECURITIES AND EXCHANGE COMMISSION. LA INFORMACION FINANCIERA NO CONSOLIDADA CONTENIDA EN EL PRESENTE PODRA SER SUBSTANCIALMENTE DIFERENTE DE NUESTROS RESULTADOS FINANCIEROS CONSOLIDADOS PARA EL MISMO PERIODO.

	ESTADO DE RESULTADO	12 DE FEBRERO 2019
	BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
	DE DICIEMBRE 2017 A DICIEMBRE 2018
	(En Miles de Balboas) *

	2017		2018
	Diciembre		Enero		Febrero		Marzo		Abril		Mayo		Junio		Julio		Agosto		Septiembre		Octubre		Noviembre		Diciembre		Acumulado
Ingresos Por Intereses		225,785.32		19,323.22		18,070.17		20,030.80		20,265.13		21,372.53		20,274.22		22,139.89		22,364.85		20,511.06		24,755.80		23,898.79		25,455.84		258,462.30
Préstamos		213,325.90		18,193.23		16,966.22		18,730.21		18,971.96		20,020.76		19,037.04		20,558.60		21,198.97		19,385.12		22,167.76		21,405.57		23,340.72		239,976.16
Depósitos		9,967.73		918.85		919.24		1,088.06		1,087.37		1,125.70		1,005.22		1,328.42		912.66		883.34		2,331.66		2,207.08		1,779.89		15,587.48
Inversiones		2,491.70		211.14		184.71		212.53		205.80		226.07		231.96		252.88		253.23		242.60		256.37		286.14		335.23		2,898.66
Arrendamiento Financiero		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Otros Ingresos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Egresos de Operaciones		106,322.94		10,162.10		9,766.23		10,937.16		11,058.75		11,710.88		11,269.30		12,427.39		12,471.09		12,841.29		15,416.27		14,936.98		15,811.15		148,808.58
Intereses Pagados		106,264.34		10,152.43		9,761.64		10,933.06		11,054.49		11,710.87		11,264.20		12,419.06		12,465.62		12,840.08		15,415.95		14,932.57		15,796.50		148,746.49
Comisiones		58.60		9.67		4.58		4.10		4.26		0.01		5.10		8.33		5.47		1.20		0.32		4.40		14.64		62.09
Ingreso Neto de Intereses		119,462.38		9,161.12		8,303.94		9,093.65		9,206.38		9,661.65		9,004.92		9,712.50		9,893.76		7,669.77		9,339.53		8,961.81		9,644.69		109,653.72
Otros Ingresos		187,102.90		21,827.92		9,319.88		9,838.05		12,974.73		15,460.11		8,801.50		9,300.14		8,165.39		5,866.56		12,660.45		7,476.95		10,758.94		132,450.62
Comisiones		17,544.82		1,089.59		965.12		1,020.94		1,488.70		1,376.19		2,175.49		1,189.93		1,049.93		1,463.75		950.22		2,403.12		2,065.48		17,238.47
Operaciones con Divisas		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Dividendos		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Otros ingresos		169,558.08		20,738.34		8,354.76		8,817.10		11,486.04		14,083.92		6,626.00		8,110.21		7,115.46		4,402.82		11,710.23		5,073.83		8,693.46		115,212.15
Ingresos de Operaciones		306,565.28		30,989.04		17,623.81		18,931.69		22,181.11		25,121.76		17,806.41		19,012.64		18,059.15		13,536.34		21,999.98		16,438.76		20,403.64		242,104.34
Egresos Generales		211,839.33		22,714.24		11,470.06		16,558.47		15,921.30		17,013.78		13,134.60		12,237.97		11,313.83		12,942.71		14,689.80		7,800.45		16,963.88		172,761.08
Gastos Administrativos		29,583.12		1,400.78		1,890.84		6,934.85		2,475.29		1,623.85		2,802.66		1,881.06		1,995.43		2,233.15		2,010.67		1,908.59		3,926.61		31,083.78
Gastos Generales		7,165.75		293.03		400.48		411.77		967.21		367.89		473.85		417.25		659.59		418.76		694.01		435.52		1,185.09		6,724.43
Gastos de Depreciación		2,192.28		141.84		262.15		198.83		198.71		197.99		203.50		198.24		197.24		196.40		141.12		153.66		148.20		2,237.87
Otros Gastos		172,898.17		20,878.59		8,916.60		9,013.01		12,280.10		14,824.05		9,654.60		9,741.42		8,461.57		10,094.40		11,844.00		5,302.69		11,703.97		132,714.99
Utilidad antes de Provisiones		94,725.96		8,274.80		6,153.75		2,373.23		6,259.81		8,107.98		4,671.81		6,774.68		6,745.32		593.63		7,310.18		8,638.31		3,439.76		69,343.26
Provisiones por Cuentas Malas		9,661.44		147.21		155.52		1,628.10		3,744.45		-1,159.02		-815.14		-346.32		-220.42		55,701.50		201.90		-294.88		-1,227.95		57,514.96
Utilidad del Periodo		85,064.51		8,127.59		5,998.23		745.13		2,515.35		9,267.00		5,486.94		7,121.00		6,965.74		-55,107.87		7,108.28		8,933.20		4,667.71		11,828.29

