Bladex Partners with Identrus to Deliver Digital Identity Solutions to Latin America and the Caribbean

October 19, 2005

NEW YORK, Oct. 19 /PRNewswire-FirstCall/ -- Bladex (NYSE: BLX) and
Identrus, a global provider of trusted identity solutions, today announced an
agreement to distribute digital certificates and identity credential solutions
throughout Latin America and the Caribbean ("LAC"). Bladex will exclusively
lead the adoption of Identrus digital certificates and Identrus-based
applications throughout the LAC market to meet the growing need of financial
institutions, governments and commercial entities for ensuring that electronic
transactions are secure. Identrus will provide Bladex with its PKI technology
and supporting infrastructure requirements. This partnership is a critical
step towards achieving a common, globally ubiquitous standard of identity
authentication that is supported by the Identrus network.
    "Bladex is pleased to add Identrus' state-of-the-art solutions to bring
the LAC region up to global standards for authenticating transactions. Our
clients will now have access to Identrus' worldwide network for trusted
identity credentials that provide a legal and technological framework for
using identities," stated Bladex Chief Executive Officer Jaime Rivera. He
added, "This agreement marks a major step in our strategy for increasing our
product offering and capitalizing on our regional distribution capabilities to
generate additional fee income."
    "Identrus is excited to partner with Bladex to bring digital identity
solutions to the LAC region. Bladex's strong reputation and extensive
distribution network are a logical choice for Identrus to expand its presence
to a region that can benefit from security-rich solutions for electronic
transactions," said Karen Wendel, CEO, Identrus. "Banking and financial
services customers face many new security threats including identity theft and
fraud. Strong authentication infrastructures, like Identrus, can be a ready-
aid to banks in preventing fraud and developing new services for customers."
    Organizations around the world now require a common and secure identity
standard to truly verify their counterparties, protect customer information
and enable electronic transactions. Identrus' digital certificates, combined
with identity credential solutions, create the strongest level of trust
required by trading communities. Leveraging Identrus' established policy
structure and network, Bladex's customers will be able to quickly deploy
identity management solutions without the need for additional policies and
procedures.
    To distribute Identrus' product offering, as well as similar technology
solutions and services, Bladex is forming a new, wholly owned subsidiary named
Clavex. Clavex intends to deliver world-class solutions and technologies to
Bladex's clients. Clavex will leverage Bladex's expertise and relationships to
become the delivery channel of choice for world-class solutions in the region.
Identrus will be the flagship offering of Clavex.

    About Bladex
    Bladex is a supranational bank originally established by the Central Banks
of Latin America and Caribbean countries to promote trade finance in the
Region. Based in Panama, its shareholders include central and state-owned
entities in 23 countries of the Region, as well as Latin American and
international commercial banks, and institutional and retail investors.
Additional information is available at http://www.blx.com .

    About Identrus, Inc.
    Identrus™ is a global solutions company that secures interactions where
identity is critical. As the only government regulated, bank-built identity
company, Identrus provides a worldwide network for trusted identity
credentials based on global standards. Identrus' proven solutions provide a
legally and technologically interoperable environment for using identities.
The Identrus platform provides the legal and technical infrastructure for
financial institutions, governments and commercial entities to effectively
manage the risks associated with identity authentication, and enables these
organizations to develop business applications and value-added services for
their customers. Identrus partners with systems integrators, software
developers, smart card and token providers, as well as experts on identity
management, security and fraud to help organizations achieve greater
application security and meet their e-business objectives. Identrus membership
consists of the world's leading financial institutions spanning 160 countries.
Additional information about the company is available at
http://www.identrus.com .
NEW YORK, Oct. 19 /PRNewswire-FirstCall/ -- Bladex (NYSE: BLX) and
Identrus, a global provider of trusted identity solutions, today announced an
agreement to distribute digital certificates and identity credential solutions
throughout Latin America and the Caribbean ("LAC"). Bladex will exclusively
lead the adoption of Identrus digital certificates and Identrus-based
applications throughout the LAC market to meet the growing need of financial
institutions, governments and commercial entities for ensuring that electronic
transactions are secure. Identrus will provide Bladex with its PKI technology
and supporting infrastructure requirements. This partnership is a critical
step towards achieving a common, globally ubiquitous standard of identity
authentication that is supported by the Identrus network.
    "Bladex is pleased to add Identrus' state-of-the-art solutions to bring
the LAC region up to global standards for authenticating transactions. Our
clients will now have access to Identrus' worldwide network for trusted
identity credentials that provide a legal and technological framework for
using identities," stated Bladex Chief Executive Officer Jaime Rivera. He
added, "This agreement marks a major step in our strategy for increasing our
product offering and capitalizing on our regional distribution capabilities to
generate additional fee income."
    "Identrus is excited to partner with Bladex to bring digital identity
solutions to the LAC region. Bladex's strong reputation and extensive
distribution network are a logical choice for Identrus to expand its presence
to a region that can benefit from security-rich solutions for electronic
transactions," said Karen Wendel, CEO, Identrus. "Banking and financial
services customers face many new security threats including identity theft and
fraud. Strong authentication infrastructures, like Identrus, can be a ready-
aid to banks in preventing fraud and developing new services for customers."
    Organizations around the world now require a common and secure identity
standard to truly verify their counterparties, protect customer information
and enable electronic transactions. Identrus' digital certificates, combined
with identity credential solutions, create the strongest level of trust
required by trading communities. Leveraging Identrus' established policy
structure and network, Bladex's customers will be able to quickly deploy
identity management solutions without the need for additional policies and
procedures.
    To distribute Identrus' product offering, as well as similar technology
solutions and services, Bladex is forming a new, wholly owned subsidiary named
Clavex. Clavex intends to deliver world-class solutions and technologies to
Bladex's clients. Clavex will leverage Bladex's expertise and relationships to
become the delivery channel of choice for world-class solutions in the region.
Identrus will be the flagship offering of Clavex.

    About Bladex
    Bladex is a supranational bank originally established by the Central Banks
of Latin America and Caribbean countries to promote trade finance in the
Region. Based in Panama, its shareholders include central and state-owned
entities in 23 countries of the Region, as well as Latin American and
international commercial banks, and institutional and retail investors.
Additional information is available at http://www.blx.com .

    About Identrus, Inc.
    Identrus™ is a global solutions company that secures interactions where
identity is critical. As the only government regulated, bank-built identity
company, Identrus provides a worldwide network for trusted identity
credentials based on global standards. Identrus' proven solutions provide a
legally and technologically interoperable environment for using identities.
The Identrus platform provides the legal and technical infrastructure for
financial institutions, governments and commercial entities to effectively
manage the risks associated with identity authentication, and enables these
organizations to develop business applications and value-added services for
their customers. Identrus partners with systems integrators, software
developers, smart card and token providers, as well as experts on identity
management, security and fraud to help organizations achieve greater
application security and meet their e-business objectives. Identrus membership
consists of the world's leading financial institutions spanning 160 countries.
Additional information about the company is available at
http://www.identrus.com .
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