Cover
Cover | 6 Months Ended |
Jun. 30, 2021 | |
Cover [Abstract] | |
Document type | 6-K |
Entity registrant name | LLOYDS BANKING GROUP plc |
Document period end date | Jun. 30, 2021 |
Entity central index key | 0001160106 |
Amendment flag | false |
Current fiscal year end date | --12-31 |
Document fiscal year focus | 2021 |
Document fiscal period focus | Q2 |
CONSOLIDATED INCOME STATEMENT (
CONSOLIDATED INCOME STATEMENT (UNAUDITED) - GBP (£) £ in Millions | 6 Months Ended | ||
Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | |
Profit or loss [abstract] | |||
Interest income | £ 6,544 | £ 6,732 | £ 7,574 |
Interest expense | (2,171) | (2,539) | (1,018) |
Net interest income | 4,373 | 4,193 | 6,556 |
Fee and commission income | 1,294 | 1,187 | 1,121 |
Fee and commission expense | (601) | (590) | (558) |
Net fee and commission income | 693 | 597 | 563 |
Net trading income | 9,515 | 12,431 | (5,211) |
Insurance premium income | 4,249 | 4,371 | 4,244 |
Other operating income | 738 | 703 | 720 |
Other income | 15,195 | 18,102 | 316 |
Total income | 19,568 | 22,295 | 6,872 |
Insurance claims | (11,489) | (15,064) | 1,023 |
Total income, net of insurance claims | 8,079 | 7,231 | 7,895 |
Operating expenses | (4,897) | (5,077) | (4,668) |
Impairment | 723 | (326) | (3,829) |
Profit (loss) before tax | 3,905 | 1,828 | (602) |
Tax (expense) credit | (40) | (460) | 621 |
Profit for the period | 3,865 | 1,368 | 19 |
Profit (loss) attributable to ordinary shareholders | 3,611 | 1,099 | (234) |
Profit attributable to other equity holders | 213 | 219 | 234 |
Profit attributable to equity holders | 3,824 | 1,318 | 0 |
Profit attributable to non-controlling interests | £ 41 | £ 50 | £ 19 |
Basic earnings (loss) per share (in GBP per share) | £ 0.051 | £ 0.015 | £ (0.003) |
Diluted earnings (loss) per share (in GBP per share) | £ 0.050 | £ 0.015 | £ (0.003) |
CONSOLIDATED STATEMENT OF COMPR
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) - GBP (£) £ in Millions | 6 Months Ended | |||||
Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | ||||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | ||||||
Profit for the period | £ 3,865 | £ 1,368 | £ 19 | |||
Post-retirement defined benefit scheme remeasurements: | ||||||
Remeasurements before tax | 604 | (530) | 668 | |||
Tax | (323) | 129 | (154) | |||
Remeasurements after tax | 281 | (401) | 514 | |||
Movements in revaluation reserve in respect of equity shares held at fair value through other comprehensive income: | ||||||
Change in fair value | 40 | 12 | (62) | |||
Tax | 1 | (16) | 0 | |||
Fair value, net of tax | 41 | (4) | (62) | |||
Gains and losses attributable to own credit risk: | ||||||
Losses before tax | (48) | (72) | (3) | |||
Tax | 22 | 19 | 1 | |||
Gains and (losses) net of tax | (26) | (53) | (2) | |||
Movements in revaluation reserve in respect of debt securities held at fair value through other comprehensive income: | ||||||
Change in fair value | 36 | 67 | (21) | |||
Income statement transfers in respect of disposals | (15) | (12) | (137) | |||
Income statement transfers in respect of impairment | (2) | (1) | 6 | |||
Tax | 7 | 31 | 43 | |||
Other comprehensive income, net of tax, financial assets measured at fair value through other comprehensive income | 26 | 85 | (109) | |||
Movements in cash flow hedging reserve: | ||||||
Effective portion of changes in fair value taken to other comprehensive income | (1,153) | (160) | 890 | |||
Net income statement transfers | (296) | (273) | (223) | |||
Tax | 372 | 100 | (209) | |||
Cash flow hedging reserve | (1,077) | (333) | 458 | |||
Movements in foreign currency translation reserve: | ||||||
Currency translation differences (tax: £nil) | (23) | (24) | 28 | |||
Transfers to income statement (tax: £nil) | 0 | 13 | 0 | |||
Currency translation differences (tax: £nil) | (23) | (11) | 28 | |||
Other comprehensive income for the period, net of tax | (778) | (717) | 827 | |||
Total comprehensive income for the period | 3,087 | [1] | 651 | [2] | 846 | [3] |
Total comprehensive income attributable to ordinary shareholders | 2,833 | 382 | 593 | |||
Total comprehensive income attributable to other equity holders | 213 | 219 | 234 | |||
Total comprehensive income attributable to equity holders | 3,046 | 601 | 827 | |||
Total comprehensive income attributable to non-controlling interests | £ 41 | £ 50 | £ 19 | |||
[1] | Total comprehensive income attributable to owners of the parent was £3,046 million | |||||
[2] | Total comprehensive income attributable to owners of the parent was £601 million. | |||||
[3] | Total comprehensive income attributable to owners of the parent was £827 million |
CONSOLIDATED STATEMENT OF COM_2
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Parenthetical) (UNAUDITED) - GBP (£) £ in Millions | 6 Months Ended | ||
Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | |
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | |||
Tax on currency translation differences | £ 0 | £ 0 | £ 0 |
Tax on transfers to income statement | £ 0 | £ 0 | £ 0 |
CONSOLIDATED BALANCE SHEET
CONSOLIDATED BALANCE SHEET - GBP (£) £ in Millions | Jun. 30, 2021 | Dec. 31, 2020 | ||
Assets | ||||
Cash and balances at central banks | £ 78,966 | £ 73,257 | ||
Items in the course of collection from banks | 163 | 299 | ||
Financial assets at fair value through profit or loss | 177,589 | 171,626 | ||
Derivative financial instruments | 22,193 | 29,613 | ||
Loans and advances to banks | 10,811 | 10,746 | ||
Loans and advances to customers | 500,356 | 498,843 | ||
Debt securities | 5,008 | 5,405 | ||
Financial assets at amortised cost | 516,175 | 514,994 | ||
Financial assets at fair value through other comprehensive income | 26,213 | 27,603 | ||
Investments in joint ventures and associates | 313 | 296 | ||
Goodwill | 2,320 | 2,320 | ||
Value of in-force business | 5,727 | 5,617 | ||
Other intangible assets | 4,299 | 4,140 | ||
Property, plant and equipment | 11,518 | 11,754 | ||
Current tax recoverable | 792 | 660 | ||
Deferred tax assets | 3,346 | 2,741 | ||
Retirement benefit assets | 3,134 | 1,714 | ||
Assets arising from contracts held with reinsurers | 19,922 | 20,385 | ||
Other assets | 7,017 | 4,250 | ||
Total assets | 879,687 | 871,269 | ||
Liabilities | ||||
Deposits from banks | 20,655 | 31,465 | ||
Customer deposits | 482,349 | 460,068 | ||
Items in course of transmission to banks | 325 | 306 | ||
Financial liabilities at fair value through profit or loss | 21,054 | 22,646 | ||
Derivative financial instruments | 17,951 | 27,313 | ||
Notes in circulation | 1,368 | 1,305 | ||
Debt securities in issue | 81,268 | 87,397 | ||
Liabilities arising from insurance contracts and participating investment contracts | 120,368 | 116,060 | ||
Liabilities arising from non-participating investment contracts | 42,031 | 38,452 | ||
Other liabilities | 24,871 | 20,347 | ||
Retirement benefit obligations | 234 | 245 | ||
Current tax liabilities | 0 | 31 | ||
Deferred tax liabilities | 42 | 45 | ||
Other provisions | 1,758 | 1,915 | ||
Subordinated liabilities | 13,527 | 14,261 | ||
Total liabilities | 827,801 | 821,856 | ||
Equity | ||||
Share capital | 7,097 | 7,084 | ||
Share premium account | 17,872 | 17,863 | ||
Other reserves | 12,713 | 13,747 | ||
Retained profits | 8,079 | 4,584 | ||
Ordinary shareholders’ equity | 45,761 | 43,278 | ||
Other equity instruments | 5,906 | 5,906 | ||
Total equity excluding non-controlling interests | 51,667 | 49,184 | ||
Non-controlling interests | 219 | 229 | ||
Total equity | 51,886 | [1] | 49,413 | [2] |
Total equity and liabilities | £ 879,687 | £ 871,269 | ||
[1] | .2Total equity attributable to owners of the parent was £51,667 million | |||
[2] | Total equity attributable to owners of the parent was £49,184 million. |
CONSOLIDATED STATEMENT OF CHANG
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) - GBP (£) £ in Millions | Total | Total | Share capital and premium | Other reserves | Retained profits | Other equity instruments | Non- controlling interests | |
Beginning balance at Dec. 31, 2019 | £ 47,806 | £ 41,697 | £ 24,756 | £ 13,695 | £ 3,246 | £ 5,906 | £ 203 | |
Comprehensive income | ||||||||
Profit for the period | 19 | (234) | (234) | 234 | 19 | |||
Other comprehensive income | ||||||||
Post-retirement defined benefit scheme remeasurements, net of tax | 514 | 514 | 514 | |||||
Movements in revaluation reserve in respect of financial assets held at fair value through other comprehensive income, net of tax: | ||||||||
Debt securities | (109) | (109) | (109) | |||||
Equity shares | (62) | (62) | (62) | |||||
Gains and losses attributable to own credit risk, net of tax | (2) | (2) | (2) | |||||
Movements in cash flow hedging reserve, net of tax | 458 | 458 | 458 | |||||
Movements in foreign currency translation reserve, net of tax | 28 | 28 | 28 | |||||
Other comprehensive income for the period, net of tax | 827 | 827 | 315 | 512 | ||||
Total comprehensive income for the period | [1] | 846 | 593 | 315 | 278 | 234 | 19 | |
Transactions with owners | ||||||||
Distributions on other equity instruments | (234) | (234) | ||||||
Issue of ordinary shares | 176 | 176 | 176 | |||||
Movement in treasury shares | 221 | 221 | 221 | |||||
Value of employee services: | ||||||||
Share option schemes | 12 | 12 | 12 | |||||
Other employee award schemes | 35 | 35 | 35 | |||||
Total transactions with owners | 210 | 444 | 176 | 0 | 268 | (234) | 0 | |
Ending balance at Jun. 30, 2020 | [2] | 48,862 | 42,734 | 24,932 | 14,010 | 3,792 | 5,906 | 222 |
Comprehensive income | ||||||||
Profit for the period | 1,368 | 1,099 | 1,099 | 219 | 50 | |||
Other comprehensive income | ||||||||
Post-retirement defined benefit scheme remeasurements, net of tax | (401) | (401) | (401) | |||||
Movements in revaluation reserve in respect of financial assets held at fair value through other comprehensive income, net of tax: | ||||||||
Debt securities | 85 | 85 | 85 | |||||
Equity shares | (4) | (4) | (4) | |||||
Gains and losses attributable to own credit risk, net of tax | (53) | (53) | (53) | |||||
Movements in cash flow hedging reserve, net of tax | (333) | (333) | (333) | |||||
Movements in foreign currency translation reserve, net of tax | (11) | (11) | (11) | |||||
Other comprehensive income for the period, net of tax | (717) | (717) | (263) | (454) | ||||
Total comprehensive income for the period | [3] | 651 | 382 | (263) | 645 | 219 | 50 | |
Transactions with owners | ||||||||
Dividends | (41) | (41) | ||||||
Distributions on other equity instruments | (219) | (219) | ||||||
Issue of ordinary shares | 15 | 15 | 15 | |||||
Movement in treasury shares | 72 | 72 | 72 | |||||
Value of employee services: | ||||||||
Share option schemes | 36 | 36 | 36 | |||||
Other employee award schemes | 39 | 39 | 39 | |||||
Changes in non-controlling interests | (2) | (2) | ||||||
Total transactions with owners | (100) | 162 | 15 | 0 | 147 | (219) | (43) | |
Ending balance at Dec. 31, 2020 | [4] | 49,413 | 43,278 | 24,947 | 13,747 | 4,584 | 5,906 | 229 |
Comprehensive income | ||||||||
Profit for the period | 3,865 | 3,611 | 3,611 | 213 | 41 | |||
Other comprehensive income | ||||||||
Post-retirement defined benefit scheme remeasurements, net of tax | 281 | 281 | 281 | |||||
Movements in revaluation reserve in respect of financial assets held at fair value through other comprehensive income, net of tax: | ||||||||
Debt securities | 26 | 26 | 26 | |||||
Equity shares | 41 | 41 | 41 | |||||
Gains and losses attributable to own credit risk, net of tax | (26) | (26) | (26) | |||||
Movements in cash flow hedging reserve, net of tax | (1,077) | (1,077) | (1,077) | |||||
Movements in foreign currency translation reserve, net of tax | (23) | (23) | (23) | |||||
Other comprehensive income for the period, net of tax | (778) | (778) | (1,033) | 255 | ||||
Total comprehensive income for the period | [5] | 3,087 | 2,833 | (1,033) | 3,866 | 213 | 41 | |
Transactions with owners | ||||||||
Dividends | (455) | (404) | (404) | (51) | ||||
Distributions on other equity instruments | (213) | (213) | ||||||
Issue of ordinary shares | 22 | 22 | 22 | |||||
Movement in treasury shares | (54) | (54) | (54) | |||||
Value of employee services: | ||||||||
Share option schemes | 27 | 27 | 27 | |||||
Other employee award schemes | 59 | 59 | 59 | |||||
Changes in non-controlling interests | 0 | 0 | ||||||
Total transactions with owners | (614) | (350) | 22 | 0 | (372) | (213) | (51) | |
Realised gains and losses on equity shares held at fair value through other comprehensive income | (1) | 1 | ||||||
Ending balance at Jun. 30, 2021 | [6] | £ 51,886 | £ 45,761 | £ 24,969 | £ 12,713 | £ 8,079 | £ 5,906 | £ 219 |
[1] | Total comprehensive income attributable to owners of the parent was £827 million | |||||||
[2] | Total equity attributable to owners of the parent was £48,640 million | |||||||
[3] | Total comprehensive income attributable to owners of the parent was £601 million. | |||||||
[4] | Total equity attributable to owners of the parent was £49,184 million. | |||||||
[5] | Total comprehensive income attributable to owners of the parent was £3,046 million | |||||||
[6] | .2Total equity attributable to owners of the parent was £51,667 million |
CONSOLIDATED STATEMENT OF CHA_2
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Parenthetical) - GBP (£) £ in Millions | 6 Months Ended | ||
Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | |
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY [Abstract] | |||
Total comprehensive income attributable to owners of the parent | £ 3,046 | £ 601 | £ 827 |
Equity attributable to owners of parent | £ 51,667 | £ 49,184 | £ 48,640 |
CONSOLIDATED CASH FLOW STATEMEN
CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) - GBP (£) £ in Millions | 6 Months Ended | ||
Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | |
Statement of cash flows [abstract] | |||
Profit (loss) before tax | £ 3,905 | £ 1,828 | £ (602) |
Adjustments for: | |||
Change in operating assets | (2,013) | (4,337) | (14,313) |
Change in operating liabilities | 2,509 | (5,675) | 41,412 |
Non-cash and other items | 2,620 | 7,189 | 2,405 |
Tax paid | (602) | (10) | (726) |
Net cash provided by (used in) operating activities | 6,419 | (1,005) | 28,176 |
Cash flows from investing activities | |||
Purchase of financial assets | (5,442) | (1,474) | (7,115) |
Proceeds from sale and maturity of financial assets | 6,378 | 1,108 | 5,239 |
Purchase of fixed assets | (1,553) | (1,587) | (1,314) |
Proceeds from sale of fixed assets | 710 | 706 | 440 |
Acquisition of businesses, net of cash acquired | (7) | 0 | (3) |
Net cash provided by (used in) investing activities | 86 | (1,247) | (2,753) |
Cash flows from financing activities | |||
Dividends paid to ordinary shareholders | (404) | 0 | 0 |
Distributions on other equity instruments | (213) | (219) | (234) |
Dividends paid to non-controlling interests | (51) | (41) | 0 |
Interest paid on subordinated liabilities | (456) | (413) | (682) |
Proceeds from issue of subordinated liabilities | 500 | 0 | 0 |
Proceeds from issue of ordinary shares | 12 | 11 | 133 |
Repayment of subordinated liabilities | (471) | (2,105) | (1,769) |
Net cash used in financing activities | (1,083) | (2,767) | (2,552) |
Effects of exchange rate changes on cash and cash equivalents | (66) | (200) | 4 |
Change in cash and cash equivalents | 5,356 | (5,219) | 22,875 |
Cash and cash equivalents at beginning of period | 75,467 | 80,686 | 57,811 |
Cash and cash equivalents at end of period | £ 80,823 | £ 75,467 | £ 80,686 |
CONSOLIDATED CASH FLOW STATEM_2
CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) (Parenthetical) - GBP (£) £ in Millions | Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 |
Statement of cash flows [abstract] | |||
Restricted cash and cash equivalents | £ 76 | £ 84 | £ 55 |
Accounting policies
Accounting policies | 6 Months Ended |
Jun. 30, 2021 | |
Disclosure Of Significant Accounting Policies | |
Accounting policies | Note 1: Accounting policies These condensed consolidated half-year financial statements as at and for the period to 30 June 2021 have been prepared in accordance with the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority (FCA) and with International Accounting Standard 34 (IAS 34), Interim Financial Reporting as adopted by the United Kingdom and comprise the results of Lloyds Banking Group plc (the Company) together with its subsidiaries (the Group). They do not include all of the information required for full annual financial statements and should be read in conjunction with the Group’s consolidated financial statements as at and for the year ended 31 December 2020 which complied with international accounting standards in conformity with the requirements of the Companies Act 2006, were prepared in accordance with International Financial Reporting Standards (IFRS) and were compliant with IFRS adopted pursuant to Regulation (EC) No 1606/2002 as it applies in the European Union. Copies of the 2020 Annual Report and Accounts are available on the Group’s website and are available upon request from Investor Relations, Lloyds Banking Group plc, 25 Gresham Street, London EC2V 7HN. The UK Finance Code for Financial Reporting Disclosure (the Disclosure Code) sets out disclosure principles together with supporting guidance in respect of the financial statements of UK banks. The Group has adopted the Disclosure Code and these condensed consolidated half-year financial statements have been prepared in compliance with the Disclosure Code’s principles. Terminology used in these condensed consolidated half-year financial statements is consistent with that used in the Group’s 2020 Annual Report and Accounts. The directors consider that it is appropriate to continue to adopt the going concern basis in preparing the condensed consolidated half-year financial statements. In reaching this assessment, the directors have taken into account the continuing uncertainties affecting the UK economy post-pandemic and their potential effects upon the Group’s performance and projected funding and capital position; the impact of further stress scenarios has also been considered. On this basis, the directors are satisfied that the Group will maintain adequate levels of funding and capital for the foreseeable future. Changes in accounting policy The Group adopted the Interest Rate Benchmark Reform Phase 2 amendments from 1 January 2021. These amendments require that changes to expected future cash flows that both arise as a direct result of IBOR Reform and are economically equivalent to the previous cash flows are accounted for as a change to the effective interest rate with no adjustment to the asset or liability’s carrying amount; no immediate gain or loss is recognised. The new requirements also provide relief from the requirement to discontinue hedge accounting as a result of amending hedge documentation if the changes are required solely as a result of the IBOR Reform. The amendments do not have a material impact on the Group’s comparatives, which have not been restated. Except for the change above, the Group's accounting policies are consistent with those applied by the Group in its 2020 Annual Report and Accounts and there have been no changes in the Group's methods of computation. Future accounting developments Details of those IFRS pronouncements which will be relevant to the Group but which will not be effective at 31 December 2021 and which have not been applied in preparing these condensed consolidated half-year financial statements are set out in note 20. Related party transactions The Group has had no significant related party transactions during the half-year to 30 June 2021. Related party transactions for the half-year to 30 June 2021 are similar in nature to those for the year ended 31 December 2020. Full details of the Group’s related party transactions for the year ended 31 December 2020 can be found in the Group’s 2020 Annual Report and Accounts. |
Critical accounting judgements
Critical accounting judgements and estimates | 6 Months Ended |
Jun. 30, 2021 | |
Disclosure Of Accounting Judgements And Estimates [Abstract] | |
Critical accounting judgements and estimates | Note 2: Critical accounting judgements and estimates The preparation of the Group’s financial statements requires management to make judgements, estimates and assumptions that impact the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Due to the inherent uncertainty in making estimates, actual results reported in future periods may include amounts which differ from those estimates. Estimates, judgements and assumptions are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Group’s significant judgements, estimates and assumptions are unchanged compared to those applied at 31 December 2020, except as detailed below. Allowance for expected credit losses The Group recognises an allowance for expected credit losses (ECLs) for loans and advances to customers and banks, other financial assets held at amortised cost, financial assets measured at fair value through other comprehensive income and certain loan commitment and financial guarantee contracts. At 30 June 2021 the Group’s expected credit loss allowance was £5,058 million (31 December 2020: £6,247 million), of which £4,699 million (31 December 2020: £5,788 million) was in respect of drawn balances. The calculation of the Group’s expected credit loss allowances and provisions against loan commitments and guarantees under IFRS 9 requires the Group to make a number of judgements, assumptions and estimates. These are set out in detail in the Group’s 2020 Annual Report and Accounts. The principal changes made in the period ended 30 June 2021 are as follows: Base Case and Economic Assumptions The Group’s base case economic scenario has been revised in light of the continuing impact of the coronavirus pandemic in the UK and globally. The scenario reflects judgements of the net effect of government-mandated restrictions on economic activity, large-scale government interventions and behavioural changes by households and businesses that may persist beyond the rollout of coronavirus vaccination programmes. As large-scale vaccination efforts compete with the emergence of new viral strains in the UK and globally, there remains considerable uncertainty about the pace and eventual extent of the post-pandemic recovery. The Group’s updated base case scenario builds in three key conditioning assumptions. First, that rising infections in the UK’s third COVID-19 wave do not lead to a re-imposition of restrictions. Second, that the rollout of vaccination programmes among the UK’s trading partners will reinforce an improving global backdrop. Third, that domestic policy measures remain accommodative, with monetary policy looking through a transient rise in inflation. Conditioned on these assumptions and taking note of improvements in economic indicators in the second quarter, the Group’s base case outlook continues to assume a rise in the unemployment rate as furlough support ends alongside a deceleration in residential and commercial property price growth. Risks around this base case economic view lie in both directions and are partly captured by the alternative economic scenarios generated. But uncertainties relating to the key conditioning assumptions, including epidemiological developments, the efficacy of vaccine rollouts against emergent strains and the response of the economy in those circumstances are not specifically captured by these scenarios. These specific risks have been recognised outside the modelled scenarios with a central adjustment. The Group has incorporated the latest available information at the reporting date in defining its base case scenario and generating alternative economic scenarios. The scenarios include forecasts for key variables in the second quarter of 2021, for which actuals may have since emerged prior to publication. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and estimates (continued) Base case scenario by quarter 1 First Second Third Fourth First Second Third Fourth At 30 June 2021 % % % % % % % % Gross domestic product (1.5) 4.3 (0.3) 3.2 1.5 0.5 0.4 0.4 UK Bank Rate 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 Unemployment rate 4.8 5.0 5.4 6.6 6.4 6.2 6.1 5.9 House price growth 6.5 10.5 6.8 5.6 5.0 1.7 0.3 0.1 Commercial real estate price growth (2.9) 1.3 1.5 0.4 (0.3) (0.5) 0.4 1.0 First Second Third Fourth First Second Third Fourth At 31 December 2020 % % % % % % % % Gross domestic product (3.0) (18.8) 16.0 (1.9) (3.8) 5.6 3.6 1.5 UK Bank Rate 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 Unemployment rate 4.0 4.1 4.8 5.0 5.2 6.5 8.0 7.5 House price growth 2.8 2.6 7.2 5.9 5.5 4.7 (1.6) (3.8) Commercial real estate price growth (5.0) (7.8) (7.8) (7.0) (6.1) (2.9) (2.2) (1.7) 1 Gross domestic product presented quarter on quarter, house price growth and commercial real estate growth presented year on year - i.e. from the equivalent quarter the previous year. UK Bank Rate is presented end quarter. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and estimates (continued) Scenarios by year Key annual assumptions made by the Group are shown below. Gross domestic product is presented as an annual change, house price growth and commercial real estate price growth are presented as the growth in the respective indices within the period. UK Bank Rate and unemployment rate are averages for the period. The upside, base case and downside scenarios are weighted at 30 per cent each, with the severe downside scenario weighted at 10 per cent. 2021 2022 2023 2024 2025 2021–2025 average At 30 June 2021 % % % % % % Upside Gross domestic product 6.1 5.5 1.4 1.4 1.2 3.1 UK Bank Rate 0.52 1.27 1.09 1.32 1.58 1.16 Unemployment rate 4.7 4.9 4.4 4.2 4.1 4.5 House price growth 6.8 3.4 4.6 3.9 3.4 4.4 Commercial real estate price growth 9.2 5.7 2.4 0.3 (0.3) 3.4 Base case Gross domestic product 5.5 5.5 1.6 1.4 1.2 3.0 UK Bank Rate 0.10 0.10 0.25 0.50 0.75 0.34 Unemployment rate 5.4 6.1 5.4 5.0 4.8 5.4 House price growth 5.6 0.1 0.1 0.6 1.1 1.5 Commercial real estate price growth 0.4 1.0 0.6 0.3 0.5 0.6 Downside Gross domestic product 4.8 4.2 1.3 1.4 1.4 2.6 UK Bank Rate 0.09 0.05 0.06 0.11 0.20 0.10 Unemployment rate 6.0 7.8 7.1 6.5 6.0 6.7 House price growth 3.5 (6.2) (7.5) (4.9) (1.8) (3.5) Commercial real estate price growth (5.3) (5.3) (2.8) (1.5) 0.2 (3.0) Severe downside Gross domestic product 4.1 3.5 1.1 1.4 1.4 2.3 UK Bank Rate 0.06 0.00 0.01 0.02 0.03 0.02 Unemployment rate 7.0 9.9 9.1 8.3 7.6 8.4 House price growth 2.4 (11.0) (13.2) (9.6) (5.1) (7.5) Commercial real estate price growth (13.5) (13.5) (6.9) (2.3) 0.5 (7.3) NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and estimates (continued) 2020 2021 2022 2023 2024 2020–2024 average At 31 December 2020 % % % % % % Upside Gross domestic product (10.5) 3.7 5.7 1.7 1.5 0.3 UK Bank Rate 0.10 1.14 1.27 1.20 1.21 0.98 Unemployment rate 4.3 5.4 5.4 5.0 4.5 5.0 House price growth 6.3 (1.4) 5.2 6.0 5.0 4.2 Commercial real estate price growth (4.6) 9.3 3.9 2.1 0.3 2.1 Base case Gross domestic product (10.5) 3.0 6.0 1.7 1.4 0.1 UK Bank Rate 0.10 0.10 0.10 0.21 0.25 0.15 Unemployment rate 4.5 6.8 6.8 6.1 5.5 5.9 House price growth 5.9 (3.8) 0.5 1.5 1.5 1.1 Commercial real estate price growth (7.0) (1.7) 1.6 1.1 0.6 (1.1) Downside Gross domestic product (10.6) 1.7 5.1 1.4 1.4 (0.4) UK Bank Rate 0.10 0.06 0.02 0.02 0.03 0.05 Unemployment rate 4.6 7.9 8.4 7.8 7.0 7.1 House price growth 5.6 (8.4) (6.5) (4.7) (3.0) (3.5) Commercial real estate price growth (8.7) (10.6) (3.2) (0.8) (0.8) (4.9) Severe downside Gross domestic product (10.8) 0.3 4.8 1.3 1.2 (0.8) UK Bank Rate 0.10 0.00 0.00 0.01 0.01 0.02 Unemployment rate 4.8 9.9 10.7 9.8 8.7 8.8 House price growth 5.3 (11.1) (12.5) (10.7) (7.6) (7.5) Commercial real estate price growth (11.0) (21.4) (9.8) (3.9) (0.8) (9.7) NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and estimates (continued) The table below shows the Group’s ECL for the upside, base case, downside and severe downside scenarios. The stage allocation for an asset is based on the overall scenario probability-weighted PD and, hence, the Stage 2 allocation is constant across all the scenarios. ECL applied through individual assessments and post-model adjustments is reported flat against each economic scenario, reflecting the basis on which they are evaluated. Judgements applied through changes to inputs are reflected in the scenario sensitivities. It therefore shows the extent to which a higher ECL allowance has been recognised to take account of multiple economic scenarios from the probability-weighted view relative to the base case. The uplift being £388 million compared to £506 million at 31 December 2020. Probability- Upside Base case Downside Severe At 30 June 2021 £m £m £m £m £m UK Mortgages 905 544 684 1,100 2,064 Other Retail 2,053 1,896 2,009 2,152 2,355 Commercial Banking 1,650 1,395 1,527 1,799 2,340 Other 450 448 450 450 454 ECL allowance 5,058 4,283 4,670 5,501 7,213 Probability- Upside Base case Downside Severe At 31 December 2020 £m £m £m £m £m UK Mortgages 1,027 614 804 1,237 2,306 Other Retail 2,368 2,181 2,310 2,487 2,745 Commercial Banking 2,402 1,910 2,177 2,681 3,718 Other 450 448 450 450 456 ECL allowance 6,247 5,153 5,741 6,855 9,225 The impact of changes in the UK unemployment rate and House Price Index (HPI) have also been assessed. Although such changes would not be observed in isolation, as economic indicators tend to be correlated in a coherent scenario, this gives insight into the sensitivity of the Group’s ECL to gradual changes in these two critical economic factors. The assessment has been made against the base case with the reported staging unchanged. The table below shows the impact on the Group’s ECL in respect of UK Mortgages resulting from a decrease/increase in loss given default for a 10 percentage point (pp) increase or decrease in the UK House Price Index (HPI). The increase/decrease is presented based on the adjustment phased evenly over the first ten quarters of the base case scenario. At 30 June 2021 At 31 December 2020 10pp increase 10pp decrease 10pp increase 10pp decrease ECL impact, £m (175) 254 (206) 284 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and estimates (continued) The table below shows the impact on the Group’s ECL resulting from a 1 percentage point (pp) increase or decrease in the UK unemployment rate. The increase or decrease is presented based on the adjustment phased evenly over the first ten quarters of the base case scenario. An immediate increase or decrease would drive a more material ECL impact as it would be fully reflected in both 12 month and lifetime PDs. At 30 June 2021 At 31 December 2020 1pp increase in 1pp decrease in 1pp increase in 1pp decrease in £m £m £m £m UK Mortgages 33 (28) 25 (23) Other Retail 45 (45) 54 (54) Commercial Banking 87 (74) 125 (112) Other 1 (1) 1 (1) ECL impact 166 (148) 205 (190) Application of judgement in adjustments to modelled ECL Impairment models fall within the Group’s Model Risk framework with model monitoring, periodic validation and back testing performed on model components (i.e. probability of default, exposure at default and loss given default). Limitations in the Group’s impairment models or data inputs may be identified through the ongoing assessment and validation of the output of the models. In these circumstances, management make appropriate adjustments to the Group’s allowance for impairment losses to ensure that the overall provision adequately reflects all material risks. These adjustments are determined by considering the particular attributes of exposures which have not been adequately captured by the impairment models and range from changes to model inputs and parameters, at account level, through to more qualitative post-model overlays. Judgements are not typically assessed under each distinct economic scenario used to generate ECL, but instead are applied on the basis of final modelled ECL which reflects the probability-weighted view of all scenarios. All adjustments are reviewed quarterly and are subject to internal review and challenge, including by the Audit Committee, to ensure that amounts are appropriately calculated and that there are specific release criteria within a reasonable timeframe. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and estimates (continued) At 30 June 2021 the coronavirus pandemic and the various support measures that have been put in place have resulted in an economic environment which differs significantly from the historical economic conditions upon which the impairment models have been built. As a result there is a greater need for management judgements to be applied, as seen in the elevated levels present since year end. At 30 June 2021 management judgement resulted in additional ECL allowances totalling £1,682 million (31 December 2020: £1,383 million). This comprises judgements added due to COVID-19 and other judgements not directly linked to COVID-19 but which have increased in size under the current outlook. The table below analyses total ECL allowance at 30 June 2021 by portfolio, separately identifying the amounts that have been modelled, those that have been individually assessed and those arising through the application of management judgement. Modelled Individually Judgements due to COVID-19 1 Other Total ECL £m £m £m £m £m At 30 June 2021 UK Mortgages 345 — 73 487 905 Other Retail 1,610 — 405 38 2,053 Commercial Banking 418 953 280 (1) 1,650 Other 50 — 400 — 450 Total 2,423 953 1,158 524 5,058 At 31 December 2020 UK Mortgages 481 — 36 510 1,027 Other Retail 2,060 — 321 (13) 2,368 Commercial Banking 1,051 1,222 131 (2) 2,402 Other 50 — 400 — 450 Total 3,642 1,222 888 495 6,247 1 Judgements due to the impact that COVID-19 and resulting interventions have had on the Group’s economic outlook and observed loss experience, which have required additional model limitations to be addressed. Central overlay in respect of economic uncertainty Central overlay in respect of economic uncertainty: £400 million (31 December 2020: £400 million) The Group's £400 million central overlay was added at year end in recognition of the risks to the conditioning assumptions around the base case scenario being markedly to the downside given the potential for a material delay in the vaccination programme or reduction in its effectiveness from further virus mutation and the corresponding delayed withdrawal of restrictions on social interaction or introduction of further lockdowns. Although the outlook has improved in the first half, the Group still considers that the conditioning assumptions within the base case and associated scenarios do not necessarily capture the unprecedented risks that remain. The vaccine roll out has progressed well and has supported the planned easing of restrictions to date, however the increasing infection rate and hospitalisations from the Delta variant highlight the potential risk from further virus mutation and the resulting response which could be needed, potentially impacting on social and economic activity. The scale of the uncertainty is expected to diminish once the UK is fully vaccinated and infection levels have been sustained at low levels, with restrictions reduced and associated Government support wound down. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and estimates (continued) Except as noted below, the nature of the judgements are consistent with those applied by the Group in its 2020 Annual Report and Accounts. The 30 June 2021 allowance has been re-assessed based on latest economic outlook, data points and modelled result. Judgements due to COVID-19 At 30 June 2021 At 31 Dec 2020 £m £m UK Mortgages 73 36 Other Retail Recognition of impact of support measures 318 218 Incorporation of forward-looking LGDs 80 86 Other 7 17 405 321 Commercial Banking Adjustment to economic variables used as inputs to models 171 93 Key coronavirus-impacted sectors 100 — Other 9 38 280 131 Other 400 400 Total 1,158 888 Notable movements from 31 December 2020 include: UK Mortgages: £73 million (31 December 2020: £36 million) Judgement has increased in the period due to an extension of the temporary suspension of the repossession of properties to support customers during the pandemic. The amount at 30 June 2021 also incorporates an adjustment to ensure ECL is at calibrated levels when applied to the latest balance sheet date. Other Retail Recognition of impact of support measures: £318 million (31 December 2020: £218 million) Government support and subdued levels of consumer spending are judged to have temporarily reduced the flow of accounts into arrears and default and to have improved average credit scores across portfolios. The adjustment made at year end to reverse these impacts has continued to grow through 2021 with the passage of time and as average credit scores improved further. Commercial Banking Adjustment to economic variables used as inputs to models: £171 million (31 December 2020: £93 million) Further observed reductions in the rate of corporate insolvencies, used as an input to Commercial default models, continue to be substituted with an increase proportionate to that seen in unemployment to generate a level of predicted defaults. The increase in the adjustment reflects the larger release which would therefore result should the metric, still believed unrepresentative of underlying conditions, be used within the model. Key coronavirus-impacted sectors: £100 million (31 December 2020: £nil) At year end the modelled ECL incorporated an economic outlook containing a material reduction in corporate profits. This is no longer assumed, which generates a reduction in modelled ECL and therefore leaves potential risk on specific underperforming sectors. Judgement has therefore been raised in place of this to ensure a more targeted stress on likelihood and severity of loss in these sectors. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and estimates (continued) Other judgements At 30 June 2021 At 31 Dec 2020 £m £m UK Mortgages Adjustment to modelled forecast parameters 140 193 End-of-term interest only 168 179 Long-term defaults 74 87 Other 105 51 487 510 Other Retail Lifetime extension on revolving products 71 81 Unsecured non-scored accounts (21) (72) Credit card LGD alignment (55) (55) Other 43 33 38 (13) Commercial Banking (1) (2) Total 524 495 Notable movements from 31 December 2020 include: UK Mortgages Adjustment to modelled forecast parameters: £140 million (31 December 2020: £193 million) Adjustments to the estimated defaults used within the ECL calculation were introduced at year end following the adoption of new default forecast models. Work has progressed through the period with initial model changes identified which reduce the scale of adjustment required. The scale of the adjustment has also reduced as the impact of under-sensitivity lessens when applied to the improved economic outlook. Other: £105 million (31 December 2020: £51 million) The increase in the scale of the judgement reflects additional adjustment to capture risks relating to fire safety and cladding uncertainty within assessment of affordability and asset valuations, not captured by underlying models. The risk is now deemed sufficiently material to address through judgement, given that more cases have been assessed as having defective cladding, or other fire safety issues, together with emerging evidence of higher arrears and weaker sales values relative to the wider portfolio. Other Retail Unsecured non-scored accounts: £(21) million (31 December 2020: £(72) million) Due to a shortcoming in the models, it is not possible to retrieve relevant credit data for a number of accounts and therefore no probability of default (PD) is available and no assessment of whether there has been a significant increase in credit risk (SICR) can be carried out. Work has progressed during 2021 to resolve this issue. The reduction therefore reflects that an adjustment is required on fewer accounts. |