*La unidad monetaria es par y equivalentes con el US$ dólar.

Esta es una copia de la versión original, tomada de la publicación mensual de la Superintendencia de Bancos de Panamá.

(sitioweb: http://www.superbancos.gob.pa).

NOTE: THE FINANCIAL INFORMATION INCLUDED IN THIS FORM 6-K HAS BEEN PREPARED ON A NON-CONSOLIDATED BASIS AND EXCLUDES FINANCIAL INFORMATION FOR BLADEX HOLDINGS INC., BLADEX REPRESENTACAO LTDA., BLX SOLUCIONES S.A. DE C.V., AND BLADEX DEVELOPMENT CORP., AS REQUIRED BY THE LAWS AND REGULATIONS APPLICABLE TO BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A. ("BLADEX") IN PANAMA, COUNTRY OF INCORPORATION WHERE BLADEX IS REGULATED AS A BANK WITH A GENERAL LICENSE . WE PROVIDE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS IN OUR ANNUAL REPORT ON FORM 20-F FOR EACH FISCAL YEAR. THE NON-CONSOLIDATED FINANCIAL INFORMATION CONTAINED HEREIN MAY DIFFER MATERIALLY FROM OUR CONSOLIDATED FINANCIAL RESULTS FOR THE SAME PERIOD.

	BALANCE SHEET	FEBRUARY 12 2019
	BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
	DECEMBER 2017 - DECEMBER 2018
	(In Thousand Balboas) *

