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Financial Risk (Tables) | 12 Months Ended
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Dec. 31, 2020
Disclosure of nature and extent of risks arising from financial instruments [line items] |
Schedule of financial assets that are either past due or impaired |
|  | December 31, 2020 |  |
|  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Current |  | 4,613,468 |  | 287,336 |  | 10,593 |  | 4,911,397
|  | December 31, 2019 |  |
|  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Current |  | 5,602,157 |  | 228,995 |  | 47,169 |  | 5,878,321
Past due |  |  |  |  |  |  |  |
90-120 days |  | — |  | — |  | 3,724 |  | 3,724
151-180 days |  | — |  | — |  | — |  | —
More than 180 days |  | — |  | — |  | 10,952 |  | 10,952
Total past due |  | — |  | — |  | 14,676 |  | 14,676
Total |  | 5,602,157 |  | 228,995 |  | 61,845 |  | 5,892,997
Schedule of credit exposure of derivative transactions |
|  | December 31, 2020
|  |  |  | Derivative |  | Derivative
|  |  |  | financial |  | financial
|  | Notional value |  | instruments - fair |  | instruments - fair
|  | USD |  | value asset |  | value liabilities
Interest rate swaps |  | 145,667 |  | 1,831 |  | (1,774)
Cross-currency swaps |  | 565,997 |  | 25,947 |  | (3,848)
Foreign exchange forwards |  | 71,353 |  | — |  | (3,589)
Total |  | 783,017 |  | 27,778 |  | (9,211)
|  | December 31,
|  | 2019
|  |  |  | Derivative |  | Derivative
|  |  |  | financial |  | financial
|  | Notional value |  | instruments - fair |  | instruments - fair
|  | USD |  | value asset |  | value liabilities
Interest rate swaps |  | 521,333 |  | 407 |  | (1,903)
Cross-currency swaps |  | 369,869 |  | 10,125 |  | (10,197)
Foreign exchange forwards |  | 74,471 |  | 625 |  | (2,575)
Total |  | 965,673 |  | 11,157 |  | (14,675)
Schedule of macroeconomic assumptions used in the base, optimistic and pessimistic scenarios |
|  |  |  | Variable |
|  |  |  | GDP Growth |  | ComEx Growth |
|  |  |  | (Var.% ) |  | Index (Var.% ) |
|  |  |  | December 31, |  | December 31, |  | December 31, |  | December 31, |
Country |  | Scenario |  | 2020 |  | 2019 |  | 2020 |  | 2019 |
|  | Central |  | 0.7 | % | 2.0 | % | 4.0 | % | 4.1 | %
Brazil |  | Upside |  | 1.7 | % | 3.0 | % | 7.5 | % | 7.6 | %
|  | Downside |  | (0.7) | % | 0.6 | % | 0.0 | % | 0.1 | %
|  | Central |  | 1.4 | % | 3.4 | % | 4.6 | % | 6.6 | %
Colombia |  | Upside |  | 2.5 | % | 4.5 | % | 7.6 | % | 9.6 | %
|  | Downside |  | 0.1 | % | 2.1 | % | 1.1 | % | 3.1 | %
|  | Central |  | 0.2 | % | 1.5 | % | 3.5 | % | 2.2 | %
Mexico |  | Upside |  | 1.2 | % | 2.5 | % | 7.5 | % | 6.2 | %
|  | Downside |  | (1.0) | % | 0.3 | % | (1.0) | % | (2.3) | %
|  | Central |  | 1.5 | % | 2.2 | % | 6.4 | % | 3.1 | %
Chile |  | Upside |  | 2.6 | % | 3.3 | % | 9.9 | % | 6.6 | %
|  | Downside |  | 0.3 | % | 1.0 | % | 2.4 | % | (0.9) | %
|  | Central |  | 2.5 | % | 4.6 | % | 4.2 | % | 3.0 | %
Panama |  | Upside |  | 3.5 | % | 6.1 | % | 7.2 | % | 6.0 | %
|  | Downside |  | 1.3 | % | 3.2 | % | 0.7 | % | (0.5) | %
|  | Central |  | 2.5 | % | 3.5 | % | 4.2 | % | 4.1 | %
Guatemala |  | Upside |  | 3.5 | % | 4.5 | % | 7.2 | % | 7.1 | %
|  | Downside |  | 1.3 | % | 2.3 | % | 0.7 | % | 0.6 | %
|  | Central |  | 1.4 | % | 3.3 | % | 5.1 | % | 4.2 | %
Peru |  | Upside |  | 2.4 | % | 4.3 | % | 8.6 | % | 7.7 | %
|  | Downside |  | 0.2 | % | 2.1 | % | 1.1 | % | 0.2 | %
|  | Central |  | (0.2) | % | 1.3 | % | 2.7 | % | 4.6 | %
Ecuador |  | Upside |  | 0.8 | % | 2.3 | % | 5.7 | % | 7.6 | %
|  | Downside |  | (1.7) | % | (0.2) | % | (0.8) | % | 1.1 | %
Schedule of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments |
|  |  |  |  |  | Securities |  |
|  |  |  | Loan commitments |  |  |  |  |  |
|  | Loans at amortized |  | and financial |  |  |  |  |  |
December 31, 2020 |  | cost |  | guarantee contracts |  | At amortized cost |  | FVOCI |  | Total
Net effect of changes in allowance for expected credit losses |  | 13,459 |  | 79 |  | 38 |  | — |  | 13,576
Financial instruments that have been derecognized during the year |  | (28,036) |  | (1,885) |  | (86) |  | — |  | (30,007)
New financial assets originated or purchased |  | 12,828 |  | 1,666 |  | 430 |  | 43 |  | 14,967
Total |  | (1,749) |  | (140) |  | 382 |  | 43 |  | (1,464)
|  |  |  |  |  | Securities |  |
|  |  |  | Loan commitments |  |  |  |  |  |
|  | Loans at amortized |  | and financial |  |  |  |  |  |
December 31, 2019 |  | cost |  | guarantee contracts |  | At amortized cost |  | FVOCI |  | Total
Net effect of changes in allowance for expected credit losses |  | 11,714 |  | 153 |  | (18) |  | — |  | 11,849
Financial instruments that have been derecognized during the year |  | (36,534) |  | (2,506) |  | (46) |  | (173) |  | (39,259)
New financial assets originated or purchased |  | 25,695 |  | 2,108 |  | 37 |  | — |  | 27,840
