Lloyds Bank (LLOY) 6-K 31 Jul 20 2020 Q2 Current report (foreign) Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Jun. 30, 2020
Document and Entity Information [Abstract]
Entity Registrant Name	LLOYDS BANK plc
Entity Central Index Key	0001167831
Document Type	6-K
Document Period End Date	Jun. 30, 2020
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2

CONSOLIDATED INCOME STATEMENT

CONSOLIDATED INCOME STATEMENT - GBP (£) £ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
CONSOLIDATED INCOME STATEMENT
Interest and similar income	£ 7,295	£ 8,016
Interest and similar expense	(1,681)	(1,948)
Net interest income	5,614	6,068
Fee and commission income	954	1,193
Fee and commission expense	(421)	(531)
Net fee and commission income	533	662
Net trading income	368	296
Other operating income	1,251	1,588
Other income	2,152	2,546
Total income	7,766	8,614
Regulatory provisions	(158)	(118)
Other operating expenses	(4,273)	(4,551)
Total operating expenses	(4,431)	(4,669)
Trading surplus	3,335	3,945
Impairment	(3,625)	(589)
(Loss) profit before tax	(290)	3,356
Tax credit (expense)	594	(763)
Profit for the period	304	2,593
Profit attributable to ordinary shareholders	86	2,433
Profit attributable to other equity holders	204	139
Profit attributable to equity holders	290	2,572
Profit attributable to non-controlling interests	£ 14	£ 21

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - GBP (£) £ in Millions	6 Months Ended
	Jun. 30, 2020		Jun. 30, 2019
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Profit for the period	£ 304		£ 2,593
Post-retirement defined benefit scheme remeasurements:
Remeasurements before tax	668		(173)
Tax	(154)		44
Remeasurements after tax	514		(129)
Movements in revaluation reserve in respect of equity shares held at fair value through other comprehensive income:
Tax			12
Fair value, net of tax			12
Gains and losses attributable to own credit risk:
Gains and (losses) before tax	(3)		(303)
Tax	1		82
Gains and (losses) net of tax	(2)		(221)
Movements in revaluation reserve in respect of debt securities held at fair value through other comprehensive income:
Change in fair value	(16)		(55)
Income statement transfers in respect of disposals	(137)		(177)
Impairment recognised in the income statement	6
Tax	41		69
Other comprehensive income, net of tax, financial assets measured at fair value through other comprehensive income	(106)		(163)
Movement in cash flow hedging reserve:
Effective portion of changes in fair value	682		1,078
Net income statement transfers	(480)		(231)
Tax	(91)		(228)
Cash flow hedging reserve	111		619
Currency translation differences (tax: nil)			(5)
Total Other comprehensive income for the period, net of tax	517		113
Total comprehensive income for the period	821	[1]	2,706
Total comprehensive income attributable to other equity holders	603		2,546
Total comprehensive income attributable to equity holders	204		139
Total comprehensive income attributable to equity holders	807		2,685
Total comprehensive income attributable to non-controlling interests	£ 14		£ 21
[1]	Total comprehensive income attributable to owners of the parent for the half-year to 30 June 2020 was £807 million (half-year to 30 June 2019: £2,685 million; half-year to 31 December 2019: a deficit of £1,015 million).

CONSOLIDATED STATEMENT OF COM_2

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Parenthetical) - GBP (£) £ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Tax	£ 0	£ 0	£ 0

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - GBP (£) £ in Millions	Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and balances at central banks	£ 50,975	£ 38,880
Items in course of collection from banks	321	292
Financial assets at fair value through profit or loss	2,386	2,284
Derivative financial instruments	10,790	8,494
At amortised cost:
Loans and advances to banks	7,070	4,852
Loans and advances to customers	481,235	474,470
Debt securities	5,213	5,325
Due from fellow Lloyds Banking Group undertakings	925	1,854
Total financial assets at amortised cost	494,443	486,501
Financial assets at fair value through other comprehensive income	26,823	24,617
Goodwill	474	474
Other intangible assets	3,960	3,781
Property, plant and equipment	8,779	9,467
Current tax recoverable	908	4
Deferred tax assets	3,357	3,366
Retirement benefit assets	2,241	681
Other assets	2,187	2,527
Total assets	607,644	581,368
Liabilities
Deposits from banks	26,645	23,593
Customer deposits	427,591	396,839
Due to fellow Lloyds Banking Group undertakings	6,502	4,893
Items in course of transmission to banks	304	354
Financial liabilities at fair value through profit or loss	9,102	7,702
Derivative financial instruments	9,254	9,831
Notes in circulation	1,256	1,079
Debt securities in issue	66,156	76,431
Other liabilities	5,520	5,600
Retirement benefit obligations	271	257
Current tax liabilities	24	166
Other provisions	2,249	3,138
Subordinated liabilities	12,125	12,586
Total liabilities	566,999	542,469
Equity
Share capital	1,574	1,574
Share premium account	600	600
Other reserves	7,255	7,250
Retained profits	25,206	24,549
Shareholders' equity	34,635	33,973
Other equity instruments	5,935	4,865
Total equity excluding non-controlling interests	40,570	38,838
Non-controlling interests	75	61
Total equity	40,645	38,899
Total equity and liabilities	£ 607,644	£ 581,368

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - GBP (£) £ in Millions		Share capital and premium	Other reserves	Retained earnings	Equity attributable to owners of parent	Other equity instruments	Non-controlling interests	Total
Beginning Balance at Dec. 31, 2018		£ 2,174	£ 6,965	£ 27,321	£ 36,460	£ 3,217	£ 73	£ 39,750
Comprehensive income
Profit for the period				2,433	2,433	139	21	2,593
Post-retirement defined benefit scheme remeasurements, net of tax				(129)	(129)			(129)
Movements in revaluation reserve in respect of financial assets held at fair value through other comprehensive income, net of tax - debt securities			(163)		(163)			(163)
Movements in revaluation reserve in respect of financial assets held at fair value through other comprehensive income, net of tax - equity shares			12		12			12
Gains and losses attributable to own credit risk, net of tax				(221)	(221)			(221)
Movements in cash flow hedging reserve, net of tax			619		619			619
Currency translation differences (tax: nil)			(5)		(5)			(5)
Total Other comprehensive income for the period, net of tax			463	(350)	113			113
Total comprehensive income			463	2,083	2,546	139	21	2,706
Transactions with owners
Dividends				(2,100)	(2,100)			(2,100)
Distributions on other equity instruments, net of tax						(139)		(139)
Capital contributions received				123	123			123
Return of capital contributions				(3)	(3)			(3)
Changes in non-controlling interests							(14)	(14)
Total transactions with owners				(1,980)	(1,980)	(139)	(14)	(2,133)
Realised gains and losses on equity shares held at fair value through other comprehensive income			(12)	12
Ending Balance at Jun. 30, 2019		2,174	7,416	27,436	37,026	3,217	80	40,323
Comprehensive income
Profit for the period				82	82	142	19	243
Post-retirement defined benefit scheme remeasurements, net of tax				(988)	(988)			(988)
Movements in revaluation reserve in respect of financial assets held at fair value through other comprehensive income, net of tax - debt securities			4		4			4
Gains and losses attributable to own credit risk, net of tax				(85)	(85)			(85)
Movements in cash flow hedging reserve, net of tax			(173)		(173)			(173)
Currency translation differences (tax: nil)			3		3			3
Total Other comprehensive income for the period, net of tax			(166)	(1,073)	(1,239)			(1,239)
Total comprehensive income			(166)	(991)	(1,157)	142	19	(996)
Transactions with owners
Dividends				(2,000)	(2,000)		(38)	(2,038)
Distributions on other equity instruments, net of tax						(142)		(142)
Issue of other equity instruments						1,648		1,648
Capital contributions received				106	106			106
Return of capital contributions				(2)	(2)			(2)
Total transactions with owners				(1,896)	(1,896)	1,506	(38)	(428)
Ending Balance at Dec. 31, 2019		2,174	7,250	24,549	33,973	4,865	61	38,899
Comprehensive income
Profit for the period				86	86	204	14	304
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			(106)		(106)			(106)
Gains and losses attributable to own credit risk, net of tax				(2)	(2)			(2)
Movements in cash flow hedging reserve, net of tax			111		111			111
Total Other comprehensive income for the period, net of tax			5	512	517			517
Total comprehensive income	[1]		5	598	603	204	14	821
Transactions with owners
Distributions on other equity instruments, net of tax						(204)		(204)
Issue of other equity instruments						1,070		1,070
Capital contributions received				61	61			61
Return of capital contributions				(2)	(2)			(2)
Total transactions with owners				59	59	866		925
Ending Balance at Jun. 30, 2020		£ 2,174	£ 7,255	£ 25,206	£ 34,635	£ 5,935	£ 75	£ 40,645
[1]	Total comprehensive income attributable to owners of the parent for the half-year to 30 June 2020 was £807 million (half-year to 30 June 2019: £2,685 million; half-year to 31 December 2019: a deficit of £1,015 million).

CONSOLIDATED STATEMENT OF CHA_2

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Parenthetical) - GBP (£) £ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY [Abstract]
Tax	£ 0	£ 0	£ 0
Total comprehensive income attributable to owners of the parent	£ 807	£ (1,015)	£ 2,685

CONSOLIDATED CASH FLOW STATEMEN

CONSOLIDATED CASH FLOW STATEMENT - GBP (£) £ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
CONSOLIDATED CASH FLOW STATEMENT
(Loss) profit before tax	£ (290)	£ 3,356
Adjustments for:
Change in operating assets	(11,743)	7,666
Change in operating liabilities	23,967	(390)
Non-cash and other items	3,221	(391)
Tax paid	(648)	(475)
Net cash provided by operating activities	14,507	9,766
Cash flows from investing activities
Purchase of financial assets	(7,029)	(8,250)
Proceeds from sale and maturity of financial assets	5,132	6,159
Purchase of fixed assets	(1,301)	(1,819)
Proceeds from sale of fixed assets	413	601
Disposal of businesses, net of cash disposed		107
Net cash used in investing activities	(2,785)	(3,202)
Cash flows from financing activities
Dividends paid to ordinary shareholders		(2,100)
Distributions on other equity instruments	(204)	(139)
Return of capital contribution	(2)	(3)
Interest paid on subordinated liabilities	(514)	(530)
Proceeds from issue of other equity instruments to parent company	1,070
Proceeds from issue of subordinated liabilities	281
Repayment of subordinated liabilities	(1,769)	(512)
Borrowings from parent company	2,270	2,211
Repayments to parent company	(136)	(2,964)
Interest paid on borrowing from parent company	(103)	(383)
Net cash provided by (used in) financing activities	893	(4,420)
Effects of exchange rate changes on cash and cash equivalents	2
Change in cash and cash equivalents	12,617	2,144
Cash and cash equivalents at beginning of period	38,614	39,723
Cash and cash equivalents at end of period	£ 51,231	£ 41,867

Accounting policies, presentati

Accounting policies, presentation and estimates	6 Months Ended
	Jun. 30, 2020
Accounting policies, presentation and estimates
Accounting policies, presentation and estimates	NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1. Accounting policies, presentation and estimates These condensed consolidated half-year financial statements as at and for the period to 30 June 2020 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 and comprise the results of Lloyds Bank plc (the Bank) 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 2019 which were prepared in accordance with International Financial Reporting Standards (IFRS). Copies of the 2019 Annual Report on Form 20-F are available on the Lloyds Banking Group’s website. 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 considered the implications of the COVID-19 pandemic upon the Group’s performance and projected funding and capital position and also taken into account the impact of further stress scenarios. On this basis, the directors are satisfied that the Group will maintain adequate levels of funding and capital for the foreseeable future. The accounting policies are consistent with those applied by the Group in its 2019 Annual Report on Form 20- F. Future accounting developments The IASB has issued a number of minor amendments to IFRSs effective 1 January 2021 and 1 January 2022 (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. Critical accounting estimates and judgements 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 2019, except as detailed below. Allowance for impairment losses At 30 June 2020 the Group’s expected credit loss allowance (ECL) was £6,220 million (31 December 2019: £3,380 million), of which £5,758 million (31 December 2019: £3,207 million) was in respect of drawn balances. The calculation of the Group's ECL allowances and its provisions against loan commitments and guarantees under IFRS 9 requires the Group to make a number of judgements, assumptions and estimates. Forward-looking information The measurement of expected credit losses is required to reflect an unbiased probability-weighted range of possible future outcomes. In order to do this, the Group has developed an economic model to project a wide range of key impairment drivers using information derived mainly from external sources. These drivers include factors such as the unemployment rate, the house price index, commercial property prices and corporate credit spreads. The model-generated economic scenarios for the six years beyond 2020 are mapped to industry-wide historical loss data by portfolio. Combined losses across portfolios are used to rank the scenarios by severity of loss. Alongside a defined central economic scenario, reflecting the Group’s base case assumptions used for medium-term planning purposes, three further economic scenarios are generated to represent the range of future outcomes. The upside, downside and severe downside scenarios are produced by averaging across a group of constituent scenarios around the 15th, 75th and 95th percentiles of the estimated loss distribution around the central case, with the central case expected to lie in the vicinity of the 45th percentile. These locations correspond to scenario weightings that allow for the inclusion of a relatively unlikely severe downside scenario associated with relatively large credit losses. At 31 December 2019 and 30 June 2020, the base case, upside and downside scenarios each carry a 30 per cent weighting, while the severe downside scenario is weighted at 10 per cent. The weights reflect the location of the economic scenarios on the estimated loss distribution. Following review of the severe downside scenario generated by the modelled approach described above, a judgement was made to increase the severity of GDP and unemployment dispersion from the base case. Whilst the modelled approach gives an unbiased method of creating a loss distribution, it is built on historic experience that does not yet fully capture the unprecedented complexities of the current economic environment and the risk of inflated near-term shocks. The impact of this change has been reflected as a central overlay to reflect the incremental ECL estimated outside the core ECL calculation process. The following economic assumptions include both the modelled severe scenario – used in portfolio level ECL and staging assessment, and the adjusted severe downside - used to generate the final ECL through a central overlay in recognition of more adverse economic outcomes. The key UK economic assumptions made by the Group are shown below. Compounded growth rates have been calculated on a geometric average basis, they were previously calculated on an arithmetic average basis: Impact of economic assumptions Modelled Adjusted Base case Upside Downside severe severe % % % % % At 30 June 2020 GDP 0.4 0.8 0.3 (0.4) (0.8) Interest rate 0.15 1.06 0.16 0.03 0.03 Unemployment rate 6.0 5.5 7.1 8.1 8.8 House price growth 0.4 4.7 (4.8) (9.6) (9.6) Commercial real estate price growth (0.6) 2.7 (3.5) (8.0) (8.0) At 31 December 2019 GDP 1.4 1.7 1.2 0.5 n/a Interest rate 1.25 2.04 0.49 0.11 n/a Unemployment rate 4.3 3.9 5.8 7.2 n/a House price growth 1.0 4.8 (3.2) (7.7) n/a Commercial real estate price growth 1.8 (3.8) (7.1) n/a The five year averages shown do not demonstrate the extent of peaks and troughs in the stated assumptions over the period. The tables below illustrate the variability of the assumptions from the start of the scenario period to the peak and trough. Economic assumptions – start to peak Modelled Adjusted Base case Upside Downside severe severe % % % % % At 30 June 2020 GDP 1.9 4.0 1.7 (1.8) (2.0) Interest rate 0.25 1.50 0.21 0.10 0.10 Unemployment rate 9.0 8.6 9.2 9.7 12.5 House price growth 2.1 25.8 0.4 0.4 0.4 Commercial real estate price growth (2.7) 14.8 (2.7) (2.7) (2.7) At 31 December 2019 GDP 7.0 8.6 6.2 2.7 n/a Interest rate 1.75 2.56 0.75 0.75 n/a Unemployment rate 4.6 4.6 6.9 8.3 n/a House price growth 5.2 26.3 (1.9) (2.3) n/a Commercial real estate price growth 0.1 10.4 (0.6) (1.1) n/a Economic assumptions – start to trough Modelled Adjusted Base case Upside Downside severe severe % % % % % At 30 June 2020 GDP (19.7) (19.5) (19.8) (20.2) (26.1) Interest rate 0.10 0.10 0.08 0.01 0.01 Unemployment rate 3.9 3.9 3.9 3.9 3.9 House price growth (6.1) (3.8) (21.6) (39.7) (39.7) Commercial real estate price growth (20.0) (11.5) (27.2) (42.3) (42.3) At 31 December 2019 GDP 0.4 0.7 0.2 (2.7) n/a Interest rate 0.75 0.75 0.35 0.01 n/a Unemployment rate 3.8 3.4 3.9 3.9 n/a House price growth (2.7) (0.8) (14.8) (33.1) n/a Commercial real estate price growth (0.9) 0.3 (17.5) (30.9) n/a The Group’s base case economic scenario has been materially revised in light of the impact of the COVID-19 pandemic in the UK and globally. The estimated impacts reflect judgments on the net effect of restrictions on economic activity unprecedented in peacetime, large-scale and previously untried government interventions, and lasting behavioural changes by households and businesses. Although the UK economy has begun to recover as restrictions are eased, there is considerable uncertainty about the pace and eventual extent of the recovery. The Group’s base case assumptions reflect an expectation of some enduring scarring as the economy works through the sharp contraction in economic activity in 2020. Consistent with this, and despite the support provided by the UK Government’s Coronavirus Job Retention Scheme and other income and lending assistance, the base case outlook entails a rise in the unemployment rate and weakness in residential and commercial property prices. The Group considers that risks to its base case economic view lie in both directions, reflecting both epidemiological and other developments, including vis-à-vis the UK’s transition to new trading arrangements with the European Union. Scenarios by year 2020-22 % % % % Base Case GDP (10.0) 6.0 3.0 (1.8) Interest rate 0.10 0.10 0.10 0.10 Unemployment rate 7.2 7.0 5.7 6.7 House price growth (6.0) (0.1) 2.9 (3.3) Commercial real estate price growth (20.0) 10.0 4.0 (8.5) Upside GDP (9.5) 7.5 3.1 0.3 Interest rate 0.21 1.15 1.42 0.92 Unemployment rate 7.1 6.2 4.9 6.1 House price growth (3.7) 5.0 9.0 10.2 Commercial real estate price growth (8.4) 18.6 3.4 12.4 Downside GDP (10.2) 5.8 3.1 (2.0) Interest rate 0.09 0.12 0.19 0.13 Unemployment rate 7.3 7.7 6.8 7.3 House price growth (8.0) (6.1) (4.5) (17.5) Commercial real estate price growth (27.2) 4.0 2.9 (22.1) Severe downside - Modelled GDP (10.9) 3.0 2.2 (6.2) Interest rate 0.06 0.01 0.02 0.03 Unemployment rate 7.5 8.9 8.4 8.3 House price growth (9.5) (11.5) (11.7) (29.2) Commercial real estate price growth (36.2) (7.8) (1.4) (41.9) Severe downside - Adjusted GDP (17.2) 4.1 5.2 (9.4) Interest rate 0.06 0.01 0.02 0.03 Unemployment rate 8.0 11.6 9.2 9.6 House price growth (9.5) (11.5) (11.7) (29.2) Commercial real estate price growth (36.2) (7.8) (1.4) (41.9) Base Case Scenario by Quarter 2020 2020 2020 2021 2021 2021 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 % % % % % % % % Base Case GDP (1.6) (19.3) (10.9) (8.1) (4.7) 18.1 7.7 5.1 Interest rate 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 Unemployment rate 3.9 7.5 8.5 9.0 8.0 7.4 6.6 6.2 House price growth 2.8 0.9 (2.4) (6.0) (6.3) (4.0) (1.1) (0.1) Commercial real estate price growth (5.0) (12.3) (19.9) (20.0) (14.4) (3.7) 7.7 10.0 Impact of multiple economic scenarios The following table shows the extent to which a higher ECL allowance has been recognised to take account of forward-looking information from the weighted multiple economic scenarios (MES). The Group’s probability-weighted ECL allowance continues to reflect a 30 per cent weighting of base case, upside and downside and a 10 per cent weighting of adjusted severe downside. The majority of post-model adjustments and all individually assessed provisions, although assessed on a range of multiple case specific outcomes, are reported flat under each economic scenario. At 30 June 2020 the impact of MES was an increase of £506 million to the base case (31 December 2019: £191 million). Probability- Severe weighted Upside Base case Downside downside £m £m £m £m £m UK Mortgages 1,111 773 929 1,264 2,214 Other Retail 2,404 2,208 2,383 2,510 2,741 Commercial Banking 2,479 2,157 2,376 2,661 3,208 Other 226 26 26 27 2,027 At 30 June 2020 6,220 5,164 5,714 6,462 10,190 UK Mortgages 569 317 464 653 1,389 Other Retail 1,521 1,443 1,492 1,564 1,712 Commercial Banking 1,224 1,124 1,167 1,289 1,496 Other 66 66 66 66 66 At 31 December 2019 3,380 2,950 3,189 3,572 4,663 Sensitivity of ECL to key economic variables The table below shows the impact on the Group’s ECL resulting from a decrease/increase in loss given default for a 10 percentage point (pp) increase/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 2020 At 31 December 2019 10pp increase in HPI 10 pp decrease in HPI 10pp increase in HPI 10 pp decrease in HPI ECL impact, £m (149) 185 (110) 147 The table below shows the impact on the Group’s ECL resulting from a decrease/increase for a 1 percentage point (pp) increase/decrease in the UK unemployment rate. The increase/decrease is presented based on the adjustment phased evenly over the first ten quarters of the base case scenario. At 30 June 2020 At 31 December 2019 1pp increase in unemployment 1pp decrease in unemployment 1pp increase in unemployment 1 pp decrease in unemployment ECL impact, £m 294 (276) 141 (143) Post-model adjustments Limitations in the Group’s impairment models or input data may be identified through the on-going 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 the overall provision adequately reflects all material risks. These adjustments are generally determined taking into account the particular attributes of the exposure which have not been adequately captured by the primary impairment models. At 30 June 2020 the incorporation of the changes in the economic outlook required an additional £636 million of post model adjustments; other adjustments increased to £377 million from £161 million at 31 December 2019. Economic outlook Other Modelled post-model post-model ECL adjustments adjustments Total ECL £m £m £m £m UK Mortgages 803 50 258 1,111 Other Retail 2,008 358 38 2,404 Commercial Banking 2,370 28 81 2,479 Other 26 200 − 226 At 30 June 2020 5,207 636 377 6,220 At 31 December 2019 3,219 − 161 3,380 Post-model adjustments amounting to £636 million have been made to incorporate aspects of the updated economic outlook that have not been adequately captured by the models including adjustments to losses given default. The adjusted severe downside scenario has also been incorporated using a post model adjustment. At 30 June 2020, other post-model adjustments amounted to £377 million of which £258 million relates to UK Mortgages. This comprises increases for the additional end of term risk on interest-only mortgages of £171 million (31 December 2019: £132 million); accounts in long-term default of £34 million (31 December 2019: £33 million); additional risk on forborne accounts, £21 million, and adjustments to possession rate levels, £32 million. In Other Retail post-model adjustments reflect the extension of modelled lifetime on revolving products of £38 million (31 December 2019: £36 million). All post-model adjustments are reviewed at least half-yearly and are subject to strict internal governance and controls. Significant increase in credit risk An assessment of whether credit risk has increased significantly since initial recognition considers the change in the risk of default occurring over the remaining expected life of the financial instrument. In determining whether there has been a significant increase in credit risk, the Group uses quantitative tests based on relative and absolute probability of default movements linked to internal credit ratings together with qualitative indicators such as watchlists and other indicators of historical delinquency, credit weakness or financial difficulty. These quantitative tests are carried out on both observed and forward-looking probabilities of default (PDs) to determine whether a customer has triggered the required deterioration appropriate for their PD at origination. For each major product grouping, models have been developed which utilise historical credit loss data to produce probabilities of default for each scenario; and it is the overall weighted-average forward-looking PD that is used to assist in determining the staging of financial assets. There have been no changes to the quantitative or qualitative triggers used at 30 June 2020. The Group considers these to continue to perform adequately under the current economic conditions and notably with the widespread use of payment holidays. The use of a payment holiday in itself has not been judged to indicate a significant increase in credit risk, with the underlying long-term credit risk deemed to be driven by economic conditions and captured through the use of forward-looking models. These portfolio level models are capturing the anticipated volume of increased defaults and therefore an appropriate assessment of staging and expected credit loss. Definition of default The probability of default (PD) of an exposure, both over a 12 month period and over its lifetime, is a key input to the measurement of the ECL allowance. Default has occurred when there is evidence that the customer is experiencing significant financial difficulty which is likely to affect the ability to repay amounts due. The Group uses a 90 day past due backstop for all of its products except for UK mortgages where a backstop of 180 days past due is in place. The use of payment holidays is not considered to be an automatic trigger of regulatory default and therefore does not automatically trigger Stage 3. Days past due will also not accumulate on any accounts that have taken a payment holiday including those already past due. Loss given default The calculation of the ECL allowance also requires an estimate to be made of the loss that would be incurred in the event of a default. The loss given default (LGD) is based on market recovery rates and internal credit assessments. The LGD for customers utilising government funding schemes incorporates an appropriate level of recovery dependent upon the individual scheme and corresponding level of guarantee being used. The use of forecast collateral value indices in determining LGDs continues to be effective despite the temporarily low volumes of transactions upon which those indices are based. Financial instrument valuations The Group categorises financial instruments carried on the balance sheet at fair value using a three level hierarchy. Financial instruments categorised as level 1 are valued using quoted market prices and therefore minimal estimates are made in determining fair value. The fair value of financial instruments categorised as level 2 and, in particular, level 3 is determined using valuation techniques which involve management judgement and estimates the extent of which depends on the complexity of the instrument and the availability of market observable information. The pandemic has had a significant impact on the fair values of the financial assets and financial liabilities, particularly those that are valued with reference to unobservable interest rate spreads and interest rate volatility, including the funding valuation adjustment on its uncollateralised derivatives. Further details on the valuation of level 3 assets and liabilities, including significant unobservable inputs used in the valuation models, together with the effects of reasonably possible alternative assumptions, are given in note 14.

Segmental analysis

Segmental analysis	6 Months Ended
	Jun. 30, 2020
Segmental analysis
Segmental analysis	2. Segmental analysis The Group provides a wide range of banking and financial services in the UK and in certain locations overseas. The Group Executive Committee (GEC) of Lloyds Bank plc has been determined to be the chief operating decision maker for the Group. The Group’s activities are organised into two financial reporting segments: Retail and Commercial Banking. During the half-year to 30 June 2020, the Group migrated certain customer relationships from the SME business within Commercial Banking to Business Banking within Retail; the Group has also revised its approach to internal funding charges, including the adoption of the Sterling Overnight Index Average (SONIA) interest rate benchmark in place of LIBOR. Comparatives have been restated accordingly. There has been no change to the Group’s segmental accounting for internal segment services or derivatives entered into by units for risk management purposes since 31 December 2019. Commercial Retail Banking Other Total Half-year to 30 June 2020 £m £m £m £m Net interest income 4,202 1,180 232 5,614 Other income 927 300 925 2,152 Total income 5,129 1,480 1,157 7,766 Costs (2,879) (827) (725) (4,431) Trading surplus 2,250 653 432 3,335 Impairment (2,095) (1,328) (202) (3,625) Profit (loss) before tax 155 (675) 230 (290) External income 5,951 1,223 592 7,766 Intersegment income (822) 257 565 − Total income 5,129 1,480 1,157 7,766 Total external assets 349,485 91,247 166,912 607,644 Total external liabilities 278,950 134,638 153,411 566,999 Commercial Retail Banking Other Total Half-year to 30 June 2019 1 £m £m £m £m Net interest income 4,520 1,371 177 6,068 Other income 1,012 459 1,075 2,546 Total income 5,532 1,830 1,252 8,614 Costs (2,915) (923) (831) (4,669) Trading surplus 2,617 907 421 3,945 Impairment (556) (64) 31 (589) Profit before tax 2,061 843 452 3,356 External income 6,456 1,375 783 8,614 Intersegment income (924) 455 469 − Total income 5,532 1,830 1,252 8,614 Total external assets 347,221 98,596 147,102 592,919 Total external liabilities 260,394 127,691 164,511 552,596 1 Restated, see page 25.

Net fee and commission income

Net fee and commission income	6 Months Ended
	Jun. 30, 2020
Net fee and commission income
Net fee and commission income	3. Net fee and commission income Half-year to Half-year to 30 June 30 June £m £m Fee and commission income: Current accounts 305 322 Credit and debit card fees 344 460 Commercial banking and treasury fees 72 80 Private banking and asset management − 37 Factoring 42 53 Other 191 241 Total fee and commission income 954 1,193 Fee and commission expense (421) (531) Net fee and commission income 533 662 Current account and credit and debit card fees principally arise in Retail, and commercial banking, treasury and factoring fees arise in Commercial Banking.

Operating expenses

Operating expenses	6 Months Ended
	Jun. 30, 2020
Operating expenses
Operating expenses	4. Operating expenses Half-year to Half-year to 30 June 30 June £m £m Administrative expenses: Staff costs 1,773 2,043 Premises and equipment 225 221 Other expenses 901 1,015 2,899 3,279 Depreciation and amortisation 1,374 1,272 Total operating expenses, excluding regulatory provisions 4,273 4,551 Regulatory provisions (note 12): Payment protection insurance provision — — Other regulatory provisions 158 118 158 118 Total operating expenses 4,431 4,669

Impairment

Impairment	6 Months Ended
	Jun. 30, 2020
Impairment.
Impairment	5. Impairment Half-year to Half-year to 30 June 30 June £m £m Impact of transfers between stages 1,236 379 Other changes in credit quality 1,952 220 Additions (repayments) 181 (56) Methodology, model and assumption changes 56 45 Other items 200 1 2,389 Total impairment charge 3,625 In respect of: Loans and advances to banks 14 — Loans and advances to customers 3,314 610 Debt securities 1 — Due from fellow Lloyds Banking Group undertakings 1 (1) Financial assets at amortised cost 3,330 609 Other assets – — Impairment charge on drawn balances 3,330 609 Loan commitments and financial guarantees 289 (20) Financial assets at fair value through other comprehensive income 6 — Total impairment charge 3,625 589 The impairment charge includes £21 million (half-year to 30 June 2019: £90 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 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 as a result of repayments of outstanding balances. Methodology, model and assumption 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 In the half-year to 30 June 2020 this includes a central adjustment of £200 million to reflect the adjusted severe downside economic scenario (note 1).

