Corporate Presentation

1. Banco Latinoamericano de Comercio Exterior, S.A.
(BLADEX)
Corporate Presentation
As of March 31, 2019

2. 2
Index
Overview03
Our Commercial Portfolio08
Treasury & Capital Markets13
Our Financial Performance16

3. 3
Value Proposition with Strong Business
Fundamentals
Business Value Proposition Strong Underlying Business Fundamentals
Global provider of natural
resources with positive
demographics
Sustained growth
and sound
economic
policies
Deep knowledge of
Latin America
Core competency in
trade finance
Support of Investment &
Regional Integration
Efficient Measurement
and Management
In-depth knowledge of Latin America’s local markets
Backed by 23 Latin American governments
Vast correspondent banking network throughout LatAm &
other regions of the world.
Regional integrator, within Latin America and the world’s
largest markets.
Deep knowledge of Trade Finance with more than 40 years
of remarkable success.
Uniquely qualified staff with strong product expertise in
Trade Value Chain, Cross-border Finance, Supply-side &
Distribution, both intra-regional and inter-regional
Deep knowledge of Trade Finance with 40 years of
remarkable success
Single point of contact, providing client-specific solutions,
and focused on long-term relationships.
Driver of progress, economic
growth and development
Supporting
specialization in
both primary and
manufacturing
sectors
Enhancing LatAm’s
role in global and
regional value chains
Growth of ‘Multi-latinas’ as
drivers of business expansion
Supporting business
integration boosted by
free trade agreements
World-Class Standards in Corporate Governance, focused
on Enterprise-Wide Risk Management
Client focused efficient organizational structure.
Bladex is the Latin American Trade Finance Bank providing integrated
financial solutions across Latin America’s foreign trade value chain
and supporting the Region’s economic integration.
First Latin American bank to be listed on the NYSE, ticker symbol
“BLX”, and to be rated Investment Grade (both in 1992).
Class “A” shareholders (Central Banks or designees from 23 Latin
America (“LatAm”) countries) provide substantial support and
represent a direct link between the Bank and the governments of
Latin America.
Multinational DNA embedded in its regional presence, ownership
structure, management and organizational culture.
The Latin American Trade Finance Bank
P-2
Short-Term
Baa2
Long-Term
Negative
Outlook
F2
Short-Term
BBB+
Long-Term
Stable
Outlook
A-2
Short-Term
BBB
Long-Term
Negative
Outlook
Credit Rating

4. 4
Ownership and Board Composition
The majority of Directors are independent
Class A – Central Banks or designees from 23 LatAm countries
Class B – LatAm & international banks and financial institutions
Class E – Public Float (NYSE listed)
Bladex considers its unique shareholding structure
as one of its main competitive advantages:
Class “A” shareholders provide substantial
support to Bladex, representing a direct link
between the Bank and the governments of
Latin America.
Many of the governments represented by Class
“A” shareholders have granted Bladex
preferred creditor status.
Class “A” shareholders are the main source of
Bladex’s deposits, which have proven to be a
reliable funding source, even during periods of
market volatility.
Unique Shareholder Structure

