The focus for 2008 will be on three complementary objectives: the consolidation of our lending platform for corporate borrowers, with particular emphasis on expanding to smaller-sized companies; broadening Bladex's participation in the entire value chain of foreign-trade related activities in the Region; and improving the profitability and capital-efficiency of our commercial porfolio.

To achieve this, we will continue to refine our rigorous portfolio management techniques, and to further exploit our capacities in Leasing, Structuring, and Vendor Financing. Our new Factoring initiative will reinforce our expansion in favor of small and medium sized borrowers, with an eye on preserving the high quality of our portfolio. With these objectives, Bladex reaffirms its commitment to be the premier provider of integrated trade finance solutions in Latin America and the Caribbean.