Note 32 - Interest Income and Expense

6 Months Ended

Jun. 30, 2019

Interest Income And Expense

Disclosure of Interest Income Expense

32. Net interest income

32.1. Interest and other income

The breakdown of the interest and other income recognized in the accompanying consolidated incomestatement is as follows:

Interest and other similar income. Breakdown by origin (Millions of Euros)
	June 2019	June 2018
Financial assets held for trading	1.071	813
Financial assets designated at fair value through profit or loss	77	71
Financial assets at fair value through other comprehensive income	975	744
Financial assets at amortized cost	12.956	11.985
Adjustments of income as a result of hedging transactions	(38)	129
Other income	143	147
Insurance activity	494	528
Total	15.678	14.418

32.2. Interest expense

The breakdown of the balance under this heading in the accompanying consolidated income statements is as follows:

Interest expense (Millions of Euros)
	June 2019	June 2018
Financial liabilities held for trading	746	135
Financial liabilities designated at fair value through profit or loss	3	-
Financial liabilities at amortized cost (*)	5.613	4.939
Adjustments of expense as a result of hedging transactions	(136)	300
Insurance activity	338	366
Other expense	127	89
Total	6.691	5.828

(*) Includes €58 million in June 2019 corresponding to interest expense on leases (see Note 21.6).