Bladex Announces the Departure of Mr. Jaime Celorio, Chief Financial Officer

PANAMA CITY, July 29  /PRNewswire-FirstCall/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex") (NYSE:BLX) announced today the departure of Mr. Jaime Celorio, Chief Financial Officer, effective October 1, 2009.

Mr. Celorio leaves Bladex after 2 years of service to pursue other opportunities.  He will be replaced by Mr. Christopher Schech, who joins Bladex after working for Volvo Financial Services in Europe, and GE Consumer Finance/GE Money in Latin America and Asia. Mr. Schech will be responsible for the Bank's financial management, as well as the interaction with rating agencies, shareholders, and investors.

Mr. Jaime Rivera, Bladex's Chief Executive Officer, stated the following regarding the change, "Jaime Celorio leaves Bladex after having played a significant role in supporting the Bank's success during a particularly difficult time for the financial industry, for which we are all especially thankful.  I also wish to welcome Chris Schech, who is joining our team just as we are redefining the Bank's business plan to leverage the many opportunities that will arise in our industry as economies begin to recover."

Bladex is a supranational bank originally established by the Central Banks of Latin America and Caribbean countries to promote trade finance in the Region. Based in Panama, its shareholders include central and state-owned entities in 23 countries of the Region, as well as Latin American and international commercial banks and institutional and retail investors.

For further information, please access our web site at http://www.bladex.com/ or contact:

  Mr. Jaime Celorio
  Chief Financial Officer
  Bladex
  Calle 50 y Aquilino de la Guardia
  Panama City, Panama
  Tel: [phone]
  E-mail address: 

  Investor Relations Firm:
  i-advize Corporate Communications, Inc.
  Mrs. Melanie Carpenter / Mr. Peter Majeski
  82 Wall Street, Suite 805, New York, NY 10005
  Tel: [phone]
  E-mail address:  

DATASOURCE: Banco Latinoamericano de Comercio Exterior, S.A.



CONTACT: Jaime Celorio, Chief Financial Officer, Bladex, [phone],

; or Investor Relations Firm, Melanie Carpenter or Peter

Majeski, both of i-advize Corporate Communications, Inc., [phone],

, for Bladex



Web site:  http://www.bladex.com/ 

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