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, 2018

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 4, 2018

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

	By:	/s/ Pierre Dulin
	Name:	Pierre Dulin
	Title:	General Manager

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 SOCIEDA 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	19 DE FEBRERO 2018
	BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
	DE DICIEMBRE 2016 A DICIEMBRE 2017
	(En Miles de Balboas) *

	Variación				2016		2017
	Absoluta		%		Diciembre		Enero		Febrero		Marzo		Abril		Mayo		Junio		Julio		Agosto		Septiembre		Octubre		Noviembre		Diciembre
ACTIVOS LIQUIDOS		-395,080.64		-37.16		1,063,258.62		961,971.68		892,438.25		1,268,171.56		1,124,186.59		723,518.76		815,042.57		884,879.11		919,409.56		795,325.56		565,268.06		748,493.79		668,177.98
Depósitos Locales en Bancos		4,339.70		1019.53		425.66		679.82		666.95		1,799.04		868.06		543.82		9,692.41		7,101.65		5,281.75		1,572.95		1,183.19		2,040.14		4,765.36
A la Vista		4,339.70		1019.53		425.66		679.82		666.95		1,799.04		868.06		543.82		9,692.41		7,101.65		5,281.75		1,572.95		1,183.19		2,040.14		4,765.36
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		-399,415.38		-37.58		1,062,828.00		961,284.62		891,765.03		1,266,366.55		1,123,311.21		722,966.17		805,346.73		877,777.46		914,127.81		793,752.61		564,084.86		746,453.66		663,412.62
A la Vista		-274,415.38		-29.26		937,828.00		641,284.62		811,765.03		1,161,366.55		1,123,311.21		722,966.17		745,346.73		752,777.46		734,127.81		793,752.61		514,084.86		596,453.66		663,412.62
A Plazo		-125,000.00		-100.00		125,000.00		320,000.00		80,000.00		105,000.00		0.00		0.00		60,000.00		125,000.00		180,000.00		0.00		50,000.00		150,000.00		0.00
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		-4.97		-100.00		4.97		7.23		6.26		5.97		7.32		8.76		3.43		0.00		0.00		0.00		0.00		0.00		0.00
CARTERA CREDITICIA		-547,691.05		-9.17		5,974,620.51		5,734,332.27		5,648,818.70		5,688,594.59		5,139,731.86		5,422,597.04		5,457,648.02		5,349,000.20		5,033,912.65		5,233,398.31		5,459,086.33		5,414,537.80		5,426,929.46
Locales		-80,321.89		-17.14		468,511.84		460,492.09		461,182.19		469,638.27		400,751.24		392,596.71		429,842.92		444,389.37		450,942.58		427,699.69		395,117.82		407,353.40		388,189.95
Extranjero		-416,491.33		-7.50		5,552,219.61		5,319,951.12		5,233,747.44		5,269,675.30		4,789,699.59		5,139,253.55		5,140,471.70		5,017,277.42		4,695,636.67		4,914,198.57		5,172,468.45		5,104,230.57		5,135,728.28
Menos Provisiones		50,877.83		110.34		46,110.93		46,110.93		46,110.93		50,718.97		50,718.97		109,253.22		112,666.59		112,666.59		112,666.59		108,499.95		108,499.95		97,046.17		96,988.76
Locales		-4,764.61		-54.77		8,700.00		8,700.00		8,700.00		8,700.00		8,700.00		10,565.18		7,089.50		7,089.50		7,089.50		7,566.13		7,566.13		6,168.39		3,935.39
Extranjero		55,642.44		148.73		37,410.93		37,410.93		37,410.93		42,018.97		42,018.97		98,688.04		105,577.09		105,577.09		105,577.09		100,933.82		100,933.82		90,877.78		93,053.37
INVERSIONES EN VALORES		-22,182.55		-18.81		117,953.13		111,634.72		100,817.77		100,479.30		89,754.96		89,736.08		89,300.42		92,496.54		94,117.99		97,596.02		94,826.21		95,908.61		95,770.57
Locales		6,765.97		57.97		11,670.64		11,653.67		11,634.61		11,617.27		8,599.40		8,582.17		8,564.41		11,376.23		12,993.64		16,835.54		17,272.03		18,454.02		18,436.62
