10 Interest Expense
June 30, 2021 | June 30, 2020 | |
Interest on debentures and notes hedged | -25,475 | -26,237 |
Interest on debentures and notes not hedged | -24,988 | -34,071 |
Interest on short-term credits | 71 | -519 |
Interest expenses related to banks (assets)¹ | -2,049 | -828 |
Total interest expense from financial instruments measured at AC | -52,441 | -61,655 |
Interest on derivatives related to funding portfolio | 36,926 | 3,650 |
Total interest expense from financial instruments measured at FVPL | 36,926 | 3,650 |
Interest on leases | -80 | -89 |
Total interest expense | -15,595 | -58,094 |
- 1 Interest expense is related to Cash and balances held at Central bank. Overnight deposits rates at central banks are negative in the Eurozone, implying interest expense on assets.