4. Net interest income

XLS

Interest income	12 months ended 31.12.2019	12 months ended 31.12.2018
Amounts due from banks	23,326	17,323
Loans and advances to customers measured at amortised cost, including:	3,284,550	2,347,366
non-banking financial institutions	19,692	18,866
retail customers	1,493,807	989,605
economic operators	1,624,670	1,217,331
including retail farmers	440,094	429,895
public sector institutions	6,958	5,099
leasing receivables	139,423	116,465
Debt instruments measured at fair value through profit or loss	63,924	77,311
Debt instruments measured at amortised cost	445,823	257,703
Debt instruments measured at fair value through profit or loss	931	1,064
Debt instruments measured at fair value through other comprehensive income	215,945	167,805
Derivative instruments as part of fair value hedge accounting	153,560	115,233
Purchased repo transactions	24	24
Total interest income	4,188,083	2,983,829

XLS

Interest expense	12 months ended 31.12.2019	12 months ended 31.12.2018
Amounts due to banks	(103,034)	(104,505)
Debt securities issued	(78,011)	(76,167)
Amounts due to customers, including:	(685,232)	(593,258)
non-banking financial institutions	(45,118)	(53,786)
retail customers	(419,923)	(311,909)
economic operators	(204,778)	(207,563)
including retail farmers	(4,298)	(5,246)
public sector institutions	(15,413)	(20,000)
Leasing liabilities	(8,704)	–
Derivative instruments as part of fair value hedge accounting	(118,763)	(93,592)
Repo transactions	(25,580)	(9,456)
Total interest expense	(1,019,324)	(876,978)
Net interest income	3,168,759	2,106,851

The value of interest expenses calculated using the effective interest rate in relation to financial liabilities, which are measured at amortized cost, amounted to PLN 891,857 thousand (PLN 783,386 thousand for the 12 months ended 31 December 2018).

In 2019, the total value of interest income calculated using the effective interest rate in relation to financial assets that are measured at fair value through other comprehensive income amounted to PLN 215,945 thousand.

Interest income includes interest on financial assets assessed individually and collectively, for which impairment was identified. The amount of the above mentioned interest, which was recognized in the interest income for 2019, amounted to PLN 94,913 thousand, as compared to PLN 72,635 thousand for 2018.

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4. Net interest income

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