Dividend Declaration

    Bladex Announces Dividend Payment for the Fourth Quarter of 2005 
 
    PANAMA CITY, Dec. 27 -- Banco Latinoamericano de Exportaciones, S.A. (NYSE: 
BLX) (Bladex) announced today that the $0.15 per share quarterly cash dividend, 
approved by the Board of Directors on August 3, 2004, corresponding to the 
fourth quarter 2005, is payable on January 17, 2006, to stockholders of record 
as of January 6, 2006. 
    As of November 30, 2005, Bladex had 38,096,775.20 common shares 
outstanding of all classes. 
 
    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 banks and state-
owned entities in 23 countries in the Region, as well as Latin American and 
international commercial banks, along with institutional and retail investors. 
 
    For further information, please access our web site on the Internet at 
http://www.blx.com or contact: 
 
     Carlos Yap S. 
     Senior Vice President, Finance 
     Bladex 
     +011-507-210-8563 
     E-mail, [e-mail] 
 
     Melanie Carpenter / Peter Majeski 
     i-advize Corporate Communications, Inc. 
     [phone] 
     E-mail, [e-mail] 
 
SOURCE  Banco Latinoamericano de Exportaciones, S.A. 
    -0-                             12/27/2005 
    /CONTACT:  Carlos Yap S., Senior Vice President, Finance, Bladex,  
+011-507-210-8563, or e-mail, [e-mail]; or Melanie Carpenter, or Peter 
Majeski, both of i-advize Corporate Communications, Inc., [phone], or 
e-mail, [e-mail], for Bladex/ 
    /Web site:  http://www.blx.com / 
    (BLX) 
 











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