Cover
Cover | 12 Months Ended |
Dec. 31, 2021shares | |
Document information [Line Items] | |
Document type | 20-F |
Document registration statement | false |
Document annual report | true |
Document period end date | Dec. 31, 2021 |
Current fiscal year end date | --12-31 |
Document transition report | false |
Document shell company report | false |
Entity file number | 001-35079 |
Entity registrant name | LLOYDS BANK plc |
Entity incorporation, state or country code | X0 |
Entity address, address line one | 25 Gresham Street |
Entity address, city or town | London |
Entity address, postal zip code | EC2V 7HN |
Entity address, country | GB |
Entity well-known seasoned issuer | No |
Entity voluntary filers | No |
Entity current reporting status | Yes |
Entity interactive data current | Yes |
Entity filer category | Non-accelerated Filer |
Entity emerging growth company | false |
ICFR auditor attestation flag | true |
Document accounting standard | International Financial Reporting Standards |
Entity shell company | false |
Amendment flag | false |
Entity central index key | 0001167831 |
Document fiscal year focus | 2021 |
Document fiscal period focus | FY |
Ordinary shares, nominal value 1 pound each | |
Document information [Line Items] | |
Entity common stock, shares outstanding (in shares) | 1,574,285,752 |
Preference shares, nominal value 1 pound each | |
Document information [Line Items] | |
Entity common stock, shares outstanding (in shares) | 100 |
Preference shares, nominal value 25 pence each | |
Document information [Line Items] | |
Entity common stock, shares outstanding (in shares) | 0 |
Preference shares, nominal value 25 cents each | |
Document information [Line Items] | |
Entity common stock, shares outstanding (in shares) | 0 |
Preference shares, nominal value 25 Euro cents each | |
Document information [Line Items] | |
Entity common stock, shares outstanding (in shares) | 0 |
Preference shares, nominal value 25 Yen each | |
Document information [Line Items] | |
Entity common stock, shares outstanding (in shares) | 0 |
Business contact | |
Document information [Line Items] | |
Entity address, address line one | 25 Gresham Street |
Entity address, city or town | London |
Entity address, postal zip code | EC2V 7HN |
Entity address, country | GB |
Contact personnel name | Kate Cheetham |
City area code | 44 |
Local phone number | (0) 20 7356 2104 |
Contact personnel fax number | 44 (0) 20 7356 1808 |
$1,250,000,000 3.5% Senior Notes due 2025 | The New York Stock Exchange | |
Document information [Line Items] | |
Title of 12(b) security | $1,250,000,000 3.5% Senior Notes due 2025 |
Trading symbol | LYG/25 |
Security exchange name | NYSE |
$1,500,000,000 2.25% Senior Notes due 2022 | The New York Stock Exchange | |
Document information [Line Items] | |
Title of 12(b) security | $1,500,000,000 2.25% Senior Notes due 2022 |
Trading symbol | LYG/22 |
Security exchange name | NYSE |
Audit Information
Audit Information | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Audit Information [Abstract] | ||
Auditor firm ID | 1147 | 876 |
Auditor name | Deloitte LLP | PricewaterhouseCoopers LLP |
Auditor location | 8 March 2022 | London, United Kingdom |
CONSOLIDATED INCOME STATEMENT
CONSOLIDATED INCOME STATEMENT - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Statement [Line items] | |||
Profit attributable to ordinary shareholders | £ 3,249 | £ 224 | £ 2,165 |
Profit attributable to other equity holders | 344 | 417 | 281 |
The Group | |||
Statement [Line items] | |||
Interest income | 12,920 | 13,866 | 16,098 |
Interest expense | (1,884) | (3,096) | (3,878) |
Net interest income | 11,036 | 10,770 | 12,220 |
Fee and commission income | 2,195 | 1,924 | 2,363 |
Fee and commission expense | (942) | (909) | (1,027) |
Net fee and commission income | 1,253 | 1,015 | 1,336 |
Net trading income | 385 | 750 | 360 |
Other operating income | 1,999 | 2,050 | 2,692 |
Other income | 3,637 | 3,815 | 4,388 |
Total income | 14,673 | 14,585 | 16,608 |
Operating expenses | (10,206) | (9,196) | (11,123) |
Impairment credit (charge) | 1,318 | (4,060) | (1,362) |
Profit before tax | 5,785 | 1,329 | 4,123 |
Tax (expense) credit | (583) | 137 | (1,287) |
Profit for the year | 5,202 | 1,466 | 2,836 |
Profit attributable to ordinary shareholders | 4,826 | 1,023 | 2,515 |
Profit attributable to other equity holders | 344 | 417 | 281 |
Profit attributable to equity holders | 5,170 | 1,440 | 2,796 |
Profit attributable to non-controlling interests | £ 32 | £ 26 | £ 40 |
STATEMENTS OF COMPREHENSIVE INC
STATEMENTS OF COMPREHENSIVE INCOME - GBP (£) £ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
The Group | ||||
Statement [Line items] | ||||
Profit for the year | £ 5,202 | £ 1,466 | £ 2,836 | |
Post-retirement defined benefit scheme remeasurements: | ||||
Remeasurements before tax | 1,720 | 138 | (1,433) | |
Tax | (658) | (25) | 316 | |
Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans | 1,062 | 113 | (1,117) | |
Movements in revaluation reserve in respect of equity shares held at fair value through other comprehensive income: | ||||
Change in fair value | 0 | 0 | 0 | |
Tax | 1 | (16) | 12 | |
Other comprehensive income, net of tax, gains (losses) from investments in equity instruments | 1 | (16) | 12 | |
Gains and losses attributable to own credit risk: | ||||
Losses before tax | (86) | (75) | (419) | |
Tax | 34 | 20 | 113 | |
Gains (losses) attributable to own credit risk after tax | (52) | (55) | (306) | |
Movements in revaluation reserve in respect of debt securities held at fair value through other comprehensive income: | ||||
Change in fair value | 137 | 46 | (34) | |
Income statement transfers in respect of disposals | 116 | (145) | (196) | |
Income statement transfers in respect of impairment | (2) | 5 | (1) | |
Tax | (55) | 74 | 72 | |
Other comprehensive income, net of tax, financial assets measured at fair value through other comprehensive income | 196 | (20) | (159) | |
Movements in cash flow hedging reserve: | ||||
Effective portion of changes in fair value taken to other comprehensive income | (2,138) | 709 | 1,166 | |
Net income statement transfers | (584) | (727) | (580) | |
Tax | 764 | (31) | (140) | |
Other comprehensive income, net of tax, cash flow hedges | (1,958) | (49) | 446 | |
Movements in foreign currency translation reserve: | ||||
Currency translation differences (tax: £nil) | (19) | 0 | (2) | |
Transfers to income statement (tax: £nil) | 0 | 0 | 0 | |
Increase (decrease) through foreign exchange and other movements, financial assets | (19) | 0 | (2) | |
Total other comprehensive income | (770) | (27) | (1,126) | |
Total comprehensive income for the year | 4,432 | [1] | 1,439 | 1,710 |
Total comprehensive income attributable to ordinary shareholders | 4,056 | 996 | 1,389 | |
Total comprehensive income attributable to other equity holders | 344 | 417 | 281 | |
Total comprehensive income attributable to equity holders | 4,400 | 1,413 | 1,670 | |
Total comprehensive income attributable to non-controlling interests | 32 | 26 | 40 | |
The Bank | ||||
Statement [Line items] | ||||
Profit for the year | 3,593 | 641 | 2,446 | |
Post-retirement defined benefit scheme remeasurements: | ||||
Remeasurements before tax | 951 | (133) | (776) | |
Tax | (395) | 31 | 200 | |
Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans | 556 | (102) | (576) | |
Movements in revaluation reserve in respect of equity shares held at fair value through other comprehensive income: | ||||
Change in fair value | 0 | 0 | 0 | |
Tax | 1 | 4 | 12 | |
Other comprehensive income, net of tax, gains (losses) from investments in equity instruments | 1 | 4 | 12 | |
Gains and losses attributable to own credit risk: | ||||
Losses before tax | (86) | (75) | (419) | |
Tax | 34 | 20 | 113 | |
Gains (losses) attributable to own credit risk after tax | (52) | (55) | (306) | |
Movements in revaluation reserve in respect of debt securities held at fair value through other comprehensive income: | ||||
Change in fair value | 139 | 12 | (50) | |
Income statement transfers in respect of disposals | (2) | (138) | (201) | |
Income statement transfers in respect of impairment | 1 | 1 | (1) | |
Tax | (47) | 36 | 74 | |
Other comprehensive income, net of tax, financial assets measured at fair value through other comprehensive income | 91 | (89) | (178) | |
Movements in cash flow hedging reserve: | ||||
Effective portion of changes in fair value taken to other comprehensive income | (438) | 85 | 892 | |
Net income statement transfers | (399) | (355) | (448) | |
Tax | 190 | 30 | (105) | |
Other comprehensive income, net of tax, cash flow hedges | (647) | (240) | 339 | |
Movements in foreign currency translation reserve: | ||||
Currency translation differences (tax: £nil) | (2) | 1 | 6 | |
Transfers to income statement (tax: £nil) | 0 | 0 | 0 | |
Increase (decrease) through foreign exchange and other movements, financial assets | (2) | 1 | 6 | |
Total other comprehensive income | (53) | (481) | (703) | |
Total comprehensive income for the year | 3,540 | 160 | 1,743 | |
Total comprehensive income attributable to ordinary shareholders | 3,196 | (257) | 1,462 | |
Total comprehensive income attributable to other equity holders | 344 | 417 | 281 | |
Total comprehensive income attributable to equity holders | £ 3,540 | £ 160 | £ 1,743 | |
[1] | Total comprehensive income attributable to owners of the parent was £4,400 million (2020: £1,413 million; 2019: £1,670 million). |
STATEMENTS OF COMPREHENSIVE I_2
STATEMENTS OF COMPREHENSIVE INCOME (Parentheticals) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
The Group | |||
Statement [Line items] | |||
Currency translation differences tax | £ 0 | £ 0 | £ 0 |
Transfers to income statement tax | 0 | 0 | 0 |
The Bank | |||
Statement [Line items] | |||
Currency translation differences tax | 0 | 0 | 0 |
Transfers to income statement tax | £ 0 | £ 0 | £ 0 |
BALANCE SHEETS
BALANCE SHEETS - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | |
Liabilities | |||
Subordinated liabilities | £ 9,242 | ||
Equity | |||
Share capital | £ 1,574 | 1,574 | |
Share premium account | 600 | 600 | |
Other equity instruments | 4,268 | 5,935 | |
The Group | |||
Assets | |||
Cash and balances at central banks | 54,279 | 49,888 | |
Items in the course of collection from banks | 147 | 300 | |
Financial assets at fair value through profit or loss | 1,798 | 1,674 | |
Derivative financial instruments | 5,511 | 8,341 | |
Loans and advances to banks | [1] | 4,478 | 4,324 |
Loans and advances to customers | [1] | 430,829 | 425,694 |
Due from fellow Lloyds Banking Group undertakings | [1] | 49,708 | 56,073 |
Debt securities | 4,562 | 5,137 | |
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 739 | 738 | |
Financial assets at amortised cost | 490,316 | 491,966 | |
Financial assets at fair value through other comprehensive income | 27,786 | 27,260 | |
Goodwill | 470 | 470 | |
Other intangible assets | 4,144 | 4,112 | |
Current tax recoverable | 220 | 537 | |
Deferred tax assets | 4,048 | 3,468 | |
Investment in subsidiary undertakings | 0 | 0 | |
Retirement benefit assets | 4,531 | 1,714 | |
Other assets | 9,599 | 10,209 | |
Total assets | 602,849 | 599,939 | |
Liabilities | |||
Deposits from banks | [1] | 3,363 | 6,230 |
Customer deposits | [1] | 449,373 | 425,152 |
Due to fellow Lloyds Banking Group undertakings | [1] | 30,106 | 28,184 |
Due to fellow Lloyds Banking Group undertakings | 1,490 | 6,875 | |
Items in course of transmission to banks | 308 | 302 | |
Financial liabilities at fair value through profit or loss | 6,537 | 6,831 | |
Derivative financial instruments | 4,643 | 8,228 | |
Notes in circulation | 1,321 | 1,305 | |
Debt securities in issue | 48,724 | 59,293 | |
Other liabilities | 5,391 | 5,181 | |
Retirement benefit obligations | 230 | 245 | |
Current tax liabilities | 0 | 31 | |
Other provisions | 1,933 | 1,722 | |
Subordinated liabilities | 8,658 | 9,242 | |
Total liabilities | 562,077 | 558,821 | |
Equity | |||
Share capital | 1,574 | 1,574 | |
Share premium account | 600 | 600 | |
Other reserves | 5,400 | 7,181 | |
Retained profits | 28,836 | 25,750 | |
Ordinary shareholders’ equity | 36,410 | 35,105 | |
Other equity instruments | 4,268 | 5,935 | |
Total equity excluding non-controlling interests | 40,678 | 41,040 | |
Non-controlling interests | 94 | 78 | |
Total equity | 40,772 | 41,118 | |
Total equity and liabilities | 602,849 | 599,939 | |
The Bank | |||
Assets | |||
Cash and balances at central banks | 49,618 | 45,753 | |
Items in the course of collection from banks | 99 | 257 | |
Financial assets at fair value through profit or loss | 4,529 | 1,724 | |
Derivative financial instruments | 6,898 | 12,595 | |
Loans and advances to banks | [1] | 4,291 | 4,030 |
Loans and advances to customers | [1] | 116,716 | 123,822 |
Due from fellow Lloyds Banking Group undertakings | [1] | 49,708 | 56,073 |
Debt securities | 3,756 | 4,315 | |
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 108,424 | 128,771 | |
Financial assets at amortised cost | 282,895 | 317,011 | |
Financial assets at fair value through other comprehensive income | 25,529 | 24,647 | |
Goodwill | 0 | 0 | |
Other intangible assets | 3,096 | 2,960 | |
Current tax recoverable | 245 | 440 | |
Deferred tax assets | 2,434 | 2,109 | |
Investment in subsidiary undertakings | 30,588 | 33,353 | |
Retirement benefit assets | 2,420 | 765 | |
Other assets | 3,473 | 3,852 | |
Total assets | 411,824 | 445,466 | |
Liabilities | |||
Deposits from banks | [1] | 2,768 | 5,217 |
Customer deposits | [1] | 268,683 | 255,056 |
Due to fellow Lloyds Banking Group undertakings | [1] | 78 | 14,504 |
Due to fellow Lloyds Banking Group undertakings | 22,872 | 39,836 | |
Items in course of transmission to banks | 207 | 199 | |
Financial liabilities at fair value through profit or loss | 9,821 | 7,907 | |
Derivative financial instruments | 6,102 | 11,072 | |
Notes in circulation | 0 | 0 | |
Debt securities in issue | 38,439 | 48,109 | |
Other liabilities | 3,128 | 2,573 | |
Retirement benefit obligations | 101 | 106 | |
Current tax liabilities | 0 | 0 | |
Other provisions | 771 | 968 | |
Subordinated liabilities | 7,907 | 7,751 | |
Total liabilities | 360,877 | 393,298 | |
Equity | |||
Share capital | 1,574 | 1,574 | |
Share premium account | 600 | 600 | |
Other reserves | 824 | 1,382 | |
Retained profits | 43,681 | 42,677 | |
Ordinary shareholders’ equity | 46,679 | 46,233 | |
Other equity instruments | 4,268 | 5,935 | |
Total equity excluding non-controlling interests | 50,947 | 52,168 | |
Non-controlling interests | 0 | 0 | |
Total equity | 50,947 | 52,168 | |
Total equity and liabilities | £ 411,824 | £ 445,466 | |
[1] | ee note 1 regarding change to presentation. |
STATEMENT OF CHANGES IN EQUITY
STATEMENT OF CHANGES IN EQUITY - GBP (£) £ in Millions | The Group | The GroupDebt securities | The GroupEquity shares | The Bank | The BankDebt securities | The BankEquity shares | TotalThe Group | TotalThe GroupDebt securities | TotalThe GroupEquity shares | TotalThe Bank | TotalThe BankDebt securities | TotalThe BankEquity shares | Share capital and premiumThe Group | Share capital and premiumThe Bank | Other reservesThe Group | Other reservesThe GroupDebt securities | Other reservesThe GroupEquity shares | Other reservesThe Bank | Other reservesThe BankDebt securities | Other reservesThe BankEquity shares | Retained profitsThe Group | Retained profitsThe Bank | Other equity instrumentsThe Group | Other equity instrumentsThe Bank | Non- controlling interestsThe Group | ||||||
At 1 January at Dec. 31, 2018 | £ 39,750 | £ 51,985 | £ 36,460 | £ 48,768 | £ 2,174 | £ 2,174 | £ 6,965 | £ 1,543 | £ 27,321 | £ 45,051 | £ 3,217 | £ 3,217 | £ 73 | ||||||||||||||||||
Comprehensive income | |||||||||||||||||||||||||||||||
Profit for the year | 2,836 | 2,446 | 2,515 | 2,165 | 2,515 | 2,165 | 281 | 281 | 40 | ||||||||||||||||||||||
Post-retirement defined benefit scheme remeasurements, net of tax | (1,117) | (576) | (1,117) | (576) | (1,117) | (576) | |||||||||||||||||||||||||
Movements in revaluation reserve in respect of financial assets held at fair value through other comprehensive income, net of tax: | |||||||||||||||||||||||||||||||
Debt securities/ Equity shares | £ (159) | £ 12 | £ (178) | £ 12 | £ (159) | £ 12 | £ (178) | £ 12 | £ (159) | £ 12 | £ (178) | £ 12 | |||||||||||||||||||
Gains and losses attributable to own credit risk, net of tax | (306) | (306) | (306) | (306) | (306) | (306) | |||||||||||||||||||||||||
Movements in cash flow hedging reserve, net of tax | 446 | 339 | 446 | 339 | 446 | 339 | |||||||||||||||||||||||||
Movements in foreign currency translation reserve, net of tax | (2) | 6 | (2) | 6 | (2) | 6 | |||||||||||||||||||||||||
Total other comprehensive income | (1,126) | (703) | (1,126) | (703) | 297 | 179 | (1,423) | (882) | |||||||||||||||||||||||
Total comprehensive income for the year | 1,710 | 1,743 | 1,389 | 1,462 | 297 | 179 | 1,092 | 1,283 | 281 | 281 | 40 | ||||||||||||||||||||
Transactions with owners | |||||||||||||||||||||||||||||||
Dividends (note 36) | (4,138) | (4,100) | (4,100) | (4,100) | (4,100) | (4,100) | (38) | ||||||||||||||||||||||||
Distributions on other equity instruments | (281) | (281) | (281) | (281) | |||||||||||||||||||||||||||
Issue of other equity instruments (note 35) | 1,648 | (1,648) | 0 | 0 | 1,648 | (1,648) | |||||||||||||||||||||||||
Redemptions of other equity instruments (note 35) | 0 | 0 | |||||||||||||||||||||||||||||
Capital contributions received | 229 | 229 | 229 | 229 | 229 | 229 | |||||||||||||||||||||||||
Return of capital contributions | (5) | (5) | (5) | (5) | (5) | (5) | |||||||||||||||||||||||||
Change in non-controlling interests | (14) | 0 | 0 | (14) | |||||||||||||||||||||||||||
Total transactions with owners | (2,561) | (2,509) | (3,876) | (3,876) | (3,876) | (3,876) | 1,367 | 1,367 | (52) | ||||||||||||||||||||||
Realised gains and losses on equity shares held at fair value through other comprehensive income | 0 | 0 | 12 | 12 | (12) | (12) | |||||||||||||||||||||||||
At 31 December at Dec. 31, 2019 | 38,899 | 51,219 | 33,973 | 46,354 | 2,174 | 2,174 | 7,250 | 1,710 | 24,549 | 42,470 | 4,865 | 4,865 | 61 | ||||||||||||||||||
Comprehensive income | |||||||||||||||||||||||||||||||
Profit for the year | 1,466 | 641 | 1,023 | 224 | 1,023 | 224 | 417 | 417 | 26 | ||||||||||||||||||||||
Post-retirement defined benefit scheme remeasurements, net of tax | 113 | (102) | 113 | (102) | 113 | (102) | |||||||||||||||||||||||||
Movements in revaluation reserve in respect of financial assets held at fair value through other comprehensive income, net of tax: | |||||||||||||||||||||||||||||||
Debt securities/ Equity shares | (20) | (16) | (89) | 4 | (20) | (16) | (89) | 4 | (20) | (16) | (89) | 4 | |||||||||||||||||||
Gains and losses attributable to own credit risk, net of tax | (55) | (55) | (55) | (55) | (55) | (55) | |||||||||||||||||||||||||
Movements in cash flow hedging reserve, net of tax | (49) | (240) | (49) | (240) | (49) | (240) | |||||||||||||||||||||||||
Movements in foreign currency translation reserve, net of tax | 0 | 1 | 1 | 1 | |||||||||||||||||||||||||||
Total other comprehensive income | (27) | (481) | (27) | (481) | (85) | (324) | 58 | (157) | |||||||||||||||||||||||
Total comprehensive income for the year | 1,439 | 160 | 996 | (257) | (85) | (324) | 1,081 | 67 | 417 | 417 | 26 | ||||||||||||||||||||
Transactions with owners | |||||||||||||||||||||||||||||||
Dividends (note 36) | (7) | 0 | 0 | (7) | |||||||||||||||||||||||||||
Distributions on other equity instruments | (417) | (417) | (417) | (417) | |||||||||||||||||||||||||||
Issue of other equity instruments (note 35) | 1,070 | 1,070 | 0 | 0 | 1,070 | 1,070 | |||||||||||||||||||||||||
Redemptions of other equity instruments (note 35) | 0 | 0 | |||||||||||||||||||||||||||||
Capital contributions received | 140 | 140 | 140 | 140 | 140 | 140 | |||||||||||||||||||||||||
Return of capital contributions | (4) | (4) | (4) | (4) | (4) | (4) | |||||||||||||||||||||||||
Change in non-controlling interests | (2) | 0 | 0 | (2) | |||||||||||||||||||||||||||
Total transactions with owners | 780 | 789 | 136 | 136 | 136 | 136 | 653 | 653 | (9) | ||||||||||||||||||||||
Realised gains and losses on equity shares held at fair value through other comprehensive income | 0 | 0 | (16) | 4 | 16 | (4) | |||||||||||||||||||||||||
At 31 December at Dec. 31, 2020 | 41,118 | 52,168 | 35,105 | 46,233 | 2,174 | 2,174 | 7,181 | 1,382 | 25,750 | 42,677 | 5,935 | 5,935 | 78 | ||||||||||||||||||
Comprehensive income | |||||||||||||||||||||||||||||||
Profit for the year | 5,202 | 3,593 | 4,826 | 3,249 | 4,826 | 3,249 | 344 | 344 | 32 | ||||||||||||||||||||||
Post-retirement defined benefit scheme remeasurements, net of tax | 1,062 | 556 | 1,062 | 556 | 1,062 | 556 | |||||||||||||||||||||||||
Movements in revaluation reserve in respect of financial assets held at fair value through other comprehensive income, net of tax: | |||||||||||||||||||||||||||||||
Debt securities/ Equity shares | £ 196 | £ 1 | £ 91 | £ 1 | £ 196 | £ 1 | £ 91 | £ 1 | £ 196 | £ 1 | £ 91 | £ 1 | |||||||||||||||||||
Gains and losses attributable to own credit risk, net of tax | (52) | (52) | (52) | (52) | (52) | (52) | |||||||||||||||||||||||||
Movements in cash flow hedging reserve, net of tax | (1,958) | (647) | (1,958) | (647) | (1,958) | (647) | |||||||||||||||||||||||||
Movements in foreign currency translation reserve, net of tax | (19) | (2) | (19) | (2) | (19) | (2) | |||||||||||||||||||||||||
Total other comprehensive income | (770) | (53) | (770) | (53) | (1,780) | (557) | 1,010 | 504 | |||||||||||||||||||||||
Total comprehensive income for the year | 4,432 | [1] | 3,540 | 4,056 | [1] | 3,196 | (1,780) | [1] | (557) | 5,836 | [1] | 3,753 | 344 | [1] | 344 | 32 | [1] | ||||||||||||||
Transactions with owners | |||||||||||||||||||||||||||||||
Dividends (note 36) | (2,914) | (2,900) | (2,900) | (2,900) | (2,900) | (2,900) | (14) | ||||||||||||||||||||||||
Distributions on other equity instruments | (344) | (344) | (344) | (344) | |||||||||||||||||||||||||||
Issue of other equity instruments (note 35) | 1,549 | 1,549 | (1) | (1) | (1) | (1) | 1,550 | 1,550 | |||||||||||||||||||||||
Redemptions of other equity instruments (note 35) | (3,226) | (3,226) | (9) | (9) | (9) | (9) | (3,217) | (3,217) | |||||||||||||||||||||||
Capital contributions received | 164 | 164 | 164 | 164 | 164 | 164 | |||||||||||||||||||||||||
Return of capital contributions | (4) | (4) | (4) | (4) | (4) | (4) | |||||||||||||||||||||||||
Change in non-controlling interests | (3) | (1) | (1) | 0 | (2) | ||||||||||||||||||||||||||
Total transactions with owners | (4,778) | (4,761) | (2,751) | (2,750) | (2,751) | (2,750) | (2,011) | (2,011) | (16) | ||||||||||||||||||||||
Realised gains and losses on equity shares held at fair value through other comprehensive income | 0 | 0 | 1 | 1 | (1) | (1) | |||||||||||||||||||||||||
At 31 December at Dec. 31, 2021 | £ 40,772 | £ 50,947 | £ 36,410 | £ 46,679 | £ 2,174 | £ 2,174 | £ 5,400 | £ 824 | £ 28,836 | £ 43,681 | £ 4,268 | £ 4,268 | £ 94 | ||||||||||||||||||
[1] | Total comprehensive income attributable to owners of the parent was £4,400 million (2020: £1,413 million; 2019: £1,670 million). |
STATEMENT OF CHANGES IN EQUITY
STATEMENT OF CHANGES IN EQUITY (Parentheticals) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
The Group | |||
Comprehensive income, attributable to owners of parent | £ 4,400 | £ 1,413 | £ 1,670 |
The Bank | |||
Comprehensive income, attributable to owners of parent | £ 3,540 | £ 160 | £ 1,743 |
CASH FLOW STATEMENTS
CASH FLOW STATEMENTS - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
The Group | |||
Statement [Line items] | |||
Profit before tax | £ 5,785 | £ 1,329 | £ 4,123 |
Adjustments for: | |||
Change in operating assets | 5,060 | (6,856) | 12,904 |
Change in operating liabilities | 8,110 | 17,841 | (5,630) |
Non-cash and other items | (661) | 3,484 | 1,469 |
Tax paid (net) | (715) | (616) | (1,232) |
Net cash provided by (used in) operating activities | 17,579 | 15,182 | 11,634 |
Cash flows from investing activities | |||
Purchase of financial assets | (8,885) | (8,539) | (9,108) |
Proceeds from sale and maturity of financial assets | 8,134 | 6,225 | 8,847 |
Purchase of fixed assets | (3,102) | (2,815) | (3,552) |
Proceeds from sale of fixed assets | 1,028 | 1,063 | 1,258 |
Additional capital injections to subsidiaries | 0 | 0 | 0 |
Dividends received from subsidiaries | 0 | 0 | 0 |
Distributions on other equity instruments received | 0 | 0 | 0 |
Capital repayments and redemptions | 0 | 0 | 0 |
Acquisition of businesses, net of cash acquired | (3) | 0 | 0 |
Disposal of businesses, net of cash disposed | 0 | 0 | 107 |
Net cash (used in) provided by investing activities | (2,828) | (4,066) | (2,448) |
Cash flows from financing activities | |||
Dividends paid to ordinary shareholders | (2,900) | 0 | (4,100) |
Distributions on other equity instruments | (344) | (417) | (281) |
Dividends paid to non-controlling interests | (14) | (7) | (38) |
Return of capital contributions | (4) | (4) | (5) |
Interest paid on subordinated liabilities | (525) | (852) | (906) |
Proceeds from issue of subordinated liabilities | 3,262 | 303 | 780 |
Proceeds from issue of other equity instruments | 1,549 | 1,070 | 1,648 |
Repayment of subordinated liabilities | (3,745) | (4,156) | (762) |
Redemptions of other equity instruments | (3,226) | 0 | 0 |
Borrowings from parent company | 543 | 4,799 | 916 |
Repayments of borrowings to parent company | (4,896) | (1,403) | (7,357) |
Interest paid on borrowings from parent company | (226) | (98) | (187) |
Net cash (used in) provided by financing activities | (10,526) | (765) | (10,292) |
Effect of exchange rate changes on cash and cash equivalents | (1) | 1 | (3) |
Change in cash and cash equivalents | 4,224 | 10,352 | (1,109) |
Cash and cash equivalents at beginning of year | 48,966 | 38,614 | 39,723 |
Cash and cash equivalents at end of year | 53,190 | 48,966 | 38,614 |
The Bank | |||
Statement [Line items] | |||
Profit before tax | 3,301 | 444 | 3,091 |
Adjustments for: | |||
Change in operating assets | 38,804 | 71,662 | (31,543) |
Change in operating liabilities | (28,015) | (61,993) | 39,301 |
Non-cash and other items | (2,059) | 1,820 | (950) |
Tax paid (net) | (11) | (194) | (596) |
Net cash provided by (used in) operating activities | 12,020 | 11,739 | 9,303 |
Cash flows from investing activities | |||
Purchase of financial assets | (8,775) | (7,793) | (7,748) |
Proceeds from sale and maturity of financial assets | 7,730 | 5,599 | 8,664 |
Purchase of fixed assets | (1,255) | (1,186) | (1,638) |
Proceeds from sale of fixed assets | 5 | 12 | 91 |
Additional capital injections to subsidiaries | (11) | (1,055) | (1,766) |
Dividends received from subsidiaries | 1,391 | 44 | 1,331 |
Distributions on other equity instruments received | 112 | 167 | 103 |
Capital repayments and redemptions | 2,576 | 1,801 | 212 |
Acquisition of businesses, net of cash acquired | 0 | 0 | 0 |
Disposal of businesses, net of cash disposed | 0 | 0 | 20 |
Net cash (used in) provided by investing activities | 1,773 | (2,411) | (731) |
Cash flows from financing activities | |||
Dividends paid to ordinary shareholders | (2,900) | 0 | (4,100) |
Distributions on other equity instruments | (344) | (417) | (281) |
Dividends paid to non-controlling interests | 0 | 0 | 0 |
Return of capital contributions | (4) | (4) | (5) |
Interest paid on subordinated liabilities | (423) | (759) | (674) |
Proceeds from issue of subordinated liabilities | 3,262 | 496 | 780 |
Proceeds from issue of other equity instruments | 1,549 | 1,070 | 1,648 |
Repayment of subordinated liabilities | (3,049) | (2,726) | (184) |
Redemptions of other equity instruments | (3,226) | 0 | 0 |
Borrowings from parent company | 543 | 4,799 | 916 |
Repayments of borrowings to parent company | (4,813) | (1,403) | (7,357) |
Interest paid on borrowings from parent company | (226) | (98) | (187) |
Net cash (used in) provided by financing activities | (9,631) | 958 | (9,444) |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 | 0 |
Change in cash and cash equivalents | 4,162 | 10,286 | (872) |
Cash and cash equivalents at beginning of year | 48,068 | 37,782 | 38,654 |
Cash and cash equivalents at end of year | £ 52,230 | £ 48,068 | £ 37,782 |
BASIS OF PREPARATION
BASIS OF PREPARATION | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of basis of preparation of financial statements [Abstract] | |
BASIS OF PREPARATION | NOTE 1: BASIS OF PREPARATION The consolidated financial statements of Lloyds Bank plc (the Bank) and its subsidiary undertakings (the Group) have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IASB). The financial information has been prepared under the historical cost convention, as modified by the revaluation of investment properties, financial assets measured at fair value through other comprehensive income, trading securities and certain other financial assets and liabilities at fair value through profit or loss and all derivative contracts. The Directors consider that it is appropriate to continue to adopt the going concern basis in preparing the financial statements. In reaching this assessment, the Directors have considered the implications of the short-term impacts of the COVID-19 pandemic and climate change upon the Group’s performance and projected funding and capital position. The Directors have also taken into account the impact of further stress scenarios. Details of those IFRS pronouncements which will be relevant to the Group but which were not effective at 31 December 2021 and which have not been applied in preparing these financial statements are given in note 46. In 2019 the Group adopted IFRS 16 and amendments to IAS 12 and early-adopted the hedge accounting amendments Interest Rate Benchmark Reform issued by the IASB. In 2021, the Group has adopted the Interest Rate Benchmark Reform Phase 2 amendments issued by the IASB. These amendments require that changes to expected future cash flows that both arise as a direct result of IBOR Reform and are economically equivalent to the previous cash flows are accounted for as a change to the effective interest rate with no adjustment to the asset’s or liability’s carrying value; no immediate gain or loss is recognised. The new requirements also provide relief from the requirements to discontinue hedge accounting as a result of amending hedge documentation if the changes are required solely as a result of IBOR Reform. The amendments do not have a material impact on the Group’s comparatives, which have not been restated. The following changes have been made to the presentation of the Group’s assets and liabilities on the face of the balance sheet: – Property, plant and equipment is included in other assets (note 21) – Reverse repurchase agreements with banks and customers are shown separately from loans and advances to banks and loans and advances to customers respectively; and repurchase agreements with banks and customers are shown separately from deposits from banks and customer deposits respectively There has been no change in the basis of accounting for any of the underlying transactions. Comparatives have been presented on a consistent basis for all of the above. |
ACCOUNTING POLICIES
ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of significant accounting policies [Abstract] | |
ACCOUNTING POLICIES | NOTE 2: ACCOUNTING POLICIES The accounting policies are set out below. These accounting policies have been applied consistently. (A) Consolidation The assets, liabilities and results of Group undertakings (including structured entities) are included in the financial statements on the basis of accounts made up to the reporting date. Group undertakings include subsidiaries, associates and joint ventures. (1) Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an entity when it has power over the entity, is exposed to, or has rights to, variable returns from its involvement with the entity, and has the ability to affect those returns through the exercise of its power. This generally accompanies a shareholding of more than one half of the voting rights although in certain circumstances a holding of less than one half of the voting rights may still result in the ability of the Group to exercise control. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Group controls another entity. The Group reassesses whether or not it controls an entity if facts and circumstances indicate that there are changes to any of the above elements. Subsidiaries are fully consolidated from the date on which control is transferred to the Group; they are de-consolidated from the date that control ceases. Structured entities are entities that are designed so that their activities are not governed by way of voting rights. In assessing whether the Group has power over such entities in which it has an interest, the Group considers factors such as the purpose and design of the entity; its practical ability to direct the relevant activities of the entity; the nature of the relationship with the entity; and the size of its exposure to the variability of returns of the entity. The treatment of transactions with non-controlling interests depends on whether, as a result of the transaction, the Group loses control of the subsidiary. Changes in the parent’s ownership interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions; any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity and attributed to the owners of the parent entity. Where the Group loses control of the subsidiary, at the date when control is lost the amount of any non-controlling interest in that former subsidiary is derecognised and any investment retained in the former subsidiary is remeasured to its fair value; the gain or loss that is recognised in profit or loss on the partial disposal of the subsidiary includes the gain or loss on the remeasurement of the retained interest. Intercompany transactions, balances and unrealised gains and losses on transactions between Group companies are eliminated. The acquisition method of accounting is used to account for business combinations by the Group. The consideration for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the Group. The consideration includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs are expensed as incurred except those relating to the issuance of debt instruments (see (E)(4) below) or share capital (see (O) below). Identifiable assets acquired and liabilities assumed in a business combination are measured initially at their fair value at the acquisition date. (2) Joint ventures and associates Joint ventures are joint arrangements over which the Group has joint control with other parties and has rights to the net assets of the arrangements. Joint control is the contractually agreed sharing of control of an arrangement and only exists when decisions about the relevant activities require the unanimous consent of the parties sharing control. Associates are entities over which the Group has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the entity, but is not control or joint control of those policies, and is generally achieved through holding between 20 per cent and 50 per cent of the voting share capital of the entity. The Group utilises the venture capital exemption for investments where significant influence or joint control is present and the business unit operates as a venture capital business. These investments are designated at initial recognition at fair value through profit or loss. Otherwise, the Group’s investments in joint ventures and associates are accounted for by the equity method of accounting. (B) Goodwill Goodwill arises on business combinations and represents the excess of the cost of an acquisition over the fair value of the Group’s share of the identifiable assets, liabilities and contingent liabilities acquired. Where the fair value of the Group’s share of the identifiable assets, liabilities and contingent liabilities of the acquired entity is greater than the cost of acquisition, the excess is recognised immediately in the income statement. Goodwill is recognised as an asset at cost and is tested at least annually for impairment. If an impairment is identified the carrying value of the goodwill is written down immediately through the income statement and is not subsequently reversed. At the date of disposal of a subsidiary, the carrying value of attributable goodwill is included in the calculation of the profit or loss on disposal. (C) Other intangible assets Intangible assets which have been determined to have a finite useful life are amortised on a straight-line basis over their estimated useful life as follows: up to 7 years for capitalised software; 10 to 15 years for brands and other intangible assets. Intangible assets with finite useful lives are reviewed at each reporting date to assess whether there is any indication that they are impaired. If any such indication exists the recoverable amount of the asset is determined and in the event that the asset’s carrying amount is greater than its recoverable amount, it is written down immediately. Certain brands have been determined to have an indefinite useful life and are not amortised. Such intangible assets are assessed annually to determine whether the asset is impaired and to reconfirm that an indefinite useful life remains appropriate. In the event that an indefinite life is inappropriate, a finite life is determined and a further impairment review is performed on the asset. (D) Revenue recognition (1) Net interest income Interest income and expense are recognised in the income statement using the effective interest method for all interest-bearing financial instruments, except for those classified at fair value through profit or loss. The effective interest method is a method of calculating the amortised cost of a financial asset or liability and of allocating the interest income or interest expense over the expected life of the financial instrument. The effective interest rate is the rate that exactly discounts the estimated future cash payments or receipts over the expected life of the financial instrument to the gross carrying amount of the financial asset (before adjusting for expected credit losses) or to the amortised cost of the financial liability, including early redemption fees, other fees, and premiums and discounts that are an integral part of the overall return. In the case of financial assets that are purchased or originated credit-impaired, the effective interest rate is the rate that discounts the estimated future cash flows to the amortised cost of the instrument. Direct incremental transaction costs related to the acquisition, issue or disposal of a financial instrument are also taken into account. Interest income from non-credit impaired financial assets is recognised by applying the effective interest rate to the gross carrying amount of the asset; for credit impaired financial assets, the effective interest rate is applied to the net carrying amount after deducting the allowance for expected credit losses. Impairment policies are set out in (H) below. (2) Fee and commission income and expense Fees and commissions receivable which are not an integral part of the effective interest rate are recognised as income as the Group fulfils its performance obligations. The Group’s principal performance obligations arising from contracts with customers are in respect of value added current accounts, credit cards and debit cards. These fees are received, and the Group provides the service, monthly; the fees are recognised in income on this basis. The Group also receives certain fees in respect of its asset finance business where the performance obligations are typically fulfilled towards the end of the customer contract; these fees are recognised in income on this basis. Where it is unlikely that the loan commitments will be drawn, loan commitment fees are recognised in fee and commission income over the life of the facility, rather than as an adjustment to the effective interest rate for loans expected to be drawn. Incremental costs incurred to generate fee and commission income are charged to fees and commissions expense as they are incurred. (3) Other Dividend income is recognised when the right to receive payment is established. Revenue recognition policies specific to trading income are set out in (E)(3) below; those relating to leases are set out in (J)(1) below. (E) Financial assets and liabilities On initial recognition, financial assets are classified as measured at amortised cost, fair value through other comprehensive income or fair value through profit or loss, depending on the Group’s business model for managing the financial assets and whether the cash flows represent solely payments of principal and interest. The Group assesses its business models at a portfolio level based on its objectives for the relevant portfolio, how the performance of the portfolio is managed and reported, and the frequency of asset sales. Financial assets with embedded derivatives are considered in their entirety when considering their cash flow characteristics. The Group reclassifies financial assets only when its business model for managing those assets changes. A reclassification will only take place when the change is significant to the Group’s operations and will occur at a portfolio level and not for individual instruments; reclassifications are expected to be rare. Equity investments are measured at fair value through profit or loss unless the Group elects at initial recognition to account for the instruments at fair value through other comprehensive income. For these instruments, principally strategic investments, dividends are recognised in profit or loss but fair value gains and losses are not subsequently reclassified to profit or loss following derecognition of the investment. The Group initially recognises loans and advances, deposits, debt securities in issue and subordinated liabilities when the Group becomes a party to the contractual provisions of the instrument. Regular way purchases and sales of securities and other financial assets and trading liabilities are recognised on trade date, being the date that the Group is committed to purchase or sell an asset. Financial assets are derecognised when the contractual right to receive cash flows from those assets has expired or when the Group has transferred its contractual right to receive the cash flows from the assets and either: substantially all of the risks and rewards of ownership have been transferred; or the Group has neither retained nor transferred substantially all of the risks and rewards, but has transferred control. Financial liabilities are derecognised when the obligation is discharged, cancelled or expires. (1) Financial instruments measured at amortised cost Financial assets that are held to collect contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortised cost. A basic lending arrangement results in contractual cash flows that are solely payments of principal and interest on the principal amount outstanding. Where the contractual cash flows introduce exposure to risks or volatility unrelated to a basic lending arrangement such as changes in equity prices or commodity prices, the payments do not comprise solely principal and interest. Financial assets measured at amortised cost are predominantly loans and advances to customers and banks together with certain debt securities used by the Group to manage its liquidity. Loans and advances are initially recognised when cash is advanced to the borrower at fair value inclusive of transaction costs. Interest income is accounted for using the effective interest method (see (D) above). Financial liabilities are measured at amortised cost, except for trading liabilities and other financial liabilities designated at fair value through profit or loss on initial recognition which are held at fair value. Where changes are made to the contractual cash flows of a financial asset or financial liability that are economically equivalent and arise as a direct consequence of interest rate benchmark reform, the Group updates the effective interest rate and does not recognise an immediate gain or loss. (2) Financial assets measured at fair value through other comprehensive income Financial assets that are held to collect contractual cash flows and for subsequent sale, where the assets’ cash flows represent solely payments of principal and interest, are recognised in the balance sheet at their fair value, inclusive of transaction costs. Interest calculated using the effective interest method and foreign exchange gains and losses on assets denominated in foreign currencies are recognised in the income statement. All other gains and losses arising from changes in fair value are recognised directly in other comprehensive income, until the financial asset is either sold or matures, at which time the cumulative gain or loss previously recognised in other comprehensive income is recognised in the income statement other than in respect of equity shares, for which the cumulative revaluation amount is transferred directly to retained profits. The Group recognises a charge for expected credit losses in the income statement (see (H) below). As the asset is measured at fair value, the charge does not adjust the carrying value of the asset, it is reflected in other comprehensive income. (3) Financial instruments measured at fair value through profit or loss Financial assets are classified at fair value through profit or loss where they do not meet the criteria to be measured at amortised cost or fair value through other comprehensive income or where they are designated at fair value through profit or loss to reduce an accounting mismatch. All derivatives are carried at fair value through profit or loss. Derivatives are carried on the balance sheet as assets when their fair value is positive and as liabilities when their fair value is negative. Refer to note 41(3) (Financial instruments: Financial assets and liabilities carried at fair value) for details of valuation techniques and significant inputs to valuation models. Derivatives embedded in a financial asset are not considered separately; the financial asset is considered in its entirety when determining whether its cash flows are solely payments of principal and interest. Derivatives embedded in financial liabilities are treated as separate derivatives when their economic characteristics and risks are not closely related to those of the host contract and the host contract is not carried at fair value through profit or loss. These embedded derivatives are measured at fair value with changes in fair value recognised in the income statement. Trading securities, which are debt securities and equity shares acquired principally for the purpose of selling in the short term or which are part of a portfolio which is managed for short-term gains, do not meet these criteria and are also measured at fair value through profit or loss. Financial assets measured at fair value through profit or loss are recognised in the balance sheet at their fair value. Fair value gains and losses together with interest coupons and dividend income are recognised in the income statement within net trading income. Financial liabilities are measured at fair value through profit or loss where they are trading liabilities or where they are designated at fair value through profit or loss in order to reduce an accounting mismatch; where the liabilities are part of a group of liabilities (or assets and liabilities) which is managed, and its performance evaluated, on a fair value basis; or where the liabilities contain one or more embedded derivatives that significantly modify the cash flows arising under the contract and would otherwise need to be separately accounted for. Financial liabilities measured at fair value through profit or loss are recognised in the balance sheet at their fair value. Fair value gains and losses are recognised in the income statement within net trading income in the period in which they occur, except that gains and losses attributable to changes in own credit risk are recognised in other comprehensive income. The fair values of assets and liabilities traded in active markets are based on current bid and offer prices, respectively, which include the expected effects of potential changes to laws and regulations, risks associated with climate change and other factors. If the market is not active the Group establishes a fair value by using valuation techniques. The fair values of derivative financial instruments are adjusted where appropriate to reflect credit risk (via credit valuation adjustments (CVAs), debit valuation adjustments (DVAs) and funding valuation adjustments (FVAs)), market liquidity and other risks. (4) Borrowings Borrowings (which include deposits from banks, customer deposits, debt securities in issue and subordinated liabilities) are recognised initially at fair value, being their issue proceeds net of transaction costs incurred. These instruments are subsequently stated at amortised cost using the effective interest method. Preference shares and other instruments which carry a mandatory coupon or are redeemable on a specific date are classified as financial liabilities. The coupon on these instruments is recognised in the income statement as interest expense. Securities which carry a discretionary coupon and have no fixed maturity or redemption date are classified as other equity instruments. Interest payments on these securities are recognised as distributions from equity in the period in which they are paid. An exchange of financial liabilities on substantially different terms is accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability. The difference between the carrying amount of a financial liability extinguished and the new financial liability is recognised in profit or loss together with any related costs or fees incurred. When a financial liability is exchanged for an equity instrument, the new equity instrument is recognised at fair value and any difference between the carrying value of the liability and the fair value of the new equity is recognised in profit or loss. (5) Sale and repurchase agreements (including securities lending and borrowing) Securities sold subject to repurchase agreements (repos) continue to be recognised on the balance sheet where substantially all of the risks and rewards are retained. Funds received for repos carried at fair value are included within trading liabilities. Conversely, securities purchased under agreements to resell (reverse repos), where the Group does not acquire substantially all of the risks and rewards of ownership, are measured at amortised cost or at fair value. Those measured at fair value are recognised within trading securities. The difference between sale and repurchase price is treated as interest and accrued over the life of the agreements using the effective interest method. Securities borrowing and lending transactions are typically secured; collateral takes the form of securities or cash advanced or received. Securities lent to counterparties are retained on the balance sheet. Securities borrowed are not recognised on the balance sheet, unless these are sold to third parties, in which case the obligation to return them is recorded at fair value as a trading liability. Cash collateral given or received is treated as a loan and advance measured at amortised cost or customer deposit. (F) Hedge accounting As permitted by IFRS 9, the Group continues to apply the requirements of IAS 39 to its hedging relationships. Changes in the fair value of all derivative instruments, other than those in effective cash flow and net investment hedging relationships, are recognised immediately in the income statement. As noted in (2) and (3) below, the change in fair value of a derivative in an effective cash flow or net investment hedging relationship is allocated between the income statement and other comprehensive income. Hedge accounting allows one financial instrument, generally a derivative such as a swap, to be designated as a hedge of another financial instrument such as a loan or deposit or a portfolio of such instruments. At the inception of the hedge relationship, formal documentation is drawn up specifying the hedging strategy, the hedged item, the hedging instrument and the methodology that will be used to measure the effectiveness of the hedge relationship in offsetting changes in the fair value or cash flow of the hedged risk. The effectiveness of the hedging relationship is tested both at inception and throughout its life and if at any point it is concluded that it is no longer highly effective in achieving its documented objective, hedge accounting is discontinued. Note 14 provides details of the types of derivatives held by the Group and presents separately those designated in hedge relationships. Where there is uncertainty arising from interest rate benchmark reform, the Group assumes that the interest rate benchmark on which the hedged cash flows and/or the hedged risk are based, or the interest rate benchmark on which the cash flows of the hedging instrument are based, are not altered as a result of interest rate benchmark reform. The Group does not discontinue a hedging relationship during the period of uncertainty arising from the interest rate benchmark reform solely because the actual results of the hedge are not highly effective. Where the contractual terms of a financial asset, financial liability or derivative are amended, on an economically equivalent basis, as a direct consequence of interest rate benchmark reform, the uncertainty arising from the reform is no longer present. In these circumstances, the Group amends the hedge documentation to reflect the changes required by the reform; these changes to the documentation do not in and of themselves result in the discontinuation of hedge accounting or require the designation of a new hedge relationship. (1) Fair value hedges Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recorded in the income statement, together with the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk; this also applies if the hedged asset is classified as a financial asset at fair value through other comprehensive income. If the hedge no longer meets the criteria for hedge accounting, changes in the fair value of the hedged item attributable to the hedged risk are no longer recognised in the income statement. The cumulative adjustment that has been made to the carrying amount of the hedged item is amortised to the income statement using the effective interest method over the period to maturity. (2) Cash flow hedges The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognised in other comprehensive income in the cash flow hedging reserve. The gain or loss relating to the ineffective portion is recognised immediately in the income statement. Amounts accumulated in equity are reclassified to the income statement in the periods in which the hedged item affects profit or loss. When a hedging instrument expires or is sold, or when a hedge no longer meets the criteria for hedge accounting, any cumulative gain or loss existing in equity at that time remains in equity and is recognised in the income statement when the forecast transaction is ultimately recognised in the income statement. When a forecast transaction is no longer expected to occur, the cumulative gain or loss that was reported in equity is immediately transferred to the income statement. (3) Net investment hedges Hedges of net investments in foreign operations are accounted for similarly to cash flow hedges. Any gain or loss on the hedging instrument relating to the effective portion of the hedge is recognised in other comprehensive income, the gain or loss relating to the ineffective portion is recognised immediately in the income statement. Gains and losses accumulated in equity are included in the income statement when the foreign operation is disposed of. The hedging instrument used in net investment hedges may include non-derivative liabilities as well as derivative financial instruments. (G) Offset Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right of offset and there is an intention to settle on a net basis, or realise the asset and settle the liability simultaneously. Cash collateral on exchange traded derivative transactions is presented gross unless the collateral cash flows are always settled net with the derivative cash flows. In certain situations, even though master netting agreements exist, the lack of management intention to settle on a net basis results in the financial assets and liabilities being reported gross on the balance sheet. (H) Impairment of financial assets The impairment charge in the income statement reflects the change in expected credit losses, including those arising from fraud. Expected credit losses are recognised for loans and advances to customers and banks, other financial assets held at amortised cost, financial assets (other than equity investments) measured at fair value through other comprehensive income, and certain loan commitments and financial guarantee contracts. Expected credit losses are calculated as an unbiased and probability-weighted estimate using an appropriate probability of default, adjusted to take into account a range of possible future economic scenarios, and applying this to the estimated exposure of the Group at the point of default after taking into account the value of any collateral held, repayments, or other mitigants of loss and including the impact of discounting using the effective interest rate. At initial recognition, allowance (or provision in the case of some loan commitments and financial guarantees) is made for expected credit losses resulting from default events that are possible within the next 12 months (12-month expected credit losses). In the event of a significant increase in credit risk since origination, allowance (or provision) is made for expected credit losses resulting from all possible default events over the expected life of the financial instrument (lifetime expected credit losses). Financial assets where 12-month expected credit losses are recognised are considered to be Stage 1; financial assets which are considered to have experienced a significant increase in credit risk since initial recognition are in Stage 2; and financial assets which have defaulted or are otherwise considered to be credit-impaired are allocated to Stage 3. Some Stage 3 assets, mainly in Commercial Banking, are subject to individual rather than collective assessment. Such cases are subject to a risk-based impairment sanctioning process, and these are reviewed and updated at least quarterly, or more frequently if there is a significant change in the credit profile. The collective assessment of impairment aggregates financial instruments with similar risk characteristics, such as whether the facility is revolving in nature or secured and the type of security against financial assets. 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 (PD) movements linked to internal credit ratings together with qualitative indicators such as watchlists and other indicators of historical delinquency, credit weakness or financial difficulty. The use of internal credit ratings and qualitative indicators ensures alignment between the assessment of staging and the Group’s management of credit risk which utilises these internal metrics within distinct retail and commercial portfolio risk management practices. However, unless identified at an earlier stage, the credit risk of financial assets is deemed to have increased significantly when more than 30 days past due. The use of a payment holiday in and of 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. Where the credit risk subsequently improves such that it no longer represents a significant increase in credit risk since initial recognition, the asset is transferred back to Stage 1. Assets are transferred to Stage 3 when they have defaulted or are otherwise considered to be credit-impaired. Default is considered to have occurred when there is evidence that the customer is experiencing financial difficulty which is likely to affect significantly the ability to repay the amount due. IFRS 9 contains a rebuttable presumption that default occurs no later than when a payment is 90 days past due. The Group uses this 90 day backstop for all its products except for UK mortgages. For UK mortgages, the Group uses a backstop of 180 days past due as mortgage exposures more than 90 days past due, but less than 180 days, typically show high cure rates and this aligns with the Group’s risk management practices. Key differences between Stage 3 balances and non-performing loans relate to the use of 180 days past due for Stage 3 mortgages and to the cure periods applied to forbearance exposures. 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. In certain circumstances, the Group will renegotiate the original terms of a customer’s loan, either as part of an ongoing customer relationship or in response to adverse changes in the circumstances of the borrower. In the latter circumstances, the loan will remain classified as either Stage 2 or Stage 3 until the credit risk has improved such that it no longer represents a significant increase since origination (for a return to Stage 1), or the loan is no longer credit-impaired (for a return to Stage 2). On renegotiation the gross carrying amount of the loan is recalculated as the present value of the renegotiated or modified contractual cash flows, which are discounted at the original effective interest rate. Renegotiation may also lead to the loan and associated allowance being derecognised and a new loan being recognised initially at fair value. Purchased or originated credit-impaired financial assets (POCI) include financial assets that are purchased or originated at a deep discount that reflects incurred credit losses. At initial recognition, POCI assets do not carry an impairment allowance; instead, lifetime expected credit losses are incorporated into the calculation of the effective inte |
CRITICAL ACCOUNTING JUDGEMENTS
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of accounting judgements and estimates [Abstract] | |
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY | NOTE 3: CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY The preparation of the Group’s financial statements in accordance with IFRS requires management to make judgements, estimates and assumptions in applying the accounting policies that affect the reported amounts of assets, liabilities, income and expenses. Due to the inherent uncertainty in making estimates, actual results reported in future periods may be based upon 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. In preparing the financial statements, the Group has considered the impact of climate-related risks on its financial position and performance. While the effects of climate change represent a source of uncertainty, the Group does not consider there to be a material impact on its judgements and estimates from the physical, transition and other climate-related risks in the short to medium term. The significant judgements, apart from those involving estimation, made by management in applying the Group’s accounting policies in these financial statements (key judgements) and the key sources of estimation uncertainty that may have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year (key estimates), which together are considered critical to the Group’s results and financial position, are as follows: Allowance for expected credit losses Key judgements: Determining an appropriate definition of default against which a probability of default, exposure at default and loss given default parameter can be evaluated The appropriate lifetime of an exposure to credit risk for the assessment of lifetime losses, notably on revolving products Establishing the criteria for a significant increase in credit risk (SICR) The use of management judgement alongside impairment modelling processes to adjust inputs, parameters and outputs to reflect risks not captured by models Key estimates: Base case and multiple economic scenarios (MES) assumptions, including the rate of unemployment and the rate of change of house prices, required for creation of MES scenarios and forward-looking credit parameters These judgements and estimates are subject to significant uncertainty. The Group recognises an allowance for expected credit losses (ECLs) for loans and advances to customers and banks, other financial assets held at amortised cost, financial assets (other than equity investments) measured at fair value through other comprehensive income and certain loan commitment and financial guarantee contracts. At 31 December 2021, the Group’s expected credit loss allowance was £4,000 million (2020: £6,132 million), of which £3,806 million (2020: £5,706 million) was in respect of drawn balances; and the Bank’s expected credit loss allowance was £1,311 million (2020: £2,558 million), of which £1,197 million (2020: £2,313 million) was in respect of drawn balances. The calculation of the Group’s expected credit loss allowances and provisions against loan commitments and guarantees under IFRS 9 requires the Group to make a number of judgements, assumptions and estimates. The most significant are set out below. 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 definition of default adopted by the Group is described in note 2(H) Impairment of financial assets. The Group has rebutted the presumption in IFRS 9 that default occurs no later than when a payment is 90 days past due for UK mortgages. As a result, at 31 December 2021, £0.5 billion of UK mortgages (2020: £0.6 billion) were classified as Stage 2 rather than Stage 3; the impact on the Group’s ECL allowance was not material. Lifetime of an exposure A range of approaches, segmented by product type, has been adopted by the Group to estimate a product’s expected life. These include using the full contractual life and taking into account behavioural factors such as early repayments, extensions and refinancing. For non-revolving retail assets, the Group has assumed the expected life for each product to be the time taken for all significant losses to be observed. For retail revolving products, the Group has considered the losses beyond the contractual term over which the Group is exposed to credit risk. For commercial overdraft facilities, the average behavioural life has been used. Changes to the assumed expected lives of the Group’s assets could impact the ECL allowance recognised by the Group. The assessment of SICR and corresponding lifetime loss, and the PD, of a financial asset designated as Stage 2, or Stage 3, is dependent on its expected life. Significant increase in credit risk Performing assets are classified as either Stage 1 or Stage 2. An ECL allowance equivalent to 12 months' expected losses is established against assets in Stage 1; assets classified as Stage 2 carry an ECL allowance equivalent to lifetime expected losses. Assets are transferred from Stage 1 to Stage 2 when there has been a significant increase in credit risk since initial recognition. Credit-impaired assets are transferred to Stage 3 with a lifetime expected losses allowance. The Group uses both quantitative and qualitative indicators to determine whether there has been a SICR for an asset. For Retail, the following tables set out the retail master scale (RMS) grade triggers which result in a SICR for financial assets and the PD boundaries for each RMS grade. Loans and overdrafts SICR triggers have been refined in 2021 following a review of sensitivity to changes in economic assumptions, aligning to Credit cards (refined in 2020). The impact of this has been approximately £0.3 billion of additional assets being classified as Stage 2 at 31 December 2021, with a corresponding increase in the ECL of £15 million resulting from the transfer to a lifetime expected loss. SICR triggers for key Retail portfolios Origination grade 1 2 3 4 5 6 7 Mortgages SICR grade 5 5 6 7 8 9 10 Credit cards, loans and overdrafts SICR grade 4 5 6 7 8 9 10 RMS grade 1 2 3 4 5 6 7 8 9 10 11 12 13 14 PD boundary % 1 0.10 0.40 0.80 1.20 2.50 4.50 7.50 10.00 14.00 20.00 30.00 45.00 99.99 100.00 1 Probability-weighted annualised lifetime probability of default. For Commercial a doubling of PD with a minimum increase in PD of 1 per cent and a resulting change in the underlying grade is treated as a SICR. The Group uses the internal credit risk classification and watchlist as qualitative indicators to identify a SICR. The Group does not use the low credit risk exemption in its staging assessments. The use of a payment holiday in and of itself has not been judged to indicate a significant increase in credit risk, nor forbearance, 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. All financial assets are assumed to have suffered a SICR if they are more than 30 days past due; credit cards, loans and overdrafts financial assets are also assumed to have suffered a SICR if they are in arrears on three or more separate occasions in a rolling 12-month period. Financial assets are classified as credit-impaired if they are 90 days past due, except for UK mortgages where a 180 days backstop is used. A Stage 3 asset that is no longer credit-impaired is transferred back to Stage 2 as no cure period is applied to Stage 3. If an exposure that is classified as Stage 2 no longer meets the SICR criteria, which in some cases capture customer behaviour in previous periods, it is moved back to Stage 1. The setting of precise trigger points combined with risk indicators requires judgement. The use of different trigger points may have a material impact upon the size of the ECL allowance. The Group monitors the effectiveness of SICR criteria on an ongoing basis. Generation of multiple economic scenarios The estimate of expected credit losses is required to be based on an unbiased expectation of future economic scenarios. The approach used to generate the range of future economic scenarios depends on the methodology and judgements adopted. The Group’s approach is to start from a defined base case scenario, used for planning purposes, and to generate alternative economic scenarios around this base case. The base case scenario is a conditional forecast underpinned by a number of conditioning assumptions that reflect the Group’s best view of key future developments. If circumstances appear likely to materially deviate from the conditioning assumptions, then the base case scenario is updated. The base case scenario is central to a range of future economic scenarios generated by simulation of an economic model, for which the same conditioning assumptions apply as in the base case scenario. These scenarios are ranked by using estimated relationships with industry-wide historical loss data. With the base case already pre-defined, three other scenarios are identified as averages of constituent scenarios located around the 15th, 75th and 95th percentiles of the distribution. The full distribution is therefore summarised by a practical number of scenarios to run through ECL models representing an upside, the base case, and a downside scenario weighted at 30 per cent each, together with a severe downside scenario weighted at 10 per cent. The scenario weights represent the distribution of economic scenarios and not subjective views on likelihood. The inclusion of a severe downside scenario with a smaller weighting ensures that the non-linearity of losses in the tail of the distribution is adequately captured. The Group does not apply any reversion techniques within scenario generation, noting that data after the five-year forecast period shown has a relatively immaterial effect on the ECL provision. A forum under the chairmanship of the Chief Economist meets at least quarterly to review and, if appropriate, recommend changes to the method by which economic scenarios are generated, for approval by the Chief Financial Officer and Chief Risk Officer. While no material changes were made to the model in 2021, the forum identified the need to consider an alternative approach to address interest rate risks not captured within the downside scenarios. The forum recommended that a non-modelled severe downside scenario was evaluated for potential incremental losses. This resulted in a management adjustment for UK mortgages which exhibited a sufficient uplift in ECL in a high rate scenario. Base case and MES economic assumptions The Group’s base case economic scenario has been revised in light of the continuing impact of the coronavirus pandemic, intensifying global inflation pressures, and a shift towards a more restrictive stance of monetary policy by central banks. The Group’s updated base case scenario built in three key conditioning assumptions. First, the current wave of coronavirus infections does not lead to a re-imposition of lockdown restrictions in the UK, although greater household caution is expected amid increased hospitalisation rates. Second, the rise in wholesale energy prices is passed on to consumers through a 50 per cent increase in retail energy prices in April 2022. Third, inflation expectations rise in response to increasing headline inflation but subsequently revert to levels consistent with the Bank of England’s 2 per cent inflation target. Based on these assumptions and incorporating the improved economic data in the fourth quarter, the Group’s base case outlook is for a modest rise in the unemployment rate alongside a deceleration in residential and commercial property price growth, as the UK Bank Rate is raised in response to increasing inflationary pressures. Risks around this base case economic view lie in both directions and are partly captured by the generation of alternative economic scenarios described above. Uncertainties relating to key epidemiological developments, notably the possibility that a vaccine-resistant strain could emerge, are not specifically captured by these scenarios. These specific risks are recognised outside of the modelled scenarios with a central adjustment. The Group has accommodated the latest available information at the reporting date in defining its base case scenario and generating alternative economic scenarios. The scenarios include forecasts for key variables in the fourth quarter of 2021, for which actuals may have since emerged prior to publication. Scenarios by year Key annual assumptions made by the Group are shown below. Gross domestic product is presented as an annual change, house price growth and commercial real estate price growth are presented as the growth in the respective indices within the period. UK Bank Rate and unemployment rate are averages for the period. The key UK economic assumptions made by the Group averaged over a five-year period are also shown below. The five-year period reflects movements within the current reporting year such that 31 December 2021 reflects the five years 2021 to 2025. The prior year comparative data has been re-presented to align to the equivalent period, 2020 to 2024. The inclusion of the reporting year within the five-year period reflects the need to predict variables which remain unpublished at the reporting date, and recognises that credit models utilise both level and annual change in calculating ECL. The use of calendar years also maintains a comparability between tables disclosed. 2021 2022 2023 2024 2025 2021-2025 average At 31 December 2021 % % % % % % Upside Gross domestic product 7.1 4.0 1.4 1.3 1.4 3.0 UK Bank Rate 0.14 1.44 1.74 1.82 2.03 1.43 Unemployment rate 4.4 3.3 3.4 3.5 3.7 3.7 House price growth 10.1 2.6 4.9 4.7 3.6 5.1 Commercial real estate price growth 12.4 5.8 0.7 1.0 (0.6) 3.7 Base case Gross domestic product 7.1 3.7 1.5 1.3 1.3 2.9 UK Bank Rate 0.14 0.81 1.00 1.06 1.25 0.85 Unemployment rate 4.5 4.3 4.4 4.4 4.5 4.4 House price growth 9.8 0.0 0.0 0.5 0.7 2.1 Commercial real estate price growth 10.2 (2.2) (1.9) 0.1 0.6 1.2 Downside Gross domestic product 7.1 3.4 1.3 1.1 1.2 2.8 UK Bank Rate 0.14 0.45 0.52 0.55 0.69 0.47 Unemployment rate 4.7 5.6 5.9 5.8 5.7 5.6 House price growth 9.2 (4.9) (7.8) (6.6) (4.7) (3.1) Commercial real estate price growth 8.6 (10.1) (7.0) (3.4) (0.3) (2.6) Severe downside Gross domestic product 6.8 0.9 0.4 1.0 1.4 2.1 UK Bank Rate 0.14 0.04 0.06 0.08 0.09 0.08 Unemployment rate 4.9 7.7 8.5 8.1 7.6 7.3 House price growth 9.1 (7.3) (13.9) (12.5) (8.4) (6.9) Commercial real estate price growth 5.8 (19.6) (12.1) (5.3) (0.5) (6.8) Probability-weighted Gross domestic product 7.0 3.4 1.3 1.2 1.3 2.8 UK Bank Rate 0.14 0.82 0.99 1.04 1.20 0.83 Unemployment rate 4.6 4.7 5.0 5.0 4.9 4.8 House price growth 9.6 (1.4) (2.3) (1.7) (1.0) 0.6 Commercial real estate price growth 9.9 (3.9) (3.7) (1.2) (0.1) 0.1 Base case scenario by quarter 1 First Second Third Fourth First Second Third Fourth At 31 December 2021 % % % % % % % % Gross domestic product (1.3) 5.4 1.1 0.4 0.1 1.5 0.5 0.3 UK Bank Rate 0.10 0.10 0.10 0.25 0.50 0.75 1.00 1.00 Unemployment rate 4.9 4.7 4.3 4.3 4.4 4.3 4.3 4.3 House price growth 6.5 8.7 7.4 9.8 8.4 6.1 3.2 (0.0) Commercial real estate price growth (2.9) 3.4 7.5 10.2 8.4 5.2 0.9 (2.2) 1 Gross domestic product presented quarter-on-quarter, house price growth and commercial real estate growth presented year-on-year – i.e. from the equivalent quarter the previous year. UK Bank Rate and unemployment rate are presented as at end of quarter. 2020 2021 2022 2023 2024 2020-2024 average At 31 December 2020 % % % % % % Upside Gross domestic product (10.5) 3.7 5.7 1.7 1.5 0.3 UK Bank Rate 0.10 1.14 1.27 1.20 1.21 0.98 Unemployment rate 4.3 5.4 5.4 5.0 4.5 5.0 House price growth 6.3 (1.4) 5.2 6.0 5.0 4.2 Commercial real estate price growth (4.6) 9.3 3.9 2.1 0.3 2.1 Base case Gross domestic product (10.5) 3.0 6.0 1.7 1.4 0.1 UK Bank Rate 0.10 0.10 0.10 0.21 0.25 0.15 Unemployment rate 4.5 6.8 6.8 6.1 5.5 5.9 House price growth 5.9 (3.8) 0.5 1.5 1.5 1.1 Commercial real estate price growth (7.0) (1.7) 1.6 1.1 0.6 (1.1) Downside Gross domestic product (10.6) 1.7 5.1 1.4 1.4 (0.4) UK Bank Rate 0.10 0.06 0.02 0.02 0.03 0.05 Unemployment rate 4.6 7.9 8.4 7.8 7.0 7.1 House price growth 5.6 (8.4) (6.5) (4.7) (3.0) (3.5) Commercial real estate price growth (8.7) (10.6) (3.2) (0.8) (0.8) (4.9) Severe downside Gross domestic product (10.8) 0.3 4.8 1.3 1.2 (0.8) UK Bank Rate 0.10 0.00 0.00 0.01 0.01 0.02 Unemployment rate 4.8 9.9 10.7 9.8 8.7 8.8 House price growth 5.3 (11.1) (12.5) (10.7) (7.6) (7.5) Commercial real estate price growth (11.0) (21.4) (9.8) (3.9) (0.8) (9.7) Probability-weighted Gross domestic product (10.6) 2.6 5.5 1.6 1.4 (0.1) UK Bank Rate 0.10 0.39 0.42 0.43 0.45 0.36 Unemployment rate 4.5 7.0 7.3 6.7 6.0 6.3 House price growth 5.9 (5.2) (1.5) (0.2) 0.3 (0.2) Commercial real estate price growth (7.2) (3.0) (0.3) 0.3 (0.1) (2.1) Base case scenario by quarter 1 First Second Third Fourth First Second Third Fourth At 31 December 2020 % % % % % % % % Gross domestic product (3.0) (18.8) 16.0 (1.9) (3.8) 5.6 3.6 1.5 UK Bank Rate 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 Unemployment rate 4.0 4.1 4.8 5.0 5.2 6.5 8.0 7.5 House price growth 2.8 2.6 7.2 5.9 5.5 4.7 (1.6) (3.8) Commercial real estate price growth (5.0) (7.8) (7.8) (7.0) (6.1) (2.9) (2.2) (1.7) 1 Gross domestic product presented quarter-on-quarter, house price growth and commercial real estate growth presented year-on-year – i.e. from the equivalent quarter the previous year. UK Bank Rate and unemployment rate are presented as at end of quarter. Economic assumptions – start to peak 1 At 31 December 2021 At 31 December 2020 Upside Base case Downside Severe Upside Base case Downside Severe % % % % % % % % Gross domestic product 12.6 12.3 11.4 7.6 1.4 0.8 (1.7) (3.0) UK Bank Rate 2.04 1.25 0.71 0.25 1.44 0.25 0.10 0.10 Unemployment rate 4.9 4.9 6.0 8.5 6.5 8.0 9.3 11.5 House price growth 28.5 11.0 9.2 9.1 22.6 5.9 5.6 5.3 Commercial real estate price growth 20.9 10.2 8.6 6.9 11.0 (2.7) (2.7) (2.7) 1 Reflects five year period from 2021 to 2025. Economic assumptions – start to trough 1 At 31 December 2021 At 31 December 2020 Upside Base case Downside Severe Upside Base case Downside Severe % % % % % % % % Gross domestic product (1.3) (1.3) (1.3) (1.3) (21.2) (21.2) (21.2) (21.2) UK Bank Rate 0.10 0.10 0.10 0.02 0.10 0.10 0.01 0.00 Unemployment rate 3.2 4.3 4.3 4.3 4.0 4.0 4.0 4.0 House price growth 1.2 1.2 (14.8) (30.2) (0.5) (0.5) (16.4) (32.4) Commercial real estate price growth 0.8 0.8 (12.8) (30.0) (6.9) (9.0) (22.2) (39.9) 1 Reflects five year period from 2021 to 2025. ECL sensitivity to economic assumptions The table below shows the Group’s ECL for the upside, base case, downside and severe downside scenarios. The stage allocation for an asset is based on the overall scenario probability-weighted PD and, hence, the staging of assets is constant across all the scenarios. In each economic scenario the ECL for individual assessments and post-model adjustments is constant reflecting the basis on which they are evaluated. Judgements applied through changes to inputs are reflected in the scenario sensitivities. The probability-weighted view shows the extent to which a higher ECL allowance has been recognised to take account of multiple economic scenarios relative to the base case; the uplift being £221 million compared to £495 million at 31 December 2020, noting that if the impact of MES staging was also included, as shown in the table below, this would increase to £228 million compared to £536 million at 31 December 2020. At 31 December 2021 At 31 December 2020 Probability- Upside Base case Downside Severe Probability- Upside Base case Downside Severe £m £m £m £m £m £m £m £m £m £m UK mortgages 837 637 723 967 1,386 1,027 614 803 1,237 2,306 Retail excluding UK mortgages 1,429 1,286 1,392 1,516 1,706 2,368 2,181 2,310 2,487 2,745 Commercial Banking 1,316 1,182 1,246 1,384 1,728 2,315 1,853 2,102 2,575 3,554 Other 418 416 418 419 421 422 420 422 422 428 ECL allowance 4,000 3,521 3,779 4,286 5,241 6,132 5,068 5,637 6,721 9,033 The table below shows the Group’s ECL for the upside, base case, downside and severe downside scenarios, with staging of assets based on each specific scenario probability of default. ECL applied through individual assessments and post-model adjustments is reported flat against each economic scenario, reflecting the basis on which they are evaluated. Judgements applied through changes to inputs are reflected in the scenario sensitivities. A probability-weighted scenario is not shown as this does not reflect the basis on which ECL is reported. At 31 December 2021 At 31 December 2020 Upside Base case Downside Severe Upside Base case Downside Severe £m £m £m £m £m £m £m £m UK mortgages 636 722 973 1,448 602 797 1,269 2,578 Retail excluding UK mortgages 1,270 1,388 1,535 1,767 2,154 2,299 2,509 2,819 Commercial Banking 1,180 1,244 1,397 1,976 1,842 2,079 2,629 3,985 Other 416 418 419 422 420 421 422 429 ECL allowance 3,502 3,772 4,324 5,613 5,018 5,596 6,829 9,811 The impact of changes in the UK unemployment rate and House Price Index (HPI) have also been assessed. Although such changes would not be observed in isolation, as economic indicators tend to be correlated in a coherent scenario, this gives insight into the sensitivity of the Group’s ECL to gradual changes in these two critical economic factors. The assessment has been made against the base case with the reported staging unchanged. The table below shows the impact on the Group’s ECL resulting from a 1 percentage point (pp) increase or decrease in the UK unemployment rate. The increase or decrease is presented based on the adjustment phased evenly over the first 10 quarters of the base case scenario. An immediate increase or decrease would drive a more material ECL impact as it would be fully reflected in both 12-month and lifetime PDs. At 31 December 2021 At 31 December 2020 1pp increase in 1pp decrease in 1pp increase in 1pp decrease in £m £m £m £m UK mortgages 23 (18) 25 (23) Retail excluding UK mortgages 34 (34) 54 (54) Commercial Banking 49 (42) 123 (110) Other 1 (1) 1 (1) ECL impact 107 (95) 203 (188) The table below shows the impact on the Group’s ECL in respect of UK mortgages of an increase or decrease in loss given default for a 10 percentage point (pp) increase or decrease in the UK House Price Index (HPI). The increase or decrease is presented based on the adjustment phased evenly over the first 10 quarters of the base case scenario. At 31 December 2021 At 31 December 2020 10pp increase 10pp decrease 10pp increase 10pp decrease ECL impact, £m (112) 162 (206) 284 Individual assessments Stage 3 ECL in Commercial Banking is largely assessed on an individual basis using bespoke assessment of loss for each specific client. These assessments are carried out by the Business Support Unit based on detailed reviews and expected recovery strategies. While these assessments are based on the Group’s latest economic view, the use of Group-wide multiple economic scenarios and weightings is not considered appropriate for these cases due to their individual characteristics. In place of this, a range of case-specific outcomes are considered with any alternative better or worse outcomes that carry a 25 per cent likelihood taken into account in establishing a probability-weighted ECL. At 31 December 2021, individually assessed provisions for Commercial Banking were £905 million (2020: £1,215 million) which reflected a range of £741 million to £1,023 million (2020: £977 million to £1,536 million), based on the range of alternative outcomes considered. Application of judgement in adjustments to modelled ECL Impairment models fall within the Group’s model risk framework with model monitoring, periodic validation and back testing performed on model components (i.e. probability of default, exposure at default and loss given default). Limitations in the Group’s impairment models or data inputs may be identified through the ongoing assessment and validation of the output of the models. In these circumstances, management make appropriate adjustments to the Group’s allowance for impairment losses to ensure that the overall provision adequately reflects all material risks. These adjustments are determined by considering the particular attributes of exposures which have not been adequately captured by the impairment models and range from changes to model inputs and parameters, at account level, through to more qualitative post-model adjustments. Judgements are not typically assessed under each distinct economic scenario used to generate ECL, but instead are applied on the basis of final modelled ECL which reflects the probability-weighted view of all scenarios. All adjustments are reviewed quarterly and are subject to internal review and challenge, including by the Audit Committee, to ensure that amounts are appropriately calculated and that there are specific release criteria identified. The coronavirus pandemic and the various support measures that have been put in place have resulted in an economic environment which differs significantly from the historical economic conditions upon which the impairment models have been built. As a result there has been a greater need for management judgements to be applied alongside the use of models. At 31 December 2021 management judgement resulted in additional ECL allowances totalling £1,278 million (2020: £1,333 million). This comprises judgements added due to COVID-19 and other judgements not directly linked to COVID-19 but which have increased in size during the pandemic. The table below analyses total ECL allowance by portfolio, separately identifying the amounts that have been modelled, those that have been individually assessed and those arising through the application of management judgement. Modelled Individually Judgements 1 Other Total ECL £m £m £m £m £m At 31 December 2021 UK mortgages 292 — 67 478 837 Credit cards 436 — 94 (9) 521 Other Retail 801 — 57 50 908 Commercial Banking 270 905 155 (14) 1,316 Other 18 — 400 — 418 Total 1,817 905 773 505 4,000 At 31 December 2020 UK mortgages 481 — 36 510 1,027 Credit cards 851 — 128 (56) 923 Other Retail 1,209 — 193 43 1,445 Commercial Banking 1,021 1,215 81 (2) 2,315 Other 22 — 400 — 422 Total 3,584 1,215 838 495 6,132 1 Judgements introduced to address the impact that COVID-19 and resulting interventions have had on the Group’s economic outlook and observed loss experience, which have required additional model limitations to be addressed. Judgements due to COVID-19 UK mortgages: £67 million (2020: £36 million) These adjustments principally comprise: Increase in time to repossession: £52 million (2020: £36 million) This reflects an adjustment made to allow for an increase in the time assumed between default and repossession as a result of the Group temporarily suspending the repossession of properties to support customers during the pandemic. Credit cards: £94 million (2020: £128 million) and Other Retail: £57 million (2020: £193 million) These adjustments principally comprise: Recognition of impact of support measures: Credit cards: £94 million (2020: £100 million) Other Retail: £40 million (2020: £118 million) Government support and subdued levels of consumer spending are judged to have contributed to the reduced flow of accounts into default and to improved average credit scores across portfolios. Management believes that the resulting position does not fully reflect the underlying credit risk in the portfolios although there is no longer an expectation that the reduced level of defaults experienced in 2020 was temporary. Adjustments continue to be made to increase expected future rates of default and predicted exposures at default relative to modelled ECL. Commercial Banking: £155 million (2020: £81 million) These adjustments principally comprise: Adjustment to economic variables used as inputs to models: £88 million (2020: £91 million) Observed reductions in the rate of UK corporate insolvencies, used as an input to commercial default models, continue to be substituted with an increase proportionate to that seen in unemployment to generate a level of predicted defaults. As anticipated, the rate of recoveries has returned to pre-pandemic levels towards the end of 2021 and, with model outputs based on 12 months observed insolvency data, management believe the historically low levels of insolvencies seen during early 2021 do not reflect the underlying credit risk. Specific sector risks: £80 million (2020: £nil) At 31 December 2020 modelled ECL incorporated an economic outlook containing a material reduction in corporate profits. This is no longer assumed, which generates a reduction in modelled ECL and therefore leaves potential risk on specific sectors. An updated assessment of risks including COVID-driven restrictions, inflation and interest rate pressures has been undertaken which continues to suggest that a number of specific industries remain more exposed. Judgement has therefore been raised in place of this to ensure a more targeted stress on likelihood and severity of loss in sectors which are considered to face an elevated risk incorporating any impact on SICR through the increased likelihood of loss. Other: £400 million (2020: £400 million) COVID risk to base case conditioning assumptions: £400 million (2020: £400 million) An important element of the methodology used to calculate the Group’s ECL allowance is the determination of a base case economic scenario, predicated on certain conditioning assumptions, which is then used to derive alternative economic scenarios using stochastic shocks. While the base case outlook has improved throughout the year, unexpected and adverse COVID-19 mutations may partially invalidate the base case conditioning assumptions and therefore the potential range of losses considered. The base case represents the Groups most likely view, however management believes that in the context of the pandemic, the possibility that the conditioning assumptions are invalidated is firmly to the downside. In particular, the possibility that a future virus mutation has vaccine resistance leading to serious social and economic disruption. Such a possibility lies outside of the Group’s current methodology because it would invalidate one of the key assumptions behind the base case forecast. The likelihood and impact of a vaccine resistant mutation is difficult to estimate with any precision therefore the Group has considered a number of approaches to create a reasonable estimate of this additional downside risk. An adjustment of £400 million (31 December 2020: £400 million) has been made to increase the Group’s ECL allowances to reflect the increased downside risk and the potential for the severity of losses to stretch beyond the Group’s severe scenario. One approach used to quantify this amount is to apply a 15 per cent re-weighting from the stated upside to the stated severe downside scenario, a larger re-weight than at 31 December 2020 given that the current severe scenario reflects the improved conditioning assumptions of the base case, whereas the downside risk remains constant. Another approach is to apply a 1 percentage point increase in unemployment allied with a 10 per cent lower HPI in 2022, reflecting a broader assessment of a more immediate and therefore greater ECL impact than the gradual increase reflected in the stated univariate sensitivities. Such an increase is proportionate to the level of volatility seen in forecasts every six months as the pandemic has unfolded. As the adjustment has been calculated centrally it has not been allocated to specific portfolios. It has therefore been allocated against Stage 1 assets given that the downside risks are largely considered to relate to non-defaulted exposures, the majority of which are in Stage 1. Detailed portfolio level disclosures continue to reflect the Group’s economic assumptions at the Group’s stated weightings. An indicative allocation to allow users to unde |
SEGMENTAL ANALYSIS
SEGMENTAL ANALYSIS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of operating segments [abstract] | |
SEGMENTAL ANALYSIS | NOTE 4: 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 the Lloyds Banking Group has been determined to be the chief operating decision-maker, as defined by IFRS 8 Operating Segments , for the Group. The Group’s operating segments reflect its organisational and management structures. The GEC reviews the Group’s internal reporting based around these segments in order to assess performance and allocate resources. They consider interest income and expense on a net basis and consequently the total interest income and expense for all reportable segments is presented net. The segments are differentiated by the type of products provided and by whether the customers are individuals or corporate entities. The Group’s activities are organised into two financial reporting segments: Retail and Commercial Banking. Retail offers a broad range of financial service products, including current accounts, savings, mortgages, motor finance and unsecured consumer lending to personal and small business customers. Commercial Banking provides a range of products and services such as lending, transactional banking, working capital management, risk management and debt capital markets services to SMEs, corporates and financial institutions. Other comprises income and expenditure not attributed to the Group's financial reporting segments. These amounts include the costs of certain central and head office functions. Inter-segment services are generally recharged at cost, although some attract a margin. Inter-segment lending and deposits are generally entered into at market rates, except that non-interest bearing balances are priced at a rate that reflects the external yield that could be earned on such funds. For the majority of those derivative contracts entered into by business units for risk management purposes, the business unit recognises the net interest income or expense on an accrual accounting basis and transfers the remainder of the movement in the fair value of the derivative to the central function where the resulting accounting volatility is managed where possible through the establishment of hedge accounting relationships. Any change in fair value of the hedged instrument attributable to the hedged risk is also recorded within the central function. This allocation of the fair value of the derivative and change in fair value of the hedged instrument attributable to the hedged risk avoids accounting asymmetry in segmental results and leads to accounting volatility, which is managed centrally and reported within Other. Retail Commercial Other Group £m £m £m £m Year ended 31 December 2021 Net interest income 8,581 2,240 215 11,036 Other income 1,754 753 1,130 3,637 Total income 10,335 2,993 1,345 14,673 Operating expenses (5,766) (2,314) (2,126) (10,206) Impairment credit 455 857 6 1,318 Profit before tax 5,024 1,536 (775) 5,785 External income 11,706 2,643 324 14,673 Inter-segment (expense) income (1,371) 350 1,021 — Segment income 10,335 2,993 1,345 14,673 Segment external assets 371,746 77,451 153,652 602,849 Segment external liabilities 322,146 120,049 119,882 562,077 Analysis of segment other income: Fee and commission income: Current accounts 504 126 4 634 Credit and debit card fees 614 264 — 878 Commercial banking fees — 247 37 284 Factoring — 76 — 76 Other fees and commissions 57 167 99 323 Fee and commission income 1,175 880 140 2,195 Fee and commission expense (577) (230) (135) (942) Net fee and commission income 598 650 5 1,253 Operating lease rental income 1,046 13 — 1,059 Gains less losses on disposal of financial assets at fair value through other comprehensive income — — (116) (116) Other income 110 90 1,241 1,441 Segment other income 1,754 753 1,130 3,637 Other segment items reflected in income statement above: Depreciation and amortisation 1,525 273 979 2,777 Defined benefit scheme charges 89 29 118 236 Other segment items: Additions to fixed assets 1,922 168 1,012 3,102 Retail Commercial Other Group £m £m £m £m Year ended 31 December 2020 Net interest income 8,321 2,300 149 10,770 Other income 1,735 673 1,407 3,815 Total income 10,056 2,973 1,556 14,585 Operating expenses (5,816) (1,673) (1,707) (9,196) Impairment charge (2,384) (1,280) (396) (4,060) Profit (loss) before tax 1,856 20 (547) 1,329 External income 11,859 2,496 230 14,585 Inter-segment (expense) income (1,803) 477 1,326 — Segment income 10,056 2,973 1,556 14,585 Segment external assets 359,171 83,155 157,613 599,939 Segment external liabilities 295,216 126,008 137,597 558,821 Analysis of segment other income: Fee and commission income: Current accounts 497 109 4 610 Credit and debit card fees 517 231 — 748 Commercial banking fees — 169 — 169 Private banking and asset management — — 1 1 Factoring — 76 — 76 Other fees and commissions 63 157 100 320 Fee and commission income 1,077 742 105 1,924 Fee and commission expense (571) (195) (143) (909) Net fee and commission income 506 547 (38) 1,015 Operating lease rental income 1,104 16 — 1,120 Gains less losses on disposal of financial assets at fair value through other comprehensive income — — 145 145 Other income 125 110 1,300 1,535 Segment other income 1,735 673 1,407 3,815 Other segment items reflected in income statement above: Depreciation and amortisation 1,760 242 668 2,670 Defined benefit scheme charges 97 28 122 247 Other segment items: Additions to fixed assets 1,684 89 1,042 2,815 Retail Commercial Other Group £m £m £m £m Year ended 31 December 2019 Net interest income 9,129 2,691 400 12,220 Other income 2,025 870 1,493 4,388 Total income 11,154 3,561 1,893 16,608 Operating expenses (7,912) (1,818) (1,393) (11,123) Impairment charge (1,038) (313) (11) (1,362) Profit before tax 2,204 1,430 489 4,123 External income 13,111 2,773 724 16,608 Inter-segment (expense) income (1,957) 788 1,169 — Segment income 11,154 3,561 1,893 16,608 Segment external assets 351,301 89,630 140,437 581,368 Segment external liabilities 261,019 125,240 156,210 542,469 Analysis of segment other income: Fee and commission income: Current accounts 518 133 5 656 Credit and debit card fees 634 327 — 961 Commercial banking fees — 166 — 166 Private banking and asset management — — 38 38 Factoring — 103 — 103 Other fees and commissions 68 219 152 439 Fee and commission income 1,220 948 195 2,363 Fee and commission expense (571) (299) (157) (1,027) Net fee and commission income 649 649 38 1,336 Operating lease rental income 1,225 22 — 1,247 Gains less losses on disposal of financial assets at fair value through other comprehensive income — (5) 201 196 Other income 151 204 1,254 1,609 Segment other income 2,025 870 1,493 4,388 Other segment items reflected in income statement above: Depreciation and amortisation 1,712 315 575 2,602 Defined benefit scheme charges 108 43 94 245 Other segment items: Additions to fixed assets 2,208 247 1,097 3,552 The Group’s operations are predominantly UK-based and as a result an analysis between UK and non-UK activities is not provided. |
NET INTEREST INCOME
NET INTEREST INCOME | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of interest income (expense) [Abstract] | |
NET INTEREST INCOME | NOTE 5: NET INTEREST INCOME Weighted average 2021 2020 2019 2021 2020 2019 % % % £m £m £m Interest income: Loans and advances to banks and reverse repurchase agreements 0.11 0.20 0.57 70 114 269 Loans and advances to customers and reverse repurchase agreements 2.55 2.76 3.21 12,334 13,358 15,281 Debt securities 1.57 1.82 2.26 74 92 118 Financial assets held at amortised cost 2.27 2.48 2.97 12,478 13,564 15,668 Financial assets at fair value through other comprehensive income 1.69 1.12 1.64 442 302 430 Total interest income 1 2.24 2.42 2.90 12,920 13,866 16,098 Interest expense: Deposits from banks 1.34 1.19 1.39 (66) (82) (87) Customer deposits 0.12 0.40 0.65 (386) (1,270) (2,054) Repurchase agreements 0.10 0.36 1.08 (22) (117) (301) Debt securities in issue 2 1.37 1.13 0.71 (746) (761) (476) Lease liabilities 2.01 2.36 2.41 (30) (39) (39) Subordinated liabilities 7.01 7.19 9.89 (634) (827) (921) Total interest expense 3 0.45 0.71 0.91 (1,884) (3,096) (3,878) Net interest income 11,036 10,770 12,220 1 Includes £10 million (2020: £10 million; 2019: £26 million) of interest income on liabilities with negative interest rates and £38 million (2020: £42 million; 2019: £39 million) in respect of interest income on finance leases. 2 The impact of the Group’s hedging arrangements is included on this line; excluding this impact the weighted average effective interest rate in respect of debt securities in issue would be 2.30 per cent (2020: 2.42 per cent; 2019: 2.25 per cent). 3 Includes £2 million (2020: £23 million; 2019: £119 million) of interest expense on assets with negative interest rates. Included within interest income is £173 million (2020: £170 million; 2019: £196 million) in respect of credit-impaired financial assets. Net interest income also includes a credit of £584 million (2020: credit of £727 million; 2019: credit of £580 million) transferred from the cash flow hedging reserve (see note 33). |
NET FEE AND COMMISSION INCOME
NET FEE AND COMMISSION INCOME | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of fee and commission income (expense) [Abstract] | |
NET FEE AND COMMISSION INCOME | NOTE 6: NET FEE AND COMMISSION INCOME 2021 2020 2019 £m £m £m Fee and commission income: Current accounts 634 610 656 Credit and debit card fees 878 748 961 Commercial banking fees 284 169 166 Private banking and asset management — 1 38 Factoring 76 76 103 Other fees and commissions 323 320 439 Total fee and commission income 2,195 1,924 2,363 Fee and commission expense (942) (909) (1,027) Net fee and commission income 1,253 1,015 1,336 Fees and commissions which are an integral part of the effective interest rate form part of net interest income shown in note 5. Fees and commissions relating to instruments that are held at fair value through profit or loss are included within net trading income shown in note 7. At 31 December 2021, the Group held on its balance sheet £76 million (31 December 2020: £76 million) in respect of services provided to customers and £70 million (31 December 2020: £83 million) in respect of amounts received from customers for services to be provided after the balance sheet date. Current unsatisfied performance obligations amount to £143 million (31 December 2020: £172 million); the Group expects to receive substantially all of this revenue by 2024. Income recognised during the year included £13 million (2020: £18 million) in respect of amounts included in the contract liability balance at the start of the year and £nil (2020: £nil) in respect of amounts from performance obligations satisfied in previous years. The most significant performance obligations undertaken by the Group are in respect of current accounts, the provision of other banking services for commercial customers and credit and debit card services. In respect of current accounts, the Group receives fees for the provision of bank account and transaction services such as ATM services, fund transfers, overdraft facilities and other value-added offerings. For commercial customers, alongside its provision of current accounts, the Group provides other corporate banking services including factoring and commitments to provide loan financing. Loan commitment fees are included in fees and commissions where the loan is not expected to be drawn down by the customer. The Group receives interchange and merchant fees, together with fees for overseas use and cash advances, for provision of card services to cardholders and merchants. |
NET TRADING INCOME
NET TRADING INCOME | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of trading income (expense) [Abstract] | |
NET TRADING INCOME | NOTE 7: NET TRADING INCOME 2021 2020 2019 £m £m £m Foreign exchange translation gains (losses) 10 74 (203) Gains on foreign exchange trading transactions 329 326 336 Total foreign exchange 339 400 133 Investment property losses — (20) (8) Securities and other gains (see below) 46 370 235 Net trading income 385 750 360 Securities and other gains comprise net gains (losses) arising on assets and liabilities held at fair value through profit or loss as follows: 2021 2020 2019 £m £m £m Net income arising on assets and liabilities mandatorily held at fair value through profit or loss: Financial instruments held for trading 1 94 440 427 Other financial instruments mandatorily held at fair value through profit or loss: Debt securities, loans and advances 6 37 25 Equity shares 11 9 (3) 111 486 449 Net expense arising on assets and liabilities designated at fair value through profit or loss (65) (116) (214) Securities and other gains 46 370 235 1 Includes hedge ineffectiveness in respect of fair value hedges (2021: gain of £195 million; 2020: gain of £546 million; 2019: gain of £153 million) and cash flow hedges (2021: loss of £58 million; 2020: gain of £259 million; 2019: gain of £131 million). |
OTHER OPERATING INCOME
OTHER OPERATING INCOME | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of other operating income (expense) [Abstract] | |
OTHER OPERATING INCOME | NOTE 8: OTHER OPERATING INCOME 2021 2020 2019 £m £m £m Operating lease rental income 1,059 1,120 1,247 Gains less losses on disposal of financial assets at fair value through other comprehensive income (note 33) (116) 145 196 Liability management (39) (216) (101) Intercompany recharges and other 1,095 1,001 1,350 Total other operating income 1,999 2,050 2,692 |
OPERATING EXPENSES
OPERATING EXPENSES | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of expenses [Abstract] | |
OPERATING EXPENSES | NOTE 9: OPERATING EXPENSES 2021 2020 2019 £m £m £m Staff costs: Salaries 2,260 2,382 2,370 Performance-based compensation 282 106 340 Social security costs 290 271 308 Pensions and other post-retirement benefit schemes (note 27) 523 552 518 Restructuring costs 88 161 89 Other staff costs 249 143 360 3,692 3,615 3,985 Premises and equipment: Rent and rates 116 115 114 Repairs and maintenance 161 172 182 Other 1 (62) 138 150 215 425 446 Other expenses: Communications and data processing 1,154 996 1,022 Advertising and promotion 161 184 173 Professional fees 150 128 144 Regulatory and legal provisions (note 29) 1,177 414 2,190 Other 880 760 561 3,522 2,482 4,090 Depreciation and amortisation: Depreciation of property, plant and equipment 2 1,823 2,017 2,040 Amortisation of other intangible assets (note 19) 954 653 562 2,777 2,670 2,602 Goodwill impairment (note 18) — 4 — Total operating expenses 10,206 9,196 11,123 1 Net of profits on disposal of operating lease assets of £249 million (2020: £127 million; 2019: £41 million). 2 Comprising depreciation in respect of premises £121 million (2020: £124 million; 2019: £121 million), equipment £777 million (2020: £676 million; 2019: £710 million), operating lease assets £709 million (2020: £1,002 million; 2019: £1,006 million) and right-of-use assets £216 million (2020: £215 million; 2019: £203 million). The average number of persons on a headcount basis employed by the Group during the year was as follows: 2021 2020 2019 UK 63,649 67,115 69,321 Overseas 512 515 762 Total 64,161 67,630 70,083 |
AUDITORS' REMUNERATION
AUDITORS' REMUNERATION | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of auditors' remuneration [Abstract] | |
AUDITORS' REMUNERATION | NOTE 10: AUDITORS’ REMUNERATION Fees payable to the Bank's auditors 1 are as follows: 2021 2020 2019 £m £m £m Fees payable for the: – audit of the Bank's current year Annual report 4.7 4.5 4.2 – audits of the Bank's subsidiaries 9.5 8.9 8.6 – total audit fees in respect of the statutory audit of Group entities 2 14.2 13.4 12.8 – services normally provided in connection with statutory and regulatory filings or engagements 0.7 1.6 1.3 Total audit fees 3 14.9 15.0 14.1 Other audit-related fees 3 0.4 0.3 0.2 All other fees 3 0.5 0.9 0.3 Total non-audit services 4 0.9 1.2 0.5 Total fees payable to the Bank’s auditors by the Group 15.8 16.2 14.6 1 Deloitte LLP became the Group's statutory auditor in 2021. PricewaterhouseCoopers LLP was the statutory auditor during 2020. 2 As defined by the Financial Reporting Council (FRC). 3 As defined by the Securities and Exchange Commission (SEC). 4 As defined by the SEC. Total non-audit services as defined by the FRC include all fees other than audit fees in respect of the statutory audit of Group entities. These fees totalled £1.6 million in 2021 (2020: £2.8 million; 2019: £1.8 million). The following types of services are included in the categories listed above: Audit fees: This category includes fees in respect of the audit of the Group’s annual financial statements and other services in connection with regulatory filings. Other services supplied pursuant to legislation relate primarily to costs incurred in connection with client asset assurance and with the Sarbanes-Oxley Act requirements associated with the audit of the financial statements of Lloyds Banking Group filed on Form 20-F. Other audit-related fees: This category includes fees in respect of services for assurance and related services that are reasonably related to the performance of the audit or review of the financial statements, for example acting as reporting accountants in respect of debt prospectuses required by the Listing Rules. All other fees: This category includes other assurance services not related to the performance of the audit or review of the financial statements, for example the review of controls operated by the Group on behalf of a third party. The auditors are not engaged to provide tax services. It is the Group’s policy to use the auditors only on assignments in cases where their knowledge of the Group means that it is neither efficient nor cost effective to employ another firm of accountants. Lloyds Banking Group has procedures that are designed to ensure auditor independence for Lloyds Banking Group plc and all of its subsidiaries, including prohibiting certain non-audit services. All audit and non-audit assignments must be pre-approved by the Lloyds Banking Group Audit Committee (the Audit Committee) on an individual engagement basis; for certain types of non-audit engagements where the fee is ‘de minimis’ the Audit Committee has pre-approved all assignments subject to confirmation by management. On a quarterly basis, the Audit Committee receives and reviews a report detailing all pre-approved services and amounts paid to the auditors for such pre-approved services. During the year the auditors 1 also earned fees payable by entities outside the consolidated Lloyds Bank Group in respect of the following: 2021 2020 2019 £m £m £m Audits of Group pension schemes 0.3 0.1 0.1 Reviews of the financial position of corporate and other borrowers — 1.3 — 1 Deloitte LLP became the Group's statutory auditor in 2021. PricewaterhouseCoopers LLP was the statutory auditor during 2020. |
IMPAIRMENT
IMPAIRMENT | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of impairment loss and reversal of impairment loss [abstract] | |
