XML 92 R77.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Financial risk review - Schedule of Reconciliation of Changes in Loss Allowance and Explanation of Changes in Gross Carrying Amount for Financial Instruments (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Credit risk |  |  |
Net effect of changes in allowance for expected credit losses | $ 17,017 | $ 8,906 | $ (2,551)
Financial instruments that have been derecognized during the year | (22,956) | (16,770) | (16,873)
New instruments originated or purchased | 33,402 | 27,385 | 21,752
Write-offs | (7,000) |  |
At amortized cost |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 941,971 |  |
Net effect of changes in allowance for expected credit losses | 1,741 | 4,897 | (20)
Financial instruments that have been derecognized during the year | (1,292) | (420) | (193)
New instruments originated or purchased | 238 | 1,684 | 1,508
Credit-impaired loans at end of year | 999,544 | 941,971 |
Securities at amortized cost |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 77,972 |  |
Net effect of changes in allowance for expected credit losses | 0 | 0 | 0
Financial instruments that have been derecognized during the year | (11) | (16) | (17)
New instruments originated or purchased | 2 | 0 | 0
Credit-impaired loans at end of year | 11,824 | 77,972 |
Loans at amortized cost |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 6,763,020 |  |
Net effect of changes in allowance for expected credit losses | 15,313 | 4,208 | (2,477)
Financial instruments that have been derecognized during the year | (18,829) | (13,217) | (14,715)
New instruments originated or purchased | 28,870 | 22,560 | 17,343
Credit-impaired loans at end of year | 7,195,567 | 6,763,020 |
Loan commitments and financial guarantee contracts |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 942,719 |  |
Net effect of changes in allowance for expected credit losses | (37) | (199) | (54)
Financial instruments that have been derecognized during the year | (2,824) | (3,117) | (1,948)
New instruments originated or purchased | 4,292 | 3,141 | 2,901
Credit-impaired loans at end of year | 1,325,134 | 942,719 |
Loss allowance | At amortized cost |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 7,951 | 1,790 |
Transfer to lifetime expected credit losses | 0 | 0 |
Transfer to credit-impaired financial instruments |  | 0 |
Net effect of changes in allowance for expected credit losses | 1,741 | 4,897 |
Financial instruments that have been derecognized during the year | (1,292) | (420) |
New instruments originated or purchased | 238 | 1,684 |
Write-offs | (7,006) |  |
Credit-impaired loans at end of year | 1,632 | 7,951 | 1,790
Loss allowance | Securities at amortized cost |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 10 | 26 |
Financial instruments that have been derecognized during the year | (11) |  |
New instruments originated or purchased | 2 | 16 |
Credit-impaired loans at end of year | 1 | 10 | 26
Loss allowance | Loans at amortized cost |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 55,200 | 41,476 |
Transfer to lifetime expected credit losses | 0 | 0 |
Transfer to 12-month expected credit losses |  | 0 |
Transfer to credit-impaired financial instruments |  | 0 |
Net effect of changes in allowance for expected credit losses | 15,313 | 4,208 |
Financial instruments that have been derecognized during the year | (18,829) | (13,217) |
New instruments originated or purchased | 28,870 | 22,560 |
Write-offs | (21,144) | (893) |
Recoveries |  | 1,066 |
Credit-impaired loans at end of year | 59,410 | 55,200 | 41,476
Loss allowance | Loan commitments and financial guarantee contracts |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 3,628 | 3,803 |
Transfer to lifetime expected credit losses | 0 |  |
Transfer to 12-month expected credit losses | 0 | 0 |
Net effect of changes in allowance for expected credit losses | (37) | (199) |
Financial instruments that have been derecognized during the year | (2,824) | (3,117) |
New instruments originated or purchased | 4,292 | 3,141 |
Credit-impaired loans at end of year | 5,059 | 3,628 | 3,803
Expected credit losses collectively assessed | Loss allowance | At amortized cost |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 4,002 | 0 |
Transfer to lifetime expected credit losses | 0 | 0 |
Transfer to credit-impaired financial instruments |  | 33 |
Net effect of changes in allowance for expected credit losses | 1,252 | 3,969 |
Financial instruments that have been derecognized during the year | 0 | 0 |
New instruments originated or purchased | 0 | 0 |
Write-offs | (5,254) |  |
Credit-impaired loans at end of year | 0 | 4,002 | 0
Expected credit losses collectively assessed | Loss allowance | Securities at amortized cost |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 0 | 0 |
Financial instruments that have been derecognized during the year | 0 |  |
New instruments originated or purchased | 0 | 0 |
Credit-impaired loans at end of year | 0 | 0 | 0
Expected credit losses collectively assessed | Loss allowance | Loans at amortized cost |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 21,561 | 5,186 |
Transfer to lifetime expected credit losses | 0 | 0 |
Transfer to 12-month expected credit losses |  | 0 |
Transfer to credit-impaired financial instruments |  | 130 |
Net effect of changes in allowance for expected credit losses | 6,481 | 16,072 |
Financial instruments that have been derecognized during the year | 0 | 0 |
New instruments originated or purchased | 0 | 0 |
Write-offs | (21,144) | (893) |
Recoveries |  | 1,066 |
Credit-impaired loans at end of year | 6,898 | 21,561 | 5,186
Expected credit losses collectively assessed | Loss allowance | Loan commitments and financial guarantee contracts |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 0 | 0 |
Transfer to lifetime expected credit losses | 0 |  |
Transfer to 12-month expected credit losses | 0 | 0 |
Net effect of changes in allowance for expected credit losses | 0 | 0 |
Financial instruments that have been derecognized during the year | 0 | 0 |
New instruments originated or purchased | 0 | 0 |
Credit-impaired loans at end of year | 0 | 0 | 0
Current | Loss allowance | At amortized cost |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 2,170 | 1,790 |
Transfer to lifetime expected credit losses | (46) | (46) |
Transfer to credit-impaired financial instruments |  | (33) |
Net effect of changes in allowance for expected credit losses | (58) | (13) |
Financial instruments that have been derecognized during the year | (1,074) | (420) |
New instruments originated or purchased | 238 | 892 |
Write-offs | 0 |  |
Credit-impaired loans at end of year | 1,230 | 2,170 | 1,790
Current | Loss allowance | Securities at amortized cost |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 10 | 26 |
Financial instruments that have been derecognized during the year | (11) |  |
New instruments originated or purchased | 2 | 16 |
Credit-impaired loans at end of year | 1 | 10 | 26
Current | Loss allowance | Loans at amortized cost |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 28,589 | 20,115 |
Transfer to lifetime expected credit losses | (752) | (29) |
Transfer to 12-month expected credit losses |  | 176 |
Transfer to credit-impaired financial instruments |  | (130) |
Net effect of changes in allowance for expected credit losses | (2,363) | (1,718) |
Financial instruments that have been derecognized during the year | (17,950) | (12,385) |
New instruments originated or purchased | 27,254 | 22,560 |
Write-offs | 0 | 0 |
Recoveries |  | 0 |
Credit-impaired loans at end of year | 34,778 | 28,589 | 20,115
Current | Loss allowance | Loan commitments and financial guarantee contracts |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 3,605 | 3,472 |
Transfer to lifetime expected credit losses | (24) |  |
Transfer to 12-month expected credit losses | 22 | 133 |
Net effect of changes in allowance for expected credit losses | (58) | (160) |
Financial instruments that have been derecognized during the year | (2,824) | (2,981) |
New instruments originated or purchased | 3,184 | 3,141 |
Credit-impaired loans at end of year | 3,905 | 3,605 | 3,472
Total | Expected credit losses individually assessed | Loss allowance | At amortized cost |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 1,779 | 0 |
Transfer to lifetime expected credit losses | 46 | 46 |
Transfer to credit-impaired financial instruments |  | 0 |
Net effect of changes in allowance for expected credit losses | 547 | 941 |
Financial instruments that have been derecognized during the year | (218) | 0 |
New instruments originated or purchased | 0 | 792 |
Write-offs | (1,752) |  |
Credit-impaired loans at end of year | 402 | 1,779 | 0
Total | Expected credit losses individually assessed | Loss allowance | Securities at amortized cost |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 0 | 0 |
Financial instruments that have been derecognized during the year | 0 |  |
New instruments originated or purchased | 0 | 0 |
Credit-impaired loans at end of year | 0 | 0 | 0
Total | Expected credit losses individually assessed | Loss allowance | Loans at amortized cost |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 5,050 | 16,175 |
Transfer to lifetime expected credit losses | 752 | 29 |
Transfer to 12-month expected credit losses |  | (176) |
Transfer to credit-impaired financial instruments |  | 0 |
Net effect of changes in allowance for expected credit losses | 11,195 | (10,146) |
Financial instruments that have been derecognized during the year | (879) | (832) |
New instruments originated or purchased | 1,616 | 0 |
Write-offs | 0 | 0 |
Recoveries |  | 0 |
Credit-impaired loans at end of year | 17,734 | 5,050 | 16,175
Total | Expected credit losses individually assessed | Loss allowance | Loan commitments and financial guarantee contracts |  |  |
Credit risk |  |  |
Credit-impaired loans at beginning of year | 23 | 331 |
Transfer to lifetime expected credit losses | 24 |  |
Transfer to 12-month expected credit losses | (22) | (133) |
Net effect of changes in allowance for expected credit losses | 21 | (39) |
Financial instruments that have been derecognized during the year | 0 | (136) |
New instruments originated or purchased | 1,108 | 0 |
Credit-impaired loans at end of year | $ 1,154 | $ 23 | $ 331

X
- Definition Increase Decrease Through Transfers Financial Assets To 12-month Expected Credit Losses + References No definition available. + Details