Extranjero		-29,354.51		-27.46		106,885.02		100,421.42		89,338.38		89,017.64		81,302.21		81,300.94		80,883.64		81,291.17		81,310.53		80,981.34		77,770.36		77,681.93		77,530.51
Menos Provisiones		-405.98		-67.38		602.53		440.37		155.22		155.61		146.65		147.03		147.64		170.85		186.17		220.85		216.18		227.35		196.55
Locales		65.08		174.23		37.35		36.76		36.81		36.88		27.38		27.44		27.50		52.20		66.96		101.66		105.77		116.69		102.43
Extranjero		-471.06		-83.35		565.18		403.61		118.41		118.73		119.28		119.59		120.14		118.65		119.21		119.20		110.41		110.66		94.12
OTROS ACTIVOS		-7,272.09		-8.06		90,185.95		75,645.19		81,406.05		73,587.16		76,974.79		92,443.60		68,919.80		86,782.94		92,265.34		81,421.22		88,303.42		105,144.56		82,913.86
Locales		20,443.80		94.84		21,555.49		27,808.81		34,452.69		29,355.35		33,622.59		29,132.88		30,531.89		32,598.83		36,491.54		42,194.80		43,232.47		43,405.62		41,999.29
Extranjero		-27,715.89		-40.38		68,630.46		47,836.38		46,953.37		44,231.81		43,352.20		63,310.72		38,387.91		54,184.11		55,773.80		39,226.42		45,070.95		61,738.95		40,914.57
TOTAL DE ACTIVOS		-972,226.34		-13.42		7,246,018.21		6,883,583.86		6,723,480.78		7,130,832.62		6,430,648.20		6,328,295.49		6,430,910.80		6,413,158.79		6,139,705.55		6,207,741.11		6,207,484.02		6,364,084.77		6,273,791.88
DEPOSITOS		125,992.48		4.50		2,802,851.97		2,851,077.54		2,805,203.17		3,181,255.89		3,034,970.20		3,128,852.35		3,353,554.31		3,443,711.42		3,285,650.34		3,003,009.66		3,276,963.03		3,407,603.49		2,928,844.45
Locales		114,088.90		27.02		422,241.00		483,573.74		450,915.24		489,582.14		522,180.14		499,915.31		490,489.60		520,736.64		525,804.49		558,697.42		509,677.24		512,575.38		536,329.90
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		39,852.07		24.84		160,464.32		160,941.58		146,743.12		170,853.11		190,377.09		190,055.73		205,151.33		205,379.37		205,380.56		225,312.41		206,266.35		206,109.34		200,316.39
A la Vista		-147.93		-31.86		464.32		941.58		1,743.12		853.11		377.09		55.73		113.03		285.52		286.71		140.75		1,030.76		873.74		316.39
A Plazo		40,000.00		25.00		160,000.00		160,000.00		145,000.00		170,000.00		190,000.00		190,000.00		205,038.29		205,093.85		205,093.85		225,171.66		205,235.59		205,235.59		200,000.00
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		74,236.83		28.36		261,776.68		322,632.15		304,172.12		318,729.03		331,803.05		309,859.58		285,338.27		315,357.27		320,423.94		333,385.00		303,410.89		306,466.05		336,013.51
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		74,236.83		28.36		261,776.68		322,632.15		304,172.12		318,729.03		331,803.05		309,859.58		285,338.27		315,357.27		320,423.94		333,385.00		303,410.89		306,466.05		336,013.51
Extranjero		11,903.57		0.50		2,380,610.98		2,367,503.81		2,354,287.93		2,691,673.75		2,512,790.06		2,628,937.04		2,863,064.71		2,922,974.79		2,759,845.84		2,444,312.24		2,767,285.79		2,895,028.11		2,392,514.55
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		177,999.76		2453.39		7,255.25		103,480.43		141,269.52		207,244.12		237,120.23		255,244.82		208,418.86		204,954.79		235,659.48		202,009.73		153,734.73		109,072.63		185,255.00
A la Vista		-6,256.42		-92.18		6,786.92		3,012.10		8,708.65		6,515.46		14,339.30		17,964.09		7,923.27		1,126.14		5,367.05		3,490.18		1,321.32		3,977.48		530.51
A Plazo		184,256.17		39343.75		468.32		100,468.32		132,560.87		200,728.66		222,780.92		237,280.73		200,495.59		203,828.65		230,292.43		198,519.55		152,413.40		105,095.14		184,724.50
