Financial liabilities called “Deposits from customers” are initially measured at fair value and subsequently at amortized cost, using the effective interest rate method.
Composition by nature
| R$ thousand | ||
| On December 31 | ||
| 2017 | 2016 | |
| Demand deposits | 33,058,324 | 32,521,234 |
| Savings deposits | 103,332,697 | 97,088,828 |
| Time deposits | 125,617,424 | 103,137,867 |
| Total | 262,008,445 | 232,747,929 |