	Absolute				2017		2018
	Variation		%		December		January		February		March		April		May		June		July		August		September		October		November		December
LIQUID ASSETS		1,076,772.93		161.15		668,177.98		695,545.34		791,891.91		557,726.25		650,295.18		607,266.60		681,696.88		514,986.71		716,528.33		791,293.38		1,575,140.58		566,653.55		1,744,950.91
Local Deposits in Banks		473.24		9.93		4,765.36		3,593.90		3,834.00		4,495.33		5,493.16		2,225.58		1,413.06		1,530.08		2,048.44		1,764.40		1,966.00		2,911.32		5,238.60
Demand		473.24		9.93		4,765.36		3,593.90		3,834.00		4,495.33		5,493.16		2,225.58		1,413.06		1,530.08		2,048.44		1,764.40		1,966.00		2,911.32		5,238.60
Time		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign Deposits in Banks		1,076,299.69		162.24		663,412.62		691,951.44		788,057.90		553,230.92		644,802.02		605,041.02		680,283.82		513,456.63		714,479.89		789,528.98		1,573,174.58		563,742.22		1,739,712.31
Demand		1,026,299.69		154.70		663,412.62		541,951.44		513,057.90		553,230.92		364,802.02		490,041.02		680,283.82		438,456.63		714,479.89		789,528.98		1,493,174.58		513,742.22		1,689,712.31
Time		50,000.00		0.00		0.00		150,000.00		275,000.00		0.00		280,000.00		115,000.00		0.00		75,000.00		0.00		0.00		80,000.00		50,000.00		50,000.00
Less Allowance		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Local		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Others		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
CREDIT PORTFOLIO		251,074.73		4.63		5,427,620.68		5,685,642.87		5,535,943.87		5,146,405.62		5,530,260.60		5,384,339.16		5,473,764.10		5,415,442.89		5,373,800.89		5,589,782.28		5,460,409.03		5,651,881.69		5,678,695.41
Local		89,308.05		23.01		388,189.95		370,176.21		355,485.08		350,053.96		423,612.36		398,213.96		413,068.22		419,351.74		437,148.78		517,064.33		521,341.07		467,867.85		477,498.00
Foreign		183,458.91		3.58		5,117,467.68		5,393,503.60		5,258,495.73		4,875,270.31		5,189,315.03		5,073,155.89		5,142,185.79		5,075,555.85		5,015,660.10		5,207,453.70		5,074,854.66		5,319,536.91		5,300,926.59
Less Allowance		21,692.24		27.80		78,036.94		78,036.94		78,036.94		78,918.66		82,666.79		87,030.69		81,489.92		79,464.71		79,008.00		134,735.75		135,786.70		135,523.07		99,729.18
Local		702.14		17.51		4,009.73		4,009.73		4,009.73		3,875.01		4,017.14		3,909.35		3,839.38		3,865.21		3,890.83		4,805.37		4,758.95		4,605.46		4,711.87
Foreign		20,990.10		28.35		74,027.21		74,027.21		74,027.21		75,043.65		78,649.66		83,121.34		77,650.53		75,599.50		75,117.17		129,930.38		131,027.75		130,917.61		95,017.31
INVESTMENT SECURITIES		18,955.15		18.20		104,172.28		95,698.16		95,471.95		102,528.68		100,973.33		101,635.77		109,307.84		109,637.47		108,271.15		108,636.00		109,475.22		120,154.87		123,127.43
Local		16,019.10		86.89		18,436.62		18,419.22		18,399.79		17,882.03		17,863.76		20,846.09		21,327.92		21,137.31		21,119.29		21,100.78		20,628.85		29,348.18		34,455.72
Foreign		2,879.88		3.35		85,932.21		77,452.20		77,245.72		84,816.28		83,279.58		80,967.91		88,128.40		88,646.89		87,299.00		87,682.34		88,992.03		90,956.75		88,812.09
Less Allowance		-56.16		-28.57		196.55		173.27		173.55		169.62		170.02		178.23		148.48		146.73		147.14		147.11		145.65		150.06		140.39
Local		-36.56		-35.69		102.43		102.00		102.01		98.18		98.27		106.38		57.74		56.68		56.72		56.77		55.62		58.03		65.87
