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Tuesday 29 March, 2005

BancoLatinoamericano

Bladex Redemption on Preferred Shares


FOR IMMEDIATE RELEASE

                 BANCO LATINOAMERICANO DE EXPORTACIONES, S. A.                 
                        REDEMPTION ON PREFERRED SHARES                         

Panama, Republic of Panama, March 24, 2005 - Banco Latinoamericano de
Exportaciones, S.A. ('Bladex') (NYSE: BLX), notifies its preferred shareholders
that, pursuant to the terms and conditions of its preferred shares, on
Wednesday, March 23, 2005, a drawing was held to select 304,639 preferred
shares, equivalent to twenty percent (20%) of the total preferred shares
outstanding as of March 15, 2002, to be redeemed on May 16, 2005. The drawing
took place at Bladex's headquarters, located at 50th Street and Aquilino de la
Guardia Street, Panama City, Republic of Panama, at 11:00 a.m. local time, in
the presence of Boris Barrios Gonzalez, Esq., First Notary Public of the
Circuit of Panama, Republic of Panama.

The following stock certificates were selected to be redeemed:

                                                                               
Certificate              Certificate                  Certificate              
    No.       Shares         No.           Shares         No.        Shares    
                                                                               
    38          90           379           1,257          732          874     
                                                                               
    56          80           381           10,153         750          265     
                                                                               
    58         2,935         403             44           753          31      
                                                                               
    69          80           404           4,414          768          999     
                                                                               
    83          99           423             87           769          25      
                                                                               
    108         162          431           3,214          771          836     
                                                                               
    114         144          432             88           781          86      
                                                                               
    129        3,199         433           4,410          794         1,853    
                                                                               
    149        1,600         451           1,385          804          999     
                                                                               
    157         849          466             87           807          100     
                                                                               
    171        6,397         470           10,153         831         4,646    
                                                                               
    174         320          483           1,516          832          186     
                                                                               
    198        2,556         488           3,465          851         9,691    
                                                                               
    212       18,743         504            633           873         6,354    
                                                                               
    213        1,999         507             87           882         5,854    
                                                                               
    240        2,619         513            763           884         1,749    
                                                                               
    244         587          548             28           886         2,651    
                                                                               
    247         800          587             28           888          255     
                                                                               
    253        1,408         589            765           904          186     
                                                                               
    274         166          643           1,748          906          92      
                                                                               
    283         156          649             50           907          10      
                                                                               
    286         18           657            874           982          725     
                                                                               
    289         139          660           5,853          987          840     
                                                                               
    318        1,025         667            798           998          35      
                                                                               
    326         226          692            175          1020          35      
                                                                               
    335         260          695            499          1027          801     
                                                                               
    344         434          704            441          1031          262     
                                                                               
    357         138          717            125          1034          149     
                                                                               
    378        1,068         728            250          1042          51      
                                                                               

Certificate        Certificate           Certificate          Certificate         
    No.     Shares     No.      Shares       No.      Shares      No.      Shares 
                                                                                  
   1046      103      1370         2        1615       125       1889        40   
                                                                                  
   1055      799      1376        34        1620        43       1896       307   
                                                                                  
   1090      878      1377        34        1639       206       1908      4,496  
                                                                                  
   1098      365      1382        100       1668       204       1928       296   
                                                                                  
   1106      250      1388        543       1674       374       1937      2,835  
                                                                                  
   1107      442      1406        103       1679        53       1945        34   
                                                                                  
   1121      999      1419        54        1681        68       1956      1,015  
                                                                                  
   1124      999      1424        500       1687        35       1977        68   
                                                                                  
   1146       31      1437        100       1692      1,040      1978       125   
                                                                                  
   1149       52      1478       1,314      1704        39       1982      2,562  
                                                                                  
   1153       40      1482        519       1706        39       1987        96   
                                                                                  
   1156      305      1487        179       1715        62       1997        70   
                                                                                  
   1165       16      1489        55        1717      1,188      2000      2,164  
                                                                                  
   1166       81      1515        29        1741       136       2021       136   
                                                                                  
   1189      659      1516       9,701      1749       203       2024        97   
                                                                                  
   1200      734      1518       6,131      1750        68       2073      1,162  
                                                                                  
   1220       29      1520        104       1758        39       2082      30,181 
                                                                                  
   1258       62      1522        45        1783       679       2095       110   
                                                                                  
   1263       20      1526        243       1788        43       2100       942   
                                                                                  
   1276       54      1532       3,355      1796       769       2101      2,324  
                                                                                  
   1283       62      1544       2,659      1813        39       2104      4,694  
                                                                                  
   1284      130      1545       2,543      1819       496       2111      2,308  
                                                                                  
   1310      250      1548       1,454      1832       598       2129       974   
                                                                                  
   1326      766      1588       8,636      1839      2,716      2144       885   
                                                                                  
   1329      125      1592       1,976      1845        66       2146       216   
                                                                                  
   1346       35      1593       2,443      1869      3,552      2152       480   
                                                                                  
   1348       51      1597       7,990      1870      4,549      2154        43   
                                                                                  
   1349       29      1601       3,840      1876      3,971      2159       336   
                                                                                  
   1368       29      1604       5,790      1887      21,499     2162       145   
                                                                                  
                                                                 2163       461   

Stock certificate No. 381 was drawn last, thereby exceeding twenty percent
(20%) of the total preferred shares outstanding as of March 15, 2002. This
stock certificate shall be partially redeemed and a new stock certificate with
the number of shares that is pending for redemption will be sent to the
shareholder.

The holders of the selected stock certificates must send their certificates to
Bladex to ensure the corresponding payment on the Date of Redemption, to:

Luisa Lin de Polo         
Assistant Manager
Shareholder Relations
Bladex
Calle 50 y Aquilino de la Guardia
P.O. Box 6-1497 El Dorado
Panama, Republic of Panama

Tel. (507) 210-8667
Fax (507) 210-8666
E-mail: lpolo@blx.com

Payment will be made upon receipt of preferred stock certificates.

                                     # # #                                     

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
December 31, 2004, over its 25 years of operations, Bladex had disbursed
accumulated credits of over US$129 billion.