Banco Latinoamericano de Comercio Exterior, S. A. / "Long-term" | Tables in SEC filings

BLX Banco Latinoamericano de Comercio Exterior, S. A.

Annual report (foreign)

The breakdown of long-term borrowings and debt (original maturity of more than one year), along with contractual interest rates, plus prepaid commissions are as follows:

December 31,
2023	2022
Long-term borrowings:	At fixed interest rates		—	75,000
At floating interest rates with due dates from May 2024 to May 2026	537,775		575,275
Principal	537,775		650,275
Less: Transaction costs	(1,904)		(2,952)
Total long-term borrowings, net	535,871		647,323
Long-term debt:	At fixed interest rates with due dates from March 2024 to November 2034		1,456,290	1,136,743
At floating interest rates with due dates from November 2024 to August 2028	641,530		443,984
Principal	2,097,820		1,580,727
Less: Transaction costs	(6,308)		(5,764)
Total long-term debt, net	2,091,512		1,574,963
Total long-term borrowings and debt, net	2,627,383		2,222,286
Range of fixed interest rates on borrowings and debt in U.S. dollars	1.35% to 6.15%		0.80% to 5.81%
Range of floating interest rates on borrowings and debt in U.S. dollars	6.32% to 7.31%		4.96% to 6.04%
Range of fixed interest rates on borrowings and debt in Mexican pesos	6.50% to 10.78%		6.50% to 9.20%
Range of floating interest rates on borrowings and debt in Mexican pesos	11.70% to 11.95%		10.55% to 10.93%
Range of fixed interest rates on debt in Japanese yens	0.40% to 1.35%		0.40% to 1.27%
Range of fixed interest rates on debt in Euros	0.90% to 3.75%		0.23% to 3.75%
Range of fixed interest rates on debt in Australian dollars	1.41% to 6.81%		1.41% to 6.81%
Range of fixed interest rates on debt in Sterling pounds	1.50	%	1.50	%
Range of fixed interest rates on debt in Swiss francs	0.35	%	0.35	%

2023 vs. 2022	2022 vs. 2021
Volume(*)		Rate(*)	Net Change			Volume(*)			Rate(*)			Net Change
(in $ thousands)
Increase (decrease) in interest income		Interest bearing deposits with banks	$	14,153	$	47,633	$	61,786	$	358	$	17,292	$	17,650	Investment securities	(1,617)	10,043	8,426	10,191	3,870	14,061	Loans	9,318	267,109	276,427	42,880	117,147	160,027	Total increase (decrease)	$	21,854	$	324,785	$	346,639	$	53,429	$	138,309	$	191,738	(Increase) decrease in interest expense	Demand deposits	(3,676)	(15,009)	(18,685)	(65)	(5,791)	(5,856)	Time deposits	(11,854)	(120,459)	(132,313)	(105)	(47,236)	(47,341)	Total Deposits	(15,530)	(135,468)	(150,998)	(170)	(53,027)	(53,197)	Securities sold under repurchase agreement and short-term borrowings and debt	7,777	(62,541)	(54,764)	(25,260)	(16,065)	(41,325)	Long-term borrowings and debt, net	(12,909)	(42,796)	(55,705)	(14,534)	(21,452)	(35,986)	Total (increase) decrease	$	(20,662)	$	(240,805)	$	(261,467)	$	(39,964)	$	(90,544)	$	(130,508)	Increase (decrease) in net interest income	$	1,192	$	83,980	$	85,172	$	13,465	$	47,765	$	61,230

As of and for the Year Ended December 31,
2023	2022		2021
(in $ millions, except percentages)
Long-term borrowings and debt (*)	Amount outstanding at year-end		$	2,636	$	2,231	$	1,728	Maximum amount outstanding at any month-end	$	2,636	$	2,234	$	1,728	Net average amount outstanding during the year	$	2,383	$	2,052	$	1,539	Weighted average interest rate on average amount outstanding	5.20	%	3.39	%	2.26	%
Weighted average interest rate on amount outstanding at year end	5.32	%	4.72			%	2.22			%

As of December 31,
2023	2022		2021
(in percentages)
Deposits	48.6	%	40.3			%	44.9			%
Securities sold under repurchase agreements	3.4	3.8	6.3	Short-term borrowings and debt, net	19.0		27.8	23.4	Long-term borrowings and debt, net	29.0	28.1	25.4	Total interest-bearing liabilities	100.0	%	100.0	%	100.0	%

2023	2022			2021
Balance as of January 1,			4,416,511		3,304,178	1,966,271	Net (decrease) increase in short-term borrowings and debt	(500,650)		579,065	1,196,710	Proceeds from long-term borrowings and debt	496,342		1,038,110	266,640	Payments of long-term borrowings and debt	(221,306)		(536,792)	(97,520)	Change in foreign currency rates	157,440		45,460	(27,528)	Fair value adjustment due to hedge accounting relationship	2,126		(9,334)	(2,034)	Other adjustments	1,525		(4,176)	1,639	Balance as of December 31,	4,351,988		4,416,511	3,304,178

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