<SEC-DOCUMENT>0001144204-18-006876.txt : 20180209
<SEC-HEADER>0001144204-18-006876.hdr.sgml : 20180209
<ACCEPTANCE-DATETIME>20180209134458
ACCESSION NUMBER:		0001144204-18-006876
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20180209
FILED AS OF DATE:		20180209
DATE AS OF CHANGE:		20180209

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FOREIGN TRADE BANK OF LATIN AMERICA, INC.
		CENTRAL INDEX KEY:			0000890541
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11414
		FILM NUMBER:		18590503

	BUSINESS ADDRESS:	
		STREET 1:		BUSINESS PARK, TORRE V, PISO 5
		STREET 2:		AVENIDA LA ROTONDA
		CITY:			URBANIZACI?N COSTA DEL ESTE
		STATE:			R1
		ZIP:			000000
		BUSINESS PHONE:		5072108674

	MAIL ADDRESS:	
		STREET 1:		0819-08730
		CITY:			PANAM?
		STATE:			R1
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LATIN AMERICAN EXPORT BANK
		DATE OF NAME CHANGE:	19940829
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tv485396_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">REPORT OF FOREIGN PRIVATE ISSUER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Short Form of Press Release</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number 1-11414</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 14pt"><B>BANCO
LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of Registrant as specified in
its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 14pt"><B>FOREIGN
TRADE BANK OF LATIN AMERICA, INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Translation of Registrant&rsquo;s name
into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Business Park Torre V, Ave. La Rotonda,
Costa del Este</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">P.O. Box 0819-08730</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Panama City, Republic of Panama</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of Registrant&rsquo;s Principal
Executive Offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form 20-F <FONT STYLE="font-family: Wingdings">&#120;
</FONT>Form 40-F <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Yes <FONT STYLE="font-family: Wingdings">&#168;
</FONT>No <FONT STYLE="font-family: Wingdings">&#120;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Yes <FONT STYLE="font-family: Wingdings">&#168;
</FONT>No <FONT STYLE="font-family: Wingdings">&#120;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Date: February 9, 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: right; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: left; text-indent: 0">FOREIGN TRADE BANK OF LATIN AMERICA, INC.</TD>
    <TD STYLE="padding: 0; text-align: right; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0; text-align: left"><I>(Registrant)</I></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 45%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 8%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 30%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 17%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">By: /s/ Pierre Dulin</FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">Name: Pierre Dulin</FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">Title:&nbsp;&nbsp;&nbsp;General Manager</FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;<IMG SRC="image_001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #1F497D"><FONT STYLE="color: Black"><B>BLADEX&rsquo;S
ANNOUNCES PROFITS FOR THE FOURTH QUARTER AND FULL-YEAR 2017 OF $20.6 MILLION, OR $0.52 PER SHARE, AND $82.0 MILLION, OR $2.09
PER SHARE, RESPECTIVELY</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #1F497D"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #1F497D"><FONT STYLE="color: Black"><B>PANAMA
CITY, REPUBLIC OF PANAMA, February 9, 2018</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Banco Latinoamericano de Comercio Exterior,
S.A.</B> (NYSE: BLX, &ldquo;Bladex&rdquo;, or &ldquo;the Bank&rdquo;), a Panama-based multinational bank originally established
by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade and economic integration in the Region,
today announced its results for the fourth quarter (&ldquo;4Q17&rdquo;) and full-year (&ldquo;FY17&rdquo;) ended December 31, 2017
(&ldquo;Y/E17&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The consolidated financial information
in this document has been prepared in accordance with International Financial Reporting Standards (&ldquo;IFRS&rdquo;) as issued
by the International Accounting Standards Board (&ldquo;IASB&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="color: Black"><B>FINANCIAL SNAPSHOT</B></FONT></P>


<P STYLE="margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; color: #1F497D; font-weight: bold; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="color: Black">(US$ million,
    except percentages and per share amounts)</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2017</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2016</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">4Q17</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">3Q17</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">4Q16</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; color: #1F497D; font-weight: bold; text-align: left"><FONT STYLE="color: Black">Key Income Statement
    Highlights</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 35%; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">Total income</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="width: 10%; font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">138.3</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="width: 10%; font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">168.0</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="width: 10%; font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">34.5</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="width: 10%; font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">31.1</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="width: 10%; font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">43.2</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">Expenses:</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left; padding-left: 12px"><FONT STYLE="color: Black">Impairment loss
    from ECL on loans, loan commitments and financial guarantees contracts, and investment securities</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">9.4</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">35.1</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">0.8</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">0.7</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">17.7</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; color: #404040; font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; padding-left: 12px"><FONT STYLE="color: Black">Operating
    expenses <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal"><SUP>(1)
    (*)</SUP></FONT></FONT></TD><TD STYLE="font-size: 10pt; color: #404040; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">46.9</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">45.8</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">13.1</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">10.0</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">12.1</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left; padding-bottom: 2.5pt"><FONT STYLE="color: Black">Profit for
    the period</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">82.0</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">87.0</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">20.6</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">20.5</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">13.3</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; color: #1F497D; font-weight: bold; text-align: left"><FONT STYLE="color: Black">Profitability
    Ratios</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; color: #404040; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="color: Black">Earnings
    per Share (&quot;EPS&quot;) <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal"><SUP>(2)</SUP></FONT></FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">2.09</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">2.23</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">0.52</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">0.52</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">0.34</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; color: #404040; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="color: Black">Return