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		-166,096.18		-7.00		2,373,355.73		2,264,023.38		2,213,018.41		2,484,429.63		2,275,669.84		2,373,692.22		2,654,645.85		2,718,020.00		2,524,186.36		2,242,302.52		2,613,551.07		2,785,955.48		2,207,259.55
A la Vista		-38,545.83		-32.19		119,762.70		119,832.86		58,184.32		238,006.58		159,096.26		144,206.50		118,940.00		124,448.16		179,873.83		201,502.56		150,077.39		134,071.50		81,216.87
A Plazo		-127,550.35		-5.66		2,253,593.03		2,144,190.52		2,154,834.10		2,246,423.04		2,116,573.58		2,229,485.71		2,535,705.84		2,593,571.84		2,344,312.54		2,040,799.95		2,463,473.68		2,651,883.98		2,126,042.68
OBLIGACIONES		-1,035,246.76		-31.89		3,246,813.39		2,849,537.62		2,733,536.45		2,764,796.93		2,193,817.20		2,079,763.36		1,972,763.14		1,851,811.19		1,736,899.65		2,094,924.84		1,805,116.21		1,822,241.60		2,211,566.62
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		-1,035,246.76		-31.89		3,246,813.39		2,849,537.62		2,733,536.45		2,764,796.93		2,193,817.20		2,079,763.36		1,972,763.14		1,851,811.19		1,736,899.65		2,094,924.84		1,805,116.21		1,822,241.60		2,211,566.62
OTROS PASIVOS		-34,347.59		-29.77		115,364.24		107,795.10		100,564.91		96,259.89		119,175.69		93,154.78		72,046.75		91,743.87		84,723.43		70,136.83		93,410.66		93,034.11		81,016.65
Locales		4,552.19		32.70		13,920.99		12,601.78		13,690.65		13,481.66		33,919.86		10,142.81		12,714.32		14,668.90		21,377.27		14,802.87		16,749.78		19,764.48		18,473.17
Extranjero		-38,899.78		-38.35		101,443.26		95,193.33		86,874.27		82,778.23		85,255.83		83,011.97		59,332.43		77,074.97		63,346.16		55,333.96		76,660.88		73,269.63		62,543.48
PATRIMONIO		-28,624.46		-2.65		1,080,988.61		1,075,173.58		1,084,176.24		1,088,519.90		1,082,685.09		1,026,524.99		1,032,546.61		1,025,892.31		1,032,432.13		1,039,669.79		1,031,994.12		1,041,205.56		1,052,364.15
Capital		5,205.79		1.57		331,328.76		331,512.87		331,707.53		332,022.36		333,871.10		333,807.02		334,006.97		334,193.19		334,376.25		334,610.18		334,793.24		335,450.48		336,534.54
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		-7,372.68		-5.98		123,302.02		110,187.46		109,207.69		110,654.10		110,005.02		110,039.49		111,150.19		111,545.01		111,045.38		113,231.88		117,586.57		117,888.40		115,929.35
Provisiones Dinámicas		0.00		0.00		107,391.89		107,391.89		107,391.89		107,391.89		107,391.89		107,391.89		107,391.89		107,391.89		107,391.89		107,391.89		107,391.89		107,391.89		107,391.89
Otras Reservas		-7,372.68		-46.34		15,910.14		2,795.57		1,815.80		3,262.22		2,613.13		2,647.61		3,758.31		4,153.12		3,653.50		5,840.00		10,194.69		10,496.51		8,537.46
Utilidad de Periodos Anteriores		-26,309.95		-5.93		444,046.12		529,249.54		529,249.54		526,534.63		511,432.26		447,998.57		449,341.21		434,187.01		434,187.01		433,355.21		414,757.67		414,757.67		417,736.17
Utilidad de Periodo		-620.70		-0.71		87,580.59		9,467.43		18,970.28		24,445.43		32,479.94		39,662.53		43,307.47		50,718.93		57,422.99		63,250.48		69,655.24		77,857.11		86,959.89
Ganancia o Perdida en Valores Disponible para la venta		473.08		-98.76		-479.03		-453.87		-168.96		-346.77		-313.38		-192.76		-469.39		38.02		190.34		11.88		-8.76		41.74		-5.95
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		-972,226.34		-13.42		7,246,018.21		6,883,583.86		6,723,480.78		7,130,832.62		6,430,648.20		6,328,295.49		6,430,910.80		6,413,158.79		6,139,705.55		6,207,741.11		6,207,484.02		6,364,084.77		6,273,791.88