Taxation

Taxation	6 Months Ended
	Jun. 30, 2020
Taxation
Taxation	6. Taxation In accordance with IAS 34, the Group’s income tax expense for the half-year to 30 June 2020 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 Half-year to 30 June 30 June £m £m (Loss) profit before tax (290) 3,356 Tax thereon at UK corporation tax rate of 19 per cent (2019: 19 per cent) 55 (638) Impact of surcharge on banking profits 17 (241) Non-deductible costs: conduct charges (11) (15) Other non-deductible costs (38) (17) Non-taxable income 53 32 Tax relief on coupons on other equity instruments 39 26 Tax exempt gains on disposals – 3 Tax losses where no deferred tax recognised (5) (3) Remeasurement of deferred tax due to rate changes 440 (2) Differences in overseas tax rates 10 (8) Adjustments in respect of prior years 34 100 Tax credit (expense) 594 (763) On 29 October 2018 the UK Government announced its intention to restrict the use of capital tax losses to 50 per cent of any future gains that arise. This restriction was substantively enacted on 2 July 2020 and will reduce the Group’s net deferred tax asset by £14 million in the second half of the year, to be recognised within other comprehensive income.

Financial assets at fair value

Financial assets at fair value through profit or loss	6 Months Ended
	Jun. 30, 2020
Financial assets at fair value through profit or loss
Financial assets at fair value through profit or loss	7. Financial assets at fair value through profit or loss At 30 June At 31 Dec £m £m Trading assets 246 290 Other financial assets at fair value through profit or loss: Loans and advances to customers 1,934 1,782 Debt securities — 47 Equity shares 206 165 2,140 1,994 Total financial assets at fair value through profit or loss 2,386 2,284

Financial assets at amortised c

Financial assets at amortised cost	6 Months Ended
	Jun. 30, 2020
Financial asset at amortised cost.
Financial assets at amortised cost	8. Financial assets at amortised cost Half-year to 30 June 2020 Purchased or originated credit- Stage 1 Stage 2 Stage 3 impaired Total £m £m £m £m £m Loans and advances to banks At 1 January 2020 4,852 — — — 4,852 Exchange and other adjustments 238 — — — 238 Additions (repayments) 1,995 — — — 1,995 At 30 June 2020 7,085 — — — 7,085 Allowance for impairment losses (15) — — — (15) Total loans and advances to banks 7,070 — — — 7,070 Loans and advances to customers At 1 January 2020 429,767 28,505 5,647 13,714 477,633 Exchange and other adjustments 1,853 26 5 (54) 1,830 Additions (repayments) 9,473 122 (791) (593) 8,211 Transfers to Stage 1 3,152 (3,143) (9) – Transfers to Stage 2 (32,072) 32,416 (344) – Transfers to Stage 3 (1,058) (1,569) 2,627 – (29,978) 27,704 2,274 – Recoveries 86 − 86 Financial assets that have been written off (761) (24) (785) At 30 June 2020 411,115 56,357 6,460 13,043 486,975 Allowance for impairment losses (1,300) (2,141) (1,974) (325) (5,740) Total loans and advances to customers 409,815 54,216 4,486 12,718 481,235 Debt securities At 1 January 2020 5,325 — 1 — 5,326 Exchange and other adjustments 102 — — — 102 Additions (repayments) (213) — — — (213) Financial assets that have been written off — — — — — At 30 June 2020 5,214 — 1 — 5,215 Allowance for impairment losses (1) — (1) — (2) Total debt securities 5,213 — — — 5,213 Due from fellow Lloyds Banking Group undertakings Due from fellow Lloyds Banking Group undertakings 926 — — — 926 Allowance for impairment losses (1) — — — (1) Due from fellow Lloyds Banking Group undertakings, net of impairment allowances 925 — — — 925 Total financial assets at amortised cost 423,023 54,216 4,486 12,718 494,443 Exchange and other adjustments includes certain adjustments, prescribed by IFRS 9, in respect of purchased or originated credit-impaired financial assets. Year ended 31 December 2019 Purchased or originated credit- Stage 1 Stage 2 Stage 3 impaired Total £m £m £m £m £m Loans and advances to banks At 1 January 2019 3,691 2 — — 3,693 Exchange and other adjustments (125) — — — (125) Additions (repayments) 1,286 (2) — — 1,284 At 31 December 2019 4,852 — — — 4,852 Allowance for impairment losses — — — — — Total loans and advances to banks 4,852 — — — 4,852 Loans and advances to customers At 1 January 2019 420,968 25,308 5,397 15,391 467,064 Exchange and other adjustments (312) (44) 26 283 (47) Additions (repayments) 13,690 (2,520) (857) (1,934) 8,379 Transfers to Stage 1 6,318 (6,286) (32) — Transfers to Stage 2 (13,052) 13,484 (432) — Transfers to Stage 3 (1,539) (1,437) 2,976 — (8,273) 5,761 2,512 — Recoveries — — 396 28 424 Acquisition of portfolios 3,694 — — — 3,694 Financial assets that have been written off (1,827) (54) (1,881) At 31 December 2019 429,767 28,505 5,647 13,714 477,633 Allowance for impairment losses (669) (993) (1,359) (142) (3,163) Total loans and advances to customers 429,098 27,512 4,288 13,572 474,470 Debt securities At 1 January 2019 5,095 — 2 — 5,097 Exchange and other adjustments (90) — (1) — (91) Additions (repayments) 320 — — — 320 At 31 December 2019 5,325 — 1 — 5,326 Allowance for impairment losses — — (1) — (1) Total debt securities 5,325 — — — 5,325 Due from fellow Lloyds Banking Group undertakings Due from fellow Lloyds Banking Group undertakings 1,854 — 43 — 1,897 Allowance for impairment losses — — (43) — (43) Due from fellow Lloyds Banking Group undertakings, net of impairment allowances 1,854 — — — 1,854 Total financial assets at amortised cost 441,129 27,512 4,288 13,572 486,501 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 transferrable. 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 10).

Allowance for impairment losses

Allowance for impairment losses	6 Months Ended
	Jun. 30, 2020
Allowance for impairment losses.
Allowance for impairment losses	9. Allowance for impairment losses Half-year to 30 June 2020 Purchased or originated credit- Stage 1 Stage 2 Stage 3 impaired Total £m £m £m £m £m In respect of drawn balances At 1 January 2020 669 993 1,403 142 3,207 Exchange and other adjustments — — 27 (38) (11) Transfers to Stage 1 108 (107) (1) – Transfers to Stage 2 (90) 133 (43) – Transfers to Stage 3 (10) (133) 143 – Impact of transfers between stages (64) 774 445 1,155 (56) 667 544 1,155 Other items charged to the income statement 704 481 745 245 2,175 Charge to the income statement (note 5) 648 1,148 1,289 245 3,330 Advances written off — — (804) (24) (828) Recoveries of advances written off in previous years — — 86 — 86 Discount unwind — — (26) — (26) At 30 June 2020 1,317 2,141 1,975 325 5,758 In respect of undrawn balances At 1 January 2020 91 77 5 — 173 Exchange and other adjustments – — — — — Transfers to Stage 1 8 (8) — — — Transfers to Stage 2 (6) 6 — — — Transfers to Stage 3 — (6) 6 — — Impact of transfers between stages (2) 72 11 — 81 — 64 17 — 81 Other items charged to the income statement 145 50 13 — 208 Charge to the income statement (note 5) 145 114 30 — 289 At 30 June 2020 236 191 35 – 462 Total allowance for impairment losses 1,553 2,332 2,010 325 6,220 In respect of: Loans and advances to banks 15 – – – 15 Loans and advances to customers 1,300 2,141 1,974 325 5,740 Debt securities 1 – 1 – 2 Due from fellow Lloyds Banking Group undertakings 1 – – – 1 Financial assets at amortised cost 1,317 2,141 1,975 325 5,758 Provisions in relation to loan commitments and financial guarantees 236 191 35 – 462 Total allowance for impairment losses 1,553 2,332 2,010 325 6,220 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) 6 – – – 6 Exchange and other adjustments includes certain adjustments, prescribed by IFRS 9, in respect of purchased or originated credit-impaired financial assets. The total allowance for impairment losses includes £191 million (31 December 2019: £201 million) in respect of residual value impairment and voluntary terminations within the Group’s asset finance business. Year ended 31 December 2019 Purchased or originated credit- Stage 1 Stage 2 Stage 3 impaired Total £m £m £m £m £m In respect of drawn balances At 1 January 2019 519 992 1,434 78 3,023 Exchange and other adjustments 10 (9) 29 283 313 Transfers to Stage 1 229 (222) (7) — Transfers to Stage 2 (53) 92 (39) — Transfers to Stage 3 (15) (140) 155 — Impact of transfers between stages (175) 353 420 598 (14) 83 529 598 Other items charged to the income statement 154 (73) 894 (193) 782 Charge to the income statement 140 10 1,423 (193) 1,380 Advances written off (1,827) (54) (1,881) Recoveries of advances written off in previous years 396 28 424 Discount unwind (52) – (52) At 31 December 2019 669 993 1,403 142 3,207 In respect of undrawn balances At 1 January 2019 121 63 6 — 190 Exchange and other adjustments (1) 1 – — — Transfers to Stage 1 19 (19) — — Transfers to Stage 2 (4) 4 — — Transfers to Stage 3 (1) (3) 4 — Impact of transfers between stages (17) 24 (1) 6 (3) 6 3 6 Other items charged to the income statement (26) 7 (4) — (23) Charge to the income statement (29) 13 (1) — (17) At 31 December 2019 91 77 5 — 173 Total allowance for impairment losses 760 1,070 1,408 142 3,380 In respect of: Loans and advances to banks — — — — — Loans and advances to customers 669 993 1,359 142 3,163 Debt securities — — 1 — 1 Due from fellow Lloyds Banking Group undertakings — — 43 — 43 Financial assets at amortised cost 669 993 1,403 142 3,207 Provisions in relation to loan commitments and financial guarantees 91 77 5 — 173 Total allowance for impairment losses 760 1,070 1,408 142 3,380 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) — — — — — The Group’s income statement charge comprises: Half-year Year ended to 30 June 31 Dec £m £m Drawn balances 3,330 1,380 Undrawn balances 289 (17) Financial assets at fair value through other comprehensive income 6 (1) Total 3,625 1,362 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. As assets are transferred between stages, the resulting change in expected credit loss of £1,155 million for drawn balances, and £81 million for undrawn balances, is presented separately as impacts of transfers between stages, in the stage in which the expected credit loss is recognised at the end of the reporting period. Other items charged to the income statement include the movements in the expected credit loss as a result of 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. Consequently, recoveries on assets previously written-off also occur in Stage 3 only.

Debt securities in issue

Debt securities in issue	6 Months Ended
	Jun. 30, 2020
Debt securities in issue
Debt securities in issue	10. At 30 June 2020 At 31 December 2019 At fair At fair value value through At through At profit or amortised profit or amortised loss cost Total loss cost Total £m £m £m £m £m £m Medium-term notes issued 7,644 22,556 30,200 7,484 26,628 34,112 Covered bonds – 27,766 27,766 — 29,818 29,818 Certificates of deposit – 3,027 3,027 — 4,925 4,925 Securitisation notes 47 5,867 5,914 47 7,329 7,376 Commercial paper – 6,940 6,940 — 7,731 7,731 Total debt securities in issue 7,691 66,156 73,847 7,531 76,431 83,962 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 2020, external parties held £5,914 million (31 December 2019: £7,376 million) and the Group’s subsidiaries held £29,453 million (31 December 2019: £31,396 million) of total securitisation notes in issue of £35,367 million (31 December 2019: £38,772 million). The notes are secured on loans and advances to customers and debt securities held at amortised cost amounting to £37,809 million (31 December 2019: £42,545 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 2020, external parties held £27,766 million (31 December 2019: £29,818 million) and the Group’s subsidiaries held £100 million (31 December 2019: £100 million) of total covered bonds in issue of £27,866 million (31 December 2019: £29,918 million). The bonds are secured on certain loans and advances to customers amounting to £38,042 million (31 December 2019: £39,131 million) that have been assigned to bankruptcy remote limited liability partnerships. These loans are retained on the Group’s balance sheet. Cash deposits of £4,012 million (31 December 2019: £4,703 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.

Post-retirement defined benefit

Post-retirement defined benefit schemes	6 Months Ended
	Jun. 30, 2020
Post-retirement defined benefit schemes
Post-retirement defined benefit schemes	11. Post-retirement defined benefit schemes The Group’s post-retirement defined benefit scheme obligations are comprised as follows: At 30 June At 31 Dec £m £m Defined benefit pension schemes: Fair value of scheme assets 50,696 45,791 Present value of funded obligations (48,593) (45,241) Net pension scheme asset 2,103 550 Other post-retirement schemes (133) (126) Net retirement benefit asset 1,970 424 Recognised on the balance sheet as: Retirement benefit assets 2,241 681 Retirement benefit obligations (271) (257) Net retirement benefit asset 1,970 424 The movement in the Group’s net post-retirement defined benefit scheme asset during the period was as follows: £m Asset at 1 January 2020 424 Income statement charge (121) Employer contributions 999 Remeasurement 668 Asset at 30 June 2020 1,970 During the first half of 2020, the Group's main pension schemes entered into a £10 billion longevity insurance arrangement (with Scottish Widows acting as a conduit) to hedge their exposure to an unexpected increase in life expectancy for approximately half of their current pensioners. As a result, the impact of changes in mortality rates in future years on the pension schemes' gross liabilities will be partially offset by movements in the value of the longevity swap, which is included within the pension schemes' assets. Upon initial recognition, the pension schemes valued the swaps at £nil and, in line with market practice, actual mortality experience is assumed to be in line with the expected mortality rate for the first year of the swap. The principal assumptions used in the valuations of the defined benefit pension scheme were as follows: At 30 June At 31 Dec % % Discount rate 1.54 2.05 Rate of inflation: Retail Prices Index 2.85 2.94 Consumer Price Index 1.90 1.99 Rate of salary increases Weighted-average rate of increase for pensions in payment 2.52 2.57

Provisions for liabilities and

Provisions for liabilities and charges	6 Months Ended
	Jun. 30, 2020
Provisions for liabilities and charges
Provisions for liabilities and charges	12 . Provisions for liabilities and charges Provisions Payment Other for protection regulatory commitments insurance provisions Other Total £m £m £m £m £m At 1 January 2020 173 1,874 395 696 3,138 Exchange and other adjustments — — — (3) (3) Provisions applied — (996) (298) (102) (1,396) Charge for the period 289 — 158 63 510 At 30 June 2020 462 878 255 654 2,249 Payment protection insurance (excluding MBNA) The Group has made provisions for PPI costs totalling £21,821 million; no additional charge has been made in the first half of 2020. Good progress has been made with the review of PPI information requests received and the conversion rate remains low and consistent with the provision assumption of around 10 per cent, albeit operations have been impacted by the coronavirus pandemic in the second quarter. At 30 June 2020, a provision of £742 million remained unutilised relating to complaints and associated administration costs excluding amounts relating to MBNA. Total cash payments were £830 million during the six months to 30 June 2020. The total amount provided for PPI represents the Group’s best estimate of the likely future cost. A number of risks and uncertainties remain including processing the remaining outstanding complaints. These may also be impacted by any further regulatory changes. The cost could therefore differ from the Group’s estimates and the assumptions underpinning them, and could result in a further provision being required. For every 1 per cent increase in PIR conversion rate on the stock as at the industry deadline, the Group would expect an additional charge of approximately £100 million. 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 first half of 2020. Other provisions for legal actions and regulatory matters In the course of its business, the Group is engaged in discussions with the UK Prudential Regulation Authority (PRA), UK Financial Conduct Authority (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 six months to 30 June 2020 the Group charged a further £158 million in respect of legal actions and other regulatory matters, and the unutilised balance at 30 June 2020 was £255 million (31 December 2019: £395 million). The most significant items are as follows. Arrears handling related activities The Group has provided an additional £28 million during the half-year to 30 June 2020 for arrears handling related activities, bringing the total provided to date to £1,009 million; the unutilised balance at 30 June 2020 was £78 million. HBOS Reading – review The Group completed its compensation assessment for all 71 business customers within the customer review in the fourth quarter of 2019. In total more than £109 million of compensation has been accepted by victims of the HBOS Reading fraud, in addition to £14 million for ex-gratia payments and £6 million for the re-imbursements of legal fees. Sir Ross Cranston’s Quality Assurance review was concluded on 10 December 2019 and made a number of recommendations, including a re-assessment of direct and consequential losses by an independent panel, an extension of debt relief, and a wider definition of de facto directors. Details of the panel were announced on 3 April 2020 and the panel’s full scope and methodology was published on 7 July 2020. Details of an appeal process for the further assessments of debt relief and de facto director status have also been announced. The Group has begun its assessment of customer claims for further debt relief and de facto director status. The Group has committed to implementing Sir Ross’s recommendations in full. It is not possible to estimate at this stage what the financial impact will be.

Contingent liabilities, commitm

Contingent liabilities, commitments and guarantees	6 Months Ended
	Jun. 30, 2020
Contingent liabilities, commitments and guarantees
Contingent liabilities, commitments and guarantees	13. 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 card schemes such as 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: • • Any impact on the Group of the litigation against Visa and Mastercard remains uncertain at this time. 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. LIBOR and other trading rates In July 2014, the Group announced that it had reached settlements totalling £217 million (at 30 June 2014 exchange rates) to resolve with UK and US federal authorities legacy issues regarding the manipulation several years ago of Group companies' submissions to the British Bankers' Association (BBA) London Interbank Offered Rate (LIBOR) and Sterling Repo Rate. The Swiss Competition Commission concluded its investigation against Lloyds Bank plc in June 2019. However, the Group continues to cooperate with various other government and regulatory authorities, including a number of US State Attorneys General, in conjunction with their investigations into submissions made by panel members to the bodies that set LIBOR and various other interbank offered rates. Certain Group companies, together with other panel banks, have also 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 LIBOR and the Australian BBSW Reference Rate. Certain of the plaintiffs' claims have been dismissed by the US Federal Court for 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 relation to the alleged mis-sale of interest rate hedging products also include allegations of LIBOR manipulation. It is currently not possible to predict the scope and ultimate outcome on the Group of the various outstanding regulatory investigations not encompassed by the settlements, 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. Tax authorities The Lloyds Banking 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 Lloyds Banking Group that their interpretation of the UK rules which allow the offset of such losses denies the claim for group relief of losses. If HMRC’s position is found to be correct, management estimate that this would result in an increase in current tax liabilities of approximately £700 million (including interest) and a reduction in deferred tax assets of approximately £270 million. The Lloyds Banking Group does not agree with HMRC’s position and, 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 Lloyds Bank Group is in discussion 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 Lloyds Bank 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. All such material 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 assess properly 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. Contingent liabilities, commitments and guarantees arising from the banking business At 30 June At 31 Dec £m £m Contingent liabilities Acceptances and endorsements 118 17 Other: Other items serving as direct credit substitutes 246 279 Performance bonds and other transaction-related contingencies 2,116 2,274 2,362 2,553 Total contingent liabilities 2,480 2,570 Commitments and guarantees Documentary credits and other short-term trade-related transactions 1 — Forward asset purchases and forward deposits placed 170 171 Undrawn formal standby facilities, credit lines and other commitments to lend: Less than 1 year original maturity: Mortgage offers made 14,098 12,647 Other commitments and guarantees 82,664 78,306 96,762 90,953 1 year or over original maturity 23,835 25,310 Total commitments and guarantees 120,768 116,434 Of the amounts shown above in respect of undrawn formal standby facilities, credit lines and other commitments to lend, £47,042 million (31 December 2019: £46,629 million) was irrevocable.

Fair values of financial assets

Fair values of financial assets and liabilities	6 Months Ended
	Jun. 30, 2020
Fair values of financial assets and liabilities
Fair values of financial assets and liabilities	14. 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 43 to the Group’s 2019 financial statements describes 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 2019 Annual Report on Form 20-F 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 2020 At 31 December 2019 Carrying Fair Carrying Fair value value value value £m £m £m £m Financial assets Financial assets at fair value through profit or loss 2,386 2,386 2,284 2,284 Derivative financial instruments 10,790 10,790 8,494 8,494 Loans and advances to banks 7,070 7,071 4,852 4,849 Loans and advances to customers 481,235 481,182 474,470 475,128 Debt securities 5,213 5,206 5,325 5,317 Due from fellow Lloyds Banking Group undertakings 925 925 1,854 1,854 Financial assets at amortised cost 494,443 494,384 486,501 487,148 Financial assets at fair value through other comprehensive income 26,823 26,823 24,617 24,617 Financial liabilities Deposits from banks 26,645 26,647 23,593 23,497 Customer deposits 427,591 427,805 396,839 397,222 Due to fellow Lloyds Banking Group undertakings 6,502 6,502 4,893 4,893 Financial liabilities at fair value through profit or loss 9,102 9,102 7,702 7,702 Derivative financial instruments 9,254 9,254 9,831 9,831 Debt securities in issue 66,156 69,869 76,431 78,632 Subordinated liabilities 12,125 15,949 12,586 14,542 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. 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. Financial assets Level 1 Level 2 Level 3 Total £m £m £m £m At 30 June 2020 Financial assets at fair value through profit or loss: Loans and advances to customers — — 1,934 1,934 Debt securities 246 — — 246 Equity shares 202 4 — 206 Total financial assets at fair value through profit or loss 448 4 1,934 2,386 Financial assets at fair value through other comprehensive income: Debt securities 14,114 12,645 64 26,823 Equity shares — — — — Total financial assets at fair value through other comprehensive income 14,114 12,645 64 26,823 Derivative financial instruments — 10,775 15 10,790 Total financial assets carried at fair value 14,562 23,424 2,013 39,999 At 31 December 2019 Financial assets at fair value through profit or loss: Loans and advances to customers — — 1,782 1,782 Debt securities 290 — 47 337 Equity shares 161 4 — 165 Total financial assets at fair value through profit or loss 451 4 1,829 2,284 Financial assets at fair value through other comprehensive income: Debt securities 12,844 11,274 60 24,178 Treasury and other bills 439 — — 439 Total financial assets at fair value through other comprehensive income 13,283 11,274 60 24,617 Derivative financial instruments — 8,494 — 8,494 Total financial assets carried at fair value 13,734 19,772 1,889 35,395 Financial liabilities Level 1 Level 2 Level 3 Total £m £m £m £m At 30 June 2020 Financial liabilities at fair value through profit or loss: Liabilities held at fair value through profit or loss — 7,644 47 7,691 Trading liabilities 90 1,321 — 1,411 Total financial liabilities at fair value through profit or loss 90 8,965 47 9,102 Derivative financial instruments — 8,907 347 9,254 Total financial liabilities carried at fair value 90 17,872 394 18,356 At 31 December 2019 Financial liabilities at fair value through profit or loss: Liabilities held at fair value through profit or loss — 7,484 47 7,531 Trading liabilities 73 98 — 171 Total financial liabilities at fair value through profit or loss 73 7,582 47 7,702 Derivative financial instruments — 9,534 297 9,831 Total financial liabilities carried at fair value 73 17,116 344 17,533 Movements in level 3 portfolio The tables below analyse movements in the level 3 financial assets portfolio. Financial Financial assets at Total assets at fair value financial fair value through other assets through profit comprehensive Derivative carried at or loss income assets fair value £m £m £m At 1 January 2020 1,829 60 — 1,889 Exchange and other adjustments 79 4 — 83 Gains recognised in the income statement within other income 20 — 1 21 Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income — — — — Purchases 368 — — 368 Sales (312) — — (312) Transfers into the level 3 portfolio — — 14 14 Transfers out of the level 3 portfolio (50) — — (50) At 30 June 2020 1,934 64 15 2,013 Gains (losses) recognised in the income statement within other income relating to those assets held at 30 June 2020 105 — — 105 Financial Financial assets at Total assets at fair value financial fair value through other assets through profit comprehensive Derivative carried at or loss income assets fair value £m £m £m £m At 1 January 2019 2,721 53 5 2,779 Exchange and other adjustments 1 — — 1 Gains recognised in the income statement within other income 2 — — 2 Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income — 4 — 4 Purchases 483 – — 483 Sales (1,272) (1) — (1,273) Transfers into the level 3 portfolio 399 — 21 420 At 30 June 2019 2,334 56 26 2,416 Gains (losses) recognised in the income statement within other income relating to those assets held at 30 June 2019 — — — — The tables below analyse movements in the level 3 financial liabilities portfolio. Financial Total liabilities at financial fair value liabilities through Derivative carried at profit or loss liabilities fair value £m £m £m At 1 January 2020 47 297 344 Losses recognised in the income statement within other income 1 12 13 Redemptions (1) (8) (9) Transfers into the level 3 portfolio — 46 46 At 30 June 2020 47 347 394 Losses recognised in the income statement within other income relating to those liabilities held at 30 June 2020 — — — Financial Total liabilities at financial fair value liabilities through Derivative carried at profit or loss liabilities fair value £m £m £m At 1 January 2019 — 8 8 Losses recognised in the income statement within other income — 8 8 Additions — — — Redemptions (1) (12) (13) Transfers into the level 3 portfolio 53 345 398 Transfers out of the level 3 portfolio — — — At 30 June 2019 52 349 401 Losses recognised in the income statement within other income relating to those liabilities held at 30 June 2019 — 8 8 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 2020 Effect of reasonably possible alternative Significant assumptions 1 unobservable Carrying Favourable Unfavourable Valuation technique(s) inputs Range 2 value changes changes £m £m £m Financial assets at fair value through profit or loss: Loans and advances to customers Discounted cash flows Inferred spreads (bps) 50 bps /103bps 1,934 37 (37) 1,934 Financial assets at fair value through other comprehensive income: 64 Derivative financial assets: Interest rate derivatives Option pricing model Interest rate volatility 0% / 176% 15 Financial assets carried at fair value 2,013 Financial liabilities at fair value through profit or loss 47 Derivative financial liabilities: Interest rate derivatives Option pricing model Interest rate volatility 32% / 58% 50 Interest rate derivatives Market values – property valuation HPI -5% / +5% 297 347 Financial liabilities carried at fair value 394 1 Where the exposure to an unobservable input is managed on a net basis, only the net impact is shown in the table. 2 The range represents the highest and lowest inputs used in the level 3 valuations. At 31 December 2019 Effect of reasonably possible alternative Significant assumptions 1 unobservable Carrying Favourable Unfavourable Valuation technique(s) inputs Range 2 value changes changes £m £m £m Financial assets at fair value through profit or loss: Loans and advances to customers Discounted cash flows Interest rate spreads (bps) 50 bps / 102 bps 1,782 36 (39) Debt securities 47 1,829 Financial assets at fair value through other comprehensive income 60 Financial assets carried at fair value 1,889 Financial liabilities at fair value through profit or loss: 47 Derivative financial liabilities: 297 Financial liabilities carried at fair value 344 1 Where the exposure to an unobservable input is managed on a net basis, only the net impact is shown in the table. 2 The range represents the highest and lowest inputs used in the level 3 valuations. 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 2019 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 the Group’s 2019 financial statements.

