Net Interest Income

12 Months Ended

Dec. 31, 2020

28. Net interest income

28.1. Interest income

Interest revenue calculated using the effective interest method.


	2020		2019		2018
Interest from government securities		33,664,109		49,098,038		20,684,183
Interest from credit card loans		18,707,357		28,656,180		19,619,248
Interest from other loans		11,269,542		7,377,124		7,690,032
Interest from overdrafts		10,814,487		13,839,785		15,053,918
Interest from commercial papers		10,182,777		15,051,005		13,629,461
Interest from consumer loans		9,562,611		12,301,110		15,941,930
UVA clause adjustment (1)		9,232,639		14,787,161		9,071,650
Premium for reverse repurchase agreements		4,956,430		2,462,919		1,410,373
Interest from car loans		2,995,000		1,972,697		3,113,187
Stabilization Coefficient (CER) clause adjustment (1)		2,546,829		108,472		234,610
Interest from loans for the prefinancing and financing of exports		1,429,432		4,295,451		3,663,772
Interest on loans to financial institutions		1,207,423		3,700,450		4,775,119
Interest from mortgage loans		931,823		1,890,592		1,942,756
Interest from financial leases		541,336		801,446		1,351,442
Interest from private securities		23,115		14,594		87,700
Other financial income		457,849		10,897		86

TOTAL		118,522,759		156,367,921		118,269,467

(1)	Adjustment clauses based on the variation of the consumer price index.

28.2. Interest expenses


	2020		2019		2018
Time deposits		33,236,039		52,834,019		35,573,477
Savings accounts deposits		2,700,162		3,749,806		9,186,451
Other liabilities		2,662,424		5,728,338		3,722,117
Bank loans		1,394,983		1,230,240		383,690
UVA clause adjustment (1)		1,011,135		2,096,368		2,688,015
Interest on the lease liability		373,512		432,547		—
Premium for reverse repurchase agreements		—		3,598		230,784
Others		93,637		48,153		24,291

TOTAL		41,471,892		66,123,069		51,808,825

(1)	Adjustment clause based on the variation of the consumer price index.