*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 SOCIEDA 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	19 DE FEBRERO 2018
	BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
	DE DICIEMBRE 2016 A DICIEMBRE 2017
	(En Miles de Balboas) *

	2016		2017
	Diciembre		Enero		Febrero		Marzo		Abril		Mayo		Junio		Julio		Agosto		Septiembre		Octubre		Noviembre		Diciembre		Acumulado
Ingresos Por Intereses		244,331.49		20,001.97		18,541.73		20,587.57		18,684.18		18,719.02		18,695.18		19,132.57		18,409.35		17,245.18		18,253.91		17,620.78		20,050.61		225,942.04
Préstamos		234,825.15		19,069.92		17,708.98		19,647.95		17,634.93		17,653.45		17,421.69		17,809.34		17,262.78		16,385.11		17,120.16		16,812.74		18,955.57		213,482.61
Depósitos		4,471.86		639.26		634.77		727.05		855.62		874.97		1,091.04		1,128.19		945.97		657.29		922.57		607.07		883.92		9,967.73
Inversiones		5,034.48		292.80		197.98		212.57		193.63		190.60		182.45		195.04		200.60		202.78		211.18		200.96		211.12		2,491.70
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		91,136.58		8,528.98		7,616.80		8,566.77		7,865.79		8,021.54		10,877.56		9,384.59		9,179.59		8,601.82		9,633.01		8,610.00		9,436.51		106,322.94
Intereses Pagados		90,688.83		8,526.99		7,615.18		8,556.80		7,865.70		8,020.32		10,867.82		9,384.53		9,175.25		8,592.60		9,631.45		8,593.19		9,434.52		106,264.34
Comisiones		447.75		1.99		1.62		9.96		0.09		1.22		9.74		0.06		4.34		9.22		1.56		16.81		1.99		58.60
Ingreso Neto de Intereses		153,194.92		11,473.00		10,924.93		12,020.81		10,818.39		10,697.47		7,817.62		9,747.98		9,229.76		8,643.36		8,620.90		9,010.78		10,614.10		119,619.09
Otros Ingresos		245,196.77		19,536.35		18,965.69		18,059.88		11,399.86		15,683.57		17,748.46		17,380.40		6,152.84		17,657.31		13,105.37		14,290.59		17,122.59		187,102.90
Comisiones		14,148.82		1,043.93		982.70		1,091.28		928.91		2,701.86		1,305.75		835.25		767.70		2,149.12		957.24		991.93		3,789.16		17,544.82
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		231,047.96		18,492.41		17,983.00		16,968.60		10,470.95		12,981.72		16,442.71		16,545.15		5,385.15		15,508.19		12,148.12		13,298.66		13,333.43		169,558.08
Ingresos de Operaciones		398,391.69		31,009.34		29,890.62		30,080.69		22,218.24		26,381.05		25,566.08		27,128.38		15,382.60		26,300.67		21,726.27		23,301.37		27,736.68		306,722.00
Egresos Generales		277,266.80		21,384.70		20,243.36		20,788.13		14,048.02		17,168.19		19,756.20		19,588.31		8,559.08		18,906.16		15,274.59		16,389.78		17,956.73		210,063.23
Gastos Administrativos		27,372.29		1,923.08		2,062.54		2,804.91		2,723.45		2,851.75		2,429.67		1,911.46		2,223.64		2,211.77		2,280.36		2,022.73		2,537.77		27,983.12
Gastos Generales		8,032.14		573.49		692.91		528.17		540.31		641.54		470.98		492.40		525.54		402.84		701.20		515.79		1,025.81		7,110.96
Gastos de Depreciación		2,017.54		205.03		185.55		185.62		185.80		185.09		183.64		143.17		141.88		146.99		145.54		144.42		221.91		2,074.64
Otros Gastos		239,844.83		18,683.11		17,302.36		17,269.43		10,598.45		13,489.81		16,671.91		17,041.28		5,668.03		16,144.56		12,147.49		13,706.83		14,171.24		172,894.51
Utilidad antes de Provisiones		121,124.89		9,624.64		9,647.27		9,292.56		8,170.23		9,212.86		5,809.88		7,540.06		6,823.52		7,394.52		6,451.68		6,911.59		9,779.95		96,658.76