5. 5
Objective and Business Segmentation
Business Products & Services Offer Multi-Pronged Business Segmentation
Bladex’s products and services are categorized into three main areas: i) Financial Intermediation,
ii) Structuring and Syndications and iii) Treasury
Financial Intermediation
Syndication and Structuring
Treasury
Trade: Foreign trade products – short and medium term instruments that help drive the
cross-border activity of corporations.
Working Capital: Structured Credit and lending facilities for short and medium term
financing of supply chain, materials & equipment, and inventories, across a wide range of
activity sectors.
Financial solutions designed to meet clients' needs.
Provides access to structured funding for a wide base of financial institutions and
corporations in Latin America.
Debt capital market and deposit products for investment and cash flow optimization
Treasury services
Focus on Strategic Sectors for the Region
Agribusiness, Oil & Gas (mainly integrated), Metals &
Mining, Food processing and other Manufacturing
Regional Focus
Mexico
Central America and The
Caribbean
Brazil
South America
• Southern Cone (1)
• Andean Region (2)
REGIONS
INDUSTRY
SECTORS
(1) Includes Argentina, Chile, Paraguay and Uruguay.
(2) Includes Bolivia, Colombia, Ecuador and Peru
Financial Institutions
Among top 10 in their
respective markets
Significant corporate
banking activity / client
base
Corporations
US Dollar generation
capacity
Growth oriented beyond
domestic market
Focus on the high and
medium corporate
segments of each industry
CLIENT
BASE
PRE-EXPORT
NON-TRADE NON-TRADETRADE
POST-EXPORTSHIPMENT
PRE-PRODUCTION PRODUCTION IMPORTATION DISTRIBUTION
Vision:
To be recognized as a leading institution in supporting trade and
regional integration across Latin America
Mission:
To provide financial solutions of excellence to financial institutions,
companies and investors doing business in Latin America

6. 6
Competitive Advantages
1 Commitment with
Latin America
2 Knowledge of the
Region
3 Access to Level 1
Customers
4 Stable Funding
Bladex hopes to build a more complete Trade Finance lending proposal by enhancing a set of competitive
advantages such as:
Bladex hopes to build a more complete Trade Finance lending proposal by enhancing a set of competitive
advantages such as:
Competitive Advantages Description
▪ Highly diversified funding sources with access to capital markets and correspondent relationships across the
world, at varying tenors and competitive pricing.
▪ 64% of funds are deposits from its central banks shareholders.
▪ Extensive client base with broad knowledge of their financial needs.
▪ Significant penetration among the top 100 Multilatinas companies.
▪ Access to key players in decision making.
▪ Established presence with 40 years of experience with a broad footprint in Latin America.
▪ Great understanding of the risks and opportunities in the Region.
▪ Legal and regulatory expertise.
▪ Bladex is contractually committed to the broad support of trade in Latin America and the rise of economic
prosperity in the Region
▪ Latin America represents Bladex’s core business, while for other global banks, it represents a minority of their
business.

7. 7
Overview03
Our Commercial Portfolio08
Treasury & Capital Markets13
Our Financial Performance16
Index

8. 8
Accumulated Credit Disbursements
40 years creating growth and prosperity in Latin
America, with accumulated credit disbursements of
approximately US$277 billion since inception.
Disbursement volumes surpass or rival those of much
larger institutions, both private sector and multilateral.
0 1 2 3 4 5 6 7 9 11 14 17 22 29 37 46
56
67
79
89 97105114120124129135144152158162169
180
191
205
219
231
243
258
274277
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
1Q19
(In US$ billion)

9. 9
Commercial Portfolio Evolution and
Composition
3,648
4,200
3,954
2,084 2,090 2,052
31-Mar-18 31-Dec-18 31-Mar-19
CommercialPortfolio by Client Type
(EoP balances, in US$ million)
FIs & Sovereigns Corporations

10. 10
Portfolio strategy aims toward diversification across countries, industries and clients.
Commercial Portfolio Evolution and
Composition

11. 11
Commercial Portfolio – Country Specific
As of March 31, 2019
Mexico
Argentina
Central America and the Caribbean
Andean Region
Southern Cone (excl. Argentina)
Brazil

12. 12
Overview03
Our Commercial Portfolio08
Treasury & Capital Markets13
Our Financial Performance16
Index

13. 13
Treasury & Capital Markets
Funding Sources
Deposits by Type of Client
As of March 31, 2019
Funding Structure
As of March 31, 2019
Deposits from central banks shareholders or
designees provide a resilient funding base.
52%
22%
14%
12% 1%
Deposits
Short-term borrowings and debt
Med- and long-term Borrowings
Med- and long-term Issuances
Securities sold under repurchase agreement
Funding Sources by Geographic Market
As of March 31, 2019
28%
18%
16%
14%
12%
6%
4%
2%
South America USA / Canada
Central America Asia
Europe Multilateral
Mexico The Caribbean
Proven capacity to secure funding and maintain
liquidity during crises. Diversification of regional and
global funding sources.

