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Deposits

12 Months Ended

Dec. 31, 2011

11.

Deposits

The remaining maturity profile of the Bank’s deposits is as follows:

(In thousands of US$)	December 31,
	2011		2010
Demand		67,586		100,352
Up to 1 month		1,474,088		1,173,415
From 1 month to 3 months		402,472		286,806
From 3 months to 6 months		196,016		143,352
From 6 months to 1 year		151,800		117,000
From 2 years to 5 years		11,544		-
		2,303,506		1,820,925

The following table presents additional information about deposits:

(In thousands of US$)	December 31,
	2011		2010
Aggregate amounts of time deposits of $100,000 or more		2,233,044		1,720,106
Aggregate amounts of deposits in offices outside Panama		220,340		221,185
Interest expense paid to deposits in offices outside Panama		983		2,746

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

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