IMPAIRMENT | NOTE 11: IMPAIRMENT Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m Year ended 31 December 2021 Impact of transfers between stages 74 (474) 339 — (61) Other changes in credit quality (313) (307) 252 (48) (416) Additions and repayments (231) (379) (97) (87) (794) Methodology and model changes (63) 15 6 — (42) Other items 2 4 (11) — (5) (605) (667) 150 (135) (1,257) Total impairment (credit) charge (531) (1,141) 489 (135) (1,318) In respect of: Loans and advances to banks and reverse repurchase agreements (4) — — — (4) Loans and advances to customers and reverse repurchase agreements (436) (1,008) 498 (135) (1,081) Financial assets at amortised cost (440) (1,008) 498 (135) (1,085) Impairment (credit) charge on drawn balances (440) (1,008) 498 (135) (1,085) Loan commitments and financial guarantees (89) (133) (9) — (231) Financial assets at fair value through other comprehensive income (2) — — — (2) Total impairment (credit) charge (531) (1,141) 489 (135) (1,318) Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m Year ended 31 December 2020 Impact of transfers between stages (168) 925 699 — 1,456 Other changes in credit quality 909 6 1,164 167 2,246 Additions and repayments 77 173 (52) (30) 168 Methodology and model changes (31) 170 26 — 165 Other items — — 25 — 25 955 349 1,163 137 2,604 Total impairment charge 787 1,274 1,862 137 4,060 In respect of: Loans and advances to banks and reverse repurchase agreements 4 — — — 4 Loans and advances to customers and reverse repurchase agreements 678 1,130 1,853 137 3,798 Financial assets at amortised cost 682 1,130 1,853 137 3,802 Impairment charge on drawn balances 682 1,130 1,853 137 3,802 Loan commitments and financial guarantees 100 144 9 — 253 Financial assets at fair value through other comprehensive income 5 — — — 5 Total impairment charge 787 1,274 1,862 137 4,060 Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m Year ended 31 December 2019 Impact of transfers between stages (17) 89 532 — 604 Other changes in credit quality 6 2 939 (106) 841 Additions and repayments 93 (41) (60) (87) (95) Methodology and model changes 33 (27) 8 — 14 Other items (5) — 3 — (2) 127 (66) 890 (193) 758 Total impairment charge (credit) 110 23 1,422 (193) 1,362 In respect of: Loans and advances to banks and reverse repurchase agreements — — — — — Loans and advances to customers and reverse repurchase agreements 141 10 1,382 (193) 1,340 Due from fellow Lloyds Banking Group undertakings (1) — 41 — 40 Financial assets at amortised cost 140 10 1,423 (193) 1,380 Impairment charge (credit) on drawn balances 140 10 1,423 (193) 1,380 Loan commitments and financial guarantees (29) 13 (1) — (17) Financial assets at fair value through other comprehensive income (1) — — — (1) Total impairment charge (credit) 110 23 1,422 (193) 1,362 The impairment charge includes a release of £77 million (2020: charge of £41 million; 2019: charge of £134 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 items: 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 quality, but which have not resulted in a transfer to a different stage. This also contains the impact on the impairment charge as a result of write-offs and recoveries, where the related loss allowances are reassessed to reflect ultimate realisable or recoverable value. Additions and repayments Expected loss allowances are recognised on origination of new loans or further drawdowns of existing facilities. Repayments relate to the reduction of loss allowances resulting from the repayments of outstanding balances that have been provided against. Methodology and model changes Increase or decrease in impairment charge as a result of adjustments to the models used for expected credit loss calculations; either as changes to the model inputs or to the underlying assumptions, as well as the impact of changing the models used. Movements in the Group's impairment allowances are shown in note 15. |
TAX EXPENSE
TAX EXPENSE | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of income tax [Abstract] | |
TAX EXPENSE | NOTE 12: TAX EXPENSE (A) Analysis of tax (expense) credit for the year 2021 2020 2019 £m £m £m UK corporation tax: Current tax on profit for the year (1,349) (423) (1,279) Adjustments in respect of prior years 83 336 98 (1,266) (87) (1,181) Foreign tax: Current tax on profit for the year (21) (18) (58) Adjustments in respect of prior years 22 24 4 1 6 (54) Current tax expense (1,265) (81) (1,235) Deferred tax: Current year 851 508 (110) Adjustments in respect of prior years (169) (290) 58 Deferred tax (expense) credit 682 218 (52) Tax (expense) credit (583) 137 (1,287) (B) Factors affecting the tax (expense) credit for the year The UK corporation tax rate for the year was 19.0 per cent (2020: 19.0 per cent; 2019: 19.0 per cent). An explanation of the relationship between tax (expense) credit and accounting profit is set out below: 2021 2020 2019 £m £m £m Profit before tax 5,785 1,329 4,123 UK corporation tax thereon (1,099) (253) (783) Impact of surcharge on banking profits (415) (122) (377) Non-deductible costs: conduct charges (167) (24) (283) Non-deductible costs: bank levy (19) (30) — Other non-deductible costs (59) (62) (77) Non-taxable income 22 37 36 Tax relief on coupons on other equity instruments 65 79 53 Tax-exempt gains on disposals 2 — 25 Tax losses where no deferred tax recognised — (3) (7) Remeasurement of deferred tax due to rate changes 1,168 435 (25) Differences in overseas tax rates (17) 10 (9) Adjustments in respect of prior years (64) 70 160 Tax (expense) credit (583) 137 (1,287) The tax expense in 2021 included the impact of non-deductible conduct charges which were significantly greater than in 2020, reflecting the Group's best estimate of tax-deductibility of provisions made in the year. |
FINANCIAL ASSETS AT FAIR VALUE
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Trading And Other Financial Assets At Fair Value Through Profit Or Loss [Abstract] | |
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS | NOTE 13: FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS These comprise financial assets mandatorily at fair value through profit or loss as follows: The Group The Bank 2021 2020 2021 2020 £m £m £m £m Loans and advances to customers 1,559 1,511 1,121 517 Corporate and other debt securities — — 3,404 1,203 Equity shares 239 163 4 4 Total 1,798 1,674 4,529 1,724 At 31 December 2021 £1,500 million (2020: £1,099 million) of financial assets at fair value through profit or loss of the Group and £3,116 million (2020: £1,600 million) of the Bank had a contractual residual maturity of greater than one year. For amounts included above which are subject to repurchase and reverse repurchase agreements see note 44. |
DERIVATIVE FINANCIAL INSTRUMENT
DERIVATIVE FINANCIAL INSTRUMENTS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of derivative financial instruments [Abstract] | |
DERIVATIVE FINANCIAL INSTRUMENTS | NOTE 14: DERIVATIVE FINANCIAL INSTRUMENTS The fair values and notional amounts of derivative instruments are set out in the following table: 2021 2020 Contract/ Fair value Fair value Contract/ Fair value Fair value The Group £m £m £m £m £m £m Trading and other Exchange rate contracts: Spot, forwards and futures 12,243 144 156 15,055 360 124 Currency swaps 155,190 693 595 147,303 1,314 1,650 Options purchased 5 — — 12 — — Options written 5 — — 12 — — 167,443 837 751 162,382 1,674 1,774 Interest rate contracts: Interest rate swaps 931,834 4,525 3,300 1,312,974 5,872 5,421 Forward rate agreements 21 — — 81,305 — 3 Options purchased 2,128 19 — 3,745 55 — Options written 1,229 — 10 3,064 — 62 935,212 4,544 3,310 1,401,088 5,927 5,486 Credit derivatives 4,390 64 101 5,362 65 120 Equity and other contracts 44 11 166 50 1 258 Total derivative assets/liabilities - trading and other 1,107,089 5,456 4,328 1,568,882 7,667 7,638 Hedging Derivatives designated as fair value hedges: Interest rate and other swaps 147,724 41 307 185,958 336 255 Currency swaps 34 7 — 36 11 — 147,758 48 307 185,994 347 255 Derivatives designated as cash flow hedges: Interest rate swaps 97,942 — — 316,776 290 262 Currency swaps 571 7 8 4,030 37 73 98,513 7 8 320,806 327 335 Total derivative assets/liabilities - hedging 246,271 55 315 506,800 674 590 Total recognised derivative assets/liabilities 1,353,360 5,511 4,643 2,075,682 8,341 8,228 The notional amount of the contract does not represent the Group’s exposure to credit risk, which is limited to the current cost of replacing contracts with a positive value to the Group should the counterparty default. To reduce credit risk the Group uses a variety of credit enhancement techniques such as netting and collateralisation, where security is provided against the exposure; a large proportion of the Group's derivatives are held through exchanges such as London Clearing House and are collateralised through those exchanges. Further details are provided in note 44 Credit risk. The Group holds derivatives as part of the following strategies: – Customer driven, where derivatives are held as part of the provision of risk management products to Group customers – To manage and hedge the Group’s interest rate and foreign exchange risk arising from normal banking business. The hedge accounting strategy adopted by the Group is to utilise a combination of fair value and cash flow hedge approaches as described in note 44 The principal derivatives used by the Group are as follows: – Interest rate related contracts include interest rate swaps, forward rate agreements and options. An interest rate swap is an agreement between two parties to exchange fixed and floating interest payments, based upon interest rates defined in the contract, without the exchange of the underlying principal amounts. Forward rate agreements are contracts for the payment of the difference between a specified rate of interest and a reference rate, applied to a notional principal amount at a specific date in the future. An interest rate option gives the buyer, on payment of a premium, the right, but not the obligation, to fix the rate of interest on a future loan or deposit, for a specified period and commencing on a specified future date – Exchange rate related contracts include forward foreign exchange contracts, currency swaps and options. A forward foreign exchange contract is an agreement to buy or sell a specified amount of foreign currency on a specified future date at an agreed rate. Currency swaps generally involve the exchange of interest payment obligations denominated in different currencies; the exchange of principal can be notional or actual. A currency option gives the buyer, on payment of a premium, the right, but not the obligation, to sell specified amounts of currency at agreed rates of exchange on or before a specified future date – Credit derivatives, principally credit default swaps, are used by the Group as part of its trading activity and to manage its own exposure to credit risk. A credit default swap is a swap in which one counterparty receives a premium at pre-set intervals in consideration for guaranteeing to make a specific payment should a negative credit event take place – Equity derivatives are also used by the Group as part of its equity-based retail product activity to eliminate the Group’s exposure to fluctuations in various international stock exchange indices. Index-linked equity options are purchased which give the Group the right, but not the obligation, to buy or sell a specified amount of equities, or basket of equities, in the form of published indices on or before a specified future date Details of the Group’s hedging instruments are set out below: Maturity The Group Up to 1 month 1-3 months 3-12 months 1-5 years Over 5 years Total £m £m £m £m £m £m Fair value hedges Interest rate Cross currency swap Notional — — — — 34 34 Average fixed interest rate — — — — 1.28% Average EUR/GBP exchange rate — — — — 1.38 Interest rate swap Notional 283 1,684 15,631 105,666 24,460 147,724 Average fixed interest rate 2.21% 2.13% 0.94% 0.62% 1.87% Cash flow hedges Foreign exchange Currency swap Notional 31 117 325 98 — 571 Average EUR/GBP exchange rate 1.14 1.16 1.15 1.13 — Average USD/GBP exchange rate 1.36 1.35 1.37 1.34 1.34 Interest rate Interest rate swap Notional 1,000 500 9,542 51,186 35,714 97,942 Average fixed interest rate 0.00% 0.17% 0.56% 0.88% 0.67% Maturity The Group Up to 1 month 1-3 months 3-12 months 1-5 years Over 5 years Total £m £m £m £m £m £m Fair value hedges Interest rate Cross currency swap Notional — — — — 36 36 Average fixed interest rate — — — — 1.28% Average EUR/GBP exchange rate — — — — 1.38 Interest rate swap Notional 6,032 6,031 37,531 116,487 19,877 185,958 Average fixed interest rate 2.01% 1.69% 1.49% 1.23% 2.07% Cash flow hedges Foreign exchange Currency swap Notional 28 102 408 941 2,551 4,030 Average USD/GBP exchange rate 1.30 1.31 1.30 1.32 1.32 Interest rate Interest rate swap Notional 5,026 11,449 41,348 164,893 94,060 316,776 Average fixed interest rate 1.09% 1.05% 1.18% 1.57% 2.36% The carrying amounts of the Group’s hedging instruments are as follows: Carrying amount of the hedging instrument The Group Contract/ Assets Liabilities Changes in fair £m £m £m £m Fair value hedges Interest rate Currency swaps 34 7 — (2) Interest rate swaps 147,724 41 307 1,887 Cash flow hedges Foreign exchange Currency swaps 571 7 8 (26) Interest rate Interest rate swaps 97,942 — — (2,444) Carrying amount of the hedging instrument The Group Contract/ Assets Liabilities Changes in fair £m £m £m £m Fair value hedges Interest rate Currency swaps 36 11 — 1 Interest rate swaps 185,958 336 255 (88) Cash flow hedges Foreign exchange Currency swaps 4,030 37 73 (64) Interest rate Interest rate swaps 316,776 290 262 527 All amounts are held within derivative financial instruments. The Group’s hedged items are as follows: Carrying amount of Accumulated amount of Change in Cash flow hedging reserve Continuing Discontinued The Group Assets Liabilities Assets Liabilities £m £m £m £m £m £m £m Fair value hedges Interest rate Fixed rate mortgages 1 88,791 — (872) — (2,081) Fixed rate issuance 2 — 33,128 — 411 1,149 Fixed rate borrowings 3 — — — — — Fixed rate bonds 4 25,019 — 342 — (758) Cash flow hedges Foreign exchange Foreign currency issuance 2 5 (19) 17 Customer deposits 5 21 — — Interest rate Customer loans 1 1,842 (711) 453 Central bank balances 6 588 (235) (109) Customer deposits 5 (89) 32 (85) Carrying amount of Accumulated amount of Change in Cash flow hedging reserve Continuing Discontinued The Group Assets Liabilities Assets Liabilities £m £m £m £m £m £m £m Fair value hedges Interest rate Fixed rate mortgages 1 125,183 — 661 — 355 Fixed rate issuance 2 — 37,323 — 1,357 (179) Fixed rate borrowings 3 — 1,404 — 304 (184) Fixed rate bonds 4 24,111 — 1,178 — 641 Cash flow hedges Foreign exchange Foreign currency issuance 2 (8) (40) 64 Customer deposits 5 74 13 (41) Interest rate Customer loans 1 (508) 1,918 (2) Central bank balances 6 (71) 19 270 Customer deposits 5 38 (233) 97 1 Included within loans and advances to customers. 2 Included within debt securities in issue. 3 Included within amounts due to fellow Lloyds Banking Group undertakings. 4 Included within financial assets at fair value through other comprehensive income. 5 Included within customer deposits. 6 Included within cash and balances at central banks. The accumulated amount of fair value hedge adjustments remaining in the balance sheet for hedged items that have ceased to be adjusted for hedging gains and losses is a liability of £548 million (relating to fixed rate issuances of £270 million and mortgages of £278 million) (2020: liability of £360 million relating to fixed rate issuances only). Gains and losses arising from hedge accounting are summarised as follows: Gain (loss) 1 Hedge 2 Amounts reclassified from reserves The Group Hedged cash Hedged item Income £m £m £m £m Fair value hedges Interest rate Fixed rate mortgages 206 Fixed rate issuance (4) Fixed rate borrowings — Fixed rate bonds (7) Cash flow hedges Foreign exchange Foreign currency issuance (27) — (3) (18) Interest expense Customer deposits 28 — — — Interest expense Interest rate Customer loans (2,173) (42) — (454) Interest income Central bank balances (633) (17) — (134) Interest income Customer deposits 83 1 — 25 Interest expense Gain (loss) 1 Hedge 2 Amounts reclassified from reserves The Group Hedged cash Hedged item Income £m £m £m £m Fair value hedges Interest rate Fixed rate mortgages 571 Fixed rate issuance (35) Fixed rate borrowings 1 Fixed rate bonds 9 Cash flow hedges Foreign exchange Foreign currency issuance (45) — (6) (47) Interest expense Customer deposits 3 — — 9 Interest expense Interest rate Customer loans 23 262 — (633) Interest income Central bank balances 28 (3) — (95) Interest income Customer deposits (27) — — 45 Interest expense 1 Comprising the change in fair value of the hedging derivatives (a loss of £2,138 million; 2020: gain of £709 million) and the amounts reclassified from reserves to the income statement (negative £584 million; 2020: negative £727 million). 2 Hedge ineffectiveness is included in the income statement within net trading income. There was a gain of £3 million (2020: gain of £6 million) reclassified from the cash flow hedging reserve for which hedge accounting had previously been used but for which the hedged future cash flows are no longer expected to occur. At 31 December 2021 £4,861 million of total recognised derivative assets of the Group and £4,031 million of total recognised derivative liabilities of the Group (2020: £7,393 million of assets and £7,064 million of liabilities) had a contractual residual maturity of greater than one year. 2021 2020 Contract/ Fair value Fair value Contract/ Fair value Fair value The Bank £m £m £m £m £m £m Trading and other Exchange rate contracts: Spot, forwards and futures 12,235 143 158 14,117 268 83 Currency swaps 158,448 965 625 168,605 1,683 1,960 Options purchased 5 — — 12 — — Options written 5 — — 11 — — 170,693 1,108 783 182,745 1,951 2,043 Interest rate contracts: Interest rate swaps 1,160,782 5,710 4,897 1,762,919 10,287 8,562 Forward rate agreements 21 — — 84,245 — 4 Options purchased 2,138 20 — 3,824 56 — Options written 1,220 — 10 3,025 — 75 1,164,161 5,730 4,907 1,854,013 10,343 8,641 Credit derivatives 4,439 23 102 5,407 59 99 Equity and other contracts — — — 3 — — Total derivative assets/liabilities - trading and other 1,339,293 6,861 5,792 2,042,168 12,353 10,783 Hedging Derivatives designated as fair value hedges: Interest rate and other swaps 56,698 22 307 58,030 217 221 Currency swaps 34 7 — 36 11 — 56,732 29 307 58,066 228 221 Derivatives designated as cash flow hedges: Interest rate swaps 26,876 — — 93,353 11 42 Currency swaps 415 8 3 616 3 26 27,291 8 3 93,969 14 68 Total derivative assets/liabilities - hedging 84,023 37 310 152,035 242 289 Total recognised derivative assets/liabilities 1,423,316 6,898 6,102 2,194,203 12,595 11,072 Details of the Bank’s hedging instruments are set out below: Maturity The Bank Up to 1 month 1-3 months 3-12 months 1-5 years Over 5 years Total £m £m £m £m £m £m Fair value hedges Interest rate Cross currency swap Notional — — — — 34 34 Average fixed interest rate — — — — 1.28% Average EUR/GBP exchange rate — — — — 1.38 Interest rate swap Notional 189 1,656 5,271 25,525 24,057 56,698 Average fixed interest rate 1.67% 2.09% 1.71% 1.65% 1.83% Cash flow hedges Foreign exchange Currency swap Notional 24 33 301 57 — 415 Average EUR/GBP exchange rate — — 1.16 1.16 — Average USD/GBP exchange rate 1.36 1.35 1.37 1.33 — Interest rate Interest rate swap Notional — — 8,571 10,115 8,190 26,876 Average fixed interest rate — — 0.56% 0.96% 0.74% Maturity The Bank Up to 1 month 1-3 months 3-12 months 1-5 years Over 5 years Total £m £m £m £m £m £m Fair value hedges Interest rate Cross currency swap Notional — — — — 36 36 Average fixed interest rate — — — — 1.28% Average EUR/GBP exchange rate — — — — 1.38 Interest rate swap Notional 2,421 489 3,386 31,239 20,495 58,030 Average fixed interest rate 1.94% 1.67% 2.13% 1.82% 1.89% Cash flow hedges Foreign exchange Currency swap Notional 25 130 296 165 — 616 Average EUR/GBP exchange rate — — 1.13 1.11 — Average USD/GBP exchange rate 1.30 1.30 1.31 1.34 — Interest rate Interest rate swap Notional 844 4,363 9,375 67,534 11,237 93,353 Average fixed interest rate 1.40% 1.07% 1.00% 1.47% 2.33% The carrying amounts of the Bank’s hedging instruments are as follows: Carrying amount of the hedging instrument The Bank Contract/ Assets Liabilities Changes in fair £m £m £m £m Fair value hedges Interest rate Currency swaps 34 7 — (2) Interest rate swaps 56,698 22 307 (294) Cash flow hedges Foreign exchange Currency swaps 415 8 3 (2) Interest rate Interest rate swaps 26,876 — — (548) Carrying amount of the hedging instrument The Bank Contract/ Assets Liabilities Changes in fair £m £m £m £m Fair value hedges Interest rate Currency swaps 36 11 — 1 Interest rate swaps 58,030 217 221 (226) Cash flow hedges Foreign exchange Currency swaps 616 3 26 4 Interest rate Interest rate swaps 93,353 11 42 130 All amounts are held within derivative financial instruments. The Bank’s hedged items are as follows: Carrying amount of Accumulated amount of Change in Cash flow hedging reserve Continuing Discontinued The Bank Assets Liabilities Assets Liabilities £m £m £m £m £m £m £m Fair value hedges Interest rate Fixed rate issuance 1 — 28,870 — 65 1,018 Fixed rate borrowings 2 — — — — — Fixed rate bonds 3 24,358 — 344 — (736) Cash flow hedges Foreign exchange Foreign currency issuance 1 2 (12) (2) Interest rate Customer loans 4 510 (117) 1,014 Central bank balances5 — — 211 Customer deposits 6 (42) 10 (67) Carrying amount of Accumulated amount of Change in Cash flow hedging reserve Continuing Discontinued The Bank Assets Liabilities Assets Liabilities £m £m £m £m £m £m £m Fair value hedges Interest rate Fixed rate issuance 1 — 32,044 — 793 (243) Fixed rate borrowings 2 — 1,404 — 304 (184) Fixed rate bonds 3 23,239 — 1,158 — 625 Cash flow hedges Foreign exchange Foreign currency issuance 1 (4) (49) 16 Interest rate Customer loans 4 (119) 1,486 281 Central bank balances 5 — — 324 Customer deposits 6 15 (189) 3 1 Included within debt securities in issue. 2 Included within amounts due to fellow Lloyds Banking Group undertakings. 3 Included within financial assets at fair value through other comprehensive income. 4 Included within loans and advances to customers. 5 Included within cash and balances at central banks. 6 Included within customer deposits. The accumulated amount of fair value hedge adjustments remaining in the balance sheet for hedged items that have ceased to be adjusted for hedging gains and losses is an asset of £71 million (2020: asset of £9 million) relating to fixed rate issuances. Gains and losses arising from hedge accounting are summarised as follows: Gain (loss) 1 Hedge 2 Amounts reclassified from reserves The Bank Hedged cash Hedged item Income £m £m £m £m Fair value hedges Interest rate Fixed rate mortgages — Fixed rate issuance (7) Fixed rate bonds (7) Fixed rate borrowings Cash flow hedges Foreign exchange Foreign currency issuance 18 — — 21 Interest expense Interest rate Customer loans (871) (26) — (325) Interest income Central bank balances (113) — — (113) Interest income Customer deposits 129 2 — 18 Interest expense Gain (loss) 1 Hedge 2 Amounts reclassified from reserves The Bank Hedged cash Hedged item Income £m £m £m £m Fair value hedges Interest rate Fixed rate mortgages — Fixed rate issuance (35) Fixed rate bonds 8 Fixed rate borrowings — Cash flow hedges Foreign exchange Foreign currency issuance (1) — (1) (4) Interest expense Interest rate Customer loans (166) (31) — (324) Interest income Central bank balances (111) — — (60) Interest income Customer deposits 8 4 — 34 Interest expense 1 Comprising the change in fair value of the hedging derivatives (a loss of £438 million; 2020: gain of £85 million) and the amounts reclassified from reserves to the income statement (negative £399 million; 2020: negative £355 million). 2 Hedge ineffectiveness is included in the income statement within net trading income. During 2021 there was no gain or loss (2020: gain of £1 million) reclassified from the cash flow hedging reserve for which hedge accounting had previously been used but for which the hedged future cash flows are no longer expected to occur. At 31 December 2021 £6,277 million of total recognised derivative assets of the Bank and £5,492 million of total recognised derivative liabilities of the Bank (2020: £11,755 million of assets and £10,009 million of liabilities) had a contractual residual maturity of greater than one year. |
FINANCIAL ASSETS AT AMORTISED C
FINANCIAL ASSETS AT AMORTISED COST | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Financial Assets At Amortised Cost Explanatory [Abstract] | |
FINANCIAL ASSETS AT AMORTISED COST | NOTE 15: FINANCIAL ASSETS AT AMORTISED COST Year ended 31 December 2021 Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total The Group £m £m £m £m £m £m £m £m £m £m Loans and advances to banks and reverse repurchase agreements At 1 January 2021 5,954 — — — 5,954 4 — — — 4 Exchange and other adjustments 15 — — — 15 — — — — — Other changes in credit quality (3) — — — (3) Additions and repayments 1,505 — — — 1,505 (1) — — — (1) Credit to the income statement (4) — — — (4) At 31 December 2021 7,474 — — — 7,474 — — — — — Allowance for impairment losses — — — — — Net carrying amount 7,474 — — — 7,474 Loans and advances to customers At 1 January 2021 415,608 51,280 6,443 12,511 485,842 1,347 2,125 1,968 261 5,701 Exchange and other adjustments 1 (2,506) (31) (82) 68 (2,551) (2) (5) 5 121 119 Transfers to Stage 1 18,662 (18,623) (39) — 562 (551) (11) — Transfers to Stage 2 (11,995) 12,709 (714) — (48) 155 (107) — Transfers to Stage 3 (872) (1,818) 2,690 — (13) (220) 233 — Impact of transfers between stages 5,795 (7,732) 1,937 — (426) 193 221 (12) 75 (423) 336 (12) Other changes in credit quality (239) (256) 254 (48) (289) Additions and repayments 10,181 (8,633) (994) (1,565) (1,011) (209) (344) (98) (87) (738) Methodology and model changes (63) 15 6 — (42) (Credit) charge to the income statement (436) (1,008) 498 (135) (1,081) Advances written off (1,057) (37) (1,094) (1,057) (37) (1,094) Recoveries of advances written off in previous years 159 — 159 159 — 159 At 31 December 2021 429,078 34,884 6,406 10,977 481,345 909 1,112 1,573 210 3,804 Allowance for impairment losses (909) (1,112) (1,573) (210) (3,804) Net carrying amount 428,169 33,772 4,833 10,767 477,541 Debt securities At 1 January 2021 5,137 — 1 — 5,138 — — 1 — 1 Exchange and other adjustments (20) — — — (20) 1 — — — 1 Transfers to Stage 2 (6) 6 — — — — — — Impact of transfers between stages (6) 6 — — — — — — Additions and repayments (557) 3 — — (554) — — — — — Charge to the income statement — — — — — At 31 December 2021 4,554 9 1 — 4,564 1 — 1 — 2 Allowance for impairment losses (1) — (1) — (2) Net carrying amount 4,553 9 — — 4,562 Due from fellow Lloyds Banking Group undertakings At 31 December 2021 739 — — — 739 Allowance for impairment losses — — — — — Net carrying amount 739 — — — 739 Total financial assets at amortised cost 440,935 33,781 4,833 10,767 490,316 1 Exchange and other adjustments includes the impact of movements in exchange rates, discount unwind, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets (POCI). Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. The total allowance for impairment losses includes £95 million (2020: £192 million) in respect of residual value impairment and voluntary terminations within the Group’s UK motor finance business. Movements in Retail UK mortgage balances were as follows: Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total The Group £m £m £m £m £m £m £m £m £m £m Retail – UK mortgages At 1 January 2021 251,418 29,018 1,859 12,511 294,806 104 468 191 261 1,024 Exchange and other adjustments 1 — — — 68 68 — — 18 121 139 Transfers to Stage 1 10,109 (10,105) (4) — 66 (66) — — Transfers to Stage 2 (6,930) 7,425 (495) — (5) 37 (32) — Transfers to Stage 3 (147) (942) 1,089 — — (35) 35 — Impact of transfers between stages 3,032 (3,622) 590 — (58) 84 48 74 3 20 51 74 Other changes in credit quality (14) (32) (30) (48) (124) Additions and repayments 19,179 (3,598) (490) (1,565) 13,526 8 (52) (33) (87) (164) Methodology and model changes (53) (10) 6 — (57) Credit to the income statement (56) (74) (6) (135) (271) Advances written off (28) (37) (65) (28) (37) (65) Recoveries of advances written off in previous years 9 — 9 9 — 9 At 31 December 2021 273,629 21,798 1,940 10,977 308,344 48 394 184 210 836 Allowance for impairment losses (48) (394) (184) (210) (836) Net carrying amount 273,581 21,404 1,756 10,767 307,508 1 Exchange and other adjustments includes the impact of movements in exchange rates, discount unwind, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets (POCI). Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. Movements in allowance for expected credit losses in respect of undrawn balances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total The Group £m £m £m £m £m Undrawn balances At 1 January 2021 191 221 14 — 426 Exchange and other adjustments 1 (2) — — (1) Transfers to Stage 1 73 (73) — — Transfers to Stage 2 (8) 8 — — Transfers to Stage 3 (1) (6) 7 — Impact of transfers between stages (65) 20 (4) (49) (1) (51) 3 (49) Other items credited to the income statement (88) (82) (12) — (182) Credit to the income statement (89) (133) (9) — (231) At 31 December 2021 103 86 5 — 194 The Group's total impairment allowances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total The Group £m £m £m £m £m In respect of: Loans and advances to banks and reverse repurchase agreements — — — — — Loans and advances to customers and reverse repurchase agreements 909 1,112 1,573 210 3,804 Debt securities 1 — 1 — 2 Due from fellow Lloyds Banking Group undertakings — — — — — Financial assets at amortised cost 910 1,112 1,574 210 3,806 Provisions in relation to loan commitments and financial guarantees 103 86 5 — 194 Total 1,013 1,198 1,579 210 4,000 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) 3 — — — 3 Year ended 31 December 2020 Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total The Group £m £m £m £m £m £m £m £m £m £m Loans and advances to banks and reverse repurchase agreements At 1 January 2020 4,852 — — — 4,852 — — — — — Exchange and other adjustments (25) — — — (25) — — — — — Additions and repayments 1,127 — — — 1,127 — — — — — Charge to the income statement 4 — — — 4 At 31 December 2020 5,954 — — — 5,954 4 — — — 4 Allowance for impairment losses (4) — — — (4) Net carrying amount 5,950 — — — 5,950 Loans and advances to customers At 1 January 2020 429,767 28,505 5,647 13,714 477,633 669 993 1,359 142 3,163 Exchange and other adjustments 1 1,013 24 (198) (8) 831 — 2 (4) 21 19 Transfers to Stage 1 4,970 (4,954) (16) — 144 (141) (3) — Transfers to Stage 2 (28,516) 29,128 (612) — (217) 267 (50) — Transfers to Stage 3 (1,615) (2,001) 3,616 — (9) (156) 165 — Impact of transfers between stages (25,161) 22,173 2,988 — (84) 880 570 1,366 (166) 850 682 1,366 Other changes in credit quality 838 (33) 1,183 167 2,155 Additions and repayments 9,989 578 (754) (1,156) 8,657 37 143 (38) (30) 112 Methodology and model changes (31) 170 26 — 165 Charge to the income statement 678 1,130 1,853 137 3,798 Advances written off (1,490) (39) (1,529) (1,490) (39) (1,529) Recoveries of advances written off in previous years 250 — 250 250 — 250 At 31 December 2020 415,608 51,280 6,443 12,511 485,842 1,347 2,125 1,968 261 5,701 Allowance for impairment losses (1,347) (2,125) (1,968) (261) (5,701) Net carrying amount 414,261 49,155 4,475 12,250 480,141 Debt securities At 1 January 2020 5,325 — 1 — 5,326 — — 1 — 1 Exchange and other adjustments (17) — — — (17) — — — — — Additions and repayments (171) — — — (171) — — — — — At 31 December 2020 5,137 — 1 — 5,138 — — 1 — 1 Allowance for impairment losses — — (1) — (1) Net carrying amount 5,137 — — — 5,137 Due from fellow Lloyds Banking Group undertakings At 31 December 2020 738 — — — 738 Allowance for impairment losses — — — — — Net carrying amount 738 — — — 738 Total financial assets at amortised cost 426,086 49,155 4,475 12,250 491,966 1 Exchange and other adjustments includes the impact of movements in exchange rates, discount unwind, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets (POCI). Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. Movements in Retail UK mortgage balances were as follows: Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total The Group £m £m £m £m £m £m £m £m £m £m Retail – UK mortgages At 1 January 2020 257,043 16,935 1,506 13,714 289,198 23 281 122 142 568 Exchange and other adjustments 1 — — — (8) (8) — — 20 21 41 Transfers to Stage 1 2,418 (2,414) (4) — 17 (17) — — Transfers to Stage 2 (16,463) 16,882 (419) — (4) 22 (18) — Transfers to Stage 3 (199) (974) 1,173 — — (35) 35 — Impact of transfers between stages (14,244) 13,494 750 — (15) 198 66 249 (2) 168 83 249 Other changes in credit quality 63 (26) (23) 167 181 Additions and repayments 8,619 (1,411) (375) (1,156) 5,677 14 (15) (13) (30) (44) Methodology and model changes 6 60 24 — 90 Charge to the income statement 81 187 71 137 476 Advances written off (37) (39) (76) (37) (39) (76) Recoveries of advances written off in previous years 15 — 15 15 — 15 At 31 December 2020 251,418 29,018 1,859 12,511 294,806 104 468 191 261 1,024 Allowance for impairment losses (104) (468) (191) (261) (1,024) Net carrying amount 251,314 28,550 1,668 12,250 293,782 1 Exchange and other adjustments includes the impact of movements in exchange rates, discount unwind, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets (POCI). Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. Movements in allowance for expected credit losses in respect of undrawn balances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total The Group £m £m £m £m £m Undrawn balances At 1 January 2020 91 77 5 — 173 Exchange and other adjustments — — — — — Transfers to Stage 1 19 (19) — — Transfers to Stage 2 (10) 10 — — Transfers to Stage 3 (1) (6) 7 — Impact of transfers between stages (10) 90 10 90 (2) 75 17 90 Other items charged to the income statement 102 69 (8) — 163 Charge to the income statement 100 144 9 — 253 At 31 December 2020 191 221 14 — 426 The Group's total impairment allowances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total The Group £m £m £m £m £m In respect of: Loans and advances to banks and reverse repurchase agreements 4 — — — 4 Loans and advances to customers and reverse repurchase agreements 1,347 2,125 1,968 261 5,701 Debt securities — — 1 — 1 Due from fellow Lloyds Banking Group undertakings — — — — — Financial assets at amortised cost 1,351 2,125 1,969 261 5,706 Provisions in relation to loan commitments and financial guarantees 191 221 14 — 426 Total 1,542 2,346 1,983 261 6,132 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) — — — — — Year ended 31 December 2021 Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total The Bank £m £m £m £m £m £m £m £m Loans and advances to banks and At 1 January 2021 5,660 — — 5,660 4 — — 4 Exchange and other adjustments 20 — — 20 — — — — Other changes in credit quality — — — — (3) — — (3) Additions and repayments 1,607 — — 1,607 (1) — — (1) Credit to the income statement (4) — — (4) At 31 December 2021 7,287 — — 7,287 — — — — Allowance for impairment losses — — — — Net carrying amount 7,287 — — 7,287 Loans and advances to customers and reverse repurchase agreements At 1 January 2021 156,189 21,494 2,867 180,550 589 974 718 2,281 Exchange and other adjustments (111) (12) (45) (168) (1) — (10) (11) Transfers to Stage 1 8,555 (8,529) (26) — 273 (267) (6) — Transfers to Stage 2 (4,514) 4,834 (320) — (14) 61 (47) — Transfers to Stage 3 (416) (651) 1,067 — (7) (89) 96 — Impact of transfers between stages 3,625 (4,346) 721 — (224) 43 62 (119) 28 (252) 105 (119) Other changes in credit quality (107) (125) 59 (173) Additions and repayments (9,881) (5,052) (403) (15,336) (88) (208) (22) (318) Methodology and model changes (63) 15 6 (42) (Credit) charge to the income statement (230) (570) 148 (652) Advances written off (490) (490) (490) (490) Recoveries of advances written off in previous 48 48 48 48 At 31 December 2021 149,822 12,084 2,698 164,604 358 404 414 1,176 Allowance for impairment losses (358) (404) (414) (1,176) Net carrying amount 149,464 11,680 2,284 163,428 Debt securities At 1 January 2021 4,316 — — 4,316 1 — — 1 Exchange and other adjustments 12 — — 12 (1) — — (1) Additions and repayments (572) — — (572) — — — — At 31 December 2021 3,756 — — 3,756 — — — — Allowance for impairment losses — — — — Net carrying amount 3,756 — — 3,756 Due from fellow Lloyds Banking Group undertakings At 31 December 2021 108,445 — — 108,445 Allowance for impairment losses (21) — — (21) Net carrying amount 108,424 — — 108,424 Total financial assets at amortised cost 268,931 11,680 2,284 282,895 Movements in allowance for expected credit losses in respect of undrawn balances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 Total The Bank £m £m £m £m Undrawn balances At 1 January 2021 102 135 8 245 Exchange and other adjustments — 3 — 3 Transfers to Stage 1 46 (46) — — Transfers to Stage 2 (4) 4 — — Transfers to Stage 3 (1) (3) 4 — Impact of transfers between stages (41) 9 (2) (34) — (36) 2 (34) Other items charged to the income statement (45) (49) (6) (100) Credit to the income statement (45) (85) (4) (134) At 31 December 2021 57 53 4 114 The Bank's total impairment allowances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 Total The Bank £m £m £m £m In respect of: Loans and advances to banks and reverse repurchase agreements — — — — Loans and advances to customers and reverse repurchase agreements 358 404 414 1,176 Debt securities — — — — Due from fellow Lloyds Banking Group undertakings 21 — — 21 Financial assets at amortised cost 379 404 414 1,197 Provisions in relation to loan commitments and financial guarantees 57 53 4 114 Total 436 457 418 1,311 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) 2 — — 2 Year ended 31 December 2020 Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total The Bank £m £m £m £m £m £m £m £m Loans and advances to banks and At 1 January 2020 4,453 — — 4,453 — — — — Exchange and other adjustments (19) — — (19) — — — — Additions and repayments 1,226 — — 1,226 — — — — Charge to the income statement 4 — — 4 At 31 December 2020 5,660 — — 5,660 4 — — 4 Allowance for impairment losses (4) — — (4) Net carrying amount 5,656 — — 5,656 Loans and advances to customers and reverse repurchase agreements At 1 January 2020 165,676 10,681 2,385 178,742 238 435 500 1,173 Exchange and other adjustments 40 (1) (220) (181) — — (8) (8) Transfers to Stage 1 1,974 (1,967) (7) — 73 (72) (1) — Transfers to Stage 2 (11,777) 12,089 (312) — (49) 66 (17) — Transfers to Stage 3 (955) (900) 1,855 — (10) (59) 69 — Impact of transfers between stages (10,758) 9,222 1,536 — (49) 340 311 602 (35) 275 362 602 Other changes in credit quality 382 (43) 479 818 Additions and repayments 1,231 1,592 (212) 2,611 35 137 (19) 153 Methodology and model changes (31) 170 26 165 Charge to the income statement 351 539 848 1,738 Advances written off (708) (708) (708) (708) Recoveries of advances written off in previous 86 86 86 86 At 31 December 2020 156,189 21,494 2,867 180,550 589 974 718 2,281 Allowance for impairment losses (589) (974) (718) (2,281) Net carrying amount 155,600 20,520 2,149 178,269 Debt securities At 1 January 2020 5,241 — — 5,241 — — — — Exchange and other adjustments (16) — — (16) — — — — Additions and repayments (909) — — (909) 1 — — 1 At 31 December 2020 4,316 — — 4,316 1 — — 1 Allowance for impairment losses (1) — — (1) Net carrying amount 4,315 — — 4,315 Due from fellow Lloyds Banking Group undertakings At 31 December 2020 128,791 — 7 128,798 Allowance for impairment losses (20) — (7) (27) Net carrying amount 128,771 — — 128,771 Total financial assets at amortised cost 294,342 20,520 2,149 317,011 Movements in allowance for expected credit losses in respect of undrawn balances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 Total The Bank £m £m £m £m Undrawn balances At 1 January 2020 44 42 4 90 Exchange and other adjustments — — — — Transfers to Stage 1 9 (9) — — Transfers to Stage 2 (5) 5 — — Transfers to Stage 3 — (3) 3 — Impact of transfers between stages (5) 58 — 53 (1) 51 3 53 Other items charged to the income statement 59 42 1 102 Charge to the income statement 58 93 4 155 At 31 December 2020 102 135 8 245 The Bank's total impairment allowances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 Total The Bank £m £m £m £m In respect of: Loans and advances to banks and reverse repurchase agreements 4 — — 4 Loans and advances to customers and reverse repurchase agreements 589 974 718 2,281 Debt securities 1 — — 1 Due from fellow Lloyds Banking Group undertakings 20 — 7 27 Financial assets at amortised cost 614 974 725 2,313 Provisions in relation to loan commitments and financial guarantees 102 135 8 245 Total 716 1,109 733 2,558 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) — — — — The movement tables are compiled by comparing the position at 31 December 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 31 December, with the exception of those held within purchased or originated credit-impaired, which are not transferable. Additions and 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. At 31 December 2021 £2,186 million (2020: £1,082 million) of loans and advances to banks and reverse repurchase agreements of the Group and £2,142 million (2020: £1,024 million) of the Bank had a contractual residual maturity of greater than one year. At 31 December 2021 £384,766 million (2020: £385,517 million) of loans and advances to customers and reverse repurchase agreements of the Group and £92,907 million (2020: £105,738 million) of the Bank had a contractual residual maturity of greater than one year. At 31 December 2021 £3,042 million (2020: £5,110 million) of debt securities of the Group and £2,541 million (2020: £4,300 million) of the Bank had a contractual residual maturity of greater than one year. For amounts included above which are subject to reverse repurchase agreements see note 44. |
FINANCE LEASE RECEIVABLES
FINANCE LEASE RECEIVABLES | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of maturity analysis of finance lease payments receivable [text block] [Abstract] | |
FINANCE LEASE RECEIVABLES | NOTE 16: FINANCE LEASE RECEIVABLES Finance lease receivables are classified as loans and advances to customers and accounted for at amortised cost. The balance is analysed as follows: The Group The Bank 2021 2020 2021 2020 £m £m £m £m Not later than 1 year 339 308 3 18 Later than 1 year and not later than 2 years 135 180 2 2 Later than 2 years and not later than 3 years 222 143 15 2 Later than 3 years and not later than 4 years 110 191 — 7 Later than 4 years and not later than 5 years 46 110 — 2 Later than 5 years 150 571 — — Gross investment in finance leases 1,002 1,503 20 31 Unearned future finance income on finance leases (147) (440) — — Rentals received in advance (12) (16) — (1) Net investment in finance leases 843 1,047 20 30 The net investment in finance leases represents amounts recoverable as follows: The Group The Bank 2021 2020 2021 2020 £m £m £m £m Not later than 1 year 280 237 3 17 Later than 1 year and not later than 2 years 108 135 2 2 Later than 2 years and not later than 3 years 198 104 15 2 Later than 3 years and not later than 4 years 94 159 — 7 Later than 4 years and not later than 5 years 35 86 — 2 Later than 5 years 128 326 — — Net investment in finance leases 843 1,047 20 30 Equipment leased to customers under finance leases primarily relates to structured financing transactions to fund the purchase of aircraft, ships and other large individual value items. There was an allowance for uncollectable finance lease receivables included in the allowance for impairment losses for the Group of £18 million (2020: £22 million). |
FINANCIAL ASSETS AT FAIR VALU_2
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Fair Value Of Each Investment Designated As Measured At Fair Value Through Other Comprehensive Income Explanatory [Abstract] | |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | NOTE 17: FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME The Group The Bank 2021 2020 2021 2020 £m £m £m £m Debt securities: Government securities 14,599 14,267 14,445 14,114 Asset-backed securities 55 65 — — Corporate and other debt securities 13,131 12,928 11,084 10,533 27,785 27,260 25,529 24,647 Equity shares 1 — — — Total financial assets at fair value through other comprehensive income 27,786 27,260 25,529 24,647 At 31 December 2021 £24,947 million (2020: £25,826 million) of financial assets at fair value through other comprehensive income of the Group and £23,081 million (2020: £23,494 million) of the Bank had a contractual residual maturity of greater than one year. All assets were assessed at Stage 1 at 31 December 2020 and 2021. |
GOODWILL OF THE GROUP
GOODWILL OF THE GROUP | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of goodwill [Abstract] | |
GOODWILL OF THE GROUP | NOTE 18: GOODWILL OF THE GROUP 2021 2020 £m £m At 1 January 470 474 Impairment charged to the income statement — (4) At 31 December 470 470 Cost 1 814 814 Accumulated impairment losses (344) (344) At 31 December 470 470 1 For acquisitions made prior to 1 January 2004, the date of transition to IFRS, cost is included net of amounts amortised up to 31 December 2003. The goodwill held in the Group’s balance sheet is tested at least annually for impairment. For the purposes of impairment testing the goodwill is allocated to the appropriate cash generating unit; of the total balance of £470 million (2020: £470 million), £302 million, 64 per cent (2020: £302 million, 64 per cent) has been allocated to Cards and £166 million, or 35 per cent (2020: £166 million, 35 per cent) has been allocated to Motor Finance, both in the Group’s Retail division. The recoverable amount of the goodwill relating to the Cards business has been based on a value-in-use calculation using post-tax cash flow projections based on financial budgets and plans approved by management covering a four-year period and a discount rate (post-tax) of 10.25 per cent. The cash flows beyond the four-year period assume 3.5 per cent growth. Management believes that any reasonably possible change in the key assumptions above would not cause the recoverable amount of the goodwill relating to the Cards business to fall below the balance sheet carrying value. The recoverable amount of the goodwill relating to Motor Finance has also been based on a value-in-use calculation using post-tax cash flow projections based on financial budgets and plans approved by management covering a four-year period and a discount rate (post-tax) of 10.25 per cent. The cash flows beyond the four-year period are extrapolated using a growth rate of 3.5 per cent which does not exceed the long-term average growth rates for the markets in which Motor Finance participates. Management believes that any reasonably possible change in the key assumptions, including from the impacts of climate change or climate-related legislation, would not cause the recoverable amount of the goodwill relating to Motor Finance to fall below the balance sheet carrying value. The impairment charge of £4 million in 2020 related to the goodwill arising on a small, separable acquisition a number of years ago. |
OTHER INTANGIBLE ASSETS
OTHER INTANGIBLE ASSETS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about intangible assets [abstract] | |
OTHER INTANGIBLE ASSETS | NOTE 19: OTHER INTANGIBLE ASSETS The Group The Bank Brands Core deposit Purchased Customer- Capitalised Total Capitalised £m £m £m £m £m £m £m Cost: At 1 January 2020 584 2,770 1,002 50 4,926 9,332 4,280 Additions — — — — 984 984 857 Disposals — — — — (55) (55) (6) At 31 December 2020 584 2,770 1,002 50 5,855 10,261 5,131 Additions — — — — 986 986 886 Disposals and write-offs — — — — (460) (460) (321) At 31 December 2021 584 2,770 1,002 50 6,381 10,787 5,696 Accumulated amortisation: At 1 January 2020 204 2,770 481 50 2,046 5,551 1,662 Charge for the year (note 9) — — 70 — 583 653 515 Disposals — — — — (55) (55) (6) At 31 December 2020 204 2,770 551 50 2,574 6,149 2,171 Charge for the year (note 9) — — 70 — 884 954 750 Disposals and write-offs — — — — (460) (460) (321) At 31 December 2021 204 2,770 621 50 2,998 6,643 2,600 Balance sheet amount at 380 — 381 — 3,383 4,144 3,096 Balance sheet amount at 380 — 451 — 3,281 4,112 2,960 Brands arising from the acquisition of Bank of Scotland in 2009 are recognised on the Group's balance sheet and have been determined to have an indefinite useful life. The carrying value at 31 December 2021 was £380 million (2020: £380 million). The Bank of Scotland name has been in existence for over 300 years and there are no indications that the brand should not have an indefinite useful life. The recoverable amount has been based on a value-in-use calculation. The calculation uses post-tax projections for a six-year period of the income generated by the Bank of Scotland cost generating unit, a discount rate of 10.25 per cent and a future growth rate of 3.5 per cent. Management believes that any reasonably possible change in the key assumptions would not cause the recoverable amount of the Bank of Scotland brand to fall below its balance sheet carrying value. |
INVESTMENT IN SUBSIDIARY UNDERT
INVESTMENT IN SUBSIDIARY UNDERTAKINGS OF THE BANK | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of interests in subsidiaries [Abstract] | |
INVESTMENT IN SUBSIDIARY UNDERTAKINGS OF THE BANK | NOTE 20: INVESTMENT IN SUBSIDIARY UNDERTAKINGS OF THE BANK 2021 2020 £m £m At 1 January 33,353 34,084 Additions and capital injections 11 1,055 Capital contributions 36 33 Capital repayments (2,576) (1,801) Disposals (236) (18) At 31 December 30,588 33,353 Certain subsidiary companies currently have insufficient distributable reserves to make dividend payments, however, there were no further significant restrictions on any of the Bank’s subsidiaries in paying dividends or repaying loans and advances. All regulated banking subsidiaries are required to maintain capital at levels agreed with the regulators; this may impact those subsidiaries’ ability to make distributions. |
OTHER ASSETS
OTHER ASSETS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of other non-current assets [Abstract] | |
OTHER ASSETS | NOTE 21: OTHER ASSETS The Group The Bank 2021 2020 2021 2020 £m £m £m £m Property, plant and equipment: Investment properties 4 4 — — Premises 803 866 509 541 Equipment 1,627 2,055 1,372 1,779 Operating lease assets (see below) 4,196 3,958 — — Right-of-use assets (note 22) 1,268 1,434 690 778 7,898 8,317 2,571 3,098 Settlement balances 52 202 51 100 Prepayments 905 1,030 488 443 Other assets 744 660 363 211 Total other assets 9,599 10,209 3,473 3,852 Operating lease assets At 31 December the future minimum rentals receivable by the Group under non-cancellable operating leases were as follows: 2021 2020 £m £m Within 1 year 848 864 1 to 2 years 561 548 2 to 3 years 288 274 3 to 4 years 86 78 4 to 5 years 8 7 Over 5 years — — Total future minimum rentals receivable 1,791 1,771 |
LESSEE DISCLOSURES
LESSEE DISCLOSURES | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Leases [Abstract] | |
LESSEE DISCLOSURES | NOTE 22: LESSEE DISCLOSURES The table below sets out the movement in right-of-use assets, which are primarily in respect of premises, and are recognised within other assets (note 21). The Group The Bank 2021 2020 2021 2020 £m £m £m £m At 1 January 1,434 1,609 778 868 Exchange and other adjustments (9) — (9) — Additions 71 122 54 104 Disposals (12) (82) (4) (73) Depreciation charge for the year (216) (215) (129) (121) At 31 December 1,268 1,434 690 778 Lease liabilities are recognised within other liabilities (note 26). The maturity analysis of lease liabilities on an undiscounted basis is set out in the liquidity risk section of note 44. The total cash outflow for leases in the year ended 31 December 2021 was £243 million. The amount recognised within interest expense in respect of lease liabilities is disclosed in note 5. |
FINANCIAL LIABILITIES AT FAIR V
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Trading And Other Financial Liabilities At Fair Value Through Profit Or Loss [Abstract] | |
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS | NOTE 23: FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS The Group The Bank 2021 2020 2021 2020 £m £m £m £m Liabilities designated at fair value through profit or loss: debt securities in issue 6,537 6,828 9,821 7,905 Trading liabilities: Other deposits — 2 — 2 Short positions in securities — 1 — — — 3 — 2 Total financial liabilities at fair value through profit or loss 6,537 6,831 9,821 7,907 At 31 December 2021, the Group had £6,258 million (2020: £6,682 million) and the Bank had £9,543 million (2020: £7,758 million) of trading and other liabilities at fair value through profit or loss with a contractual residual maturity of greater than one year. Liabilities designated at fair value through profit or loss primarily represent debt securities in issue which either contain substantive embedded derivatives which would otherwise need to be recognised and measured at fair value separately from the related debt securities, or which are accounted for at fair value to significantly reduce an accounting mismatch. For the Group, the amount contractually payable on maturity of the debt securities held at fair value through profit or loss at 31 December 2021 was £10,558 million, which was £4,021 million higher than the balance sheet carrying value (2020: £11,503 million, which was £4,675 million higher than the balance sheet carrying value). At 31 December 2021 there was a cumulative £195 million increase in the fair value of these liabilities attributable to changes in credit spread risk; this is determined by reference to the quoted credit spreads of the Bank. Of the cumulative amount, an increase of £86 million arose in 2021 and an increase of £75 million arose in 2020. In addition, the Bank has £3,317 million (2020: £1,122 million) of debt securities in issue which are accounted for at fair value to significantly reduce an accounting mismatch. The changes in the credit risk of these liabilities are linked to the changes in credit risk on corresponding assets that the Bank holds at fair value through profit or loss, representing debt securities issued by subsidiaries. Given the economic relationship between these assets and liabilities, the Bank presents changes in the credit risk of these liabilities in profit or loss in order to avoid creating or enlarging an accounting mismatch. For the fair value of collateral pledged in respect of repurchase agreements see note 44. |
DEBT SECURITIES IN ISSUE
DEBT SECURITIES IN ISSUE | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of debt instruments [Abstract] | |
DEBT SECURITIES IN ISSUE | NOTE 24: DEBT SECURITIES IN ISSUE The Group The Bank 2021 2020 2021 2020 £m £m £m £m Medium-term notes issued 23,820 21,501 19,916 19,546 Covered bonds (note 25) 17,407 23,977 15,809 20,895 Certificates of deposit issued 290 3,597 290 3,597 Securitisation notes (note 25) 3,672 4,436 176 — Commercial paper 3,535 5,782 2,248 4,071 Total debt securities in issue 48,724 59,293 38,439 48,109 At 31 December 2021 £33,369 million (2020: £40,765 million) of debt securities in issue of the Group and £26,967 million (2020: £33,582 million) of the Bank had a contractual residual maturity of greater than one year. |
SECURITISATIONS AND COVERED BON
SECURITISATIONS AND COVERED BONDS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Securitisations Programmes And Transactions [Abstract] | |
SECURITISATIONS AND COVERED BONDS | NOTE 25: SECURITISATIONS AND COVERED BONDS Securitisation programmes The Group’s balance sheet includes loans securitised under the Group’s securitisation programmes, the majority of which have been sold by Group companies to bankruptcy remote structured entities. As the structured entities are funded by the issue of debt on terms whereby the majority of the risks and rewards of the portfolio are retained by the Group company, the structured entities are consolidated fully and all of these loans are retained on the Group’s balance sheet, with the related notes in issue included within debt securities in issue. Covered bond programmes Certain loans and advances to customers have been assigned to bankruptcy remote limited liability partnerships to provide security for issues of covered bonds by the Group. The Group retains all of the risks and rewards associated with these loans and the partnerships are consolidated fully with the loans retained on the Group’s balance sheet, and the related covered bonds in issue included within debt securities in issue. The Group’s principal securitisation and covered bond programmes, together with the balances of the advances subject to these arrangements and the carrying value of the notes in issue at 31 December, are listed below. The notes in issue are reported in note 24. 2021 2020 Loans and Notes Loans and Notes £m £m £m £m Securitisation programmes UK residential mortgages 18,300 16,214 23,984 21,640 Commercial loans 388 1,839 2,884 4,004 Credit card receivables 11,615 8,474 5,890 4,340 Motor vehicle finance 235 251 1,826 1,915 Dutch residential mortgages 427 448 — — 30,965 27,226 34,584 31,899 Less held by the Group (23,521) (27,418) Total securitisation programmes (notes 23 and 24) 1 3,705 4,481 Covered bond programmes Residential mortgage-backed 35,896 16,907 33,980 23,477 Social housing loan-backed 833 500 980 600 36,729 17,407 34,960 24,077 Less held by the Group — (100) Total covered bond programmes (note 24) 17,407 23,977 Total securitisation and covered bond programmes 21,112 28,458 1 Includes £33 million (2020: £45 million) of securitisation notes held at fair value through profit or loss. Cash deposits of £3,455 million (2020: £3,930 million) which support the debt securities issued by the structured entities, the term advances related to covered bonds and other legal obligations, are held by the Group. Additionally, the Group has certain contractual arrangements to provide liquidity facilities to some of these structured entities. At 31 December 2021 these obligations had not been triggered; the maximum exposure under these facilities was £52 million (2020: £52 million). The Group has a number of covered bond programmes, for which limited liability partnerships have been established to ring-fence asset pools and guarantee the covered bonds issued by the Group. At the reporting date the Group had over-collateralised these programmes as set out in the table above to meet the terms of the programmes, to secure the rating of the covered bonds and to provide operational flexibility. From time to time, the obligations of the Group to provide collateral may increase due to the formal requirements of the programmes. The Group may also voluntarily contribute collateral to support the ratings of the covered bonds. The Group recognises the full liabilities associated with its securitisation and covered bond programmes within debt securities in issue, although the obligations of the Group in respect of its securitisation issuances are limited to the cash flows generated from the underlying assets. The Group could be required to provide additional support to a number of the securitisation programmes to support the credit ratings of the debt securities issued, in the form of increased cash reserves and the holding of subordinated notes. Further, certain programmes contain contractual obligations that require the Group to repurchase assets should they become credit-impaired or as otherwise required by the transaction documents. The Group has not provided financial or other support by voluntarily offering to repurchase assets from any of its public securitisation programmes during 2021 (2020: none). |
OTHER LIABILITIES
OTHER LIABILITIES | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of other liabilities [text block] [Abstract] | |
OTHER LIABILITIES | NOTE 26: OTHER LIABILITIES The Group The Bank 2021 2020 2021 2020 £m £m £m £m Settlement balances 110 36 51 11 Lease liabilities 1,411 1,592 777 885 Other creditors and accruals 3,870 3,553 2,300 1,677 Total other liabilities 5,391 5,181 3,128 2,573 The maturity analysis of the lease liabilities on an undiscounted basis is set out in the liquidity risk section of note 44. |
RETIREMENT BENEFIT OBLIGATIONS
RETIREMENT BENEFIT OBLIGATIONS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of employee benefits [text block] [Abstract] | |
RETIREMENT BENEFIT OBLIGATIONS | NOTE 27: RETIREMENT BENEFIT OBLIGATIONS The Group 2021 2020 2019 £m £m £m Charge to the income statement Defined benefit pension schemes 234 244 241 Other post-retirement benefit schemes 2 3 4 Total defined benefit schemes 236 247 245 Defined contribution pension schemes 287 305 273 Total charge to the income statement (note 9) 523 552 518 The Group The Bank 2021 2020 2021 2020 £m £m £m £m Amounts recognised in the balance sheet Retirement benefit assets 4,531 1,714 2,420 765 Retirement benefit obligations (230) (245) (101) (106) Total amounts recognised in the balance sheet 4,301 1,469 2,319 659 The total amounts recognised in the balance sheet relate to: The Group The Bank 2021 2020 2021 2020 £m £m £m £m Defined benefit pension schemes 4,404 1,578 2,384 727 Other post-retirement benefit schemes (103) (109) (65) (68) Total amounts recognised in the balance sheet 4,301 1,469 2,319 659 Pension schemes Defined benefit schemes (i) Characteristics of and risks associated with the Group’s schemes The Group has established a number of defined benefit pension schemes in the UK and overseas. All significant schemes are based in the UK, with the three most significant being the main sections of the Lloyds Bank Pension Scheme No. 1, the Lloyds Bank Pension Scheme No. 2 and the HBOS Final Salary Pension Scheme. At 31 December 2021, these schemes represented 94 per cent of the Group’s total gross defined benefit pension assets (2020: 94 per cent). These schemes provide retirement benefits calculated as a proportion of final pensionable salary depending upon the length of pensionable service; the minimum retirement age under the rules of the schemes at 31 December 2021 is generally 55, although certain categories of member are deemed to have a protected right to retire at 50. The Group operates both funded and unfunded pension arrangements; the majority, including the three most significant schemes, are funded schemes in the UK. All of these UK funded schemes are operated as separate legal entities under trust law, are in compliance with the Pensions Act 2004 and are managed by a Trustee Board (the Trustee) whose role is to ensure that their scheme is administered in accordance with the scheme rules and relevant legislation, and to safeguard the assets in the best interests of all members and beneficiaries. The Trustee is solely responsible for setting investment policy and for agreeing funding requirements with the employer through the funding valuation process. The Board of Trustees must be composed of representatives of the scheme membership along with a combination of independent and employer appointed trustees to comply with legislation and scheme rules. A valuation to determine the funding status of each scheme is carried out at least every three years, whereby scheme assets are measured at market value and liabilities (technical provisions) are measured using prudent assumptions. If a deficit is identified a recovery plan is agreed between the employer and the scheme Trustee and sent to the Pensions Regulator for review. The Group has not provided for these deficit contributions as the future economic benefits arising from these contributions are expected to be available to the Group. The Group’s overseas defined benefit pension schemes are subject to local regulatory arrangements. The most recent triennial funding valuations of the Group's three main defined benefit pension schemes showed an aggregate ongoing funding deficit of £7.3 billion as at 31 December 2019 (a funding level of 85.7 per cent) compared to a £7.3 billion deficit at 31 December 2016 (a funding level of 85.9 per cent). The revised deficit now includes an allowance for the impact of RPI reform announced by the Chancellor of the Exchequer in November 2020, and which is subject to judicial review in 2022. The latest annual update as at 31 December 2020 showed the funding deficit had improved to £6.0 billion. Under the agreed recovery plan, £0.8 billion plus a further 30 per cent of Lloyds Banking Group plc's in-year capital distributions to ordinary shareholders, up to a limit on total deficit contributions of £2.0 billion per annum, is payable from 2021 until the 2019 deficit has been removed. The deficit contributions are in addition to the regular contributions to meet benefits accruing over the year, and to cover the expenses of running the schemes. £1.1 billion of deficit contributions were paid to these schemes in 2021. The Group expects to pay contributions of at least £1.1 billion to its defined benefit schemes in 2022. During 2009, the Group made one-off contributions to the Lloyds Bank Pension Scheme No. 1 and Lloyds Bank Pension Scheme No. 2 in the form of interests in limited liability partnerships for each of the two schemes which hold assets to provide security for the Group’s obligations to the two schemes. At 31 December 2021, the limited liability partnerships held assets of £7.4 billion. The limited liability partnerships are consolidated fully in the Group’s balance sheet. The Group has also established three private limited companies which hold assets to provide security for the Group’s obligations to the HBOS Final Salary Pension Scheme, a section of the Lloyds Bank Pension Scheme No. 1 and the Lloyds Bank Offshore Pension Scheme. At 31 December 2021 these held assets of £5.8 billion in aggregate. The private limited companies are consolidated fully in the Group’s balance sheet. The terms of these arrangements require the Group to maintain assets in these vehicles to agreed minimum values in order to secure obligations owed to the relevant Group pension schemes. The Group has satisfied this requirement during 2021. The last funding valuations of other Group schemes were carried out on a number of different dates. In order to report the position under IAS 19 as at 31 December 2021, the most recent valuation results for all schemes have been updated by qualified independent actuaries. The funding valuations use a more prudent approach to setting the discount rate and more conservative longevity assumptions than the IAS 19 valuations. In a judgment in 2018, the High Court confirmed the requirement to equalise the Guaranteed Minimum Pension (GMP) benefits of men and women accruing between 1990 and 1997 from contracting out of the State Earnings Related Pension Scheme. The Group recognised a past service cost of £108 million in respect of equalisation in 2018 and, following agreement of the detailed implementation approach with the Trustee, a further £33 million was recognised in 2019. A further hearing was held during 2020 which confirmed the extent of the Trustee's obligation to revisit past transfers out of the schemes. The amount of any additional liability as a result of this judgment is still being reviewed but is not considered likely to be material. (ii) Amounts in the financial statements The Group The Bank 2021 2020 2021 2020 £m £m £m £m Amount included in the balance sheet Present value of funded obligations (47,130) (49,549) (29,222) (30,597) Fair value of scheme assets 51,534 51,127 31,606 31,324 Net amount recognised in the balance sheet 4,404 1,578 2,384 727 The Group The Bank 2021 2020 2021 2020 £m £m £m £m Net amount recognised in the balance sheet At 1 January 1,578 550 727 347 Net defined benefit pension charge (234) (244) (113) (119) Actuarial gains (losses) on defined benefit obligation 1,267 (5,443) 553 (3,365) Return on plan assets 449 5,565 397 3,217 Employer contributions 1,344 1,149 821 647 Exchange and other adjustments — 1 (1) — At 31 December 4,404 1,578 2,384 727 The Group The Bank 2021 2020 2021 2020 £m £m £m £m Movements in the defined benefit obligation At 1 January (49,549) (45,241) (30,597) (28,072) Current service cost (213) (206) (100) (97) Interest expense (704) (914) (435) (568) Remeasurements: Actuarial (losses) gains – experience (426) 493 (431) 441 Actuarial losses – demographic assumptions (146) (218) (82) (282) Actuarial gains (losses) – financial assumptions 1,839 (5,718) 1,066 (3,524) Benefits paid 2,034 2,254 1,361 1,504 Past service cost (11) (5) (4) (2) Settlements 22 20 1 — Exchange and other adjustments 24 (14) (1) 3 At 31 December (47,130) (49,549) (29,222) (30,597) The Group The Bank 2021 2020 2021 2020 £m £m £m £m Analysis of the defined benefit obligation Active members (5,837) (6,550) (3,085) (3,415) Deferred members (16,167) (17,647) (9,527) (10,493) Pensioners (23,171) (23,409) (15,238) (15,311) Dependants (1,955) (1,943) (1,372) (1,378) At 31 December (47,130) (49,549) (29,222) (30,597) The Group The Bank 2021 2020 2021 2020 £m £m £m £m Changes in the fair value of scheme assets At 1 January 51,127 45,791 31,324 28,419 Return on plan assets excluding amounts included in interest income 449 5,565 397 3,217 Interest income 733 937 450 581 Employer contributions 1,344 1,149 821 647 Benefits paid (2,034) (2,254) (1,361) (1,504) Settlements (23) (22) (1) — Administrative costs paid (38) (54) (24) (33) Exchange and other adjustments (24) 15 — (3) At 31 December 51,534 51,127 31,606 31,324 The expense recognised in the income statement for the year ended 31 December comprises: The Group 2021 2020 2019 £m £m £m Current service cost 213 206 201 Net interest amount (29) (23) (48) Settlements 1 2 1 Past service cost – plan amendments 11 5 44 Plan administration costs incurred during the year 38 54 43 Total defined benefit pension expense 234 244 241 (iii) Composition of scheme assets 2021 2020 Quoted Unquoted Total Quoted Unquoted Total The Group £m £m £m £m £m £m Equity instruments 617 36 653 616 45 661 Debt instruments 1 : Fixed interest government bonds 10,512 — 10,512 11,328 — 11,328 Index-linked government bonds 23,969 — 23,969 21,058 — 21,058 Corporate and other debt securities 13,399 — 13,399 12,736 — 12,736 47,880 — 47,880 45,122 — 45,122 Property — 139 139 — 136 136 Pooled investment vehicles 1,192 13,346 14,538 650 13,022 13,672 Money market instruments, cash, derivatives 319 (11,995) (11,676) 812 (9,276) (8,464) At 31 December 50,008 1,526 51,534 47,200 3,927 51,127 1 Of the total debt instruments, £42,568 million (2020: £39,439 million) were investment grade (credit ratings equal to or better than ‘BBB’). 2021 2020 Quoted Unquoted Total Quoted Unquoted Total The Bank £m £m £m £m £m £m Equity instruments 424 24 448 423 34 457 Debt instruments 1 : Fixed interest government bonds 4,346 — 4,346 4,591 — 4,591 Index-linked government bonds 14,407 — 14,407 12,638 — 12,638 Corporate and other debt securities 8,105 — 8,105 7,878 — 7,878 26,858 — 26,858 25,107 — 25,107 Pooled investment vehicles 800 8,942 9,742 124 8,569 8,693 Money market instruments, cash, derivatives (154) (5,288) (5,442) 365 (3,298) (2,933) At 31 December 27,928 3,678 31,606 26,019 5,305 31,324 1 Of the total debt instruments, £23,627 million (2020: £21,938 million) were investment grade (credit ratings equal to or better than ‘BBB’). The assets of all the funded plans are held independently of the Group’s assets in separate trustee-administered funds. The pension schemes’ pooled investment vehicles comprise: The Group The Bank 2021 2020 2021 2020 £m £m £m £m Equity funds 3,696 3,169 2,616 2,044 Hedge and mutual funds 1,407 2,181 934 1,427 Alternative credit funds 3,884 4,072 2,476 2,620 Property funds 1,541 1,551 1,151 1,100 Infrastructure funds 1,389 1,405 645 620 Liquidity funds 2,031 847 1,488 598 Bond and debt funds 561 396 432 284 Other 29 51 — — At 31 December 14,538 13,672 9,742 8,693 The Trustee’s approach to investment is focused on acting in the members’ best financial interests, with the integration of ESG (Environmental, Social and Governance) considerations into investment management processes and practices. This policy is reviewed annually (or more frequently as required) and has been shared with the schemes’ investment managers for implementation. (iv) Assumptions The principal actuarial and financial assumptions used in valuations of the defined benefit pension schemes were as follows: 2021 2020 % % Discount rate 1.94 1.44 Rate of inflation: Retail Price Index (RPI) 3.21 2.80 Consumer Price Index (CPI) 2.92 2.41 Rate of salary increases 0.00 0.00 Weighted-average rate of increase for pensions in payment 2.88 2.61 On 25 November 2020 the Chancellor of the Exchequer announced the outcome of a consultation into a reform of the calculation of RPI. It is now expected that from 2030 RPI will be aligned with CPIH (the Consumer Price Index including owner-occupiers' housing costs). To determine the RPI assumption a term-dependent inflation curve has been used adjusting for an assumed inflation risk premium. In the period to 2030 a gap of 100 basis points has been assumed between RPI and CPI; thereafter no gap has been assumed. The RPI reform is subject to judicial review in 2022, and its outcome may impact these assumptions in the future. 2021 2020 Years Years Life expectancy for member aged 60, on the valuation date: Men 27.1 27.0 Women 29.1 29.0 Life expectancy for member aged 60, 15 years after the valuation date: Men 28.1 28.1 Women 30.3 30.2 The mortality assumptions used in the UK scheme valuations are based on standard tables published by the Institute and Faculty of Actuaries which were adjusted in line with the actual experience of the relevant schemes. The table shows that a member retiring at age 60 at 31 December 2021 is assumed to live for, on average, 27.1 years for a male and 29.1 years for a female. In practice there will be much variation between individual members but these assumptions are expected to be appropriate across all members. It is assumed that younger members will live longer in retirement than those retiring now. This reflects the expectation that mortality rates will continue to fall over time as medical science and standards of living improve. To illustrate the degree of improvement assumed, the table also shows the life expectancy for members aged 45 now, when they retire in 15 years’ time at age 60. The Group has considered the impact of COVID-19 and evidence to date indicates that this did not have a material impact on the defined benefit obligation. The Group uses the CMI mortality projections model and in line with actuarial industry recommendations has placed no weight on 2020 mortality experience. (v) Amount, timing and uncertainty of future cash flows Risk exposure of the defined benefit schemes While the Group is not exposed to any unusual, entity-specific or scheme-specific risks in its defined benefit pension schemes, it is exposed to a number of significant risks, detailed below: Inflation rate risk: The majority of the plans’ benefit obligations are linked to inflation both in deferment and once in payment. Higher inflation will lead to higher liabilities although this will be materially offset by holdings of inflation-linked gilts and, in most cases, caps on the level of inflationary increases are in place to protect against extreme inflation. Interest rate risk: The defined benefit obligation is determined using a discount rate derived from yields on AA-rated corporate bonds. A decrease in corporate bond yields will increase plan liabilities although this will be materially offset by an increase in the value of bond holdings and through the use of derivatives. Longevity risk: The majority of the schemes' obligations are to provide benefits for the life of the members so increases in life expectancy will result in an increase in the plans’ liabilities. Investment risk: Scheme assets are invested in a diversified portfolio of debt securities, equities and other return-seeking assets. If the assets underperform the discount rate used to calculate the defined benefit obligation, it will reduce the surplus or increase the deficit. Volatility in asset values and the discount rate will lead to volatility in the net pension asset on the Group’s balance sheet and in other comprehensive income. To a lesser extent this will also lead to volatility in the pension expense in the Group’s income statement. The ultimate cost of the defined benefit obligations to the Group will depend upon actual future events rather than the assumptions made. The assumptions made are unlikely to be borne out in practice and as such the cost may be higher or lower than expected. Sensitivity analysis The effect of reasonably possible changes in key assumptions on the value of scheme liabilities and the resulting pension charge in the Group’s income statement and on the net defined benefit pension scheme asset, for the Group’s three most significant schemes, is set out below. The sensitivities provided assume that all other assumptions and the value of the schemes’ assets remain unchanged, and are not intended to represent changes that are at the extremes of possibility. The calculations are approximate in nature and full detailed calculations could lead to a different result. It is unlikely that isolated changes to individual assumptions will be experienced in practice. Due to the correlation of assumptions, aggregating the effects of these isolated changes may not be a reasonable estimate of the actual effect of simultaneous changes in multiple assumptions. Effect of reasonably possible alternative assumptions The Group The Bank Increase (decrease) (Increase) decrease in the Increase (decrease) (Increase) decrease in the 2021 2020 2021 2020 2021 2020 2021 2020 £m £m £m £m £m £m £m £m Inflation (including pension increases) 1 : Increase of 0.1 per cent 12 11 481 531 7 6 309 337 Decrease of 0.1 per cent (12) (11) (475) (522) (7) (6) (306) (332) Discount rate 2 : Increase of 0.1 per cent (24) (20) (774) (866) (14) (12) (480) (534) Decrease of 0.1 per cent 23 19 795 890 13 11 492 548 Expected life expectancy of members: Increase of one year 44 39 1,934 2,146 27 23 1,253 1,370 Decrease of one year (42) (37) (1,852) (2,052) (26) (23) (1,200) (1,310) 1 At 31 December 2021, the assumed rate of RPI inflation is 3.21 per cent and CPI inflation 2.92 per cent (2020: RPI 2.80 per cent and CPI 2.41 per cent). 2 At 31 December 2021, the assumed discount rate is 1.94 per cent (2020: 1.44 per cent). Sensitivity analysis method and assumptions The sensitivity analysis above reflects the impact on the liabilities of the Group’s three most significant schemes which account for over 90 per cent of the Group’s defined benefit obligations. While differences in the underlying liability profiles for the remainder of the Group’s pension arrangements mean they may exhibit slightly different sensitivities to variations in these assumptions, the sensitivities provided above are indicative of the impact across the Group as a whole. The inflation assumption sensitivity applies to the assumed rate of increase in both the Consumer Price Index (CPI) and the Retail Price Index (RPI), and includes the impact on the rate of increases to pensions, both before and after retirement. These pension increases are linked to inflation (either CPI or RPI) subject to certain minimum and maximum limits. The sensitivity analysis (including the inflation sensitivity) does not include the impact of any change in the rate of salary increases as pensionable salaries have been frozen since 2 April 2014. The life expectancy assumption has been applied by allowing for an increase/decrease in life expectation from age 60 of one year, based upon the approximate weighted average age for each scheme. While this is an approximate approach and will not give the same result as a one year increase in life expectancy at every age, it provides an appropriate indication of the potential impact on the schemes from changes in life expectancy. There was no change in the methods and assumptions used in preparing the sensitivity analysis from the prior year. Asset-liability matching strategies The main schemes’ assets are invested in a diversified portfolio, consisting primarily of debt securities. The investment strategy is not static and will evolve to reflect the structure of liabilities within the schemes. Specific asset-liability matching strategies for each pension plan are independently determined by the responsible governance body for each scheme and in consultation with the employer. A significant goal of the asset-liability matching strategies adopted by Group schemes is to reduce volatility caused by changes in market expectations of interest rates and inflation. In the main schemes, this is achieved by investing scheme assets in bonds, primarily fixed interest gilts and index linked gilts, and by entering into interest rate and inflation swap arrangements. These investments are structured to take into account the profile of scheme liabilities and actively managed to reflect both changing market conditions and changes to the liability profile. At 31 December 2021 the asset-liability matching strategy mitigated around 117 per cent of the liability sensitivity to interest rate movements and around 126 per cent of the liability sensitivity to inflation movements. In addition, a small amount of interest rate sensitivity arises through holdings of corporate and other debt securities. The higher level of hedging provides greater protection to the funding position of the schemes. On 28 January 2020, the main schemes entered into a £10 billion longevity insurance arrangement to hedge part of the schemes’ exposure to unexpected increases in life expectancy. This arrangement forms part of the schemes’ investment portfolio and will provide income to the schemes in the event that pensions are paid out for longer than expected. The transaction was structured as a pass-through with Scottish Widows as the insurer, and onwards reinsurance to Pacific Life Re Limited. The valuation of the swap was £nil at inception and while there has been a slightly higher than expected number of deaths in the population covered by the arrangement, this has not had a material impact on the value of the swap. At 31 December 2021 the value of these swaps was £0.6 million, and is reflected in the value of scheme assets. On 28 January 2022, the Lloyds Bank Pension Scheme No 1 entered into an additional £5.5 billion longevity insurance arrangement. The transaction is structured as a pass-through with Scottish Widows as the insurer, and onwards reinsurance to SCOR SE – UK Branch. The valuation of the swap was £nil at inception. In total the schemes have now hedged around 25 per cent of their longevity risk exposure. Maturity profile of defined benefit obligation The following table provides information on the weighted average duration of the defined benefit pension obligation and the distribution and timing of benefit payments: The Group The Bank 2021 2020 2021 2020 Years Years Years Years Duration of the defined benefit obligation 17 19 16 17 Maturity analysis of benefits expected to be paid: The Group The Bank 2021 2020 2021 2020 £m £m £m £m Within 12 months 1,352 1,293 940 914 Between 1 and 2 years 1,450 1,350 1,013 940 Between 2 and 5 years 4,651 4,347 3,188 2,989 Between 5 and 10 years 8,993 8,301 6,029 5,547 Between 10 and 15 years 9,668 9,093 6,170 5,796 Between 15 and 25 years 18,671 17,485 11,499 10,590 Between 25 and 35 years 13,846 13,479 7,925 7,709 Between 35 and 45 years 6,987 7,162 3,485 3,645 In more than 45 years 2,116 2,287 774 874 Maturity analysis method and assumptions The projected benefit payments are based on the assumptions underlying the assessment of the obligations, including allowance for expected future inflation. They are shown in their undiscounted form and therefore appear large relative to the discounted assessment of the defined benefit obligations recognised in the Group’s balance sheet. They are in respect of benefits that have been accrued prior to the respective year-end date only and make no allowance for any benefits that may have been accrued subsequently. Defined contribution schemes The Group operates a number of defined contribution pension schemes in the UK and overseas, principally Your Tomorrow and the defined contribution sections of the Lloyds Bank Pension Scheme No. 1. During the year ended 31 December 2021 the charge to the income statement in respect of defined contribution schemes was £287 million (2020: £305 million; 2019: £273 million), representing the contributions payable by the employer in accordance with each scheme’s rules. Other post-retirement benefit schemes The Group operates a number of schemes which provide post-retirement healthcare benefits to certain employees, retired employees and their dependants. The principal scheme relates to former Lloyds Bank staff and under this scheme the Group has undertaken to meet the cost of post-retirement healthcare for all eligible former employees (and their dependants) who retired prior to 1 January 1996. The Group has entered into an insurance contract to provide these benefits and a provision has been made for the estimated cost of future insurance premiums payable. For the principal post-retirement healthcare scheme, the latest actuarial valuation of the liability was carried out at 31 December 2021 by qualified independent actuaries. The principal assumptions used were as set out above, except that the rate of increase in healthcare premiums has been assumed at 6.82 per cent (2020: 6.40 per cent). Movements in the other post-retirement benefits obligation: The Group The Bank 2021 2020 2021 2020 £m £m £m £m At 1 January (109) (126) (68) (85) Actuarial gains 4 16 1 15 Insurance premiums paid 3 4 2 3 Charge for the year (2) (3) (1) (2) Exchange and other adjustments 1 — 1 1 At 31 December (103) (109) (65) (68) |
DEFERRED TAX
DEFERRED TAX | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of deferred taxes [text block] [Abstract] | |
DEFERRED TAX | NOTE 28: DEFERRED TAX The Group’s and the Bank’s deferred tax assets and liabilities are as follows: The Group The Bank 2021 2020 2021 2020 £m £m £m £m Statutory position Deferred tax assets 4,048 3,468 2,434 2,109 Deferred tax liabilities — — — — Net deferred tax asset at 31 December 4,048 3,468 2,434 2,109 Tax disclosure Deferred tax assets 6,377 5,327 3,861 3,042 Deferred tax liabilities (2,329) (1,859) (1,427) (933) Net deferred tax asset at 31 December 4,048 3,468 2,434 2,109 The statutory position reflects the deferred tax assets and liabilities as disclosed in the consolidated balance sheet and takes into account the ability of the Group and the Bank to net assets and liabilities where there is a legally enforceable right of offset. The tax disclosure of deferred tax assets and liabilities ties to the amounts outlined in the tables below which splits the deferred tax assets and liabilities by type, before such netting. Finance Act 2021, which was substantively enacted on 24 May 2021, increases the rate of corporation tax from 19 per cent to 25 per cent with effect from 1 April 2023. The impact of this rate change is an increase in the Group’s net deferred tax asset as at 31 December 2021 of £942 million, comprising a £1,168 million credit included in the income statement and a £226 million charge included in equity. The tax credit in 2020 included an uplift in deferred tax assets following the announcement by the UK Government that it would maintain the corporation tax rate at 19 per cent. On 27 October 2021, the UK Government announced its intention to decrease the rate of banking surcharge from 8 per cent to 3 per cent with effect from 1 April 2023. This change was substantively enacted on 2 February 2022 and its impact on deferred tax is therefore not included in these financial statements. Had this change in banking surcharge rate been substantively enacted at 31 December 2021, the impact would have been to recognise a £3 million deferred tax charge in the income statement and an £83 million credit within other comprehensive income, increasing the Group's net deferred tax asset by £80 million. Movements in deferred tax assets and liabilities (before taking into consideration the offsetting of balances within the same taxing jurisdiction) can be summarised as follows: The Group Tax losses Property, Provisions Share-based Pension Derivatives Asset 1 Other Total £m £m £m £m £m £m £m £m £m At 1 January 2020 3,600 670 225 32 53 19 — 132 4,731 Credit (charge) to the income statement 454 8 4 (5) 6 (12) 28 94 577 Credit (charge) to other comprehensive income — — 22 — (3) — — — 19 At 31 December 2020 4,054 678 251 27 56 7 28 226 5,327 Credit (charge) to the income statement 964 82 13 (10) 15 30 (28) (50) 1,016 Credit (charge) to other comprehensive income — — 36 — (2) — — — 34 At 31 December 2021 5,018 760 300 17 69 37 — 176 6,377 The Group Capitalised Acquisition Pension Derivatives Asset 1 Other Total £m £m £m £m £m £m £m At 1 January 2020 (21) (483) (150) (562) (38) (111) (1,365) (Charge) credit to the income statement (207) 147 (77) (106) (22) (94) (359) (Charge) credit to other comprehensive income — — (165) (31) 60 — (136) Exchange and other adjustments — — — — — 1 1 At 31 December 2020 (228) (336) (392) (699) — (204) (1,859) (Charge) credit to the income statement (47) (16) (93) (65) 2 (115) (334) (Charge) credit to other comprehensive income — — (846) 764 (54) — (136) At 31 December 2021 (275) (352) (1,331) — (52) (319) (2,329) 1 Financial assets at fair value through other comprehensive income. The Bank Tax losses Property, Provisions Share-based Pension Other Total £m £m £m £m £m £m £m At 1 January 2020 2,198 343 128 19 33 13 2,734 Credit (charge) to the income statement 309 (38) 10 (1) 1 9 290 Credit (charge) to other comprehensive income — — 22 — (4) — 18 At 31 December 2020 2,507 305 160 18 30 22 3,042 Credit (charge) to the income statement 683 101 14 (8) 6 (13) 783 Credit to other comprehensive income — — 36 — — — 36 At 31 December 2021 3,190 406 210 10 36 9 3,861 The Bank Capitalised Pension Derivatives Asset 1 Other Total £m £m £m £m £m £m At 1 January 2020 (19) (97) (536) (36) (17) (705) (Charge) credit to the income statement (193) (5) 1 (9) 12 (194) (Charge) credit to other comprehensive income — (105) 30 40 — (35) Exchange and other adjustments — — — — 1 1 At 31 December 2020 (212) (207) (505) (5) (4) (933) Charge to the income statement (44) (8) (1) (1) (54) (Charge) credit to other comprehensive income — (584) 190 (46) — (440) At 31 December 2021 (256) (799) (316) (52) (4) (1,427) 1 Financial assets at fair value through other comprehensive income. At 31 December 2021 the Group carried net deferred tax assets on its balance sheet of £4,048 million (2020: £3,468 million) and the Bank carried deferred tax assets of £2,434 million (2020: £2,109 million) principally relating to tax losses carried forward. Estimation of income taxes includes the assessment of recoverability of deferred tax assets. Deferred tax assets are only recognised to the extent that they are considered more likely than not to be recoverable based on existing tax laws and forecasts of future taxable profits against which the underlying tax deductions can be utilised. The Group has recognised a deferred tax asset of £5,018 million (2020: £4,054 million), and the Bank £3,190 million (2020: £2,507 million) in respect of trading losses carried forward. Substantially all of these losses have arisen in Bank of Scotland plc and Lloyds Bank plc, and they will be utilised as taxable profits arise in those legal entities in future periods. The Group’s expectations of future UK taxable profits require management judgement, and take into account the Group’s long-term financial and strategic plans and anticipated future tax-adjusting items. In making this assessment, account is taken of business plans, the Board-approved operating plan and the expected future economic outlook as set out in the strategic report, as well as the risks associated with future regulatory, climate-related and other change, in order to produce a base case forecast of future UK taxable profits. Under current law there is no expiry date for UK trading losses not yet utilised, and given the forecast of future profitability and the Group’s commitment to the UK market, in management's judgement it is more likely than not that the value of the losses will be recovered by the Group while still operating as a going concern. Banking tax losses that arose before 1 April 2015 can only be used against 25 per cent of taxable profits arising after 1 April 2016, and they cannot be used to reduce the surcharge on banking profits. These restrictions in utilisation mean that the value of the deferred tax asset in respect of tax losses is only expected to be fully recovered by 2047 (2020: 2049) in the base case forecast. The rate of recovery of the Group’s tax loss asset is not a straight line, being affected by the relative profitability of the legal entities in future periods, and the relative size of their tax losses carried forward. It is expected in the base case that 60 per cent of the value will be recovered by 2034, when Bank of Scotland plc will have utilised all of its available tax losses. It is possible that future tax law changes could materially affect the timing of recovery and the value of these losses ultimately realised by the Group. The value of the deferred tax asset in respect of tax losses increased by £1,156 million in 2021 as a result of the change in UK tax rates. Deferred tax not recognised Deferred tax assets of £151 million (2020: £104 million) for the Group and £116 million (2020: £90 million) for the Bank have not been recognised in respect of £593 million for the Group and £453 million for the Bank of UK tax losses and other temporary differences which can only be used to offset future capital gains. UK capital losses can be carried forward indefinitely. No deferred tax asset was recognised in 2020 in respect of unrelieved foreign tax credits of £46 million for the Group and £7 million for the Bank, as there were no expected profits against which the credits could be utilised. The formal closure of the branches in respect of which these credits arose means that the credits have now been extinguished. No deferred tax has been recognised in respect of foreign trade losses where it is not more likely than not that we will be able to utilise them in future periods. Of the asset not recognised, £34 million for the Group and nil for the Bank (2020: £34 million for the Group and £nil for the Bank) relates to losses that will expire if not used within 20 years, and £5 million for the Group and £3 million for the Bank (2020: £43 million for the Group and £4 million for the Bank) relates to losses with no expiry date. As a result of parent company exemptions on dividends from subsidiaries and on capital gains on disposal there are no significant taxable temporary differences associated with investments in subsidiaries, branches, associates and joint arrangements. |
OTHER PROVISIONS
OTHER PROVISIONS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of other provisions [text block] [Abstract] | |
OTHER PROVISIONS | NOTE 29: OTHER PROVISIONS The Group The Bank Provisions Regulatory Other Total Provisions Regulatory Other Total £m £m £m £m £m £m £m £m At 1 January 2021 426 520 776 1,722 245 140 583 968 Exchange and other adjustments (1) 37 (9) 27 3 — (1) 2 Provisions applied — (680) (260) (940) — (190) (213) (403) (Release) charge for the year (231) 1,177 178 1,124 (134) 196 142 204 At 31 December 2021 194 1,054 685 1,933 114 146 511 771 Provisions for financial commitments and guarantees Provisions are recognised for expected credit losses on undrawn loan commitments and financial guarantees. See also note 15. Regulatory and legal provisions In the course of its business, the Group is engaged in discussions with the PRA, FCA and other UK and overseas regulators and other governmental authorities on a range of matters. The Group also receives complaints in connection with its past conduct and claims brought by or on behalf of current and former employees, customers, investors and other third parties and is subject to legal proceedings and other legal actions. Where significant, provisions are held against the costs expected to be incurred in relation to these matters and matters arising from related internal reviews. During the year ended 31 December 2021 the Group charged a further £1,177 million in respect of legal actions and other regulatory matters, including a charge in respect of HBOS Reading and charges for other legacy programmes. The unutilised balance at 31 December 2021 was £1,054 million (31 December 2020: £520 million). The most significant items are as follows. HBOS Reading – review The Group completed its compensation assessment for those within the Customer Review in 2019 with more than £109 million of compensation paid, in addition to £15 million for ex-gratia payments and £6 million for the reimbursement of legal fees. The Group is now applying the recommendations from Sir Ross Cranston’s review, issued in December 2019, including a reassessment of direct and consequential losses by an independent panel (the Foskett Panel), an extension of debt relief and a wider definition of de facto directors. The appeal process for the further assessment of debt relief and de facto director status is now nearing completion. Further details of the Foskett Panel were announced on 3 April 2020 and the Foskett Panel's full scope and methodology was published on 7 July 2020. The Foskett Panel’s stated objective is to consider cases via a non-legalistic and fair process and to make their decisions in a generous, fair and common sense manner, assessing claims against an expanded definition of the fraud and on a lower evidential basis. Following the emergence of the first outcomes of the Foskett Panel through 2021, the Group has charged a further £790 million in the year ended 31 December 2021, of which £600 million was recognised in the fourth quarter. This includes operational costs in relation to Dame Linda Dobbs' review, which is considering whether the issues relating to HBOS Reading were investigated and appropriately reported by the Group during the period from January 2009 to January 2017, and other programme costs. A significant proportion of the fourth quarter charge relates to the estimated future awards from the Foskett Panel. To date the Foskett Panel has shared outcomes on a limited subset of the total population which covers a wide range of businesses and different claim characteristics. The estimated awards provision recognised is therefore materially dependent on the assumption that the limited number of awards to date are representative of the full population of cases. The 2021 charge increases the lifetime cost to £1,225 million. The final outcome could be significantly different from the current provision once the re-review is concluded by the Foskett Panel. There is no confirmed timeline for the completion of the Foskett Panel re-review process. The Group is committed to implementing Sir Ross's recommendations in full. Payment protection insurance The Group has made provisions for PPI costs over a number of years totalling £21,906 million. Good progress continues to be made towards ensuring operational completeness, ahead of an orderly programme close. At 31 December 2021, a provision of £20 million remained outstanding (excluding amounts related to MBNA), with total cash payments of £178 million during the year. In addition to the above provision, the Group continues to challenge PPI litigation cases, with mainly legal fees and operational costs associated with litigation activity recognised within regulatory and legal provisions, including a charge in the fourth quarter. PPI litigation remains inherently uncertain, with a number of key Court judgments due to be delivered in 2022. Arrears handling related activities To date the Group has provided a total of £1,026 million for arrears handling activities. The unutilised balance at 31 December 2021 was £26 million. Other Following the sale of TSB Banking Group plc, the Group raised a provision of £665 million in relation to various ongoing commitments in respect of the divestment. At 31 December £90 million remained unutilised; the Group expects the majority of the remaining provision to be utilised in the next twelve months and the provision to be fully utilised by 31 December 2025. The Group carries provisions of £114 million in respect of dilapidations, rent reviews and other property-related matters. Provisions are also made for staff and other costs related to Group restructuring initiatives at the point at which the Group becomes committed to the expenditure; at 31 December 2021 provisions of £187 million (31 December 2020: £196 million) were held. The Group carries provisions of £78 million (2020: £112 million) for indemnities and other matters relating to legacy business disposals in prior years. Whilst there remains significant uncertainty as to the timing of the utilisation of the provisions, the Group expects the majority of the remaining provisions to have been utilised by 31 December 2026. |
SUBORDINATED LIABILITIES
SUBORDINATED LIABILITIES | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of subordinated liabilities [text block] [Abstract] | |
SUBORDINATED LIABILITIES | NOTE 30: SUBORDINATED LIABILITIES The movement in subordinated liabilities during the year was as follows: Preferred Undated Dated Total The Group £m £m £m £m At 1 January 2020 3,267 516 8,803 12,586 Issued during the year 1 : 2.6787% Fixed rate bond due 2025 — — 303 303 £914,633,000 2.73% Dated Subordinated Fixed Rate Reset Notes due 2035 — — 471 471 £393,939,000 2.61% Dated Subordinated Fixed Rate Reset Notes due 2035 — — 293 293 — — 1,067 1,067 Repurchases and redemptions during the year 1 : 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) (119) — — (119) 13% Sterling Step-up Perpetual Capital Securities callable 2029 (£700 million) (519) — — (519) 7.281% Perpetual Regulatory Tier One Securities (Series B) (£150 million) (123) — — (123) 6.85% Non-cumulative Perpetual Preferred Securities (US$1,000 million) (580) — — (580) 7.881% Guaranteed Non-voting Non-cumulative Preferred Securities (£245 million) (289) — — (289) 6.5% Dated Subordinated Notes 2020 (€1,500 million) — — (1,464) (1,464) 4.50% Fixed Rate Step-up Subordinated Notes due 2030 (€309 million) — — (276) (276) 5.75% Subordinated Fixed to Floating Rate Notes 2025 callable 2020 (£350 million) — — (370) (370) 6.50% Subordinated Fixed Rate Notes 2020 (US$2,000 million) — — (674) (674) Subordinated Floating Rate Notes 2020 (€100 million) — — (90) (90) 9.625% Subordinated Bonds 2023 (£300 million) — — (240) (240) 7.375% Dated Subordinated Notes 2020 — — (4) (4) (1,630) — (3,118) (4,748) Foreign exchange movements (59) 15 105 61 Other movements (cash and non-cash) 194 (26) 108 276 At 31 December 2020 1,772 505 6,965 9,242 Issued during the year 1 : 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) — — 1,074 1,074 3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) — — 888 888 2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) — — 1,300 1,300 — — 3,262 3,262 Repurchases and redemptions during the year 1 : 7.754% Non-cumulative Perpetual Preferred Securities (Class B) (£150 million) (156) — — (156) Series 2 (US$500 million) — (94) — (94) Series 3 (US$600 million) — (120) — (120) Floating Rate Primary Capital Notes (US$250 million) — (24) — (24) Series 1 (US$750 million) — (97) — (97) 9.375% Subordinated Bonds 2021 (£500 million) — — (200) (200) 5.374% Subordinated Fixed Rate Notes 2021 (€160 million) — — (145) (145) 4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) — — (1,122) (1,122) 6% Subordinated Notes 2033 (US$750 million) — — (216) (216) 4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) — — (612) (612) 4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) (1,004) (1,004) (156) (335) (3,299) (3,790) Foreign exchange movements 17 — (80) (63) Other movements (cash and non-cash) 28 — (21) 7 At 31 December 2021 1,661 170 6,827 8,658 1 Issuances in the year generated cash inflows of £3,262 million (2020: £303 million); the repurchases and redemptions resulted in cash outflows of £3,745 million (2020: £4,156 million). Cash payments in respect of interest on subordinated liabilities in the year amounted to £525 million (2020: £852 million). Certain of the above securities were issued or redeemed under exchange offers, which did not result in an extinguishment of the original financial liability for accounting purposes. Preferred Undated Dated Total The Bank £m £m £m £m At 1 January 2020 2,234 425 7,250 9,909 Issued in the year: 2.6787% Fixed rate bond due 2025 — — 303 303 £914,633,000 2.73% Dated Subordinated Fixed Rate Reset Notes due 2035 — — 517 517 £393,939,000 2.61% Dated Subordinated Fixed Rate Reset Notes due 2035 — — 394 394 — — 1,214 1,214 Repurchases and redemptions during the year 1 : 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) (119) — — (119) 13% Sterling Step-up Perpetual Capital Securities callable 2029 (£700 million) (519) — — (519) 6.5% Dated Subordinated Notes 2020 (€1,500 million) — — (1,464) (1,464) 5.75% Subordinated Fixed to Floating Rate Notes 2025 callable 2020 (£350 million) — — (370) (370) 6.50% Subordinated Fixed Rate Notes 2020 (US$2,000 million) — — (674) (674) Subordinated Floating Rate Notes 2020 (€100 million) — — (90) (90) 9.625% Subordinated Bonds 2023 (£300 million) — — (240) (240) 7.375% Dated Subordinated Notes 2020 — — (4) (4) (638) — (2,842) (3,480) Foreign exchange movements (43) (10) 50 (3) Other movements (cash and non-cash) 19 (1) 93 111 At 31 December 2020 1,572 414 5,765 7,751 Issued in the year: 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) — — 1,074 1,074 3.724% Dated Subordinated Fixed Rate Reset notes 2041 (£500 million) — — 888 888 2.754% Dated Subordinated Fixed Rate Reset notes 2032 (US$1,750 million) — — 1,300 1,300 — — 3,262 3,262 Repurchases and redemptions during the year 1 : Series 2 (US$500 million) — (94) — (94) Series 3 (US$600 million) — (120) — (120) Series 1 (US$750 million) — (96) — (96) 4.553% Subordinated Fixed Rate Note 2021 (US$1,500 million) — — (1,122) (1,122) 4.293% Subordinated Fixed Rate Note 2021 (US$824 million) — — (612) (612) 4.503% Subordinated Fixed Rate Note 2021 (US$1,353 million) — — (1,004) (1,004) — (310) (2,738) (3,048) Foreign exchange movements 17 (1) (40) (24) Other movements (cash and non-cash) 37 (1) (70) (34) At 31 December 2021 1,626 102 6,179 7,907 1 Issuances in the year generated cash inflows of £3,262 million (2020: £496 million); the repurchases and redemptions resulted in cash outflows of £3,049 million (2020: £2,726 million). Cash payments in respect of interest on subordinated liabilities in the year amounted to £423 million (2020: £759 million). Certain of the above securities were issued or redeemed under exchange offers, which did not result in an extinguishment of the original financial liability for accounting purposes. These securities will, in the event of the winding-up of the issuer, be subordinated to the claims of depositors and all other creditors of the issuer, other than creditors whose claims rank equally with, or are junior to, the claims of the holders of the subordinated liabilities. The subordination of specific subordinated liabilities is determined in respect of the issuer and any guarantors of that liability. The claims of holders of preference shares and preferred securities are generally junior to those of the holders of undated subordinated liabilities, which in turn are junior to the claims of holders of the dated subordinated liabilities. Neither the Group nor the Bank has had any defaults of principal, interest or other breaches with respect to its subordinated liabilities during 2021 (2020: none). |
SHARE CAPITAL
SHARE CAPITAL | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of classes of share capital [text block] [Abstract] | |
SHARE CAPITAL | NOTE 31: SHARE CAPITAL (1) Authorised share capital As permitted by the Companies Act 2006, the Bank has removed references to authorised share capital from its articles of association. (2) Issued and fully paid ordinary shares The Group and the Bank 2021 2020 2019 2021 2020 2019 Number of shares Number of shares Number of shares £m £m £m Ordinary shares of £1 each At 1 January 1,574,285,752 1,574,285,751 1,574,285,751 1,574 1,574 1,574 Issued in the year — 1 — — — — At 31 December 1,574,285,752 1,574,285,752 1,574,285,751 1,574 1,574 1,574 (3) Share capital and control There are no limitations on voting rights or restrictions on the transfer of shares in the Bank other than as set out in the articles of association, and certain restrictions which may from time to time be imposed by law and regulations (for example, insider trading laws). Ordinary shares The holders of ordinary shares are entitled to receive the Bank’s report and accounts, attend, speak and vote at general meetings and appoint proxies to exercise voting rights. Holders of ordinary shares may also receive a dividend (subject to the provisions of the Bank’s articles of association) and on a winding up may share in the assets of the Bank. Issued and fully paid preference shares The Bank has in issue various classes of preference shares which are all classified as liabilities under accounting standards. |
SHARE PREMIUM ACCOUNT
SHARE PREMIUM ACCOUNT | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure For Share Premium Account Explanatory [Abstract] | |
SHARE PREMIUM ACCOUNT | NOTE 32: SHARE PREMIUM ACCOUNT The Group and the Bank 2021 2020 2019 £m £m £m At 1 January and 31 December 600 600 600 |
OTHER RESERVES
OTHER RESERVES | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of reserves within equity [text block] [Abstract] | |
OTHER RESERVES | NOTE 33: OTHER RESERVES The Group The Bank 2021 2020 2019 2021 2020 2019 £m £m £m £m £m £m Merger reserve 1 6,348 6,348 6,348 — — — Revaluation reserve in respect of debt securities held at fair value through other comprehensive income (362) (558) (538) 105 14 103 Revaluation reserve in respect of equity shares held at fair value through other comprehensive income — — — — — — Cash flow hedging reserve (451) 1,507 1,556 720 1,367 1,607 Foreign currency translation reserve (135) (116) (116) (1) 1 — At 31 December 5,400 7,181 7,250 824 1,382 1,710 1 There has been no movements in this reserve in 2021, 2020 or 2019. The merger reserve arose on the transfer of HBOS plc from the Bank’s ultimate holding company in January 2010. The revaluation reserves in respect of debt securities and equity shares held at fair value through other comprehensive income represent the cumulative after-tax unrealised change in the fair value of financial assets so classified since initial recognition; or in the case of financial assets obtained on acquisitions of businesses, since the date of acquisition. The cash flow hedging reserve represents the cumulative after-tax gains and losses on effective cash flow hedging instruments that will be reclassified to the income statement in the periods in which the hedged item affects profit or loss. The foreign currency translation reserve represents the cumulative after-tax gains and losses on the translation of foreign operations and exchange differences arising on financial instruments designated as hedges of the Group’s net investment in foreign operations. Movements in other reserves were as follows: The Group The Bank Revaluation reserve in respect of debt securities held at fair value through other comprehensive income 2021 2020 2019 2021 2020 2019 £m £m £m £m £m £m At 1 January (558) (538) (379) 14 103 281 Change in fair value 137 46 (34) 139 12 (50) Deferred tax (44) 29 11 (47) (8) 13 Current tax — (2) — — — — 93 73 (23) 92 4 (37) Income statement transfers in respect of disposals (note 8) 116 (145) (196) (2) (138) (201) Deferred tax (11) 47 61 — 44 61 105 (98) (135) (2) (94) (140) Impairment recognised in the income statement (2) 5 (1) 1 1 (1) At 31 December (362) (558) (538) 105 14 103 The Group The Bank Revaluation reserve in respect of equity shares held at fair value through other comprehensive income 2021 2020 2019 2021 2020 2019 £m £m £m £m £m £m At 1 January — — — — — — Change in fair value — — — — — — Deferred tax 1 (16) 12 1 4 12 1 (16) 12 1 4 12 Realised gains and losses transferred to retained profits — — — — — — Deferred tax (1) 16 (12) (1) (4) (12) (1) 16 (12) (1) (4) (12) At 31 December — — — — — — The Group The Bank 2021 2020 2019 2021 2020 2019 Cash flow hedging reserve £m £m £m £m £m £m At 1 January 1,507 1,556 1,110 1,367 1,607 1,268 Change in fair value of hedging derivatives (2,138) 709 1,166 (438) 85 892 Deferred tax 606 (229) (290) 82 (66) (217) (1,532) 480 876 (356) 19 675 Net income statement transfers (584) (727) (580) (399) (355) (448) Deferred tax 158 198 150 108 96 112 (426) (529) (430) (291) (259) (336) At 31 December (451) 1,507 1,556 720 1,367 1,607 The Group The Bank 2021 2020 2019 2021 2020 2019 Foreign currency translation reserve £m £m £m £m £m £m At 1 January (116) (116) (114) 1 — (6) Currency translation differences arising in the year (19) — (2) (2) 1 6 Income statement transfers — — — — — — At 31 December (135) (116) (116) (1) 1 — |
RETAINED PROFITS
RETAINED PROFITS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of Retained Profits [Abstract] | |
RETAINED PROFIT | NOTE 34: RETAINED PROFITS The Group The Bank 2021 2020 2019 2021 2020 2019 £m £m £m £m £m £m At 1 January 25,750 24,549 27,321 42,677 42,470 45,051 Profit attributable to ordinary shareholders (see below for the Bank) 4,826 1,023 2,515 3,249 224 2,165 Dividends paid (note 36) (2,900) — (4,100) (2,900) — (4,100) Capital contributions received 164 140 229 164 140 229 Return of capital contributions (4) (4) (5) (4) (4) (5) Realised gains and losses on equity shares held at fair value through other comprehensive income 1 (16) 12 1 4 12 Issue of other equity instruments (1) — — (1) — — Redemptions of other equity instruments (9) — — (9) — — Change in non-controlling interests (1) — — — — — Post-retirement defined benefit scheme remeasurements 1,062 113 (1,117) 556 (102) (576) Gains and losses attributable to own credit risk (net of tax) 1 (52) (55) (306) (52) (55) (306) At 31 December 28,836 25,750 24,549 43,681 42,677 42,470 1 During 2020 the Group derecognised, on redemption, financial liabilities on which cumulative fair value movements relating to own credit of £1 million net of tax (2021: £nil; 2019: £nil), had been recognised directly in retained profits. The profit after tax of the Bank was arrived at as follows: 2021 2020 2019 £m £m £m Net interest income 4,606 4,519 5,684 Net fee and commission income 848 655 743 Dividends received 1,391 44 1,331 Net trading and other operating income 1,956 2,952 2,169 Other income 4,195 3,651 4,243 Total income 8,801 8,170 9,927 Operating expenses (6,273) (5,828) (6,333) Impairment credit (charge) 773 (1,898) (503) Profit before tax 3,301 444 3,091 Tax credit (expense) 292 197 (645) Profit for the year 3,593 641 2,446 Profit attributable to ordinary shareholders 3,249 224 2,165 Profit attributable to other equity holders 344 417 281 Profit for the year 3,593 641 2,446 |