Name: | blx_IncreaseDecreaseThroughTransfersFinancialAssetsTo12MonthExpectedCreditLosses
Namespace Prefix: | blx_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The increase (decrease) in financial assets resulting from transfers to credit-impaired financial instruments. + References No definition available. + Details
Name: | blx_IncreaseDecreaseThroughTransfersFinancialAssetsToCreditImpairedFinancialInstruments
Namespace Prefix: | blx_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The increase (decrease) in financial assets resulting from transfers to lifetime expected credit losses + References No definition available. + Details
Name: | blx_IncreaseDecreaseThroughTransfersFinancialAssetsToLifetimeExpectedCreditLosses
Namespace Prefix: | blx_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The increase in financial assets resulting from origination or purchase. + References No definition available. + Details
Name: | blx_IncreaseThroughRecoveryFinancialAssets
Namespace Prefix: | blx_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The decrease in financial assets resulting from derecognition. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph IG20B -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_IG20B&doctype=Implementation%20Guidance -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 35H -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_35H&doctype=Standard -URIDate 2023-03-23 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 35I -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_35I_c&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DecreaseThroughDerecognitionFinancialAssets
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The decrease in financial assets resulting from write-off. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph IG20B -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_IG20B&doctype=Implementation%20Guidance -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 35H -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_35H&doctype=Standard -URIDate 2023-03-23 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 35I -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_35I_c&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DecreaseThroughWriteoffFinancialAssets
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table. + References No definition available. + Details
Name: | ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity’s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity’s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments. For this purpose the entity’s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity’s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 25 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_25&doctype=Standard -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 35H -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_35H&doctype=Standard -URIDate 2023-03-23 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 35M -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_35M&doctype=Standard -URIDate 2023-03-23 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 35N -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_35N&doctype=Standard -URIDate 2023-03-23 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 35I -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_35I&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_FinancialAssets
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The increase (decrease) in financial assets resulting from changes in models or risk parameters. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph IG20B -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_IG20B&doctype=Implementation%20Guidance -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 35H -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_35H&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseThroughChangesInModelsOrRiskParametersFinancialAssets
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The increase in financial assets resulting from origination or purchase. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph IG20B -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_IG20B&doctype=Implementation%20Guidance -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 35H -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_35H&doctype=Standard -URIDate 2023-03-23 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 35I -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_35I_a&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=blx_LoansReceivablesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=blx_LoanCommitmentsAndFinancialGuaranteesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=blx_AccumulatedImpairmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_MethodOfAssessmentOfExpectedCreditLossesAxis=ifrs-full_ExpectedCreditLossesCollectivelyAssessedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis=ifrs-full_TwelvemonthExpectedCreditLossesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis=ifrs-full_LifetimeExpectedCreditLossesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_MethodOfAssessmentOfExpectedCreditLossesAxis=ifrs-full_ExpectedCreditLossesIndividuallyAssessedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |