BANCO LATINOAMERICANO DE COMERCIO EXTERIOR (Bladex SA)

Bladex was founded in 1979 by Latin American Governments, Central Banks and Regional Banks as a USD facilitator (rating
arbitrage) for the regional financial institutions (FIs) in order to boost foreign trade; Bank of Banks. It operates in 23 countries
in the Region, with long-lasting customer relationships (FIs and Corps, this segment was entered from 2004) and a robust
customer base in Top-Tier-names. Its head Office in Panama plays a fundamental role in supporting its structure, providing
administrative and risk management support. Network of 4 Rep Offices in Bogota, Buenos Aires, Mexico City and Sao Paolo,
plus an Agency in New York. Bladex offers financial solutions for their business in/out Latin America mainly in USD.