    on Average Equity (&ldquo;ROAE&rdquo;) <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal"><SUP>(3)</SUP></FONT></FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">8.0</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">8.8</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">7.9</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">7.9</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">5.3</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">Return on Average Assets (&ldquo;ROAA&rdquo;)</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.27</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.16</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.31</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.30</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">0.73</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; color: #404040; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="color: Black">Net
    Interest Margin (&quot;NIM&quot;) <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal"><SUP>(4)</SUP></FONT></FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.85</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">2.08</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.78</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.76</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">2.05</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; color: #404040; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="color: Black">Net
    Interest Spread (&quot;NIS&quot;) <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal"><SUP>(5)</SUP></FONT></FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.48</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.84</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.38</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.37</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.79</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; color: #404040; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="color: Black">Efficiency
    Ratio <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal"><SUP>(6)</SUP></FONT></FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">34</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">27</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">38</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">32</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">28</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; color: #1F497D; font-weight: bold; text-align: left"><FONT STYLE="color: Black">Assets, Capital,
    Liquidity &amp; Credit Quality</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; color: #404040; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="color: Black">Commercial
    Portfolio <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal"><SUP>(7)</SUP></FONT></FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">5,999</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">6,444</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">5,999</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">5,706</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">6,444</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">Treasury Portfolio</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">94</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">108</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">94</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">88</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">108</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">Total assets</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">6,274</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">7,181</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">6,274</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">6,200</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">7,181</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">Total stockholders' equity</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1,043</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1,011</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1,043</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1,032</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1,011</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; color: #404040; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="color: Black">Market
    capitalization <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal"><SUP>(8)</SUP></FONT></FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1,061</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1,153</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1,061</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1,159</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1,153</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; color: #404040; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="color: Black">Tier
    1 Basel III Capital Ratio <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal"><SUP>(9)</SUP></FONT></FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">21.1</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">17.9</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">21.1</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">20.3</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">17.9</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">Total assets / Total stockholders'
    equity (times)</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">6.0</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">7.1</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">6.0</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">6.0</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">7.1</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; color: #404040; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="color: Black">Liquid
    Assets / Total Assets <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal"><SUP>(10)</SUP></FONT></FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">9.9</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">14.0</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">9.9</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">12.2</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">14.0</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; color: #404040; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="color: Black">NPL
    to Loan Portfolio <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal"><SUP>(11)</SUP></FONT></FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.07</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.09</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.07</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.20</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.09</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; color: #404040; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="color: Black">Total
    allowance for ECL to Commercial Portfolio <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal"><SUP>(12)</SUP></FONT></FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.47</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.73</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.47</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">2.04</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.73</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; color: #404040; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="color: Black">Total
    allowance for ECL to NPL (times) <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal"><SUP>(12)</SUP></FONT></FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.5</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.7</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.5</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.8</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: right"><FONT STYLE="color: Black">1.7</FONT></TD><TD STYLE="font-size: 10pt; color: #404040; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><SUP>(*) </SUP>2017 and 4Q17 operating
