XML 122 R16.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Allowance for credit losses | 12 Months Ended
--- | ---
Dec. 31, 2013
Receivables [Abstract] |
Allowance For Credit Losses [Text Block] |
9. | Allowance for credit losses
The Bank classifies the allowance for credit losses into two components as follows:
| a) | Allowance for loan losses:
(In thousands of US$) |  | Year ended December 31, 2013 |
|  | Corporations |  | Banking and financial institutions |  | Middle- market companies |  | Sovereign |  | Total |
Balance at beginning of the year |  | 32,488 |  | 28,836 |  | 10,887 |  | 765 |  | 72,976 |
Provision (reversal of provision) for loan losses |  | (972) |  | 656 |  | (518) |  | (764) |  | (1,598) |
Loan recoveries and other |  | - |  | 1,373 |  | - |  | - |  | 1,373 |
Loans written-off |  | - |  | - |  | - |  | - |  | - |
Balance at end of the year |  | 31,516 |  | 30,865 |  | 10,369 |  | 1 |  | 72,751 |
Components: |  |  |  |  |  |  |  |  |  |  |
Generic allowance |  | 30,562 |  | 30,865 |  | 10,369 |  | 1 |  | 71,797 |
Specific allowance |  | 954 |  | - |  | - |  | - |  | 954 |
Total allowance for loan losses |  | 31,516 |  | 30,865 |  | 10,369 |  | 1 |  | 72,751 |
(In thousands of US$) |  | Year ended December 31, 2012 |
|  | Corporations |  | Banking and financial institutions |  | Middle- market companies |  | Sovereign |  | Total |
Balance at beginning of the year |  | 48,865 |  | 30,523 |  | 8,952 |  | 207 |  | 88,547 |
Provision (reversal of provision) for loan losses |  | (8,887) |  | (1,704) |  | 1,690 |  | 558 |  | (8,343) |
Loan recoveries and other |  | - |  | 17 |  | 245 |  | - |  | 262 |
Loans written-off |  | (7,490) |  | - |  | - |  | - |  | (7,490) |
Balance at end of the year |  | 32,488 |  | 28,836 |  | 10,887 |  | 765 |  | 72,976 |
Components: |  |  |  |  |  |  |  |  |  |  |
Generic allowance |  | 32,488 |  | 28,836 |  | 10,887 |  | 765 |  | 72,976 |
Specific allowance |  | - |  | - |  | - |  | - |  | - |
Total allowance for loan losses |  | 32,488 |  | 28,836 |  | 10,887 |  | 765 |  | 72,976 |
(In thousands of US$) |  | Year ended December 31, 2011 |
|  | Corporations |  | Banking and financial institutions |  | Middle- market companies |  | Sovereign |  | Total |
Balance at beginning of the year |  | 54,160 |  | 18,790 |  | 5,265 |  | 400 |  | 78,615 |
Provision (reversal of provision) for loan losses |  | (5,295) |  | 10,017 |  | 4,312 |  | (193) |  | 8,841 |
Loan recoveries and other |  | - |  | 1,716 |  | 440 |  | - |  | 2,156 |
Loans written-off |  | - |  | - |  | (1,065) |  | - |  | (1,065) |
Balance at end of the year |  | 48,865 |  | 30,523 |  | 8,952 |  | 207 |  | 88,547 |
Components: |  |  |  |  |  |  |  |  |  |  |
Generic allowance |  | 34,065 |  | 30,523 |  | 8,952 |  | 207 |  | 73,747 |
Specific allowance |  | 14,800 |  | - |  | - |  | - |  | 14,800 |
Total allowance for loan losses |  | 48,865 |  | 30,523 |  | 8,952 |  | 207 |  | 88,547 |
Provision (reversal of provision) of generic allowance for credit losses are mostly related to changes in volume and composition of the credit portfolio. The net decrease in the generic allowance for loan losses in 2013 was primarily due to an increased exposure in countries, customers and type of transactions with better ratings and a decreased exposure in those with lower ratings. Following is a summary of loan balances and reserves for loan losses:
(In thousands of US$) |  | December 31, 2013 |
|  | Corporations |  | Banking and financial institutions |  | Middle-market companies |  | Sovereign |  | Total |
Allowance for loan losses |  |  |  |  |  |  |  |  |  |  |
Generic allowance |  | 30,562 |  | 30,865 |  | 10,369 |  | 1 |  | 71,797 |
Specific allowance |  | 954 |  | - |  | - |  | - |  | 954 |
Total of allowance for loan losses |  | 31,516 |  | 30,865 |  | 10,369 |  | 1 |  | 72,751 |
Loans |  |  |  |  |  |  |  |  |  |  |
Loans with generic allowance |  | 3,310,931 |  | 2,259,991 |  | 574,107 |  | 144 |  | 6,145,173 |
Loans with specific allowance |  | 3,125 |  | - |  | - |  | - |  | 3,125 |
Total loans |  | 3,314,056 |  | 2,259,991 |  | 574,107 |  | 144 |  | 6,148,298 |
(In thousands of US$) |  | December 31, 2012 |
|  | Corporations |  | Banking and financial institutions |  | Middle-market companies |  | Sovereign |  | Total |
Allowance for loan losses |  |  |  |  |  |  |  |  |  |  |
Generic allowance |  | 32,488 |  | 28,836 |  | 10,887 |  | 765 |  | 72,976 |
Specific allowance |  | - |  | - |  | - |  | - |  | - |
Total of allowance for loan losses |  | 32,488 |  | 28,836 |  | 10,887 |  | 765 |  | 72,976 |
Loans |  |  |  |  |  |  |  |  |  |  |
Loans with generic allowance |  | 2,741,251 |  | 2,192,023 |  | 681,912 |  | 100,370 |  | 5,715,556 |
Loans with specific allowance |  | - |  | - |  | - |  | - |  | - |
Total loans |  | 2,741,251 |  | 2,192,023 |  | 681,912 |  | 100,370 |  | 5,715,556 |
| b) | Reserve for losses on off-balance sheet credit risk:
(In thousands of US$) |  | Year ended December 31, |
|  | 2013 |  | 2012 |  | 2011 |
Balance at beginning of the period |  | 4,841 |  | 8,887 |  | 13,335 |
Provision (reversal of provision) for losses on off-balance sheet credit risk |  | 381 |  | (4,046) |  | (4,448) |
Balance at end of the period |  | 5,222 |  | 4,841 |  | 8,887 |
The reserve for losses on off-balance sheet credit risk reflects the Bank’s Management estimate of probable losses on off-balance sheet credit risk items such as: confirmed letters of credit, stand-by letters of credit, guarantees and credit commitments (see Note 19). The 2013’s net increase in the reserve for losses on off-balance sheet credit risk was primarily due to changes in volume, composition, and risk profile of the portfolio.

X
- Definition The entire disclosure for allowance for credit losses. + References No definition available. + Details
Name: | us-gaap_AllowanceForCreditLossesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration