2. This presentation contains forward-looking statements of expected future developments within the meaning of the Private Securities
Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by
words such as: “anticipate”, “intend”, “plan”, “goal”, “seek”, “believe”, “project”, “estimate”, “expect”, “strategy”, “future”, “likely”, “may”,
“should”, “will” and similar references to future periods. The forward-looking statements in this presentation include the Bank’s financial
position, asset quality and profitability, among others. These forward-looking statements reflect the expectations of the Bank’s management
and are based on currently available data; however, actual performance and results are subject to future events and uncertainties, which
could materially impact the Bank’s expectations. Among the factors that can cause actual performance and results to differ materially are as
follows: the coronavirus (COVID-19) pandemic and government actions intended to limit its spread; the anticipated changes in the Bank’s
credit portfolio; the continuation of the Bank’s preferred creditor status; the impact of increasing/decreasing interest rates and of the
macroeconomic environment in the Region on the Bank’s financial condition; the execution of the Bank’s strategies and initiatives, including
its revenue diversification strategy; the adequacy of the Bank’s allowance for expected credit losses; the need for additional allowance for
expected credit losses; the Bank’s ability to achieve future growth, to reduce its liquidity levels and increase its leverage; the Bank’s ability to
maintain its investment-grade credit ratings; the availability and mix of future sources of funding for the Bank’s lending operations; potential
trading losses; the possibility of fraud; and the adequacy of the Bank’s sources of liquidity to replace deposit withdrawals. Factors or events
that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Readers are
cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no
obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise,
except as may be required by law.
2
3. Well-positioned at the onset of the crisis:
The Bank’s business model becomes an especially relevant comparative advantage within the current context,
allowing a UNIQUE possibility to adapt to the rapidly changing market conditions in a very agile manner.
✓ Top-Tier Clients (FIs & Corp industry leaders). No retail exposure.
✓ 70% maturing in less than a year.
✓ Regional footprint allowing fast portfolio reallocation
throughout resilient countries and industries
31-Mar-20
Loans Contingencies
In US$ millions
3
4. ✓ $2BN scheduled credit maturities
✓ 99% credit collection
✓ $222 million in prepayments
Maturities
Loans Contingencies
In US$ millions
99% collection of scheduled credit maturities, on the account of high quality of borrowers and short-
term nature of the portfolio.
4
5. Disbursements
Selective disbursements for $1BN under tighter credit underwriting standards, in defensive sectors and clients
with focus in lower risk countries.
Loans Contingencies
In US$ millions
✓ Re-assessed portfolio profile & contacted
our client base
✓ New disbursements concentrated in 2H of
the quarter
✓ At shorter tenors and at wider risk-
adjusted credit spreads
5
6. 30-Jun-20
By design, Commercial Portfolio decreases 16%, maintaining a sound asset quality and portfolio
diversification, further strengthening the Bank’s liquidity position.
Loans Contingencies
In US$ millions
✓ 58% in investment grade countries; 52% in FI’s
✓ 71% maturing in less than a year
✓ Robust credit quality, with $0 NPL’s
6
7. 78%
20%
2%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
31-Mar-2020
Other *
6,823
Loans
Cash and due from
banks
68%
30%
2%
30-Jun-2020
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
6,627
Asset size remained basically unaltered. The reduction on the loan portfolio balances, coupled with the
increased liquidity, have impacted the results for the second quarter.
✓ By design, loan balances down 16% to
$4.5BN
✓ Collection of 99% of scheduled credit
maturities plus prepayments
✓ Reassessment of the risk profile of the
entire portfolio
✓ Selective disbursements at wider credit
spreads
✓ Strong liquidity position at $2BN, as a
result of its continued and ample access
to diversified funding sources
✓ Rapid collection of loan maturities as an
effective liquidity buffer
Total Assets
(in US$ million)
* Includes Securities and other financial assets, net; Interest receivable loans; Allowance for loan losses; Unearned interest and deferred fees loans; Customers' liabilities under
acceptances; Derivative financial instruments – assets; Equipment and leasehold improvements, net; Intangibles, net; Investment properties and Other assets
7
8. 8
The portfolio´s reallocation resulted in an increase in investment grade countries to 58%, maintaining a
significant stake in top-tier financial institutions at 52%. The remaining exposure continues to be well
diversified among several sectors and countries.
