| Leases |
Note 13: Leases
The Bank enters into operating lease agreements either as the lessee or the lessor, mostly for office and parking spaces as well as for small office equipment. The terms of the existing leases, including renewal options that are reasonably certain to be exercised, extend up to the year 2039. Certain lease payments will be adjusted during the related lease's term based on movements in the relevant consumer price index. | | | | | | | | | | | | | | | Year ended | | | | | December 31, 2025 | December 31, 2024 | | | Lease costs | | | | | | | Operating lease costs | | | 6,737 | | 7,685 | | | | | | | | | | Short-term lease costs | | | 1,410 | | 1,645 | | | | Sublease income | | | — | | (580) | | | | Total net lease cost | | | 8,147 | | 8,750 | | | | Operating lease income | | | 1,481 | | 1,362 | | | | | | | | | | Other information for the period | | | | | | | Right-of-use assets related to new operating lease liabilities | | | 5,101 | | 2,068 | | | | Operating cash flows from operating leases | | | 5,556 | | 6,903 | | | | | | | | | | | | Year ended | | | Other information at end of period | | | December 31, 2025 | December 31, 2024 | | | Operating leases right-of-use assets (included in other assets on the balance sheets) | | | 38,079 | | 35,347 | | | | Operating lease liabilities (included in other liabilities on the balance sheets) | | | 38,725 | | 35,604 | | | | Weighted average remaining lease term for operating leases (in years) | | | 11.53 | 11.87 | | | Weighted average discount rate for operating leases | | | 5.90 | % | 5.93 | % | |
| | | | | | The following table summarizes the maturity analysis of the Bank's commitments for long-term leases as at December 31, 2025: | | Year ending December 31 | Operating Leases | | 2026 | 5,248 | | | 2027 | 5,408 | | | 2028 | 5,332 | | | 2029 | 4,691 | | | 2030 | 4,195 | | | 2031 & thereafter | 17,106 | | | Total commitments | 41,980 | | | Less: effect of discounting cash flows to their present value | (3,255) | | | Operating lease liabilities | 38,725 | |
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| Leases |
Note 13: Leases
The Bank enters into operating lease agreements either as the lessee or the lessor, mostly for office and parking spaces as well as for small office equipment. The terms of the existing leases, including renewal options that are reasonably certain to be exercised, extend up to the year 2039. Certain lease payments will be adjusted during the related lease's term based on movements in the relevant consumer price index. | | | | | | | | | | | | | | | Year ended | | | | | December 31, 2025 | December 31, 2024 | | | Lease costs | | | | | | | Operating lease costs | | | 6,737 | | 7,685 | | | | | | | | | | Short-term lease costs | | | 1,410 | | 1,645 | | | | Sublease income | | | — | | (580) | | | | Total net lease cost | | | 8,147 | | 8,750 | | | | Operating lease income | | | 1,481 | | 1,362 | | | | | | | | | | Other information for the period | | | | | | | Right-of-use assets related to new operating lease liabilities | | | 5,101 | | 2,068 | | | | Operating cash flows from operating leases | | | 5,556 | | 6,903 | | | | | | | | | | | | Year ended | | | Other information at end of period | | | December 31, 2025 | December 31, 2024 | | | Operating leases right-of-use assets (included in other assets on the balance sheets) | | | 38,079 | | 35,347 | | | | Operating lease liabilities (included in other liabilities on the balance sheets) | | | 38,725 | | 35,604 | | | | Weighted average remaining lease term for operating leases (in years) | | | 11.53 | 11.87 | | | Weighted average discount rate for operating leases | | | 5.90 | % | 5.93 | % | |
| | | | | | The following table summarizes the maturity analysis of the Bank's commitments for long-term leases as at December 31, 2025: | | Year ending December 31 | Operating Leases | | 2026 | 5,248 | | | 2027 | 5,408 | | | 2028 | 5,332 | | | 2029 | 4,691 | | | 2030 | 4,195 | | | 2031 & thereafter | 17,106 | | | Total commitments | 41,980 | | | Less: effect of discounting cash flows to their present value | (3,255) | | | Operating lease liabilities | 38,725 | |
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