OTHER EQUITY INSTRUMENTS
OTHER EQUITY INSTRUMENTS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Other Equity Instruments Explanatory [Abstract] | |
OTHER EQUITY INSTRUMENTS | NOTE 35: OTHER EQUITY INSTRUMENTS The Group and the Bank 2021 2020 2019 £m £m £m At 1 January 5,935 4,865 3,217 Issued in the year: £500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities 500 — — £750 million Floating Rate Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities 750 — — £300 million Floating Rate Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities 300 — — US$500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities — 383 — €750 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities — 687 — £500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities — — 496 US$1,500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities — — 1,152 1,550 1,070 1,648 Redemptions (3,217) — — Profit for the year attributable to other equity holders 344 417 281 Distributions on other equity instruments (344) (417) (281) At 31 December 4,268 5,935 4,865 The Bank has in issue £4,268 million of Sterling, Dollar and Euro Additional Tier 1 (AT1) securities to Lloyds Banking Group plc. The AT1 securities are fixed rate resetting or floating rate Perpetual Subordinated Permanent Write-Down Securities with no fixed maturity or redemption date. The principal terms of the AT1 securities are described below: – The securities rank behind the claims against the Bank of unsubordinated creditors on a winding-up – The fixed rate reset securities bear a fixed rate of interest until the first call date. After the initial call date, in the event that they are not redeemed, the fixed rate reset AT1 securities will bear interest at rates fixed periodically in advance. The floating rate AT1 securities will be reset quarterly both prior to and following the first call date – Interest on the securities will be due and payable only at the sole discretion of the Bank and the Bank may at any time elect to cancel any interest payment (or any part thereof) which would otherwise be payable on any interest payment date. There are also certain restrictions on the payment of interest as specified in the terms – The securities are undated and are repayable, at the option of the Bank, in whole at the first call date, or at any interest payment date thereafter. In addition, the AT1 securities are repayable, at the option of the Bank, in whole for certain regulatory or tax reasons. Any repayments require the prior consent of the PRA – The securities will be subject to a Permanent Write Down should the Common Equity Tier 1 ratio of the Bank fall below 7.0 per cent |
DIVIDENDS ON ORDINARY SHARES
DIVIDENDS ON ORDINARY SHARES | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of dividends [text block] [Abstract] | |
DIVIDENDS ON ORDINARY SHARES | NOTE 36: DIVIDENDS ON ORDINARY SHARES Dividends paid during the year were as follows: 2021 2020 2019 £m £m £m Interim dividends 2,900 — 4,100 |
SHARE-BASED PAYMENTS
SHARE-BASED PAYMENTS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of share-based payment arrangements [text block] [Abstract] | |
SHARE-BASED PAYMENTS | NOTE 37: SHARE-BASED PAYMENTS During the year ended 31 December 2021 Lloyds Banking Group plc operated a number of share-based payment schemes for which employees of the Lloyds Bank Group were eligible and all of which are equity settled. Details of all schemes operated by Lloyds Banking Group are set out below; these are managed and operated on a Lloyds Banking Group-wide basis. The amount charged to the Group’s income statement in respect of Lloyds Banking Group share-based payment schemes, and which is included within staff costs (note 9), was £229 million (2020: £181 million; 2019: £337 million). During the year ended 31 December 2021 the Lloyds Banking Group operated the following share-based payment schemes, all of which are equity settled. Group Performance Share plan The Group operates a Group Performance Share plan that is equity settled. Bonuses in respect of employee service in 2021 have been recognised in the charge in line with the proportion of the deferral period completed. Save-As-You-Earn schemes Eligible employees may enter into contracts through the Save-As-You-Earn (SAYE) schemes to save up to £500 per month and, at the expiry of a fixed term of three years, have the option to use these savings within six months of the expiry of the fixed term to acquire shares in the Group at a discounted price of no less than 80 per cent (90 per cent for the 2020 and 2021 plans) of the market price at the start of the invitation. Movements in the number of share options outstanding under the SAYE schemes are set out below: 2021 2020 Number Weighted Number Weighted Outstanding at 1 January 1,120,138,915 30.39 1,068,094,073 44.55 Granted 236,923,744 39.40 779,229,797 24.25 Exercised (6,924,434) 30.57 (255,706,663) 47.51 Forfeited (22,815,078) 28.78 (6,938,102) 43.30 Cancelled (51,479,310) 32.57 (389,767,675) 42.24 Expired (95,280,546) 49.03 (74,772,515) 47.26 Outstanding at 31 December 1,180,563,291 30.63 1,120,138,915 30.39 Exercisable at 31 December 336,561 51.03 792,741 47.49 The weighted average share price at the time that the options were exercised during 2021 was £0.47 (2020: £0.61). The weighted average remaining contractual life of options outstanding at the end of the year was 2.46 years (2020: 2.98 years). The weighted average fair value of SAYE options granted during 2021 was £0.09 (2020: £0.05). The fair values of the SAYE options have been determined using a standard Black-Scholes model. Other share option plans Lloyds Banking Group Executive Share Plan 2003 The Plan was adopted in December 2003 and under the Plan share options may be granted to senior employees. Options under this plan have been granted specifically to facilitate recruitment (to compensate new recruits for any lost share awards), and also to make grants to key individuals for retention purposes. In some instances, grants may be made subject to individual performance conditions. Participants are not entitled to any dividends paid during the vesting period. 2021 2020 Number Weighted Number Weighted Outstanding at 1 January 6,666,372 Nil 7,634,638 Nil Granted 5,308,496 Nil 1,990,449 Nil Exercised (5,129,115) Nil (2,122,302) Nil Vested — Nil (47,337) Nil Forfeited (385,184) Nil (111,100) Nil Lapsed (558,679) Nil (677,976) Nil Outstanding at 31 December 5,901,890 Nil 6,666,372 Nil Exercisable at 31 December 708,939 Nil 3,150,407 Nil The weighted average fair value of options granted in the year was £0.45 (2020: £0.33). The fair values of options granted have been determined using a standard Black-Scholes model. The weighted average share price at the time that the options were exercised during 2021 was £0.44 (2020: £0.36). The weighted average remaining contractual life of options outstanding at the end of the year was 4.3 years (2020: 4.1 years). Other share plans Lloyds Banking Group Executive Group Ownership Share Plan The plan, introduced in 2006, is aimed at delivering shareholder value by linking the receipt of shares to an improvement in the performance of the Group over a three At the end of the performance period for the 2018 grant, the targets had not been fully met and therefore these awards vested in 2021 at a rate of 33.75 per cent. 2021 2020 Number Number Outstanding at 1 January 533,987,527 459,904,745 Granted — 211,214,605 Vested (39,621,415) (47,775,806) Forfeited (144,437,243) (96,015,542) Dividend award 944,758 6,659,525 Outstanding at 31 December 350,873,627 533,987,527 Awards in respect of the 2019 grant are due to vest in 2022 at a rate of 41.80 per cent. In previous years participants were entitled to any dividends paid in the vesting period. However, following a regulatory change prohibiting the payment of dividend on such awards, the number of shares awarded has been determined by applying a share price adjusted to exclude the value of estimated future dividends. The weighted average fair value of the awards granted in 2020 was £0.28. Lloyds Banking Group Long Term Share Plan The plan, introduced in 2021, which replaced the Executive Group Ownership Share Plan, is intended to provide alignment to our aim of delivering sustainable returns to shareholders, supported by our values and behaviours. 2021 Number Granted 83,456,304 Forfeited (5,573,236) Outstanding at 31 December 77,883,068 The weighted average fair value of awards granted in the year was £0.36. Chief Financial Officer buyout William Chalmers joined the Group on 3 June 2019 and was appointed as Chief Financial Officer on 1 August 2019 on the retirement of George Culmer. He was granted deferred share awards over 4,086,632 shares, to replace unvested awards from his former employer, Morgan Stanley, that were forfeited as a result of him joining the Group. 2021 2020 Number Number Outstanding at 1 January 1,810,712 3,268,460 Exercised (1,124,627) (1,457,748) Outstanding at 31 December 686,085 1,810,712 Group Chief Executive buyout Charlie Nunn joined the Group on 16 August 2021 as Group Chief Executive. He was granted deferred share awards over 8,301,708 shares to replace unvested awards from his former employer, HSBC, that were forfeited as a result of him joining the Group. 2021 Number Granted 8,301,708 Exercised (856,921) Outstanding at 31 December 7,444,787 The weighted average fair value of awards granted in 2021 was £0.40. Assumptions at 31 December 2021 The fair value calculations at 31 December 2021 for grants made in the year, using Black-Scholes models and Monte Carlo simulation, are based on the following assumptions: SAYE Executive Long Term Share Plan Group Chief Executive buyout Weighted average risk-free interest rate 0.49% 0.12% 0.16% 0.26% Weighted average expected life 3.3 years 1.3 years 3.4 years 2.8 years Weighted average expected volatility 28% 30% 31% 31% Weighted average expected dividend yield 3.1% 3.2% 3.1% 3.1% Weighted average share price £0.45 £0.47 £0.40 £0.44 Weighted average exercise price £0.39 Nil Nil Nil Expected volatility is a measure of the amount by which the Group’s shares are expected to fluctuate during the life of an option. The expected volatility is estimated based on the historical volatility of the closing daily share price over the most recent period that is commensurate with the expected life of the option. The historical volatility is compared to the implied volatility generated from market traded options in the Group’s shares to assess the reasonableness of the historical volatility and adjustments made where appropriate. Share Incentive Plan Free shares An award of shares may be made annually to employees up to a maximum of £3,600. The shares awarded are held in trust for a mandatory period of three three On 25 March 2021, the Group made an award of 1,017 (2020: 676) shares to all eligible employees. The number of shares awarded was 67,658,976 (2020: 45,612,424), with an average fair value of £0.42 (2020: £0.30) based on the market price at the date of award. Matching shares The Group undertakes to match shares purchased by employees up to the value of £45 per month; these matching shares are held in trust for a mandatory period of three years on the employee’s behalf, during which period the employee is entitled to any dividends paid on such shares. The award is subject to a non-market based condition: if an employee leaves within this three-year period for other than a ‘good’ reason, all of the matching shares are forfeited. Similarly, if the employees sell their purchased shares within three years, their matching shares are forfeited. The number of shares awarded relating to matching shares in 2021 was 46,621,026 (2020: 62,262,140), with an average fair value of £0.44 (2020: £0.34), based on market prices at the date of award. Fixed share awards Fixed share awards were introduced in 2014 in order to ensure that total fixed remuneration is commensurate with role and to provide a competitive reward package for certain Lloyds Banking Group employees, with an appropriate balance of fixed and variable remuneration, in line with regulatory requirements. The fixed share awards are delivered in Lloyds Banking Group shares, released over five The fixed share award is not subject to any performance conditions, performance adjustment or clawback. On an employee leaving the Group, there is no change to the timeline for which shares will become unrestricted. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of related party [text block] [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 38: RELATED PARTY TRANSACTIONS Key management personnel Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of an entity; the Group’s key management personnel are the members of the Lloyds Banking Group plc Group Executive Committee together with its Non-Executive Directors. The table below details, on an aggregated basis, key management personnel compensation: 2021 2020 2019 £m £m £m Compensation Salaries and other short-term benefits 10 12 14 Share-based payments 14 12 14 Total compensation 24 24 28 The aggregate of the emoluments of the directors was £10.6 million (2020: £11.8 million; 2019: £11.7 million). Aggregate company contributions in respect of key management personnel to defined contribution pension schemes were £nil (2020: £nil; 2019: £nil). The total for the highest paid director (Sir António Horta-Osório) was £3,117,000 (2020: Juan Colombás: £4,169,000; 2019: Sir António Horta-Osório: £4,078,000); this did not include any gain on exercise of Lloyds Banking Group plc shares in any year. 2021 2020 2019 million million million Share options over Lloyds Banking Group plc shares At 1 January — — — Granted, including certain adjustments (includes entitlements of appointed key management personnel) — — — Exercised/lapsed (includes entitlements of former key management personnel) — — — At 31 December — — — 2021 2020 2019 million million million Share plans settled in Lloyds Banking Group plc shares At 1 January 117 101 84 Granted, including certain adjustments (includes entitlements of appointed key management personnel) 19 46 46 Exercised/lapsed (includes entitlements of former key management personnel) (62) (30) (29) At 31 December 74 117 101 The tables below detail, on an aggregated basis, balances outstanding at the year end and related income and expense, together with information relating to other transactions between the Group and its key management personnel: 2021 2020 2019 £m £m £m Loans At 1 January 2 2 2 Advanced (includes loans of appointed key management personnel) 1 — 1 Repayments (includes loans of former key management personnel) — — (1) At 31 December 3 2 2 The loans are on both a secured and unsecured basis and are expected to be settled in cash. The loans attracted interest rates of between 0.39 per cent and 22.93 per cent in 2021 (2020: 0.39 per cent and 24.20 per cent; 2019: 6.45 per cent and 24.20 per cent). No provisions have been recognised in respect of loans given to key management personnel (2020 and 2019: £nil). 2021 2020 2019 £m £m £m Deposits At 1 January 11 23 20 Placed (includes deposits of appointed key management personnel) 26 26 44 Withdrawn (includes deposits of former key management personnel) (26) (38) (41) At 31 December 11 11 23 Deposits placed by key management personnel attracted interest rates of up to 1.0 per cent (2020: 2.0 per cent; 2019: 3.0 per cent). At 31 December 2021, the Group did not provide any guarantees in respect of key management personnel (2020 and 2019: none). At 31 December 2021, transactions, arrangements and agreements entered into by the Group and its banking subsidiaries with Directors and connected persons included amounts outstanding in respect of loans and credit card transactions of £0.6 million with five Directors and two connected persons (2020: £0.6 million with five Directors and two connected persons; 2019: £0.6 million with five Directors and two connected persons). Balances and transactions with fellow Lloyds Banking Group undertakings Balances and transactions between members of the Lloyds Bank Group In accordance with IFRS 10 Consolidated Financial Statements , transactions and balances between the Bank and its subsidiary undertakings, and between those subsidiary undertakings, have all been eliminated on consolidation and thus are not reported as related party transactions of the Group. The Bank, as a result of its position as parent of a banking group, has a large number of transactions with various of its subsidiary undertakings; these are included on the balance sheet of the Bank as follows: 2021 2020 £m £m Assets, included within: Financial assets at fair value through profit or loss 3,404 1,203 Derivative financial instruments 3,299 7,077 Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings 107,907 128,241 114,610 136,521 Liabilities, included within: Due to fellow Lloyds Banking Group undertakings 21,540 33,170 Financial liabilities at fair value through profit or loss — — Derivative financial instruments 2,508 4,738 Debt securities in issue 59 20 24,107 37,928 Due to the size and volume of transactions passing through these accounts, it is neither practical nor meaningful to disclose information on gross inflows and outflows. During 2021 the Bank earned interest income on the above asset balances of £1,933 million (2020: £1,995 million; 2019: £2,491 million) and incurred interest expense on the above liability balances of £327 million (2020: £336 million; 2019: £655 million). In addition, the Bank raised recharges of £1,609 million (2020: £1,403 million; 2019: £1,461 million) on its subsidiaries in respect of costs incurred and also received fees of £70 million (2020: £56 million; 2019: £62 million), and paid fees of £31 million (2020: £26 million; 2019: £57 million), for various services provided between the Bank and its subsidiaries. Details of contingent liabilities and commitments entered into on behalf of fellow Lloyds Banking Group undertakings are given in note 39. Balances and transactions with Lloyds Banking Group plc and fellow subsidiaries of the Bank The Bank and its subsidiaries have balances due to and from the Bank’s parent company, Lloyds Banking Group plc and fellow subsidiaries of the Bank. These are included on the balance sheet as follows: The Group The Bank 2021 2020 2021 2020 £m £m £m £m Assets, included within: Derivative financial instruments 634 690 634 690 Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings 739 738 517 530 1,373 1,428 1,151 1,220 Liabilities, included within: Due to fellow Lloyds Banking Group undertakings 1,490 6,875 1,332 6,666 Financial liabilities at fair value through profit or loss — — 3,318 1,121 Derivative financial instruments 939 1,424 633 972 Debt securities in issue 17,961 12,686 14,650 11,551 Subordinated liabilities 5,176 4,599 5,311 4,745 25,566 25,584 25,244 25,055 These balances include Lloyds Banking Group plc’s banking arrangements and, due to the size and volume of transactions passing through these accounts, it is neither practical nor meaningful to disclose information on gross inflows and outflows. During 2021 the Group earned £11 million and the Bank earned £11 million interest income on the above asset balances (2020: Group £5 million, Bank £5 million; 2019: Group £20 million, Bank £20 million); the Group incurred £500 million and the Bank incurred £468 million interest expense on the above liability balances (2020: Group £478 million, Bank £461 million; 2019: Group £520 million, Bank £509 million). Other related party transactions Pension funds The Group provides banking services to certain of its pension funds. At 31 December 2021, customer deposits of £480 million (2020: £151 million) related to the Group’s pension funds. Joint ventures and associates At 31 December 2021 there were loans and advances to customers of £14 million (2020: £28 million) outstanding and balances within customer deposits of £22 million (2020: £73 million) relating to joint ventures and associates. During the year the Group paid fees of £7 million (2020: £7 million) to the Lloyds Banking Group's Schroders Personal Wealth joint venture and also made a payment of £10 million (2020: £20 million) under the terms of agreements put in place on the establishment of the joint venture. |
CONTINGENT LIABILITIES, COMMITM
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of commitments and contingent liabilities [text block] [Abstract] | |
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES | NOTE 39: CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES Interchange fees With respect to multi-lateral interchange fees (MIFs), the Lloyds Banking Group is not involved in the ongoing litigation which involves the card schemes Visa and Mastercard (as described below). However, the Group is a member/licensee of Visa and Mastercard and other card schemes. The litigation in question is as follows: – Litigation brought by retailers against both Visa and Mastercard continues in the English Courts, in which retailers are seeking damages on grounds that Visa and Mastercard's MIFs breached competition law (this includes a judgment of the Supreme Court in June 2020 upholding the Court of Appeal's finding in 2018 that historic interchange arrangements of Mastercard and Visa infringed competition law) – Litigation brought on behalf of UK consumers in the English Courts against Mastercard Any impact on the Group of the litigation against Visa and Mastercard remains uncertain at this time, such that it is not practicable for the Group to provide an estimate of any potential financial effect. Insofar as Visa is required to pay damages to retailers for interchange fees set prior to June 2016, contractual arrangements to allocate liability have been agreed between various UK banks (including the Lloyds Banking 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 Lloyds Banking Group may be subject and this cap is set at the cash consideration received by the Lloyds Banking Group for the sale of its stake in Visa Europe to Visa Inc in 2016. In 2016, the Group received Visa preference shares as part of the consideration for the sale of its shares in Visa Europe. In 2020, some of these Visa preference shares were converted into Visa Inc Class A common stock (in accordance with the provisions of the Visa Europe sale documentation) and they were subsequently sold by the Group. The sale has no impact on this contingent liability. LIBOR and other trading rates Certain Lloyds Banking Group companies, together with other panel banks, have been named as defendants in ongoing private lawsuits, including purported class action suits, in the US in connection with their roles as panel banks contributing to the setting of US Dollar, Japanese Yen and Sterling London Interbank Offered Rate and the Australian BBSW reference rate. Certain Lloyds Banking 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 Lloyds Banking Group in the UK relating 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 Lloyds Banking Group of any private lawsuits or any related challenges to the interpretation or validity of any of the Lloyds Banking Group's contractual arrangements, including their timing and scale. As such, it is not practicable to provide an estimate of any potential financial effect. 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 its interpretation of the UK rules means that the group relief is not available. In 2020, HMRC concluded their enquiry into the matter and issued a closure notice. The Lloyds Banking Group's interpretation of the UK rules has not changed and hence it has appealed to the First Tier Tax Tribunal, with a hearing expected in 2022. If the final determination of the matter by the judicial process is that HMRC’s position is correct, management estimate that this would result in an increase in current tax liabilities of approximately £730 million (including interest) and a reduction in deferred tax assets of approximately £330 million. The Lloyds Banking Group, having taken appropriate advice, does not consider that this is a case where additional tax will ultimately fall due. There are a number of other open matters on which the Group is in discussions with HMRC (including the tax treatment of certain costs arising from the divestment of TSB Banking Group plc), none of which is expected to have a material impact on the financial position of the Group. Other legal actions and regulatory matters In addition, during the ordinary course of business the Group is subject to other complaints and threatened or actual legal proceedings (including class or group action claims) brought by or on behalf of current or former employees, customers, investors or other third parties, as well as legal and regulatory reviews, challenges, investigations and enforcement actions, which could relate to a number of issues, including financial, environmental or other regulatory matters, both in the UK and overseas. Where material, such matters are periodically reassessed, with the assistance of external professional advisers where appropriate, to determine the likelihood of the Group incurring a liability. In those instances where it is concluded that it is more likely than not that a payment will be made, a provision is established based on 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. Where there is a contingent liability related to an existing provision the relevant disclosures are included within note 29. Contingent liabilities, commitments and guarantees arising from the banking business The Group The Bank 2021 2020 2021 2020 £m £m £m £m Contingent liabilities Acceptances and endorsements 21 73 21 73 Other: Other items serving as direct credit substitutes 433 221 375 203 Performance bonds, including letters of credit, and other transaction-related contingencies 1,886 2,070 1,681 1,817 2,319 2,291 2,056 2,020 Total contingent liabilities 2,340 2,364 2,077 2,093 The Bank 2021 2020 £m £m Incurred on behalf of fellow Lloyds Banking Group undertakings — 1 The contingent liabilities of the Group and the Bank arise in the normal course of banking business and it is not practicable to quantify their future financial effect. The Group The Bank 2021 2020 2021 2020 £m £m £m £m Commitments and guarantees Documentary credits and other short-term trade-related transactions — 1 — — Forward asset purchases and forward deposits placed 60 124 55 96 Undrawn formal standby facilities, credit lines and other commitments to lend: Less than 1 year original maturity: Mortgage offers made 17,757 20,128 1,001 1,720 Other commitments and guarantees 79,830 82,151 29,871 32,832 97,587 102,279 30,872 34,552 1 year or over original maturity 30,037 31,194 27,063 28,118 Total commitments and guarantees 127,684 133,598 57,990 62,766 The Bank 2021 2020 £m £m Incurred on behalf of fellow Lloyds Banking Group undertakings 3,055 3,659 Of the amounts shown above in respect of undrawn formal standby facilities, credit lines and other commitments to lend, £55,690 million (2020: £59,240 million) for the Group and £30,653 million (2020: £32,847 million) for the Bank were irrevocable. Capital commitments Excluding commitments of the Group in respect of investment property (note 21), capital expenditure contracted but not provided for at 31 December 2021 amounted to £1,034 million (2020: £501 million) for the Group and £nil (2020: £nil) for the Bank. Of this amount for the Group, £1,034 million (2020: £501 million) related to assets to be leased to customers under operating leases. The Group’s management is confident that future net revenues and funding will be sufficient to cover these commitments. |
STRUCTURED ENTITIES
STRUCTURED ENTITIES | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of unconsolidated structured entities [abstract] | |
STRUCTURED ENTITIES | NOTE 40: STRUCTURED ENTITIES The Group’s interests in structured entities are consolidated. Details of the Group’s interests in these structured entities are set out in note 25 for securitisations and covered bond vehicles, note 27 for structured entities associated with the Group’s pension schemes, and below. Asset-backed conduits In addition to the structured entities discussed in note 25, which are used for securitisation and covered bond programmes, the Group sponsors an active asset-backed conduit, Cancara, which invests in client receivables and debt securities. The total consolidated exposure of Cancara at 31 December 2021 was £1,669 million (2020: £2,490 million), comprising £889 million of loans and advances (2020: £1,695 million) and £780 million of debt securities (2020: £795 million). All lending assets and debt securities held by the Group in Cancara are restricted in use, as they are held by the collateral agent for the benefit of the commercial paper investors and the liquidity providers only. The Group provides liquidity facilities to Cancara under terms that are usual and customary for standard lending activities in the normal course of the Group’s banking activities. During 2021 there have continued to be planned drawdowns on certain liquidity facilities for balance sheet management purposes, supporting the programme to provide funding alongside the proceeds of the asset-backed commercial paper issuance. The Group could be asked to provide support under the contractual terms of these arrangements including, for example, if Cancara experienced a shortfall in external funding, which may occur in the event of market disruption. The external assets in Cancara are consolidated in the Group’s financial statements. |
FINANCIAL INSTRUMENTS
FINANCIAL INSTRUMENTS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of financial instruments [text block] [Abstract] | |
FINANCIAL INSTRUMENTS | NOTE 41: FINANCIAL INSTRUMENTS (1) Measurement basis of financial assets and liabilities The accounting policies in note 2 describe how different classes of financial instruments are measured, and how income and expenses, including fair value gains and losses, are recognised. The following tables analyse the carrying amounts of the financial assets and liabilities by category and by balance sheet heading. Derivatives Mandatorily held at Designated At fair value Held at Total Held for Other The Group £m £m £m £m £m £m £m At 31 December 2021 Financial assets Cash and balances at central banks — — — — — 54,279 54,279 Items in the course of collection from banks — — — — — 147 147 Financial assets at fair value through profit or loss — — 1,798 — — — 1,798 Derivative financial instruments 55 5,456 — — — — 5,511 Loans and advances to banks and reverse repurchase agreements — — — — — 7,474 7,474 Loans and advances to customers and reverse repurchase agreements — — — — — 477,541 477,541 Debt securities — — — — — 4,562 4,562 Due from fellow Lloyds Banking Group undertakings — — — — — 739 739 Financial assets at amortised cost — — — — — 490,316 490,316 Financial assets at fair value through other comprehensive income — — — — 27,786 — 27,786 Total financial assets 55 5,456 1,798 — 27,786 544,742 579,837 Financial liabilities Deposits from banks and repurchase agreements — — — — — 33,448 33,448 Customer deposits and repurchase agreements — — — — — 449,394 449,394 Due to fellow Lloyds Banking Group undertakings — — — — — 1,490 1,490 Items in course of transmission to banks — — — — — 308 308 Financial liabilities at fair value through profit or loss — — — 6,537 — — 6,537 Derivative financial instruments 315 4,328 — — — — 4,643 Notes in circulation — — — — — 1,321 1,321 Debt securities in issue — — — — — 48,724 48,724 Other — — — — — 1,411 1,411 Subordinated liabilities — — — — — 8,658 8,658 Total financial liabilities 315 4,328 — 6,537 — 544,754 555,934 Derivatives Mandatorily held at Designated At fair value Held at Total Held for Other The Group £m £m £m £m £m £m £m At 31 December 2020 Financial assets Cash and balances at central banks — — — — — 49,888 49,888 Items in the course of collection from banks — — — — — 300 300 Financial assets at fair value through profit or loss — — 1,674 — — — 1,674 Derivative financial instruments 674 7,667 — — — — 8,341 Loans and advances to banks and reverse repurchase agreements — — — — — 5,950 5,950 Loans and advances to customers and reverse repurchase agreements — — — — — 480,141 480,141 Debt securities — — — — — 5,137 5,137 Due from fellow Lloyds Banking Group undertakings — — — — — 738 738 Financial assets at amortised cost — — — — — 491,966 491,966 Financial assets at fair value through other comprehensive income — — — — 27,260 — 27,260 Total financial assets 674 7,667 1,674 — 27,260 542,154 579,429 Financial liabilities Deposits from banks and repurchase agreements — — — — — 24,997 24,997 Customer deposits and repurchase agreements — — — — — 434,569 434,569 Due to fellow Lloyds Banking Group undertakings — — — — — 6,875 6,875 Items in course of transmission to banks — — — — — 302 302 Financial liabilities at fair value through profit or loss — 3 — 6,828 — — 6,831 Derivative financial instruments 590 7,638 — — — — 8,228 Notes in circulation — — — — — 1,305 1,305 Debt securities in issue — — — — — 59,293 59,293 Other — — — — — 1,592 1,592 Subordinated liabilities — — — — — 9,242 9,242 Total financial liabilities 590 7,641 — 6,828 — 538,175 553,234 Derivatives Mandatorily held at Designated At fair value Held at Total Held for Other The Bank £m £m £m £m £m £m £m At 31 December 2021 Financial assets Cash and balances at central banks — — — — — 49,618 49,618 Items in the course of collection from banks — — — — — 99 99 Financial assets at fair value through profit or loss — — 4,529 — — — 4,529 Derivative financial instruments 37 6,861 — — — — 6,898 Loans and advances to banks and reverse repurchase agreements — — — — — 7,287 7,287 Loans and advances to customers and reverse repurchase agreements — — — — — 163,428 163,428 Debt securities — — — — — 3,756 3,756 Due from fellow Lloyds Banking Group undertakings — — — — — 108,424 108,424 Financial assets at amortised cost — — — — — 282,895 282,895 Financial assets at fair value through other comprehensive income — — — — 25,529 — 25,529 Total financial assets 37 6,861 4,529 — 25,529 332,612 369,568 Financial liabilities Deposits from banks and repurchase agreements — — — — — 2,825 2,825 Customer deposits and repurchase agreements — — — — — 268,704 268,704 Due to fellow Lloyds Banking Group undertakings — — — — — 22,872 22,872 Items in course of transmission to banks — — — — — 207 207 Financial liabilities at fair value through profit or loss — — — 9,821 — — 9,821 Derivative financial instruments 310 5,792 — — — — 6,102 Debt securities in issue — — — — — 38,439 38,439 Other — — — — — 777 777 Subordinated liabilities — — — — — 7,907 7,907 Total financial liabilities 310 5,792 — 9,821 — 341,731 357,654 Derivatives Mandatorily held at Designated At fair value Held at Total Held for Other The Bank £m £m £m £m £m £m £m At 31 December 2020 Financial assets Cash and balances at central banks — — — — — 45,753 45,753 Items in the course of collection from banks — — — — — 257 257 Financial assets at fair value through profit or loss — — 1,724 — — — 1,724 Derivative financial instruments 242 12,353 — — — — 12,595 Loans and advances to banks and reverse repurchase agreements — — — — — 5,656 5,656 Loans and advances to customers and reverse repurchase agreements — — — — — 178,269 178,269 Debt securities — — — — — 4,315 4,315 Due from fellow Lloyds Banking Group undertakings — — — — — 128,771 128,771 Financial assets at amortised cost — — — — — 317,011 317,011 Financial assets at fair value through other comprehensive income — — — — 24,647 — 24,647 Total financial assets 242 12,353 1,724 — 24,647 363,021 401,987 Financial liabilities Deposits from banks and repurchase agreements — — — — — 10,304 10,304 Customer deposits and repurchase agreements — — — — — 264,473 264,473 Due to fellow Lloyds Banking Group undertakings — — — — — 39,836 39,836 Items in course of transmission to banks — — — — — 199 199 Financial liabilities at fair value through profit or loss — 2 — 7,905 — — 7,907 Derivative financial instruments 289 10,783 — — — — 11,072 Debt securities in issue — — — — — 48,109 48,109 Other — — — — — 885 885 Subordinated liabilities — — — — — 7,751 7,751 Total financial liabilities 289 10,785 — 7,905 — 371,557 390,536 (2) Fair value measurement Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is a measure as at a specific date and may be significantly different from the amount which will actually be paid or received on maturity or settlement date. Wherever possible, fair values have been calculated using unadjusted quoted market prices in active markets for identical instruments held by the Group. Where quoted market prices are not available, or are unreliable because of poor liquidity, fair values have been determined using valuation techniques which, to the extent possible, use market observable inputs, but in some cases use non-market observable inputs. Valuation techniques used include discounted cash flow analysis and pricing models and, where appropriate, comparison to instruments with characteristics similar to those of the instruments held by the Group. The Group measures valuation adjustments for its derivative exposures on the same basis as the derivatives are managed. 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. Because a variety of estimation techniques are employed and significant estimates made, comparisons of fair values between financial institutions may not be meaningful. Readers of these financial statements are thus advised to use caution when using this data to evaluate the Group’s financial position. Fair value information is not provided for items that are not financial instruments or for other assets and liabilities which are not carried at fair value in the Group’s consolidated balance sheet. These items include intangible assets, such as brands and acquired credit card relationships; premises and equipment; and shareholders’ equity. These items are material and accordingly the Group believes that any fair value information presented would not represent the underlying value of the Group. Valuation control framework The key elements of the control framework for the valuation of financial instruments include model validation, product implementation review and independent price verification. These functions are carried out by appropriately skilled risk and finance teams, independent of the business area responsible for the products. Model validation covers both qualitative and quantitative elements relating to new models. In respect of new products, a product implementation review is conducted pre and post-trading. Pre-trade testing ensures that the new model is integrated into the Group’s systems and that the profit and loss and risk reporting are consistent throughout the trade lifecycle. Post-trade testing examines the explanatory power of the implemented model, actively monitoring model parameters and comparing in-house pricing to external sources. Independent price verification procedures cover financial instruments carried at fair value. The frequency of the review is matched to the availability of independent data, monthly being the minimum. Valuation differences in breach of established thresholds are escalated to senior management. The results from independent pricing and valuation reserves are reviewed monthly by senior management. Formal committees, consisting of senior risk, finance and business management, meet at least quarterly to discuss and approve valuations in more judgemental areas, in particular for unquoted equities, structured credit, over-the-counter options and the credit valuation adjustment (CVA), funding valuation adjustment (FVA) and other valuation adjustments. Valuation of financial assets and liabilities Assets and liabilities carried at fair value or for which fair values are disclosed have been classified into three levels according to the quality and reliability of information used to determine the fair values. Level 1 Level 1 fair value measurements are those derived from unadjusted quoted prices in active markets for identical assets or liabilities. Products classified as level 1 predominantly comprise listed equity shares, treasury bills and other government securities. Level 2 Level 2 valuations are those where quoted market prices are not available, for example where the instrument is traded in a market that is not considered to be active or valuation techniques are used to determine fair value and where these techniques use inputs that are based significantly on observable market data. Examples of such financial instruments include most over-the-counter derivatives, financial institution issued securities, certificates of deposit and certain asset-backed securities. Level 3 Level 3 portfolios are those where at least one input which could have a significant effect on the instrument’s valuation is not based on observable market data. Such instruments would include any unlisted equity investments which are valued using various valuation techniques that require significant management judgement in determining appropriate assumptions, including earnings multiples and estimated future cash flows. Certain of the Group’s asset-backed securities and derivatives, principally where there is no trading activity in such securities, are also classified as level 3. Transfers out of the level 3 portfolio arise when inputs that could have a significant impact on the instrument’s valuation become market observable after previously having been non-market observable. In the case of asset-backed securities this can arise if more than one consistent independent source of data becomes available. Conversely, transfers into the portfolio arise when consistent sources of data cease to be available. (3) Financial assets and liabilities carried at fair value (A) Financial assets, excluding derivatives Valuation hierarchy At 31 December 2021, the Group’s financial assets carried at fair value, excluding derivatives, totalled £29,584 million (2020: £28,934 million). The table below analyses these financial assets by balance sheet classification, asset type and valuation methodology (level 1, 2 or 3, as described on page F-93). The fair value measurement approach is recurring in nature. There were no significant transfers between level 1 and 2 during the year. Level 1 Level 2 Level 3 Total The Group £m £m £m £m At 31 December 2021 Financial assets at fair value through profit or loss Loans and advances to customers — 1,164 395 1,559 Equity shares 235 — 4 239 Total financial assets at fair value through profit or loss 235 1,164 399 1,798 Financial assets at fair value through other comprehensive income Debt securities: Government securities 14,599 — — 14,599 Asset-backed securities — — 55 55 Corporate and other debt securities 640 12,491 — 13,131 15,239 12,491 55 27,785 Equity shares — — 1 1 Total financial assets at fair value through other comprehensive income 15,239 12,491 56 27,786 Total financial assets carried at fair value, excluding derivatives 15,474 13,655 455 29,584 At 31 December 2020 Financial assets at fair value through profit or loss Loans and advances to customers — — 1,511 1,511 Equity shares 159 4 — 163 Total financial assets at fair value through profit or loss 159 4 1,511 1,674 Financial assets at fair value through other comprehensive income Debt securities: Government securities 14,267 — — 14,267 Asset-backed securities — — 65 65 Corporate and other debt securities 491 12,437 — 12,928 14,758 12,437 65 27,260 Equity shares — — — — Total financial assets at fair value through other comprehensive income 14,758 12,437 65 27,260 Total financial assets carried at fair value, excluding derivatives 14,917 12,441 1,576 28,934 Level 1 Level 2 Level 3 Total The Bank £m £m £m £m At 31 December 2021 Financial assets at fair value through profit or loss Loans and advances to customers — 1,088 33 1,121 Corporate and other debt securities — 3,404 — 3,404 Equity shares — — 4 4 Total financial assets at fair value through profit or loss — 4,492 37 4,529 Financial assets at fair value through other comprehensive income Debt securities: Government securities 14,445 — — 14,445 Corporate and other debt securities 640 10,444 — 11,084 15,085 10,444 — 25,529 Total financial assets at fair value through other comprehensive income 15,085 10,444 — 25,529 Total financial assets carried at fair value, excluding derivatives 15,085 14,936 37 30,058 At 31 December 2020 Financial assets at fair value through profit or loss Loans and advances to customers — — 517 517 Corporate and other debt securities — 1,203 — 1,203 Equity shares — 4 — 4 Total financial assets at fair value through profit or loss — 1,207 517 1,724 Financial assets at fair value through other comprehensive income Debt securities: Government securities 14,114 — — 14,114 Corporate and other debt securities 491 10,042 — 10,533 14,605 10,042 — 24,647 Total financial assets at fair value through other comprehensive income 14,605 10,042 — 24,647 Total financial assets carried at fair value, excluding derivatives 14,605 11,249 517 26,371 Movements in level 3 portfolio The table below analyses movements in level 3 financial assets, excluding derivatives, carried at fair value (recurring measurement). 2021 2020 Financial Financial Total level 3 Financial Financial Total level 3 The Group £m £m £m £m £m £m At 1 January 1,511 65 1,576 1,829 60 1,889 Exchange and other adjustments 2 (2) — 85 3 88 Gains recognised in the income statement within other income (72) — (72) 20 — 20 Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income — (2) (2) — 4 4 Purchases/increases to customer loans 397 — 397 303 — 303 Sales/repayments of customer loans (794) (5) (799) (677) (2) (679) Transfers into the level 3 portfolio 4 — 4 — — — Transfers out of the level 3 portfolio (649) — (649) (49) — (49) At 31 December 399 56 455 1,511 65 1,576 Gains (losses) recognised in the income statement, within other income, relating to the change in fair value of those assets held at 31 December (60) — (60) 103 — 103 2021 2020 Financial Financial Total level 3 Financial Financial Total level 3 The Bank £m £m £m £m £m £m At 1 January 517 — 517 409 — 409 Exchange and other adjustments 5 — 5 101 — 101 Gains recognised in the income statement within other income 6 — 6 5 — 5 (Losses) gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income — — — — — — Purchases/increases to customer loans 393 — 393 258 — 258 Sales/repayments of customer loans (499) — (499) (207) — (207) Transfers into the level 3 portfolio 4 — 4 — — — Transfers out of the level 3 portfolio (389) — (389) (49) — (49) At 31 December 37 — 37 517 — 517 Gains (losses) recognised in the income statement, within other income, relating to the change in fair value of those assets held at 31 December 11 — 11 106 — 106 Valuation methodology for financial assets, excluding derivatives Loans and advances to customers and banks The fair value of these assets is determined using discounted cash flow techniques. The discount rates are derived from market observable interest rates, a risk margin that reflects loan credit ratings and an incremental illiquidity premium based on historical spreads at origination on similar loans. Debt securities Debt securities measured at fair value and classified as level 2 are valued by discounting expected cash flows using an observable credit spread applicable to the particular instrument. Where there is limited trading activity in debt securities, the Group uses valuation models, consensus pricing information from third-party pricing services and broker or lead manager quotes to determine an appropriate valuation. Debt securities are classified as level 3 if there is a significant valuation input that cannot be corroborated through market sources or where there are materially inconsistent values for an input. Asset classes classified as level 3 mainly comprise certain collateralised loan obligations and collateralised debt obligations. (B) Financial liabilities, excluding derivatives Valuation hierarchy At 31 December 2021, the Group’s financial liabilities carried at fair value, excluding derivatives, comprised its financial liabilities at fair value through profit or loss and totalled £6,537 million (2020: £6,831 million). The table below analyses these financial liabilities by balance sheet classification and valuation methodology (level 1, 2 or 3, as described on page F-93). The fair value measurement approach is recurring in nature. There were no significant transfers between level 1 and 2 during the year. Level 1 Level 2 Level 3 Total The Group £m £m £m £m At 31 December 2021 Financial liabilities at fair value through profit or loss Debt securities in issue designated at fair value through profit or loss — 6,504 33 6,537 Trading liabilities: Other deposits — — — — Short positions in securities — — — — — — — — Total financial liabilities carried at fair value, excluding derivatives — 6,504 33 6,537 At 31 December 2020 Financial liabilities at fair value through profit or loss Debt securities in issue designated at fair value through profit or loss — 6,783 45 6,828 Trading liabilities: Other deposits — 2 — 2 Short positions in securities 1 — — 1 1 2 — 3 Total financial liabilities carried at fair value, excluding derivatives 1 6,785 45 6,831 Level 1 Level 2 Level 3 Total The Bank £m £m £m £m At 31 December 2021 Financial liabilities at fair value through profit or loss Debt securities in issue designated at fair value through profit or loss — 9,821 — 9,821 Trading liabilities: Other deposits — — — — Total financial liabilities carried at fair value, excluding derivatives — 9,821 — 9,821 At 31 December 2020 Financial liabilities at fair value through profit or loss Debt securities in issue designated at fair value through profit or loss — 7,905 — 7,905 Trading liabilities: Other deposits — 2 — 2 Total financial liabilities carried at fair value, excluding derivatives — 7,907 — 7,907 Movements in level 3 portfolio The table below analyses movements in the level 3 financial liabilities portfolio, excluding derivatives. 2021 2020 The Group £m £m At 1 January 45 47 Gains recognised in the income statement within other income (5) — Redemptions (7) (2) At 31 December 33 45 Gains recognised in the income statement, within other income, relating to the change in fair value of those liabilities held at 31 December (4) — Valuation methodology for financial liabilities, excluding derivatives Liabilities held at fair value through profit or loss These principally comprise debt securities in issue which are classified as level 2 and their fair value is determined using techniques whose inputs are based on observable market data. The carrying amount of the securities is adjusted to reflect the effect of changes in own credit spreads and the resulting gain or loss is recognised in other comprehensive income. In the year ended 31 December 2021, the own credit adjustment arising from the fair valuation of £6,537 million (2020: £6,828 million) of the Group’s debt securities in issue designated at fair value through profit or loss resulted in a loss of £86 million (2020: loss of £75 million), before tax, recognised in other comprehensive income. Trading liabilities in respect of securities sold under repurchase agreements The fair value of these liabilities is determined using discounted cash flow techniques. The discount rates are derived from observable repo curves specific to the type of security sold under the repurchase agreement. (C) Derivatives Valuation hierarchy All of the Group’s derivative assets and liabilities are carried at fair value. At 31 December 2021, such assets totalled £5,511 million for the Group and £6,898 million for the Bank (2020: £8,341 million for the Group and £12,595 million for the Bank) and liabilities totalled £4,643 million for the Group and £6,102 million for the Bank (2020: £8,228 million for the Group and £11,072 million for the Bank). The table below analyses these derivative balances by valuation methodology (level 1, 2 or 3, as described on page F-93). The fair value measurement approach is recurring in nature. There were no significant transfers between level 1 and level 2 during the year. 2021 2020 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total The Group £m £m £m £m £m £m £m £m Derivative assets — 5,495 16 5,511 — 8,327 14 8,341 Derivative liabilities — (4,436) (207) (4,643) — (7,909) (319) (8,228) 2021 2020 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total The Bank £m £m £m £m £m £m £m £m Derivative assets — 6,882 16 6,898 — 12,581 14 12,595 Derivative liabilities — (6,071) (31) (6,102) — (11,012) (60) (11,072) Movements in level 3 portfolio The table below analyses movements in level 3 derivative assets and liabilities carried at fair value. 2021 2020 Derivative Derivative Derivative Derivative The Group £m £m £m £m At 1 January 14 (319) — (297) Exchange and other adjustments — — — — Losses (gains) recognised in the income statement within other income 2 93 1 — (Sales) redemptions — 19 — 19 Transfers into the level 3 portfolio — — 13 (41) Transfers out of the level 3 portfolio — — — — At 31 December 16 (207) 14 (319) Gains (losses) recognised in the income statement, within other income, relating to the change in fair value of those assets or liabilities held at 31 December 2 69 1 — 2021 2020 Derivative Derivative Derivative Derivative The Bank £m £m £m £m At 1 January 14 (60) — — Exchange and other adjustments — — — — Losses (gains) recognised in the income statement within other income 2 29 1 (8) (Sales) redemptions — — — — Transfers into the level 3 portfolio — — 13 (52) Transfers out of the level 3 portfolio — — — — At 31 December 16 (31) 14 (60) Gains (losses) recognised in the income statement, within other income, relating to the change in fair value of those assets or liabilities held at 31 December 2 29 1 (8) Valuation methodology for derivatives Where the Group’s derivative assets and liabilities are not traded on an exchange, they are valued using valuation techniques, including discounted cash flow and options pricing models, as appropriate. The types of derivatives classified as level 2 and the valuation techniques used include: – Interest rate swaps which are valued using discounted cash flow models; the most significant inputs into those models are interest rate yield curves which are developed from publicly quoted rates – Foreign exchange derivatives that do not contain options which are priced using rates available from publicly quoted sources – Credit derivatives which are valued using standard models with observable inputs, except for the items classified as level 3, which are valued using publicly available yield and credit default swap (CDS) curves – Less complex interest rate and foreign exchange option products which are valued using volatility surfaces developed from publicly available interest rate cap, interest rate swaption and other option volatilities; option volatility skew information is derived from a market standard consensus pricing service. For more complex option products, the Group calibrates its models using observable at-the-money data; where necessary, the Group adjusts for out-of-the-money positions using a market standard consensus pricing service Complex interest rate and foreign exchange products where inputs to the valuation are significant, material and unobservable are classified as level 3. Where credit protection, usually in the form of credit default swaps, has been purchased or written on asset-backed securities, the security is referred to as a negative basis asset-backed security and the resulting derivative assets or liabilities have been classified as either level 2 or level 3 according to the classification of the underlying asset-backed security. Certain unobservable inputs used to calculate CVA, FVA, and own credit adjustments, are not significant in determining the classification of the derivative and debt instruments. Consequently, these inputs do not form part of the level 3 sensitivities presented. Derivative valuation adjustments Derivative financial instruments which are carried in the balance sheet at fair value are adjusted where appropriate to reflect credit risk, market liquidity and other risks. (i) Uncollateralised derivative valuation adjustments The following table summarises the movement on this valuation adjustment account for the Group during 2020 and 2021: 2021 2020 £m £m At 1 January 242 214 Income statement charge (credit) (88) 28 Transfers — — At 31 December 154 242 Represented by: 2021 2020 £m £m Credit Valuation Adjustment 112 178 Debit Valuation Adjustment (4) (6) Funding Valuation Adjustment 46 70 154 242 Credit and Debit Valuation Adjustments (CVA and DVA) are applied to the Group’s over-the-counter derivative exposures with counterparties that are not subject to strong interbank collateral arrangements. These exposures largely relate to the provision of risk management solutions for corporate customers within the Commercial Banking division. A CVA is taken where the Group has a positive future uncollateralised exposure (asset). A DVA is taken where the Group has a negative future uncollateralised exposure (liability). These adjustments reflect interest rates and expectations of counterparty creditworthiness and the Group’s own credit spread respectively. The CVA is sensitive to: – The current size of the mark-to-market position on the uncollateralised asset – Expectations of future market volatility of the underlying asset – Expectations of counterparty creditworthiness Market Credit Default Swap (CDS) spreads are used to develop the probability of default for quoted counterparties. For unquoted counterparties, internal credit ratings and market sector CDS curves and recovery rates are used. The loss given default (LGD) is based on market recovery rates and internal credit assessments. The combination of a one-notch deterioration in the credit rating of derivative counterparties and a ten per cent increase in LGD increases the CVA by £29 million. Current market value is used to estimate the projected exposure for products not supported by the model, which are principally complex interest rate options that are traded in very low volumes. For these, the CVA is calculated on an add-on basis (although no such adjustment was required at 31 December 2021). The DVA is sensitive to: – The current size of the mark-to-market position on the uncollateralised liability – Expectations of future market volatility of the underlying liability – The Group’s own CDS spread A one per cent rise in the CDS spread would lead to an increase in the DVA of £11 million. The risk exposures that are used for the CVA and DVA calculations are strongly influenced by interest rates. Due to the nature of the Group’s business the CVA/DVA exposures tend to be on average the same way around such that the valuation adjustments fall when interest rates rise. A one per cent rise in interest rates would lead to a £37 million fall in the overall valuation adjustment to £71 million. The CVA model used by the Group does not assume any correlation between the level of interest rates and default rates. The Group has also recognised a Funding Valuation Adjustment to adjust for the net cost of funding uncollateralised derivative positions. This adjustment is calculated on the expected future exposure discounted at a suitable cost of funds. A ten basis points increase in the cost of funds will increase the funding valuation adjustment by £8 million. (ii) Market liquidity The Group includes mid to bid-offer valuation adjustments against the expected cost of closing out the net market risk in the Group’s trading positions within a time frame that is consistent with historical trading activity and spreads that the trading desks have accessed historically during the ordinary course of business in normal market conditions. At 31 December 2021, the Group’s derivative trading business held mid to bid-offer valuation adjustments of £12 million (2020: £26 million). Sensitivity of level 3 valuations 2021 2020 Effect of reasonably possible alternative assumptions 2 Effect of reasonably possible alternative assumptions 2 Valuation Significant 1 Carrying Favourable Unfavourable Carrying Favourable Unfavourable £m £m £m £m £m £m Financial assets at fair value through profit or loss Loans and advances to customers Discounted cash flows Interest rate spreads (bps) (+/-50bps) 3 395 32 (30) 1,511 47 (45) Equity investments n/a 4 2 (2) — — — 399 1,511 Financial assets at fair value through other comprehensive income Asset-backed securities Lead manager or broker quote/consensus pricing n/a 55 4 (4) 65 4 (4) Equity investments n/a 1 — — — — — 56 65 Derivative financial assets Interest rate derivatives Option pricing model Interest rate volatility (31%/59%) 4 16 — — 14 — — Level 3 financial assets carried at fair value 471 1,590 Financial liabilities at fair value through profit or loss Securitisation notes Discounted cash flows Interest rate spreads (+/-50bps) 5 33 1 (1) 45 1 (1) Derivative financial liabilities Interest rate derivatives Option pricing model Interest rate volatility (13%/168%) 6 31 — — 48 — — Shared appreciation right Market values – property valuation HPI (+/-1%) 7 176 19 (18) 271 24 (22) 207 319 Level 3 financial liabilities carried at fair value 240 364 1 Ranges are shown where appropriate and represent the highest and lowest inputs used in the level 3 valuations. 2 Where the exposure to an unobservable input is managed on a net basis, only the net impact is shown in the table. 3 2020: -50bps/106bps 4 2020: 13%/128% 5 2020:+/- 50bps 6 2020: 33%/60% 7 2020:+/- 1% Unobservable inputs Significant unobservable inputs affecting the valuation o |
TRANSFERS OF FINANCIAL ASSETS
TRANSFERS OF FINANCIAL ASSETS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of transferred financial assets that are not derecognised in their entirety [text block] [Abstract] | |
TRANSFERS OF FINANCIAL ASSETS | NOTE 42: TRANSFERS OF FINANCIAL ASSETS There were no significant transferred financial assets which were derecognised in their entirety, but with ongoing exposure. Details of transferred financial assets that continue to be recognised in full are as follows. The Group and the Bank enter into repurchase and securities lending transactions in the normal course of business that do not result in derecognition of the financial assets as substantially all of the risks and rewards, including credit, interest rate, prepayment and other price risks are retained by the Group. In all cases, the transferee has the right to sell or repledge the assets concerned. As set out in note 25, included within financial assets measured at amortised cost are loans transferred under the Group’s securitisation and covered bond programmes. As the Group retains all or a majority of the risks and rewards associated with these loans, including credit, interest rate, prepayment and liquidity risk, they remain on the Group’s balance sheet. Assets transferred into the Group’s securitisation and covered bond programmes are not available to be used by the Group while the assets are within the programmes. However, the Group retains the right to remove loans from the covered bond programmes where they are in excess of the programme’s requirements. In addition, where the Group has retained some of the notes issued by securitisation and covered bond programmes, the Group has the ability to sell or pledge these retained notes. The table below sets out the carrying values of the transferred assets and the associated liabilities. For repurchase and securities lending transactions, the associated liabilities represent the Group’s obligation to repurchase the transferred assets. For securitisation programmes, the associated liabilities represent the external notes in issue (note 25). The liabilities shown in the table below have recourse to the transferred assets. 2021 2020 Carrying Carrying Carrying Carrying The Group £m £m £m £m Repurchase and securities lending transactions Financial assets at fair value through profit or loss — — — — Financial assets at fair value through other comprehensive income 7,706 5,039 7,475 5,105 Securitisation programmes Financial assets at amortised cost: Loans and advances to customers 1 30,965 3,705 34,584 4,481 1 The carrying value of associated liabilities for the Group excludes securitisation notes held by the Group of £23,521 million (31 December 2020: £27,418 million). 2021 2020 Carrying Carrying Carrying Carrying The Bank £m £m £m £m Repurchase and securities lending transactions Financial assets at fair value through profit or loss — — 3,244 1,869 Financial assets at fair value through other comprehensive income 8,626 5,745 4,889 3,895 Securitisation programmes Financial assets at amortised cost: Loans and advances to customers 1 2,847 176 4,072 — 1 The carrying value of transferred assets for the Bank includes amounts relating to assets transferred to structured entities which are fully consolidated into the Group. The liabilities associated with such assets are issued by the structured entities. |
OFFSETTING OF FINANCIAL ASSETS
OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of offsetting of financial assets and financial liabilities [text block] [Abstract] | |
OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES | NOTE 43: OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES The following information relates to financial assets and liabilities which have been offset in the balance sheet and those which have not been offset but for which the Group has enforceable master netting agreements or collateral arrangements in place with counterparties. Related amounts where 3 Potential Gross 1 Amount 2 Net amounts Cash Non-cash £m £m £m £m £m £m At 31 December 2021 Financial assets Financial assets at fair value through profit or loss 1,798 — 1,798 — (35) 1,763 Derivative financial instruments 33,665 (28,154) 5,511 (1,621) (2,733) 1,157 Loans and advances to banks and reverse Loans and advances to banks 4,478 — 4,478 (350) — 4,128 Reverse repurchase agreements 4,179 (1,183) 2,996 — (2,996) — 8,657 (1,183) 7,474 (350) (2,996) 4,128 Loans and advances to customers and reverse repurchase agreements: Loans and advances to customers 431,994 (1,165) 430,829 (102) (1,506) 429,221 Reverse repurchase agreements 55,466 (8,754) 46,712 — (46,712) — 487,460 (9,919) 477,541 (102) (48,218) 429,221 Debt securities 4,562 — 4,562 — (267) 4,295 Financial assets at fair value through other comprehensive income 27,786 — 27,786 — (4,981) 22,805 Financial liabilities Deposits from banks and repurchase agreements: Deposits from banks 3,363 — 3,363 (1,404) — 1,959 Repurchase agreements 31,268 (1,183) 30,085 — (30,085) — 34,631 (1,183) 33,448 (1,404) (30,085) 1,959 Customer deposits and repurchase agreements: Customer deposits 450,538 (1,165) 449,373 (217) (1,506) 447,650 Repurchase agreements 8,775 (8,754) 21 — (21) — 459,313 (9,919) 449,394 (217) (1,527) 447,650 Financial liabilities at fair value through profit or loss 6,537 — 6,537 — — 6,537 Derivative financial instruments 32,797 (28,154) 4,643 (452) (4,191) — 1 After impairment allowance. 2 The amounts offset in the balance sheet as shown above mainly represent derivatives and repurchase agreements with central clearing houses which meet the criteria for offsetting under IAS 32. 3 The Group enters into derivatives and repurchase and reverse repurchase agreements with various counterparties which are governed by industry standard master netting agreements. The Group holds and provides cash and securities collateral in respective of derivative transactions covered by these agreements. The right to set off balances under these master netting agreements or to set off cash and securities collateral only arises in the event of non-payment or default and, as a result, these arrangements do not qualify for offsetting under IAS 32. The effects of over-collateralisation have not been taken into account in the above table. Related amounts where 3 Potential Gross 1 Amount 2 Net amounts Cash Non-cash £m £m £m £m £m £m At 31 December 2020 Financial assets Financial assets at fair value through profit or loss 1,674 — 1,674 — — 1,674 Derivative financial instruments 67,428 (59,087) 8,341 (2,702) (3,555) 2,084 Loans and advances to banks and reverse Loans and advances to banks 4,324 — 4,324 (1,023) — 3,301 Reverse repurchase agreements 1,634 (8) 1,626 — (1,626) — 5,958 (8) 5,950 (1,023) (1,626) 3,301 Loans and advances to customers and reverse repurchase agreements: Loans and advances to customers 426,104 (410) 425,694 (837) (2,762) 422,095 Reverse repurchase agreements 59,856 (5,409) 54,447 — (54,447) — 485,960 (5,819) 480,141 (837) (57,209) 422,095 Debt securities 5,137 — 5,137 — — 5,137 Financial assets at fair value through other comprehensive income 27,260 — 27,260 — (5,132) 22,128 Financial liabilities Deposits from banks and repurchase agreements: Deposits from banks 6,230 — 6,230 (2,351) — 3,879 Repurchase agreements 18,775 (8) 18,767 — (18,767) — 25,005 (8) 24,997 (2,351) (18,767) 3,879 Customer deposits and repurchase agreements: Customer deposits 426,874 (1,722) 425,152 (350) (2,762) 422,040 Repurchase agreements 14,826 (5,409) 9,417 — (9,417) — 441,700 (7,131) 434,569 (350) (12,179) 422,040 Financial liabilities at fair value through profit or loss 6,831 — 6,831 — — 6,831 Derivative financial instruments 66,003 (57,775) 8,228 (1,860) (4,849) 1,519 1 After impairment allowance. 2 The amounts offset in the balance sheet as shown above mainly represent derivatives and repurchase agreements with central clearing houses which meet the criteria for offsetting under IAS 32. 3 The Group enters into derivatives and repurchase and reverse repurchase agreements with various counterparties which are governed by industry standard master netting agreements. The Group holds and provides cash and securities collateral in respective of derivative transactions covered by these agreements. The right to set off balances under these master netting agreements or to set off cash and securities collateral only arises in the event of non-payment or default and, as a result, these arrangements do not qualify for offsetting under IAS 32. The effects of over-collateralisation have not been taken into account in the above table. |
FINANCIAL RISK MANAGEMENT
FINANCIAL RISK MANAGEMENT | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of financial risk management [text block] [Abstract] | |
FINANCIAL RISK MANAGEMENT | NOTE 44: FINANCIAL RISK MANAGEMENT Financial instruments are fundamental to the Group’s activities and, as a consequence, the risks associated with financial instruments represent a significant component of the risks faced by the Group. The primary risks affecting the Group through its use of financial instruments are: market risk, which includes interest rate risk and foreign exchange risk; credit risk; liquidity risk and capital risk. The following disclosures provide quantitative and qualitative information about the Group's exposure to these risks. Credit risk The Group’s credit risk exposure arises in respect of the instruments below and predominantly in the United Kingdom. Credit risk appetite is set at Board level and is described and reported through a suite of metrics devised from a combination of accounting and credit portfolio performance measures, which include the use of various credit risk rating systems as inputs and assess credit risk at a counterparty level using three components: (i) the probability of default by the counterparty on its contractual obligations; (ii) the current exposures to the counterparty and their likely future development, from which the Group derives the exposure at default; and (iii) the likely loss ratio on the defaulted obligations, the loss given default. The Group uses a range of approaches to mitigate credit risk, including internal control policies, obtaining collateral, using master netting agreements and other credit risk transfers, such as asset sales and credit derivative based transactions. (A) Maximum credit exposure The maximum credit risk exposure of the Group and the Bank in the event of other parties failing to perform their obligations is detailed below. No account is taken of any collateral held and the maximum exposure to loss is considered to be the balance sheet carrying amount or, for non-derivative off-balance sheet transactions and financial guarantees, their contractual nominal amounts. The Group 2021 2020 Maximum Offset 1 Net Maximum Offset 1 Net £m £m £m £m £m £m Financial assets at fair value through profit or loss 2 1,559 — 1,559 1,511 — 1,511 Derivative financial instruments 5,511 (2,369) 3,142 8,341 (3,373) 4,968 Financial assets at amortised cost, net 3 : Loans and advances to banks and reverse 3 7,474 — 7,474 5,950 — 5,950 Loans and advances to customers and reverse 3 477,541 (1,506) 476,035 480,141 (2,762) 477,379 Debt securities, net 3 4,562 — 4,562 5,137 — 5,137 489,577 (1,506) 488,071 491,228 (2,762) 488,466 Financial assets at fair value through other comprehensive income 2 27,785 — 27,785 27,260 — 27,260 Off-balance sheet items: Acceptances and endorsements 21 — 21 73 — 73 Other items serving as direct credit substitutes 433 — 433 221 — 221 Performance bonds, including letters of credit, and other transaction-related contingencies 1,886 — 1,886 2,070 — 2,070 Irrevocable commitments and guarantees 55,690 — 55,690 59,240 — 59,240 58,030 — 58,030 61,604 — 61,604 582,462 (3,875) 578,587 589,944 (6,135) 583,809 1 Offset items comprise deposit amounts available for offset, and amounts available for offset under master netting arrangements, that do not meet the criteria under IAS 32 to enable loans and advances and derivative assets respectively to be presented net of these balances in the financial statements. 2 Excluding equity shares. 3 Amounts shown net of related impairment allowances. The Bank 2021 2020 Maximum Offset 1 Net Maximum Offset 1 Net £m £m £m £m £m £m Financial assets at fair value through profit or loss 2 : Loans and advances 1,121 — 1,121 517 — 517 Debt securities, treasury and other bills 3,404 — 3,404 1,203 — 1,203 4,525 — 4,525 1,720 — 1,720 Derivative financial instruments 6,898 (2,019) 4,879 12,595 (2,752) 9,843 Financial assets at amortised cost, net 3 Loans and advances to banks and reverse 3 7,287 — 7,287 5,656 — 5,656 Loans and advances to customers and reverse 3 163,428 (1,201) 162,227 178,269 (2,156) 176,113 Debt securities, net 3 3,756 — 3,756 4,315 — 4,315 174,471 (1,201) 173,270 188,240 (2,156) 186,084 Financial assets at fair value through other comprehensive income 25,529 — 25,529 24,647 — 24,647 Off-balance sheet items: Acceptances and endorsements 21 — 21 73 — 73 Other items serving as direct credit substitutes 375 — 375 203 — 203 Performance bonds, including letters of credit, and other transaction-related contingencies 1,681 — 1,681 1,817 — 1,817 Irrevocable commitments and guarantees 30,653 — 30,653 32,847 — 32,847 32,730 — 32,730 34,940 — 34,940 244,153 (3,220) 240,933 262,142 (4,908) 257,234 1 Offset items comprise deposit amounts available for offset, and amounts available for offset under master netting arrangements, that do not meet the criteria under IAS 32 to enable loans and advances and derivative assets respectively to be presented net of these balances in the financial statements. 2 Excluding equity shares. 3 Amounts shown net of related impairment allowances. (B) Concentrations of exposure The Group’s management of concentration risk includes single name, industry sector and country limits as well as controls over the Group’s overall exposure to certain products. As part of its credit risk policy, the Group considers sustainability risk (which incorporates Environmental (including climate), Social and Governance) in the assessment of Commercial Banking facilities. At 31 December 2021 the most significant concentrations of exposure were in mortgages (comprising 66 per cent of total loans and advances to customers) and to financial, business and other services (comprising 14 per cent of the total). Loans and advances to customers The Group The Bank 2021 2020 2021 2020 £m £m £m £m Agriculture, forestry and fishing 7,728 7,835 2,901 3,039 Energy and water supply 1,962 1,274 1,890 1,189 Manufacturing 3,505 4,455 3,113 3,770 Construction 4,325 5,046 3,613 4,022 Transport, distribution and hotels 13,367 14,229 10,001 10,160 Postal and telecommunications 1,857 2,261 1,506 1,689 Property companies 23,156 25,092 19,934 21,629 Financial, business and other services 65,849 77,271 63,929 73,987 Personal: Mortgages 1 318,422 305,966 46,089 49,574 Other 24,546 25,295 8,674 8,502 Lease financing 843 1,047 20 30 Hire purchase 15,785 16,071 2,934 2,959 Total loans and advances to customers and reverse repurchase agreements before allowance for impairment losses 481,345 485,842 164,604 180,550 Allowance for impairment losses (note 15) (3,804) (5,701) (1,176) (2,281) Total loans and advances to customers and reverse repurchase agreements 477,541 480,141 163,428 178,269 1 Includes both UK and overseas mortgage balances. The Group’s operations are predominantly UK-based and as a result an analysis of credit risk exposures by geographical region is not provided. (C) Credit quality of assets Loans and advances The analysis of lending has been prepared based on the division in which the asset is held; with the business segment in which the exposure is recorded reflected in the ratings system applied. The internal credit ratings systems used by the Group differ between Retail and Commercial, reflecting the characteristics of these exposures and the way that they are managed internally; these credit ratings are set out below. All probabilities of default (PDs) include forward-looking information and are based on 12-month values, with the exception of credit-impaired. Retail Commercial Quality classification IFRS 9 PD range Quality classification IFRS 9 PD range RMS 1-6 0.00-4.50% CMS 1-10 0.00-0.50% RMS 7-9 4.51-14.00% CMS 11-14 0.51-3.00% RMS 10 14.01-20.00% CMS 15-18 3.01-20.00% RMS 11-13 20.01-99.99% CMS 19 20.01-99.99% RMS 14 100.00% CMS 20-23 100.00% Stage 3 assets of the Group include balances of £650 million (2020: £179 million) (with outstanding amounts due of £1,279 million (2020: £732 million)) which have been subject to a partial write-off and where the Group continues to enforce recovery action. Stage 2 and Stage 3 assets of the Group with a carrying amount of £1,540 million (2020: £22,200 million) were modified during the year. No material gain or loss was recognised by the Group. As at 31 December 2021 assets that had been previously modified while classified as Stage 2 or Stage 3 and were classified as Stage 1 amounted to £6,657 million (not material at 31 December 2020). Drawn exposures Expected credit loss allowance The Group - Gross drawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2021 Loans and advances to banks and reverse repurchase agreements CMS 1-10 7,472 — — — 7,472 — — — — — CMS 11-14 2 — — — 2 — — — — — CMS 15-18 — — — — — — — — — — CMS 19 — — — — — — — — — — CMS 20-23 — — — — — — — — — — 7,474 — — — 7,474 — — — — — Loans and advances to customers and reverse repurchase agreements Retail - UK mortgages RMS 1-6 273,620 18,073 — — 291,693 48 250 — — 298 RMS 7-9 9 2,258 — — 2,267 — 64 — — 64 RMS 10 — 355 — — 355 — 15 — — 15 RMS 11-13 — 1,112 — — 1,112 — 65 — — 65 RMS 14 — — 1,940 10,977 12,917 — — 184 210 394 273,629 21,798 1,940 10,977 308,344 48 394 184 210 836 Retail - credit cards RMS 1-6 11,252 1,107 — — 12,359 67 43 — — 110 RMS 7-9 896 623 — — 1,519 29 71 — — 100 RMS 10 — 112 — — 112 — 22 — — 22 RMS 11-13 — 235 — — 235 — 82 — — 82 RMS 14 — — 292 — 292 — — 128 — 128 12,148 2,077 292 — 14,517 96 218 128 — 442 Retail - loans and overdrafts RMS 1-6 7,220 501 — — 7,721 84 23 — — 107 RMS 7-9 938 286 — — 1,224 39 33 — — 72 RMS 10 18 74 — — 92 2 14 — — 16 RMS 11-13 5 244 — — 249 1 83 — — 84 RMS 14 — — 271 — 271 — — 139 — 139 8,181 1,105 271 — 9,557 126 153 139 — 418 Retail - UK Motor Finance RMS 1-6 11,662 1,309 — — 12,971 101 25 — — 126 RMS 7-9 583 298 — — 881 5 15 — — 20 RMS 10 — 69 — — 69 — 7 — — 7 RMS 11-13 2 152 — — 154 — 27 — — 27 RMS 14 — — 201 — 201 — — 116 — 116 12,247 1,828 201 — 14,276 106 74 116 — 296 Retail - other RMS 1-6 14,979 754 — — 15,733 21 10 — — 31 RMS 7-9 1,258 593 — — 1,851 5 27 — — 32 RMS 10 — 2 — — 2 — — — — — RMS 11-13 177 610 — — 787 — 21 — — 21 RMS 14 — — 778 — 778 — — 55 — 55 16,414 1,959 778 — 19,151 26 58 55 — 139 Total Retail 322,619 28,767 3,482 10,977 365,845 402 897 622 210 2,131 The Group - Gross drawn exposures and expected credit loss allowance continued Drawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2021 Commercial Banking CMS 1-10 28,600 186 — — 28,786 18 1 — — 19 CMS 11-14 29,950 3,315 — — 33,265 75 75 — — 150 CMS 15-18 766 2,327 — — 3,093 9 119 — — 128 CMS 19 — 255 — — 255 — 18 — — 18 CMS 20-23 — — 2,862 — 2,862 — — 942 — 942 59,316 6,083 2,862 — 68,261 102 213 942 — 1,257 Other 1 RMS 1-6 898 34 — — 932 5 2 — — 7 RMS 7-9 — — — — — — — — — — RMS 10 — — — — — — — — — — RMS 11-13 — — — — — — — — — — RMS 14 — — 62 — 62 — — 9 — 9 898 34 62 — 994 5 2 9 — 16 CMS 1-10 46,243 — — — 46,243 — — — — — CMS 11-14 — — — — — — — — — — CMS 15-18 — — — — — — — — — — CMS 19 2 — — — 2 — — — — — CMS 20-23 — — — — — — — — — — 46,245 — — — 46,245 — — — — — Central adjustment — — — — — 400 — — — 400 Total loans and advances to customers and reverse repurchase agreements 429,078 34,884 6,406 10,977 481,345 909 1,112 1,573 210 3,804 In respect of: Retail 322,619 28,767 3,482 10,977 365,845 402 897 622 210 2,131 Commercial Banking 59,316 6,083 2,862 — 68,261 102 213 942 — 1,257 Other 1 47,143 34 62 — 47,239 405 2 9 — 416 Total loans and advances to customers and reverse repurchase agreements 429,078 34,884 6,406 10,977 481,345 909 1,112 1,573 210 3,804 1 Contains mainly reverse repurchase agreement balances and certain hedging adjustments. The Group - Gross undrawn exposures and expected credit loss allowance Undrawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2021 Loans and advances to customers and reverse repurchase agreements Retail - UK mortgages RMS 1-6 16,971 92 — — 17,063 1 — — — 1 RMS 7-9 — 3 — — 3 — — — — — RMS 10 — — — — — — — — — — RMS 11-13 — — — — — — — — — — RMS 14 — — 13 72 85 — — — — — 16,971 95 13 72 17,151 1 — — — 1 Retail - credit cards RMS 1-6 56,666 2,241 — — 58,907 45 24 — — 69 RMS 7-9 457 172 — — 629 3 3 — — 6 RMS 10 — 31 — — 31 — 1 — — 1 RMS 11-13 — 58 — — 58 — 3 — — 3 RMS 14 — — 55 — 55 — — — — — 57,123 2,502 55 — 59,680 48 31 — — 79 Retail - loans and overdrafts RMS 1-6 6,303 231 — — 6,534 9 4 — — 13 RMS 7-9 97 48 — — 145 1 5 — — 6 RMS 10 1 11 — — 12 — 2 — — 2 RMS 11-13 — 29 — — 29 — 6 — — 6 RMS 14 — — 18 — 18 — — — — — 6,401 319 18 — 6,738 10 17 — — 27 Retail - UK Motor Finance RMS 1-6 1,457 — — — 1,457 2 — — — 2 RMS 7-9 527 — — — 527 — — — — — RMS 10 — — — — — — — — — — RMS 11-13 1 — — — 1 — — — — — RMS 14 — — — — — — — — — — 1,985 — — — 1,985 2 — — — 2 Retail - other RMS 1-6 1,413 25 — — 1,438 14 — — — 6 RMS 7-9 50 27 — — 77 5 5 — — 10 RMS 10 — — — — — — — — — — RMS 11-13 — 6 — — 6 — 2 — — 2 RMS 14 — — 1 — 1 — — — — — 1,463 58 1 — 1,522 19 7 — — 26 Total Retail 83,943 2,974 87 72 87,076 80 55 — — 135 The Group - Gross undrawn exposures and expected credit loss allowance continued Undrawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2021 Commercial Banking CMS 1-10 31,757 32 — — 31,789 7 — — — 7 CMS 11-14 6,225 1,203 — — 7,428 14 18 — — 32 CMS 15-18 188 320 — — 508 1 12 — — 13 CMS 19 — 27 — — 27 — 1 — — 1 CMS 20-23 — — 66 — 66 — — 5 — 5 38,170 1,582 66 — 39,818 22 31 5 — 58 Other RMS 1-6 289 — — — 289 — — — — — RMS 7-9 — — — — — — — — — — RMS 10 — — — — — — — — — — RMS 11-13 — — — — — — — — — — RMS 14 — — — — — — — — — — 289 — — — 289 — — — — — CMS 1-10 501 — — — 501 1 — — — 1 CMS 11-14 — — — — — — — — — — CMS 15-18 — — — — — — — — — — CMS 19 — — — — — — — — — — CMS 20-23 — — — — — — — — — — 501 — — — 501 1 — — — 1 Total loans and advances to customers and reverse repurchase agreements 122,903 4,556 153 72 127,684 103 86 5 — 194 In respect of: Retail 83,943 2,974 87 72 87,076 80 55 — — 135 Commercial Banking 38,170 1,582 66 — 39,818 22 31 5 — 58 Other 790 — — — 790 1 — — — 1 Total loans and advances to customers and reverse repurchase agreements 122,903 4,556 153 72 127,684 103 86 5 — 194 Drawn exposures Expected credit loss allowance The Group - Gross drawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2020 Loans and advances to banks and reverse repurchase agreements CMS 1-10 5,951 — — — 5,951 4 — — — 4 CMS 11-14 3 — — — 3 — — — — — CMS 15-18 — — — — — — — — — — CMS 19 — — — — — — — — — — CMS 20-23 — — — — — — — — — — 5,954 — — — 5,954 4 — — — 4 Loans and advances to customers and reverse repurchase agreements Retail - UK mortgages RMS 1-6 251,372 21,010 — — 272,382 103 247 — — 350 RMS 7-9 46 4,030 — — 4,076 1 66 — — 67 RMS 10 — 907 — — 907 — 25 — — 25 RMS 11-13 — 3,071 — — 3,071 — 130 — — 130 RMS 14 — — 1,859 12,511 14,370 — — 191 261 452 251,418 29,018 1,859 12,511 294,806 104 468 191 261 1,024 Retail - credit cards RMS 1-6 9,619 1,284 — — 10,903 75 57 — — 132 RMS 7-9 1,603 1,137 — — 2,740 66 138 — — 204 RMS 10 274 343 — — 617 14 70 — — 84 RMS 11-13 — 509 — — 509 — 193 — — 193 RMS 14 — — 340 — 340 — — 153 — 153 11,496 3,273 340 — 15,109 155 458 153 — 766 Retail - loans and overdrafts RMS 1-6 5,559 291 — — 5,850 80 15 — — 95 RMS 7-9 1,990 580 — — 2,570 99 66 — — 165 RMS 10 116 181 — — 297 13 36 — — 49 RMS 11-13 45 467 — — 512 9 178 — — 187 RMS 14 — — 307 — 307 — — 147 — 147 7,710 1,519 307 — 9,536 201 295 147 — 643 Retail - UK Motor Finance RMS 1-6 12,035 1,396 — — 13,431 187 46 — — 233 RMS 7-9 738 456 — — 1,194 7 33 — — 40 RMS 10 — 171 — — 171 — 30 — — 30 RMS 11-13 13 193 — — 206 — 62 — — 62 RMS 14 — — 199 — 199 — — 133 — 133 12,786 2,216 199 — 15,201 194 171 133 — 498 Retail - other RMS 1-6 14,952 482 — — 15,434 19 19 — — 38 RMS 7-9 2,418 334 — — 2,752 11 39 — — 50 RMS 10 — 21 — — 21 — 1 — — 1 RMS 11-13 509 467 — — 976 — 40 — — 40 RMS 14 — — 184 — 184 — — 59 — 59 17,879 1,304 184 — 19,367 30 99 59 — 188 Total Retail 301,289 37,330 2,889 12,511 354,019 684 1,491 683 261 3,119 The Group - Gross drawn exposures and expected credit loss allowance continued Drawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2020 Commercial Banking CMS 1-10 22,218 177 — — 22,395 23 2 — — 25 CMS 11-14 30,023 6,662 — — 36,685 135 106 — — 241 CMS 15-18 4,656 6,430 — — 11,086 96 397 — — 493 CMS 19 — 669 — — 669 — 129 — — 129 CMS 20-23 — — 3,485 — 3,485 — — 1,273 — 1,273 56,897 13,938 3,485 — 74,320 254 634 1,273 — 2,161 Other 1 RMS 1-6 822 12 — — 834 9 — — — 9 RMS 7-9 — — — — — — — — — — RMS 10 — — — — — — — — — — RMS 11-13 — — — — — — — — — — RMS 14 — — 59 — 59 — — 12 — 12 822 12 59 — 893 9 — 12 — 21 CMS 1-10 56,362 — — — 56,362 — — — — — CMS 11-14 236 — — — 236 — — — — — CMS 15-18 — — — — — — — — — — CMS 19 2 — — — 2 — — — — — CMS 20-23 — — 10 — 10 — — — — — 56,600 — 10 — 56,610 — — — — — Central adjustment — — — — — 400 — — — 400 Total loans and advances to customers and reverse repurchase agreements 415,608 51,280 6,443 12,511 485,842 1,347 2,125 1,968 261 5,701 In respect of: Retail 301,289 37,330 2,889 12,511 354,019 684 1,491 683 261 3,119 Commercial Banking 56,897 13,938 3,485 — 74,320 254 634 1,273 — 2,161 Other 1 57,422 12 69 — 57,503 409 — 12 — 421 Total loans and advances to customers and reverse repurchase agreements 415,608 51,280 6,443 12,511 485,842 1,347 2,125 1,968 261 5,701 1 Contains mainly reverse repurchase agreement balances and certain hedging adjustments. Undrawn exposures Expected credit loss allowance The Group - Gross undrawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2020 Loans and advances to customers and reverse repurchase agreements Retail - UK mortgages RMS 1-6 19,347 109 — — 19,456 3 — — — 3 RMS 7-9 1 6 — — 7 — — — — — RMS 10 — 2 — — 2 — — — — — RMS 11-13 — 1 — — 1 — — — — — RMS 14 — — 10 74 84 — — — — — 19,348 118 10 74 19,550 3 — — — 3 Retail - credit cards RMS 1-6 54,694 3,044 — — 57,738 67 46 — — 113 RMS 7-9 772 463 — — 1,235 11 8 — — 19 RMS 10 602 282 — — 884 7 11 — — 18 RMS 11-13 — 85 — — 85 — 7 — — 7 RMS 14 — — 56 — 56 — — — — — 56,068 3,874 56 — 59,998 85 72 — — 157 Retail - loans and overdrafts RMS 1-6 6,070 315 — — 6,385 14 7 — — 21 RMS 7-9 269 139 — — 408 8 14 — — 22 RMS 10 13 35 — — 48 1 7 — — 8 RMS 11-13 3 69 — — 72 — 21 — — 21 RMS 14 — — 18 — 18 — — — — — 6,355 558 18 — 6,931 23 49 — — 72 Retail - UK Motor Finance RMS 1-6 1,275 — — — 1,275 2 — — — 2 RMS 7-9 381 3 — — 384 1 — — — 1 RMS 10 — — — — — — — — — — RMS 11-13 1 — — — 1 — — — — — RMS 14 — — — — — — — — — — 1,657 3 — — 1,660 3 — — — 3 Retail - other RMS 1-6 1,672 23 — — 1,695 7 5 — — 12 RMS 7-9 140 36 — — 176 9 13 — — 22 RMS 10 — — — — — — — — — — RMS 11-13 — 10 — — 10 — 7 — — 7 RMS 14 — — 1 — 1 — — — — — 1,812 69 1 — 1,882 16 25 — — 41 Total Retail 85,240 4,622 85 74 90,021 130 146 — — 276 The Group - Gross undrawn exposures and expected credit loss allowance continued Undrawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2020 Commercial Banking CMS 1-10 29,039 — — — 29,039 13 — — — 13 CMS 11-14 9,612 1,614 — — 11,226 31 16 — — 47 CMS 15-18 934 1,291 — — 2,225 16 47 — — 63 CMS 19 — 92 — — 92 — 12 — — 12 CMS 20-23 — — 195 — 195 — — 14 — 14 39,585 2,997 195 — 42,777 60 75 14 — 149 Other RMS 1-6 299 — — — 299 1 — — — 1 RMS 7-9 — — — — — — — — — — RMS 10 — — — — — — — — — — RMS 11-13 — — — — — — — — — — RMS 14 — — — — — — — — — — 299 — — — 299 1 — — — 1 CMS 1-10 501 — — — 501 — — — — — CMS 11-14 — — — — — — — — — — CMS 15-18 — — — — — — — — — — CMS 19 — — — — — — — — — — CMS 20-23 — — — — — — — — — — 501 — — — 501 — — — — — Total loans and advances to customers and reverse repurchase agreements 125,625 7,619 280 74 133,598 191 221 14 — 426 In respect of: Retail 85,240 4,622 85 74 90,021 130 146 — — 276 Commercial Banking 39,585 2,997 195 — 42,777 60 75 14 — 149 Other 800 — — — 800 1 — — — 1 Total loans and advances to customers and reverse repurchase agreements 125,625 7,619 280 74 133,598 191 221 14 — 426 Drawn exposures Expected credit loss allowance The Bank - Gross drawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total £m £m £m £m £m £m £m £m At 31 December 2021 Loans and advances to banks and reverse repurchase agreements CMS 1-10 7,285 — — 7,285 — — — — CMS 11-14 2 — — 2 — — — — CMS 15-18 — — — — — — — — CMS 19 — — — — — — — — CMS 20-23 — — — — — — — — 7,287 — — 7,287 — — — — Loans and advances to customers and reverse repurchase agreements Retail - UK mortgages RMS 1-6 40,415 3,747 — 44,162 3 27 — 30 RMS 7-9 — 384 — 384 — 7 — 7 RMS 10 — 65 — 65 — 1 — 1 RMS 11-13 — 201 — 201 — 6 — 6 RMS 14 — — 486 486 — — 26 26 40,415 4,397 486 45,298 3 41 26 70 Retail - credit cards RMS 1-6 2,779 300 — 3,079 16 13 — 29 RMS 7-9 269 204 — 473 8 25 — 33 RMS 10 — 33 — 33 — 7 — 7 RMS 11-13 — 57 — 57 — 22 — 22 RMS 14 — — 72 72 — — 32 32 3,048 594 72 3,714 24 67 32 123 Retail - loans and overdrafts RMS 1-6 3,816 306 — 4,122 45 14 — 59 RMS 7-9 528 158 — 686 22 18 — 40 RMS 10 10 41 — 51 1 8 — 9 RMS 11-13 2 132 — 134 — 46 — 46 RMS 14 — — 152 152 — — 77 77 4,356 637 152 5,145 68 86 77 231 Retail - UK Motor Finance RMS 1-6 290 11 — 301 1 — — 1 RMS 7-9 2 4 — 6 — — — — RMS 10 — 1 — 1 — — — — RMS 11-13 — 4 — 4 — — — — RMS 14 — — 26 26 — — 13 13 292 20 26 338 1 — 13 14 Retail - other RMS 1-6 4,577 375 — 4,952 11 3 — 14 RMS 7-9 1,141 463 — 1,604 4 22 — 26 RMS 10 — — — — — — — — RMS 11-13 71 544 — 615 — 19 — 19 RMS 14 — — 674 674 — — 38 38 5,789 1,382 674 7,845 15 44 38 97 Total Retail 53,900 7,030 1,410 62,340 111 238 186 535 Drawn exposures Expected credit loss allowance The Bank - Gross drawn exposures and expected credit loss allowance continued Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total £m £m £m £m £m £m £m £m At 31 December 2021 Commercial Banking CMS 1-10 24,880 184 — 25,064 16 1 — 17 CMS 11-14 22,861 2,893 — 25,754 63 67 — 130 CMS 15-18 578 1,792 — 2,370 7 85 — 92 CMS 19 — 178 — 178 — 13 — 13 CMS 20-23 — — 1,279 1,279 — — 225 225 48,319 5,047 1,279 54,645 86 166 225 477 Other RMS 1-6 246 7 — 253 1 — — 1 RMS 7-9 — — — — — — — — RMS 10 — — — — — — — — RMS 11-13 — — — — — — — — RMS 14 — — 9 9 — — 3 3 246 7 9 262 1 — 3 4 CMS 1-10 47,356 — — 47,356 — — — — CMS 11-14 1 — — 1 — — — — CMS 15-18 — — — — — — — — CMS 19 — — — — — — — — CMS 20-23 — — — — — — — — 47,357 — — 47,357 — — — — Central adjustment — — — — 160 — — 160 Total loans and advances to customers and reverse repurchase agreements 149,822 12,084 2,698 164,604 358 404 414 1,176 In respect of: Retail 53,900 7,030 1,410 62,340 111 238 186 535 Commercial Banking 48,319 5,047 1,279 54,645 86 166 225 477 Other 1 47,603 7 9 47,619 161 — 3 164 Total loans and advances to customers and reverse repurchase agreements 149,822 12,084 2,698 164,604 358 404 414 1,176 1 Contains mainly reverse repurchase agreement balances. Undrawn exposures Expected credit loss allowance The Bank - Gross undrawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total £m £m £m £m £m £m £m £m At 31 December 2021 Loans and advances to customers and reverse repurchase agreements Retail - UK mortgages RMS 1-6 1,002 — — 1,002 — — — — RMS 7-9 — — — — — — — — RMS 10 — — — — — — — — RMS 11-13 — — — — — — — — RMS 14 — — — — — — — — 1,002 — — 1,002 — — — — Retail - credit cards RMS 1-6 15,280 596 — 15,876 15 11 — 26 RMS 7-9 286 61 — 347 1 1 — 2 RMS 10 — 9 — 9 — — — — RMS 11-13 — 12 — 12 — — — — RMS 14 — — 15 15 — — — — 15,566 678 15 16,259 16 12 — 28 Retail - loans and overdrafts RMS 1-6 3,556 59 — 3,615 5 3 — 8 RMS 7-9 56 23 — 79 1 2 — 3 RMS 10 1 6 — 7 — 1 — 1 RMS 11-13 — 15 — 15 — 3 — 3 RMS 14 — — 10 10 — — — — 3,613 103 10 3,726 6 9 — 15 Retail - UK Motor Finance RMS 1-6 2 — — 2 — — — — RMS 7-9 — — — — — — — — RMS 10 — — — — — — — — RMS 11-13 — — — — — — — — RMS 14 — — — — — — — — 2 — — 2 — — — — Retail - other RMS 1-6 666 23 — 689 13 — — 13 RMS 7-9 44 26 — 70 4 4 — 8 RMS 10 — — — — — — — — RMS 11-13 — 6 — 6 — 2 — 2 RMS 14 — — 1 1 — — — — 710 55 1 766 17 6 — 23 Total Retail 20,893 836 26 21,755 39 27 — 66 Undrawn exposures Expected credit loss allowance The Bank - Gross undrawn exposures and expected credit loss allowance continued Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total £m £m £m £m £m £m £m £m At 31 December 2021 Commercial Banking CMS 1-10 29,012 31 — 29,043 6 — — 6 CMS 11-14 5,014 1,050 — 6,064 12 15 — 27 CMS 15-18 62 250 — 312 — 10 — 10 CMS 19 — 23 — 23 — 1 — 1 CMS 20-23 — — 65 65 — — 4 4 34,088 1,354 65 35,507 18 26 4 48 Other RMS 1-6 227 — — 227 — — — — RMS 7-9 — — — — — — — — RMS 10 — — — — — — — — RMS 11-13 — — — — — — — — RMS 14 — — — — — — — — 227 — — 227 — — — — CMS 1-10 501 — — 501 — — — — CMS 11-14 — — — — — — — — CMS 15-18 — — — — — — — — CMS 19 — — — — — — — — CMS 20-23 — — — — — — — — 501 — — 501 — — — — Total loans and advances to customers and reverse repurchase agreements 55,709 2,190 91 57,990 57 53 4 114 In respect of: Retail 20,893 836 26 21,755 39 27 — 66 Commercial Banking 34,088 1,354 65 35,507 18 26 4 48 Other 728 — — 728 — — — — Total loans and advances to customers and reverse repurchase agreements 55,709 2,190 91 57,990 57 53 4 114 Drawn exposures Expected credit loss allowance The Bank - Gross drawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total £m £m £m £m £m £m £m £m At 31 December 2020 Loans and advances to banks and reverse repurchase agreements CMS 1-10 5,660 — — 5,660 4 — — 4 CMS 11-14 — — — — — — — — CMS 15-18 — — — — — — — — CMS 19 — — — — — — — — CMS 20-23 — — — — — — — — 5,660 — — 5,660 4 — — 4 Loans and advances to customers and reverse repurchase agreements Retail - UK mortgages RMS 1-6 41,423 4,152 — 45,575 8 24 — 32 RMS 7-9 2 1,442 — 1,444 — 11 — 11 RMS 10 — 137 — 137 — 3 — 3 RMS 11-13 — 946 — 946 — 18 — 18 RMS 14 — — 568 568 — — 32 32 41,425 6,677 568 48,670 8 56 32 96 Retail - credit cards RMS 1-6 2,248 363 — 2,611 18 17 — 35 RMS 7-9 290 342 — 632 14 45 — 59 RMS 10 2 94 — 96 — 22 — 22 RMS 11-13 — 134 — 134 — 57 — 57 RMS 14 — — 88 88 — — 40 40 2,540 933 88 3,561 32 141 40 213 Retail - loans and overdrafts RMS 1-6 2,930 162 — 3,092 44 8 — 52 RMS 7-9 1,109 265 — 1,374 56 30 — 86 RMS 10 64 102 — 166 7 21 — 28 RMS 11-13 22 266 — 288 4 102 — 106 RMS 14 — — 173 173 — — 84 84 4,125 795 173 5,093 111 161 84 356 Retail - UK Motor Finance RMS 1-6 382 40 — 422 7 2 — 9 RMS 7-9 6 18 — 24 — 1 — 1 RMS 10 — 9 — 9 — 2 — 2 RMS 11-13 — 13 — 13 — 5 — 5 RMS 14 — — 44 44 — — 26 26 388 80 44 512 7 10 26 43 Retail - other RMS 1-6 5,173 188 — 5,361 9 11 — 20 RMS 7-9 2,186 214 — 2,400 10 32 — 42 RMS 10 — — — — — — — — RMS 11-13 345 395 — 740 — 35 — 35 RMS 14 — — 123 123 — — 37 37 7,704 797 123 8,624 19 78 37 134 Total Retail 56,182 9,282 996 66,460 177 446 219 842 Drawn exposures Expected credit loss allowance The Bank - Gross drawn exposures and expected credit loss allowance continued Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total £m £m £m £m £m £m £m £m At 31 December 2020 Commercial Banking CMS 1-10 17,907 175 — 18,082 20 — — 20 CMS 11-14 22,449 5,928 — 28,377 114 94 — 208 CMS 15-18 3,722 5,548 — 9,270 76 332 — 408 CMS 19 — 549 — 549 — 101 — 101 CMS 20-23 — — 1,865 1,865 — — 496 496 44,078 12,200 1,865 58,143 210 527 496 1,233 Other RMS 1-6 230 12 — 242 2 1 — 3 RMS 7-9 — — — — — — — — RMS 10 — — — — — — — — RMS 11-13 — — — — — — — — RMS 14 — — 6 6 — — 3 3 230 12 6 248 2 1 3 6 CMS 1-10 55,595 — — 55,595 — — — — CMS 11-14 104 — — 104 — — — — CMS 15-18 — — — — — — — — CMS 19 — — — — — — — — CMS 20-23 — — — — — — — — 55,699 — — 55,699 — — — — Central adjustment — — — — 200 — — 200 Total loans and advances to customers and reverse repurchase agreements 156,189 21,494 2,867 180,550 589 974 718 2,281 In respect of: Retail 56,182 9,282 996 66,460 177 446 219 842 Commercial Banking 44,078 12,200 1,865 58,143 210 527 496 1,233 Other 1 55,929 12 6 55,947 202 1 3 206 Total loans and advances to customers and reverse repurchase agreements 156,189 21,494 2,867 180,550 589 974 718 2,281 1 Contains mainly reverse repurchase agreement balances. Undrawn exposures Expected credit loss allowance The Bank - Gross undrawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total £m £m £m £m £m £m £m £m At 31 December 2020 Loans and advances to customers and reverse repurchase agreements Retail - UK mortgages RMS 1-6 1,720 — — 1,720 — — — — RMS 7-9 — — — — — — — — RMS 10 — — — — — — — — RMS 11-13 — — — — — — — — RMS 14 — — — — — — — — 1,720 — — 1,720 — — — — Retail - credit cards RMS 1-6 14,814 1,081 — 15,895 17 19 — 36 RMS 7-9 154 154 — 308 3 4 — 7 RMS 10 3 21 — 24 — 1 — 1 RMS 11-13 — 24 — 24 — 2 — 2 RMS 14 — — 13 13 — — — — 14,971 1,280 13 16,264 20 26 — 46 Retail - loans and overdrafts RMS 1-6 3,414 99 — 3,513 8 4 — 12 RMS 7-9 160 74 — 234 4 8 — 12 RMS 10 8 22 — 30 1 4 — 5 RMS 11-13 2 42 — 44 — 12 — 12 RMS 14 — — 10 10 — — — — 3,584 237 10 3,831 13 28 — 41 Retail - UK Motor Finance RMS 1-6 24 — — 24 — — — — RMS 7-9 — — — — — — — — RMS 10 — — — — — — — — RMS 11-13 — — — — — — — — RMS 14 — — — — — — — — 24 — — 24 — — — — Retail - other RMS 1-6 923 18 — 941 6 2 — 8 RMS 7-9 131 31 — 162 8 12 — 20 RMS 10 — — — — — — — — RMS 11-13 — 10 — 10 — 6 — 6 RMS 14 — — 1 1 — — — — 1,054 59 1 1,114 14 20 — 34 Total Retail 21,353 1,576 24 22,953 47 74 — 121 Undrawn exposures Expected credit loss allowance The Bank - Gross undrawn exposures and expected credit loss allowance continued Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total £m £m £m £m £m £m £m £m At 31 December 2020 Commercial Banking CMS 1-10 27,598 — — 27,598 14 — — 14 CMS 11-14 8,105 1,239 — 9,344 26 13 — 39 CMS 15-18 829 1,057 — 1,886 13 41 — 54 CMS 19 — 54 — 54 — 7 — 7 CMS 20-23 — — 189 189 — — 8 8 36,532 2,350 189 39,071 53 61 8 122 Other RMS 1-6 242 — — 242 2 — — 2 RMS 7-9 — — — — — — — — RMS 10 — — — — — — — — RMS 11-13 — — — — — — — — RMS 14 — — — — — — — — 242 — — 242 2 — — 2 CMS 1-10 500 — — 500 — — — — CMS 11-14 — — — — — — — — CMS 15-18 — — — — — — — — CMS 19 — — — — — — — — CMS 20-23 — — — — — — — — 500 — — 500 — — — — Total loans and advances to customers and reverse repurchase agreements 58,627 3,926 213 62,766 102 135 8 245 In respect of: Retail 21,353 1,576 24 22,953 47 74 — 121 Commercial Banking 36,532 2,350 189 39,071 53 61 8 122 Other 742 — — 742 2 — — 2 Total loans and advances to customers and reverse repurchase agreements 58,627 3,926 213 62,766 102 135 8 245 Cash and balances at central banks Significantly all of the Group’s cash and balances at central banks of £54,279 million (2020: £49,888 million) are due from the Bank of England or the Deutsche Bundesbank. Debt securities held at amortised cost An analysis by credit rating of debt securities held at amortised cost is provided below: 2021 2020 Investment grade 1 Other 2 Total Investment grade 1 Other 2 Total The Group £m £m £m £m £m £m Asset-backed securities: Mortgage-backed securities 1,457 — 1,457 2,046 — 2,046 Other asset-backed securities 1,590 18 1,608 1,593 20 1,613 3,047 18 3,065 3,639 20 3,659 Corporate and other debt securities 1,498 1 1,499 1,463 16 1,479 Gross exposure 4,545 19 4,564 5,102 36 5,138 Allowance for impairment losses (2) (1) Total debt securities held at amortised cost 4,562 5,137 1 Credit ratings equal to or better than ‘BBB’. 2 Other comprises sub-investment grade (2021: £18 million; 2020: £8 million and not rated (2021: £1 million; 2020: £28 million). 2021 2020 Investment grade 1 Other 2 Total Investment grade 1 Other 2 Total The Bank £m £m £m £m £m £m Asset-backed securities: Mortgage-backed securities 1,151 — 1,151 1,741 — 1,741 Other asset-backed securities 1,115 — 1,115 1,103 — 1,103 2,266 — 2,266 2,844 — 2,844 Corporate and other debt securities 1,490 — 1,490 1,457 15 1,472 Gross exposure 3,756 — 3,756 4,301 15 4,316 Allowance for impairment losses — (1) Total debt securities held at amortised cost 3,756 4,315 1 Credit ratings equal to or better than ‘BBB’. 2 Other comprises sub-investment grade (2021: £nil; 2020: £nil) and not rated (2021: £nil; 2020: £15 million). Financial assets at fair value through other comprehensive income (excluding equity shares) An analysis of financial a |
CASH FLOW STATEMENTS_2
CASH FLOW STATEMENTS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of cash flow statement [text block] [Abstract] | |
CASH FLOW STATEMENTS | NOTE 45: CASH FLOW STATEMENTS (A) Change in operating assets The Group The Bank 2021 2020 2019 2021 2020 2019 £m £m £m £m £m £m Change in amounts due from fellow Lloyds Banking Group undertakings (1) 1,116 24 20,347 73,506 (48,692) Change in other financial assets held at amortised cost 3,292 (9,688) (11,832) 15,167 (1,815) (5,482) Change in financial assets at fair value through profit or loss (124) 610 20,972 (2,805) (1,021) 20,140 Change in derivative financial instruments 1,548 479 3,677 6,085 753 2,428 Change in other operating assets 345 627 63 10 239 63 Change in operating assets 5,060 (6,856) 12,904 38,804 71,662 (31,543) (B) Change in operating liabilities The Group The Bank 2021 2020 2019 2021 2020 2019 £m £m £m £m £m £m Change in deposits from banks and repurchase agreements 8,451 1,404 (2,670) (7,479) 3,182 1,802 Change in customer deposits and repurchase agreements 14,825 37,728 5,593 4,231 24,711 10,360 Change in amounts due to fellow Lloyds Banking Group undertakings (806) (1,316) (8,142) (12,468) (73,233) 28,016 Change in financial liabilities at fair value through profit or loss (380) (946) (10,447) 1,828 135 (10,441) Change in derivative financial instruments (3,585) (1,603) (1,080) (4,970) (3,139) (335) Change in debt securities in issue (10,569) (17,138) 11,898 (9,670) (13,400) 11,722 Change in other operating liabilities 1 174 (288) (782) 513 (249) (1,823) Change in operating liabilities 8,110 17,841 (5,630) (28,015) (61,993) 39,301 1 Includes a decrease of £182 million (2020: decrease of £163 million; 2019: increase of £43 million) for the Group and a decrease of £108 million (2020: decrease of £42 million; 2019: increase of £20 million) for the Bank in respect of lease liabilities. (C) Non-cash and other items The Group The Bank 2021 2020 2019 2021 2020 2019 £m £m £m £m £m £m Depreciation and amortisation 2,777 2,670 2,602 1,671 1,325 1,245 Permanent diminution in value of investment in subsidiaries — — — — — 159 Dividends and distributions on other equity instruments received from subsidiary undertakings — — — (1,503) (211) (1,434) Revaluation of investment properties — 20 8 — — — Allowance for loan losses (1,085) 3,802 1,380 (648) 1,742 490 Write-off of allowance for loan losses, net of recoveries (935) (1,279) (1,457) (442) (622) (759) Impairment (credit) charge relating to undrawn balances (231) 253 (17) (134) 155 14 Impairment of financial assets at fair value through other comprehensive income (2) 5 (1) 1 1 (1) Regulatory and legal provisions 1,177 414 2,190 196 312 996 Other provision movements (82) 80 (161) (71) 18 (43) Additional capital injections to subsidiaries — — — (36) (33) (53) Net charge in respect of defined benefit schemes 236 247 245 114 121 131 Foreign exchange impact on balance sheet 1 159 823 420 (48) 491 (230) Interest expense on subordinated liabilities 570 846 947 484 534 657 Profit on disposal of businesses — — (107) — — — Other non-cash items (1,173) (1,216) (347) (867) (339) (174) Total non-cash items 1,411 6,665 5,702 (1,283) 3,494 998 Contributions to defined benefit schemes (1,347) (1,153) (1,069) (823) (650) (563) Payments in respect of regulatory and legal provisions (680) (2,165) (3,164) (190) (959) (1,385) Other (45) 137 — 237 (65) — Total other items (2,072) (3,181) (4,233) (776) (1,674) (1,948) Non-cash and other items (661) 3,484 1,469 (2,059) 1,820 (950) 1 When considering the movement on each line of the balance sheet, the impact of foreign exchange rate movements is removed in order to show the underlying cash impact. (D) Analysis of cash and cash equivalents as shown in the balance sheet The Group The Bank 2021 2020 2019 2021 2020 2019 £m £m £m £m £m £m Cash and balances at central banks 54,279 49,888 38,880 49,618 45,753 35,741 Less mandatory reserve deposits 1 (4,777) (4,392) (3,177) (963) (954) (764) 49,502 45,496 35,703 48,655 44,799 34,977 Loans and advances to banks and reverse repurchase agreements 7,474 5,950 4,852 7,287 5,656 4,453 Less amounts with a maturity of three months or more (3,786) (2,480) (1,941) (3,712) (2,387) (1,648) 3,688 3,470 2,911 3,575 3,269 2,805 Total cash and cash equivalents 53,190 48,966 38,614 52,230 48,068 37,782 |
FUTURE ACCOUNTING DEVELOPMENTS
FUTURE ACCOUNTING DEVELOPMENTS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of events after reporting period [text block] [Abstract] | |
FUTURE ACCOUNTING DEVELOPMENTS | NOTE 46: FUTURE ACCOUNTING DEVELOPMENTS The IASB has issued a number of minor amendments to IFRSs effective 1 January 2022 and in later years (including IFRS 9 Financial Instruments and IAS 37 Provisions, Contingent Liabilities and Contingent Assets) . These amendments are not applicable for the year ended 31 December 2021 and have not been applied in preparing these financial statements. They are not expected to have a significant impact on the Group. |
ACCOUNTING POLICIES (Policies)
ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of significant accounting policies [Abstract] | |
Consolidation | The assets, liabilities and results of Group undertakings (including structured entities) are included in the financial statements on the basis of accounts made up to the reporting date. Group undertakings include subsidiaries, associates and joint ventures. (1) Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an entity when it has power over the entity, is exposed to, or has rights to, variable returns from its involvement with the entity, and has the ability to affect those returns through the exercise of its power. This generally accompanies a shareholding of more than one half of the voting rights although in certain circumstances a holding of less than one half of the voting rights may still result in the ability of the Group to exercise control. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Group controls another entity. The Group reassesses whether or not it controls an entity if facts and circumstances indicate that there are changes to any of the above elements. Subsidiaries are fully consolidated from the date on which control is transferred to the Group; they are de-consolidated from the date that control ceases. Structured entities are entities that are designed so that their activities are not governed by way of voting rights. In assessing whether the Group has power over such entities in which it has an interest, the Group considers factors such as the purpose and design of the entity; its practical ability to direct the relevant activities of the entity; the nature of the relationship with the entity; and the size of its exposure to the variability of returns of the entity. The treatment of transactions with non-controlling interests depends on whether, as a result of the transaction, the Group loses control of the subsidiary. Changes in the parent’s ownership interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions; any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity and attributed to the owners of the parent entity. Where the Group loses control of the subsidiary, at the date when control is lost the amount of any non-controlling interest in that former subsidiary is derecognised and any investment retained in the former subsidiary is remeasured to its fair value; the gain or loss that is recognised in profit or loss on the partial disposal of the subsidiary includes the gain or loss on the remeasurement of the retained interest. Intercompany transactions, balances and unrealised gains and losses on transactions between Group companies are eliminated. The acquisition method of accounting is used to account for business combinations by the Group. The consideration for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the Group. The consideration includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs are expensed as incurred except those relating to the issuance of debt instruments (see (E)(4) below) or share capital (see (O) below). Identifiable assets acquired and liabilities assumed in a business combination are measured initially at their fair value at the acquisition date. (2) Joint ventures and associates Joint ventures are joint arrangements over which the Group has joint control with other parties and has rights to the net assets of the arrangements. Joint control is the contractually agreed sharing of control of an arrangement and only exists when decisions about the relevant activities require the unanimous consent of the parties sharing control. Associates are entities over which the Group has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the entity, but is not control or joint control of those policies, and is generally achieved through holding between 20 per cent and 50 per cent of the voting share capital of the entity. |
Goodwill | Goodwill arises on business combinations and represents the excess of the cost of an acquisition over the fair value of the Group’s share of the identifiable assets, liabilities and contingent liabilities acquired. Where the fair value of the Group’s share of the identifiable assets, liabilities and contingent liabilities of the acquired entity is greater than the cost of acquisition, the excess is recognised immediately in the income statement. Goodwill is recognised as an asset at cost and is tested at least annually for impairment. If an impairment is identified the carrying value of the goodwill is written down immediately through the income statement and is not subsequently reversed. At the date of disposal of a subsidiary, the carrying value of attributable goodwill is included in the calculation of the profit or loss on disposal. |
Other intangible assets | Intangible assets which have been determined to have a finite useful life are amortised on a straight-line basis over their estimated useful life as follows: up to 7 years for capitalised software; 10 to 15 years for brands and other intangible assets. Intangible assets with finite useful lives are reviewed at each reporting date to assess whether there is any indication that they are impaired. If any such indication exists the recoverable amount of the asset is determined and in the event that the asset’s carrying amount is greater than its recoverable amount, it is written down immediately. Certain brands have been determined to have an indefinite useful life and are not amortised. Such intangible assets are assessed annually to determine whether the asset is impaired and to reconfirm that an indefinite useful life remains appropriate. In the event that an indefinite life is inappropriate, a finite life is determined and a further impairment review is performed on the asset. |