Segmental analysis
Segmental analysis | 6 Months Ended |
Jun. 30, 2021 | |
Segmental analysis | |
Segmental analysis | Note 3: Segmental analysis Lloyds Banking Group provides a wide range of banking and financial services in the UK and in certain locations overseas. The Group Executive Committee (GEC) remains the chief operating decision maker for the Group. The segmental results and comparatives are presented on an underlying basis, the basis reviewed by the chief operating decision maker. The effects of certain asset sales, volatile items, the insurance grossing adjustment, liability management, restructuring, payment protection insurance provisions, the amortisation of purchased intangible assets and the unwind of acquisition-related fair value adjustments are excluded in arriving at underlying profit. The Group’s activities are organised into three financial reporting segments: Retail; Commercial Banking; and Insurance and Wealth. There has been no change to the descriptions of these segments as provided in note 4 to the Group’s financial statements for the year ended 31 December 2020, neither has there been any change to the Group’s segmental accounting for internal segment services or derivatives entered into by units for risk management purposes since 31 December 2020. Net interest income Other income, net of insurance claims Total income, net of insurance claims Profit before tax External income Inter-segment income (expense) Half-year to 30 June 2021 £m £m £m £m £m £m Underlying basis Retail 4,218 812 5,030 2,335 5,713 (683) Commercial Banking 1,153 677 1,830 1,388 1,693 137 Insurance and Wealth 36 660 696 89 685 11 Other 11 268 279 253 (256) 535 Group 5,418 2,417 7,835 4,065 7,835 — Reconciling items: Insurance grossing adjustment (938) 1,026 88 — Market volatility and asset sales (18) 279 261 239 Amortisation of purchased intangibles — — — (35) Restructuring costs — (8) (8) (255) Fair value unwind and other items (89) (8) (97) (109) Group – statutory 4,373 3,706 8,079 3,905 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 3: Segmental analysis (continued) Net interest income Other income, net of insurance claims Total income, net of insurance claims Profit (loss) before External income Inter-segment income (expense) Half-year to 30 June 2020 £m £m £m £m £m £m Underlying basis Retail 4,233 919 5,152 212 6,027 (875) Commercial Banking 1,222 658 1,880 (668) 1,633 247 Insurance and Wealth 14 853 867 379 857 10 Other 9 31 40 (204) (578) 618 Group 5,478 2,461 7,939 (281) 7,939 — Reconciling items: Insurance grossing adjustment 1,132 (1,018) 114 — Market volatility and asset sales 52 (75) (23) (43) Amortisation of purchased intangibles — — — (34) Restructuring costs — (37) (37) (133) Fair value unwind and other items (106) 8 (98) (111) Group – statutory 6,556 1,339 7,895 (602) Net interest income Other income, net of insurance claims Total income, net of insurance claims Profit (loss) before External income Inter-segment income (expense) Half-year to 31 December 2020 £m £m £m £m £m £m Underlying basis Retail 4,151 814 4,965 1,779 5,841 (876) Commercial Banking 1,135 634 1,769 764 1,613 156 Insurance and Wealth 35 397 432 (41) 366 66 Other (26) 209 183 (28) (471) 654 Group 5,295 2,054 7,349 2,474 7,349 — Reconciling items: Insurance grossing adjustment (982) 1,045 63 — Market volatility and asset sales (17) (38) (55) (16) Amortisation of purchased intangibles — — — (35) Restructuring costs — (17) (17) (388) Fair value unwind and other items (103) (6) (109) (122) Payment protection insurance — — — (85) Group – statutory 4,193 3,038 7,231 1,828 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 3: Segmental analysis (continued) Segment external Segment customer Segment external At 30 June 2021 At 31 Dec 2020 At 30 June 2021 At 31 Dec 2020 At 30 June 2021 At 31 Dec 2020 £m £m £m £m £m £m Retail 369,274 358,766 309,838 290,206 314,829 295,229 Commercial Banking 133,243 142,042 149,229 145,596 186,214 189,302 Insurance and Wealth 192,625 183,348 14,818 14,072 199,756 190,771 Other 184,545 187,113 8,464 10,194 127,002 146,554 Total Group 879,687 871,269 482,349 460,068 827,801 821,856 |
Net fee and commission income
Net fee and commission income | 6 Months Ended |
Jun. 30, 2021 | |
Net fee and commission income | |
Net fee and commission income | Note 4: Net fee and commission income Half-year to 30 June 2021 Half-year Half-year £m £m £m Fee and commission income: Current accounts 312 307 308 Credit and debit card fees 384 350 398 Commercial banking and treasury fees 215 120 154 Unit trust and insurance broking 58 66 80 Factoring 38 42 34 Other fees and commissions 287 236 213 Total fee and commission income 1,294 1,121 1,187 Fee and commission expense (601) (558) (590) Net fee and commission income 693 563 597 Current account and credit and debit card fees principally arise in Retail; commercial banking, treasury and factoring fees arise in Commercial Banking; and unit trust and insurance broking fees arise in Insurance and Wealth. |
Insurance claims
Insurance claims | 6 Months Ended |
Jun. 30, 2021 | |
Disclosure of claims and benefits paid [Abstract] | |
Insurance claims | Note 5: Insurance claims Half-year to 30 June 2021 Half-year Half-year Insurance claims comprise: £m £m £m Life insurance and investment contracts Claims and surrenders (4,465) (3,647) (4,023) Change in insurance and participating investment contracts (4,395) 3,000 (7,590) Change in non-participating investment contracts (2,642) 1,574 (3,512) (11,502) 927 (15,125) Reinsurers' share 181 167 251 (11,321) 1,094 (14,874) Change in unallocated surplus (20) 85 (28) Total life insurance and investment contracts (11,341) 1,179 (14,902) Non-life insurance Total non-life insurance claims, net of reinsurance (148) (156) (162) Total insurance claims (11,489) 1,023 (15,064) |
Operating expenses
Operating expenses | 6 Months Ended |
Jun. 30, 2021 | |
Operating expenses | |
Operating expenses | Note 6: Operating expenses Half-year to 30 June 2021 Half-year Half-year £m £m £m Salaries and social security costs 1,555 1,493 1,479 Pensions and other post-retirement benefit schemes (note 14) 284 272 294 Restructuring and other staff costs 117 129 168 1,956 1,894 1,941 Premises and equipment 130 237 230 Other expenses: IT, data processing and communications 584 474 539 UK bank levy — — 211 Operations, marketing and other 559 488 531 1,143 962 1,281 Depreciation and amortisation 1,243 1,398 1,334 Goodwill impairment — — 4 Regulatory provisions (note 15) 425 177 287 Total operating expenses 4,897 4,668 5,077 |
Impairment
Impairment | 6 Months Ended |
Jun. 30, 2021 | |
Impairments | |
Impairment | Note 7: Impairment Half-year to 30 June 2021 Half-year Half-year £m £m £m Impact of transfers between stages 145 1,263 206 Other changes in credit quality (506) 2,111 216 Additions (repayments) (366) 211 (14) Methodology and model changes 3 44 108 Other items 1 200 (190) (868) 2,566 120 Total impairment (credit) charge (723) 3,829 326 In respect of: Loans and advances to banks (3) 21 (16) Loans and advances to customers (622) 3,464 386 Debt securities — 1 — Financial assets held at amortised cost (625) 3,486 370 Other assets 2 13 (8) Impairment (credit) charge on drawn balances (623) 3,499 362 Loan commitments and financial guarantees (98) 324 (35) Financial assets at fair value through other comprehensive income (2) 6 (1) Total impairment (credit) charge (723) 3,829 326 Total impairment includes a release of £41 million (half-year to 30 June 2020: charge of £21 million; half-year to 31 December 2020: charge of £20 million) in respect of residual value impairment and voluntary terminations within the Group’s UK Motor Finance business. The Group’s impairment charge comprises the following: Impact of transfers between stages The net impact on the impairment charge of transfers between stages. Other changes in credit quality Changes in loss allowance as a result of movements in risk parameters that reflect changes in customer credit quality, but which have not resulted in a transfer to a different stage. This also contains the impact on the impairment charge of write-offs and recoveries, where the related loss allowances are reassessed to reflect the view of credit quality at the balance sheet date and therefore the ultimate realisable or recoverable value. Additions (repayments) Expected loss allowances are recognised on origination of new loans or further drawdowns of existing facilities. Repayments relate to the reduction of loss allowances resulting from the repayment of outstanding balances that have been provided against. Methodology and model changes Increase or decrease in impairment charge as a result of adjustments to the models used for expected credit loss calculations; either as changes to the model inputs or to the underlying assumptions, as well as the impact of changing the models used. Other items For the half-year to 30 June 2020 a central adjustment of £200 million was included to reflect the adjusted severe downside economic scenario. |
Taxation
Taxation | 6 Months Ended |
Jun. 30, 2021 | |
Disclosure of income tax [Abstract] | |
Taxation | Note 8: Tax expense In accordance with IAS 34, the Group’s income tax expense for the half-year to 30 June 2021 is based on the best estimate of the weighted-average annual income tax rate expected for the full financial year. The tax effects of one-off items are not included in the weighted-average annual income tax rate, but are recognised in the relevant period. An explanation of the relationship between tax expense and accounting profit is set out below: Half-year to 30 June 2021 Half-year Half-year £m £m £m Profit (loss) before tax 3,905 (602) 1,828 UK corporation tax thereon at 19 per cent (2020: 19 per cent) (742) 114 (347) Impact of surcharge on banking profits (229) 44 (151) Non-deductible costs: conduct charges (7) (11) (13) Non-deductible costs: bank levy — — (38) Other non-deductible costs (67) (40) (34) Non-taxable income 35 76 (17) Tax relief on coupons on other equity instruments 40 44 42 Tax-exempt gains on disposals 36 3 78 Tax losses where no deferred tax recognised (9) (1) (57) Remeasurement of deferred tax due to rate changes 970 354 (4) Differences in overseas tax rates (25) 13 2 Policyholder tax (36) (23) (23) Policyholder deferred tax asset in respect of life assurance expenses 4 — 49 Adjustments in respect of prior years (10) 48 56 Tax effect of share of results of joint ventures — — (3) Tax (expense) credit (40) 621 (460) The Finance Act 2021, which was substantively enacted on 24 May 2021, increases the rate of corporation tax from 19 per cent to 25 per cent with effect from 1 April 2023. The impact of this rate change is an increase in the Group’s net deferred tax asset as at 30 June 2021 of £786 million, comprising a £970 million credit included in the income statement and a £184 million charge included in equity. The tax credit in the half-year to 30 June 2020 included an uplift in deferred tax assets following the announcement by the UK Government that it would maintain the corporation tax rate at 19 per cent. |
Earnings per share
Earnings per share | 6 Months Ended |
Jun. 30, 2021 | |
Disclosure of earnings per share [Abstract] | |
Earnings per share | Note 9: Earnings per share Half-year to 30 June 2021 Half-year Half-year £m £m £m Profit (loss) attributable to ordinary shareholders – basic and diluted 3,611 (234) 1,099 Half-year to 30 June 2021 Half-year Half-year million million million Weighted-average number of ordinary shares in issue – basic 70,894 70,434 70,776 Adjustment for share options and awards 854 — 697 Weighted-average number of ordinary shares in issue – diluted 71,748 70,434 71,473 Basic earnings (loss) per share 5.1p (0.3p) 1.5p Diluted earnings (loss) per share 5.0p (0.3p) 1.5p |
Financial assets at fair value
Financial assets at fair value through profit or loss | 6 Months Ended |
Jun. 30, 2021 | |
Financial assets at fair value through profit or loss [abstract] | |
Financial assets at fair value through profit or loss | Note 10: Financial assets at fair value through profit or loss At 30 June 2021 At 31 Dec 2020 £m £m Trading assets 17,772 20,825 Other financial assets at fair value through profit or loss: Treasury and other bills 18 18 Loans and advances to customers 10,354 11,244 Loans and advances to banks 3,656 4,238 Debt securities 39,021 38,852 Equity shares 106,768 96,449 159,817 150,801 Total financial assets at fair value through profit or loss 177,589 171,626 Included in the above is £155,583 million (31 December 2020: £145,905 million) of assets relating to the insurance businesses. |
Derivative financial instrument
Derivative financial instruments | 6 Months Ended |
Jun. 30, 2021 | |
Derivative financial instruments. | |
Derivative financial instruments | Note 11: Derivative financial instruments At 30 June 2021 At 31 December 2020 Fair value Fair value Fair value Fair value £m £m £m £m Hedging Derivatives designated as fair value hedges 123 284 478 256 Derivatives designated as cash flow hedges 59 131 338 428 182 415 816 684 Trading Exchange rate contracts 4,780 4,062 6,779 7,414 Interest rate contracts 16,700 12,653 21,644 18,564 Credit derivatives 101 206 108 174 Equity and other contracts 430 615 266 477 22,011 17,536 28,797 26,629 Total recognised derivative assets/liabilities 22,193 17,951 29,613 27,313 |
Financial assets at amortised c
Financial assets at amortised cost | 6 Months Ended |
Jun. 30, 2021 | |
Financial asset at amortised cost. | |
Financial assets at amortised cost | Note 12: Financial assets at amortised cost Half-year to 30 June 2021 Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m Loans and advances to banks At 1 January 2021 10,752 — — — 10,752 6 — — — 6 Exchange and other adjustments (139) — — — (139) — — — — — Additions (repayments) 201 — — — 201 2 — — — 2 Other changes in credit quality (5) — — — (5) Credit to the income statement (3) — — — (3) At 30 June 2021 10,814 — — — 10,814 3 — — — 3 Allowance for impairment losses (3) — — — (3) Net carrying amount 10,811 — — — 10,811 Loans and advances to customers At 1 January 2021 433,943 51,659 6,490 12,511 504,603 1,372 2,145 1,982 261 5,760 Exchange and other adjustments 1 (1,953) (24) (80) 51 (2,006) 1 (2) 97 67 163 Transfers to Stage 1 11,183 (11,175) (8) — 362 (360) (2) — Transfers to Stage 2 (10,922) 11,371 (449) — (66) 158 (92) — Transfers to Stage 3 (334) (1,229) 1,563 — (9) (175) 184 — Impact of transfers between stages (73) (1,033) 1,106 — (261) 257 164 160 26 (120) 254 160 Other changes in credit quality (143) (234) 31 (89) (435) Additions (repayments) 9,007 (4,568) (801) (663) 2,975 (65) (176) (73) (36) (350) Methodology and model changes (5) 8 — — 3 (Credit) charge to the income statement (187) (522) 212 (125) (622) Advances written off (603) (13) (616) (603) (13) (616) Recoveries of advances written off in previous years 72 — 72 72 — 72 Discount unwind (85) — (85) At 30 June 2021 440,924 46,034 6,184 11,886 505,028 1,186 1,621 1,675 190 4,672 Allowance for impairment losses (1,186) (1,621) (1,675) (190) (4,672) Net carrying amount 439,738 44,413 4,509 11,696 500,356 1 Exchange and other adjustments includes the impact of movements in exchange rates, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets (POCI). Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 12: Financial assets at amortised cost (continued) Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m Debt securities At 1 January 2021 5,406 — 2 — 5,408 1 — 2 — 3 Exchange and other adjustments (47) — — — (47) — — — — — Additions (repayments) (350) — — — (350) — — — — — Charge to the income statement — — — — — At 30 June 2021 5,009 — 2 — 5,011 1 — 2 — 3 Allowance for impairment losses (1) — (2) — (3) Net carrying amount 5,008 — — — 5,008 Total financial assets at 455,557 44,413 4,509 11,696 516,175 The total allowance for impairment losses includes £136 million (31 December 2020: £192 million) in respect of residual value impairment and voluntary terminations within the Group’s UK Motor Finance business. Movements in UK retail mortgage balances were as follows: Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m UK retail mortgages At 1 January 2021 251,418 29,018 1,859 12,511 294,806 104 468 191 261 1,024 Exchange and other adjustments 1 — — — 51 51 — — — 67 67 Transfers to Stage 1 3,745 (3,742) (3) — 26 (26) — — Transfers to Stage 2 (6,554) 6,847 (293) — (7) 26 (19) — Transfers to Stage 3 (28) (666) 694 — — (29) 29 — Impact of transfers between stages (2,837) 2,439 398 — (20) 62 26 68 (1) 33 36 68 Other changes in credit quality 13 (65) (31) (89) (172) Additions (repayments) 13,960 (1,687) (322) (663) 11,288 8 (25) (20) (36) (73) Charge (credit) to the income statement 20 (57) (15) (125) (177) Advances written off (16) (13) (29) (16) (13) (29) Recoveries of advances written off in previous years 5 — 5 5 — 5 Discount unwind 10 — 10 At 30 June 2021 262,541 29,770 1,924 11,886 306,121 124 411 175 190 900 Allowance for impairment losses (124) (411) (175) (190) (900) Net carrying amount 262,417 29,359 1,749 11,696 305,221 1 Exchange and other adjustments includes the impact of movements in exchange rates, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets. Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 12: Financial assets at amortised cost (continued) Movements in allowance for expected credit losses in respect of undrawn balances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m Undrawn balances At 1 January 2021 212 234 13 — 459 Exchange and other adjustments (2) — — — (2) Transfers to Stage 1 63 (63) — — Transfers to Stage 2 (10) 10 — — Transfers to Stage 3 — (4) 4 — Impact of transfers between stages (50) 35 — (15) 3 (22) 4 (15) Other items credited to the income statement (41) (33) (9) — (83) Credit to the income statement (38) (55) (5) — (98) At 30 June 2021 172 179 8 — 359 The Group's total impairment allowances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m In respect of: Loans and advances to banks 3 — — — 3 Loans and advances to customers: UK retail mortgages 124 411 175 190 900 Other 1,062 1,210 1,500 — 3,772 1,186 1,621 1,675 190 4,672 Debt securities 1 — 2 — 3 Financial assets at amortised cost 1,190 1,621 1,677 190 4,678 Other assets — — 21 — 21 Provisions in relation to loan commitments and financial guarantees 172 179 8 — 359 Total 1,362 1,800 1,706 190 5,058 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) 3 — — — 3 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 12: Financial assets at amortised cost (continued) Year ended 31 December 2020 Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m Loans and advances to banks At 1 January 2020 9,777 — — — 9,777 2 — — — 2 Exchange and other adjustments 50 — — — 50 (1) — — — (1) Additions (repayments) 925 — — — 925 — — — — — Charge to the income statement 5 — — — 5 At 31 December 2020 10,752 — — — 10,752 6 — — — 6 Allowance for impairment losses (6) — — — (6) Net carrying amount 10,746 — — — 10,746 Loans and advances to customers At 1 January 2020 449,975 28,543 6,015 13,714 498,247 675 995 1,447 142 3,259 Exchange and other adjustments1 1,308 (59) (422) (8) 819 — (1) 54 21 74 Transfers to Stage 1 4,972 (4,956) (16) — 146 (143) (3) — Transfers to Stage 2 (28,855) 29,467 (612) — (218) 268 (50) — Transfers to Stage 3 (1,633) (2,031) 3,664 — (9) (156) 165 — Impact of transfers between stages (25,516) 22,480 3,036 — (85) 883 569 1,367 (166) 852 681 1,367 Other changes in credit quality 857 (16) 1,196 167 2,204 Additions (repayments) 8,176 695 (802) (1,156) 6,913 50 145 (38) (30) 127 Methodology and model changes (44) 170 26 — 152 Charge to the income statement 697 1,151 1,865 137 3,850 Advances written off (1,587) (39) (1,626) (1,587) (39) (1,626) Recoveries of advances written off in previous years 250 — 250 250 — 250 Discount unwind (47) — (47) At 31 December 2020 433,943 51,659 6,490 12,511 504,603 1,372 2,145 1,982 261 5,760 Allowance for impairment losses (1,372) (2,145) (1,982) (261) (5,760) Net carrying amount 432,571 49,514 4,508 12,250 498,843 1 Exchange and other adjustments includes the impact of movements in exchange rates, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets. Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 12: Financial assets at amortised cost (continued) Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m Debt securities At 1 January 2020 5,544 — 3 — 5,547 — — 3 — 3 Exchange and other adjustments (21) — — — (21) — — — — — Additions (repayments) (117) — — — (117) — — — — — Charge to the income statement 1 — — — 1 Financial assets that have been written off during the year (1) — (1) (1) — (1) At 31 December 2020 5,406 — 2 — 5,408 1 — 2 — 3 Allowance for impairment losses (1) — (2) — (3) Net carrying amount 5,405 — — — 5,405 Total financial assets at 448,722 49,514 4,508 12,250 514,994 Movements in UK retail mortgage balances were as follows: Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m UK retail mortgages At 1 January 2020 257,043 16,935 1,506 13,714 289,198 23 281 122 142 568 Exchange and other adjustments 1 — — — (8) (8) — — — 21 21 Transfers to Stage 1 2,418 (2,414) (4) — 17 (17) — — Transfers to Stage 2 (16,463) 16,882 (419) — (4) 22 (18) — Transfers to Stage 3 (199) (974) 1,173 — — (35) 35 — Impact of transfers between stages (14,244) 13,494 750 — (15) 198 66 249 (2) 168 83 249 Other changes in credit quality 63 (26) (23) 167 181 Additions (repayments) 8,619 (1,411) (375) (1,156) 5,677 14 (15) (13) (30) (44) Methodology and model changes 6 60 24 — 90 Charge to the income statement 81 187 71 137 476 Advances written off (37) (39) (76) (37) (39) (76) Recoveries of advances written off in previous years 15 — 15 15 — 15 Discount unwind 20 — 20 At 31 December 2020 251,418 29,018 1,859 12,511 294,806 104 468 191 261 1,024 Allowance for impairment losses (104) (468) (191) (261) (1,024) Net carrying amount 251,314 28,550 1,668 12,250 293,782 1 Exchange and other adjustments includes the impact of movements in exchange rates, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets. Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 12: Financial assets at amortised cost (continued) Movements in allowance for expected credit losses in respect of undrawn balances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m Undrawn balances At 1 January 2020 95 77 5 — 177 Exchange and other adjustments (6) (1) — — (7) Transfers to Stage 1 19 (19) — — Transfers to Stage 2 (11) 11 — — Transfers to Stage 3 (1) (6) 7 — Impact of transfers between stages (10) 102 10 102 (3) 88 17 102 Other items charged to the income statement 126 70 (9) — 187 Charge to the income statement 123 158 8 — 289 At 31 December 2020 212 234 13 — 459 The Group's total impairment allowances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m In respect of: Loans and advances to banks 6 — — — 6 Loans and advances to customers: UK retail mortgages 104 468 191 261 1,024 Other 1,268 1,677 1,791 — 4,736 1,372 2,145 1,982 261 5,760 Debt securities 1 — 2 — 3 Financial assets at amortised cost 1,379 2,145 1,984 261 5,769 Other assets — — 19 — 19 Provisions in relation to loan commitments and financial guarantees 212 234 13 — 459 Total 1,591 2,379 2,016 261 6,247 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) 5 — — — 5 The movement tables are compiled by comparing the position at the reporting date to that at the beginning of the year. Transfers between stages are deemed to have taken place at the start of the reporting period, with all other movements shown in the stage in which the asset is held at the period end, with the exception of those held within purchased or originated credit-impaired, which are not transferable. Additions (repayments) comprise new loans originated and repayments of outstanding balances throughout the reporting period. Loans which are written off in the period are first transferred to Stage 3 before acquiring a full allowance and subsequent write-off. Loans and advances to customers include advances securitised under the Group's securitisation and covered bond programmes (see note 13). |
Debt securities in issue
Debt securities in issue | 6 Months Ended |
Jun. 30, 2021 | |
Debt securities in issue | |
Debt securities in issue | Note 13: Debt securities in issue At 30 June 2021 At 31 December 2020 At fair value through profit or loss At Total At fair value through profit or loss At amortised cost Total £m £m £m £m £m £m Medium-term notes issued 6,818 40,423 47,241 6,783 42,621 49,404 Covered bonds — 20,120 20,120 — 23,980 23,980 Certificates of deposit — 4,225 4,225 — 7,998 7,998 Securitisation notes 38 4,093 4,131 45 4,406 4,451 Commercial paper — 12,407 12,407 — 8,392 8,392 6,856 81,268 88,124 6,828 87,397 94,225 The notes issued by the Group’s securitisation and covered bond programmes are held by external parties and by subsidiaries of the Group. Securitisation programmes At 30 June 2021, external parties held £4,131 million (31 December 2020: £4,451 million) and the Group’s subsidiaries held £27,038 million (31 December 2020: £27,448 million) of total securitisation notes in issue of £31,169 million (31 December 2020: £31,899 million). The notes are secured on loans and advances to customers and debt securities held at amortised cost amounting to £33,752 million (31 December 2020: £34,584 million), the majority of which have been sold by subsidiary companies to bankruptcy remote structured entities. The structured entities are consolidated fully and all of these loans are retained on the Group's balance sheet. Covered bond programmes At 30 June 2021, external parties held £20,120 million (31 December 2020: £23,980 million) and the Group’s subsidiaries held none (31 December 2020: £100 million) of total covered bonds in issue of £20,120 million (31 December 2020: £24,080 million). The bonds are secured on certain loans and advances to customers amounting to £31,698 million (31 December 2020: £34,960 million) that have been assigned to bankruptcy remote limited liability partnerships. These loans are retained on the Group's balance sheet. Cash deposits of £4,674 million (31 December 2020: £3,930 million) which support the debt securities issued by the structured entities, the term advances related to covered bonds and other legal obligations are held by the Group. |
Retirement benefit obligations
Retirement benefit obligations | 6 Months Ended |
Jun. 30, 2021 | |
Post-retirement defined benefit schemes | |
Retirement benefit obligations | Note 14: Retirement benefit obligations The Group’s post-retirement defined benefit scheme obligations are comprised as follows: At 30 June 2021 At 31 Dec 2020 £m £m Defined benefit pension schemes: Fair value of scheme assets 49,299 51,127 Present value of funded obligations (46,297) (49,549) Net pension scheme asset 3,002 1,578 Other post-retirement schemes (102) (109) Net retirement benefit asset 2,900 1,469 Recognised on the balance sheet as: Retirement benefit assets 3,134 1,714 Retirement benefit obligations (234) (245) Net retirement benefit asset 2,900 1,469 Movements in the Group’s net post-retirement defined benefit scheme asset during the period were as follows: £m Asset at 1 January 2021 1,469 Income statement charge (122) Employer contributions 949 Remeasurement 604 Asset at 30 June 2021 2,900 The charge to the income statement in respect of pensions and other post-retirement benefit schemes is comprised as follows: Half-year to 30 June 2021 Half-year to 30 June 2020 Half-year to 31 Dec 2020 £m £m £m Defined benefit pension schemes 122 121 126 Defined contribution schemes 162 151 168 Total charge to the income statement 284 272 294 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 14: Retirement benefit obligations (continued) The principal assumptions used in the valuations of the defined benefit pension schemes were as follows: At 30 June 2021 At 31 Dec 2020 % % Discount rate 1.93 1.44 Rate of inflation: Retail Price Index 3.10 2.80 Consumer Price Index 2.70 2.41 Rate of salary increases 0.00 0.00 Weighted-average rate of increase for pensions in payment 2.81 2.61 |
Other provisions
Other provisions | 6 Months Ended |
Jun. 30, 2021 | |
Disclosure of other provisions [abstract] | |
Other provisions | Note 15: Other provisions Provisions Regulatory Other Total £m £m £m £m At 1 January 2021 459 642 814 1,915 Exchange and other adjustments (2) (4) (10) (16) Provisions applied — (398) (152) (550) Charge for the period (98) 425 82 409 At 30 June 2021 359 665 734 1,758 Regulatory provisions In the course of its business, the Group is engaged in discussions with the PRA, FCA and other UK and overseas regulators and other governmental authorities on a range of matters. The Group also receives complaints in connection with its past conduct and claims brought by or on behalf of current and former employees, customers, investors and other third parties and is subject to legal proceedings and other legal actions. Where significant, provisions are held against the costs expected to be incurred in relation to these matters and matters arising from related internal reviews. During the half-year to 30 June 2021 the Group charged a further £425 million in respect of legal actions and other regulatory matters, including a charge of £91 million for the FCA fine in relation to General Insurance renewals errors, a charge in respect of HBOS Reading and charges for other legacy programmes. The unutilised balance at 30 June 2021 was £665 million (31 December 2020: £642 million). The most significant items are as follows. Payment protection insurance (excluding MBNA) The Group has made provisions for PPI costs over a number of years totalling £21,960 million. Good progress continues to be made towards ensuring operational completeness, with the final validation of information requests and complaints with third parties at an advanced stage, ahead of an orderly programme close. At 30 June 2021, a provision of £57 million remained outstanding (excluding amounts related to MBNA), with total cash payments of £144 million during the six months to 30 June 2021. In addition to the above provision, the Group continues to challenge PPI litigation cases, with mainly administration costs and some potential redress recognised within the first half regulatory provisions. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 15: Other provisions (continued) Payment protection insurance (MBNA) As announced in December 2016, the Group's exposure continues to remain capped at £240 million under the terms of the MBNA sale and purchase agreement. No additional charge has been made by MBNA to its PPI provision in the half-year to 30 June 2021. HBOS Reading – review The Group completed its compensation assessment for those within the Customer Review in 2019 with more than £109 million of compensation paid, in addition to £15 million for ex-gratia payments and £6 million for the reimbursement of legal fees. The Group is applying the recommendations from Sir Ross Cranston’s review, issued in December 2019, including a reassessment of direct and consequential losses by an independent panel, an extension of debt relief and a wider definition of de facto directors. Further details of the panel were announced on 3 April 2020 and the panel's full scope and methodology was published on 7 July 2020. The panel’s stated objective is to consider cases via a non-legalistic and fair process and to make their decisions in a generous, fair and common-sense manner. Details of an appeal process for the further assessments of debt relief and de facto director status have also been announced. In 2020 a charge of £159 million was recorded, bringing the lifetime cost to £435 million, covering both compensation payments and operational costs. In the half-year to 30 June 2021 the Group has continued to make progress assessing further debt relief and de facto director status claims and has now completed 99 per cent of preliminary assessments. The independent panel has also started to issue its first outcomes. The Group has charged £150 million in the half-year to 30 June 2021 for the independent panel and Dame Linda Dobbs review of the Group’s handling of HBOS Reading between January 2009 and January 2017. A significant part of this charge relates to the actual and foreseeable future operational costs of these activities which are both now expected to extend into 2022, in addition to awards from the independent panel to date. The first half charge increases the lifetime cost to £585 million. The panel is continuing its assessment of awards which could result in further significant charges over 2021 and 2022 but it is not possible to reliably estimate the potential impact or timings at this stage. The Group is committed to implementing Sir Ross's recommendations in full. Arrears handling related activities To date the Group has provided a total of £1,017 million for arrears handling activities; the unutilised balance at 30 June 2021 was £38 million. Customer claims in relation to insurance branch business in Germany The Group continues to receive claims from customers in Germany relating to policies issued by Clerical Medical Investment Group Limited (subsequently renamed Scottish Widows Limited), with smaller numbers of claims received from customers in Austria and Italy. The Group provided a further £21 million in the half-year to 30 June 2021, bringing the total provided to date to £695 million (31 December 2020: £674 million); utilisation of the provision was £22 million in the half-year to 30 June 2021 (year ended 31 December 2020: £28 million); the remaining unutilised provision as at 30 June 2021 was £92 million (31 December 2020: £93 million). The ultimate financial effect, which could be significantly different from the current provision, will be known only once all relevant claims have been resolved. |
Contingent liabilities, commitm
Contingent liabilities, commitments and guarantees | 6 Months Ended |
Jun. 30, 2021 | |
Contingent liabilities, commitments and guarantees | |
Contingent liabilities, commitments and guarantees | Note 16: Contingent liabilities, commitments and guarantees Interchange fees With respect to multi-lateral interchange fees (MIFs), the Group is not involved in the ongoing litigation which involves the card schemes Visa and Mastercard (as described below). However, the Group is a member/licensee of Visa and Mastercard and other card schemes. The litigation in question is as follows: • litigation brought by retailers against both Visa and Mastercard continues in the English Courts in which retailers are seeking damages on grounds that Visa and Mastercard’s MIFs breached competition law (this includes a judgment of the Supreme Court in June 2020 upholding the Court of Appeal's finding in 2018 that historic interchange arrangements of Mastercard and Visa infringed competition law); and • litigation brought on behalf of UK consumers in the English Courts against Mastercard, which the Supreme Court has now confirmed can proceed in the lower courts. Any impact on the Group of the litigation against Visa and Mastercard remains uncertain at this time, such that it is not practicable for the Group to provide an estimate of any potential financial effect. Insofar as Visa is required to pay damages to retailers for interchange fees set prior to June 2016, contractual arrangements to allocate liability have been agreed between various UK banks (including the Group) and Visa Inc, as part of Visa Inc’s acquisition of Visa Europe in 2016. These arrangements cap the maximum amount of liability to which the Group may be subject and this cap is set at the cash consideration received by the Group for the sale of its stake in Visa Europe to Visa Inc in 2016. In 2016, the Group received Visa preference stock as part of the consideration for the sale of its shares in Visa Europe. In 2020, some of these Visa preference shares were converted into Visa Inc Class A common stock (in accordance with the provisions of the Visa Europe sale documentation) and they were subsequently sold by the Group. The sale had no impact on this contingent liability. LIBOR and other trading rates Certain Group companies, together with other panel banks, have been named as defendants in private lawsuits, including purported class action suits, in the US in connection with their roles as panel banks contributing to the setting of US Dollar, Japanese Yen and Sterling London Interbank Offered Rate and the Australian BBSW reference rate. Certain of the plaintiffs' claims have been dismissed by the US Federal Court for the Southern District of New York (subject to appeals). Certain Group companies are also named as defendants in (i) UK based claims and; (ii) two Dutch class actions, raising LIBOR manipulation allegations. A number of the claims against the Group in the UK relating to the alleged mis-sale of interest rate hedging products also include allegations of LIBOR manipulation. The Swiss Competition Commission concluded its investigation against Lloyds Bank plc in June 2019. It is currently not possible to predict the scope and ultimate outcome on the Group of any private lawsuits or any related challenges to the interpretation or validity of any of the Group's contractual arrangements, including their timing and scale. As such, it is not practicable to provide an estimate of any potential financial effect. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 16: Contingent liabilities, commitments and guarantees (continued) Tax authorities The Group has an open matter in relation to a claim for group relief of losses incurred in its former Irish banking subsidiary, which ceased trading on 31 December 2010. In 2013, HMRC informed the Group that its interpretation of the UK rules means that the group relief is not available. In 2020, HMRC concluded their enquiry into the matter and issued a closure notice. The Group's interpretation of the UK rules has not changed and hence it has appealed to the First Tier Tax Tribunal, with a hearing expected in early 2022. If the final determination of the matter by the judicial process is that HMRC’s position is correct, management estimate that this would result in an increase in current tax liabilities of approximately £835 million (including interest) and a reduction in the Group’s deferred tax asset of approximately £330 million. The Group, having taken appropriate advice, does not consider that this is a case where additional tax will ultimately fall due. There are a number of other open matters on which the Group is in discussions with HMRC (including the tax treatment of certain costs arising from the divestment of TSB Banking Group plc), none of which is expected to have a material impact on the financial position of the Group. Other legal actions and regulatory matters In addition, during the ordinary course of business the Group is subject to other complaints and threatened or actual legal proceedings (including class or group action claims) brought by or on behalf of current or former employees, customers, investors or other third parties, as well as legal and regulatory reviews, challenges, investigations and enforcement actions, both in the UK and overseas. Where material, such matters are periodically reassessed, with the assistance of external professional advisers where appropriate, to determine the likelihood of the Group incurring a liability. In those instances where it is concluded that it is more likely than not that a payment will be made, a provision is established to management's best estimate of the amount required at the relevant balance sheet date. In some cases it will not be possible to form a view, for example because the facts are unclear or because further time is needed to properly assess the merits of the case, and no provisions are held in relation to such matters. In these circumstances, specific disclosure in relation to a contingent liability will be made where material. However the Group does not currently expect the final outcome of any such case to have a material adverse effect on its financial position, operations or cash flows. Where there is a contingent liability related to an existing provision the relevant disclosures are included within note 15. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 16: Contingent liabilities, commitments and guarantees (continued) Contingent liabilities, commitments and guarantees arising from the banking business At 30 June 2021 At 31 Dec 2020 £m £m Contingent liabilities Acceptances and endorsements 157 131 Other: Other items serving as direct credit substitutes 513 317 Performance bonds, including letters of credit, and other transaction-related contingencies 1,994 2,105 2,507 2,422 Total contingent liabilities 2,664 2,553 Commitments and guarantees Documentary credits and other short-term trade-related transactions 1 1 Forward asset purchases and forward deposits placed 74 127 Undrawn formal standby facilities, credit lines and other commitments to lend: Less than 1 year original maturity: Mortgage offers made 16,740 20,179 Other commitments and guarantees 89,944 89,269 106,684 109,448 1 year or over original maturity 33,642 38,299 Total commitments and guarantees 140,401 147,875 Of the amounts shown above in respect of undrawn formal standby facilities, credit lines and other commitments to lend, £66,731 million (31 December 2020: £73,962 million) was irrevocable. |