52%
8%
5%
5%
4%
4%
4%
3%
3%
2%
2%
2%
6%
Financial Institutions
Electric Power
Food and Beverage
Metal Manufacturing
Oil and Gas (Downstream)
Oil and Gas (Integrated)
Other Services
Other Manufacturing Industries
Oil and Gas (Upstream)
Retail Trade
Mining
Grains and Oilseeds
OtherIndustries≤ 1.5%
Commercial Portfolioby Industry
Mar 20
Jun 20
16%
10%
9%
8%
7%
4%
4%
16%
6%
4%
4%
4%
3%
2%
2%
1%
Colombia
Chile
Mexico
Panama
Non Latam
Trinidad & Tobago
Peru
Brazil
Guatemala
Costa Rica
Ecuador
Argentina
Dominican Republic
Honduras
Paraguay
OtherLatam≤ 1%
Commercial Portfolioby Country
Mar 20 - IG 55%
Jun 20 - IG 58%
Non-Investment Grade
Investment Grade
8
9. 43%
30%
25%
2%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
31-Mar-2020
Other *
5,804
Long-term
borrowings and
debt, net
Repos and Short-
term borrowings
and debt
Deposits
52%
23%
24%
1%
30-Jun-2020
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
5,605
✓ Repayment of our 144-A bond for US$350MM
✓ Successful new bond in the Mexican capital
market, in local currency, for a USD equivalent
of US$230MM
✓ +17% QoQ
✓ 53% from central bank shareholders, up from
48% in Q1
✓ Ample availability and access to short-term
bilateral funding sources from long-standing
correspondent banks across the globe
Total Liabilities
(US$ million)
Increasing the tenor of the borrowings from
10 months to 16 months
The Bank maintained a fluid access to diversified and stable funding sources, increasing the tenor of its
overall funding structure and benefiting from a decreasing interest rate environment.
* Includes Interest payable deposits; Interest payable borrowings and debt; Customers' liabilities under acceptances; Derivative financial instruments – liabilities; Allowance for loan
commitments and financial guarantee contract losses and Other liabilities
9
10. (In US $ million) 6M20 6M19 2Q20 1Q20 2Q19
S tatem ent of P rofit or Los s
Net Interes t Incom e ("NII") $47.5 $56.0 $21.7 $25.8 $27.9
Fees and com m is s ions , and
other incom e, net
$5.4 $8.9 $2.1 $3.3 $5.6
(Los s ) gain on financial
ins trum ents , net
($4.3) $0.8 ($3.9) ($0.4) $0.1
R evers al (provis ion) for credit
los s es
$2.7 ($1.8) $2.6 $0.1 ($0.8)
Im pairm ent on non-financial
as s ets
($0.1) $0.0 ($0.1) $0.0 $0.0
Operating expens es ($18.8) ($20.4) ($8.3) ($10.5) ($10.6)
P rofit for the period $32.4 $43.5 $14.1 $18.3 $22.3
Net income for Q2 of $14.1MM on lower interest and fee revenues, impacted by the Bank’s decision to
increase its liquidity position and lower loan balances in view of the current market environment.
9.0%
7.2%
5.5%
8.8%
6.4%
1.4% 1.1% 0.8%
1.4%
1.0%
2Q19 1Q20 2Q20 6M19 6M20
ROAEand ROAA Evolution
Return on Average Equity (ROAE) Return on Average Assets (ROAA)
4,902 4,681
4,114
20.4%
21.8%
24.8%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
30-Jun-2019 31-Mar-2020 30-Jun-2020
Tier 1 Ratio(Basel III)
Risk-Weighted Assets Basel III (US$ million) Tier1 Capital Ratio (Basel III)
-$5.3MM
QoQ
✓ On reduced Commercial
Portfolio, impacting NII and
fees
-$1.3MM
+$2.3MM
QoQ
✓ Net impact of credit provision
reversal and unrealized loss of
a debt instrument measured
at FVPL
✓ On lower personnel expenses
10
11. NII and NIM negatively impacted by the change in asset composition, partly compensated by the Bank’s
favorable interest rate gap position in a decreasing market rate environment and widening of lending spreads.