Total |  | 875 |  | (245) |  | (27) |  | (173) |  | 430
|  |  |  |  |  | Securities |  |
|  |  |  | Loan commitments |  |  |  |  |  |
|  | Loans at amortized |  | and financial |  |  |  |  |  |
December 31, 2018 |  | cost |  | guarantee contracts |  | At amortized cost |  | FVOCI |  | Total
Net effect of changes in allowance for expected credit losses |  | 56,311 |  | 182 |  | (48) |  | (63) |  | 56,382
Financial instruments that have been derecognized during the year |  | (27,490) |  | (6,666) |  | (64) |  | — |  | (34,220)
New financial assets originated or purchased |  | 32,355 |  | 2,928 |  | 56 |  | 14 |  | 35,353
Total |  | 61,176 |  | (3,556) |  | (56) |  | (49) |  | 57,515
Schedule of reconciliation of changes in the net carrying amount of credit-impaired loans |
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
Credit-impaired loans and advances at beginning of year |  | 54,573 |  | 49,439
Classified as credit-impaired during the year |  | 2,100 |  | —
Change in allowance for expected credit losses |  | (744) |  | 7,164
Recoveries of amounts previously written off |  | 139 |  | 52
Interest income |  | 626 |  | 323
Write-offs |  | (52,106) |  | (2,405)
Credit-impaired loans and advances at end of year |  | 4,588 |  | 54,573
Schedule of concentrations of credit risk by sector and industry. |
|  |  |  |  |  |  |  |  |  | Securities
|  |  |  |  |  | Loan commitments and |  |  |  |  |  |
|  | Loans at amortized cost |  | financial guarantee contracts |  | At amortized cost |  | FVOCI
|  | December 31, |  | December 31, |  | December 31, |  | December 31, |  | December 31, |  | December 31, |  | December 31, |  | December 31,
|  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019
Carrying amount - principal |  | 4,911,397 |  | 5,892,997 |  | 74,366 |  | 115,682 |  | 164,074 |  | 74,547 |  | 231,348 |  | 5,094
Amount committed/guaranteed |  | — |  | — |  | 564,898 |  | 493,372 |  | — |  | — |  | — |  | —
Concentration by sector |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Private |  | 1,425,929 |  | 1,782,808 |  | 276,249 |  | 213,161 |  | 56,979 |  | 2,998 |  | 60,403 |  | —
State-owned |  | 741,791 |  | 780,491 |  | 92,299 |  | 69,822 |  | 29,985 |  | 23,792 |  | 23,858 |  | —
Financial institutions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Private |  | 2,231,742 |  | 2,692,787 |  | 65,434 |  | 75,130 |  | 33,715 |  | 19,276 |  | — |  | —
State-owned |  | 476,520 |  | 589,690 |  | 205,282 |  | 250,941 |  | 28,276 |  | — |  | 141,974 |  | —
Sovereign |  | 35,415 |  | 47,221 |  | — |  | — |  | 15,119 |  | 28,481 |  | 5,113 |  | 5,094
Total |  | 4,911,397 |  | 5,892,997 |  | 639,264 |  | 609,054 |  | 164,074 |  | 74,547 |  | 231,348 |  | 5,094
Concentration by industry |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial institutions |  | 2,708,262 |  | 3,282,477 |  | 270,716 |  | 326,071 |  | 61,991 |  | 19,276 |  | 141,974 |  | —
Manufacturing |  | 760,985 |  | 925,375 |  | 173,493 |  | 143,560 |  | 66,053 |  | 21,658 |  | 45,654 |  | —
Oil and petroleum derived products |  | 586,030 |  | 561,068 |  | 98,189 |  | 71,571 |  | 20,911 |  | 5,132 |  | 38,607 |  | —
Agricultural |  | 336,715 |  | 327,288 |  | — |  | — |  | — |  | — |  | — |  | —
Services |  | 264,597 |  | 370,753 |  | 63,086 |  | 20,497 |  | — |  | — |  | — |  | —
Mining |  | 94,955 |  | 162,364 |  | — |  | — |  | — |  | — |  | — |  | —
Sovereign |  | 35,415 |  | 47,221 |  | — |  | — |  | 15,119 |  | 28,481 |  | 5,113 |  | 5,094
Other |  | 124,438 |  | 216,451 |  | 33,780 |  | 47,355 |  | — |  | — |  | — |  | —
Total |  | 4,911,397 |  | 5,892,997 |  | 639,264 |  | 609,054 |  | 164,074 |  | 74,547 |  | 231,348 |  | 5,094
Schedule of concentrations of credit risk by rating and country |
|  |  |  |  |  |  |  |  |  | Securities
|  |  |  |  |  | Loan commitments and |  |  |  |  |  |
|  | Loans at amortized cost |  | financial guarantee contracts |  | At amortized cost |  | FVOCI
|  | December 31, |  | December 31, |  | December 31, |  | December 31, |  | December 31, |  | December 31, |  | December 31, |  | December 31,
|  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019
Carrying amount - principal |  | 4,911,397 |  | 5,892,997 |  | 74,366 |  | 115,682 |  | 164,074 |  | 74,547 |  | 231,348 |  | 5,094
Amount committed/guaranteed |  | — |  | — |  | 564,898 |  | 493,372 |  | — |  | — |  | — |  | —
Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 |  | 2,582,794 |  | 2,928,401 |  | 247,425 |  | 167,241 |  | 108,505 |  | 73,047 |  | 231,348 |  | 5,094
5-6 |  | 2,096,138 |  | 2,415,323 |  | 237,807 |  | 183,568 |  | 55,569 |  | 1,500 |  | — |  | —
7-8 |  | 232,465 |  | 487,428 |  | 154,032 |  | 258,245 |  | — |  | — |  | — |  | —
10 |  | — |  | 61,845 |  | — |  | — |  | — |  | — |  | — |  | —
Total |  | 4,911,397 |  | 5,892,997 |  | 639,264 |  | 609,054 |  | 164,074 |  | 74,547 |  | 231,348 |  | 5,094