Credit quality of loans and adv

Credit quality of loans and advances to banks and customers	6 Months Ended
	Jun. 30, 2020
Credit quality of loans and advances to banks and customers
Credit quality of loans and advances to banks and customers	15. Credit quality of loans and advances to banks and customers Gross drawn exposures At 30 June 2020 Purchased or originated credit- PD Stage 1 Stage 2 Stage 3 impaired Total range £m £m £m £m £m Loans and advances to banks: CMS 1-10 - 0.50 % 3,664 — — — 3,664 CMS 11-14 - 3.00 % 3,384 — — — 3,384 CMS 15-18 - 20.00 % 37 — — — 37 CMS 19 - 99.99 % — — — — — CMS 20-23 100 % — — — — — 7,085 — — — 7,085 Loans and advances to customers: Retail – mortgages RMS 1-6 - 4.50 % 236,569 27,321 — — 263,890 RMS 7-9 - 14.00 % 8 3,770 — — 3,778 RMS 10 - 20.00 % — 862 — — 862 RMS 11-13 - 99.99 % — 2,354 — — 2,354 RMS 14 100.00 % — — 1,800 13,043 14,843 236,577 34,307 1,800 13,043 285,727 Retail – credit cards RMS 1-6 - 4.50 % 10,070 456 — — 10,526 RMS 7-9 - 14.00 % 2,882 641 — — 3,523 RMS 10 - 20.00 % 403 361 — — 764 RMS 11-13 - 99.99 % 84 630 — — 714 RMS 14 100.00 % — — 368 — 368 13,439 2,088 368 — 15,895 Retail – UK Motor Finance RMS 1-6 - 4.50 % 11,615 1,762 — — 13,377 RMS 7-9 - 14.00 % 1,054 693 — — 1,747 RMS 10 - 20.00 % — 155 — — 155 RMS 11-13 - 99.99 % 5 310 — — 315 RMS 14 100.00 % — — 236 — 236 12,674 2,920 236 — 15,830 Retail – other RMS 1-6 - 4.50 % 19,242 693 — — 19,935 RMS 7-9 - 14.00 % 3,213 546 — — 3,759 RMS 10 - 20.00 % 787 191 — — 978 RMS 11-13 - 99.99 % 997 631 — — 1,628 RMS 14 100.00 % — — 480 — 480 24,239 2,061 480 — 26,780 Total Retail 286,929 41,376 2,884 13,043 344,232 At 30 June 2020 Purchased or originated credit- PD Stage 1 Stage 2 Stage 3 impaired Total range £m £m £m £m £m Commercial CMS 1-10 - 0.50 % 20,094 114 — — 20,208 CMS 11-14 - 3.00 % 35,518 6,935 — — 42,453 CMS 15-18 - 20.00 % 7,321 6,366 — — 13,687 CMS 19 - 99.99 % — 1,542 — — 1,542 CMS 20-23 100 % — — 3,493 — 3,493 62,933 14,957 3,493 — 81,383 Other RMS 1-6 - 4.50 % 764 24 — — 788 RMS 7-9 - 14.00 % — — — — — RMS 10 - 20.00 % — — — — — RMS 11-13 - 99.99 % — — — — — RMS 14 100.00 % — — 83 — 83 764 24 83 — 871 CMS 1-10 - 0.50 % 60,489 — — — 60,489 CMS 11-14 - 3.00 % — — — — — CMS 15-18 - 20.00 % — — — — — CMS 19 - 99.99 % — — — — — CMS 20-23 100 % — — — — — 60,489 — — — 60,489 Total loans and advances to customers 411,115 56,357 6,460 13,043 486,975 In respect of: Retail 286,929 41,376 2,884 13,043 344,232 Commercial 62,933 14,957 3,493 — 81,383 Other 61,253 24 83 — 61,360 Total loans and advances to customers 411,115 56,357 6,460 13,043 486,975 The update to the Group’s economic outlook has contributed to a deterioration of assigned credit quality and an increase in stage 2 balances due to the forward-looking probability of default (PD) used for rating segmentation. Lending originated under the UK Government’s COVID-19 support schemes is rated according to the customer’s probability of default; the Government guarantees impact the anticipated loss given default (LGD). Expected credit losses At 30 June 2020 Purchased or originated credit- PD Stage 1 Stage 2 Stage 3 impaired Total range £m £m £m £m £m Loans and advances to banks: CMS 1-10 - 0.50 % — — — — — CMS 11-14 - 3.00 % 14 — — — 14 CMS 15-18 - 20.00 % 1 — — — 1 CMS 19 - 99.99 % — — — — — CMS 20-23 100 % — — — — — 15 — — — 15 Loans and advances to customers: Retail – mortgages RMS 1-6 - 4.50 % 106 250 — — 356 RMS 7-9 - 14.00 % — 79 — — 79 RMS 10 - 20.00 % — 28 — — 28 RMS 11-13 - 99.99 % — 134 — — 134 RMS 14 100.00 % — — 187 325 512 106 491 187 325 1,109 Retail – credit cards RMS 1-6 - 4.50 % 96 22 — — 118 RMS 7-9 - 14.00 % 134 61 — — 195 RMS 10 - 20.00 % 44 58 — — 102 RMS 11-13 - 99.99 % 13 208 — — 221 RMS 14 100.00 % — — 121 — 121 287 349 121 — 757 Retail – UK Motor Finance RMS 1-6 - 4.50 % 184 50 — — 234 RMS 7-9 - 14.00 % 8 47 — — 55 RMS 10 - 20.00 % — 21 — — 21 RMS 11-13 - 99.99 % — 99 — — 99 RMS 14 100.00 % — — 152 — 152 192 217 152 — 561 Retail - other RMS 1-6 - 4.50 % 116 28 — — 144 RMS 7-9 - 14.00 % 110 43 — — 153 RMS 10 - 20.00 % 22 35 — — 57 RMS 11-13 - 99.99 % 17 213 — — 230 RMS 14 100.00 % — — 173 — 173 265 319 173 — 757 Total Retail 850 1,376 633 325 3,184 At 30 June 2020 Purchased or originated credit- PD Stage 1 Stage 2 Stage 3 impaired Total range £m £m £m £m £m Commercial CMS 1-10 - 0.50 % 9 — — — 9 CMS 11-14 - 3.00 % 120 159 — — 279 CMS 15-18 - 20.00 % 108 376 — — 484 CMS 19 - 99.99 % — 230 — — 230 CMS 20-23 100 % — — 1,328 — 1,328 237 765 1,328 — 2,330 Other RMS 1-6 - % 13 — — — 13 RMS 7-9 - % — — — — — RMS 10 - % — — — — — RMS 11-13 - % — — — — — RMS 14 100.00 % — — 13 — 13 13 — 13 — 26 CMS 1-10 - 0.50 % — — — — — CMS 11-14 - 3.00 % — — — — — CMS 15-18 - 20.00 % — — — — — CMS 19 - 99.99 % — — — — — CMS 20-23 100 % — — — — — — — — — — Central adjustment to severe scenario 200 — — — 200 Total loans and advances to customers 1,300 2,141 1,974 325 5,740 In respect of: Retail 850 1,376 633 325 3,184 Commercial 237 765 1,328 — 2,330 Other 213 — 13 — 226 Total loans and advances to customers 1,300 2,141 1,974 325 5,740 Gross drawn exposures At 31 December 2019 Purchased or originated credit- PD Stage 1 Stage 2 Stage 3 impaired Total range £m £m £m £m £m Loans and advances to banks: CMS 1-10 - 0.50 % 4,852 — — — 4,852 CMS 11-14 - 3.00 % – — — — – CMS 15-18 - 20.00 % – — — — – CMS 19 - 99.99 % – — — — – CMS 20-23 100 % – — — — – 4,852 — — — 4,852 Loans and advances to customers: Retail – mortgages RMS 1-6 - % 257,028 13,494 — — 270,522 RMS 7-9 - % 15 2,052 — — 2,067 RMS 10 - % – 414 — — 414 RMS 11-13 - % – 975 — — 975 RMS 14 100.00 % – – 1,506 13,714 15,220 257,043 16,935 1,506 13,714 289,198 Retail – credit cards RMS 1-6 - % 14,745 729 — — 15,474 RMS 7-9 - % 1,355 556 — — 1,911 RMS 10 - % 32 105 — — 137 RMS 11-13 - % 1 291 — — 292 RMS 14 100.00 % – – 385 — 385 16,133 1,681 385 — 18,199 Retail – UK Motor Finance RMS 1-6 - % 13,568 1,297 — — 14,865 RMS 7-9 - % 314 368 — — 682 RMS 10 - % – 99 — — 99 RMS 11-13 - % 2 178 — — 180 RMS 14 100.00 % – – 150 — 150 13,884 1,942 150 — 15,976 Retail - other RMS 1-6 - % 17,166 763 — — 17,929 RMS 7-9 - % 1,330 784 — — 2,114 RMS 10 - % 44 91 — — 135 RMS 11-13 - % 151 338 — — 489 RMS 14 100.00 % – – 443 — 443 18,691 1,976 443 — 21,110 Total Retail 305,751 22,534 2,484 13,714 344,483 At 31 December 2019 Purchased or originated credit- PD Stage 1 Stage 2 Stage 3 impaired Total range £m £m £m £m £m Commercial CMS 1-10 - 0.50 % 43,118 370 — — 43,488 CMS 11-14 - 3.00 % 25,341 2,312 — — 27,653 CMS 15-18 - 20.00 % 1,793 3,089 — — 4,882 CMS 19 - 99.99 % – 168 — — 168 CMS 20-23 100 % – – 3,109 — 3,109 70,252 5,939 3,109 — 79,300 Other RMS 1-6 - 4.50 % 754 32 — — 786 RMS 7-9 - 14.00 % – – — — – RMS 10 - 20.00 % – – — — – RMS 11-13 - 99.99 % – – — — – RMS 14 100.00 % – – 54 — 54 754 32 54 — 840 CMS 1-10 - 0.50 % 53,010 — — — 53,010 CMS 11-14 - 3.00 % — — — — — CMS 15-18 - 20.00 % — — — — — CMS 19 - 99.99 % — — — — — CMS 20-23 100 % — — — — — 53,010 — — — 53,010 Total loans and advances to customers 429,767 28,505 5,647 13,714 477,633 In respect of: Retail 305,751 22,534 2,484 13,714 344,483 Commercial 70,252 5,939 3,109 – 79,300 Other 53,764 32 54 – 53,850 Total loans and advances to customers 429,767 28,505 5,647 13,714 477,633 Expected credit losses At 31 December 2019 Purchased or originated credit- PD Stage 1 Stage 2 Stage 3 impaired Total range £m £m £m £m £m Loans and advances to banks: CMS 1-10 - 0.50 % — — — — — CMS 11-14 - 3.00 % — — — — — CMS 15-18 - 20.00 % — — — — — CMS 19 - 99.99 % — — — — — CMS 20-23 100 % — — — — — — — — — — Loans and advances to customers: Retail – mortgages RMS 1-6 - 4.50 % 23 183 — — 206 RMS 7-9 - 14.00 % – 39 — — 39 RMS 10 - 20.00 % – 13 — — 13 RMS 11-13 - 99.99 % – 46 — — 46 RMS 14 100.00 % – – 122 142 264 23 281 122 142 568 Retail – credit cards RMS 1-6 - 4.50 % 103 25 — — 128 RMS 7-9 - 14.00 % 49 54 — — 103 RMS 10 - 20.00 % 3 19 — — 22 RMS 11-13 - 99.99 % – 91 — — 91 RMS 14 100.00 % – – 126 — 126 155 189 126 — 470 Retail – UK Motor Finance RMS 1-6 - 4.50 % 203 30 — — 233 RMS 7-9 - 14.00 % 10 15 — — 25 RMS 10 - 20.00 % – 10 — — 10 RMS 11-13 - 99.99 % 1 32 — — 33 RMS 14 100.00 % – – 84 — 84 214 87 84 — 385 Retail - other RMS 1-6 - 4.50 % 109 26 — — 135 RMS 7-9 - 14.00 % 55 64 — — 119 RMS 10 - 20.00 % 4 16 — — 20 RMS 11-13 - 99.99 % 3 103 — — 106 RMS 14 100.00 % – – 158 — 158 171 209 158 — 538 Total Retail 563 766 490 142 1,961 At 31 December 2019 Purchased or originated credit- PD Stage 1 Stage 2 Stage 3 impaired Total range £m £m £m £m £m Commercial CMS 1-10 - 0.50 % 27 2 — — 29 CMS 11-14 - 3.00 % 50 37 — — 87 CMS 15-18 - 20.00 % 13 171 — — 184 CMS 19 - 99.99 % – 16 — — 16 CMS 20-23 100 % – – 859 — 859 90 226 859 — 1,175 Other RMS 1-6 - 4.50 % 16 1 — — 17 RMS 7-9 - 14.00 % — — — — — RMS 10 - 20.00 % — — — — — RMS 11-13 - 99.99 % — — — — — RMS 14 100.00 % — — 10 — 10 16 1 10 — 27 CMS 1-10 - 0.50 % — — — — — CMS 11-14 - 3.00 % — — — — — CMS 15-18 - 20.00 % — — — — — CMS 19 - 99.99 % — — — — — CMS 20-23 100 % — — — — — — — — — — Total loans and advances to customers 669 993 1,359 142 3,163 In respect of: Retail 563 766 490 142 1,961 Commercial 90 226 859 — 1,175 Other 16 1 10 — 27 Total loans and advances to customers 669 993 1,359 142 3,163

Related party transactions

Related party transactions	6 Months Ended
	Jun. 30, 2020
Related party transactions.
Related party transactions	16. Balances and transactions with fellow Lloyds Banking Group undertakings The Bank and its subsidiaries have balances due to and from the Bank’s parent company, Lloyds Banking Group plc, and fellow Group undertakings. These are included on the balance sheet as follows: At At 30 June 31 Dec £m £m Assets Due from fellow Lloyds Banking Group undertakings 925 1,854 Derivative financial instruments 912 591 Liabilities Due to fellow Lloyds Banking Group undertakings 6,502 4,893 Derivative financial instruments 1,629 1,986 Financial liabilities at fair value through profit or loss 1,228 1 Debt securities in issue 12,410 11,181 Subordinated liabilities 4,227 3,663 During the half-year to 30 June 2020 the Group earned £3 million (half-year to 30 June 2019: £6 million) of interest income and incurred £242 million (half-year to 30 June 2019: £236 million) of interest expense on balances and transactions with Lloyds Banking Group plc and fellow Group undertakings. During the half-year to 30 June 2020 the Bank issued £1,070 million of Additional Tier 1 securities to its parent company, Lloyds Banking Group plc. Other related party transactions Other related party transactions for the half-year to 30 June 2020 are similar in nature to those for the year ended 31 December 2019.

Accounting policies, presenta_2

Accounting policies, presentation and estimates (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting policies, presentation and estimates
Accounting policies and methods of computation followed in interim financial statements	Accounting policies, presentation and estimates These condensed consolidated half-year financial statements as at and for the period to 30 June 2020 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 and comprise the results of Lloyds Bank plc (the Bank) 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 2019 which were prepared in accordance with International Financial Reporting Standards (IFRS). Copies of the 2019 Annual Report on Form 20-F are available on the Lloyds Banking Group’s website. 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 considered the implications of the COVID-19 pandemic upon the Group’s performance and projected funding and capital position and also taken into account the impact of further stress scenarios. On this basis, the directors are satisfied that the Group will maintain adequate levels of funding and capital for the foreseeable future. The accounting policies are consistent with those applied by the Group in its 2019 Annual Report on Form 20- F.
Allowance for impairment losses	Allowance for impairment losses At 30 June 2020 the Group’s expected credit loss allowance (ECL) was £6,220 million (31 December 2019: £3,380 million), of which £5,758 million (31 December 2019: £3,207 million) was in respect of drawn balances. The calculation of the Group's ECL allowances and its provisions against loan commitments and guarantees under IFRS 9 requires the Group to make a number of judgements, assumptions and estimates. Forward-looking information The measurement of expected credit losses is required to reflect an unbiased probability-weighted range of possible future outcomes. In order to do this, the Group has developed an economic model to project a wide range of key impairment drivers using information derived mainly from external sources. These drivers include factors such as the unemployment rate, the house price index, commercial property prices and corporate credit spreads. The model-generated economic scenarios for the six years beyond 2020 are mapped to industry-wide historical loss data by portfolio. Combined losses across portfolios are used to rank the scenarios by severity of loss. Alongside a defined central economic scenario, reflecting the Group’s base case assumptions used for medium-term planning purposes, three further economic scenarios are generated to represent the range of future outcomes. The upside, downside and severe downside scenarios are produced by averaging across a group of constituent scenarios around the 15th, 75th and 95th percentiles of the estimated loss distribution around the central case, with the central case expected to lie in the vicinity of the 45th percentile. These locations correspond to scenario weightings that allow for the inclusion of a relatively unlikely severe downside scenario associated with relatively large credit losses. At 31 December 2019 and 30 June 2020, the base case, upside and downside scenarios each carry a 30 per cent weighting, while the severe downside scenario is weighted at 10 per cent. The weights reflect the location of the economic scenarios on the estimated loss distribution. Following review of the severe downside scenario generated by the modelled approach described above, a judgement was made to increase the severity of GDP and unemployment dispersion from the base case. Whilst the modelled approach gives an unbiased method of creating a loss distribution, it is built on historic experience that does not yet fully capture the unprecedented complexities of the current economic environment and the risk of inflated near-term shocks. The impact of this change has been reflected as a central overlay to reflect the incremental ECL estimated outside the core ECL calculation process. The following economic assumptions include both the modelled severe scenario – used in portfolio level ECL and staging assessment, and the adjusted severe downside - used to generate the final ECL through a central overlay in recognition of more adverse economic outcomes. The key UK economic assumptions made by the Group are shown below. Compounded growth rates have been calculated on a geometric average basis, they were previously calculated on an arithmetic average basis: Impact of economic assumptions Modelled Adjusted Base case Upside Downside severe severe % % % % % At 30 June 2020 GDP 0.4 0.8 0.3 (0.4) (0.8) Interest rate 0.15 1.06 0.16 0.03 0.03 Unemployment rate 6.0 5.5 7.1 8.1 8.8 House price growth 0.4 4.7 (4.8) (9.6) (9.6) Commercial real estate price growth (0.6) 2.7 (3.5) (8.0) (8.0) At 31 December 2019 GDP 1.4 1.7 1.2 0.5 n/a Interest rate 1.25 2.04 0.49 0.11 n/a Unemployment rate 4.3 3.9 5.8 7.2 n/a House price growth 1.0 4.8 (3.2) (7.7) n/a Commercial real estate price growth 1.8 (3.8) (7.1) n/a The five year averages shown do not demonstrate the extent of peaks and troughs in the stated assumptions over the period. The tables below illustrate the variability of the assumptions from the start of the scenario period to the peak and trough. Economic assumptions – start to peak Modelled Adjusted Base case Upside Downside severe severe % % % % % At 30 June 2020 GDP 1.9 4.0 1.7 (1.8) (2.0) Interest rate 0.25 1.50 0.21 0.10 0.10 Unemployment rate 9.0 8.6 9.2 9.7 12.5 House price growth 2.1 25.8 0.4 0.4 0.4 Commercial real estate price growth (2.7) 14.8 (2.7) (2.7) (2.7) At 31 December 2019 GDP 7.0 8.6 6.2 2.7 n/a Interest rate 1.75 2.56 0.75 0.75 n/a Unemployment rate 4.6 4.6 6.9 8.3 n/a House price growth 5.2 26.3 (1.9) (2.3) n/a Commercial real estate price growth 0.1 10.4 (0.6) (1.1) n/a Economic assumptions – start to trough Modelled Adjusted Base case Upside Downside severe severe % % % % % At 30 June 2020 GDP (19.7) (19.5) (19.8) (20.2) (26.1) Interest rate 0.10 0.10 0.08 0.01 0.01 Unemployment rate 3.9 3.9 3.9 3.9 3.9 House price growth (6.1) (3.8) (21.6) (39.7) (39.7) Commercial real estate price growth (20.0) (11.5) (27.2) (42.3) (42.3) At 31 December 2019 GDP 0.4 0.7 0.2 (2.7) n/a Interest rate 0.75 0.75 0.35 0.01 n/a Unemployment rate 3.8 3.4 3.9 3.9 n/a House price growth (2.7) (0.8) (14.8) (33.1) n/a Commercial real estate price growth (0.9) 0.3 (17.5) (30.9) n/a The Group’s base case economic scenario has been materially revised in light of the impact of the COVID-19 pandemic in the UK and globally. The estimated impacts reflect judgments on the net effect of restrictions on economic activity unprecedented in peacetime, large-scale and previously untried government interventions, and lasting behavioural changes by households and businesses. Although the UK economy has begun to recover as restrictions are eased, there is considerable uncertainty about the pace and eventual extent of the recovery. The Group’s base case assumptions reflect an expectation of some enduring scarring as the economy works through the sharp contraction in economic activity in 2020. Consistent with this, and despite the support provided by the UK Government’s Coronavirus Job Retention Scheme and other income and lending assistance, the base case outlook entails a rise in the unemployment rate and weakness in residential and commercial property prices. The Group considers that risks to its base case economic view lie in both directions, reflecting both epidemiological and other developments, including vis-à-vis the UK’s transition to new trading arrangements with the European Union. Scenarios by year 2020-22 % % % % Base Case GDP (10.0) 6.0 3.0 (1.8) Interest rate 0.10 0.10 0.10 0.10 Unemployment rate 7.2 7.0 5.7 6.7 House price growth (6.0) (0.1) 2.9 (3.3) Commercial real estate price growth (20.0) 10.0 4.0 (8.5) Upside GDP (9.5) 7.5 3.1 0.3 Interest rate 0.21 1.15 1.42 0.92 Unemployment rate 7.1 6.2 4.9 6.1 House price growth (3.7) 5.0 9.0 10.2 Commercial real estate price growth (8.4) 18.6 3.4 12.4 Downside GDP (10.2) 5.8 3.1 (2.0) Interest rate 0.09 0.12 0.19 0.13 Unemployment rate 7.3 7.7 6.8 7.3 House price growth (8.0) (6.1) (4.5) (17.5) Commercial real estate price growth (27.2) 4.0 2.9 (22.1) Severe downside - Modelled GDP (10.9) 3.0 2.2 (6.2) Interest rate 0.06 0.01 0.02 0.03 Unemployment rate 7.5 8.9 8.4 8.3 House price growth (9.5) (11.5) (11.7) (29.2) Commercial real estate price growth (36.2) (7.8) (1.4) (41.9) Severe downside - Adjusted GDP (17.2) 4.1 5.2 (9.4) Interest rate 0.06 0.01 0.02 0.03 Unemployment rate 8.0 11.6 9.2 9.6 House price growth (9.5) (11.5) (11.7) (29.2) Commercial real estate price growth (36.2) (7.8) (1.4) (41.9) Base Case Scenario by Quarter 2020 2020 2020 2021 2021 2021 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 % % % % % % % % Base Case GDP (1.6) (19.3) (10.9) (8.1) (4.7) 18.1 7.7 5.1 Interest rate 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 Unemployment rate 3.9 7.5 8.5 9.0 8.0 7.4 6.6 6.2 House price growth 2.8 0.9 (2.4) (6.0) (6.3) (4.0) (1.1) (0.1) Commercial real estate price growth (5.0) (12.3) (19.9) (20.0) (14.4) (3.7) 7.7 10.0 Impact of multiple economic scenarios The following table shows the extent to which a higher ECL allowance has been recognised to take account of forward-looking information from the weighted multiple economic scenarios (MES). The Group’s probability-weighted ECL allowance continues to reflect a 30 per cent weighting of base case, upside and downside and a 10 per cent weighting of adjusted severe downside. The majority of post-model adjustments and all individually assessed provisions, although assessed on a range of multiple case specific outcomes, are reported flat under each economic scenario. At 30 June 2020 the impact of MES was an increase of £506 million to the base case (31 December 2019: £191 million). Probability- Severe weighted Upside Base case Downside downside £m £m £m £m £m UK Mortgages 1,111 773 929 1,264 2,214 Other Retail 2,404 2,208 2,383 2,510 2,741 Commercial Banking 2,479 2,157 2,376 2,661 3,208 Other 226 26 26 27 2,027 At 30 June 2020 6,220 5,164 5,714 6,462 10,190 UK Mortgages 569 317 464 653 1,389 Other Retail 1,521 1,443 1,492 1,564 1,712 Commercial Banking 1,224 1,124 1,167 1,289 1,496 Other 66 66 66 66 66 At 31 December 2019 3,380 2,950 3,189 3,572 4,663 Sensitivity of ECL to key economic variables The table below shows the impact on the Group’s ECL resulting from a decrease/increase in loss given default for a 10 percentage point (pp) increase/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 2020 At 31 December 2019 10pp increase in HPI 10 pp decrease in HPI 10pp increase in HPI 10 pp decrease in HPI ECL impact, £m (149) 185 (110) 147 The table below shows the impact on the Group’s ECL resulting from a decrease/increase for a 1 percentage point (pp) increase/decrease in the UK unemployment rate. The increase/decrease is presented based on the adjustment phased evenly over the first ten quarters of the base case scenario. At 30 June 2020 At 31 December 2019 1pp increase in unemployment 1pp decrease in unemployment 1pp increase in unemployment 1 pp decrease in unemployment ECL impact, £m 294 (276) 141 (143) Post-model adjustments Limitations in the Group’s impairment models or input data may be identified through the on-going 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 the overall provision adequately reflects all material risks. These adjustments are generally determined taking into account the particular attributes of the exposure which have not been adequately captured by the primary impairment models. At 30 June 2020 the incorporation of the changes in the economic outlook required an additional £636 million of post model adjustments; other adjustments increased to £377 million from £161 million at 31 December 2019. Economic outlook Other Modelled post-model post-model ECL adjustments adjustments Total ECL £m £m £m £m UK Mortgages 803 50 258 1,111 Other Retail 2,008 358 38 2,404 Commercial Banking 2,370 28 81 2,479 Other 26 200 − 226 At 30 June 2020 5,207 636 377 6,220 At 31 December 2019 3,219 − 161 3,380 Post-model adjustments amounting to £636 million have been made to incorporate aspects of the updated economic outlook that have not been adequately captured by the models including adjustments to losses given default. The adjusted severe downside scenario has also been incorporated using a post model adjustment. At 30 June 2020, other post-model adjustments amounted to £377 million of which £258 million relates to UK Mortgages. This comprises increases for the additional end of term risk on interest-only mortgages of £171 million (31 December 2019: £132 million); accounts in long-term default of £34 million (31 December 2019: £33 million); additional risk on forborne accounts, £21 million, and adjustments to possession rate levels, £32 million. In Other Retail post-model adjustments reflect the extension of modelled lifetime on revolving products of £38 million (31 December 2019: £36 million). All post-model adjustments are reviewed at least half-yearly and are subject to strict internal governance and controls. Significant increase in credit risk An assessment of whether credit risk has increased significantly since initial recognition considers the change in the risk of default occurring over the remaining expected life of the financial instrument. In determining whether there has been a significant increase in credit risk, the Group uses quantitative tests based on relative and absolute probability of default movements linked to internal credit ratings together with qualitative indicators such as watchlists and other indicators of historical delinquency, credit weakness or financial difficulty. These quantitative tests are carried out on both observed and forward-looking probabilities of default (PDs) to determine whether a customer has triggered the required deterioration appropriate for their PD at origination. For each major product grouping, models have been developed which utilise historical credit loss data to produce probabilities of default for each scenario; and it is the overall weighted-average forward-looking PD that is used to assist in determining the staging of financial assets. There have been no changes to the quantitative or qualitative triggers used at 30 June 2020. The Group considers these to continue to perform adequately under the current economic conditions and notably with the widespread use of payment holidays. The use of a payment holiday in itself has not been judged to indicate a significant increase in credit risk, with the underlying long-term credit risk deemed to be driven by economic conditions and captured through the use of forward-looking models. These portfolio level models are capturing the anticipated volume of increased defaults and therefore an appropriate assessment of staging and expected credit loss. Definition of default The probability of default (PD) of an exposure, both over a 12 month period and over its lifetime, is a key input to the measurement of the ECL allowance. Default has occurred when there is evidence that the customer is experiencing significant financial difficulty which is likely to affect the ability to repay amounts due. The Group uses a 90 day past due backstop for all of its products except for UK mortgages where a backstop of 180 days past due is in place. The use of payment holidays is not considered to be an automatic trigger of regulatory default and therefore does not automatically trigger Stage 3. Days past due will also not accumulate on any accounts that have taken a payment holiday including those already past due. Loss given default The calculation of the ECL allowance also requires an estimate to be made of the loss that would be incurred in the event of a default. The loss given default (LGD) is based on market recovery rates and internal credit assessments. The LGD for customers utilising government funding schemes incorporates an appropriate level of recovery dependent upon the individual scheme and corresponding level of guarantee being used. The use of forecast collateral value indices in determining LGDs continues to be effective despite the temporarily low volumes of transactions upon which those indices are based.
Financial instrument valuations	Financial instrument valuations The Group categorises financial instruments carried on the balance sheet at fair value using a three level hierarchy. Financial instruments categorised as level 1 are valued using quoted market prices and therefore minimal estimates are made in determining fair value. The fair value of financial instruments categorised as level 2 and, in particular, level 3 is determined using valuation techniques which involve management judgement and estimates the extent of which depends on the complexity of the instrument and the availability of market observable information. The pandemic has had a significant impact on the fair values of the financial assets and financial liabilities, particularly those that are valued with reference to unobservable interest rate spreads and interest rate volatility, including the funding valuation adjustment on its uncollateralised derivatives. Further details on the valuation of level 3 assets and liabilities, including significant unobservable inputs used in the valuation models, together with the effects of reasonably possible alternative assumptions, are given in note 14

Accounting policies, presenta_3

Accounting policies, presentation and estimates (Tables)	6 Months Ended
	Jun. 30, 2020
Accounting policies, presentation and estimates
Schedule of the key UK economic assumptions made by the Group	Impact of economic assumptions Modelled Adjusted Base case Upside Downside severe severe % % % % % At 30 June 2020 GDP 0.4 0.8 0.3 (0.4) (0.8) Interest rate 0.15 1.06 0.16 0.03 0.03 Unemployment rate 6.0 5.5 7.1 8.1 8.8 House price growth 0.4 4.7 (4.8) (9.6) (9.6) Commercial real estate price growth (0.6) 2.7 (3.5) (8.0) (8.0) At 31 December 2019 GDP 1.4 1.7 1.2 0.5 n/a Interest rate 1.25 2.04 0.49 0.11 n/a Unemployment rate 4.3 3.9 5.8 7.2 n/a House price growth 1.0 4.8 (3.2) (7.7) n/a Commercial real estate price growth 1.8 (3.8) (7.1) n/a Economic assumptions – start to peak Modelled Adjusted Base case Upside Downside severe severe % % % % % At 30 June 2020 GDP 1.9 4.0 1.7 (1.8) (2.0) Interest rate 0.25 1.50 0.21 0.10 0.10 Unemployment rate 9.0 8.6 9.2 9.7 12.5 House price growth 2.1 25.8 0.4 0.4 0.4 Commercial real estate price growth (2.7) 14.8 (2.7) (2.7) (2.7) At 31 December 2019 GDP 7.0 8.6 6.2 2.7 n/a Interest rate 1.75 2.56 0.75 0.75 n/a Unemployment rate 4.6 4.6 6.9 8.3 n/a House price growth 5.2 26.3 (1.9) (2.3) n/a Commercial real estate price growth 0.1 10.4 (0.6) (1.1) n/a Economic assumptions – start to trough Modelled Adjusted Base case Upside Downside severe severe % % % % % At 30 June 2020 GDP (19.7) (19.5) (19.8) (20.2) (26.1) Interest rate 0.10 0.10 0.08 0.01 0.01 Unemployment rate 3.9 3.9 3.9 3.9 3.9 House price growth (6.1) (3.8) (21.6) (39.7) (39.7) Commercial real estate price growth (20.0) (11.5) (27.2) (42.3) (42.3) At 31 December 2019 GDP 0.4 0.7 0.2 (2.7) n/a Interest rate 0.75 0.75 0.35 0.01 n/a Unemployment rate 3.8 3.4 3.9 3.9 n/a House price growth (2.7) (0.8) (14.8) (33.1) n/a Commercial real estate price growth (0.9) 0.3 (17.5) (30.9) n/a Scenarios by year 2020-22 % % % % Base Case GDP (10.0) 6.0 3.0 (1.8) Interest rate 0.10 0.10 0.10 0.10 Unemployment rate 7.2 7.0 5.7 6.7 House price growth (6.0) (0.1) 2.9 (3.3) Commercial real estate price growth (20.0) 10.0 4.0 (8.5) Upside GDP (9.5) 7.5 3.1 0.3 Interest rate 0.21 1.15 1.42 0.92 Unemployment rate 7.1 6.2 4.9 6.1 House price growth (3.7) 5.0 9.0 10.2 Commercial real estate price growth (8.4) 18.6 3.4 12.4 Downside GDP (10.2) 5.8 3.1 (2.0) Interest rate 0.09 0.12 0.19 0.13 Unemployment rate 7.3 7.7 6.8 7.3 House price growth (8.0) (6.1) (4.5) (17.5) Commercial real estate price growth (27.2) 4.0 2.9 (22.1) Severe downside - Modelled GDP (10.9) 3.0 2.2 (6.2) Interest rate 0.06 0.01 0.02 0.03 Unemployment rate 7.5 8.9 8.4 8.3 House price growth (9.5) (11.5) (11.7) (29.2) Commercial real estate price growth (36.2) (7.8) (1.4) (41.9) Severe downside - Adjusted GDP (17.2) 4.1 5.2 (9.4) Interest rate 0.06 0.01 0.02 0.03 Unemployment rate 8.0 11.6 9.2 9.6 House price growth (9.5) (11.5) (11.7) (29.2) Commercial real estate price growth (36.2) (7.8) (1.4) (41.9) Base Case Scenario by Quarter 2020 2020 2020 2021 2021 2021 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 % % % % % % % % Base Case GDP (1.6) (19.3) (10.9) (8.1) (4.7) 18.1 7.7 5.1 Interest rate 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 Unemployment rate 3.9 7.5 8.5 9.0 8.0 7.4 6.6 6.2 House price growth 2.8 0.9 (2.4) (6.0) (6.3) (4.0) (1.1) (0.1) Commercial real estate price growth (5.0) (12.3) (19.9) (20.0) (14.4) (3.7) 7.7 10.0
Schedule of ECL allowance calculated under each scenario	Probability- Severe weighted Upside Base case Downside downside £m £m £m £m £m UK Mortgages 1,111 773 929 1,264 2,214 Other Retail 2,404 2,208 2,383 2,510 2,741 Commercial Banking 2,479 2,157 2,376 2,661 3,208 Other 226 26 26 27 2,027 At 30 June 2020 6,220 5,164 5,714 6,462 10,190 UK Mortgages 569 317 464 653 1,389 Other Retail 1,521 1,443 1,492 1,564 1,712 Commercial Banking 1,224 1,124 1,167 1,289 1,496 Other 66 66 66 66 66 At 31 December 2019 3,380 2,950 3,189 3,572 4,663
Schedule of sensitivity of ECL to key economic variables	At 30 June 2020 At 31 December 2019 10pp increase in HPI 10 pp decrease in HPI 10pp increase in HPI 10 pp decrease in HPI ECL impact, £m (149) 185 (110) 147 At 30 June 2020 At 31 December 2019 1pp increase in unemployment 1pp decrease in unemployment 1pp increase in unemployment 1 pp decrease in unemployment ECL impact, £m 294 (276) 141 (143)
Schedule of post model adjustment	Economic outlook Other Modelled post-model post-model ECL adjustments adjustments Total ECL £m £m £m £m UK Mortgages 803 50 258 1,111 Other Retail 2,008 358 38 2,404 Commercial Banking 2,370 28 81 2,479 Other 26 200 − 226 At 30 June 2020 5,207 636 377 6,220 At 31 December 2019 3,219 − 161 3,380

Segmental analysis (Tables)

Segmental analysis (Tables)	6 Months Ended
	Jun. 30, 2020
Segmental analysis
Schedule of operating segments	Commercial Retail Banking Other Total Half-year to 30 June 2020 £m £m £m £m Net interest income 4,202 1,180 232 5,614 Other income 927 300 925 2,152 Total income 5,129 1,480 1,157 7,766 Costs (2,879) (827) (725) (4,431) Trading surplus 2,250 653 432 3,335 Impairment (2,095) (1,328) (202) (3,625) Profit (loss) before tax 155 (675) 230 (290) External income 5,951 1,223 592 7,766 Intersegment income (822) 257 565 − Total income 5,129 1,480 1,157 7,766 Total external assets 349,485 91,247 166,912 607,644 Total external liabilities 278,950 134,638 153,411 566,999 Commercial Retail Banking Other Total Half-year to 30 June 2019 1 £m £m £m £m Net interest income 4,520 1,371 177 6,068 Other income 1,012 459 1,075 2,546 Total income 5,532 1,830 1,252 8,614 Costs (2,915) (923) (831) (4,669) Trading surplus 2,617 907 421 3,945 Impairment (556) (64) 31 (589) Profit before tax 2,061 843 452 3,356 External income 6,456 1,375 783 8,614 Intersegment income (924) 455 469 − Total income 5,532 1,830 1,252 8,614 Total external assets 347,221 98,596 147,102 592,919 Total external liabilities 260,394 127,691 164,511 552,596 1 Restated, see page 25.

Net fee and commission income (

Net fee and commission income (Tables)	6 Months Ended
	Jun. 30, 2020
Net fee and commission income
Schedule of fee and commission income	Half-year to Half-year to 30 June 30 June £m £m Fee and commission income: Current accounts 305 322 Credit and debit card fees 344 460 Commercial banking and treasury fees 72 80 Private banking and asset management − 37 Factoring 42 53 Other 191 241 Total fee and commission income 954 1,193 Fee and commission expense (421) (531) Net fee and commission income 533 662

Operating expenses (Tables)

Operating expenses (Tables)	6 Months Ended
	Jun. 30, 2020
Operating expenses
Schedule of operating expenses	Half-year to Half-year to 30 June 30 June £m £m Administrative expenses: Staff costs 1,773 2,043 Premises and equipment 225 221 Other expenses 901 1,015 2,899 3,279 Depreciation and amortisation 1,374 1,272 Total operating expenses, excluding regulatory provisions 4,273 4,551 Regulatory provisions (note 12): Payment protection insurance provision — — Other regulatory provisions 158 118 158 118 Total operating expenses 4,431 4,669

Impairment (Tables)

Impairment (Tables)	6 Months Ended
	Jun. 30, 2020
Impairment.
Schedule of Impairment	Half-year to Half-year to 30 June 30 June £m £m Impact of transfers between stages 1,236 379 Other changes in credit quality 1,952 220 Additions (repayments) 181 (56) Methodology, model and assumption changes 56 45 Other items 200 1 2,389 Total impairment charge 3,625 In respect of: Loans and advances to banks 14 — Loans and advances to customers 3,314 610 Debt securities 1 — Due from fellow Lloyds Banking Group undertakings 1 (1) Financial assets at amortised cost 3,330 609 Other assets – — Impairment charge on drawn balances 3,330 609 Loan commitments and financial guarantees 289 (20) Financial assets at fair value through other comprehensive income 6 — Total impairment charge 3,625 589

Taxation (Tables)

Taxation (Tables)	6 Months Ended
	Jun. 30, 2020
Taxation
Schedule of relationship between tax expense and accounting profit	Half-year to Half-year to 30 June 30 June £m £m (Loss) profit before tax (290) 3,356 Tax thereon at UK corporation tax rate of 19 per cent (2019: 19 per cent) 55 (638) Impact of surcharge on banking profits 17 (241) Non-deductible costs: conduct charges (11) (15) Other non-deductible costs (38) (17) Non-taxable income 53 32 Tax relief on coupons on other equity instruments 39 26 Tax exempt gains on disposals – 3 Tax losses where no deferred tax recognised (5) (3) Remeasurement of deferred tax due to rate changes 440 (2) Differences in overseas tax rates 10 (8) Adjustments in respect of prior years 34 100 Tax credit (expense) 594 (763)

Financial assets at fair valu_2

Financial assets at fair value through profit or loss (Tables)	6 Months Ended
	Jun. 30, 2020
Financial assets at fair value through profit or loss
Summary of financial assets at fair value through profit or loss	At 30 June At 31 Dec £m £m Trading assets 246 290 Other financial assets at fair value through profit or loss: Loans and advances to customers 1,934 1,782 Debt securities — 47 Equity shares 206 165 2,140 1,994 Total financial assets at fair value through profit or loss 2,386 2,284

Financial assets at amortised_2

Financial assets at amortised cost (Tables)	6 Months Ended
	Jun. 30, 2020
Financial asset at amortised cost.
Schedule of financial assets at amortised cost	Half-year to 30 June 2020 Purchased or originated credit- Stage 1 Stage 2 Stage 3 impaired Total £m £m £m £m £m Loans and advances to banks At 1 January 2020 4,852 — — — 4,852 Exchange and other adjustments 238 — — — 238 Additions (repayments) 1,995 — — — 1,995 At 30 June 2020 7,085 — — — 7,085 Allowance for impairment losses (15) — — — (15) Total loans and advances to banks 7,070 — — — 7,070 Loans and advances to customers At 1 January 2020 429,767 28,505 5,647 13,714 477,633 Exchange and other adjustments 1,853 26 5 (54) 1,830 Additions (repayments) 9,473 122 (791) (593) 8,211 Transfers to Stage 1 3,152 (3,143) (9) – Transfers to Stage 2 (32,072) 32,416 (344) – Transfers to Stage 3 (1,058) (1,569) 2,627 – (29,978) 27,704 2,274 – Recoveries 86 − 86 Financial assets that have been written off (761) (24) (785) At 30 June 2020 411,115 56,357 6,460 13,043 486,975 Allowance for impairment losses (1,300) (2,141) (1,974) (325) (5,740) Total loans and advances to customers 409,815 54,216 4,486 12,718 481,235 Debt securities At 1 January 2020 5,325 — 1 — 5,326 Exchange and other adjustments 102 — — — 102 Additions (repayments) (213) — — — (213) Financial assets that have been written off — — — — — At 30 June 2020 5,214 — 1 — 5,215 Allowance for impairment losses (1) — (1) — (2) Total debt securities 5,213 — — — 5,213 Due from fellow Lloyds Banking Group undertakings Due from fellow Lloyds Banking Group undertakings 926 — — — 926 Allowance for impairment losses (1) — — — (1) Due from fellow Lloyds Banking Group undertakings, net of impairment allowances 925 — — — 925 Total financial assets at amortised cost 423,023 54,216 4,486 12,718 494,443 Year ended 31 December 2019 Purchased or originated credit- Stage 1 Stage 2 Stage 3 impaired Total £m £m £m £m £m Loans and advances to banks At 1 January 2019 3,691 2 — — 3,693 Exchange and other adjustments (125) — — — (125) Additions (repayments) 1,286 (2) — — 1,284 At 31 December 2019 4,852 — — — 4,852 Allowance for impairment losses — — — — — Total loans and advances to banks 4,852 — — — 4,852 Loans and advances to customers At 1 January 2019 420,968 25,308 5,397 15,391 467,064 Exchange and other adjustments (312) (44) 26 283 (47) Additions (repayments) 13,690 (2,520) (857) (1,934) 8,379 Transfers to Stage 1 6,318 (6,286) (32) — Transfers to Stage 2 (13,052) 13,484 (432) — Transfers to Stage 3 (1,539) (1,437) 2,976 — (8,273) 5,761 2,512 — Recoveries — — 396 28 424 Acquisition of portfolios 3,694 — — — 3,694 Financial assets that have been written off (1,827) (54) (1,881) At 31 December 2019 429,767 28,505 5,647 13,714 477,633 Allowance for impairment losses (669) (993) (1,359) (142) (3,163) Total loans and advances to customers 429,098 27,512 4,288 13,572 474,470 Debt securities At 1 January 2019 5,095 — 2 — 5,097 Exchange and other adjustments (90) — (1) — (91) Additions (repayments) 320 — — — 320 At 31 December 2019 5,325 — 1 — 5,326 Allowance for impairment losses — — (1) — (1) Total debt securities 5,325 — — — 5,325 Due from fellow Lloyds Banking Group undertakings Due from fellow Lloyds Banking Group undertakings 1,854 — 43 — 1,897 Allowance for impairment losses — — (43) — (43) Due from fellow Lloyds Banking Group undertakings, net of impairment allowances 1,854 — — — 1,854 Total financial assets at amortised cost 441,129 27,512 4,288 13,572 486,501

Allowance for impairment loss_2

Allowance for impairment losses (Tables)	6 Months Ended
	Jun. 30, 2020
Allowance for impairment losses.
Schedule of movement in the allowance for impairment losses	Purchased or originated credit- Stage 1 Stage 2 Stage 3 impaired Total £m £m £m £m £m In respect of drawn balances At 1 January 2020 669 993 1,403 142 3,207 Exchange and other adjustments — — 27 (38) (11) Transfers to Stage 1 108 (107) (1) – Transfers to Stage 2 (90) 133 (43) – Transfers to Stage 3 (10) (133) 143 – Impact of transfers between stages (64) 774 445 1,155 (56) 667 544 1,155 Other items charged to the income statement 704 481 745 245 2,175 Charge to the income statement (note 5) 648 1,148 1,289 245 3,330 Advances written off — — (804) (24) (828) Recoveries of advances written off in previous years — — 86 — 86 Discount unwind — — (26) — (26) At 30 June 2020 1,317 2,141 1,975 325 5,758 In respect of undrawn balances At 1 January 2020 91 77 5 — 173 Exchange and other adjustments – — — — — Transfers to Stage 1 8 (8) — — — Transfers to Stage 2 (6) 6 — — — Transfers to Stage 3 — (6) 6 — — Impact of transfers between stages (2) 72 11 — 81 — 64 17 — 81 Other items charged to the income statement 145 50 13 — 208 Charge to the income statement (note 5) 145 114 30 — 289 At 30 June 2020 236 191 35 – 462 Total allowance for impairment losses 1,553 2,332 2,010 325 6,220 In respect of: Loans and advances to banks 15 – – – 15 Loans and advances to customers 1,300 2,141 1,974 325 5,740 Debt securities 1 – 1 – 2 Due from fellow Lloyds Banking Group undertakings 1 – – – 1 Financial assets at amortised cost 1,317 2,141 1,975 325 5,758 Provisions in relation to loan commitments and financial guarantees 236 191 35 – 462 Total allowance for impairment losses 1,553 2,332 2,010 325 6,220 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) 6 – – – 6 Purchased or originated credit- Stage 1 Stage 2 Stage 3 impaired Total £m £m £m £m £m In respect of drawn balances At 1 January 2019 519 992 1,434 78 3,023 Exchange and other adjustments 10 (9) 29 283 313 Transfers to Stage 1 229 (222) (7) — Transfers to Stage 2 (53) 92 (39) — Transfers to Stage 3 (15) (140) 155 — Impact of transfers between stages (175) 353 420 598 (14) 83 529 598 Other items charged to the income statement 154 (73) 894 (193) 782 Charge to the income statement 140 10 1,423 (193) 1,380 Advances written off (1,827) (54) (1,881) Recoveries of advances written off in previous years 396 28 424 Discount unwind (52) – (52) At 31 December 2019 669 993 1,403 142 3,207 In respect of undrawn balances At 1 January 2019 121 63 6 — 190 Exchange and other adjustments (1) 1 – — — Transfers to Stage 1 19 (19) — — Transfers to Stage 2 (4) 4 — — Transfers to Stage 3 (1) (3) 4 — Impact of transfers between stages (17) 24 (1) 6 (3) 6 3 6 Other items charged to the income statement (26) 7 (4) — (23) Charge to the income statement (29) 13 (1) — (17) At 31 December 2019 91 77 5 — 173 Total allowance for impairment losses 760 1,070 1,408 142 3,380 In respect of: Loans and advances to banks — — — — — Loans and advances to customers 669 993 1,359 142 3,163 Debt securities — — 1 — 1 Due from fellow Lloyds Banking Group undertakings — — 43 — 43 Financial assets at amortised cost 669 993 1,403 142 3,207 Provisions in relation to loan commitments and financial guarantees 91 77 5 — 173 Total allowance for impairment losses 760 1,070 1,408 142 3,380 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) — — — — —
Disclosure of impairment charged to profit and loss	Half-year Year ended to 30 June 31 Dec £m £m Drawn balances 3,330 1,380 Undrawn balances 289 (17) Financial assets at fair value through other comprehensive income 6 (1) Total 3,625 1,362

Debt securities in issue (Table

Debt securities in issue (Tables)	6 Months Ended
	Jun. 30, 2020
Debt securities in issue
Schedule of Debt Securities	At 30 June 2020 At 31 December 2019 At fair At fair value value through At through At profit or amortised profit or amortised loss cost Total loss cost Total £m £m £m £m £m £m Medium-term notes issued 7,644 22,556 30,200 7,484 26,628 34,112 Covered bonds – 27,766 27,766 — 29,818 29,818 Certificates of deposit – 3,027 3,027 — 4,925 4,925 Securitisation notes 47 5,867 5,914 47 7,329 7,376 Commercial paper – 6,940 6,940 — 7,731 7,731 Total debt securities in issue 7,691 66,156 73,847 7,531 76,431 83,962

Post-retirement defined benef_2

Post-retirement defined benefit schemes (Tables)	6 Months Ended
	Jun. 30, 2020
Post-retirement defined benefit schemes
Schedule of Group's post-retirement defined benefit scheme obligations	At 30 June At 31 Dec £m £m Defined benefit pension schemes: Fair value of scheme assets 50,696 45,791 Present value of funded obligations (48,593) (45,241) Net pension scheme asset 2,103 550 Other post-retirement schemes (133) (126) Net retirement benefit asset 1,970 424 Recognised on the balance sheet as: Retirement benefit assets 2,241 681 Retirement benefit obligations (271) (257) Net retirement benefit asset 1,970 424
Schedule of movement in the Group's net post-retirement defined benefit scheme asset during the period	£m Asset at 1 January 2020 424 Income statement charge (121) Employer contributions 999 Remeasurement 668 Asset at 30 June 2020 1,970
Schedule of principal assumptions used in the valuations of the defined benefit pension schemes	At 30 June At 31 Dec % % Discount rate 1.54 2.05 Rate of inflation: Retail Prices Index 2.85 2.94 Consumer Price Index 1.90 1.99 Rate of salary increases Weighted-average rate of increase for pensions in payment 2.52 2.57

Provisions for liabilities an_2

Provisions for liabilities and charges (Tables)	6 Months Ended
	Jun. 30, 2020
Provisions for liabilities and charges
Schedule of provisions and liabilities	Provisions Payment Other for protection regulatory commitments insurance provisions Other Total £m £m £m £m £m At 1 January 2020 173 1,874 395 696 3,138 Exchange and other adjustments — — — (3) (3) Provisions applied — (996) (298) (102) (1,396) Charge for the period 289 — 158 63 510 At 30 June 2020 462 878 255 654 2,249

Contingent liabilities and comm

Contingent liabilities and commitments (Tables)	6 Months Ended
	Jun. 30, 2020
Contingent liabilities, commitments and guarantees
Schedule of contingent liabilities and commitments arising from the banking business	At 30 June At 31 Dec £m £m Contingent liabilities Acceptances and endorsements 118 17 Other: Other items serving as direct credit substitutes 246 279 Performance bonds and other transaction-related contingencies 2,116 2,274 2,362 2,553 Total contingent liabilities 2,480 2,570 Commitments and guarantees Documentary credits and other short-term trade-related transactions 1 — Forward asset purchases and forward deposits placed 170 171 Undrawn formal standby facilities, credit lines and other commitments to lend: Less than 1 year original maturity: Mortgage offers made 14,098 12,647 Other commitments and guarantees 82,664 78,306 96,762 90,953 1 year or over original maturity 23,835 25,310 Total commitments and guarantees 120,768 116,434

Fair values of financial asse_2

Fair values of financial assets and liabilities (Tables)	6 Months Ended
	Jun. 30, 2020
Fair values of financial assets and liabilities
Schedule of carrying values and fair values of financial assets and liabilities	At 30 June 2020 At 31 December 2019 Carrying Fair Carrying Fair value value value value £m £m £m £m Financial assets Financial assets at fair value through profit or loss 2,386 2,386 2,284 2,284 Derivative financial instruments 10,790 10,790 8,494 8,494 Loans and advances to banks 7,070 7,071 4,852 4,849 Loans and advances to customers 481,235 481,182 474,470 475,128 Debt securities 5,213 5,206 5,325 5,317 Due from fellow Lloyds Banking Group undertakings 925 925 1,854 1,854 Financial assets at amortised cost 494,443 494,384 486,501 487,148 Financial assets at fair value through other comprehensive income 26,823 26,823 24,617 24,617 Financial liabilities Deposits from banks 26,645 26,647 23,593 23,497 Customer deposits 427,591 427,805 396,839 397,222 Due to fellow Lloyds Banking Group undertakings 6,502 6,502 4,893 4,893 Financial liabilities at fair value through profit or loss 9,102 9,102 7,702 7,702 Derivative financial instruments 9,254 9,254 9,831 9,831 Debt securities in issue 66,156 69,869 76,431 78,632 Subordinated liabilities 12,125 15,949 12,586 14,542
Schedule of financial assets carried at fair value by valuation hierarchy	Level 1 Level 2 Level 3 Total £m £m £m £m At 30 June 2020 Financial assets at fair value through profit or loss: Loans and advances to customers — — 1,934 1,934 Debt securities 246 — — 246 Equity shares 202 4 — 206 Total financial assets at fair value through profit or loss 448 4 1,934 2,386 Financial assets at fair value through other comprehensive income: Debt securities 14,114 12,645 64 26,823 Equity shares — — — — Total financial assets at fair value through other comprehensive income 14,114 12,645 64 26,823 Derivative financial instruments — 10,775 15 10,790 Total financial assets carried at fair value 14,562 23,424 2,013 39,999 At 31 December 2019 Financial assets at fair value through profit or loss: Loans and advances to customers — — 1,782 1,782 Debt securities 290 — 47 337 Equity shares 161 4 — 165 Total financial assets at fair value through profit or loss 451 4 1,829 2,284 Financial assets at fair value through other comprehensive income: Debt securities 12,844 11,274 60 24,178 Treasury and other bills 439 — — 439 Total financial assets at fair value through other comprehensive income 13,283 11,274 60 24,617 Derivative financial instruments — 8,494 — 8,494 Total financial assets carried at fair value 13,734 19,772 1,889 35,395
Schedule of financial liabilities carried at fair value by valuation hierarchy	Level 1 Level 2 Level 3 Total £m £m £m £m At 30 June 2020 Financial liabilities at fair value through profit or loss: Liabilities held at fair value through profit or loss — 7,644 47 7,691 Trading liabilities 90 1,321 — 1,411 Total financial liabilities at fair value through profit or loss 90 8,965 47 9,102 Derivative financial instruments — 8,907 347 9,254 Total financial liabilities carried at fair value 90 17,872 394 18,356 At 31 December 2019 Financial liabilities at fair value through profit or loss: Liabilities held at fair value through profit or loss — 7,484 47 7,531 Trading liabilities 73 98 — 171 Total financial liabilities at fair value through profit or loss 73 7,582 47 7,702 Derivative financial instruments — 9,534 297 9,831 Total financial liabilities carried at fair value 73 17,116 344 17,533
Schedule of movements in the level 3 financial assets portfolio	Financial Financial assets at Total assets at fair value financial fair value through other assets through profit comprehensive Derivative carried at or loss income assets fair value £m £m £m At 1 January 2020 1,829 60 — 1,889 Exchange and other adjustments 79 4 — 83 Gains recognised in the income statement within other income 20 — 1 21 Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income — — — — Purchases 368 — — 368 Sales (312) — — (312) Transfers into the level 3 portfolio — — 14 14 Transfers out of the level 3 portfolio (50) — — (50) At 30 June 2020 1,934 64 15 2,013 Gains (losses) recognised in the income statement within other income relating to those assets held at 30 June 2020 105 — — 105 Financial Financial assets at Total assets at fair value financial fair value through other assets through profit comprehensive Derivative carried at or loss income assets fair value £m £m £m £m At 1 January 2019 2,721 53 5 2,779 Exchange and other adjustments 1 — — 1 Gains recognised in the income statement within other income 2 — — 2 Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income — 4 — 4 Purchases 483 – — 483 Sales (1,272) (1) — (1,273) Transfers into the level 3 portfolio 399 — 21 420 At 30 June 2019 2,334 56 26 2,416 Gains (losses) recognised in the income statement within other income relating to those assets held at 30 June 2019 — — — —
Schedule of movements in the level 3 financial liabilities portfolio	The tables below analyse movements in the level 3 financial liabilities portfolio. Financial Total liabilities at financial fair value liabilities through Derivative carried at profit or loss liabilities fair value £m £m £m At 1 January 2020 47 297 344 Losses recognised in the income statement within other income 1 12 13 Redemptions (1) (8) (9) Transfers into the level 3 portfolio — 46 46 At 30 June 2020 47 347 394 Losses recognised in the income statement within other income relating to those liabilities held at 30 June 2020 — — — Financial Total liabilities at financial fair value liabilities through Derivative carried at profit or loss liabilities fair value £m £m £m At 1 January 2019 — 8 8 Losses recognised in the income statement within other income — 8 8 Additions — — — Redemptions (1) (12) (13) Transfers into the level 3 portfolio 53 345 398 Transfers out of the level 3 portfolio — — — At 30 June 2019 52 349 401 Losses recognised in the income statement within other income relating to those liabilities held at 30 June 2019 — 8 8
Schedule of effects of reasonably possible alternative assumptions for categories of level 3 financial assets and financial liabilities	At 30 June 2020 Effect of reasonably possible alternative Significant assumptions 1 unobservable Carrying Favourable Unfavourable Valuation technique(s) inputs Range 2 value changes changes £m £m £m Financial assets at fair value through profit or loss: Loans and advances to customers Discounted cash flows Inferred spreads (bps) 50 bps /103bps 1,934 37 (37) 1,934 Financial assets at fair value through other comprehensive income: 64 Derivative financial assets: Interest rate derivatives Option pricing model Interest rate volatility 0% / 176% 15 Financial assets carried at fair value 2,013 Financial liabilities at fair value through profit or loss 47 Derivative financial liabilities: Interest rate derivatives Option pricing model Interest rate volatility 32% / 58% 50 Interest rate derivatives Market values – property valuation HPI -5% / +5% 297 347 Financial liabilities carried at fair value 394 1 Where the exposure to an unobservable input is managed on a net basis, only the net impact is shown in the table. 2 The range represents the highest and lowest inputs used in the level 3 valuations. At 31 December 2019 Effect of reasonably possible alternative Significant assumptions 1 unobservable Carrying Favourable Unfavourable Valuation technique(s) inputs Range 2 value changes changes £m £m £m Financial assets at fair value through profit or loss: Loans and advances to customers Discounted cash flows Interest rate spreads (bps) 50 bps / 102 bps 1,782 36 (39) Debt securities 47 1,829 Financial assets at fair value through other comprehensive income 60 Financial assets carried at fair value 1,889 Financial liabilities at fair value through profit or loss: 47 Derivative financial liabilities: 297 Financial liabilities carried at fair value 344 1 Where the exposure to an unobservable input is managed on a net basis, only the net impact is shown in the table. 2 The range represents the highest and lowest inputs used in the level 3 valuations.

Credit quality of loans and a_2

Credit quality of loans and advances to banks and customers (Tables)	6 Months Ended
	Jun. 30, 2020
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 At 30 June 2020 Purchased or originated credit- PD Stage 1 Stage 2 Stage 3 impaired Total range £m £m £m £m £m Loans and advances to banks: CMS 1-10 - 0.50 % 3,664 — — — 3,664 CMS 11-14 - 3.00 % 3,384 — — — 3,384 CMS 15-18 - 20.00 % 37 — — — 37 CMS 19 - 99.99 % — — — — — CMS 20-23 100 % — — — — — 7,085 — — — 7,085 Loans and advances to customers: Retail – mortgages RMS 1-6 - 4.50 % 236,569 27,321 — — 263,890 RMS 7-9 - 14.00 % 8 3,770 — — 3,778 RMS 10 - 20.00 % — 862 — — 862 RMS 11-13 - 99.99 % — 2,354 — — 2,354 RMS 14 100.00 % — — 1,800 13,043 14,843 236,577 34,307 1,800 13,043 285,727 Retail – credit cards RMS 1-6 - 4.50 % 10,070 456 — — 10,526 RMS 7-9 - 14.00 % 2,882 641 — — 3,523 RMS 10 - 20.00 % 403 361 — — 764 RMS 11-13 - 99.99 % 84 630 — — 714 RMS 14 100.00 % — — 368 — 368 13,439 2,088 368 — 15,895 Retail – UK Motor Finance RMS 1-6 - 4.50 % 11,615 1,762 — — 13,377 RMS 7-9 - 14.00 % 1,054 693 — — 1,747 RMS 10 - 20.00 % — 155 — — 155 RMS 11-13 - 99.99 % 5 310 — — 315 RMS 14 100.00 % — — 236 — 236 12,674 2,920 236 — 15,830 Retail – other RMS 1-6 - 4.50 % 19,242 693 — — 19,935 RMS 7-9 - 14.00 % 3,213 546 — — 3,759 RMS 10 - 20.00 % 787 191 — — 978 RMS 11-13 - 99.99 % 997 631 — — 1,628 RMS 14 100.00 % — — 480 — 480 24,239 2,061 480 — 26,780 Total Retail 286,929 41,376 2,884 13,043 344,232 At 30 June 2020 Purchased or originated credit- PD Stage 1 Stage 2 Stage 3 impaired Total range £m £m £m £m £m Commercial CMS 1-10 - 0.50 % 20,094 114 — — 20,208 CMS 11-14 - 3.00 % 35,518 6,935 — — 42,453 CMS 15-18 - 20.00 % 7,321 6,366 — — 13,687 CMS 19 - 99.99 % — 1,542 — — 1,542 CMS 20-23 100 % — — 3,493 — 3,493 62,933 14,957 3,493 — 81,383 Other RMS 1-6 - 4.50 % 764 24 — — 788 RMS 7-9 - 14.00 % — — — — — RMS 10 - 20.00 % — — — — — RMS 11-13 - 99.99 % — — — — — RMS 14 100.00 % — — 83 — 83 764 24 83 — 871 CMS 1-10 - 0.50 % 60,489 — — — 60,489 CMS 11-14 - 3.00 % — — — — — CMS 15-18 - 20.00 % — — — — — CMS 19 - 99.99 % — — — — — CMS 20-23 100 % — — — — — 60,489 — — — 60,489 Total loans and advances to customers 411,115 56,357 6,460 13,043 486,975 In respect of: Retail 286,929 41,376 2,884 13,043 344,232 Commercial 62,933 14,957 3,493 — 81,383 Other 61,253 24 83 — 61,360 Total loans and advances to customers 411,115 56,357 6,460 13,043 486,975 The update to the Group’s economic outlook has contributed to a deterioration of assigned credit quality and an increase in stage 2 balances due to the forward-looking probability of default (PD) used for rating segmentation. Lending originated under the UK Government’s COVID-19 support schemes is rated according to the customer’s probability of default; the Government guarantees impact the anticipated loss given default (LGD). Expected credit losses At 30 June 2020 Purchased or originated credit- PD Stage 1 Stage 2 Stage 3 impaired Total range £m £m £m £m £m Loans and advances to banks: CMS 1-10 - 0.50 % — — — — — CMS 11-14 - 3.00 % 14 — — — 14 CMS 15-18 - 20.00 % 1 — — — 1 CMS 19 - 99.99 % — — — — — CMS 20-23 100 % — — — — — 15 — — — 15 Loans and advances to customers: Retail – mortgages RMS 1-6 - 4.50 % 106 250 — — 356 RMS 7-9 - 14.00 % — 79 — — 79 RMS 10 - 20.00 % — 28 — — 28 RMS 11-13 - 99.99 % — 134 — — 134 RMS 14 100.00 % — — 187 325 512 106 491 187 325 1,109 Retail – credit cards RMS 1-6 - 4.50 % 96 22 — — 118 RMS 7-9 - 14.00 % 134 61 — — 195 RMS 10 - 20.00 % 44 58 — — 102 RMS 11-13 - 99.99 % 13 208 — — 221 RMS 14 100.00 % — — 121 — 121 287 349 121 — 757 Retail – UK Motor Finance RMS 1-6 - 4.50 % 184 50 — — 234 RMS 7-9 - 14.00 % 8 47 — — 55 RMS 10 - 20.00 % — 21 — — 21 RMS 11-13 - 99.99 % — 99 — — 99 RMS 14 100.00 % — — 152 — 152 192 217 152 — 561 Retail - other RMS 1-6 - 4.50 % 116 28 — — 144 RMS 7-9 - 14.00 % 110 43 — — 153 RMS 10 - 20.00 % 22 35 — — 57 RMS 11-13 - 99.99 % 17 213 — — 230 RMS 14 100.00 % — — 173 — 173 265 319 173 — 757 Total Retail 850 1,376 633 325 3,184 At 30 June 2020 Purchased or originated credit- PD Stage 1 Stage 2 Stage 3 impaired Total range £m £m £m £m £m Commercial CMS 1-10 - 0.50 % 9 — — — 9 CMS 11-14 - 3.00 % 120 159 — — 279 CMS 15-18 - 20.00 % 108 376 — — 484 CMS 19 - 99.99 % — 230 — — 230 CMS 20-23 100 % — — 1,328 — 1,328 237 765 1,328 — 2,330 Other RMS 1-6 - % 13 — — — 13 RMS 7-9 - % — — — — — RMS 10 - % — — — — — RMS 11-13 - % — — — — — RMS 14 100.00 % — — 13 — 13 13 — 13 — 26 CMS 1-10 - 0.50 % — — — — — CMS 11-14 - 3.00 % — — — — — CMS 15-18 - 20.00 % — — — — — CMS 19 - 99.99 % — — — — — CMS 20-23 100 % — — — — — — — — — — Central adjustment to severe scenario 200 — — — 200 Total loans and advances to customers 1,300 2,141 1,974 325 5,740 In respect of: Retail 850 1,376 633 325 3,184 Commercial 237 765 1,328 — 2,330 Other 213 — 13 — 226 Total loans and advances to customers 1,300 2,141 1,974 325 5,740 Gross drawn exposures At 31 December 2019 Purchased or originated credit- PD Stage 1 Stage 2 Stage 3 impaired Total range £m £m £m £m £m Loans and advances to banks: CMS 1-10 - 0.50 % 4,852 — — — 4,852 CMS 11-14 - 3.00 % – — — — – CMS 15-18 - 20.00 % – — — — – CMS 19 - 99.99 % – — — — – CMS 20-23 100 % – — — — – 4,852 — — — 4,852 Loans and advances to customers: Retail – mortgages RMS 1-6 - % 257,028 13,494 — — 270,522 RMS 7-9 - % 15 2,052 — — 2,067 RMS 10 - % – 414 — — 414 RMS 11-13 - % – 975 — — 975 RMS 14 100.00 % – – 1,506 13,714 15,220 257,043 16,935 1,506 13,714 289,198 Retail – credit cards RMS 1-6 - % 14,745 729 — — 15,474 RMS 7-9 - % 1,355 556 — — 1,911 RMS 10 - % 32 105 — — 137 RMS 11-13 - % 1 291 — — 292 RMS 14 100.00 % – – 385 — 385 16,133 1,681 385 — 18,199 Retail – UK Motor Finance RMS 1-6 - % 13,568 1,297 — — 14,865 RMS 7-9 - % 314 368 — — 682 RMS 10 - % – 99 — — 99 RMS 11-13 - % 2 178 — — 180 RMS 14 100.00 % – – 150 — 150 13,884 1,942 150 — 15,976 Retail - other RMS 1-6 - % 17,166 763 — — 17,929 RMS 7-9 - % 1,330 784 — — 2,114 RMS 10 - % 44 91 — — 135 RMS 11-13 - % 151 338 — — 489 RMS 14 100.00 % – – 443 — 443 18,691 1,976 443 — 21,110 Total Retail 305,751 22,534 2,484 13,714 344,483 At 31 December 2019 Purchased or originated credit- PD Stage 1 Stage 2 Stage 3 impaired Total range £m £m £m £m £m Commercial CMS 1-10 - 0.50 % 43,118 370 — — 43,488 CMS 11-14 - 3.00 % 25,341 2,312 — — 27,653 CMS 15-18 - 20.00 % 1,793 3,089 — — 4,882 CMS 19 - 99.99 % – 168 — — 168 CMS 20-23 100 % – – 3,109 — 3,109 70,252 5,939 3,109 — 79,300 Other RMS 1-6 - 4.50 % 754 32 — — 786 RMS 7-9 - 14.00 % – – — — – RMS 10 - 20.00 % – – — — – RMS 11-13 - 99.99 % – – — — – RMS 14 100.00 % – – 54 — 54 754 32 54 — 840 CMS 1-10 - 0.50 % 53,010 — — — 53,010 CMS 11-14 - 3.00 % — — — — — CMS 15-18 - 20.00 % — — — — — CMS 19 - 99.99 % — — — — — CMS 20-23 100 % — — — — — 53,010 — — — 53,010 Total loans and advances to customers 429,767 28,505 5,647 13,714 477,633 In respect of: Retail 305,751 22,534 2,484 13,714 344,483 Commercial 70,252 5,939 3,109 – 79,300 Other 53,764 32 54 – 53,850 Total loans and advances to customers 429,767 28,505 5,647 13,714 477,633 Expected credit losses At 31 December 2019 Purchased or originated credit- PD Stage 1 Stage 2 Stage 3 impaired Total range £m £m £m £m £m Loans and advances to banks: CMS 1-10 - 0.50 % — — — — — CMS 11-14 - 3.00 % — — — — — CMS 15-18 - 20.00 % — — — — — CMS 19 - 99.99 % — — — — — CMS 20-23 100 % — — — — — — — — — — Loans and advances to customers: Retail – mortgages RMS 1-6 - 4.50 % 23 183 — — 206 RMS 7-9 - 14.00 % – 39 — — 39 RMS 10 - 20.00 % – 13 — — 13 RMS 11-13 - 99.99 % – 46 — — 46 RMS 14 100.00 % – – 122 142 264 23 281 122 142 568 Retail – credit cards RMS 1-6 - 4.50 % 103 25 — — 128 RMS 7-9 - 14.00 % 49 54 — — 103 RMS 10 - 20.00 % 3 19 — — 22 RMS 11-13 - 99.99 % – 91 — — 91 RMS 14 100.00 % – – 126 — 126 155 189 126 — 470 Retail – UK Motor Finance RMS 1-6 - 4.50 % 203 30 — — 233 RMS 7-9 - 14.00 % 10 15 — — 25 RMS 10 - 20.00 % – 10 — — 10 RMS 11-13 - 99.99 % 1 32 — — 33 RMS 14 100.00 % – – 84 — 84 214 87 84 — 385 Retail - other RMS 1-6 - 4.50 % 109 26 — — 135 RMS 7-9 - 14.00 % 55 64 — — 119 RMS 10 - 20.00 % 4 16 — — 20 RMS 11-13 - 99.99 % 3 103 — — 106 RMS 14 100.00 % – – 158 — 158 171 209 158 — 538 Total Retail 563 766 490 142 1,961 At 31 December 2019 Purchased or originated credit- PD Stage 1 Stage 2 Stage 3 impaired Total range £m £m £m £m £m Commercial CMS 1-10 - 0.50 % 27 2 — — 29 CMS 11-14 - 3.00 % 50 37 — — 87 CMS 15-18 - 20.00 % 13 171 — — 184 CMS 19 - 99.99 % – 16 — — 16 CMS 20-23 100 % – – 859 — 859 90 226 859 — 1,175 Other RMS 1-6 - 4.50 % 16 1 — — 17 RMS 7-9 - 14.00 % — — — — — RMS 10 - 20.00 % — — — — — RMS 11-13 - 99.99 % — — — — — RMS 14 100.00 % — — 10 — 10 16 1 10 — 27 CMS 1-10 - 0.50 % — — — — — CMS 11-14 - 3.00 % — — — — — CMS 15-18 - 20.00 % — — — — — CMS 19 - 99.99 % — — — — — CMS 20-23 100 % — — — — — — — — — — Total loans and advances to customers 669 993 1,359 142 3,163 In respect of: Retail 563 766 490 142 1,961 Commercial 90 226 859 — 1,175 Other 16 1 10 — 27 Total loans and advances to customers 669 993 1,359 142 3,163

Related party transactions (Tab

Related party transactions (Tables)	6 Months Ended
	Jun. 30, 2020
Related party transactions.
Schedule of balances and transactions with fellow Lloyds Banking Group undertakings	At At 30 June 31 Dec £m £m Assets Due from fellow Lloyds Banking Group undertakings 925 1,854 Derivative financial instruments 912 591 Liabilities Due to fellow Lloyds Banking Group undertakings 6,502 4,893 Derivative financial instruments 1,629 1,986 Financial liabilities at fair value through profit or loss 1,228 1 Debt securities in issue 12,410 11,181 Subordinated liabilities 4,227 3,663

Accounting policies, presenta_4

Accounting policies, presentation and estimates (Details) - GBP (£) £ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Allowance for impairment losses
Allowance account for credit losses of financial assets	£ 6,220	£ 3,380
Averaged period (in years)	5 years
Modelled ECL
Allowance for impairment losses
Allowance account for credit losses of financial assets	£ 5,207	3,219
Economic outlook post model adjustment
Allowance for impairment losses
Allowance account for credit losses of financial assets	636
Other post model adjustment
Allowance for impairment losses
Allowance account for credit losses of financial assets	377	161
10pp increase in HPI
Sensitivity of ECL to key economic variables
ECL impact	(149)	(110)
10pp decrease in HPI
Sensitivity of ECL to key economic variables
ECL impact	185	147
1pp increase in unemployment
Sensitivity of ECL to key economic variables
ECL impact	294	141
1pp decrease in unemployment
Sensitivity of ECL to key economic variables
ECL impact	(276)	(143)
Drawn balance
Allowance for impairment losses
Allowance account for credit losses of financial assets	5,758	3,207
UK Mortgages
Allowance for impairment losses
Allowance account for credit losses of financial assets	1,111
UK Mortgages | Modelled ECL
Allowance for impairment losses
Allowance account for credit losses of financial assets	803
UK Mortgages | Economic outlook post model adjustment
Allowance for impairment losses
Allowance account for credit losses of financial assets	50
UK Mortgages | Other post model adjustment
Allowance for impairment losses
Allowance account for credit losses of financial assets	258
UK Mortgages | Other post model adjustment | Interest-only mortgages
Post-model adjustments
Increase (decrease) in credit loss	171	132
UK Mortgages | Other post model adjustment | Accounts in long-term default
Post-model adjustments
Increase (decrease) in credit loss	34	33
UK Mortgages | Other post model adjustment | Additional risk on forborne accounts
Post-model adjustments
Increase (decrease) in credit loss	21
UK Mortgages | Other post model adjustment | Adjustments to possession rate levels
Post-model adjustments
Increase (decrease) in credit loss	32
Other Retail
Allowance for impairment losses
Allowance account for credit losses of financial assets	2,404
Other Retail | Modelled ECL
Allowance for impairment losses
Allowance account for credit losses of financial assets	2,008
Other Retail | Economic outlook post model adjustment
Allowance for impairment losses
Allowance account for credit losses of financial assets	358
Other Retail | Other post model adjustment
Allowance for impairment losses
Allowance account for credit losses of financial assets	38
Other Retail | Other post model adjustment | Modelled lifetime on revolving products
Post-model adjustments
Increase (decrease) in credit loss	38	36
Commercial
Allowance for impairment losses
Allowance account for credit losses of financial assets	2,479
Commercial | Modelled ECL
Allowance for impairment losses
Allowance account for credit losses of financial assets	2,370
Commercial | Economic outlook post model adjustment
Allowance for impairment losses
Allowance account for credit losses of financial assets	28
Commercial | Other post model adjustment
Allowance for impairment losses
Allowance account for credit losses of financial assets	81
Other
Allowance for impairment losses
Allowance account for credit losses of financial assets	226
Other | Modelled ECL
Allowance for impairment losses
Allowance account for credit losses of financial assets	26
Other | Economic outlook post model adjustment
Allowance for impairment losses
Allowance account for credit losses of financial assets	200
Probability-weighted scenario
Impact of multiple economic scenarios
ECL allowance	6,220	3,380
Probability-weighted scenario | UK Mortgages
Impact of multiple economic scenarios
ECL allowance	1,111	569
Probability-weighted scenario | Other Retail
Impact of multiple economic scenarios
ECL allowance	2,404	1,521
Probability-weighted scenario | Commercial
Impact of multiple economic scenarios
ECL allowance	2,479	1,224
Probability-weighted scenario | Other
Impact of multiple economic scenarios
ECL allowance	£ 226	£ 66
Base Case Scenario
Allowance for impairment losses
Weightage	30.00%	30.00%
Economic assumptions
GDP	0.40%	1.40%
Interest rate	0.15%	1.25%
Unemployment rate	6.00%	4.30%
House price growth	0.40%	1.00%
CRE price growth	(0.60%)	0.00%
Impact of multiple economic scenarios
Impact of MES	£ 506	£ 191
ECL allowance	£ 5,714	3,189
Base Case Scenario | 2020
Economic assumptions
GDP	(10.00%)
Interest rate	0.10%
Unemployment rate	7.20%
House price growth	(6.00%)
CRE price growth	(20.00%)
Base Case Scenario | 2020 Q1
Economic assumptions
GDP	(1.60%)
Interest rate	0.10%
Unemployment rate	3.90%
House price growth	2.80%
CRE price growth	(5.00%)
Base Case Scenario | 2020 Q2
Economic assumptions
GDP	(19.30%)
Interest rate	0.10%
Unemployment rate	7.50%
House price growth	0.90%
CRE price growth	(12.30%)
Base Case Scenario | 2020 Q3
Economic assumptions
GDP	(10.90%)
Interest rate	0.10%
Unemployment rate	8.50%
House price growth	(2.40%)
CRE price growth	(19.90%)
Base Case Scenario | 2020 Q4
Economic assumptions
GDP	(8.10%)
Interest rate	0.10%
Unemployment rate	9.00%
House price growth	(6.00%)
CRE price growth	(20.00%)
Base Case Scenario | 2021
Economic assumptions
GDP	6.00%
Interest rate	0.10%
Unemployment rate	7.00%
House price growth	(0.10%)
CRE price growth	10.00%
Base Case Scenario | 2021 Q1
Economic assumptions
GDP	(4.70%)
Interest rate	0.10%
Unemployment rate	8.00%
House price growth	(6.30%)
CRE price growth	(14.40%)
Base Case Scenario | 2021 Q2
Economic assumptions
GDP	18.10%
Interest rate	0.10%
Unemployment rate	7.40%
House price growth	(4.00%)
CRE price growth	(3.70%)
Base Case Scenario | 2021 Q3
Economic assumptions
GDP	7.70%
Interest rate	0.10%
Unemployment rate	6.60%
House price growth	(1.10%)
CRE price growth	7.70%
Base Case Scenario | 2021 Q4
Economic assumptions
GDP	5.10%
Interest rate	0.10%
Unemployment rate	6.20%
House price growth	(0.10%)
CRE price growth	10.00%
Base Case Scenario | 2022
Economic assumptions
GDP	3.00%
Interest rate	0.10%
Unemployment rate	5.70%
House price growth	2.90%
CRE price growth	4.00%
Base Case Scenario | 2020-2022
Economic assumptions
GDP	(1.80%)
Interest rate	0.10%
Unemployment rate	6.70%
House price growth	(3.30%)
CRE price growth	(8.50%)
Base Case Scenario | UK Mortgages
Impact of multiple economic scenarios
ECL allowance	£ 929	464
Base Case Scenario | Other Retail
Impact of multiple economic scenarios
ECL allowance	2,383	1,492
Base Case Scenario | Commercial
Impact of multiple economic scenarios
ECL allowance	2,376	1,167
Base Case Scenario | Other
Impact of multiple economic scenarios
ECL allowance	£ 26	£ 66
Base Case Scenario | Start to peak
Economic assumptions
GDP	1.90%	7.00%
Interest rate	0.25%	1.75%
Unemployment rate	9.00%	4.60%
House price growth	2.10%	5.20%
CRE price growth	(2.70%)	0.10%
Base Case Scenario | Start to trough
Economic assumptions
GDP	(19.70%)	0.40%
Interest rate	0.10%	0.75%
Unemployment rate	3.90%	3.80%
House price growth	(6.10%)	(2.70%)
CRE price growth	(20.00%)	(0.90%)
Upside Scenario
Allowance for impairment losses
Weightage	30.00%	30.00%
Economic assumptions
GDP	0.80%	1.70%
Interest rate	1.06%	2.04%
Unemployment rate	5.50%	3.90%
House price growth	4.70%	4.80%
CRE price growth	2.70%	1.80%
Impact of multiple economic scenarios
ECL allowance	£ 5,164	£ 2,950
Upside Scenario | 2020
Economic assumptions
GDP	(9.50%)
Interest rate	0.21%
Unemployment rate	7.10%
House price growth	(3.70%)
CRE price growth	(8.40%)
Upside Scenario | 2021
Economic assumptions
GDP	7.50%
Interest rate	1.15%
Unemployment rate	6.20%
House price growth	5.00%
CRE price growth	18.60%
Upside Scenario | 2022
Economic assumptions
GDP	3.10%
Interest rate	1.42%
Unemployment rate	4.90%
House price growth	9.00%
CRE price growth	3.40%
Upside Scenario | 2020-2022
Economic assumptions
GDP	0.30%
Interest rate	0.92%
Unemployment rate	6.10%
House price growth	10.20%
CRE price growth	12.40%
Upside Scenario | UK Mortgages
Impact of multiple economic scenarios
ECL allowance	£ 773	317
Upside Scenario | Other Retail
Impact of multiple economic scenarios
ECL allowance	2,208	1,443
Upside Scenario | Commercial
Impact of multiple economic scenarios
ECL allowance	2,157	1,124
Upside Scenario | Other
Impact of multiple economic scenarios
ECL allowance	£ 26	£ 66
Upside Scenario | Start to peak
Economic assumptions
GDP	4.00%	8.60%
Interest rate	1.50%	2.56%
Unemployment rate	8.60%	4.60%
House price growth	25.80%	26.30%
CRE price growth	14.80%	10.40%
Upside Scenario | Start to trough
Economic assumptions
GDP	(19.50%)	0.70%
Interest rate	0.10%	0.75%
Unemployment rate	3.90%	3.40%
House price growth	(3.80%)	(0.80%)
CRE price growth	(11.50%)	0.30%
Downside Scenario
Allowance for impairment losses
Weightage	30.00%	30.00%
Economic assumptions
GDP	0.30%	1.20%
Interest rate	0.16%	0.49%
Unemployment rate	7.10%	5.80%
House price growth	(4.80%)	(3.20%)
CRE price growth	(3.50%)	(3.80%)
Impact of multiple economic scenarios
ECL allowance	£ 6,462	£ 3,572
Downside Scenario | 2020
Economic assumptions
GDP	(10.20%)
Interest rate	0.09%
Unemployment rate	7.30%
House price growth	(8.00%)
CRE price growth	(27.20%)
Downside Scenario | 2021
Economic assumptions
GDP	5.80%
Interest rate	0.12%
Unemployment rate	7.70%
House price growth	(6.10%)
CRE price growth	4.00%
Downside Scenario | 2022
Economic assumptions
GDP	3.10%
Interest rate	0.19%
Unemployment rate	6.80%
House price growth	(4.50%)
CRE price growth	2.90%
Downside Scenario | 2020-2022
Economic assumptions
GDP	(2.00%)
Interest rate	0.13%
Unemployment rate	7.30%
House price growth	(17.50%)
CRE price growth	(22.10%)
Downside Scenario | UK Mortgages
Impact of multiple economic scenarios
ECL allowance	£ 1,264	653
Downside Scenario | Other Retail
Impact of multiple economic scenarios
ECL allowance	2,510	1,564
Downside Scenario | Commercial
Impact of multiple economic scenarios
ECL allowance	2,661	1,289
Downside Scenario | Other
Impact of multiple economic scenarios
ECL allowance	£ 27	£ 66
Downside Scenario | Start to peak
Economic assumptions
GDP	1.70%	6.20%
Interest rate	0.21%	0.75%
Unemployment rate	9.20%	6.90%
House price growth	0.40%	(1.90%)
CRE price growth	(2.70%)	(0.60%)
Downside Scenario | Start to trough
Economic assumptions
GDP	(19.80%)	0.20%
Interest rate	0.08%	0.35%
Unemployment rate	3.90%	3.90%
House price growth	(21.60%)	(14.80%)
CRE price growth	(27.20%)	(17.50%)
Modelled severe scenario
Economic assumptions
GDP	(0.40%)	0.50%
Interest rate	0.03%	0.11%
Unemployment rate	8.10%	7.20%
House price growth	(9.60%)	(7.70%)
CRE price growth	(8.00%)	(7.10%)
Modelled severe scenario | 2020
Economic assumptions
GDP	(10.90%)
Interest rate	0.06%
Unemployment rate	7.50%
House price growth	(9.50%)
CRE price growth	(36.20%)
Modelled severe scenario | 2021
Economic assumptions
GDP	3.00%
Interest rate	0.01%
Unemployment rate	8.90%
House price growth	(11.50%)
CRE price growth	(7.80%)
Modelled severe scenario | 2022
Economic assumptions
GDP	2.20%
Interest rate	0.02%
Unemployment rate	8.40%
House price growth	(11.70%)
CRE price growth	(1.40%)
Modelled severe scenario | 2020-2022
Economic assumptions
GDP	(6.20%)
Interest rate	0.03%
Unemployment rate	8.30%
House price growth	(29.20%)
CRE price growth	(41.90%)
Modelled severe scenario | Start to peak
Economic assumptions
GDP	(1.80%)	2.70%
Interest rate	0.10%	0.75%
Unemployment rate	9.70%	8.30%
House price growth	0.40%	(2.30%)
CRE price growth	(2.70%)	(1.10%)
Modelled severe scenario | Start to trough
Economic assumptions
GDP	(20.20%)	(2.70%)
Interest rate	0.01%	0.01%
Unemployment rate	3.90%	3.90%
House price growth	(39.70%)	(33.10%)
CRE price growth	(42.30%)	(30.90%)
Adjusted severe scenario
Economic assumptions
GDP	(0.80%)
Interest rate	0.03%
Unemployment rate	8.80%
House price growth	(9.60%)
CRE price growth	(8.00%)
Adjusted severe scenario | 2020
Economic assumptions
GDP	(17.20%)
Interest rate	0.06%
Unemployment rate	8.00%
House price growth	(9.50%)
CRE price growth	(36.20%)
Adjusted severe scenario | 2021
Economic assumptions
GDP	4.10%
Interest rate	0.01%
Unemployment rate	11.60%
House price growth	(11.50%)
CRE price growth	(7.80%)
Adjusted severe scenario | 2022
Economic assumptions
GDP	5.20%
Interest rate	0.02%
Unemployment rate	9.20%
House price growth	(11.70%)
CRE price growth	(1.40%)
Adjusted severe scenario | 2020-2022
Economic assumptions
GDP	(9.40%)
Interest rate	0.03%
Unemployment rate	9.60%
House price growth	(29.20%)
CRE price growth	(41.90%)
Adjusted severe scenario | Start to peak
Economic assumptions
GDP	(2.00%)
Interest rate	0.10%
Unemployment rate	12.50%
House price growth	0.40%
CRE price growth	(2.70%)
Adjusted severe scenario | Start to trough
Economic assumptions
GDP	(26.10%)
Interest rate	0.01%
Unemployment rate	3.90%
House price growth	(39.70%)
CRE price growth	(42.30%)
Severe Downside Scenario
Allowance for impairment losses
Weightage	10.00%	10.00%
Impact of multiple economic scenarios
ECL allowance	£ 10,190	£ 4,663
Severe Downside Scenario | UK Mortgages
Impact of multiple economic scenarios
ECL allowance	2,214	1,389
Severe Downside Scenario | Other Retail
Impact of multiple economic scenarios
ECL allowance	2,741	1,712
Severe Downside Scenario | Commercial
Impact of multiple economic scenarios
ECL allowance	3,208	1,496
Severe Downside Scenario | Other
Impact of multiple economic scenarios
ECL allowance	£ 2,027	£ 66

Segmental analysis - Schedule o

Segmental analysis - Schedule of Operating Segments (Details) - GBP (£) £ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Segmental analysis
Description of types of products and services from which each reportable segment derives its revenues	The Group's activities are organised into two financial reporting segments: Retail and Commercial Banking.
Net interest income	£ 5,614	£ 6,068
Other income	2,152	2,546
Total income	7,766	8,614
Costs	(4,431)	(4,669)
Trading surplus	3,335	3,945
Impairment	(3,625)	(589)	£ (1,362)
(Loss) profit before tax	(290)	3,356
Total assets	607,644	592,919	581,368
Total liabilities	566,999	552,596	£ 542,469
Retail
Segmental analysis
Total income	5,951	6,456
Total assets	349,485	347,221
Total liabilities	278,950	260,394
Commercial Banking
Segmental analysis
Total income	1,223	1,375
Total assets	91,247	98,596
Total liabilities	134,638	127,691
Other
Segmental analysis
Total income	592	783
Total assets	166,912	147,102
Total liabilities	153,411	164,511
Operating segments
Segmental analysis
Net interest income	5,614	6,068
Other income	2,152	2,546
Total income	7,766	8,614
Costs	(4,431)	(4,669)
Trading surplus	3,335	3,945
Impairment	(3,625)	(589)
(Loss) profit before tax	(290)	3,356
Operating segments | Retail
Segmental analysis
Net interest income	4,202	4,520
Other income	927	1,012
Total income	5,129	5,532
Costs	(2,879)	(2,915)
Trading surplus	2,250	2,617
Impairment	(2,095)	(556)
(Loss) profit before tax	155	2,061
Operating segments | Commercial Banking
Segmental analysis
Net interest income	1,180	1,371
Other income	300	459
Total income	1,480	1,830
Costs	(827)	(923)
Trading surplus	653	907
Impairment	(1,328)	(64)
(Loss) profit before tax	(675)	843
Operating segments | Other
Segmental analysis
Net interest income	232	177
Other income	925	1,075
Total income	1,157	1,252
Costs	(725)	(831)
Trading surplus	432	421
Impairment	(202)	31
(Loss) profit before tax	230	452
Intersegment | Retail
Segmental analysis
Total income	822	924
Intersegment | Commercial Banking
Segmental analysis
Total income	(257)	(455)
Intersegment | Other
Segmental analysis
Total income	£ (565)	£ (469)

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, 2020	Jun. 30, 2019
Fee and commission income:
Current accounts	£ 305	£ 322
Credit and debit card fees	344	460
Commercial banking and treasury fees	72	80
Private banking and asset management		37
Factoring	42	53
Other	191	241
Total fee and commission income	954	1,193
Fee and commission expense	(421)	(531)
Net fee and commission income	£ 533	£ 662

Operating expenses - Schedule o

Operating expenses - Schedule of Operating Expenses (Details) - GBP (£) £ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Staff costs:
Staff costs	£ 1,773	£ 2,043
Premises and equipment	225	221
Other expenses
Other expenses	901	1,015
Total administrative expenses, premises and equipment and other expenses	2,899	3,279
Depreciation and amortisation	1,374	1,272
Total operating expenses, excluding regulatory provisions	4,273	4,551
Regulatory provisions (note ):
Other regulatory provisions	158	118
Regulatory provisions	158	118
Total operating expenses	£ 4,431	£ 4,669

Impairment - Schedule of Impair

Impairment - Schedule of Impairment (Details) - GBP (£) £ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Impairment
Total impairment charge	£ 3,625	£ 589	£ 1,362
Residual impairment and voluntary termination charges	21	90
Impairment
Impairment
Impact of transfers between stages	1,236	379
Other changes in credit quality	1,952	220
Additions (repayments)	181	(56)
Methodology, model and assumption changes	56	45
Other items	200	1
Total charge in the period, excluding transfers	2,389	£ 210
Central adjustment to severe scenario	£ 200

Impairment - Impairment in Resp

Impairment - Impairment in Respect of (Details) - GBP (£) £ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Impairment
Total impairment charged	£ 3,625	£ 589	£ 1,362
Drawn balance
Impairment
Total impairment charged	3,330	609	1,380
Undrawn balance
Impairment
Total impairment charged	289		£ (17)
Loan commitments and financial guarantees
Impairment
Total impairment charged	289	(20)
Financial asset at amortised cost
Impairment
Impairment loss on financial assets	3,330	609
Financial asset at amortised cost | Loans and Advances to Banks
Impairment
Impairment loss on financial assets	14
Financial asset at amortised cost | Loans and advances to customers
Impairment
Impairment loss on financial assets	3,314	610
Financial asset at amortised cost | Debt securities
Impairment
Impairment loss on financial assets	1
Financial asset at amortised cost | Due from fellow Lloyds Banking Group undertakings
Impairment
Impairment loss on financial assets	1	£ (1)
Financial assets at FVOCI
Impairment
Total impairment charged	£ 6

Taxation (Details)

Taxation (Details) - GBP (£) £ in Millions	Jul. 02, 2020	Jun. 30, 2020	Jun. 30, 2019
Disclosure of temporary difference, unused tax losses and unused tax credits
(Loss) profit before tax		£ (290)	£ 3,356
UK corporation tax thereon at 19 per cent (2018:19 per cent)		55	(638)
Impact of surcharge on banking profits		17	(241)
Non-deductible costs: conduct charges		(11)	(15)
Other non-deductible costs		(38)	(17)
Non-taxable income		53	32
Tax relief on coupons on other equity instruments		39	26
Tax-exempt gains on disposals			3
Tax losses where no deferred tax recognised		(5)	(3)
Remeasurement of deferred tax due to rate changes		440	(2)
Differences in overseas tax rates		10	(8)
Adjustments in respect of prior years		34	100
Tax credit (expense)		£ 594	£ (763)
Applicable tax rate		19.00%	19.00%
Restriction on use of capital tax losses	50.00%
Forecast
Disclosure of temporary difference, unused tax losses and unused tax credits
Reduction in deferred tax asset	£ 14

Financial assets at fair valu_3

Financial assets at fair value through profit (Details) - GBP (£) £ in Millions	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure of financial assets [line items]
Trading assets	£ 246		£ 290
Other financial assets at fair value through profit or loss	2,140		1,994
Total financial assets at fair value through profit or loss	2,386	£ 2,284	2,284
Loans and advances to customers
Disclosure of financial assets [line items]
Other financial assets at fair value through profit or loss	1,934		1,782
Debt securities
Disclosure of financial assets [line items]
Other financial assets at fair value through profit or loss			47
Equity shares
Disclosure of financial assets [line items]
Other financial assets at fair value through profit or loss	£ 206		£ 165

Financial assets at amortised_3

Financial assets at amortised cost - Loans and advances to banks (Details) - GBP (£) £ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Impairment
Disclosure of financial assets [line items]
Balance at beginning of period	£ (3,380)
Transfers	(1,236)	£ (379)
Additions (repayments)	(181)	56
Balance at end of period	(6,220)		£ (3,380)
Impairment | Purchased or originated credit-impaired
Disclosure of financial assets [line items]
Balance at beginning of period	(142)
Balance at end of period	(325)		(142)
Impairment | 12-month expected credit losses
Disclosure of financial assets [line items]
Balance at beginning of period	(760)
Balance at end of period	(1,553)		(760)
Impairment | Lifetime expected credit losses | Not credit impaired
Disclosure of financial assets [line items]
Balance at beginning of period	(1,070)
Balance at end of period	(2,332)		(1,070)
Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Disclosure of financial assets [line items]
Balance at beginning of period	(1,408)
Balance at end of period	(2,010)		(1,408)
Loans and Advances to Banks
Disclosure of financial assets [line items]
Balance at beginning of period	4,852
Balance at end of period	7,070		4,852
Loans and Advances to Banks | 12-month expected credit losses
Disclosure of financial assets [line items]
Balance at beginning of period	4,852
Balance at end of period	7,070		4,852
Loans and Advances to Banks | Gross carrying amount
Disclosure of financial assets [line items]
Balance at beginning of period	4,852	3,693	3,693
Exchange and other adjustments	238		(125)
Additions (repayments)	1,995		1,284
Balance at end of period	7,085		4,852
Loans and Advances to Banks | Gross carrying amount | 12-month expected credit losses
Disclosure of financial assets [line items]
Balance at beginning of period	4,852	3,691	3,691
Exchange and other adjustments	238		(125)
Additions (repayments)	1,995		1,286
Balance at end of period	7,085		4,852
Loans and Advances to Banks | Gross carrying amount | Lifetime expected credit losses | Not credit impaired
Disclosure of financial assets [line items]
Balance at beginning of period		£ 2	2
Additions (repayments)			£ (2)
Loans and Advances to Banks | Impairment
Disclosure of financial assets [line items]
Balance at end of period	(15)
Loans and Advances to Banks | Impairment | 12-month expected credit losses
Disclosure of financial assets [line items]
Balance at end of period	£ (15)

Financial assets at amortised_4

Financial assets at amortised cost - Loans and advances to customers (Details) - GBP (£) £ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Impairment
Disclosure of financial assets [line items]
Balance at beginning of period	£ (3,380)
Additions (repayments)	(181)	£ 56
Transfers	(1,236)	(379)
Balance at end of period	(6,220)		£ (3,380)
Impairment | Purchased or originated credit-impaired
Disclosure of financial assets [line items]
Balance at beginning of period	(142)
Balance at end of period	(325)		(142)
Impairment | 12-month expected credit losses
Disclosure of financial assets [line items]
Balance at beginning of period	(760)
Balance at end of period	(1,553)		(760)
Impairment | Lifetime expected credit losses | Not credit impaired
Disclosure of financial assets [line items]
Balance at beginning of period	(1,070)
Balance at end of period	(2,332)		(1,070)
Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Disclosure of financial assets [line items]
Balance at beginning of period	(1,408)
Balance at end of period	(2,010)		(1,408)
Loans and advances to customers
Disclosure of financial assets [line items]
Balance at beginning of period	474,470
Balance at end of period	481,235		474,470
Loans and advances to customers | Purchased or originated credit-impaired
Disclosure of financial assets [line items]
Balance at beginning of period	13,572
Balance at end of period	12,718		13,572
Loans and advances to customers | 12-month expected credit losses
Disclosure of financial assets [line items]
Balance at beginning of period	429,098
Balance at end of period	409,815		429,098
Loans and advances to customers | Lifetime expected credit losses | Not credit impaired
Disclosure of financial assets [line items]
Balance at beginning of period	27,512
Balance at end of period	54,216		27,512
Loans and advances to customers | Lifetime expected credit losses | Credit-impaired after purchase or origination
Disclosure of financial assets [line items]
Balance at beginning of period	4,288
Balance at end of period	4,486		4,288
Loans and advances to customers | Gross carrying amount
Disclosure of financial assets [line items]
Balance at beginning of period	477,633	467,064	467,064
Exchange and other adjustments	1,830		(47)
Additions (repayments)	8,211		8,379
Recoveries	86		424
Acquisition of portfolios			3,694
Financial assets that have been written off	(785)		(1,881)
Balance at end of period	486,975		477,633
Loans and advances to customers | Gross carrying amount | Purchased or originated credit-impaired
Disclosure of financial assets [line items]
Balance at beginning of period	13,714	15,391	15,391
Exchange and other adjustments	(54)		283
Additions (repayments)	(593)		(1,934)
Recoveries			28
Financial assets that have been written off	(24)		(54)
Balance at end of period	13,043		13,714
Loans and advances to customers | Gross carrying amount | 12-month expected credit losses
Disclosure of financial assets [line items]
Balance at beginning of period	429,767	420,968	420,968
Exchange and other adjustments	1,853		(312)
Additions (repayments)	9,473		13,690
Transfers	(29,978)		(8,273)
Acquisition of portfolios			3,694
Balance at end of period	411,115		429,767
Loans and advances to customers | Gross carrying amount | 12-month expected credit losses | Stage 1
Disclosure of financial assets [line items]
Transfers	3,152		6,318
Loans and advances to customers | Gross carrying amount | 12-month expected credit losses | Stage 2
Disclosure of financial assets [line items]
Transfers	(32,072)		(13,052)
Loans and advances to customers | Gross carrying amount | 12-month expected credit losses | Stage 3
Disclosure of financial assets [line items]
Transfers	(1,058)		(1,539)
Loans and advances to customers | Gross carrying amount | Lifetime expected credit losses | Not credit impaired
Disclosure of financial assets [line items]
Balance at beginning of period	28,505	25,308	25,308
Exchange and other adjustments	26		(44)
Additions (repayments)	122		(2,520)
Transfers	27,704		5,761
Balance at end of period	56,357		28,505
Loans and advances to customers | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | Stage 1
Disclosure of financial assets [line items]
Transfers	(3,143)		(6,286)
Loans and advances to customers | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | Stage 2
Disclosure of financial assets [line items]
Transfers	32,416		13,484
Loans and advances to customers | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | Stage 3
Disclosure of financial assets [line items]
Transfers	(1,569)		(1,437)
Loans and advances to customers | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination
Disclosure of financial assets [line items]
Balance at beginning of period	5,647	£ 5,397	5,397
Exchange and other adjustments	5		26
Additions (repayments)	(791)		(857)
Transfers	2,274		2,512
Recoveries	86		396
Financial assets that have been written off	(761)		(1,827)
Balance at end of period	6,460		5,647
Loans and advances to customers | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination | Stage 1
Disclosure of financial assets [line items]
Transfers	(9)		(32)
Loans and advances to customers | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination | Stage 2
Disclosure of financial assets [line items]
Transfers	(344)		(432)
Loans and advances to customers | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination | Stage 3
Disclosure of financial assets [line items]
Transfers	2,627		2,976
Loans and advances to customers | Impairment
Disclosure of financial assets [line items]
Balance at beginning of period	(3,163)
Balance at end of period	(5,740)		(3,163)
Loans and advances to customers | Impairment | Purchased or originated credit-impaired
Disclosure of financial assets [line items]
Balance at beginning of period	(142)
Balance at end of period	(325)		(142)
Loans and advances to customers | Impairment | 12-month expected credit losses
Disclosure of financial assets [line items]
Balance at beginning of period	(669)
Balance at end of period	(1,300)		(669)
Loans and advances to customers | Impairment | Lifetime expected credit losses | Not credit impaired
Disclosure of financial assets [line items]
Balance at beginning of period	(993)
Balance at end of period	(2,141)		(993)
Loans and advances to customers | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Disclosure of financial assets [line items]
Balance at beginning of period	(1,359)
Balance at end of period	£ (1,974)		£ (1,359)

Financial assets at amortised_5

Financial assets at amortised cost - Debt Securities and Due from fellow Group undertakings (Details) - GBP (£) £ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Disclosure of financial assets [line items]
Total financial assets at amortised cost	£ 494,443		£ 486,501
12-month expected credit losses
Disclosure of financial assets [line items]
Total financial assets at amortised cost	423,023		441,129
Not credit impaired | Lifetime expected credit losses
Disclosure of financial assets [line items]
Total financial assets at amortised cost	54,216		27,512
Credit-impaired after purchase or origination | Lifetime expected credit losses
Disclosure of financial assets [line items]
Total financial assets at amortised cost	4,486		4,288
Purchased or originated credit-impaired
Disclosure of financial assets [line items]
Total financial assets at amortised cost	12,718		13,572
Impairment
Disclosure of financial assets [line items]
Balance at beginning of period	(3,380)
Additions (repayments)	(181)	£ 56
Balance at end of period	(6,220)		(3,380)
Impairment | 12-month expected credit losses
Disclosure of financial assets [line items]
Balance at beginning of period	(760)
Balance at end of period	(1,553)		(760)
Impairment | Not credit impaired | Lifetime expected credit losses
Disclosure of financial assets [line items]
Balance at beginning of period	(1,070)
Balance at end of period	(2,332)		(1,070)
Impairment | Credit-impaired after purchase or origination | Lifetime expected credit losses
Disclosure of financial assets [line items]
Balance at beginning of period	(1,408)
Balance at end of period	(2,010)		(1,408)
Impairment | Purchased or originated credit-impaired
Disclosure of financial assets [line items]
Balance at beginning of period	(142)
Balance at end of period	(325)		(142)
Debt securities
Disclosure of financial assets [line items]
Balance at beginning of period	5,325
Balance at end of period	5,213		5,325
Debt securities | 12-month expected credit losses
Disclosure of financial assets [line items]
Balance at beginning of period	5,325
Balance at end of period	5,213		5,325
Debt securities | Gross carrying amount
Disclosure of financial assets [line items]
Balance at beginning of period	5,326	5,097	5,097
Exchange and other adjustments	102		(91)
Additions (repayments)	(213)		320
Balance at end of period	5,215		5,326
Debt securities | Gross carrying amount | 12-month expected credit losses
Disclosure of financial assets [line items]
Balance at beginning of period	5,325	5,095	5,095
Exchange and other adjustments	102		(90)
Additions (repayments)	(213)		320
Balance at end of period	5,214		5,325
Debt securities | Gross carrying amount | Credit-impaired after purchase or origination | Lifetime expected credit losses
Disclosure of financial assets [line items]
Balance at beginning of period	1	£ 2	2
Exchange and other adjustments			(1)
Balance at end of period	1		1
Debt securities | Impairment
Disclosure of financial assets [line items]
Balance at beginning of period	(1)
Balance at end of period	(2)		(1)
Debt securities | Impairment | 12-month expected credit losses
Disclosure of financial assets [line items]
Balance at end of period	(1)
Debt securities | Impairment | Credit-impaired after purchase or origination | Lifetime expected credit losses
Disclosure of financial assets [line items]
Balance at beginning of period	(1)
Balance at end of period	(1)		(1)
Due from fellow Lloyds Banking Group undertakings
Disclosure of financial assets [line items]
Balance at beginning of period	1,854
Balance at end of period	925		1,854
Due from fellow Lloyds Banking Group undertakings | 12-month expected credit losses
Disclosure of financial assets [line items]
Balance at beginning of period	1,854
Balance at end of period	925		1,854
Due from fellow Lloyds Banking Group undertakings | Gross carrying amount
Disclosure of financial assets [line items]
Balance at beginning of period	1,897
Balance at end of period	926		1,897
Due from fellow Lloyds Banking Group undertakings | Gross carrying amount | 12-month expected credit losses
Disclosure of financial assets [line items]
Balance at beginning of period	1,854
Balance at end of period	926		1,854
Due from fellow Lloyds Banking Group undertakings | Gross carrying amount | Credit-impaired after purchase or origination | Lifetime expected credit losses
Disclosure of financial assets [line items]
Balance at beginning of period	43
Balance at end of period			43
Due from fellow Lloyds Banking Group undertakings | Impairment
Disclosure of financial assets [line items]
Balance at beginning of period	(43)
Balance at end of period	(1)		(43)
Due from fellow Lloyds Banking Group undertakings | Impairment | 12-month expected credit losses
Disclosure of financial assets [line items]
Balance at end of period	(1)
Due from fellow Lloyds Banking Group undertakings | Impairment | Credit-impaired after purchase or origination | Lifetime expected credit losses
Disclosure of financial assets [line items]
Balance at beginning of period	£ (43)
Balance at end of period			£ (43)

Allowance for impairment loss_3

Allowance for impairment losses (Details) - GBP (£) £ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Allowance for impairment losses.
Total impairment charged	£ 3,625	£ 589	£ 1,362
Residual impairment and voluntary termination loss	191		201
Impairment
Allowance for impairment losses.
Balance at beginning of period	3,380
Impact of transfers between stages	1,236	379
Balance at end of period	6,220		3,380
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item)	6
Impairment | Purchased or originated credit-impaired
Allowance for impairment losses.
Balance at beginning of period	142
Balance at end of period	325		142
Impairment | 12-month expected credit losses
Allowance for impairment losses.
Balance at beginning of period	760
Balance at end of period	1,553		760
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item)	6
Impairment | Lifetime expected credit losses | Not credit impaired
Allowance for impairment losses.
Balance at beginning of period	1,070
Balance at end of period	2,332		1,070
Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Allowance for impairment losses.
Balance at beginning of period	1,408
Balance at end of period	2,010		1,408
Drawn balance
Allowance for impairment losses.
Total impairment charged	3,330	609	1,380
Drawn balance | Impact of Transfers Between Stages
Allowance for impairment losses.
Impact of transfers between stages	1,155
Drawn balance | Impairment
Allowance for impairment losses.
Balance at beginning of period	3,207	3,023	3,023
Exchange and other adjustments	(11)		313
Impact of transfers between stages	1,155		598
Other items charged to the income statement	2,175		782
Total impairment charged	3,330		1,380
Financial assets that have been written off	(828)		(1,881)
Recoveries of advances written off in previous years	86		424
Discount unwind	(26)		(52)
Balance at end of period	5,758		3,207
Drawn balance | Impairment | Impact of Transfers Between Stages
Allowance for impairment losses.
Impact of transfers between stages	1,155		598
Drawn balance | Impairment | Purchased or originated credit-impaired
Allowance for impairment losses.
Balance at beginning of period	142	78	78
Exchange and other adjustments	(38)		283
Other items charged to the income statement	245		(193)
Total impairment charged	245		(193)
Financial assets that have been written off	(24)		(54)
Recoveries of advances written off in previous years			28
Balance at end of period	325		142
Drawn balance | Impairment | 12-month expected credit losses
Allowance for impairment losses.
Balance at beginning of period	669	519	519
Exchange and other adjustments			10
Impact of transfers between stages	(56)		(14)
Other items charged to the income statement	704		154
Total impairment charged	648		140
Balance at end of period	1,317		669
Drawn balance | Impairment | 12-month expected credit losses | Stage 1
Allowance for impairment losses.
Impact of transfers between stages	108		229
Drawn balance | Impairment | 12-month expected credit losses | Stage 2
Allowance for impairment losses.
Impact of transfers between stages	(90)		(53)
Drawn balance | Impairment | 12-month expected credit losses | Stage 3
Allowance for impairment losses.
Impact of transfers between stages	(10)		(15)
Drawn balance | Impairment | 12-month expected credit losses | Impact of Transfers Between Stages
Allowance for impairment losses.
Impact of transfers between stages	(64)		(175)
Drawn balance | Impairment | Lifetime expected credit losses | Not credit impaired
Allowance for impairment losses.
Balance at beginning of period	993	992	992
Exchange and other adjustments			(9)
Impact of transfers between stages	667		83
Other items charged to the income statement	481		(73)
Total impairment charged	1,148		10
Balance at end of period	2,141		993
Drawn balance | Impairment | Lifetime expected credit losses | Not credit impaired | Stage 1
Allowance for impairment losses.
Impact of transfers between stages	(107)		(222)
Drawn balance | Impairment | Lifetime expected credit losses | Not credit impaired | Stage 2
Allowance for impairment losses.
Impact of transfers between stages	133		92
Drawn balance | Impairment | Lifetime expected credit losses | Not credit impaired | Stage 3
Allowance for impairment losses.
Impact of transfers between stages	(133)		(140)
Drawn balance | Impairment | Lifetime expected credit losses | Not credit impaired | Impact of Transfers Between Stages
Allowance for impairment losses.
Impact of transfers between stages	774		353
Drawn balance | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Allowance for impairment losses.
Balance at beginning of period	1,403	1,434	1,434
Exchange and other adjustments	27		29
Impact of transfers between stages	544		529
Other items charged to the income statement	745		894
Total impairment charged	1,289		1,423
Financial assets that have been written off	(804)		(1,827)
Recoveries of advances written off in previous years	86		396
Discount unwind	(26)		(52)
Balance at end of period	1,975		1,403
Drawn balance | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination | Stage 1
Allowance for impairment losses.
Impact of transfers between stages	(1)		(7)
Drawn balance | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination | Stage 2
Allowance for impairment losses.
Impact of transfers between stages	(43)		(39)
Drawn balance | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination | Stage 3
Allowance for impairment losses.
Impact of transfers between stages	143		155
Drawn balance | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination | Impact of Transfers Between Stages
Allowance for impairment losses.
Impact of transfers between stages	445		420
Undrawn balance
Allowance for impairment losses.
Total impairment charged	289		(17)
Undrawn balance | Impact of Transfers Between Stages
Allowance for impairment losses.
Impact of transfers between stages	81
Undrawn balance | Impairment
Allowance for impairment losses.
Balance at beginning of period	173	190	190
Impact of transfers between stages	81		6
Other items charged to the income statement	208		(23)
Total impairment charged	289		(17)
Balance at end of period	462		173
Undrawn balance | Impairment | Impact of Transfers Between Stages
Allowance for impairment losses.
Impact of transfers between stages	81		6
Undrawn balance | Impairment | 12-month expected credit losses
Allowance for impairment losses.
Balance at beginning of period	91	121	121
Exchange and other adjustments			(1)
Impact of transfers between stages			(3)
Other items charged to the income statement	145		(26)
Total impairment charged	145		(29)
Balance at end of period	236		91
Undrawn balance | Impairment | 12-month expected credit losses | Stage 1
Allowance for impairment losses.
Impact of transfers between stages	8		19
Undrawn balance | Impairment | 12-month expected credit losses | Stage 2
Allowance for impairment losses.
Impact of transfers between stages	(6)		(4)
Undrawn balance | Impairment | 12-month expected credit losses | Stage 3
Allowance for impairment losses.
Impact of transfers between stages			(1)
Undrawn balance | Impairment | 12-month expected credit losses | Impact of Transfers Between Stages
Allowance for impairment losses.
Impact of transfers between stages	(2)		(17)
Undrawn balance | Impairment | Lifetime expected credit losses | Not credit impaired
Allowance for impairment losses.
Balance at beginning of period	77	63	63
Exchange and other adjustments			1
Impact of transfers between stages	64		6
Other items charged to the income statement	50		7
Total impairment charged	114		13
Balance at end of period	191		77
Undrawn balance | Impairment | Lifetime expected credit losses | Not credit impaired | Stage 1
Allowance for impairment losses.
Impact of transfers between stages	(8)		(19)
Undrawn balance | Impairment | Lifetime expected credit losses | Not credit impaired | Stage 2
Allowance for impairment losses.
Impact of transfers between stages	6		4
Undrawn balance | Impairment | Lifetime expected credit losses | Not credit impaired | Stage 3
Allowance for impairment losses.
Impact of transfers between stages	(6)		(3)
Undrawn balance | Impairment | Lifetime expected credit losses | Not credit impaired | Impact of Transfers Between Stages
Allowance for impairment losses.
Impact of transfers between stages	72		24
Undrawn balance | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Allowance for impairment losses.
Balance at beginning of period	5	6	6
Impact of transfers between stages	17		3
Other items charged to the income statement	13		(4)
Total impairment charged	30		(1)
Balance at end of period	35		5
Undrawn balance | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination | Stage 3
Allowance for impairment losses.
Impact of transfers between stages	6		4
Undrawn balance | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination | Impact of Transfers Between Stages
Allowance for impairment losses.
Impact of transfers between stages	11		(1)
Financial assets at amortised cost | Impairment
Allowance for impairment losses.
Balance at beginning of period	3,207
Balance at end of period	5,758		3,207
Financial assets at amortised cost | Impairment | Purchased or originated credit-impaired
Allowance for impairment losses.
Balance at beginning of period	142
Balance at end of period	325		142
Financial assets at amortised cost | Impairment | 12-month expected credit losses
Allowance for impairment losses.
Balance at beginning of period	669
Balance at end of period	1,317		669
Financial assets at amortised cost | Impairment | Lifetime expected credit losses | Not credit impaired
Allowance for impairment losses.
Balance at beginning of period	993
Balance at end of period	2,141		993
Financial assets at amortised cost | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Allowance for impairment losses.
Balance at beginning of period	1,403
Balance at end of period	1,975		1,403
Loans and Advances to Banks | Impairment
Allowance for impairment losses.
Balance at end of period	15
Loans and Advances to Banks | Impairment | 12-month expected credit losses
Allowance for impairment losses.
Balance at end of period	15
Loans and advances to customers | Impairment
Allowance for impairment losses.
Balance at beginning of period	3,163
Balance at end of period	5,740		3,163
Loans and advances to customers | Impairment | Purchased or originated credit-impaired
Allowance for impairment losses.
Balance at beginning of period	142
Balance at end of period	325		142
Loans and advances to customers | Impairment | 12-month expected credit losses
Allowance for impairment losses.
Balance at beginning of period	669
Balance at end of period	1,300		669
Loans and advances to customers | Impairment | Lifetime expected credit losses | Not credit impaired
Allowance for impairment losses.
Balance at beginning of period	993
Balance at end of period	2,141		993
Loans and advances to customers | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Allowance for impairment losses.
Balance at beginning of period	1,359
Balance at end of period	1,974		1,359
Debt securities | Impairment
Allowance for impairment losses.
Balance at beginning of period	1
Balance at end of period	2		1
Debt securities | Impairment | 12-month expected credit losses
Allowance for impairment losses.
Balance at end of period	1
Debt securities | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Allowance for impairment losses.
Balance at beginning of period	1
Balance at end of period	1		1
Due from fellow Lloyds Banking Group undertakings | Impairment
Allowance for impairment losses.
Balance at beginning of period	43
Balance at end of period	1		43
Due from fellow Lloyds Banking Group undertakings | Impairment | 12-month expected credit losses
Allowance for impairment losses.
Balance at end of period	1
Due from fellow Lloyds Banking Group undertakings | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Allowance for impairment losses.
Balance at beginning of period	43
Balance at end of period			43
Loan commitments and financial guarantees
Allowance for impairment losses.
Total impairment charged	289	£ (20)
Loan commitments and financial guarantees | Impairment
Allowance for impairment losses.
Balance at beginning of period	173
Balance at end of period	462		173
Loan commitments and financial guarantees | Impairment | 12-month expected credit losses
Allowance for impairment losses.
Balance at beginning of period	91
Balance at end of period	236		91
Loan commitments and financial guarantees | Impairment | Lifetime expected credit losses | Not credit impaired
Allowance for impairment losses.
Balance at beginning of period	77
Balance at end of period	191		77
Loan commitments and financial guarantees | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Allowance for impairment losses.
Balance at beginning of period	5
Balance at end of period	£ 35		£ 5

Allowance for impairment loss_4

Allowance for impairment losses - Income statement charges (Details) - GBP (£) £ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Allowance for impairment losses.
Total impairment charged	£ 3,625	£ 589	£ 1,362
Drawn balance
Allowance for impairment losses.
Total impairment charged	3,330	£ 609	1,380
Undrawn balance
Allowance for impairment losses.
Total impairment charged	289		(17)
Financial assets at FVOCI
Allowance for impairment losses.
Total impairment charged	£ 6		£ (1)

Debt securities in issue - Sche

Debt securities in issue - Schedule of Debt Securities in Issue (Details) - GBP (£) £ in Millions	Jun. 30, 2020	Dec. 31, 2019
Disclosure of financial liabilities [line items]
Medium-term notes issued	£ 30,200	£ 34,112
Covered bonds	27,766	29,818
Certificates of deposit	3,027	4,925
Securitisation notes	5,914	7,376
Commercial paper	6,940	7,731
Total debt securities in issue	73,847	83,962
At fair value through profit or loss
Disclosure of financial liabilities [line items]
Medium-term notes issued	7,644	7,484
Securitisation notes	47	47
Total debt securities in issue	7,691	7,531
Financial liabilities at amortised cost
Disclosure of financial liabilities [line items]
Medium-term notes issued	22,556	26,628
Covered bonds	27,766	29,818
Certificates of deposit	3,027	4,925
Securitisation notes	5,867	7,329
Commercial paper	6,940	7,731
Total debt securities in issue	£ 66,156	£ 76,431

Debt securities in issue - Secu

Debt securities in issue - Securitisation programmes and covered bonds (Details) - GBP (£) £ in Millions	Jun. 30, 2020	Dec. 31, 2019
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items]
Securitisation notes	£ 5,914	£ 7,376
Covered bonds	27,766	29,818
Securitisation programme
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items]
Securitisation notes	5,914	7,376
Instruments providing security for notes	37,809	42,545
Covered bond programme
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items]
Covered bonds	27,766	29,818
Instruments providing security for bonds	38,042	39,131
Subsidiaries | Securitisation programme
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items]
Securitisation notes	29,453	31,396
Subsidiaries | Covered bond programme
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items]
Covered bonds	100	100
External parties and subsidiaries | Securitisation programme
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items]
Securitisation notes	35,367	38,772
External parties and subsidiaries | Covered bond programme
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items]
Covered bonds	£ 27,866	£ 29,918

Debt securities in issue - Rest

Debt securities in issue - Restrictions (Details) - GBP (£) £ in Millions	Jun. 30, 2020	Dec. 31, 2019
Schedule of Debt Securities in Issue [Abstract]
Restricted cash and cash equivalents	£ 4,012	£ 4,703

Post-retirement defined benef_3

Post-retirement defined benefit scheme (Details) - GBP (£) £ in Millions	Jun. 30, 2020	Dec. 31, 2019
Disclosure of net defined benefit liability (asset) [line items]
Net scheme asset	£ 1,970	£ 424
Retirement benefit assets	2,241	681
Retirement benefit obligations	(271)	(257)
Pension scheme
Disclosure of net defined benefit liability (asset) [line items]
Fair value of scheme assets	50,696	45,791
Present value of funded obligations	(48,593)	(45,241)
Net scheme asset	2,103	550
Other post-retirement schemes
Disclosure of net defined benefit liability (asset) [line items]
Net scheme asset	£ (133)	£ (126)

Post-retirement defined benef_4

Post-retirement defined benefit schemes - Movements (Details) - GBP (£) £ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Disclosure of financial assets [line items]
Beginning balance	£ 424
Income statement charge	(121)
Employer contributions	999
Remeasurement	668
Ending balance	1,970
Fair value of assets	10,790	£ 8,494
Longevity insurance swap | Scottish Widows
Disclosure of financial assets [line items]
Notional amount	10,000
Fair value of assets	£ 0

Post-retirement defined benef_5

Post-retirement defined benefit schemes - Principal Assumptions (Details)	Jun. 30, 2020	Dec. 31, 2019
Employee benefits
Discount rate	1.54%	2.05%
Rate of inflation:
Rate of salary increases	0.00%	0.00%
Weighted-average rate of increase for pensions in payment	2.52%	2.57%
RPI [Member]
Rate of inflation:
Price Index	2.85%	2.94%
CPI [Member]
Rate of inflation:
Price Index	1.90%	1.99%

Provisions for liabilities an_3

Provisions for liabilities and charges (Details) £ in Millions	6 Months Ended
	Jun. 30, 2020GBP (£)
Disclosure of other provisions [line items]
Provisions at beginning of the period	£ 3,138
Exchange and other adjustments	(3)
Provisions applied	(1,396)
Charge for the year	510
Provisions at end of the period	2,249
Provision for credit commitments
Disclosure of other provisions [line items]
Provisions at beginning of the period	173
Charge for the year	289
Provisions at end of the period	462
Payment Protection Insurance Provision
Disclosure of other provisions [line items]
Provisions at beginning of the period	1,874
Provisions applied	(996)
Provisions at end of the period	878
Other Provisions for Legal Actions and Regulatory Matters
Disclosure of other provisions [line items]
Provisions at beginning of the period	395
Provisions applied	(298)
Charge for the year	158
Provisions at end of the period	255
Miscellaneous other provisions
Disclosure of other provisions [line items]
Provisions at beginning of the period	696
Exchange and other adjustments	(3)
Provisions applied	(102)
Charge for the year	63
Provisions at end of the period	£ 654

Provisions for liabilities an_4

Provisions for liabilities and charges - Narrative (Details) £ in Millions	6 Months Ended
	Jun. 30, 2020GBP (£)item	Dec. 31, 2019GBP (£)
Disclosure of other provisions [line items]
Additional provisions	£ 510
Other provisions	2,249	£ 3,138
Total cash payments	£ 1,396
HBOS [Member]
Disclosure of other provisions [line items]
Impacted customers | item	71
Value of accepted offers after compensation assessment	£ 109
Ex-gratia Payments	14
Reimbursement of legal fees	6
Payment Protection Insurance Provision
Disclosure of other provisions [line items]
Other provisions	878	1,874
Total cash payments	996
Payment Protection Insurance Provision Excluding MBNA
Disclosure of other provisions [line items]
PPI costs provided for	21,821
Additional provisions	£ 0
PPI conversion rate	10.00%
Other provisions	£ 742
Total cash payments	£ 830
Increase in PIR conversion rate	1.00%
Amount of additional charge on increase in PIR conversion rate	£ 100
Payment Protection Insurance Provision, MBNA
Disclosure of other provisions [line items]
Additional provisions	0
Group's exposure cap	240
Other Provisions for Legal Actions and Regulatory Matters
Disclosure of other provisions [line items]
Additional provisions	158
Other provisions	255	£ 395
Total cash payments	298
Arrears Handling
Disclosure of other provisions [line items]
Additional provisions	28
Other provisions	78
Total arrears handling to date	£ 1,009

Contingent liabilities and co_2

Contingent liabilities and commitments (Details) - GBP (£) £ in Millions	1 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2020
LIBOR and other trading rates
CONTINGENT LIABILITIES AND COMMITMENTS (Details) [Line Items]
Settlements reached	£ 217
Tax contingency
CONTINGENT LIABILITIES AND COMMITMENTS (Details) [Line Items]
Increase (decrease) in current tax liabilities		£ 700
Increase (decrease) in deferred tax liability (asset)		£ 270

Contingent liabilities and co_3

Contingent liabilities and commitments - Schedule of Contingent Liabilities (Details) - GBP (£) £ in Millions	Jun. 30, 2020	Dec. 31, 2019
Contingent liabilities
Acceptances and endorsements	£ 118	£ 17
Other items serving as direct credit substitutes	246	279
Performance bonds and other transaction-related contingencies	2,116	2,274
Total other contingent liabilities	2,362	2,553
Total contingent liabilities	£ 2,480	£ 2,570

Contingent liabilities and co_4

Contingent liabilities and commitments - Schedule of Commitments (Details) - GBP (£) £ in Millions	Jun. 30, 2020	Dec. 31, 2019
Commitments and guarantees
Documentary credits and other short-term trade-related transactions	£ 1
Forward asset purchases and forward deposits placed	170	£ 171
Total commitments and guarantees	120,768	116,434
Not later than one year [member]
Commitments and guarantees
Undrawn formal standby facilities, credit lines and other commitments to lend	96,762	90,953
Later than one year [member]
Commitments and guarantees
Undrawn formal standby facilities, credit lines and other commitments to lend	23,835	25,310
Mortgages | Not later than one year [member]
Commitments and guarantees
Undrawn formal standby facilities, credit lines and other commitments to lend	14,098	12,647
Other | Not later than one year [member]
Commitments and guarantees
Undrawn formal standby facilities, credit lines and other commitments to lend	82,664	78,306
Irrevocable Loan Commitments
Commitments and guarantees
Undrawn formal standby facilities, credit lines and other commitments to lend	£ 47,042	£ 46,629