Revenue recognition | (1) Net interest income Interest income and expense are recognised in the income statement using the effective interest method for all interest-bearing financial instruments, except for those classified at fair value through profit or loss. The effective interest method is a method of calculating the amortised cost of a financial asset or liability and of allocating the interest income or interest expense over the expected life of the financial instrument. The effective interest rate is the rate that exactly discounts the estimated future cash payments or receipts over the expected life of the financial instrument to the gross carrying amount of the financial asset (before adjusting for expected credit losses) or to the amortised cost of the financial liability, including early redemption fees, other fees, and premiums and discounts that are an integral part of the overall return. In the case of financial assets that are purchased or originated credit-impaired, the effective interest rate is the rate that discounts the estimated future cash flows to the amortised cost of the instrument. Direct incremental transaction costs related to the acquisition, issue or disposal of a financial instrument are also taken into account. Interest income from non-credit impaired financial assets is recognised by applying the effective interest rate to the gross carrying amount of the asset; for credit impaired financial assets, the effective interest rate is applied to the net carrying amount after deducting the allowance for expected credit losses. Impairment policies are set out in (H) below. (2) Fee and commission income and expense Fees and commissions receivable which are not an integral part of the effective interest rate are recognised as income as the Group fulfils its performance obligations. The Group’s principal performance obligations arising from contracts with customers are in respect of value added current accounts, credit cards and debit cards. These fees are received, and the Group provides the service, monthly; the fees are recognised in income on this basis. The Group also receives certain fees in respect of its asset finance business where the performance obligations are typically fulfilled towards the end of the customer contract; these fees are recognised in income on this basis. Where it is unlikely that the loan commitments will be drawn, loan commitment fees are recognised in fee and commission income over the life of the facility, rather than as an adjustment to the effective interest rate for loans expected to be drawn. Incremental costs incurred to generate fee and commission income are charged to fees and commissions expense as they are incurred. (3) Other Dividend income is recognised when the right to receive payment is established. Revenue recognition policies specific to trading income are set out in (E)(3) below; those relating to leases are set out in (J)(1) below. |
Financial assets and liabilities | On initial recognition, financial assets are classified as measured at amortised cost, fair value through other comprehensive income or fair value through profit or loss, depending on the Group’s business model for managing the financial assets and whether the cash flows represent solely payments of principal and interest. The Group assesses its business models at a portfolio level based on its objectives for the relevant portfolio, how the performance of the portfolio is managed and reported, and the frequency of asset sales. Financial assets with embedded derivatives are considered in their entirety when considering their cash flow characteristics. The Group reclassifies financial assets only when its business model for managing those assets changes. A reclassification will only take place when the change is significant to the Group’s operations and will occur at a portfolio level and not for individual instruments; reclassifications are expected to be rare. Equity investments are measured at fair value through profit or loss unless the Group elects at initial recognition to account for the instruments at fair value through other comprehensive income. For these instruments, principally strategic investments, dividends are recognised in profit or loss but fair value gains and losses are not subsequently reclassified to profit or loss following derecognition of the investment. The Group initially recognises loans and advances, deposits, debt securities in issue and subordinated liabilities when the Group becomes a party to the contractual provisions of the instrument. Regular way purchases and sales of securities and other financial assets and trading liabilities are recognised on trade date, being the date that the Group is committed to purchase or sell an asset. Financial assets are derecognised when the contractual right to receive cash flows from those assets has expired or when the Group has transferred its contractual right to receive the cash flows from the assets and either: substantially all of the risks and rewards of ownership have been transferred; or the Group has neither retained nor transferred substantially all of the risks and rewards, but has transferred control. Financial liabilities are derecognised when the obligation is discharged, cancelled or expires. (1) Financial instruments measured at amortised cost Financial assets that are held to collect contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortised cost. A basic lending arrangement results in contractual cash flows that are solely payments of principal and interest on the principal amount outstanding. Where the contractual cash flows introduce exposure to risks or volatility unrelated to a basic lending arrangement such as changes in equity prices or commodity prices, the payments do not comprise solely principal and interest. Financial assets measured at amortised cost are predominantly loans and advances to customers and banks together with certain debt securities used by the Group to manage its liquidity. Loans and advances are initially recognised when cash is advanced to the borrower at fair value inclusive of transaction costs. Interest income is accounted for using the effective interest method (see (D) above). Financial liabilities are measured at amortised cost, except for trading liabilities and other financial liabilities designated at fair value through profit or loss on initial recognition which are held at fair value. Where changes are made to the contractual cash flows of a financial asset or financial liability that are economically equivalent and arise as a direct consequence of interest rate benchmark reform, the Group updates the effective interest rate and does not recognise an immediate gain or loss. (2) Financial assets measured at fair value through other comprehensive income Financial assets that are held to collect contractual cash flows and for subsequent sale, where the assets’ cash flows represent solely payments of principal and interest, are recognised in the balance sheet at their fair value, inclusive of transaction costs. Interest calculated using the effective interest method and foreign exchange gains and losses on assets denominated in foreign currencies are recognised in the income statement. All other gains and losses arising from changes in fair value are recognised directly in other comprehensive income, until the financial asset is either sold or matures, at which time the cumulative gain or loss previously recognised in other comprehensive income is recognised in the income statement other than in respect of equity shares, for which the cumulative revaluation amount is transferred directly to retained profits. The Group recognises a charge for expected credit losses in the income statement (see (H) below). As the asset is measured at fair value, the charge does not adjust the carrying value of the asset, it is reflected in other comprehensive income. (3) Financial instruments measured at fair value through profit or loss Financial assets are classified at fair value through profit or loss where they do not meet the criteria to be measured at amortised cost or fair value through other comprehensive income or where they are designated at fair value through profit or loss to reduce an accounting mismatch. All derivatives are carried at fair value through profit or loss. Derivatives are carried on the balance sheet as assets when their fair value is positive and as liabilities when their fair value is negative. Refer to note 41(3) (Financial instruments: Financial assets and liabilities carried at fair value) for details of valuation techniques and significant inputs to valuation models. Derivatives embedded in a financial asset are not considered separately; the financial asset is considered in its entirety when determining whether its cash flows are solely payments of principal and interest. Derivatives embedded in financial liabilities are treated as separate derivatives when their economic characteristics and risks are not closely related to those of the host contract and the host contract is not carried at fair value through profit or loss. These embedded derivatives are measured at fair value with changes in fair value recognised in the income statement. Trading securities, which are debt securities and equity shares acquired principally for the purpose of selling in the short term or which are part of a portfolio which is managed for short-term gains, do not meet these criteria and are also measured at fair value through profit or loss. Financial assets measured at fair value through profit or loss are recognised in the balance sheet at their fair value. Fair value gains and losses together with interest coupons and dividend income are recognised in the income statement within net trading income. Financial liabilities are measured at fair value through profit or loss where they are trading liabilities or where they are designated at fair value through profit or loss in order to reduce an accounting mismatch; where the liabilities are part of a group of liabilities (or assets and liabilities) which is managed, and its performance evaluated, on a fair value basis; or where the liabilities contain one or more embedded derivatives that significantly modify the cash flows arising under the contract and would otherwise need to be separately accounted for. Financial liabilities measured at fair value through profit or loss are recognised in the balance sheet at their fair value. Fair value gains and losses are recognised in the income statement within net trading income in the period in which they occur, except that gains and losses attributable to changes in own credit risk are recognised in other comprehensive income. The fair values of assets and liabilities traded in active markets are based on current bid and offer prices, respectively, which include the expected effects of potential changes to laws and regulations, risks associated with climate change and other factors. If the market is not active the Group establishes a fair value by using valuation techniques. The fair values of derivative financial instruments are adjusted where appropriate to reflect credit risk (via credit valuation adjustments (CVAs), debit valuation adjustments (DVAs) and funding valuation adjustments (FVAs)), market liquidity and other risks. (4) Borrowings Borrowings (which include deposits from banks, customer deposits, debt securities in issue and subordinated liabilities) are recognised initially at fair value, being their issue proceeds net of transaction costs incurred. These instruments are subsequently stated at amortised cost using the effective interest method. Preference shares and other instruments which carry a mandatory coupon or are redeemable on a specific date are classified as financial liabilities. The coupon on these instruments is recognised in the income statement as interest expense. Securities which carry a discretionary coupon and have no fixed maturity or redemption date are classified as other equity instruments. Interest payments on these securities are recognised as distributions from equity in the period in which they are paid. An exchange of financial liabilities on substantially different terms is accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability. The difference between the carrying amount of a financial liability extinguished and the new financial liability is recognised in profit or loss together with any related costs or fees incurred. When a financial liability is exchanged for an equity instrument, the new equity instrument is recognised at fair value and any difference between the carrying value of the liability and the fair value of the new equity is recognised in profit or loss. (5) Sale and repurchase agreements (including securities lending and borrowing) Securities sold subject to repurchase agreements (repos) continue to be recognised on the balance sheet where substantially all of the risks and rewards are retained. Funds received for repos carried at fair value are included within trading liabilities. Conversely, securities purchased under agreements to resell (reverse repos), where the Group does not acquire substantially all of the risks and rewards of ownership, are measured at amortised cost or at fair value. Those measured at fair value are recognised within trading securities. The difference between sale and repurchase price is treated as interest and accrued over the life of the agreements using the effective interest method. Securities borrowing and lending transactions are typically secured; collateral takes the form of securities or cash advanced or received. Securities lent to counterparties are retained on the balance sheet. Securities borrowed are not recognised on the balance sheet, unless these are sold to third parties, in which case the obligation to return them is recorded at fair value as a trading liability. Cash collateral given or received is treated as a loan and advance measured at amortised cost or customer deposit. |
Hedge accounting | As permitted by IFRS 9, the Group continues to apply the requirements of IAS 39 to its hedging relationships. Changes in the fair value of all derivative instruments, other than those in effective cash flow and net investment hedging relationships, are recognised immediately in the income statement. As noted in (2) and (3) below, the change in fair value of a derivative in an effective cash flow or net investment hedging relationship is allocated between the income statement and other comprehensive income. Hedge accounting allows one financial instrument, generally a derivative such as a swap, to be designated as a hedge of another financial instrument such as a loan or deposit or a portfolio of such instruments. At the inception of the hedge relationship, formal documentation is drawn up specifying the hedging strategy, the hedged item, the hedging instrument and the methodology that will be used to measure the effectiveness of the hedge relationship in offsetting changes in the fair value or cash flow of the hedged risk. The effectiveness of the hedging relationship is tested both at inception and throughout its life and if at any point it is concluded that it is no longer highly effective in achieving its documented objective, hedge accounting is discontinued. Note 14 provides details of the types of derivatives held by the Group and presents separately those designated in hedge relationships. Where there is uncertainty arising from interest rate benchmark reform, the Group assumes that the interest rate benchmark on which the hedged cash flows and/or the hedged risk are based, or the interest rate benchmark on which the cash flows of the hedging instrument are based, are not altered as a result of interest rate benchmark reform. The Group does not discontinue a hedging relationship during the period of uncertainty arising from the interest rate benchmark reform solely because the actual results of the hedge are not highly effective. Where the contractual terms of a financial asset, financial liability or derivative are amended, on an economically equivalent basis, as a direct consequence of interest rate benchmark reform, the uncertainty arising from the reform is no longer present. In these circumstances, the Group amends the hedge documentation to reflect the changes required by the reform; these changes to the documentation do not in and of themselves result in the discontinuation of hedge accounting or require the designation of a new hedge relationship. (1) Fair value hedges Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recorded in the income statement, together with the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk; this also applies if the hedged asset is classified as a financial asset at fair value through other comprehensive income. If the hedge no longer meets the criteria for hedge accounting, changes in the fair value of the hedged item attributable to the hedged risk are no longer recognised in the income statement. The cumulative adjustment that has been made to the carrying amount of the hedged item is amortised to the income statement using the effective interest method over the period to maturity. (2) Cash flow hedges The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognised in other comprehensive income in the cash flow hedging reserve. The gain or loss relating to the ineffective portion is recognised immediately in the income statement. Amounts accumulated in equity are reclassified to the income statement in the periods in which the hedged item affects profit or loss. When a hedging instrument expires or is sold, or when a hedge no longer meets the criteria for hedge accounting, any cumulative gain or loss existing in equity at that time remains in equity and is recognised in the income statement when the forecast transaction is ultimately recognised in the income statement. When a forecast transaction is no longer expected to occur, the cumulative gain or loss that was reported in equity is immediately transferred to the income statement. (3) Net investment hedges Hedges of net investments in foreign operations are accounted for similarly to cash flow hedges. Any gain or loss on the hedging instrument relating to the effective portion of the hedge is recognised in other comprehensive income, the gain or loss relating to the ineffective portion is recognised immediately in the income statement. Gains and losses accumulated in equity are included in the income statement when the foreign operation is disposed of. The hedging instrument used in net investment hedges may include non-derivative liabilities as well as derivative financial instruments. |
Offset | Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right of offset and there is an intention to settle on a net basis, or realise the asset and settle the liability simultaneously. Cash collateral on exchange traded derivative transactions is presented gross unless the collateral cash flows are always settled net with the derivative cash flows. In certain situations, even though master netting agreements exist, the lack of management intention to settle on a net basis results in the financial assets and liabilities being reported gross on the balance sheet. |
Impairment of financial assets | The impairment charge in the income statement reflects the change in expected credit losses, including those arising from fraud. Expected credit losses are recognised for loans and advances to customers and banks, other financial assets held at amortised cost, financial assets (other than equity investments) measured at fair value through other comprehensive income, and certain loan commitments and financial guarantee contracts. Expected credit losses are calculated as an unbiased and probability-weighted estimate using an appropriate probability of default, adjusted to take into account a range of possible future economic scenarios, and applying this to the estimated exposure of the Group at the point of default after taking into account the value of any collateral held, repayments, or other mitigants of loss and including the impact of discounting using the effective interest rate. At initial recognition, allowance (or provision in the case of some loan commitments and financial guarantees) is made for expected credit losses resulting from default events that are possible within the next 12 months (12-month expected credit losses). In the event of a significant increase in credit risk since origination, allowance (or provision) is made for expected credit losses resulting from all possible default events over the expected life of the financial instrument (lifetime expected credit losses). Financial assets where 12-month expected credit losses are recognised are considered to be Stage 1; financial assets which are considered to have experienced a significant increase in credit risk since initial recognition are in Stage 2; and financial assets which have defaulted or are otherwise considered to be credit-impaired are allocated to Stage 3. Some Stage 3 assets, mainly in Commercial Banking, are subject to individual rather than collective assessment. Such cases are subject to a risk-based impairment sanctioning process, and these are reviewed and updated at least quarterly, or more frequently if there is a significant change in the credit profile. The collective assessment of impairment aggregates financial instruments with similar risk characteristics, such as whether the facility is revolving in nature or secured and the type of security against financial assets. 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 (PD) movements linked to internal credit ratings together with qualitative indicators such as watchlists and other indicators of historical delinquency, credit weakness or financial difficulty. The use of internal credit ratings and qualitative indicators ensures alignment between the assessment of staging and the Group’s management of credit risk which utilises these internal metrics within distinct retail and commercial portfolio risk management practices. However, unless identified at an earlier stage, the credit risk of financial assets is deemed to have increased significantly when more than 30 days past due. The use of a payment holiday in and of 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. Where the credit risk subsequently improves such that it no longer represents a significant increase in credit risk since initial recognition, the asset is transferred back to Stage 1. Assets are transferred to Stage 3 when they have defaulted or are otherwise considered to be credit-impaired. Default is considered to have occurred when there is evidence that the customer is experiencing financial difficulty which is likely to affect significantly the ability to repay the amount due. IFRS 9 contains a rebuttable presumption that default occurs no later than when a payment is 90 days past due. The Group uses this 90 day backstop for all its products except for UK mortgages. For UK mortgages, the Group uses a backstop of 180 days past due as mortgage exposures more than 90 days past due, but less than 180 days, typically show high cure rates and this aligns with the Group’s risk management practices. Key differences between Stage 3 balances and non-performing loans relate to the use of 180 days past due for Stage 3 mortgages and to the cure periods applied to forbearance exposures. 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. In certain circumstances, the Group will renegotiate the original terms of a customer’s loan, either as part of an ongoing customer relationship or in response to adverse changes in the circumstances of the borrower. In the latter circumstances, the loan will remain classified as either Stage 2 or Stage 3 until the credit risk has improved such that it no longer represents a significant increase since origination (for a return to Stage 1), or the loan is no longer credit-impaired (for a return to Stage 2). On renegotiation the gross carrying amount of the loan is recalculated as the present value of the renegotiated or modified contractual cash flows, which are discounted at the original effective interest rate. Renegotiation may also lead to the loan and associated allowance being derecognised and a new loan being recognised initially at fair value. Purchased or originated credit-impaired financial assets (POCI) include financial assets that are purchased or originated at a deep discount that reflects incurred credit losses. At initial recognition, POCI assets do not carry an impairment allowance; instead, lifetime expected credit losses are incorporated into the calculation of the effective interest rate. All changes in lifetime expected credit losses subsequent to the assets’ initial recognition are recognised as an impairment charge. A loan or advance is normally written off, either partially or in full, against the related allowance when the proceeds from realising any available security have been received or there is no realistic prospect of recovery and the amount of the loss has been determined. Subsequent recoveries of amounts previously written off decrease the amount of impairment losses recorded in the income statement. For both secured and unsecured retail balances, the write-off takes place only once an extensive set of collections processes has been completed, or the status of the account reaches a point where policy dictates that continuing attempts to recover are no longer appropriate. For commercial lending, a write-off occurs if the loan facility with the customer is restructured, the asset is under administration and the only monies that can be received are the amounts estimated by the administrator, the underlying assets are disposed and a decision is made that no further settlement monies will be received, or external evidence (for example, third-party valuations) is available that there has been an irreversible decline in expected cash flows. |
Property, plant and equipment | Property, plant and equipment (other than investment property) is included at cost less accumulated depreciation. The value of land (included in premises) is not depreciated. Depreciation on other assets is calculated using the straight-line method to allocate the difference between the cost and the residual value over their estimated useful lives, as follows: the shorter of 50 years and the remaining period of the lease for freehold/long and short leasehold premises; the shorter of 10 years and, if lease renewal is not likely, the remaining period of the lease for leasehold improvements; 10 to 20 years for fixtures and furnishings; and 2 to 8 years for other equipment and motor vehicles. The assets’ residual values and useful lives are reviewed, taking into account considerations such as potential changes to legislation, including those that are climate-related, as well as other factors, and adjusted if appropriate, at each balance sheet date. Assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. In assessing the recoverable amount of assets the Group considers the effects of potential or actual changes in legislation, customer behaviour, climate-related risks and other factors. In the event that an asset’s carrying amount is determined to be greater than its recoverable amount it is written down immediately. The recoverable amount is the higher of the asset’s fair value less costs to sell and its value in use. Investment property comprises freehold and long leasehold land and buildings that are held either to earn rental income or for capital accretion or both. In accordance with the guidance published by the Royal Institution of Chartered Surveyors, investment property is carried at fair value based on current prices for similar properties, adjusted for the specific characteristics of the property (such as location or condition). If this information is not available, the Group uses alternative valuation methods such as discounted cash flow projections or recent prices in less active markets. These valuations are reviewed at least annually by independent professionally qualified valuers. Investment property being redeveloped for continuing use as investment property, or for which the market has become less active, continues to be valued at fair value. |
Leases | Under IFRS 16, a lessor is required to determine whether a lease is a finance or operating lease. A lessee is not required to make this determination. (1) As lessor Assets leased to customers are classified as finance leases if the lease agreements transfer substantially all the risks and rewards of ownership to the lessee but not necessarily legal title. All other leases are classified as operating leases. When assets are subject to finance leases, the present value of the lease payments, together with any unguaranteed residual value, is recognised as a receivable, net of allowances for expected credit losses and residual value impairment, within loans and advances to banks and customers. The difference between the gross receivable and the present value of the receivable is recognised as unearned finance lease income. Finance lease income is recognised in interest income over the term of the lease using the net investment method (before tax) so as to give a constant rate of return on the net investment in the leases. Unguaranteed residual values are reviewed regularly to identify any impairment. Operating lease assets are included within other assets at cost and depreciated over their estimated useful lives, which equates to the lives of the leases, after taking into account anticipated residual values. Operating lease rental income is recognised on a straight-line basis over the life of the lease. The Group evaluates non-lease arrangements such as outsourcing and similar contracts to determine if they contain a lease which is then accounted for separately. (2) As lessee Leases are recognised as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. The lease payments are discounted using the interest rate implicit in the lease, if that rate can be determined, or the Group’s incremental borrowing rate appropriate for the right-of-use asset arising from the lease and the liability recognised within other liabilities. Lease payments are allocated between the liability and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The right-of-use asset is depreciated over the shorter of the asset's useful life and the lease term on a straight-line basis. Payments associated with short-term leases and leases of low-value assets are recognised on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of twelve months or less. Low-value assets comprise IT equipment and small items of office furniture. |
Employee benefits | Short-term employee benefits, such as salaries, paid absences, performance-based cash awards and social security costs, are recognised over the period in which the employees provide the related services. (1) Pension schemes The Group operates a number of post-retirement benefit schemes for its employees including both defined benefit and defined contribution pension plans. A defined benefit scheme is a pension plan that defines an amount of pension benefit that an employee will receive on retirement, dependent on one or more factors such as age, years of service and salary. A defined contribution plan is a pension plan into which the Group pays fixed contributions; there is no legal or constructive obligation to pay further contributions. Scheme assets are included at their fair value and scheme liabilities are measured on an actuarial basis using the projected unit credit method. The defined benefit scheme liabilities are discounted using rates equivalent to the market yields at the balance sheet date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability. The Group’s income statement charge includes the current service cost of providing pension benefits, past service costs, net interest expense (income), and plan administration costs that are not deducted from the return on plan assets. Past service costs, which represents the change in the present value of the defined benefit obligation resulting from a plan amendment or curtailment, are recognised when the plan amendment or curtailment occurs. Net interest expense (income) is calculated by applying the discount rate at the beginning of the period to the net defined benefit liability or asset. Remeasurements, comprising actuarial gains and losses, the return on plan assets (excluding amounts included in net interest expense (income) and net of the cost of managing the plan assets), and the effect of changes to the asset ceiling (if applicable) are reflected immediately in the balance sheet with a charge or credit recognised in other comprehensive income in the period in which they occur. Remeasurements recognised in other comprehensive income are reflected immediately in retained profits and will not subsequently be reclassified to profit or loss. The Group’s balance sheet includes the net surplus or deficit, being the difference between the fair value of scheme assets and the discounted value of scheme liabilities at the balance sheet date. Surpluses are only recognised to the extent that they are recoverable through reduced contributions in the future or through refunds from the schemes. In assessing whether a surplus is recoverable, the Group considers (i) its current right to obtain a refund or a reduction in future contributions and (ii) the rights of other parties existing at the balance sheet date. In determining the rights of third parties existing at the balance sheet date, the Group does not anticipate any future acts by other parties. The costs of the Group’s defined contribution plans are charged to the income statement in the period in which they fall due. (2) Share-based compensation Lloyds Banking Group operates a number of equity-settled, share-based compensation plans in respect of services received from certain of its employees. The value of the employee services received in exchange for equity instruments granted under these plans is recognised as an expense over the vesting period of the instruments, with a corresponding increase in equity. This expense is determined by reference to the fair value of the number of equity instruments that are expected to vest. The fair value of equity instruments granted is based on market prices, if available, at the date of grant. In the absence of market prices, the fair value of the instruments at the date of grant is estimated using an appropriate valuation technique, such as a Black-Scholes option pricing model or a Monte Carlo simulation. The determination of fair values excludes the impact of any non-market vesting conditions, which are included in the assumptions used to estimate the number of options that are expected to vest. At each balance sheet date, this estimate is reassessed and if necessary revised. Any revision of the original estimate is recognised in the income statement, together with a corresponding adjustment to equity. Cancellations by employees of contributions to the Group’s Save As You Earn plans are treated as non-vesting conditions and the Group recognises, in the year of cancellation, the amount of the expense that would have otherwise been recognised over the remainder of the vesting period. Modifications are assessed at the date of modification and any incremental charges are charged to the income statement. |
Taxation | Tax expense comprises current and deferred tax. Current and deferred tax are charged or credited in the income statement except to the extent that the tax arises from a transaction or event which is recognised, in the same or a different period, outside the income statement (either in other comprehensive income, directly in equity, or through a business combination), in which case the tax appears in the same statement as the transaction that gave rise to it. The tax consequences of the Group's dividend payments (including distributions on other equity instruments), if any, are charged or credited to the statement in which the profit distributed originally arose. Current tax is the amount of corporate income taxes expected to be payable or recoverable based on the profit for the period as adjusted for items that are not taxable or not deductible, and is calculated using tax rates and laws that were enacted or substantively enacted at the balance sheet date. Current tax includes amounts provided in respect of uncertain tax positions when management expects that, upon examination of the uncertainty by Her Majesty’s Revenue and Customs (HMRC) or other relevant tax authority, it is more likely than not that an economic outflow will occur. Provisions reflect management’s best estimate of the ultimate liability based on their interpretation of tax law, precedent and guidance, informed by external tax advice as necessary. Changes in facts and circumstances underlying these provisions are reassessed at each balance sheet date, and the provisions are remeasured as required to reflect current information. Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the balance sheet. Deferred tax is calculated using tax rates and laws that have been enacted or substantively enacted at the balance sheet date, and which are expected to apply when the related deferred tax asset is realised or the deferred tax liability is settled. Deferred tax liabilities are generally recognised for all taxable temporary differences but not recognised for taxable temporary differences arising on investments in subsidiaries where the reversal of the temporary difference can be controlled and it is probable that the difference will not reverse in the foreseeable future. Deferred tax liabilities are not recognised on temporary differences that arise from goodwill which is not deductible for tax purposes. Deferred tax assets are recognised to the extent it is probable that taxable profits will be available against which the deductible temporary differences can be utilised, and are reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are not recognised in respect of temporary differences that arise on initial recognition of assets and liabilities acquired other than in a business combination. Deferred tax is not discounted. |
Foreign currency translation | Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (the functional currency). Foreign currency transactions are translated into the appropriate functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement, except when recognised in other comprehensive income as qualifying cash flow or net investment hedges. Non-monetary assets that are measured at fair value are translated using the exchange rate at the date that the fair value was determined. Translation differences on equities and similar non-monetary items held at fair value through profit and loss are recognised in profit or loss as part of the fair value gain or loss. Translation differences on non-monetary financial assets measured at fair value through other comprehensive income, such as equity shares, are included in the fair value reserve in equity unless the asset is a hedged item in a fair value hedge. The results and financial position of all Group entities that have a functional currency different from the presentation currency are translated into the presentation currency as follows: the assets and liabilities of foreign operations, including goodwill and fair value adjustments arising on the acquisition of a foreign entity, are translated into sterling at foreign exchange rates ruling at the balance sheet date; and the income and expenses of foreign operations are translated into sterling at average exchange rates unless these do not approximate to the foreign exchange rates ruling at the dates of the transactions, in which case income and expenses are translated at the dates of the transactions. Foreign exchange differences arising on the translation of a foreign operation are recognised in other comprehensive income and accumulated in a separate component of equity together with exchange differences arising from the translation of borrowings and other currency instruments designated as hedges of such investments (see (F)(3) above). On disposal or liquidation of a foreign operation, the cumulative amount of exchange differences relating to that foreign operation is reclassified from equity and included in determining the profit or loss arising on disposal or liquidation. |
Provisions and contingent liabilities | Provisions are recognised in respect of present obligations arising from past events where it is probable that outflows of resources will be required to settle the obligations and they can be reliably estimated. Contingent liabilities are possible obligations whose existence depends on the outcome of uncertain future events or those present obligations where the outflows of resources are uncertain or cannot be measured reliably. Contingent liabilities are not recognised in the financial statements but are disclosed unless they are remote. Provision is made for expected credit losses in respect of irrevocable undrawn loan commitments and financial guarantee contracts (see (H) above). |
Share capital | Incremental costs directly attributable to the issue of new shares or options or to the acquisition of a business are shown in equity as a deduction, net of tax, from the proceeds. Dividends paid on the Group’s ordinary shares are recognised as a reduction in equity in the period in which they are paid. |
Cash and cash equivalents | For the purposes of the cash flow statement, cash and cash equivalents comprise cash and non-mandatory balances with central banks and amounts due from banks with an original maturity of less than three months. |
Investment in subsidiaries | Investments in subsidiaries are carried at historical cost, less any provisions for impairment. |
CRITICAL ACCOUNTING JUDGEMENT_2
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of accounting judgements and estimates [Abstract] | |
Disclosure of Detailed Information about Allowance For Expected Credit Losses | Key judgements: Determining an appropriate definition of default against which a probability of default, exposure at default and loss given default parameter can be evaluated The appropriate lifetime of an exposure to credit risk for the assessment of lifetime losses, notably on revolving products Establishing the criteria for a significant increase in credit risk (SICR) The use of management judgement alongside impairment modelling processes to adjust inputs, parameters and outputs to reflect risks not captured by models Key estimates: Base case and multiple economic scenarios (MES) assumptions, including the rate of unemployment and the rate of change of house prices, required for creation of MES scenarios and forward-looking credit parameters |
Disclosure of Detailed Information about Significant Increase in Credit Risk | SICR triggers for key Retail portfolios Origination grade 1 2 3 4 5 6 7 Mortgages SICR grade 5 5 6 7 8 9 10 Credit cards, loans and overdrafts SICR grade 4 5 6 7 8 9 10 RMS grade 1 2 3 4 5 6 7 8 9 10 11 12 13 14 PD boundary % 1 0.10 0.40 0.80 1.20 2.50 4.50 7.50 10.00 14.00 20.00 30.00 45.00 99.99 100.00 1 Probability-weighted annualised lifetime probability of default. |
Disclosure of Detailed Information about Total Impact on ECL per Scenario | 2021 2022 2023 2024 2025 2021-2025 average At 31 December 2021 % % % % % % Upside Gross domestic product 7.1 4.0 1.4 1.3 1.4 3.0 UK Bank Rate 0.14 1.44 1.74 1.82 2.03 1.43 Unemployment rate 4.4 3.3 3.4 3.5 3.7 3.7 House price growth 10.1 2.6 4.9 4.7 3.6 5.1 Commercial real estate price growth 12.4 5.8 0.7 1.0 (0.6) 3.7 Base case Gross domestic product 7.1 3.7 1.5 1.3 1.3 2.9 UK Bank Rate 0.14 0.81 1.00 1.06 1.25 0.85 Unemployment rate 4.5 4.3 4.4 4.4 4.5 4.4 House price growth 9.8 0.0 0.0 0.5 0.7 2.1 Commercial real estate price growth 10.2 (2.2) (1.9) 0.1 0.6 1.2 Downside Gross domestic product 7.1 3.4 1.3 1.1 1.2 2.8 UK Bank Rate 0.14 0.45 0.52 0.55 0.69 0.47 Unemployment rate 4.7 5.6 5.9 5.8 5.7 5.6 House price growth 9.2 (4.9) (7.8) (6.6) (4.7) (3.1) Commercial real estate price growth 8.6 (10.1) (7.0) (3.4) (0.3) (2.6) Severe downside Gross domestic product 6.8 0.9 0.4 1.0 1.4 2.1 UK Bank Rate 0.14 0.04 0.06 0.08 0.09 0.08 Unemployment rate 4.9 7.7 8.5 8.1 7.6 7.3 House price growth 9.1 (7.3) (13.9) (12.5) (8.4) (6.9) Commercial real estate price growth 5.8 (19.6) (12.1) (5.3) (0.5) (6.8) Probability-weighted Gross domestic product 7.0 3.4 1.3 1.2 1.3 2.8 UK Bank Rate 0.14 0.82 0.99 1.04 1.20 0.83 Unemployment rate 4.6 4.7 5.0 5.0 4.9 4.8 House price growth 9.6 (1.4) (2.3) (1.7) (1.0) 0.6 Commercial real estate price growth 9.9 (3.9) (3.7) (1.2) (0.1) 0.1 Base case scenario by quarter 1 First Second Third Fourth First Second Third Fourth At 31 December 2021 % % % % % % % % Gross domestic product (1.3) 5.4 1.1 0.4 0.1 1.5 0.5 0.3 UK Bank Rate 0.10 0.10 0.10 0.25 0.50 0.75 1.00 1.00 Unemployment rate 4.9 4.7 4.3 4.3 4.4 4.3 4.3 4.3 House price growth 6.5 8.7 7.4 9.8 8.4 6.1 3.2 (0.0) Commercial real estate price growth (2.9) 3.4 7.5 10.2 8.4 5.2 0.9 (2.2) 1 Gross domestic product presented quarter-on-quarter, house price growth and commercial real estate growth presented year-on-year – i.e. from the equivalent quarter the previous year. UK Bank Rate and unemployment rate are presented as at end of quarter. 2020 2021 2022 2023 2024 2020-2024 average At 31 December 2020 % % % % % % Upside Gross domestic product (10.5) 3.7 5.7 1.7 1.5 0.3 UK Bank Rate 0.10 1.14 1.27 1.20 1.21 0.98 Unemployment rate 4.3 5.4 5.4 5.0 4.5 5.0 House price growth 6.3 (1.4) 5.2 6.0 5.0 4.2 Commercial real estate price growth (4.6) 9.3 3.9 2.1 0.3 2.1 Base case Gross domestic product (10.5) 3.0 6.0 1.7 1.4 0.1 UK Bank Rate 0.10 0.10 0.10 0.21 0.25 0.15 Unemployment rate 4.5 6.8 6.8 6.1 5.5 5.9 House price growth 5.9 (3.8) 0.5 1.5 1.5 1.1 Commercial real estate price growth (7.0) (1.7) 1.6 1.1 0.6 (1.1) Downside Gross domestic product (10.6) 1.7 5.1 1.4 1.4 (0.4) UK Bank Rate 0.10 0.06 0.02 0.02 0.03 0.05 Unemployment rate 4.6 7.9 8.4 7.8 7.0 7.1 House price growth 5.6 (8.4) (6.5) (4.7) (3.0) (3.5) Commercial real estate price growth (8.7) (10.6) (3.2) (0.8) (0.8) (4.9) Severe downside Gross domestic product (10.8) 0.3 4.8 1.3 1.2 (0.8) UK Bank Rate 0.10 0.00 0.00 0.01 0.01 0.02 Unemployment rate 4.8 9.9 10.7 9.8 8.7 8.8 House price growth 5.3 (11.1) (12.5) (10.7) (7.6) (7.5) Commercial real estate price growth (11.0) (21.4) (9.8) (3.9) (0.8) (9.7) Probability-weighted Gross domestic product (10.6) 2.6 5.5 1.6 1.4 (0.1) UK Bank Rate 0.10 0.39 0.42 0.43 0.45 0.36 Unemployment rate 4.5 7.0 7.3 6.7 6.0 6.3 House price growth 5.9 (5.2) (1.5) (0.2) 0.3 (0.2) Commercial real estate price growth (7.2) (3.0) (0.3) 0.3 (0.1) (2.1) Base case scenario by quarter 1 First Second Third Fourth First Second Third Fourth At 31 December 2020 % % % % % % % % Gross domestic product (3.0) (18.8) 16.0 (1.9) (3.8) 5.6 3.6 1.5 UK Bank Rate 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 Unemployment rate 4.0 4.1 4.8 5.0 5.2 6.5 8.0 7.5 House price growth 2.8 2.6 7.2 5.9 5.5 4.7 (1.6) (3.8) Commercial real estate price growth (5.0) (7.8) (7.8) (7.0) (6.1) (2.9) (2.2) (1.7) 1 Gross domestic product presented quarter-on-quarter, house price growth and commercial real estate growth presented year-on-year – i.e. from the equivalent quarter the previous year. UK Bank Rate and unemployment rate are presented as at end of quarter. Economic assumptions – start to peak 1 At 31 December 2021 At 31 December 2020 Upside Base case Downside Severe Upside Base case Downside Severe % % % % % % % % Gross domestic product 12.6 12.3 11.4 7.6 1.4 0.8 (1.7) (3.0) UK Bank Rate 2.04 1.25 0.71 0.25 1.44 0.25 0.10 0.10 Unemployment rate 4.9 4.9 6.0 8.5 6.5 8.0 9.3 11.5 House price growth 28.5 11.0 9.2 9.1 22.6 5.9 5.6 5.3 Commercial real estate price growth 20.9 10.2 8.6 6.9 11.0 (2.7) (2.7) (2.7) 1 Reflects five year period from 2021 to 2025. Economic assumptions – start to trough 1 At 31 December 2021 At 31 December 2020 Upside Base case Downside Severe Upside Base case Downside Severe % % % % % % % % Gross domestic product (1.3) (1.3) (1.3) (1.3) (21.2) (21.2) (21.2) (21.2) UK Bank Rate 0.10 0.10 0.10 0.02 0.10 0.10 0.01 0.00 Unemployment rate 3.2 4.3 4.3 4.3 4.0 4.0 4.0 4.0 House price growth 1.2 1.2 (14.8) (30.2) (0.5) (0.5) (16.4) (32.4) Commercial real estate price growth 0.8 0.8 (12.8) (30.0) (6.9) (9.0) (22.2) (39.9) 1 Reflects five year period from 2021 to 2025. |
Disclosure of Detailed Information about ECL Sensitivity to Economic Assumptions | The table below shows the Group’s ECL for the upside, base case, downside and severe downside scenarios. The stage allocation for an asset is based on the overall scenario probability-weighted PD and, hence, the staging of assets is constant across all the scenarios. In each economic scenario the ECL for individual assessments and post-model adjustments is constant reflecting the basis on which they are evaluated. Judgements applied through changes to inputs are reflected in the scenario sensitivities. The probability-weighted view shows the extent to which a higher ECL allowance has been recognised to take account of multiple economic scenarios relative to the base case; the uplift being £221 million compared to £495 million at 31 December 2020, noting that if the impact of MES staging was also included, as shown in the table below, this would increase to £228 million compared to £536 million at 31 December 2020. At 31 December 2021 At 31 December 2020 Probability- Upside Base case Downside Severe Probability- Upside Base case Downside Severe £m £m £m £m £m £m £m £m £m £m UK mortgages 837 637 723 967 1,386 1,027 614 803 1,237 2,306 Retail excluding UK mortgages 1,429 1,286 1,392 1,516 1,706 2,368 2,181 2,310 2,487 2,745 Commercial Banking 1,316 1,182 1,246 1,384 1,728 2,315 1,853 2,102 2,575 3,554 Other 418 416 418 419 421 422 420 422 422 428 ECL allowance 4,000 3,521 3,779 4,286 5,241 6,132 5,068 5,637 6,721 9,033 The table below shows the Group’s ECL for the upside, base case, downside and severe downside scenarios, with staging of assets based on each specific scenario probability of default. ECL applied through individual assessments and post-model adjustments is reported flat against each economic scenario, reflecting the basis on which they are evaluated. Judgements applied through changes to inputs are reflected in the scenario sensitivities. A probability-weighted scenario is not shown as this does not reflect the basis on which ECL is reported. At 31 December 2021 At 31 December 2020 Upside Base case Downside Severe Upside Base case Downside Severe £m £m £m £m £m £m £m £m UK mortgages 636 722 973 1,448 602 797 1,269 2,578 Retail excluding UK mortgages 1,270 1,388 1,535 1,767 2,154 2,299 2,509 2,819 Commercial Banking 1,180 1,244 1,397 1,976 1,842 2,079 2,629 3,985 Other 416 418 419 422 420 421 422 429 ECL allowance 3,502 3,772 4,324 5,613 5,018 5,596 6,829 9,811 The table below shows the impact on the Group’s ECL resulting from a 1 percentage point (pp) increase or decrease in the UK unemployment rate. The increase or decrease is presented based on the adjustment phased evenly over the first 10 quarters of the base case scenario. An immediate increase or decrease would drive a more material ECL impact as it would be fully reflected in both 12-month and lifetime PDs. At 31 December 2021 At 31 December 2020 1pp increase in 1pp decrease in 1pp increase in 1pp decrease in £m £m £m £m UK mortgages 23 (18) 25 (23) Retail excluding UK mortgages 34 (34) 54 (54) Commercial Banking 49 (42) 123 (110) Other 1 (1) 1 (1) ECL impact 107 (95) 203 (188) The table below shows the impact on the Group’s ECL in respect of UK mortgages of an increase or decrease in loss given default for a 10 percentage point (pp) increase or decrease in the UK House Price Index (HPI). The increase or decrease is presented based on the adjustment phased evenly over the first 10 quarters of the base case scenario. At 31 December 2021 At 31 December 2020 10pp increase 10pp decrease 10pp increase 10pp decrease ECL impact, £m (112) 162 (206) 284 |
Disclosure of Detailed Information about Application of Judgement in Adjustments to Modelled ECL | The table below analyses total ECL allowance by portfolio, separately identifying the amounts that have been modelled, those that have been individually assessed and those arising through the application of management judgement. Modelled Individually Judgements 1 Other Total ECL £m £m £m £m £m At 31 December 2021 UK mortgages 292 — 67 478 837 Credit cards 436 — 94 (9) 521 Other Retail 801 — 57 50 908 Commercial Banking 270 905 155 (14) 1,316 Other 18 — 400 — 418 Total 1,817 905 773 505 4,000 At 31 December 2020 UK mortgages 481 — 36 510 1,027 Credit cards 851 — 128 (56) 923 Other Retail 1,209 — 193 43 1,445 Commercial Banking 1,021 1,215 81 (2) 2,315 Other 22 — 400 — 422 Total 3,584 1,215 838 495 6,132 1 Judgements introduced to address the impact that COVID-19 and resulting interventions have had on the Group’s economic outlook and observed loss experience, which have required additional model limitations to be addressed. |
Disclosure of Detailed Information about Defined Benefit Pension Scheme Obligations | Key judgement: Determination of an appropriate yield curve Key estimates: Discount rate applied to future cash flows Expected lifetime of the schemes' members Expected rate of future inflationary increases |
Disclosure of Detailed Information about Recoverability of Deferred Tax Assets and Uncertain Tax Positions | Key judgement: Interpreting tax rules on the Group’s open tax matters |
Disclosure of Detailed Information about Regulatory Positions | Key judgements: Determining the scope of reviews required by regulators The impact of legal decisions that may be relevant to claims received Determining whether a reliable estimate is available for obligations arising from past events Key estimates: The number of future complaints The proportion of complaints that will be upheld The average cost of redress |
Disclosure of Detailed Information about Fair Value of Financial Instruments | Key estimate: Interest rate spreads, earnings multiples and interest rate volatility |
Disclosure of Detailed Information about Capitalised Software Enhancements | Key judgement: Assessing future trading conditions that could affect the Group’s business operations Key estimate: Estimated useful life of internally generated capitalised software |
SEGMENTAL ANALYSIS (Tables)
SEGMENTAL ANALYSIS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of operating segments [abstract] | |
Schedule of Operating Segments | Retail Commercial Other Group £m £m £m £m Year ended 31 December 2021 Net interest income 8,581 2,240 215 11,036 Other income 1,754 753 1,130 3,637 Total income 10,335 2,993 1,345 14,673 Operating expenses (5,766) (2,314) (2,126) (10,206) Impairment credit 455 857 6 1,318 Profit before tax 5,024 1,536 (775) 5,785 External income 11,706 2,643 324 14,673 Inter-segment (expense) income (1,371) 350 1,021 — Segment income 10,335 2,993 1,345 14,673 Segment external assets 371,746 77,451 153,652 602,849 Segment external liabilities 322,146 120,049 119,882 562,077 Analysis of segment other income: Fee and commission income: Current accounts 504 126 4 634 Credit and debit card fees 614 264 — 878 Commercial banking fees — 247 37 284 Factoring — 76 — 76 Other fees and commissions 57 167 99 323 Fee and commission income 1,175 880 140 2,195 Fee and commission expense (577) (230) (135) (942) Net fee and commission income 598 650 5 1,253 Operating lease rental income 1,046 13 — 1,059 Gains less losses on disposal of financial assets at fair value through other comprehensive income — — (116) (116) Other income 110 90 1,241 1,441 Segment other income 1,754 753 1,130 3,637 Other segment items reflected in income statement above: Depreciation and amortisation 1,525 273 979 2,777 Defined benefit scheme charges 89 29 118 236 Other segment items: Additions to fixed assets 1,922 168 1,012 3,102 Retail Commercial Other Group £m £m £m £m Year ended 31 December 2020 Net interest income 8,321 2,300 149 10,770 Other income 1,735 673 1,407 3,815 Total income 10,056 2,973 1,556 14,585 Operating expenses (5,816) (1,673) (1,707) (9,196) Impairment charge (2,384) (1,280) (396) (4,060) Profit (loss) before tax 1,856 20 (547) 1,329 External income 11,859 2,496 230 14,585 Inter-segment (expense) income (1,803) 477 1,326 — Segment income 10,056 2,973 1,556 14,585 Segment external assets 359,171 83,155 157,613 599,939 Segment external liabilities 295,216 126,008 137,597 558,821 Analysis of segment other income: Fee and commission income: Current accounts 497 109 4 610 Credit and debit card fees 517 231 — 748 Commercial banking fees — 169 — 169 Private banking and asset management — — 1 1 Factoring — 76 — 76 Other fees and commissions 63 157 100 320 Fee and commission income 1,077 742 105 1,924 Fee and commission expense (571) (195) (143) (909) Net fee and commission income 506 547 (38) 1,015 Operating lease rental income 1,104 16 — 1,120 Gains less losses on disposal of financial assets at fair value through other comprehensive income — — 145 145 Other income 125 110 1,300 1,535 Segment other income 1,735 673 1,407 3,815 Other segment items reflected in income statement above: Depreciation and amortisation 1,760 242 668 2,670 Defined benefit scheme charges 97 28 122 247 Other segment items: Additions to fixed assets 1,684 89 1,042 2,815 Retail Commercial Other Group £m £m £m £m Year ended 31 December 2019 Net interest income 9,129 2,691 400 12,220 Other income 2,025 870 1,493 4,388 Total income 11,154 3,561 1,893 16,608 Operating expenses (7,912) (1,818) (1,393) (11,123) Impairment charge (1,038) (313) (11) (1,362) Profit before tax 2,204 1,430 489 4,123 External income 13,111 2,773 724 16,608 Inter-segment (expense) income (1,957) 788 1,169 — Segment income 11,154 3,561 1,893 16,608 Segment external assets 351,301 89,630 140,437 581,368 Segment external liabilities 261,019 125,240 156,210 542,469 Analysis of segment other income: Fee and commission income: Current accounts 518 133 5 656 Credit and debit card fees 634 327 — 961 Commercial banking fees — 166 — 166 Private banking and asset management — — 38 38 Factoring — 103 — 103 Other fees and commissions 68 219 152 439 Fee and commission income 1,220 948 195 2,363 Fee and commission expense (571) (299) (157) (1,027) Net fee and commission income 649 649 38 1,336 Operating lease rental income 1,225 22 — 1,247 Gains less losses on disposal of financial assets at fair value through other comprehensive income — (5) 201 196 Other income 151 204 1,254 1,609 Segment other income 2,025 870 1,493 4,388 Other segment items reflected in income statement above: Depreciation and amortisation 1,712 315 575 2,602 Defined benefit scheme charges 108 43 94 245 Other segment items: Additions to fixed assets 2,208 247 1,097 3,552 |
NET INTEREST INCOME (Tables)
NET INTEREST INCOME (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of interest income (expense) [Abstract] | |
Schedule of Net Interest Income | Weighted average 2021 2020 2019 2021 2020 2019 % % % £m £m £m Interest income: Loans and advances to banks and reverse repurchase agreements 0.11 0.20 0.57 70 114 269 Loans and advances to customers and reverse repurchase agreements 2.55 2.76 3.21 12,334 13,358 15,281 Debt securities 1.57 1.82 2.26 74 92 118 Financial assets held at amortised cost 2.27 2.48 2.97 12,478 13,564 15,668 Financial assets at fair value through other comprehensive income 1.69 1.12 1.64 442 302 430 Total interest income 1 2.24 2.42 2.90 12,920 13,866 16,098 Interest expense: Deposits from banks 1.34 1.19 1.39 (66) (82) (87) Customer deposits 0.12 0.40 0.65 (386) (1,270) (2,054) Repurchase agreements 0.10 0.36 1.08 (22) (117) (301) Debt securities in issue 2 1.37 1.13 0.71 (746) (761) (476) Lease liabilities 2.01 2.36 2.41 (30) (39) (39) Subordinated liabilities 7.01 7.19 9.89 (634) (827) (921) Total interest expense 3 0.45 0.71 0.91 (1,884) (3,096) (3,878) Net interest income 11,036 10,770 12,220 1 Includes £10 million (2020: £10 million; 2019: £26 million) of interest income on liabilities with negative interest rates and £38 million (2020: £42 million; 2019: £39 million) in respect of interest income on finance leases. 2 The impact of the Group’s hedging arrangements is included on this line; excluding this impact the weighted average effective interest rate in respect of debt securities in issue would be 2.30 per cent (2020: 2.42 per cent; 2019: 2.25 per cent). 3 Includes £2 million (2020: £23 million; 2019: £119 million) of interest expense on assets with negative interest rates. |
NET FEE AND COMMISSION INCOME (
NET FEE AND COMMISSION INCOME (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of fee and commission income (expense) [Abstract] | |
Schedule of Fee and Commission Income | 2021 2020 2019 £m £m £m Fee and commission income: Current accounts 634 610 656 Credit and debit card fees 878 748 961 Commercial banking fees 284 169 166 Private banking and asset management — 1 38 Factoring 76 76 103 Other fees and commissions 323 320 439 Total fee and commission income 2,195 1,924 2,363 Fee and commission expense (942) (909) (1,027) Net fee and commission income 1,253 1,015 1,336 |
NET TRADING INCOME (Tables)
NET TRADING INCOME (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of trading income (expense) [Abstract] | |
Disclosure of Detailed Information about Net Trading Income (Expense) | 2021 2020 2019 £m £m £m Foreign exchange translation gains (losses) 10 74 (203) Gains on foreign exchange trading transactions 329 326 336 Total foreign exchange 339 400 133 Investment property losses — (20) (8) Securities and other gains (see below) 46 370 235 Net trading income 385 750 360 |
Disclosure of Detailed Information about Net Gains (Losses) on Assets and Liabilities at Fair Value Through Profit And Loss | Securities and other gains comprise net gains (losses) arising on assets and liabilities held at fair value through profit or loss as follows: 2021 2020 2019 £m £m £m Net income arising on assets and liabilities mandatorily held at fair value through profit or loss: Financial instruments held for trading 1 94 440 427 Other financial instruments mandatorily held at fair value through profit or loss: Debt securities, loans and advances 6 37 25 Equity shares 11 9 (3) 111 486 449 Net expense arising on assets and liabilities designated at fair value through profit or loss (65) (116) (214) Securities and other gains 46 370 235 1 Includes hedge ineffectiveness in respect of fair value hedges (2021: gain of £195 million; 2020: gain of £546 million; 2019: gain of £153 million) and cash flow hedges (2021: loss of £58 million; 2020: gain of £259 million; 2019: gain of £131 million). |
OTHER OPERATING INCOME (Tables)
OTHER OPERATING INCOME (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of other operating income (expense) [Abstract] | |
Schedule of Other Operating Income | 2021 2020 2019 £m £m £m Operating lease rental income 1,059 1,120 1,247 Gains less losses on disposal of financial assets at fair value through other comprehensive income (note 33) (116) 145 196 Liability management (39) (216) (101) Intercompany recharges and other 1,095 1,001 1,350 Total other operating income 1,999 2,050 2,692 |
OPERATING EXPENSES (Tables)
OPERATING EXPENSES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of expenses [Abstract] | |
Schedule of Operating Expenses | 2021 2020 2019 £m £m £m Staff costs: Salaries 2,260 2,382 2,370 Performance-based compensation 282 106 340 Social security costs 290 271 308 Pensions and other post-retirement benefit schemes (note 27) 523 552 518 Restructuring costs 88 161 89 Other staff costs 249 143 360 3,692 3,615 3,985 Premises and equipment: Rent and rates 116 115 114 Repairs and maintenance 161 172 182 Other 1 (62) 138 150 215 425 446 Other expenses: Communications and data processing 1,154 996 1,022 Advertising and promotion 161 184 173 Professional fees 150 128 144 Regulatory and legal provisions (note 29) 1,177 414 2,190 Other 880 760 561 3,522 2,482 4,090 Depreciation and amortisation: Depreciation of property, plant and equipment 2 1,823 2,017 2,040 Amortisation of other intangible assets (note 19) 954 653 562 2,777 2,670 2,602 Goodwill impairment (note 18) — 4 — Total operating expenses 10,206 9,196 11,123 1 Net of profits on disposal of operating lease assets of £249 million (2020: £127 million; 2019: £41 million). 2 Comprising depreciation in respect of premises £121 million (2020: £124 million; 2019: £121 million), equipment £777 million (2020: £676 million; 2019: £710 million), operating lease assets £709 million (2020: £1,002 million; 2019: £1,006 million) and right-of-use assets £216 million (2020: £215 million; 2019: £203 million). |
Schedule of Average Number of Persons Employed by the Group | The average number of persons on a headcount basis employed by the Group during the year was as follows: 2021 2020 2019 UK 63,649 67,115 69,321 Overseas 512 515 762 Total 64,161 67,630 70,083 |
AUDITORS' REMUNERATION (Tables)
AUDITORS' REMUNERATION (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of transactions between related parties [abstract] | |
Schedule of Fees Payable to Auditors | Fees payable to the Bank's auditors 1 are as follows: 2021 2020 2019 £m £m £m Fees payable for the: – audit of the Bank's current year Annual report 4.7 4.5 4.2 – audits of the Bank's subsidiaries 9.5 8.9 8.6 – total audit fees in respect of the statutory audit of Group entities 2 14.2 13.4 12.8 – services normally provided in connection with statutory and regulatory filings or engagements 0.7 1.6 1.3 Total audit fees 3 14.9 15.0 14.1 Other audit-related fees 3 0.4 0.3 0.2 All other fees 3 0.5 0.9 0.3 Total non-audit services 4 0.9 1.2 0.5 Total fees payable to the Bank’s auditors by the Group 15.8 16.2 14.6 1 Deloitte LLP became the Group's statutory auditor in 2021. PricewaterhouseCoopers LLP was the statutory auditor during 2020. 2 As defined by the Financial Reporting Council (FRC). 3 As defined by the Securities and Exchange Commission (SEC). 4 As defined by the SEC. Total non-audit services as defined by the FRC include all fees other than audit fees in respect of the statutory audit of Group entities. These fees totalled £1.6 million in 2021 (2020: £2.8 million; 2019: £1.8 million). During the year the auditors 1 also earned fees payable by entities outside the consolidated Lloyds Bank Group in respect of the following: 2021 2020 2019 £m £m £m Audits of Group pension schemes 0.3 0.1 0.1 Reviews of the financial position of corporate and other borrowers — 1.3 — 1 Deloitte LLP became the Group's statutory auditor in 2021. PricewaterhouseCoopers LLP was the statutory auditor during 2020. |
IMPAIRMENT (Tables)
IMPAIRMENT (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of impairment loss and reversal of impairment loss [abstract] | |
Schedule of Impairment | Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m Year ended 31 December 2021 Impact of transfers between stages 74 (474) 339 — (61) Other changes in credit quality (313) (307) 252 (48) (416) Additions and repayments (231) (379) (97) (87) (794) Methodology and model changes (63) 15 6 — (42) Other items 2 4 (11) — (5) (605) (667) 150 (135) (1,257) Total impairment (credit) charge (531) (1,141) 489 (135) (1,318) In respect of: Loans and advances to banks and reverse repurchase agreements (4) — — — (4) Loans and advances to customers and reverse repurchase agreements (436) (1,008) 498 (135) (1,081) Financial assets at amortised cost (440) (1,008) 498 (135) (1,085) Impairment (credit) charge on drawn balances (440) (1,008) 498 (135) (1,085) Loan commitments and financial guarantees (89) (133) (9) — (231) Financial assets at fair value through other comprehensive income (2) — — — (2) Total impairment (credit) charge (531) (1,141) 489 (135) (1,318) Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m Year ended 31 December 2020 Impact of transfers between stages (168) 925 699 — 1,456 Other changes in credit quality 909 6 1,164 167 2,246 Additions and repayments 77 173 (52) (30) 168 Methodology and model changes (31) 170 26 — 165 Other items — — 25 — 25 955 349 1,163 137 2,604 Total impairment charge 787 1,274 1,862 137 4,060 In respect of: Loans and advances to banks and reverse repurchase agreements 4 — — — 4 Loans and advances to customers and reverse repurchase agreements 678 1,130 1,853 137 3,798 Financial assets at amortised cost 682 1,130 1,853 137 3,802 Impairment charge on drawn balances 682 1,130 1,853 137 3,802 Loan commitments and financial guarantees 100 144 9 — 253 Financial assets at fair value through other comprehensive income 5 — — — 5 Total impairment charge 787 1,274 1,862 137 4,060 Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m Year ended 31 December 2019 Impact of transfers between stages (17) 89 532 — 604 Other changes in credit quality 6 2 939 (106) 841 Additions and repayments 93 (41) (60) (87) (95) Methodology and model changes 33 (27) 8 — 14 Other items (5) — 3 — (2) 127 (66) 890 (193) 758 Total impairment charge (credit) 110 23 1,422 (193) 1,362 In respect of: Loans and advances to banks and reverse repurchase agreements — — — — — Loans and advances to customers and reverse repurchase agreements 141 10 1,382 (193) 1,340 Due from fellow Lloyds Banking Group undertakings (1) — 41 — 40 Financial assets at amortised cost 140 10 1,423 (193) 1,380 Impairment charge (credit) on drawn balances 140 10 1,423 (193) 1,380 Loan commitments and financial guarantees (29) 13 (1) — (17) Financial assets at fair value through other comprehensive income (1) — — — (1) Total impairment charge (credit) 110 23 1,422 (193) 1,362 |
TAX EXPENSE (Tables)
TAX EXPENSE (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of income tax [Abstract] | |
Schedule of Tax Charges | 2021 2020 2019 £m £m £m UK corporation tax: Current tax on profit for the year (1,349) (423) (1,279) Adjustments in respect of prior years 83 336 98 (1,266) (87) (1,181) Foreign tax: Current tax on profit for the year (21) (18) (58) Adjustments in respect of prior years 22 24 4 1 6 (54) Current tax expense (1,265) (81) (1,235) Deferred tax: Current year 851 508 (110) Adjustments in respect of prior years (169) (290) 58 Deferred tax (expense) credit 682 218 (52) Tax (expense) credit (583) 137 (1,287) |
Schedule of Reconciliation of the Charge Resulting from Applying the Standard UK Corporation Tax Rate | An explanation of the relationship between tax (expense) credit and accounting profit is set out below: 2021 2020 2019 £m £m £m Profit before tax 5,785 1,329 4,123 UK corporation tax thereon (1,099) (253) (783) Impact of surcharge on banking profits (415) (122) (377) Non-deductible costs: conduct charges (167) (24) (283) Non-deductible costs: bank levy (19) (30) — Other non-deductible costs (59) (62) (77) Non-taxable income 22 37 36 Tax relief on coupons on other equity instruments 65 79 53 Tax-exempt gains on disposals 2 — 25 Tax losses where no deferred tax recognised — (3) (7) Remeasurement of deferred tax due to rate changes 1,168 435 (25) Differences in overseas tax rates (17) 10 (9) Adjustments in respect of prior years (64) 70 160 Tax (expense) credit (583) 137 (1,287) |
FINANCIAL ASSETS AT FAIR VALU_3
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Trading And Other Financial Assets At Fair Value Through Profit Or Loss [Abstract] | |
Schedule of Trading and Other Financial Assets at Fair Value Through Profit or Loss | These comprise financial assets mandatorily at fair value through profit or loss as follows: The Group The Bank 2021 2020 2021 2020 £m £m £m £m Loans and advances to customers 1,559 1,511 1,121 517 Corporate and other debt securities — — 3,404 1,203 Equity shares 239 163 4 4 Total 1,798 1,674 4,529 1,724 |
DERIVATIVE FINANCIAL INSTRUME_2
DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of derivative financial instruments [Abstract] | |
Schedule of Derivative Instruments | The fair values and notional amounts of derivative instruments are set out in the following table: 2021 2020 Contract/ Fair value Fair value Contract/ Fair value Fair value The Group £m £m £m £m £m £m Trading and other Exchange rate contracts: Spot, forwards and futures 12,243 144 156 15,055 360 124 Currency swaps 155,190 693 595 147,303 1,314 1,650 Options purchased 5 — — 12 — — Options written 5 — — 12 — — 167,443 837 751 162,382 1,674 1,774 Interest rate contracts: Interest rate swaps 931,834 4,525 3,300 1,312,974 5,872 5,421 Forward rate agreements 21 — — 81,305 — 3 Options purchased 2,128 19 — 3,745 55 — Options written 1,229 — 10 3,064 — 62 935,212 4,544 3,310 1,401,088 5,927 5,486 Credit derivatives 4,390 64 101 5,362 65 120 Equity and other contracts 44 11 166 50 1 258 Total derivative assets/liabilities - trading and other 1,107,089 5,456 4,328 1,568,882 7,667 7,638 Hedging Derivatives designated as fair value hedges: Interest rate and other swaps 147,724 41 307 185,958 336 255 Currency swaps 34 7 — 36 11 — 147,758 48 307 185,994 347 255 Derivatives designated as cash flow hedges: Interest rate swaps 97,942 — — 316,776 290 262 Currency swaps 571 7 8 4,030 37 73 98,513 7 8 320,806 327 335 Total derivative assets/liabilities - hedging 246,271 55 315 506,800 674 590 Total recognised derivative assets/liabilities 1,353,360 5,511 4,643 2,075,682 8,341 8,228 2021 2020 Contract/ Fair value Fair value Contract/ Fair value Fair value The Bank £m £m £m £m £m £m Trading and other Exchange rate contracts: Spot, forwards and futures 12,235 143 158 14,117 268 83 Currency swaps 158,448 965 625 168,605 1,683 1,960 Options purchased 5 — — 12 — — Options written 5 — — 11 — — 170,693 1,108 783 182,745 1,951 2,043 Interest rate contracts: Interest rate swaps 1,160,782 5,710 4,897 1,762,919 10,287 8,562 Forward rate agreements 21 — — 84,245 — 4 Options purchased 2,138 20 — 3,824 56 — Options written 1,220 — 10 3,025 — 75 1,164,161 5,730 4,907 1,854,013 10,343 8,641 Credit derivatives 4,439 23 102 5,407 59 99 Equity and other contracts — — — 3 — — Total derivative assets/liabilities - trading and other 1,339,293 6,861 5,792 2,042,168 12,353 10,783 Hedging Derivatives designated as fair value hedges: Interest rate and other swaps 56,698 22 307 58,030 217 221 Currency swaps 34 7 — 36 11 — 56,732 29 307 58,066 228 221 Derivatives designated as cash flow hedges: Interest rate swaps 26,876 — — 93,353 11 42 Currency swaps 415 8 3 616 3 26 27,291 8 3 93,969 14 68 Total derivative assets/liabilities - hedging 84,023 37 310 152,035 242 289 Total recognised derivative assets/liabilities 1,423,316 6,898 6,102 2,194,203 12,595 11,072 |
Schedule of Amount, Timing and Uncertainty of Future Cash Flows | Details of the Group’s hedging instruments are set out below: Maturity The Group Up to 1 month 1-3 months 3-12 months 1-5 years Over 5 years Total £m £m £m £m £m £m Fair value hedges Interest rate Cross currency swap Notional — — — — 34 34 Average fixed interest rate — — — — 1.28% Average EUR/GBP exchange rate — — — — 1.38 Interest rate swap Notional 283 1,684 15,631 105,666 24,460 147,724 Average fixed interest rate 2.21% 2.13% 0.94% 0.62% 1.87% Cash flow hedges Foreign exchange Currency swap Notional 31 117 325 98 — 571 Average EUR/GBP exchange rate 1.14 1.16 1.15 1.13 — Average USD/GBP exchange rate 1.36 1.35 1.37 1.34 1.34 Interest rate Interest rate swap Notional 1,000 500 9,542 51,186 35,714 97,942 Average fixed interest rate 0.00% 0.17% 0.56% 0.88% 0.67% Maturity The Group Up to 1 month 1-3 months 3-12 months 1-5 years Over 5 years Total £m £m £m £m £m £m Fair value hedges Interest rate Cross currency swap Notional — — — — 36 36 Average fixed interest rate — — — — 1.28% Average EUR/GBP exchange rate — — — — 1.38 Interest rate swap Notional 6,032 6,031 37,531 116,487 19,877 185,958 Average fixed interest rate 2.01% 1.69% 1.49% 1.23% 2.07% Cash flow hedges Foreign exchange Currency swap Notional 28 102 408 941 2,551 4,030 Average USD/GBP exchange rate 1.30 1.31 1.30 1.32 1.32 Interest rate Interest rate swap Notional 5,026 11,449 41,348 164,893 94,060 316,776 Average fixed interest rate 1.09% 1.05% 1.18% 1.57% 2.36% Details of the Bank’s hedging instruments are set out below: Maturity The Bank Up to 1 month 1-3 months 3-12 months 1-5 years Over 5 years Total £m £m £m £m £m £m Fair value hedges Interest rate Cross currency swap Notional — — — — 34 34 Average fixed interest rate — — — — 1.28% Average EUR/GBP exchange rate — — — — 1.38 Interest rate swap Notional 189 1,656 5,271 25,525 24,057 56,698 Average fixed interest rate 1.67% 2.09% 1.71% 1.65% 1.83% Cash flow hedges Foreign exchange Currency swap Notional 24 33 301 57 — 415 Average EUR/GBP exchange rate — — 1.16 1.16 — Average USD/GBP exchange rate 1.36 1.35 1.37 1.33 — Interest rate Interest rate swap Notional — — 8,571 10,115 8,190 26,876 Average fixed interest rate — — 0.56% 0.96% 0.74% Maturity The Bank Up to 1 month 1-3 months 3-12 months 1-5 years Over 5 years Total £m £m £m £m £m £m Fair value hedges Interest rate Cross currency swap Notional — — — — 36 36 Average fixed interest rate — — — — 1.28% Average EUR/GBP exchange rate — — — — 1.38 Interest rate swap Notional 2,421 489 3,386 31,239 20,495 58,030 Average fixed interest rate 1.94% 1.67% 2.13% 1.82% 1.89% Cash flow hedges Foreign exchange Currency swap Notional 25 130 296 165 — 616 Average EUR/GBP exchange rate — — 1.13 1.11 — Average USD/GBP exchange rate 1.30 1.30 1.31 1.34 — Interest rate Interest rate swap Notional 844 4,363 9,375 67,534 11,237 93,353 Average fixed interest rate 1.40% 1.07% 1.00% 1.47% 2.33% |
Schedule of the Effects of Hedge Accounting on Swaps | The carrying amounts of the Group’s hedging instruments are as follows: Carrying amount of the hedging instrument The Group Contract/ Assets Liabilities Changes in fair £m £m £m £m Fair value hedges Interest rate Currency swaps 34 7 — (2) Interest rate swaps 147,724 41 307 1,887 Cash flow hedges Foreign exchange Currency swaps 571 7 8 (26) Interest rate Interest rate swaps 97,942 — — (2,444) Carrying amount of the hedging instrument The Group Contract/ Assets Liabilities Changes in fair £m £m £m £m Fair value hedges Interest rate Currency swaps 36 11 — 1 Interest rate swaps 185,958 336 255 (88) Cash flow hedges Foreign exchange Currency swaps 4,030 37 73 (64) Interest rate Interest rate swaps 316,776 290 262 527 The carrying amounts of the Bank’s hedging instruments are as follows: Carrying amount of the hedging instrument The Bank Contract/ Assets Liabilities Changes in fair £m £m £m £m Fair value hedges Interest rate Currency swaps 34 7 — (2) Interest rate swaps 56,698 22 307 (294) Cash flow hedges Foreign exchange Currency swaps 415 8 3 (2) Interest rate Interest rate swaps 26,876 — — (548) Carrying amount of the hedging instrument The Bank Contract/ Assets Liabilities Changes in fair £m £m £m £m Fair value hedges Interest rate Currency swaps 36 11 — 1 Interest rate swaps 58,030 217 221 (226) Cash flow hedges Foreign exchange Currency swaps 616 3 26 4 Interest rate Interest rate swaps 93,353 11 42 130 |
Schedule of - the Effects of Hedge Accounting, Amounts Reclassified from Reserves to Income Statement | The Group’s hedged items are as follows: Carrying amount of Accumulated amount of Change in Cash flow hedging reserve Continuing Discontinued The Group Assets Liabilities Assets Liabilities £m £m £m £m £m £m £m Fair value hedges Interest rate Fixed rate mortgages 1 88,791 — (872) — (2,081) Fixed rate issuance 2 — 33,128 — 411 1,149 Fixed rate borrowings 3 — — — — — Fixed rate bonds 4 25,019 — 342 — (758) Cash flow hedges Foreign exchange Foreign currency issuance 2 5 (19) 17 Customer deposits 5 21 — — Interest rate Customer loans 1 1,842 (711) 453 Central bank balances 6 588 (235) (109) Customer deposits 5 (89) 32 (85) Carrying amount of Accumulated amount of Change in Cash flow hedging reserve Continuing Discontinued The Group Assets Liabilities Assets Liabilities £m £m £m £m £m £m £m Fair value hedges Interest rate Fixed rate mortgages 1 125,183 — 661 — 355 Fixed rate issuance 2 — 37,323 — 1,357 (179) Fixed rate borrowings 3 — 1,404 — 304 (184) Fixed rate bonds 4 24,111 — 1,178 — 641 Cash flow hedges Foreign exchange Foreign currency issuance 2 (8) (40) 64 Customer deposits 5 74 13 (41) Interest rate Customer loans 1 (508) 1,918 (2) Central bank balances 6 (71) 19 270 Customer deposits 5 38 (233) 97 1 Included within loans and advances to customers. 2 Included within debt securities in issue. 3 Included within amounts due to fellow Lloyds Banking Group undertakings. 4 Included within financial assets at fair value through other comprehensive income. 5 Included within customer deposits. 6 Included within cash and balances at central banks. Gains and losses arising from hedge accounting are summarised as follows: Gain (loss) 1 Hedge 2 Amounts reclassified from reserves The Group Hedged cash Hedged item Income £m £m £m £m Fair value hedges Interest rate Fixed rate mortgages 206 Fixed rate issuance (4) Fixed rate borrowings — Fixed rate bonds (7) Cash flow hedges Foreign exchange Foreign currency issuance (27) — (3) (18) Interest expense Customer deposits 28 — — — Interest expense Interest rate Customer loans (2,173) (42) — (454) Interest income Central bank balances (633) (17) — (134) Interest income Customer deposits 83 1 — 25 Interest expense Gain (loss) 1 Hedge 2 Amounts reclassified from reserves The Group Hedged cash Hedged item Income £m £m £m £m Fair value hedges Interest rate Fixed rate mortgages 571 Fixed rate issuance (35) Fixed rate borrowings 1 Fixed rate bonds 9 Cash flow hedges Foreign exchange Foreign currency issuance (45) — (6) (47) Interest expense Customer deposits 3 — — 9 Interest expense Interest rate Customer loans 23 262 — (633) Interest income Central bank balances 28 (3) — (95) Interest income Customer deposits (27) — — 45 Interest expense 1 Comprising the change in fair value of the hedging derivatives (a loss of £2,138 million; 2020: gain of £709 million) and the amounts reclassified from reserves to the income statement (negative £584 million; 2020: negative £727 million). 2 Hedge ineffectiveness is included in the income statement within net trading income. The Bank’s hedged items are as follows: Carrying amount of Accumulated amount of Change in Cash flow hedging reserve Continuing Discontinued The Bank Assets Liabilities Assets Liabilities £m £m £m £m £m £m £m Fair value hedges Interest rate Fixed rate issuance 1 — 28,870 — 65 1,018 Fixed rate borrowings 2 — — — — — Fixed rate bonds 3 24,358 — 344 — (736) Cash flow hedges Foreign exchange Foreign currency issuance 1 2 (12) (2) Interest rate Customer loans 4 510 (117) 1,014 Central bank balances5 — — 211 Customer deposits 6 (42) 10 (67) Carrying amount of Accumulated amount of Change in Cash flow hedging reserve Continuing Discontinued The Bank Assets Liabilities Assets Liabilities £m £m £m £m £m £m £m Fair value hedges Interest rate Fixed rate issuance 1 — 32,044 — 793 (243) Fixed rate borrowings 2 — 1,404 — 304 (184) Fixed rate bonds 3 23,239 — 1,158 — 625 Cash flow hedges Foreign exchange Foreign currency issuance 1 (4) (49) 16 Interest rate Customer loans 4 (119) 1,486 281 Central bank balances 5 — — 324 Customer deposits 6 15 (189) 3 1 Included within debt securities in issue. 2 Included within amounts due to fellow Lloyds Banking Group undertakings. 3 Included within financial assets at fair value through other comprehensive income. 4 Included within loans and advances to customers. 5 Included within cash and balances at central banks. 6 Included within customer deposits. Gains and losses arising from hedge accounting are summarised as follows: Gain (loss) 1 Hedge 2 Amounts reclassified from reserves The Bank Hedged cash Hedged item Income £m £m £m £m Fair value hedges Interest rate Fixed rate mortgages — Fixed rate issuance (7) Fixed rate bonds (7) Fixed rate borrowings Cash flow hedges Foreign exchange Foreign currency issuance 18 — — 21 Interest expense Interest rate Customer loans (871) (26) — (325) Interest income Central bank balances (113) — — (113) Interest income Customer deposits 129 2 — 18 Interest expense Gain (loss) 1 Hedge 2 Amounts reclassified from reserves The Bank Hedged cash Hedged item Income £m £m £m £m Fair value hedges Interest rate Fixed rate mortgages — Fixed rate issuance (35) Fixed rate bonds 8 Fixed rate borrowings — Cash flow hedges Foreign exchange Foreign currency issuance (1) — (1) (4) Interest expense Interest rate Customer loans (166) (31) — (324) Interest income Central bank balances (111) — — (60) Interest income Customer deposits 8 4 — 34 Interest expense 1 Comprising the change in fair value of the hedging derivatives (a loss of £438 million; 2020: gain of £85 million) and the amounts reclassified from reserves to the income statement (negative £399 million; 2020: negative £355 million). 2 Hedge ineffectiveness is included in the income statement within net trading income. |
FINANCIAL ASSETS AT AMORTISED_2
FINANCIAL ASSETS AT AMORTISED COST (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Financial Assets At Amortised Cost Explanatory [Abstract] | |
Schedule of Debt Securities and Loans and Advances to Banks and Customers | Year ended 31 December 2021 Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total The Group £m £m £m £m £m £m £m £m £m £m Loans and advances to banks and reverse repurchase agreements At 1 January 2021 5,954 — — — 5,954 4 — — — 4 Exchange and other adjustments 15 — — — 15 — — — — — Other changes in credit quality (3) — — — (3) Additions and repayments 1,505 — — — 1,505 (1) — — — (1) Credit to the income statement (4) — — — (4) At 31 December 2021 7,474 — — — 7,474 — — — — — Allowance for impairment losses — — — — — Net carrying amount 7,474 — — — 7,474 Loans and advances to customers At 1 January 2021 415,608 51,280 6,443 12,511 485,842 1,347 2,125 1,968 261 5,701 Exchange and other adjustments 1 (2,506) (31) (82) 68 (2,551) (2) (5) 5 121 119 Transfers to Stage 1 18,662 (18,623) (39) — 562 (551) (11) — Transfers to Stage 2 (11,995) 12,709 (714) — (48) 155 (107) — Transfers to Stage 3 (872) (1,818) 2,690 — (13) (220) 233 — Impact of transfers between stages 5,795 (7,732) 1,937 — (426) 193 221 (12) 75 (423) 336 (12) Other changes in credit quality (239) (256) 254 (48) (289) Additions and repayments 10,181 (8,633) (994) (1,565) (1,011) (209) (344) (98) (87) (738) Methodology and model changes (63) 15 6 — (42) (Credit) charge to the income statement (436) (1,008) 498 (135) (1,081) Advances written off (1,057) (37) (1,094) (1,057) (37) (1,094) Recoveries of advances written off in previous years 159 — 159 159 — 159 At 31 December 2021 429,078 34,884 6,406 10,977 481,345 909 1,112 1,573 210 3,804 Allowance for impairment losses (909) (1,112) (1,573) (210) (3,804) Net carrying amount 428,169 33,772 4,833 10,767 477,541 Debt securities At 1 January 2021 5,137 — 1 — 5,138 — — 1 — 1 Exchange and other adjustments (20) — — — (20) 1 — — — 1 Transfers to Stage 2 (6) 6 — — — — — — Impact of transfers between stages (6) 6 — — — — — — Additions and repayments (557) 3 — — (554) — — — — — Charge to the income statement — — — — — At 31 December 2021 4,554 9 1 — 4,564 1 — 1 — 2 Allowance for impairment losses (1) — (1) — (2) Net carrying amount 4,553 9 — — 4,562 Due from fellow Lloyds Banking Group undertakings At 31 December 2021 739 — — — 739 Allowance for impairment losses — — — — — Net carrying amount 739 — — — 739 Total financial assets at amortised cost 440,935 33,781 4,833 10,767 490,316 1 Exchange and other adjustments includes the impact of movements in exchange rates, discount unwind, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets (POCI). Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. Movements in allowance for expected credit losses in respect of undrawn balances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total The Group £m £m £m £m £m Undrawn balances At 1 January 2021 191 221 14 — 426 Exchange and other adjustments 1 (2) — — (1) Transfers to Stage 1 73 (73) — — Transfers to Stage 2 (8) 8 — — Transfers to Stage 3 (1) (6) 7 — Impact of transfers between stages (65) 20 (4) (49) (1) (51) 3 (49) Other items credited to the income statement (88) (82) (12) — (182) Credit to the income statement (89) (133) (9) — (231) At 31 December 2021 103 86 5 — 194 The Group's total impairment allowances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total The Group £m £m £m £m £m In respect of: Loans and advances to banks and reverse repurchase agreements — — — — — Loans and advances to customers and reverse repurchase agreements 909 1,112 1,573 210 3,804 Debt securities 1 — 1 — 2 Due from fellow Lloyds Banking Group undertakings — — — — — Financial assets at amortised cost 910 1,112 1,574 210 3,806 Provisions in relation to loan commitments and financial guarantees 103 86 5 — 194 Total 1,013 1,198 1,579 210 4,000 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) 3 — — — 3 Year ended 31 December 2020 Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total The Group £m £m £m £m £m £m £m £m £m £m Loans and advances to banks and reverse repurchase agreements At 1 January 2020 4,852 — — — 4,852 — — — — — Exchange and other adjustments (25) — — — (25) — — — — — Additions and repayments 1,127 — — — 1,127 — — — — — Charge to the income statement 4 — — — 4 At 31 December 2020 5,954 — — — 5,954 4 — — — 4 Allowance for impairment losses (4) — — — (4) Net carrying amount 5,950 — — — 5,950 Loans and advances to customers At 1 January 2020 429,767 28,505 5,647 13,714 477,633 669 993 1,359 142 3,163 Exchange and other adjustments 1 1,013 24 (198) (8) 831 — 2 (4) 21 19 Transfers to Stage 1 4,970 (4,954) (16) — 144 (141) (3) — Transfers to Stage 2 (28,516) 29,128 (612) — (217) 267 (50) — Transfers to Stage 3 (1,615) (2,001) 3,616 — (9) (156) 165 — Impact of transfers between stages (25,161) 22,173 2,988 — (84) 880 570 1,366 (166) 850 682 1,366 Other changes in credit quality 838 (33) 1,183 167 2,155 Additions and repayments 9,989 578 (754) (1,156) 8,657 37 143 (38) (30) 112 Methodology and model changes (31) 170 26 — 165 Charge to the income statement 678 1,130 1,853 137 3,798 Advances written off (1,490) (39) (1,529) (1,490) (39) (1,529) Recoveries of advances written off in previous years 250 — 250 250 — 250 At 31 December 2020 415,608 51,280 6,443 12,511 485,842 1,347 2,125 1,968 261 5,701 Allowance for impairment losses (1,347) (2,125) (1,968) (261) (5,701) Net carrying amount 414,261 49,155 4,475 12,250 480,141 Debt securities At 1 January 2020 5,325 — 1 — 5,326 — — 1 — 1 Exchange and other adjustments (17) — — — (17) — — — — — Additions and repayments (171) — — — (171) — — — — — At 31 December 2020 5,137 — 1 — 5,138 — — 1 — 1 Allowance for impairment losses — — (1) — (1) Net carrying amount 5,137 — — — 5,137 Due from fellow Lloyds Banking Group undertakings At 31 December 2020 738 — — — 738 Allowance for impairment losses — — — — — Net carrying amount 738 — — — 738 Total financial assets at amortised cost 426,086 49,155 4,475 12,250 491,966 1 Exchange and other adjustments includes the impact of movements in exchange rates, discount unwind, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets (POCI). Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. Movements in allowance for expected credit losses in respect of undrawn balances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total The Group £m £m £m £m £m Undrawn balances At 1 January 2020 91 77 5 — 173 Exchange and other adjustments — — — — — Transfers to Stage 1 19 (19) — — Transfers to Stage 2 (10) 10 — — Transfers to Stage 3 (1) (6) 7 — Impact of transfers between stages (10) 90 10 90 (2) 75 17 90 Other items charged to the income statement 102 69 (8) — 163 Charge to the income statement 100 144 9 — 253 At 31 December 2020 191 221 14 — 426 The Group's total impairment allowances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total The Group £m £m £m £m £m In respect of: Loans and advances to banks and reverse repurchase agreements 4 — — — 4 Loans and advances to customers and reverse repurchase agreements 1,347 2,125 1,968 261 5,701 Debt securities — — 1 — 1 Due from fellow Lloyds Banking Group undertakings — — — — — Financial assets at amortised cost 1,351 2,125 1,969 261 5,706 Provisions in relation to loan commitments and financial guarantees 191 221 14 — 426 Total 1,542 2,346 1,983 261 6,132 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) — — — — — Year ended 31 December 2021 Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total The Bank £m £m £m £m £m £m £m £m Loans and advances to banks and At 1 January 2021 5,660 — — 5,660 4 — — 4 Exchange and other adjustments 20 — — 20 — — — — Other changes in credit quality — — — — (3) — — (3) Additions and repayments 1,607 — — 1,607 (1) — — (1) Credit to the income statement (4) — — (4) At 31 December 2021 7,287 — — 7,287 — — — — Allowance for impairment losses — — — — Net carrying amount 7,287 — — 7,287 Loans and advances to customers and reverse repurchase agreements At 1 January 2021 156,189 21,494 2,867 180,550 589 974 718 2,281 Exchange and other adjustments (111) (12) (45) (168) (1) — (10) (11) Transfers to Stage 1 8,555 (8,529) (26) — 273 (267) (6) — Transfers to Stage 2 (4,514) 4,834 (320) — (14) 61 (47) — Transfers to Stage 3 (416) (651) 1,067 — (7) (89) 96 — Impact of transfers between stages 3,625 (4,346) 721 — (224) 43 62 (119) 28 (252) 105 (119) Other changes in credit quality (107) (125) 59 (173) Additions and repayments (9,881) (5,052) (403) (15,336) (88) (208) (22) (318) Methodology and model changes (63) 15 6 (42) (Credit) charge to the income statement (230) (570) 148 (652) Advances written off (490) (490) (490) (490) Recoveries of advances written off in previous 48 48 48 48 At 31 December 2021 149,822 12,084 2,698 164,604 358 404 414 1,176 Allowance for impairment losses (358) (404) (414) (1,176) Net carrying amount 149,464 11,680 2,284 163,428 Debt securities At 1 January 2021 4,316 — — 4,316 1 — — 1 Exchange and other adjustments 12 — — 12 (1) — — (1) Additions and repayments (572) — — (572) — — — — At 31 December 2021 3,756 — — 3,756 — — — — Allowance for impairment losses — — — — Net carrying amount 3,756 — — 3,756 Due from fellow Lloyds Banking Group undertakings At 31 December 2021 108,445 — — 108,445 Allowance for impairment losses (21) — — (21) Net carrying amount 108,424 — — 108,424 Total financial assets at amortised cost 268,931 11,680 2,284 282,895 Movements in allowance for expected credit losses in respect of undrawn balances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 Total The Bank £m £m £m £m Undrawn balances At 1 January 2021 102 135 8 245 Exchange and other adjustments — 3 — 3 Transfers to Stage 1 46 (46) — — Transfers to Stage 2 (4) 4 — — Transfers to Stage 3 (1) (3) 4 — Impact of transfers between stages (41) 9 (2) (34) — (36) 2 (34) Other items charged to the income statement (45) (49) (6) (100) Credit to the income statement (45) (85) (4) (134) At 31 December 2021 57 53 4 114 The Bank's total impairment allowances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 Total The Bank £m £m £m £m In respect of: Loans and advances to banks and reverse repurchase agreements — — — — Loans and advances to customers and reverse repurchase agreements 358 404 414 1,176 Debt securities — — — — Due from fellow Lloyds Banking Group undertakings 21 — — 21 Financial assets at amortised cost 379 404 414 1,197 Provisions in relation to loan commitments and financial guarantees 57 53 4 114 Total 436 457 418 1,311 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) 2 — — 2 Year ended 31 December 2020 Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total The Bank £m £m £m £m £m £m £m £m Loans and advances to banks and At 1 January 2020 4,453 — — 4,453 — — — — Exchange and other adjustments (19) — — (19) — — — — Additions and repayments 1,226 — — 1,226 — — — — Charge to the income statement 4 — — 4 At 31 December 2020 5,660 — — 5,660 4 — — 4 Allowance for impairment losses (4) — — (4) Net carrying amount 5,656 — — 5,656 Loans and advances to customers and reverse repurchase agreements At 1 January 2020 165,676 10,681 2,385 178,742 238 435 500 1,173 Exchange and other adjustments 40 (1) (220) (181) — — (8) (8) Transfers to Stage 1 1,974 (1,967) (7) — 73 (72) (1) — Transfers to Stage 2 (11,777) 12,089 (312) — (49) 66 (17) — Transfers to Stage 3 (955) (900) 1,855 — (10) (59) 69 — Impact of transfers between stages (10,758) 9,222 1,536 — (49) 340 311 602 (35) 275 362 602 Other changes in credit quality 382 (43) 479 818 Additions and repayments 1,231 1,592 (212) 2,611 35 137 (19) 153 Methodology and model changes (31) 170 26 165 Charge to the income statement 351 539 848 1,738 Advances written off (708) (708) (708) (708) Recoveries of advances written off in previous 86 86 86 86 At 31 December 2020 156,189 21,494 2,867 180,550 589 974 718 2,281 Allowance for impairment losses (589) (974) (718) (2,281) Net carrying amount 155,600 20,520 2,149 178,269 Debt securities At 1 January 2020 5,241 — — 5,241 — — — — Exchange and other adjustments (16) — — (16) — — — — Additions and repayments (909) — — (909) 1 — — 1 At 31 December 2020 4,316 — — 4,316 1 — — 1 Allowance for impairment losses (1) — — (1) Net carrying amount 4,315 — — 4,315 Due from fellow Lloyds Banking Group undertakings At 31 December 2020 128,791 — 7 128,798 Allowance for impairment losses (20) — (7) (27) Net carrying amount 128,771 — — 128,771 Total financial assets at amortised cost 294,342 20,520 2,149 317,011 Movements in allowance for expected credit losses in respect of undrawn balances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 Total The Bank £m £m £m £m Undrawn balances At 1 January 2020 44 42 4 90 Exchange and other adjustments — — — — Transfers to Stage 1 9 (9) — — Transfers to Stage 2 (5) 5 — — Transfers to Stage 3 — (3) 3 — Impact of transfers between stages (5) 58 — 53 (1) 51 3 53 Other items charged to the income statement 59 42 1 102 Charge to the income statement 58 93 4 155 At 31 December 2020 102 135 8 245 The Bank's total impairment allowances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 Total The Bank £m £m £m £m In respect of: Loans and advances to banks and reverse repurchase agreements 4 — — 4 Loans and advances to customers and reverse repurchase agreements 589 974 718 2,281 Debt securities 1 — — 1 Due from fellow Lloyds Banking Group undertakings 20 — 7 27 Financial assets at amortised cost 614 974 725 2,313 Provisions in relation to loan commitments and financial guarantees 102 135 8 245 Total 716 1,109 733 2,558 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) — — — — |
Schedule of Retail Mortgages | Movements in Retail UK mortgage balances were as follows: Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total The Group £m £m £m £m £m £m £m £m £m £m Retail – UK mortgages At 1 January 2021 251,418 29,018 1,859 12,511 294,806 104 468 191 261 1,024 Exchange and other adjustments 1 — — — 68 68 — — 18 121 139 Transfers to Stage 1 10,109 (10,105) (4) — 66 (66) — — Transfers to Stage 2 (6,930) 7,425 (495) — (5) 37 (32) — Transfers to Stage 3 (147) (942) 1,089 — — (35) 35 — Impact of transfers between stages 3,032 (3,622) 590 — (58) 84 48 74 3 20 51 74 Other changes in credit quality (14) (32) (30) (48) (124) Additions and repayments 19,179 (3,598) (490) (1,565) 13,526 8 (52) (33) (87) (164) Methodology and model changes (53) (10) 6 — (57) Credit to the income statement (56) (74) (6) (135) (271) Advances written off (28) (37) (65) (28) (37) (65) Recoveries of advances written off in previous years 9 — 9 9 — 9 At 31 December 2021 273,629 21,798 1,940 10,977 308,344 48 394 184 210 836 Allowance for impairment losses (48) (394) (184) (210) (836) Net carrying amount 273,581 21,404 1,756 10,767 307,508 1 Exchange and other adjustments includes the impact of movements in exchange rates, discount unwind, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets (POCI). Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. Movements in Retail UK mortgage balances were as follows: Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total The Group £m £m £m £m £m £m £m £m £m £m Retail – UK mortgages At 1 January 2020 257,043 16,935 1,506 13,714 289,198 23 281 122 142 568 Exchange and other adjustments 1 — — — (8) (8) — — 20 21 41 Transfers to Stage 1 2,418 (2,414) (4) — 17 (17) — — Transfers to Stage 2 (16,463) 16,882 (419) — (4) 22 (18) — Transfers to Stage 3 (199) (974) 1,173 — — (35) 35 — Impact of transfers between stages (14,244) 13,494 750 — (15) 198 66 249 (2) 168 83 249 Other changes in credit quality 63 (26) (23) 167 181 Additions and repayments 8,619 (1,411) (375) (1,156) 5,677 14 (15) (13) (30) (44) Methodology and model changes 6 60 24 — 90 Charge to the income statement 81 187 71 137 476 Advances written off (37) (39) (76) (37) (39) (76) Recoveries of advances written off in previous years 15 — 15 15 — 15 At 31 December 2020 251,418 29,018 1,859 12,511 294,806 104 468 191 261 1,024 Allowance for impairment losses (104) (468) (191) (261) (1,024) Net carrying amount 251,314 28,550 1,668 12,250 293,782 1 Exchange and other adjustments includes the impact of movements in exchange rates, discount unwind, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets (POCI). Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. |
FINANCE LEASE RECEIVABLES (Tabl
FINANCE LEASE RECEIVABLES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of maturity analysis of finance lease payments receivable [text block] [Abstract] | |
Schedule of Finance Lease Receivables Maturity | Finance lease receivables are classified as loans and advances to customers and accounted for at amortised cost. The balance is analysed as follows: The Group The Bank 2021 2020 2021 2020 £m £m £m £m Not later than 1 year 339 308 3 18 Later than 1 year and not later than 2 years 135 180 2 2 Later than 2 years and not later than 3 years 222 143 15 2 Later than 3 years and not later than 4 years 110 191 — 7 Later than 4 years and not later than 5 years 46 110 — 2 Later than 5 years 150 571 — — Gross investment in finance leases 1,002 1,503 20 31 Unearned future finance income on finance leases (147) (440) — — Rentals received in advance (12) (16) — (1) Net investment in finance leases 843 1,047 20 30 The net investment in finance leases represents amounts recoverable as follows: The Group The Bank 2021 2020 2021 2020 £m £m £m £m Not later than 1 year 280 237 3 17 Later than 1 year and not later than 2 years 108 135 2 2 Later than 2 years and not later than 3 years 198 104 15 2 Later than 3 years and not later than 4 years 94 159 — 7 Later than 4 years and not later than 5 years 35 86 — 2 Later than 5 years 128 326 — — Net investment in finance leases 843 1,047 20 30 |
FINANCIAL ASSETS AT FAIR VALU_4
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Fair Value Of Each Investment Designated As Measured At Fair Value Through Other Comprehensive Income Explanatory [Abstract] | |
Schedule of Financial Assets At Fair Value Through Other Comprehensive Income | The Group The Bank 2021 2020 2021 2020 £m £m £m £m Debt securities: Government securities 14,599 14,267 14,445 14,114 Asset-backed securities 55 65 — — Corporate and other debt securities 13,131 12,928 11,084 10,533 27,785 27,260 25,529 24,647 Equity shares 1 — — — Total financial assets at fair value through other comprehensive income 27,786 27,260 25,529 24,647 |
GOODWILL OF THE GROUP (Tables)
GOODWILL OF THE GROUP (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of goodwill [Abstract] | |
Schedule of Goodwill | 2021 2020 £m £m At 1 January 470 474 Impairment charged to the income statement — (4) At 31 December 470 470 Cost 1 814 814 Accumulated impairment losses (344) (344) At 31 December 470 470 1 For acquisitions made prior to 1 January 2004, the date of transition to IFRS, cost is included net of amounts amortised up to 31 December 2003. |
OTHER INTANGIBLE ASSETS (Tables
OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about intangible assets [abstract] | |
Schedule of Other Intangible Assets | The Group The Bank Brands Core deposit Purchased Customer- Capitalised Total Capitalised £m £m £m £m £m £m £m Cost: At 1 January 2020 584 2,770 1,002 50 4,926 9,332 4,280 Additions — — — — 984 984 857 Disposals — — — — (55) (55) (6) At 31 December 2020 584 2,770 1,002 50 5,855 10,261 5,131 Additions — — — — 986 986 886 Disposals and write-offs — — — — (460) (460) (321) At 31 December 2021 584 2,770 1,002 50 6,381 10,787 5,696 Accumulated amortisation: At 1 January 2020 204 2,770 481 50 2,046 5,551 1,662 Charge for the year (note 9) — — 70 — 583 653 515 Disposals — — — — (55) (55) (6) At 31 December 2020 204 2,770 551 50 2,574 6,149 2,171 Charge for the year (note 9) — — 70 — 884 954 750 Disposals and write-offs — — — — (460) (460) (321) At 31 December 2021 204 2,770 621 50 2,998 6,643 2,600 Balance sheet amount at 380 — 381 — 3,383 4,144 3,096 Balance sheet amount at 380 — 451 — 3,281 4,112 2,960 |
INVESTMENT IN SUBSIDIARY UNDE_2
INVESTMENT IN SUBSIDIARY UNDERTAKINGS OF THE BANK (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of interests in subsidiaries [Abstract] | |
Schedule of Investment in Subsidiary Undertakings of the Bank | 2021 2020 £m £m At 1 January 33,353 34,084 Additions and capital injections 11 1,055 Capital contributions 36 33 Capital repayments (2,576) (1,801) Disposals (236) (18) At 31 December 30,588 33,353 |
OTHER ASSETS (Tables)
OTHER ASSETS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of other non-current assets [Abstract] | |
Schedule of Other Assets | The Group The Bank 2021 2020 2021 2020 £m £m £m £m Property, plant and equipment: Investment properties 4 4 — — Premises 803 866 509 541 Equipment 1,627 2,055 1,372 1,779 Operating lease assets (see below) 4,196 3,958 — — Right-of-use assets (note 22) 1,268 1,434 690 778 7,898 8,317 2,571 3,098 Settlement balances 52 202 51 100 Prepayments 905 1,030 488 443 Other assets 744 660 363 211 Total other assets 9,599 10,209 3,473 3,852 |
Schedule of Future Minimum Rentals Receivable under Non-Cancellable Operating Leases | At 31 December the future minimum rentals receivable by the Group under non-cancellable operating leases were as follows: 2021 2020 £m £m Within 1 year 848 864 1 to 2 years 561 548 2 to 3 years 288 274 3 to 4 years 86 78 4 to 5 years 8 7 Over 5 years — — Total future minimum rentals receivable 1,791 1,771 |
LESSEE DISCLOSURES (Tables)
LESSEE DISCLOSURES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Leases [Abstract] | |
Schedule of Movement in Right-of-Use Assets | The table below sets out the movement in right-of-use assets, which are primarily in respect of premises, and are recognised within other assets (note 21). The Group The Bank 2021 2020 2021 2020 £m £m £m £m At 1 January 1,434 1,609 778 868 Exchange and other adjustments (9) — (9) — Additions 71 122 54 104 Disposals (12) (82) (4) (73) Depreciation charge for the year (216) (215) (129) (121) At 31 December 1,268 1,434 690 778 |
FINANCIAL LIABILITIES AT FAIR_2
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Trading And Other Financial Liabilities At Fair Value Through Profit Or Loss [Abstract] | |
Schedule of Trading and Other Financial Liabilities and Fair Value Through Profit or Loss | The Group The Bank 2021 2020 2021 2020 £m £m £m £m Liabilities designated at fair value through profit or loss: debt securities in issue 6,537 6,828 9,821 7,905 Trading liabilities: Other deposits — 2 — 2 Short positions in securities — 1 — — — 3 — 2 Total financial liabilities at fair value through profit or loss 6,537 6,831 9,821 7,907 |
DEBT SECURITIES IN ISSUE (Table
DEBT SECURITIES IN ISSUE (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of debt instruments [Abstract] | |
Schedule of Debt Securities in Issue | The Group The Bank 2021 2020 2021 2020 £m £m £m £m Medium-term notes issued 23,820 21,501 19,916 19,546 Covered bonds (note 25) 17,407 23,977 15,809 20,895 Certificates of deposit issued 290 3,597 290 3,597 Securitisation notes (note 25) 3,672 4,436 176 — Commercial paper 3,535 5,782 2,248 4,071 Total debt securities in issue 48,724 59,293 38,439 48,109 |
SECURITISATIONS AND COVERED B_2
SECURITISATIONS AND COVERED BONDS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Securitisations Programmes And Transactions [Abstract] | |
Schedule of Securitisation and Covered Bond Programmes | 2021 2020 Loans and Notes Loans and Notes £m £m £m £m Securitisation programmes UK residential mortgages 18,300 16,214 23,984 21,640 Commercial loans 388 1,839 2,884 4,004 Credit card receivables 11,615 8,474 5,890 4,340 Motor vehicle finance 235 251 1,826 1,915 Dutch residential mortgages 427 448 — — 30,965 27,226 34,584 31,899 Less held by the Group (23,521) (27,418) Total securitisation programmes (notes 23 and 24) 1 3,705 4,481 Covered bond programmes Residential mortgage-backed 35,896 16,907 33,980 23,477 Social housing loan-backed 833 500 980 600 36,729 17,407 34,960 24,077 Less held by the Group — (100) Total covered bond programmes (note 24) 17,407 23,977 Total securitisation and covered bond programmes 21,112 28,458 1 Includes £33 million (2020: £45 million) of securitisation notes held at fair value through profit or loss. |
OTHER LIABILITIES (Tables)
OTHER LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of other liabilities [text block] [Abstract] | |
Schedule of Other Liabilities | The Group The Bank 2021 2020 2021 2020 £m £m £m £m Settlement balances 110 36 51 11 Lease liabilities 1,411 1,592 777 885 Other creditors and accruals 3,870 3,553 2,300 1,677 Total other liabilities 5,391 5,181 3,128 2,573 |
RETIREMENT BENEFIT OBLIGATIONS
RETIREMENT BENEFIT OBLIGATIONS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of employee benefits [text block] [Abstract] | |
Schedule of Defined Benefit Obligations | The Group 2021 2020 2019 £m £m £m Charge to the income statement Defined benefit pension schemes 234 244 241 Other post-retirement benefit schemes 2 3 4 Total defined benefit schemes 236 247 245 Defined contribution pension schemes 287 305 273 Total charge to the income statement (note 9) 523 552 518 The Group The Bank 2021 2020 2021 2020 £m £m £m £m Amounts recognised in the balance sheet Retirement benefit assets 4,531 1,714 2,420 765 Retirement benefit obligations (230) (245) (101) (106) Total amounts recognised in the balance sheet 4,301 1,469 2,319 659 The total amounts recognised in the balance sheet relate to: The Group The Bank 2021 2020 2021 2020 £m £m £m £m Defined benefit pension schemes 4,404 1,578 2,384 727 Other post-retirement benefit schemes (103) (109) (65) (68) Total amounts recognised in the balance sheet 4,301 1,469 2,319 659 The Group The Bank 2021 2020 2021 2020 £m £m £m £m Amount included in the balance sheet Present value of funded obligations (47,130) (49,549) (29,222) (30,597) Fair value of scheme assets 51,534 51,127 31,606 31,324 Net amount recognised in the balance sheet 4,404 1,578 2,384 727 The Group The Bank 2021 2020 2021 2020 £m £m £m £m Net amount recognised in the balance sheet At 1 January 1,578 550 727 347 Net defined benefit pension charge (234) (244) (113) (119) Actuarial gains (losses) on defined benefit obligation 1,267 (5,443) 553 (3,365) Return on plan assets 449 5,565 397 3,217 Employer contributions 1,344 1,149 821 647 Exchange and other adjustments — 1 (1) — At 31 December 4,404 1,578 2,384 727 The Group The Bank 2021 2020 2021 2020 £m £m £m £m Movements in the defined benefit obligation At 1 January (49,549) (45,241) (30,597) (28,072) Current service cost (213) (206) (100) (97) Interest expense (704) (914) (435) (568) Remeasurements: Actuarial (losses) gains – experience (426) 493 (431) 441 Actuarial losses – demographic assumptions (146) (218) (82) (282) Actuarial gains (losses) – financial assumptions 1,839 (5,718) 1,066 (3,524) Benefits paid 2,034 2,254 1,361 1,504 Past service cost (11) (5) (4) (2) Settlements 22 20 1 — Exchange and other adjustments 24 (14) (1) 3 At 31 December (47,130) (49,549) (29,222) (30,597) The Group The Bank 2021 2020 2021 2020 £m £m £m £m Changes in the fair value of scheme assets At 1 January 51,127 45,791 31,324 28,419 Return on plan assets excluding amounts included in interest income 449 5,565 397 3,217 Interest income 733 937 450 581 Employer contributions 1,344 1,149 821 647 Benefits paid (2,034) (2,254) (1,361) (1,504) Settlements (23) (22) (1) — Administrative costs paid (38) (54) (24) (33) Exchange and other adjustments (24) 15 — (3) At 31 December 51,534 51,127 31,606 31,324 The expense recognised in the income statement for the year ended 31 December comprises: The Group 2021 2020 2019 £m £m £m Current service cost 213 206 201 Net interest amount (29) (23) (48) Settlements 1 2 1 Past service cost – plan amendments 11 5 44 Plan administration costs incurred during the year 38 54 43 Total defined benefit pension expense 234 244 241 2021 2020 Quoted Unquoted Total Quoted Unquoted Total The Group £m £m £m £m £m £m Equity instruments 617 36 653 616 45 661 Debt instruments 1 : Fixed interest government bonds 10,512 — 10,512 11,328 — 11,328 Index-linked government bonds 23,969 — 23,969 21,058 — 21,058 Corporate and other debt securities 13,399 — 13,399 12,736 — 12,736 47,880 — 47,880 45,122 — 45,122 Property — 139 139 — 136 136 Pooled investment vehicles 1,192 13,346 14,538 650 13,022 13,672 Money market instruments, cash, derivatives 319 (11,995) (11,676) 812 (9,276) (8,464) At 31 December 50,008 1,526 51,534 47,200 3,927 51,127 1 Of the total debt instruments, £42,568 million (2020: £39,439 million) were investment grade (credit ratings equal to or better than ‘BBB’). 2021 2020 Quoted Unquoted Total Quoted Unquoted Total The Bank £m £m £m £m £m £m Equity instruments 424 24 448 423 34 457 Debt instruments 1 : Fixed interest government bonds 4,346 — 4,346 4,591 — 4,591 Index-linked government bonds 14,407 — 14,407 12,638 — 12,638 Corporate and other debt securities 8,105 — 8,105 7,878 — 7,878 26,858 — 26,858 25,107 — 25,107 Pooled investment vehicles 800 8,942 9,742 124 8,569 8,693 Money market instruments, cash, derivatives (154) (5,288) (5,442) 365 (3,298) (2,933) At 31 December 27,928 3,678 31,606 26,019 5,305 31,324 1 Of the total debt instruments, £23,627 million (2020: £21,938 million) were investment grade (credit ratings equal to or better than ‘BBB’). The pension schemes’ pooled investment vehicles comprise: The Group The Bank 2021 2020 2021 2020 £m £m £m £m Equity funds 3,696 3,169 2,616 2,044 Hedge and mutual funds 1,407 2,181 934 1,427 Alternative credit funds 3,884 4,072 2,476 2,620 Property funds 1,541 1,551 1,151 1,100 Infrastructure funds 1,389 1,405 645 620 Liquidity funds 2,031 847 1,488 598 Bond and debt funds 561 396 432 284 Other 29 51 — — At 31 December 14,538 13,672 9,742 8,693 The principal actuarial and financial assumptions used in valuations of the defined benefit pension schemes were as follows: 2021 2020 % % Discount rate 1.94 1.44 Rate of inflation: Retail Price Index (RPI) 3.21 2.80 Consumer Price Index (CPI) 2.92 2.41 Rate of salary increases 0.00 0.00 Weighted-average rate of increase for pensions in payment 2.88 2.61 2021 2020 Years Years Life expectancy for member aged 60, on the valuation date: Men 27.1 27.0 Women 29.1 29.0 Life expectancy for member aged 60, 15 years after the valuation date: Men 28.1 28.1 Women 30.3 30.2 Effect of reasonably possible alternative assumptions The Group The Bank Increase (decrease) (Increase) decrease in the Increase (decrease) (Increase) decrease in the 2021 2020 2021 2020 2021 2020 2021 2020 £m £m £m £m £m £m £m £m Inflation (including pension increases) 1 : Increase of 0.1 per cent 12 11 481 531 7 6 309 337 Decrease of 0.1 per cent (12) (11) (475) (522) (7) (6) (306) (332) Discount rate 2 : Increase of 0.1 per cent (24) (20) (774) (866) (14) (12) (480) (534) Decrease of 0.1 per cent 23 19 795 890 13 11 492 548 Expected life expectancy of members: Increase of one year 44 39 1,934 2,146 27 23 1,253 1,370 Decrease of one year (42) (37) (1,852) (2,052) (26) (23) (1,200) (1,310) 1 At 31 December 2021, the assumed rate of RPI inflation is 3.21 per cent and CPI inflation 2.92 per cent (2020: RPI 2.80 per cent and CPI 2.41 per cent). 2 At 31 December 2021, the assumed discount rate is 1.94 per cent (2020: 1.44 per cent). The following table provides information on the weighted average duration of the defined benefit pension obligation and the distribution and timing of benefit payments: The Group The Bank 2021 2020 2021 2020 Years Years Years Years Duration of the defined benefit obligation 17 19 16 17 Maturity analysis of benefits expected to be paid: The Group The Bank 2021 2020 2021 2020 £m £m £m £m Within 12 months 1,352 1,293 940 914 Between 1 and 2 years 1,450 1,350 1,013 940 Between 2 and 5 years 4,651 4,347 3,188 2,989 Between 5 and 10 years 8,993 8,301 6,029 5,547 Between 10 and 15 years 9,668 9,093 6,170 5,796 Between 15 and 25 years 18,671 17,485 11,499 10,590 Between 25 and 35 years 13,846 13,479 7,925 7,709 Between 35 and 45 years 6,987 7,162 3,485 3,645 In more than 45 years 2,116 2,287 774 874 Movements in the other post-retirement benefits obligation: The Group The Bank 2021 2020 2021 2020 £m £m £m £m At 1 January (109) (126) (68) (85) Actuarial gains 4 16 1 15 Insurance premiums paid 3 4 2 3 Charge for the year (2) (3) (1) (2) Exchange and other adjustments 1 — 1 1 At 31 December (103) (109) (65) (68) |