Concentration by country |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Argentina |  | 130,944 |  | 226,481 |  | — |  | — |  | — |  | — |  | — |  | —
Belgium |  | 9,807 |  | 13,742 |  | — |  | — |  | — |  | — |  | — |  | —
Bolivia |  | 12,000 |  | 7,000 |  | 2,800 |  | 400 |  | — |  | — |  | — |  | —
Brazil |  | 971,652 |  | 1,015,316 |  | 50,000 |  | 50,000 |  | 41,128 |  | 1,500 |  | — |  | —
Canada |  | — |  | — |  | — |  | 657 |  | — |  | — |  | — |  | —
Chile |  | 533,945 |  | 683,132 |  | 7,911 |  | 8 |  | 11,992 |  | — |  | 28,972 |  | 5,094
Colombia |  | 714,258 |  | 906,092 |  | 50,333 |  | 50,610 |  | 29,998 |  | 15,338 |  | — |  | —
Costa Rica |  | 146,200 |  | 220,380 |  | 56,876 |  | 59,161 |  | — |  | — |  | — |  | —
Dominican Republic |  | 202,433 |  | 289,853 |  | 16,500 |  | 16,500 |  | — |  | — |  | — |  | —
Ecuador |  | 45,511 |  | 174,267 |  | 165,275 |  | 252,391 |  | — |  | — |  | — |  | —
El Salvador |  | 40,000 |  | 54,233 |  | 1,087 |  | 5,555 |  | — |  | — |  | — |  | —
France |  | 150,810 |  | 152,530 |  | 84,862 |  | 47,906 |  | — |  | — |  | — |  | —
Germany |  | — |  | 34,613 |  | — |  | — |  | — |  | — |  | — |  | —
Guatemala |  | 281,485 |  | 278,557 |  | 43,845 |  | 44,200 |  | — |  | — |  | — |  | —
Honduras |  | 10,199 |  | 128,937 |  | 345 |  | 300 |  | — |  | — |  | — |  | —
Hong Kong |  | 1,800 |  | 10,400 |  | — |  | — |  | — |  | — |  | — |  | —
Jamaica |  | 23,274 |  | 38,312 |  | — |  | — |  | — |  | — |  | — |  | —
Luxembourg |  | 50,000 |  | 59,813 |  | — |  | — |  | — |  | — |  | — |  | —
Mexico |  | 607,099 |  | 754,465 |  | 4,995 |  | 27,377 |  | 43,910 |  | 21,505 |  | — |  | —
Panama |  | 241,097 |  | 268,356 |  | 61,435 |  | 25,304 |  | 10,399 |  | 36,204 |  | — |  | —
Paraguay |  | 100,816 |  | 127,970 |  | 11,800 |  | 10,652 |  | — |  | — |  | — |  | —
Peru |  | 272,752 |  | 150,301 |  | 47,245 |  | 8,033 |  | 26,647 |  | — |  | — |  | —
Singapore |  | 75,095 |  | 90,955 |  | — |  | — |  | — |  | — |  | — |  | —
Switzerland |  | — |  | — |  | — |  | 10,000 |  | — |  | — |  | — |  | —
Trinidad and Tobago |  | 165,995 |  | 181,676 |  | — |  | — |  | — |  | — |  | — |  | —
United States of America |  | 113,816 |  | 25,000 |  | — |  | — |  | — |  | — |  | 89,794 |  | —
United Kingdom |  | 10,409 |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Uruguay |  | — |  | 619 |  | 33,955 |  | — |  | — |  | — |  | — |  | —
Multinational |  | — |  | — |  | — |  | — |  | — |  | — |  | 112,582 |  | —
Total |  | 4,911,397 |  | 5,892,997 |  | 639,264 |  | 609,054 |  | 164,074 |  | 74,547 |  | 231,348 |  | 5,094
Schedule of Bank's liquid assets along with average information |
|  | December 31, |  | December 31, |
|  | 2020 |  | 2019 |
At the end of the year |  | 249.42 | % | 52.48 | %
Year average |  | 115.98 | % | 37.82 | %
Maximum of the year |  | 249.42 | % | 53.38 | %
Minimum of the year |  | 53.26 | % | 23.23 | %
Schedule of Bank's liquid assets by geographical location |
|  | December 31, 2020 |  | December 31, 2019
|  | Cash and due from |  |  |  |  |  | Cash and due from
(in millions of USD dollars) |  | banks |  | Securities FVOCI |  | Total |  | banks
United State of America |  | 740 |  | 90 |  | 830 |  | 1,132
Other O.E.C.D countries |  | 100 |  | — |  | 100 |  | 4
Latin America |  | 6 |  | — |  | 6 |  | 4
Other countries |  | — |  | — |  | — |  | 20
Multinational |  | — |  | 112 |  | 112 |  | —
Total |  | 846 |  | 202 |  | 1,048 |  | 1,160
Schedule of Bank's demand deposits ratio on total deposits |
|  | December 31, |  | December 31, |
(in millions of USD dollars) |  | 2020 |  | 2019 |
Demand liabilities and "overnight" |  | 171 |  | 86 |
% Demand liabilities and "overnight" to total deposits |  | 5.44 | % | 2.97 | %
Schedule of Bank's demand deposits from customers is satisfied by the Bank's liquid assets |
|  | December 31, |  | December 31, |
(in millions of USD dollars) |  | 2020 |  | 2019 |
Total liquid assets |  | 1,048 |  | 1,160 |
% Total assets to total liabilities |  | 33.40 | % | 40.15 | %
% Total liquid assets in the U.S. Federal Reserve |  | 65.68 | % | 97.37 | %
Schedule of Bank's loans and securities short-term portfolio with maturity within one year |
(in millions of USD dollars) |  | December 31, |  | December 31,
|  | 2020 |  | 2019
Loan portfolio at amortized cost and investment portfolio less than/equal to 1 year according to its original terms |  | 3,114 |  | 3,485
Average term (days) |  | 195 |  | 189
Schedule of Bank's loans and securities short-term portfolio with medium term maturity |
(in millions of USD dollars) |  | December 31, |  | December 31,
|  | 2020 |  | 2019
Loan portfolio at amortized cost and investment portfolio greater than/equal to 1 year according to its original terms |  | 2,193 |  | 2,497
Average term (days) |  | 1,382 |  | 1,185