expenses include personnel non-recurring expenses of $3.2 million, and $1.7 million, respectively.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>4Q17 &amp;
FY17 Highlights</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="color: Black"><B>Reported results:</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #1F497D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">Profit
                                         for the 4Q17 and FY17 totaled $20.6 million (+1% QoQ, +54% YoY) and $82.0 million (-6%
                                         YoY), respectively. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #1F497D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">4Q17
                                         results were positively impacted on a sequential quarterly basis by increased fees (+59%)
                                         mostly from two successfully closed syndicated transactions, offset by non-recurring
                                         and seasonally higher operating expenses (+32%), while Net Interest Income (&ldquo;NII&rdquo;)
                                         totaling $28.1 million and Net Interest Margin &ldquo;(NIM&rdquo;) of 1.78% slightly
                                         increased (+1% and +2 bps, respectively) on higher average loan book, reversing the declining
                                         trend experienced in recent quarters. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #1F497D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">YoY
                                         quarterly results benefited mostly from lower provision charges for expected credit losses
                                         (&ldquo;ECL&rdquo;) totaling $0.8 million in 4Q17 compared to $17.7 million in 4Q16,
                                         together with increased fees from letters of credit and syndication activities (+37%),
                                         which more than compensated lower NII (-25%) on lower average loan portfolio and margins.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #1F497D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">2017
                                         annual results were 6% lower, impacted by lower average loan volumes and margins, as
                                         the Bank de-risked and diversified its portfolio mix, and shortened its average loan
                                         tenors. This decline was partly compensated by a 45% increase in Net Other income on
                                         seven closed syndication transactions, increased letters of credit activity, the absence
                                         of non-core trading losses, and a decline of $25.7 million in provision charges for ECL.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #1F497D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">Total
                                         Operating expenses were up 2% for the year. Recurring operating expenses were actually
                                         down 4% YoY, as personnel changes non-recurring expenses resulted in $3.2 million in
                                         charges for 2017.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="color: Black"><B>Key performance
metrics:</B></FONT></P>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #1F497D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">2017
                                         Return on Average Equity (&ldquo;ROAE&rdquo;) stood at 8.0%, compared to 8.8% a year
                                         ago, as the result of lower profits for 2017 and strong levels of capitalization. Annualized
                                         ROAE was 7.9% in 4Q17, unchanged from the 3Q17 and up from 5.3% in 4Q16, on YoY higher
                                         profits.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #1F497D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">The
                                         Efficiency Ratio reached 38% in 4Q17 (+6 pt. QoQ, +10 pts. YoY), and 34% for FY17 (+7
                                         pts. YoY), mainly due to non-recurring operating expenses which surpassed total income
                                         improvement QoQ, and lower total income generation YoY both on a quarterly and annual
                                         basis. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #1F497D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">The
                                         Tier 1 Basel III Capital Ratio increased to 21.1% at Y/E17, compared to 20.3% in 3Q17
                                         and 17.9% at Y/E16, reflecting higher levels of capitalization with risk-weighted assets
                                         flat QoQ and down 13% YoY.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="color: Black"><B>Commercial Portfolio
&amp; Quality:</B></FONT></P>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #1F497D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">Commercial
                                         Portfolio resumed growth in 4Q17 with EoP balances reaching $6.0 billion at Y/E17 (+5%
                                         QoQ, -7% YoY), and 4Q17 average balances totaling $5.8 billion (+3% QoQ, -12% YoY) as
                                         credit demand recovered lately across the Region with higher volume of origination, while
                                         still down YoY on the Bank&rsquo;s focus of de-risking throughout 2017. FY17 average
                                         balances reached $5.9 billion (-14% YoY).</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #1F497D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">Credit
                                         quality improved to 1.07% of Loan Portfolio balances at Y/E17, vs. 1.20% in 3Q17 and
                                         1.09% at Y/E16, as non-performing loans (&ldquo;NPL&rdquo;) decreased to $58.8 million
                                         at Y/E17, as the net result of write-offs against existing individually allocated reserves,
                                         a NPL collection and a credit exposure migration to NPL from underperforming. </FONT></TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: white"><FONT STYLE="color: Black"><B>CEO&rsquo;s Comments</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: white"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mr. Rubens V. Amaral Jr., Bladex&rsquo;s
Chief Executive Officer, stated the following regarding the Bank&rsquo;s 4Q17 and FY17 results: &ldquo;<I>2017 proved yet another
challenging year for Bladex. Nevertheless, the fourth quarter has confirmed the positive trends of our business as alluded to in
the third quarter&rsquo;s earnings release. We increased the end-of-period portfolio balances reversing a stretch of declining
activity in previous quarters. Fee income increased in 2017, and we delivered a ROE of 8.0% for the year. The projections for 2018
for economic growth in Latin America have been revised up by the World Bank and the IMF which bodes well for our business this
year. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Our credit quality remains resilient,
with NPL levels reduced to 1.07% of total loans at the end of the year, as the Bank continued to finalize agreements on a limited
number of exposures that have been closely monitored and had undergone restructuring negotiations for several quarters. During
the fourth quarter, the Bank successfully collected a remaining deteriorated exposure in Panama, and wrote off certain non-performing
exposures against existing specific provisions. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>On the other hand, we have adjusted
the size of the Bank to reflect the reality of our business, and our determination to improve productivity and efficiency across
the organization. This organizational restructuring produced a non-recurring impact on our operating expenses in the fourth quarter
related to severance costs. We are confident that with a leaner organization and more efficient processes we have positioned the
Bank to achieve our target of excellence throughout the organization, setting the basis to return to higher levels of profitability.
