This is the value of the amount of interest expense incurred from loans and lease financing. Loans are financial assets that are: (1) created when a creditor lends funds directly to a debtor; and (2) are evidenced by non-negotiable documents. Finance leases are leases that transfer substantially all the risks and rewards incidental to the ownership of the asset. Title may or may not eventually be transferred. 

Interest bearing liabilities exclude any interest recognised on hedging of liabilities related to the non-banking book, include interest expense on derivatives held on the banking book for hedging of liabilities at item 4.1.5.