Schedule of future cash flows between assets and liabilities grouped by its remaining maturity with respect to the contractual maturity |
|  | December 31, 2020
|  | Up to 3 |  | 3 to 6 |  | 6 months to |  |  |  | More than |  | Gross inflows |  | Carrying
Description |  | months |  | months |  | 1 year |  | 1 to 5 years |  | 5 years |  | (outflows) |  | amount
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | 863,831 |  | — |  | — |  | — |  | — |  | 863,831 |  | 863,812
Securities and other financial assets, net |  | 11,541 |  | 20,961 |  | 60,311 |  | 312,027 |  | — |  | 404,840 |  | 398,068
Loans, net |  | 1,712,049 |  | 998,923 |  | 1,255,069 |  | 293,489 |  | 1,156,625 |  | 5,416,155 |  | 4,896,647
Derivative financial instruments - assets |  | — |  | 119 |  | 129 |  | 26,691 |  | 839 |  | 27,778 |  | 27,778
Total |  | 2,587,421 |  | 1,020,003 |  | 1,315,509 |  | 632,207 |  | 1,157,464 |  | 6,712,604 |  | 6,186,305
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | (2,678,292) |  | (166,832) |  | (293,306) |  | (6,638) |  | — |  | (3,145,068) |  | (3,140,875)
Securities sold under repurchase agreements |  | — |  | (5,784) |  | (4,977) |  | — |  | — |  | (10,761) |  | (10,663)
Borrowings and debt, net |  | (166,034) |  | (60,816) |  | (456,932) |  | (1,425,806) |  | (24,922) |  | (2,134,510) |  | (1,994,245)
Derivative financial instruments - liabilities |  | (3,020) |  | (1,081) |  | (71) |  | (5,039) |  | — |  | (9,211) |  | (9,211)
Total |  | (2,847,346) |  | (234,513) |  | (755,286) |  | (1,437,483) |  | (24,922) |  | (5,299,550) |  | (5,154,994)
Contingencies |  |  |  |  |  |  |  |  |  |  |  |  |  |
Confirmed letters of credit |  | 167,301 |  | 29,466 |  | 20,015 |  | — |  | — |  | 216,782 |  | 216,782
Stand-by letters of credit and guarantees |  | 35,041 |  | 106,943 |  | 55,963 |  | 12,550 |  | — |  | 210,497 |  | 210,497
Credit commitments |  | — |  | — |  | 4,286 |  | 133,333 |  | — |  | 137,619 |  | 137,619
Total |  | 202,342 |  | 136,409 |  | 80,264 |  | 145,883 |  | — |  | 564,898 |  | 564,898
Net position |  | (462,267) |  | 649,081 |  | 479,959 |  | (951,159) |  | 1,132,542 |  | 848,156 |  | 466,413
|  | December 31, 2019
|  | Up to 3 |  | 3 to 6 |  | 6 months to |  |  |  | More than |  | Gross inflows |  | Carrying
Description |  | months |  | months |  | 1 year |  | 1 to 5 years | 5 years |  | (outflows) |  | amount
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | 1,178,288 |  | — |  | — |  | — |  | — |  | 1,178,288 |  | 1,178,170
Securities and other financial assets, net |  | 16,684 |  | 6,457 |  | 7,293 |  | 54,544 |  | 6,492 |  | 91,470 |  | 88,794
Loans, net |  | 1,960,381 |  | 967,594 |  | 1,207,469 |  | 1,822,519 |  | 150,742 |  | 6,108,705 |  | 5,823,333
Derivative financial instruments - assets |  | — |  | 625 |  | — |  | 10,532 |  | — |  | 11,157 |  | 11,157
Total |  | 3,155,353 |  | 974,676 |  | 1,214,762 |  | 1,887,595 |  | 157,234 |  | 7,389,620 |  | 7,101,454
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | (2,574,180) |  | (198,786) |  | (122,680) |  | — |  | — |  | (2,895,646) |  | (2,893,555)
Securities sold under repurchase agreements |  | (40,691) |  | — |  | — |  | — |  | — |  | (40,691) |  | (40,530)
Borrowings and debt, net |  | (1,407,612) |  | (451,736) |  | (230,776) |  | (1,147,699) |  | (13,422) |  | (3,251,245) |  | (3,148,864)
Derivative financial instruments - liabilities |  | (2,425) |  | (775) |  | (1,711) |  | (12,014) |  | — |  | (16,925) |  | (14,675)
Total |  | (4,024,908) |  | (651,297) |  | (355,167) |  | (1,159,713) |  | (13,422) |  | (6,204,507) |  | (6,097,624)
Contingencies |  |  |  |  |  |  |  |  |  |  |  |  |  |
Confirmed letters of credit |  | 84,235 |  | 77,493 |  | 7,592 |  | — |  | — |  | 169,320 |  | 169,320
Stand-by letters of credit and guarantees |  | 35,906 |  | 95,440 |  | 114,078 |  | 10,057 |  | — |  | 255,481 |  | 255,481
Credit commitments |  | — |  | — |  | — |  | 68,571 |  | — |  | 68,571 |  | 68,571
Total |  | 120,141 |  | 172,933 |  | 121,670 |  | 78,628 |  | — |  | 493,372 |  | 493,372
Net position |  | (989,696) |  | 150,446 |  | 737,925 |  | 649,254 |  | 143,812 |  | 691,741 |  | 510,458
Schedule of liquidity reserves |
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
|  | Amount |  | Fair Value |  | Amount |  | Fair Value
Balances with Central Banks |  | 688,612 |  | 688,612 |  | 1,129,016 |  | 1,129,016
Cash and balances with other bank (1) |  | 157,396 |  | 157,396 |  | 30,702 |  | 30,702
Total Liquidity reserves |  | 846,008 |  | 846,008 |  | 1,159,718 |  | 1,159,718
Schedule of financial assets available to support future funding |
December 31, 2020
|  | Guaranteed |  | Available as
|  |  |  | collateral
Cash and due from banks |  | 17,804 |  | 846,008
Notional of investment securities |  | 11,450 |  | 371,900
Loans at amortized cost |  | — |  | 4,911,397
Total assets |  | 29,254 |  | 6,129,305
December 31, 2019
|  | Guaranteed |  | Available as