Fair values of financial assets
Fair values of financial assets and liabilities | 6 Months Ended |
Jun. 30, 2021 | |
Financial Instruments [Abstract] | |
Fair values of financial assets and liabilities | Note 17: Fair values of financial assets and liabilities The valuations of financial instruments have been classified into three levels according to the quality and reliability of information used to determine those fair values. Note 48 to the Group’s 2020 financial statements details the definitions of the three levels in the fair value hierarchy. Valuation control framework Key elements of the valuation control framework, which covers processes for all levels in the fair value hierarchy including level 3 portfolios, include model validation (incorporating pre-trade and post-trade testing), product implementation review and independent price verification. Formal committees meet quarterly to discuss and approve valuations in more judgemental areas. Transfers into and out of level 3 portfolios Transfers out of level 3 portfolios arise when inputs that could have a significant impact on the instrument’s valuation become market observable; conversely, transfers into the portfolios arise when sources of data cease to be observable. Valuation methodology For level 2 and level 3 portfolios, there is no significant change to the valuation methodology (techniques and inputs) disclosed in the Group’s 2020 Annual Report and Accounts applied to these portfolios. The table below summarises the carrying values of financial assets and liabilities presented on the Group’s balance sheet. The fair values presented in the table are at a specific date and may be significantly different from the amounts which will actually be paid or received on the maturity or settlement date. At 30 June 2021 At 31 December 2020 Carrying Fair Carrying Fair £m £m £m £m Financial assets Loans and advances to banks 10,811 10,812 10,746 10,745 Loans and advances to customers 500,356 501,187 498,843 498,255 Debt securities 5,008 5,001 5,405 5,398 Financial assets at amortised cost 516,175 517,000 514,994 514,398 Financial liabilities Deposits from banks 20,655 20,656 31,465 31,468 Customer deposits 482,349 482,513 460,068 460,338 Debt securities in issue 81,268 85,363 87,397 93,152 Liabilities arising from non-participating investment contracts 42,031 42,031 38,452 38,452 Subordinated liabilities 13,527 15,628 14,261 16,410 Financial instruments classified as financial assets at fair value through profit or loss, derivative financial instruments, financial assets at fair value through other comprehensive income, assets arising from contracts held with reinsurers and financial liabilities at fair value through profit or loss are recognised at fair value. The carrying amount of the following financial instruments is a reasonable approximation of fair value: cash and balances at central banks, items in the course of collection from banks, items in course of transmission to banks and notes in circulation. Fair values have not been disclosed for discretionary participating investment contracts. There is currently no agreed definition of fair valuation for discretionary participation features applied under IFRS and therefore the range of possible fair values of these contracts cannot be measured reliably. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 17: Fair values of financial assets and liabilities (continued) The Group manages valuation adjustments for its derivative exposures on a net basis; the Group determines their fair values on the basis of their net exposures. In all other cases, fair values of financial assets and liabilities measured at fair value are determined on the basis of their gross exposures. The following tables provide an analysis of the financial assets and liabilities of the Group that are carried at fair value in the Group’s consolidated balance sheet, grouped into levels 1 to 3 based on the degree to which the fair value is observable. There were no significant transfers between level 1 and level 2 during the period. Level 1 Level 2 Level 3 Total Financial assets £m £m £m £m At 30 June 2021 Financial assets at fair value through profit or loss: Loans and advances to customers — 12,676 9,844 22,520 Loans and advances to banks — 3,818 — 3,818 Debt securities 16,427 26,330 1,708 44,465 Treasury and other bills 18 — — 18 Equity shares 104,960 100 1,708 106,768 Financial assets at fair value through profit or loss 121,405 42,924 13,260 177,589 Assets arising from contracts held with reinsurers — 19,102 — 19,102 Total financial assets at fair value through profit or loss 121,405 62,026 13,260 196,691 Financial assets at fair value through other comprehensive income: Debt securities 12,609 13,205 167 25,981 Treasury and other bills 25 — — 25 Equity shares — — 207 207 Total financial assets at fair value through other comprehensive income 12,634 13,205 374 26,213 Derivative financial instruments 33 21,092 1,068 22,193 Total financial assets carried at fair value 134,072 96,323 14,702 245,097 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 17: Fair values of financial assets and liabilities (continued) Level 1 Level 2 Level 3 Total Financial assets £m £m £m £m At 31 December 2020 Financial assets at fair value through profit or loss: Loans and advances to customers — 12,508 11,501 24,009 Loans and advances to banks — 4,467 — 4,467 Debt securities 20,376 24,353 1,954 46,683 Treasury and other bills 18 — — 18 Equity shares 94,687 171 1,591 96,449 Financial assets at fair value through profit or loss 115,081 41,499 15,046 171,626 Assets arising from contracts held with reinsurers — 19,543 — 19,543 Total financial assets at fair value through profit or loss 115,081 61,042 15,046 191,169 Financial assets at fair value through other comprehensive income: Debt securities 14,784 12,437 180 27,401 Treasury and other bills 36 — — 36 Equity shares — — 166 166 Total financial assets at fair value through other comprehensive income 14,820 12,437 346 27,603 Derivative financial instruments 60 28,572 981 29,613 Total financial assets carried at fair value 129,961 102,051 16,373 248,385 Level 1 Level 2 Level 3 Total Financial liabilities £m £m £m £m At 30 June 2021 Financial liabilities at fair value through profit or loss: Liabilities designated at fair value through profit or loss — 6,818 39 6,857 Trading liabilities 1,072 13,125 — 14,197 Total financial liabilities at fair value through profit or loss 1,072 19,943 39 21,054 Derivative financial instruments 56 16,626 1,269 17,951 Total financial liabilities carried at fair value 1,128 36,569 1,308 39,005 At 31 December 2020 Financial liabilities at fair value through profit or loss: Liabilities designated at fair value through profit or loss — 6,783 45 6,828 Trading liabilities 778 15,040 — 15,818 Total financial liabilities at fair value through profit or loss 778 21,823 45 22,646 Derivative financial instruments 56 25,883 1,374 27,313 Total financial liabilities carried at fair value 834 47,706 1,419 49,959 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 17: Fair values of financial assets and liabilities (continued) Movements in level 3 portfolio The tables below analyse movements in the level 3 financial assets portfolio. Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income Derivative assets Total financial assets carried at fair value £m £m £m £m At 1 January 2021 15,046 346 981 16,373 Exchange and other adjustments (16) (7) 3 (20) Losses recognised in the income statement within other income (135) — (154) (289) Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income — 43 — 43 Purchases/increases to customer loans 644 — 302 946 Sales/repayments of customer loans (1,520) (8) (64) (1,592) Transfers into the level 3 portfolio 19 — — 19 Transfers out of the level 3 portfolio (778) — — (778) At 30 June 2021 13,260 374 1,068 14,702 Losses recognised in the income statement, within other income, relating to the change in fair value of those assets held at 30 June 2021 (187) — (156) (343) At 1 January 2020 14,908 408 863 16,179 Exchange and other adjustments 106 11 19 136 Gains recognised in the income statement within other income 135 — 124 259 Losses recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income — (67) — (67) Purchases/increases to customer loans 851 — 2 853 Sales/repayments of customer loans (839) (7) (81) (927) Transfers into the level 3 portfolio 73 — 41 114 Transfers out of the level 3 portfolio (247) — (84) (331) At 30 June 2020 14,987 345 884 16,216 Gains recognised in the income statement, within other income, relating to the change in fair value of those assets held at 30 June 2020 141 — 132 273 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 17: Fair values of financial assets and liabilities (continued) The tables below analyse movements in the level 3 financial liabilities portfolio. Financial liabilities at Derivative liabilities Total £m £m £m At 1 January 2021 45 1,374 1,419 Exchange and other adjustments — 3 3 Gains recognised in the income statement within other income (2) (247) (249) Additions 1 201 202 Redemptions (5) (19) (24) Transfers into the level 3 portfolio — — — Transfers out of the level 3 portfolio — (43) (43) At 30 June 2021 39 1,269 1,308 Gains recognised in the income statement, within other income, relating to the change in fair value of those liabilities held at 30 June 2021 (2) (244) (246) At 1 January 2020 48 1,367 1,415 Exchange and other adjustments — 20 20 Losses recognised in the income statement within other income 1 194 195 Additions — 2 2 Redemptions (2) (8) (10) Transfers into the level 3 portfolio — 51 51 Transfers out of the level 3 portfolio — (159) (159) At 30 June 2020 47 1,467 1,514 Losses recognised in the income statement, within other income, relating to the change in fair value of those liabilities held at 30 June 2020 — 195 195 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 17: Fair values of financial assets and liabilities (continued) The tables below set out the effects of reasonably possible alternative assumptions for categories of level 3 financial assets and financial liabilities which have an aggregated carrying value greater than £500 million. At 30 June 2021 Effect of reasonably possible alternative assumptions 2 Valuation techniques Significant unobservable inputs 1 Carrying value Favourable changes Unfavourable £m £m £m Financial assets at fair value through profit or loss Loans and advances to customers Discounted cash flows Interest rate spreads (-50bps/+191bps) 9,844 514 (498) Equity and venture capital investments Market approach Earnings multiple (0.3/14.4) 1,682 143 (143) Equity and venture capital investments Underlying asset/net asset value (incl. property prices) 3 n/a 795 111 (123) Unlisted equities, debt securities and property partnerships in the life funds Underlying asset/net asset value (incl. property prices) 3 n/a 743 7 (21) Other 196 9 (9) 13,260 Financial assets at fair value through other comprehensive income 374 Derivative financial assets Interest rate derivatives Option pricing model Interest rate volatility (8%/124%) 1,068 6 (14) 1,068 Level 3 financial assets carried at fair value 14,702 Financial liabilities at fair value through profit or loss 39 Derivative financial liabilities Interest rate derivatives Option pricing model Interest rate volatility (8%/124%) 1,269 — — 1,269 Level 3 financial liabilities carried at fair value 1,308 1 Ranges are shown where appropriate and represent the highest and lowest inputs used in the level 3 valuations. 2 Where the exposure to an unobservable input is managed on a net basis, only the net impact is shown in the table. 3 Underlying asset/net asset values represent fair value. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 17: Fair values of financial assets and liabilities (continued) At 31 December 2020 Effect of reasonably possible alternative assumptions 2 Valuation Significant unobservable inputs 1 Carrying value Favourable changes Unfavourable changes £m £m £m Financial assets at fair value through profit or loss Loans and advances to customers Discounted cash flows Interest rate spreads (-50bps/+215bps) 11,501 528 (651) Equity and venture capital investments Market approach Earnings multiple (1.0/15.2) 1,905 72 (72) Equity and venture capital investments Underlying asset/net asset value (incl. property prices) 3 n/a 634 91 (121) Unlisted equities, debt securities and property partnerships in the life funds Underlying asset/net asset value (incl. property prices) 3 n/a 780 6 (34) Other 226 10 (10) 15,046 Financial assets at fair value through other comprehensive income 346 Derivative financial assets Interest rate derivatives Option pricing model Interest rate volatility (13%/128%) 981 8 (6) 981 Level 3 financial assets carried at fair value 16,373 Financial liabilities at fair value through profit or loss 45 Derivative financial liabilities Interest rate derivatives Option pricing model Interest rate volatility (13%/128%) 1,374 — — 1,374 Level 3 financial liabilities carried at fair value 1,419 1 Ranges are shown where appropriate and represent the highest and lowest inputs used in the level 3 valuations. 2 Where the exposure to an unobservable input is managed on a net basis, only the net impact is shown in the table. 3 Underlying asset/net asset values represent fair value. Unobservable inputs Significant unobservable inputs affecting the valuation of debt securities, unlisted equity investments and derivatives are unchanged from those described in the Group’s 2020 financial statements. Reasonably possible alternative assumptions Valuation techniques applied to many of the Group’s level 3 instruments often involve the use of two or more inputs whose relationship is interdependent. The calculation of the effect of reasonably possible alternative assumptions included in the table above reflects such relationships and are unchanged from those described in note 48 to the Group’s 2020 financial statements. |
Credit quality of loans and adv
Credit quality of loans and advances to banks and customers | 6 Months Ended |
Jun. 30, 2021 | |
Credit quality of loans and advances to banks and customers | |
Credit quality of loans and advances to banks and customers | Note 18: Credit quality of loans and advances to banks and customers Gross drawn exposures and expected credit loss allowances Drawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 30 June 2021 Loans and advances to banks: CMS 1-10 10,804 — — — 10,804 3 — — — 3 CMS 11-14 10 — — — 10 — — — — — CMS 15-18 — — — — — — — — — — CMS 19 — — — — — — — — — — CMS 20-23 — — — — — — — — — — 10,814 — — — 10,814 3 — — — 3 Loans and advances to customers: Retail - UK Mortgages RMS 1-6 262,472 22,374 — — 284,846 123 234 — — 357 RMS 7-9 69 4,022 — — 4,091 1 59 — — 60 RMS 10 — 918 — — 918 — 23 — — 23 RMS 11-13 — 2,456 — — 2,456 — 95 — — 95 RMS 14 — — 1,924 11,886 13,810 — — 175 190 365 262,541 29,770 1,924 11,886 306,121 124 411 175 190 900 Retail - credit cards RMS 1-6 9,032 1,124 — — 10,156 61 46 — — 107 RMS 7-9 1,720 1,028 — — 2,748 60 115 — — 175 RMS 10 150 317 — — 467 6 60 — — 66 RMS 11-13 54 467 — — 521 — 169 — — 169 RMS 14 — — 323 — 323 — — 140 — 140 10,956 2,936 323 — 14,215 127 390 140 — 657 Retail - loans and overdrafts RMS 1-6 5,991 398 — — 6,389 73 19 — — 92 RMS 7-9 1,707 519 — — 2,226 74 60 — — 134 RMS 10 63 143 — — 206 6 29 — — 35 RMS 11-13 21 353 — — 374 3 134 — — 137 RMS 14 — — 312 — 312 — — 151 — 151 7,782 1,413 312 — 9,507 156 242 151 — 549 Retail - UK Motor Finance RMS 1-6 11,638 1,464 — — 13,102 142 36 — — 178 RMS 7-9 687 490 — — 1,177 7 29 — — 36 RMS 10 — 134 — — 134 — 19 — — 19 RMS 11-13 22 184 — — 206 — 45 — — 45 RMS 14 — — 233 — 233 — — 152 — 152 12,347 2,272 233 — 14,852 149 129 152 — 430 Retail - other RMS 1-6 15,661 485 — — 16,146 25 15 — — 40 RMS 7-9 1,982 357 — — 2,339 6 43 — — 49 RMS 10 — 5 — — 5 — — — — — RMS 11-13 431 356 — — 787 — 29 — — 29 RMS 14 — — 244 — 244 — — 54 — 54 18,074 1,203 244 — 19,521 31 87 54 — 172 Total Retail 311,700 37,594 3,036 11,886 364,216 587 1,259 672 190 2,708 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 18: Credit quality of loans and advances to banks and customers (continued) Gross drawn exposures and expected credit loss allowances (continued) Drawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 30 June 2021 Commercial Banking CMS 1-10 38,828 133 — — 38,961 28 2 — — 30 CMS 11-14 32,404 3,461 — — 35,865 118 51 — — 169 CMS 15-18 3,012 4,203 — — 7,215 44 237 — — 281 CMS 19 — 607 — — 607 — 71 — — 71 CMS 20-23 — — 3,078 — 3,078 — — 987 — 987 74,244 8,404 3,078 — 85,726 190 361 987 — 1,538 Other RMS 1-6 877 36 — — 913 9 1 — — 10 RMS 7-9 — — — — — — — — — — RMS 10 — — — — — — — — — — RMS 11-13 — — — — — — — — — — RMS 14 — — 70 — 70 — — 16 — 16 877 36 70 — 983 9 1 16 — 26 CMS 1-10 54,098 — — — 54,098 — — — — — CMS 11-14 3 — — — 3 — — — — — CMS 15-18 — — — — — — — — — — CMS 19 2 — — — 2 — — — — — CMS 20-23 — — — — — — — — — — 54,103 — — — 54,103 — — — — — Central overlay — — — — — 400 — — — 400 Total loans and advances to customers 440,924 46,034 6,184 11,886 505,028 1,186 1,621 1,675 190 4,672 In respect of: Retail 311,700 37,594 3,036 11,886 364,216 587 1,259 672 190 2,708 Commercial Banking 74,244 8,404 3,078 — 85,726 190 361 987 — 1,538 Other 1 54,980 36 70 — 55,086 409 1 16 — 426 Total loans and advances to customers 440,924 46,034 6,184 11,886 505,028 1,186 1,621 1,675 190 4,672 1 Principally comprises reverse repurchase agreement balances. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 18: Credit quality of loans and advances to banks and customers (continued) Gross drawn exposures and expected credit loss allowances Drawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2020 Loans and advances to banks: CMS 1-10 10,670 — — — 10,670 6 — — — 6 CMS 11-14 82 — — — 82 — — — — — CMS 15-18 — — — — — — — — — — CMS 19 — — — — — — — — — — CMS 20-23 — — — — — — — — — — 10,752 — — — 10,752 6 — — — 6 Loans and advances to customers: Retail - UK Mortgages RMS 1-6 251,372 21,010 — — 272,382 103 247 — — 350 RMS 7-9 46 4,030 — — 4,076 1 66 — — 67 RMS 10 — 907 — — 907 — 25 — — 25 RMS 11-13 — 3,071 — — 3,071 — 130 — — 130 RMS 14 — — 1,859 12,511 14,370 — — 191 261 452 251,418 29,018 1,859 12,511 294,806 104 468 191 261 1,024 Retail - credit cards RMS 1-6 9,619 1,284 — — 10,903 75 57 — — 132 RMS 7-9 1,603 1,137 — — 2,740 66 138 — — 204 RMS 10 274 343 — — 617 14 70 — — 84 RMS 11-13 — 509 — — 509 — 193 — — 193 RMS 14 — — 340 — 340 — — 153 — 153 11,496 3,273 340 — 15,109 155 458 153 — 766 Retail - loans and overdrafts RMS 1-6 5,559 291 — — 5,850 80 15 — — 95 RMS 7-9 1,990 580 — — 2,570 99 66 — — 165 RMS 10 116 181 — — 297 13 36 — — 49 RMS 11-13 45 467 — — 512 9 178 — — 187 RMS 14 — — 307 — 307 — — 147 — 147 7,710 1,519 307 — 9,536 201 295 147 — 643 Retail - UK Motor Finance RMS 1-6 12,035 1,396 — — 13,431 187 46 — — 233 RMS 7-9 738 456 — — 1,194 7 33 — — 40 RMS 10 — 171 — — 171 — 30 — — 30 RMS 11-13 13 193 — — 206 — 62 — — 62 RMS 14 — — 199 — 199 — — 133 — 133 12,786 2,216 199 — 15,201 194 171 133 — 498 Retail - other RMS 1-6 14,952 482 — — 15,434 19 19 — — 38 RMS 7-9 2,418 334 — — 2,752 11 39 — — 50 RMS 10 — 21 — — 21 — 1 — — 1 RMS 11-13 509 467 — — 976 — 40 — — 40 RMS 14 — — 184 — 184 — — 59 — 59 17,879 1,304 184 — 19,367 30 99 59 — 188 Total Retail 301,289 37,330 2,889 12,511 354,019 684 1,491 683 261 3,119 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 18: Credit quality of loans and advances to banks and customers (continued) Gross drawn exposures and expected credit loss allowances (continued) Drawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2020 Commercial Banking CMS 1-10 35,072 191 — — 35,263 42 2 — — 44 CMS 11-14 30,821 6,971 — — 37,792 141 109 — — 250 CMS 15-18 4,665 6,469 — — 11,134 96 398 — — 494 CMS 19 — 685 — — 685 — 144 — — 144 CMS 20-23 — — 3,524 — 3,524 — — 1,282 — 1,282 70,558 14,316 3,524 — 88,398 279 653 1,282 — 2,214 Other RMS 1-6 871 13 — — 884 9 1 — — 10 RMS 7-9 — — — — — — — — — — RMS 10 — — — — — — — — — — RMS 11-13 — — — — — — — — — — RMS 14 — — 67 — 67 — — 17 — 17 871 13 67 — 951 9 1 17 — 27 CMS 1-10 60,985 — — — 60,985 — — — — — CMS 11-14 238 — — — 238 — — — — — CMS 15-18 — — — — — — — — — — CMS 19 2 — — — 2 — — — — — CMS 20-23 — — 10 — 10 — — — — — 61,225 — 10 — 61,235 — — — — — Central overlay — — — — — 400 — — — 400 Total loans and advances to customers 433,943 51,659 6,490 12,511 504,603 1,372 2,145 1,982 261 5,760 In respect of: Retail 301,289 37,330 2,889 12,511 354,019 684 1,491 683 261 3,119 Commercial Banking 70,558 14,316 3,524 — 88,398 279 653 1,282 — 2,214 Other 1 62,096 13 77 — 62,186 409 1 17 — 427 Total loans and advances to customers 433,943 51,659 6,490 12,511 504,603 1,372 2,145 1,982 261 5,760 1 Principally comprises reverse repurchase agreement balances. |
Dividends on ordinary shares
Dividends on ordinary shares | 6 Months Ended |
Jun. 30, 2021 | |
Disclosure of dividends [text block] [Abstract] | |
Dividends on ordinary shares | Note 19: Dividends on ordinary shares An interim dividend for 2021 of 0.67 pence per ordinary share will be paid on 13 September 2021. The total amount of this dividend is £473 million. The Group did not pay any dividends during 2020 following a specific request of the regulator, the PRA, in line with all other major UK listed banks, as a result of the developing coronavirus crisis. On 25 May 2021, a final dividend in respect of 2020 of 0.57 pence per share, totalling £404 million, the maximum allowable under PRA guidelines, was paid to shareholders. Shareholders who have already joined the dividend reinvestment plan will automatically receive shares instead of the cash dividend. Key dates for the payment of the recommended dividend are: Shares quoted ex-dividend 5 August 2021 Record date 6 August 2021 Final date for joining or leaving the dividend reinvestment plan 20 August 2021 Dividend paid 13 September 2021 |
Future accounting developments
Future accounting developments | 6 Months Ended |
Jun. 30, 2021 | |
Future accounting developments | |
Future accounting developments | Note 20: Future accounting developments The following pronouncements are not applicable for the year ending 31 December 2021 and have not been applied in preparing these condensed consolidated half-year financial statements. Save as disclosed below, the impact of these accounting changes is still being assessed by the Group and reliable estimates cannot be made at this stage. With the exception of IFRS 17 Insurance Contracts and certain other minor amendments, as at 28 July 2021 these pronouncements have been endorsed for use in the United Kingdom. IFRS 17 Insurance Contracts IFRS 17 replaces IFRS 4 Insurance Contracts and is effective for annual periods beginning on or after 1 January 2023. IFRS 17 requires insurance contracts and participating investment contracts to be measured on the balance sheet as the total of the fulfilment cash flows and the contractual service margin. Changes to estimates of future cash flows from one reporting date to another are recognised either as an amount in profit or loss or as an adjustment to the expected profit for providing insurance coverage, depending on the type of change and the reason for it. The effects of some changes in discount rates can either be recognised in profit or loss or in other comprehensive income as an accounting policy choice. The risk adjustment is released to profit and loss as an insurer’s risk reduces. Profits which are currently recognised through a value in-force asset will no longer be recognised at inception of an insurance contract. Instead, the expected profit for providing insurance coverage is recognised in profit or loss over time as the insurance coverage is provided. The standard will have a significant impact on the accounting for the insurance and participating investment contracts issued by the Group. The Group's IFRS 17 project is progressing to plan. Work has focused on interpreting the requirements of the standard, developing methodologies and accounting policies, and implementing the changes required to reporting and other systems. The development of the Group's data warehousing and actuarial liability calculation processes required for IFRS 17 reporting continues to progress, with a schedule of testing and business readiness activity due to run from later this year into 2022, ahead of full implementation from 1 January 2023. Minor amendments to other accounting standards The IASB has issued a number of minor amendments to IFRSs effective 1 January 2022 and in later years (including IFRS 9 Financial Instruments and IAS 37 Provisions, Contingent Liabilities and Contingent Assets ). These amendments are not expected to have a significant impact on the Group. |
Accounting policies, presentati
Accounting policies, presentation and estimates (Policies) | 6 Months Ended |
Jun. 30, 2021 | |
Disclosure Of Significant Accounting Policies | |
Accounting policies, presentation and estimates | These condensed consolidated half-year financial statements as at and for the period to 30 June 2021 have been prepared in accordance with the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority (FCA) and with International Accounting Standard 34 (IAS 34), Interim Financial Reporting as adopted by the United Kingdom and comprise the results of Lloyds Banking Group plc (the Company) together with its subsidiaries (the Group). They do not include all of the information required for full annual financial statements and should be read in conjunction with the Group’s consolidated financial statements as at and for the year ended 31 December 2020 which complied with international accounting standards in conformity with the requirements of the Companies Act 2006, were prepared in accordance with International Financial Reporting Standards (IFRS) and were compliant with IFRS adopted pursuant to Regulation (EC) No 1606/2002 as it applies in the European Union. Copies of the 2020 Annual Report and Accounts are available on the Group’s website and are available upon request from Investor Relations, Lloyds Banking Group plc, 25 Gresham Street, London EC2V 7HN. The UK Finance Code for Financial Reporting Disclosure (the Disclosure Code) sets out disclosure principles together with supporting guidance in respect of the financial statements of UK banks. The Group has adopted the Disclosure Code and these condensed consolidated half-year financial statements have been prepared in compliance with the Disclosure Code’s principles. Terminology used in these condensed consolidated half-year financial statements is consistent with that used in the Group’s 2020 Annual Report and Accounts. The directors consider that it is appropriate to continue to adopt the going concern basis in preparing the condensed consolidated half-year financial statements. In reaching this assessment, the directors have taken into account the continuing uncertainties affecting the UK economy post-pandemic and their potential effects upon the Group’s performance and projected funding and capital position; the impact of further stress scenarios has also been considered. On this basis, the directors are satisfied that the Group will maintain adequate levels of funding and capital for the foreseeable future. |
Changes in accounting policy and future accounting developments | Changes in accounting policy The Group adopted the Interest Rate Benchmark Reform Phase 2 amendments from 1 January 2021. These amendments require that changes to expected future cash flows that both arise as a direct result of IBOR Reform and are economically equivalent to the previous cash flows are accounted for as a change to the effective interest rate with no adjustment to the asset or liability’s carrying amount; no immediate gain or loss is recognised. The new requirements also provide relief from the requirement to discontinue hedge accounting as a result of amending hedge documentation if the changes are required solely as a result of the IBOR Reform. The amendments do not have a material impact on the Group’s comparatives, which have not been restated. Except for the change above, the Group's accounting policies are consistent with those applied by the Group in its 2020 Annual Report and Accounts and there have been no changes in the Group's methods of computation. Future accounting developments Details of those IFRS pronouncements which will be relevant to the Group but which will not be effective at 31 December 2021 and which have not been applied in preparing these condensed consolidated half-year financial statements are set out in note 20. |
Related party transactions | Related party transactions The Group has had no significant related party transactions during the half-year to 30 June 2021. Related party transactions for the half-year to 30 June 2021 are similar in nature to those for the year ended 31 December 2020. Full details of the Group’s related party transactions for the year ended 31 December 2020 can be found in the Group’s 2020 Annual Report and Accounts. |
Critical accounting judgement_2
Critical accounting judgements and estimates (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Disclosure Of Accounting Judgements And Estimates [Abstract] | |
Disclosure of total impact on ECL per scenario | First Second Third Fourth First Second Third Fourth At 30 June 2021 % % % % % % % % Gross domestic product (1.5) 4.3 (0.3) 3.2 1.5 0.5 0.4 0.4 UK Bank Rate 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 Unemployment rate 4.8 5.0 5.4 6.6 6.4 6.2 6.1 5.9 House price growth 6.5 10.5 6.8 5.6 5.0 1.7 0.3 0.1 Commercial real estate price growth (2.9) 1.3 1.5 0.4 (0.3) (0.5) 0.4 1.0 First Second Third Fourth First Second Third Fourth At 31 December 2020 % % % % % % % % Gross domestic product (3.0) (18.8) 16.0 (1.9) (3.8) 5.6 3.6 1.5 UK Bank Rate 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 Unemployment rate 4.0 4.1 4.8 5.0 5.2 6.5 8.0 7.5 House price growth 2.8 2.6 7.2 5.9 5.5 4.7 (1.6) (3.8) Commercial real estate price growth (5.0) (7.8) (7.8) (7.0) (6.1) (2.9) (2.2) (1.7) 1 Gross domestic product presented quarter on quarter, house price growth and commercial real estate growth presented year on year - i.e. from the equivalent quarter the previous year. UK Bank Rate is presented end quarter. Key annual assumptions made by the Group are shown below. Gross domestic product is presented as an annual change, house price growth and commercial real estate price growth are presented as the growth in the respective indices within the period. UK Bank Rate and unemployment rate are averages for the period. The upside, base case and downside scenarios are weighted at 30 per cent each, with the severe downside scenario weighted at 10 per cent. 2021 2022 2023 2024 2025 2021–2025 average At 30 June 2021 % % % % % % Upside Gross domestic product 6.1 5.5 1.4 1.4 1.2 3.1 UK Bank Rate 0.52 1.27 1.09 1.32 1.58 1.16 Unemployment rate 4.7 4.9 4.4 4.2 4.1 4.5 House price growth 6.8 3.4 4.6 3.9 3.4 4.4 Commercial real estate price growth 9.2 5.7 2.4 0.3 (0.3) 3.4 Base case Gross domestic product 5.5 5.5 1.6 1.4 1.2 3.0 UK Bank Rate 0.10 0.10 0.25 0.50 0.75 0.34 Unemployment rate 5.4 6.1 5.4 5.0 4.8 5.4 House price growth 5.6 0.1 0.1 0.6 1.1 1.5 Commercial real estate price growth 0.4 1.0 0.6 0.3 0.5 0.6 Downside Gross domestic product 4.8 4.2 1.3 1.4 1.4 2.6 UK Bank Rate 0.09 0.05 0.06 0.11 0.20 0.10 Unemployment rate 6.0 7.8 7.1 6.5 6.0 6.7 House price growth 3.5 (6.2) (7.5) (4.9) (1.8) (3.5) Commercial real estate price growth (5.3) (5.3) (2.8) (1.5) 0.2 (3.0) Severe downside Gross domestic product 4.1 3.5 1.1 1.4 1.4 2.3 UK Bank Rate 0.06 0.00 0.01 0.02 0.03 0.02 Unemployment rate 7.0 9.9 9.1 8.3 7.6 8.4 House price growth 2.4 (11.0) (13.2) (9.6) (5.1) (7.5) Commercial real estate price growth (13.5) (13.5) (6.9) (2.3) 0.5 (7.3) NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and estimates (continued) 2020 2021 2022 2023 2024 2020–2024 average At 31 December 2020 % % % % % % Upside Gross domestic product (10.5) 3.7 5.7 1.7 1.5 0.3 UK Bank Rate 0.10 1.14 1.27 1.20 1.21 0.98 Unemployment rate 4.3 5.4 5.4 5.0 4.5 5.0 House price growth 6.3 (1.4) 5.2 6.0 5.0 4.2 Commercial real estate price growth (4.6) 9.3 3.9 2.1 0.3 2.1 Base case Gross domestic product (10.5) 3.0 6.0 1.7 1.4 0.1 UK Bank Rate 0.10 0.10 0.10 0.21 0.25 0.15 Unemployment rate 4.5 6.8 6.8 6.1 5.5 5.9 House price growth 5.9 (3.8) 0.5 1.5 1.5 1.1 Commercial real estate price growth (7.0) (1.7) 1.6 1.1 0.6 (1.1) Downside Gross domestic product (10.6) 1.7 5.1 1.4 1.4 (0.4) UK Bank Rate 0.10 0.06 0.02 0.02 0.03 0.05 Unemployment rate 4.6 7.9 8.4 7.8 7.0 7.1 House price growth 5.6 (8.4) (6.5) (4.7) (3.0) (3.5) Commercial real estate price growth (8.7) (10.6) (3.2) (0.8) (0.8) (4.9) Severe downside Gross domestic product (10.8) 0.3 4.8 1.3 1.2 (0.8) UK Bank Rate 0.10 0.00 0.00 0.01 0.01 0.02 Unemployment rate 4.8 9.9 10.7 9.8 8.7 8.8 House price growth 5.3 (11.1) (12.5) (10.7) (7.6) (7.5) Commercial real estate price growth (11.0) (21.4) (9.8) (3.9) (0.8) (9.7) |
Disclosure of ECL sensitivity to economic assumptions | The table below shows the Group’s ECL for the upside, base case, downside and severe downside scenarios. The stage allocation for an asset is based on the overall scenario probability-weighted PD and, hence, the Stage 2 allocation is constant across all the scenarios. ECL applied through individual assessments and post-model adjustments is reported flat against each economic scenario, reflecting the basis on which they are evaluated. Judgements applied through changes to inputs are reflected in the scenario sensitivities. It therefore shows the extent to which a higher ECL allowance has been recognised to take account of multiple economic scenarios from the probability-weighted view relative to the base case. The uplift being £388 million compared to £506 million at 31 December 2020. Probability- Upside Base case Downside Severe At 30 June 2021 £m £m £m £m £m UK Mortgages 905 544 684 1,100 2,064 Other Retail 2,053 1,896 2,009 2,152 2,355 Commercial Banking 1,650 1,395 1,527 1,799 2,340 Other 450 448 450 450 454 ECL allowance 5,058 4,283 4,670 5,501 7,213 Probability- Upside Base case Downside Severe At 31 December 2020 £m £m £m £m £m UK Mortgages 1,027 614 804 1,237 2,306 Other Retail 2,368 2,181 2,310 2,487 2,745 Commercial Banking 2,402 1,910 2,177 2,681 3,718 Other 450 448 450 450 456 ECL allowance 6,247 5,153 5,741 6,855 9,225 The table below shows the impact on the Group’s ECL in respect of UK Mortgages resulting from a decrease/increase in loss given default for a 10 percentage point (pp) increase or decrease in the UK House Price Index (HPI). The increase/decrease is presented based on the adjustment phased evenly over the first ten quarters of the base case scenario. At 30 June 2021 At 31 December 2020 10pp increase 10pp decrease 10pp increase 10pp decrease ECL impact, £m (175) 254 (206) 284 The table below shows the impact on the Group’s ECL resulting from a 1 percentage point (pp) increase or decrease in the UK unemployment rate. The increase or decrease is presented based on the adjustment phased evenly over the first ten quarters of the base case scenario. An immediate increase or decrease would drive a more material ECL impact as it would be fully reflected in both 12 month and lifetime PDs. At 30 June 2021 At 31 December 2020 1pp increase in 1pp decrease in 1pp increase in 1pp decrease in £m £m £m £m UK Mortgages 33 (28) 25 (23) Other Retail 45 (45) 54 (54) Commercial Banking 87 (74) 125 (112) Other 1 (1) 1 (1) ECL impact 166 (148) 205 (190) Modelled Individually Judgements due to COVID-19 1 Other Total ECL £m £m £m £m £m At 30 June 2021 UK Mortgages 345 — 73 487 905 Other Retail 1,610 — 405 38 2,053 Commercial Banking 418 953 280 (1) 1,650 Other 50 — 400 — 450 Total 2,423 953 1,158 524 5,058 At 31 December 2020 UK Mortgages 481 — 36 510 1,027 Other Retail 2,060 — 321 (13) 2,368 Commercial Banking 1,051 1,222 131 (2) 2,402 Other 50 — 400 — 450 Total 3,642 1,222 888 495 6,247 1 Judgements due to the impact that COVID-19 and resulting interventions have had on the Group’s economic outlook and observed loss experience, which have required additional model limitations to be addressed. Except as noted below, the nature of the judgements are consistent with those applied by the Group in its 2020 Annual Report and Accounts. The 30 June 2021 allowance has been re-assessed based on latest economic outlook, data points and modelled result. Judgements due to COVID-19 At 30 June 2021 At 31 Dec 2020 £m £m UK Mortgages 73 36 Other Retail Recognition of impact of support measures 318 218 Incorporation of forward-looking LGDs 80 86 Other 7 17 405 321 Commercial Banking Adjustment to economic variables used as inputs to models 171 93 Key coronavirus-impacted sectors 100 — Other 9 38 280 131 Other 400 400 Total 1,158 888 Other judgements At 30 June 2021 At 31 Dec 2020 £m £m UK Mortgages Adjustment to modelled forecast parameters 140 193 End-of-term interest only 168 179 Long-term defaults 74 87 Other 105 51 487 510 Other Retail Lifetime extension on revolving products 71 81 Unsecured non-scored accounts (21) (72) Credit card LGD alignment (55) (55) Other 43 33 38 (13) Commercial Banking (1) (2) Total 524 495 |
Segmental analysis (Tables)
Segmental analysis (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Segmental analysis | |
Schedule of operating segments | Net interest income Other income, net of insurance claims Total income, net of insurance claims Profit before tax External income Inter-segment income (expense) Half-year to 30 June 2021 £m £m £m £m £m £m Underlying basis Retail 4,218 812 5,030 2,335 5,713 (683) Commercial Banking 1,153 677 1,830 1,388 1,693 137 Insurance and Wealth 36 660 696 89 685 11 Other 11 268 279 253 (256) 535 Group 5,418 2,417 7,835 4,065 7,835 — Reconciling items: Insurance grossing adjustment (938) 1,026 88 — Market volatility and asset sales (18) 279 261 239 Amortisation of purchased intangibles — — — (35) Restructuring costs — (8) (8) (255) Fair value unwind and other items (89) (8) (97) (109) Group – statutory 4,373 3,706 8,079 3,905 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 3: Segmental analysis (continued) Net interest income Other income, net of insurance claims Total income, net of insurance claims Profit (loss) before External income Inter-segment income (expense) Half-year to 30 June 2020 £m £m £m £m £m £m Underlying basis Retail 4,233 919 5,152 212 6,027 (875) Commercial Banking 1,222 658 1,880 (668) 1,633 247 Insurance and Wealth 14 853 867 379 857 10 Other 9 31 40 (204) (578) 618 Group 5,478 2,461 7,939 (281) 7,939 — Reconciling items: Insurance grossing adjustment 1,132 (1,018) 114 — Market volatility and asset sales 52 (75) (23) (43) Amortisation of purchased intangibles — — — (34) Restructuring costs — (37) (37) (133) Fair value unwind and other items (106) 8 (98) (111) Group – statutory 6,556 1,339 7,895 (602) Net interest income Other income, net of insurance claims Total income, net of insurance claims Profit (loss) before External income Inter-segment income (expense) Half-year to 31 December 2020 £m £m £m £m £m £m Underlying basis Retail 4,151 814 4,965 1,779 5,841 (876) Commercial Banking 1,135 634 1,769 764 1,613 156 Insurance and Wealth 35 397 432 (41) 366 66 Other (26) 209 183 (28) (471) 654 Group 5,295 2,054 7,349 2,474 7,349 — Reconciling items: Insurance grossing adjustment (982) 1,045 63 — Market volatility and asset sales (17) (38) (55) (16) Amortisation of purchased intangibles — — — (35) Restructuring costs — (17) (17) (388) Fair value unwind and other items (103) (6) (109) (122) Payment protection insurance — — — (85) Group – statutory 4,193 3,038 7,231 1,828 |
Schedule of reconciliation of underlying basis to statutory results | Segment external Segment customer Segment external At 30 June 2021 At 31 Dec 2020 At 30 June 2021 At 31 Dec 2020 At 30 June 2021 At 31 Dec 2020 £m £m £m £m £m £m Retail 369,274 358,766 309,838 290,206 314,829 295,229 Commercial Banking 133,243 142,042 149,229 145,596 186,214 189,302 Insurance and Wealth 192,625 183,348 14,818 14,072 199,756 190,771 Other 184,545 187,113 8,464 10,194 127,002 146,554 Total Group 879,687 871,269 482,349 460,068 827,801 821,856 |
Net fee and commission income (
Net fee and commission income (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Net fee and commission income | |
Schedule of fee and commission income | Half-year to 30 June 2021 Half-year Half-year £m £m £m Fee and commission income: Current accounts 312 307 308 Credit and debit card fees 384 350 398 Commercial banking and treasury fees 215 120 154 Unit trust and insurance broking 58 66 80 Factoring 38 42 34 Other fees and commissions 287 236 213 Total fee and commission income 1,294 1,121 1,187 Fee and commission expense (601) (558) (590) Net fee and commission income 693 563 597 |
Insurance claims (Tables)
Insurance claims (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Disclosure of claims and benefits paid [Abstract] | |
Schedule of Insurance Claims | Half-year to 30 June 2021 Half-year Half-year Insurance claims comprise: £m £m £m Life insurance and investment contracts Claims and surrenders (4,465) (3,647) (4,023) Change in insurance and participating investment contracts (4,395) 3,000 (7,590) Change in non-participating investment contracts (2,642) 1,574 (3,512) (11,502) 927 (15,125) Reinsurers' share 181 167 251 (11,321) 1,094 (14,874) Change in unallocated surplus (20) 85 (28) Total life insurance and investment contracts (11,341) 1,179 (14,902) Non-life insurance Total non-life insurance claims, net of reinsurance (148) (156) (162) Total insurance claims (11,489) 1,023 (15,064) |
Operating expenses (Tables)
Operating expenses (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Operating expenses | |
Schedule of operating expenses | Half-year to 30 June 2021 Half-year Half-year £m £m £m Salaries and social security costs 1,555 1,493 1,479 Pensions and other post-retirement benefit schemes (note 14) 284 272 294 Restructuring and other staff costs 117 129 168 1,956 1,894 1,941 Premises and equipment 130 237 230 Other expenses: IT, data processing and communications 584 474 539 UK bank levy — — 211 Operations, marketing and other 559 488 531 1,143 962 1,281 Depreciation and amortisation 1,243 1,398 1,334 Goodwill impairment — — 4 Regulatory provisions (note 15) 425 177 287 Total operating expenses 4,897 4,668 5,077 |
Impairment (Tables)
Impairment (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Impairments | |
Schedule of Impairment | Half-year to 30 June 2021 Half-year Half-year £m £m £m Impact of transfers between stages 145 1,263 206 Other changes in credit quality (506) 2,111 216 Additions (repayments) (366) 211 (14) Methodology and model changes 3 44 108 Other items 1 200 (190) (868) 2,566 120 Total impairment (credit) charge (723) 3,829 326 In respect of: Loans and advances to banks (3) 21 (16) Loans and advances to customers (622) 3,464 386 Debt securities — 1 — Financial assets held at amortised cost (625) 3,486 370 Other assets 2 13 (8) Impairment (credit) charge on drawn balances (623) 3,499 362 Loan commitments and financial guarantees (98) 324 (35) Financial assets at fair value through other comprehensive income (2) 6 (1) Total impairment (credit) charge (723) 3,829 326 |
Taxation (Tables)
Taxation (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Disclosure of income tax [Abstract] | |
Schedule of relationship between tax expense and accounting profit | An explanation of the relationship between tax expense and accounting profit is set out below: Half-year to 30 June 2021 Half-year Half-year £m £m £m Profit (loss) before tax 3,905 (602) 1,828 UK corporation tax thereon at 19 per cent (2020: 19 per cent) (742) 114 (347) Impact of surcharge on banking profits (229) 44 (151) Non-deductible costs: conduct charges (7) (11) (13) Non-deductible costs: bank levy — — (38) Other non-deductible costs (67) (40) (34) Non-taxable income 35 76 (17) Tax relief on coupons on other equity instruments 40 44 42 Tax-exempt gains on disposals 36 3 78 Tax losses where no deferred tax recognised (9) (1) (57) Remeasurement of deferred tax due to rate changes 970 354 (4) Differences in overseas tax rates (25) 13 2 Policyholder tax (36) (23) (23) Policyholder deferred tax asset in respect of life assurance expenses 4 — 49 Adjustments in respect of prior years (10) 48 56 Tax effect of share of results of joint ventures — — (3) Tax (expense) credit (40) 621 (460) |
Earnings per share (Tables)
Earnings per share (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Disclosure of earnings per share [Abstract] | |
Schedule of earning per share | Half-year to 30 June 2021 Half-year Half-year £m £m £m Profit (loss) attributable to ordinary shareholders – basic and diluted 3,611 (234) 1,099 Half-year to 30 June 2021 Half-year Half-year million million million Weighted-average number of ordinary shares in issue – basic 70,894 70,434 70,776 Adjustment for share options and awards 854 — 697 Weighted-average number of ordinary shares in issue – diluted 71,748 70,434 71,473 Basic earnings (loss) per share 5.1p (0.3p) 1.5p Diluted earnings (loss) per share 5.0p (0.3p) 1.5p |
Financial assets at fair valu_2
Financial assets at fair value through profit or loss (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Financial assets at fair value through profit or loss [abstract] | |
Summary of financial assets at fair value through profit or loss | At 30 June 2021 At 31 Dec 2020 £m £m Trading assets 17,772 20,825 Other financial assets at fair value through profit or loss: Treasury and other bills 18 18 Loans and advances to customers 10,354 11,244 Loans and advances to banks 3,656 4,238 Debt securities 39,021 38,852 Equity shares 106,768 96,449 159,817 150,801 Total financial assets at fair value through profit or loss 177,589 171,626 |
Derivative financial instrume_2
Derivative financial instruments (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Derivative financial instruments. | |
Schedule of derivative financial instruments | At 30 June 2021 At 31 December 2020 Fair value Fair value Fair value Fair value £m £m £m £m Hedging Derivatives designated as fair value hedges 123 284 478 256 Derivatives designated as cash flow hedges 59 131 338 428 182 415 816 684 Trading Exchange rate contracts 4,780 4,062 6,779 7,414 Interest rate contracts 16,700 12,653 21,644 18,564 Credit derivatives 101 206 108 174 Equity and other contracts 430 615 266 477 22,011 17,536 28,797 26,629 Total recognised derivative assets/liabilities 22,193 17,951 29,613 27,313 |
Financial assets at amortised_2
Financial assets at amortised cost (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Financial asset at amortised cost. | |
Schedule of financial assets at amortised cost | Half-year to 30 June 2021 Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m Loans and advances to banks At 1 January 2021 10,752 — — — 10,752 6 — — — 6 Exchange and other adjustments (139) — — — (139) — — — — — Additions (repayments) 201 — — — 201 2 — — — 2 Other changes in credit quality (5) — — — (5) Credit to the income statement (3) — — — (3) At 30 June 2021 10,814 — — — 10,814 3 — — — 3 Allowance for impairment losses (3) — — — (3) Net carrying amount 10,811 — — — 10,811 Loans and advances to customers At 1 January 2021 433,943 51,659 6,490 12,511 504,603 1,372 2,145 1,982 261 5,760 Exchange and other adjustments 1 (1,953) (24) (80) 51 (2,006) 1 (2) 97 67 163 Transfers to Stage 1 11,183 (11,175) (8) — 362 (360) (2) — Transfers to Stage 2 (10,922) 11,371 (449) — (66) 158 (92) — Transfers to Stage 3 (334) (1,229) 1,563 — (9) (175) 184 — Impact of transfers between stages (73) (1,033) 1,106 — (261) 257 164 160 26 (120) 254 160 Other changes in credit quality (143) (234) 31 (89) (435) Additions (repayments) 9,007 (4,568) (801) (663) 2,975 (65) (176) (73) (36) (350) Methodology and model changes (5) 8 — — 3 (Credit) charge to the income statement (187) (522) 212 (125) (622) Advances written off (603) (13) (616) (603) (13) (616) Recoveries of advances written off in previous years 72 — 72 72 — 72 Discount unwind (85) — (85) At 30 June 2021 440,924 46,034 6,184 11,886 505,028 1,186 1,621 1,675 190 4,672 Allowance for impairment losses (1,186) (1,621) (1,675) (190) (4,672) Net carrying amount 439,738 44,413 4,509 11,696 500,356 1 Exchange and other adjustments includes the impact of movements in exchange rates, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets (POCI). Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 12: Financial assets at amortised cost (continued) Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m Debt securities At 1 January 2021 5,406 — 2 — 5,408 1 — 2 — 3 Exchange and other adjustments (47) — — — (47) — — — — — Additions (repayments) (350) — — — (350) — — — — — Charge to the income statement — — — — — At 30 June 2021 5,009 — 2 — 5,011 1 — 2 — 3 Allowance for impairment losses (1) — (2) — (3) Net carrying amount 5,008 — — — 5,008 Total financial assets at 455,557 44,413 4,509 11,696 516,175 Year ended 31 December 2020 Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m Loans and advances to banks At 1 January 2020 9,777 — — — 9,777 2 — — — 2 Exchange and other adjustments 50 — — — 50 (1) — — — (1) Additions (repayments) 925 — — — 925 — — — — — Charge to the income statement 5 — — — 5 At 31 December 2020 10,752 — — — 10,752 6 — — — 6 Allowance for impairment losses (6) — — — (6) Net carrying amount 10,746 — — — 10,746 Loans and advances to customers At 1 January 2020 449,975 28,543 6,015 13,714 498,247 675 995 1,447 142 3,259 Exchange and other adjustments1 1,308 (59) (422) (8) 819 — (1) 54 21 74 Transfers to Stage 1 4,972 (4,956) (16) — 146 (143) (3) — Transfers to Stage 2 (28,855) 29,467 (612) — (218) 268 (50) — Transfers to Stage 3 (1,633) (2,031) 3,664 — (9) (156) 165 — Impact of transfers between stages (25,516) 22,480 3,036 — (85) 883 569 1,367 (166) 852 681 1,367 Other changes in credit quality 857 (16) 1,196 167 2,204 Additions (repayments) 8,176 695 (802) (1,156) 6,913 50 145 (38) (30) 127 Methodology and model changes (44) 170 26 — 152 Charge to the income statement 697 1,151 1,865 137 3,850 Advances written off (1,587) (39) (1,626) (1,587) (39) (1,626) Recoveries of advances written off in previous years 250 — 250 250 — 250 Discount unwind (47) — (47) At 31 December 2020 433,943 51,659 6,490 12,511 504,603 1,372 2,145 1,982 261 5,760 Allowance for impairment losses (1,372) (2,145) (1,982) (261) (5,760) Net carrying amount 432,571 49,514 4,508 12,250 498,843 1 Exchange and other adjustments includes the impact of movements in exchange rates, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets. Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 12: Financial assets at amortised cost (continued) Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m Debt securities At 1 January 2020 5,544 — 3 — 5,547 — — 3 — 3 Exchange and other adjustments (21) — — — (21) — — — — — Additions (repayments) (117) — — — (117) — — — — — Charge to the income statement 1 — — — 1 Financial assets that have been written off during the year (1) — (1) (1) — (1) At 31 December 2020 5,406 — 2 — 5,408 1 — 2 — 3 Allowance for impairment losses (1) — (2) — (3) Net carrying amount 5,405 — — — 5,405 Total financial assets at 448,722 49,514 4,508 12,250 514,994 |
Schedule of retail mortgages | Movements in UK retail mortgage balances were as follows: Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m UK retail mortgages At 1 January 2021 251,418 29,018 1,859 12,511 294,806 104 468 191 261 1,024 Exchange and other adjustments 1 — — — 51 51 — — — 67 67 Transfers to Stage 1 3,745 (3,742) (3) — 26 (26) — — Transfers to Stage 2 (6,554) 6,847 (293) — (7) 26 (19) — Transfers to Stage 3 (28) (666) 694 — — (29) 29 — Impact of transfers between stages (2,837) 2,439 398 — (20) 62 26 68 (1) 33 36 68 Other changes in credit quality 13 (65) (31) (89) (172) Additions (repayments) 13,960 (1,687) (322) (663) 11,288 8 (25) (20) (36) (73) Charge (credit) to the income statement 20 (57) (15) (125) (177) Advances written off (16) (13) (29) (16) (13) (29) Recoveries of advances written off in previous years 5 — 5 5 — 5 Discount unwind 10 — 10 At 30 June 2021 262,541 29,770 1,924 11,886 306,121 124 411 175 190 900 Allowance for impairment losses (124) (411) (175) (190) (900) Net carrying amount 262,417 29,359 1,749 11,696 305,221 1 Exchange and other adjustments includes the impact of movements in exchange rates, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets. Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. Movements in UK retail mortgage balances were as follows: Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m UK retail mortgages At 1 January 2020 257,043 16,935 1,506 13,714 289,198 23 281 122 142 568 Exchange and other adjustments 1 — — — (8) (8) — — — 21 21 Transfers to Stage 1 2,418 (2,414) (4) — 17 (17) — — Transfers to Stage 2 (16,463) 16,882 (419) — (4) 22 (18) — Transfers to Stage 3 (199) (974) 1,173 — — (35) 35 — Impact of transfers between stages (14,244) 13,494 750 — (15) 198 66 249 (2) 168 83 249 Other changes in credit quality 63 (26) (23) 167 181 Additions (repayments) 8,619 (1,411) (375) (1,156) 5,677 14 (15) (13) (30) (44) Methodology and model changes 6 60 24 — 90 Charge to the income statement 81 187 71 137 476 Advances written off (37) (39) (76) (37) (39) (76) Recoveries of advances written off in previous years 15 — 15 15 — 15 Discount unwind 20 — 20 At 31 December 2020 251,418 29,018 1,859 12,511 294,806 104 468 191 261 1,024 Allowance for impairment losses (104) (468) (191) (261) (1,024) Net carrying amount 251,314 28,550 1,668 12,250 293,782 1 Exchange and other adjustments includes the impact of movements in exchange rates, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets. Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. |
Schedule of undrawn balances | Movements in allowance for expected credit losses in respect of undrawn balances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m Undrawn balances At 1 January 2021 212 234 13 — 459 Exchange and other adjustments (2) — — — (2) Transfers to Stage 1 63 (63) — — Transfers to Stage 2 (10) 10 — — Transfers to Stage 3 — (4) 4 — Impact of transfers between stages (50) 35 — (15) 3 (22) 4 (15) Other items credited to the income statement (41) (33) (9) — (83) Credit to the income statement (38) (55) (5) — (98) At 30 June 2021 172 179 8 — 359 Movements in allowance for expected credit losses in respect of undrawn balances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m Undrawn balances At 1 January 2020 95 77 5 — 177 Exchange and other adjustments (6) (1) — — (7) Transfers to Stage 1 19 (19) — — Transfers to Stage 2 (11) 11 — — Transfers to Stage 3 (1) (6) 7 — Impact of transfers between stages (10) 102 10 102 (3) 88 17 102 Other items charged to the income statement 126 70 (9) — 187 Charge to the income statement 123 158 8 — 289 At 31 December 2020 212 234 13 — 459 |
Disclosure of impairment allowances | The Group's total impairment allowances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m In respect of: Loans and advances to banks 3 — — — 3 Loans and advances to customers: UK retail mortgages 124 411 175 190 900 Other 1,062 1,210 1,500 — 3,772 1,186 1,621 1,675 190 4,672 Debt securities 1 — 2 — 3 Financial assets at amortised cost 1,190 1,621 1,677 190 4,678 Other assets — — 21 — 21 Provisions in relation to loan commitments and financial guarantees 172 179 8 — 359 Total 1,362 1,800 1,706 190 5,058 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) 3 — — — 3 The Group's total impairment allowances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m In respect of: Loans and advances to banks 6 — — — 6 Loans and advances to customers: UK retail mortgages 104 468 191 261 1,024 Other 1,268 1,677 1,791 — 4,736 1,372 2,145 1,982 261 5,760 Debt securities 1 — 2 — 3 Financial assets at amortised cost 1,379 2,145 1,984 261 5,769 Other assets — — 19 — 19 Provisions in relation to loan commitments and financial guarantees 212 234 13 — 459 Total 1,591 2,379 2,016 261 6,247 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) 5 — — — 5 |
Debt securities in issue (Table
Debt securities in issue (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Debt securities in issue | |
Schedule of Debt Securities | At 30 June 2021 At 31 December 2020 At fair value through profit or loss At Total At fair value through profit or loss At amortised cost Total £m £m £m £m £m £m Medium-term notes issued 6,818 40,423 47,241 6,783 42,621 49,404 Covered bonds — 20,120 20,120 — 23,980 23,980 Certificates of deposit — 4,225 4,225 — 7,998 7,998 Securitisation notes 38 4,093 4,131 45 4,406 4,451 Commercial paper — 12,407 12,407 — 8,392 8,392 6,856 81,268 88,124 6,828 87,397 94,225 |
Retirement benefit obligations
Retirement benefit obligations (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Post-retirement defined benefit schemes | |
Schedule of Group's post-retirement defined benefit scheme obligations | The Group’s post-retirement defined benefit scheme obligations are comprised as follows: At 30 June 2021 At 31 Dec 2020 £m £m Defined benefit pension schemes: Fair value of scheme assets 49,299 51,127 Present value of funded obligations (46,297) (49,549) Net pension scheme asset 3,002 1,578 Other post-retirement schemes (102) (109) Net retirement benefit asset 2,900 1,469 Recognised on the balance sheet as: Retirement benefit assets 3,134 1,714 Retirement benefit obligations (234) (245) Net retirement benefit asset 2,900 1,469 |
Schedule of movement in the Group's net post-retirement defined benefit scheme asset during the period | Movements in the Group’s net post-retirement defined benefit scheme asset during the period were as follows: £m Asset at 1 January 2021 1,469 Income statement charge (122) Employer contributions 949 Remeasurement 604 Asset at 30 June 2021 2,900 |
Schedule of charge to income statement in respect of pensions and other post-retirement benefit schemes | The charge to the income statement in respect of pensions and other post-retirement benefit schemes is comprised as follows: Half-year to 30 June 2021 Half-year to 30 June 2020 Half-year to 31 Dec 2020 £m £m £m Defined benefit pension schemes 122 121 126 Defined contribution schemes 162 151 168 Total charge to the income statement 284 272 294 |
Schedule of principal assumptions used in the valuations of the defined benefit pension schemes | The principal assumptions used in the valuations of the defined benefit pension schemes were as follows: At 30 June 2021 At 31 Dec 2020 % % Discount rate 1.93 1.44 Rate of inflation: Retail Price Index 3.10 2.80 Consumer Price Index 2.70 2.41 Rate of salary increases 0.00 0.00 Weighted-average rate of increase for pensions in payment 2.81 2.61 |
Other provisions (Tables)
Other provisions (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Disclosure of other provisions [abstract] | |
Schedule of provisions and liabilities | Provisions Regulatory Other Total £m £m £m £m At 1 January 2021 459 642 814 1,915 Exchange and other adjustments (2) (4) (10) (16) Provisions applied — (398) (152) (550) Charge for the period (98) 425 82 409 At 30 June 2021 359 665 734 1,758 |
Contingent liabilities, commi_2
Contingent liabilities, commitments and guarantees (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Contingent liabilities, commitments and guarantees | |
Schedule of contingent liabilities, commitments and guarantees arising from the banking business | Contingent liabilities, commitments and guarantees arising from the banking business At 30 June 2021 At 31 Dec 2020 £m £m Contingent liabilities Acceptances and endorsements 157 131 Other: Other items serving as direct credit substitutes 513 317 Performance bonds, including letters of credit, and other transaction-related contingencies 1,994 2,105 2,507 2,422 Total contingent liabilities 2,664 2,553 Commitments and guarantees Documentary credits and other short-term trade-related transactions 1 1 Forward asset purchases and forward deposits placed 74 127 Undrawn formal standby facilities, credit lines and other commitments to lend: Less than 1 year original maturity: Mortgage offers made 16,740 20,179 Other commitments and guarantees 89,944 89,269 106,684 109,448 1 year or over original maturity 33,642 38,299 Total commitments and guarantees 140,401 147,875 |
Fair values of financial asse_2
Fair values of financial assets and liabilities (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Financial Instruments [Abstract] | |
Schedule of carrying values and fair values of financial assets and liabilities | The table below summarises the carrying values of financial assets and liabilities presented on the Group’s balance sheet. The fair values presented in the table are at a specific date and may be significantly different from the amounts which will actually be paid or received on the maturity or settlement date. At 30 June 2021 At 31 December 2020 Carrying Fair Carrying Fair £m £m £m £m Financial assets Loans and advances to banks 10,811 10,812 10,746 10,745 Loans and advances to customers 500,356 501,187 498,843 498,255 Debt securities 5,008 5,001 5,405 5,398 Financial assets at amortised cost 516,175 517,000 514,994 514,398 Financial liabilities Deposits from banks 20,655 20,656 31,465 31,468 Customer deposits 482,349 482,513 460,068 460,338 Debt securities in issue 81,268 85,363 87,397 93,152 Liabilities arising from non-participating investment contracts 42,031 42,031 38,452 38,452 Subordinated liabilities 13,527 15,628 14,261 16,410 |
Schedule of financial assets carried at fair value by valuation hierarchy | The following tables provide an analysis of the financial assets and liabilities of the Group that are carried at fair value in the Group’s consolidated balance sheet, grouped into levels 1 to 3 based on the degree to which the fair value is observable. There were no significant transfers between level 1 and level 2 during the period. Level 1 Level 2 Level 3 Total Financial assets £m £m £m £m At 30 June 2021 Financial assets at fair value through profit or loss: Loans and advances to customers — 12,676 9,844 22,520 Loans and advances to banks — 3,818 — 3,818 Debt securities 16,427 26,330 1,708 44,465 Treasury and other bills 18 — — 18 Equity shares 104,960 100 1,708 106,768 Financial assets at fair value through profit or loss 121,405 42,924 13,260 177,589 Assets arising from contracts held with reinsurers — 19,102 — 19,102 Total financial assets at fair value through profit or loss 121,405 62,026 13,260 196,691 Financial assets at fair value through other comprehensive income: Debt securities 12,609 13,205 167 25,981 Treasury and other bills 25 — — 25 Equity shares — — 207 207 Total financial assets at fair value through other comprehensive income 12,634 13,205 374 26,213 Derivative financial instruments 33 21,092 1,068 22,193 Total financial assets carried at fair value 134,072 96,323 14,702 245,097 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 17: Fair values of financial assets and liabilities (continued) Level 1 Level 2 Level 3 Total Financial assets £m £m £m £m At 31 December 2020 Financial assets at fair value through profit or loss: Loans and advances to customers — 12,508 11,501 24,009 Loans and advances to banks — 4,467 — 4,467 Debt securities 20,376 24,353 1,954 46,683 Treasury and other bills 18 — — 18 Equity shares 94,687 171 1,591 96,449 Financial assets at fair value through profit or loss 115,081 41,499 15,046 171,626 Assets arising from contracts held with reinsurers — 19,543 — 19,543 Total financial assets at fair value through profit or loss 115,081 61,042 15,046 191,169 Financial assets at fair value through other comprehensive income: Debt securities 14,784 12,437 180 27,401 Treasury and other bills 36 — — 36 Equity shares — — 166 166 Total financial assets at fair value through other comprehensive income 14,820 12,437 346 27,603 Derivative financial instruments 60 28,572 981 29,613 Total financial assets carried at fair value 129,961 102,051 16,373 248,385 |
Schedule of financial liabilities carried at fair value by valuation hierarchy | Level 1 Level 2 Level 3 Total Financial liabilities £m £m £m £m At 30 June 2021 Financial liabilities at fair value through profit or loss: Liabilities designated at fair value through profit or loss — 6,818 39 6,857 Trading liabilities 1,072 13,125 — 14,197 Total financial liabilities at fair value through profit or loss 1,072 19,943 39 21,054 Derivative financial instruments 56 16,626 1,269 17,951 Total financial liabilities carried at fair value 1,128 36,569 1,308 39,005 At 31 December 2020 Financial liabilities at fair value through profit or loss: Liabilities designated at fair value through profit or loss — 6,783 45 6,828 Trading liabilities 778 15,040 — 15,818 Total financial liabilities at fair value through profit or loss 778 21,823 45 22,646 Derivative financial instruments 56 25,883 1,374 27,313 Total financial liabilities carried at fair value 834 47,706 1,419 49,959 |
Schedule of movements in the level 3 financial assets portfolio | The tables below analyse movements in the level 3 financial assets portfolio. Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income Derivative assets Total financial assets carried at fair value £m £m £m £m At 1 January 2021 15,046 346 981 16,373 Exchange and other adjustments (16) (7) 3 (20) Losses recognised in the income statement within other income (135) — (154) (289) Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income — 43 — 43 Purchases/increases to customer loans 644 — 302 946 Sales/repayments of customer loans (1,520) (8) (64) (1,592) Transfers into the level 3 portfolio 19 — — 19 Transfers out of the level 3 portfolio (778) — — (778) At 30 June 2021 13,260 374 1,068 14,702 Losses recognised in the income statement, within other income, relating to the change in fair value of those assets held at 30 June 2021 (187) — (156) (343) At 1 January 2020 14,908 408 863 16,179 Exchange and other adjustments 106 11 19 136 Gains recognised in the income statement within other income 135 — 124 259 Losses recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income — (67) — (67) Purchases/increases to customer loans 851 — 2 853 Sales/repayments of customer loans (839) (7) (81) (927) Transfers into the level 3 portfolio 73 — 41 114 Transfers out of the level 3 portfolio (247) — (84) (331) At 30 June 2020 14,987 345 884 16,216 Gains recognised in the income statement, within other income, relating to the change in fair value of those assets held at 30 June 2020 141 — 132 273 |
Schedule of movements in the level 3 financial liabilities portfolio | The tables below analyse movements in the level 3 financial liabilities portfolio. Financial liabilities at Derivative liabilities Total £m £m £m At 1 January 2021 45 1,374 1,419 Exchange and other adjustments — 3 3 Gains recognised in the income statement within other income (2) (247) (249) Additions 1 201 202 Redemptions (5) (19) (24) Transfers into the level 3 portfolio — — — Transfers out of the level 3 portfolio — (43) (43) At 30 June 2021 39 1,269 1,308 Gains recognised in the income statement, within other income, relating to the change in fair value of those liabilities held at 30 June 2021 (2) (244) (246) At 1 January 2020 48 1,367 1,415 Exchange and other adjustments — 20 20 Losses recognised in the income statement within other income 1 194 195 Additions — 2 2 Redemptions (2) (8) (10) Transfers into the level 3 portfolio — 51 51 Transfers out of the level 3 portfolio — (159) (159) At 30 June 2020 47 1,467 1,514 Losses recognised in the income statement, within other income, relating to the change in fair value of those liabilities held at 30 June 2020 — 195 195 |
Schedule of effects of reasonably possible alternative assumptions for categories of level 3 financial assets and financial liabilities | The tables below set out the effects of reasonably possible alternative assumptions for categories of level 3 financial assets and financial liabilities which have an aggregated carrying value greater than £500 million. At 30 June 2021 Effect of reasonably possible alternative assumptions 2 Valuation techniques Significant unobservable inputs 1 Carrying value Favourable changes Unfavourable £m £m £m Financial assets at fair value through profit or loss Loans and advances to customers Discounted cash flows Interest rate spreads (-50bps/+191bps) 9,844 514 (498) Equity and venture capital investments Market approach Earnings multiple (0.3/14.4) 1,682 143 (143) Equity and venture capital investments Underlying asset/net asset value (incl. property prices) 3 n/a 795 111 (123) Unlisted equities, debt securities and property partnerships in the life funds Underlying asset/net asset value (incl. property prices) 3 n/a 743 7 (21) Other 196 9 (9) 13,260 Financial assets at fair value through other comprehensive income 374 Derivative financial assets Interest rate derivatives Option pricing model Interest rate volatility (8%/124%) 1,068 6 (14) 1,068 Level 3 financial assets carried at fair value 14,702 Financial liabilities at fair value through profit or loss 39 Derivative financial liabilities Interest rate derivatives Option pricing model Interest rate volatility (8%/124%) 1,269 — — 1,269 Level 3 financial liabilities carried at fair value 1,308 1 Ranges are shown where appropriate and represent the highest and lowest inputs used in the level 3 valuations. 2 Where the exposure to an unobservable input is managed on a net basis, only the net impact is shown in the table. 3 Underlying asset/net asset values represent fair value. At 31 December 2020 Effect of reasonably possible alternative assumptions 2 Valuation Significant unobservable inputs 1 Carrying value Favourable changes Unfavourable changes £m £m £m Financial assets at fair value through profit or loss Loans and advances to customers Discounted cash flows Interest rate spreads (-50bps/+215bps) 11,501 528 (651) Equity and venture capital investments Market approach Earnings multiple (1.0/15.2) 1,905 72 (72) Equity and venture capital investments Underlying asset/net asset value (incl. property prices) 3 n/a 634 91 (121) Unlisted equities, debt securities and property partnerships in the life funds Underlying asset/net asset value (incl. property prices) 3 n/a 780 6 (34) Other 226 10 (10) 15,046 Financial assets at fair value through other comprehensive income 346 Derivative financial assets Interest rate derivatives Option pricing model Interest rate volatility (13%/128%) 981 8 (6) 981 Level 3 financial assets carried at fair value 16,373 Financial liabilities at fair value through profit or loss 45 Derivative financial liabilities Interest rate derivatives Option pricing model Interest rate volatility (13%/128%) 1,374 — — 1,374 Level 3 financial liabilities carried at fair value 1,419 1 Ranges are shown where appropriate and represent the highest and lowest inputs used in the level 3 valuations. 2 Where the exposure to an unobservable input is managed on a net basis, only the net impact is shown in the table. 3 Underlying asset/net asset values represent fair value. |
Credit quality of loans and a_2
Credit quality of loans and advances to banks and customers (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Credit quality of loans and advances to banks and customers | |
Schedule of credit quality of loans and advances to banks and customers | Gross drawn exposures and expected credit loss allowances Drawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 30 June 2021 Loans and advances to banks: CMS 1-10 10,804 — — — 10,804 3 — — — 3 CMS 11-14 10 — — — 10 — — — — — CMS 15-18 — — — — — — — — — — CMS 19 — — — — — — — — — — CMS 20-23 — — — — — — — — — — 10,814 — — — 10,814 3 — — — 3 Loans and advances to customers: Retail - UK Mortgages RMS 1-6 262,472 22,374 — — 284,846 123 234 — — 357 RMS 7-9 69 4,022 — — 4,091 1 59 — — 60 RMS 10 — 918 — — 918 — 23 — — 23 RMS 11-13 — 2,456 — — 2,456 — 95 — — 95 RMS 14 — — 1,924 11,886 13,810 — — 175 190 365 262,541 29,770 1,924 11,886 306,121 124 411 175 190 900 Retail - credit cards RMS 1-6 9,032 1,124 — — 10,156 61 46 — — 107 RMS 7-9 1,720 1,028 — — 2,748 60 115 — — 175 RMS 10 150 317 — — 467 6 60 — — 66 RMS 11-13 54 467 — — 521 — 169 — — 169 RMS 14 — — 323 — 323 — — 140 — 140 10,956 2,936 323 — 14,215 127 390 140 — 657 Retail - loans and overdrafts RMS 1-6 5,991 398 — — 6,389 73 19 — — 92 RMS 7-9 1,707 519 — — 2,226 74 60 — — 134 RMS 10 63 143 — — 206 6 29 — — 35 RMS 11-13 21 353 — — 374 3 134 — — 137 RMS 14 — — 312 — 312 — — 151 — 151 7,782 1,413 312 — 9,507 156 242 151 — 549 Retail - UK Motor Finance RMS 1-6 11,638 1,464 — — 13,102 142 36 — — 178 RMS 7-9 687 490 — — 1,177 7 29 — — 36 RMS 10 — 134 — — 134 — 19 — — 19 RMS 11-13 22 184 — — 206 — 45 — — 45 RMS 14 — — 233 — 233 — — 152 — 152 12,347 2,272 233 — 14,852 149 129 152 — 430 Retail - other RMS 1-6 15,661 485 — — 16,146 25 15 — — 40 RMS 7-9 1,982 357 — — 2,339 6 43 — — 49 RMS 10 — 5 — — 5 — — — — — RMS 11-13 431 356 — — 787 — 29 — — 29 RMS 14 — — 244 — 244 — — 54 — 54 18,074 1,203 244 — 19,521 31 87 54 — 172 Total Retail 311,700 37,594 3,036 11,886 364,216 587 1,259 672 190 2,708 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 18: Credit quality of loans and advances to banks and customers (continued) Gross drawn exposures and expected credit loss allowances (continued) Drawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 30 June 2021 Commercial Banking CMS 1-10 38,828 133 — — 38,961 28 2 — — 30 CMS 11-14 32,404 3,461 — — 35,865 118 51 — — 169 CMS 15-18 3,012 4,203 — — 7,215 44 237 — — 281 CMS 19 — 607 — — 607 — 71 — — 71 CMS 20-23 — — 3,078 — 3,078 — — 987 — 987 74,244 8,404 3,078 — 85,726 190 361 987 — 1,538 Other RMS 1-6 877 36 — — 913 9 1 — — 10 RMS 7-9 — — — — — — — — — — RMS 10 — — — — — — — — — — RMS 11-13 — — — — — — — — — — RMS 14 — — 70 — 70 — — 16 — 16 877 36 70 — 983 9 1 16 — 26 CMS 1-10 54,098 — — — 54,098 — — — — — CMS 11-14 3 — — — 3 — — — — — CMS 15-18 — — — — — — — — — — CMS 19 2 — — — 2 — — — — — CMS 20-23 — — — — — — — — — — 54,103 — — — 54,103 — — — — — Central overlay — — — — — 400 — — — 400 Total loans and advances to customers 440,924 46,034 6,184 11,886 505,028 1,186 1,621 1,675 190 4,672 In respect of: Retail 311,700 37,594 3,036 11,886 364,216 587 1,259 672 190 2,708 Commercial Banking 74,244 8,404 3,078 — 85,726 190 361 987 — 1,538 Other 1 54,980 36 70 — 55,086 409 1 16 — 426 Total loans and advances to customers 440,924 46,034 6,184 11,886 505,028 1,186 1,621 1,675 190 4,672 1 Principally comprises reverse repurchase agreement balances. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 18: Credit quality of loans and advances to banks and customers (continued) Gross drawn exposures and expected credit loss allowances Drawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2020 Loans and advances to banks: CMS 1-10 10,670 — — — 10,670 6 — — — 6 CMS 11-14 82 — — — 82 — — — — — CMS 15-18 — — — — — — — — — — CMS 19 — — — — — — — — — — CMS 20-23 — — — — — — — — — — 10,752 — — — 10,752 6 — — — 6 Loans and advances to customers: Retail - UK Mortgages RMS 1-6 251,372 21,010 — — 272,382 103 247 — — 350 RMS 7-9 46 4,030 — — 4,076 1 66 — — 67 RMS 10 — 907 — — 907 — 25 — — 25 RMS 11-13 — 3,071 — — 3,071 — 130 — — 130 RMS 14 — — 1,859 12,511 14,370 — — 191 261 452 251,418 29,018 1,859 12,511 294,806 104 468 191 261 1,024 Retail - credit cards RMS 1-6 9,619 1,284 — — 10,903 75 57 — — 132 RMS 7-9 1,603 1,137 — — 2,740 66 138 — — 204 RMS 10 274 343 — — 617 14 70 — — 84 RMS 11-13 — 509 — — 509 — 193 — — 193 RMS 14 — — 340 — 340 — — 153 — 153 11,496 3,273 340 — 15,109 155 458 153 — 766 Retail - loans and overdrafts RMS 1-6 5,559 291 — — 5,850 80 15 — — 95 RMS 7-9 1,990 580 — — 2,570 99 66 — — 165 RMS 10 116 181 — — 297 13 36 — — 49 RMS 11-13 45 467 — — 512 9 178 — — 187 RMS 14 — — 307 — 307 — — 147 — 147 7,710 1,519 307 — 9,536 201 295 147 — 643 Retail - UK Motor Finance RMS 1-6 12,035 1,396 — — 13,431 187 46 — — 233 RMS 7-9 738 456 — — 1,194 7 33 — — 40 RMS 10 — 171 — — 171 — 30 — — 30 RMS 11-13 13 193 — — 206 — 62 — — 62 RMS 14 — — 199 — 199 — — 133 — 133 12,786 2,216 199 — 15,201 194 171 133 — 498 Retail - other RMS 1-6 14,952 482 — — 15,434 19 19 — — 38 RMS 7-9 2,418 334 — — 2,752 11 39 — — 50 RMS 10 — 21 — — 21 — 1 — — 1 RMS 11-13 509 467 — — 976 — 40 — — 40 RMS 14 — — 184 — 184 — — 59 — 59 17,879 1,304 184 — 19,367 30 99 59 — 188 Total Retail 301,289 37,330 2,889 12,511 354,019 684 1,491 683 261 3,119 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 18: Credit quality of loans and advances to banks and customers (continued) Gross drawn exposures and expected credit loss allowances (continued) Drawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2020 Commercial Banking CMS 1-10 35,072 191 — — 35,263 42 2 — — 44 CMS 11-14 30,821 6,971 — — 37,792 141 109 — — 250 CMS 15-18 4,665 6,469 — — 11,134 96 398 — — 494 CMS 19 — 685 — — 685 — 144 — — 144 CMS 20-23 — — 3,524 — 3,524 — — 1,282 — 1,282 70,558 14,316 3,524 — 88,398 279 653 1,282 — 2,214 Other RMS 1-6 871 13 — — 884 9 1 — — 10 RMS 7-9 — — — — — — — — — — RMS 10 — — — — — — — — — — RMS 11-13 — — — — — — — — — — RMS 14 — — 67 — 67 — — 17 — 17 871 13 67 — 951 9 1 17 — 27 CMS 1-10 60,985 — — — 60,985 — — — — — CMS 11-14 238 — — — 238 — — — — — CMS 15-18 — — — — — — — — — — CMS 19 2 — — — 2 — — — — — CMS 20-23 — — 10 — 10 — — — — — 61,225 — 10 — 61,235 — — — — — Central overlay — — — — — 400 — — — 400 Total loans and advances to customers 433,943 51,659 6,490 12,511 504,603 1,372 2,145 1,982 261 5,760 In respect of: Retail 301,289 37,330 2,889 12,511 354,019 684 1,491 683 261 3,119 Commercial Banking 70,558 14,316 3,524 — 88,398 279 653 1,282 — 2,214 Other 1 62,096 13 77 — 62,186 409 1 17 — 427 Total loans and advances to customers 433,943 51,659 6,490 12,511 504,603 1,372 2,145 1,982 261 5,760 1 Principally comprises reverse repurchase agreement balances. |
Dividends on ordinary shares (T
Dividends on ordinary shares (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Statement of changes in equity [abstract] | |
Schedule of dividends on ordinary shares | Shareholders who have already joined the dividend reinvestment plan will automatically receive shares instead of the cash dividend. Key dates for the payment of the recommended dividend are: Shares quoted ex-dividend 5 August 2021 Record date 6 August 2021 Final date for joining or leaving the dividend reinvestment plan 20 August 2021 Dividend paid 13 September 2021 |
Critical accounting judgement_3
Critical accounting judgements and estimates - Narrative (Details) - GBP (£) £ in Millions | 6 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Dec. 31, 2020 | |
Disclosure of changes in accounting estimates [line items] | ||
Allowance account for credit losses of financial assets | £ 5,058 | £ 6,247 |
Upside | ||
Disclosure of changes in accounting estimates [line items] | ||
Weightage | 30.00% | 30.00% |
Downside | ||
Disclosure of changes in accounting estimates [line items] | ||
Weightage | 30.00% | 30.00% |
Base case | ||
Disclosure of changes in accounting estimates [line items] | ||
Weightage | 30.00% | 30.00% |
Severe downside | ||
Disclosure of changes in accounting estimates [line items] | ||
Weightage | 10.00% | 10.00% |
Probability weighted relative to base case | ||
Disclosure of changes in accounting estimates [line items] | ||
Increase in credit loss | £ 388 | £ 506 |
Management adjustments | ||
Disclosure of changes in accounting estimates [line items] | ||
Increase in credit loss | 1,682 | 1,383 |
Impairment (credit) charge on drawn balances | ||
Disclosure of changes in accounting estimates [line items] | ||
Allowance account for credit losses of financial assets | £ 4,699 | £ 5,788 |
Critical accounting judgement_4
Critical accounting judgements and estimates - Disclosure of Generation of Multiple Economic Assumptions by Quarter and Year (Details) | Jun. 30, 2021 | Dec. 31, 2020 |
Upside | ||
Five year average [Abstract] | ||
Gross domestic product | 3.10% | 0.30% |
UK Bank Rate | 1.16% | 0.98% |
Unemployment rate | 4.50% | 5.00% |
House price growth | 4.40% | 4.20% |
Commercial real estate price growth | 3.40% | 2.10% |
Base case | ||
Five year average [Abstract] | ||
Gross domestic product | 3.00% | 0.10% |
UK Bank Rate | 0.34% | 0.15% |
Unemployment rate | 5.40% | 5.90% |
House price growth | 1.50% | 1.10% |
Commercial real estate price growth | 0.60% | (1.10%) |
Downside | ||
Five year average [Abstract] | ||
Gross domestic product | 2.60% | (0.40%) |
UK Bank Rate | 0.10% | 0.05% |
Unemployment rate | 6.70% | 7.10% |
House price growth | (3.50%) | (3.50%) |
Commercial real estate price growth | (3.00%) | (4.90%) |
Severe downside | ||
Five year average [Abstract] | ||
Gross domestic product | 2.30% | (0.80%) |
UK Bank Rate | 0.02% | 0.02% |
Unemployment rate | 8.40% | 8.80% |
House price growth | (7.50%) | (7.50%) |
Commercial real estate price growth | (7.30%) | (9.70%) |
First quarter 2021 | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | (1.50%) | (3.00%) |
UK Bank Rate | 0.10% | 0.10% |
Unemployment rate | 4.80% | 4.00% |
House price growth | 6.50% | 2.80% |
Commercial real estate price growth | (2.90%) | (5.00%) |
Second quarter 2021 | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 4.30% | (18.80%) |
UK Bank Rate | 0.10% | 0.10% |
Unemployment rate | 5.00% | 4.10% |
House price growth | 10.50% | 2.60% |
Commercial real estate price growth | 1.30% | (7.80%) |
Third quarter 2021 | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | (0.30%) | 16.00% |
UK Bank Rate | 0.10% | 0.10% |
Unemployment rate | 5.40% | 4.80% |
House price growth | 6.80% | 7.20% |
Commercial real estate price growth | 1.50% | (7.80%) |
Fourth quarter 2021 | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 3.20% | (1.90%) |
UK Bank Rate | 0.10% | 0.10% |
Unemployment rate | 6.60% | 5.00% |
House price growth | 5.60% | 5.90% |
Commercial real estate price growth | 0.40% | (7.00%) |
First quarter 2022 | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 1.50% | (3.80%) |
UK Bank Rate | 0.10% | 0.10% |
Unemployment rate | 6.40% | 5.20% |
House price growth | 5.00% | 5.50% |
Commercial real estate price growth | (0.30%) | (6.10%) |
Second quarter 2022 | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 0.50% | 5.60% |
UK Bank Rate | 0.10% | 0.10% |
Unemployment rate | 6.20% | 6.50% |
House price growth | 1.70% | 4.70% |
Commercial real estate price growth | (0.50%) | (2.90%) |
Third quarter 2022 | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 0.40% | 3.60% |
UK Bank Rate | 0.10% | 0.10% |
Unemployment rate | 6.10% | 8.00% |
House price growth | 0.30% | (1.60%) |
Commercial real estate price growth | 0.40% | (2.20%) |
Fourth quarter 2022 | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 0.40% | 1.50% |
UK Bank Rate | 0.10% | 0.10% |
Unemployment rate | 5.90% | 7.50% |
House price growth | 0.10% | (3.80%) |
Commercial real estate price growth | 1.00% | (1.70%) |
2020 | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | (10.50%) | |
UK Bank Rate | 0.10% | |
Unemployment rate | 4.50% | |
House price growth | 5.90% | |
Commercial real estate price growth | (7.00%) | |
2020 | Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | (10.50%) | |
UK Bank Rate | 0.10% | |
Unemployment rate | 4.30% | |
House price growth | 6.30% | |
Commercial real estate price growth | (4.60%) | |
2020 | Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | (10.60%) | |
UK Bank Rate | 0.10% | |
Unemployment rate | 4.60% | |
House price growth | 5.60% | |
Commercial real estate price growth | (8.70%) | |
2020 | Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | (10.80%) | |
UK Bank Rate | 0.10% | |
Unemployment rate | 4.80% | |
House price growth | 5.30% | |
Commercial real estate price growth | (11.00%) | |
2021 | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 5.50% | 3.00% |
UK Bank Rate | 0.10% | 0.10% |
Unemployment rate | 5.40% | 6.80% |
House price growth | 5.60% | (3.80%) |
Commercial real estate price growth | 0.40% | (1.70%) |
2021 | Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 6.10% | 3.70% |
UK Bank Rate | 0.52% | 1.14% |
Unemployment rate | 4.70% | 5.40% |
House price growth | 6.80% | (1.40%) |
Commercial real estate price growth | 9.20% | 9.30% |
2021 | Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 4.80% | 1.70% |
UK Bank Rate | 0.09% | 0.06% |
Unemployment rate | 6.00% | 7.90% |
House price growth | 3.50% | (8.40%) |
Commercial real estate price growth | (5.30%) | (10.60%) |
2021 | Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 4.10% | 0.30% |
UK Bank Rate | 0.06% | 0.00% |
Unemployment rate | 7.00% | 9.90% |
House price growth | 2.40% | (11.10%) |
Commercial real estate price growth | (13.50%) | (21.40%) |
2022 | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 5.50% | 6.00% |
UK Bank Rate | 0.10% | 0.10% |
Unemployment rate | 6.10% | 6.80% |
House price growth | 0.10% | 0.50% |
Commercial real estate price growth | 1.00% | 1.60% |
2022 | Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 5.50% | 5.70% |
UK Bank Rate | 1.27% | 1.27% |
Unemployment rate | 4.90% | 5.40% |
House price growth | 3.40% | 5.20% |
Commercial real estate price growth | 5.70% | 3.90% |
2022 | Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 4.20% | 5.10% |
UK Bank Rate | 0.05% | 0.02% |
Unemployment rate | 7.80% | 8.40% |
House price growth | (6.20%) | (6.50%) |
Commercial real estate price growth | (5.30%) | (3.20%) |
2022 | Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 3.50% | 4.80% |
UK Bank Rate | 0.00% | 0.00% |
Unemployment rate | 9.90% | 10.70% |
House price growth | (11.00%) | (12.50%) |
Commercial real estate price growth | (13.50%) | (9.80%) |
2023 | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 1.60% | 1.70% |
UK Bank Rate | 0.25% | 0.21% |
Unemployment rate | 5.40% | 6.10% |
House price growth | 0.10% | 1.50% |
Commercial real estate price growth | 0.60% | 1.10% |
2023 | Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 1.40% | 1.70% |
UK Bank Rate | 1.09% | 1.20% |
Unemployment rate | 4.40% | 5.00% |
House price growth | 4.60% | 6.00% |
Commercial real estate price growth | 2.40% | 2.10% |
2023 | Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 1.30% | 1.40% |
UK Bank Rate | 0.06% | 0.02% |
Unemployment rate | 7.10% | 7.80% |
House price growth | (7.50%) | (4.70%) |
Commercial real estate price growth | (2.80%) | (0.80%) |
2023 | Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 1.10% | 1.30% |
UK Bank Rate | 0.01% | 0.01% |
Unemployment rate | 9.10% | 9.80% |
House price growth | (13.20%) | (10.70%) |
Commercial real estate price growth | (6.90%) | (3.90%) |
2024 | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 1.40% | 1.40% |
UK Bank Rate | 0.50% | 0.25% |
Unemployment rate | 5.00% | 5.50% |
House price growth | 0.60% | 1.50% |
Commercial real estate price growth | 0.30% | 0.60% |
2024 | Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 1.40% | 1.50% |
UK Bank Rate | 1.32% | 1.21% |
Unemployment rate | 4.20% | 4.50% |
House price growth | 3.90% | 5.00% |
Commercial real estate price growth | 0.30% | 0.30% |
2024 | Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 1.40% | 1.40% |
UK Bank Rate | 0.11% | 0.03% |
Unemployment rate | 6.50% | 7.00% |
House price growth | (4.90%) | (3.00%) |
Commercial real estate price growth | (1.50%) | (0.80%) |
2024 | Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 1.40% | 1.20% |
UK Bank Rate | 0.02% | 0.01% |
Unemployment rate | 8.30% | 8.70% |
House price growth | (9.60%) | (7.60%) |
Commercial real estate price growth | (2.30%) | (0.80%) |
2025 | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 1.20% | |
UK Bank Rate | 0.75% | |
Unemployment rate | 4.80% | |
House price growth | 1.10% | |
Commercial real estate price growth | 0.50% | |
2025 | Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 1.20% | |
UK Bank Rate | 1.58% | |
Unemployment rate | 4.10% | |
House price growth | 3.40% | |
Commercial real estate price growth | (0.30%) | |
2025 | Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 1.40% | |
UK Bank Rate | 0.20% | |
Unemployment rate | 6.00% | |
House price growth | (1.80%) | |
Commercial real estate price growth | 0.20% | |
2025 | Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Gross domestic product | 1.40% | |
UK Bank Rate | 0.03% | |
Unemployment rate | 7.60% | |
House price growth | (5.10%) | |
Commercial real estate price growth | 0.50% |
Critical accounting judgement_5
Critical accounting judgements and estimates - Schedule of ECL Sensitivity to Economic Assumptions (Details) - GBP (£) £ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Probability- weighted | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | £ 5,058 | £ 6,247 |
Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 4,283 | 5,153 |
Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 4,670 | 5,741 |
Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 5,501 | 6,855 |
Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 7,213 | 9,225 |
UK Mortgages | Probability- weighted | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 905 | 1,027 |
UK Mortgages | Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 544 | 614 |
UK Mortgages | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 684 | 804 |
UK Mortgages | Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 1,100 | 1,237 |
UK Mortgages | Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 2,064 | 2,306 |
Other Retail | Probability- weighted | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 2,053 | 2,368 |
Other Retail | Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 1,896 | 2,181 |
Other Retail | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 2,009 | 2,310 |
Other Retail | Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 2,152 | 2,487 |
Other Retail | Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 2,355 | 2,745 |
Commercial Banking | Probability- weighted | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 1,650 | 2,402 |
Commercial Banking | Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 1,395 | 1,910 |
Commercial Banking | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 1,527 | 2,177 |
Commercial Banking | Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 1,799 | 2,681 |
Commercial Banking | Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 2,340 | 3,718 |
Other | Probability- weighted | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 450 | 450 |
Other | Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 448 | 448 |
Other | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 450 | 450 |
Other | Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | 450 | 450 |
Other | Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Impact of economic scenario | £ 454 | £ 456 |
Critical accounting judgement_6
Critical accounting judgements and estimates - Disclosure of Expected Credit Loss (Details) - GBP (£) £ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
1pp increase in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
ECL impact, £m | £ 166 | £ 205 |
1pp decrease in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
ECL impact, £m | (148) | (190) |
UK Mortgages | 1pp increase in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
ECL impact, £m | 33 | 25 |
UK Mortgages | 1pp decrease in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
ECL impact, £m | (28) | (23) |
Other Retail | 1pp increase in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
ECL impact, £m | 45 | 54 |
Other Retail | 1pp decrease in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
ECL impact, £m | (45) | (54) |
Commercial Banking | 1pp increase in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
ECL impact, £m | 87 | 125 |
Commercial Banking | 1pp decrease in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
ECL impact, £m | (74) | (112) |
Other | 1pp increase in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
ECL impact, £m | 1 | 1 |
Other | 1pp decrease in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
ECL impact, £m | (1) | (1) |
10pp increase in HPI | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
ECL impact, £m | (175) | (206) |
10pp decrease in HPI | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
ECL impact, £m | £ 254 | £ 284 |
Critical accounting judgement_7
Critical accounting judgements and estimates - Disclosure of Application of Judgement in Adjustments to Modelled ECL (Details) - GBP (£) £ in Millions | 6 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Dec. 31, 2020 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | £ 5,058 | £ 6,247 |
Judgements due to COVID-19 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 1,158 | 888 |
Other judgements | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 524 | 495 |
Modelled ECL | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 2,423 | 3,642 |
Individually assessed | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 953 | 1,222 |
Judgements due to COVID-19 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 1,158 | 888 |
Other judgements | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 524 | 495 |
UK Mortgages | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 905 | 1,027 |
UK Mortgages | Judgements due to COVID-19 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 73 | 36 |
UK Mortgages | Modelled ECL | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 345 | 481 |
UK Mortgages | Individually assessed | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
UK Mortgages | Other judgements | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 487 | 510 |
UK Mortgages | Other judgements | Other judgements | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 487 | 510 |
UK Mortgages | Other | Other judgements | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Increase in credit loss | 105 | 51 |
UK Mortgages | Adjustment to modelled forecast parameters | Other judgements | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Increase in credit loss | 140 | 193 |
UK Mortgages | End-of-term interest only | Other judgements | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Increase in credit loss | 168 | 179 |
UK Mortgages | Long-term defaults | Other judgements | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Increase in credit loss | 74 | 87 |
Other Retail | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 2,053 | 2,368 |
Other Retail | Judgements due to COVID-19 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 405 | 321 |
Other Retail | Modelled ECL | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 1,610 | 2,060 |
Other Retail | Individually assessed | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Other Retail | Other judgements | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 38 | (13) |
Other Retail | Other judgements | Other judgements | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 38 | (13) |
Other Retail | Recognition of impact of support measures | Judgements due to COVID-19 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Increase in credit loss | 318 | 218 |
Other Retail | Incorporation of forward-looking LGDs | Judgements due to COVID-19 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Increase in credit loss | 80 | 86 |
Other Retail | Other | Judgements due to COVID-19 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Increase in credit loss | 7 | 17 |
Other Retail | Other | Other judgements | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Increase in credit loss | 43 | 33 |
Other Retail | Lifetime extension on revolving products | Other judgements | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Increase in credit loss | 71 | 81 |
Other Retail | Unsecured non-scored accounts | Other judgements | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Increase in credit loss | (21) | (72) |
Other Retail | Credit card LGD alignment | Other judgements | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Increase in credit loss | (55) | (55) |
Commercial Banking | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 1,650 | 2,402 |
Commercial Banking | Judgements due to COVID-19 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 280 | 131 |
Commercial Banking | Other judgements | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | (1) | (2) |
Commercial Banking | Modelled ECL | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 418 | 1,051 |
Commercial Banking | Individually assessed | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 953 | 1,222 |
Commercial Banking | Other judgements | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | (1) | (2) |
Commercial Banking | Other | Judgements due to COVID-19 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Increase in credit loss | 9 | 38 |
Commercial Banking | Adjustment to economic variables used as inputs to models | Judgements due to COVID-19 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Increase in credit loss | 171 | 93 |
Commercial Banking | Key coronavirus-impacted sectors | Judgements due to COVID-19 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Increase in credit loss | 100 | 0 |
Other | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 450 | 450 |
Other | Modelled ECL | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 50 | 50 |
Other | Individually assessed | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Other | Other judgements | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Other | Other | Judgements due to COVID-19 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) [Line Items] | ||
Allowance account for credit losses of financial assets | £ 400 | £ 400 |
Segmental analysis - Schedule o
Segmental analysis - Schedule of Operating Segments (Details) £ in Millions | 6 Months Ended | ||
Jun. 30, 2021GBP (£)segement | Dec. 31, 2020GBP (£) | Jun. 30, 2020GBP (£) | |
Segmental analysis | |||
Number of reporting segments | segement | 3 | ||
Net interest income | £ 4,373 | £ 4,193 | £ 6,556 |
Other income, net of insurance claims | 3,706 | 3,038 | 1,339 |
Total income, net of insurance claims | 8,079 | 7,231 | 7,895 |
Profit (loss) before tax | 3,905 | 1,828 | (602) |
External income | 7,835 | 7,349 | 7,939 |
Segment external assets | 879,687 | 871,269 | |
Segment customer deposits | 482,349 | 460,068 | |
Segment external liabilities | 827,801 | 821,856 | |
Retail | |||
Segmental analysis | |||
External income | 5,713 | 5,841 | 6,027 |
Segment external assets | 369,274 | 358,766 | |
Segment customer deposits | 309,838 | 290,206 | |
Segment external liabilities | 314,829 | 295,229 | |
Commercial Banking | |||
Segmental analysis | |||
External income | 1,693 | 1,613 | 1,633 |
Segment external assets | 133,243 | 142,042 | |
Segment customer deposits | 149,229 | 145,596 | |
Segment external liabilities | 186,214 | 189,302 | |
Insurance and Wealth | |||
Segmental analysis | |||
External income | 685 | 366 | 857 |
Segment external assets | 192,625 | 183,348 | |
Segment customer deposits | 14,818 | 14,072 | |
Segment external liabilities | 199,756 | 190,771 | |
Other | |||
Segmental analysis | |||
External income | (256) | (471) | (578) |
Segment external assets | 184,545 | 187,113 | |
Segment customer deposits | 8,464 | 10,194 | |
Segment external liabilities | 127,002 | 146,554 | |
Operating segments | |||
Segmental analysis | |||
Net interest income | 5,418 | 5,295 | 5,478 |
Other income, net of insurance claims | 2,417 | 2,054 | 2,461 |
Total income, net of insurance claims | 7,835 | 7,349 | 7,939 |
Profit (loss) before tax | 4,065 | 2,474 | (281) |
Operating segments | Retail | |||
Segmental analysis | |||
Net interest income | 4,218 | 4,151 | 4,233 |
Other income, net of insurance claims | 812 | 814 | 919 |
Total income, net of insurance claims | 5,030 | 4,965 | 5,152 |
Profit (loss) before tax | 2,335 | 1,779 | 212 |
Operating segments | Commercial Banking | |||
Segmental analysis | |||
Net interest income | 1,153 | 1,135 | 1,222 |
Other income, net of insurance claims | 677 | 634 | 658 |
Total income, net of insurance claims | 1,830 | 1,769 | 1,880 |
Profit (loss) before tax | 1,388 | 764 | (668) |
Operating segments | Insurance and Wealth | |||
Segmental analysis | |||
Net interest income | 36 | 35 | 14 |
Other income, net of insurance claims | 660 | 397 | 853 |
Total income, net of insurance claims | 696 | 432 | 867 |
Profit (loss) before tax | 89 | (41) | 379 |
Operating segments | Other | |||
Segmental analysis | |||
Net interest income | 11 | (26) | 9 |
Other income, net of insurance claims | 268 | 209 | 31 |
Total income, net of insurance claims | 279 | 183 | 40 |
Profit (loss) before tax | 253 | (28) | (204) |
Inter-segment income (expense) | |||
Segmental analysis | |||
Total income, net of insurance claims | 0 | 0 | 0 |
Inter-segment income (expense) | Retail | |||
Segmental analysis | |||
Total income, net of insurance claims | (683) | (876) | (875) |
Inter-segment income (expense) | Commercial Banking | |||
Segmental analysis | |||
Total income, net of insurance claims | 137 | 156 | 247 |
Inter-segment income (expense) | Insurance and Wealth | |||
Segmental analysis | |||
Total income, net of insurance claims | 11 | 66 | 10 |
Inter-segment income (expense) | Other | |||
Segmental analysis | |||
Total income, net of insurance claims | 535 | 654 | 618 |
Material reconciling items | Insurance grossing adjustment | |||
Segmental analysis | |||
Net interest income | (938) | (982) | 1,132 |
Other income, net of insurance claims | 1,026 | 1,045 | (1,018) |
Total income, net of insurance claims | 88 | 63 | 114 |
Profit (loss) before tax | 0 | 0 | 0 |
Material reconciling items | Market volatility and asset sales | |||
Segmental analysis | |||
Net interest income | (18) | (17) | 52 |
Other income, net of insurance claims | 279 | (38) | (75) |
Total income, net of insurance claims | 261 | (55) | (23) |
Profit (loss) before tax | 239 | (16) | (43) |
Material reconciling items | Amortisation of purchased intangibles | |||
Segmental analysis | |||
Net interest income | 0 | 0 | 0 |
Other income, net of insurance claims | 0 | 0 | 0 |
Total income, net of insurance claims | 0 | 0 | 0 |
Profit (loss) before tax | (35) | (35) | (34) |
Material reconciling items | Restructuring costs | |||
Segmental analysis | |||
Net interest income | 0 | 0 | 0 |
Other income, net of insurance claims | (8) | (17) | (37) |
Total income, net of insurance claims | (8) | (17) | (37) |
Profit (loss) before tax | (255) | (388) | (133) |
Material reconciling items | Fair value unwind and other items | |||
Segmental analysis | |||
Net interest income | (89) | (103) | (106) |
Other income, net of insurance claims | (8) | (6) | 8 |
Total income, net of insurance claims | (97) | (109) | (98) |
Profit (loss) before tax | £ (109) | (122) | £ (111) |
Material reconciling items | Payment protection insurance | |||
Segmental analysis | |||
Net interest income | 0 | ||
Other income, net of insurance claims | 0 | ||
Total income, net of insurance claims | 0 | ||
Profit (loss) before tax | £ (85) |
Net fee and commission income -
Net fee and commission income - Schedule of Fee and Commission Income (Details) - GBP (£) £ in Millions | 6 Months Ended | ||
Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | |
Fee and commission income: | |||
Current accounts | £ 312 | £ 308 | £ 307 |
Credit and debit card fees | 384 | 398 | 350 |
Commercial banking and treasury fees | 215 | 154 | 120 |
Unit trust and insurance broking | 58 | 80 | 66 |
Factoring | 38 | 34 | 42 |
Other fees and commissions | 287 | 213 | 236 |
Total fee and commission income | 1,294 | 1,187 | 1,121 |
Fee and commission expense | (601) | (590) | (558) |
Net fee and commission income | £ 693 | £ 597 | £ 563 |
Insurance claims - Schedule of
Insurance claims - Schedule of Insurance Claims (Details) - GBP (£) £ in Millions | 6 Months Ended | ||
Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | |
Life insurance and investment contracts | |||
Insurance claims | £ (11,489) | £ (15,064) | £ 1,023 |
Insurance claims | |||
Life insurance and investment contracts | |||
Claims and surrenders | (4,465) | (4,023) | (3,647) |
Adjustments for increase (decrease) in insurance, reinsurance and investment contract liabilities | (11,502) | (15,125) | 927 |
Reinsurers' share | 181 | 251 | 167 |
Receipts from premiums and claims, annuities and other policy benefits | (11,321) | (14,874) | 1,094 |
Change in unallocated surplus | (20) | (28) | 85 |
Insurance claims | (11,489) | (15,064) | 1,023 |
Change in insurance and participating investment contracts | Insurance claims | |||
Life insurance and investment contracts | |||
Change in insurance and participating investment contracts | (4,395) | (7,590) | 3,000 |
Change in non-participating investment contracts | Insurance claims | |||
Life insurance and investment contracts | |||
Change in non-participating investment contracts | (2,642) | (3,512) | 1,574 |
Total life insurance and investment contracts | Insurance claims | |||
Life insurance and investment contracts | |||
Insurance claims | (11,341) | (14,902) | 1,179 |
Total non-life insurance claims, net of reinsurance | Insurance claims | |||
Life insurance and investment contracts | |||
Insurance claims | £ (148) | £ (162) | £ (156) |
Operating expenses - Schedule o
Operating expenses - Schedule of Operating Expenses (Details) - GBP (£) £ in Millions | 6 Months Ended | ||
Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | |
Operating expenses | |||
Salaries and social security costs | £ 1,555 | £ 1,479 | £ 1,493 |
Pensions and other post-retirement benefit schemes (note 14) | 284 | 294 | 272 |
Restructuring and other staff costs | 117 | 168 | 129 |
Total administrative expenses | 1,956 | 1,941 | 1,894 |
Premises and equipment | 130 | 230 | 237 |
Other expenses: | |||
IT, data processing and communications | 584 | 539 | 474 |
UK bank levy | 0 | 211 | 0 |
Operations, marketing and other | 559 | 531 | 488 |
Other expenses | 1,143 | 1,281 | 962 |
Depreciation and amortisation | 1,243 | 1,334 | 1,398 |
Goodwill impairment | 0 | 4 | 0 |
Regulatory provisions (note 15) | 425 | 287 | 177 |
Total operating expenses | £ 4,897 | £ 5,077 | £ 4,668 |
Impairment - Schedule of Impair
Impairment - Schedule of Impairment (Details) - GBP (£) £ in Millions | 6 Months Ended | ||
Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | |
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | |||
Total impairment (credit) charge | £ (723) | £ 326 | £ 3,829 |
Other assets | |||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | |||
Total impairment (credit) charge | 2 | (8) | 13 |
Impairment (credit) charge on drawn balances | |||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | |||
Total impairment (credit) charge | (623) | 362 | 3,499 |
Loan commitments and financial guarantees | |||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | |||
Total impairment (credit) charge | (98) | (35) | 324 |
Financial assets at amortised cost | |||
In respect of: | |||
Financial assets held at amortised cost | (625) | 370 | 3,486 |
Financial assets at amortised cost | Loans and advances to banks | |||
In respect of: | |||
Financial assets held at amortised cost | (3) | (16) | 21 |
Financial assets at amortised cost | Loans and advances to customers | |||
In respect of: | |||
Financial assets held at amortised cost | (622) | 386 | 3,464 |
Financial assets at amortised cost | Debt securities | |||
In respect of: | |||
Financial assets held at amortised cost | 0 | 0 | 1 |
Financial assets at fair value through other comprehensive income | |||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | |||
Total impairment (credit) charge | (2) | (1) | 6 |
Impairment | |||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | |||
Impact of transfers between stages | 145 | 206 | 1,263 |
Other changes in credit quality | (506) | 216 | 2,111 |
Additions (repayments) | (366) | (14) | 211 |
Methodology and model changes | 3 | 108 | 44 |
Other items | 1 | (190) | 200 |
Total charge in the period, excluding transfers | £ (868) | £ 120 | £ 2,566 |
Impairment - Narrative (Details
Impairment - Narrative (Details) - GBP (£) £ in Millions | 6 Months Ended | ||
Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | |
Impairments | |||
Residual impairment and voluntary termination charges | £ 41 | £ 20 | £ 21 |
Central adjustment to severe scenario | £ 200 |
Taxation - Schedule of Reconcil
Taxation - Schedule of Reconciliation of the Charge Resulting from Applying the Standard UK Corporation Tax Rate (Details) - GBP (£) £ in Millions | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2020 | |
Disclosure of income tax [Abstract] | ||||
Profit (loss) before tax | £ 3,905 | £ 1,828 | £ (602) | |
UK corporation tax thereon at 19 per cent (2020: 19 per cent) | (742) | (347) | 114 | |
Impact of surcharge on banking profits | (229) | (151) | 44 | |
Non-deductible costs: conduct charges | (7) | (13) | (11) | |
Non-deductible costs: bank levy | 0 | (38) | 0 | |
Other non-deductible costs | (67) | (34) | (40) | |
Non-taxable income | 35 | (17) | 76 | |
Tax relief on coupons on other equity instruments | 40 | 42 | 44 | |
Tax-exempt gains on disposals | 36 | 78 | 3 | |
Tax losses where no deferred tax recognised | (9) | (57) | (1) | |
Remeasurement of deferred tax due to rate changes | 970 | (4) | 354 | |
Differences in overseas tax rates | (25) | 2 | 13 | |
Policyholder tax | (36) | (23) | (23) | |
Policyholder deferred tax asset in respect of life assurance expenses | 4 | 49 | 0 | |
Adjustments in respect of prior years | (10) | 56 | 48 | |
Tax effect of share of results of joint ventures | 0 | (3) | 0 | |
Tax (expense) credit | £ (40) | £ (460) | £ 621 | |
UK corporation tax rate | 19.00% | 19.00% | 19.00% |
Taxation - Narrative (Details)
Taxation - Narrative (Details) - GBP (£) £ in Millions | Apr. 01, 2023 | Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2020 |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
UK corporation tax rate | 19.00% | 19.00% | 19.00% | ||
Increase in deferred tax asset | £ 786 | ||||
Remeasurement of deferred tax due to rate changes | 970 | £ (4) | £ 354 | ||
Current and deferred tax relating to items charged directly to equity | £ 184 | ||||
Forecast | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
UK corporation tax rate | 25.00% |
Earnings per share - Schedule o
Earnings per share - Schedule of Earnings Per Share (Details) - GBP (£) £ / shares in Units, £ in Millions, shares in Millions | 6 Months Ended | ||
Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | |
Disclosure of earnings per share [Abstract] | |||
Profit (loss) attributable to ordinary shareholders | £ 3,611 | £ 1,099 | £ (234) |
Weighted-average number of ordinary shares in issue – basic (in shares) | 70,894 | 70,776 | 70,434 |
Adjustment for share options and awards (in shares) | 854 | 697 | 0 |
Weighted-average number of ordinary shares in issue – diluted (in shares) | 71,748 | 71,473 | 70,434 |
Basic earnings (loss) per share (in GBP per share) | £ 0.051 | £ 0.015 | £ (0.003) |
Diluted earnings (loss) per share (in GBP per share) | £ 0.050 | £ 0.015 | £ (0.003) |
Financial assets at fair valu_3
Financial assets at fair value through profit (Details) - GBP (£) £ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Disclosure of financial assets [line items] | ||
Trading assets | £ 17,772 | £ 20,825 |
Other financial assets at fair value through profit or loss: | 159,817 | 150,801 |
Total financial assets at fair value through profit or loss | 177,589 | 171,626 |
Insurance contracts | ||
Disclosure of financial assets [line items] | ||
Total financial assets at fair value through profit or loss | 155,583 | 145,905 |
Treasury and other bills | ||
Disclosure of financial assets [line items] | ||
Other financial assets at fair value through profit or loss: | 18 | 18 |
Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Other financial assets at fair value through profit or loss: | 10,354 | 11,244 |
Loans and advances to banks | ||
Disclosure of financial assets [line items] | ||
Other financial assets at fair value through profit or loss: | 3,656 | 4,238 |
Debt securities | ||
Disclosure of financial assets [line items] | ||
Other financial assets at fair value through profit or loss: | 39,021 | 38,852 |
Equity shares | ||
Disclosure of financial assets [line items] | ||
Other financial assets at fair value through profit or loss: | £ 106,768 | £ 96,449 |
Derivative financial instrume_3
Derivative financial instruments (Details) - GBP (£) £ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Hedging | ||
Fair value of assets | £ 182 | £ 816 |
Fair value of liabilities | 415 | 684 |
Trading | ||
Total recognised derivative assets | 22,193 | 29,613 |
Total recognised derivative liabilities | 17,951 | 27,313 |
Trading and other | ||
Trading | ||
Fair value of assets | 22,011 | 28,797 |
Fair value of liabilities | 17,536 | 26,629 |
Fair value hedges | ||
Hedging | ||
Fair value of assets | 123 | 478 |
Fair value of liabilities | 284 | 256 |
Cash flow hedges | ||
Hedging | ||
Fair value of assets | 59 | 338 |
Fair value of liabilities | 131 | 428 |
Exchange rate contracts | Trading and other | ||
Trading | ||
Fair value of assets | 4,780 | 6,779 |
Fair value of liabilities | 4,062 | 7,414 |
Interest rate contracts | Trading and other | ||
Trading | ||
Fair value of assets | 16,700 | 21,644 |
Fair value of liabilities | 12,653 | 18,564 |
Credit derivatives | Trading and other | ||
Trading | ||
Fair value of assets | 101 | 108 |
Fair value of liabilities | 206 | 174 |
Equity and other contracts | Trading and other | ||
Trading | ||
Fair value of assets | 430 | 266 |
Fair value of liabilities | £ 615 | £ 477 |
Financial assets at amortised_3
Financial assets at amortised cost - Loans and advances to banks, customers, and of debt securities (Details) - GBP (£) £ in Millions | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | £ 6,247 | ||
Net carrying amount | 10,811 | £ 10,746 | |
Allowance account for credit losses of financial assets at end of period | 5,058 | 6,247 | |
Net carrying amount | 500,356 | 498,843 | |
Net carrying amount | 5,008 | 5,405 | |
Total financial assets at amortised cost | 516,175 | 514,994 | |
Loans and advances to banks | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 6 | £ 2 | 2 |
Exchange and other adjustments | 0 | (1) | |
Additions (repayments) | 2 | 0 | |
Other changes in credit quality | (5) | ||
(Credit) charge to the income statement | (3) | 5 | |
Allowance account for credit losses of financial assets at end of period | 3 | 6 | |
Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 5,760 | 3,259 | 3,259 |
Exchange and other adjustments | 163 | 74 | |
Additions (repayments) | (350) | 127 | |
Other changes in credit quality | (435) | 2,204 | |
(Credit) charge to the income statement | (622) | 3,850 | |
Impact of transfers between stages | 160 | 1,367 | |
Methodology and model changes | 3 | 152 | |
Advances written off | (616) | (1,626) | |
Recoveries of advances written off in previous years | 72 | 250 | |
Discount unwind | (85) | (47) | |
Allowance account for credit losses of financial assets at end of period | 4,672 | 5,760 | |
Debt securities | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 3 | 3 | 3 |
Exchange and other adjustments | 0 | 0 | |
Additions (repayments) | 0 | 0 | |
(Credit) charge to the income statement | 0 | 1 | |
Advances written off | (1) | ||
Allowance account for credit losses of financial assets at end of period | 3 | 3 | |
Residual value and voluntary terminations | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 192 | ||
Allowance account for credit losses of financial assets at end of period | 136 | 192 | |
Stage 1 | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 1,591 | ||
Allowance account for credit losses of financial assets at end of period | 1,362 | 1,591 | |
Stage 1 | Loans and advances to banks | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 6 | 2 | 2 |
Exchange and other adjustments | 0 | (1) | |
Additions (repayments) | 2 | 0 | |
Other changes in credit quality | (5) | ||
(Credit) charge to the income statement | (3) | 5 | |
Allowance account for credit losses of financial assets at end of period | 3 | 6 | |
Stage 1 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 1,372 | 675 | 675 |
Exchange and other adjustments | 1 | 0 | |
Additions (repayments) | (65) | 50 | |
Other changes in credit quality | (143) | 857 | |
(Credit) charge to the income statement | (187) | 697 | |
Impact of transfers between stages | 26 | (166) | |
Methodology and model changes | (5) | (44) | |
Allowance account for credit losses of financial assets at end of period | 1,186 | 1,372 | |
Stage 1 | Debt securities | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 1 | 0 | 0 |
Exchange and other adjustments | 0 | 0 | |
Additions (repayments) | 0 | 0 | |
(Credit) charge to the income statement | 0 | 1 | |
Allowance account for credit losses of financial assets at end of period | 1 | 1 | |
Stage 2 | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 2,379 | ||
Allowance account for credit losses of financial assets at end of period | 1,800 | 2,379 | |
Stage 2 | Loans and advances to banks | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 0 | 0 | 0 |
Exchange and other adjustments | 0 | 0 | |
Additions (repayments) | 0 | 0 | |
Other changes in credit quality | 0 | ||
(Credit) charge to the income statement | 0 | 0 | |
Allowance account for credit losses of financial assets at end of period | 0 | 0 | |
Stage 2 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 2,145 | 995 | 995 |
Exchange and other adjustments | (2) | (1) | |
Additions (repayments) | (176) | 145 | |