Schedule of Analysis of Defined Benefit Obligations | The Group The Bank 2021 2020 2021 2020 £m £m £m £m Analysis of the defined benefit obligation Active members (5,837) (6,550) (3,085) (3,415) Deferred members (16,167) (17,647) (9,527) (10,493) Pensioners (23,171) (23,409) (15,238) (15,311) Dependants (1,955) (1,943) (1,372) (1,378) At 31 December (47,130) (49,549) (29,222) (30,597) |
DEFERRED TAX (Tables)
DEFERRED TAX (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of deferred taxes [text block] [Abstract] | |
Schedule of Statutory Position and Tax Disclosure | The Group’s and the Bank’s deferred tax assets and liabilities are as follows: The Group The Bank 2021 2020 2021 2020 £m £m £m £m Statutory position Deferred tax assets 4,048 3,468 2,434 2,109 Deferred tax liabilities — — — — Net deferred tax asset at 31 December 4,048 3,468 2,434 2,109 Tax disclosure Deferred tax assets 6,377 5,327 3,861 3,042 Deferred tax liabilities (2,329) (1,859) (1,427) (933) Net deferred tax asset at 31 December 4,048 3,468 2,434 2,109 |
Schedule of Movements in Deferred Tax Liabilities and Assets | Movements in deferred tax assets and liabilities (before taking into consideration the offsetting of balances within the same taxing jurisdiction) can be summarised as follows: The Group Tax losses Property, Provisions Share-based Pension Derivatives Asset 1 Other Total £m £m £m £m £m £m £m £m £m At 1 January 2020 3,600 670 225 32 53 19 — 132 4,731 Credit (charge) to the income statement 454 8 4 (5) 6 (12) 28 94 577 Credit (charge) to other comprehensive income — — 22 — (3) — — — 19 At 31 December 2020 4,054 678 251 27 56 7 28 226 5,327 Credit (charge) to the income statement 964 82 13 (10) 15 30 (28) (50) 1,016 Credit (charge) to other comprehensive income — — 36 — (2) — — — 34 At 31 December 2021 5,018 760 300 17 69 37 — 176 6,377 The Group Capitalised Acquisition Pension Derivatives Asset 1 Other Total £m £m £m £m £m £m £m At 1 January 2020 (21) (483) (150) (562) (38) (111) (1,365) (Charge) credit to the income statement (207) 147 (77) (106) (22) (94) (359) (Charge) credit to other comprehensive income — — (165) (31) 60 — (136) Exchange and other adjustments — — — — — 1 1 At 31 December 2020 (228) (336) (392) (699) — (204) (1,859) (Charge) credit to the income statement (47) (16) (93) (65) 2 (115) (334) (Charge) credit to other comprehensive income — — (846) 764 (54) — (136) At 31 December 2021 (275) (352) (1,331) — (52) (319) (2,329) 1 Financial assets at fair value through other comprehensive income. The Bank Tax losses Property, Provisions Share-based Pension Other Total £m £m £m £m £m £m £m At 1 January 2020 2,198 343 128 19 33 13 2,734 Credit (charge) to the income statement 309 (38) 10 (1) 1 9 290 Credit (charge) to other comprehensive income — — 22 — (4) — 18 At 31 December 2020 2,507 305 160 18 30 22 3,042 Credit (charge) to the income statement 683 101 14 (8) 6 (13) 783 Credit to other comprehensive income — — 36 — — — 36 At 31 December 2021 3,190 406 210 10 36 9 3,861 The Bank Capitalised Pension Derivatives Asset 1 Other Total £m £m £m £m £m £m At 1 January 2020 (19) (97) (536) (36) (17) (705) (Charge) credit to the income statement (193) (5) 1 (9) 12 (194) (Charge) credit to other comprehensive income — (105) 30 40 — (35) Exchange and other adjustments — — — — 1 1 At 31 December 2020 (212) (207) (505) (5) (4) (933) Charge to the income statement (44) (8) (1) (1) (54) (Charge) credit to other comprehensive income — (584) 190 (46) — (440) At 31 December 2021 (256) (799) (316) (52) (4) (1,427) 1 Financial assets at fair value through other comprehensive income. |
OTHER PROVISIONS (Tables)
OTHER PROVISIONS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of other provisions [text block] [Abstract] | |
Schedule of Assumptions for Other Provisions | The Group The Bank Provisions Regulatory Other Total Provisions Regulatory Other Total £m £m £m £m £m £m £m £m At 1 January 2021 426 520 776 1,722 245 140 583 968 Exchange and other adjustments (1) 37 (9) 27 3 — (1) 2 Provisions applied — (680) (260) (940) — (190) (213) (403) (Release) charge for the year (231) 1,177 178 1,124 (134) 196 142 204 At 31 December 2021 194 1,054 685 1,933 114 146 511 771 |
SUBORDINATED LIABILITIES (Table
SUBORDINATED LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of subordinated liabilities [text block] [Abstract] | |
Schedule of Movement in Subordinated Liabilities | The movement in subordinated liabilities during the year was as follows: Preferred Undated Dated Total The Group £m £m £m £m At 1 January 2020 3,267 516 8,803 12,586 Issued during the year 1 : 2.6787% Fixed rate bond due 2025 — — 303 303 £914,633,000 2.73% Dated Subordinated Fixed Rate Reset Notes due 2035 — — 471 471 £393,939,000 2.61% Dated Subordinated Fixed Rate Reset Notes due 2035 — — 293 293 — — 1,067 1,067 Repurchases and redemptions during the year 1 : 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) (119) — — (119) 13% Sterling Step-up Perpetual Capital Securities callable 2029 (£700 million) (519) — — (519) 7.281% Perpetual Regulatory Tier One Securities (Series B) (£150 million) (123) — — (123) 6.85% Non-cumulative Perpetual Preferred Securities (US$1,000 million) (580) — — (580) 7.881% Guaranteed Non-voting Non-cumulative Preferred Securities (£245 million) (289) — — (289) 6.5% Dated Subordinated Notes 2020 (€1,500 million) — — (1,464) (1,464) 4.50% Fixed Rate Step-up Subordinated Notes due 2030 (€309 million) — — (276) (276) 5.75% Subordinated Fixed to Floating Rate Notes 2025 callable 2020 (£350 million) — — (370) (370) 6.50% Subordinated Fixed Rate Notes 2020 (US$2,000 million) — — (674) (674) Subordinated Floating Rate Notes 2020 (€100 million) — — (90) (90) 9.625% Subordinated Bonds 2023 (£300 million) — — (240) (240) 7.375% Dated Subordinated Notes 2020 — — (4) (4) (1,630) — (3,118) (4,748) Foreign exchange movements (59) 15 105 61 Other movements (cash and non-cash) 194 (26) 108 276 At 31 December 2020 1,772 505 6,965 9,242 Issued during the year 1 : 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) — — 1,074 1,074 3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) — — 888 888 2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) — — 1,300 1,300 — — 3,262 3,262 Repurchases and redemptions during the year 1 : 7.754% Non-cumulative Perpetual Preferred Securities (Class B) (£150 million) (156) — — (156) Series 2 (US$500 million) — (94) — (94) Series 3 (US$600 million) — (120) — (120) Floating Rate Primary Capital Notes (US$250 million) — (24) — (24) Series 1 (US$750 million) — (97) — (97) 9.375% Subordinated Bonds 2021 (£500 million) — — (200) (200) 5.374% Subordinated Fixed Rate Notes 2021 (€160 million) — — (145) (145) 4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) — — (1,122) (1,122) 6% Subordinated Notes 2033 (US$750 million) — — (216) (216) 4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) — — (612) (612) 4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) (1,004) (1,004) (156) (335) (3,299) (3,790) Foreign exchange movements 17 — (80) (63) Other movements (cash and non-cash) 28 — (21) 7 At 31 December 2021 1,661 170 6,827 8,658 1 Issuances in the year generated cash inflows of £3,262 million (2020: £303 million); the repurchases and redemptions resulted in cash outflows of £3,745 million (2020: £4,156 million). Cash payments in respect of interest on subordinated liabilities in the year amounted to £525 million (2020: £852 million). Preferred Undated Dated Total The Bank £m £m £m £m At 1 January 2020 2,234 425 7,250 9,909 Issued in the year: 2.6787% Fixed rate bond due 2025 — — 303 303 £914,633,000 2.73% Dated Subordinated Fixed Rate Reset Notes due 2035 — — 517 517 £393,939,000 2.61% Dated Subordinated Fixed Rate Reset Notes due 2035 — — 394 394 — — 1,214 1,214 Repurchases and redemptions during the year 1 : 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) (119) — — (119) 13% Sterling Step-up Perpetual Capital Securities callable 2029 (£700 million) (519) — — (519) 6.5% Dated Subordinated Notes 2020 (€1,500 million) — — (1,464) (1,464) 5.75% Subordinated Fixed to Floating Rate Notes 2025 callable 2020 (£350 million) — — (370) (370) 6.50% Subordinated Fixed Rate Notes 2020 (US$2,000 million) — — (674) (674) Subordinated Floating Rate Notes 2020 (€100 million) — — (90) (90) 9.625% Subordinated Bonds 2023 (£300 million) — — (240) (240) 7.375% Dated Subordinated Notes 2020 — — (4) (4) (638) — (2,842) (3,480) Foreign exchange movements (43) (10) 50 (3) Other movements (cash and non-cash) 19 (1) 93 111 At 31 December 2020 1,572 414 5,765 7,751 Issued in the year: 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) — — 1,074 1,074 3.724% Dated Subordinated Fixed Rate Reset notes 2041 (£500 million) — — 888 888 2.754% Dated Subordinated Fixed Rate Reset notes 2032 (US$1,750 million) — — 1,300 1,300 — — 3,262 3,262 Repurchases and redemptions during the year 1 : Series 2 (US$500 million) — (94) — (94) Series 3 (US$600 million) — (120) — (120) Series 1 (US$750 million) — (96) — (96) 4.553% Subordinated Fixed Rate Note 2021 (US$1,500 million) — — (1,122) (1,122) 4.293% Subordinated Fixed Rate Note 2021 (US$824 million) — — (612) (612) 4.503% Subordinated Fixed Rate Note 2021 (US$1,353 million) — — (1,004) (1,004) — (310) (2,738) (3,048) Foreign exchange movements 17 (1) (40) (24) Other movements (cash and non-cash) 37 (1) (70) (34) At 31 December 2021 1,626 102 6,179 7,907 1 Issuances in the year generated cash inflows of £3,262 million (2020: £496 million); the repurchases and redemptions resulted in cash outflows of £3,049 million (2020: £2,726 million). Cash payments in respect of interest on subordinated liabilities in the year amounted to £423 million (2020: £759 million). |
SHARE CAPITAL (Tables)
SHARE CAPITAL (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of classes of share capital [text block] [Abstract] | |
Schedule of Issued and Fully Paid Share Capital | The Group and the Bank 2021 2020 2019 2021 2020 2019 Number of shares Number of shares Number of shares £m £m £m Ordinary shares of £1 each At 1 January 1,574,285,752 1,574,285,751 1,574,285,751 1,574 1,574 1,574 Issued in the year — 1 — — — — At 31 December 1,574,285,752 1,574,285,752 1,574,285,751 1,574 1,574 1,574 |
SHARE PREMIUM ACCOUNT (Tables)
SHARE PREMIUM ACCOUNT (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure For Share Premium Account Explanatory [Abstract] | |
Schedule of Share Premium Account | The Group and the Bank 2021 2020 2019 £m £m £m At 1 January and 31 December 600 600 600 |
OTHER RESERVES (Tables)
OTHER RESERVES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of reserves within equity [text block] [Abstract] | |
Schedule of Other Reserves | The Group The Bank 2021 2020 2019 2021 2020 2019 £m £m £m £m £m £m Merger reserve 1 6,348 6,348 6,348 — — — Revaluation reserve in respect of debt securities held at fair value through other comprehensive income (362) (558) (538) 105 14 103 Revaluation reserve in respect of equity shares held at fair value through other comprehensive income — — — — — — Cash flow hedging reserve (451) 1,507 1,556 720 1,367 1,607 Foreign currency translation reserve (135) (116) (116) (1) 1 — At 31 December 5,400 7,181 7,250 824 1,382 1,710 1 There has been no movements in this reserve in 2021, 2020 or 2019. |
Schedule of revaluation reserve in respect of debt securities | Movements in other reserves were as follows: The Group The Bank Revaluation reserve in respect of debt securities held at fair value through other comprehensive income 2021 2020 2019 2021 2020 2019 £m £m £m £m £m £m At 1 January (558) (538) (379) 14 103 281 Change in fair value 137 46 (34) 139 12 (50) Deferred tax (44) 29 11 (47) (8) 13 Current tax — (2) — — — — 93 73 (23) 92 4 (37) Income statement transfers in respect of disposals (note 8) 116 (145) (196) (2) (138) (201) Deferred tax (11) 47 61 — 44 61 105 (98) (135) (2) (94) (140) Impairment recognised in the income statement (2) 5 (1) 1 1 (1) At 31 December (362) (558) (538) 105 14 103 |
Schedule of revaluation reserve in respect of equity shares | The Group The Bank Revaluation reserve in respect of equity shares held at fair value through other comprehensive income 2021 2020 2019 2021 2020 2019 £m £m £m £m £m £m At 1 January — — — — — — Change in fair value — — — — — — Deferred tax 1 (16) 12 1 4 12 1 (16) 12 1 4 12 Realised gains and losses transferred to retained profits — — — — — — Deferred tax (1) 16 (12) (1) (4) (12) (1) 16 (12) (1) (4) (12) At 31 December — — — — — — |
Schedule of - Movement in Merger Reserves, Cash Flow Hedging Reserve, Foreign Currency Translation Reserve | The Group The Bank 2021 2020 2019 2021 2020 2019 Cash flow hedging reserve £m £m £m £m £m £m At 1 January 1,507 1,556 1,110 1,367 1,607 1,268 Change in fair value of hedging derivatives (2,138) 709 1,166 (438) 85 892 Deferred tax 606 (229) (290) 82 (66) (217) (1,532) 480 876 (356) 19 675 Net income statement transfers (584) (727) (580) (399) (355) (448) Deferred tax 158 198 150 108 96 112 (426) (529) (430) (291) (259) (336) At 31 December (451) 1,507 1,556 720 1,367 1,607 The Group The Bank 2021 2020 2019 2021 2020 2019 Foreign currency translation reserve £m £m £m £m £m £m At 1 January (116) (116) (114) 1 — (6) Currency translation differences arising in the year (19) — (2) (2) 1 6 Income statement transfers — — — — — — At 31 December (135) (116) (116) (1) 1 — |
RETAINED PROFITS (Tables)
RETAINED PROFITS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of Retained Profits [Abstract] | |
Schedule of Retained Profits | The Group The Bank 2021 2020 2019 2021 2020 2019 £m £m £m £m £m £m At 1 January 25,750 24,549 27,321 42,677 42,470 45,051 Profit attributable to ordinary shareholders (see below for the Bank) 4,826 1,023 2,515 3,249 224 2,165 Dividends paid (note 36) (2,900) — (4,100) (2,900) — (4,100) Capital contributions received 164 140 229 164 140 229 Return of capital contributions (4) (4) (5) (4) (4) (5) Realised gains and losses on equity shares held at fair value through other comprehensive income 1 (16) 12 1 4 12 Issue of other equity instruments (1) — — (1) — — Redemptions of other equity instruments (9) — — (9) — — Change in non-controlling interests (1) — — — — — Post-retirement defined benefit scheme remeasurements 1,062 113 (1,117) 556 (102) (576) Gains and losses attributable to own credit risk (net of tax) 1 (52) (55) (306) (52) (55) (306) At 31 December 28,836 25,750 24,549 43,681 42,677 42,470 1 During 2020 the Group derecognised, on redemption, financial liabilities on which cumulative fair value movements relating to own credit of £1 million net of tax (2021: £nil; 2019: £nil), had been recognised directly in retained profits. |
Income Statement | The profit after tax of the Bank was arrived at as follows: 2021 2020 2019 £m £m £m Net interest income 4,606 4,519 5,684 Net fee and commission income 848 655 743 Dividends received 1,391 44 1,331 Net trading and other operating income 1,956 2,952 2,169 Other income 4,195 3,651 4,243 Total income 8,801 8,170 9,927 Operating expenses (6,273) (5,828) (6,333) Impairment credit (charge) 773 (1,898) (503) Profit before tax 3,301 444 3,091 Tax credit (expense) 292 197 (645) Profit for the year 3,593 641 2,446 Profit attributable to ordinary shareholders 3,249 224 2,165 Profit attributable to other equity holders 344 417 281 Profit for the year 3,593 641 2,446 |
OTHER EQUITY INSTRUMENTS (Table
OTHER EQUITY INSTRUMENTS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Other Equity Instruments Explanatory [Abstract] | |
Schedule of Other Equity Instruments | The Group and the Bank 2021 2020 2019 £m £m £m At 1 January 5,935 4,865 3,217 Issued in the year: £500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities 500 — — £750 million Floating Rate Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities 750 — — £300 million Floating Rate Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities 300 — — US$500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities — 383 — €750 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities — 687 — £500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities — — 496 US$1,500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities — — 1,152 1,550 1,070 1,648 Redemptions (3,217) — — Profit for the year attributable to other equity holders 344 417 281 Distributions on other equity instruments (344) (417) (281) At 31 December 4,268 5,935 4,865 |
DIVIDENDS ON ORDINARY SHARES (T
DIVIDENDS ON ORDINARY SHARES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of dividends [text block] [Abstract] | |
Schedule of Dividends On Ordinary Shares | Dividends paid during the year were as follows: 2021 2020 2019 £m £m £m Interim dividends 2,900 — 4,100 |
SHARE-BASED PAYMENTS (Tables)
SHARE-BASED PAYMENTS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of share-based payment arrangements [text block] [Abstract] | |
Schedule of - Share Options Outstanding, Shares under the Executive Share Ownership Plan, Shares under CFO Buyout | Movements in the number of share options outstanding under the SAYE schemes are set out below: 2021 2020 Number Weighted Number Weighted Outstanding at 1 January 1,120,138,915 30.39 1,068,094,073 44.55 Granted 236,923,744 39.40 779,229,797 24.25 Exercised (6,924,434) 30.57 (255,706,663) 47.51 Forfeited (22,815,078) 28.78 (6,938,102) 43.30 Cancelled (51,479,310) 32.57 (389,767,675) 42.24 Expired (95,280,546) 49.03 (74,772,515) 47.26 Outstanding at 31 December 1,180,563,291 30.63 1,120,138,915 30.39 Exercisable at 31 December 336,561 51.03 792,741 47.49 2021 2020 Number Weighted Number Weighted Outstanding at 1 January 6,666,372 Nil 7,634,638 Nil Granted 5,308,496 Nil 1,990,449 Nil Exercised (5,129,115) Nil (2,122,302) Nil Vested — Nil (47,337) Nil Forfeited (385,184) Nil (111,100) Nil Lapsed (558,679) Nil (677,976) Nil Outstanding at 31 December 5,901,890 Nil 6,666,372 Nil Exercisable at 31 December 708,939 Nil 3,150,407 Nil 2021 2020 Number Number Outstanding at 1 January 533,987,527 459,904,745 Granted — 211,214,605 Vested (39,621,415) (47,775,806) Forfeited (144,437,243) (96,015,542) Dividend award 944,758 6,659,525 Outstanding at 31 December 350,873,627 533,987,527 2021 Number Granted 83,456,304 Forfeited (5,573,236) Outstanding at 31 December 77,883,068 2021 2020 Number Number Outstanding at 1 January 1,810,712 3,268,460 Exercised (1,124,627) (1,457,748) Outstanding at 31 December 686,085 1,810,712 2021 Number Granted 8,301,708 Exercised (856,921) Outstanding at 31 December 7,444,787 |
Schedule of Assumptions Used for Calculating Benefit Plans | The fair value calculations at 31 December 2021 for grants made in the year, using Black-Scholes models and Monte Carlo simulation, are based on the following assumptions: SAYE Executive Long Term Share Plan Group Chief Executive buyout Weighted average risk-free interest rate 0.49% 0.12% 0.16% 0.26% Weighted average expected life 3.3 years 1.3 years 3.4 years 2.8 years Weighted average expected volatility 28% 30% 31% 31% Weighted average expected dividend yield 3.1% 3.2% 3.1% 3.1% Weighted average share price £0.45 £0.47 £0.40 £0.44 Weighted average exercise price £0.39 Nil Nil Nil |
RELATED PARTY TRANSACTIONS (Tab
RELATED PARTY TRANSACTIONS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of related party [text block] [Abstract] | |
Schedule of Transactions with Key Management Personnel | The table below details, on an aggregated basis, key management personnel compensation: 2021 2020 2019 £m £m £m Compensation Salaries and other short-term benefits 10 12 14 Share-based payments 14 12 14 Total compensation 24 24 28 2021 2020 2019 million million million Share options over Lloyds Banking Group plc shares At 1 January — — — Granted, including certain adjustments (includes entitlements of appointed key management personnel) — — — Exercised/lapsed (includes entitlements of former key management personnel) — — — At 31 December — — — 2021 2020 2019 million million million Share plans settled in Lloyds Banking Group plc shares At 1 January 117 101 84 Granted, including certain adjustments (includes entitlements of appointed key management personnel) 19 46 46 Exercised/lapsed (includes entitlements of former key management personnel) (62) (30) (29) At 31 December 74 117 101 The tables below detail, on an aggregated basis, balances outstanding at the year end and related income and expense, together with information relating to other transactions between the Group and its key management personnel: 2021 2020 2019 £m £m £m Loans At 1 January 2 2 2 Advanced (includes loans of appointed key management personnel) 1 — 1 Repayments (includes loans of former key management personnel) — — (1) At 31 December 3 2 2 2021 2020 2019 £m £m £m Deposits At 1 January 11 23 20 Placed (includes deposits of appointed key management personnel) 26 26 44 Withdrawn (includes deposits of former key management personnel) (26) (38) (41) At 31 December 11 11 23 |
Schedule of Balances and Transactions Between Members of the Lloyds Bank Group | The Bank, as a result of its position as parent of a banking group, has a large number of transactions with various of its subsidiary undertakings; these are included on the balance sheet of the Bank as follows: 2021 2020 £m £m Assets, included within: Financial assets at fair value through profit or loss 3,404 1,203 Derivative financial instruments 3,299 7,077 Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings 107,907 128,241 114,610 136,521 Liabilities, included within: Due to fellow Lloyds Banking Group undertakings 21,540 33,170 Financial liabilities at fair value through profit or loss — — Derivative financial instruments 2,508 4,738 Debt securities in issue 59 20 24,107 37,928 |
Schedule of Balances and Transactions with Lloyds Banking Group Plc and Fellow Subsidiaries of the Bank | The Bank and its subsidiaries have balances due to and from the Bank’s parent company, Lloyds Banking Group plc and fellow subsidiaries of the Bank. These are included on the balance sheet as follows: The Group The Bank 2021 2020 2021 2020 £m £m £m £m Assets, included within: Derivative financial instruments 634 690 634 690 Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings 739 738 517 530 1,373 1,428 1,151 1,220 Liabilities, included within: Due to fellow Lloyds Banking Group undertakings 1,490 6,875 1,332 6,666 Financial liabilities at fair value through profit or loss — — 3,318 1,121 Derivative financial instruments 939 1,424 633 972 Debt securities in issue 17,961 12,686 14,650 11,551 Subordinated liabilities 5,176 4,599 5,311 4,745 25,566 25,584 25,244 25,055 |
CONTINGENT LIABILITIES, COMMI_2
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of commitments and contingent liabilities [text block] [Abstract] | |
Schedule of Contingent Liabilities | The Group The Bank 2021 2020 2021 2020 £m £m £m £m Contingent liabilities Acceptances and endorsements 21 73 21 73 Other: Other items serving as direct credit substitutes 433 221 375 203 Performance bonds, including letters of credit, and other transaction-related contingencies 1,886 2,070 1,681 1,817 2,319 2,291 2,056 2,020 Total contingent liabilities 2,340 2,364 2,077 2,093 The Bank 2021 2020 £m £m Incurred on behalf of fellow Lloyds Banking Group undertakings — 1 |
Schedule of Commitments | The Group The Bank 2021 2020 2021 2020 £m £m £m £m Commitments and guarantees Documentary credits and other short-term trade-related transactions — 1 — — Forward asset purchases and forward deposits placed 60 124 55 96 Undrawn formal standby facilities, credit lines and other commitments to lend: Less than 1 year original maturity: Mortgage offers made 17,757 20,128 1,001 1,720 Other commitments and guarantees 79,830 82,151 29,871 32,832 97,587 102,279 30,872 34,552 1 year or over original maturity 30,037 31,194 27,063 28,118 Total commitments and guarantees 127,684 133,598 57,990 62,766 The Bank 2021 2020 £m £m Incurred on behalf of fellow Lloyds Banking Group undertakings 3,055 3,659 |
FINANCIAL INSTRUMENTS (Tables)
FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of financial instruments [text block] [Abstract] | |
Schedule of Financial Assets and Liabilites | The following tables analyse the carrying amounts of the financial assets and liabilities by category and by balance sheet heading. Derivatives Mandatorily held at Designated At fair value Held at Total Held for Other The Group £m £m £m £m £m £m £m At 31 December 2021 Financial assets Cash and balances at central banks — — — — — 54,279 54,279 Items in the course of collection from banks — — — — — 147 147 Financial assets at fair value through profit or loss — — 1,798 — — — 1,798 Derivative financial instruments 55 5,456 — — — — 5,511 Loans and advances to banks and reverse repurchase agreements — — — — — 7,474 7,474 Loans and advances to customers and reverse repurchase agreements — — — — — 477,541 477,541 Debt securities — — — — — 4,562 4,562 Due from fellow Lloyds Banking Group undertakings — — — — — 739 739 Financial assets at amortised cost — — — — — 490,316 490,316 Financial assets at fair value through other comprehensive income — — — — 27,786 — 27,786 Total financial assets 55 5,456 1,798 — 27,786 544,742 579,837 Financial liabilities Deposits from banks and repurchase agreements — — — — — 33,448 33,448 Customer deposits and repurchase agreements — — — — — 449,394 449,394 Due to fellow Lloyds Banking Group undertakings — — — — — 1,490 1,490 Items in course of transmission to banks — — — — — 308 308 Financial liabilities at fair value through profit or loss — — — 6,537 — — 6,537 Derivative financial instruments 315 4,328 — — — — 4,643 Notes in circulation — — — — — 1,321 1,321 Debt securities in issue — — — — — 48,724 48,724 Other — — — — — 1,411 1,411 Subordinated liabilities — — — — — 8,658 8,658 Total financial liabilities 315 4,328 — 6,537 — 544,754 555,934 Derivatives Mandatorily held at Designated At fair value Held at Total Held for Other The Group £m £m £m £m £m £m £m At 31 December 2020 Financial assets Cash and balances at central banks — — — — — 49,888 49,888 Items in the course of collection from banks — — — — — 300 300 Financial assets at fair value through profit or loss — — 1,674 — — — 1,674 Derivative financial instruments 674 7,667 — — — — 8,341 Loans and advances to banks and reverse repurchase agreements — — — — — 5,950 5,950 Loans and advances to customers and reverse repurchase agreements — — — — — 480,141 480,141 Debt securities — — — — — 5,137 5,137 Due from fellow Lloyds Banking Group undertakings — — — — — 738 738 Financial assets at amortised cost — — — — — 491,966 491,966 Financial assets at fair value through other comprehensive income — — — — 27,260 — 27,260 Total financial assets 674 7,667 1,674 — 27,260 542,154 579,429 Financial liabilities Deposits from banks and repurchase agreements — — — — — 24,997 24,997 Customer deposits and repurchase agreements — — — — — 434,569 434,569 Due to fellow Lloyds Banking Group undertakings — — — — — 6,875 6,875 Items in course of transmission to banks — — — — — 302 302 Financial liabilities at fair value through profit or loss — 3 — 6,828 — — 6,831 Derivative financial instruments 590 7,638 — — — — 8,228 Notes in circulation — — — — — 1,305 1,305 Debt securities in issue — — — — — 59,293 59,293 Other — — — — — 1,592 1,592 Subordinated liabilities — — — — — 9,242 9,242 Total financial liabilities 590 7,641 — 6,828 — 538,175 553,234 Derivatives Mandatorily held at Designated At fair value Held at Total Held for Other The Bank £m £m £m £m £m £m £m At 31 December 2021 Financial assets Cash and balances at central banks — — — — — 49,618 49,618 Items in the course of collection from banks — — — — — 99 99 Financial assets at fair value through profit or loss — — 4,529 — — — 4,529 Derivative financial instruments 37 6,861 — — — — 6,898 Loans and advances to banks and reverse repurchase agreements — — — — — 7,287 7,287 Loans and advances to customers and reverse repurchase agreements — — — — — 163,428 163,428 Debt securities — — — — — 3,756 3,756 Due from fellow Lloyds Banking Group undertakings — — — — — 108,424 108,424 Financial assets at amortised cost — — — — — 282,895 282,895 Financial assets at fair value through other comprehensive income — — — — 25,529 — 25,529 Total financial assets 37 6,861 4,529 — 25,529 332,612 369,568 Financial liabilities Deposits from banks and repurchase agreements — — — — — 2,825 2,825 Customer deposits and repurchase agreements — — — — — 268,704 268,704 Due to fellow Lloyds Banking Group undertakings — — — — — 22,872 22,872 Items in course of transmission to banks — — — — — 207 207 Financial liabilities at fair value through profit or loss — — — 9,821 — — 9,821 Derivative financial instruments 310 5,792 — — — — 6,102 Debt securities in issue — — — — — 38,439 38,439 Other — — — — — 777 777 Subordinated liabilities — — — — — 7,907 7,907 Total financial liabilities 310 5,792 — 9,821 — 341,731 357,654 Derivatives Mandatorily held at Designated At fair value Held at Total Held for Other The Bank £m £m £m £m £m £m £m At 31 December 2020 Financial assets Cash and balances at central banks — — — — — 45,753 45,753 Items in the course of collection from banks — — — — — 257 257 Financial assets at fair value through profit or loss — — 1,724 — — — 1,724 Derivative financial instruments 242 12,353 — — — — 12,595 Loans and advances to banks and reverse repurchase agreements — — — — — 5,656 5,656 Loans and advances to customers and reverse repurchase agreements — — — — — 178,269 178,269 Debt securities — — — — — 4,315 4,315 Due from fellow Lloyds Banking Group undertakings — — — — — 128,771 128,771 Financial assets at amortised cost — — — — — 317,011 317,011 Financial assets at fair value through other comprehensive income — — — — 24,647 — 24,647 Total financial assets 242 12,353 1,724 — 24,647 363,021 401,987 Financial liabilities Deposits from banks and repurchase agreements — — — — — 10,304 10,304 Customer deposits and repurchase agreements — — — — — 264,473 264,473 Due to fellow Lloyds Banking Group undertakings — — — — — 39,836 39,836 Items in course of transmission to banks — — — — — 199 199 Financial liabilities at fair value through profit or loss — 2 — 7,905 — — 7,907 Derivative financial instruments 289 10,783 — — — — 11,072 Debt securities in issue — — — — — 48,109 48,109 Other — — — — — 885 885 Subordinated liabilities — — — — — 7,751 7,751 Total financial liabilities 289 10,785 — 7,905 — 371,557 390,536 |
Schedule of Financial Assets Excluding Derivatives | Level 1 Level 2 Level 3 Total The Group £m £m £m £m At 31 December 2021 Financial assets at fair value through profit or loss Loans and advances to customers — 1,164 395 1,559 Equity shares 235 — 4 239 Total financial assets at fair value through profit or loss 235 1,164 399 1,798 Financial assets at fair value through other comprehensive income Debt securities: Government securities 14,599 — — 14,599 Asset-backed securities — — 55 55 Corporate and other debt securities 640 12,491 — 13,131 15,239 12,491 55 27,785 Equity shares — — 1 1 Total financial assets at fair value through other comprehensive income 15,239 12,491 56 27,786 Total financial assets carried at fair value, excluding derivatives 15,474 13,655 455 29,584 At 31 December 2020 Financial assets at fair value through profit or loss Loans and advances to customers — — 1,511 1,511 Equity shares 159 4 — 163 Total financial assets at fair value through profit or loss 159 4 1,511 1,674 Financial assets at fair value through other comprehensive income Debt securities: Government securities 14,267 — — 14,267 Asset-backed securities — — 65 65 Corporate and other debt securities 491 12,437 — 12,928 14,758 12,437 65 27,260 Equity shares — — — — Total financial assets at fair value through other comprehensive income 14,758 12,437 65 27,260 Total financial assets carried at fair value, excluding derivatives 14,917 12,441 1,576 28,934 Level 1 Level 2 Level 3 Total The Bank £m £m £m £m At 31 December 2021 Financial assets at fair value through profit or loss Loans and advances to customers — 1,088 33 1,121 Corporate and other debt securities — 3,404 — 3,404 Equity shares — — 4 4 Total financial assets at fair value through profit or loss — 4,492 37 4,529 Financial assets at fair value through other comprehensive income Debt securities: Government securities 14,445 — — 14,445 Corporate and other debt securities 640 10,444 — 11,084 15,085 10,444 — 25,529 Total financial assets at fair value through other comprehensive income 15,085 10,444 — 25,529 Total financial assets carried at fair value, excluding derivatives 15,085 14,936 37 30,058 At 31 December 2020 Financial assets at fair value through profit or loss Loans and advances to customers — — 517 517 Corporate and other debt securities — 1,203 — 1,203 Equity shares — 4 — 4 Total financial assets at fair value through profit or loss — 1,207 517 1,724 Financial assets at fair value through other comprehensive income Debt securities: Government securities 14,114 — — 14,114 Corporate and other debt securities 491 10,042 — 10,533 14,605 10,042 — 24,647 Total financial assets at fair value through other comprehensive income 14,605 10,042 — 24,647 Total financial assets carried at fair value, excluding derivatives 14,605 11,249 517 26,371 |
Schedule of Movements in Level 3 - Portfolio, Financial Liabilities Excluding Derivatives | The table below analyses movements in level 3 financial assets, excluding derivatives, carried at fair value (recurring measurement). 2021 2020 Financial Financial Total level 3 Financial Financial Total level 3 The Group £m £m £m £m £m £m At 1 January 1,511 65 1,576 1,829 60 1,889 Exchange and other adjustments 2 (2) — 85 3 88 Gains recognised in the income statement within other income (72) — (72) 20 — 20 Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income — (2) (2) — 4 4 Purchases/increases to customer loans 397 — 397 303 — 303 Sales/repayments of customer loans (794) (5) (799) (677) (2) (679) Transfers into the level 3 portfolio 4 — 4 — — — Transfers out of the level 3 portfolio (649) — (649) (49) — (49) At 31 December 399 56 455 1,511 65 1,576 Gains (losses) recognised in the income statement, within other income, relating to the change in fair value of those assets held at 31 December (60) — (60) 103 — 103 2021 2020 Financial Financial Total level 3 Financial Financial Total level 3 The Bank £m £m £m £m £m £m At 1 January 517 — 517 409 — 409 Exchange and other adjustments 5 — 5 101 — 101 Gains recognised in the income statement within other income 6 — 6 5 — 5 (Losses) gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income — — — — — — Purchases/increases to customer loans 393 — 393 258 — 258 Sales/repayments of customer loans (499) — (499) (207) — (207) Transfers into the level 3 portfolio 4 — 4 — — — Transfers out of the level 3 portfolio (389) — (389) (49) — (49) At 31 December 37 — 37 517 — 517 Gains (losses) recognised in the income statement, within other income, relating to the change in fair value of those assets held at 31 December 11 — 11 106 — 106 The table below analyses movements in the level 3 financial liabilities portfolio, excluding derivatives. 2021 2020 The Group £m £m At 1 January 45 47 Gains recognised in the income statement within other income (5) — Redemptions (7) (2) At 31 December 33 45 Gains recognised in the income statement, within other income, relating to the change in fair value of those liabilities held at 31 December (4) — |
Schedule of Financial Liabilities Excluding Derivatives | Level 1 Level 2 Level 3 Total The Group £m £m £m £m At 31 December 2021 Financial liabilities at fair value through profit or loss Debt securities in issue designated at fair value through profit or loss — 6,504 33 6,537 Trading liabilities: Other deposits — — — — Short positions in securities — — — — — — — — Total financial liabilities carried at fair value, excluding derivatives — 6,504 33 6,537 At 31 December 2020 Financial liabilities at fair value through profit or loss Debt securities in issue designated at fair value through profit or loss — 6,783 45 6,828 Trading liabilities: Other deposits — 2 — 2 Short positions in securities 1 — — 1 1 2 — 3 Total financial liabilities carried at fair value, excluding derivatives 1 6,785 45 6,831 Level 1 Level 2 Level 3 Total The Bank £m £m £m £m At 31 December 2021 Financial liabilities at fair value through profit or loss Debt securities in issue designated at fair value through profit or loss — 9,821 — 9,821 Trading liabilities: Other deposits — — — — Total financial liabilities carried at fair value, excluding derivatives — 9,821 — 9,821 At 31 December 2020 Financial liabilities at fair value through profit or loss Debt securities in issue designated at fair value through profit or loss — 7,905 — 7,905 Trading liabilities: Other deposits — 2 — 2 Total financial liabilities carried at fair value, excluding derivatives — 7,907 — 7,907 |
Schedule of Derivatives | 2021 2020 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total The Group £m £m £m £m £m £m £m £m Derivative assets — 5,495 16 5,511 — 8,327 14 8,341 Derivative liabilities — (4,436) (207) (4,643) — (7,909) (319) (8,228) 2021 2020 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total The Bank £m £m £m £m £m £m £m £m Derivative assets — 6,882 16 6,898 — 12,581 14 12,595 Derivative liabilities — (6,071) (31) (6,102) — (11,012) (60) (11,072) Movements in level 3 portfolio The table below analyses movements in level 3 derivative assets and liabilities carried at fair value. 2021 2020 Derivative Derivative Derivative Derivative The Group £m £m £m £m At 1 January 14 (319) — (297) Exchange and other adjustments — — — — Losses (gains) recognised in the income statement within other income 2 93 1 — (Sales) redemptions — 19 — 19 Transfers into the level 3 portfolio — — 13 (41) Transfers out of the level 3 portfolio — — — — At 31 December 16 (207) 14 (319) Gains (losses) recognised in the income statement, within other income, relating to the change in fair value of those assets or liabilities held at 31 December 2 69 1 — 2021 2020 Derivative Derivative Derivative Derivative The Bank £m £m £m £m At 1 January 14 (60) — — Exchange and other adjustments — — — — Losses (gains) recognised in the income statement within other income 2 29 1 (8) (Sales) redemptions — — — — Transfers into the level 3 portfolio — — 13 (52) Transfers out of the level 3 portfolio — — — — At 31 December 16 (31) 14 (60) Gains (losses) recognised in the income statement, within other income, relating to the change in fair value of those assets or liabilities held at 31 December 2 29 1 (8) |
Schedule of Valuation Adjustment Movements | The following table summarises the movement on this valuation adjustment account for the Group during 2020 and 2021: 2021 2020 £m £m At 1 January 242 214 Income statement charge (credit) (88) 28 Transfers — — At 31 December 154 242 |
Schedule of Valuation Adjustments | Represented by: 2021 2020 £m £m Credit Valuation Adjustment 112 178 Debit Valuation Adjustment (4) (6) Funding Valuation Adjustment 46 70 154 242 |
Schedule of Sensitivity of Level 3 Valuations | 2021 2020 Effect of reasonably possible alternative assumptions 2 Effect of reasonably possible alternative assumptions 2 Valuation Significant 1 Carrying Favourable Unfavourable Carrying Favourable Unfavourable £m £m £m £m £m £m Financial assets at fair value through profit or loss Loans and advances to customers Discounted cash flows Interest rate spreads (bps) (+/-50bps) 3 395 32 (30) 1,511 47 (45) Equity investments n/a 4 2 (2) — — — 399 1,511 Financial assets at fair value through other comprehensive income Asset-backed securities Lead manager or broker quote/consensus pricing n/a 55 4 (4) 65 4 (4) Equity investments n/a 1 — — — — — 56 65 Derivative financial assets Interest rate derivatives Option pricing model Interest rate volatility (31%/59%) 4 16 — — 14 — — Level 3 financial assets carried at fair value 471 1,590 Financial liabilities at fair value through profit or loss Securitisation notes Discounted cash flows Interest rate spreads (+/-50bps) 5 33 1 (1) 45 1 (1) Derivative financial liabilities Interest rate derivatives Option pricing model Interest rate volatility (13%/168%) 6 31 — — 48 — — Shared appreciation right Market values – property valuation HPI (+/-1%) 7 176 19 (18) 271 24 (22) 207 319 Level 3 financial liabilities carried at fair value 240 364 1 Ranges are shown where appropriate and represent the highest and lowest inputs used in the level 3 valuations. 2 Where the exposure to an unobservable input is managed on a net basis, only the net impact is shown in the table. 3 2020: -50bps/106bps 4 2020: 13%/128% 5 2020:+/- 50bps 6 2020: 33%/60% 7 2020:+/- 1% |
Schedule of Valuation Hierarchy for Financial Assets | The table below analyses the fair values of the financial assets of the Group which are carried at amortised cost by valuation methodology (level 1, 2 or 3, as described on page F-93). Financial assets carried at amortised cost are mainly classified as level 3 due to significant unobservable inputs used in the valuation models. Where inputs are observable, debt securities are classified as level 1 or 2. Carrying Fair Valuation hierarchy Level 1 Level 2 Level 3 The Group £m £m £m £m £m At 31 December 2021 Loans and advances to banks and reverse repurchase agreements 7,474 7,474 — 2,996 4,478 Loans and advances to customers and reverse repurchase agreements 477,541 480,992 — 46,712 434,280 Debt securities 4,562 4,615 — 4,615 — Due from fellow Lloyds Banking Group undertakings 739 739 — — 739 Reverse repurchase agreements included in above amounts: Loans and advances to banks and reverse repurchase agreements 2,996 2,996 — 2,996 — Loans and advances to customers and reverse repurchase agreements 46,712 46,712 — 46,712 — At 31 December 2020 Loans and advances to banks and reverse repurchase agreements 5,950 5,949 — 1,626 4,323 Loans and advances to customers and reverse repurchase agreements 480,141 479,518 — 54,447 425,071 Debt securities 5,137 5,129 — 5,129 — Due from fellow Lloyds Banking Group undertakings 738 738 — — 738 Reverse repurchase agreements included in above amounts: Loans and advances to banks and reverse repurchase agreements 1,626 1,626 — 1,626 — Loans and advances to customers and reverse repurchase agreements 54,447 54,447 — 54,447 — Carrying Fair Valuation hierarchy Level 1 Level 2 Level 3 The Bank £m £m £m £m £m At 31 December 2021 Loans and advances to banks and reverse repurchase agreements 7,287 7,287 — 2,996 4,291 Loans and advances to customers and reverse repurchase agreements 163,428 162,829 — 46,712 116,117 Debt securities 3,756 3,817 — 3,817 — Due from fellow Lloyds Banking Group undertakings 108,424 108,424 — — 108,424 Reverse repurchase agreements included in above amounts: Loans and advances to banks and reverse repurchase agreements 2,996 2,996 — 2,996 — Loans and advances to customers and reverse repurchase agreements 46,712 46,712 — 46,712 — At 31 December 2020 Loans and advances to banks and reverse repurchase agreements 5,656 5,655 — 1,626 4,029 Loans and advances to customers and reverse repurchase agreements 178,269 176,523 — 54,447 122,076 Debt securities 4,315 4,315 — 4,315 — Due from fellow Lloyds Banking Group undertakings 128,771 128,771 — — 128,771 Reverse repurchase agreements included in above amounts: Loans and advances to banks and reverse repurchase agreements 1,626 1,626 — 1,626 — Loans and advances to customers and reverse repurchase agreements 54,447 54,447 — 54,447 — |
Schedule of Valuation Hierarchy for Financial Liabilities | The table below analyses the fair values of the financial liabilities of the Group which are carried at amortised cost by valuation methodology (level 1, 2 or 3, as described on page F-93). Carrying Fair Valuation hierarchy Level 1 Level 2 Level 3 The Group £m £m £m £m £m At 31 December 2021 Deposits from banks and repurchase agreements 33,448 33,449 — 33,449 — Customer deposits and repurchase agreements 449,394 449,476 — 449,476 — Due to fellow Lloyds Banking Group undertakings 1,490 1,490 — 1,490 — Debt securities in issue 48,724 50,683 — 50,683 — Subordinated liabilities 8,658 9,363 — 9,363 — Repurchase agreements included in above amounts: Deposits from banks and repurchase agreements 30,085 30,085 — 30,085 — Customer deposits and repurchase agreements 21 21 — 21 — At 31 December 2020 Deposits from banks and repurchase agreements 24,997 24,998 — 24,998 — Customer deposits and repurchase agreements 434,569 434,740 — 427,663 7,077 Due to fellow Lloyds Banking Group undertakings 6,875 6,875 — 6,875 — Debt securities in issue 59,293 62,931 — 62,931 — Subordinated liabilities 9,242 10,275 — 10,275 — Repurchase agreements included in above amounts: Deposits from banks and repurchase agreements 18,767 18,767 — 18,767 — Customer deposits and repurchase agreements 9,417 9,417 — 9,417 — Carrying Fair Valuation hierarchy Level 1 Level 2 Level 3 The Bank £m £m £m £m £m At 31 December 2021 Deposits from banks and repurchase agreements 2,825 2,825 — 2,825 — Customer deposits and repurchase agreements 268,704 268,721 — 268,721 — Due to fellow Lloyds Banking Group undertakings 22,872 22,872 — 22,872 — Debt securities in issue 38,439 40,222 — 40,222 — Subordinated liabilities 7,907 8,333 — 8,333 — Repurchase agreements included in above amounts: Deposits from banks and repurchase agreements 57 57 — 57 — Customer deposits and repurchase agreements 21 21 — 21 — At 31 December 2020 Deposits from banks and repurchase agreements 10,304 10,304 — 10,304 — Customer deposits and repurchase agreements 264,473 264,497 — 264,497 — Due to fellow Lloyds Banking Group undertakings 39,836 39,836 — 39,836 — Debt securities in issue 48,109 50,824 — 50,824 — Subordinated liabilities 7,751 8,387 — 8,387 — Repurchase agreements included in above amounts: Deposits from banks and repurchase agreements 5,087 5,087 — 5,087 — Customer deposits and repurchase agreements 9,417 9,417 — 9,417 — |
TRANSFERS OF FINANCIAL ASSETS (
TRANSFERS OF FINANCIAL ASSETS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of transferred financial assets that are not derecognised in their entirety [text block] [Abstract] | |
Schedule of Transferred Assets and Liabilities | The table below sets out the carrying values of the transferred assets and the associated liabilities. For repurchase and securities lending transactions, the associated liabilities represent the Group’s obligation to repurchase the transferred assets. For securitisation programmes, the associated liabilities represent the external notes in issue (note 25). The liabilities shown in the table below have recourse to the transferred assets. 2021 2020 Carrying Carrying Carrying Carrying The Group £m £m £m £m Repurchase and securities lending transactions Financial assets at fair value through profit or loss — — — — Financial assets at fair value through other comprehensive income 7,706 5,039 7,475 5,105 Securitisation programmes Financial assets at amortised cost: Loans and advances to customers 1 30,965 3,705 34,584 4,481 1 The carrying value of associated liabilities for the Group excludes securitisation notes held by the Group of £23,521 million (31 December 2020: £27,418 million). 2021 2020 Carrying Carrying Carrying Carrying The Bank £m £m £m £m Repurchase and securities lending transactions Financial assets at fair value through profit or loss — — 3,244 1,869 Financial assets at fair value through other comprehensive income 8,626 5,745 4,889 3,895 Securitisation programmes Financial assets at amortised cost: Loans and advances to customers 1 2,847 176 4,072 — 1 The carrying value of transferred assets for the Bank includes amounts relating to assets transferred to structured entities which are fully consolidated into the Group. The liabilities associated with such assets are issued by the structured entities. |
OFFSETTING OF FINANCIAL ASSET_2
OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of offsetting of financial assets and financial liabilities [text block] [Abstract] | |
Schedule of Offsetting of Financial Assets and Liabilities | The following information relates to financial assets and liabilities which have been offset in the balance sheet and those which have not been offset but for which the Group has enforceable master netting agreements or collateral arrangements in place with counterparties. Related amounts where 3 Potential Gross 1 Amount 2 Net amounts Cash Non-cash £m £m £m £m £m £m At 31 December 2021 Financial assets Financial assets at fair value through profit or loss 1,798 — 1,798 — (35) 1,763 Derivative financial instruments 33,665 (28,154) 5,511 (1,621) (2,733) 1,157 Loans and advances to banks and reverse Loans and advances to banks 4,478 — 4,478 (350) — 4,128 Reverse repurchase agreements 4,179 (1,183) 2,996 — (2,996) — 8,657 (1,183) 7,474 (350) (2,996) 4,128 Loans and advances to customers and reverse repurchase agreements: Loans and advances to customers 431,994 (1,165) 430,829 (102) (1,506) 429,221 Reverse repurchase agreements 55,466 (8,754) 46,712 — (46,712) — 487,460 (9,919) 477,541 (102) (48,218) 429,221 Debt securities 4,562 — 4,562 — (267) 4,295 Financial assets at fair value through other comprehensive income 27,786 — 27,786 — (4,981) 22,805 Financial liabilities Deposits from banks and repurchase agreements: Deposits from banks 3,363 — 3,363 (1,404) — 1,959 Repurchase agreements 31,268 (1,183) 30,085 — (30,085) — 34,631 (1,183) 33,448 (1,404) (30,085) 1,959 Customer deposits and repurchase agreements: Customer deposits 450,538 (1,165) 449,373 (217) (1,506) 447,650 Repurchase agreements 8,775 (8,754) 21 — (21) — 459,313 (9,919) 449,394 (217) (1,527) 447,650 Financial liabilities at fair value through profit or loss 6,537 — 6,537 — — 6,537 Derivative financial instruments 32,797 (28,154) 4,643 (452) (4,191) — 1 After impairment allowance. 2 The amounts offset in the balance sheet as shown above mainly represent derivatives and repurchase agreements with central clearing houses which meet the criteria for offsetting under IAS 32. 3 The Group enters into derivatives and repurchase and reverse repurchase agreements with various counterparties which are governed by industry standard master netting agreements. The Group holds and provides cash and securities collateral in respective of derivative transactions covered by these agreements. The right to set off balances under these master netting agreements or to set off cash and securities collateral only arises in the event of non-payment or default and, as a result, these arrangements do not qualify for offsetting under IAS 32. The effects of over-collateralisation have not been taken into account in the above table. Related amounts where 3 Potential Gross 1 Amount 2 Net amounts Cash Non-cash £m £m £m £m £m £m At 31 December 2020 Financial assets Financial assets at fair value through profit or loss 1,674 — 1,674 — — 1,674 Derivative financial instruments 67,428 (59,087) 8,341 (2,702) (3,555) 2,084 Loans and advances to banks and reverse Loans and advances to banks 4,324 — 4,324 (1,023) — 3,301 Reverse repurchase agreements 1,634 (8) 1,626 — (1,626) — 5,958 (8) 5,950 (1,023) (1,626) 3,301 Loans and advances to customers and reverse repurchase agreements: Loans and advances to customers 426,104 (410) 425,694 (837) (2,762) 422,095 Reverse repurchase agreements 59,856 (5,409) 54,447 — (54,447) — 485,960 (5,819) 480,141 (837) (57,209) 422,095 Debt securities 5,137 — 5,137 — — 5,137 Financial assets at fair value through other comprehensive income 27,260 — 27,260 — (5,132) 22,128 Financial liabilities Deposits from banks and repurchase agreements: Deposits from banks 6,230 — 6,230 (2,351) — 3,879 Repurchase agreements 18,775 (8) 18,767 — (18,767) — 25,005 (8) 24,997 (2,351) (18,767) 3,879 Customer deposits and repurchase agreements: Customer deposits 426,874 (1,722) 425,152 (350) (2,762) 422,040 Repurchase agreements 14,826 (5,409) 9,417 — (9,417) — 441,700 (7,131) 434,569 (350) (12,179) 422,040 Financial liabilities at fair value through profit or loss 6,831 — 6,831 — — 6,831 Derivative financial instruments 66,003 (57,775) 8,228 (1,860) (4,849) 1,519 1 After impairment allowance. 2 The amounts offset in the balance sheet as shown above mainly represent derivatives and repurchase agreements with central clearing houses which meet the criteria for offsetting under IAS 32. 3 The Group enters into derivatives and repurchase and reverse repurchase agreements with various counterparties which are governed by industry standard master netting agreements. The Group holds and provides cash and securities collateral in respective of derivative transactions covered by these agreements. The right to set off balances under these master netting agreements or to set off cash and securities collateral only arises in the event of non-payment or default and, as a result, these arrangements do not qualify for offsetting under IAS 32. |
FINANCIAL RISK MANAGEMENT (Tabl
FINANCIAL RISK MANAGEMENT (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of financial risk management [text block] [Abstract] | |
Schedule of Maximum Credit Exposure | The Group 2021 2020 Maximum Offset 1 Net Maximum Offset 1 Net £m £m £m £m £m £m Financial assets at fair value through profit or loss 2 1,559 — 1,559 1,511 — 1,511 Derivative financial instruments 5,511 (2,369) 3,142 8,341 (3,373) 4,968 Financial assets at amortised cost, net 3 : Loans and advances to banks and reverse 3 7,474 — 7,474 5,950 — 5,950 Loans and advances to customers and reverse 3 477,541 (1,506) 476,035 480,141 (2,762) 477,379 Debt securities, net 3 4,562 — 4,562 5,137 — 5,137 489,577 (1,506) 488,071 491,228 (2,762) 488,466 Financial assets at fair value through other comprehensive income 2 27,785 — 27,785 27,260 — 27,260 Off-balance sheet items: Acceptances and endorsements 21 — 21 73 — 73 Other items serving as direct credit substitutes 433 — 433 221 — 221 Performance bonds, including letters of credit, and other transaction-related contingencies 1,886 — 1,886 2,070 — 2,070 Irrevocable commitments and guarantees 55,690 — 55,690 59,240 — 59,240 58,030 — 58,030 61,604 — 61,604 582,462 (3,875) 578,587 589,944 (6,135) 583,809 1 Offset items comprise deposit amounts available for offset, and amounts available for offset under master netting arrangements, that do not meet the criteria under IAS 32 to enable loans and advances and derivative assets respectively to be presented net of these balances in the financial statements. 2 Excluding equity shares. 3 Amounts shown net of related impairment allowances. The Bank 2021 2020 Maximum Offset 1 Net Maximum Offset 1 Net £m £m £m £m £m £m Financial assets at fair value through profit or loss 2 : Loans and advances 1,121 — 1,121 517 — 517 Debt securities, treasury and other bills 3,404 — 3,404 1,203 — 1,203 4,525 — 4,525 1,720 — 1,720 Derivative financial instruments 6,898 (2,019) 4,879 12,595 (2,752) 9,843 Financial assets at amortised cost, net 3 Loans and advances to banks and reverse 3 7,287 — 7,287 5,656 — 5,656 Loans and advances to customers and reverse 3 163,428 (1,201) 162,227 178,269 (2,156) 176,113 Debt securities, net 3 3,756 — 3,756 4,315 — 4,315 174,471 (1,201) 173,270 188,240 (2,156) 186,084 Financial assets at fair value through other comprehensive income 25,529 — 25,529 24,647 — 24,647 Off-balance sheet items: Acceptances and endorsements 21 — 21 73 — 73 Other items serving as direct credit substitutes 375 — 375 203 — 203 Performance bonds, including letters of credit, and other transaction-related contingencies 1,681 — 1,681 1,817 — 1,817 Irrevocable commitments and guarantees 30,653 — 30,653 32,847 — 32,847 32,730 — 32,730 34,940 — 34,940 244,153 (3,220) 240,933 262,142 (4,908) 257,234 1 Offset items comprise deposit amounts available for offset, and amounts available for offset under master netting arrangements, that do not meet the criteria under IAS 32 to enable loans and advances and derivative assets respectively to be presented net of these balances in the financial statements. 2 Excluding equity shares. 3 Amounts shown net of related impairment allowances. |
Schedule of Concentration of Exposure | The Group The Bank 2021 2020 2021 2020 £m £m £m £m Agriculture, forestry and fishing 7,728 7,835 2,901 3,039 Energy and water supply 1,962 1,274 1,890 1,189 Manufacturing 3,505 4,455 3,113 3,770 Construction 4,325 5,046 3,613 4,022 Transport, distribution and hotels 13,367 14,229 10,001 10,160 Postal and telecommunications 1,857 2,261 1,506 1,689 Property companies 23,156 25,092 19,934 21,629 Financial, business and other services 65,849 77,271 63,929 73,987 Personal: Mortgages 1 318,422 305,966 46,089 49,574 Other 24,546 25,295 8,674 8,502 Lease financing 843 1,047 20 30 Hire purchase 15,785 16,071 2,934 2,959 Total loans and advances to customers and reverse repurchase agreements before allowance for impairment losses 481,345 485,842 164,604 180,550 Allowance for impairment losses (note 15) (3,804) (5,701) (1,176) (2,281) Total loans and advances to customers and reverse repurchase agreements 477,541 480,141 163,428 178,269 1 Includes both UK and overseas mortgage balances. |
Schedule of Average Probability of Default Grade | Retail Commercial Quality classification IFRS 9 PD range Quality classification IFRS 9 PD range RMS 1-6 0.00-4.50% CMS 1-10 0.00-0.50% RMS 7-9 4.51-14.00% CMS 11-14 0.51-3.00% RMS 10 14.01-20.00% CMS 15-18 3.01-20.00% RMS 11-13 20.01-99.99% CMS 19 20.01-99.99% RMS 14 100.00% CMS 20-23 100.00% |
Schedule of Credit Quality of Assets | Drawn exposures Expected credit loss allowance The Group - Gross drawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2021 Loans and advances to banks and reverse repurchase agreements CMS 1-10 7,472 — — — 7,472 — — — — — CMS 11-14 2 — — — 2 — — — — — CMS 15-18 — — — — — — — — — — CMS 19 — — — — — — — — — — CMS 20-23 — — — — — — — — — — 7,474 — — — 7,474 — — — — — Loans and advances to customers and reverse repurchase agreements Retail - UK mortgages RMS 1-6 273,620 18,073 — — 291,693 48 250 — — 298 RMS 7-9 9 2,258 — — 2,267 — 64 — — 64 RMS 10 — 355 — — 355 — 15 — — 15 RMS 11-13 — 1,112 — — 1,112 — 65 — — 65 RMS 14 — — 1,940 10,977 12,917 — — 184 210 394 273,629 21,798 1,940 10,977 308,344 48 394 184 210 836 Retail - credit cards RMS 1-6 11,252 1,107 — — 12,359 67 43 — — 110 RMS 7-9 896 623 — — 1,519 29 71 — — 100 RMS 10 — 112 — — 112 — 22 — — 22 RMS 11-13 — 235 — — 235 — 82 — — 82 RMS 14 — — 292 — 292 — — 128 — 128 12,148 2,077 292 — 14,517 96 218 128 — 442 Retail - loans and overdrafts RMS 1-6 7,220 501 — — 7,721 84 23 — — 107 RMS 7-9 938 286 — — 1,224 39 33 — — 72 RMS 10 18 74 — — 92 2 14 — — 16 RMS 11-13 5 244 — — 249 1 83 — — 84 RMS 14 — — 271 — 271 — — 139 — 139 8,181 1,105 271 — 9,557 126 153 139 — 418 Retail - UK Motor Finance RMS 1-6 11,662 1,309 — — 12,971 101 25 — — 126 RMS 7-9 583 298 — — 881 5 15 — — 20 RMS 10 — 69 — — 69 — 7 — — 7 RMS 11-13 2 152 — — 154 — 27 — — 27 RMS 14 — — 201 — 201 — — 116 — 116 12,247 1,828 201 — 14,276 106 74 116 — 296 Retail - other RMS 1-6 14,979 754 — — 15,733 21 10 — — 31 RMS 7-9 1,258 593 — — 1,851 5 27 — — 32 RMS 10 — 2 — — 2 — — — — — RMS 11-13 177 610 — — 787 — 21 — — 21 RMS 14 — — 778 — 778 — — 55 — 55 16,414 1,959 778 — 19,151 26 58 55 — 139 Total Retail 322,619 28,767 3,482 10,977 365,845 402 897 622 210 2,131 The Group - Gross drawn exposures and expected credit loss allowance continued Drawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2021 Commercial Banking CMS 1-10 28,600 186 — — 28,786 18 1 — — 19 CMS 11-14 29,950 3,315 — — 33,265 75 75 — — 150 CMS 15-18 766 2,327 — — 3,093 9 119 — — 128 CMS 19 — 255 — — 255 — 18 — — 18 CMS 20-23 — — 2,862 — 2,862 — — 942 — 942 59,316 6,083 2,862 — 68,261 102 213 942 — 1,257 Other 1 RMS 1-6 898 34 — — 932 5 2 — — 7 RMS 7-9 — — — — — — — — — — RMS 10 — — — — — — — — — — RMS 11-13 — — — — — — — — — — RMS 14 — — 62 — 62 — — 9 — 9 898 34 62 — 994 5 2 9 — 16 CMS 1-10 46,243 — — — 46,243 — — — — — CMS 11-14 — — — — — — — — — — CMS 15-18 — — — — — — — — — — CMS 19 2 — — — 2 — — — — — CMS 20-23 — — — — — — — — — — 46,245 — — — 46,245 — — — — — Central adjustment — — — — — 400 — — — 400 Total loans and advances to customers and reverse repurchase agreements 429,078 34,884 6,406 10,977 481,345 909 1,112 1,573 210 3,804 In respect of: Retail 322,619 28,767 3,482 10,977 365,845 402 897 622 210 2,131 Commercial Banking 59,316 6,083 2,862 — 68,261 102 213 942 — 1,257 Other 1 47,143 34 62 — 47,239 405 2 9 — 416 Total loans and advances to customers and reverse repurchase agreements 429,078 34,884 6,406 10,977 481,345 909 1,112 1,573 210 3,804 1 Contains mainly reverse repurchase agreement balances and certain hedging adjustments. The Group - Gross undrawn exposures and expected credit loss allowance Undrawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2021 Loans and advances to customers and reverse repurchase agreements Retail - UK mortgages RMS 1-6 16,971 92 — — 17,063 1 — — — 1 RMS 7-9 — 3 — — 3 — — — — — RMS 10 — — — — — — — — — — RMS 11-13 — — — — — — — — — — RMS 14 — — 13 72 85 — — — — — 16,971 95 13 72 17,151 1 — — — 1 Retail - credit cards RMS 1-6 56,666 2,241 — — 58,907 45 24 — — 69 RMS 7-9 457 172 — — 629 3 3 — — 6 RMS 10 — 31 — — 31 — 1 — — 1 RMS 11-13 — 58 — — 58 — 3 — — 3 RMS 14 — — 55 — 55 — — — — — 57,123 2,502 55 — 59,680 48 31 — — 79 Retail - loans and overdrafts RMS 1-6 6,303 231 — — 6,534 9 4 — — 13 RMS 7-9 97 48 — — 145 1 5 — — 6 RMS 10 1 11 — — 12 — 2 — — 2 RMS 11-13 — 29 — — 29 — 6 — — 6 RMS 14 — — 18 — 18 — — — — — 6,401 319 18 — 6,738 10 17 — — 27 Retail - UK Motor Finance RMS 1-6 1,457 — — — 1,457 2 — — — 2 RMS 7-9 527 — — — 527 — — — — — RMS 10 — — — — — — — — — — RMS 11-13 1 — — — 1 — — — — — RMS 14 — — — — — — — — — — 1,985 — — — 1,985 2 — — — 2 Retail - other RMS 1-6 1,413 25 — — 1,438 14 — — — 6 RMS 7-9 50 27 — — 77 5 5 — — 10 RMS 10 — — — — — — — — — — RMS 11-13 — 6 — — 6 — 2 — — 2 RMS 14 — — 1 — 1 — — — — — 1,463 58 1 — 1,522 19 7 — — 26 Total Retail 83,943 2,974 87 72 87,076 80 55 — — 135 The Group - Gross undrawn exposures and expected credit loss allowance continued Undrawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2021 Commercial Banking CMS 1-10 31,757 32 — — 31,789 7 — — — 7 CMS 11-14 6,225 1,203 — — 7,428 14 18 — — 32 CMS 15-18 188 320 — — 508 1 12 — — 13 CMS 19 — 27 — — 27 — 1 — — 1 CMS 20-23 — — 66 — 66 — — 5 — 5 38,170 1,582 66 — 39,818 22 31 5 — 58 Other RMS 1-6 289 — — — 289 — — — — — RMS 7-9 — — — — — — — — — — RMS 10 — — — — — — — — — — RMS 11-13 — — — — — — — — — — RMS 14 — — — — — — — — — — 289 — — — 289 — — — — — CMS 1-10 501 — — — 501 1 — — — 1 CMS 11-14 — — — — — — — — — — CMS 15-18 — — — — — — — — — — CMS 19 — — — — — — — — — — CMS 20-23 — — — — — — — — — — 501 — — — 501 1 — — — 1 Total loans and advances to customers and reverse repurchase agreements 122,903 4,556 153 72 127,684 103 86 5 — 194 In respect of: Retail 83,943 2,974 87 72 87,076 80 55 — — 135 Commercial Banking 38,170 1,582 66 — 39,818 22 31 5 — 58 Other 790 — — — 790 1 — — — 1 Total loans and advances to customers and reverse repurchase agreements 122,903 4,556 153 72 127,684 103 86 5 — 194 Drawn exposures Expected credit loss allowance The Group - Gross drawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2020 Loans and advances to banks and reverse repurchase agreements CMS 1-10 5,951 — — — 5,951 4 — — — 4 CMS 11-14 3 — — — 3 — — — — — CMS 15-18 — — — — — — — — — — CMS 19 — — — — — — — — — — CMS 20-23 — — — — — — — — — — 5,954 — — — 5,954 4 — — — 4 Loans and advances to customers and reverse repurchase agreements Retail - UK mortgages RMS 1-6 251,372 21,010 — — 272,382 103 247 — — 350 RMS 7-9 46 4,030 — — 4,076 1 66 — — 67 RMS 10 — 907 — — 907 — 25 — — 25 RMS 11-13 — 3,071 — — 3,071 — 130 — — 130 RMS 14 — — 1,859 12,511 14,370 — — 191 261 452 251,418 29,018 1,859 12,511 294,806 104 468 191 261 1,024 Retail - credit cards RMS 1-6 9,619 1,284 — — 10,903 75 57 — — 132 RMS 7-9 1,603 1,137 — — 2,740 66 138 — — 204 RMS 10 274 343 — — 617 14 70 — — 84 RMS 11-13 — 509 — — 509 — 193 — — 193 RMS 14 — — 340 — 340 — — 153 — 153 11,496 3,273 340 — 15,109 155 458 153 — 766 Retail - loans and overdrafts RMS 1-6 5,559 291 — — 5,850 80 15 — — 95 RMS 7-9 1,990 580 — — 2,570 99 66 — — 165 RMS 10 116 181 — — 297 13 36 — — 49 RMS 11-13 45 467 — — 512 9 178 — — 187 RMS 14 — — 307 — 307 — — 147 — 147 7,710 1,519 307 — 9,536 201 295 147 — 643 Retail - UK Motor Finance RMS 1-6 12,035 1,396 — — 13,431 187 46 — — 233 RMS 7-9 738 456 — — 1,194 7 33 — — 40 RMS 10 — 171 — — 171 — 30 — — 30 RMS 11-13 13 193 — — 206 — 62 — — 62 RMS 14 — — 199 — 199 — — 133 — 133 12,786 2,216 199 — 15,201 194 171 133 — 498 Retail - other RMS 1-6 14,952 482 — — 15,434 19 19 — — 38 RMS 7-9 2,418 334 — — 2,752 11 39 — — 50 RMS 10 — 21 — — 21 — 1 — — 1 RMS 11-13 509 467 — — 976 — 40 — — 40 RMS 14 — — 184 — 184 — — 59 — 59 17,879 1,304 184 — 19,367 30 99 59 — 188 Total Retail 301,289 37,330 2,889 12,511 354,019 684 1,491 683 261 3,119 The Group - Gross drawn exposures and expected credit loss allowance continued Drawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2020 Commercial Banking CMS 1-10 22,218 177 — — 22,395 23 2 — — 25 CMS 11-14 30,023 6,662 — — 36,685 135 106 — — 241 CMS 15-18 4,656 6,430 — — 11,086 96 397 — — 493 CMS 19 — 669 — — 669 — 129 — — 129 CMS 20-23 — — 3,485 — 3,485 — — 1,273 — 1,273 56,897 13,938 3,485 — 74,320 254 634 1,273 — 2,161 Other 1 RMS 1-6 822 12 — — 834 9 — — — 9 RMS 7-9 — — — — — — — — — — RMS 10 — — — — — — — — — — RMS 11-13 — — — — — — — — — — RMS 14 — — 59 — 59 — — 12 — 12 822 12 59 — 893 9 — 12 — 21 CMS 1-10 56,362 — — — 56,362 — — — — — CMS 11-14 236 — — — 236 — — — — — CMS 15-18 — — — — — — — — — — CMS 19 2 — — — 2 — — — — — CMS 20-23 — — 10 — 10 — — — — — 56,600 — 10 — 56,610 — — — — — Central adjustment — — — — — 400 — — — 400 Total loans and advances to customers and reverse repurchase agreements 415,608 51,280 6,443 12,511 485,842 1,347 2,125 1,968 261 5,701 In respect of: Retail 301,289 37,330 2,889 12,511 354,019 684 1,491 683 261 3,119 Commercial Banking 56,897 13,938 3,485 — 74,320 254 634 1,273 — 2,161 Other 1 57,422 12 69 — 57,503 409 — 12 — 421 Total loans and advances to customers and reverse repurchase agreements 415,608 51,280 6,443 12,511 485,842 1,347 2,125 1,968 261 5,701 1 Contains mainly reverse repurchase agreement balances and certain hedging adjustments. Undrawn exposures Expected credit loss allowance The Group - Gross undrawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2020 Loans and advances to customers and reverse repurchase agreements Retail - UK mortgages RMS 1-6 19,347 109 — — 19,456 3 — — — 3 RMS 7-9 1 6 — — 7 — — — — — RMS 10 — 2 — — 2 — — — — — RMS 11-13 — 1 — — 1 — — — — — RMS 14 — — 10 74 84 — — — — — 19,348 118 10 74 19,550 3 — — — 3 Retail - credit cards RMS 1-6 54,694 3,044 — — 57,738 67 46 — — 113 RMS 7-9 772 463 — — 1,235 11 8 — — 19 RMS 10 602 282 — — 884 7 11 — — 18 RMS 11-13 — 85 — — 85 — 7 — — 7 RMS 14 — — 56 — 56 — — — — — 56,068 3,874 56 — 59,998 85 72 — — 157 Retail - loans and overdrafts RMS 1-6 6,070 315 — — 6,385 14 7 — — 21 RMS 7-9 269 139 — — 408 8 14 — — 22 RMS 10 13 35 — — 48 1 7 — — 8 RMS 11-13 3 69 — — 72 — 21 — — 21 RMS 14 — — 18 — 18 — — — — — 6,355 558 18 — 6,931 23 49 — — 72 Retail - UK Motor Finance RMS 1-6 1,275 — — — 1,275 2 — — — 2 RMS 7-9 381 3 — — 384 1 — — — 1 RMS 10 — — — — — — — — — — RMS 11-13 1 — — — 1 — — — — — RMS 14 — — — — — — — — — — 1,657 3 — — 1,660 3 — — — 3 Retail - other RMS 1-6 1,672 23 — — 1,695 7 5 — — 12 RMS 7-9 140 36 — — 176 9 13 — — 22 RMS 10 — — — — — — — — — — RMS 11-13 — 10 — — 10 — 7 — — 7 RMS 14 — — 1 — 1 — — — — — 1,812 69 1 — 1,882 16 25 — — 41 Total Retail 85,240 4,622 85 74 90,021 130 146 — — 276 The Group - Gross undrawn exposures and expected credit loss allowance continued Undrawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total £m £m £m £m £m £m £m £m £m £m At 31 December 2020 Commercial Banking CMS 1-10 29,039 — — — 29,039 13 — — — 13 CMS 11-14 9,612 1,614 — — 11,226 31 16 — — 47 CMS 15-18 934 1,291 — — 2,225 16 47 — — 63 CMS 19 — 92 — — 92 — 12 — — 12 CMS 20-23 — — 195 — 195 — — 14 — 14 39,585 2,997 195 — 42,777 60 75 14 — 149 Other RMS 1-6 299 — — — 299 1 — — — 1 RMS 7-9 — — — — — — — — — — RMS 10 — — — — — — — — — — RMS 11-13 — — — — — — — — — — RMS 14 — — — — — — — — — — 299 — — — 299 1 — — — 1 CMS 1-10 501 — — — 501 — — — — — CMS 11-14 — — — — — — — — — — CMS 15-18 — — — — — — — — — — CMS 19 — — — — — — — — — — CMS 20-23 — — — — — — — — — — 501 — — — 501 — — — — — Total loans and advances to customers and reverse repurchase agreements 125,625 7,619 280 74 133,598 191 221 14 — 426 In respect of: Retail 85,240 4,622 85 74 90,021 130 146 — — 276 Commercial Banking 39,585 2,997 195 — 42,777 60 75 14 — 149 Other 800 — — — 800 1 — — — 1 Total loans and advances to customers and reverse repurchase agreements 125,625 7,619 280 74 133,598 191 221 14 — 426 Drawn exposures Expected credit loss allowance The Bank - Gross drawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total £m £m £m £m £m £m £m £m At 31 December 2021 Loans and advances to banks and reverse repurchase agreements CMS 1-10 7,285 — — 7,285 — — — — CMS 11-14 2 — — 2 — — — — CMS 15-18 — — — — — — — — CMS 19 — — — — — — — — CMS 20-23 — — — — — — — — 7,287 — — 7,287 — — — — Loans and advances to customers and reverse repurchase agreements Retail - UK mortgages RMS 1-6 40,415 3,747 — 44,162 3 27 — 30 RMS 7-9 — 384 — 384 — 7 — 7 RMS 10 — 65 — 65 — 1 — 1 RMS 11-13 — 201 — 201 — 6 — 6 RMS 14 — — 486 486 — — 26 26 40,415 4,397 486 45,298 3 41 26 70 Retail - credit cards RMS 1-6 2,779 300 — 3,079 16 13 — 29 RMS 7-9 269 204 — 473 8 25 — 33 RMS 10 — 33 — 33 — 7 — 7 RMS 11-13 — 57 — 57 — 22 — 22 RMS 14 — — 72 72 — — 32 32 3,048 594 72 3,714 24 67 32 123 Retail - loans and overdrafts RMS 1-6 3,816 306 — 4,122 45 14 — 59 RMS 7-9 528 158 — 686 22 18 — 40 RMS 10 10 41 — 51 1 8 — 9 RMS 11-13 2 132 — 134 — 46 — 46 RMS 14 — — 152 152 — — 77 77 4,356 637 152 5,145 68 86 77 231 Retail - UK Motor Finance RMS 1-6 290 11 — 301 1 — — 1 RMS 7-9 2 4 — 6 — — — — RMS 10 — 1 — 1 — — — — RMS 11-13 — 4 — 4 — — — — RMS 14 — — 26 26 — — 13 13 292 20 26 338 1 — 13 14 Retail - other RMS 1-6 4,577 375 — 4,952 11 3 — 14 RMS 7-9 1,141 463 — 1,604 4 22 — 26 RMS 10 — — — — — — — — RMS 11-13 71 544 — 615 — 19 — 19 RMS 14 — — 674 674 — — 38 38 5,789 1,382 674 7,845 15 44 38 97 Total Retail 53,900 7,030 1,410 62,340 111 238 186 535 Drawn exposures Expected credit loss allowance The Bank - Gross drawn exposures and expected credit loss allowance continued Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total £m £m £m £m £m £m £m £m At 31 December 2021 Commercial Banking CMS 1-10 24,880 184 — 25,064 16 1 — 17 CMS 11-14 22,861 2,893 — 25,754 63 67 — 130 CMS 15-18 578 1,792 — 2,370 7 85 — 92 CMS 19 — 178 — 178 — 13 — 13 CMS 20-23 — — 1,279 1,279 — — 225 225 48,319 5,047 1,279 54,645 86 166 225 477 Other RMS 1-6 246 7 — 253 1 — — 1 RMS 7-9 — — — — — — — — RMS 10 — — — — — — — — RMS 11-13 — — — — — — — — RMS 14 — — 9 9 — — 3 3 246 7 9 262 1 — 3 4 CMS 1-10 47,356 — — 47,356 — — — — CMS 11-14 1 — — 1 — — — — CMS 15-18 — — — — — — — — CMS 19 — — — — — — — — CMS 20-23 — — — — — — — — 47,357 — — 47,357 — — — — Central adjustment — — — — 160 — — 160 Total loans and advances to customers and reverse repurchase agreements 149,822 12,084 2,698 164,604 358 404 414 1,176 In respect of: Retail 53,900 7,030 1,410 62,340 111 238 186 535 Commercial Banking 48,319 5,047 1,279 54,645 86 166 225 477 Other 1 47,603 7 9 47,619 161 — 3 164 Total loans and advances to customers and reverse repurchase agreements 149,822 12,084 2,698 164,604 358 404 414 1,176 1 Contains mainly reverse repurchase agreement balances. Undrawn exposures Expected credit loss allowance The Bank - Gross undrawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total £m £m £m £m £m £m £m £m At 31 December 2021 Loans and advances to customers and reverse repurchase agreements Retail - UK mortgages RMS 1-6 1,002 — — 1,002 — — — — RMS 7-9 — — — — — — — — RMS 10 — — — — — — — — RMS 11-13 — — — — — — — — RMS 14 — — — — — — — — 1,002 — — 1,002 — — — — Retail - credit cards RMS 1-6 15,280 596 — 15,876 15 11 — 26 RMS 7-9 286 61 — 347 1 1 — 2 RMS 10 — 9 — 9 — — — — RMS 11-13 — 12 — 12 — — — — RMS 14 — — 15 15 — — — — 15,566 678 15 16,259 16 12 — 28 Retail - loans and overdrafts RMS 1-6 3,556 59 — 3,615 5 3 — 8 RMS 7-9 56 23 — 79 1 2 — 3 RMS 10 1 6 — 7 — 1 — 1 RMS 11-13 — 15 — 15 — 3 — 3 RMS 14 — — 10 10 — — — — 3,613 103 10 3,726 6 9 — 15 Retail - UK Motor Finance RMS 1-6 2 — — 2 — — — — RMS 7-9 — — — — — — — — RMS 10 — — — — — — — — RMS 11-13 — — — — — — — — RMS 14 — — — — — — — — 2 — — 2 — — — — Retail - other RMS 1-6 666 23 — 689 13 — — 13 RMS 7-9 44 26 — 70 4 4 — 8 RMS 10 — — — — — — — — RMS 11-13 — 6 — 6 — 2 — 2 RMS 14 — — 1 1 — — — — 710 55 1 766 17 6 — 23 Total Retail 20,893 836 26 21,755 39 27 — 66 Undrawn exposures Expected credit loss allowance The Bank - Gross undrawn exposures and expected credit loss allowance continued Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total £m £m £m £m £m £m £m £m At 31 December 2021 Commercial Banking CMS 1-10 29,012 31 — 29,043 6 — — 6 CMS 11-14 5,014 1,050 — 6,064 12 15 — 27 CMS 15-18 62 250 — 312 — 10 — 10 CMS 19 — 23 — 23 — 1 — 1 CMS 20-23 — — 65 65 — — 4 4 34,088 1,354 65 35,507 18 26 4 48 Other RMS 1-6 227 — — 227 — — — — RMS 7-9 — — — — — — — — RMS 10 — — — — — — — — RMS 11-13 — — — — — — — — RMS 14 — — — — — — — — 227 — — 227 — — — — CMS 1-10 501 — — 501 — — — — CMS 11-14 — — — — — — — — CMS 15-18 — — — — — — — — CMS 19 — — — — — — — — CMS 20-23 — — — — — — — — 501 — — 501 — — — — Total loans and advances to customers and reverse repurchase agreements 55,709 2,190 91 57,990 57 53 4 114 In respect of: Retail 20,893 836 26 21,755 39 27 — 66 Commercial Banking 34,088 1,354 65 35,507 18 26 4 48 Other 728 — — 728 — — — — Total loans and advances to customers and reverse repurchase agreements 55,709 2,190 91 57,990 57 53 4 114 Drawn exposures Expected credit loss allowance The Bank - Gross drawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total £m £m £m £m £m £m £m £m At 31 December 2020 Loans and advances to banks and reverse repurchase agreements CMS 1-10 5,660 — — 5,660 4 — — 4 CMS 11-14 — — — — — — — — CMS 15-18 — — — — — — — — CMS 19 — — — — — — — — CMS 20-23 — — — — — — — — 5,660 — — 5,660 4 — — 4 Loans and advances to customers and reverse repurchase agreements Retail - UK mortgages RMS 1-6 41,423 4,152 — 45,575 8 24 — 32 RMS 7-9 2 1,442 — 1,444 — 11 — 11 RMS 10 — 137 — 137 — 3 — 3 RMS 11-13 — 946 — 946 — 18 — 18 RMS 14 — — 568 568 — — 32 32 41,425 6,677 568 48,670 8 56 32 96 Retail - credit cards RMS 1-6 2,248 363 — 2,611 18 17 — 35 RMS 7-9 290 342 — 632 14 45 — 59 RMS 10 2 94 — 96 — 22 — 22 RMS 11-13 — 134 — 134 — 57 — 57 RMS 14 — — 88 88 — — 40 40 2,540 933 88 3,561 32 141 40 213 Retail - loans and overdrafts RMS 1-6 2,930 162 — 3,092 44 8 — 52 RMS 7-9 1,109 265 — 1,374 56 30 — 86 RMS 10 64 102 — 166 7 21 — 28 RMS 11-13 22 266 — 288 4 102 — 106 RMS 14 — — 173 173 — — 84 84 4,125 795 173 5,093 111 161 84 356 Retail - UK Motor Finance RMS 1-6 382 40 — 422 7 2 — 9 RMS 7-9 6 18 — 24 — 1 — 1 RMS 10 — 9 — 9 — 2 — 2 RMS 11-13 — 13 — 13 — 5 — 5 RMS 14 — — 44 44 — — 26 26 388 80 44 512 7 10 26 43 Retail - other RMS 1-6 5,173 188 — 5,361 9 11 — 20 RMS 7-9 2,186 214 — 2,400 10 32 — 42 RMS 10 — — — — — — — — RMS 11-13 345 395 — 740 — 35 — 35 RMS 14 — — 123 123 — — 37 37 7,704 797 123 8,624 19 78 37 134 Total Retail 56,182 9,282 996 66,460 177 446 219 842 Drawn exposures Expected credit loss allowance The Bank - Gross drawn exposures and expected credit loss allowance continued Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total £m £m £m £m £m £m £m £m At 31 December 2020 Commercial Banking CMS 1-10 17,907 175 — 18,082 20 — — 20 CMS 11-14 22,449 5,928 — 28,377 114 94 — 208 CMS 15-18 3,722 5,548 — 9,270 76 332 — 408 CMS 19 — 549 — 549 — 101 — 101 CMS 20-23 — — 1,865 1,865 — — 496 496 44,078 12,200 1,865 58,143 210 527 496 1,233 Other RMS 1-6 230 12 — 242 2 1 — 3 RMS 7-9 — — — — — — — — RMS 10 — — — — — — — — RMS 11-13 — — — — — — — — RMS 14 — — 6 6 — — 3 3 230 12 6 248 2 1 3 6 CMS 1-10 55,595 — — 55,595 — — — — CMS 11-14 104 — — 104 — — — — CMS 15-18 — — — — — — — — CMS 19 — — — — — — — — CMS 20-23 — — — — — — — — 55,699 — — 55,699 — — — — Central adjustment — — — — 200 — — 200 Total loans and advances to customers and reverse repurchase agreements 156,189 21,494 2,867 180,550 589 974 718 2,281 In respect of: Retail 56,182 9,282 996 66,460 177 446 219 842 Commercial Banking 44,078 12,200 1,865 58,143 210 527 496 1,233 Other 1 55,929 12 6 55,947 202 1 3 206 Total loans and advances to customers and reverse repurchase agreements 156,189 21,494 2,867 180,550 589 974 718 2,281 1 Contains mainly reverse repurchase agreement balances. Undrawn exposures Expected credit loss allowance The Bank - Gross undrawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total £m £m £m £m £m £m £m £m At 31 December 2020 Loans and advances to customers and reverse repurchase agreements Retail - UK mortgages RMS 1-6 1,720 — — 1,720 — — — — RMS 7-9 — — — — — — — — RMS 10 — — — — — — — — RMS 11-13 — — — — — — — — RMS 14 — — — — — — — — 1,720 — — 1,720 — — — — Retail - credit cards RMS 1-6 14,814 1,081 — 15,895 17 19 — 36 RMS 7-9 154 154 — 308 3 4 — 7 RMS 10 3 21 — 24 — 1 — 1 RMS 11-13 — 24 — 24 — 2 — 2 RMS 14 — — 13 13 — — — — 14,971 1,280 13 16,264 20 26 — 46 Retail - loans and overdrafts RMS 1-6 3,414 99 — 3,513 8 4 — 12 RMS 7-9 160 74 — 234 4 8 — 12 RMS 10 8 22 — 30 1 4 — 5 RMS 11-13 2 42 — 44 — 12 — 12 RMS 14 — — 10 10 — — — — 3,584 237 10 3,831 13 28 — 41 Retail - UK Motor Finance RMS 1-6 24 — — 24 — — — — RMS 7-9 — — — — — — — — RMS 10 — — — — — — — — RMS 11-13 — — — — — — — — RMS 14 — — — — — — — — 24 — — 24 — — — — Retail - other RMS 1-6 923 18 — 941 6 2 — 8 RMS 7-9 131 31 — 162 8 12 — 20 RMS 10 — — — — — — — — RMS 11-13 — 10 — 10 — 6 — 6 RMS 14 — — 1 1 — — — — 1,054 59 1 1,114 14 20 — 34 Total Retail 21,353 1,576 24 22,953 47 74 — 121 Undrawn exposures Expected credit loss allowance The Bank - Gross undrawn exposures and expected credit loss allowance continued Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total £m £m £m £m £m £m £m £m At 31 December 2020 Commercial Banking CMS 1-10 27,598 — — 27,598 14 — — 14 CMS 11-14 8,105 1,239 — 9,344 26 13 — 39 CMS 15-18 829 1,057 — 1,886 13 41 — 54 CMS 19 — 54 — 54 — 7 — 7 CMS 20-23 — — 189 189 — — 8 8 36,532 2,350 189 39,071 53 61 8 122 Other RMS 1-6 242 — — 242 2 — — 2 RMS 7-9 — — — — — — — — RMS 10 — — — — — — — — RMS 11-13 — — — — — — — — RMS 14 — — — — — — — — 242 — — 242 2 — — 2 CMS 1-10 500 — — 500 — — — — CMS 11-14 — — — — — — — — CMS 15-18 — — — — — — — — CMS 19 — — — — — — — — CMS 20-23 — — — — — — — — 500 — — 500 — — — — Total loans and advances to customers and reverse repurchase agreements 58,627 3,926 213 62,766 102 135 8 245 In respect of: Retail 21,353 1,576 24 22,953 47 74 — 121 Commercial Banking 36,532 2,350 189 39,071 53 61 8 122 Other 742 — — 742 2 — — 2 Total loans and advances to customers and reverse repurchase agreements 58,627 3,926 213 62,766 102 135 8 245 |
Schedule of Debt Securities Classified as Loans and Receivables | An analysis by credit rating of debt securities held at amortised cost is provided below: 2021 2020 Investment grade 1 Other 2 Total Investment grade 1 Other 2 Total The Group £m £m £m £m £m £m Asset-backed securities: Mortgage-backed securities 1,457 — 1,457 2,046 — 2,046 Other asset-backed securities 1,590 18 1,608 1,593 20 1,613 3,047 18 3,065 3,639 20 3,659 Corporate and other debt securities 1,498 1 1,499 1,463 16 1,479 Gross exposure 4,545 19 4,564 5,102 36 5,138 Allowance for impairment losses (2) (1) Total debt securities held at amortised cost 4,562 5,137 1 Credit ratings equal to or better than ‘BBB’. 2 Other comprises sub-investment grade (2021: £18 million; 2020: £8 million and not rated (2021: £1 million; 2020: £28 million). 2021 2020 Investment grade 1 Other 2 Total Investment grade 1 Other 2 Total The Bank £m £m £m £m £m £m Asset-backed securities: Mortgage-backed securities 1,151 — 1,151 1,741 — 1,741 Other asset-backed securities 1,115 — 1,115 1,103 — 1,103 2,266 — 2,266 2,844 — 2,844 Corporate and other debt securities 1,490 — 1,490 1,457 15 1,472 Gross exposure 3,756 — 3,756 4,301 15 4,316 Allowance for impairment losses — (1) Total debt securities held at amortised cost 3,756 4,315 1 Credit ratings equal to or better than ‘BBB’. 2 Other comprises sub-investment grade (2021: £nil; 2020: £nil) and not rated (2021: £nil; 2020: £15 million). |
Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) | . The credit quality of financial assets at fair value through other comprehensive income is set out below: 2021 2020 Investment grade 1 Other 2 Total Investment grade 1 Other 2 Total The Group £m £m £m £m £m £m Debt securities: Government securities 14,599 — 14,599 14,267 — 14,267 Asset-backed securities — 55 55 — 65 65 Corporate and other debt securities 13,087 44 13,131 12,786 142 12,928 27,686 99 27,785 27,053 207 27,260 Treasury and other bills — — — — — — Total financial assets at fair value through other comprehensive income 27,686 99 27,785 27,053 207 27,260 1 Credit ratings equal to or better than ‘BBB’. 2 Other comprises sub-investment grade (2021: £55 million; 2020: £65 million) and not rated (2021: £44 million; 2020: £142 million). 2021 2020 Investment grade 1 Other 2 Total Investment grade 1 Other 2 Total The Bank £m £m £m £m £m £m Debt securities: Government securities 14,445 — 14,445 14,114 — 14,114 Corporate and other debt securities 11,084 — 11,084 10,444 89 10,533 25,529 — 25,529 24,558 89 24,647 Treasury and other bills — — — — — — 25,529 — 25,529 24,558 89 24,647 Due from fellow Lloyds Banking Group undertakings: Corporate and other debt securities — — Total financial assets at fair value through other comprehensive income 25,529 24,647 1 Credit ratings equal to or better than ‘BBB’. 2 Other comprises sub-investment grade (2021: £nil; 2020: £nil) and not rated (2021: £nil; 2020: £89 million). |
Schedule of Derivative Assets | 2021 2020 Investment grade 1 Other 2 Total Investment grade 1 Other 2 Total The Group £m £m £m £m £m £m Trading and other 3,991 834 4,825 5,942 1,037 6,979 Hedging 52 — 52 667 5 672 4,043 834 4,877 6,609 1,042 7,651 Due from fellow Lloyds Banking Group undertakings 634 690 Total derivative financial instruments 5,511 8,341 1 Credit ratings equal to or better than ‘BBB’. 2 Other comprises sub-investment grade (2021: £622 million; 2020: £969 million) and not rated (2021: £212 million; 2020: £73 million). 2021 2020 Investment grade 1 Other 2 Total Investment grade 1 Other 2 Total The Bank £m £m £m £m £m £m Trading and other 2,847 86 2,933 4,442 146 4,588 Hedging 32 — 32 237 3 240 2,879 86 2,965 4,679 149 4,828 Due from fellow Lloyds Banking Group undertakings 3,933 7,767 Total derivative financial instruments 6,898 12,595 1 Credit ratings equal to or better than ‘BBB’. 2 Other comprises sub-investment grade (2021: £42 million; 2020: £135 million) and not rated (2021: £44 million; 2020: £14 million). |
Schedule of Mortgage Lending | 2021 2020 The Group Stage 1 Stage 2 Stage 3 POCI Total gross Stage 1 Stage 2 Stage 3 POCI Total gross £m £m £m £m £m £m £m £m £m £m Less than 70 per cent 217,830 19,766 1,717 9,872 249,185 185,548 24,330 1,547 10,051 221,476 70 per cent to 80 per cent 42,808 1,632 134 572 45,146 43,656 3,364 187 1,303 48,510 80 per cent to 90 per cent 12,087 253 52 184 12,576 21,508 1,009 74 470 23,061 90 per cent to 100 per cent 779 46 14 135 974 555 126 21 190 892 Greater than 100 per cent 125 101 23 214 463 151 189 30 497 867 Total 273,629 21,798 1,940 10,977 308,344 251,418 29,018 1,859 12,511 294,806 2021 2020 The Bank Stage 1 Stage 2 Stage 3 Total gross Stage 1 Stage 2 Stage 3 Total gross £m £m £m £m £m £m £m £m Less than 70 per cent 37,113 4,072 432 41,617 36,418 5,639 456 42,513 70 per cent to 80 per cent 2,588 246 29 2,863 3,603 712 66 4,381 80 per cent to 90 per cent 612 49 17 678 1,298 239 30 1,567 90 per cent to 100 per cent 90 10 3 103 94 42 9 145 Greater than 100 per cent 12 20 5 37 12 45 7 64 Total 40,415 4,397 486 45,298 41,425 6,677 568 48,670 |
Schedule of Securities Lending Transactions | The following on-balance sheet financial assets have been lent to counterparties under securities lending transactions: The Group The Bank 2021 2020 2021 2020 £m £m £m £m Financial assets at fair value through profit or loss — — — 1,365 Financial assets at fair value through other comprehensive income 2,724 2,344 2,946 969 Total 2,724 2,344 2,946 2,334 |
Schedule of Interest Rate Risk Exposure | At 31 December 2021, the Group and the Bank had the following significant exposures impacted by interest rate benchmark reform which have yet to transition to the replacement benchmark rate: The Group The Bank Sterling LIBOR US Dollar LIBOR Other LIBOR Total Sterling LIBOR US Dollar LIBOR Other LIBOR Total £m £m £m £m £m £m £m £m Non-derivative financial assets Financial assets at fair value through profit or loss 131 172 — 303 33 96 — 129 Loans and advances to banks and reverse repurchase agreements — 3,252 — 3,252 — 3,252 — 3,252 Loans and advances to customers and reverse repurchase agreements 3,419 2,549 — 5,968 2,912 1,924 — 4,836 Due from fellow Lloyds Banking Group undertakings — — — — 7 127 — 134 Debt securities — — — — — — — — Financial assets at amortised cost 3,419 5,801 — 9,220 2,919 5,303 — 8,222 3,550 5,973 — 9,523 2,952 5,399 — 8,351 Non-derivative financial liabilities Financial liabilities at fair value through profit or loss — (100) (3) (103) — (100) (3) (103) Debt securities in issue — (54) (26) (80) — (54) (6) (60) — (154) (29) (183) — (154) (9) (163) Derivative notional/contract amount Interest rate 4,271 120,797 — 125,068 1,411 120,502 10 121,923 Cross currency — 22,663 — 22,663 — 21,868 — 21,868 |
Schedule of Maturities of Liabilities | The Group Up to 1 1-3 3-12 1-5 Over 5 Total £m £m £m £m £m £m At 31 December 2021 Deposits from banks and repurchase agreements 1,930 477 202 32,407 223 35,239 Customer deposits and repurchase agreements 439,550 1,616 3,689 5,046 569 450,470 Financial liabilities at fair value through profit or loss 81 21 242 1,572 4,677 6,593 Debt securities in issue 4,367 5,307 8,603 27,715 4,708 50,700 Lease liabilities 2 61 158 578 832 1,631 Subordinated liabilities 30 39 370 5,418 5,679 11,536 Total non-derivative financial liabilities 445,960 7,521 13,264 72,736 16,688 556,169 Derivative financial liabilities: Gross settled derivatives – outflows 2,577 573 4,232 11,280 4,990 23,652 Gross settled derivatives – inflows (2,462) (425) (4,168) (10,945) (4,734) (22,734) Gross settled derivatives – net flows 115 148 64 335 256 918 Net settled derivative liabilities 2,654 (21) (6) 145 360 3,132 Total derivative financial liabilities 2,769 127 58 480 616 4,050 At 31 December 2020 Deposits from banks and repurchase agreements 7,369 1,564 72 19,438 498 28,941 Customer deposits and repurchase agreements 413,374 9,871 5,366 5,542 595 434,748 Financial liabilities at fair value through profit or loss 40 45 141 1,702 10,110 12,038 Debt securities in issue 5,019 5,195 9,706 33,338 11,594 64,852 Lease liabilities 10 51 174 626 751 1,612 Subordinated liabilities 81 69 3,609 4,261 3,601 11,621 Total non-derivative financial liabilities 425,893 16,795 19,068 64,907 27,149 553,812 Derivative financial liabilities: Gross settled derivatives – outflows 4,358 4,818 4,390 15,787 8,397 37,750 Gross settled derivatives – inflows (3,795) (4,312) (4,272) (15,696) (8,885) (36,960) Gross settled derivatives – net flows 563 506 118 91 (488) 790 Net settled derivative liabilities 4,648 7 89 216 329 5,289 Total derivative financial liabilities 5,211 513 207 307 (159) 6,079 The Bank Up to 1 1-3 3-12 1-5 Over 5 Total £m £m £m £m £m £m At 31 December 2021 Deposits from banks and repurchase agreements 1,921 467 31 813 224 3,456 Customer deposits and repurchase agreements 266,536 1,065 691 765 432 269,489 Financial liabilities at fair value through profit or loss 81 21 242 1,572 4,645 6,561 Debt securities in issue 3,802 4,559 5,426 22,704 3,815 40,306 Lease liabilities 1 32 83 300 434 850 Subordinated liabilities 9 17 339 4,708 5,254 10,327 Total non-derivative financial liabilities 272,350 6,161 6,812 30,862 14,804 330,989 Derivative financial liabilities: Gross settled derivatives – outflows 2,545 544 3,827 10,416 4,343 21,675 Gross settled derivatives – inflows (2,452) (407) (3,769) (10,108) (4,095) (20,831) Gross settled derivatives – net flows 93 137 58 308 248 844 Net settled derivative liabilities 2,125 (21) (6) 145 320 2,563 Total derivative financial liabilities 2,218 116 52 453 568 3,407 At 31 December 2020 Deposits from banks and repurchase agreements 7,353 1,562 15 1,108 361 10,399 Customer deposits and repurchase agreements 254,667 7,185 1,334 819 457 264,462 Financial liabilities at fair value through profit or loss 40 45 141 1,701 10,065 11,992 Debt securities in issue 4,502 4,200 6,404 27,908 9,408 52,422 Lease liabilities 1 34 97 326 445 903 Subordinated liabilities 9 43 3,069 3,517 3,016 9,654 Total non-derivative financial liabilities 266,572 13,069 11,060 35,379 23,752 349,832 Derivative financial liabilities: Gross settled derivatives – outflows 3,881 4,737 3,433 15,174 6,337 33,562 Gross settled derivatives – inflows (3,405) (4,291) (3,336) (15,076) (6,629) (32,737) Gross settled derivatives – net flows 476 446 97 98 (292) 825 Net settled derivative liabilities 3,885 5 3 146 208 4,247 Total derivative financial liabilities 4,361 451 100 244 (84) 5,072 |
Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments | The following tables set out the amounts and residual maturities of off-balance sheet contingent liabilities, commitments and guarantees. The Group Within 1 1-3 3-5 Over 5 Total £m £m £m £m £m At 31 December 2021 Acceptances and endorsements 21 21 Other contingent liabilities 1,362 242 258 457 2,319 Total contingent liabilities 1,383 242 258 457 2,340 Lending commitments and guarantees 97,587 15,506 9,853 4,678 127,624 Other commitments — 18 — 42 60 Total commitments and guarantees 97,587 15,524 9,853 4,720 127,684 Total contingents, commitments and guarantees 98,970 15,766 10,111 5,177 130,024 At 31 December 2020 Acceptances and endorsements 73 — — — 73 Other contingent liabilities 1,302 337 69 583 2,291 Total contingent liabilities 1,375 337 69 583 2,364 Lending commitments and guarantees 102,279 18,152 9,454 3,588 133,473 Other commitments 1 44 16 64 125 Total commitments and guarantees 102,280 18,196 9,470 3,652 133,598 Total contingents, commitments and guarantees 103,655 18,533 9,539 4,235 135,962 The Bank Within 1 1-3 3-5 Over 5 Total £m £m £m £m £m At 31 December 2021 Acceptances and endorsements 21 — — — 21 Other contingent liabilities 1,227 216 227 386 2,056 Total contingent liabilities 1,248 216 227 386 2,077 Lending commitments and guarantees 30,872 14,213 9,180 3,670 57,935 Other commitments — 18 — 37 55 Total commitments and guarantees 30,872 14,231 9,180 3,707 57,990 Total contingents, commitments and guarantees 32,120 14,447 9,407 4,093 60,067 At 31 December 2020 Acceptances and endorsements 73 — — — 73 Other contingent liabilities 1,144 328 68 480 2,020 Total contingent liabilities 1,217 328 68 480 2,093 Lending commitments and guarantees 34,552 16,319 9,127 2,672 62,670 Other commitments — 27 16 53 96 Total commitments and guarantees 34,552 16,346 9,143 2,725 62,766 Total contingents, commitments and guarantees 35,769 16,674 9,211 3,205 64,859 |
CASH FLOW STATEMENTS (Tables)
CASH FLOW STATEMENTS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of cash flow statement [text block] [Abstract] | |
Schedule of Change in Operating Assets | The Group The Bank 2021 2020 2019 2021 2020 2019 £m £m £m £m £m £m Change in amounts due from fellow Lloyds Banking Group undertakings (1) 1,116 24 20,347 73,506 (48,692) Change in other financial assets held at amortised cost 3,292 (9,688) (11,832) 15,167 (1,815) (5,482) Change in financial assets at fair value through profit or loss (124) 610 20,972 (2,805) (1,021) 20,140 Change in derivative financial instruments 1,548 479 3,677 6,085 753 2,428 Change in other operating assets 345 627 63 10 239 63 Change in operating assets 5,060 (6,856) 12,904 38,804 71,662 (31,543) |
Schedule of Change in Operating Liabilities | The Group The Bank 2021 2020 2019 2021 2020 2019 £m £m £m £m £m £m Change in deposits from banks and repurchase agreements 8,451 1,404 (2,670) (7,479) 3,182 1,802 Change in customer deposits and repurchase agreements 14,825 37,728 5,593 4,231 24,711 10,360 Change in amounts due to fellow Lloyds Banking Group undertakings (806) (1,316) (8,142) (12,468) (73,233) 28,016 Change in financial liabilities at fair value through profit or loss (380) (946) (10,447) 1,828 135 (10,441) Change in derivative financial instruments (3,585) (1,603) (1,080) (4,970) (3,139) (335) Change in debt securities in issue (10,569) (17,138) 11,898 (9,670) (13,400) 11,722 Change in other operating liabilities 1 174 (288) (782) 513 (249) (1,823) Change in operating liabilities 8,110 17,841 (5,630) (28,015) (61,993) 39,301 1 Includes a decrease of £182 million (2020: decrease of £163 million; 2019: increase of £43 million) for the Group and a decrease of £108 million (2020: decrease of £42 million; 2019: increase of £20 million) for the Bank in respect of lease liabilities. |
Schedule of Non-Cash and Other Items | The Group The Bank 2021 2020 2019 2021 2020 2019 £m £m £m £m £m £m Depreciation and amortisation 2,777 2,670 2,602 1,671 1,325 1,245 Permanent diminution in value of investment in subsidiaries — — — — — 159 Dividends and distributions on other equity instruments received from subsidiary undertakings — — — (1,503) (211) (1,434) Revaluation of investment properties — 20 8 — — — Allowance for loan losses (1,085) 3,802 1,380 (648) 1,742 490 Write-off of allowance for loan losses, net of recoveries (935) (1,279) (1,457) (442) (622) (759) Impairment (credit) charge relating to undrawn balances (231) 253 (17) (134) 155 14 Impairment of financial assets at fair value through other comprehensive income (2) 5 (1) 1 1 (1) Regulatory and legal provisions 1,177 414 2,190 196 312 996 Other provision movements (82) 80 (161) (71) 18 (43) Additional capital injections to subsidiaries — — — (36) (33) (53) Net charge in respect of defined benefit schemes 236 247 245 114 121 131 Foreign exchange impact on balance sheet 1 159 823 420 (48) 491 (230) Interest expense on subordinated liabilities 570 846 947 484 534 657 Profit on disposal of businesses — — (107) — — — Other non-cash items (1,173) (1,216) (347) (867) (339) (174) Total non-cash items 1,411 6,665 5,702 (1,283) 3,494 998 Contributions to defined benefit schemes (1,347) (1,153) (1,069) (823) (650) (563) Payments in respect of regulatory and legal provisions (680) (2,165) (3,164) (190) (959) (1,385) Other (45) 137 — 237 (65) — Total other items (2,072) (3,181) (4,233) (776) (1,674) (1,948) Non-cash and other items (661) 3,484 1,469 (2,059) 1,820 (950) 1 When considering the movement on each line of the balance sheet, the impact of foreign exchange rate movements is removed in order to show the underlying cash impact. |
Schedule of Analysis of Cash and Cash Equivalents as Shown in the Balance Sheet | Analysis of cash and cash equivalents as shown in the balance sheet The Group The Bank 2021 2020 2019 2021 2020 2019 £m £m £m £m £m £m Cash and balances at central banks 54,279 49,888 38,880 49,618 45,753 35,741 Less mandatory reserve deposits 1 (4,777) (4,392) (3,177) (963) (954) (764) 49,502 45,496 35,703 48,655 44,799 34,977 Loans and advances to banks and reverse repurchase agreements 7,474 5,950 4,852 7,287 5,656 4,453 Less amounts with a maturity of three months or more (3,786) (2,480) (1,941) (3,712) (2,387) (1,648) 3,688 3,470 2,911 3,575 3,269 2,805 Total cash and cash equivalents 53,190 48,966 38,614 52,230 48,068 37,782 |
ACCOUNTING POLICIES (Details)
ACCOUNTING POLICIES (Details) | 12 Months Ended |
Dec. 31, 2021 | |
Bottom of range | Fixtures and furnishings | |
ACCOUNTING POLICIES (Details) [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 10 years |
Bottom of range | Equipment and motor vehicles | |
ACCOUNTING POLICIES (Details) [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 2 years |
Bottom of range | Brands | |
ACCOUNTING POLICIES (Details) [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 10 years |
Top of range | Freehold long and short leasehold premises | |
ACCOUNTING POLICIES (Details) [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 50 years |
Top of range | Leasehold improvements | |
ACCOUNTING POLICIES (Details) [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 10 years |
Top of range | Fixtures and furnishings | |
ACCOUNTING POLICIES (Details) [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 20 years |
Top of range | Equipment and motor vehicles | |
ACCOUNTING POLICIES (Details) [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 8 years |
Top of range | Capitalised software enhancements | |
ACCOUNTING POLICIES (Details) [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 7 years |
Top of range | Brands | |
ACCOUNTING POLICIES (Details) [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 15 years |
CRITICAL ACCOUNTING JUDGEMENT_3
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY - Disclosure of Allowance for Expected Credit Losses (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | £ 4,000 | £ 6,132 | |
Stage 2 | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Loans and advances to customers | 500 | 600 | |
The Group | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Total allowance for impairment loss | 4,000 | 6,132 | |
Loans and advances to customers | [1] | 430,829 | 425,694 |
The Group | Drawn balance | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 3,806 | 5,706 | |
The Bank | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Total allowance for impairment loss | 1,311 | 2,558 | |
Loans and advances to customers | [1] | 116,716 | 123,822 |
The Bank | Drawn balance | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | £ 1,197 | £ 2,313 | |
[1] | ee note 1 regarding change to presentation. |
CRITICAL ACCOUNTING JUDGEMENT_4
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY - Disclosure of Significant Increase in Credit Risk (Details) £ in Millions | 12 Months Ended |
Dec. 31, 2021GBP (£)grade | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
Increase in ECL, transferred to lifetime expected loss | £ | £ 15 |
1 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
PD Boundary % (in percent) | 10.00% |
2 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
PD Boundary % (in percent) | 40.00% |
3 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
PD Boundary % (in percent) | 80.00% |
4 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
PD Boundary % (in percent) | 120.00% |
5 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
PD Boundary % (in percent) | 250.00% |
6 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
PD Boundary % (in percent) | 450.00% |
7 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
PD Boundary % (in percent) | 750.00% |
8 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
PD Boundary % (in percent) | 1000.00% |
9 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
PD Boundary % (in percent) | 1400.00% |
10 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
PD Boundary % (in percent) | 2000.00% |
11 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
PD Boundary % (in percent) | 3000.00% |
12 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
PD Boundary % (in percent) | 4500.00% |
13 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
PD Boundary % (in percent) | 9999.00% |
14 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
PD Boundary % (in percent) | 10000.00% |
1 | Mortgages SICR grade | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
Financial asset, SICR grade | 5 |
1 | Credit cards, loans and overdrafts SICR grade | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
Financial asset, SICR grade | 4 |
2 | Mortgages SICR grade | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
Financial asset, SICR grade | 5 |
2 | Credit cards, loans and overdrafts SICR grade | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
Financial asset, SICR grade | 5 |
3 | Mortgages SICR grade | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
Financial asset, SICR grade | 6 |
3 | Credit cards, loans and overdrafts SICR grade | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
Financial asset, SICR grade | 6 |
4 | Mortgages SICR grade | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
Financial asset, SICR grade | 7 |
4 | Credit cards, loans and overdrafts SICR grade | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
Financial asset, SICR grade | 7 |
5 | Mortgages SICR grade | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
Financial asset, SICR grade | 8 |
5 | Credit cards, loans and overdrafts SICR grade | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
Financial asset, SICR grade | 8 |
6 | Mortgages SICR grade | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
Financial asset, SICR grade | 9 |
6 | Credit cards, loans and overdrafts SICR grade | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
Financial asset, SICR grade | 9 |
7 | Mortgages SICR grade | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
Financial asset, SICR grade | 10 |
7 | Credit cards, loans and overdrafts SICR grade | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
Financial asset, SICR grade | 10 |
Stage 2 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |
Additions to financial assets | £ | £ 300 |
CRITICAL ACCOUNTING JUDGEMENT_5
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY - Narrative Disclosure of Generation of Multiple Economic Assumptions (Details) | Dec. 31, 2021 | Dec. 31, 2020 |
Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Probability of default weight (in percent) | 30.00% | 30.00% |
Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Probability of default weight (in percent) | 30.00% | 30.00% |
Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Probability of default weight (in percent) | 30.00% | 30.00% |
Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Probability of default weight (in percent) | 10.00% | 10.00% |
CRITICAL ACCOUNTING JUDGEMENT_6
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY - Disclosure of Scenarios by Quarter and Year (Details) | Dec. 31, 2021 | Dec. 31, 2020 |
Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 3.00% | 0.30% |
UK Bank Rate (in percent) | 1.43% | 0.98% |
Unemployment rate (in percent) | 3.70% | 5.00% |
House price growth (in percent) | 5.10% | 4.20% |
Commercial real estate price growth (in percent) | 3.70% | 2.10% |
Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 2.90% | 0.10% |
UK Bank Rate (in percent) | 0.85% | 0.15% |
Unemployment rate (in percent) | 4.40% | 5.90% |
House price growth (in percent) | 2.10% | 1.10% |
Commercial real estate price growth (in percent) | 1.20% | (1.10%) |
Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 2.80% | (0.40%) |
UK Bank Rate (in percent) | 0.47% | 0.05% |
Unemployment rate (in percent) | 5.60% | 7.10% |
House price growth (in percent) | (3.10%) | (3.50%) |
Commercial real estate price growth (in percent) | (2.60%) | (4.90%) |
Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 2.10% | (0.80%) |
UK Bank Rate (in percent) | 0.08% | 0.02% |
Unemployment rate (in percent) | 7.30% | 8.80% |
House price growth (in percent) | (6.90%) | (7.50%) |
Commercial real estate price growth (in percent) | (6.80%) | (9.70%) |
Probability-weighted | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 2.80% | (0.10%) |
UK Bank Rate (in percent) | 0.83% | 0.36% |
Unemployment rate (in percent) | 4.80% | 6.30% |
House price growth (in percent) | 0.60% | (0.20%) |
Commercial real estate price growth (in percent) | 0.10% | (2.10%) |
Base case | 2020 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | (10.50%) | |
UK Bank Rate (in percent) | 0.10% | |
Unemployment rate (in percent) | 4.50% | |
House price growth (in percent) | 5.90% | |
Commercial real estate price growth (in percent) | (7.00%) | |
Base case | 2021 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 7.10% | 3.00% |
UK Bank Rate (in percent) | 0.14% | 0.10% |
Unemployment rate (in percent) | 4.50% | 6.80% |
House price growth (in percent) | 9.80% | (3.80%) |
Commercial real estate price growth (in percent) | 10.20% | (1.70%) |
Base case | 2022 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 3.70% | 6.00% |
UK Bank Rate (in percent) | 0.81% | 0.10% |
Unemployment rate (in percent) | 4.30% | 6.80% |
House price growth (in percent) | 0.00% | 0.50% |
Commercial real estate price growth (in percent) | (2.20%) | 1.60% |
Base case | 2023 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 1.50% | 1.70% |
UK Bank Rate (in percent) | 1.00% | 0.21% |
Unemployment rate (in percent) | 4.40% | 6.10% |
House price growth (in percent) | 0.00% | 1.50% |
Commercial real estate price growth (in percent) | (1.90%) | 1.10% |
Base case | 2024 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 1.30% | 1.40% |
UK Bank Rate (in percent) | 1.06% | 0.25% |
Unemployment rate (in percent) | 4.40% | 5.50% |
House price growth (in percent) | 0.50% | 1.50% |
Commercial real estate price growth (in percent) | 0.10% | 0.60% |
Base case | 2025 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 1.30% | |
UK Bank Rate (in percent) | 1.25% | |
Unemployment rate (in percent) | 4.50% | |
House price growth (in percent) | 0.70% | |
Commercial real estate price growth (in percent) | 0.60% | |
Base case | First quarter 2021 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | (1.30%) | (3.80%) |
UK Bank Rate (in percent) | 0.10% | 0.10% |
Unemployment rate (in percent) | 4.90% | 5.20% |
House price growth (in percent) | 6.50% | 5.50% |
Commercial real estate price growth (in percent) | (2.90%) | (6.10%) |
Base case | Second quarter 2021 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 5.40% | 5.60% |
UK Bank Rate (in percent) | 0.10% | 0.10% |
Unemployment rate (in percent) | 4.70% | 6.50% |
House price growth (in percent) | 8.70% | 4.70% |
Commercial real estate price growth (in percent) | 3.40% | (2.90%) |
Base case | Third quarter 2021 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 1.10% | 3.60% |
UK Bank Rate (in percent) | 0.10% | 0.10% |
Unemployment rate (in percent) | 4.30% | 8.00% |
House price growth (in percent) | 7.40% | (1.60%) |
Commercial real estate price growth (in percent) | 7.50% | (2.20%) |
Base case | Fourth quarter 2021 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 0.40% | 1.50% |
UK Bank Rate (in percent) | 0.25% | 0.10% |
Unemployment rate (in percent) | 4.30% | 7.50% |
House price growth (in percent) | 9.80% | (3.80%) |
Commercial real estate price growth (in percent) | 10.20% | (1.70%) |
Base case | First quarter 2022 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 0.10% | |
UK Bank Rate (in percent) | 0.50% | |
Unemployment rate (in percent) | 4.40% | |
House price growth (in percent) | 8.40% | |
Commercial real estate price growth (in percent) | 8.40% | |
Base case | Second quarter 2022 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 1.50% | |
UK Bank Rate (in percent) | 0.75% | |
Unemployment rate (in percent) | 4.30% | |
House price growth (in percent) | 6.10% | |
Commercial real estate price growth (in percent) | 5.20% | |
Base case | Third quarter 2022 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 0.50% | |
UK Bank Rate (in percent) | 1.00% | |
Unemployment rate (in percent) | 4.30% | |
House price growth (in percent) | 3.20% | |
Commercial real estate price growth (in percent) | 0.90% | |
Base case | Fourth quarter 2022 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 0.30% | |
UK Bank Rate (in percent) | 1.00% | |
Unemployment rate (in percent) | 4.30% | |
House price growth (in percent) | (0.00%) | |
Commercial real estate price growth (in percent) | (2.20%) | |
Base case | First quarter 2020 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | (3.00%) | |
UK Bank Rate (in percent) | 0.10% | |
Unemployment rate (in percent) | 4.00% | |
House price growth (in percent) | 2.80% | |
Commercial real estate price growth (in percent) | (5.00%) | |
Base case | Second quarter 2020 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | (18.80%) | |
UK Bank Rate (in percent) | 0.10% | |
Unemployment rate (in percent) | 4.10% | |
House price growth (in percent) | 2.60% | |
Commercial real estate price growth (in percent) | (7.80%) | |
Base case | Third quarter 2020 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 16.00% | |
UK Bank Rate (in percent) | 0.10% | |
Unemployment rate (in percent) | 4.80% | |
House price growth (in percent) | 7.20% | |
Commercial real estate price growth (in percent) | (7.80%) | |
Base case | Fourth quarter 2020 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | (1.90%) | |
UK Bank Rate (in percent) | 0.10% | |
Unemployment rate (in percent) | 5.00% | |
House price growth (in percent) | 5.90% | |
Commercial real estate price growth (in percent) | (7.00%) | |
Upside | 2020 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | (10.50%) | |
UK Bank Rate (in percent) | 0.10% | |
Unemployment rate (in percent) | 4.30% | |
House price growth (in percent) | 6.30% | |
Commercial real estate price growth (in percent) | (4.60%) | |
Upside | 2021 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 7.10% | 3.70% |
UK Bank Rate (in percent) | 0.14% | 1.14% |
Unemployment rate (in percent) | 4.40% | 5.40% |
House price growth (in percent) | 10.10% | (1.40%) |
Commercial real estate price growth (in percent) | 12.40% | 9.30% |
Upside | 2022 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 4.00% | 5.70% |
UK Bank Rate (in percent) | 1.44% | 1.27% |
Unemployment rate (in percent) | 3.30% | 5.40% |
House price growth (in percent) | 2.60% | 5.20% |
Commercial real estate price growth (in percent) | 5.80% | 3.90% |
Upside | 2023 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 1.40% | 1.70% |
UK Bank Rate (in percent) | 1.74% | 1.20% |
Unemployment rate (in percent) | 3.40% | 5.00% |
House price growth (in percent) | 4.90% | 6.00% |
Commercial real estate price growth (in percent) | 0.70% | 2.10% |
Upside | 2024 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 1.30% | 1.50% |
UK Bank Rate (in percent) | 1.82% | 1.21% |
Unemployment rate (in percent) | 3.50% | 4.50% |
House price growth (in percent) | 4.70% | 5.00% |
Commercial real estate price growth (in percent) | 1.00% | 0.30% |
Upside | 2025 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 1.40% | |
UK Bank Rate (in percent) | 2.03% | |
Unemployment rate (in percent) | 3.70% | |
House price growth (in percent) | 3.60% | |
Commercial real estate price growth (in percent) | (0.60%) | |
Downside | 2020 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | (10.60%) | |
UK Bank Rate (in percent) | 0.10% | |
Unemployment rate (in percent) | 4.60% | |
House price growth (in percent) | 5.60% | |
Commercial real estate price growth (in percent) | (8.70%) | |
Downside | 2021 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 7.10% | 1.70% |
UK Bank Rate (in percent) | 0.14% | 0.06% |
Unemployment rate (in percent) | 4.70% | 7.90% |
