2Q18 Earnings Presentation

1. 2Q18 Earnings Results Presentation
July 20, 2018

2. “This presentation contains forward-looking statements. These statements are made under the “safe harbor” provisions established
by the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties.
The forward-looking statements in this presentation reflect the expectations of the Bank’s management and are based on currently
available data; however, actual experience with respect to these factors is subject to future events and uncertainties, which could
materially impact the Bank’s expectations. A number of factors could cause actual performance and results to differ materially from
those contained in any forward-looking statement, including but not limited to the following: the anticipated growth of the Bank’s
credit portfolio, including its trade finance portfolio; the continuation of the Bank’s preferred creditor status; the impact of increasing
interest rates and of the macroeconomic environment in the Region on the Bank’s financial condition; the execution of the Bank’s
strategies and initiatives, including its revenue diversification strategy; the adequacy of the Bank’s allowance for credit losses; the
need for additional provisions for credit losses; the Bank’s ability to achieve future growth, the Bank’s ability to reduce its liquidity
levels and increase its leverage; the Bank’s ability to maintain its investment-grade credit ratings; the availability and mix of future
sources of funding for the Bank’s lending operations; potential trading losses; the possibility of fraud; and the adequacy of the
Bank’s sources of liquidity to replace large deposit withdrawals.”
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3. 1
2Q18 Highlights
Financial Performance Overview
Solid Commercial Portfolio Growth  6% QoQ  4% YoY
2 Net Interest Income
 Improved GAP income from higher
LIBOR-based market rates drove higher
QoQ Net Interest Income and Margin
 Lending spreads still pressured YoY
 Higher medium-term lending in 2Q18
3 Fee Income  Increased from the closing of two
syndicated transactions in 2Q18
 64% QoQ
5 Credit Quality
 Lower NPL balances
 Proactive credit risk monitoring
1.6x coverage ratio
$3,740 MM  8% QoQ
3
0.98% NPL to total loan
 5% QoQ NII
 13bps QoQ NIM
 15% YTD NII
$538 MM
4 Efficiency
 Continued short-term trade loan origination
 Lower operating expense and increase
in total income
 11pts QoQ
Lending Activity

4.  New loan disbursements –
higher origination, above
maturity levels and with
longer avg. term
Loan Origination and Maturities
4
+21%

5. Net Interest Income & Financial Margins
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6. Fees & Other Income
 YoY higher fees from L/C and contingencies activity; stable QoQ
 Increased fees from syndications business in 2Q18
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7. Operating Expenses
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• Salaries and other employee expenses impacted by annual
variable compensation expense incurred in 1Q18
• Excluding variable compensation, expenses remained relatively
stable.

8. Commercial Portfolio Highlights
 Portfolio maintaining its trade focus
(54%) and short-term nature (81%)
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 Portfolio’s split
even between FI’s
(+12 pts YoY) and
Corporations
 Well diversified
corporate exposure
among several
industries
 Diversified country exposure

9.  NPL balances at $54.3 million or
0.98% of total loan portfolio
 NPL reserve coverage of 1.6 times
Credit Quality - NPL
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(*)
(*)
(*) Reserve refers to the allowance for expected credit losses on loans, loan commitments and financial guarantee contracts.

10.  EoP deposits balance nearly at $3.0 B; with 73%
placed by Central Banks Class “A” shareholders
or designees
 Well diversified funding base across geographies,
products and tenors
Average Funding Sources and Cost of Funds Funding Sources by Geography
(As of June 30, 2018)
Funding Sources
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Deposits by Type of Client
(As of June 30, 2018)

11. Shareholder Returns
 Price per share
below book value
 Dividend of
$0.385/share
declared for 2Q18
 Attractive dividend
yield of 5.5%
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