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
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/890541/000114420418023750/blx-20171231.xml
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    • ifrs-full:DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsExplanatory

    The significant changes in the gross carrying amount of financial assets during the period that contributed to changes in the loss allowance, is provided at the table below:
     
    Loans
     
     
     
    Stage 1
     
    Stage 2
     
    Stage 3
     
    Total
     
    Gross carrying amount as of December 31, 2016
     
     
    5,019,368
     
     
    935,999
     
     
    65,364
     
     
    6,020,731
     
    Transfer in book value to stage 2
     
     
    (41,167)
     
     
    41,167
     
     
    -
     
     
    -
     
    Transfer to lifetime expected credit losses - credit-impaired
     
     
    -
     
     
    (46,673)
     
     
    46,673
     
     
    -
     
    Transfer in book value to stage 1
     
     
    8,000
     
     
    (8,000)
     
     
    -
     
     
    -
     
    Financial assets that have been derecognised during the year
     
     
    (4,214,697)
     
     
    (313,394)
     
     
    (21,667)
     
     
    (4,549,758)
     
    Changes due to financial instruments recognized as of December 31, 2016
     
     
    (4,247,864)
     
     
    (326,900)
     
     
    25,006
     
     
    (4,549,758)
     
    New financial assets originated or purchased
     
     
    4,067,723
     
     
    -
     
     
    -
     
     
    4,067,723
     
    Write-offs
     
     
    -
     
     
    (1,427)
     
     
    (31,611)
     
     
    (33,038)
     
    Gross carrying amount as of December 31, 2017
     
     
    4,839,227
     
     
    607,672
     
     
    58,759
     
     
    5,505,658
     
     
    Loans
     
     
     
    Stage 1
     
    Stage 2
     
    Stage 3
     
    Total
     
    Gross carrying amount as of December 31, 2015
     
     
    6,282,752
     
     
    356,668
     
     
    52,329
     
     
    6,691,749
     
    Transfer in book value to stage 2
     
     
    (828,589)
     
     
    828,589
     
     
    -
     
     
    -
     
    Transfer to lifetime expected credit losses – not credit-impaired
     
     
    (12,000)
     
     
    (45,056)
     
     
    57,056
     
     
    -
     
    Transfer in book value to stage 1
     
     
    90,770
     
     
    (90,770)
     
     
    -
     
     
    -
     
    Financial assets that have been derecognized during the year
     
     
    (4,577,890)
     
     
    (113,432)
     
     
    (25,214)
     
     
    (4,716,536)
     
    Changes due to financial instruments recognized as of December 31, 2015
     
     
    (5,327,709)
     
     
    579,331
     
     
    31,842
     
     
    (4,716,536)
     
    New financial assets originated or purchased
     
     
    4,064,325
     
     
    -
     
     
    -
     
     
    4,064,325
     
    Write-offs
     
     
    -
     
     
    -
     
     
    (18,807)
     
     
    (18,807)
     
    Gross carrying amount as of December 31, 2016
     
     
    5,019,368
     
     
    935,999
     
     
    65,364
     
     
    6,020,731