|  |  |  | collateral
Cash and due from banks |  | 18,452 |  | 1,159,718
Notional of investment securities |  | 40,531 |  | 38,045
Loans at amortized cost |  | — |  | 5,823,333
Total assets |  | 58,983 |  | 7,021,096
Schedule of Bank's interest rate gap position | i.Interest rate risk The following is a summary of the Bank’s interest rate gap position for the financial assets and liabilities based on their next repricing date:
|  | December 31, 2020
|  | Up to 3 |  | 3 to 6 |  | 6 months to |  |  |  | More than |  | Non interest |  |
Description |  | months |  | months |  | 1 year |  | 1 to 5 years |  | 5 years |  | rate risk |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Demand deposits and time deposits |  | 859,481 |  | — |  | — |  | — |  | — |  | 4,331 |  | 863,812
Securities and other financial assets |  | 9,554 |  | 9,139 |  | 55,960 |  | 320,769 |  | — |  | — |  | 395,422
Loans |  | 3,468,477 |  | 895,794 |  | 434,813 |  | 117,262 |  | — |  | — |  | 4,916,346
Total assets |  | 4,337,512 |  | 904,933 |  | 490,773 |  | 438,031 |  | — |  | 4,331 |  | 6,175,580
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Demand deposits and time deposits |  | (2,675,867) |  | (166,317) |  | (290,000) |  | (6,500) |  | — |  | (216) |  | (3,138,900)
Securities sold under repurchase agreements |  | — |  | (5,728) |  | (4,935) |  | — |  | — |  | — |  | (10,663)
Borrowings and debt |  | (1,103,703) |  | (45,859) |  | (16,511) |  | (794,522) |  | (24,475) |  | — |  | (1,985,070)
Total liabilities |  | (3,779,570) |  | (217,904) |  | (311,446) |  | (801,022) |  | (24,475) |  | (216) |  | (5,134,633)
Net effect of derivative financial instruments held for interest risk management |  | (3) |  | (373) |  | 58 |  | 15,982 |  | 839 |  | — |  | 16,503
Total interest rate sensitivity |  | 557,939 |  | 686,656 |  | 179,385 |  | (347,009) |  | (23,636) |  | 4,115 |  | 1,057,450
|  | December 31, 2019
|  | Up to 3 |  | 3 to 6 |  | 6 months to |  |  |  | More than |  | Non interest |  |
Description |  | months |  | months |  | 1 year |  | 1 to 5 years |  | 5 years |  | rate risk |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Demand deposits and time deposits |  | 1,170,092 |  | — |  | — |  | — |  | — |  | — |  | 1,170,092
Securities and other financial assets |  | 14,935 |  | 6,351 |  | 5,055 |  | 53,300 |  | — |  | — |  | 79,641
Loans |  | 4,031,432 |  | 1,096,355 |  | 548,028 |  | 208,443 |  | 8,739 |  | — |  | 5,892,997
Total assets |  | 5,216,459 |  | 1,102,706 |  | 553,083 |  | 261,743 |  | 8,739 |  | — |  | 7,142,730
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Demand deposits and time deposits |  | (2,570,324) |  | (197,300) |  | (120,419) |  | — |  | — |  | (293) |  | (2,888,336)
Securities sold under repurchase agreements |  | (40,530) |  | — |  | — |  | — |  | — |  | — |  | (40,530)
Borrowings and debt |  | (2,534,382) |  | (401,432) |  | (25,261) |  | (157,321) |  | — |  | (19,914) |  | (3,138,310)
Total liabilities |  | (5,145,236) |  | (598,732) |  | (145,680) |  | (157,321) |  | — |  | (20,207) |  | (6,067,176)
Net effect of derivative financial instruments held for interest risk management |  | (2,425) |  | (150) |  | (1,711) |  | (1,482) |  | — |  | — |  | (5,768)
Total interest rate sensitivity |  | 68,798 |  | 503,824 |  | 405,692 |  | 102,940 |  | 8,739 |  | (20,207) |  | 1,069,786
Derivative financial instruments used for hedging |
Disclosure of nature and extent of risks arising from financial instruments [line items] |
Schedule of offsetting financial assets and liabilities |
|  | December 31, 2020
|  |  |  | Gross amounts |  | Net amount of |  |  |  |  |  |
|  |  |  | offset in the |  | assets presented |  | Gross amounts not offset in the |  |
|  |  |  | consolidated |  | in the |  | consolidated statement of |  |
|  | Gross |  | statement of |  | consolidated |  | financial position |  |
|  | amounts of |  | financial |  | statement of |  | Financial |  | Cash collateral |  |
Description |  | assets |  | position |  | financial position |  | instruments |  | received |  | Net Amount
Derivative financial instruments used for hedging |  | 27,778 |  | — |  | 27,778 |  | — |  | (24,720) |  | 3,058
Total |  | 27,778 |  | — |  | 27,778 |  | — |  | (24,720) |  | 3,058
|  | December 31, 2019
|  |  |  | Gross amounts |  | Net amount of |  |  |  |  |  |
|  |  |  | offset in the |  | assets presented |  | Gross amounts not offset in the |  |
|  |  |  | consolidated |  | in the |  | consolidated statement of |  |
|  | Gross |  | statement of |  | consolidated |  | financial position |  |
|  | amounts of |  | financial |  | statement of |  | Financial |  | Cash collateral |  |
Description |  | assets |  | position |  | financial position |  | instruments |  | received |  | Net Amount
Derivative financial instruments used for hedging |  | 11,157 |  | — |  | 11,157 |  | — |  | (9,350) |  | 1,807
