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Fair value of financial instruments (Tables)
 12 Months Ended
Dec. 31, 2022
Fair value of financial instruments  
Schedule of financial instruments measured at fair value on a recurring basis by caption on the consolidated statement of financial position using the fair value hierarchy
Financial instruments measured at fair value on a recurring basis by caption on the consolidated statement of financial position using the fair value hierarchy are described below:
December 31, 2022
Level 1Level 2Level 3Total
Assets
Securities at FVOCI - Corporate debt— 78,372 — 78,372 
Derivative financial instruments - assets:
Interest rate swaps
— 483 — 483 
Cross-currency swaps
— 45,806 — 45,806 
Foreign exchange forwards
— 21,870 — 21,870 
Total derivative financial instrument assets— 68,159 — 68,159 
Total assets at fair value— 146,531 — 146,531 
Liabilities
Derivative financial instruments - liabilities:
Interest rate swaps
— 544 — 544 
Cross-currency swaps
— 33,217 — 33,217 
Total derivative financial instruments - liabilities— 33,761 — 33,761 
Total liabilities at fair value— 33,761 — 33,761 
A.    Recurring valuation (continued)
December 31, 2021
Level 1Level 2Level 3Total
Assets
Securities at FVOCI - Corporate debt— 194,491 — 194,491 
Loans at FVTPL— — 5,313 5,313 
Total— 194,491 5,313 199,804 
Derivative financial instruments - assets:
Interest rate swaps
— 1,282 — 1,282 
Cross-currency swaps
— 9,523 — 9,523 
Total derivative financial instrument assets— 10,805 — 10,805 
Total assets at fair value— 205,296 5,313 210,609 
Liabilities
Derivative financial instruments - liabilities:
Interest rate swaps
— 538 — 538 
Cross-currency swaps
— 27,917 — 27,917 
Total derivative financial instruments - liabilities— 28,455 — 28,455 
Total liabilities at fair value— 28,455 — 28,455 
Schedule of carrying value and an estimated fair value of the bank's financial instruments that are not measured on a recurring basis
The following table provides information on the carrying value and the estimated fair value of the Bank’s financial instruments that are not measured on a recurring basis:
December 31, 2022
Carrying
value		Fair
value		Level 1Level 2Level 3
Assets
Cash and deposits in banks1,241,586 1,241,586 — 1,241,586 — 
Securities at amortized cost (1)
945,260 895,154 — 894,034 1,120 
Loans at amortized cost (2)
6,760,434 6,785,652 — 6,785,652 — 
Customers' liabilities under acceptances163,345 163,345 — 163,345 — 
Liabilities
Deposits3,205,386 3,205,386 — 3,205,386 — 
Securities sold under repurchase agreements300,498 300,498 — 300,498 — 
Borrowings and debt, net4,416,511 4,389,902 — 4,389,902 — 
Acceptances outstanding163,345 163,345 — 163,345 — 
and unearned interest and deferred fees of
December 31, 2021
Carrying
value		Fair
value		Level 1Level 2Level 3
Assets
Cash and deposits in banks1,253,052 1,253,052 — 1,253,052 — 
Securities at amortized cost (1)
637,422 632,848 — 628,284 4,564 
Loans at amortized cost, net (2)
5,707,709 5,806,915 — 5,806,915 — 
Customers' liabilities under acceptances201,515 201,515 — 201,515 — 
Liabilities
Deposits3,037,457 3,037,457 — 3,037,457 — 
Securities sold under repurchase agreements427,497 427,497 — 427,497 — 
Borrowings and debt, net3,304,178 3,294,135 — 3,294,135 — 
Acceptances outstanding201,515 201,515 — 201,515 — 
(1)The carrying value of securities at amortized cost is net of accrued interest receivable of $11.2 million and the allowance for expected credit losses of $8.0 million as of December 31, 2022 (accrued interest receivable of $8.1 million and the allowance for expected credit losses of $1.8 million as of December 31, 2021).
(2)The carrying value of loans at amortized cost is net of accrued interest receivable of $70.0 million, the allowance for expected credit losses of $55.2 million and unearned interest and deferred fees of $17.3 million as of December 31, 2022 (accrued interest receivable of $23.3 million, the allowance for expected credit losses of $41.5 million and unearned interest and deferred fees of $8.7 million as of December 31, 2021).
C
Schedule of movement of instruments measured at level 3 fair value
The following table presents the movement of a level 3 financial instruments measured at fair value :
Loans at
FVTPL
At December 31, 20204,949 
Net changes in fair value(1)
364 
At December 31, 20215,313 
Net changes in fair value(1)
437 
Sales(5,750)
At December 31, 2022— 
Schedule of significant inputs used in the measurement of instruments at level 3 fair value
Inputs used in the fair value measurement are detailed as follows:
Observable inputsUnobservable inputs
Forward interest rate referenced to 12M USD LiborDiscount rate or discount margin of floating rate bond "USD US composite B+" with credit risk similar to the instrument analyzed adjusted by the country risk premium.

Fair value measurement sensitivity to unobservable inputs – discount rate2021
A significant increase in volatility would result in a lower fair value
6.860% to 7.84%
Schedule of changing one or more assumptions used can generate the following effect For fair value measurements in level 3, changing one or more of the assumptions used would have the following effects.
Loans at FVTPLEffect on profit or loss
+ 100 bps to the observable and unobservable inputs(108)
- 100 bps to the observable and unobservable inputs111