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Accumulated other comprehensive income (loss)
 12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Comprehensive Income (Loss) Note [Text Block]
22.
Accumulated other comprehensive income (loss)
 
As of December 31, 2013, 2012 and 2011 the breakdown of accumulated other comprehensive income (loss) related to investment securities available-for-sale and derivative financial instruments, and foreign currency translation is as follows:
 
 
 
 
 
 
 
Foreign currency
 
 
 
 
 
Securities
 
Derivative
 
translation
 
 
 
 
 
available-
 
financial
 
adjustment,
 
 
 
(In thousands of US$)
 
for-sale
 
instruments
 
net of hedges
 
Total
 
 
 
 
 
 
 
 
 
 
 
Balance as of January 1, 2011
 
(3,744)
 
(2,697)
 
-
 
(6,441)
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gains arising from the year
 
4,095
 
1,097
 
-
 
5,192
 
Reclassification adjustment for (gains) loss included in net income (1)
 
(2,079)
 
960
 
-
 
(1,119)
 
Foreign currency translation adjustment, net
 
-
 
-
 
(744)
 
(744)
 
Other comprehensive income (loss) from the year
 
2,016
 
2,057
 
(744)
 
3,329
 
Balance as of December 31, 2011
 
(1,728)
 
(640)
 
(744)
 
(3,112)
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gains arising from the year
 
8,436
 
5,699
 
-
 
14,135
 
Reclassification adjustment for gains included in net income (1)
 
(5,775)
 
(5,427)
 
-
 
(11,202)
 
Foreign currency translation adjustment, net
 
-
 
-
 
(551)
 
(551)
 
Other comprehensive income (loss) from the year
 
2,661
 
272
 
(551)
 
2,382
 
Balance as of December 31, 2012
 
933
 
(368)
 
(1,295)
 
(730)
 
 
 
 
 
 
 
 
 
 
 
Net unrealized loss arising from the year
 
(9,640)
 
(2,302)
 
-
 
(11,942)
 
Reclassification adjustment for (gains) loss included in net income (1)
 
(1,487)
 
1,985
 
24
 
522
 
Foreign currency translation adjustment, net
 
-
 
-
 
(425)
 
(425)
 
Other comprehensive income (loss) from the year
 
(11,127)
 
(317)
 
(401)
 
(11,845)
 
Balance as of December 31, 2013
 
(10,194)
 
(685)
 
(1,696)
 
(12,575)
 
 
(1)
Reclassification adjustments include amounts recognized in net income during the current period that had been part of other comprehensive income (loss) in this and previous periods.
 
The following table presents amounts reclassified from other comprehensive income to the net income of the period:
 
2013
(In thousands of US$)
 
 
 
 
 
 
 
Amount reclassified 
 
 
 
Details about accumulated other
 
from accumulated other
 
Affected line item in the statement
 comprehensive income components
 
 comprehensive income
 
 where net income is presented
Realized gains (losses) on securities available-for-sale:
 
 
 
 
 
 
 
2
 
Interest income – securities available-for-sale
 
 
 
1,152
 
Net gain on sale of securities available-for-sale
 
 
 
333
 
Derivative financial instruments and hedging
 
 
 
1,487
 
 
 
Gains (losses) on derivative financial instruments:
 
 
 
 
 
Forward foreign exchange
 
(1,472)
 
Interest income - loans
 
 
 
31
 
Interest expense – borrowings and debt
 
 
 
(544)
 
Net gain (loss) on foreign currency exchange
 
 
 
(1,985)
 
 
 
 
 
 
 
 
 
Loss on foreign currency translation adjustment
 
(24)
 
Net loss from discontinued operations
 
 
2012
(In thousands of US$)
 
 
 
 
 
 
 
Amount reclassified
 
 
 
Details about accumulated other
 
from accumulated other
 
Affected line item in the statement 
comprehensive income components
 
comprehensive income
 
  where net income is presented
Realized gains (losses) on securities available-for-sale:
 
 
 
 
 
 
 
-
 
Interest income – securities available-for-sale
 
 
 
5,775
 
Net gain on sale of securities available-for-sale
 
 
 
-
 
Derivative financial instruments and hedging
 
 
 
5,775
 
 
 
Gains (losses) on derivative financial instruments:
 
 
 
 
 
Forward foreign exchange
 
(564)
 
Interest income - loans
 
 
 
(169)
 
Interest expense – borrowings and debt
 
 
 
6,160
 
Net gain (loss) on foreign currency exchange
 
 
 
5,427
 
 
 
 
 
 
 
 
 
Loss on foreign currency translation adjustment
 
-
 
Net loss from discontinued operations
 
 
2011
(In thousands of US$)
 
 
 
 
 
 
 
Amount reclassified
 
 
 
Details about accumulated other
 
from accumulated other
 
Affected line item in the statement
comprehensive income components
 
comprehensive income
 
 where net income is presented
Realized gains (losses) on securities available-for-sale:
 
 
 
 
 
 
 
-
 
Interest income – securities available-for-sale
 
 
 
2,079
 
Net gain on sale of securities available-for-sale
 
 
 
-
 
Derivative financial instruments and hedging
 
 
 
2,079
 
 
 
Gains (losses) on derivative financial instruments:
 
 
 
 
 
Forward foreign exchange
 
(124)
 
Interest income - loans
 
 
 
172
 
Interest expense – borrowings and debt
 
 
 
(1,008)
 
Net gain (loss) on foreign currency exchange
 
 
 
(960)
 
 
 
 
 
 
 
 
 
Loss on foreign currency translation adjustment
 
-
 
Net loss from discontinued operations