BLADEX

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BLADEX Latin American Trade Flows
Rio, November, 2008
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Bladex Background A unique organization.

• Bladex is a supranational bank, created by the
  initiative of the 23 central banks of Latin
  America and the Caribbean in 1975, with the
  mandate to finance and promote trade in the
  Region
• Shareholders include Central Banks and state
  entities of 23 countries in the Region, as well
  as local, regional, and international banks,
  along with private investors
• Investment grade institution since 1992. Current
  ratings BBB by SP, and Baa2 by Moodys
• New York Stock Exchange listing since 1992, -
  Ticker BLX
• Strong knowledge of the Region 29 years of
  operation in 23 countries. Disbursements over USD
  150 billion.
• Preferred Creditor status. Rated BBB / Baa2 by
  SP / Moodys.
• World class Corporate Governance standards

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Shareholder Composition
Class A Central Banks and designated State
Institutions (certain supermajority voting rights
apply) Class B Commercial banks Class E Private
Investors NYSE listed (BLX)
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The Bladex Latin American Reach Bladex is
headquartered in Panama, with Representative
Offices in Argentina, Brazil, Mexico, Miami, and
an Agency in New York.

• Class A Shareholders
• Argentina - Banco de la Nación Argentina
• Barbados - Central Bank of Barbados
• Bolivia - Banco del Estado (Bolivia)
• Brazil - Banco do Brasil
• Chile - Banco del Estado de Chile
• Colombia - Banco de Comercio Exterior Colombia,
  S.A.
• Costa Rica - Banco Central de Costa Rica
• Dominican Republic - Banco de Reservas de la
  República Dominicana
• Ecuador - Banco Central del Ecuador
• El Salvador - Banco Central de Reserva de El
  Salvador
• Guatemala - Banco de Guatemala
• Haiti - Banque de la Republique DHaiti
• Honduras - Banco Central de Honduras
• Jamaica - National Export-Import Bank of Jamaica
• Mexico - Banco de México
• Nicaragua - Banco Central de Nicaragua
• Panama - Banco Nacional de Panamá
• Paraguay - Banco Central del Paraguay

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Bladex intra-regional focus

• Bladex product base and experience fits the
  Regions trade financing needs
• Traditional as well as structured trade financing
• Forfaiting Vendor Financing, with or without
  recourse, insured or uninsured
• Leasing international and domestic through
  strategic alliances
• Factoring in the process of adding

• Bladex has financed 1.3 billion worth of Oil
  trade and more than 175 MM of Fertilizer Steel
  related transactions so far in 2008
• Example of transactions, sectors and countries in
  2008
•  Brazil
• Oil Gas US 30MM Vendor Financing for export
  to Chile
• Textile         US 20MM Line of credit for
  the subsidiary in Mexico
• Construction US 2,3MM Equipment financing for
  the construction of a bridge in Peru
• Steel    US 18MM Line of credit for the
  subsidiary in the US
• Venezuela
• Oil Gas US 572 MM in aggregate import
  financing of oil exports to the DR, Costa Rica,
  Jamaica
• US
• Oil Gas US 726 MM in aggregate
  financing of oil exports to the Ecuador
  (refined), Jamaica , TT Peru
• Fertilizer US 134 MM in aggregate Vendor
  Financing exports to EL Salvador, Guatemala,
  Costa Rica, Brazil, Ecuador
  Uruguay
• Steel US 25 MM Vendor financing for the
  export to companies in Mexico Ecuador

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2009 Overview

• LatAm did its homework fiscal responsibility
  thus helping to lower deficits and debt levels
• More reserves and lower debt.
• Stronger banking systems with sound banks and
  good banking supervision
• The combined effect of a possible global
  recession and a reduction in commodity prices
  will affect negatively the trade activity in
  2009, and the real economy
• The banking trade financing landscape in the
  Region will change..
• Decrease in consumer construction financing
• Reduced activity in the capital markets
• Tightening of credit standards for corporate
  credit with increased collateral requirements
• Price correction most likely to remain
• Trade Financing will recover its importance for
  banks (lower risk products)
• Increased use of Letters of Credit (liquidity
  risk pressure)
• Bladex is well positioned to adapt to the new
  landscape because of its focus (Trade Financing),
  reach knowledge of the Region

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Latin America is better prepared ...
Source World Bank
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Muito obrigado. Thank You. Muchas Gracias.
Contact info Sao Paulo office Tel. [phone]
www.bladex.com