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Related party transactions | 12 Months Ended
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Dec. 31, 2021
Related party transactions |
Related party transactions | 28. Related party transactions The detail of the assets and liabilities with related private corporations and financial institutions is as follows:
| December 31, 2021 |  | December 31, 2020
Assets |  |  |
Demand deposits | 2,680 |  |  | 3,269 |
Loans, net | 29,857 |  |  | 22,499 |
Total asset | 32,537 |  |  | 25,768 |
Liabilities |  |  |
Time deposits | 150,000 |  |  | 240,000 |
Total liabilities | 150,000 |  |  | 240,000 |
Contingencies |  |  |
Stand-by letters of credit | 9,130 |  |  | 28,300 |
Loss allowance | (37) |  |  | (60) |
The detail of income and expenses with related parties is as follows:
| December 31,
| 2021 |  | 2020 |  | 2019
Interest income |  |  |  |  |
Loans | 211 |  |  | 1,390 |  |  | 2,837 |
Interest expense |  |  |  |  |
Deposits | (1,866) |  |  | (2,961) |  |  | (3,927) |
Borrowings and debt (1) | — |  |  | — |  |  | (645) |
Total interest expense | (1,866) |  |  | (2,961) |  |  | (4,572) |
Net interest income (expenses) | (1,655) |  |  | (1,571) |  |  | (1,735) |
Other income (expense) |  |  |  |  |
Fees and commissions, net | 216 |  |  | 420 |  |  | 132 |
(Loss) on financial instruments, net | — |  |  | — |  |  | (41) |
Total other income, net | 216 |  |  | 420 |  |  | 91 |
Operating expenses |  |  |  |  |
Depreciation of equipment and leasehold improvements | — |  |  | — |  |  | (899) |
Other expenses | — |  |  | — |  |  | (409) |
Total operating expenses | — |  |  | — |  |  | (1,308) |
Net income from related parties | (1,439) |  |  | (1,151) |  |  | (2,952) |
(1) This caption includes the financial cost relating to lease and depreciation expense for the right-of-use assets that originates from the lease contract with related parties where the Bank acts as a lessee through December 31, 2019. The total compensation paid to directors and the executives as representatives of the Bank amounted to:
| December 31,
| 2021 |  | 2020 |  | 2019
Expenses: |  |  |  |  |
Compensation costs to directors | 1,877 |  |  | 2,033 |  |  | 2,289 |
Compensation costs to executives | 4,083 |  |  | 5,448 |  |  | 3,244 |
Compensation costs of directors and executives include annual cash retainers and the cost of granted restricted stock and restricted stock units.

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- Definition The entire disclosure for related parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2021-01-01 -Section Disclosures -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=24&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IAS24_g13-24_TI -URIDate 2021-03-24 + Details
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