Total |  | 11,157 |  | — |  | 11,157 |  | — |  | (9,350) |  | 1,807
Securities sold under repurchase agreements |
Disclosure of nature and extent of risks arising from financial instruments [line items] |
Schedule of offsetting financial assets and liabilities |
|  | December 31, 2020 |  |
|  |  |  |  |  | Net amount of |  |  |  |  |  |
|  |  |  | Gross amounts |  | liabilities |  | Gross amounts not offset in |  |
|  |  |  | offset in the |  | presented |  | the consolidated statement of |  |
|  |  |  | consolidated |  | in the |  | financial position |  |
|  | Gross |  | statement of |  | consolidated |  |  |  | Cash |  |
Description |  | amounts of |  | financial |  | statement of |  | Financial |  | collateral |  | Net
|  | liabilities |  | position |  | financial position |  | instruments |  | pledged |  | Amount
Securities sold under repurchase agreements |  | (10,663) |  | — |  | (10,663) |  | 11,998 |  | 18 |  | 1,353
Derivative financial instruments used for hedging |  | (9,211) |  | — |  | (9,211) |  | — |  | 7,786 |  | (1,425)
Total |  | (19,874) |  | — |  | (19,874) |  | 11,998 |  | 7,804 |  | (72)
|  | December 31, 2019 |  |
|  |  |  |  |  | Net amount of |  |  |  |  |  |
|  |  |  | Gross amounts |  | liabilities |  | Gross amounts not offset in |  |
|  |  |  | offset in the |  | presented |  | the consolidated statement of |  |
|  |  |  | consolidated |  | in the |  | financial position |  |
|  | Gross |  | statement of |  | consolidated |  |  |  | Cash |  |
Description |  | amounts of |  | financial |  | statement of |  | Financial |  | collateral |  | Net
|  | liabilities |  | position |  | financial position |  | instruments |  | pledged |  | Amount
Securities sold under repurchase agreements |  | (40,530) |  | — |  | (40,530) |  | 41,937 |  | 320 |  | 1,727
Derivative financial instruments used for hedging |  | (14,675) |  | — |  | (14,675) |  | — |  | 14,632 |  | (43)
Total |  | (55,205) |  | — |  | (55,205) |  | 41,937 |  | 14,952 |  | 1,684
Securities at amortized cost |
Disclosure of nature and extent of risks arising from financial instruments [line items] |
Schedule of credit risk exposure |
December 31, 2020
|  | 12-month PD |  |  |  |  |  |  |  |
|  | Ranges |  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Grades 1 – 4 |  | 0.03 - 0.74 |  | 108,505 |  | — |  | — |  | 108,505
Grades 5 - 6 |  | 0.75 - 3.95 |  | 50,562 |  | 5,007 |  | — |  | 55,569
|  |  |  | 159,067 |  | 5,007 |  | — |  | 164,074
Loss allowance |  |  |  | (462) |  | (33) |  | — |  | (495)
Total |  |  |  | 158,605 |  | 4,974 |  | — |  | 163,579
December 31, 2019
|  | 12-month PD |  |  |  |  |  |  |  |
|  | Ranges |  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Grades 1 – 4 |  | 0.03 - 0.74 |  | 73,047 |  | — |  | — |  | 73,047
Grades 5 - 6 |  | 0.75 - 3.95 |  | — |  | 1,500 |  | — |  | 1,500
|  |  |  | 73,047 |  | 1,500 |  | — |  | 74,547
Loss allowance |  |  |  | (103) |  | (10) |  | — |  | (113)
Total |  |  |  | 72,944 |  | 1,490 |  | — |  | 74,434
Schedule of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments |
|  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Allowance for expected credit losses as of December 31, 2019 |  | 103 |  | 10 |  | — |  | 113
Transfer to lifetime expected credit losses |  | (10) |  | 10 |  | — |  | —
Net effect of changes in allowance for expected credit losses |  | 15 |  | 23 |  | — |  | 38
Financial instruments that have been derecognized during the year |  | (76) |  | (10) |  | — |  | (86)
New financial assets originated or purchased |  | 430 |  | — |  | — |  | 430
Allowance for expected credit losses as of December 31, 2020 |  | 462 |  | 33 |  | — |  | 495
|  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Allowance for expected credit losses as of December 31, 2018 |  | 113 |  | 27 |  | — |  | 140
Net effect of changes in allowance for expected credit losses |  | (1) |  | (17) |  | — |  | (18)
Financial instruments that have been derecognized during the year |  | (46) |  | — |  | — |  | (46)
New financial assets originated or purchased |  | 37 |  | — |  | — |  | 37
Allowance for expected credit losses as of December 31, 2019 |  | 103 |  | 10 |  | — |  | 113
Securities at FVOCI |
Disclosure of nature and extent of risks arising from financial instruments [line items] |
Schedule of credit risk exposure |
December 31, 2020
|  | 12-month PD |  |  |  |  |  |  |  |
|  | Ranges |  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Grades 1 – 4 |  | 0.03 - 0.74 |  | 231,348 |  | — |  | — |  | 231,348
|  |  |  | 231,348 |  | — |  | — |  | 231,348
Loss allowance |  |  |  | (43) |  | — |  | — |  | (43)
Total |  |  |  | 231,305 |  | — |  | — |  | 231,305
December 31, 2019
|  | 12-month PD |  |  |  |  |  |  |  |
|  | Ranges |  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Grades 1 - 4 |  | 0.03 - 0.74 |  | 5,094 |  | — |  | — |  | 5,094
