“Interest expense and similar charges” in the consolidated income statement includes the interest accruing in the year on all financial liabilities with an implicit or explicit return, including remuneration in kind, calculated by applying the effective interest method, regardless the fair value measurement; the rectifications of cost as a result of hedge accounting; and the interest cost attributable to pension funds.
The breakdown of the main items of interest expense and similar charges accrued in 2017, 2016 and 2015 is as follows:
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| Thousand of reais |
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| 2017 |
| 2016 |
| 2015 |
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| Credit institutions deposits |
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| 3,782,781 |
| 3,369,931 |
| 4,584,244 | ||
| Debt securities issued |
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| 19,490,807 |
| 25,693,236 |
| 20,666,382 | ||
| Marketable debt securities and subordinated liabilities: |
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| Marketable debt securities (note 19) |
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| 7,901,199 |
| 12,212,922 |
| 10,047,874 | ||
| Subordinated liabilities (note 20) |
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| 52,984 |
| 731,594 |
| 1,019,302 | ||
| Debt Instruments Eligible to Compose Capital (note 21) |
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| 495,188 |
| 501,748 |
| 503,290 | ||||
| Provisions for pensions (note 24.b) |
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| 292,628 |
| 290,920 |
| 404,171 | ||
| Other interest (1) |
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| 4,456,273 |
| 3,759,233 |
| 1,307,826 |
| Total |
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| 36,471,860 |
| 46,559,584 |
| 38,533,089 |
(1) In December 31 2015, includes R$2,057 million related to the reversal of legal obligations realized.