FOREIGN TRADE BANK OF LATIN AMERICA, INC.

Proxy Statement for the 2026 Annual Meeting of ShareholdersTo be held on April 21, 2026

This Proxy Statement is being furnished to holders of shares of common stock of Banco Latinoamericano de Comercio Exterior,

S.A. (hereinafter called “Bladex” or the “Bank”) in connection with the solicitation by the Board of Directors of the Bank (the

“Board”) of proxies to be used at the 2026 Annual Meeting of Shareholders (the “Annual Meeting”) to be held virtually via

www.virtualshareholdermeeting.com/BLX2026, on Tuesday April 21, 2026 at 11:30 a.m. (Panama time), and at any

postponements or adjournments thereof. Unless the context otherwise requires, all references to the Annual Meeting in this Proxy

Statement will mean the Annual Meeting and any postponements or adjournments thereof. References to “$” are to United States

dollars.

The Annual Meeting has been called for the following purposes:

The Board recommends that all shareholders vote FOR each of Proposal 1, Proposal 2 and Proposal 5. With respect to Proposal

3, the Board recommends that (i) all holders of the Class A shares (“Class A Shareholders”) vote FOR granting proxy holders the

discretion to vote, in accordance with their best judgment, for any Class A Directors nominated at the Annual Meeting, and (ii) all

holders of the Class E shares (“Class E Shareholders”) vote FORJulianne Canavaggio as director to represent the holders of

Class E shares of the Bank’s common stock. With respect to Proposal 4, the Board recommends that all shareholders vote FOR

the approval, on an advisory basis, of the compensation of the Bank’s named executive officers as disclosed in “Compensation of

Executive Officers and Directors” and the related narrative disclosure included elsewhere in this Proxy Statement. This Proxy

Statement is being mailed to shareholders entitled to vote at the Annual Meeting on or about March 21, 2026. If the enclosed

proxy card is properly executed and returned to the Bank in time to be voted at the Annual Meeting, the shares represented

thereby will be voted in accordance with the instructions marked thereon. Shareholders shall have the option to use the Internet,

telephone or mail to vote their proxy in accordance with the instructions provided in their proxy cards. The participation of a

shareholder at the Annual Meeting will not automatically revoke that shareholder’s proxy. Shareholders may, however, revoke a

proxy at any time prior to its exercise by delivering to the Bank a duly executed proxy bearing a later date, by attending the

Annual Meeting and voting in person, or by providing written notice of revocation to the Secretary of the Bank at Torre V,

Business Park, Avenida La Rotonda, Urbanización Costa del Este, P.O. Box 0819-08730, Panama City, Republic of Panama.

Unless revoked or unless contrary instructions are given (either by voting in person or by subsequent proxy), if a proxy is duly

signed, dated and returned, but has no indication of how the applicable shareholder wants to vote with respect to any of the

proposals set forth in such proxy, then such proxy will be deemed to grant authorization to vote as follows: (1) FOR Proposal 1 to

approve the Bank’s audited consolidated financial statements for the fiscal year ended December 31, 2025; (2) FOR Proposal 2

to ratify the appointment of KPMG as the Bank’s independent registered public accounting firm for the fiscal year ending

December 31, 2026; (3) FOR Proposal 3 to grant proxy holders the discretion to vote, in accordance with their best judgment, to

elect Julianne Canavaggio as director to represent the Class E Shareholder;(4) FOR Proposal 4 to approve, on an advisory

basis, the compensation of the Bank’s named executive officers as disclosed in “Compensation of Executive Officers and

Directors”; FOR Proposal 5 amend Article 1 of the Bank’s Articles of Incorporation to change the name of the Bank from Banco

Latinoamericano de Comercio Exterior, S.A. to Bladex, Inc., (Proposal 5); and (6) in accordance with the best judgment of the

proxy holders with respect to any other matters which may properly come before the Annual Meeting.

