Exhibit 8.1
Subsidiaries of Banco Latinoamericano de Comercio Exterior, S.A.
| Name of Subsidiary | Jurisdiction of Incorporation | |
| Bladex Holdings Inc. | United States | |
| Bladex Representação Ltda. | Brazil | |
| Bladex Development Corp. | Panama | |
| BLX Soluciones, S.A. de C.V., SOFOM, E.N.R. | Mexico |