|Place of Incorporation:||Panama|
|Corporate Name:||Banco Latinoamericano de Comercio Exterior, S.A.|
|Trade Name:||Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) - Foreign Trade Bank of Latin America, formerly known as Banco Latinoamericano de Exportaciones, S.A. (Bladex)|
|Type of License:||General|
|Resolution No.:||12-78 dated July 18, 1978|
|Legal Domicile:||Business Park, Tower V, Ave. La Rotonda, Costa del Este, Panama, Republic of Panama|
|Organizational Chart:||See pdf file (194 kb)|
Bladex Representação Ltda.
Bladex is the owner of 99.999% and Bladex Holdings Inc is the owner of 0.001% of Bladex Representação Ltda, incorporated under the laws of Brazil. It was established to act as the Bank's representative office in Brazil. There are two offices, one in Sao Paulo established in January 7, 2000 and one in Porto Alegre established in July 29, 2010.
Bladex Holdings Inc.
Bladex Holdings is a wholly owned subsidiary of Bladex, incorporated under the laws of the State of Delaware on May 30, 2000. Subsidiaries: Bladex Asset Management Inc.
New York Agency
The Bank established an agency in the State of New York (The “New York Agency”), which started operations on November 4, 1988. The New York Agency is mainly engaged in acquiring short-term obligations and interbank deposits in order to finance its short-term investments, as well as for extending foreign trade loans.
|Representative Offices and International Administrative Office:||
The Bank was authorized to act with a representative in Argentina on July 15, 1986. Such representation is in charge of Argentina, Bolivia, Paraguay and Uruguay. On November 29, 2000, it was authorized to open a representative office in Mexico City, Mexico and on October 30, 2006 to transact business in Florida, United States of America as an International Administrative Office.
On September 21, 2010 the Bank was authorized to open a representative office in Monterrey, México. On November 15, 2010 the Bank was authorized to open a representative office in Lima, Perú and most recently, on April 19, 2011 it was authorized to open a representative office in Bogotá, Colombia.
|Corporate Object or Line of Business:||
The corporate objective is to promote economic development of Latin American countries mainly through the promotion of foreign trade. In order to fulfill this objective, the corporation shall:
The Corporation may also engage in activities that are different from the above described object, provided that they have shareholders' approval thereto, through a resolution adopted with the favorable votes of 50% plus one of all the common shares present or represented at a Shareholders Meeting called in order to grant such an authorization, which favorable vote must necessarily include the votes of three quarters (3/4) of the common issued and outstanding Class A shares.
In the development of the above, the corporation shall have, among others, the power to:
The list of powers mentioned above shall not be construed as a limitation or restriction of the powers of the corporation, but on the contrary, as additional and supplementary to the general powers and authorities granted to corporations by the laws of the Republic of Panama.
|Nature and Extent of transactions with related parties:||
In the normal course of business, the Bank is engaged in operations with a large number of Class "A", Class "B" and Class "E" shareholders. All operations are carried out under business criteria and are subject to market terms and conditions. No Class "A" or "B" shareholder has a shareholding stake exceeding 3% of the total shares.