To reduce the expense of delivering duplicate proxy materials to our shareholders, we will be delivering only one set of proxy

materials to multiple shareholders who share an address unless we receive contrary instructions from any shareholder at that

address. This practice, known as “householding,” reduces duplicate mailings, saving printing and postage costs as well as natural

resources. Each shareholder retains a separate right to vote on all matters presented at the Annual Meeting. If such a

shareholder wishes to receive a separate set of proxy materials, the additional copy can be requested by contacting the Secretary

of the Bank at Torre V, Business Park, Avenida La Rotonda, Urbanización Costa del Este, P.O. Box 0819-08730, Panama City,

Republic of Panama. A separate set of proxy materials will be sent promptly following receipt of the request. If such shareholder

wishes to receive a separate set of proxy materials in the future, the request may be made at the same address provided above.

Solicitation

The cost of soliciting proxies will be borne by the Bank. In addition to the solicitation of proxies by mail, the Bank, through its

directors, officers and other employees, may solicit proxies in person or by telephone, fax or e-mail. The Bank will also request

persons, firms and corporations holding shares in their names or in the names of nominees, which are beneficially owned by

others, to send the proxy material to, and obtain proxies from, such beneficial owners and will reimburse such holders for their

reasonable expenses in doing so. The Bank may engage a proxy soliciting firm to assist in the solicitation of proxies. The cost of

the services provided by such firm is not expected to exceed $10,500, plus out-of-pocket expenses.

Voting, Outstanding Shares and Quorum

The Board of Directors established March 16, 2026 as our record date. Therefore, only shareholders of record of our common

stock at the close of business on March 16, 2026 (the “Record Date”), may vote, either in person or by proxy, at the Annual

Meeting. The shares of the Bank that entitle the holders of such shares to vote at the Annual Meeting consist of the Class A

shares, Class B shares, and Class E shares, with each share entitling its owner to one vote per share at meetings of the

shareholders of the Bank, except with respect to the election of directors.

For the election of directors, the votes of the holders of each class of shares of the Bank’s common stock will be counted

separately as a class to elect the director(s) that represent such class.

The holders of each class of common stock have cumulative voting rights with respect to the election of directors, which means

that the shareholders of each class have a number of votes equal to the number of shares of such class held by each

shareholder, multiplied by the number of directors to be elected by such class. A shareholder can cast all of its votes in favor of

one candidate, or distribute them among the directors to be elected, as the shareholder may decide. The candidates who receive

the most favorable votes are elected as directors.

The presence (in person or by proxy) of the holders of at least one half (½) of the total issued and outstanding shares of all

classes of the Bank’s common stock, plus one additional share of the Bank’s common stock, is necessary to constitute a quorum

at the Annual Meeting. The presence (in person or by proxy) of the holders of at least one half (½) of the issued and outstanding

shares of each class of the Bank’s common stock electing directors at the Annual Meeting, plus one additional share of each

such class, is necessary to constitute a quorum at the Annual Meeting for the purpose of electing such directors. If a quorum is

not attained at the Annual Meeting on Tuesday, April 21, 2026, at 11:00 a.m. (Panama time), then a second meeting will be held

at 11:30 a.m. (Panama time) on Wednesday, April 22, 2026 with the shareholders present (in person or by proxy) at such second

meeting. At such second meeting, a quorum will be constituted by the shareholders present (in person or by proxy) at such

meeting; and for the purpose of electing directors, a quorum will be constituted by the shareholders of each separate class of

shares present (in person or by proxy) at such meeting.

As of December 31, 2025, there were issued and outstanding an aggregate of 37,230,208 shares of all classes of the Bank’s

common stock. Set forth below is the number of shares of each class of the Bank’s common stock issued and outstanding as of

December 31, 2025:

As of December 31, 2025, the Bank was not directly or indirectly owned or controlled by another corporation or any foreign

government, and no person was the registered owner of more than 5.3% of the total outstanding shares of voting capital stock of

the Bank.

The following table sets forth information regarding the Bank’s shareholders that were the beneficial owners of 5% or more of any

one class of the Bank’s voting stock, as of December 31, 2025:

(1)Source: Schedule 13G/A filing with the U.S. Securities and Exchange Commission dated February 12, 2026.

(2)Source: Schedule 13G/A filing with the U.S. Securities and Exchange Commission dated January 21, 2026.