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Cash and cash equivalents
 12 Months Ended
Dec. 31, 2017
Disclosure of cash and cash equivalents [Abstract]  
Disclosure of cash and cash equivalents [text block]
4.
Cash and cash equivalents
 
 
 
December 31,
2017
 
December 31,
2016
 
 
 
 
 
 
 
 
 
Cash and due from banks
 
 
11,032
 
 
89,656
 
Interest-bearing deposits in banks
 
 
661,016
 
 
979,882
 
Total
 
 
672,048
 
 
1,069,538
 
 
 
 
 
 
 
 
 
Less:
 
 
 
 
 
 
 
Pledged deposits
 
 
53,241
 
 
61,812
 
Total cash and cash equivalents
 
 
618,807
 
 
1,007,726
 
 
The following table presents the details on interest-bearing deposits in banks and pledged deposits:
 
 
 
December 31, 2017
 
December 31, 2016
 
 
 
Amount
 
Range
Interest rate
 
Amount
 
Range
Interest rate
 
Interest-bearing deposits in banks:
 
 
 
 
 
 
 
 
 
 
 
 
 
Demand deposits(1)
 
 
661,016
 
 
0.25% a 1.55
%
 
854,882
 
 
0.01% to 0.77
%
Time deposits(2)
 
 
-
 
 
-
 
 
125,000
 
 
0.83% to 0.88
%
Total
 
 
661,016
 
 
 
 
 
979,882
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pledged deposits:
 
 
 
 
 
 
 
 
 
 
 
 
 
New York(3)
 
 
3,000
 
 
-
 
 
2,800
 
 
-
 
Panama(4)
 
 
50,241
 
 
1.42
%
 
59,012
 
 
0.66
%
Total
 
 
53,241
 
 
 
 
 
61,812
 
 
 
 
 
(1)
Demand deposits with bearing interest based on the daily rates determined by banks.
(2)
Time deposits “overnight” calculated on an average interest rate.
(3)
The New York Agency had a pledged deposit with the New York State Banking Department, as required by law since March 1994.
(4)
The Bank had pledged deposits to secure derivative financial instruments transactions.