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Loan commitments and financial guarantee contracts
 12 Months Ended
Dec. 31, 2024
Loan commitments and financial guarantee contracts  
Loan commitments and financial guarantee contracts
In the normal course of business, to meet the financing needs of its customers, the Bank is party to loan commitments and financial guarantee contracts. These instruments involve, to varying degrees, elements of credit and market risk in excess of the amount recognized in the consolidated statement of financial position. Credit risk represents the possibility of loss resulting from the failure of a customer to perform in accordance with the terms of a contract.
The Bank’s outstanding loan commitments and financial guarantee contracts are as follows:
December 31,
20242023
Documentary letters of credit536,350 345,608 
Stand-by letters of credit and guarantees - commercial risk520,285 490,626 
Credit commitments348,223 227,472 
 Letter of credit commitments
9,522 — 
Total1,414,380 1,063,706 
The remaining maturity profile of the Bank’s outstanding loan commitments and financial guarantee contracts is as follows:
December 31,
20242023
Up to 1 year1,160,323 901,716 
From 1 to 2 years145,127 84,581 
Over 2 to 5 years100,643 77,409 
More than 5 years8,287 — 
Total1,414,380 1,063,706