Presentacion earning 2020 1q actualizada

1. 1Q20 Earnings Results Presentation
April 15, 2020

2. This presentation contains forward-looking statements of expected future developments within the meaning of the Private Securities
Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by
words such as: “anticipate”, “intend”, “plan”, “goal”, “seek”, “believe”, “project”, “estimate”, “expect”, “strategy”, “future”, “likely”, “may”,
“should”, “will” and similar references to future periods. The forward-looking statements in this presentation include the Bank’s financial
position, asset quality and profitability, among others. These forward-looking statements reflect the expectations of the Bank’s management
and are based on currently available data; however, actual performance and results are subject to future events and uncertainties, which
could materially impact the Bank’s expectations. Among the factors that can cause actual performance and results to differ materially are as
follows: the coronavirus (COVID-19) pandemic and government actions intended to limit its spread; the anticipated changes in the Bank’s
credit portfolio; the continuation of the Bank’s preferred creditor status; the impact of increasing/decreasing 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 expected credit losses; the need for additional allowance for
expected credit losses; the Bank’s ability to achieve future growth, 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 deposit withdrawals. Factors or events
that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Readers are
cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no
obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise,
except as may be required by law.
2

3. 4,963 5,138
4,681
20.1% 19.8%
21.8%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
1Q19 4Q19 1Q20
Tier 1 Ratio (Basel III)
Risk-Weighted Assets Basel III (US$ million) Tier 1 Capital Ratio (Basel III)
771
1,160
1,297
12%
16%
19%
0%
5%
10%
15%
20%
25%
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
1Q19 4Q19 1Q20
Liquid Assets Liquid Assets / Total Assets
Liquid Assets
(in US$ million)
3
Average Funding Structure
For the 1Q2020
(in US$ million)
Strong financial position evidenced by ample liquidity, stable and diversified funding sources,
robust capitalization and sound asset quality.
55% 55% 55%
10%
14%
15%
34%
31%
30%
6,006
6,502
5,832
1Q19 4Q19 1Q20
Commercial Portfolio by Client Type
(EoP Balances, US$ million)
Financial Institutions Sovereigns Corporations
Deposits,
47%
Short-term
borrowings
and debt,
25%
Med- and
Long-term
Issuances,
14%
Med- and Long-
term Borrowings,
13%
Securities sold
under repurchase
agreement, 1%
5,439

4. 4
(US$ million) 1Q20 4Q19 1Q19
Key Income Statement Highlights
Net Interest Income ("NII") $25.8 $26.9 $28.0
Fees and commissions, net $3.1 $5.4 $2.4
Total revenues $28.8 $31.4 $32.1
Reversal (impairment loss) on
financial instruments
$0.1 $1.9 ($0.9)
Operating expenses ($10.5) ($11.3) ($9.9)
Profit for the period $18.3 $22.1 $21.2
Profit generation affected by lower market rates and margins, with virtually no impact from
credit provisions, while operating expenses remained on track at stable run-rate levels.
8.6% 8.7%
7.2%
1Q19 4Q19 1Q20
ROAE Evolution

5. Average Commercial Portfolio stable QoQ while period-end balances decreased on stricter
credit underwriting parameters as COVID-19 crisis intensified.
5
The short-term nature of the portfolio and the high quality of the client
base favor the Bank’s position and flexibility in the current context.
5,567 5,586 5,660
498 658 534
6,065 6,244 6,193
1Q19 4Q19 1Q20
Commercial Portfolio byProduct
(Average Balances, US$ million)
Letters of credit, acceptances, loan commitments and financial guarantee
contracts
Loans
31%
14% 55%
45%
55%
Commercial Portfolioby Term
Medium & Long-term
Medium & Long-term
(current)*
Short-term
Short-term - Trade
Short-term - Non Trade
*Matures w ithin one year

6. Financial Institutions represent 55% and mostly constitute top-tier banks in each of their
markets. Country exposure is weighted towards investment grade countries with significant
declines in the most vulnerable economies.
55%
6%
5%
4%
4%
3%
3%
3%
3%
3%
2%
2%
2%
5%
Financial Institutions
Electric Power
Food and Beverage
Oil and Gas (Downstream)
Metal Manufacturing
Oil and Gas (Integrated)
Retail Trade
Other Services
Other Manufacturing Industries
Airlines
Oil and Gas (Upstream)
Sugar
Mining
Other Industries≤ 1%
Commercial Portfolioby Industry
31-Mar-2019
31-Mar-2020
15%
10%
9%
7%
7%
4%
3%
16%
6%
6%
5%
3%
2%
2%
2%
3%
Colombia
Chile
Mexico
Panama
Non Latam
Peru
Trinidad & Tobago
Brazil
Ecuador
Guatemala
Costa Rica
Argentina
Paraguay
Honduras
Dominican Republic
Other Latam≤ 1%
Commercial Portfolioby Country
31-Mar-2019
31-Mar-2020
Investment Grade
Countries: 55%
6
(*)
(*) Investment Grade Countries

7. Unchanged NPL balance. Total reserves remain stable QoQ since lower requirements on
reduced portfolio balances were offset by the revised outlook in the most COVID-19 sensitive
sectors.
7

8. 4.50%
3.88%
3.58%
3.35%
2.69%
2.41%
1.16%
1.18%
1.16%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
1Q19 4Q19 1Q20
Yield on Interest-Earning Assets Cost of Interest-Bearing Liabilities
Net Interest Spread
Net Interest Spread
Net Interest Income and Net Interest Margin affected by lower market rates, partly offset by
lower funding costs. Average loan balances and net lending spreads remained stable.
28.0 26.9 25.8
1.74%
1.65% 1.59%
0.10%
0.20%
0.30%
0.40%
0.50%
0.60%
0.70%
0.80%
0.90%
1.00%
1.10%
1.20%
1.30%
1.40%
1.50%
1.60%
1.70%
1.80%
1.90%
$0
$5
$10
$15
$20
$25
$30
$35
$40
1Q19 4Q19 1Q20
Net Interest Income Net Interest Margin
Net Interest Income & Margins
(In US$ million, except percentages)
5,567 5,586 5,660
1.99 1.92 1.92
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
1Q19 4Q19 1Q20
0.00
0.50
1.00
1.50
2.00
Loan Porftolio Average Balances
Average Balance ($MM) Lending Credit Spread (%) *
8
* Represents the spread over the Libor-based rate corresponding
to the tenor of the transaction of the Performing Loan Portfolio.
2,653
3,412
3,0172,952 3,073
3,571
182 374 191
-100,000
-80,000
-60,000
-40,000
-20,000
0
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
1Q19 4Q19 1Q20
Loan Originationand Maturities
Loan Origination ($MM) Loan Maturities ($MM) Loan Origination Average Term (Days)

9. 9
Higher personnel-related expenses associated to the CEO transition and to increased salary
base on vacancies filled at year-end 2019. Other operating expenses at seasonally low levels.
1Q20 4Q19 1Q19 QoQ (%) YoY (%)
Operating expenses
Salaries and other employee expenses 7.0 6.4 6.3 10% 11%
Depreciation of equipment and
leasehold improvements
0.7 0.7 0.7 0% 6%
Amortization of intangible assets 0.2 0.2 0.2 2% 16%
Other expenses 2.6 4.0 2.7 -34% -4%
Total Operating Expenses $10.5 $11.3 $9.9 -6% 7%
Total Revenues $28.8 $31.4 $32.1 -9% -10%
Efficiency Ratio 36.7% 35.9% 30.8%

10. Questions & Answers