</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Our Board of Directors approved to maintain
a dividend of US$ 0.385 for the fourth quarter confirming their favorable view of our financial strength and our ability to resume
portfolio growth with sustainable double-digit ROEs moving forward. The Bank has a cleaner and stronger balance sheet and has left
behind a negative credit cycle which impacted our financial performance in the last two years, and it is ready to resume growth
on a sustainable basis.</I>&rdquo; Mr. Amaral concluded.</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="color: Black"><B>RECENT EVENTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; color: Black">&sect;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black"><B>Quarterly
                                         dividend payment:</B> At a meeting held January 16, 2018, the Bank&rsquo;s Board of Directors
                                         approved a quarterly common dividend of $0.385 per share corresponding to the fourth
                                         quarter 2017. The dividend will be paid on February 21, 2018, to stockholders registered
                                         as of February 2, 2018.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="color: Black"><B>&nbsp;&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="color: Black"><B>Notes: </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">Numbers
                                         and percentages set forth in this earnings release have been rounded and accordingly
                                         may not total exactly.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">QoQ
                                         and YoY refer to quarter-on-quarter and year-on-year variations, respectively. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;<B>&nbsp;&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="color: Black"><B>Footnotes:</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="color: Black">&nbsp;</FONT></P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Total
                                         operating expenses includes the following expenses line items of the consolidated statements
                                         of profit or loss: salaries and other employee expenses, depreciation of equipment and
                                         leasehold improvements, amortization of intangible assets, and other expenses.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Earnings
                                         per Share (&ldquo;EPS&rdquo;) calculation is based on the average number of shares outstanding
                                         during each period.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">ROAE
                                         refers to return on average stockholders&rsquo; equity which is calculated on the basis
                                         of unaudited daily average balances.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">4)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">NIM
                                         refers to net interest margin which constitutes to net interest income divided by the
                                         average balance of interest-earning assets.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">5)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">NIS
                                         refers to net interest spread which constitutes the average yield earned on interest-earning
                                         assets, less the average yield paid on interest-bearing liabilities.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">6)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Efficiency
                                         Ratio refers to consolidated operating expenses as a percentage of total income.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">7)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">The
                                         Bank&rsquo;s &ldquo;Commercial Portfolio&rdquo; includes gross loans (or the &ldquo;Loan
                                         Portfolio&rdquo;), loan commitments and financial guarantee contracts, such as confirmed
                                         and stand-by letters of credit, and guarantees covering commercial risk; and other assets
                                         consisting of customers&rsquo; liabilities under acceptances.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">8)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Market
                                         capitalization corresponds to total outstanding common shares multiplied by market close
                                         price at the end of each corresponding period.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">9)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Tier
                                         1 Capital is calculated according to Basel III capital adequacy guidelines, and is equivalent
                                         to stockholders&rsquo; equity excluding certain effects such as the OCI effect of the
                                         financial instruments at fair value through OCI. Tier 1 Capital ratio is calculated as
                                         a percentage of risk-weighted assets. Risk-weighted assets are estimated based on Basel
                                         III capital adequacy guidelines.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">10)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Liquid
                                         assets refer to total cash and cash equivalents, consisting of cash and due from banks,
                                         and interest-bearing deposits in banks, excluding pledged deposits and margin calls.
