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Deposits

12 Months Ended

Dec. 31, 2014

Deposit Liabilities Disclosures [Text Block]

11.

Deposits

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

	December 31,
	2014	2013
Demand	84,175	63,047
Up to 1 month	1,512,868	1,617,059
From 1 month to 3 months	460,681	311,048
From 3 months to 6 months	276,970	207,182
From 6 months to 1 year	147,000	157,000
From 1 year to 2 years	25,000	6,000
	2,506,694	2,361,336

The following table presents additional information about deposits:

	December 31,
	2014	2013
Aggregate amounts of time deposits of $100,000 or more	2,506,244	2,298,289
Aggregate amounts of deposits in offices outside Panama	230,305	227,559
Interest expense paid to deposits in offices outside Panama	961	1,235

- 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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