BLADEX, INC.

References to Bladex’s consolidated financial statements (the Consolidated Financial Statements ) are to the financial statements of Banco Latinoamericano de Comercio Exterior, S.A., and its subsidiaries, with all intercompany balances and transactions having been eliminated for consolidating purposes. References to Bladex Head Office are to Banco Latinoamericano de Comercio Exterior, S.A. in its individual capacity. References to Bladex’s loan portfolio (the Loan Portfolio ) are to the Bank’s principal balance of loans, excluding interest receivable, allowance for loan losses, unearned interest and deferred fees. References to Bladex’s commercial portfolio (the Commercial Portfolio ) are to the Bank’s Loan Portfolio plus customers’ liabilities under acceptances, and loan commitments and financial guarantee contracts, such as confirmed and stand-by letters of credit, and guarantees covering commercial risk. References to Bladex’s credit portfolio (the Credit Portfolio ) are to the Bank’s Commercial Portfolio plus Bladex’s investment portfolio (the Investment Portfolio ) consisting of the principal balance of securities at fair value through other comprehensive income ( FVOCI ) and the principal balance of securities at amortized cost, excluding the interest receivable and the allowance for expected credit losses. References to U.S. dollars or $ are to United States ( U.S. ) dollars. References to the Region are to Latin America and the Caribbean. The Bank accepts deposits and raises funds principally in U.S. dollars, grants loans mostly in U.S.