Other changes in credit quality | (234) | (16) | |
(Credit) charge to the income statement | (522) | 1,151 | |
Impact of transfers between stages | (120) | 852 | |
Methodology and model changes | 8 | 170 | |
Allowance account for credit losses of financial assets at end of period | 1,621 | 2,145 | |
Stage 2 | Debt securities | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 0 | 0 | 0 |
Exchange and other adjustments | 0 | 0 | |
Additions (repayments) | 0 | 0 | |
(Credit) charge to the income statement | 0 | 0 | |
Allowance account for credit losses of financial assets at end of period | 0 | 0 | |
Stage 3 | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 2,016 | ||
Allowance account for credit losses of financial assets at end of period | 1,706 | 2,016 | |
Stage 3 | Loans and advances to banks | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 0 | 0 | 0 |
Exchange and other adjustments | 0 | 0 | |
Additions (repayments) | 0 | 0 | |
Other changes in credit quality | 0 | ||
(Credit) charge to the income statement | 0 | 0 | |
Allowance account for credit losses of financial assets at end of period | 0 | 0 | |
Stage 3 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 1,982 | 1,447 | 1,447 |
Exchange and other adjustments | 97 | 54 | |
Additions (repayments) | (73) | (38) | |
Other changes in credit quality | 31 | 1,196 | |
(Credit) charge to the income statement | 212 | 1,865 | |
Impact of transfers between stages | 254 | 681 | |
Methodology and model changes | 0 | 26 | |
Advances written off | (603) | (1,587) | |
Recoveries of advances written off in previous years | 72 | 250 | |
Discount unwind | (85) | (47) | |
Allowance account for credit losses of financial assets at end of period | 1,675 | 1,982 | |
Stage 3 | Debt securities | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 2 | 3 | 3 |
Exchange and other adjustments | 0 | 0 | |
Additions (repayments) | 0 | 0 | |
(Credit) charge to the income statement | 0 | 0 | |
Advances written off | (1) | ||
Allowance account for credit losses of financial assets at end of period | 2 | 2 | |
POCI | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 261 | ||
Allowance account for credit losses of financial assets at end of period | 190 | 261 | |
POCI | Loans and advances to banks | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 0 | 0 | 0 |
Exchange and other adjustments | 0 | 0 | |
Additions (repayments) | 0 | 0 | |
Other changes in credit quality | 0 | ||
(Credit) charge to the income statement | 0 | 0 | |
Allowance account for credit losses of financial assets at end of period | 0 | 0 | |
POCI | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 261 | 142 | 142 |
Exchange and other adjustments | 67 | 21 | |
Additions (repayments) | (36) | (30) | |
Other changes in credit quality | (89) | 167 | |
(Credit) charge to the income statement | (125) | 137 | |
Methodology and model changes | 0 | 0 | |
Advances written off | (13) | (39) | |
Recoveries of advances written off in previous years | 0 | 0 | |
Discount unwind | 0 | 0 | |
Allowance account for credit losses of financial assets at end of period | 190 | 261 | |
POCI | Debt securities | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 0 | 0 | 0 |
Exchange and other adjustments | 0 | 0 | |
Additions (repayments) | 0 | 0 | |
(Credit) charge to the income statement | 0 | 0 | |
Advances written off | 0 | ||
Allowance account for credit losses of financial assets at end of period | 0 | 0 | |
Loans and advances to banks | |||
Disclosure of financial assets [line items] | |||
Loans and advances to banks, beginning balance | 10,752 | 9,777 | 9,777 |
Allowance account for credit losses of financial assets at beginning of period | 6 | ||
Exchange and other adjustments | (139) | 50 | |
Additions (repayments) | 201 | 925 | |
Net carrying amount | 10,811 | 10,746 | |
Loans and advances to banks, ending balance | 10,814 | 10,752 | |
Allowance account for credit losses of financial assets at end of period | 3 | 6 | |
Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 5,760 | ||
Exchange and other adjustments | (2,006) | 819 | |
Additions (repayments) | 2,975 | 6,913 | |
Impact of transfers between stages | 0 | 0 | |
Advances written off | (616) | (1,626) | |
Recoveries of advances written off in previous years | 72 | 250 | |
Allowance account for credit losses of financial assets at end of period | 4,672 | 5,760 | |
Loans and advances to customers, beginning balance | 504,603 | 498,247 | 498,247 |
Loans and advances to customers, ending balance | 505,028 | 504,603 | |
Net carrying amount | 500,356 | 498,843 | |
Debt securities | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 3 | ||
Exchange and other adjustments | (47) | (21) | |
Additions (repayments) | (350) | (117) | |
Advances written off | (1) | ||
Allowance account for credit losses of financial assets at end of period | 3 | 3 | |
Debt securities, beginning balance | 5,408 | 5,547 | 5,547 |
Debt securities, ending balance | 5,011 | 5,408 | |
Net carrying amount | 5,008 | 5,405 | |
Stage 1 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Impact of transfers between stages | 0 | 0 | |
Stage 1 | Stage 1 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Impact of transfers between stages | 362 | 146 | |
Stage 1 | Stage 2 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Impact of transfers between stages | (360) | (143) | |
Stage 1 | Stage 3 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Impact of transfers between stages | (2) | (3) | |
Stage 2 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Impact of transfers between stages | 0 | 0 | |
Stage 2 | Stage 1 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Impact of transfers between stages | (66) | (218) | |
Stage 2 | Stage 2 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Impact of transfers between stages | 158 | 268 | |
Stage 2 | Stage 3 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Impact of transfers between stages | (92) | (50) | |
Stage 3 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Impact of transfers between stages | 0 | 0 | |
Stage 3 | Stage 1 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Impact of transfers between stages | (9) | (9) | |
Stage 3 | Stage 2 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Impact of transfers between stages | (175) | (156) | |
Stage 3 | Stage 3 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Impact of transfers between stages | 184 | 165 | |
Impact of transfers between stages | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Impact of transfers between stages | 160 | 1,367 | |
Impact of transfers between stages | Stage 1 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Impact of transfers between stages | (261) | (85) | |
Impact of transfers between stages | Stage 2 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Impact of transfers between stages | 257 | 883 | |
Impact of transfers between stages | Stage 3 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Impact of transfers between stages | 164 | 569 | |
Stage 1 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Transfers to Stage 1 | 0 | 0 | |
Stage 2 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Transfers to Stage 2 | 0 | 0 | |
Stage 3 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Transfers to Stage 3 | 0 | 0 | |
Stage 1 | |||
Disclosure of financial assets [line items] | |||
Total financial assets at amortised cost | 455,557 | 448,722 | |
Stage 1 | Loans and advances to banks | |||
Disclosure of financial assets [line items] | |||
Loans and advances to banks, beginning balance | 10,752 | 9,777 | 9,777 |
Allowance account for credit losses of financial assets at beginning of period | 6 | ||
Exchange and other adjustments | (139) | 50 | |
Additions (repayments) | 201 | 925 | |
Net carrying amount | 10,811 | 10,746 | |
Loans and advances to banks, ending balance | 10,814 | 10,752 | |
Allowance account for credit losses of financial assets at end of period | 3 | 6 | |
Stage 1 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 1,372 | ||
Exchange and other adjustments | (1,953) | 1,308 | |
Additions (repayments) | 9,007 | 8,176 | |
Impact of transfers between stages | (73) | (25,516) | |
Allowance account for credit losses of financial assets at end of period | 1,186 | 1,372 | |
Loans and advances to customers, beginning balance | 433,943 | 449,975 | 449,975 |
Loans and advances to customers, ending balance | 440,924 | 433,943 | |
Net carrying amount | 439,738 | 432,571 | |
Stage 1 | Debt securities | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 1 | ||
Exchange and other adjustments | (47) | (21) | |
Additions (repayments) | (350) | (117) | |
Allowance account for credit losses of financial assets at end of period | 1 | 1 | |
Debt securities, beginning balance | 5,406 | 5,544 | 5,544 |
Debt securities, ending balance | 5,009 | 5,406 | |
Net carrying amount | 5,008 | 5,405 | |
Stage 1 | Stage 1 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Transfers to Stage 1 | 11,183 | 4,972 | |
Stage 1 | Stage 2 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Transfers to Stage 2 | (10,922) | (28,855) | |
Stage 1 | Stage 3 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Transfers to Stage 3 | (334) | (1,633) | |
Stage 2 | |||
Disclosure of financial assets [line items] | |||
Total financial assets at amortised cost | 44,413 | 49,514 | |
Stage 2 | Loans and advances to banks | |||
Disclosure of financial assets [line items] | |||
Loans and advances to banks, beginning balance | 0 | 0 | 0 |
Allowance account for credit losses of financial assets at beginning of period | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Additions (repayments) | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Loans and advances to banks, ending balance | 0 | 0 | |
Allowance account for credit losses of financial assets at end of period | 0 | 0 | |
Stage 2 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 2,145 | ||
Exchange and other adjustments | (24) | (59) | |
Additions (repayments) | (4,568) | 695 | |
Impact of transfers between stages | (1,033) | 22,480 | |
Allowance account for credit losses of financial assets at end of period | 1,621 | 2,145 | |
Loans and advances to customers, beginning balance | 51,659 | 28,543 | 28,543 |
Loans and advances to customers, ending balance | 46,034 | 51,659 | |
Net carrying amount | 44,413 | 49,514 | |
Stage 2 | Debt securities | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Additions (repayments) | 0 | 0 | |
Allowance account for credit losses of financial assets at end of period | 0 | 0 | |
Debt securities, beginning balance | 0 | 0 | 0 |
Debt securities, ending balance | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Stage 2 | Stage 1 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Transfers to Stage 1 | (11,175) | (4,956) | |
Stage 2 | Stage 2 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Transfers to Stage 2 | 11,371 | 29,467 | |
Stage 2 | Stage 3 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Transfers to Stage 3 | (1,229) | (2,031) | |
Stage 3 | |||
Disclosure of financial assets [line items] | |||
Total financial assets at amortised cost | 4,509 | 4,508 | |
Stage 3 | Loans and advances to banks | |||
Disclosure of financial assets [line items] | |||
Loans and advances to banks, beginning balance | 0 | 0 | 0 |
Allowance account for credit losses of financial assets at beginning of period | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Additions (repayments) | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Loans and advances to banks, ending balance | 0 | 0 | |
Allowance account for credit losses of financial assets at end of period | 0 | 0 | |
Stage 3 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 1,982 | ||
Exchange and other adjustments | (80) | (422) | |
Additions (repayments) | (801) | (802) | |
Impact of transfers between stages | 1,106 | 3,036 | |
Advances written off | (603) | (1,587) | |
Recoveries of advances written off in previous years | 72 | 250 | |
Allowance account for credit losses of financial assets at end of period | 1,675 | 1,982 | |
Loans and advances to customers, beginning balance | 6,490 | 6,015 | 6,015 |
Loans and advances to customers, ending balance | 6,184 | 6,490 | |
Net carrying amount | 4,509 | 4,508 | |
Stage 3 | Debt securities | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 2 | ||
Exchange and other adjustments | 0 | 0 | |
Additions (repayments) | 0 | 0 | |
Advances written off | (1) | ||
Allowance account for credit losses of financial assets at end of period | 2 | 2 | |
Debt securities, beginning balance | 2 | 3 | 3 |
Debt securities, ending balance | 2 | 2 | |
Net carrying amount | 0 | 0 | |
Stage 3 | Stage 1 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Transfers to Stage 1 | (8) | (16) | |
Stage 3 | Stage 2 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Transfers to Stage 2 | (449) | (612) | |
Stage 3 | Stage 3 | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Transfers to Stage 3 | 1,563 | 3,664 | |
POCI | |||
Disclosure of financial assets [line items] | |||
Total financial assets at amortised cost | 11,696 | 12,250 | |
POCI | Loans and advances to banks | |||
Disclosure of financial assets [line items] | |||
Loans and advances to banks, beginning balance | 0 | 0 | 0 |
Allowance account for credit losses of financial assets at beginning of period | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Additions (repayments) | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Loans and advances to banks, ending balance | 0 | 0 | |
Allowance account for credit losses of financial assets at end of period | 0 | 0 | |
POCI | Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 261 | ||
Exchange and other adjustments | 51 | (8) | |
Additions (repayments) | (663) | (1,156) | |
Advances written off | (13) | (39) | |
Recoveries of advances written off in previous years | 0 | 0 | |
Allowance account for credit losses of financial assets at end of period | 190 | 261 | |
Loans and advances to customers, beginning balance | 12,511 | 13,714 | 13,714 |
Loans and advances to customers, ending balance | 11,886 | 12,511 | |
Net carrying amount | 11,696 | 12,250 | |
POCI | Debt securities | |||
Disclosure of financial assets [line items] | |||
Allowance account for credit losses of financial assets at beginning of period | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Additions (repayments) | 0 | 0 | |
Advances written off | 0 | ||
Allowance account for credit losses of financial assets at end of period | 0 | 0 | |
Debt securities, beginning balance | 0 | £ 0 | 0 |
Debt securities, ending balance | 0 | 0 | |
Net carrying amount | £ 0 | £ 0 |
Financial assets at amortised_4
Financial assets at amortised cost - Movements in Retail mortgage (Details) - GBP (£) £ in Millions | 6 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Dec. 31, 2020 | |
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | £ 6,247 | |
Allowance account for credit losses of financial assets at end of period | 5,058 | £ 6,247 |
Net carrying amount | 500,356 | 498,843 |
UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 1,024 | 568 |
Exchange and other adjustments | 67 | 21 |
Impact of transfers between stages | 68 | 249 |
Other changes in credit quality | (172) | 181 |
Additions (repayments) | (73) | (44) |
Methodology and model changes | 90 | |
(Credit) charge to the income statement | (177) | 476 |
Advances written off | (29) | (76) |
Recoveries of advances written off in previous years | 5 | 15 |
Discount unwind | 10 | 20 |
Allowance account for credit losses of financial assets at end of period | 900 | 1,024 |
Stage 1 | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 1,591 | |
Allowance account for credit losses of financial assets at end of period | 1,362 | 1,591 |
Stage 1 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 104 | 23 |
Exchange and other adjustments | 0 | 0 |
Impact of transfers between stages | (1) | (2) |
Other changes in credit quality | 13 | 63 |
Additions (repayments) | 8 | 14 |
Methodology and model changes | 6 | |
(Credit) charge to the income statement | 20 | 81 |
Allowance account for credit losses of financial assets at end of period | 124 | 104 |
Stage 2 | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 2,379 | |
Allowance account for credit losses of financial assets at end of period | 1,800 | 2,379 |
Stage 2 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 468 | 281 |
Exchange and other adjustments | 0 | 0 |
Impact of transfers between stages | 33 | 168 |
Other changes in credit quality | (65) | (26) |
Additions (repayments) | (25) | (15) |
Methodology and model changes | 60 | |
(Credit) charge to the income statement | (57) | 187 |
Allowance account for credit losses of financial assets at end of period | 411 | 468 |
Stage 3 | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 2,016 | |
Allowance account for credit losses of financial assets at end of period | 1,706 | 2,016 |
Stage 3 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 191 | 122 |
Exchange and other adjustments | 0 | 0 |
Impact of transfers between stages | 36 | 83 |
Other changes in credit quality | (31) | (23) |
Additions (repayments) | (20) | (13) |
Methodology and model changes | 24 | |
(Credit) charge to the income statement | (15) | 71 |
Advances written off | (16) | (37) |
Recoveries of advances written off in previous years | 5 | 15 |
Discount unwind | 10 | 20 |
Allowance account for credit losses of financial assets at end of period | 175 | 191 |
POCI | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 261 | |
Allowance account for credit losses of financial assets at end of period | 190 | 261 |
POCI | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 261 | 142 |
Exchange and other adjustments | 67 | 21 |
Other changes in credit quality | (89) | 167 |
Additions (repayments) | (36) | (30) |
Methodology and model changes | 0 | |
(Credit) charge to the income statement | (125) | 137 |
Advances written off | (13) | (39) |
Recoveries of advances written off in previous years | 0 | 0 |
Discount unwind | 0 | 0 |
Allowance account for credit losses of financial assets at end of period | 190 | 261 |
UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 1 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 1 | Stage 1 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 26 | 17 |
Stage 1 | Stage 2 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | (26) | (17) |
Stage 1 | Stage 3 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 2 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 2 | Stage 1 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | (7) | (4) |
Stage 2 | Stage 2 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 26 | 22 |
Stage 2 | Stage 3 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | (19) | (18) |
Stage 3 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 3 | Stage 1 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 3 | Stage 2 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | (29) | (35) |
Stage 3 | Stage 3 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 29 | 35 |
Impact of transfers between stages | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 68 | 249 |
Impact of transfers between stages | Stage 1 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | (20) | (15) |
Impact of transfers between stages | Stage 2 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 62 | 198 |
Impact of transfers between stages | Stage 3 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 26 | 66 |
Stage 1 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 1 | 0 | 0 |
Stage 2 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 2 | 0 | 0 |
Stage 3 | UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 3 | 0 | 0 |
UK retail mortgages | ||
Disclosure of financial assets [line items] | ||
Retail mortgages, beginning balance | 294,806 | 289,198 |
Allowance account for credit losses of financial assets at beginning of period | 1,024 | |
Exchange and other adjustments | 51 | (8) |
Additions (repayments) | 11,288 | 5,677 |
Advances written off | (29) | (76) |
Recoveries of advances written off in previous years | 5 | 15 |
Retail mortgages, ending balance | 306,121 | 294,806 |
Allowance account for credit losses of financial assets at end of period | 900 | 1,024 |
Net carrying amount | 305,221 | 293,782 |
UK retail mortgages | Stage 1 | ||
Disclosure of financial assets [line items] | ||
Retail mortgages, beginning balance | 251,418 | 257,043 |
Allowance account for credit losses of financial assets at beginning of period | 104 | |
Exchange and other adjustments | 0 | 0 |
Impact of transfers between stages | (2,837) | (14,244) |
Additions (repayments) | 13,960 | 8,619 |
Retail mortgages, ending balance | 262,541 | 251,418 |
Allowance account for credit losses of financial assets at end of period | 124 | 104 |
Net carrying amount | 262,417 | 251,314 |
UK retail mortgages | Stage 1 | Stage 1 | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 1 | 3,745 | 2,418 |
UK retail mortgages | Stage 1 | Stage 2 | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 2 | (6,554) | (16,463) |
UK retail mortgages | Stage 1 | Stage 3 | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 3 | (28) | (199) |
UK retail mortgages | Stage 2 | ||
Disclosure of financial assets [line items] | ||
Retail mortgages, beginning balance | 29,018 | 16,935 |
Allowance account for credit losses of financial assets at beginning of period | 468 | |
Exchange and other adjustments | 0 | 0 |
Impact of transfers between stages | 2,439 | 13,494 |
Additions (repayments) | (1,687) | (1,411) |
Retail mortgages, ending balance | 29,770 | 29,018 |
Allowance account for credit losses of financial assets at end of period | 411 | 468 |
Net carrying amount | 29,359 | 28,550 |
UK retail mortgages | Stage 2 | Stage 1 | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 1 | (3,742) | (2,414) |
UK retail mortgages | Stage 2 | Stage 2 | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 2 | 6,847 | 16,882 |
UK retail mortgages | Stage 2 | Stage 3 | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 3 | (666) | (974) |
UK retail mortgages | Stage 3 | ||
Disclosure of financial assets [line items] | ||
Retail mortgages, beginning balance | 1,859 | 1,506 |
Allowance account for credit losses of financial assets at beginning of period | 191 | |
Exchange and other adjustments | 0 | 0 |
Impact of transfers between stages | 398 | 750 |
Additions (repayments) | (322) | (375) |
Advances written off | (16) | (37) |
Recoveries of advances written off in previous years | 5 | 15 |
Retail mortgages, ending balance | 1,924 | 1,859 |
Allowance account for credit losses of financial assets at end of period | 175 | 191 |
Net carrying amount | 1,749 | 1,668 |
UK retail mortgages | Stage 3 | Stage 1 | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 1 | (3) | (4) |
UK retail mortgages | Stage 3 | Stage 2 | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 2 | (293) | (419) |
UK retail mortgages | Stage 3 | Stage 3 | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 3 | 694 | 1,173 |
UK retail mortgages | POCI | ||
Disclosure of financial assets [line items] | ||
Retail mortgages, beginning balance | 12,511 | 13,714 |
Allowance account for credit losses of financial assets at beginning of period | 261 | |
Exchange and other adjustments | 51 | (8) |
Additions (repayments) | (663) | (1,156) |
Advances written off | (13) | (39) |
Recoveries of advances written off in previous years | 0 | 0 |
Retail mortgages, ending balance | 11,886 | 12,511 |
Allowance account for credit losses of financial assets at end of period | 190 | 261 |
Net carrying amount | £ 11,696 | £ 12,250 |
Financial assets at amortised_5
Financial assets at amortised cost - Schedule of Undrawn Balances (Details) - GBP (£) £ in Millions | 6 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Dec. 31, 2020 | |
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | £ 6,247 | |
Allowance account for credit losses of financial assets at end of period | 5,058 | £ 6,247 |
Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Exchange and other adjustments | (2) | (7) |
Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | 459 | 177 |
Impact of transfers between stages | (15) | 102 |
Other items credited to the income statement | (83) | 187 |
Credit to the income statement | (98) | 289 |
Allowance account for credit losses of financial assets at end of period | 359 | 459 |
Stage 1 | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 2 | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 3 | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Impact of transfers between stages | 0 | 0 |
Impact of transfers between stages | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Impact of transfers between stages | (15) | 102 |
Stage 1 | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | 1,591 | |
Allowance account for credit losses of financial assets at end of period | 1,362 | 1,591 |
Stage 1 | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Exchange and other adjustments | (2) | (6) |
Stage 1 | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | 212 | 95 |
Impact of transfers between stages | 3 | (3) |
Other items credited to the income statement | (41) | 126 |
Credit to the income statement | (38) | 123 |
Allowance account for credit losses of financial assets at end of period | 172 | 212 |
Stage 1 | Stage 1 | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Impact of transfers between stages | 63 | 19 |
Stage 1 | Stage 2 | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Impact of transfers between stages | (10) | (11) |
Stage 1 | Stage 3 | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Impact of transfers between stages | 0 | (1) |
Stage 1 | Impact of transfers between stages | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Impact of transfers between stages | (50) | (10) |
Stage 2 | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | 2,379 | |
Allowance account for credit losses of financial assets at end of period | 1,800 | 2,379 |
Stage 2 | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Exchange and other adjustments | 0 | (1) |
Stage 2 | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | 234 | 77 |
Impact of transfers between stages | (22) | 88 |
Other items credited to the income statement | (33) | 70 |
Credit to the income statement | (55) | 158 |
Allowance account for credit losses of financial assets at end of period | 179 | 234 |
Stage 2 | Stage 1 | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Impact of transfers between stages | (63) | (19) |
Stage 2 | Stage 2 | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Impact of transfers between stages | 10 | 11 |
Stage 2 | Stage 3 | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Impact of transfers between stages | (4) | (6) |
Stage 2 | Impact of transfers between stages | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Impact of transfers between stages | 35 | 102 |
Stage 3 | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | 2,016 | |
Allowance account for credit losses of financial assets at end of period | 1,706 | 2,016 |
Stage 3 | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Exchange and other adjustments | 0 | 0 |
Stage 3 | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | 13 | 5 |
Impact of transfers between stages | 4 | 17 |
Other items credited to the income statement | (9) | (9) |
Credit to the income statement | (5) | 8 |
Allowance account for credit losses of financial assets at end of period | 8 | 13 |
Stage 3 | Stage 1 | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 3 | Stage 2 | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 3 | Stage 3 | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Impact of transfers between stages | 4 | 7 |
Stage 3 | Impact of transfers between stages | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Impact of transfers between stages | 0 | 10 |
POCI | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | 261 | |
Allowance account for credit losses of financial assets at end of period | 190 | 261 |
POCI | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Exchange and other adjustments | 0 | 0 |
POCI | Undrawn balances | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Undrawn Balances [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | 0 | 0 |
Other items credited to the income statement | 0 | 0 |
Credit to the income statement | 0 | 0 |
Allowance account for credit losses of financial assets at end of period | £ 0 | £ 0 |
Financial assets at amortised_6
Financial assets at amortised cost - Schedule of Impairment (Details) - GBP (£) £ in Millions | 6 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Dec. 31, 2020 | |
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | £ 5,058 | £ 6,247 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 3 | 5 |
Loans and advances to banks | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 3 | 6 |
UK retail mortgages | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 900 | 1,024 |
Other | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 3,772 | 4,736 |
Gross | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 4,672 | 5,760 |
Debt securities | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 3 | 3 |
Financial assets at amortised cost | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 4,678 | 5,769 |
Other assets | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 21 | 19 |
Loan commitments and financial guarantees | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 359 | 459 |
Stage 1 | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1,362 | 1,591 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 3 | 5 |
Stage 1 | Loans and advances to banks | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 3 | 6 |
Stage 1 | UK retail mortgages | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 124 | 104 |
Stage 1 | Other | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1,062 | 1,268 |
Stage 1 | Gross | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1,186 | 1,372 |
Stage 1 | Debt securities | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1 | 1 |
Stage 1 | Financial assets at amortised cost | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1,190 | 1,379 |
Stage 1 | Other assets | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Stage 1 | Loan commitments and financial guarantees | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 172 | 212 |
Stage 2 | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1,800 | 2,379 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 0 | 0 |
Stage 2 | Loans and advances to banks | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Stage 2 | UK retail mortgages | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 411 | 468 |
Stage 2 | Other | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1,210 | 1,677 |
Stage 2 | Gross | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1,621 | 2,145 |
Stage 2 | Debt securities | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Stage 2 | Financial assets at amortised cost | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1,621 | 2,145 |
Stage 2 | Other assets | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Stage 2 | Loan commitments and financial guarantees | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 179 | 234 |
Stage 3 | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1,706 | 2,016 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 0 | 0 |
Stage 3 | Loans and advances to banks | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Stage 3 | UK retail mortgages | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 175 | 191 |
Stage 3 | Other | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1,500 | 1,791 |
Stage 3 | Gross | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1,675 | 1,982 |
Stage 3 | Debt securities | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 2 | 2 |
Stage 3 | Financial assets at amortised cost | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1,677 | 1,984 |
Stage 3 | Other assets | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 21 | 19 |
Stage 3 | Loan commitments and financial guarantees | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 8 | 13 |
POCI | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 190 | 261 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 0 | 0 |
POCI | Loans and advances to banks | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
POCI | UK retail mortgages | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 190 | 261 |
POCI | Other | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
POCI | Gross | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 190 | 261 |
POCI | Debt securities | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
POCI | Financial assets at amortised cost | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 190 | 261 |
POCI | Other assets | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
POCI | Loan commitments and financial guarantees | ||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | £ 0 | £ 0 |
Debt securities in issue - Sche
Debt securities in issue - Schedule of Debt Securities in Issue (Details) - GBP (£) £ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Disclosure of financial liabilities [line items] | ||
Medium-term notes issued | £ 47,241 | £ 49,404 |
Covered bonds | 20,120 | 23,980 |
Certificates of deposit | 4,225 | 7,998 |
Securitisation notes | 4,131 | 4,451 |
Commercial paper | 12,407 | 8,392 |
Total debt securities in issue | 88,124 | 94,225 |
At fair value through profit or loss | ||
Disclosure of financial liabilities [line items] | ||
Medium-term notes issued | 6,818 | 6,783 |
Covered bonds | 0 | 0 |
Certificates of deposit | 0 | 0 |
Securitisation notes | 38 | 45 |
Commercial paper | 0 | 0 |
Total debt securities in issue | 6,856 | 6,828 |
At amortised cost | ||
Disclosure of financial liabilities [line items] | ||
Medium-term notes issued | 40,423 | 42,621 |
Covered bonds | 20,120 | 23,980 |
Certificates of deposit | 4,225 | 7,998 |
Securitisation notes | 4,093 | 4,406 |
Commercial paper | 12,407 | 8,392 |
Total debt securities in issue | £ 81,268 | £ 87,397 |
Debt securities in issue - Narr
Debt securities in issue - Narrative (Details) - GBP (£) £ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation notes | £ 4,131 | £ 4,451 |
Covered bonds | 20,120 | 23,980 |
Securitisation programme | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation notes | 4,131 | 4,451 |
Instruments providing security for notes | 33,752 | 34,584 |
Covered bond programme | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Covered bonds | 20,120 | 23,980 |
Instruments providing security for bonds | 31,698 | 34,960 |
Restricted cash deposits | 4,674 | 3,930 |
Subsidiaries | Securitisation programme | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation notes | (27,038) | (27,448) |
Subsidiaries | Covered bond programme | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Covered bonds | 0 | 100 |
External parties and subsidiaries | Securitisation programme | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation notes | 31,169 | |
Instruments providing security for notes | 31,899 | |
External parties and subsidiaries | Covered bond programme | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Covered bonds | £ 20,120 | £ 24,080 |
Retirement benefit obligation_2
Retirement benefit obligations - Schedule of Defined Benefit Scheme Obligations (Details) - GBP (£) £ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Recognised on the balance sheet as: | ||
Retirement benefit assets | £ 3,134 | £ 1,714 |
Retirement benefit obligations | (234) | (245) |
Net amounts presented in the balance sheet | ||
Defined benefit pension schemes: | ||
Fair value of scheme assets | 49,299 | 51,127 |
Present value of funded obligations | (46,297) | (49,549) |
Amount recognized | ||
Defined benefit pension schemes: | ||
Net retirement benefit asset | 2,900 | 1,469 |
Recognised on the balance sheet as: | ||
Retirement benefit assets | 3,134 | 1,714 |
Retirement benefit obligations | (234) | (245) |
Amount recognized | Net pension scheme asset | ||
Defined benefit pension schemes: | ||
Net retirement benefit asset | 3,002 | 1,578 |
Amount recognized | Other post-retirement schemes | ||
Defined benefit pension schemes: | ||
Net retirement benefit asset | £ (102) | £ (109) |
Retirement benefit obligation_3
Retirement benefit obligations - Movements in Net Post-retirement Defined Benefit Scheme Asset (Details) - Amount recognized £ in Millions | 6 Months Ended |
Jun. 30, 2021GBP (£) | |
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Principal Actuarial and Financial Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | |
Net defined benefit asset, beginning balance | £ 1,469 |
Income statement charge | (122) |
Employer contributions | 949 |
Remeasurement | 604 |
Net defined benefit asset, ending balance | £ 2,900 |
Retirement benefit obligation_4
Retirement benefit obligations - Schedule of Charges to Income Statement (Details) - GBP (£) £ in Millions | 6 Months Ended | ||
Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | |
Post-retirement defined benefit schemes - charge to the income statement | |||
Total charge to the income statement | £ 284 | £ 294 | £ 272 |
Defined benefit pension schemes | |||
Post-retirement defined benefit schemes - charge to the income statement | |||
Total charge to the income statement | 122 | 126 | 121 |
Defined contribution schemes | |||
Post-retirement defined benefit schemes - charge to the income statement | |||
Total charge to the income statement | £ 162 | £ 168 | £ 151 |
Retirement benefit obligation_5
Retirement benefit obligations - Principal Assumptions (Details) | Jun. 30, 2021 | Dec. 31, 2020 |
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Principal Actuarial and Financial Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Discount rate | 1.93% | 1.44% |
Rate of inflation: | ||
Rate of salary increases | 0.00% | 0.00% |
Weighted-average rate of increase for pensions in payment | 2.81% | 2.61% |
Retail Price Index | ||
Rate of inflation: | ||
Prices index | 3.10% | 2.80% |
Consumer Price Index | ||
Rate of inflation: | ||
Prices index | 2.70% | 2.41% |
Other provisions - Schedule of
Other provisions - Schedule of Provisions and Liabilities (Details) £ in Millions | 6 Months Ended |
Jun. 30, 2021GBP (£) | |
Disclosure of other provisions [line items] | |
Provisions at beginning of the period | £ 1,915 |
Exchange and other adjustments | (16) |
Provisions applied | (550) |
Charge for the period | 409 |
Provisions at end of the period | 1,758 |
Provisions for financial commitments and guarantees | |
Disclosure of other provisions [line items] | |
Provisions at beginning of the period | 459 |
Exchange and other adjustments | (2) |
Provisions applied | 0 |
Charge for the period | (98) |
Provisions at end of the period | 359 |
Regulatory provisions | |
Disclosure of other provisions [line items] | |
Provisions at beginning of the period | 642 |
Exchange and other adjustments | (4) |
Provisions applied | (398) |
Charge for the period | 425 |
Provisions at end of the period | 665 |
Other | |
Disclosure of other provisions [line items] | |
Provisions at beginning of the period | 814 |
Exchange and other adjustments | (10) |
Provisions applied | (152) |
Charge for the period | 82 |
Provisions at end of the period | £ 734 |
Other provisions - Narrative (D
Other provisions - Narrative (Details) - GBP (£) £ in Millions | 6 Months Ended | 12 Months Ended | 24 Months Ended | 30 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2020 | Jun. 30, 2021 | |
Disclosure of other provisions [line items] | ||||||
Charge for the period | £ 409 | |||||
