About Banco Latinoamericano de Comercio Exterior, S. A.

Banco Latinoamericano de Comercio Exterior, S.A., a multinational bank, provides foreign trade solutions to a select client base of premier Latin-American financial institutions and corporations, and has a network of correspondent banking institutions with access to the international capital markets. The company’s lending and investing activities are funded by interbank deposits, primarily from central banks and financial institutions in the Latin America and the Caribbean (Region), by borrowings from international commercial banks, and by sales of its debt securities to financial institutions and investors in Asia, Europe, North America and the Region. The company participates in the financial and capital markets throughout the Region, through two segments, Commercial Business and Treasury Business. Commercial Business: This segment includes the company’s core business of financial intermediation and fee generation activities developed to cater to corporations, financial institutions and investors in Latin America. The array of products and services include the origination of bilateral short- and medium-term loans, structured and syndicated credits, loan commitments and financial guarantee contracts, such as issued and confirmed letters of credit, stand-by letters of credit, guarantees covering commercial risk, and other assets consisting of customers’ liabilities under acceptances. The majority of the company’s short-term loans are extended in connection with specifically identified foreign trade transactions. Through its revenue diversification strategy, this segment has introduced a range of products, services and solutions associated with foreign trade, including co-financing arrangements, underwriting of syndicated credit facilities, structured trade financing (in the form of factoring and vendor financing) and financial leasing. Treasury Business: This segment focuses on managing the company’s investment portfolio, and the overall structure of its assets and liabilities to achieve funding and liquidity positions for the company, mitigating the traditional financial risks associated with the balance sheet, such as interest rate, liquidity, price and currency risks. Interest-earning assets managed by this segment include liquidity positions in cash and cash equivalents, as well as highly liquid corporate debt securities rated ‘A-’ or above, and financial instruments related to the company’s investment management activities, consisting of securities at fair value through other comprehensive income (FVOCI) and securities at amortized cost. This segment also manages the company’s interest-bearing liabilities, which constitute its funding sources and which primarily consist of deposits, short- and long-term borrowings and debt. Strategy The company’s strategy is to participate in activities associated with trade and the trade supply chain, as well as integration across Latin American, targeting clients that offer the potential for longstanding relationships and a wider presence in the Region, such as financial institutions, corporations, sovereigns and state-owned entities. Supervision and Regulation The Superintendency of Banks regulates, supervises and examines the company on a consolidated basis. The New York Agency is regulated, supervised and examined by the New York State Department of Financial Services and the Board of Governors of the Federal Reserve System (the ‘U.S. Federal Reserve Board’). The company’s direct and indirect nonbanking subsidiaries doing business in the United States are subject to regulation by the U.S. Federal Reserve Board. The company operates in Panama under a General Banking License issued by the National Banking Commission, predecessor of the Superintendency of Banks. The company is subject to certain provisions of the Bank Holding Company Act of 1956 (BHCA), because it maintains an agency in the United States. History The company was founded in 1977. It was incorporated in 1978 as a corporation pursuant to the laws of the Republic of Panama. The company was formerly known as Banco Latinoamericano de Exportaciones, S.A. and changed its name to Banco Latinoamericano de Comercio Exterior, S.A. in 2009.