Foreign		-19.60		-20.83		94.12		71.27		71.55		71.45		71.74		71.85		90.73		90.05		90.42		90.34		90.03		92.03		74.52
OTHER ASSETS		16,280.03		22.01		73,977.22		95,197.23		110,526.37		80,789.09		152,720.90		142,766.11		80,467.33		126,267.10		135,836.91		89,019.18		127,574.03		133,089.92		90,257.24
Local		16,968.74		56.39		30,093.26		42,622.27		46,876.19		23,984.07		28,567.99		27,528.54		40,359.81		31,471.10		39,513.48		35,978.66		43,017.49		37,878.45		47,062.00
Foreign		-688.71		-1.57		43,883.96		52,574.96		63,650.18		56,805.02		124,152.92		115,237.57		40,107.53		94,796.00		96,323.43		53,040.52		84,556.55		95,211.47		43,195.25
TOTAL ASSETS		1,363,082.83		21.73		6,273,948.16		6,572,083.60		6,533,834.10		5,887,449.64		6,434,250.01		6,236,007.63		6,345,236.15		6,166,334.17		6,334,437.28		6,578,730.83		7,272,598.86		6,471,780.03		7,637,031.00
DEPOSITS		41,977.53		1.43		2,928,844.45		3,427,801.19		3,201,720.77		2,814,214.59		3,280,077.26		3,185,639.79		2,989,001.68		2,910,263.51		2,909,057.05		2,777,534.67		2,793,296.07		2,129,626.90		2,970,821.98
Local		-135,928.86		-25.34		536,329.90		496,493.19		440,175.97		470,426.67		373,282.35		509,314.35		488,008.72		399,560.67		392,509.74		397,519.53		420,755.96		292,283.69		400,401.04
Government		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Customers		-25,192.85		-12.58		200,316.39		200,944.61		200,058.47		200,238.66		175,064.10		235,043.22		235,606.32		175,026.01		190,040.36		190,055.80		190,230.45		110,074.78		175,123.54
Demand		-266.12		-84.11		316.39		944.61		58.47		238.66		64.10		42.97		248.15		25.77		40.36		55.80		230.45		74.78		50.27
Time		-24,926.73		-12.46		200,000.00		200,000.00		200,000.00		200,000.00		175,000.00		235,000.25		235,358.18		175,000.25		190,000.00		190,000.00		190,000.00		110,000.00		175,073.27
Savings		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
From Banks		-110,736.01		-32.96		336,013.51		295,548.58		240,117.50		270,188.00		198,218.25		274,271.13		252,402.40		224,534.66		202,469.39		207,463.73		230,525.52		182,208.90		225,277.50
Demand		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Time		-110,736.01		-32.96		336,013.51		295,548.58		240,117.50		270,188.00		198,218.25		274,271.13		252,402.40		224,534.66		202,469.39		207,463.73		230,525.52		182,208.90		225,277.50
Foreign		177,906.40		7.44		2,392,514.55		2,931,308.00		2,761,544.80		2,343,787.92		2,906,794.92		2,676,325.44		2,500,992.96		2,510,702.84		2,516,547.31		2,380,015.14		2,372,540.10		1,837,343.22		2,570,420.94
Government		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Customers		30,562.77		16.50		185,255.00		79,899.86		97,465.91		246,868.78		144,574.65		166,766.66		183,907.45		100,961.09		165,700.89		148,777.47		120,190.94		122,795.84		215,817.78
Demand		10,466.66		1,972.96		530.51		1,340.81		954.08		1,245.85		990.08		1,658.88		1,571.41		308.70		5,821.79		1,117.05		317.41		2,088.92		10,997.17
Time		20,096.11		10.88		184,724.50		78,559.05		96,511.83		245,622.93		143,584.58		165,107.78		182,336.05		100,652.39		159,879.10		147,660.41		119,873.53		120,706.92		204,820.61
Savings		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
From Banks		147,343.62		6.68		2,207,259.55		2,851,408.14		2,664,078.88		2,096,919.14		2,762,220.26		2,509,558.78		2,317,085.50		2,409,741.75		2,350,846.42		2,231,237.67		2,252,349.16		1,714,547.38		2,354,603.17
