Capital and Reserves

12 Months Ended

Dec. 31, 2025

Capital and Reserves

Capital and Reserves

A.    Common stock and additional paid-in capital

Common stock

The Bank’s common stock is divided into four categories:

1)“Class A”; shares may only be issued to Latin American Central Banks or banks in which the state or other government agency is the majority shareholder.

2)“Class B”; shares may only be issued to banks or financial institutions.

3)“Class E”; shares may be issued to any person whether a natural person or a legal entity.

4)“Class F”; may only be issued to state entities and agencies of non-Latin American countries, including, among others, central banks and majority state-owned banks in those countries, and multilateral financial institutions either international or regional institutions.

The holders of “Class B” shares have the right to convert or exchange their “Class B” shares, at any time, and without restriction, for “Class E” shares, exchanging one share for another share.

The following table provides detailed information on the movement of the shares by class for each of the years ended December 31, 2025, 2024 and 2023:

(Share units)	“Class A”	“Class B”	“Class E”	“Class F”	Total
Authorized	40,000,000	40,000,000	100,000,000	100,000,000	280,000,000
Outstanding at January 1, 2023	6,342,189	2,089,075	27,893,290	—	36,324,554
Restricted stock issued – directors	—	—	63,000	—	63,000
Restricted stock units – vested	—	—	152,305	—	152,305
Outstanding at December 31, 2023	6,342,189	2,089,075	28,108,595	—	36,539,859
Restricted stock issued – directors	—	—	57,000	—	57,000
Restricted stock units – vested	—	—	193,959	—	193,959
Outstanding at December 31, 2024	6,342,189	1,712,034	28,736,595	—	36,790,818
Conversions	—	(884,460)	884,460	—	—
Repurchased common stock	—	(1)	1	—	—
Restricted stock issued – directors	—	—	63,000	—	63,000
Restricted stock issued - executives	—	—	185,217	—	185,217
Restricted stock units – vested	—	—	191,173	—	191,173
Outstanding at December 31, 2025	6,342,189	827,573	30,060,446	—	37,230,208

Additional paid-in capital

As of December 31, 2025, 2024 and 2023, additional paid-in capital consists of additional cash contributions to the common capital paid by shareholders.

B.    Treasury stock

The following table presents information regarding shares repurchased but not retired by the Bank and accordingly classified as treasury stock:

	“Class A”		“Class B”		“Class E”		Total
	Shares	Amount	Shares	Amount	Shares	Amount	Shares	Amount
Outstanding at January 1, 2023	318,140	10,708	689,367	18,711	4,647,774	84,678	5,655,281	114,097
Restricted stock issued - directors	—	—	—	—	(63,000)	(1,148)	(63,000)	(1,148)
Restricted stock units - vested	—	—	—	—	(152,305)	(2,775)	(152,305)	(2,775)
Outstanding at December 31, 2023	318,140	10,708	689,367	18,711	4,432,469	80,755	5,439,976	110,174
Repurchase of common stock	—	—	—	—	(1)	—	(1)	—
Restricted stock issued - directors	—	—	—	—	(57,000)	(1,038)	(57,000)	(1,038)
Restricted stock units - vested	—	—	—	—	(193,959)	(3,535)	(193,959)	(3,535)
Outstanding at December 31, 2024	318,140	10,708	689,367	18,711	4,181,509	76,182	5,189,016	105,601
Restricted stock issued - directors	—	—	—	—	(63,000)	(1,148)	(63,000)	(1,148)
Restricted stock issued - executives	—	—	—	—	(185,217)	(3,373)	(185,217)	(3,373)
Restricted stock units - vested	—	—	—	—	(191,173)	(3,483)	(191,173)	(3,483)
Outstanding at December 31, 2025	318,140	10,708	689,367	18,711	3,742,119	68,178	4,749,626	97,597