14. 741
1,267
1,008
619
1,706
771
30%
45%
36%
21%
57%
28%
0%
10%
20%
30%
40%
50%
60%
70%
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2014 2015 2016 2017 2018 1Q19
Liquid Assets Liquid Assets / Total Deposits
14
Liquidity – International Standards
Advanced liquidity management operating under Basel
III framework utilizing LCR (Liquidity Coverage Ratio)
and NSFR (Net Stable Funding Ratio) methodologies to
monitor short and longer range liquidity.
As of March 31, 2019:
Liquidity = US$ 0.8 Billion
LCR (1) = 1.12x
NSFR (1) = 1.48x
Liquid assets are invested with the Federal Reserve
and top-tier banks
Liquidity Management Highlights Liquidity Placements
Internal Liquidity Coverage Ratio (1)Liquid Assets
-
0.50
1.00
1.50
2.00
2.50
3.00
Dec-15
Jan-16
Feb-16
Mar-16
Apr-16
May-16
Jun-16
Jul-16
Aug-16
Sep-16
Oct-16
Nov-16
Dec-16
Jan-17
Feb-17
Mar-17
Apr-17
May-17
Jun-17
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
(in US$ million)
(1) Basel III methodology adjusted with internal parameters.
99%
1%
United States
LatAm Banks
As of March 31, 2019, $765 million or 99% of liquid assets were
deposited at the Federal Reserve Bank of New York.

15. 15
Overview03
Our Commercial Portfolio08
Treasury & Capital Markets13
Our Financial Performance16
Index

16. 16
Financial Performance Highlights
Quarterly profit of $21.2 million continues the positive trend
from 4Q18 and highest level of the last 8 quarters.
Stable quarterly NII, mostly on higher margins (NIM).
Efficiency improved to the earmarked 30.8%.
Stable level of credit impaired loans and allowances for losses.
Robust capitalization (20.1% Basel III Tier 1).
Quarterly profit of $21.2 million continues the positive trend
from 4Q18 and highest level of the last 8 quarters.
Stable quarterly NII, mostly on higher margins (NIM).
Efficiency improved to the earmarked 30.8%.
Stable level of credit impaired loans and allowances for losses.
Robust capitalization (20.1% Basel III Tier 1).
1Q19

17. 17
30.7
(1.9)
0.0
(14.3)
14.5
34.1
1.3
(2.3)
(12.4)
20.7
32.1
(0.9)
0.0
(9.9)
21.2
Total revenues (Impairment loss)
recovery on financial
instruments
Impairment loss on non-
financial assets
Operating expenses Profit for the period
(US$Million)
1Q18 4Q18 1Q19
Quarterly Profit Evolution

18. 18
Net Interest Income & Financial Margins
* Represents the spread over the Libor-based rate corresponding to the tenor of the transaction of the Performing Loan Portfolio.

19. 19
Fees & Commission Income

20. 20
Credit Quality – Credit Impaired Loans and
Allowance for Losses
Commercial Portfolio 5,731 6,054 6,305 6,290 6,006
Total Allowance for Losses 90.1 87.4 142.5 104.1 105.0
Total Allowance for Losses to Commercial Portfolio 1.57% 1.44% 2.26% 1.65% 1.75%
Stage 1 Exposure 5,185 5,669 5,948 5,836 5,482
Allowance for Losses 24 37 40 38 30
Allowance for Losses / Stage 1 Exposure 0.46% 0.65% 0.67% 0.65% 0.54%
Stage 2 Exposure 488 331 237 389 459
Allowance for Losses 36 24 13 17 21
Allowance for Losses / Stage 2 Exposure 7.34% 7.34% 5.67% 4.26% 4.68%
Stage 3 Exposure 59 54 119 65 65
Allowance for Losses 30 26 89 49 54
Allowance for Losses / Stage 3 Exposure 51.46% 48.32% 74.98% 76.41% 83.06%
Mar-19Jun-18
STAGE 1
STAGE 2
STAGE 3
TOTAL
(US$ million, except percentages) Dec-18Sep-18Mar-18

