Dividend Declaration

    Bladex Increases Quarterly Dividend From US$0.15 to US$0.1875 per Share and 
       Declares Special Dividend of US$1.00 per Share (US$38.1 Million) 
 
    PANAMA CITY, Feb. 3 -- Banco Latinoamericano de Exportaciones, S.A. (NYSE: 
BLX) ("Bladex" or "the Bank") announced today that its Board of Directors 
declared a 25% increase in the quarterly dividend, from US$0.15 per share to 
US$0.1875 per share, which is the equivalent of an increase from US$0.60 per 
share to US$0.75 per share, on an annual basis. In addition, the Board declared 
a special cash dividend of US$1.00 per common share (which, based on the number 
of shares outstanding as of January 31, 2006, amounts to US$38.1 million). Both 
the increased quarterly dividend and special dividend are payable on April 6, 
2006, to shareholders of record as of March 24, 2006. 
    As of January 31, 2006, Bladex had 38,096,775 shares of common stock of 
all classes outstanding. 
    The Bank's US$50 million three-year open market stock repurchase plan, of 
which US$21.3 million has been utilized to date, remains in effect. 
    Jaime Rivera, Chief Executive Officer, stated, "This action reflects the 
Bank's stronger operating earnings capacity and follows our practice of 
returning capital, beyond what is needed for growth and investments, to our 
shareholders."  
    Bladex will release its fourth quarter 2005 results on Wednesday,  
February 15, 2006, and it will hold a conference call to discuss these 
results, on Thursday, February 16, 2006. Conference call details will follow. 
 
    Bladex is a supranational bank originally established by the Central Banks 
of Latin American 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 and institutional and retail investors.  
Through December 31, 2005, over its 26 years of operations, Bladex had 
disbursed accumulated credits of over US$135 billion. 
 
    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-                             02/03/2006 
    /CONTACT:  In Panama, Carlos Yap S., Senior Vice President, Finance, 
Bladex, +011-507-210-8563, or [e-mail]; or in New York, Melanie Carpenter, 
or Peter Majeski, both of i-advize Corporate Communications, Inc.,  
[phone], or [e-mail], for Bladex/ 
    /Web site:  http://www.blx.com / 
    (BLX) 



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