XML 105 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
Common stock
 12 Months Ended
Dec. 31, 2012
Equity [Abstract]  
Common stock
16.Common stock

 

The Bank’s common stock is divided into four categories:

 

1)“Class A”; shares may only be issued to Latin American Central Banks or banks in which the state or other government agency is the majority shareholder.
2)“Class B”; shares may only be issued to banks or financial institutions.
3)“Class E”; shares may be issued to any person whether a natural person or a legal entity.
4)“Class F”; can only be issued to state entities and agencies of non-Latin American countries, including, among others, central banks and majority state-owned banks in those countries, and multilateral financial institutions either international or regional institutions.

 

The holders of “Class B” shares have the right to convert or exchange their “Class B” shares, at any time, and without restriction, for “Class E” shares, at a rate of one to one.

 

The following table provides detailed information on the Bank’s common stock activity per class for each of the years in the three-year period ended December 31, 2012:

 

(Share units) “Class A”  “Class B”  “Class E”  “Class F”  Total 
                
Authorized  40,000,000   40,000,000   100,000,000   100,000,000   280,000,000 
                     
Outstanding at January 1, 2010  6,342,189   2,584,882   27,618,545   -   36,545,616 
Conversions  -   (42,861)  42,860   -   (1)
Repurchase of common stock  -   -   (200)  -   (200)
Restricted stock issued - directors  -   -   38,115   -   38,115 
Exercised stock options - compensation plans  -   -   82,106   -   82,106 
Restricted stock units - vested  -   -   44,904   -   44,904 
Outstanding at December 31, 2010  6,342,189   2,542,021   27,826,330   -   36,710,540 
Conversions  -   (10,095)  10,095   -   - 
Restricted stock issued - directors  -   -   25,541   -   25,541 
Exercised stock options - compensation plans  -   -   325,996   -   325,996 
Restricted stock units - vested  -   -   69,865   -   69,865 
Outstanding at December 31, 2011  6,342,189   2,531,926   28,257,827   -   37,131,942 
Conversions  -   -   -   -   - 
Restricted stock issued - directors  -   -   32,317   -   32,317 
Exercised stock options - compensation plans  -   -   895,674   -   895,674 
Restricted stock units - vested  -   -   85,249   -   85,249 
Outstanding at December 31, 2012  6,342,189   2,531,926   29,271,067   -   38,145,182 

 

The following table presents information regarding shares repurchased but not retired by the Bank and accordingly classified as treasury stock:

 

(In thousands, except for share data) “Class A”  “Class B”  “Class E”   
  Shares  Amount  Shares  Amount  Shares  Amount  Shares  Amount 
Outstanding at January 1, 2010  318,140   10,708   568,010   15,655   4,548,075   103,239   5,434,225   129,602 
Repurchase of common stock  -   -   -   -   200   3   200   3 
Restricted stock issued - directors  -   -   -   -   (38,115)  (909)  (38,115)  (909)
Exercised stock options - compensation plans  -   -   -   -   (82,106)  (1,958)  (82,106)  (1,958)
Restricted stock units - vested  -   -   -   -   (44,904)  (1,071)  (44,904)  (1,071)
Outstanding at December 31, 2010  318,140   10,708   568,010   15,655   4,383,150   99,304   5,269,300   125,667 
Restricted stock issued - directors  -   -   -   -   (25,541)  (609)  (25,541)  (609)
Exercised stock options - compensation plans  -   -   -   -   (325,996)  (7,775)  (325,996)  (7,775)
Restricted stock units - vested  -   -   -   -   (69,865)  (1,666)  (69,865)  (1,666)
Outstanding at December 31, 2011  318,140   10,708   568,010   15,655   3,961,748   89,254   4,847,898   115,617 
Restricted stock issued - directors  -   -   -   -   (32,317)  (771)  (32,317)  (771)
Exercised stock options - compensation plans  -   -   -   -   (895,674)  (21,361)  (895,674)  (21,361)
Restricted stock units - vested  -   -   -   -   (85,249)  (2,033)  (85,249)  (2,033)
Outstanding at December 31, 2012  318,140   10,708   568,010   15,655   2,948,508   65,089   3,834,658   91,452