Banco Latinoamericano de Exportaciones, S.A. (BLADEX) Declares US$0.40 per 
                      Share Dividend on Preferred Shares 
 
    PANAMA CITY, Oct. 31 -- Banco Latinoamericano de 
Exportaciones, S. A. (BLADEX) (NYSE: BLX), a multinational bank established to 
finance trade in the Latin American and Caribbean region, announced that its 
Board of Directors, at a meeting held on October 17, 2003, declared a cash 
dividend of US$0.40 per share (par value of US$10.00 each), payable on 
November 17, 2003 to the registered holders of preferred shares as of 
October 30, 2003. 
    As of October 30, 2003, BLADEX had 913,918 issued and outstanding 
preferred shares with an aggregate par value of US$9,139,180. 
 
    For further information concerning the payment of dividends, please 
contact: 
 
    Luisa Lin de Polo 
    Assistant Manager 
    Shareholder Relations 
    BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. 
    Calle 50 y Aquilino de la Guardia 
    P.O. Box 6-1497 El Dorado 
    Panama, Republic of Panama 
    Phone: (507) 210-8500 ext. 5055 
    Fax: (507) 210-8666 
    E-mail: lpolo@blx.com 
 
    or 
 
    Carlos Yap S. 
    Senior Vice President 
    Finance and Performance Management 
    BANCO LATINOAMERICANO DE EXPORTACIONES, S.A. 
    Calle 50 y Aquilino de la Guardia 
    P.O. Box 6-1497 El Dorado 
    Panama, Republic of Panama 
    Phone: (507) 210-8581 
    Fax: (507) 215-7385 
    E-mail: cyap@blx.com 
 
    For additional information about BLADEX, please access our web site on the 
internet www.blx.com 
 
SOURCE  Banco Latinoamericano de Exportaciones, S. A. 
    -0-                             11/19/2003 
    /CONTACT:  Luisa Lin de Polo, Assistant Manager, Shareholder Relations, 
+011-507-210-8500, ext. 5055, or +011-507-210-8666, or lpolo@blx.com, or 
Carlos Yap S., Senior Vice President, Finance and Performance Management, 
+011-507-210-8581, or fax, +011-507-215-7385, or cyap@blx.com, both of Banco 
Latinoamericano de Exportaciones/ 
    /Web site:  http://www.blx.com / 
    (BLX) 
 
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