House price growth (in percent) | 9.20% | (8.40%) |
Commercial real estate price growth (in percent) | 8.60% | (10.60%) |
Downside | 2022 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 3.40% | 5.10% |
UK Bank Rate (in percent) | 0.45% | 0.02% |
Unemployment rate (in percent) | 5.60% | 8.40% |
House price growth (in percent) | (4.90%) | (6.50%) |
Commercial real estate price growth (in percent) | (10.10%) | (3.20%) |
Downside | 2023 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 1.30% | 1.40% |
UK Bank Rate (in percent) | 0.52% | 0.02% |
Unemployment rate (in percent) | 5.90% | 7.80% |
House price growth (in percent) | (7.80%) | (4.70%) |
Commercial real estate price growth (in percent) | (7.00%) | (0.80%) |
Downside | 2024 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 1.10% | 1.40% |
UK Bank Rate (in percent) | 0.55% | 0.03% |
Unemployment rate (in percent) | 5.80% | 7.00% |
House price growth (in percent) | (6.60%) | (3.00%) |
Commercial real estate price growth (in percent) | (3.40%) | (0.80%) |
Downside | 2025 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 1.20% | |
UK Bank Rate (in percent) | 0.69% | |
Unemployment rate (in percent) | 5.70% | |
House price growth (in percent) | (4.70%) | |
Commercial real estate price growth (in percent) | (0.30%) | |
Severe downside | 2020 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | (10.80%) | |
UK Bank Rate (in percent) | 0.10% | |
Unemployment rate (in percent) | 4.80% | |
House price growth (in percent) | 5.30% | |
Commercial real estate price growth (in percent) | (11.00%) | |
Severe downside | 2021 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 6.80% | 0.30% |
UK Bank Rate (in percent) | 0.14% | 0.00% |
Unemployment rate (in percent) | 4.90% | 9.90% |
House price growth (in percent) | 9.10% | (11.10%) |
Commercial real estate price growth (in percent) | 5.80% | (21.40%) |
Severe downside | 2022 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 0.90% | 4.80% |
UK Bank Rate (in percent) | 0.04% | 0.00% |
Unemployment rate (in percent) | 7.70% | 10.70% |
House price growth (in percent) | (7.30%) | (12.50%) |
Commercial real estate price growth (in percent) | (19.60%) | (9.80%) |
Severe downside | 2023 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 0.40% | 1.30% |
UK Bank Rate (in percent) | 0.06% | 0.01% |
Unemployment rate (in percent) | 8.50% | 9.80% |
House price growth (in percent) | (13.90%) | (10.70%) |
Commercial real estate price growth (in percent) | (12.10%) | (3.90%) |
Severe downside | 2024 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 1.00% | 1.20% |
UK Bank Rate (in percent) | 0.08% | 0.01% |
Unemployment rate (in percent) | 8.10% | 8.70% |
House price growth (in percent) | (12.50%) | (7.60%) |
Commercial real estate price growth (in percent) | (5.30%) | (0.80%) |
Severe downside | 2025 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 1.40% | |
UK Bank Rate (in percent) | 0.09% | |
Unemployment rate (in percent) | 7.60% | |
House price growth (in percent) | (8.40%) | |
Commercial real estate price growth (in percent) | (0.50%) | |
Probability-weighted | 2020 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | (10.60%) | |
UK Bank Rate (in percent) | 0.10% | |
Unemployment rate (in percent) | 4.50% | |
House price growth (in percent) | 5.90% | |
Commercial real estate price growth (in percent) | (7.20%) | |
Probability-weighted | 2021 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 7.00% | 2.60% |
UK Bank Rate (in percent) | 0.14% | 0.39% |
Unemployment rate (in percent) | 4.60% | 7.00% |
House price growth (in percent) | 9.60% | (5.20%) |
Commercial real estate price growth (in percent) | 9.90% | (3.00%) |
Probability-weighted | 2022 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 3.40% | 5.50% |
UK Bank Rate (in percent) | 0.82% | 0.42% |
Unemployment rate (in percent) | 4.70% | 7.30% |
House price growth (in percent) | (1.40%) | (1.50%) |
Commercial real estate price growth (in percent) | (3.90%) | (0.30%) |
Probability-weighted | 2023 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 1.30% | 1.60% |
UK Bank Rate (in percent) | 0.99% | 0.43% |
Unemployment rate (in percent) | 5.00% | 6.70% |
House price growth (in percent) | (2.30%) | (0.20%) |
Commercial real estate price growth (in percent) | (3.70%) | 0.30% |
Probability-weighted | 2024 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 1.20% | 1.40% |
UK Bank Rate (in percent) | 1.04% | 0.45% |
Unemployment rate (in percent) | 5.00% | 6.00% |
House price growth (in percent) | (1.70%) | 0.30% |
Commercial real estate price growth (in percent) | (1.20%) | (0.10%) |
Probability-weighted | 2025 | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 1.30% | |
UK Bank Rate (in percent) | 1.20% | |
Unemployment rate (in percent) | 4.90% | |
House price growth (in percent) | (1.00%) | |
Commercial real estate price growth (in percent) | (0.10%) |
CRITICAL ACCOUNTING JUDGEMENT_7
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY - Disclosure of Generation of Economic Assumptions (Details) | Dec. 31, 2021 | Dec. 31, 2020 |
Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 3.00% | 0.30% |
UK Bank Rate (in percent) | 1.43% | 0.98% |
Unemployment rate (in percent) | 3.70% | 5.00% |
House price growth (in percent) | 5.10% | 4.20% |
Commercial real estate price growth (in percent) | 3.70% | 2.10% |
Upside | Start to peak | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 12.60% | 1.40% |
UK Bank Rate (in percent) | 2.04% | 1.44% |
Unemployment rate (in percent) | 4.90% | 6.50% |
House price growth (in percent) | 28.50% | 22.60% |
Commercial real estate price growth (in percent) | 20.90% | 11.00% |
Upside | Start to trough | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | (1.30%) | (21.20%) |
UK Bank Rate (in percent) | 0.10% | 0.10% |
Unemployment rate (in percent) | 3.20% | 4.00% |
House price growth (in percent) | 1.20% | (0.50%) |
Commercial real estate price growth (in percent) | 0.80% | (6.90%) |
Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 2.90% | 0.10% |
UK Bank Rate (in percent) | 0.85% | 0.15% |
Unemployment rate (in percent) | 4.40% | 5.90% |
House price growth (in percent) | 2.10% | 1.10% |
Commercial real estate price growth (in percent) | 1.20% | (1.10%) |
Base case | Start to peak | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 12.30% | 0.80% |
UK Bank Rate (in percent) | 1.25% | 0.25% |
Unemployment rate (in percent) | 4.90% | 8.00% |
House price growth (in percent) | 11.00% | 5.90% |
Commercial real estate price growth (in percent) | 10.20% | (2.70%) |
Base case | Start to trough | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | (1.30%) | (21.20%) |
UK Bank Rate (in percent) | 0.10% | 0.10% |
Unemployment rate (in percent) | 4.30% | 4.00% |
House price growth (in percent) | 1.20% | (0.50%) |
Commercial real estate price growth (in percent) | 0.80% | (9.00%) |
Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 2.80% | (0.40%) |
UK Bank Rate (in percent) | 0.47% | 0.05% |
Unemployment rate (in percent) | 5.60% | 7.10% |
House price growth (in percent) | (3.10%) | (3.50%) |
Commercial real estate price growth (in percent) | (2.60%) | (4.90%) |
Downside | Start to peak | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 11.40% | (1.70%) |
UK Bank Rate (in percent) | 0.71% | 0.10% |
Unemployment rate (in percent) | 6.00% | 9.30% |
House price growth (in percent) | 9.20% | 5.60% |
Commercial real estate price growth (in percent) | 8.60% | (2.70%) |
Downside | Start to trough | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | (1.30%) | (21.20%) |
UK Bank Rate (in percent) | 0.10% | 0.01% |
Unemployment rate (in percent) | 4.30% | 4.00% |
House price growth (in percent) | (14.80%) | (16.40%) |
Commercial real estate price growth (in percent) | (12.80%) | (22.20%) |
Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 2.10% | (0.80%) |
UK Bank Rate (in percent) | 0.08% | 0.02% |
Unemployment rate (in percent) | 7.30% | 8.80% |
House price growth (in percent) | (6.90%) | (7.50%) |
Commercial real estate price growth (in percent) | (6.80%) | (9.70%) |
Severe downside | Start to peak | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | 7.60% | (3.00%) |
UK Bank Rate (in percent) | 0.25% | 0.10% |
Unemployment rate (in percent) | 8.50% | 11.50% |
House price growth (in percent) | 9.10% | 5.30% |
Commercial real estate price growth (in percent) | 6.90% | (2.70%) |
Severe downside | Start to trough | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Multiple Economic Scenarios [Line Items] | ||
Gross domestic product (in percent) | (1.30%) | (21.20%) |
UK Bank Rate (in percent) | 0.02% | 0.00% |
Unemployment rate (in percent) | 4.30% | 4.00% |
House price growth (in percent) | (30.20%) | (32.40%) |
Commercial real estate price growth (in percent) | (30.00%) | (39.90%) |
CRITICAL ACCOUNTING JUDGEMENT_8
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY - Schedule of ECL Sensitivity to Economic Assumptions (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | £ 3,502 | £ 5,018 |
Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 4,324 | 6,829 |
Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 5,613 | 9,811 |
Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 3,772 | 5,596 |
UK mortgages | Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 636 | 602 |
UK mortgages | Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 973 | 1,269 |
UK mortgages | Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 1,448 | 2,578 |
UK mortgages | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 722 | 797 |
Retail excluding UK mortgages | Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 1,270 | 2,154 |
Retail excluding UK mortgages | Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 1,535 | 2,509 |
Retail excluding UK mortgages | Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 1,767 | 2,819 |
Retail excluding UK mortgages | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 1,388 | 2,299 |
Commercial Banking | Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 1,180 | 1,842 |
Commercial Banking | Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 1,397 | 2,629 |
Commercial Banking | Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 1,976 | 3,985 |
Commercial Banking | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 1,244 | 2,079 |
Other | Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 416 | 420 |
Other | Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 419 | 422 |
Other | Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 422 | 429 |
Other | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Expected credit loss | 418 | 421 |
Probability-weighted | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Increase in allowance account for credit losses of financial assets | 221 | 495 |
Impact of economic scenario | 4,000 | 6,132 |
Probability-weighted | UK mortgages | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 837 | 1,027 |
Probability-weighted | Retail excluding UK mortgages | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 1,429 | 2,368 |
Probability-weighted | Commercial Banking | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 1,316 | 2,315 |
Probability-weighted | Other | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 418 | 422 |
Probability-weighted and MES staging | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Increase in allowance account for credit losses of financial assets | 228 | 536 |
Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 3,521 | 5,068 |
Upside | UK mortgages | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 637 | 614 |
Upside | Retail excluding UK mortgages | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 1,286 | 2,181 |
Upside | Commercial Banking | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 1,182 | 1,853 |
Upside | Other | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 416 | 420 |
Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 3,779 | 5,637 |
Base case | UK mortgages | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 723 | 803 |
Base case | Retail excluding UK mortgages | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 1,392 | 2,310 |
Base case | Commercial Banking | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 1,246 | 2,102 |
Base case | Other | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 418 | 422 |
Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 4,286 | 6,721 |
Downside | UK mortgages | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 967 | 1,237 |
Downside | Retail excluding UK mortgages | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 1,516 | 2,487 |
Downside | Commercial Banking | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 1,384 | 2,575 |
Downside | Other | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 419 | 422 |
Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 5,241 | 9,033 |
Severe downside | UK mortgages | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 1,386 | 2,306 |
Severe downside | Retail excluding UK mortgages | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 1,706 | 2,745 |
Severe downside | Commercial Banking | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | 1,728 | 3,554 |
Severe downside | Other | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Key Economic Assumptions [Line Items] | ||
Impact of economic scenario | £ 421 | £ 428 |
CRITICAL ACCOUNTING JUDGEMENT_9
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY - Disclosure of Expected Credit Loss (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Increase (decrease) in UK unemployment rate (in percent) | 1.00% | |
Allowance account for credit losses of financial assets | £ 4,000 | £ 6,132 |
10pp increase in HPI | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | (112) | (206) |
10pp decrease in HPI | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 162 | 284 |
1pp increase in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 107 | 203 |
1pp decrease in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | (95) | (188) |
Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 3,502 | 5,018 |
Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 3,772 | 5,596 |
Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 4,324 | 6,829 |
Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 5,613 | 9,811 |
Individually assessed | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Allowance account for credit losses of financial assets | 905 | 1,215 |
UK mortgages | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Allowance account for credit losses of financial assets | 837 | 1,027 |
UK mortgages | 1pp increase in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 23 | 25 |
UK mortgages | 1pp decrease in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | (18) | (23) |
UK mortgages | Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 636 | 602 |
UK mortgages | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 722 | 797 |
UK mortgages | Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 973 | 1,269 |
UK mortgages | Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 1,448 | 2,578 |
UK mortgages | Individually assessed | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Retail excluding UK mortgages | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Allowance account for credit losses of financial assets | 908 | 1,445 |
Retail excluding UK mortgages | 1pp increase in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 34 | 54 |
Retail excluding UK mortgages | 1pp decrease in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | (34) | (54) |
Retail excluding UK mortgages | Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 1,270 | 2,154 |
Retail excluding UK mortgages | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 1,388 | 2,299 |
Retail excluding UK mortgages | Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 1,535 | 2,509 |
Retail excluding UK mortgages | Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 1,767 | 2,819 |
Retail excluding UK mortgages | Individually assessed | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Commercial Banking | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Allowance account for credit losses of financial assets | 1,316 | 2,315 |
Commercial Banking | 1pp increase in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 49 | 123 |
Commercial Banking | 1pp decrease in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | (42) | (110) |
Commercial Banking | Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 1,180 | 1,842 |
Commercial Banking | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 1,244 | 2,079 |
Commercial Banking | Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 1,397 | 2,629 |
Commercial Banking | Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 1,976 | 3,985 |
Commercial Banking | Individually assessed | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Allowance account for credit losses of financial assets | 905 | 1,215 |
Commercial Banking | Best case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 741 | 977 |
Commercial Banking | Worst case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 1,023 | 1,536 |
Other | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Allowance account for credit losses of financial assets | 418 | 422 |
Other | 1pp increase in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 1 | 1 |
Other | 1pp decrease in unemployment | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | (1) | (1) |
Other | Upside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 416 | 420 |
Other | Base case | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 418 | 421 |
Other | Downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 419 | 422 |
Other | Severe downside | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Expected credit loss | 422 | 429 |
Other | Individually assessed | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Schedule of Expected Credit Loss [Line Items] | ||
Allowance account for credit losses of financial assets | £ 0 | £ 0 |
CRITICAL ACCOUNTING JUDGEMEN_10
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY - Disclosure of Application of Judgement in Adjustments to Modelled ECL (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | £ 4,000 | £ 6,132 | |
Forecast | Severe downside | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Interest rate percentage (in percent) | 4.00% | ||
UK mortgages | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | £ 837 | 1,027 | |
UK mortgages | Other judgements | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Probability of possession (in percent) | 95.00% | ||
UK mortgages | Other judgements | Stage 2 | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Loans to customers probability of default (in percent) | 70.00% | ||
UK mortgages | Other judgements | Stage 3 | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Loans to customers probability of default (in percent) | 100.00% | ||
Credit cards | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | £ 521 | 923 | |
Retail excluding UK mortgages | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 908 | 1,445 | |
Commercial Banking | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 1,316 | 2,315 | |
Other | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 418 | 422 | |
Modelled ECL | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 1,817 | 3,584 | |
Modelled ECL | UK mortgages | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 292 | 481 | |
Modelled ECL | Credit cards | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 436 | 851 | |
Modelled ECL | Retail excluding UK mortgages | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 801 | 1,209 | |
Modelled ECL | Commercial Banking | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 270 | 1,021 | |
Modelled ECL | Other | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 18 | 22 | |
Individually assessed | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 905 | 1,215 | |
Individually assessed | UK mortgages | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 0 | 0 | |
Individually assessed | Credit cards | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 0 | 0 | |
Individually assessed | Retail excluding UK mortgages | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 0 | 0 | |
Individually assessed | Commercial Banking | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 905 | 1,215 | |
Individually assessed | Other | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 0 | 0 | |
Judgements due to COVID-19 | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 773 | 838 | |
Judgements due to COVID-19 | UK mortgages | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 67 | 36 | |
Judgements due to COVID-19 | Credit cards | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 94 | 128 | |
Judgements due to COVID-19 | Retail excluding UK mortgages | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 57 | 193 | |
Judgements due to COVID-19 | Commercial Banking | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 155 | 81 | |
Judgements due to COVID-19 | Other | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 400 | 400 | |
Other judgements | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 505 | 495 | |
Other judgements | UK mortgages | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 478 | 510 | |
Other judgements | Credit cards | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | (9) | (56) | |
Other judgements | Retail excluding UK mortgages | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 50 | 43 | |
Other judgements | Commercial Banking | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | (14) | (2) | |
Other judgements | Other | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 0 | 0 | |
Increase in time to repossession | UK mortgages | Judgements due to COVID-19 | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Increase in allowance account for credit losses of financial assets | 52 | 36 | |
Support measures | Credit cards | Judgements due to COVID-19 | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Increase in allowance account for credit losses of financial assets | 94 | 100 | |
Support measures | Retail excluding UK mortgages | Judgements due to COVID-19 | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Increase in allowance account for credit losses of financial assets | 40 | 118 | |
Other economic impacts | Commercial Banking | Judgements due to COVID-19 | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Increase in allowance account for credit losses of financial assets | 88 | 91 | |
Specific sector risks | Commercial Banking | Judgements due to COVID-19 | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Increase in allowance account for credit losses of financial assets | 80 | 0 | |
Covid risk to base case conditioning assumptions | UK mortgages | Judgements due to COVID-19 | Maximum | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 200 | ||
Covid risk to base case conditioning assumptions | Retail excluding UK mortgages | Judgements due to COVID-19 | Maximum | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 100 | ||
Covid risk to base case conditioning assumptions | Commercial Banking | Judgements due to COVID-19 | Maximum | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | 100 | ||
Covid risk to base case conditioning assumptions | Other | Judgements due to COVID-19 | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Increase in allowance account for credit losses of financial assets | £ 400 | 400 | |
Re-weighting from upside to severe downside scenario (in percent) | 15.00% | ||
Increase in unemployment rate (in percent) | 1.00% | ||
Decrease in House Price Index (in percent) | 10.00% | ||
Modelled forecast parameters | UK mortgages | Other judgements | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Increase in allowance account for credit losses of financial assets | £ 65 | 193 | |
End of term risk on interest only mortgages | UK mortgages | Other judgements | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Increase in allowance account for credit losses of financial assets | 174 | 179 | |
Mortgage accounts in long term default | UK mortgages | Other judgements | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Increase in allowance account for credit losses of financial assets | 87 | 87 | |
Adjustments for specific segments | UK mortgages | Other judgements | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Increase in allowance account for credit losses of financial assets | 54 | 20 | |
Adjustment for specific sector, probability of default on forborne accounts | UK mortgages | Other judgements | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Increase in allowance account for credit losses of financial assets | 18 | 20 | |
Adjustment for specific sector, safety and cladding uncertainty | UK mortgages | Other judgements | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Increase in allowance account for credit losses of financial assets | 36 | ||
Inflation and interest rate risk | UK mortgages | Other judgements | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Increase in allowance account for credit losses of financial assets | 52 | 0 | |
Extension of modelled lifetime on retail revolving products | Credit cards | Other judgements | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Increase in allowance account for credit losses of financial assets | 41 | 71 | |
Extension of modelled lifetime on retail revolving products | Retail excluding UK mortgages | Other judgements | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Increase in allowance account for credit losses of financial assets | 5 | 10 | |
Credit card loss given default alignment (LGD) | Retail excluding UK mortgages | Other judgements | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Increase in allowance account for credit losses of financial assets | (37) | (55) | |
Management adjustments | |||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | |||
Increase in allowance account for credit losses of financial assets | £ 1,278 | £ 1,333 |
CRITICAL ACCOUNTING JUDGEMEN_11
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Capitalised software enhancements | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Remaining amortisation period of intangible assets material to entity | 4 years 8 months 12 days | 4 years 10 months 24 days | ||
1 Year decrease in estimated useful life | Capitalised software enhancements | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Charge for the year | £ 200 | |||
The Group | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Retirement benefit assets | £ 4,531 | £ 1,714 | ||
Net defined benefit liability | £ 230 | £ 245 | ||
Weighted average duration of defined benefit obligation | 17 years | 19 years | ||
Decrease in deferred tax asset | £ (942) | |||
Other provisions | 1,933 | £ 1,722 | ||
Financial assets, at fair value | 35,095 | 37,275 | ||
Financial liabilities, at fair value | 11,180 | 15,059 | ||
Intangible assets other than goodwill | 4,144 | 4,112 | ||
The Group | Legal proceedings contingent liability | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Increase in current tax liability | 730 | |||
Decrease in deferred tax asset | 330 | |||
The Group | Accumulated amortisation | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Intangible assets other than goodwill | 6,643 | 6,149 | £ 5,551 | |
Charge for the year | 954 | 653 | ||
The Group | Capitalised software enhancements | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Intangible assets other than goodwill | 3,383 | 3,281 | ||
The Group | Capitalised software enhancements | Accumulated amortisation | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Intangible assets other than goodwill | 2,998 | 2,574 | 2,046 | |
Charge for the year | 884 | 583 | ||
The Group | Regulatory and legal provisions | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Other provisions | 1,054 | 520 | ||
The Group | Actuarial assumption of discount rates | Decrease of 0.1 per cent | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Decrease in defined benefit obligation due to reasonably possible increase in actuarial assumption | (795) | (890) | ||
The Group | Actuarial assumption of expected life expectancy of members | Increase of one year | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Decrease in defined benefit obligation due to reasonably possible increase in actuarial assumption | (1,934) | (2,146) | ||
The Group | Defined benefit pension schemes | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Net defined benefit liability (asset) | 4,404 | 1,578 | ||
Retirement benefit assets | 4,531 | 1,714 | ||
Net defined benefit liability | 127 | 136 | ||
The Bank | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Retirement benefit assets | 2,420 | 765 | ||
Net defined benefit liability | £ 101 | £ 106 | ||
Weighted average duration of defined benefit obligation | 16 years | 17 years | ||
Other provisions | £ 771 | £ 968 | ||
Financial assets, at fair value | 36,956 | 38,966 | ||
Financial liabilities, at fair value | 15,923 | 18,979 | ||
The Bank | Capitalised software enhancements | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Intangible assets other than goodwill | 3,096 | 2,960 | ||
The Bank | Capitalised software enhancements | Accumulated amortisation | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Intangible assets other than goodwill | 2,600 | 2,171 | £ 1,662 | |
Charge for the year | 750 | 515 | ||
The Bank | Regulatory and legal provisions | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Other provisions | 146 | 140 | ||
The Bank | Actuarial assumption of discount rates | Decrease of 0.1 per cent | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Decrease in defined benefit obligation due to reasonably possible increase in actuarial assumption | (492) | (548) | ||
The Bank | Actuarial assumption of expected life expectancy of members | Increase of one year | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Decrease in defined benefit obligation due to reasonably possible increase in actuarial assumption | (1,253) | (1,370) | ||
The Bank | Defined benefit pension schemes | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Net defined benefit liability (asset) | 2,384 | 727 | ||
Retirement benefit assets | 2,420 | 765 | ||
Net defined benefit liability | £ 36 | £ 38 |
SEGMENTAL ANALYSIS - Schedule o
SEGMENTAL ANALYSIS - Schedule of Operating Segments (Details) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021GBP (£)Segment | Dec. 31, 2020GBP (£) | Dec. 31, 2019GBP (£) | |
SEGMENTAL ANALYSIS (Details) - Schedule of Operating Segments [Line Items] | |||
Number of reporting segments | Segment | 2 | ||
The Group | |||
SEGMENTAL ANALYSIS (Details) - Schedule of Operating Segments [Line Items] | |||
Net interest income | £ 11,036 | £ 10,770 | £ 12,220 |
Other income | 3,637 | 3,815 | 4,388 |
Total income | 14,673 | 14,585 | 16,608 |
Operating expenses | (10,206) | (9,196) | (11,123) |
Profit before tax | 5,785 | 1,329 | 4,123 |
Segment external assets | 602,849 | 599,939 | |
Segment external liabilities | 562,077 | 558,821 | |
Analysis of segment other income: | |||
Segment other income | 2,195 | 1,924 | 2,363 |
Fee and commission expense | (942) | (909) | (1,027) |
Net fee and commission income | 1,253 | 1,015 | 1,336 |
Other income | 3,637 | 3,815 | 4,388 |
Other segment items reflected in income statement above: | |||
Depreciation and amortisation | 2,777 | 2,670 | 2,602 |
Defined benefit scheme charges | 234 | 244 | |
Underlying basis | The Group | |||
SEGMENTAL ANALYSIS (Details) - Schedule of Operating Segments [Line Items] | |||
Net interest income | 11,036 | 10,770 | 12,220 |
Other income | 3,637 | 3,815 | 4,388 |
Total income | 14,673 | 14,585 | 16,608 |
Operating expenses | (10,206) | (9,196) | (11,123) |
Impairment credit | 1,318 | (4,060) | (1,362) |
Profit before tax | 5,785 | 1,329 | 4,123 |
External income | 14,673 | 14,585 | 16,608 |
Inter-segment (expense) income | 0 | 0 | 0 |
Segment income | 14,673 | 14,585 | 16,608 |
Segment external assets | 602,849 | 599,939 | 581,368 |
Segment external liabilities | 562,077 | 558,821 | 542,469 |
Analysis of segment other income: | |||
Segment other income | 2,195 | 1,924 | 2,363 |
Fee and commission expense | (942) | (909) | (1,027) |
Net fee and commission income | 1,253 | 1,015 | 1,336 |
Operating lease rental income | 1,059 | 1,120 | 1,247 |
Gains less losses on disposal of financial assets at fair value through other comprehensive income | (116) | 145 | 196 |
Other income | 1,441 | 1,535 | 1,609 |
Other income | 3,637 | 3,815 | 4,388 |
Other segment items reflected in income statement above: | |||
Depreciation and amortisation | 2,777 | 2,670 | 2,602 |
Defined benefit scheme charges | 236 | 247 | 245 |
Other segment items: | |||
Additions to fixed assets | 3,102 | 2,815 | 3,552 |
Underlying basis | The Group | Current accounts | |||
Analysis of segment other income: | |||
Segment other income | 634 | 610 | 656 |
Underlying basis | The Group | Credit and debit card fees | |||
Analysis of segment other income: | |||
Segment other income | 878 | 748 | 961 |
Underlying basis | The Group | Commercial banking fees | |||
Analysis of segment other income: | |||
Segment other income | 284 | 169 | 166 |
Underlying basis | The Group | Private banking and asset management | |||
Analysis of segment other income: | |||
Segment other income | 1 | 38 | |
Underlying basis | The Group | Factoring | |||
Analysis of segment other income: | |||
Segment other income | 76 | 76 | 103 |
Underlying basis | The Group | Other fees and commissions | |||
Analysis of segment other income: | |||
Segment other income | 323 | 320 | 439 |
Retail | Underlying basis | |||
SEGMENTAL ANALYSIS (Details) - Schedule of Operating Segments [Line Items] | |||
Net interest income | 8,581 | 8,321 | 9,129 |
Other income | 1,754 | 1,735 | 2,025 |
Total income | 10,335 | 10,056 | 11,154 |
Operating expenses | (5,766) | (5,816) | (7,912) |
Impairment credit | 455 | (2,384) | (1,038) |
Profit before tax | 5,024 | 1,856 | 2,204 |
External income | 11,706 | 11,859 | 13,111 |
Inter-segment (expense) income | (1,371) | (1,803) | (1,957) |
Segment income | 10,335 | 10,056 | 11,154 |
Segment external assets | 371,746 | 359,171 | 351,301 |
Segment external liabilities | 322,146 | 295,216 | 261,019 |
Analysis of segment other income: | |||
Segment other income | 1,175 | 1,077 | 1,220 |
Fee and commission expense | (577) | (571) | (571) |
Net fee and commission income | 598 | 506 | 649 |
Operating lease rental income | 1,046 | 1,104 | 1,225 |
Gains less losses on disposal of financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Other income | 110 | 125 | 151 |
Other income | 1,754 | 1,735 | 2,025 |
Other segment items reflected in income statement above: | |||
Depreciation and amortisation | 1,525 | 1,760 | 1,712 |
Defined benefit scheme charges | 89 | 97 | 108 |
Other segment items: | |||
Additions to fixed assets | 1,922 | 1,684 | 2,208 |
Retail | Underlying basis | Current accounts | |||
Analysis of segment other income: | |||
Segment other income | 504 | 497 | 518 |
Retail | Underlying basis | Credit and debit card fees | |||
Analysis of segment other income: | |||
Segment other income | 614 | 517 | 634 |
Retail | Underlying basis | Commercial banking fees | |||
Analysis of segment other income: | |||
Segment other income | 0 | 0 | 0 |
Retail | Underlying basis | Private banking and asset management | |||
Analysis of segment other income: | |||
Segment other income | 0 | 0 | |
Retail | Underlying basis | Factoring | |||
Analysis of segment other income: | |||
Segment other income | 0 | 0 | 0 |
Retail | Underlying basis | Other fees and commissions | |||
Analysis of segment other income: | |||
Segment other income | 57 | 63 | 68 |
Commercial Banking | Underlying basis | |||
SEGMENTAL ANALYSIS (Details) - Schedule of Operating Segments [Line Items] | |||
Net interest income | 2,240 | 2,300 | 2,691 |
Other income | 753 | 673 | 870 |
Total income | 2,993 | 2,973 | 3,561 |
Operating expenses | (2,314) | (1,673) | (1,818) |
Impairment credit | 857 | (1,280) | (313) |
Profit before tax | 1,536 | 20 | 1,430 |
External income | 2,643 | 2,496 | 2,773 |
Inter-segment (expense) income | 350 | 477 | 788 |
Segment income | 2,993 | 2,973 | 3,561 |
Segment external assets | 77,451 | 83,155 | 89,630 |
Segment external liabilities | 120,049 | 126,008 | 125,240 |
Analysis of segment other income: | |||
Segment other income | 880 | 742 | 948 |
Fee and commission expense | (230) | (195) | (299) |
Net fee and commission income | 650 | 547 | 649 |
Operating lease rental income | 13 | 16 | 22 |
Gains less losses on disposal of financial assets at fair value through other comprehensive income | 0 | 0 | (5) |
Other income | 90 | 110 | 204 |
Other income | 753 | 673 | 870 |
Other segment items reflected in income statement above: | |||
Depreciation and amortisation | 273 | 242 | 315 |
Defined benefit scheme charges | 29 | 28 | 43 |
Other segment items: | |||
Additions to fixed assets | 168 | 89 | 247 |
Commercial Banking | Underlying basis | Current accounts | |||
Analysis of segment other income: | |||
Segment other income | 126 | 109 | 133 |
Commercial Banking | Underlying basis | Credit and debit card fees | |||
Analysis of segment other income: | |||
Segment other income | 264 | 231 | 327 |
Commercial Banking | Underlying basis | Commercial banking fees | |||
Analysis of segment other income: | |||
Segment other income | 247 | 169 | 166 |
Commercial Banking | Underlying basis | Private banking and asset management | |||
Analysis of segment other income: | |||
Segment other income | 0 | 0 | |
Commercial Banking | Underlying basis | Factoring | |||
Analysis of segment other income: | |||
Segment other income | 76 | 76 | 103 |
Commercial Banking | Underlying basis | Other fees and commissions | |||
Analysis of segment other income: | |||
Segment other income | 167 | 157 | 219 |
Other | Underlying basis | |||
SEGMENTAL ANALYSIS (Details) - Schedule of Operating Segments [Line Items] | |||
Net interest income | 215 | 149 | 400 |
Other income | 1,130 | 1,407 | 1,493 |
Total income | 1,345 | 1,556 | 1,893 |
Operating expenses | (2,126) | (1,707) | (1,393) |
Impairment credit | 6 | (396) | (11) |
Profit before tax | (775) | (547) | 489 |
External income | 324 | 230 | 724 |
Inter-segment (expense) income | 1,021 | 1,326 | 1,169 |
Segment income | 1,345 | 1,556 | 1,893 |
Segment external assets | 153,652 | 157,613 | 140,437 |
Segment external liabilities | 119,882 | 137,597 | 156,210 |
Analysis of segment other income: | |||
Segment other income | 140 | 105 | 195 |
Fee and commission expense | (135) | (143) | (157) |
Net fee and commission income | 5 | (38) | 38 |
Operating lease rental income | 0 | 0 | 0 |
Gains less losses on disposal of financial assets at fair value through other comprehensive income | (116) | 145 | 201 |
Other income | 1,241 | 1,300 | 1,254 |
Other income | 1,130 | 1,407 | 1,493 |
Other segment items reflected in income statement above: | |||
Depreciation and amortisation | 979 | 668 | 575 |
Defined benefit scheme charges | 118 | 122 | 94 |
Other segment items: | |||
Additions to fixed assets | 1,012 | 1,042 | 1,097 |
Other | Underlying basis | Current accounts | |||
Analysis of segment other income: | |||
Segment other income | 4 | 4 | 5 |
Other | Underlying basis | Credit and debit card fees | |||
Analysis of segment other income: | |||
Segment other income | 0 | 0 | 0 |
Other | Underlying basis | Commercial banking fees | |||
Analysis of segment other income: | |||
Segment other income | 37 | 0 | 0 |
Other | Underlying basis | Private banking and asset management | |||
Analysis of segment other income: | |||
Segment other income | 1 | 38 | |
Other | Underlying basis | Factoring | |||
Analysis of segment other income: | |||
Segment other income | 0 | 0 | 0 |
Other | Underlying basis | Other fees and commissions | |||
Analysis of segment other income: | |||
Segment other income | £ 99 | £ 100 | £ 152 |
NET INTEREST INCOME - Schedule
NET INTEREST INCOME - Schedule of Net Interest Income (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Interest expense: | |||
Borrowings, interest rate (in percent) | 2.30% | 2.42% | 2.25% |
Negative interest rates | |||
Interest income: | |||
Total interest income | £ 10 | £ 10 | £ 26 |
Interest expense: | |||
Total interest expense | (2) | (23) | (119) |
Finance leases | |||
Interest income: | |||
Total interest income | 38 | 42 | 39 |
The Group | |||
Interest income: | |||
Total interest income | £ 12,920 | £ 13,866 | £ 16,098 |
Interest expense: | |||
Deposits from banks, excluding liabilities under sale and repurchase agreements (in percent) | 1.34% | 1.19% | 1.39% |
Deposits from banks | £ (66) | £ (82) | £ (87) |
Customer deposits, excluding liabilities under sale and repurchase agreements (in percent) | 0.12% | 0.40% | 0.65% |
Customer deposits | £ (386) | £ (1,270) | £ (2,054) |
Repurchase agreements (in percent) | 0.10% | 0.36% | 1.08% |
Repurchase agreements | £ (22) | £ (117) | £ (301) |
Debt securities in issue (in percent) | 1.37% | 1.13% | 0.71% |
Debt securities in issue | £ (746) | £ (761) | £ (476) |
Lease liabilities (in percent) | 2.01% | 2.36% | 2.41% |
Lease liabilities | £ (30) | £ (39) | £ (39) |
Subordinated liabilities (in percent) | 7.01% | 7.19% | 9.89% |
Subordinated liabilities | £ (634) | £ (827) | £ (921) |
Total interest expense (in percent) | 0.45% | 0.71% | 0.91% |
Total interest expense | £ (1,884) | £ (3,096) | £ (3,878) |
Net interest income | £ 11,036 | £ 10,770 | £ 12,220 |
Interest and similar income | The Group | |||
Interest income: | |||
Loans and advances to banks (in percent) | 0.11% | 0.20% | 0.57% |
Loans and advances to banks and reverse repurchase agreements | £ 70 | £ 114 | £ 269 |
Loans and advances to customers (in percent) | 2.55% | 2.76% | 3.21% |
Loans and advances to customers and reverse repurchase agreements | £ 12,334 | £ 13,358 | £ 15,281 |
Debt securities held at amortised cost (in percent) | 1.57% | 1.82% | 2.26% |
Debt securities | £ 74 | £ 92 | £ 118 |
Financial assets held at amortised cost (in percent) | 2.27% | 2.48% | 2.97% |
Financial assets held at amortised cost | £ 12,478 | £ 13,564 | £ 15,668 |
Financial assets at fair value through other comprehensive income (in percent) | 1.69% | 1.12% | 1.64% |
Financial assets at fair value through other comprehensive income | £ 442 | £ 302 | £ 430 |
Total interest income (in percent) | 2.24% | 2.42% | 2.90% |
Total interest income | £ 12,920 | £ 13,866 | £ 16,098 |
NET INTEREST INCOME - Narrative
NET INTEREST INCOME - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
NET INTEREST INCOME (Details) - Narrative [Line Items] | |||
Interest income on impaired financial assets accrued | £ 173 | £ 170 | £ 196 |
The Group | |||
NET INTEREST INCOME (Details) - Narrative [Line Items] | |||
Reclassification adjustments on cash flow hedges, before tax | £ 584 | £ 727 | £ 580 |
NET FEE AND COMMISSION INCOME -
NET FEE AND COMMISSION INCOME - Schedule of Fee and Commission Income (Details) - The Group - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
NET FEE AND COMMISSION INCOME (Details) - Schedule of Fee and Commission Income [Line Items] | |||
Fee and commission income | £ 2,195 | £ 1,924 | £ 2,363 |
Fee and commission expense | (942) | (909) | (1,027) |
Net fee and commission income | 1,253 | 1,015 | 1,336 |
Current accounts | |||
NET FEE AND COMMISSION INCOME (Details) - Schedule of Fee and Commission Income [Line Items] | |||
Fee and commission income | 634 | 610 | 656 |
Credit and debit card fees | |||
NET FEE AND COMMISSION INCOME (Details) - Schedule of Fee and Commission Income [Line Items] | |||
Fee and commission income | 878 | 748 | 961 |
Commercial banking fees | |||
NET FEE AND COMMISSION INCOME (Details) - Schedule of Fee and Commission Income [Line Items] | |||
Fee and commission income | 284 | 169 | 166 |
Private banking and asset management | |||
NET FEE AND COMMISSION INCOME (Details) - Schedule of Fee and Commission Income [Line Items] | |||
Fee and commission income | 0 | 1 | 38 |
Factoring | |||
NET FEE AND COMMISSION INCOME (Details) - Schedule of Fee and Commission Income [Line Items] | |||
Fee and commission income | 76 | 76 | 103 |
Other fees and commissions | |||
NET FEE AND COMMISSION INCOME (Details) - Schedule of Fee and Commission Income [Line Items] | |||
Fee and commission income | £ 323 | £ 320 | £ 439 |
NET FEE AND COMMISSION INCOME_2
NET FEE AND COMMISSION INCOME - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
NET FEE AND COMMISSION INCOME (Details) - Narrative [Line Items] | ||
Receivables from contracts with customers | £ 76 | £ 76 |
Transaction price allocated to remaining performance obligations | 143 | 172 |
Current contract liabilities | 13 | 18 |
Revenue from performance obligations satisfied or partially satisfied in previous periods | 0 | 0 |
Services provided after balance sheet date | ||
NET FEE AND COMMISSION INCOME (Details) - Narrative [Line Items] | ||
Receivables from contracts with customers | £ 70 | £ 83 |
NET TRADING INCOME - Schedule o
NET TRADING INCOME - Schedule of Net Trading Income (Details) - The Group - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
NET TRADING INCOME (Details) - Schedule of Net Trading Income [Line Items] | |||
Foreign exchange translation gains (losses) | £ 10 | £ 74 | £ (203) |
Gains on foreign exchange trading transactions | 329 | 326 | 336 |
Total foreign exchange | 339 | 400 | 133 |
Investment property losses | 0 | (20) | (8) |
Securities and other gains (see below) | 46 | 370 | 235 |
Net trading income | £ 385 | £ 750 | £ 360 |
NET TRADING INCOME - Schedule_2
NET TRADING INCOME - Schedule of Net Gains (Losses) Held For Trading (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Net income arising on assets and liabilities mandatorily held at fair value through profit or loss: | |||
Gains (losses) on financial assets at fair value through profit or loss, classified as held for trading | £ 94 | £ 440 | £ 427 |
Other financial instruments mandatorily held at fair value through profit or loss: | |||
Debt securities, loans and advances | 6 | 37 | 25 |
Equity shares | 11 | 9 | (3) |
Total net gains arising on assets designated at fair value through profit or loss | 111 | 486 | 449 |
Net expense arising on assets and liabilities designated at fair value through profit or loss | (65) | (116) | (214) |
Securities and other gains | 46 | 370 | 235 |
Fair value hedges | |||
Other financial instruments mandatorily held at fair value through profit or loss: | |||
Gain (loss) on hedge ineffectiveness recognised in profit or loss | 195 | 546 | 153 |
Cash flow hedges | |||
Other financial instruments mandatorily held at fair value through profit or loss: | |||
Gain (loss) on hedge ineffectiveness recognised in profit or loss | £ (58) | £ 259 | £ 131 |
OTHER OPERATING INCOME - Schedu
OTHER OPERATING INCOME - Schedule of Other Operating Income (Details) - Operating income (loss) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
OTHER OPERATING INCOME (Details) - Schedule of Other Operating Income [Line Items] | |||
Operating lease rental income | £ 1,059 | £ 1,120 | £ 1,247 |
Gains less losses on disposal of financial assets at fair value through other comprehensive income (note 33) | (116) | 145 | 196 |
Liability management | (39) | (216) | (101) |
Intercompany recharges and other | 1,095 | 1,001 | 1,350 |
Total other operating income | £ 1,999 | £ 2,050 | £ 2,692 |
OPERATING EXPENSES - Schedule o
OPERATING EXPENSES - Schedule of Operating Expenses (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Depreciation and amortisation: | |||
Goodwill impairment (note 18) | £ 4 | ||
Gain on disposal of leased assets | 249 | £ 127 | £ 41 |
The Group | |||
Depreciation and amortisation: | |||
Depreciation and amortisation expense | 2,777 | 2,670 | 2,602 |
Goodwill impairment (note 18) | 0 | 4 | |
Total operating expenses | 10,206 | 9,196 | 11,123 |
Accumulated depreciation and impairment | The Group | Premises | |||
Depreciation and amortisation: | |||
Depreciation of property, plant and equipment | 121 | 124 | 121 |
Accumulated depreciation and impairment | The Group | Equipment | |||
Depreciation and amortisation: | |||
Depreciation of property, plant and equipment | 777 | 676 | 710 |
Accumulated depreciation and impairment | The Group | Operating lease assets | |||
Depreciation and amortisation: | |||
Depreciation of property, plant and equipment | 709 | 1,002 | 1,006 |
Accumulated depreciation and impairment | The Group | Right-of-use assets | |||
Depreciation and amortisation: | |||
Depreciation of property, plant and equipment | 216 | 215 | 203 |
Operating expense | |||
Staff costs: | |||
Salaries | 2,260 | 2,382 | 2,370 |
Performance-based compensation | 282 | 106 | 340 |
Social security costs | 290 | 271 | 308 |
Pensions and other post-retirement benefit schemes (note 27) | 523 | 552 | 518 |
Restructuring costs | 88 | 161 | 89 |
Other staff costs | 249 | 143 | 360 |
Employee benefits expense | 3,692 | 3,615 | 3,985 |
Premises and equipment: | |||
Rent and rates | 116 | 115 | 114 |
Repairs and maintenance | 161 | 172 | 182 |
Other | (62) | 138 | 150 |
Premises and equipment cost | 215 | 425 | 446 |
Other expenses: | |||
Communications and data processing | 1,154 | 996 | 1,022 |
Advertising and promotion | 161 | 184 | 173 |
Professional fees | 150 | 128 | 144 |
Regulatory and legal provisions (note 29) | 1,177 | 414 | 2,190 |
Other | 880 | 760 | 561 |
Other expenses, by nature | 3,522 | 2,482 | 4,090 |
Depreciation and amortisation: | |||
Depreciation of property, plant and equipment | 1,823 | 2,017 | 2,040 |
Amortisation of other intangible assets (note 19) | 954 | 653 | 562 |
Depreciation and amortisation expense | 2,777 | 2,670 | 2,602 |
Goodwill impairment (note 18) | 0 | 4 | 0 |
Total operating expenses | £ 10,206 | £ 9,196 | £ 11,123 |
OPERATING EXPENSES - Schedule_2
OPERATING EXPENSES - Schedule of Average Number of Persons Employed by the Group (Details) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
OPERATING EXPENSES (Details) - Schedule of Average Number of Persons Employed by the Group [Line Items] | |||
Number of employees | 64,161 | 67,630 | 70,083 |
UK | |||
OPERATING EXPENSES (Details) - Schedule of Average Number of Persons Employed by the Group [Line Items] | |||
Number of employees | 63,649 | 67,115 | 69,321 |
Overseas | |||
OPERATING EXPENSES (Details) - Schedule of Average Number of Persons Employed by the Group [Line Items] | |||
Number of employees | 512 | 515 | 762 |
AUDITORS' REMUNERATION - Schedu
AUDITORS' REMUNERATION - Schedule of Fees Payable to Auditors by the Bank (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Bank [Line Items] | |||
All other fees | £ 0.9 | £ 1.2 | £ 0.5 |
Total fees payable to the Bank’s auditors by the Group | 15.8 | 16.2 | 14.6 |
Total audit fees | |||
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Bank [Line Items] | |||
Audit fees | 14.9 | 15 | 14.1 |
– total audit fees in respect of the statutory audit of Group entities | |||
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Bank [Line Items] | |||
Audit fees | 14.2 | 13.4 | 12.8 |
All other fees | 1.6 | 2.8 | 1.8 |
– audit of the Bank's current year Annual report | |||
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Bank [Line Items] | |||
Audit fees | 4.7 | 4.5 | 4.2 |
– audits of the Bank's subsidiaries | |||
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Bank [Line Items] | |||
Audit fees | 9.5 | 8.9 | 8.6 |
– services normally provided in connection with statutory and regulatory filings or engagements | |||
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Bank [Line Items] | |||
Audit fees | 0.7 | 1.6 | 1.3 |
Other audit-related fees | |||
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Bank [Line Items] | |||
Audit fees | 0.4 | 0.3 | 0.2 |
All other fees | |||
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Bank [Line Items] | |||
All other fees | £ 0.5 | £ 0.9 | £ 0.3 |
AUDITORS' REMUNERATION - Narrat
AUDITORS' REMUNERATION - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
AUDITORS' REMUNERATION (Details) - Narartive [Line Items] | |||
Total fees payable to the Bank’s auditors by the Group | £ 15.8 | £ 16.2 | £ 14.6 |
All other fees | 0.9 | 1.2 | 0.5 |
– total audit fees in respect of the statutory audit of Group entities | |||
AUDITORS' REMUNERATION (Details) - Narartive [Line Items] | |||
All other fees | £ 1.6 | £ 2.8 | £ 1.8 |
AUDITORS' REMUNERATION - Sche_2
AUDITORS' REMUNERATION - Schedule of Fees Payable to Auditors by Outside Entities (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by Outside Entities [Line Items] | |||
Auditors' remuneration | £ 15.8 | £ 16.2 | £ 14.6 |
Audits of Group pension schemes | |||
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by Outside Entities [Line Items] | |||
Auditors' remuneration | 0.3 | 0.1 | 0.1 |
Reviews of the financial position of corporate and other borrowers | |||
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by Outside Entities [Line Items] | |||
Auditors' remuneration | £ 0 | £ 1.3 | £ 0 |
IMPAIRMENT - Schedule of Impair
IMPAIRMENT - Schedule of Impairment (Details) - The Group - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | |||
Impact of transfers between stages | £ (61) | £ 1,456 | £ 604 |
Other changes in credit quality | (416) | 2,246 | 841 |
Additions and repayments | (794) | 168 | (95) |
Methodology and model changes | (42) | 165 | 14 |
Other items | (5) | 25 | (2) |
Other items impacting the impairment charge | (1,257) | 2,604 | 758 |
Impairment loss (reversal of impairment loss) recognised in profit or loss | (1,318) | 4,060 | 1,362 |
In respect of: | |||
Financial assets at amortised cost | (1,085) | 3,802 | 1,380 |
Impairment (credit) charge on drawn balances | (1,085) | 3,802 | 1,380 |
Loan commitments and financial guarantees | (231) | 253 | (17) |
Financial assets at fair value through other comprehensive income | (2) | (1) | |
Financial assets at fair value through other comprehensive income | 5 | ||
Residual value and voluntary impairment charges | (77) | 41 | 134 |
Loans and advances to banks and reverse repurchase agreements | |||
In respect of: | |||
Loans and advances | (4) | 4 | 0 |
Loans and advances to customers and reverse repurchase agreements | |||
In respect of: | |||
Loans and advances | (1,081) | 3,798 | 1,340 |
Due from fellow Lloyds Banking Group undertakings | |||
In respect of: | |||
Loans and advances | 40 | ||
Stage 1 | |||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | |||
Impact of transfers between stages | 74 | (168) | (17) |
Other changes in credit quality | (313) | 909 | 6 |
Additions and repayments | (231) | 77 | 93 |
Methodology and model changes | (63) | (31) | 33 |
Other items | 2 | 0 | (5) |
Other items impacting the impairment charge | (605) | 955 | 127 |
Impairment loss (reversal of impairment loss) recognised in profit or loss | (531) | 787 | 110 |
In respect of: | |||
Financial assets at amortised cost | (440) | 682 | 140 |
Impairment (credit) charge on drawn balances | (440) | 682 | 140 |
Loan commitments and financial guarantees | (89) | 100 | (29) |
Financial assets at fair value through other comprehensive income | (2) | (1) | |
Financial assets at fair value through other comprehensive income | 5 | ||
Stage 1 | Loans and advances to banks and reverse repurchase agreements | |||
In respect of: | |||
Loans and advances | (4) | 4 | 0 |
Stage 1 | Loans and advances to customers and reverse repurchase agreements | |||
In respect of: | |||
Loans and advances | (436) | 678 | 141 |
Stage 1 | Due from fellow Lloyds Banking Group undertakings | |||
In respect of: | |||
Loans and advances | (1) | ||
Stage 2 | |||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | |||
Impact of transfers between stages | (474) | 925 | 89 |
Other changes in credit quality | (307) | 6 | 2 |
Additions and repayments | (379) | 173 | (41) |
Methodology and model changes | 15 | 170 | (27) |
Other items | 4 | 0 | 0 |
Other items impacting the impairment charge | (667) | 349 | (66) |
Impairment loss (reversal of impairment loss) recognised in profit or loss | (1,141) | 1,274 | 23 |
In respect of: | |||
Financial assets at amortised cost | (1,008) | 1,130 | 10 |
Impairment (credit) charge on drawn balances | (1,008) | 1,130 | 10 |
Loan commitments and financial guarantees | (133) | 144 | 13 |
Financial assets at fair value through other comprehensive income | 0 | 0 | |
Financial assets at fair value through other comprehensive income | 0 | ||
Stage 2 | Loans and advances to banks and reverse repurchase agreements | |||
In respect of: | |||
Loans and advances | 0 | 0 | 0 |
Stage 2 | Loans and advances to customers and reverse repurchase agreements | |||
In respect of: | |||
Loans and advances | (1,008) | 1,130 | 10 |
Stage 2 | Due from fellow Lloyds Banking Group undertakings | |||
In respect of: | |||
Loans and advances | 0 | ||
Stage 3 | |||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | |||
Impact of transfers between stages | 339 | 699 | 532 |
Other changes in credit quality | 252 | 1,164 | 939 |
Additions and repayments | (97) | (52) | (60) |
Methodology and model changes | 6 | 26 | 8 |
Other items | (11) | 25 | 3 |
Other items impacting the impairment charge | 150 | 1,163 | 890 |
Impairment loss (reversal of impairment loss) recognised in profit or loss | 489 | 1,862 | 1,422 |
In respect of: | |||
Financial assets at amortised cost | 498 | 1,853 | 1,423 |
Impairment (credit) charge on drawn balances | 498 | 1,853 | 1,423 |
Loan commitments and financial guarantees | (9) | 9 | (1) |
Financial assets at fair value through other comprehensive income | 0 | 0 | |
Financial assets at fair value through other comprehensive income | 0 | ||
Stage 3 | Loans and advances to banks and reverse repurchase agreements | |||
In respect of: | |||
Loans and advances | 0 | 0 | 0 |
Stage 3 | Loans and advances to customers and reverse repurchase agreements | |||
In respect of: | |||
Loans and advances | 498 | 1,853 | 1,382 |
Stage 3 | Due from fellow Lloyds Banking Group undertakings | |||
In respect of: | |||
Loans and advances | 41 | ||
POCI | |||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | |||
Impact of transfers between stages | 0 | 0 | 0 |
Other changes in credit quality | (48) | 167 | (106) |
Additions and repayments | (87) | (30) | (87) |
Methodology and model changes | 0 | 0 | 0 |
Other items | 0 | 0 | 0 |
Other items impacting the impairment charge | (135) | 137 | (193) |
Impairment loss (reversal of impairment loss) recognised in profit or loss | (135) | 137 | (193) |
In respect of: | |||
Financial assets at amortised cost | (135) | 137 | (193) |
Impairment (credit) charge on drawn balances | (135) | 137 | (193) |
Loan commitments and financial guarantees | 0 | 0 | 0 |
Financial assets at fair value through other comprehensive income | 0 | 0 | |
Financial assets at fair value through other comprehensive income | 0 | ||
POCI | Loans and advances to banks and reverse repurchase agreements | |||
In respect of: | |||
Loans and advances | 0 | 0 | 0 |
POCI | Loans and advances to customers and reverse repurchase agreements | |||
In respect of: | |||
Loans and advances | £ (135) | £ 137 | (193) |
POCI | Due from fellow Lloyds Banking Group undertakings | |||
In respect of: | |||
Loans and advances | £ 0 |
TAX EXPENSE - Schedule of Tax C
TAX EXPENSE - Schedule of Tax Charges (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
TAX EXPENSE (Details) - Schedule of Tax Charges [Line Items] | |||
Current tax expense | £ (1,265) | £ (81) | £ (1,235) |
Deferred tax (expense) credit | 682 | 218 | (52) |
Tax (expense) credit | (583) | 137 | (1,287) |
UK corporation tax | |||
TAX EXPENSE (Details) - Schedule of Tax Charges [Line Items] | |||
Current tax on profit for the year | (1,349) | (423) | (1,279) |
Adjustments in respect of prior years | 83 | 336 | 98 |
Current tax expense | (1,266) | (87) | (1,181) |
Foreign tax: | |||
TAX EXPENSE (Details) - Schedule of Tax Charges [Line Items] | |||
Current tax on profit for the year | (21) | (18) | (58) |
Adjustments in respect of prior years | 22 | 24 | 4 |
Current tax expense | 1 | 6 | (54) |
Deferred tax: | |||
TAX EXPENSE (Details) - Schedule of Tax Charges [Line Items] | |||
Adjustments in respect of prior years | (169) | (290) | 58 |
Current year | £ 851 | £ 508 | £ (110) |
TAX EXPENSE - Narrative (Detail
TAX EXPENSE - Narrative (Details) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
UK corporation tax | |||
TAX EXPENSE (Details) - Narrative [Line Items] | |||
Applicable tax rate (in percent) | 19.00% | 19.00% | 19.00% |
TAX EXPENSE - Schedule of Recon
TAX EXPENSE - Schedule of Reconciliation of the Charge Resulting from Applying the Standard UK Corporation Tax Rate (Details) - The Group - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
TAX EXPENSE (Details) - Schedule of Reconciliation of the Charge Resulting from Applying the Standard UK Corporation Tax Rate [Line Items] | |||
Profit before tax | £ 5,785 | £ 1,329 | £ 4,123 |
UK corporation tax thereon | (1,099) | (253) | (783) |
Impact of surcharge on banking profits | (415) | (122) | (377) |
Non-deductible costs: conduct charges | (167) | (24) | (283) |
Non-deductible costs: bank levy | (19) | (30) | 0 |
Other non-deductible costs | (59) | (62) | (77) |
Non-taxable income | 22 | 37 | 36 |
Tax relief on coupons on other equity instruments | 65 | 79 | 53 |
Tax-exempt gains on disposals | 2 | 0 | 25 |
Tax losses where no deferred tax recognised | 0 | (3) | (7) |
Remeasurement of deferred tax due to rate changes | 1,168 | 435 | (25) |
Differences in overseas tax rates | (17) | 10 | (9) |
Adjustments in respect of prior years | (64) | 70 | 160 |
Tax (expense) credit | £ (583) | £ 137 | £ (1,287) |
FINANCIAL ASSETS AT FAIR VALU_5
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - Schedule of Trading and Other Financial Assets at Fair Value Through Profit or Loss (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | |||
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - Schedule of Trading and Other Financial Assets at Fair Value Through Profit or Loss [Line Items] | |||
Loans and advances to customers | [1] | £ 430,829 | £ 425,694 |
The Bank | |||
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - Schedule of Trading and Other Financial Assets at Fair Value Through Profit or Loss [Line Items] | |||
Loans and advances to customers | [1] | 116,716 | 123,822 |
Other financial assets mandatory at fair value through profit or loss | The Group | Financial assets at fair value through profit or loss | |||
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - Schedule of Trading and Other Financial Assets at Fair Value Through Profit or Loss [Line Items] | |||
Loans and advances to customers | 1,559 | 1,511 | |
Corporate and other debt securities | 0 | 0 | |
Equity shares | 239 | 163 | |
Total | 1,798 | 1,674 | |
Other financial assets mandatory at fair value through profit or loss | The Bank | Financial assets at fair value through profit or loss | |||
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - Schedule of Trading and Other Financial Assets at Fair Value Through Profit or Loss [Line Items] | |||
Loans and advances to customers | 1,121 | 517 | |
Corporate and other debt securities | 3,404 | 1,203 | |
Equity shares | 4 | 4 | |
Total | £ 4,529 | £ 1,724 | |
[1] | ee note 1 regarding change to presentation. |
FINANCIAL ASSETS AT FAIR VALU_6
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - Narrative (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) -Narrative [Line Items] | ||
Financial assets at fair value through profit or loss | £ 1,798 | £ 1,674 |
The Group | 1 year or over original maturity | ||
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) -Narrative [Line Items] | ||
Financial assets at fair value through profit or loss | 1,500 | 1,099 |
The Bank | ||
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) -Narrative [Line Items] | ||
Financial assets at fair value through profit or loss | 4,529 | 1,724 |
The Bank | 1 year or over original maturity | ||
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) -Narrative [Line Items] | ||
Financial assets at fair value through profit or loss | £ 3,116 | £ 1,600 |
DERIVATIVE FINANCIAL INSTRUME_3
DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Derivative Instruments (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | £ 1,353,360 | £ 2,075,682 |
Fair value assets | 5,511 | 8,341 |
Fair value liabilities | 4,643 | 8,228 |
The Group | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 1,107,089 | 1,568,882 |
Fair value assets | 5,456 | 7,667 |
Fair value liabilities | 4,328 | 7,638 |
The Group | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 246,271 | 506,800 |
Fair value assets | 55 | 674 |
Fair value liabilities | 315 | 590 |
The Bank | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 1,423,316 | 2,194,203 |
Fair value assets | 6,898 | 12,595 |
Fair value liabilities | 6,102 | 11,072 |
The Bank | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 1,339,293 | 2,042,168 |
Fair value assets | 6,861 | 12,353 |
Fair value liabilities | 5,792 | 10,783 |
The Bank | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 84,023 | 152,035 |
Fair value assets | 37 | 242 |
Fair value liabilities | 310 | 289 |
Exchange rate contracts: | The Group | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 167,443 | 162,382 |
Fair value assets | 837 | 1,674 |
Fair value liabilities | 751 | 1,774 |
Exchange rate contracts: | The Bank | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 170,693 | 182,745 |
Fair value assets | 1,108 | 1,951 |
Fair value liabilities | 783 | 2,043 |
Interest rate contracts: | The Group | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 935,212 | 1,401,088 |
Fair value assets | 4,544 | 5,927 |
Fair value liabilities | 3,310 | 5,486 |
Interest rate contracts: | The Bank | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 1,164,161 | 1,854,013 |
Fair value assets | 5,730 | 10,343 |
Fair value liabilities | 4,907 | 8,641 |
Credit derivatives | The Group | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 4,390 | 5,362 |
Fair value assets | 64 | 65 |
Fair value liabilities | 101 | 120 |
Equity and other contracts | The Group | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 44 | 50 |
Fair value assets | 11 | 1 |
Fair value liabilities | 166 | 258 |
Fair value hedges | The Group | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 147,758 | 185,994 |
Fair value assets | 48 | 347 |
Fair value liabilities | 307 | 255 |
Fair value hedges | The Bank | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 56,732 | 58,066 |
Fair value assets | 29 | 228 |
Fair value liabilities | 307 | 221 |
Cash flow hedges | The Group | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 98,513 | 320,806 |
Fair value assets | 7 | 327 |
Fair value liabilities | 8 | 335 |
Cash flow hedges | The Bank | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 27,291 | 93,969 |
Fair value assets | 8 | 14 |
Fair value liabilities | 3 | 68 |
Spot, forwards and futures | Exchange rate contracts: | The Group | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 12,243 | 15,055 |
Fair value assets | 144 | 360 |
Fair value liabilities | 156 | 124 |
Spot, forwards and futures | Exchange rate contracts: | The Bank | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 12,235 | 14,117 |
Fair value assets | 143 | 268 |
Fair value liabilities | 158 | 83 |
Currency swaps | Exchange rate contracts: | The Group | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 155,190 | 147,303 |
Fair value assets | 693 | 1,314 |
Fair value liabilities | 595 | 1,650 |
Currency swaps | Exchange rate contracts: | The Bank | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 158,448 | 168,605 |
Fair value assets | 965 | 1,683 |
Fair value liabilities | 625 | 1,960 |
Currency swaps | Fair value hedges | The Group | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 34 | 36 |
Fair value assets | 7 | 11 |
Fair value liabilities | 0 | 0 |
Currency swaps | Fair value hedges | The Bank | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 34 | 36 |
Fair value assets | 7 | 11 |
Fair value liabilities | 0 | 0 |
Currency swaps | Cash flow hedges | The Group | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 571 | 4,030 |
Fair value assets | 7 | 37 |
Fair value liabilities | 8 | 73 |
Currency swaps | Cash flow hedges | The Bank | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 415 | 616 |
Fair value assets | 8 | 3 |
Fair value liabilities | 3 | 26 |
Options purchased | Exchange rate contracts: | The Group | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 5 | 12 |
Fair value assets | 0 | 0 |
Fair value liabilities | 0 | 0 |
Options purchased | Exchange rate contracts: | The Bank | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 5 | 12 |
Fair value assets | 0 | 0 |
Fair value liabilities | 0 | 0 |
Options purchased | Interest rate contracts: | The Group | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 2,128 | 3,745 |
Fair value assets | 19 | 55 |
Fair value liabilities | 0 | 0 |
Options purchased | Interest rate contracts: | The Bank | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 2,138 | 3,824 |
Fair value assets | 20 | 56 |
Fair value liabilities | 0 | 0 |
Options written | Exchange rate contracts: | The Group | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 5 | 12 |
Fair value assets | 0 | 0 |
Fair value liabilities | 0 | 0 |
Options written | Exchange rate contracts: | The Bank | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 5 | 11 |
Fair value assets | 0 | 0 |
Fair value liabilities | 0 | 0 |
Options written | Interest rate contracts: | The Group | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 1,229 | 3,064 |
Fair value assets | 0 | 0 |
Fair value liabilities | 10 | 62 |
Options written | Interest rate contracts: | The Bank | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 1,220 | 3,025 |
Fair value assets | 0 | 0 |
Fair value liabilities | 10 | 75 |
Interest rate swaps | Interest rate contracts: | The Group | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 931,834 | 1,312,974 |
Fair value assets | 4,525 | 5,872 |
Fair value liabilities | 3,300 | 5,421 |
Interest rate swaps | Interest rate contracts: | The Bank | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 1,160,782 | 1,762,919 |
Fair value assets | 5,710 | 10,287 |
Fair value liabilities | 4,897 | 8,562 |
Interest rate swaps | Fair value hedges | The Group | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 147,724 | 185,958 |
Fair value assets | 41 | 336 |
Fair value liabilities | 307 | 255 |
Interest rate swaps | Fair value hedges | The Bank | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 56,698 | 58,030 |
Fair value assets | 22 | 217 |
Fair value liabilities | 307 | 221 |
Interest rate swaps | Cash flow hedges | The Group | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 97,942 | 316,776 |
Fair value assets | 0 | 290 |
Fair value liabilities | 0 | 262 |
Interest rate swaps | Cash flow hedges | The Bank | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 26,876 | 93,353 |
Fair value assets | 0 | 11 |
Fair value liabilities | 0 | 42 |
Forward rate agreements | Interest rate contracts: | The Group | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 21 | 81,305 |
Fair value assets | 0 | 0 |
Fair value liabilities | 0 | 3 |
Forward rate agreements | Interest rate contracts: | The Bank | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 21 | 84,245 |
Fair value assets | 0 | 0 |
Fair value liabilities | 0 | 4 |
Credit derivatives | The Bank | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 4,439 | 5,407 |
Fair value assets | 23 | 59 |
Fair value liabilities | 102 | 99 |
Equity and other contracts | The Bank | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount | 0 | 3 |
Fair value assets | 0 | 0 |
Fair value liabilities | £ 0 | £ 0 |
DERIVATIVE FINANCIAL INSTRUME_4
DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Amount, Timing and Uncertainty of Future Cash Flows (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 1,353,360 | £ 2,075,682 |
The Bank | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 1,423,316 | 2,194,203 |
Currency swaps | Fair value hedges | The Group | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 34 | 36 |
Currency swaps | Fair value hedges | The Group | Up to 1 month | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 0 | £ 0 |
Average fixed interest rate (in percent) | 0.00% | 0.00% |
Currency swaps | Fair value hedges | The Group | 1-3 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 0 | £ 0 |
Average fixed interest rate (in percent) | 0.00% | 0.00% |
Currency swaps | Fair value hedges | The Group | 3-12 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 0 | £ 0 |
Average fixed interest rate (in percent) | 0.00% | 0.00% |
Currency swaps | Fair value hedges | The Group | 1-5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 0 | £ 0 |
Average fixed interest rate (in percent) | 0.00% | 0.00% |
Currency swaps | Fair value hedges | The Group | Over 5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 34 | £ 36 |
Average fixed interest rate (in percent) | 1.28% | 1.28% |
Currency swaps | Fair value hedges | The Bank | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 34 | £ 36 |
Currency swaps | Fair value hedges | The Bank | Up to 1 month | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 0 | £ 0 |
Average fixed interest rate (in percent) | 0.00% | 0.00% |
Currency swaps | Fair value hedges | The Bank | 1-3 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 0 | £ 0 |
Average fixed interest rate (in percent) | 0.00% | 0.00% |
Currency swaps | Fair value hedges | The Bank | 3-12 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 0 | £ 0 |
Average fixed interest rate (in percent) | 0.00% | 0.00% |
Currency swaps | Fair value hedges | The Bank | 1-5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 0 | £ 0 |
Average fixed interest rate (in percent) | 0.00% | 0.00% |
Currency swaps | Fair value hedges | The Bank | Over 5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 34 | £ 36 |
Average fixed interest rate (in percent) | 1.28% | 1.28% |
Currency swaps | Cash flow hedges | The Group | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 571 | £ 4,030 |
Currency swaps | Cash flow hedges | The Group | Up to 1 month | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 31 | 28 |
Currency swaps | Cash flow hedges | The Group | 1-3 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 117 | 102 |
Currency swaps | Cash flow hedges | The Group | 3-12 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 325 | 408 |
Currency swaps | Cash flow hedges | The Group | 1-5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 98 | 941 |
Currency swaps | Cash flow hedges | The Group | Over 5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 0 | 2,551 |
Currency swaps | Cash flow hedges | The Bank | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 415 | 616 |
Currency swaps | Cash flow hedges | The Bank | Up to 1 month | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 24 | 25 |
Currency swaps | Cash flow hedges | The Bank | 1-3 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 33 | 130 |
Currency swaps | Cash flow hedges | The Bank | 3-12 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 301 | 296 |
Currency swaps | Cash flow hedges | The Bank | 1-5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 57 | 165 |
Currency swaps | Cash flow hedges | The Bank | Over 5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 0 | 0 |
Interest rate swaps | Fair value hedges | The Group | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 147,724 | 185,958 |
Interest rate swaps | Fair value hedges | The Group | Up to 1 month | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 283 | £ 6,032 |
Average fixed interest rate (in percent) | 2.21% | 2.01% |
Interest rate swaps | Fair value hedges | The Group | 1-3 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 1,684 | £ 6,031 |
Average fixed interest rate (in percent) | 2.13% | 1.69% |
Interest rate swaps | Fair value hedges | The Group | 3-12 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 15,631 | £ 37,531 |
Average fixed interest rate (in percent) | 0.94% | 1.49% |
Interest rate swaps | Fair value hedges | The Group | 1-5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 105,666 | £ 116,487 |
Average fixed interest rate (in percent) | 0.62% | 1.23% |
Interest rate swaps | Fair value hedges | The Group | Over 5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 24,460 | £ 19,877 |
Average fixed interest rate (in percent) | 1.87% | 2.07% |
Interest rate swaps | Fair value hedges | The Bank | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 56,698 | £ 58,030 |
Interest rate swaps | Fair value hedges | The Bank | Up to 1 month | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 189 | £ 2,421 |
Average fixed interest rate (in percent) | 1.67% | 1.94% |
Interest rate swaps | Fair value hedges | The Bank | 1-3 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 1,656 | £ 489 |
Average fixed interest rate (in percent) | 2.09% | 1.67% |
Interest rate swaps | Fair value hedges | The Bank | 3-12 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 5,271 | £ 3,386 |
Average fixed interest rate (in percent) | 1.71% | 2.13% |
Interest rate swaps | Fair value hedges | The Bank | 1-5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 25,525 | £ 31,239 |
Average fixed interest rate (in percent) | 1.65% | 1.82% |
Interest rate swaps | Fair value hedges | The Bank | Over 5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 24,057 | £ 20,495 |
Average fixed interest rate (in percent) | 1.83% | 1.89% |
Interest rate swaps | Cash flow hedges | The Group | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 97,942 | £ 316,776 |
Interest rate swaps | Cash flow hedges | The Group | Up to 1 month | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 1,000 | £ 5,026 |
Average fixed interest rate (in percent) | 0.00% | 1.09% |
Interest rate swaps | Cash flow hedges | The Group | 1-3 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 500 | £ 11,449 |
Average fixed interest rate (in percent) | 0.17% | 1.05% |
Interest rate swaps | Cash flow hedges | The Group | 3-12 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 9,542 | £ 41,348 |
Average fixed interest rate (in percent) | 0.56% | 1.18% |
Interest rate swaps | Cash flow hedges | The Group | 1-5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 51,186 | £ 164,893 |
Average fixed interest rate (in percent) | 0.88% | 1.57% |
Interest rate swaps | Cash flow hedges | The Group | Over 5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 35,714 | £ 94,060 |
Average fixed interest rate (in percent) | 0.67% | 2.36% |
Interest rate swaps | Cash flow hedges | The Bank | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 26,876 | £ 93,353 |
Interest rate swaps | Cash flow hedges | The Bank | Up to 1 month | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 0 | £ 844 |
Average fixed interest rate (in percent) | 0.00% | 1.40% |
Interest rate swaps | Cash flow hedges | The Bank | 1-3 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 0 | £ 4,363 |
Average fixed interest rate (in percent) | 0.00% | 1.07% |
Interest rate swaps | Cash flow hedges | The Bank | 3-12 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 8,571 | £ 9,375 |
Average fixed interest rate (in percent) | 0.56% | 1.00% |
Interest rate swaps | Cash flow hedges | The Bank | 1-5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 10,115 | £ 67,534 |
Average fixed interest rate (in percent) | 0.96% | 1.47% |
Interest rate swaps | Cash flow hedges | The Bank | Over 5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 8,190 | £ 11,237 |
Average fixed interest rate (in percent) | 0.74% | 2.33% |
Average EUR/GBP exchange rate | Currency swaps | Fair value hedges | The Group | Up to 1 month | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0 |
Average EUR/GBP exchange rate | Currency swaps | Fair value hedges | The Group | 1-3 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0 |
Average EUR/GBP exchange rate | Currency swaps | Fair value hedges | The Group | 3-12 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0 |
Average EUR/GBP exchange rate | Currency swaps | Fair value hedges | The Group | 1-5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0 |
Average EUR/GBP exchange rate | Currency swaps | Fair value hedges | The Group | Over 5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0138 | 0.0138 |
Average EUR/GBP exchange rate | Currency swaps | Fair value hedges | The Bank | Up to 1 month | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0 |
Average EUR/GBP exchange rate | Currency swaps | Fair value hedges | The Bank | 1-3 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0 |
Average EUR/GBP exchange rate | Currency swaps | Fair value hedges | The Bank | 3-12 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0 |
Average EUR/GBP exchange rate | Currency swaps | Fair value hedges | The Bank | 1-5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0 |
Average EUR/GBP exchange rate | Currency swaps | Fair value hedges | The Bank | Over 5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0138 | 0.0138 |
Average EUR/GBP exchange rate | Currency swaps | Cash flow hedges | The Group | Up to 1 month | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0114 | |
Average EUR/GBP exchange rate | Currency swaps | Cash flow hedges | The Group | 1-3 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0116 | |
Average EUR/GBP exchange rate | Currency swaps | Cash flow hedges | The Group | 3-12 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0115 | |
Average EUR/GBP exchange rate | Currency swaps | Cash flow hedges | The Group | 1-5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0113 | |
Average EUR/GBP exchange rate | Currency swaps | Cash flow hedges | The Group | Over 5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | |
Average EUR/GBP exchange rate | Currency swaps | Cash flow hedges | The Bank | Up to 1 month | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0 |
Average EUR/GBP exchange rate | Currency swaps | Cash flow hedges | The Bank | 1-3 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0 |
Average EUR/GBP exchange rate | Currency swaps | Cash flow hedges | The Bank | 3-12 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0116 | 0.0113 |
Average EUR/GBP exchange rate | Currency swaps | Cash flow hedges | The Bank | 1-5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0116 | 0.0111 |
Average EUR/GBP exchange rate | Currency swaps | Cash flow hedges | The Bank | Over 5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0 |
Average USD/GBP exchange rate | Currency swaps | Cash flow hedges | The Group | Up to 1 month | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0136 | 0.0130 |
Average USD/GBP exchange rate | Currency swaps | Cash flow hedges | The Group | 1-3 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0135 | 0.0131 |
Average USD/GBP exchange rate | Currency swaps | Cash flow hedges | The Group | 3-12 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0137 | 0.0130 |
Average USD/GBP exchange rate | Currency swaps | Cash flow hedges | The Group | 1-5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0134 | 0.0132 |
Average USD/GBP exchange rate | Currency swaps | Cash flow hedges | The Group | Over 5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0134 | 0.0132 |
Average USD/GBP exchange rate | Currency swaps | Cash flow hedges | The Bank | Up to 1 month | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0136 | 0.0130 |
Average USD/GBP exchange rate | Currency swaps | Cash flow hedges | The Bank | 1-3 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0135 | 0.0130 |
Average USD/GBP exchange rate | Currency swaps | Cash flow hedges | The Bank | 3-12 months | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0137 | 0.0131 |
Average USD/GBP exchange rate | Currency swaps | Cash flow hedges | The Bank | 1-5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0133 | 0.0134 |
Average USD/GBP exchange rate | Currency swaps | Cash flow hedges | The Bank | Over 5 years | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0 |
DERIVATIVE FINANCIAL INSTRUME_5
DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of the Effects of Hedge Accounting on Swaps (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting on Swaps [Line Items] | ||
Contract/ notional amount | £ 1,353,360 | £ 2,075,682 |
Derivative assets | 5,511 | 8,341 |
Liabilities | 4,643 | 8,228 |
The Bank | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting on Swaps [Line Items] | ||
Contract/ notional amount | 1,423,316 | 2,194,203 |
Derivative assets | 6,898 | 12,595 |
Liabilities | 6,102 | 11,072 |
Currency swaps | Fair value hedges | The Group | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting on Swaps [Line Items] | ||
Contract/ notional amount | 34 | 36 |
Derivative assets | 7 | 11 |
Liabilities | 0 | 0 |
Changes in fair value used for calculating hedge ineffectiveness | (2) | 1 |
Currency swaps | Fair value hedges | The Bank | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting on Swaps [Line Items] | ||
Contract/ notional amount | 34 | 36 |
Derivative assets | 7 | 11 |
Liabilities | 0 | 0 |
Changes in fair value used for calculating hedge ineffectiveness | (2) | 1 |
Currency swaps | Cash flow hedges | The Group | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting on Swaps [Line Items] | ||
Contract/ notional amount | 571 | 4,030 |
Derivative assets | 7 | 37 |
Liabilities | 8 | 73 |
Changes in fair value used for calculating hedge ineffectiveness | (26) | (64) |
Currency swaps | Cash flow hedges | The Bank | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting on Swaps [Line Items] | ||
Contract/ notional amount | 415 | 616 |
Derivative assets | 8 | 3 |
Liabilities | 3 | 26 |
Changes in fair value used for calculating hedge ineffectiveness | (2) | 4 |
Interest rate swaps | Fair value hedges | The Group | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting on Swaps [Line Items] | ||
Contract/ notional amount | 147,724 | 185,958 |
Derivative assets | 41 | 336 |
Liabilities | 307 | 255 |
Changes in fair value used for calculating hedge ineffectiveness | 1,887 | (88) |
Interest rate swaps | Fair value hedges | The Bank | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting on Swaps [Line Items] | ||
Contract/ notional amount | 56,698 | 58,030 |
Derivative assets | 22 | 217 |
Liabilities | 307 | 221 |
Changes in fair value used for calculating hedge ineffectiveness | (294) | (226) |
Interest rate swaps | Cash flow hedges | The Group | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting on Swaps [Line Items] | ||
Contract/ notional amount | 97,942 | 316,776 |
Derivative assets | 0 | 290 |
Liabilities | 0 | 262 |
Changes in fair value used for calculating hedge ineffectiveness | (2,444) | 527 |
Interest rate swaps | Cash flow hedges | The Bank | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting on Swaps [Line Items] | ||
Contract/ notional amount | 26,876 | 93,353 |
Derivative assets | 0 | 11 |
Liabilities | 0 | 42 |
Changes in fair value used for calculating hedge ineffectiveness | £ (548) | £ 130 |
DERIVATIVE FINANCIAL INSTRUME_6
DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of the Effects of Hedge Accounting (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Fair value hedges | The Group | Interest rate | Fixed rate mortgages | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Carrying amount of the hedged item, assets | £ 88,791 | £ 125,183 |
Carrying amount of the hedged item, liabilities | 0 | 0 |
Accumulated amount of fair value adjustment on the hedged item, assets | (872) | 661 |
Accumulated amount of fair value adjustment on the hedged item, liabilities | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | (2,081) | 355 |
Fair value hedges | The Group | Interest rate | Fixed rate issuance | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Carrying amount of the hedged item, assets | 0 | 0 |
Carrying amount of the hedged item, liabilities | 33,128 | 37,323 |
Accumulated amount of fair value adjustment on the hedged item, assets | 0 | 0 |
Accumulated amount of fair value adjustment on the hedged item, liabilities | 411 | 1,357 |
Change in fair value of hedged item for ineffectiveness assessment | 1,149 | (179) |
Fair value hedges | The Group | Interest rate | Fixed rate borrowings | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Carrying amount of the hedged item, assets | 0 | 0 |
Carrying amount of the hedged item, liabilities | 0 | 1,404 |
Accumulated amount of fair value adjustment on the hedged item, assets | 0 | 0 |
Accumulated amount of fair value adjustment on the hedged item, liabilities | 0 | 304 |
Change in fair value of hedged item for ineffectiveness assessment | 0 | (184) |
Fair value hedges | The Group | Interest rate | Fixed rate bonds | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Carrying amount of the hedged item, assets | 25,019 | 24,111 |
Carrying amount of the hedged item, liabilities | 0 | 0 |
Accumulated amount of fair value adjustment on the hedged item, assets | 342 | 1,178 |
Accumulated amount of fair value adjustment on the hedged item, liabilities | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | (758) | 641 |
Fair value hedges | The Bank | Interest rate | Fixed rate issuance | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Carrying amount of the hedged item, assets | 0 | 0 |
Carrying amount of the hedged item, liabilities | 28,870 | 32,044 |
Accumulated amount of fair value adjustment on the hedged item, assets | 0 | 0 |
Accumulated amount of fair value adjustment on the hedged item, liabilities | 65 | 793 |
Change in fair value of hedged item for ineffectiveness assessment | 1,018 | (243) |
Fair value hedges | The Bank | Interest rate | Fixed rate borrowings | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Carrying amount of the hedged item, assets | 0 | 0 |
Carrying amount of the hedged item, liabilities | 0 | 1,404 |
Accumulated amount of fair value adjustment on the hedged item, assets | 0 | 0 |
Accumulated amount of fair value adjustment on the hedged item, liabilities | 0 | 304 |
Change in fair value of hedged item for ineffectiveness assessment | 0 | (184) |
Fair value hedges | The Bank | Interest rate | Fixed rate bonds | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Carrying amount of the hedged item, assets | 24,358 | 23,239 |
Carrying amount of the hedged item, liabilities | 0 | 0 |
Accumulated amount of fair value adjustment on the hedged item, assets | 344 | 1,158 |
Accumulated amount of fair value adjustment on the hedged item, liabilities | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | (736) | 625 |
Cash flow hedges | The Group | Interest rate | Customer deposits | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Change in fair value of hedged item for ineffectiveness assessment | (89) | 38 |
Cash flow hedging reserve, continuing hedges | 32 | (233) |
Cash flow hedging reserve, discontinued hedges | (85) | 97 |
Cash flow hedges | The Group | Interest rate | Customer loans | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 1,842 | (508) |
Cash flow hedging reserve, continuing hedges | (711) | 1,918 |
Cash flow hedging reserve, discontinued hedges | 453 | (2) |
Cash flow hedges | The Group | Interest rate | Central bank balances | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 588 | (71) |
Cash flow hedging reserve, continuing hedges | (235) | 19 |
Cash flow hedging reserve, discontinued hedges | (109) | 270 |
Cash flow hedges | The Group | Foreign exchange | Foreign currency issuance | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 5 | (8) |
Cash flow hedging reserve, continuing hedges | (19) | (40) |
Cash flow hedging reserve, discontinued hedges | 17 | 64 |
Cash flow hedges | The Group | Foreign exchange | Customer deposits | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 21 | 74 |
Cash flow hedging reserve, continuing hedges | 0 | 13 |
Cash flow hedging reserve, discontinued hedges | 0 | (41) |
Cash flow hedges | The Bank | Interest rate | Customer deposits | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Change in fair value of hedged item for ineffectiveness assessment | (42) | 15 |
Cash flow hedging reserve, continuing hedges | 10 | (189) |
Cash flow hedging reserve, discontinued hedges | (67) | 3 |
Cash flow hedges | The Bank | Interest rate | Customer loans | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 510 | (119) |
Cash flow hedging reserve, continuing hedges | (117) | 1,486 |
Cash flow hedging reserve, discontinued hedges | 1,014 | 281 |
Cash flow hedges | The Bank | Interest rate | Central bank balances | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 0 | 0 |
Cash flow hedging reserve, continuing hedges | 0 | 0 |
Cash flow hedging reserve, discontinued hedges | 211 | 324 |
Cash flow hedges | The Bank | Foreign exchange | Foreign currency issuance | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 2 | (4) |
Cash flow hedging reserve, continuing hedges | (12) | (49) |
Cash flow hedging reserve, discontinued hedges | £ (2) | £ 16 |
DERIVATIVE FINANCIAL INSTRUME_7
DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | ||
Accumulated fair value hedge adjustment | £ (548) | £ (360) |
Fixed rate insurance liability | (270) | |
Fixed rate bonds and mortgages | (278) | |
Fair value assets | 5,511 | 8,341 |
Fair value liabilities | 4,643 | 8,228 |
The Group | Foreign exchange | Cash flow hedges | Foreign currency issuance | Foreign currency issuance | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | ||
Hedged cash flows will no longer occur | 3 | 6 |
The Group | 1 year or over original maturity | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | ||
Fair value assets | 4,861 | 7,393 |
Fair value liabilities | 4,031 | 7,064 |
The Bank | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | ||
Fair value assets | 6,898 | 12,595 |
Fair value liabilities | 6,102 | 11,072 |
Hedged asset fair value hedge | 71 | (9) |
The Bank | Foreign exchange | Cash flow hedges | Foreign currency issuance | Foreign currency issuance | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | ||
Hedged cash flows will no longer occur | 0 | 1 |
The Bank | 1 year or over original maturity | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | ||
Fair value assets | 6,277 | 11,755 |
Fair value liabilities | £ 5,492 | £ 10,009 |
DERIVATIVE FINANCIAL INSTRUME_8
DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Amounts Reclassified from Reserves to Income Statement (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
The Group | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Effective portion of changes in fair value taken to other comprehensive income | £ (2,138) | £ 709 | £ 1,166 |
Reclassification adjustments on cash flow hedges, before tax | 584 | 727 | 580 |
The Bank | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Effective portion of changes in fair value taken to other comprehensive income | (438) | 85 | 892 |
Reclassification adjustments on cash flow hedges, before tax | 399 | 355 | £ 448 |
Fair value hedges | The Group | Interest rate | Fixed rate mortgages | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | (2,081) | 355 | |
Fair value hedges | The Group | Interest rate | Fixed rate mortgages | Fixed rate mortgages | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Hedge ineffectiveness recognised in the income statement | 206 | 571 | |
Fair value hedges | The Group | Interest rate | Fixed rate issuance | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | 1,149 | (179) | |
Fair value hedges | The Group | Interest rate | Fixed rate issuance | Fixed rate issuance | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Hedge ineffectiveness recognised in the income statement | (4) | (35) | |
Fair value hedges | The Group | Interest rate | Fixed rate borrowings | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | 0 | (184) | |
Fair value hedges | The Group | Interest rate | Fixed rate borrowings | Fixed rate borrowings | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Hedge ineffectiveness recognised in the income statement | 0 | 1 | |
Fair value hedges | The Group | Interest rate | Fixed rate bonds | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | (758) | 641 | |
Fair value hedges | The Group | Interest rate | Fixed rate bonds | Fixed rate bonds | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Hedge ineffectiveness recognised in the income statement | (7) | 9 | |
Fair value hedges | The Bank | Interest rate | Fixed rate mortgages | Fixed rate mortgages | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Hedge ineffectiveness recognised in the income statement | 0 | 0 | |
Fair value hedges | The Bank | Interest rate | Fixed rate issuance | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | 1,018 | (243) | |
Fair value hedges | The Bank | Interest rate | Fixed rate issuance | Fixed rate issuance | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Hedge ineffectiveness recognised in the income statement | (7) | (35) | |
Fair value hedges | The Bank | Interest rate | Fixed rate borrowings | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | 0 | (184) | |
Fair value hedges | The Bank | Interest rate | Fixed rate borrowings | Fixed rate borrowings | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Hedge ineffectiveness recognised in the income statement | 0 | ||
Fair value hedges | The Bank | Interest rate | Fixed rate bonds | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | (736) | 625 | |
Fair value hedges | The Bank | Interest rate | Fixed rate bonds | Fixed rate bonds | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Hedge ineffectiveness recognised in the income statement | (7) | 8 | |
Cash flow hedges | The Group | Interest rate | Customer deposits | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | (89) | 38 | |
Cash flow hedges | The Group | Interest rate | Customer deposits | Customer deposits | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | 83 | (27) | |
Hedge ineffectiveness recognised in the income statement | 1 | 0 | |
Hedged cash flows will no longer occur | 0 | 0 | |
Hedged item affected income statement | 25 | 45 | |
Cash flow hedges | The Group | Interest rate | Customer loans | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | 1,842 | (508) | |
Cash flow hedges | The Group | Interest rate | Customer loans | Customer loans | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | (2,173) | 23 | |
Hedge ineffectiveness recognised in the income statement | (42) | 262 | |
Hedged cash flows will no longer occur | 0 | 0 | |
Hedged item affected income statement | (454) | (633) | |
Cash flow hedges | The Group | Interest rate | Central bank balances | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | 588 | (71) | |
Cash flow hedges | The Group | Interest rate | Central bank balances | Central bank balances | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | (633) | 28 | |
Hedge ineffectiveness recognised in the income statement | (17) | (3) | |
Hedged cash flows will no longer occur | 0 | 0 | |
Hedged item affected income statement | (134) | (95) | |
Cash flow hedges | The Group | Foreign exchange | Foreign currency issuance | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | 5 | (8) | |
Cash flow hedges | The Group | Foreign exchange | Foreign currency issuance | Foreign currency issuance | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | (27) | (45) | |
Hedge ineffectiveness recognised in the income statement | 0 | 0 | |
Hedged cash flows will no longer occur | 3 | 6 | |
Hedged item affected income statement | (18) | (47) | |
Cash flow hedges | The Group | Foreign exchange | Customer deposits | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | 21 | 74 | |
Cash flow hedges | The Group | Foreign exchange | Customer deposits | Customer deposits | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | 28 | 3 | |
Hedge ineffectiveness recognised in the income statement | 0 | 0 | |
Hedged cash flows will no longer occur | 0 | 0 | |
Hedged item affected income statement | 0 | 9 | |
Cash flow hedges | The Bank | Interest rate | Customer deposits | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | (42) | 15 | |
Cash flow hedges | The Bank | Interest rate | Customer deposits | Customer deposits | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | 129 | 8 | |
Hedge ineffectiveness recognised in the income statement | 2 | 4 | |
Hedged cash flows will no longer occur | 0 | 0 | |
Hedged item affected income statement | 18 | 34 | |
Cash flow hedges | The Bank | Interest rate | Customer loans | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | 510 | (119) | |
Cash flow hedges | The Bank | Interest rate | Customer loans | Customer loans | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | (871) | (166) | |
Hedge ineffectiveness recognised in the income statement | (26) | (31) | |
Hedged cash flows will no longer occur | 0 | 0 | |
Hedged item affected income statement | (325) | (324) | |
Cash flow hedges | The Bank | Interest rate | Central bank balances | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | 0 | 0 | |
Cash flow hedges | The Bank | Interest rate | Central bank balances | Central bank balances | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | (113) | (111) | |
Hedge ineffectiveness recognised in the income statement | 0 | 0 | |
Hedged cash flows will no longer occur | 0 | 0 | |
Hedged item affected income statement | (113) | (60) | |
Cash flow hedges | The Bank | Foreign exchange | Foreign currency issuance | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | 2 | (4) | |
Cash flow hedges | The Bank | Foreign exchange | Foreign currency issuance | Foreign currency issuance | |||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | |||
Gain (loss) recognised in other comprehensive income | 18 | (1) | |
Hedge ineffectiveness recognised in the income statement | 0 | 0 | |
Hedged cash flows will no longer occur | 0 | 1 | |
Hedged item affected income statement | £ 21 | £ (4) |
FINANCIAL ASSETS AT AMORTISED_3
FINANCIAL ASSETS AT AMORTISED COST - Schedule of Debt Securities and Loans and Advances to Banks and Customers (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | £ 6,132 | ||
Ending balance, allowance for expected credit losses | 4,000 | £ 6,132 | |
The Group | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Exchange and other adjustments | 19 | 0 | £ 2 |
Other changes in credit quality | (416) | 2,246 | 841 |
Impact of transfers between stages | (61) | 1,456 | 604 |
Additions and repayments | 794 | (168) | 95 |
Methodology and model changes | (42) | 165 | 14 |
Other items | (5) | 25 | (2) |
Due from fellow Lloyds Banking Group undertakings | 739 | 738 | |
Net carrying amount | 7,474 | 5,950 | 4,852 |
Net carrying amount | 477,541 | 480,141 | |
Net carrying amount | 4,562 | 5,137 | |
Total financial assets at amortised cost | 490,316 | 491,966 | |
The Group | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | 0 | 0 | |
Transfers to Stage 2 | 0 | 0 | |
Transfers to Stage 3 | 0 | 0 | |
Impact of transfers between stages | 0 | 0 | |
The Group | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 4 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Other changes in credit quality | (3) | ||
Additions and repayments | (1) | 0 | |
Charge to the income statement | 4 | ||
Credit to the income statement | (4) | ||
Ending balance, allowance for expected credit losses | 0 | 4 | 0 |
The Group | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 1 | 1 | |
Exchange and other adjustments | 1 | 0 | |
Additions and repayments | 0 | 0 | |
Charge to the income statement | 0 | ||
Ending balance, allowance for expected credit losses | 2 | 1 | 1 |
The Group | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 1,024 | 568 | |
Exchange and other adjustments | 139 | 41 | |
Other changes in credit quality | (124) | 181 | |
Impact of transfers between stages | 74 | 249 | |
Additions and repayments | (164) | (44) | |
Methodology and model changes | (57) | 90 | |
Charge to the income statement | 476 | ||
Credit to the income statement | (271) | ||
Advances written off | (65) | (76) | |
Recoveries of advances written off in previous years | 9 | 15 | |
Ending balance, allowance for expected credit losses | 836 | 1,024 | 568 |
The Group | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 5,701 | 3,163 | |
Exchange and other adjustments | 119 | 19 | |
Other changes in credit quality | (289) | 2,155 | |
Impact of transfers between stages | (12) | 1,366 | |
Additions and repayments | (738) | 112 | |
Methodology and model changes | (42) | 165 | |
Reversal of impairment loss recognised in profit or loss | (1,081) | ||
Charge to the income statement | 3,798 | ||
Advances written off | (1,094) | (1,529) | |
Recoveries of advances written off in previous years | 159 | 250 | |
Ending balance, allowance for expected credit losses | 3,804 | 5,701 | 3,163 |
The Group | Stage 1 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Total financial assets at amortised cost | 440,935 | 426,086 | |
The Group | Stage 1 | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 4 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Other changes in credit quality | (3) | ||
Additions and repayments | (1) | 0 | |
Charge to the income statement | 4 | ||
Credit to the income statement | (4) | ||
Ending balance, allowance for expected credit losses | 0 | 4 | 0 |
The Group | Stage 1 | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 0 | 0 | |
Exchange and other adjustments | 1 | 0 | |
Additions and repayments | 0 | 0 | |
Charge to the income statement | 0 | ||
Ending balance, allowance for expected credit losses | 1 | 0 | 0 |
The Group | Stage 1 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 104 | 23 | |
Exchange and other adjustments | 0 | 0 | |
Other changes in credit quality | (14) | 63 | |
Impact of transfers between stages | 3 | (2) | |
Additions and repayments | 8 | 14 | |
Methodology and model changes | (53) | 6 | |
Charge to the income statement | 81 | ||
Credit to the income statement | (56) | ||
Ending balance, allowance for expected credit losses | 48 | 104 | 23 |
The Group | Stage 1 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 1,347 | 669 | |
Exchange and other adjustments | (2) | 0 | |
Other changes in credit quality | (239) | 838 | |
Impact of transfers between stages | 75 | (166) | |
Additions and repayments | (209) | 37 | |
Methodology and model changes | (63) | (31) | |
Reversal of impairment loss recognised in profit or loss | (436) | ||
Charge to the income statement | 678 | ||
Ending balance, allowance for expected credit losses | 909 | 1,347 | 669 |
The Group | Stage 2 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Total financial assets at amortised cost | 33,781 | 49,155 | |
The Group | Stage 2 | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 0 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Other changes in credit quality | 0 | ||
Additions and repayments | 0 | 0 | |
Charge to the income statement | 0 | ||
Credit to the income statement | 0 | ||
Ending balance, allowance for expected credit losses | 0 | 0 | 0 |
The Group | Stage 2 | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 0 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Charge to the income statement | 0 | ||
Ending balance, allowance for expected credit losses | 0 | 0 | 0 |
The Group | Stage 2 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 468 | 281 | |
Exchange and other adjustments | 0 | 0 | |
Other changes in credit quality | (32) | (26) | |
Impact of transfers between stages | 20 | 168 | |
Additions and repayments | (52) | (15) | |
Methodology and model changes | (10) | 60 | |
Charge to the income statement | 187 | ||
Credit to the income statement | (74) | ||
Ending balance, allowance for expected credit losses | 394 | 468 | 281 |
The Group | Stage 2 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 2,125 | 993 | |
Exchange and other adjustments | (5) | 2 | |
Other changes in credit quality | (256) | (33) | |
Impact of transfers between stages | (423) | 850 | |
Additions and repayments | (344) | 143 | |
Methodology and model changes | 15 | 170 | |
Reversal of impairment loss recognised in profit or loss | (1,008) | ||
Charge to the income statement | 1,130 | ||
Ending balance, allowance for expected credit losses | 1,112 | 2,125 | 993 |
The Group | Stage 3 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Total financial assets at amortised cost | 4,833 | 4,475 | |
The Group | Stage 3 | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 0 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Other changes in credit quality | 0 | ||
Additions and repayments | 0 | 0 | |
Charge to the income statement | 0 | ||
Credit to the income statement | 0 | ||
Ending balance, allowance for expected credit losses | 0 | 0 | 0 |
The Group | Stage 3 | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 1 | 1 | |
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Charge to the income statement | 0 | ||
Ending balance, allowance for expected credit losses | 1 | 1 | 1 |
The Group | Stage 3 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 191 | 122 | |
Exchange and other adjustments | 18 | 20 | |
Other changes in credit quality | (30) | (23) | |
Impact of transfers between stages | 51 | 83 | |
Additions and repayments | (33) | (13) | |
Methodology and model changes | 6 | 24 | |
Charge to the income statement | 71 | ||
Credit to the income statement | (6) | ||
Advances written off | (28) | (37) | |
Recoveries of advances written off in previous years | 9 | 15 | |
Ending balance, allowance for expected credit losses | 184 | 191 | 122 |
The Group | Stage 3 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 1,968 | 1,359 | |
Exchange and other adjustments | 5 | (4) | |
Other changes in credit quality | 254 | 1,183 | |
Impact of transfers between stages | 336 | 682 | |
Additions and repayments | (98) | (38) | |
Methodology and model changes | 6 | 26 | |
Charge to the income statement | 498 | 1,853 | |
Advances written off | (1,057) | (1,490) | |
Recoveries of advances written off in previous years | 159 | 250 | |
Ending balance, allowance for expected credit losses | 1,573 | 1,968 | 1,359 |
The Group | POCI | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Total financial assets at amortised cost | 10,767 | 12,250 | |
The Group | POCI | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 0 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Other changes in credit quality | 0 | ||
Additions and repayments | 0 | 0 | |
Charge to the income statement | 0 | ||
Credit to the income statement | 0 | ||
Ending balance, allowance for expected credit losses | 0 | 0 | 0 |
The Group | POCI | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 0 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Charge to the income statement | 0 | ||
Ending balance, allowance for expected credit losses | 0 | 0 | 0 |
The Group | POCI | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 261 | 142 | |
Exchange and other adjustments | 121 | 21 | |
Other changes in credit quality | (48) | 167 | |
Additions and repayments | (87) | (30) | |
Methodology and model changes | 0 | 0 | |
Charge to the income statement | 137 | ||
Credit to the income statement | (135) | ||
Advances written off | (37) | (39) | |
Recoveries of advances written off in previous years | 0 | 0 | |
Ending balance, allowance for expected credit losses | 210 | 261 | 142 |
The Group | POCI | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 261 | 142 | |
Exchange and other adjustments | 121 | 21 | |
Other changes in credit quality | (48) | 167 | |
Additions and repayments | (87) | (30) | |
Methodology and model changes | 0 | 0 | |
Reversal of impairment loss recognised in profit or loss | (135) | ||
Charge to the income statement | 137 | ||
Advances written off | (37) | (39) | |
Recoveries of advances written off in previous years | 0 | 0 | |
Ending balance, allowance for expected credit losses | 210 | 261 | 142 |
The Group | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to banks and reverse repurchase agreements | 5,954 | 4,852 | |
Beginning balance, allowance for expected credit losses | 4 | ||
Exchange and other adjustments | 15 | (25) | |
Additions and repayments | 1,505 | 1,127 | |
Ending balance, loans and advances to banks and reverse repurchase agreements | 7,474 | 5,954 | 4,852 |
Ending balance, allowance for expected credit losses | 0 | 4 | |
Net carrying amount | 7,474 | 5,950 | |
The Group | Stage 2 | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
The Group | Stage 2 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
The Group | Stage 2 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
The Group | Stage 2 | Stage 1 | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
The Group | Stage 2 | Stage 1 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (5) | (4) | |
The Group | Stage 2 | Stage 1 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (48) | (217) | |
The Group | Stage 2 | Stage 2 | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
The Group | Stage 2 | Stage 2 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 37 | 22 | |
The Group | Stage 2 | Stage 2 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 155 | 267 | |
The Group | Stage 2 | Stage 3 | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
The Group | Stage 2 | Stage 3 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (32) | (18) | |
The Group | Stage 2 | Stage 3 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (107) | (50) | |
