FOREIGN TRADE BANK OF LATIN AMERICA, INC. | CIK:0000890541 | 3

  • Filed: 4/30/2018
  • Entity registrant name: FOREIGN TRADE BANK OF LATIN AMERICA, INC. (CIK: 0000890541)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/890541/000114420418023750/0001144204-18-023750-index.htm
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    • ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory

    The allowance for expected credit losses relating to securities at fair value through other comprehensive income, which is recorded in equity under accumulated other comprehensive income (loss), is as follow:
     
     
     
    Stage 1  (1)
     
    Stage 2  (2)
     
    Stage 3  (3)
     
    Total
     
    Allowance for expected credit losses as of December 31, 2016
     
     
    42
     
     
    263
     
     
    -
     
     
    305
     
    Transfer to lifetime expected credit losses
     
     
    -
     
     
    -
     
     
    -
     
     
    -
     
    Transfer to credit-impaired financial assets
     
     
    -
     
     
    -
     
     
    -
     
     
    -
     
    Transfer to 12-month expected credit losses
     
     
    -
     
     
    -
     
     
    -
     
     
    -
     
    Net effect of changes in reserve for expected credit losses
     
     
    (6)
     
     
    (65)
     
     
    -
     
     
    (71)
     
    Financial assets that have been derecognized during the year
     
     
    (12)
     
     
    -
     
     
    -
     
     
    (12)
     
    Changes due to financial instruments recognized as of December 31, 2016:
     
     
    (18)
     
     
    (65)
     
     
    -
     
     
    (83)
     
    New financial assets originated or purchased
     
     
    -
     
     
    -
     
     
    -
     
     
    -
     
    Write-offs
     
     
    -
     
     
    -
     
     
    -
     
     
    -
     
    Allowance for expected credit losses as of December 31, 2017
     
     
    24
     
     
    198
     
     
    -
     
     
    222
     
     
     
     
    Stage 1  (1)
     
    Stage 2  (2)
     
    Stage 3  (3)
     
    Total
     
    Allowance for expected credit losses as of December 31, 2015
     
     
    234
     
     
    178
     
     
    6,737
     
     
    7,149
     
    Transfer to lifetime expected credit losses
     
     
    (31)
     
     
    456
     
     
    -
     
     
    425
     
    Transfer to credit-impaired financial assets
     
     
    -
     
     
    -
     
     
    -
     
     
    -
     
    Transfer to 12-month expected credit losses
     
     
    -
     
     
    -
     
     
    -
     
     
    -
     
    Net effect of changes in reserve for expected credit losses
     
     
    (15)
     
     
    (168)
     
     
    -
     
     
    (183)
     
    Financial assets that have been derecognized during the year
     
     
    (174)
     
     
    (203)
     
     
    -
     
     
    (377)
     
    Changes due to financial instruments recognized as of December 31, 2015:
     
     
    (220)
     
     
    85
     
     
    -
     
     
    (135)
     
    New financial assets originated or purchased
     
     
    28
     
     
    -
     
     
    -
     
     
    28
     
    Write-offs
     
     
    -
     
     
    -
     
     
    (6,737)
     
     
    (6,737)
     
    Allowance for expected credit losses as of December 31, 2016
     
     
    42
     
     
    263
     
     
    -
     
     
    305
     
     
    (1)
    12-month expected credit losses.
    (2)
    Lifetime expected credit losses.
     
     
    (3)
    Credit-impaired financial assets (lifetime expected credit losses).