Provisiones por Cuentas Malas		33,544.30		157.21		144.41		3,817.41		135.71		2,030.28		2,164.93		128.61		119.46		1,567.02		46.93		-1,290.28		677.17		9,698.87
Utilidad del Periodo		87,580.59		9,467.43		9,502.85		5,475.15		8,034.51		7,182.58		3,644.94		7,411.46		6,704.06		5,827.49		6,404.75		8,201.87		9,102.78		86,959.89

*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 19, 2018
	BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
	DECEMBER 2016 - DECEMBER 2017
	(In Thousand Balboas) *

	Absolute				2016		2017
	Variation		%		December		January		February		March		April		May		June		July		August		September		October		November		December
LIQUID ASSETS		-395,080.64		-37.16		1,063,258.62		961,971.68		892,438.25		1,268,171.56		1,124,186.59		723,518.76		815,042.57		884,879.11		919,409.56		795,325.56		565,268.06		748,493.79		668,177.98
Local Deposits in Banks		4,339.70		1,019.53		425.66		679.82		666.95		1,799.04		868.06		543.82		9,692.41		7,101.65		5,281.75		1,572.95		1,183.19		2,040.14		4,765.36
Demand		4,339.70		1,019.53		425.66		679.82		666.95		1,799.04		868.06		543.82		9,692.41		7,101.65		5,281.75		1,572.95		1,183.19		2,040.14		4,765.36
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		-399,415.38		-37.58		1,062,828.00		961,284.62		891,765.03		1,266,366.55		1,123,311.21		722,966.17		805,346.73		877,777.46		914,127.81		793,752.61		564,084.86		746,453.66		663,412.62
Demand		-274,415.38		-29.26		937,828.00		641,284.62		811,765.03		1,161,366.55		1,123,311.21		722,966.17		745,346.73		752,777.46		734,127.81		793,752.61		514,084.86		596,453.66		663,412.62
Time		-125,000.00		-100.00		125,000.00		320,000.00		80,000.00		105,000.00		0.00		0.00		60,000.00		125,000.00		180,000.00		0.00		50,000.00		150,000.00		0.00
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		-4.97		-100.00		4.97		7.23		6.26		5.97		7.32		8.76		3.43		0.00		0.00		0.00		0.00		0.00		0.00
CREDIT PORTFOLIO		-547,691.05		-9.17		5,974,620.51		5,734,332.27		5,648,818.70		5,688,594.59		5,139,731.86		5,422,597.04		5,457,648.02		5,349,000.20		5,033,912.65		5,233,398.31		5,459,086.33		5,414,537.80		5,426,929.46
Local		-80,321.89		-17.14		468,511.84		460,492.09		461,182.19		469,638.27		400,751.24		392,596.71		429,842.92		444,389.37		450,942.58		427,699.69		395,117.82		407,353.40		388,189.95
Foreign		-416,491.33		-7.50		5,552,219.61		5,319,951.12		5,233,747.44		5,269,675.30		4,789,699.59		5,139,253.55		5,140,471.70		5,017,277.42		4,695,636.67		4,914,198.57		5,172,468.45		5,104,230.57		5,135,728.28
Less Allowance		50,877.83		110.34		46,110.93		46,110.93		46,110.93		50,718.97		50,718.97		109,253.22		112,666.59		112,666.59		112,666.59		108,499.95		108,499.95		97,046.17		96,988.76
Local		-4,764.61		-54.77		8,700.00		8,700.00		8,700.00		8,700.00		8,700.00		10,565.18		7,089.50		7,089.50		7,089.50		7,566.13		7,566.13		6,168.39		3,935.39
Foreign		55,642.44		148.73		37,410.93		37,410.93		37,410.93		42,018.97		42,018.97		98,688.04		105,577.09		105,577.09		105,577.09		100,933.82		100,933.82		90,877.78		93,053.37
INVESTMENT SECURITIES		-22,182.55		-18.81		117,953.13		111,634.72		100,817.77		100,479.30		89,754.96		89,736.08		89,300.42		92,496.54		94,117.99		97,596.02		94,826.21		95,908.61		95,770.57
Local		6,765.97		57.97		11,670.64		11,653.67		11,634.61		11,617.27		8,599.40		8,582.17		8,564.41		11,376.23		12,993.64		16,835.54		17,272.03		18,454.02		18,436.62
Foreign		-29,354.51		-27.46		106,885.02		100,421.42		89,338.38		89,017.64		81,302.21		81,300.94		80,883.64		81,291.17		81,310.53		80,981.34		77,770.36		77,681.93		77,530.51
Less Allowance		-405.98		-67.38		602.53		440.37		155.22		155.61		146.65		147.03		147.64		170.85		186.17		220.85		216.18		227.35		196.55
Local		65.08		174.23		37.35		36.76		36.81		36.88		27.38		27.44		27.50		52.20		66.96		101.66		105.77		116.69		102.43
Foreign		-471.06		-83.35		565.18		403.61		118.41		118.73		119.28		119.59		120.14		118.65		119.21		119.20		110.41		110.66		94.12
OTHER ASSETS		-7,272.09		-8.06		90,185.95		75,645.19		81,406.05		73,587.16		76,974.79		92,443.60		68,919.80		86,782.94		92,265.34		81,421.22		88,303.42		105,144.56		82,913.86
Local		20,443.80		94.84		21,555.49		27,808.81		34,452.69		29,355.35		33,622.59		29,132.88		30,531.89		32,598.83		36,491.54		42,194.80		43,232.47		43,405.62		41,999.29
Foreign		-27,715.89		-40.38		68,630.46		47,836.38		46,953.37		44,231.81		43,352.20		63,310.72		38,387.91		54,184.11		55,773.80		39,226.42		45,070.95		61,738.95		40,914.57
TOTAL ASSETS		-972,226.34		-13.42		7,246,018.21		6,883,583.86		6,723,480.78		7,130,832.62		6,430,648.20		6,328,295.49		6,430,910.80		6,413,158.79		6,139,705.55		6,207,741.11		6,207,484.02		6,364,084.77		6,273,791.88
DEPOSITS		125,992.48		4.50		2,802,851.97		2,851,077.54		2,805,203.17		3,181,255.89		3,034,970.20		3,128,852.35		3,353,554.31		3,443,711.42		3,285,650.34		3,003,009.66		3,276,963.03		3,407,603.49		2,928,844.45
Local		114,088.90		27.02		422,241.00		483,573.74		450,915.24		489,582.14		522,180.14		499,915.31		490,489.60		520,736.64		525,804.49		558,697.42		509,677.24		512,575.38		536,329.90
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		39,852.07		24.84		160,464.32		160,941.58		146,743.12		170,853.11		190,377.09		190,055.73		205,151.33		205,379.37		205,380.56		225,312.41		206,266.35		206,109.34		200,316.39
Demand		-147.93		-31.86		464.32		941.58		1,743.12		853.11		377.09		55.73		113.03		285.52		286.71		140.75		1,030.76		873.74		316.39
Time		40,000.00		25.00		160,000.00		160,000.00		145,000.00		170,000.00		190,000.00		190,000.00		205,038.29		205,093.85		205,093.85		225,171.66		205,235.59		205,235.59		200,000.00
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		74,236.83		28.36		261,776.68		322,632.15		304,172.12		318,729.03		331,803.05		309,859.58		285,338.27		315,357.27		320,423.94		333,385.00		303,410.89		306,466.05		336,013.51
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		74,236.83		28.36		261,776.68		322,632.15		304,172.12		318,729.03		331,803.05		309,859.58		285,338.27		315,357.27		320,423.94		333,385.00		303,410.89		306,466.05		336,013.51
Foreign		11,903.57		0.50		2,380,610.98		2,367,503.81		2,354,287.93		2,691,673.75		2,512,790.06		2,628,937.04		2,863,064.71		2,922,974.79		2,759,845.84		2,444,312.24		2,767,285.79		2,895,028.11		2,392,514.55
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		177,999.76		2,453.39		7,255.25		103,480.43		141,269.52		207,244.12		237,120.23		255,244.82		208,418.86		204,954.79		235,659.48		202,009.73		153,734.73		109,072.63		185,255.00
Demand		-6,256.42		-92.18		6,786.92		3,012.10		8,708.65		6,515.46		14,339.30		17,964.09		7,923.27		1,126.14		5,367.05		3,490.18		1,321.32		3,977.48		530.51
Time		184,256.17		39,343.75		468.32		100,468.32		132,560.87		200,728.66		222,780.92		237,280.73		200,495.59		203,828.65		230,292.43		198,519.55		152,413.40		105,095.14		184,724.50
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		-166,096.18		-7.00		2,373,355.73		2,264,023.38		2,213,018.41		2,484,429.63		2,275,669.84		2,373,692.22		2,654,645.85		2,718,020.00		2,524,186.36		2,242,302.52		2,613,551.07		2,785,955.48		2,207,259.55
Demand		-38,545.83		-32.19		119,762.70		119,832.86		58,184.32		238,006.58		159,096.26		144,206.50		118,940.00		124,448.16		179,873.83		201,502.56		150,077.39		134,071.50		81,216.87
Time		-127,550.35		-5.66		2,253,593.03		2,144,190.52		2,154,834.10		2,246,423.04		2,116,573.58		2,229,485.71		2,535,705.84		2,593,571.84		2,344,312.54		2,040,799.95		2,463,473.68		2,651,883.98		2,126,042.68
BORROWINGS		-1,035,246.76		-31.89		3,246,813.39		2,849,537.62		2,733,536.45		2,764,796.93		2,193,817.20		2,079,763.36		1,972,763.14		1,851,811.19		1,736,899.65		2,094,924.84		1,805,116.21		1,822,241.60		2,211,566.62
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		-1,035,246.76		-31.89		3,246,813.39		2,849,537.62		2,733,536.45		2,764,796.93		2,193,817.20		2,079,763.36		1,972,763.14		1,851,811.19		1,736,899.65		2,094,924.84		1,805,116.21		1,822,241.60		2,211,566.62
OTHER LIABILITIES		-34,347.59		-29.77		115,364.24		107,795.10		100,564.91		96,259.89		119,175.69		93,154.78		72,046.75		91,743.87		84,723.43		70,136.83		93,410.66		93,034.11		81,016.65
Local		4,552.19		32.70		13,920.99		12,601.78		13,690.65		13,481.66		33,919.86		10,142.81		12,714.32		14,668.90		21,377.27		14,802.87		16,749.78		19,764.48		18,473.17
Foreign		-38,899.78		-38.35		101,443.26		95,193.33		86,874.27		82,778.23		85,255.83		83,011.97		59,332.43		77,074.97		63,346.16		55,333.96		76,660.88		73,269.63		62,543.48
STOCKHOLDERS´ EQUITY		-28,624.46		-2.65		1,080,988.61		1,075,173.58		1,084,176.24		1,088,519.90		1,082,685.09		1,026,524.99		1,032,546.61		1,025,892.31		1,032,432.13		1,039,669.79		1,031,994.12		1,041,205.56		1,052,364.15
Capital		5,205.79		1.57		331,328.76		331,512.87		331,707.53		332,022.36		333,871.10		333,807.02		334,006.97		334,193.19		334,376.25		334,610.18		334,793.24		335,450.48		336,534.54
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		-7,372.68		-5.98		123,302.02		110,187.46		109,207.69		110,654.10		110,005.02		110,039.49		111,150.19		111,545.01		111,045.38		113,231.88		117,586.57		117,888.40		115,929.35
Dynamic Provision		0.00		0.00		107,391.89		107,391.89		107,391.89		107,391.89		107,391.89		107,391.89		107,391.89		107,391.89		107,391.89		107,391.89		107,391.89		107,391.89		107,391.89
Other Reserves		-7,372.68		-46.34		15,910.14		2,795.57		1,815.80		3,262.22		2,613.13		2,647.61		3,758.31		4,153.12		3,653.50		5,840.00		10,194.69		10,496.51		8,537.46
Retained Earnings		-26,309.95		-5.93		444,046.12		529,249.54		529,249.54		526,534.63		511,432.26		447,998.57		449,341.21		434,187.01		434,187.01		433,355.21		414,757.67		414,757.67		417,736.17
Net Income		-620.70		-0.71		87,580.59		9,467.43		18,970.28		24,445.43		32,479.94		39,662.53		43,307.47		50,718.93		57,422.99		63,250.48		69,655.24		77,857.11		86,959.89
Gain or Loss in Securities available for sale		473.08		-98.76		-479.03		-453.87		-168.96		-346.77		-313.38		-192.76		-469.39		38.02		190.34		11.88		-8.76		41.74		-5.95
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		-972,226.34		-13.42		7,246,018.21		6,883,583.86		6,723,480.78		7,130,832.62		6,430,648.20		6,328,295.49		6,430,910.80		6,413,158.79		6,139,705.55		6,207,741.11		6,207,484.02		6,364,084.77		6,273,791.88

*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 19, 2018
	BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