Other provisions | 1,758 | £ 1,915 | £ 1,915 | £ 1,758 | ||
Total cash payments | £ 550 | |||||
HBOS | ||||||
Disclosure of other provisions [line items] | ||||||
Value of offers after compensation assessment | £ 150 | 159 | £ 109 | |||
Ex-gratia payments | 15 | |||||
Payments in respect of settlements, reimbursement rights | £ 6 | |||||
Lifetime cost of legal claim | 435 | £ 585 | ||||
Percent of accepted offers | 99.00% | 99.00% | ||||
Regulatory provisions | ||||||
Disclosure of other provisions [line items] | ||||||
Charge for the period | £ 425 | |||||
Other provisions | 665 | 642 | 642 | £ 665 | ||
Total cash payments | 398 | |||||
FCA fine | ||||||
Disclosure of other provisions [line items] | ||||||
Charge for the period | 91 | |||||
Payment Protection Insurance, excluding MBNA | Payment protection insurance | ||||||
Disclosure of other provisions [line items] | ||||||
Other provisions | 57 | 57 | ||||
Total payment protection insurance to date | 21,960 | |||||
Total cash payments | 144 | |||||
Payment Protection Insurance, MBNA | Payment protection insurance | ||||||
Disclosure of other provisions [line items] | ||||||
Group's exposure cap | 240 | 240 | ||||
Increase in exposure to credit risk on loan commitments and financial guarantee contracts | 0 | |||||
Arreas handling | ||||||
Disclosure of other provisions [line items] | ||||||
Other provisions | 38 | 38 | ||||
Total arrears handling to date | 1,017 | |||||
Customer claims in relation to insurance branch business in Germany | ||||||
Disclosure of other provisions [line items] | ||||||
Other provisions | 92 | 93 | 93 | 92 | ||
Total cash payments | 22 | 28 | ||||
Increase in existing provisions | 21 | |||||
Total customer claims in relation to insurance branch business to date | £ 695 | £ 674 | £ 674 | £ 695 |
Contingent liabilities, commi_3
Contingent liabilities, commitments and guarantees - Narrative (Details) £ in Millions | 6 Months Ended | |
Jun. 30, 2021GBP (£)classAction | Dec. 31, 2020GBP (£) | |
Contingent liabilities, commitments and guarantees [Line Items] | ||
Number of class actions | classAction | 2 | |
Reduction in deferred tax asset | £ (786) | |
Maximum exposure | ||
Contingent liabilities, commitments and guarantees [Line Items] | ||
Irrevocable commitments and guarantees | 66,731 | £ 73,962 |
Legal proceedings contingent liability | ||
Contingent liabilities, commitments and guarantees [Line Items] | ||
Increase in current tax liabilities | 835 | |
Reduction in deferred tax asset | £ 330 |
Contingent liabilities, commi_4
Contingent liabilities, commitments and guarantees - Schedule of Contingent Liabilities, Commitments and Guarantees Arising from the Banking Business (Details) - GBP (£) £ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Contingent liabilities | ||
Total contingent liabilities | £ 2,664 | £ 2,553 |
Commitments and guarantees | ||
Gross loan commitments | 140,401 | 147,875 |
Less than 1 year original maturity | ||
Commitments and guarantees | ||
Gross loan commitments | 106,684 | 109,448 |
1 year or over original maturity | ||
Commitments and guarantees | ||
Gross loan commitments | 33,642 | 38,299 |
Mortgage offers made | Less than 1 year original maturity | ||
Commitments and guarantees | ||
Gross loan commitments | 16,740 | 20,179 |
Documentary credits and other short-term trade-related transactions | ||
Commitments and guarantees | ||
Gross loan commitments | 1 | 1 |
Forward asset purchases and forward deposits placed | ||
Commitments and guarantees | ||
Gross loan commitments | 74 | 127 |
Other commitments and guarantees | Less than 1 year original maturity | ||
Commitments and guarantees | ||
Gross loan commitments | 89,944 | 89,269 |
Acceptances and endorsements | ||
Contingent liabilities | ||
Total contingent liabilities | 157 | 131 |
Other items serving as direct credit substitutes | ||
Contingent liabilities | ||
Total contingent liabilities | 513 | 317 |
Performance bonds, including letters of credit, and other transaction-related contingencies | ||
Contingent liabilities | ||
Total contingent liabilities | 1,994 | 2,105 |
Other contingent liabilities | ||
Contingent liabilities | ||
Total contingent liabilities | £ 2,507 | £ 2,422 |
Fair values of financial asse_3
Fair values of financial assets and liabilities - Valuation methodology (Details) - GBP (£) £ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities [Line Items] | ||
Loans and advances to banks | £ 10,811 | £ 10,746 |
Loans and advances to customers | 500,356 | 498,843 |
Debt securities | 5,008 | 5,405 |
Financial assets at amortised cost | 516,175 | 514,994 |
Deposits from banks | 20,655 | 31,465 |
Customer deposits | 482,349 | 460,068 |
Debt securities in issue | 81,268 | 87,397 |
Liabilities arising from non-participating investment contracts | 42,031 | 38,452 |
Subordinated liabilities | 13,527 | 14,261 |
Carrying value | ||
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities [Line Items] | ||
Loans and advances to banks | 10,811 | 10,746 |
Loans and advances to customers | 500,356 | 498,843 |
Debt securities | 5,008 | 5,405 |
Financial assets at amortised cost | 516,175 | 514,994 |
Deposits from banks | 20,655 | 31,465 |
Customer deposits | 482,349 | 460,068 |
Debt securities in issue | 81,268 | 87,397 |
Liabilities arising from non-participating investment contracts | 42,031 | 38,452 |
Subordinated liabilities | 13,527 | 14,261 |
Fair value | ||
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities [Line Items] | ||
Loans and advances to banks | 10,812 | 10,745 |
Loans and advances to customers | 501,187 | 498,255 |
Debt securities | 5,001 | 5,398 |
Financial assets at amortised cost | 517,000 | 514,398 |
Deposits from banks | 20,656 | 31,468 |
Customer deposits | 482,513 | 460,338 |
Debt securities in issue | 85,363 | 93,152 |
Liabilities arising from non-participating investment contracts | 42,031 | 38,452 |
Subordinated liabilities | £ 15,628 | £ 16,410 |
Fair values of financial asse_4
Fair values of financial assets and liabilities - Financial assets (Details) - GBP (£) £ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Disclosure of fair value measurement of assets [line items] | ||
Trading assets | £ 17,772 | £ 20,825 |
Fair value | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 245,097 | 248,385 |
Level 1 | Fair value | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 134,072 | 129,961 |
Level 2 | Fair value | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 96,323 | 102,051 |
Level 3 | Fair value | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 14,702 | 16,373 |
Financial assets at fair value through profit or loss | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 196,691 | 191,169 |
Trading assets | 177,589 | 171,626 |
Assets arising from contracts held with reinsurers | 19,102 | 19,543 |
Financial assets at fair value through profit or loss | Level 1 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 121,405 | 115,081 |
Trading assets | 121,405 | 115,081 |
Assets arising from contracts held with reinsurers | 0 | 0 |
Financial assets at fair value through profit or loss | Level 2 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 62,026 | 61,042 |
Trading assets | 42,924 | 41,499 |
Assets arising from contracts held with reinsurers | 19,102 | 19,543 |
Financial assets at fair value through profit or loss | Level 3 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 13,260 | 15,046 |
Trading assets | 13,260 | 15,046 |
Assets arising from contracts held with reinsurers | 0 | 0 |
Financial assets at fair value through profit or loss | Loans and advances to customers | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 22,520 | 24,009 |
Financial assets at fair value through profit or loss | Loans and advances to customers | Level 1 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 0 | 0 |
Financial assets at fair value through profit or loss | Loans and advances to customers | Level 2 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 12,676 | 12,508 |
Financial assets at fair value through profit or loss | Loans and advances to customers | Level 3 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 9,844 | 11,501 |
Financial assets at fair value through profit or loss | Loans and advances to banks | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 3,818 | 4,467 |
Financial assets at fair value through profit or loss | Loans and advances to banks | Level 1 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 0 | 0 |
Financial assets at fair value through profit or loss | Loans and advances to banks | Level 2 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 3,818 | 4,467 |
Financial assets at fair value through profit or loss | Loans and advances to banks | Level 3 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 0 | 0 |
Financial assets at fair value through profit or loss | Debt securities | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 44,465 | 46,683 |
Financial assets at fair value through profit or loss | Debt securities | Level 1 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 16,427 | 20,376 |
Financial assets at fair value through profit or loss | Debt securities | Level 2 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 26,330 | 24,353 |
Financial assets at fair value through profit or loss | Debt securities | Level 3 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 1,708 | 1,954 |
Financial assets at fair value through profit or loss | Treasury and other bills | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 18 | 18 |
Financial assets at fair value through profit or loss | Treasury and other bills | Level 1 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 18 | 18 |
Financial assets at fair value through profit or loss | Treasury and other bills | Level 2 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 0 | 0 |
Financial assets at fair value through profit or loss | Treasury and other bills | Level 3 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 0 | 0 |
Financial assets at fair value through profit or loss | Equity shares | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 106,768 | 96,449 |
Financial assets at fair value through profit or loss | Equity shares | Level 1 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 104,960 | 94,687 |
Financial assets at fair value through profit or loss | Equity shares | Level 2 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 100 | 171 |
Financial assets at fair value through profit or loss | Equity shares | Level 3 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 1,708 | 1,591 |
Financial assets at fair value through other comprehensive income | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 26,213 | 27,603 |
Financial assets at fair value through other comprehensive income | Level 1 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 12,634 | 14,820 |
Financial assets at fair value through other comprehensive income | Level 2 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 13,205 | 12,437 |
Financial assets at fair value through other comprehensive income | Level 3 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 374 | 346 |
Financial assets at fair value through other comprehensive income | Debt securities | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 25,981 | 27,401 |
Financial assets at fair value through other comprehensive income | Debt securities | Level 1 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 12,609 | 14,784 |
Financial assets at fair value through other comprehensive income | Debt securities | Level 2 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 13,205 | 12,437 |
Financial assets at fair value through other comprehensive income | Debt securities | Level 3 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 167 | 180 |
Financial assets at fair value through other comprehensive income | Treasury and other bills | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 25 | 36 |
Financial assets at fair value through other comprehensive income | Treasury and other bills | Level 1 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 25 | 36 |
Financial assets at fair value through other comprehensive income | Treasury and other bills | Level 2 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 0 | 0 |
Financial assets at fair value through other comprehensive income | Treasury and other bills | Level 3 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 0 | 0 |
Financial assets at fair value through other comprehensive income | Equity shares | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 207 | 166 |
Financial assets at fair value through other comprehensive income | Equity shares | Level 1 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 0 | 0 |
Financial assets at fair value through other comprehensive income | Equity shares | Level 2 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 0 | 0 |
Financial assets at fair value through other comprehensive income | Equity shares | Level 3 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 207 | 166 |
Derivative financial instruments | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 22,193 | 29,613 |
Derivative financial instruments | Level 1 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 33 | 60 |
Derivative financial instruments | Level 2 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 21,092 | 28,572 |
Derivative financial instruments | Level 3 | ||
Disclosure of fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | £ 1,068 | £ 981 |
Fair values of financial asse_5
Fair values of financial assets and liabilities - Financial liabilities (Details) - GBP (£) £ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Fair value | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | £ 39,005 | £ 49,959 |
Level 1 | Fair value | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | 1,128 | 834 |
Level 2 | Fair value | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | 36,569 | 47,706 |
Level 3 | Fair value | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | 1,308 | 1,419 |
At fair value through profit or loss | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | 21,054 | 22,646 |
At fair value through profit or loss | Level 1 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | 1,072 | 778 |
At fair value through profit or loss | Level 2 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | 19,943 | 21,823 |
At fair value through profit or loss | Level 3 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | 39 | 45 |
Liabilities designated at fair value through profit or loss | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | 6,857 | 6,828 |
Liabilities designated at fair value through profit or loss | Level 1 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | 0 | 0 |
Liabilities designated at fair value through profit or loss | Level 2 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | 6,818 | 6,783 |
Liabilities designated at fair value through profit or loss | Level 3 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | 39 | 45 |
Trading liabilities | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | 14,197 | 15,818 |
Trading liabilities | Level 1 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | 1,072 | 778 |
Trading liabilities | Level 2 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | 13,125 | 15,040 |
Trading liabilities | Level 3 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | 0 | 0 |
Derivative financial instruments | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | 17,951 | 27,313 |
Derivative financial instruments | Level 1 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | 56 | 56 |
Derivative financial instruments | Level 2 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | 16,626 | 25,883 |
Derivative financial instruments | Level 3 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Level 3 financial liabilities carried at fair value | £ 1,269 | £ 1,374 |
Fair values of financial asse_6
Fair values of financial assets and liabilities- Movements in level 3 financial assets portfolio (Details) - GBP (£) £ in Millions | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income | £ 3 | £ 5 | |
Level 3 | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Balance at beginning of period | 16,373 | £ 16,179 | 16,179 |
Exchange and other adjustments | (20) | 136 | |
(Losses) Gains recognised in the income statement within other income | (289) | 259 | |
Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income | 43 | (67) | |
Purchases/increases to customer loans | 946 | 853 | |
Sales/repayments of customer loans | (1,592) | (927) | |
Transfers into the level 3 portfolio | 19 | 114 | |
Transfers out of the level 3 portfolio | (778) | (331) | |
Balance at end of period | 14,702 | 16,216 | 16,373 |
Level 3 | Financial assets at fair value through profit or loss | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Balance at beginning of period | 15,046 | 14,908 | 14,908 |
Exchange and other adjustments | (16) | 106 | |
(Losses) Gains recognised in the income statement within other income | (135) | 135 | |
Purchases/increases to customer loans | 644 | 851 | |
Sales/repayments of customer loans | (1,520) | (839) | |
Transfers into the level 3 portfolio | 19 | 73 | |
Transfers out of the level 3 portfolio | (778) | (247) | |
Balance at end of period | 13,260 | 14,987 | 15,046 |
Gains recognised in the income statement, within other income, relating to the change in fair value of those assets held at 30 June 2020 | (187) | 141 | |
Level 3 | Financial assets at fair value through other comprehensive income | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Balance at beginning of period | 346 | 408 | 408 |
Exchange and other adjustments | (7) | 11 | |
Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income | 43 | (67) | |
Purchases/increases to customer loans | 0 | 0 | |
Sales/repayments of customer loans | (8) | (7) | |
Transfers into the level 3 portfolio | 0 | 0 | |
Transfers out of the level 3 portfolio | 0 | 0 | |
Balance at end of period | 374 | 345 | 346 |
Level 3 | Derivative financial instruments | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Balance at beginning of period | 981 | 863 | 863 |
Exchange and other adjustments | 3 | 19 | |
(Losses) Gains recognised in the income statement within other income | (154) | 124 | |
Purchases/increases to customer loans | 302 | 2 | |
Sales/repayments of customer loans | (64) | (81) | |
Transfers into the level 3 portfolio | 0 | 41 | |
Transfers out of the level 3 portfolio | 0 | (84) | |
Balance at end of period | 1,068 | 884 | £ 981 |
Gains recognised in the income statement, within other income, relating to the change in fair value of those assets held at 30 June 2020 | (156) | 132 | |
Level 3 | Level 3 financial assets carried at fair value | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Gains recognised in the income statement, within other income, relating to the change in fair value of those assets held at 30 June 2020 | £ (343) | £ 273 |
Fair values of financial asse_7
Fair values of financial assets and liabilities - Movements in level 3 financial liabilities portfolio (Details) - Level 3 - GBP (£) £ in Millions | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Balance at beginning of period | £ 1,419 | £ 1,415 |
Exchange and other adjustments | 3 | 20 |
Gains recognised in the income statement within other income | (249) | 195 |
Additions | 202 | 2 |
Redemptions | (24) | (10) |
Transfers into the level 3 portfolio | 0 | 51 |
Transfers out of the level 3 portfolio | (43) | (159) |
Balance at end of period | 1,308 | 1,514 |
At fair value through profit or loss | ||
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Balance at beginning of period | 45 | 48 |
Exchange and other adjustments | 0 | 0 |
Gains recognised in the income statement within other income | (2) | 1 |
Additions | 1 | 0 |
Redemptions | (5) | (2) |
Transfers into the level 3 portfolio | 0 | 0 |
Transfers out of the level 3 portfolio | 0 | 0 |
Balance at end of period | 39 | 47 |
Gains recognised in the income statement, within other income, relating to the change in fair value of those assets held at 30 June 2020 | (2) | 0 |
Derivative financial instruments | ||
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Balance at beginning of period | 1,374 | 1,367 |
Exchange and other adjustments | 3 | 20 |
Gains recognised in the income statement within other income | (247) | 194 |
Additions | 201 | 2 |
Redemptions | (19) | (8) |
Transfers into the level 3 portfolio | 0 | 51 |
Transfers out of the level 3 portfolio | (43) | (159) |
Balance at end of period | 1,269 | 1,467 |
Gains recognised in the income statement, within other income, relating to the change in fair value of those assets held at 30 June 2020 | (244) | 195 |
Level 3 financial liabilities carried at fair value | ||
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Gains recognised in the income statement, within other income, relating to the change in fair value of those assets held at 30 June 2020 | £ (246) | £ 195 |
Fair values of financial asse_8
Fair values of financial assets and liabilities - Schedule of Sensitivity of Level 3 Valuations (Details) £ in Millions | Jun. 30, 2021GBP (£) | Dec. 31, 2020GBP (£) | Jun. 30, 2020GBP (£) | Dec. 31, 2019GBP (£) |
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Loans and advances to customers | £ 500,356 | £ 498,843 | ||
Other | 88,124 | 94,225 | ||
Financial assets at fair value through profit or loss | 177,589 | 171,626 | ||
Derivative financial instruments | 22,193 | 29,613 | ||
Financial liabilities at fair value through profit or loss | 21,054 | 22,646 | ||
Total recognised derivative liabilities | 17,951 | 27,313 | ||
Level 3 | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Financial assets threshold | 14,702 | 16,373 | £ 16,216 | £ 16,179 |
Financial liabilities threshold | 1,308 | 1,419 | 1,514 | 1,415 |
At fair value through profit or loss | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Other | 6,856 | 6,828 | ||
Level 3 financial liabilities carried at fair value | 21,054 | 22,646 | ||
At fair value through profit or loss | Level 3 | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Financial liabilities threshold | 39 | 45 | 47 | 48 |
Level 3 financial liabilities carried at fair value | 39 | 45 | ||
Carrying value | Level 3 | Level 3 financial liabilities carried at fair value | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Level 3 financial liabilities carried at fair value | 1,308 | 1,419 | ||
Carrying value | Level 3 | Level 3 financial assets carried at fair value | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Level 3 financial assets carried at fair value | 14,702 | 16,373 | ||
Carrying value | At fair value through profit or loss | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Financial liabilities at fair value through profit or loss | 39 | 45 | ||
Carrying value | Derivative financial liabilities | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Total recognised derivative liabilities | 1,269 | 1,374 | ||
Interest rate volatility | Carrying value | Option pricing model | Derivative financial liabilities | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Interest rate derivatives | 1,269 | 1,374 | ||
Interest rate volatility | Carrying value | Favourable changes | Option pricing model | Derivative financial liabilities | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Interest rate derivatives | 0 | 0 | ||
Interest rate volatility | Carrying value | Unfavourable changes | Option pricing model | Derivative financial liabilities | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Interest rate derivatives | 0 | 0 | ||
Minimum | Level 3 | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Financial assets threshold | 500 | 500 | ||
Financial liabilities threshold | £ 500 | £ 500 | ||
Minimum | Interest rate volatility | Derivative financial liabilities | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Significant unobservable input, liabilities | 0.08 | 0.13 | ||
Maximum | Interest rate volatility | Derivative financial liabilities | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Significant unobservable input, liabilities | 1.24 | 1.28 | ||
Financial assets at fair value through profit or loss | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Level 3 financial assets carried at fair value | £ 196,691 | £ 191,169 | ||
Financial assets at fair value through profit or loss | Level 3 | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Financial assets threshold | 13,260 | 15,046 | £ 14,987 | £ 14,908 |
Level 3 financial assets carried at fair value | 13,260 | 15,046 | ||
Financial assets at fair value through profit or loss | Favourable changes | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Loans and advances to customers | 514 | 528 | ||
Financial assets at fair value through profit or loss | Favourable changes | Underlying asset/net asset value (incl. property prices) | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Equity and venture capital investments | 111 | 91 | ||
Financial assets at fair value through profit or loss | Favourable changes | Underlying asset/net asset value (incl. property prices) | Broker Quotes | Discounted cash flow | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Unlisted equities, debt securities and property partnerships in the life funds | 7 | 6 | ||
Financial assets at fair value through profit or loss | Unfavourable changes | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Loans and advances to customers | (498) | (651) | ||
Financial assets at fair value through profit or loss | Unfavourable changes | Underlying asset/net asset value (incl. property prices) | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Equity and venture capital investments | (123) | (121) | ||
Financial assets at fair value through profit or loss | Unfavourable changes | Underlying asset/net asset value (incl. property prices) | Broker Quotes | Discounted cash flow | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Unlisted equities, debt securities and property partnerships in the life funds | (21) | (34) | ||
Financial assets at fair value through profit or loss | Carrying value | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Loans and advances to customers | 9,844 | 11,501 | ||
Financial assets at fair value through profit or loss | 13,260 | 15,046 | ||
Financial assets at fair value through profit or loss | Carrying value | Underlying asset/net asset value (incl. property prices) | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Equity and venture capital investments | 795 | 634 | ||
Financial assets at fair value through profit or loss | Carrying value | Underlying asset/net asset value (incl. property prices) | Broker Quotes | Discounted cash flow | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Unlisted equities, debt securities and property partnerships in the life funds | 743 | 780 | ||
Financial assets at fair value through profit or loss | Earnings multiple | Favourable changes | Market approach | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Equity and venture capital investments | 143 | 72 | ||
Financial assets at fair value through profit or loss | Earnings multiple | Unfavourable changes | Market approach | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Equity and venture capital investments | (143) | (72) | ||
Financial assets at fair value through profit or loss | Earnings multiple | Carrying value | Market approach | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Equity and venture capital investments | 1,682 | 1,905 | ||
Financial assets at fair value through profit or loss | Credit Spreads | Favourable changes | Discounted cash flow | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Other | 9 | 10 | ||
Financial assets at fair value through profit or loss | Credit Spreads | Unfavourable changes | Discounted cash flow | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Other | (9) | (10) | ||
Financial assets at fair value through profit or loss | Credit Spreads | Carrying value | Discounted cash flow | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Other | £ 196 | £ 226 | ||
Financial assets at fair value through profit or loss | Minimum | Interest rate spreads | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Significant unobservable input, assets | (0.0050) | (0.0050) | ||
Financial assets at fair value through profit or loss | Minimum | Earnings multiple | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Significant unobservable input, assets, multiple | 0.3 | 1 | ||
Financial assets at fair value through profit or loss | Maximum | Interest rate spreads | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Significant unobservable input, assets | 0.0191 | 0.0215 | ||
Financial assets at fair value through profit or loss | Maximum | Earnings multiple | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Significant unobservable input, assets, multiple | 14.4 | 15.2 | ||
Financial assets at fair value through other comprehensive income | Carrying value | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Financial assets at fair value through other comprehensive income | £ 374 | £ 346 | ||
Derivative financial assets | Carrying value | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Derivative financial instruments | 1,068 | 981 | ||
Derivative financial assets | Interest rate volatility | Favourable changes | Option pricing model | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Interest rate derivatives | 6 | 8 | ||
Derivative financial assets | Interest rate volatility | Unfavourable changes | Option pricing model | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Interest rate derivatives | (14) | (6) | ||
Derivative financial assets | Interest rate volatility | Carrying value | Option pricing model | ||||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||||
Interest rate derivatives | £ 1,068 | £ 981 |
Credit quality of loans and a_3
Credit quality of loans and advances to banks and customers - Schedule of Credit Quality of Assets (Details) - GBP (£) £ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | £ 10,811 | £ 10,746 |
Loans and advances to customers | 500,356 | 498,843 |
Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 10,814 | 10,752 |
Loans and advances to customers | 505,028 | 504,603 |
Drawn exposures | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 10,804 | 10,670 |
Drawn exposures | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 10 | 82 |
Drawn exposures | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Drawn exposures | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Drawn exposures | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 4,672 | 5,760 |
Expected credit loss allowance | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 3 | 6 |
Expected credit loss allowance | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Expected credit loss allowance | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Expected credit loss allowance | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Expected credit loss allowance | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Total Retail | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 364,216 | 354,019 |
Total Retail | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,708 | 3,119 |
UK retail mortgages | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 306,121 | 294,806 |
UK retail mortgages | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 284,846 | 272,382 |
UK retail mortgages | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 4,091 | 4,076 |
UK retail mortgages | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 918 | 907 |
UK retail mortgages | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,456 | 3,071 |
UK retail mortgages | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 13,810 | 14,370 |
UK retail mortgages | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 900 | 1,024 |
UK retail mortgages | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 357 | 350 |
UK retail mortgages | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 60 | 67 |
UK retail mortgages | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 23 | 25 |
UK retail mortgages | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 95 | 130 |
UK retail mortgages | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 365 | 452 |
Retail - credit cards | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 14,215 | 15,109 |
Retail - credit cards | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 10,156 | 10,903 |
Retail - credit cards | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,748 | 2,740 |
Retail - credit cards | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 467 | 617 |
Retail - credit cards | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 521 | 509 |
Retail - credit cards | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 323 | 340 |
Retail - credit cards | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 657 | 766 |
Retail - credit cards | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 107 | 132 |
Retail - credit cards | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 175 | 204 |
Retail - credit cards | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 66 | 84 |
Retail - credit cards | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 169 | 193 |
Retail - credit cards | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 140 | 153 |
Retail - loans and overdrafts | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 9,507 | 9,536 |
Retail - loans and overdrafts | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 6,389 | 5,850 |
Retail - loans and overdrafts | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,226 | 2,570 |
Retail - loans and overdrafts | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 206 | 297 |
Retail - loans and overdrafts | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 374 | 512 |
Retail - loans and overdrafts | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 312 | 307 |
Retail - loans and overdrafts | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 549 | 643 |
Retail - loans and overdrafts | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 92 | 95 |
Retail - loans and overdrafts | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 134 | 165 |
Retail - loans and overdrafts | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 35 | 49 |
Retail - loans and overdrafts | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 137 | 187 |
Retail - loans and overdrafts | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 151 | 147 |
Retail - UK Motor Finance | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 14,852 | 15,201 |
Retail - UK Motor Finance | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 13,102 | 13,431 |
Retail - UK Motor Finance | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,177 | 1,194 |
Retail - UK Motor Finance | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 134 | 171 |
Retail - UK Motor Finance | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 206 | 206 |
Retail - UK Motor Finance | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 233 | 199 |
Retail - UK Motor Finance | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 430 | 498 |
Retail - UK Motor Finance | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 178 | 233 |
Retail - UK Motor Finance | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 36 | 40 |
Retail - UK Motor Finance | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 19 | 30 |
Retail - UK Motor Finance | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 45 | 62 |
Retail - UK Motor Finance | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 152 | 133 |
Retail - other | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 19,521 | 19,367 |
Retail - other | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 16,146 | 15,434 |
Retail - other | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,339 | 2,752 |
Retail - other | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 5 | 21 |
Retail - other | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 787 | 976 |
Retail - other | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 244 | 184 |
Retail - other | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 172 | 188 |
Retail - other | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 40 | 38 |
Retail - other | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 49 | 50 |
Retail - other | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 1 |
Retail - other | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 29 | 40 |
Retail - other | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 54 | 59 |
Commercial Banking | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 85,726 | 88,398 |
Commercial Banking | Drawn exposures | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 38,961 | 35,263 |
Commercial Banking | Drawn exposures | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 35,865 | 37,792 |
Commercial Banking | Drawn exposures | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 7,215 | 11,134 |
Commercial Banking | Drawn exposures | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 607 | 685 |
Commercial Banking | Drawn exposures | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3,078 | 3,524 |
Commercial Banking | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 3 | 6 |
Loans and advances to customers | 1,538 | 2,214 |
Commercial Banking | Expected credit loss allowance | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 30 | 44 |
Commercial Banking | Expected credit loss allowance | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 169 | 250 |
Commercial Banking | Expected credit loss allowance | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 281 | 494 |
Commercial Banking | Expected credit loss allowance | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 71 | 144 |
Commercial Banking | Expected credit loss allowance | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 987 | 1,282 |
Other | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 55,086 | 62,186 |
Other | Drawn exposures | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 54,098 | 60,985 |
Other | Drawn exposures | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3 | 238 |
Other | Drawn exposures | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Other | Drawn exposures | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 2 |
Other | Drawn exposures | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 10 |
Other | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 913 | 884 |
Other | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Other | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Other | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Other | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 70 | 67 |
Other | Drawn exposures | RMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 983 | 951 |
Other | Drawn exposures | CMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 54,103 | 61,235 |
Other | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 426 | 427 |
Other | Expected credit loss allowance | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Other | Expected credit loss allowance | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Other | Expected credit loss allowance | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Other | Expected credit loss allowance | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Other | Expected credit loss allowance | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Other | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 10 | 10 |
