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Consolidated statement of cash flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Profit for the year $ 62,697 $ 63,593 $ 86,053
Adjustments to reconcile profit for the year to net cash (used in) provided by operating activities:      
Depreciation of investment property, equipment and leasehold improvements 2,749 3,587 2,854
Amortization of intangible assets 742 753 702
Gain on investment property - Right-of-use (742) 0 0
Gain on investment property - Fair value 0 (296) (500)
Provision for (reversal of) credit losses 2,328 (1,464) 430
Unrealized (gain) loss on financial instruments at FVTPL (227) 806 0
Net gain on sale of financial assets at FVOCI (14) 0 (186)
Gain on sale of financial instruments at amortized cost (333) 0 0
Compensation cost - share-based payment 1,908 1,722 1,782
Net changes in hedging position and foreign currency (428) (194) (18,273)
Loss on disposal of equipment and leasehold improvements 255 30 22
Loss on derecognition of intangible assets 0 1 0
Realized loss on investment instrument "debenture" measured at FVTPL 0 2,175 2,258
Interest income (140,883) (180,973) (273,682)
Interest expense 54,101 88,523 164,167
Net decrease (increase) in operating assets:      
Pledged deposits (24,248) 648 21,008
Loans (821,531) 911,073 (111,967)
Other assets (1,705) 2,321 7,891
Net increase (decrease) in operating liabilities:      
Due to depositors (102,672) 250,564 (78,822)
Other liabilities (4,677) 1,432 3,074
Cash flows (used in) provided by operating activities (972,680) 1,144,301 (193,189)
Interest received 154,293 194,129 275,068
Interest paid (53,327) (91,021) (174,311)
Net cash (used in) provided by operating activities (871,714) 1,247,409 (92,432)
Cash flows from investing activities:      
Acquisition of equipment and leasehold improvements (453) (997) (1,028)
Acquisition of intangible assets (353) (1,311) (496)
Proceeds from the sale in investment property 0 0 500
Proceeds from the sale of securities at FVOCI 33,492 1,882 14,037
Proceeds from the sale of securities at amortized cost 16,369 0 0
Proceeds from the redemption of securities at FVOCI 10,000 0 8,094
Proceeds from the redemption of securities at amortized cost 123,302 52,576 28,274
Purchases of securities at FVOCI (9,999) (227,027) 0
Purchases of investments at FVTPL 0 (1,433) 0
Purchases of securities at amortized cost (618,440) (143,594) (18,316)
Net cash (used in) provided by investing activities (446,082) (319,904) 31,065
Cash flows from financing activities:      
Increase (decrease) in securities sold under repurchase agreements 416,835 (29,867) 764
Net increase (decrease) in short-term borrowings and debt 1,196,710 (1,212,023) (428,611)
Proceeds from long-term borrowings and debt 266,640 827,732 371,536
Payments of long-term borrowings and debt (97,520) (781,274) (368,843)
Payments of lease liabilities (1,227) (1,114) (1,072)
Dividends paid (38,570) (44,669) (58,881)
Repurchase of common stock (60,079) 0 0
Net cash provided by (used in) financing activities 1,682,789 (1,241,215) (485,107)
Increase (decrease) net in cash and cash equivalents 364,993 (313,710) (546,474)
Cash and cash equivalents at beginning of the year 846,008 1,159,718 1,706,192
Cash and cash equivalents at end of the year $ 1,211,001 $ 846,008 $ 1,159,718