The Group | Stage 1 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
The Group | Stage 1 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
The Group | Stage 1 | Stage 1 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 66 | 17 | |
The Group | Stage 1 | Stage 1 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 562 | 144 | |
The Group | Stage 1 | Stage 2 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (66) | (17) | |
The Group | Stage 1 | Stage 2 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (551) | (141) | |
The Group | Stage 1 | Stage 3 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
The Group | Stage 1 | Stage 3 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (11) | (3) | |
The Group | Stage 3 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
The Group | Stage 3 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
The Group | Stage 3 | Stage 1 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
The Group | Stage 3 | Stage 1 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (13) | (9) | |
The Group | Stage 3 | Stage 2 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (35) | (35) | |
The Group | Stage 3 | Stage 2 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (220) | (156) | |
The Group | Stage 3 | Stage 3 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 35 | 35 | |
The Group | Stage 3 | Stage 3 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 233 | 165 | |
The Group | Impact of transfers between stages | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
The Group | Impact of transfers between stages | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 74 | 249 | |
The Group | Impact of transfers between stages | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (12) | 1,366 | |
The Group | Impact of transfers between stages | Stage 1 | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
The Group | Impact of transfers between stages | Stage 1 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (58) | (15) | |
The Group | Impact of transfers between stages | Stage 1 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (426) | (84) | |
The Group | Impact of transfers between stages | Stage 2 | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
The Group | Impact of transfers between stages | Stage 2 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 84 | 198 | |
The Group | Impact of transfers between stages | Stage 2 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 193 | 880 | |
The Group | Impact of transfers between stages | Stage 3 | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
The Group | Impact of transfers between stages | Stage 3 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 48 | 66 | |
The Group | Impact of transfers between stages | Stage 3 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 221 | 570 | |
The Group | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, debt securities | 5,138 | 5,326 | |
Beginning balance, allowance for expected credit losses | 1 | ||
Exchange and other adjustments | (20) | (17) | |
Additions and repayments | (554) | (171) | |
Impact of transfers between stages | 0 | ||
Ending balance, allowance for expected credit losses | 2 | 1 | |
Ending balance, debt securities | 4,564 | 5,138 | 5,326 |
Net carrying amount | 4,562 | 5,137 | |
The Group | Debt securities | Stage 2 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 0 | ||
The Group | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to customers and reverse repurchase agreements | 485,842 | 477,633 | |
Beginning balance, allowance for expected credit losses | 5,701 | ||
Exchange and other adjustments | (2,551) | 831 | |
Additions and repayments | (1,011) | 8,657 | |
Impact of transfers between stages | 0 | 0 | |
Advances written off | (1,094) | (1,529) | |
Recoveries of advances written off in previous years | 159 | 250 | |
Ending balance, allowance for expected credit losses | 3,804 | 5,701 | |
Ending balance, loans and advances to customers and reverse repurchase agreements | 481,345 | 485,842 | 477,633 |
Net carrying amount | 477,541 | 480,141 | |
The Group | Loans and advances to customers and reverse repurchase agreements | Stage 1 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | 0 | 0 | |
The Group | Loans and advances to customers and reverse repurchase agreements | Stage 2 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 0 | 0 | |
The Group | Loans and advances to customers and reverse repurchase agreements | Stage 3 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | 0 | 0 | |
The Bank | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Exchange and other adjustments | 2 | (1) | (6) |
Due from fellow Lloyds Banking Group undertakings | 108,424 | 128,771 | |
Net carrying amount | 7,287 | 5,656 | 4,453 |
Net carrying amount | 163,428 | 178,269 | |
Net carrying amount | 3,756 | 4,315 | |
Total financial assets at amortised cost | 282,895 | 317,011 | |
The Bank | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 4 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Other changes in credit quality | (3) | ||
Additions and repayments | (1) | 0 | |
Charge to the income statement | 4 | ||
Credit to the income statement | (4) | ||
Ending balance, allowance for expected credit losses | 0 | 4 | 0 |
The Bank | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 1 | 0 | |
Exchange and other adjustments | (1) | 0 | |
Additions and repayments | 0 | 1 | |
Ending balance, allowance for expected credit losses | 0 | 1 | 0 |
The Bank | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 2,281 | 1,173 | |
Exchange and other adjustments | (11) | (8) | |
Other changes in credit quality | (173) | 818 | |
Impact of transfers between stages | (119) | 602 | |
Additions and repayments | (318) | 153 | |
Methodology and model changes | (42) | 165 | |
Charge to the income statement | 1,738 | ||
Credit to the income statement | (652) | ||
Advances written off | (490) | (708) | |
Recoveries of advances written off in previous years | 48 | 86 | |
Ending balance, allowance for expected credit losses | 1,176 | 2,281 | 1,173 |
The Bank | Stage 1 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Total financial assets at amortised cost | 268,931 | 294,342 | |
The Bank | Stage 1 | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 4 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Other changes in credit quality | (3) | ||
Additions and repayments | (1) | 0 | |
Charge to the income statement | 4 | ||
Credit to the income statement | (4) | ||
Ending balance, allowance for expected credit losses | 0 | 4 | 0 |
The Bank | Stage 1 | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 1 | 0 | |
Exchange and other adjustments | (1) | 0 | |
Additions and repayments | 0 | 1 | |
Ending balance, allowance for expected credit losses | 0 | 1 | 0 |
The Bank | Stage 1 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 589 | 238 | |
Exchange and other adjustments | (1) | 0 | |
Other changes in credit quality | (107) | 382 | |
Impact of transfers between stages | 28 | (35) | |
Additions and repayments | (88) | 35 | |
Methodology and model changes | (63) | (31) | |
Charge to the income statement | 351 | ||
Credit to the income statement | (230) | ||
Ending balance, allowance for expected credit losses | 358 | 589 | 238 |
The Bank | Stage 2 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Total financial assets at amortised cost | 11,680 | 20,520 | |
The Bank | Stage 2 | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 0 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Other changes in credit quality | 0 | ||
Additions and repayments | 0 | 0 | |
Charge to the income statement | 0 | ||
Credit to the income statement | 0 | ||
Ending balance, allowance for expected credit losses | 0 | 0 | 0 |
The Bank | Stage 2 | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 0 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Ending balance, allowance for expected credit losses | 0 | 0 | 0 |
The Bank | Stage 2 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 974 | 435 | |
Exchange and other adjustments | 0 | 0 | |
Other changes in credit quality | (125) | (43) | |
Impact of transfers between stages | (252) | 275 | |
Additions and repayments | (208) | 137 | |
Methodology and model changes | 15 | 170 | |
Charge to the income statement | 539 | ||
Credit to the income statement | (570) | ||
Ending balance, allowance for expected credit losses | 404 | 974 | 435 |
The Bank | Stage 3 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Total financial assets at amortised cost | 2,284 | 2,149 | |
The Bank | Stage 3 | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 0 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Other changes in credit quality | 0 | ||
Additions and repayments | 0 | 0 | |
Charge to the income statement | 0 | ||
Credit to the income statement | 0 | ||
Ending balance, allowance for expected credit losses | 0 | 0 | 0 |
The Bank | Stage 3 | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 0 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Ending balance, allowance for expected credit losses | 0 | 0 | 0 |
The Bank | Stage 3 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 718 | 500 | |
Exchange and other adjustments | (10) | (8) | |
Other changes in credit quality | 59 | 479 | |
Impact of transfers between stages | 105 | 362 | |
Additions and repayments | (22) | (19) | |
Methodology and model changes | 6 | 26 | |
Charge to the income statement | 148 | 848 | |
Advances written off | (490) | (708) | |
Recoveries of advances written off in previous years | 48 | 86 | |
Ending balance, allowance for expected credit losses | 414 | 718 | 500 |
The Bank | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to banks and reverse repurchase agreements | 5,660 | 4,453 | |
Beginning balance, allowance for expected credit losses | 4 | ||
Exchange and other adjustments | 20 | (19) | |
Other changes in credit quality | 0 | ||
Additions and repayments | 1,607 | 1,226 | |
Ending balance, loans and advances to banks and reverse repurchase agreements | 7,287 | 5,660 | 4,453 |
Ending balance, allowance for expected credit losses | 0 | 4 | |
Net carrying amount | 7,287 | 5,656 | |
The Bank | Stage 2 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
The Bank | Stage 2 | Stage 1 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (14) | (49) | |
The Bank | Stage 2 | Stage 2 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 61 | 66 | |
The Bank | Stage 2 | Stage 3 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (47) | (17) | |
The Bank | Stage 1 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
The Bank | Stage 1 | Stage 1 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 273 | 73 | |
The Bank | Stage 1 | Stage 2 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (267) | (72) | |
The Bank | Stage 1 | Stage 3 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (6) | (1) | |
The Bank | Stage 3 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
The Bank | Stage 3 | Stage 1 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (7) | (10) | |
The Bank | Stage 3 | Stage 2 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (89) | (59) | |
The Bank | Stage 3 | Stage 3 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 96 | 69 | |
The Bank | Impact of transfers between stages | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (119) | 602 | |
The Bank | Impact of transfers between stages | Stage 1 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (224) | (49) | |
The Bank | Impact of transfers between stages | Stage 2 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 43 | 340 | |
The Bank | Impact of transfers between stages | Stage 3 | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 62 | 311 | |
The Bank | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, debt securities | 4,316 | 5,241 | |
Beginning balance, allowance for expected credit losses | 1 | ||
Exchange and other adjustments | 12 | (16) | |
Additions and repayments | (572) | (909) | |
Ending balance, allowance for expected credit losses | 0 | 1 | |
Ending balance, debt securities | 3,756 | 4,316 | 5,241 |
Net carrying amount | 3,756 | 4,315 | |
The Bank | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to customers and reverse repurchase agreements | 180,550 | 178,742 | |
Beginning balance, allowance for expected credit losses | 2,281 | ||
Exchange and other adjustments | (168) | (181) | |
Additions and repayments | (15,336) | 2,611 | |
Impact of transfers between stages | 0 | 0 | |
Advances written off | (490) | (708) | |
Recoveries of advances written off in previous years | 48 | 86 | |
Ending balance, allowance for expected credit losses | 1,176 | 2,281 | |
Ending balance, loans and advances to customers and reverse repurchase agreements | 164,604 | 180,550 | 178,742 |
Net carrying amount | 163,428 | 178,269 | |
The Bank | Loans and advances to customers and reverse repurchase agreements | Stage 1 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | 0 | 0 | |
The Bank | Loans and advances to customers and reverse repurchase agreements | Stage 2 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 0 | 0 | |
The Bank | Loans and advances to customers and reverse repurchase agreements | Stage 3 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | 0 | 0 | |
Stage 1 | The Group | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 104 | ||
Beginning balance, retail mortgages | 251,418 | 257,043 | |
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 19,179 | 8,619 | |
Impact of transfers between stages | 3,032 | (14,244) | |
Ending balance, allowance for expected credit losses | 48 | 104 | |
Ending balance, retail mortgages | 273,629 | 251,418 | 257,043 |
Net carrying amount | 273,581 | 251,314 | |
Stage 1 | The Group | Stage 1 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | 10,109 | 2,418 | |
Stage 1 | The Group | Stage 2 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | (6,930) | (16,463) | |
Stage 1 | The Group | Stage 3 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | (147) | (199) | |
Stage 1 | The Group | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to banks and reverse repurchase agreements | 5,954 | 4,852 | |
Beginning balance, allowance for expected credit losses | 4 | ||
Exchange and other adjustments | 15 | (25) | |
Additions and repayments | 1,505 | 1,127 | |
Ending balance, loans and advances to banks and reverse repurchase agreements | 7,474 | 5,954 | 4,852 |
Ending balance, allowance for expected credit losses | 0 | 4 | |
Net carrying amount | 7,474 | 5,950 | |
Stage 1 | The Group | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, debt securities | 5,137 | 5,325 | |
Beginning balance, allowance for expected credit losses | 0 | ||
Exchange and other adjustments | (20) | (17) | |
Additions and repayments | (557) | (171) | |
Impact of transfers between stages | (6) | ||
Ending balance, allowance for expected credit losses | 1 | 0 | |
Ending balance, debt securities | 4,554 | 5,137 | 5,325 |
Net carrying amount | 4,553 | 5,137 | |
Stage 1 | The Group | Debt securities | Stage 2 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | (6) | ||
Stage 1 | The Group | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to customers and reverse repurchase agreements | 415,608 | 429,767 | |
Beginning balance, allowance for expected credit losses | 1,347 | ||
Exchange and other adjustments | (2,506) | 1,013 | |
Additions and repayments | 10,181 | 9,989 | |
Impact of transfers between stages | 5,795 | (25,161) | |
Ending balance, allowance for expected credit losses | 909 | 1,347 | |
Ending balance, loans and advances to customers and reverse repurchase agreements | 429,078 | 415,608 | 429,767 |
Net carrying amount | 428,169 | 414,261 | |
Stage 1 | The Group | Loans and advances to customers and reverse repurchase agreements | Stage 1 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | 18,662 | 4,970 | |
Stage 1 | The Group | Loans and advances to customers and reverse repurchase agreements | Stage 2 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | (11,995) | (28,516) | |
Stage 1 | The Group | Loans and advances to customers and reverse repurchase agreements | Stage 3 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | (872) | (1,615) | |
Stage 1 | The Bank | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to banks and reverse repurchase agreements | 5,660 | 4,453 | |
Beginning balance, allowance for expected credit losses | 4 | ||
Exchange and other adjustments | 20 | (19) | |
Other changes in credit quality | 0 | ||
Additions and repayments | 1,607 | 1,226 | |
Ending balance, loans and advances to banks and reverse repurchase agreements | 7,287 | 5,660 | 4,453 |
Ending balance, allowance for expected credit losses | 0 | 4 | |
Net carrying amount | 7,287 | 5,656 | |
Stage 1 | The Bank | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, debt securities | 4,316 | 5,241 | |
Beginning balance, allowance for expected credit losses | 1 | ||
Exchange and other adjustments | 12 | (16) | |
Additions and repayments | (572) | (909) | |
Ending balance, allowance for expected credit losses | 0 | 1 | |
Ending balance, debt securities | 3,756 | 4,316 | 5,241 |
Net carrying amount | 3,756 | 4,315 | |
Stage 1 | The Bank | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to customers and reverse repurchase agreements | 156,189 | 165,676 | |
Beginning balance, allowance for expected credit losses | 589 | ||
Exchange and other adjustments | (111) | 40 | |
Additions and repayments | (9,881) | 1,231 | |
Impact of transfers between stages | 3,625 | (10,758) | |
Ending balance, allowance for expected credit losses | 358 | 589 | |
Ending balance, loans and advances to customers and reverse repurchase agreements | 149,822 | 156,189 | 165,676 |
Net carrying amount | 149,464 | 155,600 | |
Stage 1 | The Bank | Loans and advances to customers and reverse repurchase agreements | Stage 1 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | 8,555 | 1,974 | |
Stage 1 | The Bank | Loans and advances to customers and reverse repurchase agreements | Stage 2 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | (4,514) | (11,777) | |
Stage 1 | The Bank | Loans and advances to customers and reverse repurchase agreements | Stage 3 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | (416) | (955) | |
Stage 2 | The Group | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 468 | ||
Beginning balance, retail mortgages | 29,018 | 16,935 | |
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | (3,598) | (1,411) | |
Impact of transfers between stages | (3,622) | 13,494 | |
Ending balance, allowance for expected credit losses | 394 | 468 | |
Ending balance, retail mortgages | 21,798 | 29,018 | 16,935 |
Net carrying amount | 21,404 | 28,550 | |
Stage 2 | The Group | Stage 1 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | (10,105) | (2,414) | |
Stage 2 | The Group | Stage 2 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 7,425 | 16,882 | |
Stage 2 | The Group | Stage 3 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | (942) | (974) | |
Stage 2 | The Group | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
Beginning balance, allowance for expected credit losses | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Ending balance, loans and advances to banks and reverse repurchase agreements | 0 | 0 | 0 |
Ending balance, allowance for expected credit losses | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Stage 2 | The Group | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, debt securities | 0 | 0 | |
Beginning balance, allowance for expected credit losses | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 3 | 0 | |
Impact of transfers between stages | 6 | ||
Ending balance, allowance for expected credit losses | 0 | 0 | |
Ending balance, debt securities | 9 | 0 | 0 |
Net carrying amount | 9 | 0 | |
Stage 2 | The Group | Debt securities | Stage 2 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 6 | ||
Stage 2 | The Group | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to customers and reverse repurchase agreements | 51,280 | 28,505 | |
Beginning balance, allowance for expected credit losses | 2,125 | ||
Exchange and other adjustments | (31) | 24 | |
Additions and repayments | (8,633) | 578 | |
Impact of transfers between stages | (7,732) | 22,173 | |
Ending balance, allowance for expected credit losses | 1,112 | 2,125 | |
Ending balance, loans and advances to customers and reverse repurchase agreements | 34,884 | 51,280 | 28,505 |
Net carrying amount | 33,772 | 49,155 | |
Stage 2 | The Group | Loans and advances to customers and reverse repurchase agreements | Stage 1 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | (18,623) | (4,954) | |
Stage 2 | The Group | Loans and advances to customers and reverse repurchase agreements | Stage 2 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 12,709 | 29,128 | |
Stage 2 | The Group | Loans and advances to customers and reverse repurchase agreements | Stage 3 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | (1,818) | (2,001) | |
Stage 2 | The Bank | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
Beginning balance, allowance for expected credit losses | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Other changes in credit quality | 0 | ||
Additions and repayments | 0 | 0 | |
Ending balance, loans and advances to banks and reverse repurchase agreements | 0 | 0 | 0 |
Ending balance, allowance for expected credit losses | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Stage 2 | The Bank | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, debt securities | 0 | 0 | |
Beginning balance, allowance for expected credit losses | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Ending balance, allowance for expected credit losses | 0 | 0 | |
Ending balance, debt securities | 0 | 0 | 0 |
Net carrying amount | 0 | 0 | |
Stage 2 | The Bank | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to customers and reverse repurchase agreements | 21,494 | 10,681 | |
Beginning balance, allowance for expected credit losses | 974 | ||
Exchange and other adjustments | (12) | (1) | |
Additions and repayments | (5,052) | 1,592 | |
Impact of transfers between stages | (4,346) | 9,222 | |
Ending balance, allowance for expected credit losses | 404 | 974 | |
Ending balance, loans and advances to customers and reverse repurchase agreements | 12,084 | 21,494 | 10,681 |
Net carrying amount | 11,680 | 20,520 | |
Stage 2 | The Bank | Loans and advances to customers and reverse repurchase agreements | Stage 1 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | (8,529) | (1,967) | |
Stage 2 | The Bank | Loans and advances to customers and reverse repurchase agreements | Stage 2 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 4,834 | 12,089 | |
Stage 2 | The Bank | Loans and advances to customers and reverse repurchase agreements | Stage 3 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | (651) | (900) | |
Stage 3 | The Group | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 191 | ||
Beginning balance, retail mortgages | 1,859 | 1,506 | |
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | (490) | (375) | |
Impact of transfers between stages | 590 | 750 | |
Advances written off | (28) | (37) | |
Recoveries of advances written off in previous years | 9 | 15 | |
Ending balance, allowance for expected credit losses | 184 | 191 | |
Ending balance, retail mortgages | 1,940 | 1,859 | 1,506 |
Net carrying amount | 1,756 | 1,668 | |
Stage 3 | The Group | Stage 1 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | (4) | (4) | |
Stage 3 | The Group | Stage 2 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | (495) | (419) | |
Stage 3 | The Group | Stage 3 | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | 1,089 | 1,173 | |
Stage 3 | The Group | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
Beginning balance, allowance for expected credit losses | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Ending balance, loans and advances to banks and reverse repurchase agreements | 0 | 0 | 0 |
Ending balance, allowance for expected credit losses | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Stage 3 | The Group | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, debt securities | 1 | 1 | |
Beginning balance, allowance for expected credit losses | 1 | ||
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Impact of transfers between stages | 0 | ||
Ending balance, allowance for expected credit losses | 1 | 1 | |
Ending balance, debt securities | 1 | 1 | 1 |
Net carrying amount | 0 | 0 | |
Stage 3 | The Group | Debt securities | Stage 2 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 0 | ||
Stage 3 | The Group | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to customers and reverse repurchase agreements | 6,443 | 5,647 | |
Beginning balance, allowance for expected credit losses | 1,968 | ||
Exchange and other adjustments | (82) | (198) | |
Additions and repayments | (994) | (754) | |
Impact of transfers between stages | 1,937 | 2,988 | |
Advances written off | (1,057) | (1,490) | |
Recoveries of advances written off in previous years | 159 | 250 | |
Ending balance, allowance for expected credit losses | 1,573 | 1,968 | |
Ending balance, loans and advances to customers and reverse repurchase agreements | 6,406 | 6,443 | 5,647 |
Net carrying amount | 4,833 | 4,475 | |
Stage 3 | The Group | Loans and advances to customers and reverse repurchase agreements | Stage 1 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | (39) | (16) | |
Stage 3 | The Group | Loans and advances to customers and reverse repurchase agreements | Stage 2 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | (714) | (612) | |
Stage 3 | The Group | Loans and advances to customers and reverse repurchase agreements | Stage 3 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | 2,690 | 3,616 | |
Stage 3 | The Bank | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
Beginning balance, allowance for expected credit losses | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Other changes in credit quality | 0 | ||
Additions and repayments | 0 | 0 | |
Ending balance, loans and advances to banks and reverse repurchase agreements | 0 | 0 | 0 |
Ending balance, allowance for expected credit losses | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Stage 3 | The Bank | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, debt securities | 0 | 0 | |
Beginning balance, allowance for expected credit losses | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Ending balance, allowance for expected credit losses | 0 | 0 | |
Ending balance, debt securities | 0 | 0 | 0 |
Net carrying amount | 0 | 0 | |
Stage 3 | The Bank | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to customers and reverse repurchase agreements | 2,867 | 2,385 | |
Beginning balance, allowance for expected credit losses | 718 | ||
Exchange and other adjustments | (45) | (220) | |
Additions and repayments | (403) | (212) | |
Impact of transfers between stages | 721 | 1,536 | |
Advances written off | (490) | (708) | |
Recoveries of advances written off in previous years | 48 | 86 | |
Ending balance, allowance for expected credit losses | 414 | 718 | |
Ending balance, loans and advances to customers and reverse repurchase agreements | 2,698 | 2,867 | 2,385 |
Net carrying amount | 2,284 | 2,149 | |
Stage 3 | The Bank | Loans and advances to customers and reverse repurchase agreements | Stage 1 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | (26) | (7) | |
Stage 3 | The Bank | Loans and advances to customers and reverse repurchase agreements | Stage 2 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | (320) | (312) | |
Stage 3 | The Bank | Loans and advances to customers and reverse repurchase agreements | Stage 3 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | 1,067 | 1,855 | |
POCI | The Group | Retail - UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 261 | ||
Beginning balance, retail mortgages | 12,511 | 13,714 | |
Exchange and other adjustments | 68 | (8) | |
Additions and repayments | (1,565) | (1,156) | |
Advances written off | (37) | (39) | |
Recoveries of advances written off in previous years | 0 | 0 | |
Ending balance, allowance for expected credit losses | 210 | 261 | |
Ending balance, retail mortgages | 10,977 | 12,511 | 13,714 |
Net carrying amount | 10,767 | 12,250 | |
POCI | The Group | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
Beginning balance, allowance for expected credit losses | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Ending balance, loans and advances to banks and reverse repurchase agreements | 0 | 0 | 0 |
Ending balance, allowance for expected credit losses | 0 | 0 | |
Net carrying amount | 0 | 0 | |
POCI | The Group | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, debt securities | 0 | 0 | |
Beginning balance, allowance for expected credit losses | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Ending balance, allowance for expected credit losses | 0 | 0 | |
Ending balance, debt securities | 0 | 0 | 0 |
Net carrying amount | 0 | 0 | |
POCI | The Group | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to customers and reverse repurchase agreements | 12,511 | 13,714 | |
Beginning balance, allowance for expected credit losses | 261 | ||
Exchange and other adjustments | 68 | (8) | |
Additions and repayments | (1,565) | (1,156) | |
Advances written off | (37) | (39) | |
Recoveries of advances written off in previous years | 0 | 0 | |
Ending balance, allowance for expected credit losses | 210 | 261 | |
Ending balance, loans and advances to customers and reverse repurchase agreements | 10,977 | 12,511 | 13,714 |
Net carrying amount | 10,767 | 12,250 | |
Due from fellow Lloyds Banking Group undertakings | The Group | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 0 | ||
Ending balance, allowance for expected credit losses | 0 | 0 | |
Due from fellow Lloyds Banking Group undertakings | 739 | 738 | |
Net carrying amount | 739 | 738 | |
Due from fellow Lloyds Banking Group undertakings | The Group | Stage 1 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 0 | ||
Ending balance, allowance for expected credit losses | 0 | 0 | |
Due from fellow Lloyds Banking Group undertakings | 739 | 738 | |
Net carrying amount | 739 | 738 | |
Due from fellow Lloyds Banking Group undertakings | The Group | Stage 2 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 0 | ||
Ending balance, allowance for expected credit losses | 0 | 0 | |
Due from fellow Lloyds Banking Group undertakings | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Due from fellow Lloyds Banking Group undertakings | The Group | Stage 3 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 0 | ||
Ending balance, allowance for expected credit losses | 0 | 0 | |
Due from fellow Lloyds Banking Group undertakings | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Due from fellow Lloyds Banking Group undertakings | The Group | POCI | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 0 | ||
Ending balance, allowance for expected credit losses | 0 | 0 | |
Due from fellow Lloyds Banking Group undertakings | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Due from fellow Lloyds Banking Group undertakings | The Bank | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 27 | ||
Ending balance, allowance for expected credit losses | 21 | 27 | |
Due from fellow Lloyds Banking Group undertakings | 108,445 | 128,798 | |
Net carrying amount | 108,424 | 128,771 | |
Due from fellow Lloyds Banking Group undertakings | The Bank | Stage 1 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 20 | ||
Ending balance, allowance for expected credit losses | 21 | 20 | |
Due from fellow Lloyds Banking Group undertakings | 108,445 | 128,791 | |
Net carrying amount | 108,424 | 128,771 | |
Due from fellow Lloyds Banking Group undertakings | The Bank | Stage 2 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 0 | ||
Ending balance, allowance for expected credit losses | 0 | 0 | |
Due from fellow Lloyds Banking Group undertakings | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Due from fellow Lloyds Banking Group undertakings | The Bank | Stage 3 | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 7 | ||
Ending balance, allowance for expected credit losses | 0 | 7 | |
Due from fellow Lloyds Banking Group undertakings | 0 | 7 | |
Net carrying amount | 0 | 0 | |
Retail - UK mortgages | The Group | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, allowance for expected credit losses | 1,024 | ||
Beginning balance, retail mortgages | 294,806 | 289,198 | |
Exchange and other adjustments | 68 | (8) | |
Additions and repayments | 13,526 | 5,677 | |
Advances written off | (65) | (76) | |
Recoveries of advances written off in previous years | 9 | 15 | |
Ending balance, allowance for expected credit losses | 836 | 1,024 | |
Ending balance, retail mortgages | 308,344 | 294,806 | £ 289,198 |
Net carrying amount | £ 307,508 | £ 293,782 |
FINANCIAL ASSETS AT AMORTISED_4
FINANCIAL ASSETS AT AMORTISED COST - Narrative (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | |
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | £ 4,000 | £ 6,132 | |
The Group | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Loans and advances to customers | [1] | 430,829 | 425,694 |
Loans and advances to banks | [1] | 4,478 | 4,324 |
The Group | 1 year or over original maturity | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Loans and advances to customers | 384,766 | 385,517 | |
Loans and advances to banks | 2,186 | 1,082 | |
Debt securities | 3,042 | 5,110 | |
The Bank | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Loans and advances to customers | [1] | 116,716 | 123,822 |
Loans and advances to banks | [1] | 4,291 | 4,030 |
The Bank | 1 year or over original maturity | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Loans and advances to customers | 92,907 | 105,738 | |
Loans and advances to banks | 2,142 | 1,024 | |
Debt securities | 2,541 | 4,300 | |
Residual value and voluntary terminations | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Allowance account for credit losses of financial assets | £ 95 | £ 192 | |
[1] | ee note 1 regarding change to presentation. |
FINANCIAL ASSETS AT AMORTISED_5
FINANCIAL ASSETS AT AMORTISED COST - Schedule of Undrawn Balances (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | |||
Beginning balance, allowance for expected credit losses | £ 6,132 | ||
Ending balance, allowance for expected credit losses | 4,000 | £ 6,132 | |
The Group | |||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | |||
Impact of transfers between stages | (61) | 1,456 | £ 604 |
Other items credited to the income statement | (5) | 25 | (2) |
The Group | Undrawn balances | |||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | |||
Beginning balance, allowance for expected credit losses | 426 | 173 | |
Exchange and other adjustments | (1) | 0 | |
Transfers to Stage 1 | 0 | 0 | |
Transfers to Stage 2 | 0 | 0 | |
Transfers to Stage 3 | 0 | 0 | |
Impact of transfers between stages | (49) | 90 | |
Transfer between stages | (49) | 90 | |
Other items credited to the income statement | (182) | 163 | |
Charge to the income statement | 253 | ||
Credit to the income statement | (231) | ||
Ending balance, allowance for expected credit losses | 194 | 426 | 173 |
The Bank | Undrawn balances | |||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | |||
Beginning balance, allowance for expected credit losses | 245 | 90 | |
Exchange and other adjustments | 3 | 0 | |
Transfers to Stage 1 | 0 | 0 | |
Transfers to Stage 2 | 0 | 0 | |
Transfers to Stage 3 | 0 | 0 | |
Impact of transfers between stages | (34) | 53 | |
Transfer between stages | (34) | 53 | |
Other items credited to the income statement | (100) | 102 | |
Charge to the income statement | 155 | ||
Credit to the income statement | (134) | ||
Ending balance, allowance for expected credit losses | 114 | 245 | 90 |
Stage 1 | The Group | Undrawn balances | |||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | |||
Beginning balance, allowance for expected credit losses | 191 | 91 | |
Exchange and other adjustments | 1 | 0 | |
Transfers to Stage 1 | 73 | 19 | |
Transfers to Stage 2 | (8) | (10) | |
Transfers to Stage 3 | (1) | (1) | |
Impact of transfers between stages | (65) | (10) | |
Transfer between stages | (1) | (2) | |
Other items credited to the income statement | (88) | 102 | |
Charge to the income statement | 100 | ||
Credit to the income statement | (89) | ||
Ending balance, allowance for expected credit losses | 103 | 191 | 91 |
Stage 1 | The Bank | Undrawn balances | |||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | |||
Beginning balance, allowance for expected credit losses | 102 | 44 | |
Exchange and other adjustments | 0 | 0 | |
Transfers to Stage 1 | 46 | 9 | |
Transfers to Stage 2 | (4) | (5) | |
Transfers to Stage 3 | (1) | 0 | |
Impact of transfers between stages | (41) | (5) | |
Transfer between stages | 0 | (1) | |
Other items credited to the income statement | (45) | 59 | |
Charge to the income statement | 58 | ||
Credit to the income statement | (45) | ||
Ending balance, allowance for expected credit losses | 57 | 102 | 44 |
Stage 2 | The Group | Undrawn balances | |||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | |||
Beginning balance, allowance for expected credit losses | 221 | 77 | |
Exchange and other adjustments | (2) | 0 | |
Transfers to Stage 1 | (73) | (19) | |
Transfers to Stage 2 | 8 | 10 | |
Transfers to Stage 3 | (6) | (6) | |
Impact of transfers between stages | 20 | 90 | |
Transfer between stages | (51) | 75 | |
Other items credited to the income statement | (82) | 69 | |
Charge to the income statement | 144 | ||
Credit to the income statement | (133) | ||
Ending balance, allowance for expected credit losses | 86 | 221 | 77 |
Stage 2 | The Bank | Undrawn balances | |||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | |||
Beginning balance, allowance for expected credit losses | 135 | 42 | |
Exchange and other adjustments | 3 | 0 | |
Transfers to Stage 1 | (46) | (9) | |
Transfers to Stage 2 | 4 | 5 | |
Transfers to Stage 3 | (3) | (3) | |
Impact of transfers between stages | 9 | 58 | |
Transfer between stages | (36) | 51 | |
Other items credited to the income statement | (49) | 42 | |
Charge to the income statement | 93 | ||
Credit to the income statement | (85) | ||
Ending balance, allowance for expected credit losses | 53 | 135 | 42 |
Stage 3 | The Group | Undrawn balances | |||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | |||
Beginning balance, allowance for expected credit losses | 14 | 5 | |
Exchange and other adjustments | 0 | 0 | |
Transfers to Stage 1 | 0 | 0 | |
Transfers to Stage 2 | 0 | 0 | |
Transfers to Stage 3 | 7 | 7 | |
Impact of transfers between stages | (4) | 10 | |
Transfer between stages | 3 | 17 | |
Other items credited to the income statement | (12) | (8) | |
Charge to the income statement | 9 | ||
Credit to the income statement | (9) | ||
Ending balance, allowance for expected credit losses | 5 | 14 | 5 |
Stage 3 | The Bank | Undrawn balances | |||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | |||
Beginning balance, allowance for expected credit losses | 8 | 4 | |
Exchange and other adjustments | 0 | 0 | |
Transfers to Stage 1 | 0 | 0 | |
Transfers to Stage 2 | 0 | 0 | |
Transfers to Stage 3 | 4 | 3 | |
Impact of transfers between stages | (2) | 0 | |
Transfer between stages | 2 | 3 | |
Other items credited to the income statement | (6) | 1 | |
Charge to the income statement | 4 | ||
Credit to the income statement | (4) | ||
Ending balance, allowance for expected credit losses | 4 | 8 | 4 |
POCI | The Group | Undrawn balances | |||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | |||
Beginning balance, allowance for expected credit losses | 0 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Other items credited to the income statement | 0 | 0 | |
Charge to the income statement | 0 | ||
Credit to the income statement | 0 | ||
Ending balance, allowance for expected credit losses | £ 0 | £ 0 | £ 0 |
FINANCIAL ASSETS AT AMORTISED_6
FINANCIAL ASSETS AT AMORTISED COST - Total Impairment (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | £ 4,000 | £ 6,132 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 3 | 0 |
The Group | Loans and advances to banks and reverse repurchase agreements | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 4 |
The Group | Loans and advances to customers and reverse repurchase agreements | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 3,804 | 5,701 |
The Group | Debt securities | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 2 | 1 |
The Group | Due from fellow Lloyds Banking Group undertakings | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
The Group | Financial assets at amortised cost | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 3,806 | 5,706 |
The Group | Provisions in relation to loan commitments and financial guarantees | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 194 | 426 |
The Bank | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1,311 | 2,558 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 2 | 0 |
The Bank | Loans and advances to banks and reverse repurchase agreements | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 4 |
The Bank | Loans and advances to customers and reverse repurchase agreements | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1,176 | 2,281 |
The Bank | Debt securities | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 1 |
The Bank | Due from fellow Lloyds Banking Group undertakings | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 21 | 27 |
The Bank | Financial assets at amortised cost | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1,197 | 2,313 |
The Bank | Provisions in relation to loan commitments and financial guarantees | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 114 | 245 |
Stage 1 | The Group | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1,013 | 1,542 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 3 | 0 |
Stage 1 | The Group | Loans and advances to banks and reverse repurchase agreements | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 4 |
Stage 1 | The Group | Loans and advances to customers and reverse repurchase agreements | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 909 | 1,347 |
Stage 1 | The Group | Debt securities | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1 | 0 |
Stage 1 | The Group | Due from fellow Lloyds Banking Group undertakings | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
Stage 1 | The Group | Financial assets at amortised cost | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 910 | 1,351 |
Stage 1 | The Group | Provisions in relation to loan commitments and financial guarantees | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 103 | 191 |
Stage 1 | The Bank | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 436 | 716 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 2 | 0 |
Stage 1 | The Bank | Loans and advances to banks and reverse repurchase agreements | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 4 |
Stage 1 | The Bank | Loans and advances to customers and reverse repurchase agreements | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 358 | 589 |
Stage 1 | The Bank | Debt securities | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 1 |
Stage 1 | The Bank | Due from fellow Lloyds Banking Group undertakings | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 21 | 20 |
Stage 1 | The Bank | Financial assets at amortised cost | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 379 | 614 |
Stage 1 | The Bank | Provisions in relation to loan commitments and financial guarantees | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 57 | 102 |
Stage 2 | The Group | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1,198 | 2,346 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 0 | 0 |
Stage 2 | The Group | Loans and advances to banks and reverse repurchase agreements | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
Stage 2 | The Group | Loans and advances to customers and reverse repurchase agreements | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1,112 | 2,125 |
Stage 2 | The Group | Debt securities | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
Stage 2 | The Group | Due from fellow Lloyds Banking Group undertakings | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
Stage 2 | The Group | Financial assets at amortised cost | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1,112 | 2,125 |
Stage 2 | The Group | Provisions in relation to loan commitments and financial guarantees | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 86 | 221 |
Stage 2 | The Bank | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 457 | 1,109 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 0 | 0 |
Stage 2 | The Bank | Loans and advances to banks and reverse repurchase agreements | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
Stage 2 | The Bank | Loans and advances to customers and reverse repurchase agreements | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 404 | 974 |
Stage 2 | The Bank | Debt securities | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
Stage 2 | The Bank | Due from fellow Lloyds Banking Group undertakings | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
Stage 2 | The Bank | Financial assets at amortised cost | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 404 | 974 |
Stage 2 | The Bank | Provisions in relation to loan commitments and financial guarantees | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 53 | 135 |
Stage 3 | The Group | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1,579 | 1,983 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 0 | 0 |
Stage 3 | The Group | Loans and advances to banks and reverse repurchase agreements | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
Stage 3 | The Group | Loans and advances to customers and reverse repurchase agreements | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1,573 | 1,968 |
Stage 3 | The Group | Debt securities | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1 | 1 |
Stage 3 | The Group | Due from fellow Lloyds Banking Group undertakings | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
Stage 3 | The Group | Financial assets at amortised cost | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1,574 | 1,969 |
Stage 3 | The Group | Provisions in relation to loan commitments and financial guarantees | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 5 | 14 |
Stage 3 | The Bank | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 418 | 733 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 0 | 0 |
Stage 3 | The Bank | Loans and advances to banks and reverse repurchase agreements | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
Stage 3 | The Bank | Loans and advances to customers and reverse repurchase agreements | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 414 | 718 |
Stage 3 | The Bank | Debt securities | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
Stage 3 | The Bank | Due from fellow Lloyds Banking Group undertakings | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 7 |
Stage 3 | The Bank | Financial assets at amortised cost | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 414 | 725 |
Stage 3 | The Bank | Provisions in relation to loan commitments and financial guarantees | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 4 | 8 |
POCI | The Group | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 210 | 261 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 0 | 0 |
POCI | The Group | Loans and advances to banks and reverse repurchase agreements | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
POCI | The Group | Loans and advances to customers and reverse repurchase agreements | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 210 | 261 |
POCI | The Group | Debt securities | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
POCI | The Group | Due from fellow Lloyds Banking Group undertakings | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
POCI | The Group | Financial assets at amortised cost | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 210 | 261 |
POCI | The Group | Provisions in relation to loan commitments and financial guarantees | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | £ 0 | £ 0 |
FINANCE LEASE RECEIVABLES - Sch
FINANCE LEASE RECEIVABLES - Schedule of Lease Receivable Balances (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Gross investment in finance leases, receivable | £ 1,002 | £ 1,503 |
Unearned future finance income on finance leases | (147) | (440) |
Rentals received in advance | (12) | (16) |
Net investment in finance leases | 843 | 1,047 |
The Group | Not later than 1 year | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Gross investment in finance leases, receivable | 339 | 308 |
Net investment in finance leases | 280 | 237 |
The Group | Later than 1 year and not later than 2 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Gross investment in finance leases, receivable | 135 | 180 |
Net investment in finance leases | 108 | 135 |
The Group | Later than 2 years and not later than 3 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Gross investment in finance leases, receivable | 222 | 143 |
Net investment in finance leases | 198 | 104 |
The Group | Later than 3 years and not later than 4 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Gross investment in finance leases, receivable | 110 | 191 |
Net investment in finance leases | 94 | 159 |
The Group | Later than 4 years and not later than 5 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Gross investment in finance leases, receivable | 46 | 110 |
Net investment in finance leases | 35 | 86 |
The Group | Over 5 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Gross investment in finance leases, receivable | 150 | 571 |
Net investment in finance leases | 128 | 326 |
The Bank | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Gross investment in finance leases, receivable | 20 | 31 |
Unearned future finance income on finance leases | 0 | 0 |
Rentals received in advance | 0 | (1) |
Net investment in finance leases | 20 | 30 |
The Bank | Not later than 1 year | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Gross investment in finance leases, receivable | 3 | 18 |
Net investment in finance leases | 3 | 17 |
The Bank | Later than 1 year and not later than 2 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Gross investment in finance leases, receivable | 2 | 2 |
Net investment in finance leases | 2 | 2 |
The Bank | Later than 2 years and not later than 3 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Gross investment in finance leases, receivable | 15 | 2 |
Net investment in finance leases | 15 | 2 |
The Bank | Later than 3 years and not later than 4 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Gross investment in finance leases, receivable | 0 | 7 |
Net investment in finance leases | 0 | 7 |
The Bank | Later than 4 years and not later than 5 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Gross investment in finance leases, receivable | 0 | 2 |
Net investment in finance leases | 0 | 2 |
The Bank | Over 5 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Gross investment in finance leases, receivable | 0 | 0 |
Net investment in finance leases | £ 0 | £ 0 |
FINANCE LEASE RECEIVABLES - S_2
FINANCE LEASE RECEIVABLES - Schedule of Lease Receivable Net Investment (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Net Investment [Line Items] | ||
Net investment in finance leases | £ 843 | £ 1,047 |
The Group | Not later than 1 year | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Net Investment [Line Items] | ||
Net investment in finance leases | 280 | 237 |
The Group | Later than 1 year and not later than 2 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Net Investment [Line Items] | ||
Net investment in finance leases | 108 | 135 |
The Group | Later than 2 years and not later than 3 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Net Investment [Line Items] | ||
Net investment in finance leases | 198 | 104 |
The Group | Later than 3 years and not later than 4 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Net Investment [Line Items] | ||
Net investment in finance leases | 94 | 159 |
The Group | Later than 4 years and not later than 5 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Net Investment [Line Items] | ||
Net investment in finance leases | 35 | 86 |
The Group | Later than 5 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Net Investment [Line Items] | ||
Net investment in finance leases | 128 | 326 |
The Bank | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Net Investment [Line Items] | ||
Net investment in finance leases | 20 | 30 |
The Bank | Not later than 1 year | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Net Investment [Line Items] | ||
Net investment in finance leases | 3 | 17 |
The Bank | Later than 1 year and not later than 2 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Net Investment [Line Items] | ||
Net investment in finance leases | 2 | 2 |
The Bank | Later than 2 years and not later than 3 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Net Investment [Line Items] | ||
Net investment in finance leases | 15 | 2 |
The Bank | Later than 3 years and not later than 4 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Net Investment [Line Items] | ||
Net investment in finance leases | 0 | 7 |
The Bank | Later than 4 years and not later than 5 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Net Investment [Line Items] | ||
Net investment in finance leases | 0 | 2 |
The Bank | Later than 5 years | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Net Investment [Line Items] | ||
Net investment in finance leases | £ 0 | £ 0 |
FINANCE LEASE RECEIVABLES - Nar
FINANCE LEASE RECEIVABLES - Narrative (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
FINANCE LEASE RECEIVABLES (Details) - Narrative [Line Items] | ||
Allowance for uncollectable finance lease receivables | £ 18 | £ 22 |
FINANCIAL ASSETS AT FAIR VALU_7
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME - Schedule of Financial Assets At Fair Value Through Other Comprehensive Income (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
Debt Securities | ||
Net carrying amount | £ 4,562 | £ 5,137 |
Total financial assets at fair value through other comprehensive income | 27,786 | 27,260 |
The Group | Financial assets at fair value through other comprehensive income | ||
Debt Securities | ||
Government securities | 14,599 | 14,267 |
Asset-backed securities | 55 | 65 |
Corporate and other debt securities | 13,131 | 12,928 |
Net carrying amount | 27,785 | 27,260 |
Equity shares | 1 | 0 |
Total financial assets at fair value through other comprehensive income | 27,786 | 27,260 |
The Bank | ||
Debt Securities | ||
Net carrying amount | 3,756 | 4,315 |
Total financial assets at fair value through other comprehensive income | 25,529 | 24,647 |
The Bank | Financial assets at fair value through other comprehensive income | ||
Debt Securities | ||
Government securities | 14,445 | 14,114 |
Asset-backed securities | 0 | 0 |
Corporate and other debt securities | 11,084 | 10,533 |
Net carrying amount | 25,529 | 24,647 |
Equity shares | 0 | 0 |
Total financial assets at fair value through other comprehensive income | £ 25,529 | £ 24,647 |
FINANCIAL ASSETS AT FAIR VALU_8
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME - Narrative (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (Details) - Narrative [Line Items] | ||
Financial assets at fair value through other comprehensive income with maturities greater than one year | £ 24,947 | £ 25,826 |
The Bank | ||
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (Details) - Narrative [Line Items] | ||
Financial assets at fair value through other comprehensive income with maturities greater than one year | £ 23,081 | £ 23,494 |
GOODWILL OF THE GROUP - Schedul
GOODWILL OF THE GROUP - Schedule of Goodwill (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
GOODWILL OF THE GROUP (Details) - Schedule of Goodwill [Line Items] | ||
Impairment charged to the income statement | £ (4) | |
The Group | ||
GOODWILL OF THE GROUP (Details) - Schedule of Goodwill [Line Items] | ||
At 1 January | 470 | £ 474 |
Impairment charged to the income statement | 0 | (4) |
Cost | 814 | 814 |
Accumulated impairment losses | (344) | (344) |
At 31 December | £ 470 | £ 470 |
GOODWILL OF THE GROUP - Narrati
GOODWILL OF THE GROUP - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
GOODWILL OF THE GROUP (Details) - Narrative [Line Items] | |||
Impairment charged to the income statement | £ 4 | ||
The Group | |||
GOODWILL OF THE GROUP (Details) - Narrative [Line Items] | |||
Goodwill | 470 | £ 470 | £ 474 |
Impairment charged to the income statement | 0 | 4 | |
The Group | Cards | |||
GOODWILL OF THE GROUP (Details) - Narrative [Line Items] | |||
Goodwill | £ 302 | £ 302 | |
Percentage of entity goodwill (in percent) | 64.00% | 64.00% | |
Discount rate applied to cash flow projections (in percent) | 10.25% | ||
Growth rate used to extrapolate cash flow projections (in percent) | 3.50% | ||
The Group | Motor finance | |||
GOODWILL OF THE GROUP (Details) - Narrative [Line Items] | |||
Goodwill | £ 166 | £ 166 | |
Percentage of entity goodwill (in percent) | 35.00% | 35.00% | |
Discount rate applied to cash flow projections (in percent) | 10.25% | ||
Growth rate used to extrapolate cash flow projections (in percent) | 3.50% |
OTHER INTANGIBLE ASSETS - Sched
OTHER INTANGIBLE ASSETS - Schedule of Other Intangible Assets (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | £ 4,112 | |
At 31 December | 4,144 | £ 4,112 |
Cost | The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 10,261 | 9,332 |
Additions | 986 | 984 |
Disposals and write-offs | (460) | (55) |
At 31 December | 10,787 | 10,261 |
Accumulated amortisation | The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 6,149 | 5,551 |
Charge for the year (note 9) | 954 | 653 |
Disposals and write-offs | (460) | (55) |
At 31 December | 6,643 | 6,149 |
Brands | The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 380 | |
At 31 December | 380 | 380 |
Brands | Cost | The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 584 | 584 |
Additions | 0 | 0 |
Disposals and write-offs | 0 | 0 |
At 31 December | 584 | 584 |
Brands | Accumulated amortisation | The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 204 | 204 |
Charge for the year (note 9) | 0 | 0 |
Disposals and write-offs | 0 | 0 |
At 31 December | 204 | 204 |
Core deposit intangible | The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 0 | |
At 31 December | 0 | 0 |
Core deposit intangible | Cost | The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 2,770 | 2,770 |
Additions | 0 | 0 |
Disposals and write-offs | 0 | 0 |
At 31 December | 2,770 | 2,770 |
Core deposit intangible | Accumulated amortisation | The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 2,770 | 2,770 |
Charge for the year (note 9) | 0 | 0 |
Disposals and write-offs | 0 | 0 |
At 31 December | 2,770 | 2,770 |
Purchased credit card relationships | The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 451 | |
At 31 December | 381 | 451 |
Purchased credit card relationships | Cost | The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 1,002 | 1,002 |
Additions | 0 | 0 |
Disposals and write-offs | 0 | 0 |
At 31 December | 1,002 | 1,002 |
Purchased credit card relationships | Accumulated amortisation | The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 551 | 481 |
Charge for the year (note 9) | 70 | 70 |
Disposals and write-offs | 0 | 0 |
At 31 December | 621 | 551 |
Customer- related intangibles | The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 0 | |
At 31 December | 0 | 0 |
Customer- related intangibles | Cost | The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 50 | 50 |
Additions | 0 | 0 |
Disposals and write-offs | 0 | 0 |
At 31 December | 50 | 50 |
Customer- related intangibles | Accumulated amortisation | The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 50 | 50 |
Charge for the year (note 9) | 0 | 0 |
Disposals and write-offs | 0 | 0 |
At 31 December | 50 | 50 |
Capitalised software enhancements | The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 3,281 | |
At 31 December | 3,383 | 3,281 |
Capitalised software enhancements | The Bank | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 2,960 | |
At 31 December | 3,096 | 2,960 |
Capitalised software enhancements | Cost | The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 5,855 | 4,926 |
Additions | 986 | 984 |
Disposals and write-offs | (460) | (55) |
At 31 December | 6,381 | 5,855 |
Capitalised software enhancements | Cost | The Bank | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 5,131 | 4,280 |
Additions | 886 | 857 |
Disposals and write-offs | (321) | (6) |
At 31 December | 5,696 | 5,131 |
Capitalised software enhancements | Accumulated amortisation | The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 2,574 | 2,046 |
Charge for the year (note 9) | 884 | 583 |
Disposals and write-offs | (460) | (55) |
At 31 December | 2,998 | 2,574 |
Capitalised software enhancements | Accumulated amortisation | The Bank | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 2,171 | 1,662 |
Charge for the year (note 9) | 750 | 515 |
Disposals and write-offs | (321) | (6) |
At 31 December | £ 2,600 | £ 2,171 |
OTHER INTANGIBLE ASSETS - Narra
OTHER INTANGIBLE ASSETS - Narrative (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Brands | ||
OTHER INTANGIBLE ASSETS (Details) - Narrative [Line Items] | ||
Growth rate used to extrapolate cash flow projections (in percent) | 3.50% | |
The Group | ||
OTHER INTANGIBLE ASSETS (Details) - Narrative [Line Items] | ||
Intangible assets other than goodwill | £ 4,144 | £ 4,112 |
The Group | Brands | ||
OTHER INTANGIBLE ASSETS (Details) - Narrative [Line Items] | ||
Intangible assets other than goodwill | £ 380 | £ 380 |
Discount rate used in current estimate of value in use (in percent) | 10.25% |
INVESTMENT IN SUBSIDIARY UNDE_3
INVESTMENT IN SUBSIDIARY UNDERTAKINGS OF THE BANK - Schedule of Investment in Subsidiary Undertakings of the Bank (Details) - Subsidiary undertakings of the Bank - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
INVESTMENT IN SUBSIDIARY UNDERTAKINGS OF THE BANK (Details) - Schedule of Investment in Subsidiary Undertakings of the Bank [Line Items] | ||
At 1 January | £ 33,353 | £ 34,084 |
Additions and capital injections | 11 | 1,055 |
Capital contributions | 36 | 33 |
Capital repayments | (2,576) | (1,801) |
Disposals | (236) | (18) |
At 31 December | £ 30,588 | £ 33,353 |
OTHER ASSETS - Schedule of Othe
OTHER ASSETS - Schedule of Other Assets (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Operating lease assets | ||
Property, plant and equipment: | ||
Property, plant and equipment | £ 4,196 | |
The Group | ||
Property, plant and equipment: | ||
Property, plant and equipment | 7,898 | £ 8,317 |
Settlement balances | 52 | 202 |
Prepayments | 905 | 1,030 |
Other assets | 744 | 660 |
Other assets | 9,599 | 10,209 |
The Group | Investment properties | ||
Property, plant and equipment: | ||
Property, plant and equipment | 4 | 4 |
The Group | Premises | ||
Property, plant and equipment: | ||
Property, plant and equipment | 803 | 866 |
The Group | Equipment | ||
Property, plant and equipment: | ||
Property, plant and equipment | 1,627 | 2,055 |
The Group | Operating lease assets | ||
Property, plant and equipment: | ||
Property, plant and equipment | 4,196 | 3,958 |
The Group | Right-of-use assets | ||
Property, plant and equipment: | ||
Property, plant and equipment | 1,268 | 1,434 |
The Bank | ||
Property, plant and equipment: | ||
Property, plant and equipment | 2,571 | 3,098 |
Settlement balances | 51 | 100 |
Prepayments | 488 | 443 |
Other assets | 363 | 211 |
Other assets | 3,473 | 3,852 |
The Bank | Investment properties | ||
Property, plant and equipment: | ||
Property, plant and equipment | 0 | 0 |
The Bank | Premises | ||
Property, plant and equipment: | ||
Property, plant and equipment | 509 | 541 |
The Bank | Equipment | ||
Property, plant and equipment: | ||
Property, plant and equipment | 1,372 | 1,779 |
The Bank | Operating lease assets | ||
Property, plant and equipment: | ||
Property, plant and equipment | 0 | 0 |
The Bank | Right-of-use assets | ||
Property, plant and equipment: | ||
Property, plant and equipment | £ 690 | £ 778 |
OTHER ASSETS - Schedule of Futu
OTHER ASSETS - Schedule of Future Minimum Rentals Receivable under Non-Cancellable Operating Leases (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Future minimum rentals receivable | £ 1,791 | £ 1,771 |
Within 1 year | ||
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Future minimum rentals receivable | 848 | 864 |
1 to 2 years | ||
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Future minimum rentals receivable | 561 | 548 |
2 to 3 years | ||
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Future minimum rentals receivable | 288 | 274 |
3 to 4 years | ||
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Future minimum rentals receivable | 86 | 78 |
4 to 5 years | ||
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Future minimum rentals receivable | 8 | 7 |
Over 5 years | ||
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Future minimum rentals receivable | £ 0 | £ 0 |
OTHER ASSETS - Narrative (Detai
OTHER ASSETS - Narrative (Details) - Operating lease assets £ in Millions | 12 Months Ended |
Dec. 31, 2021GBP (£) | |
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | |
Property, plant and equipment | £ 4,196 |
Electric vehicles | |
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | |
Property, plant and equipment | £ 728 |
Percentage increase (decrease) in operating lease assets (in percent) | 128.00% |
Internal combustion engine vehicles | |
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | |
Property, plant and equipment | £ 2,531 |
Percentage increase (decrease) in operating lease assets (in percent) | (15.00%) |
Hybrid vehicles | |
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | |
Property, plant and equipment | £ 928 |
Percentage increase (decrease) in operating lease assets (in percent) | 41.00% |
Other assets | |
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | |
Property, plant and equipment | £ 9 |
LESSEE DISCLOSURES (Details)
LESSEE DISCLOSURES (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of quantitative information about right-of-use assets [line items] | |||
Payments of lease liabilities, classified as financing activities | £ 243 | ||
The Group | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
At 1 January | 1,268 | £ 1,434 | £ 1,609 |
Exchange and other adjustments | (9) | 0 | |
Additions | 71 | 122 | |
Disposals | (12) | (82) | |
Depreciation charge for the year | (216) | (215) | |
At 31 December | 1,268 | 1,434 | |
The Bank | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
At 1 January | 690 | 778 | £ 868 |
Exchange and other adjustments | (9) | 0 | |
Additions | 54 | 104 | |
Disposals | (4) | (73) | |
Depreciation charge for the year | (129) | (121) | |
At 31 December | £ 690 | £ 778 |
FINANCIAL LIABILITIES AT FAIR_3
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS - Schedule of Trading and Other Financial Liabilities and Fair Value Through Profit or Loss (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - Schedule of Trading and Other Financial Liabilities and Fair Value Through Profit or Loss [Line Items] | ||
Liabilities designated at fair value through profit or loss: debt securities in issue | £ 6,537 | £ 6,828 |
Other deposits | 0 | 2 |
Short positions in securities | 0 | 1 |
Financial liabilities at fair value through profit or loss that meet definition of held for trading | 0 | 3 |
Total financial liabilities at fair value through profit or loss | 6,537 | 6,831 |
The Bank | ||
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - Schedule of Trading and Other Financial Liabilities and Fair Value Through Profit or Loss [Line Items] | ||
Liabilities designated at fair value through profit or loss: debt securities in issue | 9,821 | 7,905 |
Other deposits | 0 | 2 |
Short positions in securities | 0 | 0 |
Financial liabilities at fair value through profit or loss that meet definition of held for trading | 0 | 2 |
Total financial liabilities at fair value through profit or loss | £ 9,821 | £ 7,907 |
FINANCIAL LIABILITIES AT FAIR_4
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - Narrative [Line Items] | |||
Amount contractually payable | £ 10,558 | £ 11,503 | |
Difference between balance sheet carrying value and amount contractually payable | 4,021 | 4,675 | |
Cumulative increase in fair value measurement, liabilities | 195 | ||
The Group | |||
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - Narrative [Line Items] | |||
Financial liabilities at fair value through profit or loss | 6,537 | 6,831 | |
Fair value losses before tax | 86 | 75 | £ 419 |
Debt securities in issue designated at fair value through profit or loss | 6,537 | 6,828 | |
The Group | 1 year or over original maturity | |||
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - Narrative [Line Items] | |||
Financial liabilities at fair value through profit or loss | 6,258 | 6,682 | |
The Bank | |||
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - Narrative [Line Items] | |||
Financial liabilities at fair value through profit or loss | 9,821 | 7,907 | |
Fair value losses before tax | 86 | 75 | £ 419 |
Debt securities in issue designated at fair value through profit or loss | 9,821 | 7,905 | |
The Bank | Debt securities | |||
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - Narrative [Line Items] | |||
Debt securities in issue designated at fair value through profit or loss | 3,317 | 1,122 | |
The Bank | 1 year or over original maturity | |||
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - Narrative [Line Items] | |||
Financial liabilities at fair value through profit or loss | £ 9,543 | £ 7,758 |
DEBT SECURITIES IN ISSUE - Sche
DEBT SECURITIES IN ISSUE - Schedule of Debt Securities in Issue (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
DEBT SECURITIES IN ISSUE (Details) - Schedule of Debt Securities in Issue [Line Items] | ||
Medium-term notes issued | £ 1,321 | £ 1,305 |
Total debt securities in issue | 48,724 | 59,293 |
The Group | Before IFRS 9 impairment adjustments | ||
DEBT SECURITIES IN ISSUE (Details) - Schedule of Debt Securities in Issue [Line Items] | ||
Medium-term notes issued | 23,820 | 21,501 |
Covered bonds (note 25) | 17,407 | 23,977 |
Certificates of deposit issued | 290 | 3,597 |
Securitisation notes (note 25) | 3,672 | 4,436 |
Commercial paper | 3,535 | 5,782 |
Total debt securities in issue | 48,724 | 59,293 |
The Bank | ||
DEBT SECURITIES IN ISSUE (Details) - Schedule of Debt Securities in Issue [Line Items] | ||
Medium-term notes issued | 0 | 0 |
Total debt securities in issue | 38,439 | 48,109 |
The Bank | Before IFRS 9 impairment adjustments | ||
DEBT SECURITIES IN ISSUE (Details) - Schedule of Debt Securities in Issue [Line Items] | ||
Medium-term notes issued | 19,916 | 19,546 |
Covered bonds (note 25) | 15,809 | 20,895 |
Certificates of deposit issued | 290 | 3,597 |
Securitisation notes (note 25) | 176 | 0 |
Commercial paper | 2,248 | 4,071 |
Total debt securities in issue | £ 38,439 | £ 48,109 |
DEBT SECURITIES IN ISSUE - Narr
DEBT SECURITIES IN ISSUE - Narrative (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
DEBT SECURITIES IN ISSUE (Details) - Narrative [Line Items] | ||
Debt securities in issue | £ 48,724 | £ 59,293 |
The Group | 1 year or over original maturity | ||
DEBT SECURITIES IN ISSUE (Details) - Narrative [Line Items] | ||
Debt securities in issue | 33,369 | 40,765 |
The Bank | ||
DEBT SECURITIES IN ISSUE (Details) - Narrative [Line Items] | ||
Debt securities in issue | 38,439 | 48,109 |
The Bank | 1 year or over original maturity | ||
DEBT SECURITIES IN ISSUE (Details) - Narrative [Line Items] | ||
Debt securities in issue | £ 26,967 | £ 33,582 |
SECURITISATIONS AND COVERED B_3
SECURITISATIONS AND COVERED BONDS - Schedule of Securitisation and Covered Bond Programmes (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation notes at fair value through profit or loss | £ 33 | £ 45 |
Loans and advances securitised | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 30,965 | 34,584 |
Loans and advances securitised | Covered bond programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 36,729 | 34,960 |
Loans and advances securitised | Covered bond programmes | Residential mortgage-backed | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 35,896 | 33,980 |
Loans and advances securitised | Covered bond programmes | Social housing loan-backed | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 833 | 980 |
Loans and advances securitised | UK residential mortgages | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 18,300 | 23,984 |
Loans and advances securitised | Commercial loans | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 388 | 2,884 |
Loans and advances securitised | Credit card receivables | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 11,615 | 5,890 |
Loans and advances securitised | Motor vehicle finance | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 235 | 1,826 |
Loans and advances securitised | Dutch residential mortgages | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 427 | 0 |
Notes in issue | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 21,112 | 28,458 |
Notes in issue | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 27,226 | 31,899 |
Notes in issue | Covered bond programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 17,407 | 24,077 |
Notes in issue | Covered bond programmes | Residential mortgage-backed | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 16,907 | 23,477 |
Notes in issue | Covered bond programmes | Social housing loan-backed | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 500 | 600 |
Notes in issue | UK residential mortgages | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 16,214 | 21,640 |
Notes in issue | Commercial loans | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 1,839 | 4,004 |
Notes in issue | Credit card receivables | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 8,474 | 4,340 |
Notes in issue | Motor vehicle finance | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 251 | 1,915 |
Notes in issue | Dutch residential mortgages | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 448 | 0 |
Notes in issue | Less held by the Group | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 23,521 | 27,418 |
Notes in issue | Less held by the Group | Covered bond programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 0 | 100 |
Notes in issue | Total securitisation programmes | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 3,705 | 4,481 |
Notes in issue | Total covered bond programmes | Covered bond programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | £ 17,407 | £ 23,977 |
SECURITISATIONS AND COVERED B_4
SECURITISATIONS AND COVERED BONDS - Narrative (Details) - The Group - Securitisation programmes - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
SECURITISATIONS AND COVERED BONDS (Details) - Narrative [Line Items] | ||
Cash deposits held restricted in use to securitisation and covered bonds | £ 3,455 | £ 3,930 |
Maximum exposure to loss from interests in structured entities | £ 52 | £ 52 |
OTHER LIABILITIES - Schedule of
OTHER LIABILITIES - Schedule of Other Liabilities (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | ||
OTHER LIABILITIES (Details) - Schedule of Other Liabilities [Line Items] | ||
Total other liabilities | £ 5,391 | £ 5,181 |
The Bank | ||
OTHER LIABILITIES (Details) - Schedule of Other Liabilities [Line Items] | ||
Total other liabilities | 3,128 | 2,573 |
Settlement balances | The Group | ||
OTHER LIABILITIES (Details) - Schedule of Other Liabilities [Line Items] | ||
Settlement balances | 110 | 36 |
Settlement balances | The Bank | ||
OTHER LIABILITIES (Details) - Schedule of Other Liabilities [Line Items] | ||
Settlement balances | 51 | 11 |
Lease liabilities | The Group | ||
OTHER LIABILITIES (Details) - Schedule of Other Liabilities [Line Items] | ||
Lease liabilities | 1,411 | 1,592 |
Lease liabilities | The Bank | ||
OTHER LIABILITIES (Details) - Schedule of Other Liabilities [Line Items] | ||
Lease liabilities | 777 | 885 |
Other creditors and accruals | The Group | ||
OTHER LIABILITIES (Details) - Schedule of Other Liabilities [Line Items] | ||
Other creditors and accruals | 3,870 | 3,553 |
Other creditors and accruals | The Bank | ||
OTHER LIABILITIES (Details) - Schedule of Other Liabilities [Line Items] | ||
Other creditors and accruals | £ 2,300 | £ 1,677 |
RETIREMENT BENEFIT OBLIGATION_2
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Retirement Benefit Charges to Income Statement (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Charges to Income Statement [Line Items] | |||
Total charge to the income statement (note 9) | £ 523 | £ 552 | £ 518 |
Defined benefit pension schemes | |||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Charges to Income Statement [Line Items] | |||
Defined benefit scheme charges | 234 | 244 | 241 |
Other post-retirement benefit schemes | |||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Charges to Income Statement [Line Items] | |||
Defined benefit scheme charges | 2 | 3 | 4 |
Total defined benefit schemes | |||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Charges to Income Statement [Line Items] | |||
Defined benefit scheme charges | 236 | 247 | 245 |
Defined contribution pension schemes | |||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Charges to Income Statement [Line Items] | |||
Defined contribution pension schemes | £ 287 | £ 305 | £ 273 |
RETIREMENT BENEFIT OBLIGATION_3
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Retirement Benefits Recognised in Balance Sheet (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
Amounts recognised in the balance sheet | ||
Retirement benefit assets | £ 4,531 | £ 1,714 |
Retirement benefit obligations | (230) | (245) |
The Group | Amount recognized | ||
Amounts recognised in the balance sheet | ||
Retirement benefit assets | 4,531 | 1,714 |
Retirement benefit obligations | (230) | (245) |
Total amounts recognised in the balance sheet | 4,301 | 1,469 |
The Bank | ||
Amounts recognised in the balance sheet | ||
Retirement benefit assets | 2,420 | 765 |
Retirement benefit obligations | (101) | (106) |
The Bank | Amount recognized | ||
Amounts recognised in the balance sheet | ||
Retirement benefit assets | 2,420 | 765 |
Retirement benefit obligations | (101) | (106) |
Total amounts recognised in the balance sheet | £ 2,319 | £ 659 |
RETIREMENT BENEFIT OBLIGATION_4
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Retirement Benefit Total Amounts Recognized in Balance Sheet (Details) - Amount recognized - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Total Amounts Recognized in Balance Sheet [Line Items] | ||
Defined benefit schemes | £ 4,301 | £ 1,469 |
The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Total Amounts Recognized in Balance Sheet [Line Items] | ||
Defined benefit schemes | 2,319 | 659 |
Defined benefit pension schemes | The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Total Amounts Recognized in Balance Sheet [Line Items] | ||
Defined benefit schemes | 4,404 | 1,578 |
Defined benefit pension schemes | The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Total Amounts Recognized in Balance Sheet [Line Items] | ||
Defined benefit schemes | 2,384 | 727 |
Other post-retirement benefit schemes | The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Total Amounts Recognized in Balance Sheet [Line Items] | ||
Defined benefit schemes | (103) | (109) |
Other post-retirement benefit schemes | The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Total Amounts Recognized in Balance Sheet [Line Items] | ||
Defined benefit schemes | £ (65) | £ (68) |
RETIREMENT BENEFIT OBLIGATION_5
RETIREMENT BENEFIT OBLIGATIONS - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | ||||||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 28, 2022 | Jan. 28, 2020 | Dec. 31, 2016 | |
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | |||||||
Percentage of gross defined benefit pension assets (in percent) | 94.00% | ||||||
Actuarial assumption of retirement age | 60 years | ||||||
Contributions to plan, net defined benefit liability (asset) | £ (1,100) | ||||||
Past service cost and gains (losses) arising from settlements, net defined benefit liability (asset) | £ 33 | ||||||
Three most significant defined benefit schemes, percentage of total defined benefit obligations (in percent) | 90.00% | ||||||
Liability sensitivity to interest rate movements (in percent) | 117.00% | ||||||
Liability sensitivity to inflation movements (in percent) | 126.00% | ||||||
Swap fair value at inception | £ 0 | ||||||
Hedged percent of defined benefit scheme exposure to increases life expectancy (in percent) | 25.00% | ||||||
Longevity Insurance Arrangement | |||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | |||||||
Defined benefit plan estimated mount of plan participants future benefits covered by insurance contracts | £ 10,000 | ||||||
Longevity Insurance Arrangement | Entering into significant commitments or contingent liabilities | |||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | |||||||
Defined benefit plan estimated mount of plan participants future benefits covered by insurance contracts | £ 5,500 | ||||||
Swap fair value at inception | £ 0 | ||||||
Healthcare premiums | |||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | |||||||
Percentage of reasonably possible increase in actuarial assumption (in percent) | 6.82% | 6.40% | |||||
Forecast | |||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | |||||||
Contributions to plan, net defined benefit liability (asset) | £ (1,100) | ||||||
The group's three main schemes | |||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | |||||||
Percentage of gross defined benefit pension assets (in percent) | 94.00% | ||||||
The group's three main schemes | Swap contract | |||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | |||||||
Derivative financial instruments | £ 0.6 | ||||||
The group's three main schemes | Minimum | |||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | |||||||
Actuarial assumption of retirement age | 55 years | ||||||
The group's three main schemes | Minimum | Contractual right to retire earlier | |||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | |||||||
Actuarial assumption of retirement age | 50 years | ||||||
Aggregated measurement | |||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | |||||||
Deficit in plan | £ 6,000 | £ (7,300) | £ (7,300) | ||||
Defined benefit plan funding level (in percent) | 85.70% | 85.90% | |||||
Contributions to plan, net defined benefit liability (asset) | £ (800) | ||||||
In year capital distributions to shareholders (in percent) | 30.00% | ||||||
Aggregated measurement | Maximum | |||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | |||||||
Deficit contributions to plan | £ 2,000 | ||||||
Defined benefit pension schemes | LLoyds Bank pension scheme No 1 and No 2 | Limited liability partnerships | |||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | |||||||
Net defined benefit liability (asset) | 7,400 | ||||||
Defined benefit pension schemes | HBOs final salary pension scheme | Limited liability partnerships | |||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | |||||||
Net defined benefit liability (asset) | 5,800 | ||||||
Guaranteed minimum pension benefits | |||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | |||||||
Past service cost and gains (losses) arising from settlements, net defined benefit liability (asset) | 108 | ||||||
Defined contribution pension schemes | |||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | |||||||
Defined contribution pension schemes | £ 287 | £ 305 | £ 273 |
RETIREMENT BENEFIT OBLIGATION_6
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Retirement Benefits Amounts Recognized in Balance Sheet (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
The Group | |||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefits Amounts Recognized in Balance Sheet [Line Items] | |||
Present value of funded obligations | £ (47,130) | £ (49,549) | £ (45,241) |
Net amount recognised in the balance sheet | 4,404 | 1,578 | 550 |
The Group | Net amount recognised in the balance sheet | |||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefits Amounts Recognized in Balance Sheet [Line Items] | |||
Present value of funded obligations | (47,130) | (49,549) | |
Fair value of scheme assets | 51,534 | 51,127 | |
Net amount recognised in the balance sheet | 4,404 | 1,578 | |
The Bank | |||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefits Amounts Recognized in Balance Sheet [Line Items] | |||
Present value of funded obligations | (29,222) | (30,597) | (28,072) |
Net amount recognised in the balance sheet | 2,384 | 727 | £ 347 |
The Bank | Net amount recognised in the balance sheet | |||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefits Amounts Recognized in Balance Sheet [Line Items] | |||
Present value of funded obligations | (29,222) | (30,597) | |
Fair value of scheme assets | 31,606 | 31,324 | |
Net amount recognised in the balance sheet | £ 2,384 | £ 727 |
RETIREMENT BENEFIT OBLIGATION_7
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Retirement Benefit Net Amounts Recognized in Balance Sheet (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | ||
Net amount recognised in the balance sheet | ||
At 1 January | £ 1,578 | £ 550 |
Net defined benefit pension charge | (234) | (244) |
Actuarial gains (losses) on defined benefit obligation | 1,267 | (5,443) |
Return on plan assets | 449 | 5,565 |
Employer contributions | 1,344 | 1,149 |
Exchange and other adjustments | 0 | 1 |
At 31 December | 4,404 | 1,578 |
The Bank | ||
Net amount recognised in the balance sheet | ||
At 1 January | 727 | 347 |
Net defined benefit pension charge | (113) | (119) |
Actuarial gains (losses) on defined benefit obligation | 553 | (3,365) |
Return on plan assets | 397 | 3,217 |
Employer contributions | 821 | 647 |
Exchange and other adjustments | (1) | 0 |
At 31 December | £ 2,384 | £ 727 |
RETIREMENT BENEFIT OBLIGATION_8
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Movements in Defined Benefit Obligation (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | ||
Movements in the defined benefit obligation | ||
At 1 January | £ (49,549) | £ (45,241) |
Current service cost | (213) | (206) |
Interest expense | (704) | (914) |
Actuarial (losses) gains – experience | (426) | 493 |
Actuarial losses – demographic assumptions | (146) | (218) |
Actuarial gains (losses) – financial assumptions | 1,839 | (5,718) |
Benefits paid | 2,034 | 2,254 |
Past service cost | (11) | (5) |
Settlements | 22 | 20 |
Exchange and other adjustments | 24 | (14) |
At 31 December | (47,130) | (49,549) |
The Bank | ||
Movements in the defined benefit obligation | ||
At 1 January | (30,597) | (28,072) |
Current service cost | (100) | (97) |
Interest expense | (435) | (568) |
Actuarial (losses) gains – experience | (431) | 441 |
Actuarial losses – demographic assumptions | (82) | (282) |
Actuarial gains (losses) – financial assumptions | 1,066 | (3,524) |
Benefits paid | 1,361 | 1,504 |
Past service cost | (4) | (2) |
Settlements | 1 | 0 |
Exchange and other adjustments | (1) | 3 |
At 31 December | £ (29,222) | £ (30,597) |
RETIREMENT BENEFIT OBLIGATION_9
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Analysis of Defined Benefit Obligations (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
The Group | |||
Analysis of the defined benefit obligation | |||
Defined benefit obligation, at present value | £ (47,130) | £ (49,549) | £ (45,241) |
The Bank | |||
Analysis of the defined benefit obligation | |||
Defined benefit obligation, at present value | (29,222) | (30,597) | £ (28,072) |
Active members | The Group | |||
Analysis of the defined benefit obligation | |||
Defined benefit obligation, at present value | (5,837) | (6,550) | |
Active members | The Bank | |||
Analysis of the defined benefit obligation | |||
Defined benefit obligation, at present value | (3,085) | (3,415) | |
Deferred members | The Group | |||
Analysis of the defined benefit obligation | |||
Defined benefit obligation, at present value | (16,167) | (17,647) | |
Deferred members | The Bank | |||
Analysis of the defined benefit obligation | |||
Defined benefit obligation, at present value | (9,527) | (10,493) | |
Pensioners | The Group | |||
Analysis of the defined benefit obligation | |||
Defined benefit obligation, at present value | (23,171) | (23,409) | |
Pensioners | The Bank | |||
Analysis of the defined benefit obligation | |||
Defined benefit obligation, at present value | (15,238) | (15,311) | |
Dependants | The Group | |||
Analysis of the defined benefit obligation | |||
Defined benefit obligation, at present value | (1,955) | (1,943) | |
Dependants | The Bank | |||
Analysis of the defined benefit obligation | |||
Defined benefit obligation, at present value | £ (1,372) | £ (1,378) |
RETIREMENT BENEFIT OBLIGATIO_10
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Change in Fair Value of Scheme Assets (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | ||
Changes in the fair value of scheme assets | ||
Interest income | £ 704 | £ 914 |
Employer contributions | 1,344 | 1,149 |
Exchange and other adjustments | 0 | 1 |
The Bank | ||
Changes in the fair value of scheme assets | ||
Interest income | 435 | 568 |
Employer contributions | 821 | 647 |
Exchange and other adjustments | (1) | 0 |
Post employment retirement benefits | The Group | ||
Changes in the fair value of scheme assets | ||
At 1 January | 51,127 | 45,791 |
Return on plan assets excluding amounts included in interest income | 449 | 5,565 |
Interest income | 733 | 937 |
Employer contributions | 1,344 | 1,149 |
Benefits paid | (2,034) | (2,254) |
Settlements | (23) | (22) |
Administrative costs paid | (38) | (54) |
Exchange and other adjustments | (24) | 15 |
At 31 December | 51,534 | 51,127 |
Post employment retirement benefits | The Bank | ||
Changes in the fair value of scheme assets | ||
At 1 January | 31,324 | 28,419 |
Return on plan assets excluding amounts included in interest income | 397 | 3,217 |
Interest income | 450 | 581 |
Employer contributions | 821 | 647 |
Benefits paid | (1,361) | (1,504) |
Settlements | (1) | 0 |
Administrative costs paid | (24) | (33) |
Exchange and other adjustments | 0 | (3) |
At 31 December | £ 31,606 | £ 31,324 |
RETIREMENT BENEFIT OBLIGATIO_11
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Defined Benefit Pension Expense (Details) - The Group - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Defined Benefit Pension Expense [Line Items] | |||
Current service cost | £ 213 | £ 206 | |
Net interest amount | (704) | (914) | |
Past service cost – plan amendments | (11) | (5) | |
Total defined benefit pension expense | 234 | 244 | |
Defined contribution pension schemes | |||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Defined Benefit Pension Expense [Line Items] | |||
Current service cost | 213 | 206 | £ 201 |
Net interest amount | (29) | (23) | (48) |
Settlements | 1 | 2 | 1 |
Past service cost – plan amendments | 11 | 5 | 44 |
Plan administration costs incurred during the year | 38 | 54 | 43 |
Total defined benefit pension expense | £ 234 | £ 244 | £ 241 |
RETIREMENT BENEFIT OBLIGATIO_12
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Composition of Scheme Assets (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Investment grade | ||
Debt instruments | ||
Defined benefit scheme fair value of scheme assets | £ 42,568 | £ 39,439 |
Debt instruments, amount contributed to fair value of plan assets | 23,627 | 21,938 |
The Group | ||
Debt instruments | ||
Net carrying amount | 4,562 | 5,137 |
Property | 7,898 | 8,317 |
The Group | Retirement scheme assets | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items] | ||
Equity instruments | 653 | 661 |
Debt instruments | ||
Fixed interest government bonds | 10,512 | 11,328 |
Index-linked government bonds | 23,969 | 21,058 |
Corporate and other debt securities | 13,399 | 12,736 |
Net carrying amount | 47,880 | 45,122 |
Property | 139 | 136 |
Pooled investment vehicles | 14,538 | 13,672 |
Money market instruments, cash, derivatives and other assets and liabilities | (11,676) | (8,464) |
At 31 December | 51,534 | 51,127 |
The Bank | ||
Debt instruments | ||
Net carrying amount | 3,756 | 4,315 |
Property | 2,571 | 3,098 |
The Bank | Retirement scheme assets | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items] | ||
Equity instruments | 448 | 457 |
Debt instruments | ||
Fixed interest government bonds | 4,346 | 4,591 |
Index-linked government bonds | 14,407 | 12,638 |
Corporate and other debt securities | 8,105 | 7,878 |
Net carrying amount | 26,858 | 25,107 |
Pooled investment vehicles | 9,742 | 8,693 |
Money market instruments, cash, derivatives and other assets and liabilities | (5,442) | (2,933) |
At 31 December | 31,606 | 31,324 |
Quoted | The Group | Retirement scheme assets | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items] | ||
Equity instruments | 617 | 616 |
Debt instruments | ||
Fixed interest government bonds | 10,512 | 11,328 |
Index-linked government bonds | 23,969 | 21,058 |
Corporate and other debt securities | 13,399 | 12,736 |
Net carrying amount | 47,880 | 45,122 |
Property | 0 | 0 |
Pooled investment vehicles | 1,192 | 650 |
Money market instruments, cash, derivatives and other assets and liabilities | 319 | 812 |
At 31 December | 50,008 | 47,200 |
Quoted | The Bank | Retirement scheme assets | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items] | ||
Equity instruments | 424 | 423 |
Debt instruments | ||
Fixed interest government bonds | 4,346 | 4,591 |
Index-linked government bonds | 14,407 | 12,638 |
Corporate and other debt securities | 8,105 | 7,878 |
Net carrying amount | 26,858 | 25,107 |
Pooled investment vehicles | 800 | 124 |
Money market instruments, cash, derivatives and other assets and liabilities | (154) | 365 |
At 31 December | 27,928 | 26,019 |
Unquoted | The Group | Retirement scheme assets | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items] | ||
Equity instruments | 36 | 45 |
Debt instruments | ||
Fixed interest government bonds | 0 | 0 |
Index-linked government bonds | 0 | 0 |
Corporate and other debt securities | 0 | 0 |
Net carrying amount | 0 | 0 |
Property | 139 | 136 |
Pooled investment vehicles | 13,346 | 13,022 |
Money market instruments, cash, derivatives and other assets and liabilities | (11,995) | (9,276) |
At 31 December | 1,526 | 3,927 |
Unquoted | The Bank | Retirement scheme assets | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items] | ||
Equity instruments | 24 | 34 |
Debt instruments | ||
Fixed interest government bonds | 0 | 0 |
Index-linked government bonds | 0 | 0 |
Corporate and other debt securities | 0 | 0 |
Net carrying amount | 0 | 0 |
Pooled investment vehicles | 8,942 | 8,569 |
Money market instruments, cash, derivatives and other assets and liabilities | (5,288) | (3,298) |
At 31 December | £ 3,678 | £ 5,305 |
RETIREMENT BENEFIT OBLIGATIO_13
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Pension Scheme's Pooled Investment Vehicles (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | £ 14,538 | £ 13,672 |
The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 9,742 | 8,693 |
Equity funds | The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 3,696 | 3,169 |
Equity funds | The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 2,616 | 2,044 |
Hedge and mutual funds | The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 1,407 | 2,181 |
Hedge and mutual funds | The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 934 | 1,427 |
Alternative credit funds | The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 3,884 | 4,072 |
Alternative credit funds | The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 2,476 | 2,620 |
Property funds | The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 1,541 | 1,551 |
Property funds | The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 1,151 | 1,100 |
Infrastructure funds | The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 1,389 | 1,405 |
Infrastructure funds | The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 645 | 620 |
Liquidity funds | The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 2,031 | 847 |
Liquidity funds | The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 1,488 | 598 |
Bond and debt funds | The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 561 | 396 |
Bond and debt funds | The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 432 | 284 |
Other | The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 29 | 51 |
Other | The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | £ 0 | £ 0 |
RETIREMENT BENEFIT OBLIGATIO_14
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Principal Actuarial and Financial Assumptions Used in Valuation of Defined Benefit Pension Schemes (Details) | Dec. 31, 2021 | Dec. 31, 2020 |
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Principal Actuarial and Financial Assumptions Used in Valuation of Defined Benefit Pension Schemes [Line Items] | ||
Discount rate (in percent) | 1.94% | 1.44% |
Rate of inflation: | ||
Rate of salary increases (in percent) | 0.00% | 0.00% |
Weighted-average rate of increase for pensions in payment (in percent) | 2.88% | 2.61% |
Retail Price Index (RPI) | ||
Rate of inflation: | ||
Prices index (in percent) | 3.21% | 2.80% |
Consumer Price Index (CPI) | ||
Rate of inflation: | ||
Prices index (in percent) | 2.92% | 2.41% |
RETIREMENT BENEFIT OBLIGATIO_15
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Benefit Plan Member Life Expectancy (Details) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Men | On valuation date | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Benefit Plan Member Life Expectancy [Line Items] | ||
Actuarial assumption of life expectancy after retirement | 27 years 1 month 6 days | 27 years |
Men | 15 Years after valuation date | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Benefit Plan Member Life Expectancy [Line Items] | ||
Actuarial assumption of life expectancy after retirement | 28 years 1 month 6 days | 28 years 1 month 6 days |
Women | On valuation date | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Benefit Plan Member Life Expectancy [Line Items] | ||
Actuarial assumption of life expectancy after retirement | 29 years 1 month 6 days | 29 years |
Women | 15 Years after valuation date | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Benefit Plan Member Life Expectancy [Line Items] | ||
Actuarial assumption of life expectancy after retirement | 30 years 3 months 18 days | 30 years 2 months 12 days |
RETIREMENT BENEFIT OBLIGATIO_16
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Discount rate (in percent) | 1.94% | 1.44% |
Retail Price Index (RPI) | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Prices index (in percent) | 3.21% | 2.80% |
Consumer Price Index (CPI) | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Prices index (in percent) | 2.92% | 2.41% |
Increase of 0.1 per cent | Actuarial assumption of expected rates of inflation | The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Increase in the income statement charge | £ 12 | £ 11 |
Increase in the net defined benefit pension scheme liability | 481 | 531 |
Increase of 0.1 per cent | Actuarial assumption of expected rates of inflation | The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Increase in the income statement charge | 7 | 6 |
Increase in the net defined benefit pension scheme liability | 309 | 337 |
Increase of 0.1 per cent | Actuarial assumption of discount rates | The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Decrease in the income statement charge | (24) | (20) |
Decrease in the net defined benefit pension scheme liability | (774) | (866) |
Increase of 0.1 per cent | Actuarial assumption of discount rates | The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Decrease in the income statement charge | (14) | (12) |
Decrease in the net defined benefit pension scheme liability | (480) | (534) |
Decrease of 0.1 per cent | Actuarial assumption of expected rates of inflation | The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Decrease in the income statement charge | (12) | (11) |
Decrease in the net defined benefit pension scheme liability | (475) | (522) |
Decrease of 0.1 per cent | Actuarial assumption of expected rates of inflation | The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Decrease in the income statement charge | (7) | (6) |
Decrease in the net defined benefit pension scheme liability | (306) | (332) |
Decrease of 0.1 per cent | Actuarial assumption of discount rates | The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Increase in the income statement charge | 23 | 19 |
Increase in the net defined benefit pension scheme liability | 795 | 890 |
Decrease of 0.1 per cent | Actuarial assumption of discount rates | The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Increase in the income statement charge | 13 | 11 |
Increase in the net defined benefit pension scheme liability | 492 | 548 |
Increase of one year | Actuarial assumption of expected life expectancy of members | The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Increase in the income statement charge | 44 | 39 |
Increase in the net defined benefit pension scheme liability | 1,934 | 2,146 |
Increase of one year | Actuarial assumption of expected life expectancy of members | The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Increase in the income statement charge | 27 | 23 |
Increase in the net defined benefit pension scheme liability | 1,253 | 1,370 |
Decrease of one year | Actuarial assumption of expected life expectancy of members | The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Decrease in the income statement charge | (42) | (37) |
Decrease in the net defined benefit pension scheme liability | (1,852) | (2,052) |
Decrease of one year | Actuarial assumption of expected life expectancy of members | The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Decrease in the income statement charge | (26) | (23) |
Decrease in the net defined benefit pension scheme liability | £ (1,200) | £ (1,310) |
RETIREMENT BENEFIT OBLIGATIO_17
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Weighted Average Duration of Defined Benefit Pension Obligations (Details) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Weighted Average Duration of Defined Benefit Pension Obligations [Line Items] | ||
Duration of the defined benefit obligation | 17 years | 19 years |
The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Weighted Average Duration of Defined Benefit Pension Obligations [Line Items] | ||
Duration of the defined benefit obligation | 16 years | 17 years |
RETIREMENT BENEFIT OBLIGATIO_18
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Maturity Analysis of Benefits Expected To Be Paid (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | Within 12 months | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | £ 1,352 | £ 1,293 |
The Group | Between 1 and 2 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 1,450 | 1,350 |
The Group | Between 2 and 5 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 4,651 | 4,347 |
The Group | Between 5 and 10 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 8,993 | 8,301 |
The Group | Between 10 and 15 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 9,668 | 9,093 |
The Group | Between 15 and 25 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 18,671 | 17,485 |
The Group | Between 25 and 35 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 13,846 | 13,479 |
The Group | Between 35 and 45 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 6,987 | 7,162 |
The Group | In more than 45 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 2,116 | 2,287 |
The Bank | Within 12 months | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 940 | 914 |
The Bank | Between 1 and 2 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 1,013 | 940 |
The Bank | Between 2 and 5 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 3,188 | 2,989 |
The Bank | Between 5 and 10 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 6,029 | 5,547 |
The Bank | Between 10 and 15 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 6,170 | 5,796 |
The Bank | Between 15 and 25 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 11,499 | 10,590 |
The Bank | Between 25 and 35 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 7,925 | 7,709 |
The Bank | Between 35 and 45 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 3,485 | 3,645 |
The Bank | In more than 45 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | £ 774 | £ 874 |
RETIREMENT BENEFIT OBLIGATIO_19
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Movements in Other Post-Retirement Benefits Obligation (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Movements in Other Post-Retirement Benefits Obligation [Line Items] | ||
Actuarial gains | £ 1,267 | £ (5,443) |
Charge for the year | (213) | (206) |
Exchange and other adjustments | 0 | 1 |
The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Movements in Other Post-Retirement Benefits Obligation [Line Items] | ||
Actuarial gains | 553 | (3,365) |
Charge for the year | (100) | (97) |
Exchange and other adjustments | (1) | 0 |
Other post retirement benefit plans, defined benefit | The Group | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Movements in Other Post-Retirement Benefits Obligation [Line Items] | ||
At 1 January | (109) | (126) |
Actuarial gains | 4 | 16 |
Insurance premiums paid | 3 | 4 |
Charge for the year | (2) | (3) |
Exchange and other adjustments | 1 | 0 |
At 31 December | (103) | (109) |
Other post retirement benefit plans, defined benefit | The Bank | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Movements in Other Post-Retirement Benefits Obligation [Line Items] | ||
At 1 January | (68) | (85) |
Actuarial gains | 1 | 15 |
Insurance premiums paid | 2 | 3 |
Charge for the year | (1) | (2) |
Exchange and other adjustments | 1 | 1 |
At 31 December | £ (65) | £ (68) |
DEFERRED TAX - Schedule of Stat
DEFERRED TAX - Schedule of Statutory Position and Tax Disclosure (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
DEFERRED TAX (Details) - Schedule of Statutory Position and Tax Disclosure [Line Items] | ||
Deferred tax assets | £ 4,048 | £ 3,468 |
The Group | Statutory position | ||
DEFERRED TAX (Details) - Schedule of Statutory Position and Tax Disclosure [Line Items] | ||
Deferred tax assets | 4,048 | 3,468 |
Deferred tax liabilities | 0 | 0 |
Net deferred tax asset at 31 December | 4,048 | 3,468 |
The Group | Tax disclosure | ||
DEFERRED TAX (Details) - Schedule of Statutory Position and Tax Disclosure [Line Items] | ||
Deferred tax assets | 6,377 | 5,327 |
Deferred tax liabilities | (2,329) | (1,859) |
Net deferred tax asset at 31 December | 4,048 | 3,468 |
The Bank | ||
DEFERRED TAX (Details) - Schedule of Statutory Position and Tax Disclosure [Line Items] | ||
Deferred tax assets | 2,434 | 2,109 |
The Bank | Statutory position | ||
DEFERRED TAX (Details) - Schedule of Statutory Position and Tax Disclosure [Line Items] | ||
Deferred tax assets | 2,434 | 2,109 |
Deferred tax liabilities | 0 | 0 |
Net deferred tax asset at 31 December | 2,434 | 2,109 |
The Bank | Tax disclosure | ||
DEFERRED TAX (Details) - Schedule of Statutory Position and Tax Disclosure [Line Items] | ||
Deferred tax assets | 3,861 | 3,042 |
Deferred tax liabilities | (1,427) | (933) |
Net deferred tax asset at 31 December | £ 2,434 | £ 2,109 |
DEFERRED TAX - Narrative (Detai
DEFERRED TAX - Narrative (Details) - GBP (£) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Current and deferred tax relating to items credited directly to equity | £ (583,000,000) | £ 137,000,000 | £ (1,287,000,000) |
UK corporation tax | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Current tax expense (income) | 1,349,000,000 | 423,000,000 | 1,279,000,000 |
Change in banking surcharge rate | Change in tax law enacted at year end | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Increase in deferred tax asset | 80,000,000 | ||
Remeasurement of deferred tax due to rate changes | 83,000,000 | ||
Deferred tax expense (income) recognised in profit or loss | 3,000,000 | ||
Change in UK tax rate | UK corporation tax | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Increase in deferred tax asset | £ 1,156,000,000 | ||
Foreign country | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets | 0 | ||
Trading losses | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets, expiration term | 20 years | ||
The Group | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Increase in deferred tax asset | £ 942,000,000 | ||
Remeasurement of deferred tax due to rate changes | (1,168,000,000) | (435,000,000) | 25,000,000 |
Current and deferred tax relating to items credited directly to equity | 226,000,000 | ||
Deferred tax assets | 4,048,000,000 | 3,468,000,000 | |
The Group | Prior to offsetting of balances within same taxing jurisdiction | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets | 6,377,000,000 | 5,327,000,000 | 4,731,000,000 |
The Group | Prior to offsetting of balances within same taxing jurisdiction | Tax losses | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets | 5,018,000,000 | 4,054,000,000 | 3,600,000,000 |
The Group | UK | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets operating loss carry forwards not subject to expiration | 151,000,000 | 104,000,000 | |
Current tax expense (income) | 593,000,000 | ||
The Group | Foreign country | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets operating loss carry forwards not subject to expiration | 46,000,000 | ||
The Group | Trading losses | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets operating loss carry forwards not subject to expiration | 5,000,000 | 43,000,000 | |
Deferred tax assets operating loss carry forwards subject to expiration | 34,000,000 | 34,000,000 | |
The Bank | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets | 2,434,000,000 | 2,109,000,000 | |
The Bank | Prior to offsetting of balances within same taxing jurisdiction | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets | 3,861,000,000 | 3,042,000,000 | 2,734,000,000 |
The Bank | Prior to offsetting of balances within same taxing jurisdiction | Tax losses | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets | 3,190,000,000 | 2,507,000,000 | £ 2,198,000,000 |
The Bank | UK | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets operating loss carry forwards not subject to expiration | 116,000,000 | 90,000,000 | |
Current tax expense (income) | 453,000,000 | ||
The Bank | Foreign country | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets operating loss carry forwards not subject to expiration | 7,000,000 | ||
The Bank | Trading losses | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets operating loss carry forwards not subject to expiration | 3,000,000 | 4,000,000 | |
Deferred tax assets operating loss carry forwards subject to expiration | £ 0 | £ 0 |
DEFERRED TAX - Schedule of Move
DEFERRED TAX - Schedule of Movements in Deferred Tax Liabilities and Assets (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax assets, at 1 January | £ 3,468 | |
Deferred tax assets, at 31 December | 4,048 | £ 3,468 |
The Bank | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax assets, at 1 January | 2,109 | |
Deferred tax assets, at 31 December | 2,434 | 2,109 |
Prior to offsetting of balances within same taxing jurisdiction | The Group | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax assets, at 1 January | 5,327 | 4,731 |
Credit (charge) to the income statement | 1,016 | 577 |
Credit (charge) to other comprehensive income | 34 | 19 |
Deferred tax assets, at 31 December | 6,377 | 5,327 |
Deferred tax liabilities, at 1 January | (1,859) | (1,365) |
(Charge) credit to the income statement | (334) | (359) |
(Charge) credit to other comprehensive income | (136) | (136) |
Exchange and other adjustments | 1 | |
Deferred tax liabilities, at 31 December | (2,329) | (1,859) |
Prior to offsetting of balances within same taxing jurisdiction | The Group | Tax losses | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax assets, at 1 January | 4,054 | 3,600 |
Credit (charge) to the income statement | 964 | 454 |
Credit (charge) to other comprehensive income | 0 | 0 |
Deferred tax assets, at 31 December | 5,018 | 4,054 |
Prior to offsetting of balances within same taxing jurisdiction | The Group | Property, plant and equipment | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax assets, at 1 January | 678 | 670 |
Credit (charge) to the income statement | 82 | 8 |
Credit (charge) to other comprehensive income | 0 | 0 |
Deferred tax assets, at 31 December | 760 | 678 |
Prior to offsetting of balances within same taxing jurisdiction | The Group | Provisions | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax assets, at 1 January | 251 | 225 |
Credit (charge) to the income statement | 13 | 4 |
Credit (charge) to other comprehensive income | 36 | 22 |
Deferred tax assets, at 31 December | 300 | 251 |
