10 Interest Expense

 

June 30, 2022

June 30, 2021

Interest on debentures and notes hedged

-29,863

-25,475

Interest on debentures and notes not hedged

-25,553

-24,988

Interest on short-term credits

-400

71

Interest expenses related to banks (assets)¹

-1,891

-2,049

Total interest expense from financial instruments measured at AC

-57,707

-52,441

Interest on derivatives related to funding portfolio

34,327

36,926

Total interest expense from financial instruments measured at FVPL

34,327

36,926

Interest on leases

-73

-80

Total interest expense

-23,453

-15,595

  • 1 Interest expense is related to Cash and balances held at Central bank. Overnight deposits rates at central banks were negative in the Eurozone, implying interest expense on assets.