Demand		119,116.71		146.66		81,216.87		194,779.91		129,558.53		40,516.08		116,700.40		20,111.02		18,181.14		76,625.16		14,942.41		76,957.97		19,489.30		94,820.31		200,333.57
Time		28,226.91		1.33		2,126,042.68		2,656,628.23		2,534,520.36		2,056,403.07		2,645,519.87		2,489,447.77		2,298,904.37		2,333,116.59		2,335,904.01		2,154,279.71		2,232,859.86		1,619,727.06		2,154,269.59
BORROWINGS		1,346,647.37		60.89		2,211,566.62		2,018,464.29		2,198,097.66		1,950,191.30		1,956,817.10		1,863,957.07		2,218,141.75		2,070,020.60		2,237,876.01		2,701,322.18		3,323,448.72		3,184,668.63		3,558,213.99
Local		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Foreign		1,346,647.37		60.89		2,211,566.62		2,018,464.29		2,198,097.66		1,950,191.30		1,956,817.10		1,863,957.07		2,218,141.75		2,070,020.60		2,237,876.01		2,701,322.18		3,323,448.72		3,184,668.63		3,558,213.99
OTHER LIABILITIES		21,941.15		26.34		83,303.84		80,758.51		81,759.01		68,338.68		155,323.15		137,204.76		82,138.54		140,050.57		135,555.89		101,579.12		164,611.32		157,679.46		105,245.00
Local		-1,993.83		-10.79		18,473.17		19,004.55		17,563.67		21,654.93		24,449.82		31,522.06		22,513.22		26,582.39		26,642.92		24,727.09		42,015.24		26,035.27		16,479.34
Foreign		23,934.99		36.92		64,830.67		61,753.96		64,195.34		46,683.76		130,873.33		105,682.71		59,625.32		113,468.18		108,912.97		76,852.03		122,596.08		131,644.19		88,765.65
STOCKHOLDERS´ EQUITY		-47,483.22		-4.52		1,050,233.25		1,045,059.62		1,052,256.66		1,054,705.07		1,042,032.50		1,049,206.01		1,055,954.19		1,045,999.49		1,051,948.33		998,294.87		991,242.75		999,805.05		1,002,750.03
Capital		2,217.18		0.66		336,533.54		336,879.12		337,012.70		339,489.19		339,957.18		340,114.10		340,264.13		337,980.28		338,136.59		338,286.86		338,444.15		338,595.42		338,750.73
Capital Reserves		0.00		0.00		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15		95,210.15
Other Reserves		7,095.19		5.49		129,331.85		130,788.29		131,914.35		129,552.19		130,375.65		128,224.42		124,892.82		125,466.18		124,828.50		110,822.77		115,074.26		114,169.17		136,427.05
Dynamic Provision		27,262.39		25.07		108,756.19		108,756.19		108,756.19		108,756.19		108,756.19		108,756.19		108,756.19		108,756.19		108,756.19		108,756.19		108,756.19		108,756.19		136,018.57
Other Reserves		-20,167.20		-98.01		20,575.67		22,032.10		23,158.17		20,796.00		21,619.46		19,468.23		16,136.63		16,710.00		16,072.32		2,066.58		6,318.07		5,412.98		408.47
Retained Earnings		17,029.87		4.21		404,333.66		474,005.02		474,001.17		475,729.70		459,482.29		459,564.99		464,051.08		448,824.25		448,757.71		464,005.42		445,447.03		445,447.03		421,363.53
Net Income		-73,001.69		-86.06		84,829.99		8,127.59		14,125.82		14,870.95		17,386.30		26,653.30		32,140.24		39,261.24		46,226.98		-8,880.89		-1,772.61		7,160.58		11,828.29
Gain or Loss in Securities available for sale		-823.77		13,845.10		-5.95		49.44		-7.54		-147.11		-379.08		-560.96		-604.23		-742.62		-1,211.62		-1,149.44		-1,160.23		-777.31		-829.72
Subordinated Debt		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
LIABILITIES AND STOCKHOLDER'S EQUITY		1,363,082.83		21.73		6,273,948.16		6,572,083.60		6,533,834.10		5,887,449.64		6,434,250.01		6,236,007.63		6,345,236.15		6,166,334.17		6,334,437.28		6,578,730.83		7,272,598.86		6,471,780.03		7,637,031.00

