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Securities sold under repurchase agreements
12 Months Ended
Dec. 31, 2020
Securities sold under repurchase agreements  
Securities sold under repurchase agreements

20.Securities sold under repurchase agreements

 

As of December 31, 2020, and 2019, the Bank had financing transactions under repurchase agreements for $10.7 million and $40.5 million, respectively.

During the years ended December 31, 2020, 2019 and 2018, interest expense related to financing transactions under repurchase agreements totaled $432 thousand, $1.1 million and $635 thousand,  respectively. These expenses are included as interest expense – borrowings and debt line in the consolidated statement of profit or loss.