|  |  |  | 5,094 |  | — |  | — |  | 5,094
Loss allowance |  |  |  | — |  | — |  | — |  | —
Total |  |  |  | 5,094 |  | — |  | — |  | 5,094
Schedule of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments |
|  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Allowance for expected credit losses as of December 31, 2019 |  | — |  | — |  | — |  | —
Financial instruments that have been derecognized during the year |  | 43 |  | — |  | — |  | 43
Allowance for expected credit losses as of December 31, 2020 |  | 43 |  | — |  | — |  | 43
Securities at fair value through other comprehensive income (FVOCI)
|  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Allowance for expected credit losses as of December 31, 2018 |  | 33 |  | 140 |  | — |  | 173
Financial instruments that have been derecognized during the year |  | (33) |  | (140) |  | — |  | (173)
Allowance for expected credit losses as of December 31, 2019 |  | — |  | — |  | — |  | —
Loans at amortized cost |
Disclosure of nature and extent of risks arising from financial instruments [line items] |
Schedule of credit risk exposure |
December 31, 2020
|  | PD Ranges |  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Grades 1 - 4 |  | 0.03 - 0.74 |  | 2,582,794 |  | — |  | — |  | 2,582,794
Grades 5 - 6 |  | 0.75 - 3.95 |  | 1,928,142 |  | 167,996 |  | — |  | 2,096,138
Grades 7 - 8 |  | 3.96 - 30.67 |  | 102,532 |  | 119,340 |  | 10,593 |  | 232,465
Grades 9 - 10 |  | 30.68 - 100 |  | — |  | — |  | — |  | —
|  |  |  | 4,613,468 |  | 287,336 |  | 10,593 |  | 4,911,397
Loss allowance |  |  |  | (16,661) |  | (19,916) |  | (4,588) |  | (41,165)
Total |  |  |  | 4,596,807 |  | 267,420 |  | 6,005 |  | 4,870,232
December 31, 2019
|  | PD Ranges |  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Grades 1 – 4 |  | 0.03 - 0.74 |  | 2,928,401 |  | — |  | — |  | 2,928,401
Grades 5 - 6 |  | 0.75 - 3.95 |  | 2,330,150 |  | 85,173 |  | — |  | 2,415,323
Grades 7 - 8 |  | 3.96 - 30.67 |  | 343,606 |  | 143,822 |  | — |  | 487,428
Grades 9 - 10 |  | 30.68 - 100 |  | — |  | — |  | 61,845 |  | 61,845
|  |  |  | 5,602,157 |  | 228,995 |  | 61,845 |  | 5,892,997
Loss allowance |  |  |  | (28,892) |  | (15,842) |  | (54,573) |  | (99,307)
Total |  |  |  | 5,573,265 |  | 213,153 |  | 7,272 |  | 5,793,690
Schedule of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments |
|  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Allowance for expected credit losses as of December 31, 2019 |  | 28,892 |  | 15,842 |  | 54,573 |  | 99,307
Transfer to lifetime expected credit losses |  | (886) |  | 886 |  | — |  | —
Transfer to credit-impaired financial instruments |  | — |  | (2,100) |  | 2,100 |  | —
Net effect of changes in allowance for expected credit losses |  | 134 |  | 13,443 |  | (118) |  | 13,459
Financial instruments that have been derecognized during the year |  | (24,307) |  | (3,729) |  | — |  | (28,036)
New financial assets originated or purchased |  | 12,828 |  | — |  | — |  | 12,828
Write-offs |  | — |  | (4,426) |  | (52,106) |  | (56,532)
Recoveries |  | — |  | — |  | 139 |  | 139
Allowance for expected credit losses as of December 31, 2020 |  | 16,661 |  | 19,916 |  | 4,588 |  | 41,165
|  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Allowance for expected credit losses as of December 31, 2018 |  | 34,957 |  | 16,389 |  | 49,439 |  | 100,785
Transfer to lifetime expected credit losses |  | (2,488) |  | 2,488 |  | — |  | —
Net effect of changes in allowance for expected credit losses |  | (2,154) |  | 5,881 |  | 7,987 |  | 11,714
Financial instruments that have been derecognized during the year |  | (27,118) |  | (8,916) |  | (500) |  | (36,534)
New financial assets originated or purchased |  | 25,695 |  | — |  | — |  | 25,695
Write-offs |  | — |  | — |  | (2,405) |  | (2,405)
Recoveries |  | — |  | — |  | 52 |  | 52
Allowance for expected credit losses as of December 31, 2019 |  | 28,892 |  | 15,842 |  | 54,573 |  | 99,307
Loan commitments and financial guarantees contracts |
Disclosure of nature and extent of risks arising from financial instruments [line items] |
Schedule of credit risk exposure |
December 31, 2020
|  | 12-month PD |  |  |  |  |  |  |  |
|  | Ranges |  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Commitments and contingencies |  |  |  |  |  |  |  |  |  |
Grades 1 - 4 |  | 0.03 - 0.74 |  | 245,927 |  | — |  | — |  | 245,927
Grades 5 - 6 |  | 0.75 - 3.95 |  | 198,638 |  | 38,446 |  | — |  | 237,084
Grades 7 - 8 |  | 3.96 - 30.67 |  | 81,887 |  | — |  | — |  | 81,887
|  |  |  | 526,452 |  | 38,446 |  | — |  | 564,898
Customers' liabilities under acceptances |  |  |  |  |  |  |  |  |  |
Grades 1 - 4 |  | 0.03 - 0.74 |  | 1,498 |  | — |  | — |  | 1,498
Grades 5 - 6 |  | 0.75 - 3.95 |  | 723 |  | — |  | — |  | 723
Grades 7 - 8 |  | 3.96 - 30.67 |  | 72,145 |  | — |  | — |  | 72,145