                                         Liquidity ratio refers to liquid assets as a percentage of total assets.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">11)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Loan
                                         Portfolio refers to loans, gross of the allowance for expected credit losses and unearned
                                         interest and deferred fess.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">12)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Total
                                         allowance for ECL refers to allowance for expected credit losses on loans plus allowance
                                         for expected credit losses on loan commitments and financial guarantee contracts.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="color: Black"><B>SAFE HARBOR STATEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="border: navy 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>This
press release contains forward-looking statements of expected future developments. The Bank wishes to ensure that such statements
are accompanied by meaningful cautionary statements pursuant to the safe harbor established by the Private Securities Litigation
Reform Act of 1995. The forward-looking statements in this press release refer to the growth of the credit portfolio, including
the trade portfolio, the increase in the number of the Bank&rsquo;s corporate clients, the positive trend of lending spreads,
the increase in activities engaged in by the Bank that are derived from the Bank&rsquo;s client base, anticipated operating profit
and return on equity in future periods, including income derived from the Treasury Business Segment, the improvement in the financial
and performance strength of the Bank and the progress the Bank is making. These forward-looking statements reflect the expectations
of the Bank&rsquo;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&rsquo;s expectations. Among the factors
that can cause actual performance and results to differ materially are as follows: the anticipated growth of the Bank&rsquo;s
credit portfolio; the continuation of the Bank&rsquo;s preferred creditor status; the impact of increasing/decreasing interest
rates and of the macroeconomic environment in the Region on the Bank&rsquo;s financial condition; the execution of the Bank&rsquo;s
strategies and initiatives, including its revenue diversification strategy; the adequacy of the Bank&rsquo;s allowance for expected
credit losses; the need for additional allowance for expected credit losses; the Bank&rsquo;s ability to achieve future growth,
to reduce its liquidity levels and increase its leverage; the Bank&rsquo;s ability to maintain its investment-grade credit ratings;
the availability and mix of future sources of funding for the Bank&rsquo;s lending operations; potential trading losses; the possibility
of fraud; and the adequacy of the Bank&rsquo;s sources of liquidity to replace deposit withdrawals. </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="color: Black"><B>&nbsp;&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="color: Black"><B>ABOUT BLADEX</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">Bladex, a multinational
bank originally established by the central banks of Latin-American and Caribbean countries, initiated operations in 1979 to promote
foreign trade finance and economic integration in the Region. The Bank, headquartered in Panama, operates throughout the Region
with offices in Argentina, Brazil, Colombia, Mexico, Peru, and the United States of America, to support the expansion and servicing
of its client base, which includes financial institutions and corporations. Through December 31, 2017, Bladex had disbursed accumulated
credits of approximately $258 billion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">Bladex is listed
on the NYSE in the United States of America (NYSE: BLX), since 1992, and its shareholders include central banks, state-owned banks
and entities representing 23 Latin American countries, as well as commercial banks and financial institutions, institutional and
retail investors through its public listing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="color: Black"><B>CONFERENCE CALL
INFORMATION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">There will
be a conference call to discuss the Bank&rsquo;s quarterly results on Friday, February 9, 2018 at 11:00 a.m. New York City time
(Eastern Time). For those interested in participating, please dial (800) 311-9401 in the United States or, if outside the United
States, (334) 323-7224. Participants should use conference ID# 8034, and dial in five minutes before the call is set to begin.
There will also be a live audio webcast of the conference at http://www.bladex.com. The webcast presentation is available for
viewing and downloads on http://www.bladex.com.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">The conference
call will become available for review on Conference Replay one hour after its conclusion, and will remain available for 60 days.
Please dial (877) 919-4059 or (334) 323-0140, and follow the instructions. The replay passcode is: 97587848.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">For more information, please access
http://www.bladex.com or contact:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">Mrs. Ana Graciela de M&eacute;ndez</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">Chief Financial Officer</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">Tel: +507 210-8563</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">E-mail address: amendez@bladex.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">Mrs. Irma Garrido Arango</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SVP, Corporate Development and Investor Relations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Tel: +507 210-8559</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">E-mail address: igarrido@bladex.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Bladex</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Business Park Torre V, Piso 5</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Avenida La Rotonda, Urbanizaci&oacute;n Costa del Este</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Panama City, Panama</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;<IMG SRC="image_003.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