	DECEMBER 2016 - DECEMBER 2017
	(In Thousand Balboas) *

	2016		2017
	December		January		February		March		April		May		June		July		August		September		October		November		December		Year to date
Interest Income		244,331.49		20,001.97		18,541.73		20,587.57		18,684.18		18,719.02		18,695.18		19,132.57		18,409.35		17,245.18		18,253.91		17,620.78		20,050.61		225,942.04
Loans		234,825.15		19,069.92		17,708.98		19,647.95		17,634.93		17,653.45		17,421.69		17,809.34		17,262.78		16,385.11		17,120.16		16,812.74		18,955.57		213,482.61
Deposits		4,471.86		639.26		634.77		727.05		855.62		874.97		1,091.04		1,128.19		945.97		657.29		922.57		607.07		883.92		9,967.73
Investments		5,034.48		292.80		197.98		212.57		193.63		190.60		182.45		195.04		200.60		202.78		211.18		200.96		211.12		2,491.70
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		91,136.58		8,528.98		7,616.80		8,566.77		7,865.79		8,021.54		10,877.56		9,384.59		9,179.59		8,601.82		9,633.01		8,610.00		9,436.51		106,322.94
Interest		90,688.83		8,526.99		7,615.18		8,556.80		7,865.70		8,020.32		10,867.82		9,384.53		9,175.25		8,592.60		9,631.45		8,593.19		9,434.52		106,264.34
Commissions		447.75		1.99		1.62		9.96		0.09		1.22		9.74		0.06		4.34		9.22		1.56		16.81		1.99		58.60
Net Interest Income		153,194.92		11,473.00		10,924.93		12,020.81		10,818.39		10,697.47		7,817.62		9,747.98		9,229.76		8,643.36		8,620.90		9,010.78		10,614.10		119,619.09
Other Income		245,196.77		19,536.35		18,965.69		18,059.88		11,399.86		15,683.57		17,748.46		17,380.40		6,152.84		17,657.31		13,105.37		14,290.59		17,122.59		187,102.90
Commissions		14,148.82		1,043.93		982.70		1,091.28		928.91		2,701.86		1,305.75		835.25		767.70		2,149.12		957.24		991.93		3,789.16		17,544.82
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		231,047.96		18,492.41		17,983.00		16,968.60		10,470.95		12,981.72		16,442.71		16,545.15		5,385.15		15,508.19		12,148.12		13,298.66		13,333.43		169,558.08
Operating Income		398,391.69		31,009.34		29,890.62		30,080.69		22,218.24		26,381.05		25,566.08		27,128.38		15,382.60		26,300.67		21,726.27		23,301.37		27,736.68		306,722.00
Operating Expenses		277,266.80		21,384.70		20,243.36		20,788.13		14,048.02		17,168.19		19,756.20		19,588.31		8,559.08		18,906.16		15,274.59		16,389.78		17,956.73		210,063.23
Administrative expenses		27,372.29		1,923.08		2,062.54		2,804.91		2,723.45		2,851.75		2,429.67		1,911.46		2,223.64		2,211.77		2,280.36		2,022.73		2,537.77		27,983.12
General expenses		8,032.14		573.49		692.91		528.17		540.31		641.54		470.98		492.40		525.54		402.84		701.20		515.79		1,025.81		7,110.96
Depreciation		2,017.54		205.03		185.55		185.62		185.80		185.09		183.64		143.17		141.88		146.99		145.54		144.42		221.91		2,074.64
Other expenses		239,844.83		18,683.11		17,302.36		17,269.43		10,598.45		13,489.81		16,671.91		17,041.28		5,668.03		16,144.56		12,147.49		13,706.83		14,171.24		172,894.51
Net Income before provision for loan losses		121,124.89		9,624.64		9,647.27		9,292.56		8,170.23		9,212.86		5,809.88		7,540.06		6,823.52		7,394.52		6,451.68		6,911.59		9,779.95		96,658.76
Provision for loan losses		33,544.30		157.21		144.41		3,817.41		135.71		2,030.28		2,164.93		128.61		119.46		1,567.02		46.93		-1,290.28		677.17		9,698.87
Net Income		87,580.59		9,467.43		9,502.85		5,475.15		8,034.51		7,182.58		3,644.94		7,411.46		6,704.06		5,827.49		6,404.75		8,201.87		9,102.78		86,959.89

*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).