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Investments held to maturity
12 Months Ended
Dec. 31, 2017
Financial assets pledged as collateral [Abstract]  
Investments held to maturity

22.  Investments held to maturity

 

 

R$ thousand

Amortized cost

Gross unrealized gains

Gross unrealized losses

Fair value

Securities:

 

 

 

Brazilian government securities

26,738,940

2,442,844

(6,489)

29,175,295

Corporate debt securities

12,259,564

126,092

(421,874)

11,963,782

Brazilian sovereign bonds

7,614

(420)

7,194

Balance on December 31, 2017

39,006,118

2,568,936

(428,783)

41,146,271

 

 

 

 

 

Securities:

 

 

 

Brazilian government securities

30,241,947

2,918,273

(306,566)

32,853,654

Corporate debt securities

12,739,187

28,750

(1,388,614)

11,379,323

Brazilian sovereign bonds

20,894

878

21,772

Balance on December 31, 2016

43,002,028

2,947,901

(1,695,180)

44,254,749

 

Maturity

 

 

R$ thousand

On December 31, 2017

On December 31, 2016

Amortized cost

Fair value

Amortized cost

Fair value

Due within one year

29,412

28,998

From 1 to 5 years

10,284,940

11,070,179

12,932,440

13,133,746

From 5 to 10 years

1,933,866

1,840,428

3,068,980

2,905,497

Over 10 years

26,757,900

28,206,666

27,000,608

28,215,506

Total

39,006,118

41,146,271

43,002,028

44,254,749

 

Financial instruments pledged as collateral and classified as held to maturity, totaled R$ 431 thousand in 2016, as disclosed in Note 23 - "Assets Pledged as Collateral".

 

In 2017, the Organization maintained a total of R$ 2,005 thousand (R$1,825 thousand in 2016) as investments held to maturity   pledged as a guarantee for liabilities.

 

 

We applied our Impairment policy, described in Note 2(f)(viii)(b), and in 2017 there was objective evidence of loss in our investments held to maturity in the amount of R$ 54,520 thousand.