Banco Latinoamericano de Exportaciones ('BLADEX') and Trade Source 
              International ('TSI') Announce Strategic Alliance 
                                        
                BLADEX to Provide Its Clients with New Line of  
                   Innovative Global Trade Finance Services 
 
    PANAMA CITY, Panama and PASADENA, Calif., Jan. 9 -- 
Banco Latinoamericano de Exportaciones, S.A. (NYSE: BLX) ("BLADEX") and Trade 
Source International ("TSI"), today announced a strategic alliance that will 
offer BLADEX's clients TSI's suite of global trade finance services, geared 
around the latter's international expertise in Export Credit Agency and other 
trade-specific financial structures. The services include creating and 
implementing innovative financing and payment solutions for trade-related 
structured transactions.   
    "We are delighted to be working with TSI. Leveraging on their extensive 
experience, BLADEX will be able to offer our clients an additional service to 
support their trade-related needs," said Jaime Rivera, Chief Executive Officer 
of BLADEX. "As part of our strategy of increasing the scope of our trade 
finance products through strategic alliances, TSI affords BLADEX the 
capability of deploying first-rate Export Credit Agency structures. Our aim 
remains to become the most complete trade finance house in Latin America, 
while minimizing our execution and investment risk." 
    "TSI is extremely proud to have been selected by BLADEX to help service 
its clients by providing product expertise in the structuring of trade-related 
transactions benefiting from Export Credit Agencies support," said Michael 
Stoddard, Managing Director for TSI. 
 
    About BLADEX 
    BLADEX is a multinational bank established by the Central Banks of the 
Latin American and Caribbean countries. Based in Panama, its shareholders 
include central and commercial banks in 23 countries in the Region, as well as 
international banks and private investors. BLADEX (ticker: BLX) is listed on 
the New York Stock Exchange. Additional information is available at 
www.blx.com. 
 
    About TSI  
    TSI is an international financial advisory services firm that delivers 
business and financing solutions to banks and their customers that engage in 
cross-border trade and investment. TSI develops partnerships with financial 
institutions to supplement their trade and project finance expertise. Through 
these partnerships, TSI assists its client banks in generating advisory fees, 
originating loans, and distributing trade risk on structured trade finance 
business. Additional information is available at www.tsi-b2b.com. 
 
    Media Contacts: 
    Carlos Yap S. 
    Banco Latinoamericano de Exportaciones, S.A. (BLADEX) 
    507-210-8581 
    cyap@blx.com 
 
    Michael W. Stoddard 
    Trade Source International (TSI) 
    626-398-0759 
    stoddard@tsi-b2b.com 
 
    Melanie Carpenter 
    i-advize Corporate Communications, Inc. (for BLADEX) 
    212-406-3692 
    mcarpenter@i-advize.com 
 
SOURCE  Banco Latinoamericano de Exportaciones S.A. 
    -0-                             01/09/2004 
    /CONTACT:  In Panama, Carlos Yap S., Banco Latinoamericano de 
Exportaciones, S.A., +1-507-210-8581, or cyap@blx.com; or Michael W. Stoddard, 
Trade Source International (TSI), +1-626-398-0759, or stoddard@tsi-b2b.com; or 
in New York, Melanie Carpenter, +1-212-406-3692, or mcarpenter@i-advize.com, 
of i-advize Corporate Communications for Bladex/ 
    /Web site:  http://www.blx.com 
                http://www.tsi-b2b.com / 
    (BLX) 
 




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