Other | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Other | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Other | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Other | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 16 | 17 |
Other | Expected credit loss allowance | RMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 26 | 27 |
Other | Expected credit loss allowance | CMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Central overlay | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Central overlay | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 400 | 400 |
Stage 1 | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 10,814 | 10,752 |
Loans and advances to customers | 440,924 | 433,943 |
Stage 1 | Drawn exposures | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 10,804 | 10,670 |
Stage 1 | Drawn exposures | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 10 | 82 |
Stage 1 | Drawn exposures | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 1 | Drawn exposures | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 1 | Drawn exposures | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 1 | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,186 | 1,372 |
Stage 1 | Expected credit loss allowance | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 3 | 6 |
Stage 1 | Expected credit loss allowance | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 1 | Expected credit loss allowance | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 1 | Expected credit loss allowance | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 1 | Expected credit loss allowance | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 1 | Total Retail | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 311,700 | 301,289 |
Stage 1 | Total Retail | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 587 | 684 |
Stage 1 | UK retail mortgages | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 262,541 | 251,418 |
Stage 1 | UK retail mortgages | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 262,472 | 251,372 |
Stage 1 | UK retail mortgages | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 69 | 46 |
Stage 1 | UK retail mortgages | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | UK retail mortgages | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | UK retail mortgages | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | UK retail mortgages | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 124 | 104 |
Stage 1 | UK retail mortgages | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 123 | 103 |
Stage 1 | UK retail mortgages | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1 | 1 |
Stage 1 | UK retail mortgages | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | UK retail mortgages | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | UK retail mortgages | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Retail - credit cards | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 10,956 | 11,496 |
Stage 1 | Retail - credit cards | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 9,032 | 9,619 |
Stage 1 | Retail - credit cards | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,720 | 1,603 |
Stage 1 | Retail - credit cards | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 150 | 274 |
Stage 1 | Retail - credit cards | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 54 | 0 |
Stage 1 | Retail - credit cards | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Retail - credit cards | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 127 | 155 |
Stage 1 | Retail - credit cards | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 61 | 75 |
Stage 1 | Retail - credit cards | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 60 | 66 |
Stage 1 | Retail - credit cards | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 6 | 14 |
Stage 1 | Retail - credit cards | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Retail - credit cards | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Retail - loans and overdrafts | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 7,782 | 7,710 |
Stage 1 | Retail - loans and overdrafts | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 5,991 | 5,559 |
Stage 1 | Retail - loans and overdrafts | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,707 | 1,990 |
Stage 1 | Retail - loans and overdrafts | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 63 | 116 |
Stage 1 | Retail - loans and overdrafts | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 21 | 45 |
Stage 1 | Retail - loans and overdrafts | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Retail - loans and overdrafts | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 156 | 201 |
Stage 1 | Retail - loans and overdrafts | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 73 | 80 |
Stage 1 | Retail - loans and overdrafts | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 74 | 99 |
Stage 1 | Retail - loans and overdrafts | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 6 | 13 |
Stage 1 | Retail - loans and overdrafts | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3 | 9 |
Stage 1 | Retail - loans and overdrafts | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Retail - UK Motor Finance | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 12,347 | 12,786 |
Stage 1 | Retail - UK Motor Finance | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 11,638 | 12,035 |
Stage 1 | Retail - UK Motor Finance | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 687 | 738 |
Stage 1 | Retail - UK Motor Finance | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Retail - UK Motor Finance | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 22 | 13 |
Stage 1 | Retail - UK Motor Finance | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Retail - UK Motor Finance | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 149 | 194 |
Stage 1 | Retail - UK Motor Finance | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 142 | 187 |
Stage 1 | Retail - UK Motor Finance | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 7 | 7 |
Stage 1 | Retail - UK Motor Finance | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Retail - UK Motor Finance | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Retail - UK Motor Finance | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Retail - other | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 18,074 | 17,879 |
Stage 1 | Retail - other | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 15,661 | 14,952 |
Stage 1 | Retail - other | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,982 | 2,418 |
Stage 1 | Retail - other | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Retail - other | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 431 | 509 |
Stage 1 | Retail - other | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Retail - other | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 31 | 30 |
Stage 1 | Retail - other | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 25 | 19 |
Stage 1 | Retail - other | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 6 | 11 |
Stage 1 | Retail - other | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Retail - other | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Retail - other | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Commercial Banking | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 74,244 | 70,558 |
Stage 1 | Commercial Banking | Drawn exposures | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 38,828 | 35,072 |
Stage 1 | Commercial Banking | Drawn exposures | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 32,404 | 30,821 |
Stage 1 | Commercial Banking | Drawn exposures | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3,012 | 4,665 |
Stage 1 | Commercial Banking | Drawn exposures | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Commercial Banking | Drawn exposures | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Commercial Banking | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 3 | 6 |
Loans and advances to customers | 190 | 279 |
Stage 1 | Commercial Banking | Expected credit loss allowance | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 28 | 42 |
Stage 1 | Commercial Banking | Expected credit loss allowance | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 118 | 141 |
Stage 1 | Commercial Banking | Expected credit loss allowance | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 44 | 96 |
Stage 1 | Commercial Banking | Expected credit loss allowance | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Commercial Banking | Expected credit loss allowance | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Other | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 54,980 | 62,096 |
Stage 1 | Other | Drawn exposures | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 54,098 | 60,985 |
Stage 1 | Other | Drawn exposures | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3 | 238 |
Stage 1 | Other | Drawn exposures | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Other | Drawn exposures | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 2 |
Stage 1 | Other | Drawn exposures | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Other | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 877 | 871 |
Stage 1 | Other | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Other | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Other | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Other | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Other | Drawn exposures | RMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 877 | 871 |
Stage 1 | Other | Drawn exposures | CMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 54,103 | 61,225 |
Stage 1 | Other | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 409 | 409 |
Stage 1 | Other | Expected credit loss allowance | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Other | Expected credit loss allowance | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Other | Expected credit loss allowance | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Other | Expected credit loss allowance | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Other | Expected credit loss allowance | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Other | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 9 | 9 |
Stage 1 | Other | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Other | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Other | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Other | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Other | Expected credit loss allowance | RMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 9 | 9 |
Stage 1 | Other | Expected credit loss allowance | CMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Central overlay | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Central overlay | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 400 | 400 |
Stage 2 | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Loans and advances to customers | 46,034 | 51,659 |
Stage 2 | Drawn exposures | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 2 | Drawn exposures | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 2 | Drawn exposures | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 2 | Drawn exposures | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 2 | Drawn exposures | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 2 | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,621 | 2,145 |
Stage 2 | Expected credit loss allowance | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 2 | Expected credit loss allowance | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 2 | Expected credit loss allowance | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 2 | Expected credit loss allowance | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 2 | Expected credit loss allowance | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 2 | Total Retail | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 37,594 | 37,330 |
Stage 2 | Total Retail | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,259 | 1,491 |
Stage 2 | UK retail mortgages | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 29,770 | 29,018 |
Stage 2 | UK retail mortgages | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 22,374 | 21,010 |
Stage 2 | UK retail mortgages | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 4,022 | 4,030 |
Stage 2 | UK retail mortgages | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 918 | 907 |
Stage 2 | UK retail mortgages | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,456 | 3,071 |
Stage 2 | UK retail mortgages | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | UK retail mortgages | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 411 | 468 |
Stage 2 | UK retail mortgages | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 234 | 247 |
Stage 2 | UK retail mortgages | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 59 | 66 |
Stage 2 | UK retail mortgages | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 23 | 25 |
Stage 2 | UK retail mortgages | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 95 | 130 |
Stage 2 | UK retail mortgages | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Retail - credit cards | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,936 | 3,273 |
Stage 2 | Retail - credit cards | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,124 | 1,284 |
Stage 2 | Retail - credit cards | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,028 | 1,137 |
Stage 2 | Retail - credit cards | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 317 | 343 |
Stage 2 | Retail - credit cards | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 467 | 509 |
Stage 2 | Retail - credit cards | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Retail - credit cards | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 390 | 458 |
Stage 2 | Retail - credit cards | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 46 | 57 |
Stage 2 | Retail - credit cards | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 115 | 138 |
Stage 2 | Retail - credit cards | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 60 | 70 |
Stage 2 | Retail - credit cards | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 169 | 193 |
Stage 2 | Retail - credit cards | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Retail - loans and overdrafts | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,413 | 1,519 |
Stage 2 | Retail - loans and overdrafts | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 398 | 291 |
Stage 2 | Retail - loans and overdrafts | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 519 | 580 |
Stage 2 | Retail - loans and overdrafts | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 143 | 181 |
Stage 2 | Retail - loans and overdrafts | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 353 | 467 |
Stage 2 | Retail - loans and overdrafts | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Retail - loans and overdrafts | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 242 | 295 |
Stage 2 | Retail - loans and overdrafts | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 19 | 15 |
Stage 2 | Retail - loans and overdrafts | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 60 | 66 |
Stage 2 | Retail - loans and overdrafts | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 29 | 36 |
Stage 2 | Retail - loans and overdrafts | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 134 | 178 |
Stage 2 | Retail - loans and overdrafts | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Retail - UK Motor Finance | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,272 | 2,216 |
Stage 2 | Retail - UK Motor Finance | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,464 | 1,396 |
Stage 2 | Retail - UK Motor Finance | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 490 | 456 |
Stage 2 | Retail - UK Motor Finance | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 134 | 171 |
Stage 2 | Retail - UK Motor Finance | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 184 | 193 |
Stage 2 | Retail - UK Motor Finance | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Retail - UK Motor Finance | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 129 | 171 |
Stage 2 | Retail - UK Motor Finance | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 36 | 46 |
Stage 2 | Retail - UK Motor Finance | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 29 | 33 |
Stage 2 | Retail - UK Motor Finance | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 19 | 30 |
Stage 2 | Retail - UK Motor Finance | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 45 | 62 |
Stage 2 | Retail - UK Motor Finance | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Retail - other | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,203 | 1,304 |
Stage 2 | Retail - other | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 485 | 482 |
Stage 2 | Retail - other | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 357 | 334 |
Stage 2 | Retail - other | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 5 | 21 |
Stage 2 | Retail - other | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 356 | 467 |
Stage 2 | Retail - other | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Retail - other | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 87 | 99 |
Stage 2 | Retail - other | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 15 | 19 |
Stage 2 | Retail - other | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 43 | 39 |
Stage 2 | Retail - other | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 1 |
Stage 2 | Retail - other | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 29 | 40 |
Stage 2 | Retail - other | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Commercial Banking | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 8,404 | 14,316 |
Stage 2 | Commercial Banking | Drawn exposures | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 133 | 191 |
Stage 2 | Commercial Banking | Drawn exposures | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3,461 | 6,971 |
Stage 2 | Commercial Banking | Drawn exposures | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 4,203 | 6,469 |
Stage 2 | Commercial Banking | Drawn exposures | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 607 | 685 |
Stage 2 | Commercial Banking | Drawn exposures | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Commercial Banking | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Loans and advances to customers | 361 | 653 |
Stage 2 | Commercial Banking | Expected credit loss allowance | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 2 |
Stage 2 | Commercial Banking | Expected credit loss allowance | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 51 | 109 |
Stage 2 | Commercial Banking | Expected credit loss allowance | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 237 | 398 |
Stage 2 | Commercial Banking | Expected credit loss allowance | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 71 | 144 |
Stage 2 | Commercial Banking | Expected credit loss allowance | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 36 | 13 |
Stage 2 | Other | Drawn exposures | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Drawn exposures | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Drawn exposures | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Drawn exposures | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Drawn exposures | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 36 | 13 |
Stage 2 | Other | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Drawn exposures | RMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 36 | 13 |
Stage 2 | Other | Drawn exposures | CMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1 | 1 |
Stage 2 | Other | Expected credit loss allowance | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Expected credit loss allowance | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Expected credit loss allowance | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Expected credit loss allowance | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Expected credit loss allowance | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1 | 1 |
Stage 2 | Other | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Other | Expected credit loss allowance | RMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1 | 1 |
Stage 2 | Other | Expected credit loss allowance | CMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Central overlay | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Central overlay | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Loans and advances to customers | 6,184 | 6,490 |
Stage 3 | Drawn exposures | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 3 | Drawn exposures | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 3 | Drawn exposures | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 3 | Drawn exposures | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 3 | Drawn exposures | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 3 | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,675 | 1,982 |
Stage 3 | Expected credit loss allowance | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 3 | Expected credit loss allowance | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 3 | Expected credit loss allowance | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 3 | Expected credit loss allowance | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 3 | Expected credit loss allowance | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Stage 3 | Total Retail | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3,036 | 2,889 |
Stage 3 | Total Retail | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 672 | 683 |
Stage 3 | UK retail mortgages | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,924 | 1,859 |
Stage 3 | UK retail mortgages | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | UK retail mortgages | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | UK retail mortgages | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | UK retail mortgages | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | UK retail mortgages | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,924 | 1,859 |
Stage 3 | UK retail mortgages | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 175 | 191 |
Stage 3 | UK retail mortgages | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | UK retail mortgages | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | UK retail mortgages | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | UK retail mortgages | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | UK retail mortgages | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 175 | 191 |
Stage 3 | Retail - credit cards | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 323 | 340 |
Stage 3 | Retail - credit cards | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - credit cards | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - credit cards | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - credit cards | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - credit cards | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 323 | 340 |
Stage 3 | Retail - credit cards | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 140 | 153 |
Stage 3 | Retail - credit cards | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - credit cards | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - credit cards | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - credit cards | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - credit cards | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 140 | 153 |
Stage 3 | Retail - loans and overdrafts | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 312 | 307 |
Stage 3 | Retail - loans and overdrafts | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - loans and overdrafts | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - loans and overdrafts | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - loans and overdrafts | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - loans and overdrafts | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 312 | 307 |
Stage 3 | Retail - loans and overdrafts | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 151 | 147 |
Stage 3 | Retail - loans and overdrafts | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - loans and overdrafts | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - loans and overdrafts | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - loans and overdrafts | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - loans and overdrafts | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 151 | 147 |
Stage 3 | Retail - UK Motor Finance | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 233 | 199 |
Stage 3 | Retail - UK Motor Finance | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - UK Motor Finance | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - UK Motor Finance | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - UK Motor Finance | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - UK Motor Finance | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 233 | 199 |
Stage 3 | Retail - UK Motor Finance | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 152 | 133 |
Stage 3 | Retail - UK Motor Finance | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - UK Motor Finance | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - UK Motor Finance | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - UK Motor Finance | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - UK Motor Finance | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 152 | 133 |
Stage 3 | Retail - other | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 244 | 184 |
Stage 3 | Retail - other | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - other | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - other | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - other | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - other | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 244 | 184 |
Stage 3 | Retail - other | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 54 | 59 |
Stage 3 | Retail - other | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - other | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - other | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - other | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Retail - other | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 54 | 59 |
Stage 3 | Commercial Banking | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3,078 | 3,524 |
Stage 3 | Commercial Banking | Drawn exposures | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Commercial Banking | Drawn exposures | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Commercial Banking | Drawn exposures | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Commercial Banking | Drawn exposures | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Commercial Banking | Drawn exposures | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3,078 | 3,524 |
Stage 3 | Commercial Banking | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Loans and advances to customers | 987 | 1,282 |
Stage 3 | Commercial Banking | Expected credit loss allowance | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Commercial Banking | Expected credit loss allowance | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Commercial Banking | Expected credit loss allowance | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Commercial Banking | Expected credit loss allowance | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Commercial Banking | Expected credit loss allowance | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 987 | 1,282 |
Stage 3 | Other | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 70 | 77 |
Stage 3 | Other | Drawn exposures | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Other | Drawn exposures | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Other | Drawn exposures | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Other | Drawn exposures | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Other | Drawn exposures | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 10 |
Stage 3 | Other | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Other | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Other | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Other | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Other | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 70 | 67 |
Stage 3 | Other | Drawn exposures | RMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 70 | 67 |
Stage 3 | Other | Drawn exposures | CMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 10 |
Stage 3 | Other | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 16 | 17 |
Stage 3 | Other | Expected credit loss allowance | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Other | Expected credit loss allowance | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Other | Expected credit loss allowance | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Other | Expected credit loss allowance | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Other | Expected credit loss allowance | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Other | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Other | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Other | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Other | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Other | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 16 | 17 |
Stage 3 | Other | Expected credit loss allowance | RMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 16 | 17 |
Stage 3 | Other | Expected credit loss allowance | CMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Central overlay | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Central overlay | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Loans and advances to customers | 11,886 | 12,511 |
POCI | Drawn exposures | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
POCI | Drawn exposures | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
POCI | Drawn exposures | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
POCI | Drawn exposures | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
POCI | Drawn exposures | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
POCI | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 190 | 261 |
POCI | Expected credit loss allowance | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
POCI | Expected credit loss allowance | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
POCI | Expected credit loss allowance | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
POCI | Expected credit loss allowance | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
POCI | Expected credit loss allowance | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
POCI | Total Retail | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 11,886 | 12,511 |
POCI | Total Retail | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 190 | 261 |
POCI | UK retail mortgages | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 11,886 | 12,511 |
POCI | UK retail mortgages | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | UK retail mortgages | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | UK retail mortgages | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | UK retail mortgages | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | UK retail mortgages | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 11,886 | 12,511 |
POCI | UK retail mortgages | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 190 | 261 |
POCI | UK retail mortgages | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | UK retail mortgages | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | UK retail mortgages | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | UK retail mortgages | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | UK retail mortgages | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 190 | 261 |
POCI | Retail - credit cards | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - credit cards | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - credit cards | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - credit cards | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - credit cards | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - credit cards | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - credit cards | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - credit cards | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - credit cards | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - credit cards | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - credit cards | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - credit cards | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - loans and overdrafts | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - loans and overdrafts | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - loans and overdrafts | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - loans and overdrafts | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - loans and overdrafts | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - loans and overdrafts | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - loans and overdrafts | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - loans and overdrafts | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - loans and overdrafts | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - loans and overdrafts | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - loans and overdrafts | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - loans and overdrafts | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - UK Motor Finance | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - UK Motor Finance | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - UK Motor Finance | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - UK Motor Finance | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - UK Motor Finance | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - UK Motor Finance | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - UK Motor Finance | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - UK Motor Finance | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - UK Motor Finance | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - UK Motor Finance | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - UK Motor Finance | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - UK Motor Finance | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - other | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - other | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - other | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - other | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - other | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - other | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - other | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - other | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - other | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - other | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - other | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Retail - other | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Commercial Banking | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Commercial Banking | Drawn exposures | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Commercial Banking | Drawn exposures | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Commercial Banking | Drawn exposures | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Commercial Banking | Drawn exposures | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Commercial Banking | Drawn exposures | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Commercial Banking | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Loans and advances to customers | 0 | 0 |
POCI | Commercial Banking | Expected credit loss allowance | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Commercial Banking | Expected credit loss allowance | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Commercial Banking | Expected credit loss allowance | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Commercial Banking | Expected credit loss allowance | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Commercial Banking | Expected credit loss allowance | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Drawn exposures | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Drawn exposures | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Drawn exposures | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Drawn exposures | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Drawn exposures | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Drawn exposures | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Drawn exposures | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Drawn exposures | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Drawn exposures | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Drawn exposures | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Drawn exposures | RMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Drawn exposures | CMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Expected credit loss allowance | CMS 1-10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Expected credit loss allowance | CMS 11-14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Expected credit loss allowance | CMS 15-18 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Expected credit loss allowance | CMS 19 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Expected credit loss allowance | CMS 20-23 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Expected credit loss allowance | RMS 1-6 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Expected credit loss allowance | RMS 7-9 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Expected credit loss allowance | RMS 10 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Expected credit loss allowance | RMS 11-13 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Expected credit loss allowance | RMS 14 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Expected credit loss allowance | RMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Other | Expected credit loss allowance | CMS | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Central overlay | Drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Central overlay | Expected credit loss allowance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | £ 0 | £ 0 |
Dividends on ordinary shares -
Dividends on ordinary shares - Narrative (Details) - GBP (£) £ / shares in Units, £ in Millions | May 25, 2021 | Jun. 30, 2021 | Dec. 31, 2020 |
DIVIDENDS ON ORDINARY SHARES (Details) [Line Items] | |||
Total dividends paid | £ 0 | ||
Interim dividend | |||
DIVIDENDS ON ORDINARY SHARES (Details) [Line Items] | |||
Dividends proposed or declared before financial statements authorised for issue (in GBP per share) | £ 0.0067 | ||
Dividends proposed or declared before financial statements authorised for issue | £ 473 | ||
Final dividend | |||
DIVIDENDS ON ORDINARY SHARES (Details) [Line Items] | |||
Total dividends paid | £ 404 | ||
Dividend per share (GBP per share) | £ 0.0057 |