21. 21
Operating Expenses & Efficiency
(US $ million, except percentages) 1Q191Q191Q191Q19 4Q184Q184Q184Q18 1Q181Q181Q181Q18 QoQ (%)QoQ (%)QoQ (%)QoQ (%) YoY (%)YoY (%)YoY (%)YoY (%)
Operating ex pens esOperating ex pens esOperating ex pens esOperating ex pens es
S alaries and other em ployee expens es 6.3 6.6 10.1 -4% -37%
D epreciation of equipm ent and leas ehold
im provem ents
0.7 0.3 0.3 113% 114%
Amortization of intangible as s ets 0.2 0.2 0.3 -1% -51%
Other expens es 2.7 5.3 3.6 -49% -24%
T otal Operating Ex pens esT otal Operating Ex pens esT otal Operating Ex pens esT otal Operating Ex pens es $9.9$9.9$9.9$9.9 $12.4$12.4$12.4$12.4 $14.3$14.3$14.3$14.3 -20%-20%-20%-20% -31%-31%-31%-31%
Effic ienc y RatioEffic ienc y RatioEffic ienc y RatioEffic ienc y Ratio 30.8%30.8%30.8%30.8% 36.3%36.3%36.3%36.3% 46.6%46.6%46.6%46.6% -15%-15%-15%-15% -34%-34%-34%-34%

22. 168 174 168 138 128 32
(54) (52) (46) (47) (49) (10)
32% 30%
27%
34%
38%
31%
-20%
-10%
0%
10%
20%
30%
40%
50%
60%
-60
-10
40
90
140
190
2014 2015 2016 2017 2018 1Q19
Total revenues Operating expenses Efficiency Ratio
141.3 145.5 155.2
119.8 109.7
28.0
1.88% 1.84%
2.08%
1.85%
1.71% 1.74%
-0.50%
2.50%
$0$5$10$15$20$25$30$35$40$45$50$55$60$65$70$75$80$85$90$95$100$105$110$115$120$125$130$135$140$145$150$155$160$165$170$175$180
2014 2015 2016 2017 2018 1Q19
Net Interest Income Net Interest Margin ("NIM")
11.5 12.3
8.5
10.9 12.3
2.4
6.0
6.9
5.8
6.6 4.9
17.5
19.2
14.3
17.5 17.2
2.4
2014 2015 2016 2017 2018 1Q19
Loan structuring and distribution fees
Letters of credit and other contingent credits fees
99.7 99.0 91.5 82.0
11.1 21.2
2014 2015 2016 2017 2018 1Q19
22
Key Indicators – P&L
Fees & Commissions, net Efficiency
Profit for the Period Net Interest Income & Margins
(in US$ million)
(in US$ million)
(in US$ million, except percentages)
(in US$ million, except percentages)

23. 23
Key Indicators – Balance Sheet
Total Deposits Total Stockholder’s Equity
Total Assets Loan Portfolio
(in US$ million) (in US$ million)
(in US$ million) (in US$ million)
8,022 8,286
7,181
6,268
7,609
6,450
2014 2015 2016 2017 2018 1Q19
6,686 6,692
6,021
5,506 5,778 5,479
2014 2015 2016 2017 2018 1Q19
2,507
2,795 2,803 2,929 2,971
2,748
2014 2015 2016 2017 2018 1Q19
911
972 1,011 1,043
994 997
2014 2015 2016 2017 2018 1Q19