|  |  |  | 74,366 |  | — |  | — |  | 74,366
|  |  |  | 600,818 |  | 38,446 |  | — |  | 639,264
Loss allowance |  |  |  | (2,426) |  | (478) |  | — |  | (2,904)
Total |  |  |  | 598,392 |  | 37,968 |  | — |  | 636,360
December 31, 2019
|  | 12-month PD |  |  |  |  |  |  |  |
|  | Ranges |  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Commitments and contingencies |  |  |  |  |  |  |  |  |  |
Grades 1 - 4 |  | 0.03 - 0.74 |  | 153,874 |  | — |  | — |  | 153,874
Grades 5 - 6 |  | 0.75 - 3.95 |  | 150,631 |  | 27,446 |  | — |  | 178,077
Grades 7 - 8 |  | 4.13 - 30.43 |  | 161,421 |  | — |  | — |  | 161,421
|  |  |  | 465,926 |  | 27,446 |  | — |  | 493,372
Customers' liabilities under acceptances |  |  |  |  |  |  |  |  |  |
Grades 1 - 4 |  | 0.03 - 0.74 |  | 13,367 |  | — |  | — |  | 13,367
Grades 5 - 6 |  | 0.75 - 3.95 |  | 5,491 |  | — |  | — |  | 5,491
Grades 7 - 8 |  | 4.13 - 30.43 |  | 96,824 |  | — |  | — |  | 96,824
|  |  |  | 115,682 |  | — |  | — |  | 115,682
|  |  |  | 581,608 |  | 27,446 |  | — |  | 609,054
Loss allowance |  |  |  | (2,683) |  | (361) |  | — |  | (3,044)
Total |  |  |  | 578,925 |  | 27,085 |  | — |  | 606,010
Schedule of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments |
|  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Allowance for expected credit losses as of December 31, 2019 |  | 2,683 |  | 361 |  | — |  | 3,044
Transfer to lifetime expected credit losses |  | (96) |  | 96 |  | — |  | —
Net effect of changes in reserve for expected credit losses |  | 37 |  | 42 |  | — |  | 79
Financial instruments that have been derecognized during the year |  | (1,864) |  | (21) |  | — |  | (1,885)
New instruments originated or purchased |  | 1,666 |  | — |  | — |  | 1,666
Allowance for expected credit losses as of December 31, 2020 |  | 2,426 |  | 478 |  | — |  | 2,904
|  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Allowance for expected credit losses as of December 31, 2018 |  | 3,089 |  | 200 |  | — |  | 3,289
Net effect of changes in reserve for expected credit losses |  | (17) |  | 170 |  | — |  | 153
Financial instruments that have been derecognized during the year |  | (2,497) |  | (9) |  | — |  | (2,506)
New instruments originated or purchased |  | 2,108 |  | — |  | — |  | 2,108
Allowance for expected credit losses as of December 31, 2019 |  | 2,683 |  | 361 |  | — |  | 3,044
Foreign exchange risk |
Disclosure of nature and extent of risks arising from financial instruments [line items] |
Schedule of sensitivity analysis of fair value due to change in interest rate. |
|  | Change in |  | Effect on |  | Effect on
|  | interest rate |  | profit or loss |  | equity
December 31, 2020 |  | +50 bps |  | 1,182 |  | 16,618
|  | -50 bps |  | (5,161) |  | 107
December 31, 2019 |  | +50 bps |  | 3,064 |  | 7,461
|  | -50 bps |  | (3,064) |  | (7,461)
Schedule of risk arising from financial instruments |
|  | December 31, 2020
|  | Brazilian |  | European |  | Japanese |  | Colombian |  | Mexican |  | Other |  |
|  | Real |  | Euro |  | Yen |  | Peso |  | Peso |  | Currencies(1) |  | Total
Exchance rate |  | 5.19 |  | 1.22 |  | 103.23 |  | 3,430.19 |  | 19.92 |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | 81 |  | 13 |  | 1 |  | 20 |  | 1,615 |  | 80 |  | 1,810
Loans |  | — |  | — |  | — |  | — |  | 182,395 |  | — |  | 182,395
Total Assets |  | 81 |  | 13 |  | 1 |  | 20 |  | 184,010 |  | 80 |  | 184,205
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings and debt |  | — |  | — |  | — |  | — |  | (183,863) |  | — |  | (183,863)
Total liabilities |  | — |  | — |  | — |  | — |  | (183,863) |  | — |  | (183,863)
Net currency position |  | 81 |  | 13 |  | 1 |  | 20 |  | 147 |  | 80 |  | 342
(1) It includes other currencies such as: Argentine pesos, Australian dollar, Swiss franc, Sterling pound, Peruvian soles, and Chinese renminbi.
|  | December 31, 2019
|  | Brazilian |  | European |  | Japanese |  | Colombian |  | Mexican |  | Other |  | Total
|  | Real |  | Euro |  | Yen |  | Peso |  | Peso |  | Currencies (1) |  |
Exchance rate |  | 4.02 |  | 1.12 |  | 108.67 |  | 3,287.50 |  | 18.88 |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | 274 |  | 17 |  | 4 |  | 34 |  | 4,243 |  | 58 |  | 4,630
Loans |  | — |  | — |  | — |  | — |  | 473,729 |  | — |  | 473,729
Total Assets |  | 274 |  | 17 |  | 4 |  | 34 |  | 477,972 |  | 58 |  | 478,359
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings and debt |  | — |  | — |  | — |  | — |  | (478,038) |  | — |  | (478,038)
Total liabilities |  | — |  | — |  | — |  | — |  | (478,038) |  | — |  | (478,038)
Net currency position |  | 274 |  | 17 |  | 4 |  | 34 |  | (66) |  | 58 |  | 321
(1) It includes other currencies such as: Argentine pesos, Australian dollar, Swiss franc, Sterling pound, Peruvian soles, and Chinese renminbi.

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