Fair values of financial asse_3

Fair values of financial assets and liabilities - Valuation methodology (Details) - GBP (£) £ in Millions	Jun. 30, 2020	Dec. 31, 2019
Deposits From Banks
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial liabilities	£ 26,645	£ 23,593
Financial liabilities, fair value	26,647	23,497
Customer deposits
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial liabilities	427,591	396,839
Financial liabilities, fair value	427,805	397,222
Due to fellow Lloyds Banking Group undertakings
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial liabilities	6,502	4,893
Financial liabilities, fair value	6,502	4,893
Financial liabilities at fair value through profit or loss
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial liabilities	9,102	7,702
Financial liabilities, fair value	9,102	7,702
Derivative financial instruments
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial liabilities	9,254	9,831
Financial liabilities, fair value	9,254	9,831
Debt securities in issue
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial liabilities	66,156	76,431
Financial liabilities, fair value	69,869	78,632
Subordinated Liabilities
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial liabilities	12,125	12,586
Financial liabilities, fair value	15,949	14,542
Financial assets at FVPL
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial assets	2,386	2,284
Financial assets, fair value	2,386	2,284
Derivative financial instruments
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial assets	10,790	8,494
Financial assets, fair value	10,790	8,494
Financial asset at amortised cost
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial assets	494,443	486,501
Financial assets, fair value	494,384	487,148
Financial assets at FVOCI
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial assets	26,823	24,617
Financial assets, fair value	26,823	24,617
Loans and Advances to Banks
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial assets	7,070	4,852
Loans and Advances to Banks | Financial asset at amortised cost
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial assets	7,070	4,852
Financial assets, fair value	7,071	4,849
Loans and advances to customers
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial assets	481,235	474,470
Loans and advances to customers | Financial assets at FVPL
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial assets, fair value	1,934	1,782
Loans and advances to customers | Financial asset at amortised cost
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial assets	481,235	474,470
Financial assets, fair value	481,182	475,128
Debt securities | Financial assets at FVPL
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial assets, fair value	246	337
Debt securities | Financial asset at amortised cost
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial assets	5,213	5,325
Financial assets, fair value	5,206	5,317
Debt securities | Financial assets at FVOCI
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial assets, fair value	26,823	24,178
Due from fellow Lloyds Banking Group undertakings | Financial asset at amortised cost
Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities
Financial assets	925	1,854
Financial assets, fair value	£ 925	£ 1,854

Fair values of financial asse_4

Fair values of financial assets and liabilities - Financial assets (Details) - GBP (£) £ in Millions	Jun. 30, 2020	Dec. 31, 2019
Financial assets at FVPL
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	£ 2,386	£ 2,284
Financial assets at FVPL | Level 1
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	448	451
Financial assets at FVPL | Level 2
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	4	4
Financial assets at FVPL | Level 3
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	1,934	1,829
Financial assets at FVPL | Loans and advances to customers
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	1,934	1,782
Financial assets at FVPL | Loans and advances to customers | Level 3
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	1,934	1,782
Financial assets at FVPL | Debt securities
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	246	337
Financial assets at FVPL | Debt securities | Level 1
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	246	290
Financial assets at FVPL | Debt securities | Level 3
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value		47
Financial assets at FVPL | Equity shares
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	206	165
Financial assets at FVPL | Equity shares | Level 1
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	202	161
Financial assets at FVPL | Equity shares | Level 2
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	4	4
Financial assets at FVOCI
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	26,823	24,617
Financial assets at FVOCI | Level 1
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	14,114	13,283
Financial assets at FVOCI | Level 2
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	12,645	11,274
Financial assets at FVOCI | Level 3
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	64	60
Financial assets at FVOCI | Debt securities
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	26,823	24,178
Financial assets at FVOCI | Debt securities | Level 1
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	14,114	12,844
Financial assets at FVOCI | Debt securities | Level 2
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	12,645	11,274
Financial assets at FVOCI | Debt securities | Level 3
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	64	60
Financial assets at FVOCI | Treasury and other bills
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value		439
Financial assets at FVOCI | Treasury and other bills | Level 1
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value		439
Derivative financial instruments
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	10,790	8,494
Derivative financial instruments | Level 2
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	10,775	8,494
Derivative financial instruments | Level 3
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	15
At fair value
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	39,999	35,395
At fair value | Level 1
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	14,562	13,734
At fair value | Level 2
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	23,424	19,772
At fair value | Level 3
Disclosure of fair value measurement of assets [line items]
Financial assets, fair value	£ 2,013	£ 1,889

Fair values of financial asse_5

Fair values of financial assets and liabilities - Financial liabilities (Details) - GBP (£) £ in Millions	Jun. 30, 2020	Dec. 31, 2019
At fair value through profit or loss
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities, fair value	£ 9,102	£ 7,702
At fair value through profit or loss | Level 1
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities, fair value	90	73
At fair value through profit or loss | Level 2
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities, fair value	8,965	7,582
At fair value through profit or loss | Level 3
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities, fair value	47	47
Liabilities held at fair value through profit or loss
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities, fair value	7,691	7,531
Liabilities held at fair value through profit or loss | Level 2
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities, fair value	7,644	7,484
Liabilities held at fair value through profit or loss | Level 3
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities, fair value	47	47
Trading liabilities
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities, fair value	1,411	171
Trading liabilities | Level 1
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities, fair value	90	73
Trading liabilities | Level 2
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities, fair value	1,321	98
Derivative financial instruments
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities, fair value	9,254	9,831
Derivative financial instruments | Level 2
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities, fair value	8,907	9,534
Derivative financial instruments | Level 3
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities, fair value	347	297
At fair value
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities, fair value	18,356	17,533
At fair value | Level 1
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities, fair value	90	73
At fair value | Level 2
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities, fair value	17,872	17,116
At fair value | Level 3
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities, fair value	£ 394	£ 344

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
	Jun. 30, 2020	Jun. 30, 2019
Reconciliation of changes in fair value measurement, assets [abstract]
Balance at beginning of period	£ 581,368
Balance at end of period	607,644	£ 592,919
Level 3
Reconciliation of changes in fair value measurement, assets [abstract]
Balance at beginning of period	1,889	2,779
Exchange and other adjustments	83	1
Gains recognised in the income statement within other income	21	2
Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income		4
Purchases	368	483
Sales	(312)	(1,273)
Transfers into the level 3 portfolio	14	420
Transfers out of the level 3 portfolio	(50)
Balance at end of period	2,013	2,416
Gains (losses) recognised in the income statement within other income relating to those assets held at 30 June 2020	105
Level 3 | Financial assets at FVPL
Reconciliation of changes in fair value measurement, assets [abstract]
Balance at beginning of period	1,829	2,721
Exchange and other adjustments	79	1
Gains recognised in the income statement within other income	20	2
Purchases	368	483
Sales	(312)	(1,272)
Transfers into the level 3 portfolio		399
Transfers out of the level 3 portfolio	(50)
Balance at end of period	1,934	2,334
Gains (losses) recognised in the income statement within other income relating to those assets held at 30 June 2020	105
Level 3 | Financial assets at FVOCI
Reconciliation of changes in fair value measurement, assets [abstract]
Balance at beginning of period	60	53
Exchange and other adjustments	4
Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income		4
Sales		(1)
Balance at end of period	64	56
Level 3 | Derivative financial instruments
Reconciliation of changes in fair value measurement, assets [abstract]
Balance at beginning of period		5
Gains recognised in the income statement within other income	1
Transfers into the level 3 portfolio	14	21
Balance at end of period	£ 15	£ 26

Fair values of financial asse_7

Fair values of financial assets and liabilities - Movements in level 3 financial liabilities portfolio (Details) - GBP (£) £ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Reconciliation of changes in fair value measurement, liabilities [abstract]
Balance at beginning of period	£ 542,469
Balance at end of period	566,999	£ 552,596
Level 3
Reconciliation of changes in fair value measurement, liabilities [abstract]
Balance at beginning of period	344	8
Losses recognised in the income statement within other income	13	8
Redemptions	(9)	(13)
Transfers into the level 3 portfolio	46	398
Balance at end of period	394	401
Losses recognised in the income statement within other income relating to those liabilities held at 30 June 2020		8
Level 3 | At fair value through profit or loss
Reconciliation of changes in fair value measurement, liabilities [abstract]
Balance at beginning of period	47
Losses recognised in the income statement within other income	1
Redemptions	(1)	(1)
Transfers into the level 3 portfolio		53
Balance at end of period	47	52
Level 3 | Derivative financial instruments
Reconciliation of changes in fair value measurement, liabilities [abstract]
Balance at beginning of period	297	8
Losses recognised in the income statement within other income	12	8
Redemptions	(8)	(12)
Transfers into the level 3 portfolio	46	345
Balance at end of period	£ 347	349
Losses recognised in the income statement within other income relating to those liabilities held at 30 June 2020		£ 8

Fair values of financial asse_8

Fair values of financial assets and liabilities - Valuation techniques (Details) £ in Millions	Jun. 30, 2020GBP (£)	Dec. 31, 2019GBP (£)
Minimum | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial assets	£ 500	£ 500
Financial liabilities	500	500
At fair value through profit or loss
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial liabilities, fair value	9,102	7,702
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, fair value	47	47
Derivative financial instruments
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial liabilities, fair value	9,254	9,831
Derivative financial instruments | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial liabilities, fair value	347	297
Derivative financial instruments | Interest rate derivatives | Option pricing model | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial liabilities, fair value	£ 50
Derivative financial instruments | Interest rate derivatives | Option pricing model | Interest rate volatility | Minimum | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Significant unobservable input reasonable assumption, liabilities	0.32
Derivative financial instruments | Interest rate derivatives | Option pricing model | Interest rate volatility | Maximum | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Significant unobservable input reasonable assumption, liabilities	0.58
Derivative financial instruments | Interest rate derivatives | Market values - property valuation | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial liabilities, fair value	£ 297
Derivative financial instruments | Interest rate derivatives | Market values - property valuation | HPI | Minimum | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Significant unobservable input reasonable assumption, liabilities	(0.05)
Derivative financial instruments | Interest rate derivatives | Market values - property valuation | HPI | Maximum | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Significant unobservable input reasonable assumption, liabilities	0.05
Loans and advances to customers
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial assets	£ 481,235	474,470
Financial assets at FVPL
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial assets	2,386	2,284
Financial assets, fair value	2,386	2,284
Financial assets at FVPL | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial assets, fair value	1,934	1,829
Financial assets at FVPL | Loans and advances to customers
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial assets, fair value	1,934	1,782
Financial assets at FVPL | Loans and advances to customers | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial assets, fair value	1,934	1,782
Financial assets at FVPL | Loans and advances to customers | Discounted cashflows | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial assets, fair value	1,934	1,782
Effect of favourable changes in significant unobservable inputs, assets	37	36
Effect of unfavourable changes in significant unobservable inputs, assets	£ (37)	£ (39)
Financial assets at FVPL | Loans and advances to customers | Discounted cashflows | Inferred spreads | Minimum | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Significant unobservable input reasonable assumption, assets	0.0050	0.0050
Financial assets at FVPL | Loans and advances to customers | Discounted cashflows | Inferred spreads | Maximum | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Significant unobservable input reasonable assumption, assets	0.0103	0.0102
Financial assets at FVPL | Debt securities
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial assets, fair value	£ 246	£ 337
Financial assets at FVPL | Debt securities | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial assets, fair value		47
Financial assets at FVOCI
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial assets	26,823	24,617
Financial assets, fair value	26,823	24,617
Financial assets at FVOCI | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial assets, fair value	64	60
Financial assets at FVOCI | Debt securities
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial assets, fair value	26,823	24,178
Financial assets at FVOCI | Debt securities | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial assets, fair value	64	60
Derivative financial instruments
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial assets	10,790	8,494
Financial assets, fair value	10,790	8,494
Derivative financial instruments | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial assets, fair value	15
Derivative financial instruments | Interest rate derivatives | Option pricing model | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial assets, fair value	£ 15
Derivative financial instruments | Interest rate derivatives | Option pricing model | Interest rate volatility | Minimum | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Significant unobservable input reasonable assumption, assets	0
Derivative financial instruments | Interest rate derivatives | Option pricing model | Interest rate volatility | Maximum | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Significant unobservable input reasonable assumption, assets	1.76
At fair value
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial assets, fair value	£ 39,999	35,395
Financial liabilities, fair value	18,356	17,533
At fair value | Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Financial assets, fair value	2,013	1,889
Financial liabilities, fair value	£ 394	£ 344

