The Board of Directors has set up Committees in which the Board has delegated powers and duties, subject to the provisions of the Articles of Incorporation and the By-Laws.

Audit Committee
  • Herminio A. Blanco - Chairman
  • Gonzalo Menéndez Duque
  • José Alberto Garzón
  • Javier González Fraga

Compensation Committee

  • João Carlos de Nóbrega Pecego - Chairman
  • José Alberto Garzón
  • Javier González Fraga

Prevention and Compliance Committee

Risk Policy and Assessment Committee
  • Miguel Heras - Chairman
  • Gonzalo Menéndez Duque
  • Ricardo Manuel Arango
  • Herminio A. Blanco
  • Mario Covo
  • Roland Holst 

Finance and Business Committee

  • Mario Covo - Chairman
  • Ricardo Manuel Arango
  • Miguel Heras
  • Roland Holst 
  • João Carlos de Nóbrega Pecego

Audit Committee

The Audit Committee (the "Committee") of Banco Latinoamericano de Comercio Exterior, S.A. (the "Bank") is a standing committee of the Board of Directors. The purpose of the Committee is to discharge certain duties established by applicable regulations and to assist the Board of Directors in fulfilling its oversight responsibilities for the financial reporting process, the integrity of the Bank’s financial statements, the system of internal control over financial reporting, the audit process and the process for monitoring compliance with legal and regulatory requirements, and with the Code of Ethics.

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Compensation Committee

The Compensation Committee (the "Committee") of Banco Latinoamericano de Comercio Exterior, S.A. (the "Bank") is a standing committee of the Board of Directors. The Committee is responsible for submitting recommendations to the Board of Directors ("The Board") about the nomination of Directors, the benefits and compensation policies for the Directors, Officers, Executives and Employees, as well as for hiring and evaluating the performance of the Chief Executive Officer ("CEO"), the Bank’s human resources policies, corporate governance and Code of Ethics. The Committee is also responsible for making recommendations to the Board of Directors on matters related to the Bank’s operating model, processes, information technology and communications.

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Prevention and Compliance Committee

The Compliance and Anti-Money Laundering Committee (the "Committee") of the Banco Latinoamericano de Comercio Exterior, S.A. (the "Bank") is a standing Committee of the Board of Directors ("The Board"), wherein also some members of the Bank’s Management participate, in compliance with the regulatory requirements from the Superintendency of Banks of the Republic of Panama.

The Committee will act in support of the Board, fulfilling its responsibilities in compliance matters while also fulfilling the functions attributed to them pursuant to applicable laws and regulations related to compliance, including the responsibility to direct the Bank’s Compliance Program on a strategic level.

For the purpose hereof, "compliance" includes all of the laws and regulations that apply to the Bank and are related to:

(i) Anti Money-Laundering and the Combating of the Financing of Terrorism and the Proliferation of Weapons of Mass Destruction (AML/CFT), (ii) The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), (iii) The Foreign Accounts Tax Compliance Act (FATCA), and (iv) The OECD’s Common Reporting Standards (CRS).

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Risk Policy and Assessment Committee

The Risk Policy and Assessment Committee (the "Committee") of Banco Latinoamericano de Comercio Exterior, S.A. (the "Bank") is a standing committee of the Board of Directors. The Committee is responsible for reviewing and recommending to the Board of Directors (the "Board"), for its approval, all policies related to prudent enterprise risk management. The Committee also reviews and assesses exposures to the risks facing the business, within the risk levels the Bank is willing to take according to the related policies, including the review and assessment of the quality and profile of the Bank's credit facilities, the exposure to market risks and the analysis of operational risks, which take into account the legal risks associated with the Bank's products.

The Committee performs its duties based on reports received regularly from Management Committee and through its interactions with the Enterprise Risk Management area and other members of the Bank's management. In performing its functions, the Committee shall apply criteria of reasonableness and materiality in the scope of its duties.

The Committee is not responsible for enforcing policies or compliance with legal limits or other restrictions that may apply. Such responsibilities fall to the Enterprise Risk Management function and Management of the Bank as a whole.

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Finance and Business Committee

The Finance and Business Committee (the "Committee") of the Foreign Trade Bank of Latin America, Inc. ("Bladex" or the "Bank") is a standing committee of the Board of Directors (the "Board"). The fundamental role of the Committee is to review and analyze all issues related to the development and execution of the Bank’s business and its financial management, including, among others, capital management, portfolio management (assets and liabilities), liquidity management, gap and funding management, tax related matters and, the financial performance of the Bank in general.

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