Dividend Declaration

    Bladex Declares US$2.175 Per Share Dividend on Preferred Shares 
 
    PANAMA CITY, Nov. 2, 2005 -- Banco Latinoamericano de Exportaciones, 
S. A. (NYSE: BLX) ("Bladex"), announced that its Board of Directors, at a 
meeting held on October 18, 2005, declared a cash dividend of US$2.175 
per share (par value of US$10.00 per share), payable on November 15, 2005 
to the preferred shareholders of record on October 31, 2005. 
    This dividend corresponds to the second installment of the annual dividend 
to the preferred shareholders that includes a minimum annual dividend of 8% 
and the preferred dividend equivalent to the percentage of the common dividend 
in excess of 8%, as a result of the special dividend declared in favor of the 
holders of common shares as of February 1, 2005. 
    As of October 31, 2005, Bladex had 304,473 preferred shares outstanding. 
 
    For further information concerning the payment of dividends, please 
contact: 
 
    Luisa Lin de Polo 
    Assistant Manager  
    Shareholder Relations 
    Bladex 
    Calle 50 y Aquilino de la Guardia 
    P. O. Box 6-1497 El Dorado  
    Panama, Republic of Panama 
    Tel. No. [phone]  Fax No. [phone] 
    E-mail:  [e-mail] 
 
    or 
 
    Carlos Yap S. 
    Senior Vice President   
    Finance   
    Bladex 
    Calle 50 y Aquilino de la Guardia 
    P. O. Box 6-1497 El Dorado  
    Panama, Republic of Panama 
    Tel. No. [phone]   Fax No. [phone] 
    E-mail:  [e-mail] 
 
    Bladex is a supranational bank originally established by the Central Banks 
of Latin American and Caribbean countries to finance and promote trade in the 
Region. Based in Panama, its shareholders include central banks and state-
owned entities in 23 countries in the region, Latin American and international 
commercial banks, and institutional and retail investors. 
 
    For additional information about Bladex, please access our web site on the 
Internet http://www.blx.com . 
 
SOURCE  Banco Latinoamericano de Exportaciones, S.A. 
    -0-                             11/18/2005 
    /CONTACT: Luisa Lin de Polo, Assistant Manager, Shareholder Relations, 
507-210-8667, ext. 5055, or fax, 507-210-8666, or [e-mail], or Carlos Yap 
S., Senior Vice President, Finance and Performance Management, 507-210-8563, 
or fax, 507-269-6333, or [e-mail], both of BLADEX/ 
    /Web site:  http://www.blx.com / 




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