Credit quality of loans and a_3

Credit quality of loans and advances to banks and customers (Details) - GBP (£) £ in Millions	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Impairment
Internal credit ratings systems
Financial assets	£ (6,220)	£ (3,380)
Impairment | Purchased or originated credit-impaired
Internal credit ratings systems
Financial assets	(325)	(142)
Impairment | 12-month expected credit losses
Internal credit ratings systems
Financial assets	(1,553)	(760)
Impairment | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets	(2,332)	(1,070)
Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Internal credit ratings systems
Financial assets	(2,010)	(1,408)
Loans and Advances to Banks
Internal credit ratings systems
Financial assets	£ 7,070	£ 4,852
Loans and Advances to Banks | CMS 1-10 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	0.00%	0.00%
Expected credit loss PD (as a percent)	0.00%	0.00%
Loans and Advances to Banks | CMS 1-10 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	0.50%	0.50%
Expected credit loss PD (as a percent)	0.50%	0.50%
Loans and Advances to Banks | CMS 11-14 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	0.51%	0.51%
Expected credit loss PD (as a percent)	0.51%	0.51%
Loans and Advances to Banks | CMS 11-14 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	3.00%	3.00%
Expected credit loss PD (as a percent)	3.00%	3.00%
Loans and Advances to Banks | CMS 15-18 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	3.01%	3.01%
Expected credit loss PD (as a percent)	3.01%	3.01%
Loans and Advances to Banks | CMS 15-18 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	20.00%	20.00%
Expected credit loss PD (as a percent)	20.00%	20.00%
Loans and Advances to Banks | CMS 19 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	20.01%	20.01%
Expected credit loss PD (as a percent)	20.01%	20.01%
Loans and Advances to Banks | CMS 19 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	99.99%	99.99%
Expected credit loss PD (as a percent)	99.99%	99.99%
Loans and Advances to Banks | CMS 20-23
Internal credit ratings systems
Regulatory PD (as a percent)	100.00%	100.00%
Expected credit loss PD (as a percent)	100.00%	100.00%
Loans and Advances to Banks | 12-month expected credit losses
Internal credit ratings systems
Financial assets	£ 7,070	£ 4,852
Loans and Advances to Banks | Gross carrying amount
Internal credit ratings systems
Financial assets	7,085	4,852	£ 3,693
Loans and Advances to Banks | Gross carrying amount | CMS 1-10
Internal credit ratings systems
Financial assets	3,664	4,852
Loans and Advances to Banks | Gross carrying amount | CMS 11-14
Internal credit ratings systems
Financial assets	3,384
Loans and Advances to Banks | Gross carrying amount | CMS 15-18
Internal credit ratings systems
Financial assets	37
Loans and Advances to Banks | Gross carrying amount | 12-month expected credit losses
Internal credit ratings systems
Financial assets	7,085	4,852	3,691
Loans and Advances to Banks | Gross carrying amount | 12-month expected credit losses | CMS 1-10
Internal credit ratings systems
Financial assets	3,664	4,852
Loans and Advances to Banks | Gross carrying amount | 12-month expected credit losses | CMS 11-14
Internal credit ratings systems
Financial assets	3,384
Loans and Advances to Banks | Gross carrying amount | 12-month expected credit losses | CMS 15-18
Internal credit ratings systems
Financial assets	37
Loans and Advances to Banks | Gross carrying amount | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets			2
Loans and Advances to Banks | Impairment
Internal credit ratings systems
Financial assets	(15)
Loans and Advances to Banks | Impairment | CMS 11-14
Internal credit ratings systems
Financial assets	(14)
Loans and Advances to Banks | Impairment | CMS 15-18
Internal credit ratings systems
Financial assets	(1)
Loans and Advances to Banks | Impairment | 12-month expected credit losses
Internal credit ratings systems
Financial assets	(15)
Loans and Advances to Banks | Impairment | 12-month expected credit losses | CMS 11-14
Internal credit ratings systems
Financial assets	(14)
Loans and Advances to Banks | Impairment | 12-month expected credit losses | CMS 15-18
Internal credit ratings systems
Financial assets	(1)
Loans and advances to customers
Internal credit ratings systems
Financial assets	481,235	474,470
Loans and advances to customers | Purchased or originated credit-impaired
Internal credit ratings systems
Financial assets	12,718	13,572
Loans and advances to customers | 12-month expected credit losses
Internal credit ratings systems
Financial assets	409,815	429,098
Loans and advances to customers | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets	54,216	27,512
Loans and advances to customers | Lifetime expected credit losses | Credit-impaired after purchase or origination
Internal credit ratings systems
Financial assets	4,486	4,288
Loans and advances to customers | Gross carrying amount
Internal credit ratings systems
Financial assets	486,975	477,633	467,064
Loans and advances to customers | Gross carrying amount | Purchased or originated credit-impaired
Internal credit ratings systems
Financial assets	13,043	13,714	15,391
Loans and advances to customers | Gross carrying amount | 12-month expected credit losses
Internal credit ratings systems
Financial assets	411,115	429,767	420,968
Loans and advances to customers | Gross carrying amount | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets	56,357	28,505	25,308
Loans and advances to customers | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination
Internal credit ratings systems
Financial assets	6,460	5,647	£ 5,397
Loans and advances to customers | Impairment
Internal credit ratings systems
Financial assets	(5,740)	(3,163)
Loans and advances to customers | Impairment | Purchased or originated credit-impaired
Internal credit ratings systems
Financial assets	(325)	(142)
Loans and advances to customers | Impairment | 12-month expected credit losses
Internal credit ratings systems
Financial assets	(1,300)	(669)
Loans and advances to customers | Impairment | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets	(2,141)	(993)
Loans and advances to customers | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Internal credit ratings systems
Financial assets	(1,974)	(1,359)
Loans and advances to customers | Retail | Gross carrying amount
Internal credit ratings systems
Financial assets	344,232	344,483
Loans and advances to customers | Retail | Gross carrying amount | Purchased or originated credit-impaired
Internal credit ratings systems
Financial assets	13,043	13,714
Loans and advances to customers | Retail | Gross carrying amount | 12-month expected credit losses
Internal credit ratings systems
Financial assets	286,929	305,751
Loans and advances to customers | Retail | Gross carrying amount | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets	41,376	22,534
Loans and advances to customers | Retail | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination
Internal credit ratings systems
Financial assets	2,884	2,484
Loans and advances to customers | Retail | Impairment
Internal credit ratings systems
Financial assets	(3,184)	(1,961)
Loans and advances to customers | Retail | Impairment | Purchased or originated credit-impaired
Internal credit ratings systems
Financial assets	(325)	(142)
Loans and advances to customers | Retail | Impairment | 12-month expected credit losses
Internal credit ratings systems
Financial assets	(850)	(563)
Loans and advances to customers | Retail | Impairment | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets	(1,376)	(766)
Loans and advances to customers | Retail | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Internal credit ratings systems
Financial assets	£ (633)	£ (490)
Loans and advances to customers | Retail - Mortgages [Member] | RMS 1-6 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	0.00%	0.00%
Expected credit loss PD (as a percent)	0.00%	0.00%
Loans and advances to customers | Retail - Mortgages [Member] | RMS 1-6 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	4.50%	4.50%
Expected credit loss PD (as a percent)	4.50%	4.50%
Loans and advances to customers | Retail - Mortgages [Member] | RMS 7-9 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	4.51%	4.51%
Expected credit loss PD (as a percent)	4.51%	4.51%
Loans and advances to customers | Retail - Mortgages [Member] | RMS 7-9 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	14.00%	14.00%
Expected credit loss PD (as a percent)	14.00%	14.00%
Loans and advances to customers | Retail - Mortgages [Member] | RMS 10 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	14.01%	14.01%
Expected credit loss PD (as a percent)	14.01%	14.01%
Loans and advances to customers | Retail - Mortgages [Member] | RMS 10 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	20.00%	20.00%
Expected credit loss PD (as a percent)	20.00%	20.00%
Loans and advances to customers | Retail - Mortgages [Member] | RMS 11-13 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	20.01%	20.01%
Expected credit loss PD (as a percent)	20.01%	20.01%
Loans and advances to customers | Retail - Mortgages [Member] | RMS 11-13 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	99.99%	99.99%
Expected credit loss PD (as a percent)	99.99%	99.99%
Loans and advances to customers | Retail - Mortgages [Member] | RMS 14
Internal credit ratings systems
Regulatory PD (as a percent)	100.00%	100.00%
Expected credit loss PD (as a percent)	100.00%	100.00%
Loans and advances to customers | Retail - Mortgages [Member] | Gross carrying amount
Internal credit ratings systems
Financial assets	£ 285,727	£ 289,198
Loans and advances to customers | Retail - Mortgages [Member] | Gross carrying amount | RMS 1-6
Internal credit ratings systems
Financial assets	263,890	270,522
Loans and advances to customers | Retail - Mortgages [Member] | Gross carrying amount | RMS 7-9
Internal credit ratings systems
Financial assets	3,778	2,067
Loans and advances to customers | Retail - Mortgages [Member] | Gross carrying amount | RMS 10
Internal credit ratings systems
Financial assets	862	414
Loans and advances to customers | Retail - Mortgages [Member] | Gross carrying amount | RMS 11-13
Internal credit ratings systems
Financial assets	2,354	975
Loans and advances to customers | Retail - Mortgages [Member] | Gross carrying amount | RMS 14
Internal credit ratings systems
Financial assets	14,843	15,220
Loans and advances to customers | Retail - Mortgages [Member] | Gross carrying amount | Purchased or originated credit-impaired
Internal credit ratings systems
Financial assets	13,043	13,714
Loans and advances to customers | Retail - Mortgages [Member] | Gross carrying amount | Purchased or originated credit-impaired | RMS 14
Internal credit ratings systems
Financial assets	13,043	13,714
Loans and advances to customers | Retail - Mortgages [Member] | Gross carrying amount | 12-month expected credit losses
Internal credit ratings systems
Financial assets	236,577	257,043
Loans and advances to customers | Retail - Mortgages [Member] | Gross carrying amount | 12-month expected credit losses | RMS 1-6
Internal credit ratings systems
Financial assets	236,569	257,028
Loans and advances to customers | Retail - Mortgages [Member] | Gross carrying amount | 12-month expected credit losses | RMS 7-9
Internal credit ratings systems
Financial assets	8	15
Loans and advances to customers | Retail - Mortgages [Member] | Gross carrying amount | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets	34,307	16,935
Loans and advances to customers | Retail - Mortgages [Member] | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | RMS 1-6
Internal credit ratings systems
Financial assets	27,321	13,494
Loans and advances to customers | Retail - Mortgages [Member] | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | RMS 7-9
Internal credit ratings systems
Financial assets	3,770	2,052
Loans and advances to customers | Retail - Mortgages [Member] | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | RMS 10
Internal credit ratings systems
Financial assets	862	414
Loans and advances to customers | Retail - Mortgages [Member] | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | RMS 11-13
Internal credit ratings systems
Financial assets	2,354	975
Loans and advances to customers | Retail - Mortgages [Member] | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination
Internal credit ratings systems
Financial assets	1,800	1,506
Loans and advances to customers | Retail - Mortgages [Member] | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination | RMS 14
Internal credit ratings systems
Financial assets	1,800	1,506
Loans and advances to customers | Retail - Mortgages [Member] | Impairment
Internal credit ratings systems
Financial assets	(1,109)	(568)
Loans and advances to customers | Retail - Mortgages [Member] | Impairment | RMS 1-6
Internal credit ratings systems
Financial assets	(356)	(206)
Loans and advances to customers | Retail - Mortgages [Member] | Impairment | RMS 7-9
Internal credit ratings systems
Financial assets	(79)	(39)
Loans and advances to customers | Retail - Mortgages [Member] | Impairment | RMS 10
Internal credit ratings systems
Financial assets	(28)	(13)
Loans and advances to customers | Retail - Mortgages [Member] | Impairment | RMS 11-13
Internal credit ratings systems
Financial assets	(134)	(46)
Loans and advances to customers | Retail - Mortgages [Member] | Impairment | RMS 14
Internal credit ratings systems
Financial assets	(512)	(264)
Loans and advances to customers | Retail - Mortgages [Member] | Impairment | Purchased or originated credit-impaired
Internal credit ratings systems
Financial assets	(325)	(142)
Loans and advances to customers | Retail - Mortgages [Member] | Impairment | Purchased or originated credit-impaired | RMS 14
Internal credit ratings systems
Financial assets	(325)	(142)
Loans and advances to customers | Retail - Mortgages [Member] | Impairment | 12-month expected credit losses
Internal credit ratings systems
Financial assets	(106)	(23)
Loans and advances to customers | Retail - Mortgages [Member] | Impairment | 12-month expected credit losses | RMS 1-6
Internal credit ratings systems
Financial assets	(106)	(23)
Loans and advances to customers | Retail - Mortgages [Member] | Impairment | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets	(491)	(281)
Loans and advances to customers | Retail - Mortgages [Member] | Impairment | Lifetime expected credit losses | Not credit impaired | RMS 1-6
Internal credit ratings systems
Financial assets	(250)	(183)
Loans and advances to customers | Retail - Mortgages [Member] | Impairment | Lifetime expected credit losses | Not credit impaired | RMS 7-9
Internal credit ratings systems
Financial assets	(79)	(39)
Loans and advances to customers | Retail - Mortgages [Member] | Impairment | Lifetime expected credit losses | Not credit impaired | RMS 10
Internal credit ratings systems
Financial assets	(28)	(13)
Loans and advances to customers | Retail - Mortgages [Member] | Impairment | Lifetime expected credit losses | Not credit impaired | RMS 11-13
Internal credit ratings systems
Financial assets	(134)	(46)
Loans and advances to customers | Retail - Mortgages [Member] | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Internal credit ratings systems
Financial assets	(187)	(122)
Loans and advances to customers | Retail - Mortgages [Member] | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination | RMS 14
Internal credit ratings systems
Financial assets	£ (187)	£ (122)
Loans and advances to customers | Retail - credit cards | RMS 1-6 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	0.00%	0.00%
Expected credit loss PD (as a percent)	0.00%	0.00%
Loans and advances to customers | Retail - credit cards | RMS 1-6 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	4.50%	4.50%
Expected credit loss PD (as a percent)	4.50%	4.50%
Loans and advances to customers | Retail - credit cards | RMS 7-9 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	4.51%	4.51%
Expected credit loss PD (as a percent)	4.51%	4.51%
Loans and advances to customers | Retail - credit cards | RMS 7-9 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	14.00%	14.00%
Expected credit loss PD (as a percent)	14.00%	14.00%
Loans and advances to customers | Retail - credit cards | RMS 10 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	14.01%	14.01%
Expected credit loss PD (as a percent)	14.01%	14.01%
Loans and advances to customers | Retail - credit cards | RMS 10 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	20.00%	20.00%
Expected credit loss PD (as a percent)	20.00%	20.00%
Loans and advances to customers | Retail - credit cards | RMS 11-13 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	20.01%	20.01%
Expected credit loss PD (as a percent)	20.01%	20.01%
Loans and advances to customers | Retail - credit cards | RMS 11-13 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	99.99%	99.99%
Expected credit loss PD (as a percent)	99.99%	99.99%
Loans and advances to customers | Retail - credit cards | RMS 14
Internal credit ratings systems
Regulatory PD (as a percent)	100.00%	100.00%
Expected credit loss PD (as a percent)	100.00%	100.00%
Loans and advances to customers | Retail - credit cards | Gross carrying amount
Internal credit ratings systems
Financial assets	£ 15,895	£ 18,199
Loans and advances to customers | Retail - credit cards | Gross carrying amount | RMS 1-6
Internal credit ratings systems
Financial assets	10,526	15,474
Loans and advances to customers | Retail - credit cards | Gross carrying amount | RMS 7-9
Internal credit ratings systems
Financial assets	3,523	1,911
Loans and advances to customers | Retail - credit cards | Gross carrying amount | RMS 10
Internal credit ratings systems
Financial assets	764	137
Loans and advances to customers | Retail - credit cards | Gross carrying amount | RMS 11-13
Internal credit ratings systems
Financial assets	714	292
Loans and advances to customers | Retail - credit cards | Gross carrying amount | RMS 14
Internal credit ratings systems
Financial assets	368	385
Loans and advances to customers | Retail - credit cards | Gross carrying amount | 12-month expected credit losses
Internal credit ratings systems
Financial assets	13,439	16,133
Loans and advances to customers | Retail - credit cards | Gross carrying amount | 12-month expected credit losses | RMS 1-6
Internal credit ratings systems
Financial assets	10,070	14,745
Loans and advances to customers | Retail - credit cards | Gross carrying amount | 12-month expected credit losses | RMS 7-9
Internal credit ratings systems
Financial assets	2,882	1,355
Loans and advances to customers | Retail - credit cards | Gross carrying amount | 12-month expected credit losses | RMS 10
Internal credit ratings systems
Financial assets	403	32
Loans and advances to customers | Retail - credit cards | Gross carrying amount | 12-month expected credit losses | RMS 11-13
Internal credit ratings systems
Financial assets	84	1
Loans and advances to customers | Retail - credit cards | Gross carrying amount | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets	2,088	1,681
Loans and advances to customers | Retail - credit cards | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | RMS 1-6
Internal credit ratings systems
Financial assets	456	729
Loans and advances to customers | Retail - credit cards | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | RMS 7-9
Internal credit ratings systems
Financial assets	641	556
Loans and advances to customers | Retail - credit cards | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | RMS 10
Internal credit ratings systems
Financial assets	361	105
Loans and advances to customers | Retail - credit cards | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | RMS 11-13
Internal credit ratings systems
Financial assets	630	291
Loans and advances to customers | Retail - credit cards | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination
Internal credit ratings systems
Financial assets	368	385
Loans and advances to customers | Retail - credit cards | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination | RMS 14
Internal credit ratings systems
Financial assets	368	385
Loans and advances to customers | Retail - credit cards | Impairment
Internal credit ratings systems
Financial assets	(757)	(470)
Loans and advances to customers | Retail - credit cards | Impairment | RMS 1-6
Internal credit ratings systems
Financial assets	(118)	(128)
Loans and advances to customers | Retail - credit cards | Impairment | RMS 7-9
Internal credit ratings systems
Financial assets	(195)	(103)
Loans and advances to customers | Retail - credit cards | Impairment | RMS 10
Internal credit ratings systems
Financial assets	(102)	(22)
Loans and advances to customers | Retail - credit cards | Impairment | RMS 11-13
Internal credit ratings systems
Financial assets	(221)	(91)
Loans and advances to customers | Retail - credit cards | Impairment | RMS 14
Internal credit ratings systems
Financial assets	(121)	(126)
Loans and advances to customers | Retail - credit cards | Impairment | 12-month expected credit losses
Internal credit ratings systems
Financial assets	(287)	(155)
Loans and advances to customers | Retail - credit cards | Impairment | 12-month expected credit losses | RMS 1-6
Internal credit ratings systems
Financial assets	(96)	(103)
Loans and advances to customers | Retail - credit cards | Impairment | 12-month expected credit losses | RMS 7-9
Internal credit ratings systems
Financial assets	(134)	(49)
Loans and advances to customers | Retail - credit cards | Impairment | 12-month expected credit losses | RMS 10
Internal credit ratings systems
Financial assets	(44)	(3)
Loans and advances to customers | Retail - credit cards | Impairment | 12-month expected credit losses | RMS 11-13
Internal credit ratings systems
Financial assets	(13)
Loans and advances to customers | Retail - credit cards | Impairment | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets	(349)	(189)
Loans and advances to customers | Retail - credit cards | Impairment | Lifetime expected credit losses | Not credit impaired | RMS 1-6
Internal credit ratings systems
Financial assets	(22)	(25)
Loans and advances to customers | Retail - credit cards | Impairment | Lifetime expected credit losses | Not credit impaired | RMS 7-9
Internal credit ratings systems
Financial assets	(61)	(54)
Loans and advances to customers | Retail - credit cards | Impairment | Lifetime expected credit losses | Not credit impaired | RMS 10
Internal credit ratings systems
Financial assets	(58)	(19)
Loans and advances to customers | Retail - credit cards | Impairment | Lifetime expected credit losses | Not credit impaired | RMS 11-13
Internal credit ratings systems
Financial assets	(208)	(91)
Loans and advances to customers | Retail - credit cards | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Internal credit ratings systems
Financial assets	(121)	(126)
Loans and advances to customers | Retail - credit cards | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination | RMS 14
Internal credit ratings systems
Financial assets	£ (121)	£ (126)
Loans and advances to customers | Retail - UK Motor Finance [Member] | RMS 1-6 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	0.00%	0.00%
Expected credit loss PD (as a percent)	0.00%	0.00%
Loans and advances to customers | Retail - UK Motor Finance [Member] | RMS 1-6 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	4.50%	4.50%
Expected credit loss PD (as a percent)	4.50%	4.50%
Loans and advances to customers | Retail - UK Motor Finance [Member] | RMS 7-9 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	4.51%	4.51%
Expected credit loss PD (as a percent)	4.51%	4.51%
Loans and advances to customers | Retail - UK Motor Finance [Member] | RMS 7-9 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	14.00%	14.00%
Expected credit loss PD (as a percent)	14.00%	14.00%
Loans and advances to customers | Retail - UK Motor Finance [Member] | RMS 10 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	14.01%	14.01%
Expected credit loss PD (as a percent)	14.01%	14.01%
Loans and advances to customers | Retail - UK Motor Finance [Member] | RMS 10 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	20.00%	20.00%
Expected credit loss PD (as a percent)	20.00%	20.00%
Loans and advances to customers | Retail - UK Motor Finance [Member] | RMS 11-13 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	20.01%	20.01%
Expected credit loss PD (as a percent)	20.01%	20.01%
Loans and advances to customers | Retail - UK Motor Finance [Member] | RMS 11-13 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	99.99%	99.99%
Expected credit loss PD (as a percent)	99.99%	99.99%
Loans and advances to customers | Retail - UK Motor Finance [Member] | RMS 14
Internal credit ratings systems
Regulatory PD (as a percent)	100.00%	100.00%
Expected credit loss PD (as a percent)	100.00%	100.00%
Loans and advances to customers | Retail - UK Motor Finance [Member] | Gross carrying amount
Internal credit ratings systems
Financial assets	£ 15,830	£ 15,976
Loans and advances to customers | Retail - UK Motor Finance [Member] | Gross carrying amount | RMS 1-6
Internal credit ratings systems
Financial assets	13,377	14,865
Loans and advances to customers | Retail - UK Motor Finance [Member] | Gross carrying amount | RMS 7-9
Internal credit ratings systems
Financial assets	1,747	682
Loans and advances to customers | Retail - UK Motor Finance [Member] | Gross carrying amount | RMS 10
Internal credit ratings systems
Financial assets	155	99
Loans and advances to customers | Retail - UK Motor Finance [Member] | Gross carrying amount | RMS 11-13
Internal credit ratings systems
Financial assets	315	180
Loans and advances to customers | Retail - UK Motor Finance [Member] | Gross carrying amount | RMS 14
Internal credit ratings systems
Financial assets	236	150
Loans and advances to customers | Retail - UK Motor Finance [Member] | Gross carrying amount | 12-month expected credit losses
Internal credit ratings systems
Financial assets	12,674	13,884
Loans and advances to customers | Retail - UK Motor Finance [Member] | Gross carrying amount | 12-month expected credit losses | RMS 1-6
Internal credit ratings systems
Financial assets	11,615	13,568
Loans and advances to customers | Retail - UK Motor Finance [Member] | Gross carrying amount | 12-month expected credit losses | RMS 7-9
Internal credit ratings systems
Financial assets	1,054	314
Loans and advances to customers | Retail - UK Motor Finance [Member] | Gross carrying amount | 12-month expected credit losses | RMS 11-13
Internal credit ratings systems
Financial assets	5	2
Loans and advances to customers | Retail - UK Motor Finance [Member] | Gross carrying amount | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets	2,920	1,942
Loans and advances to customers | Retail - UK Motor Finance [Member] | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | RMS 1-6
Internal credit ratings systems
Financial assets	1,762	1,297
Loans and advances to customers | Retail - UK Motor Finance [Member] | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | RMS 7-9
Internal credit ratings systems
Financial assets	693	368
Loans and advances to customers | Retail - UK Motor Finance [Member] | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | RMS 10
Internal credit ratings systems
Financial assets	155	99
Loans and advances to customers | Retail - UK Motor Finance [Member] | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | RMS 11-13
Internal credit ratings systems
Financial assets	310	178
Loans and advances to customers | Retail - UK Motor Finance [Member] | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination
Internal credit ratings systems
Financial assets	236	150
Loans and advances to customers | Retail - UK Motor Finance [Member] | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination | RMS 14
Internal credit ratings systems
Financial assets	236	150
Loans and advances to customers | Retail - UK Motor Finance [Member] | Impairment
Internal credit ratings systems
Financial assets	(561)	(385)
Loans and advances to customers | Retail - UK Motor Finance [Member] | Impairment | RMS 1-6
Internal credit ratings systems
Financial assets	(234)	(233)
Loans and advances to customers | Retail - UK Motor Finance [Member] | Impairment | RMS 7-9
Internal credit ratings systems
Financial assets	(55)	(25)
Loans and advances to customers | Retail - UK Motor Finance [Member] | Impairment | RMS 10
Internal credit ratings systems
Financial assets	(21)	(10)
Loans and advances to customers | Retail - UK Motor Finance [Member] | Impairment | RMS 11-13
Internal credit ratings systems
Financial assets	(99)	(33)
Loans and advances to customers | Retail - UK Motor Finance [Member] | Impairment | RMS 14
Internal credit ratings systems
Financial assets	(152)	(84)
Loans and advances to customers | Retail - UK Motor Finance [Member] | Impairment | 12-month expected credit losses
Internal credit ratings systems
Financial assets	(192)	(214)
Loans and advances to customers | Retail - UK Motor Finance [Member] | Impairment | 12-month expected credit losses | RMS 1-6
Internal credit ratings systems
Financial assets	(184)	(203)
Loans and advances to customers | Retail - UK Motor Finance [Member] | Impairment | 12-month expected credit losses | RMS 7-9
Internal credit ratings systems
Financial assets	(8)	(10)
Loans and advances to customers | Retail - UK Motor Finance [Member] | Impairment | 12-month expected credit losses | RMS 11-13
Internal credit ratings systems
Financial assets		(1)
Loans and advances to customers | Retail - UK Motor Finance [Member] | Impairment | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets	(217)	(87)
Loans and advances to customers | Retail - UK Motor Finance [Member] | Impairment | Lifetime expected credit losses | Not credit impaired | RMS 1-6
Internal credit ratings systems
Financial assets	(50)	(30)
Loans and advances to customers | Retail - UK Motor Finance [Member] | Impairment | Lifetime expected credit losses | Not credit impaired | RMS 7-9
Internal credit ratings systems
Financial assets	(47)	(15)
Loans and advances to customers | Retail - UK Motor Finance [Member] | Impairment | Lifetime expected credit losses | Not credit impaired | RMS 10
Internal credit ratings systems
Financial assets	(21)	(10)
Loans and advances to customers | Retail - UK Motor Finance [Member] | Impairment | Lifetime expected credit losses | Not credit impaired | RMS 11-13
Internal credit ratings systems
Financial assets	(99)	(32)
Loans and advances to customers | Retail - UK Motor Finance [Member] | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Internal credit ratings systems
Financial assets	(152)	(84)
Loans and advances to customers | Retail - UK Motor Finance [Member] | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination | RMS 14
Internal credit ratings systems
Financial assets	£ (152)	£ (84)
Loans and advances to customers | Retail - Other [Member] | RMS 1-6 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	0.00%	0.00%
Expected credit loss PD (as a percent)	0.00%	0.00%
Loans and advances to customers | Retail - Other [Member] | RMS 1-6 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	4.50%	4.50%
Expected credit loss PD (as a percent)	4.50%	4.50%
Loans and advances to customers | Retail - Other [Member] | RMS 7-9 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	4.51%	4.51%
Expected credit loss PD (as a percent)	4.51%	4.51%
Loans and advances to customers | Retail - Other [Member] | RMS 7-9 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	14.00%	14.00%
Expected credit loss PD (as a percent)	14.00%	14.00%
Loans and advances to customers | Retail - Other [Member] | RMS 10 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	14.01%	14.01%
Expected credit loss PD (as a percent)	14.01%	14.01%
Loans and advances to customers | Retail - Other [Member] | RMS 10 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	20.00%	20.00%
Expected credit loss PD (as a percent)	20.00%	20.00%
Loans and advances to customers | Retail - Other [Member] | RMS 11-13 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	20.01%	20.01%
Expected credit loss PD (as a percent)	20.01%	20.01%
Loans and advances to customers | Retail - Other [Member] | RMS 11-13 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	99.99%	99.99%
Expected credit loss PD (as a percent)	99.99%	99.99%
Loans and advances to customers | Retail - Other [Member] | RMS 14
Internal credit ratings systems
Regulatory PD (as a percent)	100.00%	100.00%
Expected credit loss PD (as a percent)	100.00%	100.00%
Loans and advances to customers | Retail - Other [Member] | Gross carrying amount
Internal credit ratings systems
Financial assets	£ 26,780	£ 21,110
Loans and advances to customers | Retail - Other [Member] | Gross carrying amount | RMS 1-6
Internal credit ratings systems
Financial assets	19,935	17,929
Loans and advances to customers | Retail - Other [Member] | Gross carrying amount | RMS 7-9
Internal credit ratings systems
Financial assets	3,759	2,114
Loans and advances to customers | Retail - Other [Member] | Gross carrying amount | RMS 10
Internal credit ratings systems
Financial assets	978	135
Loans and advances to customers | Retail - Other [Member] | Gross carrying amount | RMS 11-13
Internal credit ratings systems
Financial assets	1,628	489
Loans and advances to customers | Retail - Other [Member] | Gross carrying amount | RMS 14
Internal credit ratings systems
Financial assets	480	443
Loans and advances to customers | Retail - Other [Member] | Gross carrying amount | 12-month expected credit losses
Internal credit ratings systems
Financial assets	24,239	18,691
Loans and advances to customers | Retail - Other [Member] | Gross carrying amount | 12-month expected credit losses | RMS 1-6
Internal credit ratings systems
Financial assets	19,242	17,166
Loans and advances to customers | Retail - Other [Member] | Gross carrying amount | 12-month expected credit losses | RMS 7-9
Internal credit ratings systems
Financial assets	3,213	1,330
Loans and advances to customers | Retail - Other [Member] | Gross carrying amount | 12-month expected credit losses | RMS 10
Internal credit ratings systems
Financial assets	787	44
Loans and advances to customers | Retail - Other [Member] | Gross carrying amount | 12-month expected credit losses | RMS 11-13
Internal credit ratings systems
Financial assets	997	151
Loans and advances to customers | Retail - Other [Member] | Gross carrying amount | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets	2,061	1,976
Loans and advances to customers | Retail - Other [Member] | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | RMS 1-6
Internal credit ratings systems
Financial assets	693	763
Loans and advances to customers | Retail - Other [Member] | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | RMS 7-9
Internal credit ratings systems
Financial assets	546	784
Loans and advances to customers | Retail - Other [Member] | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | RMS 10
Internal credit ratings systems
Financial assets	191	91
Loans and advances to customers | Retail - Other [Member] | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | RMS 11-13
Internal credit ratings systems
Financial assets	631	338
Loans and advances to customers | Retail - Other [Member] | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination
Internal credit ratings systems
Financial assets	480	443
Loans and advances to customers | Retail - Other [Member] | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination | RMS 14
Internal credit ratings systems
Financial assets	480	443
Loans and advances to customers | Retail - Other [Member] | Impairment
Internal credit ratings systems
Financial assets	(757)	(538)
Loans and advances to customers | Retail - Other [Member] | Impairment | RMS 1-6
Internal credit ratings systems
Financial assets	(144)	(135)
Loans and advances to customers | Retail - Other [Member] | Impairment | RMS 7-9
Internal credit ratings systems
Financial assets	(153)	(119)
Loans and advances to customers | Retail - Other [Member] | Impairment | RMS 10
Internal credit ratings systems
Financial assets	(57)	(20)
Loans and advances to customers | Retail - Other [Member] | Impairment | RMS 11-13
Internal credit ratings systems
Financial assets	(230)	(106)
Loans and advances to customers | Retail - Other [Member] | Impairment | RMS 14
Internal credit ratings systems
Financial assets	(173)	(158)
Loans and advances to customers | Retail - Other [Member] | Impairment | 12-month expected credit losses
Internal credit ratings systems
Financial assets	(265)	(171)
Loans and advances to customers | Retail - Other [Member] | Impairment | 12-month expected credit losses | RMS 1-6
Internal credit ratings systems
Financial assets	(116)	(109)
Loans and advances to customers | Retail - Other [Member] | Impairment | 12-month expected credit losses | RMS 7-9
Internal credit ratings systems
Financial assets	(110)	(55)
Loans and advances to customers | Retail - Other [Member] | Impairment | 12-month expected credit losses | RMS 10
Internal credit ratings systems
Financial assets	(22)	(4)
Loans and advances to customers | Retail - Other [Member] | Impairment | 12-month expected credit losses | RMS 11-13
Internal credit ratings systems
Financial assets	(17)	(3)
Loans and advances to customers | Retail - Other [Member] | Impairment | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets	(319)	(209)
Loans and advances to customers | Retail - Other [Member] | Impairment | Lifetime expected credit losses | Not credit impaired | RMS 1-6
Internal credit ratings systems
Financial assets	(28)	(26)
Loans and advances to customers | Retail - Other [Member] | Impairment | Lifetime expected credit losses | Not credit impaired | RMS 7-9
Internal credit ratings systems
Financial assets	(43)	(64)
Loans and advances to customers | Retail - Other [Member] | Impairment | Lifetime expected credit losses | Not credit impaired | RMS 10
Internal credit ratings systems
Financial assets	(35)	(16)
Loans and advances to customers | Retail - Other [Member] | Impairment | Lifetime expected credit losses | Not credit impaired | RMS 11-13
Internal credit ratings systems
Financial assets	(213)	(103)
Loans and advances to customers | Retail - Other [Member] | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Internal credit ratings systems
Financial assets	(173)	(158)
Loans and advances to customers | Retail - Other [Member] | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination | RMS 14
Internal credit ratings systems
Financial assets	£ (173)	£ (158)
Loans and advances to customers | Commercial | CMS 1-10 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	0.00%	0.00%
Expected credit loss PD (as a percent)	0.00%	0.00%
Loans and advances to customers | Commercial | CMS 1-10 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	0.50%	0.50%
Expected credit loss PD (as a percent)	0.50%	0.50%
Loans and advances to customers | Commercial | CMS 11-14 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	0.51%	0.51%
Expected credit loss PD (as a percent)	0.51%	0.51%
Loans and advances to customers | Commercial | CMS 11-14 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	3.00%	3.00%
Expected credit loss PD (as a percent)	3.00%	3.00%
Loans and advances to customers | Commercial | CMS 15-18 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	3.01%	3.01%
Expected credit loss PD (as a percent)	3.01%	3.01%
Loans and advances to customers | Commercial | CMS 15-18 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	20.00%	20.00%
Expected credit loss PD (as a percent)	20.00%	20.00%
Loans and advances to customers | Commercial | CMS 19 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	20.01%	20.01%
Expected credit loss PD (as a percent)	2.01%	20.01%
Loans and advances to customers | Commercial | CMS 19 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	99.99%	99.99%
Expected credit loss PD (as a percent)	99.99%	99.99%
Loans and advances to customers | Commercial | CMS 20-23
Internal credit ratings systems
Regulatory PD (as a percent)	100.00%	100.00%
Expected credit loss PD (as a percent)	100.00%	100.00%
Loans and advances to customers | Commercial | Gross carrying amount
Internal credit ratings systems
Financial assets	£ 81,383	£ 79,300
Loans and advances to customers | Commercial | Gross carrying amount | CMS 1-10
Internal credit ratings systems
Financial assets	20,208	43,488
Loans and advances to customers | Commercial | Gross carrying amount | CMS 11-14
Internal credit ratings systems
Financial assets	42,453	27,653
Loans and advances to customers | Commercial | Gross carrying amount | CMS 15-18
Internal credit ratings systems
Financial assets	13,687	4,882
Loans and advances to customers | Commercial | Gross carrying amount | CMS 19
Internal credit ratings systems
Financial assets	1,542	168
Loans and advances to customers | Commercial | Gross carrying amount | CMS 20-23
Internal credit ratings systems
Financial assets	3,493	3,109
Loans and advances to customers | Commercial | Gross carrying amount | 12-month expected credit losses
Internal credit ratings systems
Financial assets	62,933	70,252
Loans and advances to customers | Commercial | Gross carrying amount | 12-month expected credit losses | CMS 1-10
Internal credit ratings systems
Financial assets	20,094	43,118
Loans and advances to customers | Commercial | Gross carrying amount | 12-month expected credit losses | CMS 11-14
Internal credit ratings systems
Financial assets	35,518	25,341
Loans and advances to customers | Commercial | Gross carrying amount | 12-month expected credit losses | CMS 15-18
Internal credit ratings systems
Financial assets	7,321	1,793
Loans and advances to customers | Commercial | Gross carrying amount | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets	14,957	5,939
Loans and advances to customers | Commercial | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | CMS 1-10
Internal credit ratings systems
Financial assets	114	370
Loans and advances to customers | Commercial | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | CMS 11-14
Internal credit ratings systems
Financial assets	6,935	2,312
Loans and advances to customers | Commercial | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | CMS 15-18
Internal credit ratings systems
Financial assets	6,366	3,089
Loans and advances to customers | Commercial | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | CMS 19
Internal credit ratings systems
Financial assets	1,542	168
Loans and advances to customers | Commercial | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination
Internal credit ratings systems
Financial assets	3,493	3,109
Loans and advances to customers | Commercial | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination | CMS 20-23
Internal credit ratings systems
Financial assets	3,493	3,109
Loans and advances to customers | Commercial | Impairment
Internal credit ratings systems
Financial assets	(2,330)	(1,175)
Loans and advances to customers | Commercial | Impairment | CMS 1-10
Internal credit ratings systems
Financial assets	(9)	(29)
Loans and advances to customers | Commercial | Impairment | CMS 11-14
Internal credit ratings systems
Financial assets	(279)	(87)
Loans and advances to customers | Commercial | Impairment | CMS 15-18
Internal credit ratings systems
Financial assets	(484)	(184)
Loans and advances to customers | Commercial | Impairment | CMS 19
Internal credit ratings systems
Financial assets	(230)	(16)
Loans and advances to customers | Commercial | Impairment | CMS 20-23
Internal credit ratings systems
Financial assets	(1,328)	(859)
Loans and advances to customers | Commercial | Impairment | 12-month expected credit losses
Internal credit ratings systems
Financial assets	(237)	(90)
Loans and advances to customers | Commercial | Impairment | 12-month expected credit losses | CMS 1-10
Internal credit ratings systems
Financial assets	(9)	(27)
Loans and advances to customers | Commercial | Impairment | 12-month expected credit losses | CMS 11-14
Internal credit ratings systems
Financial assets	(120)	(50)
Loans and advances to customers | Commercial | Impairment | 12-month expected credit losses | CMS 15-18
Internal credit ratings systems
Financial assets	(108)	(13)
Loans and advances to customers | Commercial | Impairment | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets	(765)	(226)
Loans and advances to customers | Commercial | Impairment | Lifetime expected credit losses | Not credit impaired | CMS 1-10
Internal credit ratings systems
Financial assets		(2)
Loans and advances to customers | Commercial | Impairment | Lifetime expected credit losses | Not credit impaired | CMS 11-14
Internal credit ratings systems
Financial assets	(159)	(37)
Loans and advances to customers | Commercial | Impairment | Lifetime expected credit losses | Not credit impaired | CMS 15-18
Internal credit ratings systems
Financial assets	(376)	(171)
Loans and advances to customers | Commercial | Impairment | Lifetime expected credit losses | Not credit impaired | CMS 19
Internal credit ratings systems
Financial assets	(230)	(16)
Loans and advances to customers | Commercial | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Internal credit ratings systems
Financial assets	(1,328)	(859)
Loans and advances to customers | Commercial | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination | CMS 20-23
Internal credit ratings systems
Financial assets	£ (1,328)	£ (859)
Loans and advances to customers | Other | CMS 1-10 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	0.00%	0.00%
Expected credit loss PD (as a percent)	0.00%	0.00%
Loans and advances to customers | Other | CMS 1-10 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	0.50%	0.50%
Expected credit loss PD (as a percent)	0.50%	0.50%
Loans and advances to customers | Other | CMS 11-14 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	0.51%	0.51%
Expected credit loss PD (as a percent)	0.51%	0.51%
Loans and advances to customers | Other | CMS 11-14 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	3.00%	3.00%
Expected credit loss PD (as a percent)	3.00%	3.00%
Loans and advances to customers | Other | CMS 15-18 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	3.01%	3.01%
Expected credit loss PD (as a percent)	3.01%	3.01%
Loans and advances to customers | Other | CMS 15-18 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	20.00%	20.00%
Expected credit loss PD (as a percent)	20.00%	20.00%
Loans and advances to customers | Other | CMS 19 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	20.01%	20.01%
Expected credit loss PD (as a percent)	20.01%	20.01%
Loans and advances to customers | Other | CMS 19 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	99.99%	99.99%
Expected credit loss PD (as a percent)	99.99%	99.99%
Loans and advances to customers | Other | CMS 20-23
Internal credit ratings systems
Regulatory PD (as a percent)	100.00%	100.00%
Expected credit loss PD (as a percent)	100.00%	100.00%
Loans and advances to customers | Other | RMS 1-6 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	0.00%	0.00%
Expected credit loss PD (as a percent)	0.00%	0.00%
Loans and advances to customers | Other | RMS 1-6 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	4.50%	4.50%
Expected credit loss PD (as a percent)	4.50%	4.50%
Loans and advances to customers | Other | RMS 7-9 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	4.51%	4.51%
Expected credit loss PD (as a percent)	4.51%	4.51%
Loans and advances to customers | Other | RMS 7-9 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	14.00%	14.00%
Expected credit loss PD (as a percent)	14.00%	14.00%
Loans and advances to customers | Other | RMS 10 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	14.01%	14.01%
Expected credit loss PD (as a percent)	14.01%	14.01%
Loans and advances to customers | Other | RMS 10 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	20.00%	20.00%
Expected credit loss PD (as a percent)	20.00%	20.00%
Loans and advances to customers | Other | RMS 11-13 | Minimum
Internal credit ratings systems
Regulatory PD (as a percent)	20.01%	20.01%
Expected credit loss PD (as a percent)	20.01%	20.01%
Loans and advances to customers | Other | RMS 11-13 | Maximum
Internal credit ratings systems
Regulatory PD (as a percent)	99.99%	99.99%
Expected credit loss PD (as a percent)	99.99%	99.99%
Loans and advances to customers | Other | RMS 14
Internal credit ratings systems
Regulatory PD (as a percent)	100.00%	100.00%
Expected credit loss PD (as a percent)	100.00%	100.00%
Loans and advances to customers | Other | Gross carrying amount
Internal credit ratings systems
Financial assets	£ 61,360	£ 53,850
Loans and advances to customers | Other | Gross carrying amount | CMS 1-10
Internal credit ratings systems
Financial assets	60,489	53,010
Loans and advances to customers | Other | Gross carrying amount | CMS
Internal credit ratings systems
Financial assets	60,489	53,010
Loans and advances to customers | Other | Gross carrying amount | RMS 1-6
Internal credit ratings systems
Financial assets	788	786
Loans and advances to customers | Other | Gross carrying amount | RMS 14
Internal credit ratings systems
Financial assets	83	54
Loans and advances to customers | Other | Gross carrying amount | RMS
Internal credit ratings systems
Financial assets	871	840
Loans and advances to customers | Other | Gross carrying amount | 12-month expected credit losses
Internal credit ratings systems
Financial assets	61,253	53,764
Loans and advances to customers | Other | Gross carrying amount | 12-month expected credit losses | CMS 1-10
Internal credit ratings systems
Financial assets	60,489	53,010
Loans and advances to customers | Other | Gross carrying amount | 12-month expected credit losses | CMS
Internal credit ratings systems
Financial assets	60,489	53,010
Loans and advances to customers | Other | Gross carrying amount | 12-month expected credit losses | RMS 1-6
Internal credit ratings systems
Financial assets	764	754
Loans and advances to customers | Other | Gross carrying amount | 12-month expected credit losses | RMS
Internal credit ratings systems
Financial assets	764	754
Loans and advances to customers | Other | Gross carrying amount | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets	24	32
Loans and advances to customers | Other | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | RMS 1-6
Internal credit ratings systems
Financial assets	24	32
Loans and advances to customers | Other | Gross carrying amount | Lifetime expected credit losses | Not credit impaired | RMS
Internal credit ratings systems
Financial assets	24	32
Loans and advances to customers | Other | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination
Internal credit ratings systems
Financial assets	83	54
Loans and advances to customers | Other | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination | RMS 14
Internal credit ratings systems
Financial assets	83	54
Loans and advances to customers | Other | Gross carrying amount | Lifetime expected credit losses | Credit-impaired after purchase or origination | RMS
Internal credit ratings systems
Financial assets	83	54
Loans and advances to customers | Other | Impairment
Internal credit ratings systems
Financial assets	(226)	(27)
Loans and advances to customers | Other | Impairment | RMS 1-6
Internal credit ratings systems
Financial assets	(13)	(17)
Loans and advances to customers | Other | Impairment | RMS 14
Internal credit ratings systems
Financial assets	(13)	(10)
Loans and advances to customers | Other | Impairment | RMS
Internal credit ratings systems
Financial assets	(26)	(27)
Loans and advances to customers | Other | Impairment | 12-month expected credit losses
Internal credit ratings systems
Financial assets	(213)	(16)
Loans and advances to customers | Other | Impairment | 12-month expected credit losses | RMS 1-6
Internal credit ratings systems
Financial assets	(13)	(16)
Loans and advances to customers | Other | Impairment | 12-month expected credit losses | RMS
Internal credit ratings systems
Financial assets	(13)	(16)
Loans and advances to customers | Other | Impairment | Lifetime expected credit losses | Not credit impaired
Internal credit ratings systems
Financial assets		(1)
Loans and advances to customers | Other | Impairment | Lifetime expected credit losses | Not credit impaired | RMS 1-6
Internal credit ratings systems
Financial assets		(1)
Loans and advances to customers | Other | Impairment | Lifetime expected credit losses | Not credit impaired | RMS
Internal credit ratings systems
Financial assets		(1)
Loans and advances to customers | Other | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination
Internal credit ratings systems
Financial assets	(13)	(10)
Loans and advances to customers | Other | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination | RMS 14
Internal credit ratings systems
Financial assets	(13)	(10)
Loans and advances to customers | Other | Impairment | Lifetime expected credit losses | Credit-impaired after purchase or origination | RMS
Internal credit ratings systems
Financial assets	(13)	£ (10)
Loans and advances to customers | Central adjustment to severe scenario | Impairment
Internal credit ratings systems
Financial assets	(200)
Loans and advances to customers | Central adjustment to severe scenario | Impairment | 12-month expected credit losses
Internal credit ratings systems
Financial assets	£ (200)

Related party transactions - Ba

Related party transactions - Balances and transactions with fellow Lloyds Banking Group undertakings (Details) - GBP (£) £ in Millions	Jun. 30, 2020	Dec. 31, 2019
Assets
Due from fellow Lloyds Banking Group undertakings	£ 925	£ 1,854
Derivative financial instruments	10,790	8,494
Liabilities
Due to fellow Lloyds Banking Group undertakings	6,502	4,893
Derivative financial instruments	9,254	9,831
Financial liabilities at fair value through profit or loss	9,102	7,702
Debt securities in issue	73,847	83,962
Subordinated liabilities	12,125	12,586
Related parties
Assets
Due from fellow Lloyds Banking Group undertakings	925	1,854
Derivative financial instruments	912	591
Liabilities
Due to fellow Lloyds Banking Group undertakings	6,502	4,893
Derivative financial instruments	1,629	1,986
Financial liabilities at fair value through profit or loss	1,228	1
Debt securities in issue	12,410	11,181
Subordinated liabilities	£ 4,227	£ 3,663

Related party transactions (Det

Related party transactions (Details) - GBP (£) £ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Disclosure of transactions between related parties [line items]
Net interest income	£ 7,295	£ 8,016
Interest expense	1,681	1,948
Debt securities in issue	73,847		£ 83,962
Related parties
Disclosure of transactions between related parties [line items]
Net interest income	3	6
Interest expense	242	£ 236
Debt securities in issue	12,410		£ 11,181
Parent
Disclosure of transactions between related parties [line items]
Debt securities in issue	£ 1,070