Bladex Launches Clavex to Deploy World-Class Identity Solutions to Latin 
                                   America 
 
    PANAMA CITY, July 14 -- Banco Latinoamericano de Exportaciones, S.A. (NYSE: 
BLX) ("Bladex" or "the Bank"), announced today it has launched operations of a 
wholly-owned subsidiary, Clavex LLC, to deliver world-class identity solutions, 
technologies and information to financial institutions throughout Latin America 
and the Caribbean (the "Region"). 
    Clavex LLC, based and incorporated in the U.S., will leverage Bladex's 
regional expertise and sterling client base in the Region to deliver solutions 
pertaining to digital identity credentials for financial institutions in the 
Region.    
    Jaime Rivera, Chief Executive Officer of Bladex, stated, "Clavex LLC was 
formed to deliver the best digital identity solutions required to increase 
transparency, mitigate risk and bring the Latin American financial sector up 
to global standards for authenticating transactions.  Clavex LLC has the 
exclusivity to deliver IdenTrust Digital Identity Solutions for the banking 
sector and other top services intended to improve and increase e-commerce and 
financial transactions to the benefit of those conducting business in Latin 
America." 
    Rivera added, "I am also pleased to announce that Catherine McGrail has 
been named Chief Executive Officer of Clavex LLC.  For the past two years, as 
Vice President and Head of New Products for Bladex, she spearheaded our entry 
into the digital identity business and was the driving force behind our 
successful partnership with IdenTrust.  Her knowledge and experience in Latin 
American financial services products and vendors will be pivotal to the 
success of Clavex LLC."   
 
    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 March 31, 2006, over its 26 years of operations, Bladex had disbursed 
accumulated credits of over US$138 billion. 
    For additional information about Bladex, please access our website on the 
Internet at http://www.blx.com  
 
    Bladex Safe Harbor Statement 
    This press release contains forward-looking statements of expected future 
developments.  The Bank wishes to ensure that such statements are accompanied 
by meaningful cautionary statements pursuant to the safe harbor established by 
the Private Securities Litigation Reform Act of 1995.  The forward-looking 
statements in this press release refer to the formation of a new subsidiary.  
Clavex LLC including expected results and benefits arising from its new 
products and services.  These forward-looking statements reflect the 
expectations of the Bank's management and are based on currently available 
however, actual experience with respect to these factors is subject to future 
events and uncertainties which could materially impact the Bank's 
expectations. 
 
SOURCE  Banco Latinoamericano de Exportaciones, S.A. 
    -0-                             07/14/2006 
    /CONTACT:  Carlos Yap S., Senior Vice President - Finance of Bladex,  
+1-507-210-8563, cyap@blx.com; or Melanie Carpenter or Peter Majeski, both of 
i-advize Corporate Communications, Inc., +1-212-406-3690, bladex@i-advize.com, 
for Bladex/ 
        /Web site:  http://www.blx.com / 
    (BLX) 



















































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