Quarterly Financial Report

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1 Quarterly Financial Report March 31, 2014

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) gfelpeto@caf.com Antonio Recine Ph (58-212) arecine@caf.com Manuel Valdez Ph (58-212) mvaldez@caf.com Janet Rea Ph (58-212) jrea@caf.com 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 (In thousands of US$) March 31, Assets Liquidity Loan portfolio Allowance for losses Equity investments Other assets Total Assets Liabilities Deposits received Commercial paper Bonds Borrowings and other obligations Other liabilities Total Liabilities Stockholders' Equity Paid-in capital (authorized capital US$ 10,000 millions) Reserves Retained earnings and other Total Stockholders' Equity Total Liabilities and Stockholders' Equity Income Statement (In thousands of US$) For the three months ended March 31, Income Interest Other Total Income Expenses 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 March 31, Profitability ROA 0,6% 0,4% ROE 2,3% 1,5% Net Interest Margin 0,9% 0,9% Asset Quality Overdue Loans (thousands of US$) 0 0 Non-accrual loans (thousands of US$) Overdues /Loan portfolio 0,0% 0,0% Non-Accruals / Loan Portfolio 0,00% 0,05% Allowance/Loan portfolio 0,2% 0,8% Loans written-off in the year (thousands of US$) 0 0 Capitalization Gearing (times) 2,4 2,4 Leverage (times) 2,6 2,7 Liquidity Liquid Assets/ Financial Liabilities 44,2% 37,0% Liquid Assets / Total Assets 30,9% 26,1% CAF s Quarterly Financial Report 2

5 III. Details of Loan Portfolio Loan portfolio distribution by country (in US$ thousands): As of March 31, As of December 31, Argentina Bolivia Brazil Colombia Costa Rica Dominican Republic Ecuador Jamaica Mexico Panama Paraguay Peru Spain Uruguay Venezuela Total Adjustment* Total * Fair value adjustment on hedging activities Loan portfolio by country as of March 31, 2014 Peru 14,1% Paraguay 1,1% Panama 6,1% Mexico 0,9% Jamaica 0,03% Uruguay Spain 2,1% 1,1% Ecuador 14,9% Dominican Republic 1,0% Venezuela 16,2% Costa Rica 0,7% Colombia 10,4% Argentina 13,9% Brazil 7,6% Bolivia 9,8% CAF s Quarterly Financial Report 3

6 Loan portfolio distribution by institutional sector (in US$ thousands): As of March 31, As of December 31, Public Sector Private Sector Total Adjustment* Total * Fair value adjustment on hedging activities Loan portfolio by institutional sector as of March 31, 2014 Private Sector 19% Public Sector 81% CAF s Quarterly Financial Report 4

7 IV. Details of Paid-in Capital Paid-in Capital as of March 31, 2014 (in US$ thousands): ORDINARY CAPITAL Stockholders Series "A" Series "B" Series "C" Total Ordinary % Argentina ,8% Bolivia ,3% Brazil ,3% Colombia ,4% Ecuador ,3% Panama ,3% Paraguay ,7% Peru ,8% Uruguay ,6% Venezuela ,4% Chile ,7% Costa Rica ,4% Dominican Republic ,8% Jamaica ,0% Mexico ,5% Portugal ,2% Spain ,4% Trinidad & Tobago ,0% Commercial Banks ,1% Total % Paid-in capital as of March 31, 2014 Uruguay 2,6% Venezuela 18,4% Spain 4,4% Others 5,6% Argentina 8,8% Bolivia 5,3% Paraguay 1,7% Panama 2,3% Brazil 8,3% Peru 18,8% Ecuador 5,3% Colombia 18,4% CAF s Quarterly Financial Report 5

Quarterly Financial Report

Quarterly Financial Report September 30, 2009 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