*Monetary unit at par and equivalent with US$ dollars.

This is a translation from Spanish original version, taken from the monthly publication of the Superintendency of Banks of Panama

(website: http://www.superbancos.gob.pa).

	INCOME STATEMENT	FEBRUARY 12 2019
	BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
	DECEMBER 2017 - DECEMBER 2018
	(In Thousand Balboas) *

	2017		2018
	December		January		February		March		April		May		June		July		August		September		October		November		December		Year to date
Interest Income		225,785.32		19,323.22		18,070.17		20,030.80		20,265.13		21,372.53		20,274.22		22,139.89		22,364.85		20,511.06		24,755.80		23,898.79		25,455.84		258,462.30
Loans		213,325.90		18,193.23		16,966.22		18,730.21		18,971.96		20,020.76		19,037.04		20,558.60		21,198.97		19,385.12		22,167.76		21,405.57		23,340.72		239,976.16
Deposits		9,967.73		918.85		919.24		1,088.06		1,087.37		1,125.70		1,005.22		1,328.42		912.66		883.34		2,331.66		2,207.08		1,779.89		15,587.48
Investments		2,491.70		211.14		184.71		212.53		205.80		226.07		231.96		252.88		253.23		242.60		256.37		286.14		335.23		2,898.66
Financial Leases		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Other Income		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Interest Expense		106,322.94		10,162.10		9,766.23		10,937.16		11,058.75		11,710.88		11,269.30		12,427.39		12,471.09		12,841.29		15,416.27		14,936.98		15,811.15		148,808.58
Interest		106,264.34		10,152.43		9,761.64		10,933.06		11,054.49		11,710.87		11,264.20		12,419.06		12,465.62		12,840.08		15,415.95		14,932.57		15,796.50		148,746.49
Commissions		58.60		9.67		4.58		4.10		4.26		0.01		5.10		8.33		5.47		1.20		0.32		4.40		14.64		62.09
Net Interest Income		119,462.38		9,161.12		8,303.94		9,093.65		9,206.38		9,661.65		9,004.92		9,712.50		9,893.76		7,669.77		9,339.53		8,961.81		9,644.69		109,653.72
Other Income		187,102.90		21,827.92		9,319.88		9,838.05		12,974.73		15,460.11		8,801.50		9,300.14		8,165.39		5,866.56		12,660.45		7,476.95		10,758.94		132,450.62
Commissions		17,544.82		1,089.59		965.12		1,020.94		1,488.70		1,376.19		2,175.49		1,189.93		1,049.93		1,463.75		950.22		2,403.12		2,065.48		17,238.47
Foreign currency operations		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Dividends		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Other Income		169,558.08		20,738.34		8,354.76		8,817.10		11,486.04		14,083.92		6,626.00		8,110.21		7,115.46		4,402.82		11,710.23		5,073.83		8,693.46		115,212.15
Operating Income		306,565.28		30,989.04		17,623.81		18,931.69		22,181.11		25,121.76		17,806.41		19,012.64		18,059.15		13,536.34		21,999.98		16,438.76		20,403.64		242,104.34
Operating Expenses		211,839.33		22,714.24		11,470.06		16,558.47		15,921.30		17,013.78		13,134.60		12,237.97		11,313.83		12,942.71		14,689.80		7,800.45		16,963.88		172,761.08
Administrative expenses		29,583.12		1,400.78		1,890.84		6,934.85		2,475.29		1,623.85		2,802.66		1,881.06		1,995.43		2,233.15		2,010.67		1,908.59		3,926.61		31,083.78
General expenses		7,165.75		293.03		400.48		411.77		967.21		367.89		473.85		417.25		659.59		418.76		694.01		435.52		1,185.09		6,724.43
Depreciation		2,192.28		141.84		262.15		198.83		198.71		197.99		203.50		198.24		197.24		196.40		141.12		153.66		148.20		2,237.87
Other expenses		172,898.17		20,878.59		8,916.60		9,013.01		12,280.10		14,824.05		9,654.60		9,741.42		8,461.57		10,094.40		11,844.00		5,302.69		11,703.97		132,714.99
Net Income before provision for loan losses		94,725.96		8,274.80		6,153.75		2,373.23		6,259.81		8,107.98		4,671.81		6,774.68		6,745.32		593.63		7,310.18		8,638.31		3,439.76		69,343.26
Provision for loan losses		9,661.44		147.21		155.52		1,628.10		3,744.45		-1,159.02		-815.14		-346.32		-220.42		55,701.50		201.90		-294.88		-1,227.95		57,514.96
Net Income		85,064.51		8,127.59		5,998.23		745.13		2,515.35		9,267.00		5,486.94		7,121.00		6,965.74		-55,107.87		7,108.28		8,933.20		4,667.71		11,828.29

*Monetary unit at par and equivalent with US$ dollars.

This is a translation from Spanish original version, taken from the monthly publication of the Superintendency of Banks of Panama

(website: http://www.superbancos.gob.pa).