NII QoQ: -$4.1MM (from $25.8 MM in 1Q20 to $21.7MM in 2Q20)
-$4.1MM
Rate Effect
Volume Effect
Volume
Variation
NII Impact
-$6.6MM
-$8.4MM
-1.8MM
+$3.5MM
-$851MM
+289MM
+1,148MM
*Gross of unearned interest and deferred fees. Includes NPLs effect
*
1,946
5,728
4,809
798
5,439
5,660
- 1,000 2,000 3,000 4,000 5,000 6,000 7,000
Cash and Due
from Banks
Financial
Liabilities
Loans
1Q20
2Q20
1Q20
2Q20
1Q20
2Q20
Average Balances
-0.38%
-0.84%
-1.03%
Interest Rate
Variations
NII Impact
-$4.6MM
+12.2MM
-$5.1MM
+$2.5MM
Loans
Financial
Liabilities
Cash and Due
from Banks
Interest Rate Evolution
4.81%
4.54%
4.19%
3.94%
3.56%
3.28%
3.09%
2.69%
2.41%
1.57%
2.44%
2.23%
1.79%
1.22%
0.19%
0.00 %
1.00%
2.00 %
3.00%
4.00 %
5.00 %
6.00 %
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
2Q19 3Q19 4Q19 1Q20 2Q20
1.53%
1.45%
1.50%
1.53%
1.99%
11
12. 12
12
(*) The sale of the Bank’s remaining credit-impaired sugar loan resulted in a $2.7 million Stage 3 (IFRS 9) credit provision reversal, and
a $52.1 million loan write-off against previously constituted Stage 3 (IFRS 9) individually assessed credit allowance.
Credit provision reversals totaling $2.6 million, mostly related to the sale of its single remaining credit-
impaired loan (or NPL). Quarter-end total allowance for credit losses represented nearly 1% of the total
Credit Portfolio.
Total Credit Portfolio ($MM) =
Stage 3 (Credit Impaired)
Stage 2 (Increased Risk)
Stage 1 (Low Risk)
Allowance for losses /
Credit Portfolio (%) =
QoQ
$383MM, 6% $518MM, 10%
$62MM, 1%
1.73% 0.95%
$5,911MM $5,011MM
+$136MM
-$62MM (*)
$5,466MM,
93%
$4,493MM,
90%
-$974MM
13. 6M20 6M19 YoY (%) 2Q20 1Q20 2Q19 QoQ (%) YoY (%)
Operating expens es
S alaries and other employee expens es 11.2 12.1 -8% 4.2 7.0 5.8 -40% -28%
D epreciation of equipment and leas ehold
improvements
1.6 1.4 14% 0.9 0.7 0.7 16% 21%
Amortization of intangible as s ets 0.4 0.4 6% 0.2 0.2 0.2 -3% -3%
Other expens es 5.7 6.5 -13% 3.1 2.6 3.8 17% -20%
T otal Operating Expens es $18.8 $20.4 -8% $8.3 $10.5 $10.6 -22% -22%
T otal Revenues $48.7 $65.7 -26% $19.9 $28.8 $33.6 -31% -41%
Effic ienc y Ratio 38.7% 31.1% 24% 41.5% 36.7% 31.4%
Operating expenses decreased by 22% QoQ to $8.3MM mainly due to decreased salary and other employee
expenses, on the account of reduced performance-based variable compensation provision.
13
(In US $ million) 6M20 6M19 2Q20 1Q20 2Q19
S tatem ent of P rofit or Los s
Net Interes t Incom e ("NII") $47.5 $56.0 $21.7 $25.8 $27.9
Fees and com m is s ions , and
other incom e, net
$5.4 $8.9 $2.1 $3.3 $5.6
(Los s ) gain on financial
ins trum ents , net
($4.3) $0.8 ($3.9) ($0.4) $0.1
R evers al (provis ion) for credit
los s es
$2.7 ($1.8) $2.6 $0.1 ($0.8)
Im pairm ent on non-financial
as s ets
($0.1) $0.0 ($0.1) $0.0 $0.0
Operating expens es ($18.8) ($20.4) ($8.3) ($10.5) ($10.6)
P rofit for the period $32.4 $43.5 $14.1 $18.3 $22.3
14. 14
14
“We believe that our 40-year experience in the Region, including several negative credit cycles,
and our good understanding of the impacts and macroeconomic dynamics in every country,
play to our advantage. We are committed to continue to support our clients, for whom we have
been long-standing allies.”
-Jorge Salas, CEO
“We believe that our 40-year experience in the Region, including several negative credit
cycles, and our good understanding of the impacts and macroeconomic dynamics in every
country, play to our advantage. We are committed to continue to support our clients, for
whom we have been long-standing allies.”
-Jorge Salas, CEO
