Quarterly Financial Report

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1 Quarterly Financial Report September 30, 2009

2 Table of Contents I. Financial Statements 1 Balance Sheet Income Statements II. Main Financial Ratios 2 III. Details of Loan Portfolio 3 IV. Details of Paid-in Capital 5 For further information, please visit our web site at: Contacts : Gabriel Felpeto Ph (58-212) Antonio Recine Ph (58-212) Melissa Contreras Ph (58-212) DISCLAIMER THE FOLLOWING FINANCIAL STATEMENTS FOR THE PERIOD STATED THEREIN ARE FOR GENERAL INFORMATION PURPOSES ONLY. THE AFOREMENTIONED STATEMENTS HAVE NOT BEEN INDEPENDENTLY AUDITED NOR APPROVED BY CORPORACIÓN ANDINA DE FOMENTO S BOARD OF DIRECTORS. AS SUCH, SAID FINANCIAL STATEMENTS MAY MATERIALLY CHANGE. CORPORACIÓN ANDINA DE FOMENTO ( CAF ) DOES NOT EXPRESS ANY OPINION AS TO THE STATEMENTS THEMSELVES OR THE RESULTS THEREIN. ADDITIONALLY, CAF DOES NOT GUARANTE IN ANY MANNER THE ACCURACY OF THE CONTENTS THEREIN AND DOES NOT TAKE ANY RESPONSIBILITY FOR THEIR USE. NOTHING IN THIS DOCUMENT SHALL BE INTERPRETED AS A WAIVER OF THE IMMUNITIES AND PRIVILEGES GRANTED TO CAF BY ANY OF ITS SHAREHOLDER COUNTRIES.

3 I. Financial Statements (unaudited) Balance Sheet Assets Liquidity Loan portfolio Allowance for losses Equity investments Other assets Total Assets Liabilities Deposits received Commercial paper Advances and short-term loans Bonds Borrowings and other obligations Other liabilities Total Liabilities Stockholders' Equity (In thousands of US$) September 30, Paid-in capital (authorized capital US$ 10,000 millions) Reserves Retained earnings and other Total Stockholders' Equity Total Liabilities and Stockholders' Equity Income Statement Income Interest Other Total Income Expenses (In thousands of US$) For the nine months ended September 30, Interest Provisions Administrative Other Total Expenses Innefectiveness arising from fair value hedges and other changes in fair value Net Income CAF s Quarterly Financial Report 1

4 II. Main Financial Ratios (based on unaudited interim figures) As of September 30, Profitability ROA 1,9% 2,6% ROE 5,9% 8,0% Net Interest Margin 2,5% 2,7% Asset Quality Overdue Loans (thousands of US$) 0 0 Non-accrual loans (thousands of US$) 0 0 Overdues /Loan portfolio 0,0% 0,0% Non-Accruals / Loan Portfolio 0,0% 0,0% Allowance/Loan portfolio 1,3% 1,4% Loans written-off in the year (thousands of US$) 0 0 Capitalization Gearing (times) 2,2 2,3 Leverage (times) 2,0 2,1 BIS Capitalization 40,0% 39,4% Liquidity Liquid Assets/ Financial Liabilities 38,1% 36,6% Liquid Assets / Total Assets 25,0% 24,3% * Note: BIS Capitalization ratio uses Basel II methodology. CAF s Quarterly Financial Report 2

5 III. Details of Loan Portfolio Loan portfolio distribution by country (in US$ thousands): As of September 30, As of December 31, Argentina Bolivia Brazil Colombia Costa Rica Ecuador Panama Paraguay Peru Dominican Republic Uruguay Venezuela Total Adjustment* Total * Fair value adjustment on hedging activities Loan portfolio by country as of September 30, 2009 Costa Rica 1,3% Colombia 13,1% Ecuador 19,3% Panama 1,1% Paraguay 0,3% Peru 16,1% Dominican Republic 0,7% Uruguay 5,1% Brazil 8,3% Bolivia 10,5% Argentina 7,8% Venezuela 16,3% CAF s Quarterly Financial Report 3

6 Loan portfolio distribution by institutional sector (in US$ thousands): As of September 30, As of December 31, Public Sector Private Sector Total Adjustment* Total * Fair value adjustment on hedging activities Loan portfolio by institutional sector as of September 30, 2009 Private Sector 19,2% Public Sector 80,8% CAF s Quarterly Financial Report 4

7 IV. Details of Paid-in Capital Paid-in Capital as of September 30, 2009 (in US$ thousands): ORDINARY CAPITAL Stockholders Series "A" Series "B" Series "C" Total ordinary % Bolivia ,4% Colombia ,4% Ecuador ,4% Peru ,5% Venezuela ,5% Argentina ,8% Brazil ,6% Chile ,9% Costa Rica ,6% Dominican Republic ,0% Jamaica ,0% Mexico ,8% Panama ,8% Paraguay ,3% Spain ,6% Trinidad & Tobago ,1% Uruguay ,2% Commercial Banks ,1% Total ,0% Paid-in capital as of September 30, 2009 Argentina 3,8% Brazil 6,6% Chile 0,9% Others 8,4% Bolivia 6,4% Colombia 22,4% Venezuela 22,5% Peru 22,5% Ecuador 6,4% CAF s Quarterly Financial Report 5

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