Notice of Revocation of Authorization for the Establishment in National Territory of Banco Latinoamericano de Comercio Exterior, S.A., Representation Office in Mexico, Monterrey, N.L.

DOF: 04/05/2017

OFFICIAL LETTER through which the revocation of the authorization for the establishment in national territory of Banco Latinoamericano de Comercio Exterior, S.A., Representation Office in Mexico, Monterrey, N.L. is made known.

At the margin, a seal with the National Coat of Arms, which reads: United Mexican States.- Ministry of Finance and Public Credit.- National Banking and Securities Commission.- Vice Presidency of Normativity.- Vice Presidency of Supervision of Groups and Financial Intermediaries B.- Official Letter No.: 310-14439/2017.-

File No.: CNBV.312.211.23 (5893).

Subject:

Closure of your Representation Office in

Monterrey, Nuevo León, as well as revocation

of the authorization for its establishment.

BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.

Pedregal No. 24, Floor 14, Lomas Virreyes

Col. Molino del Rey, Miguel Hidalgo Municipality

C.P. 11040, Mexico City

TO: MR. ALEJANDRO BARRIENTOS SERRANO

Representative

We refer to your writing submitted on January 16, 2017, through which you notified this Commission of the definitive closure of Banco Latinoamericano de Comercio Exterior, S.A., Representation Office in Mexico, Monterrey, N.L. and, consequently, requested the revocation of the corresponding authorization.

BACKGROUND

SINGLE.-

Through official letter 312-3/33152/2010 dated September 21, 2010, the National Banking and Securities Commission communicated to Banco Latinoamericano de Comercio Exterior, S.A., the agreement adopted by its Board of Government in a session held on August 30, 2010,

consisting of authorizing Banco Latinoamericano de Comercio Exterior, S.A. to establish a representation office in national territory, with headquarters in the city

of Monterrey, Nuevo León, under the name " Banco Latinoamericano de Comercio

Exterior, S.A., Representation Office in Mexico, Monterrey, N.L. " .

Taking into account the background stated above and considering that the request and documentation presented comply with the applicable provisions, this Commission, based on what is established in the Fifteenth, fraction VI of the " Rules for representation offices of foreign financial entities " , published in the Official Gazette of the Federation on December 31, 2014, has resolved to authorize the closure of Banco

Latinoamericano de Comercio Exterior, S.A., Representation Office in Mexico, Monterrey, N.L.

As a consequence of the foregoing and based on the aforementioned Fifteenth Rule, the

members of the Board of Government of this Commission, in a session held on April 3, 2017, adopted the

following:

AGREEMENT

" TWENTY-EIGHTH.- The members of the Board of Government, based on article 12, fraction

XV of the Law of the National Banking and Securities Commission, in relation to article 7 of the Law of Credit Institutions and the Fifteenth, fraction VI of the Rules for representation offices of

foreign financial entities, taking into consideration the favorable opinion issued by the Committee of

Authorizations of the National Banking and Securities Commission in its session held on March 21,

2017, unanimously approved the revocation of the authorization for the establishment in national territory

of Banco Latinoamericano de Comercio Exterior, S.A., Representation Office in Mexico, Monterrey, N.L.,

granted by the National Banking and Securities Commission through official letter 312-3/33152/2010 dated September 21,

2010, as a consequence of its closure. "

This official letter is issued based on articles 12, 15, fraction VIII, in relation to 19,

fractions I, subsection f), III and last paragraph and 40, fractions I and VII of the Internal Regulations of the

National Banking and Securities Commission, published in the Official Gazette of the Federation on November 12, 2014; and

1, fraction VI, 11, fraction I, subsections 1) and 3) and 36, fraction I, subsection 1) of the Agreement by which the President of the

National Banking and Securities Commission delegates powers to the Vice Presidents, General Directors

and

Assistant General Directors of the same Commission, published in the aforementioned Official Gazette on November 30,

2015.

Respectfully,

Mexico City, April 5, 2017. - The Vice President of Normativity, Arcelia Olea Leyva.-

Signature.- The Vice President of Supervision of Groups and Financial Intermediaries B, Ricardo Medina

Álvarez.- Signature.

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