24. $1.435 $1.540 $1.540 $1.540 $1.540
$0.385
4.9%
5.3%
5.9% 5.5%
6.4%
8.1%
-1.0%
1.0%
3.0%
5.0%
7.0%
9.0%
$0
2014 2015 2016 2017 2018 1Q19
Declared dividends per share
Annualized return / Average price per share
15.5%
16.1%
17.9%
21.1%
18.1%
20.1%
15.1%
16.3%
16.6%
18.7%
17.1%
18.6%
8.8 8.5
7.1
6.0
7.7
6.5
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
20.0
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
2014 2015 2016 2017 2018 1Q19
Tier 1 Capital Ratio (Basel III) (1) Capital Adequacy Index (2)
Regulatory Capital Limit Leverage (3)
8%
(1)Based on BaselIII Internalratings-based(IRB)approach
(2)As defined by theSuperintendenceof Banks of Panama (SBP), basedon BaselIII Standardized Approach
(3)Assets toEquity
24
Key Indicators – Profitability
Return on Average Equity “ROAE”
Capital Ratios
Return on Average Assets “ROAA”
Dividend per Share

25. 25
Key Indicators – Trend
(In US$ million, except percentages and per share
amounts)
2014 2015 2016 2017 2018 1Q19
Selected Profit or Loss Data:
Net Interest Income 141.3 145.5 155.2 119.8 109.7 28.0
Fees and commissions, net 17.5 19.2 14.3 17.5 17.2 2.4
Gain (loss) on financial instruments, net 7.0 7.6 (2.9) (0.7) (1.0) 0.8
Other income, net 1.8 1.6 1.4 1.7 1.7 0.9
Total revenues 167.6 173.9 168.0 138.3 127.6 32.1
Impairment loss on financial instruments (11.6) (18.1) (35.1) (9.4) (57.5) (0.9)
Impairment loss on non-financial assets - - - - (10.0) -
Operating expenses (53.6) (51.8) (45.8) (46.9) (48.9) (9.9)
Profit for the period 102.4 104.0 87.0 82.0 11.1 21.2
Selected Financial Position Data
Loan Portfolio 6,686 6,692 6,021 5,506 5,778 5,479
Assets 8,022 8,286 7,181 6,268 7,609 6,450
Deposits 2,507 2,795 2,803 2,929 2,971 2,748
Repos, borrowings and debt, net 4,393 4,426 3,247 2,212 3,558 2,541
Stockholders' Equity 911 972 1,011 1,043 994 997
Selected Financial Ratios
Return on Average Assets (ROAA) 1.4% 1.3% 1.2% 1.3% 0.2% 1.3%
Return on Average Equity (ROAE) 11.5% 11.0% 8.8% 8.0% 1.1% 8.6%
Net Interest Margin (NIM) 1.88% 1.84% 2.08% 1.85% 1.71% 1.74%
Efficiency Ratio 32% 30% 27% 34% 38% 31%
Credit-impaired loans to Loan Portfolio 0.06% 0.78% 1.09% 1.07% 1.12% 1.18%
Credit-impaired coverage (x times) 21.7 1.8 1.7 1.5 1.6 1.6
Shares and Market Capitalization
Number of shares outstanding (thousand) 38,777 38,969 39,160 39,429 39,539 39,544
Share price (as of period end) 30.10 25.93 29.44 26.90 17.30 19.92
Market capitalization 1,167 1,010 1,153 1,061 684 788
Earnings (Losses) per share (EPS) 2.65 2.67 2.23 2.09 0.28 0.54
Book value per share (BVPS) 23.49 24.94 25.83 26.45 25.13 25.21
Price to EPS (times) 11.4 9.7 13.2 12.9 61.4 44.1
Price to BVPS (times) 1.3 1.0 1.1 1.0 0.7 0.8
Financial Information was prepared in accordance with International Financial Reporting Standards (IFRS) as issued by IASB.