Prior to offsetting of balances within same taxing jurisdiction | The Group | Share-based payments | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax assets, at 1 January | 27 | 32 |
Credit (charge) to the income statement | (10) | (5) |
Credit (charge) to other comprehensive income | 0 | 0 |
Deferred tax assets, at 31 December | 17 | 27 |
Prior to offsetting of balances within same taxing jurisdiction | The Group | Pension liabilities | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax assets, at 1 January | 56 | 53 |
Credit (charge) to the income statement | 15 | 6 |
Credit (charge) to other comprehensive income | (2) | (3) |
Deferred tax assets, at 31 December | 69 | 56 |
Prior to offsetting of balances within same taxing jurisdiction | The Group | Derivatives | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax assets, at 1 January | 7 | 19 |
Credit (charge) to the income statement | 30 | (12) |
Credit (charge) to other comprehensive income | 0 | 0 |
Deferred tax assets, at 31 December | 37 | 7 |
Deferred tax liabilities, at 1 January | (699) | (562) |
(Charge) credit to the income statement | (65) | (106) |
(Charge) credit to other comprehensive income | 764 | (31) |
Exchange and other adjustments | 0 | |
Deferred tax liabilities, at 31 December | 0 | (699) |
Prior to offsetting of balances within same taxing jurisdiction | The Group | Assets revaluations | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax assets, at 1 January | 28 | 0 |
Credit (charge) to the income statement | (28) | 28 |
Credit (charge) to other comprehensive income | 0 | 0 |
Deferred tax assets, at 31 December | 0 | 28 |
Deferred tax liabilities, at 1 January | 0 | (38) |
(Charge) credit to the income statement | 2 | (22) |
(Charge) credit to other comprehensive income | (54) | 60 |
Exchange and other adjustments | 0 | |
Deferred tax liabilities, at 31 December | (52) | 0 |
Prior to offsetting of balances within same taxing jurisdiction | The Group | Other temporary differences | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax assets, at 1 January | 226 | 132 |
Credit (charge) to the income statement | (50) | 94 |
Credit (charge) to other comprehensive income | 0 | 0 |
Deferred tax assets, at 31 December | 176 | 226 |
Deferred tax liabilities, at 1 January | (204) | (111) |
(Charge) credit to the income statement | (115) | (94) |
(Charge) credit to other comprehensive income | 0 | 0 |
Exchange and other adjustments | 1 | |
Deferred tax liabilities, at 31 December | (319) | (204) |
Prior to offsetting of balances within same taxing jurisdiction | The Group | Capitalised software enhancements | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax liabilities, at 1 January | (228) | (21) |
(Charge) credit to the income statement | (47) | (207) |
(Charge) credit to other comprehensive income | 0 | 0 |
Exchange and other adjustments | 0 | |
Deferred tax liabilities, at 31 December | (275) | (228) |
Prior to offsetting of balances within same taxing jurisdiction | The Group | Acquisition fair value | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax liabilities, at 1 January | (336) | (483) |
(Charge) credit to the income statement | (16) | 147 |
(Charge) credit to other comprehensive income | 0 | 0 |
Exchange and other adjustments | 0 | |
Deferred tax liabilities, at 31 December | (352) | (336) |
Prior to offsetting of balances within same taxing jurisdiction | The Group | Pension assets | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax liabilities, at 1 January | (392) | (150) |
(Charge) credit to the income statement | (93) | (77) |
(Charge) credit to other comprehensive income | (846) | (165) |
Exchange and other adjustments | 0 | |
Deferred tax liabilities, at 31 December | (1,331) | (392) |
Prior to offsetting of balances within same taxing jurisdiction | The Bank | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax assets, at 1 January | 3,042 | 2,734 |
Credit (charge) to the income statement | 783 | 290 |
Credit (charge) to other comprehensive income | 36 | 18 |
Deferred tax assets, at 31 December | 3,861 | 3,042 |
Deferred tax liabilities, at 1 January | (933) | (705) |
(Charge) credit to the income statement | (54) | (194) |
(Charge) credit to other comprehensive income | (440) | (35) |
Exchange and other adjustments | 1 | |
Deferred tax liabilities, at 31 December | (1,427) | (933) |
Prior to offsetting of balances within same taxing jurisdiction | The Bank | Tax losses | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax assets, at 1 January | 2,507 | 2,198 |
Credit (charge) to the income statement | 683 | 309 |
Credit (charge) to other comprehensive income | 0 | 0 |
Deferred tax assets, at 31 December | 3,190 | 2,507 |
Prior to offsetting of balances within same taxing jurisdiction | The Bank | Property, plant and equipment | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax assets, at 1 January | 305 | 343 |
Credit (charge) to the income statement | 101 | (38) |
Credit (charge) to other comprehensive income | 0 | 0 |
Deferred tax assets, at 31 December | 406 | 305 |
Prior to offsetting of balances within same taxing jurisdiction | The Bank | Provisions | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax assets, at 1 January | 160 | 128 |
Credit (charge) to the income statement | 14 | 10 |
Credit (charge) to other comprehensive income | 36 | 22 |
Deferred tax assets, at 31 December | 210 | 160 |
Prior to offsetting of balances within same taxing jurisdiction | The Bank | Share-based payments | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax assets, at 1 January | 18 | 19 |
Credit (charge) to the income statement | (8) | (1) |
Credit (charge) to other comprehensive income | 0 | 0 |
Deferred tax assets, at 31 December | 10 | 18 |
Prior to offsetting of balances within same taxing jurisdiction | The Bank | Pension liabilities | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax assets, at 1 January | 30 | 33 |
Credit (charge) to the income statement | 6 | 1 |
Credit (charge) to other comprehensive income | 0 | (4) |
Deferred tax assets, at 31 December | 36 | 30 |
Prior to offsetting of balances within same taxing jurisdiction | The Bank | Derivatives | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax liabilities, at 1 January | (505) | (536) |
(Charge) credit to the income statement | (1) | 1 |
(Charge) credit to other comprehensive income | 190 | 30 |
Exchange and other adjustments | 0 | |
Deferred tax liabilities, at 31 December | (316) | (505) |
Prior to offsetting of balances within same taxing jurisdiction | The Bank | Assets revaluations | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax liabilities, at 1 January | (5) | (36) |
(Charge) credit to the income statement | (1) | (9) |
(Charge) credit to other comprehensive income | (46) | 40 |
Exchange and other adjustments | 0 | |
Deferred tax liabilities, at 31 December | (52) | (5) |
Prior to offsetting of balances within same taxing jurisdiction | The Bank | Other temporary differences | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax assets, at 1 January | 22 | 13 |
Credit (charge) to the income statement | (13) | 9 |
Credit (charge) to other comprehensive income | 0 | 0 |
Deferred tax assets, at 31 December | 9 | 22 |
Deferred tax liabilities, at 1 January | (4) | (17) |
(Charge) credit to the income statement | 12 | |
(Charge) credit to other comprehensive income | 0 | 0 |
Exchange and other adjustments | 1 | |
Deferred tax liabilities, at 31 December | (4) | (4) |
Prior to offsetting of balances within same taxing jurisdiction | The Bank | Capitalised software enhancements | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax liabilities, at 1 January | (212) | (19) |
(Charge) credit to the income statement | (44) | (193) |
(Charge) credit to other comprehensive income | 0 | 0 |
Exchange and other adjustments | 0 | |
Deferred tax liabilities, at 31 December | (256) | (212) |
Prior to offsetting of balances within same taxing jurisdiction | The Bank | Pension assets | ||
DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items] | ||
Deferred tax liabilities, at 1 January | (207) | (97) |
(Charge) credit to the income statement | (8) | (5) |
(Charge) credit to other comprehensive income | (584) | (105) |
Exchange and other adjustments | 0 | |
Deferred tax liabilities, at 31 December | £ (799) | £ (207) |
OTHER PROVISIONS - Schedule of
OTHER PROVISIONS - Schedule of Assumptions for Other Provisions (Details) £ in Millions | 12 Months Ended |
Dec. 31, 2021GBP (£) | |
The Group | |
OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items] | |
At 1 January | £ 1,722 |
At 31 December | 1,933 |
The Bank | |
OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items] | |
At 1 January | 968 |
At 31 December | 771 |
Provisions for financial commitments and guarantees | The Group | |
OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items] | |
At 1 January | 426 |
Exchange and other adjustments | (1) |
Provisions applied | 0 |
(Release) charge for the year | (231) |
At 31 December | 194 |
Provisions for financial commitments and guarantees | The Bank | |
OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items] | |
At 1 January | 245 |
Exchange and other adjustments | 3 |
Provisions applied | 0 |
(Release) charge for the year | (134) |
At 31 December | 114 |
Regulatory and legal provisions | The Group | |
OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items] | |
At 1 January | 520 |
Exchange and other adjustments | 37 |
Provisions applied | (680) |
(Release) charge for the year | 1,177 |
At 31 December | 1,054 |
Regulatory and legal provisions | The Bank | |
OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items] | |
At 1 January | 140 |
Exchange and other adjustments | 0 |
Provisions applied | (190) |
(Release) charge for the year | 196 |
At 31 December | 146 |
Other | The Group | |
OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items] | |
At 1 January | 776 |
Exchange and other adjustments | (9) |
Provisions applied | (260) |
(Release) charge for the year | 178 |
At 31 December | 685 |
Other | The Bank | |
OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items] | |
At 1 January | 583 |
Exchange and other adjustments | (1) |
Provisions applied | (213) |
(Release) charge for the year | 142 |
At 31 December | 511 |
Miscellaneous other provisions | The Group | |
OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items] | |
At 1 January | 1,722 |
Exchange and other adjustments | 27 |
Provisions applied | (940) |
(Release) charge for the year | 1,124 |
At 31 December | 1,933 |
Miscellaneous other provisions | The Bank | |
OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items] | |
At 1 January | 968 |
Exchange and other adjustments | 2 |
Provisions applied | (403) |
(Release) charge for the year | 204 |
At 31 December | £ 771 |
OTHER PROVISIONS - Narrative (D
OTHER PROVISIONS - Narrative (Details) - The Group - GBP (£) £ in Millions | 3 Months Ended | 12 Months Ended | 36 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | |
OTHER PROVISIONS (Details) - Narrative [Line Items] | |||||
Other provisions | £ 1,933 | £ 1,933 | £ 1,933 | £ 1,722 | |
Restructuring provision | 187 | 187 | 187 | 196 | |
Payment Protection Insurance | |||||
OTHER PROVISIONS (Details) - Narrative [Line Items] | |||||
Other provisions | 20 | 20 | 20 | ||
Total payment protection insurance to date | 21,906 | ||||
Provision used, other provisions | 178 | ||||
HBOS | |||||
OTHER PROVISIONS (Details) - Narrative [Line Items] | |||||
Value of offers after compensation assessment | 600 | 790 | £ 109 | ||
Ex gratia payments | 15 | ||||
Payments in respect of settlements, reimbursement rights | £ 6 | ||||
Lifetime cost of legal claim | 1,225 | ||||
Regulatory and legal provisions | |||||
OTHER PROVISIONS (Details) - Narrative [Line Items] | |||||
(Release) charge for the year | 1,177 | ||||
Other provisions | 1,054 | 1,054 | 1,054 | 520 | |
Provision used, other provisions | 680 | ||||
Arreas handling | |||||
OTHER PROVISIONS (Details) - Narrative [Line Items] | |||||
Other provisions | 26 | 26 | 26 | ||
Arreas handling | Management fees and activities | |||||
OTHER PROVISIONS (Details) - Narrative [Line Items] | |||||
Total arrears handling to date | 1,026 | ||||
Relating to the transitional service agreement | TSB Banking Group plc | |||||
OTHER PROVISIONS (Details) - Narrative [Line Items] | |||||
Other provisions | 90 | 90 | 90 | ||
Total TSB various ongoing commitments to date today | 665 | ||||
Indemnities and other matters relating to legacy business disposals | |||||
OTHER PROVISIONS (Details) - Narrative [Line Items] | |||||
Other provisions | 78 | 78 | 78 | £ 112 | |
Dilapidations, rent reviews and other property related matters | |||||
OTHER PROVISIONS (Details) - Narrative [Line Items] | |||||
Other provisions | £ 114 | £ 114 | £ 114 |
SUBORDINATED LIABILITIES - Sche
SUBORDINATED LIABILITIES - Schedule of Movement in Subordinated Liabilities (Details) € in Millions | 12 Months Ended | ||||||
Dec. 31, 2021GBP (£) | Dec. 31, 2020GBP (£) | Dec. 31, 2019GBP (£) | Dec. 31, 2021USD ($) | Dec. 31, 2021EUR (€) | Dec. 31, 2020USD ($) | Dec. 31, 2020EUR (€) | |
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 2.30% | 2.42% | 2.25% | 2.30% | 2.30% | 2.42% | 2.42% |
At 1 January | £ 9,242,000,000 | ||||||
At 31 December | £ 9,242,000,000 | ||||||
The Group | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
At 1 January | 9,242,000,000 | 12,586,000,000 | |||||
Issued during the year | 3,262,000,000 | 303,000,000 | £ 780,000,000 | ||||
Increase due to issuance of subordinated liabilities | 3,262,000,000 | 1,067,000,000 | |||||
Decrease through repurchases and redemptions | 3,790,000,000 | 4,748,000,000 | |||||
Foreign exchange movements | (63,000,000) | 61,000,000 | |||||
Other movements (cash and non-cash) | (7,000,000) | (276,000,000) | |||||
At 31 December | 8,658,000,000 | 9,242,000,000 | 12,586,000,000 | ||||
Repayments of subordinated liabilities | (3,745,000,000) | (4,156,000,000) | (762,000,000) | ||||
Interest paid, classified as financing activities | £ (525,000,000) | (852,000,000) | (906,000,000) | ||||
The Group | 2.6787% Fixed rate bond due 2025 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | £ 303,000,000 | ||||||
The Group | 2.6787% Fixed rate bond due 2025 | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 2.6787% | 2.6787% | 2.6787% | ||||
The Group | £914,633,000 2.73% Dated Subordinated Fixed Rate Reset Notes due 2035 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | £ 914,633,000 | ||||||
Issued during the year | £ 471,000,000 | ||||||
The Group | £914,633,000 2.73% Dated Subordinated Fixed Rate Reset Notes due 2035 | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 2.73% | 2.73% | 2.73% | ||||
The Group | £393,939,000 2.61% Dated Subordinated Fixed Rate Reset Notes due 2035 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | £ 393,939,000 | ||||||
Issued during the year | £ 293,000,000 | ||||||
The Group | £393,939,000 2.61% Dated Subordinated Fixed Rate Reset Notes due 2035 | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 2.61% | 2.61% | 2.61% | ||||
The Group | 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | $ 2,000,000,000 | ||||||
Repurchases and redemptions during the year | £ (119,000,000) | ||||||
The Group | 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) | Fixed to floating interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 12.00% | 12.00% | 12.00% | ||||
The Group | 13% Sterling Step-up Perpetual Capital Securities callable 2029 (£700 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 13.00% | 13.00% | 13.00% | ||||
Notional amount | £ 700,000,000 | ||||||
Repurchases and redemptions during the year | (519,000,000) | ||||||
The Group | 7.281% Perpetual Regulatory Tier One Securities (Series B) (£150 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 7.281% | 7.281% | 7.281% | ||||
Notional amount | £ 150,000,000 | ||||||
Repurchases and redemptions during the year | (123,000,000) | ||||||
The Group | 6.85% Non-cumulative Perpetual Preferred Securities (US$1,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 6.85% | 6.85% | 6.85% | ||||
Notional amount | $ | $ 1,000,000,000 | ||||||
Repurchases and redemptions during the year | (580,000,000) | ||||||
The Group | 7.881% Guaranteed Non-voting Non-cumulative Preferred Securities (£245 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 7.881% | 7.881% | 7.881% | ||||
Notional amount | £ 245,000,000 | ||||||
Repurchases and redemptions during the year | £ (289,000,000) | ||||||
The Group | 6.5% Dated Subordinated Notes 2020 (€1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 6.50% | 6.50% | 6.50% | ||||
Notional amount | € | € 1,500 | ||||||
Repurchases and redemptions during the year | £ (1,464,000,000) | ||||||
The Group | 4.50% Fixed Rate Step-up Subordinated Notes due 2030 (€309 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | € | € 309 | ||||||
Repurchases and redemptions during the year | (276,000,000) | ||||||
The Group | 4.50% Fixed Rate Step-up Subordinated Notes due 2030 (€309 million) | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 4.50% | 4.50% | 4.50% | ||||
The Group | 5.75% Subordinated Fixed to Floating Rate Notes 2025 callable 2020 (£350 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | 350,000,000 | ||||||
Repurchases and redemptions during the year | £ (370,000,000) | ||||||
The Group | 5.75% Subordinated Fixed to Floating Rate Notes 2025 callable 2020 (£350 million) | Fixed to floating interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 5.75% | 5.75% | 5.75% | ||||
The Group | 6.50% Subordinated Fixed Rate Notes 2020 (US$2,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | $ 2,000,000,000 | ||||||
Repurchases and redemptions during the year | £ (674,000,000) | ||||||
The Group | 6.50% Subordinated Fixed Rate Notes 2020 (US$2,000 million) | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 6.50% | 6.50% | 6.50% | ||||
The Group | Subordinated Floating Rate Notes 2020 (€100 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | £ (90,000,000) | ||||||
The Group | Subordinated Floating Rate Notes 2020 (€100 million) | Floating interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | € | € 100 | ||||||
The Group | 9.625% Subordinated Bonds 2023 (£300 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 9.625% | 9.625% | 9.625% | ||||
Notional amount | £ 300,000,000 | ||||||
Repurchases and redemptions during the year | (240,000,000) | ||||||
The Group | 7.375% Dated Subordinated Notes 2020 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 7.375% | 7.375% | 7.375% | ||||
Repurchases and redemptions during the year | (4,000,000) | ||||||
The Group | 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | $ 1,500,000,000 | ||||||
Issued during the year | £ 1,074,000,000 | ||||||
The Group | 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 3.916% | 3.916% | 3.916% | ||||
The Group | 3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | £ 500,000,000 | ||||||
Issued during the year | £ 888,000,000 | ||||||
The Group | 3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 3.724% | 3.724% | 3.724% | ||||
The Group | 2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | $ 1,750,000,000 | ||||||
Issued during the year | £ 1,300,000,000 | ||||||
The Group | 2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 2.754% | 2.754% | 2.754% | ||||
The Group | 7.754% Non-cumulative Perpetual Preferred Securities (Class B) (£150 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 7.754% | 7.754% | 7.754% | ||||
Notional amount | £ 150,000,000 | ||||||
Repurchases and redemptions during the year | (156,000,000) | ||||||
The Group | Series 2 (US$500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | $ 500,000,000 | ||||||
Repurchases and redemptions during the year | (94,000,000) | ||||||
The Group | Series 3 (US$600 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | 600,000,000 | ||||||
Repurchases and redemptions during the year | (120,000,000) | ||||||
The Group | Floating Rate Primary Capital Notes (US$250 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (24,000,000) | ||||||
The Group | Floating Rate Primary Capital Notes (US$250 million) | Floating interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | 250,000,000 | ||||||
The Group | Series 1 (US$750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | $ 750,000,000 | ||||||
Repurchases and redemptions during the year | £ (97,000,000) | ||||||
The Group | 9.375% Subordinated Bonds 2021 (£500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 9.375% | 9.375% | 9.375% | ||||
Notional amount | £ 500,000,000 | ||||||
Repurchases and redemptions during the year | (200,000,000) | ||||||
The Group | 5.374% Subordinated Fixed Rate Notes 2021 (€160 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | € | € 160 | ||||||
Repurchases and redemptions during the year | £ (145,000,000) | ||||||
The Group | 5.374% Subordinated Fixed Rate Notes 2021 (€160 million) | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 5.374% | 5.374% | 5.374% | ||||
The Group | 4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | $ 1,500,000,000 | ||||||
Repurchases and redemptions during the year | £ (1,122,000,000) | ||||||
The Group | 4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 4.553% | 4.553% | 4.553% | ||||
The Group | 6% Subordinated Notes 2033 (US$750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 6.00% | 6.00% | 6.00% | ||||
Notional amount | $ | $ 750,000,000 | ||||||
Repurchases and redemptions during the year | £ (216,000,000) | ||||||
The Group | 4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | $ 824,000,000 | ||||||
Repurchases and redemptions during the year | £ (612,000,000) | ||||||
The Group | 4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 4.293% | 4.293% | 4.293% | ||||
The Group | 4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | $ 1,353,000,000 | ||||||
Repurchases and redemptions during the year | £ (1,004,000,000) | ||||||
The Group | 4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 4.503% | 4.503% | 4.503% | ||||
The Group | Preferred securities | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
At 1 January | £ 1,772,000,000 | 3,267,000,000 | |||||
Increase due to issuance of subordinated liabilities | 0 | 0 | |||||
Decrease through repurchases and redemptions | 156,000,000 | 1,630,000,000 | |||||
Foreign exchange movements | 17,000,000 | (59,000,000) | |||||
Other movements (cash and non-cash) | (28,000,000) | (194,000,000) | |||||
At 31 December | 1,661,000,000 | 1,772,000,000 | 3,267,000,000 | ||||
The Group | Preferred securities | 2.6787% Fixed rate bond due 2025 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Group | Preferred securities | £914,633,000 2.73% Dated Subordinated Fixed Rate Reset Notes due 2035 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Group | Preferred securities | £393,939,000 2.61% Dated Subordinated Fixed Rate Reset Notes due 2035 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Group | Preferred securities | 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (119,000,000) | ||||||
The Group | Preferred securities | 13% Sterling Step-up Perpetual Capital Securities callable 2029 (£700 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (519,000,000) | ||||||
The Group | Preferred securities | 7.281% Perpetual Regulatory Tier One Securities (Series B) (£150 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (123,000,000) | ||||||
The Group | Preferred securities | 6.85% Non-cumulative Perpetual Preferred Securities (US$1,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (580,000,000) | ||||||
The Group | Preferred securities | 7.881% Guaranteed Non-voting Non-cumulative Preferred Securities (£245 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (289,000,000) | ||||||
The Group | Preferred securities | 6.5% Dated Subordinated Notes 2020 (€1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Preferred securities | 4.50% Fixed Rate Step-up Subordinated Notes due 2030 (€309 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Preferred securities | 5.75% Subordinated Fixed to Floating Rate Notes 2025 callable 2020 (£350 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Preferred securities | 6.50% Subordinated Fixed Rate Notes 2020 (US$2,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Preferred securities | Subordinated Floating Rate Notes 2020 (€100 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Preferred securities | 9.625% Subordinated Bonds 2023 (£300 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Preferred securities | 7.375% Dated Subordinated Notes 2020 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Preferred securities | 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Group | Preferred securities | 3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Group | Preferred securities | 2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Group | Preferred securities | 7.754% Non-cumulative Perpetual Preferred Securities (Class B) (£150 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (156,000,000) | ||||||
The Group | Preferred securities | Series 2 (US$500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Preferred securities | Series 3 (US$600 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Preferred securities | Floating Rate Primary Capital Notes (US$250 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Preferred securities | Series 1 (US$750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Preferred securities | 9.375% Subordinated Bonds 2021 (£500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Preferred securities | 5.374% Subordinated Fixed Rate Notes 2021 (€160 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Preferred securities | 4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Preferred securities | 6% Subordinated Notes 2033 (US$750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Preferred securities | 4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Preferred securities | 4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | |||||||
The Group | Undated subordinated liabilities | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
At 1 January | 505,000,000 | 516,000,000 | |||||
Increase due to issuance of subordinated liabilities | 0 | 0 | |||||
Decrease through repurchases and redemptions | 335,000,000 | 0 | |||||
Foreign exchange movements | 0 | 15,000,000 | |||||
Other movements (cash and non-cash) | 0 | 26,000,000 | |||||
At 31 December | 170,000,000 | 505,000,000 | 516,000,000 | ||||
The Group | Undated subordinated liabilities | 2.6787% Fixed rate bond due 2025 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Group | Undated subordinated liabilities | £914,633,000 2.73% Dated Subordinated Fixed Rate Reset Notes due 2035 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Group | Undated subordinated liabilities | £393,939,000 2.61% Dated Subordinated Fixed Rate Reset Notes due 2035 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 13% Sterling Step-up Perpetual Capital Securities callable 2029 (£700 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 7.281% Perpetual Regulatory Tier One Securities (Series B) (£150 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 6.85% Non-cumulative Perpetual Preferred Securities (US$1,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 7.881% Guaranteed Non-voting Non-cumulative Preferred Securities (£245 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 6.5% Dated Subordinated Notes 2020 (€1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 4.50% Fixed Rate Step-up Subordinated Notes due 2030 (€309 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 5.75% Subordinated Fixed to Floating Rate Notes 2025 callable 2020 (£350 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 6.50% Subordinated Fixed Rate Notes 2020 (US$2,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Undated subordinated liabilities | Subordinated Floating Rate Notes 2020 (€100 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 9.625% Subordinated Bonds 2023 (£300 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 7.375% Dated Subordinated Notes 2020 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 7.754% Non-cumulative Perpetual Preferred Securities (Class B) (£150 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Undated subordinated liabilities | Series 2 (US$500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (94,000,000) | ||||||
The Group | Undated subordinated liabilities | Series 3 (US$600 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (120,000,000) | ||||||
The Group | Undated subordinated liabilities | Floating Rate Primary Capital Notes (US$250 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (24,000,000) | ||||||
The Group | Undated subordinated liabilities | Series 1 (US$750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (97,000,000) | ||||||
The Group | Undated subordinated liabilities | 9.375% Subordinated Bonds 2021 (£500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 5.374% Subordinated Fixed Rate Notes 2021 (€160 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 6% Subordinated Notes 2033 (US$750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Undated subordinated liabilities | 4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | |||||||
The Group | Dated subordinated liabilities | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
At 1 January | 6,965,000,000 | 8,803,000,000 | |||||
Increase due to issuance of subordinated liabilities | 3,262,000,000 | 1,067,000,000 | |||||
Decrease through repurchases and redemptions | 3,299,000,000 | 3,118,000,000 | |||||
Foreign exchange movements | (80,000,000) | 105,000,000 | |||||
Other movements (cash and non-cash) | 21,000,000 | (108,000,000) | |||||
At 31 December | 6,827,000,000 | 6,965,000,000 | 8,803,000,000 | ||||
The Group | Dated subordinated liabilities | 2.6787% Fixed rate bond due 2025 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 303,000,000 | ||||||
The Group | Dated subordinated liabilities | £914,633,000 2.73% Dated Subordinated Fixed Rate Reset Notes due 2035 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 471,000,000 | ||||||
The Group | Dated subordinated liabilities | £393,939,000 2.61% Dated Subordinated Fixed Rate Reset Notes due 2035 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 293,000,000 | ||||||
The Group | Dated subordinated liabilities | 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Dated subordinated liabilities | 13% Sterling Step-up Perpetual Capital Securities callable 2029 (£700 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Dated subordinated liabilities | 7.281% Perpetual Regulatory Tier One Securities (Series B) (£150 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Dated subordinated liabilities | 6.85% Non-cumulative Perpetual Preferred Securities (US$1,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Dated subordinated liabilities | 7.881% Guaranteed Non-voting Non-cumulative Preferred Securities (£245 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Dated subordinated liabilities | 6.5% Dated Subordinated Notes 2020 (€1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (1,464,000,000) | ||||||
The Group | Dated subordinated liabilities | 4.50% Fixed Rate Step-up Subordinated Notes due 2030 (€309 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (276,000,000) | ||||||
The Group | Dated subordinated liabilities | 5.75% Subordinated Fixed to Floating Rate Notes 2025 callable 2020 (£350 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (370,000,000) | ||||||
The Group | Dated subordinated liabilities | 6.50% Subordinated Fixed Rate Notes 2020 (US$2,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (674,000,000) | ||||||
The Group | Dated subordinated liabilities | Subordinated Floating Rate Notes 2020 (€100 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (90,000,000) | ||||||
The Group | Dated subordinated liabilities | 9.625% Subordinated Bonds 2023 (£300 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (240,000,000) | ||||||
The Group | Dated subordinated liabilities | 7.375% Dated Subordinated Notes 2020 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (4,000,000) | ||||||
The Group | Dated subordinated liabilities | 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 1,074,000,000 | ||||||
The Group | Dated subordinated liabilities | 3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 888,000,000 | ||||||
The Group | Dated subordinated liabilities | 2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 1,300,000,000 | ||||||
The Group | Dated subordinated liabilities | 7.754% Non-cumulative Perpetual Preferred Securities (Class B) (£150 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Dated subordinated liabilities | Series 2 (US$500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Dated subordinated liabilities | Series 3 (US$600 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Dated subordinated liabilities | Floating Rate Primary Capital Notes (US$250 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Dated subordinated liabilities | Series 1 (US$750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Group | Dated subordinated liabilities | 9.375% Subordinated Bonds 2021 (£500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (200,000,000) | ||||||
The Group | Dated subordinated liabilities | 5.374% Subordinated Fixed Rate Notes 2021 (€160 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (145,000,000) | ||||||
The Group | Dated subordinated liabilities | 4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (1,122,000,000) | ||||||
The Group | Dated subordinated liabilities | 6% Subordinated Notes 2033 (US$750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (216,000,000) | ||||||
The Group | Dated subordinated liabilities | 4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (612,000,000) | ||||||
The Group | Dated subordinated liabilities | 4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (1,004,000,000) | ||||||
The Bank | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
At 1 January | 7,751,000,000 | 9,909,000,000 | |||||
Issued during the year | 3,262,000,000 | 496,000,000 | 780,000,000 | ||||
Increase due to issuance of subordinated liabilities | 3,262,000,000 | 1,214,000,000 | |||||
Decrease through repurchases and redemptions | 3,048,000,000 | 3,480,000,000 | |||||
Foreign exchange movements | (24,000,000) | (3,000,000) | |||||
Other movements (cash and non-cash) | 34,000,000 | 111,000,000 | |||||
At 31 December | 7,907,000,000 | 7,751,000,000 | 9,909,000,000 | ||||
Repayments of subordinated liabilities | (3,049,000,000) | (2,726,000,000) | (184,000,000) | ||||
Interest paid, classified as financing activities | (423,000,000) | (759,000,000) | (674,000,000) | ||||
The Bank | 2.6787% Fixed rate bond due 2025 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | £ 303,000,000 | ||||||
The Bank | 2.6787% Fixed rate bond due 2025 | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 2.6787% | 2.6787% | 2.6787% | ||||
The Bank | £914,633,000 2.73% Dated Subordinated Fixed Rate Reset Notes due 2035 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | £ 914,633,000,000,000 | ||||||
Issued during the year | £ 517,000,000 | ||||||
The Bank | £914,633,000 2.73% Dated Subordinated Fixed Rate Reset Notes due 2035 | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 2.73% | 2.73% | 2.73% | ||||
The Bank | £393,939,000 2.61% Dated Subordinated Fixed Rate Reset Notes due 2035 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | £ 393,939,000,000,000 | ||||||
Issued during the year | £ 394,000,000 | ||||||
The Bank | £393,939,000 2.61% Dated Subordinated Fixed Rate Reset Notes due 2035 | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 2.61% | 2.61% | 2.61% | ||||
The Bank | 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | $ 2,000,000,000 | ||||||
Repurchases and redemptions during the year | £ (119,000,000) | ||||||
The Bank | 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) | Fixed to floating interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 12.00% | 12.00% | 12.00% | ||||
The Bank | 13% Sterling Step-up Perpetual Capital Securities callable 2029 (£700 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 13.00% | 13.00% | 13.00% | ||||
Notional amount | £ 700,000,000 | ||||||
Repurchases and redemptions during the year | £ (519,000,000) | ||||||
The Bank | 6.5% Dated Subordinated Notes 2020 (€1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 6.50% | 6.50% | 6.50% | ||||
Notional amount | € | € 1,500 | ||||||
Repurchases and redemptions during the year | £ (1,464,000,000) | ||||||
The Bank | 5.75% Subordinated Fixed to Floating Rate Notes 2025 callable 2020 (£350 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | 350,000,000 | ||||||
Repurchases and redemptions during the year | £ (370,000,000) | ||||||
The Bank | 5.75% Subordinated Fixed to Floating Rate Notes 2025 callable 2020 (£350 million) | Fixed to floating interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 5.75% | 5.75% | 5.75% | ||||
The Bank | 6.50% Subordinated Fixed Rate Notes 2020 (US$2,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | $ 2,000,000,000 | ||||||
Repurchases and redemptions during the year | £ (674,000,000) | ||||||
The Bank | 6.50% Subordinated Fixed Rate Notes 2020 (US$2,000 million) | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 6.50% | 6.50% | 6.50% | ||||
The Bank | Subordinated Floating Rate Notes 2020 (€100 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | £ (90,000,000) | ||||||
The Bank | Subordinated Floating Rate Notes 2020 (€100 million) | Floating interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | € | € 100 | ||||||
The Bank | 9.625% Subordinated Bonds 2023 (£300 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 9.625% | 9.625% | 9.625% | ||||
Notional amount | £ 300,000,000 | ||||||
Repurchases and redemptions during the year | £ (240,000,000) | ||||||
The Bank | 7.375% Dated Subordinated Notes 2020 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 7.375% | 7.375% | 7.375% | ||||
Repurchases and redemptions during the year | £ (4,000,000) | ||||||
The Bank | 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | $ 1,500,000,000 | ||||||
Issued during the year | £ 1,074,000,000 | ||||||
The Bank | 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 3.916% | 3.916% | 3.916% | ||||
The Bank | 3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | £ 500,000,000 | ||||||
Issued during the year | £ 888,000,000 | ||||||
The Bank | 3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 3.724% | 3.724% | 3.724% | ||||
The Bank | 2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | $ 1,750,000,000 | ||||||
Issued during the year | £ 1,300,000,000 | ||||||
The Bank | 2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 2.754% | 2.754% | 2.754% | ||||
The Bank | Series 2 (US$500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | $ 500,000,000 | ||||||
Repurchases and redemptions during the year | £ (94,000,000) | ||||||
The Bank | Series 3 (US$600 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | 600,000,000 | ||||||
Repurchases and redemptions during the year | (120,000,000) | ||||||
The Bank | Series 1 (US$750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | 750,000,000 | ||||||
Repurchases and redemptions during the year | (96,000,000) | ||||||
The Bank | 4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | $ 1,500,000,000 | ||||||
Repurchases and redemptions during the year | £ (1,122,000,000) | ||||||
The Bank | 4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 4.553% | 4.553% | 4.553% | ||||
The Bank | 4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | $ 824,000,000 | ||||||
Repurchases and redemptions during the year | £ (612,000,000) | ||||||
The Bank | 4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 4.293% | 4.293% | 4.293% | ||||
The Bank | 4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Notional amount | $ | $ 1,353,000,000 | ||||||
Repurchases and redemptions during the year | £ (1,004,000,000) | ||||||
The Bank | 4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) | Fixed interest rate | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Borrowings, interest rate (in percent) | 4.503% | 4.503% | 4.503% | ||||
The Bank | Preferred securities | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
At 1 January | £ 1,572,000,000 | 2,234,000,000 | |||||
Increase due to issuance of subordinated liabilities | 0 | 0 | |||||
Decrease through repurchases and redemptions | 0 | 638,000,000 | |||||
Foreign exchange movements | 17,000,000 | (43,000,000) | |||||
Other movements (cash and non-cash) | (37,000,000) | 19,000,000 | |||||
At 31 December | 1,626,000,000 | 1,572,000,000 | 2,234,000,000 | ||||
The Bank | Preferred securities | 2.6787% Fixed rate bond due 2025 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Bank | Preferred securities | £914,633,000 2.73% Dated Subordinated Fixed Rate Reset Notes due 2035 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Bank | Preferred securities | £393,939,000 2.61% Dated Subordinated Fixed Rate Reset Notes due 2035 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Bank | Preferred securities | 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (119,000,000) | ||||||
The Bank | Preferred securities | 13% Sterling Step-up Perpetual Capital Securities callable 2029 (£700 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (519,000,000) | ||||||
The Bank | Preferred securities | 6.5% Dated Subordinated Notes 2020 (€1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Preferred securities | 5.75% Subordinated Fixed to Floating Rate Notes 2025 callable 2020 (£350 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Preferred securities | 6.50% Subordinated Fixed Rate Notes 2020 (US$2,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Preferred securities | Subordinated Floating Rate Notes 2020 (€100 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Preferred securities | 9.625% Subordinated Bonds 2023 (£300 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Preferred securities | 7.375% Dated Subordinated Notes 2020 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Preferred securities | 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Bank | Preferred securities | 3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Bank | Preferred securities | 2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Bank | Preferred securities | Series 2 (US$500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Preferred securities | Series 3 (US$600 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Preferred securities | Series 1 (US$750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Preferred securities | 4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Preferred securities | 4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Preferred securities | 4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Undated subordinated liabilities | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
At 1 January | 414,000,000 | 425,000,000 | |||||
Increase due to issuance of subordinated liabilities | 0 | 0 | |||||
Decrease through repurchases and redemptions | 310,000,000 | 0 | |||||
Foreign exchange movements | (1,000,000) | (10,000,000) | |||||
Other movements (cash and non-cash) | 1,000,000 | (1,000,000) | |||||
At 31 December | 102,000,000 | 414,000,000 | 425,000,000 | ||||
The Bank | Undated subordinated liabilities | 2.6787% Fixed rate bond due 2025 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Bank | Undated subordinated liabilities | £914,633,000 2.73% Dated Subordinated Fixed Rate Reset Notes due 2035 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Bank | Undated subordinated liabilities | £393,939,000 2.61% Dated Subordinated Fixed Rate Reset Notes due 2035 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Bank | Undated subordinated liabilities | 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Undated subordinated liabilities | 13% Sterling Step-up Perpetual Capital Securities callable 2029 (£700 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Undated subordinated liabilities | 6.5% Dated Subordinated Notes 2020 (€1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Undated subordinated liabilities | 5.75% Subordinated Fixed to Floating Rate Notes 2025 callable 2020 (£350 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Undated subordinated liabilities | 6.50% Subordinated Fixed Rate Notes 2020 (US$2,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Undated subordinated liabilities | Subordinated Floating Rate Notes 2020 (€100 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Undated subordinated liabilities | 9.625% Subordinated Bonds 2023 (£300 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Undated subordinated liabilities | 7.375% Dated Subordinated Notes 2020 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Undated subordinated liabilities | 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Bank | Undated subordinated liabilities | 3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Bank | Undated subordinated liabilities | 2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 0 | ||||||
The Bank | Undated subordinated liabilities | Series 2 (US$500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (94,000,000) | ||||||
The Bank | Undated subordinated liabilities | Series 3 (US$600 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (120,000,000) | ||||||
The Bank | Undated subordinated liabilities | Series 1 (US$750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (96,000,000) | ||||||
The Bank | Undated subordinated liabilities | 4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Undated subordinated liabilities | 4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Undated subordinated liabilities | 4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Dated subordinated liabilities | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
At 1 January | 5,765,000,000 | 7,250,000,000 | |||||
Increase due to issuance of subordinated liabilities | 3,262,000,000 | 1,214,000,000 | |||||
Decrease through repurchases and redemptions | 2,738,000,000 | 2,842,000,000 | |||||
Foreign exchange movements | (40,000,000) | 50,000,000 | |||||
Other movements (cash and non-cash) | 70,000,000 | 93,000,000 | |||||
At 31 December | 6,179,000,000 | 5,765,000,000 | £ 7,250,000,000 | ||||
The Bank | Dated subordinated liabilities | 2.6787% Fixed rate bond due 2025 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 303,000,000 | ||||||
The Bank | Dated subordinated liabilities | £914,633,000 2.73% Dated Subordinated Fixed Rate Reset Notes due 2035 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 517,000,000 | ||||||
The Bank | Dated subordinated liabilities | £393,939,000 2.61% Dated Subordinated Fixed Rate Reset Notes due 2035 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 394,000,000 | ||||||
The Bank | Dated subordinated liabilities | 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Dated subordinated liabilities | 13% Sterling Step-up Perpetual Capital Securities callable 2029 (£700 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Dated subordinated liabilities | 6.5% Dated Subordinated Notes 2020 (€1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (1,464,000,000) | ||||||
The Bank | Dated subordinated liabilities | 5.75% Subordinated Fixed to Floating Rate Notes 2025 callable 2020 (£350 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (370,000,000) | ||||||
The Bank | Dated subordinated liabilities | 6.50% Subordinated Fixed Rate Notes 2020 (US$2,000 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (674,000,000) | ||||||
The Bank | Dated subordinated liabilities | Subordinated Floating Rate Notes 2020 (€100 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (90,000,000) | ||||||
The Bank | Dated subordinated liabilities | 9.625% Subordinated Bonds 2023 (£300 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (240,000,000) | ||||||
The Bank | Dated subordinated liabilities | 7.375% Dated Subordinated Notes 2020 | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | £ (4,000,000) | ||||||
The Bank | Dated subordinated liabilities | 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 1,074,000,000 | ||||||
The Bank | Dated subordinated liabilities | 3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 888,000,000 | ||||||
The Bank | Dated subordinated liabilities | 2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Issued during the year | 1,300,000,000 | ||||||
The Bank | Dated subordinated liabilities | Series 2 (US$500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Dated subordinated liabilities | Series 3 (US$600 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Dated subordinated liabilities | Series 1 (US$750 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
The Bank | Dated subordinated liabilities | 4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (1,122,000,000) | ||||||
The Bank | Dated subordinated liabilities | 4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | (612,000,000) | ||||||
The Bank | Dated subordinated liabilities | 4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) | |||||||
SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items] | |||||||
Repurchases and redemptions during the year | £ (1,004,000,000) |
SHARE CAPITAL - Schedule of Iss
SHARE CAPITAL - Schedule of Issued and Fully Paid Share Capital (Details) - GBP (£) £ / shares in Units, £ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
SHARE CAPITAL (Details) - Schedule of Authorised Share Capital [Line Items] | ||||
At 1 January, shares outstanding (in shares) | 1,574,285,752 | 1,574,285,751 | 1,574,285,751 | |
1 January, issued capital | £ 1,574 | £ 1,574 | £ 1,574 | £ 1,574 |
Number of ordinary shares issued (in shares) | 0 | 1 | 0 | |
Proceeds from issue of ordinary shares | £ 0 | £ 0 | £ 0 | |
At 31 December, shares outstanding (in shares) | 1,574,285,752 | 1,574,285,752 | 1,574,285,751 | |
31 December, issued capital | £ 1,574 | £ 1,574 | £ 1,574 | |
Ordinary shares, nominal value 1 pound each | ||||
SHARE CAPITAL (Details) - Schedule of Authorised Share Capital [Line Items] | ||||
Ordinary shares per share value (in GBP per share) | £ 1 | £ 1 |
SHARE PREMIUM ACCOUNT - Schedul
SHARE PREMIUM ACCOUNT - Schedule of Share Premium Account (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure For Share Premium Account Explanatory [Abstract] | |||
At 1 January and 31 December | £ 600 | £ 600 | £ 600 |
OTHER RESERVES (Details) - Sche
OTHER RESERVES (Details) - Schedule of Other Reserves - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
The Group | |||
OTHER RESERVES (Details) - Schedule of Other Reserves [Line Items] | |||
Merger reserve | £ 6,348 | £ 6,348 | £ 6,348 |
Cash flow hedging reserve | (451) | 1,507 | 1,556 |
Foreign currency translation reserve | (135) | (116) | (116) |
At 31 December | 5,400 | 7,181 | 7,250 |
The Bank | |||
OTHER RESERVES (Details) - Schedule of Other Reserves [Line Items] | |||
Merger reserve | 0 | 0 | 0 |
Cash flow hedging reserve | 720 | 1,367 | 1,607 |
Foreign currency translation reserve | (1) | 1 | 0 |
At 31 December | 824 | 1,382 | 1,710 |
Debt securities | The Group | |||
OTHER RESERVES (Details) - Schedule of Other Reserves [Line Items] | |||
Revaluation reserve at fair value through other comprehensive income | (362) | (558) | (538) |
Debt securities | The Bank | |||
OTHER RESERVES (Details) - Schedule of Other Reserves [Line Items] | |||
Revaluation reserve at fair value through other comprehensive income | 105 | 14 | 103 |
Equity securities | The Group | |||
OTHER RESERVES (Details) - Schedule of Other Reserves [Line Items] | |||
Revaluation reserve at fair value through other comprehensive income | 0 | 0 | 0 |
Equity securities | The Bank | |||
OTHER RESERVES (Details) - Schedule of Other Reserves [Line Items] | |||
Revaluation reserve at fair value through other comprehensive income | £ 0 | £ 0 | £ 0 |
OTHER RESERVES (Details) - Sc_2
OTHER RESERVES (Details) - Schedule of Revaluation Reserve in Respect of Debt Securities - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
The Group | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of debt securities [Line Items] | |||
Change in fair value | £ 0 | £ 0 | £ 0 |
Fair value gains (losses) on financial assets reclassified out of available-for-sale financial assets recognised in other comprehensive income | 3 | 0 | |
The Bank | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of debt securities [Line Items] | |||
Change in fair value | 0 | 0 | 0 |
Fair value gains (losses) on financial assets reclassified out of available-for-sale financial assets recognised in other comprehensive income | 2 | 0 | |
Debt securities | The Group | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of debt securities [Line Items] | |||
At 1 January | (558) | (538) | |
At 31 December | (362) | (558) | (538) |
Debt securities | The Group | Revaluation reserve in respect of debt securities held at fair value through other comprehensive income | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of debt securities [Line Items] | |||
At 1 January | (558) | (538) | (379) |
Change in fair value | 137 | 46 | (34) |
Deferred tax | (44) | 29 | 11 |
Current tax | 0 | (2) | 0 |
Fair value gains (losses) on financial assets reclassified out of available-for-sale financial assets recognised in other comprehensive income | 93 | 73 | (23) |
Impairment credit | (2) | 5 | (1) |
At 31 December | (362) | (558) | (538) |
Debt securities | The Group | Revaluation reserve in respect of debt securities held at fair value through other comprehensive income | Income statement transfers | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of debt securities [Line Items] | |||
Income statement transfers in respect of disposals (note 8) | 116 | (145) | (196) |
Deferred tax | (11) | 47 | 61 |
Net Income statement transfers | 105 | (98) | (135) |
Debt securities | The Bank | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of debt securities [Line Items] | |||
At 1 January | 14 | 103 | |
At 31 December | 105 | 14 | 103 |
Debt securities | The Bank | Revaluation reserve in respect of debt securities held at fair value through other comprehensive income | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of debt securities [Line Items] | |||
At 1 January | 14 | 103 | 281 |
Change in fair value | 139 | 12 | (50) |
Deferred tax | (47) | (8) | 13 |
Current tax | 0 | 0 | 0 |
Fair value gains (losses) on financial assets reclassified out of available-for-sale financial assets recognised in other comprehensive income | 92 | 4 | (37) |
Impairment credit | 1 | 1 | (1) |
At 31 December | 105 | 14 | 103 |
Debt securities | The Bank | Revaluation reserve in respect of debt securities held at fair value through other comprehensive income | Income statement transfers | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of debt securities [Line Items] | |||
Income statement transfers in respect of disposals (note 8) | (2) | (138) | (201) |
Deferred tax | 0 | 44 | 61 |
Net Income statement transfers | £ (2) | £ (94) | £ (140) |
OTHER RESERVES (Details) - Sc_3
OTHER RESERVES (Details) - Schedule of Revaluation Reserve in Respect of Equity Shares - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
The Group | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of equity shares [Line Items] | |||
Change in fair value | £ 0 | £ 0 | £ 0 |
The Group | Equity shares | Revaluation reserve in respect of debt securities held at fair value through other comprehensive income | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of equity shares [Line Items] | |||
At 1 January | 0 | 0 | 0 |
Change in fair value | 0 | 0 | 0 |
Deferred tax | 1 | (16) | 12 |
Other comprehensive income, before tax, gains (losses) on revaluation | 1 | (16) | 12 |
At 31 December | 0 | 0 | 0 |
The Bank | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of equity shares [Line Items] | |||
Change in fair value | 0 | 0 | 0 |
The Bank | Equity shares | Revaluation reserve in respect of debt securities held at fair value through other comprehensive income | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of equity shares [Line Items] | |||
At 1 January | 0 | 0 | 0 |
Change in fair value | 0 | 0 | 0 |
Deferred tax | 1 | 4 | 12 |
Other comprehensive income, before tax, gains (losses) on revaluation | 1 | 4 | 12 |
At 31 December | 0 | 0 | 0 |
Retained profits | The Group | Equity shares | Revaluation reserve in respect of debt securities held at fair value through other comprehensive income | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of equity shares [Line Items] | |||
Realised gains and losses transferred to retained profits | 0 | 0 | 0 |
Deferred tax | (1) | 16 | (12) |
Other comprehensive income, net of tax, gains (losses) on revaluation | (1) | 16 | (12) |
Retained profits | The Bank | Equity shares | Revaluation reserve in respect of debt securities held at fair value through other comprehensive income | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of equity shares [Line Items] | |||
Realised gains and losses transferred to retained profits | 0 | 0 | 0 |
Deferred tax | (1) | (4) | (12) |
Other comprehensive income, net of tax, gains (losses) on revaluation | £ (1) | £ (4) | £ (12) |
OTHER RESERVES (Details) - Sc_4
OTHER RESERVES (Details) - Schedule of Cash Flow Hedging Reserve - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
The Group | |||
Cash flow hedging reserve | |||
At 1 January | £ 1,507 | £ 1,556 | |
At 31 December | (451) | 1,507 | £ 1,556 |
The Group | Cash flow hedging reserve | |||
Cash flow hedging reserve | |||
At 1 January | 1,507 | 1,556 | 1,110 |
Change in fair value of hedging derivatives | (1,532) | 480 | 876 |
Net income statement transfers | (426) | (529) | (430) |
At 31 December | (451) | 1,507 | 1,556 |
The Group | Cash flow hedging reserve | Pre-tax | |||
Cash flow hedging reserve | |||
Change in fair value of hedging derivatives | (2,138) | 709 | 1,166 |
Net income statement transfers | (584) | (727) | (580) |
The Group | Cash flow hedging reserve | Deferred tax | |||
Cash flow hedging reserve | |||
Change in fair value of hedging derivatives | 606 | (229) | (290) |
Net income statement transfers | 158 | 198 | 150 |
The Bank | |||
Cash flow hedging reserve | |||
At 1 January | 1,367 | 1,607 | |
At 31 December | 720 | 1,367 | 1,607 |
The Bank | Cash flow hedging reserve | |||
Cash flow hedging reserve | |||
At 1 January | 1,367 | 1,607 | 1,268 |
Change in fair value of hedging derivatives | (356) | 19 | 675 |
Net income statement transfers | (291) | (259) | (336) |
At 31 December | 720 | 1,367 | 1,607 |
The Bank | Cash flow hedging reserve | Pre-tax | |||
Cash flow hedging reserve | |||
Change in fair value of hedging derivatives | (438) | 85 | 892 |
Net income statement transfers | (399) | (355) | (448) |
The Bank | Cash flow hedging reserve | Deferred tax | |||
Cash flow hedging reserve | |||
Change in fair value of hedging derivatives | 82 | (66) | (217) |
Net income statement transfers | £ 108 | £ 96 | £ 112 |
OTHER RESERVES (Details) - Sc_5
OTHER RESERVES (Details) - Schedule of Foreign Currency Translation Reserve - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
The Group | |||
Foreign currency translation reserve | |||
At 1 January | £ (116) | £ (116) | |
Income statement transfers | 0 | 0 | £ 0 |
At 31 December | (135) | (116) | (116) |
The Group | Reserve of change in value of foreign currency basis spreads | |||
Foreign currency translation reserve | |||
At 1 January | (116) | (116) | (114) |
Currency translation differences arising in the year | (19) | 0 | (2) |
Income statement transfers | 0 | 0 | 0 |
At 31 December | (135) | (116) | (116) |
The Bank | |||
Foreign currency translation reserve | |||
At 1 January | 1 | 0 | |
Income statement transfers | 0 | 0 | 0 |
At 31 December | (1) | 1 | 0 |
The Bank | Reserve of change in value of foreign currency basis spreads | |||
Foreign currency translation reserve | |||
At 1 January | 1 | 0 | (6) |
Currency translation differences arising in the year | (2) | 1 | 6 |
Income statement transfers | 0 | 0 | 0 |
At 31 December | £ (1) | £ 1 | £ 0 |
RETAINED PROFITS - Schedule of
RETAINED PROFITS - Schedule of Retained Profits (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
The Group | |||
RETAINED PROFITS (Details) - Schedule of Retained Profits [Line Items] | |||
At 1 January | £ 25,750 | ||
Profit attributable to ordinary shareholders (see below for the Bank) | 5,170 | £ 1,440 | £ 2,796 |
Dividends (note 36) | (2,914) | (7) | (4,138) |
Capital contributions received | 164 | 140 | 229 |
Return of capital contributions | (4) | (4) | (5) |
Issue of other equity instruments (note 35) | 1,549 | 1,070 | 1,648 |
Redemptions of other equity instruments (note 35) | (3,226) | ||
Change in non-controlling interests | (3) | (2) | (14) |
Post-retirement defined benefit scheme remeasurements | 1,062 | 113 | (1,117) |
At 31 December | 28,836 | 25,750 | |
The Bank | |||
RETAINED PROFITS (Details) - Schedule of Retained Profits [Line Items] | |||
At 1 January | 42,677 | ||
Dividends (note 36) | (2,900) | (4,100) | |
Capital contributions received | 164 | 140 | 229 |
Return of capital contributions | (4) | (4) | (5) |
Issue of other equity instruments (note 35) | 1,549 | 1,070 | (1,648) |
Redemptions of other equity instruments (note 35) | (3,226) | ||
Post-retirement defined benefit scheme remeasurements | 556 | (102) | (576) |
At 31 December | 43,681 | 42,677 | |
Retained profits | |||
RETAINED PROFITS (Details) - Schedule of Retained Profits [Line Items] | |||
Income from continuing involvement in derecognised financial assets | 0 | 1 | 0 |
Retained profits | The Group | |||
RETAINED PROFITS (Details) - Schedule of Retained Profits [Line Items] | |||
At 1 January | 25,750 | 24,549 | 27,321 |
Profit attributable to ordinary shareholders (see below for the Bank) | 4,826 | 1,023 | 2,515 |
Dividends (note 36) | (2,900) | 0 | (4,100) |
Capital contributions received | 164 | 140 | 229 |
Return of capital contributions | (4) | (4) | (5) |
Realised gains and losses on equity shares held at fair value through other comprehensive income | 1 | (16) | 12 |
Issue of other equity instruments (note 35) | (1) | 0 | 0 |
Redemptions of other equity instruments (note 35) | (9) | 0 | 0 |
Change in non-controlling interests | (1) | 0 | 0 |
Post-retirement defined benefit scheme remeasurements | 1,062 | 113 | (1,117) |
Gains and losses attributable to own credit risk (net of tax) | (52) | (55) | (306) |
At 31 December | 28,836 | 25,750 | 24,549 |
Retained profits | The Bank | |||
RETAINED PROFITS (Details) - Schedule of Retained Profits [Line Items] | |||
At 1 January | 42,677 | 42,470 | 45,051 |
Profit attributable to ordinary shareholders (see below for the Bank) | 3,249 | 224 | 2,165 |
Dividends (note 36) | (2,900) | 0 | (4,100) |
Capital contributions received | 164 | 140 | 229 |
Return of capital contributions | (4) | (4) | (5) |
Realised gains and losses on equity shares held at fair value through other comprehensive income | 1 | 4 | 12 |
Issue of other equity instruments (note 35) | (1) | 0 | 0 |
Redemptions of other equity instruments (note 35) | (9) | 0 | 0 |
Change in non-controlling interests | 0 | 0 | 0 |
Post-retirement defined benefit scheme remeasurements | 556 | (102) | (576) |
Gains and losses attributable to own credit risk (net of tax) | (52) | (55) | (306) |
At 31 December | £ 43,681 | £ 42,677 | £ 42,470 |
RETAINED PROFITS - Income State
RETAINED PROFITS - Income Statement (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Condensed Income Statements, Captions [Line Items] | |||
Profit attributable to ordinary shareholders | £ 3,249 | £ 224 | £ 2,165 |
Profit attributable to other equity holders | 344 | 417 | 281 |
The Bank | |||
Condensed Income Statements, Captions [Line Items] | |||
Net interest income | 4,606 | 4,519 | 5,684 |
Net fee and commission income | 848 | 655 | 743 |
Dividends received | 1,391 | 44 | 1,331 |
Net trading and other operating income | 1,956 | 2,952 | 2,169 |
Other income | 4,195 | 3,651 | 4,243 |
Total income | 8,801 | 8,170 | 9,927 |
Operating expenses | (6,273) | (5,828) | (6,333) |
Impairment credit (charge) | 773 | (1,898) | (503) |
Profit before tax | 3,301 | 444 | 3,091 |
Tax (expense) credit | 292 | 197 | (645) |
Profit for the year | £ 3,593 | £ 641 | £ 2,446 |
OTHER EQUITY INSTRUMENTS - Sche
OTHER EQUITY INSTRUMENTS - Schedule of Other Equity Instruments (Details) € in Millions, £ in Millions, $ in Millions | 12 Months Ended | |||||
Dec. 31, 2021GBP (£) | Dec. 31, 2020GBP (£) | Dec. 31, 2020USD ($) | Dec. 31, 2020EUR (€) | Dec. 31, 2019GBP (£) | Dec. 31, 2019USD ($) | |
OTHER EQUITY INSTRUMENTS (Details) - Schedule of Other Equity Instruments [Line Items] | ||||||
At 1 January | £ 5,935 | £ 4,865 | £ 3,217 | |||
Issued in the year: | ||||||
Notes issued | 1,550 | 1,070 | 1,648 | |||
Profit attributable to other equity holders | 344 | 417 | 281 | |||
Distributions on other equity instruments | (344) | (417) | (281) | |||
At 31 December | 4,268 | 5,935 | 4,865 | |||
£500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | ||||||
Issued in the year: | ||||||
Notes issued | 500 | 0 | 0 | |||
£500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | Sterling notes, nominal | ||||||
Issued in the year: | ||||||
Notes issued | 500 | |||||
£750 million Floating Rate Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | ||||||
Issued in the year: | ||||||
Notes issued | 750 | 0 | 0 | |||
£750 million Floating Rate Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | Sterling notes, nominal | ||||||
Issued in the year: | ||||||
Notes issued | 750 | |||||
£300 million Floating Rate Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | ||||||
Issued in the year: | ||||||
Notes issued | 300 | 0 | 0 | |||
£300 million Floating Rate Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | Sterling notes, nominal | ||||||
Issued in the year: | ||||||
Notes issued | 300 | |||||
US$500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | ||||||
Issued in the year: | ||||||
Notes issued | 0 | 383 | 0 | |||
US$500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | USD notes, nominal | ||||||
Issued in the year: | ||||||
Notes issued | $ | $ 500 | |||||
€750 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | ||||||
Issued in the year: | ||||||
Notes issued | 0 | 687 | 0 | |||
€750 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | Euro notes, nominal | ||||||
Issued in the year: | ||||||
Notes issued | € | € 750 | |||||
£500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | ||||||
Issued in the year: | ||||||
Notes issued | 0 | 0 | 496 | |||
£500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | Sterling notes, nominal | ||||||
Issued in the year: | ||||||
Notes issued | 500 | |||||
US$1,500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | ||||||
Issued in the year: | ||||||
Notes issued | 0 | 0 | 1,152 | |||
Redemptions | £ (3,217) | £ 0 | £ 0 | |||
US$1,500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | USD notes, nominal | ||||||
Issued in the year: | ||||||
Notes issued | $ | $ 1,500 |
OTHER EQUITY INSTRUMENTS - Narr
OTHER EQUITY INSTRUMENTS - Narrative (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure Of Other Equity Instruments Explanatory [Abstract] | ||||
Other equity instruments | £ 4,268 | £ 5,935 | £ 4,865 | £ 3,217 |
DIVIDENDS ON ORDINARY SHARES (D
DIVIDENDS ON ORDINARY SHARES (Details) - Schedule of Dividends On Ordinary Shares - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Interim dividend | |||
DIVIDENDS ON ORDINARY SHARES (Details) - Schedule of Dividends On Ordinary Shares [Line Items] | |||
Interim dividends | £ 2,900 | £ 0 | £ 4,100 |
SHARE-BASED PAYMENTS (Details)
SHARE-BASED PAYMENTS (Details) - Narrative | 12 Months Ended | ||
Dec. 31, 2021GBP (£)share£ / shares | Dec. 31, 2020GBP (£)£ / shares | Dec. 31, 2019GBP (£) | |
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||
Charges to income statement in respect of share-based payment schemes | £ 229,000,000 | £ 181,000,000 | £ 337,000,000 |
Fixed share awards | |||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||
Number of other equity instruments granted in share-based payment arrangement (in shares) | 8,320,948 | 13,975,993 | |
Vesting period | 5 years | ||
Percent of shares to be released each year (in percent) | 20.00% | ||
SAYE | |||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||
Maximum monthly scheme savings | £ 500 | ||
Time period to use savings | 6 months | ||
Discounted market price of shares (in percent) | 80.00% | ||
Weighted average exercise price, vested (in GBP per share) | £ / shares | £ 0.47 | £ 0.61 | |
Weighted average remaining contractual life of outstanding share options | 2 years 5 months 15 days | 2 years 11 months 23 days | |
Weighted average fair value at measurement date, share options granted (in GBP per share) | £ 0.09 | £ 0.05 | |
SAYE | Bottom of range | |||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||
Contract term | 3 years | ||
SAYE | 2020 Plan | |||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||
Discounted market price of shares (in percent) | 90.00% | ||
Lloyds Banking Group executive share plan 2003 | |||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||
Weighted average exercise price, vested (in GBP per share) | £ / shares | £ 0.44 | £ 0.36 | |
Weighted average remaining contractual life of outstanding share options | 4 years 3 months 18 days | 4 years 1 month 6 days | |
Weighted average fair value at measurement date, share options granted (in GBP per share) | £ 0.45 | £ 0.33 | |
Lloyds Banking Group long-term incentive plan | |||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||
Weighted average fair value at measurement date, share options granted (in GBP per share) | 0.28 | ||
Performance period for vesting | 3 years | ||
Number of shares to be awarded, percentage of annual salary | 300.00% | ||
Number of shares to be awarded in exceptional circumstances, percentage of annual salary | 400.00% | ||
Lloyds Banking Group long-term incentive plan | 2017 | |||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||
Awards vesting rate (in percent) | 33.75% | ||
Lloyds Banking Group long-term incentive plan | 2018 | |||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||
Awards vesting rate (in percent) | 41.80% | ||
Lloyds Banking Group long term share plan | |||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||
Weighted average fair value at measurement date, share options granted (in GBP per share) | £ 0.36 | ||
Chief Financial Officer buyout | |||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||
Number of options, granted (in shares) | 4,086,632 | ||
Group Chief Executive buyout | |||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||
Weighted average fair value at measurement date, share options granted (in GBP per share) | £ 0.40 | ||
Number of options, granted (in shares) | share | 8,301,708 | ||
Free share awards | |||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||
Maximum employer contribution to free shares scheme | £ 3,600 | ||
Employer contribution to free shares scheme | £ 1,017 | £ 676 | |
Number of other equity instruments granted in share-based payment arrangement (in shares) | 67,658,976 | 45,612,424 | |
Weighted average fair value at date of award of shares awarded To under matching shares scheme (in GBP per share) | £ 0.42 | £ 0.30 | |
Free share awards | Bottom of range | |||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||
Contract term | 3 years | ||
Matching shares | |||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||
Number of other equity instruments granted in share-based payment arrangement (in shares) | 46,621,026 | 62,262,140 | |
Weighted average fair value at date of award of shares awarded To under matching shares scheme (in GBP per share) | £ 0.44 | £ 0.34 | |
Maximum employer contribution to matching shares scheme | £ 45 |
SHARE-BASED PAYMENTS (Details_2
SHARE-BASED PAYMENTS (Details) - Schedule of Share Options Outstanding | 12 Months Ended | |
Dec. 31, 2021GBP (£)£ / shares | Dec. 31, 2020GBP (£)£ / shares | |
SAYE | ||
SHARE-BASED PAYMENTS (Details) - Schedule of Shares under the Executive Share Ownership Plan [Line Items] | ||
Number of options outstanding, start of period (in shares) | 1,120,138,915 | 1,068,094,073 |
Number of options, granted (in shares) | 236,923,744 | 779,229,797 |
Number of options exercised (in shares) | (6,924,434) | (255,706,663) |
Number of options, forfeited (in shares) | (22,815,078) | (6,938,102) |
Number of options, cancelled (in shares) | (51,479,310) | (389,767,675) |
Number of options, expired (in shares) | (95,280,546) | (74,772,515) |
Number of options outstanding, end of period (in shares) | 1,180,563,291 | 1,120,138,915 |
Number of options exercisable, end of period (in shares) | 336,561 | 792,741 |
Weighted average exercise price of options outstanding, start of period (in GBP per share) | £ 0.3039 | £ 0.4455 |
Weighted average exercise price, granted (in GBP per share) | 0.3940 | 0.2425 |
Weighted average exercise price, exercised (in GBP per share) | 0.3057 | 0.4751 |
Weighted average exercise price, forfeited (in GBP per share) | £ 0.2878 | £ 0.4330 |
Weighted average exercise price, cancelled (in GBP per share) | £ | £ 0.3257 | £ 0.4224 |
Weighted average exercise price, expired (in GBP per share) | £ 0.4903 | £ 0.4726 |
Weighted average exercise price of options outstanding, end of period (in GBP per share) | 0.3063 | 0.3039 |
Number of options exercisable, end of period (GBP per share) | £ 0.5103 | £ 0.4749 |
Lloyds Banking Group executive share plan 2003 | ||
SHARE-BASED PAYMENTS (Details) - Schedule of Shares under the Executive Share Ownership Plan [Line Items] | ||
Number of options outstanding, start of period (in shares) | 6,666,372 | 7,634,638 |
Number of options, granted (in shares) | 5,308,496 | 1,990,449 |
Number of options exercised (in shares) | (5,129,115) | (2,122,302) |
Number of options, vested (in shares) | 0 | (47,337) |
Number of options, forfeited (in shares) | (385,184) | (111,100) |
Number of options, expired (in shares) | (558,679) | (677,976) |
Number of options outstanding, end of period (in shares) | 5,901,890 | 6,666,372 |
Number of options exercisable, end of period (in shares) | 708,939 | 3,150,407 |
Weighted average exercise price of options outstanding, start of period (in GBP per share) | £ 0 | £ 0 |
Weighted average exercise price, granted (in GBP per share) | 0 | 0 |
Weighted average exercise price, exercised (in GBP per share) | 0 | 0 |
Weighted average exercise price, vested (in GBP per share) | 0 | 0 |
Weighted average exercise price, forfeited (in GBP per share) | 0 | 0 |
Weighted average exercise price, expired (in GBP per share) | 0 | 0 |
Weighted average exercise price of options outstanding, end of period (in GBP per share) | 0 | 0 |
Number of options exercisable, end of period (GBP per share) | £ 0 | £ 0 |
SHARE-BASED PAYMENTS (Details_3
SHARE-BASED PAYMENTS (Details) - Schedule of Shares under the Executive Share Ownership Plan and Group Long Term Share Plan | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Lloyds Banking Group executive share plan 2006 | ||
SHARE-BASED PAYMENTS (Details) - Schedule of Shares under the Executive Share Ownership Plan [Line Items] | ||
Outstanding at 1 January (in shares) | 533,987,527 | 459,904,745 |
Granted (in shares) | 0 | 211,214,605 |
Exercised (in shares) | (39,621,415) | (47,775,806) |
Forfeited (in shares) | (144,437,243) | (96,015,542) |
Dividend award (in shares) | 944,758 | 6,659,525 |
Outstanding at 31 December (in shares) | 350,873,627 | 533,987,527 |
Lloyds Banking Group long term share plan | ||
SHARE-BASED PAYMENTS (Details) - Schedule of Shares under the Executive Share Ownership Plan [Line Items] | ||
Outstanding at 1 January (in shares) | 83,456,304 | |
Exercised (in shares) | (5,573,236) | |
Dividend award (in shares) | 77,883,068 | |
Outstanding at 31 December (in shares) | 83,456,304 |
SHARE-BASED PAYMENTS (Details_4
SHARE-BASED PAYMENTS (Details) - Schedule of Shares under CFO and Chief Executive Buyout | 12 Months Ended | ||
Dec. 31, 2021share | Dec. 31, 2020 | Dec. 31, 2019 | |
Chief Financial Officer buyout | |||
SHARE-BASED PAYMENTS (Details) - Schedule of Shares under CFO Buyout [Line Items] | |||
Outstanding at 1 January (in shares) | 1,810,712 | 3,268,460 | |
Granted (in shares) | 4,086,632 | ||
Exercised (in shares) | (1,124,627) | (1,457,748) | |
Outstanding at 31 December (in shares) | 686,085 | 1,810,712 | 3,268,460 |
Group Chief Executive buyout | |||
SHARE-BASED PAYMENTS (Details) - Schedule of Shares under CFO Buyout [Line Items] | |||
Granted (in shares) | 8,301,708 | ||
Exercised (in shares) | (856,921) | ||
Outstanding at 31 December (in shares) | 7,444,787 |
SHARE-BASED PAYMENTS (Details_5
SHARE-BASED PAYMENTS (Details) - Schedule of Assumptions Used for Calculating Benefit Plans | 12 Months Ended |
Dec. 31, 2021£ / shares | |
SAYE | |
SHARE-BASED PAYMENTS (Details) - Schedule of Assumptions Used for Calculating Benefit Plans [Line Items] | |
Weighted average risk-free interest rate (in percent) | 0.49% |
Weighted average expected life | 3 years 3 months 18 days |
Weighted average expected volatility (in percent) | 28.00% |
Weighted average dividend yield (in percent) | 3.10% |
Weighted average share price (in GBP per share) | £ 0.45 |
Weighted average exercise price (in GBP per share) | £ 0.39 |
Executive Share Plan 2003 | |
SHARE-BASED PAYMENTS (Details) - Schedule of Assumptions Used for Calculating Benefit Plans [Line Items] | |
Weighted average risk-free interest rate (in percent) | 0.12% |
Weighted average expected life | 1 year 3 months 18 days |
Weighted average expected volatility (in percent) | 30.00% |
Weighted average dividend yield (in percent) | 3.20% |
Weighted average share price (in GBP per share) | £ 0.47 |
Weighted average exercise price (in GBP per share) | £ 0 |
Long Term Share Plan | |
SHARE-BASED PAYMENTS (Details) - Schedule of Assumptions Used for Calculating Benefit Plans [Line Items] | |
Weighted average risk-free interest rate (in percent) | 0.16% |
Weighted average expected life | 3 years 4 months 24 days |
Weighted average expected volatility (in percent) | 31.00% |
Weighted average dividend yield (in percent) | 3.10% |
Weighted average share price (in GBP per share) | £ 0.40 |
Weighted average exercise price (in GBP per share) | £ 0 |
Group Chief Executive buyout | |
SHARE-BASED PAYMENTS (Details) - Schedule of Assumptions Used for Calculating Benefit Plans [Line Items] | |
Weighted average risk-free interest rate (in percent) | 0.26% |
Weighted average expected life | 2 years 9 months 18 days |
Weighted average expected volatility (in percent) | 31.00% |
Weighted average dividend yield (in percent) | 3.10% |
Weighted average share price (in GBP per share) | £ 0.44 |
Weighted average exercise price (in GBP per share) | £ 0 |
RELATED PARTY TRANSACTIONS - Sc
RELATED PARTY TRANSACTIONS - Schedule of Compensation of Key Management Personnel (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Compensation | |||
Salaries and other short-term benefits | £ 10 | £ 12 | £ 14 |
Share-based payments | 14 | 12 | 14 |
Total compensation | £ 24 | £ 24 | £ 28 |
RELATED PARTY TRANSACTIONS - Na
RELATED PARTY TRANSACTIONS - Narrative (Details) - GBP (£) | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | ||||
Borrowings, interest rate (in percent) | 2.30% | 2.42% | 2.25% | |
Pension funds | ||||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | ||||
Customer deposits | £ 480,000,000 | £ 151,000,000 | ||
Outstanding | ||||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | ||||
Loans and advances to customers | 14,000,000 | 28,000,000 | ||
Directors and connected persons | ||||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | ||||
Wages and salaries | 10,600,000 | 11,800,000 | £ 11,700,000 | |
Outstanding commitments made by entity, related party transactions | 600,000 | 600,000 | 600,000 | |
Key management personnel of entity or parent | ||||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | ||||
Pension contributions | 0 | 0 | 0 | |
Provisions | £ 0 | £ 0 | £ 0 | |
Interest rate on deposits (in percent) | 1.00% | 2.00% | 3.00% | |
Key management personnel of entity or parent | Bottom of range | ||||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | ||||
Borrowings, interest rate (in percent) | 0.39% | 0.39% | 6.45% | |
Key management personnel of entity or parent | Top of range | ||||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | ||||
Borrowings, interest rate (in percent) | 22.93% | 24.20% | 24.20% | |
Highest paid director | ||||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | ||||
Wages and salaries | £ 3,117,000 | £ 4,169,000 | £ 4,078,000 | |
The Group | ||||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | ||||
Customer deposits | [1] | 449,373,000,000 | 425,152,000,000 | |
Loans and advances to customers | [1] | 430,829,000,000 | 425,694,000,000 | |
The Group | Operating Margin Guarantee | ||||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | ||||
Payments related to guarantees made by entity | 10,000,000 | 20,000,000 | ||
The Group | Schroder Wealth Holdings Limited | ||||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | ||||
Management fee expense | 7,000,000 | 7,000,000 | ||
The Group | Balances and transactions with Lloyds Banking Group plc and fellow subsidiaries of the Bank | ||||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | ||||
Interest income on other financial assets | 11,000,000 | 5,000,000 | 20,000,000 | |
Interest expense on other financial liabilities | 500,000,000 | 478,000,000 | 520,000,000 | |
The Bank | ||||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | ||||
Customer deposits | [1] | 268,683,000,000 | 255,056,000,000 | |
Loans and advances to customers | [1] | 116,716,000,000 | 123,822,000,000 | |
The Bank | Balances and transactions between members of the Lloyds Bank Group | ||||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | ||||
Interest income on other financial assets | 1,933,000,000 | 1,995,000,000 | 2,491,000,000 | |
Interest expense on other financial liabilities | 327,000,000 | 336,000,000 | 655,000,000 | |
Recharges on subsidiaries | 1,609,000,000 | 1,403,000,000 | 1,461,000,000 | |
Fees received from subsidiaries | 70,000,000 | 56,000,000 | 62,000,000 | |
Fees paid to subsidiaries | 31,000,000 | 26,000,000 | 57,000,000 | |
The Bank | Balances and transactions with Lloyds Banking Group plc and fellow subsidiaries of the Bank | ||||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | ||||
Interest income on other financial assets | 11,000,000 | 5,000,000 | 20,000,000 | |
Interest expense on other financial liabilities | 468,000,000 | 461,000,000 | £ 509,000,000 | |
Joint ventures and associates | ||||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | ||||
Balances on term deposits from customers | £ 22,000,000 | £ 73,000,000 | ||
[1] | ee note 1 regarding change to presentation. |
RELATED PARTY TRANSACTIONS - _2
RELATED PARTY TRANSACTIONS - Schedule of Aggregate Contributions in Respect of Key Management Personnel to Defined Contribution Pension Schemes (Details) - Key management personnel of entity or parent - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Share option plans | |||
RELATED PARTY TRANSACTIONS (Details) - Schedule of Aggregate Contributions in Respect of Key Management Personnel to Defined Contribution Pension Schemes [Line Items] | |||
At 1 January | £ 0 | £ 0 | £ 0 |
Granted, including certain adjustments (includes entitlements of appointed key management personnel) | 0 | 0 | 0 |
Exercised/lapsed (includes entitlements of former key management personnel) | 0 | 0 | 0 |
31 December | 0 | 0 | 0 |
Share plans | |||
RELATED PARTY TRANSACTIONS (Details) - Schedule of Aggregate Contributions in Respect of Key Management Personnel to Defined Contribution Pension Schemes [Line Items] | |||
At 1 January | 117 | 101 | 84 |
Granted, including certain adjustments (includes entitlements of appointed key management personnel) | 19 | 46 | 46 |
Exercised/lapsed (includes entitlements of former key management personnel) | (62) | (30) | (29) |
31 December | £ 74 | £ 117 | £ 101 |
RELATED PARTY TRANSACTIONS - _3
RELATED PARTY TRANSACTIONS - Schedule of Loan Balances Outstanding (Details) - Key management personnel of entity or parent - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Loans | |||
At 1 January | £ 2 | £ 2 | £ 2 |
Advanced (includes loans of appointed key management personnel) | 1 | 0 | 1 |
Repayments (includes loans of former key management personnel) | 0 | 0 | (1) |
At 31 December | £ 3 | £ 2 | £ 2 |
RELATED PARTY TRANSACTIONS - _4
RELATED PARTY TRANSACTIONS - Schedule of Deposits (Details) - Key management personnel of entity or parent - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Deposits | |||
At 1 January | £ 11 | £ 23 | £ 20 |
Placed (includes deposits of appointed key management personnel) | 26 | 26 | 44 |
Withdrawn (includes deposits of former key management personnel) | (26) | (38) | (41) |
At 31 December | £ 11 | £ 11 | £ 23 |
RELATED PARTY TRANSACTIONS - _5
RELATED PARTY TRANSACTIONS - Schedule of Balances and Transactions Between Members of the Lloyds Bank Group (Details) - Balances and transactions between members of the Lloyds Bank Group - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Assets, included within: | ||
Financial assets at fair value through profit or loss | £ 3,404 | £ 1,203 |
Derivative financial instruments | 3,299 | 7,077 |
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 107,907 | 128,241 |
Total financial assets | 114,610 | 136,521 |
Liabilities, included within: | ||
Due to fellow Lloyds Banking Group undertakings | 21,540 | 33,170 |
Financial liabilities at fair value through profit or loss | 0 | 0 |
Derivative financial instruments | 2,508 | 4,738 |
Debt securities in issue | 59 | 20 |
Total financial liabilities | £ 24,107 | £ 37,928 |
RELATED PARTY TRANSACTIONS - _6
RELATED PARTY TRANSACTIONS - Schedule of Balances and Transactions with Lloyds Banking Group Plc and Fellow Subsidiaries of the Bank (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Liabilities, included within: | |||
Subordinated liabilities | £ 9,242 | ||
The Group | |||
Assets, included within: | |||
Derivative financial instruments | £ 5,511 | 8,341 | |
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 739 | 738 | |
Total financial assets | 579,837 | 579,429 | |
Liabilities, included within: | |||
Due to fellow Lloyds Banking Group undertakings | 1,490 | 6,875 | |
Financial liabilities at fair value through profit or loss | 6,537 | 6,831 | |
Derivative financial instruments | 4,643 | 8,228 | |
Debt securities in issue | 48,724 | 59,293 | |
Subordinated liabilities | 8,658 | 9,242 | £ 12,586 |
Total financial liabilities | 555,934 | 553,234 | |
The Group | Balances and transactions with Lloyds Banking Group plc and fellow subsidiaries of the Bank | |||
Assets, included within: | |||
Derivative financial instruments | 634 | 690 | |
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 739 | 738 | |
Total financial assets | 1,373 | 1,428 | |
Liabilities, included within: | |||
Due to fellow Lloyds Banking Group undertakings | 1,490 | 6,875 | |
Financial liabilities at fair value through profit or loss | 0 | 0 | |
Derivative financial instruments | 939 | 1,424 | |
Debt securities in issue | 17,961 | 12,686 | |
Subordinated liabilities | 5,176 | 4,599 | |
Total financial liabilities | 25,566 | 25,584 | |
The Bank | |||
Assets, included within: | |||
Derivative financial instruments | 6,898 | 12,595 | |
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 108,424 | 128,771 | |
Total financial assets | 369,568 | 401,987 | |
Liabilities, included within: | |||
Due to fellow Lloyds Banking Group undertakings | 22,872 | 39,836 | |
Financial liabilities at fair value through profit or loss | 9,821 | 7,907 | |
Derivative financial instruments | 6,102 | 11,072 | |
Debt securities in issue | 38,439 | 48,109 | |
Subordinated liabilities | 7,907 | 7,751 | £ 9,909 |
Total financial liabilities | 357,654 | 390,536 | |
The Bank | Balances and transactions with Lloyds Banking Group plc and fellow subsidiaries of the Bank | |||
Assets, included within: | |||
Derivative financial instruments | 634 | 690 | |
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 517 | 530 | |
Total financial assets | 1,151 | 1,220 | |
Liabilities, included within: | |||
Due to fellow Lloyds Banking Group undertakings | 1,332 | 6,666 | |
Financial liabilities at fair value through profit or loss | 3,318 | 1,121 | |
Derivative financial instruments | 633 | 972 | |
Debt securities in issue | 14,650 | 11,551 | |
Subordinated liabilities | 5,311 | 4,745 | |
Total financial liabilities | £ 25,244 | £ 25,055 |
CONTINGENT LIABILITIES, COMMI_3
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | ||
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES (Details) - Narrative [Line Items] | ||
Decrease in deferred tax asset | £ (942) | |
Capital commitments | 1,034 | £ 501 |
Amounts related to assets to be leased under operating leases signage | 1,034 | 501 |
The Group | Maximum exposure | ||
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES (Details) - Narrative [Line Items] | ||
Irrevocable commitments and guarantees | 55,690 | 59,240 |
The Bank | ||
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES (Details) - Narrative [Line Items] | ||
Capital commitments | 0 | 0 |
The Bank | Maximum exposure | ||
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES (Details) - Narrative [Line Items] | ||
Irrevocable commitments and guarantees | 30,653 | £ 32,847 |
Legal proceedings contingent liability | The Group | ||
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES (Details) - Narrative [Line Items] | ||
Increase in current tax liability | 730 | |
Decrease in deferred tax asset | £ 330 |
CONTINGENT LIABILITIES, COMMI_4
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES - Schedule of Contingent Liabilities (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
Contingent liabilities | ||
Contingent liabilities | £ 2,340 | £ 2,364 |
The Bank | ||
Contingent liabilities | ||
Contingent liabilities | 2,077 | 2,093 |
Acceptances and endorsements | The Group | ||
Contingent liabilities | ||
Contingent liabilities | 21 | 73 |
Acceptances and endorsements | The Bank | ||
Contingent liabilities | ||
Contingent liabilities | 21 | 73 |
Other items serving as direct credit substitutes | The Group | ||
Contingent liabilities | ||
Contingent liabilities | 433 | 221 |
Other items serving as direct credit substitutes | The Bank | ||
Contingent liabilities | ||
Contingent liabilities | 375 | 203 |
Performance bonds, including letters of credit, and other transaction-related contingencies | The Group | ||
Contingent liabilities | ||
Contingent liabilities | 1,886 | 2,070 |
Performance bonds, including letters of credit, and other transaction-related contingencies | The Bank | ||
Contingent liabilities | ||
Contingent liabilities | 1,681 | 1,817 |
Other contingent liabilities | The Group | ||
Contingent liabilities | ||
Contingent liabilities | 2,319 | 2,291 |
Other contingent liabilities | The Bank | ||
Contingent liabilities | ||
Contingent liabilities | 2,056 | 2,020 |
Incurred on behalf of fellow Lloyds Banking Group undertakings | The Bank | ||
Contingent liabilities | ||
Contingent liabilities | £ 0 | £ 1 |
CONTINGENT LIABILITIES, COMMI_5
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES - Schedule of Commitments (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
Commitments and guarantees | ||
Commitments and guarantees | £ 127,684 | £ 133,598 |
The Group | Not later than 1 year | ||
Commitments and guarantees | ||
Commitments and guarantees | 97,587 | 102,280 |
The Group | 1 year or over original maturity | ||
Commitments and guarantees | ||
Commitments and guarantees | 30,037 | 31,194 |
The Bank | ||
Commitments and guarantees | ||
Commitments and guarantees | 57,990 | 62,766 |
The Bank | Not later than 1 year | ||
Commitments and guarantees | ||
Commitments and guarantees | 30,872 | 34,552 |
The Bank | 1 year or over original maturity | ||
Commitments and guarantees | ||
Commitments and guarantees | 27,063 | 28,118 |
Documentary credits and other short-term trade-related transactions | The Group | ||
Commitments and guarantees | ||
Commitments and guarantees | 0 | 1 |
Documentary credits and other short-term trade-related transactions | The Bank | ||
Commitments and guarantees | ||
Commitments and guarantees | 0 | 0 |
Forward asset purchases and forward deposits placed | The Group | ||
Commitments and guarantees | ||
Commitments and guarantees | 60 | 124 |
Forward asset purchases and forward deposits placed | The Bank | ||
Commitments and guarantees | ||
Commitments and guarantees | 55 | 96 |
Mortgage offers made | The Group | Not later than 1 year | ||
Commitments and guarantees | ||
Commitments and guarantees | 17,757 | 20,128 |
Mortgage offers made | The Bank | Not later than 1 year | ||
Commitments and guarantees | ||
Commitments and guarantees | 1,001 | 1,720 |
Other commitments and guarantees | The Group | Not later than 1 year | ||
Commitments and guarantees | ||
Commitments and guarantees | 79,830 | 82,151 |
Other commitments and guarantees | The Bank | Not later than 1 year | ||
Commitments and guarantees | ||
Commitments and guarantees | 29,871 | 32,832 |
Undrawn commitments | The Group | Not later than 1 year | ||
Commitments and guarantees | ||
Commitments and guarantees | 97,587 | 102,279 |
Undrawn commitments | The Bank | Not later than 1 year | ||
Commitments and guarantees | ||
Commitments and guarantees | 30,872 | 34,552 |
Incurred on behalf of fellow Lloyds Banking Group undertakings | The Bank | ||
Commitments and guarantees | ||
Commitments and guarantees | £ 3,055 | £ 3,659 |
STRUCTURED ENTITIES (Details)
STRUCTURED ENTITIES (Details) - Cancara - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
STRUCTURED ENTITIES (Details) [Line Items] | ||
Financial assets pledged as collateral for liabilities or contingent liabilities | £ 1,669 | £ 2,490 |
Loans and advances to customers | 889 | 1,695 |
Asset-backed debt instruments held | £ 780 | £ 795 |
FINANCIAL INSTRUMENTS - Schedul
FINANCIAL INSTRUMENTS - Schedule of Financial Assets and Liabilities (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Financial liabilities | |||
Subordinated liabilities | £ 9,242 | ||
The Group | |||
Financial assets | |||
Cash and balances at central banks | £ 54,279 | 49,888 | £ 38,880 |
Items in the course of collection from banks | 147 | 300 | |
Financial assets at fair value through profit or loss | 1,798 | 1,674 | |
Derivative financial instruments | 5,511 | 8,341 | |
Loans and advances to banks and reverse repurchase agreements | 7,474 | 5,950 | 4,852 |
Loans and advances to customers and reverse repurchase agreements | 477,541 | 480,141 | |
Debt securities | 4,562 | 5,137 | |
Due from fellow Lloyds Banking Group undertakings | 739 | 738 | |
Financial assets at amortised cost | 490,316 | 491,966 | |
Financial assets at fair value through other comprehensive income | 27,786 | 27,260 | |
Total financial assets | 579,837 | 579,429 | |
Financial liabilities | |||
Deposits from banks and repurchase agreements | 33,448 | 24,997 | |
Customer deposits and repurchase agreements | 449,394 | 434,569 | |
Due to fellow Lloyds Banking Group undertakings | 1,490 | 6,875 | |
Items in course of transmission to banks | 308 | 302 | |
Financial liabilities at fair value through profit or loss | 6,537 | 6,831 | |
Derivative financial instruments | 4,643 | 8,228 | |
Notes in circulation | 1,321 | 1,305 | |
Debt securities in issue | 48,724 | 59,293 | |
Other | 1,411 | 1,592 | |
Subordinated liabilities | 8,658 | 9,242 | 12,586 |
Total financial liabilities | 555,934 | 553,234 | |
The Bank | |||
Financial assets | |||
Cash and balances at central banks | 49,618 | 45,753 | 35,741 |
Items in the course of collection from banks | 99 | 257 | |
Financial assets at fair value through profit or loss | 4,529 | 1,724 | |
Derivative financial instruments | 6,898 | 12,595 | |
Loans and advances to banks and reverse repurchase agreements | 7,287 | 5,656 | 4,453 |
Loans and advances to customers and reverse repurchase agreements | 163,428 | 178,269 | |
Debt securities | 3,756 | 4,315 | |
Due from fellow Lloyds Banking Group undertakings | 108,424 | 128,771 | |
Financial assets at amortised cost | 282,895 | 317,011 | |
Financial assets at fair value through other comprehensive income | 25,529 | 24,647 | |
Total financial assets | 369,568 | 401,987 | |
Financial liabilities | |||
Deposits from banks and repurchase agreements | 2,825 | 10,304 | |
Customer deposits and repurchase agreements | 268,704 | 264,473 | |
Due to fellow Lloyds Banking Group undertakings | 22,872 | 39,836 | |
Items in course of transmission to banks | 207 | 199 | |
Financial liabilities at fair value through profit or loss | 9,821 | 7,907 | |
Derivative financial instruments | 6,102 | 11,072 | |
Debt securities in issue | 38,439 | 48,109 | |
Other | 777 | 885 | |
Subordinated liabilities | 7,907 | 7,751 | £ 9,909 |
Total financial liabilities | 357,654 | 390,536 | |
Derivatives designated as hedging instruments | The Group | |||
Financial assets | |||
Derivative financial instruments | 55 | 674 | |
Total financial assets | 55 | 674 | |
Financial liabilities | |||
Derivative financial instruments | 315 | 590 | |
Total financial liabilities | 315 | 590 | |
Derivatives designated as hedging instruments | The Bank | |||
Financial assets | |||
Derivative financial instruments | 37 | 242 | |
Total financial assets | 37 | 242 | |
Financial liabilities | |||
Derivative financial instruments | 310 | 289 | |
Total financial liabilities | 310 | 289 | |
Held for trading | Mandatorily held at fair value through profit or loss | The Group | |||
Financial assets | |||
Financial assets at fair value through profit or loss | 0 | ||
Derivative financial instruments | 5,456 | 7,667 | |
Total financial assets | 5,456 | 7,667 | |
Financial liabilities | |||
Financial liabilities at fair value through profit or loss | 0 | 3 | |
Derivative financial instruments | 4,328 | 7,638 | |
Total financial liabilities | 4,328 | 7,641 | |
Held for trading | Mandatorily held at fair value through profit or loss | The Bank | |||
Financial assets | |||
Financial assets at fair value through profit or loss | 0 | ||
Derivative financial instruments | 6,861 | 12,353 | |
Total financial assets | 6,861 | 12,353 | |
Financial liabilities | |||
Financial liabilities at fair value through profit or loss | 0 | 2 | |
Derivative financial instruments | 5,792 | 10,783 | |
Total financial liabilities | 5,792 | 10,785 | |
Other | Mandatorily held at fair value through profit or loss | The Group | |||
Financial assets | |||
Financial assets at fair value through profit or loss | 1,798 | 1,674 | |
Total financial assets | 1,798 | 1,674 | |
Other | Mandatorily held at fair value through profit or loss | The Bank | |||
Financial assets | |||
Financial assets at fair value through profit or loss | 4,529 | 1,724 | |
Total financial assets | 4,529 | 1,724 | |
Designated at fair value through profit or loss | The Group | |||
Financial liabilities | |||
Financial liabilities at fair value through profit or loss | 6,537 | 6,828 | |
Total financial liabilities | 6,537 | 6,828 | |
Designated at fair value through profit or loss | The Bank | |||
Financial liabilities | |||
Financial liabilities at fair value through profit or loss | 9,821 | 7,905 | |
Total financial liabilities | 9,821 | 7,905 | |
At fair value through other comprehensive income | The Group | |||
Financial assets | |||
Financial assets at fair value through other comprehensive income | 27,786 | 27,260 | |
Total financial assets | 27,786 | 27,260 | |
At fair value through other comprehensive income | The Bank | |||
Financial assets | |||
Financial assets at fair value through other comprehensive income | 25,529 | 24,647 | |
Total financial assets | 25,529 | 24,647 | |
Held at amortised cost | The Group | |||
Financial assets | |||
Cash and balances at central banks | 54,279 | 49,888 | |
Items in the course of collection from banks | 147 | 300 | |
Loans and advances to banks and reverse repurchase agreements | 7,474 | 5,950 | |
Loans and advances to customers and reverse repurchase agreements | 477,541 | 480,141 | |
Debt securities | 4,562 | 5,137 | |
Due from fellow Lloyds Banking Group undertakings | 739 | 738 | |
Financial assets at amortised cost | 490,316 | 491,966 | |
Total financial assets | 544,742 | 542,154 | |
Financial liabilities | |||
Deposits from banks and repurchase agreements | 33,448 | 24,997 | |
Customer deposits and repurchase agreements | 449,394 | 434,569 | |
Due to fellow Lloyds Banking Group undertakings | 1,490 | 6,875 | |
Items in course of transmission to banks | 308 | 302 | |
Notes in circulation | 1,321 | 1,305 | |
Debt securities in issue | 48,724 | 59,293 | |
Other | 1,411 | 1,592 | |
Subordinated liabilities | 8,658 | 9,242 | |
Total financial liabilities | 544,754 | 538,175 | |
Held at amortised cost | The Bank | |||
Financial assets | |||
Cash and balances at central banks | 49,618 | 45,753 | |
Items in the course of collection from banks | 99 | 257 | |
Loans and advances to banks and reverse repurchase agreements | 7,287 | 5,656 | |
Loans and advances to customers and reverse repurchase agreements | 163,428 | 178,269 | |
Debt securities | 3,756 | 4,315 | |
Due from fellow Lloyds Banking Group undertakings | 108,424 | 128,771 | |
Financial assets at amortised cost | 282,895 | 317,011 | |
Total financial assets | 332,612 | 363,021 | |
Financial liabilities | |||
Deposits from banks and repurchase agreements | 2,825 | 10,304 | |
Customer deposits and repurchase agreements | 268,704 | 264,473 | |
Due to fellow Lloyds Banking Group undertakings | 22,872 | 39,836 | |
Items in course of transmission to banks | 207 | 199 | |
Debt securities in issue | 38,439 | 48,109 | |
Other | 777 | 885 | |
Subordinated liabilities | 7,907 | 7,751 | |
Total financial liabilities | £ 341,731 | £ 371,557 |
FINANCIAL INSTRUMENTS - Narrati
FINANCIAL INSTRUMENTS - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Top of range | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Increase (decrease) in valuation adjustment | £ 71 | ||
CVA | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Increase (decrease) in valuation adjustment | £ 29 | ||
DVA | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Increase (decrease) in credit default swap (in percent) | 1.00% | ||
DVA | Bottom of range | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Increase (decrease) in valuation adjustment | £ 11 | ||
Valuation adjustment | Bottom of range | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Increase (decrease) in valuation adjustment | (37) | ||
Funding Valuation Adjustment | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Increase (decrease) in valuation adjustment | 8 | ||
The Group | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Financial liabilities at fair value through profit or loss | 6,537 | £ 6,831 | |
Liabilities designated at fair value through profit or loss: debt securities in issue | 6,537 | 6,828 | |
Fair value losses before tax | 86 | 75 | £ 419 |
Derivative financial instruments | 5,511 | 8,341 | |
Derivative financial instruments | 4,643 | 8,228 | |
Adjustments for gains (losses) on change in fair value of derivatives | £ 12 | 26 | |
The Group | Residential mortgage backed securities | Bottom of range | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Debt instrument term | 2 years | ||
The Group | Residential mortgage backed securities | Top of range | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Debt instrument term | 5 years | ||
The Group | Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Financial assets at fair value excluding derivatives | £ 29,584 | 28,934 | |
The Bank | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Financial liabilities at fair value through profit or loss | 9,821 | 7,907 | |
Liabilities designated at fair value through profit or loss: debt securities in issue | 9,821 | 7,905 | |
Fair value losses before tax | 86 | 75 | £ 419 |
Derivative financial instruments | 6,898 | 12,595 | |
Derivative financial instruments | 6,102 | 11,072 | |
The Bank | Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Financial assets at fair value excluding derivatives | £ 30,058 | £ 26,371 |
FINANCIAL INSTRUMENTS - Sched_2
FINANCIAL INSTRUMENTS - Schedule of Financial Assets Excluding Derivatives (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | |||
Financial assets at fair value through profit or loss | |||
Loans and advances to customers | [1] | £ 430,829 | £ 425,694 |
Total financial assets at fair value through profit or loss | 1,798 | 1,674 | |
Debt securities: | |||
Net carrying amount | 4,562 | 5,137 | |
Total financial assets at fair value through other comprehensive income | 27,786 | 27,260 | |
The Bank | |||
Financial assets at fair value through profit or loss | |||
Loans and advances to customers | [1] | 116,716 | 123,822 |
Total financial assets at fair value through profit or loss | 4,529 | 1,724 | |
Debt securities: | |||
Net carrying amount | 3,756 | 4,315 | |
Total financial assets at fair value through other comprehensive income | 25,529 | 24,647 | |
Financial assets at fair value through other comprehensive income | The Group | |||
Financial assets at fair value through profit or loss | |||
Equity shares | 1 | 0 | |
Debt securities: | |||
Government securities | 14,599 | 14,267 | |
Corporate and other debt securities | 13,131 | 12,928 | |
Net carrying amount | 27,785 | 27,260 | |
Total financial assets at fair value through other comprehensive income | 27,786 | 27,260 | |
Financial assets at fair value through other comprehensive income | The Bank | |||
Financial assets at fair value through profit or loss | |||
Equity shares | 0 | 0 | |
Debt securities: | |||
Government securities | 14,445 | 14,114 | |
Corporate and other debt securities | 11,084 | 10,533 | |
Net carrying amount | 25,529 | 24,647 | |
Total financial assets at fair value through other comprehensive income | 25,529 | 24,647 | |
Level 1 | The Group | |||
Debt securities: | |||
Net carrying amount | 0 | 0 | |
Level 1 | The Bank | |||
Debt securities: | |||
Net carrying amount | 0 | 0 | |
Level 2 | The Group | |||
Debt securities: | |||
Net carrying amount | 4,615 | 5,129 | |
Level 2 | The Bank | |||
Debt securities: | |||
Net carrying amount | 3,817 | 4,315 | |
Level 3 | The Group | |||
Debt securities: | |||
Net carrying amount | 0 | 0 | |
Level 3 | The Bank | |||
Debt securities: | |||
Net carrying amount | 0 | 0 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | The Group | |||
Debt securities: | |||
Total financial assets carried at fair value, excluding derivatives | 29,584 | 28,934 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | The Bank | |||
Debt securities: | |||
Total financial assets carried at fair value, excluding derivatives | 30,058 | 26,371 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Financial assets at fair value through profit or loss | The Group | |||
Financial assets at fair value through profit or loss | |||
Loans and advances to customers | 1,559 | 1,511 | |
Equity shares | 239 | 163 | |
Total financial assets at fair value through profit or loss | 1,798 | 1,674 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Financial assets at fair value through profit or loss | The Bank | |||
Financial assets at fair value through profit or loss | |||
Loans and advances to customers | 1,121 | 517 | |
Equity shares | 4 | 4 | |
Total financial assets at fair value through profit or loss | 4,529 | 1,724 | |
Debt securities: | |||
Corporate and other debt securities | 3,404 | 1,203 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Financial assets at fair value through other comprehensive income | The Group | |||
Financial assets at fair value through profit or loss | |||
Equity shares | 1 | 0 | |
Debt securities: | |||
Government securities | 14,599 | 14,267 | |
Asset-backed securities | 55 | 65 | |
Corporate and other debt securities | 13,131 | 12,928 | |
Net carrying amount | 27,785 | 27,260 | |
Total financial assets at fair value through other comprehensive income | 27,786 | 27,260 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Financial assets at fair value through other comprehensive income | The Bank | |||
Debt securities: | |||
Government securities | 14,445 | 14,114 | |
Corporate and other debt securities | 11,084 | 10,533 | |
Net carrying amount | 25,529 | 24,647 | |
Total financial assets at fair value through other comprehensive income | 25,529 | 24,647 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Level 1 | The Group | |||
Debt securities: | |||
Total financial assets carried at fair value, excluding derivatives | 15,474 | 14,917 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Level 1 | The Bank | |||
Debt securities: | |||
Total financial assets carried at fair value, excluding derivatives | 15,085 | 14,605 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Level 1 | Financial assets at fair value through profit or loss | The Group | |||
Financial assets at fair value through profit or loss | |||
Loans and advances to customers | 0 | 0 | |
Equity shares | 235 | 159 | |
Total financial assets at fair value through profit or loss | 235 | 159 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Level 1 | Financial assets at fair value through profit or loss | The Bank | |||
Financial assets at fair value through profit or loss | |||
Loans and advances to customers | 0 | 0 | |
Equity shares | 0 | 0 | |
Total financial assets at fair value through profit or loss | 0 | 0 | |
Debt securities: | |||
Corporate and other debt securities | 0 | 0 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Level 1 | Financial assets at fair value through other comprehensive income | The Group | |||
Financial assets at fair value through profit or loss | |||
Equity shares | 0 | 0 | |
Debt securities: | |||
Government securities | 14,599 | 14,267 | |
Asset-backed securities | 0 | 0 | |
Corporate and other debt securities | 640 | 491 | |
Net carrying amount | 15,239 | 14,758 | |
Total financial assets at fair value through other comprehensive income | 15,239 | 14,758 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Level 1 | Financial assets at fair value through other comprehensive income | The Bank | |||
Debt securities: | |||
Government securities | 14,445 | 14,114 | |
Corporate and other debt securities | 640 | 491 | |
Net carrying amount | 15,085 | 14,605 | |
Total financial assets at fair value through other comprehensive income | 15,085 | 14,605 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Level 2 | The Group | |||
Debt securities: | |||
Total financial assets carried at fair value, excluding derivatives | 13,655 | 12,441 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Level 2 | The Bank | |||
Debt securities: | |||
Total financial assets carried at fair value, excluding derivatives | 14,936 | 11,249 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Level 2 | Financial assets at fair value through profit or loss | The Group | |||
Financial assets at fair value through profit or loss | |||
Loans and advances to customers | 1,164 | 0 | |
Equity shares | 0 | 4 | |
Total financial assets at fair value through profit or loss | 1,164 | 4 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Level 2 | Financial assets at fair value through profit or loss | The Bank | |||
Financial assets at fair value through profit or loss | |||
Loans and advances to customers | 1,088 | 0 | |
Equity shares | 0 | 4 | |
Total financial assets at fair value through profit or loss | 4,492 | 1,207 | |
Debt securities: | |||
Corporate and other debt securities | 3,404 | 1,203 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Level 2 | Financial assets at fair value through other comprehensive income | The Group | |||
Financial assets at fair value through profit or loss | |||
Equity shares | 0 | 0 | |
Debt securities: | |||
Government securities | 0 | 0 | |
Asset-backed securities | 0 | 0 | |
Corporate and other debt securities | 12,491 | 12,437 | |
Net carrying amount | 12,491 | 12,437 | |
Total financial assets at fair value through other comprehensive income | 12,491 | 12,437 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Level 2 | Financial assets at fair value through other comprehensive income | The Bank | |||
Debt securities: | |||
Government securities | 0 | 0 | |
Corporate and other debt securities | 10,444 | 10,042 | |
Net carrying amount | 10,444 | 10,042 | |
Total financial assets at fair value through other comprehensive income | 10,444 | 10,042 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Level 3 | The Group | |||
Debt securities: | |||
Total financial assets carried at fair value, excluding derivatives | 455 | 1,576 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Level 3 | The Bank | |||
Debt securities: | |||
Total financial assets carried at fair value, excluding derivatives | 37 | 517 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Level 3 | Financial assets at fair value through profit or loss | The Group | |||
Financial assets at fair value through profit or loss | |||
Loans and advances to customers | 395 | 1,511 | |
Equity shares | 4 | 0 | |
Total financial assets at fair value through profit or loss | 399 | 1,511 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Level 3 | Financial assets at fair value through profit or loss | The Bank | |||
Financial assets at fair value through profit or loss | |||
Loans and advances to customers | 33 | 517 | |
Equity shares | 4 | 0 | |
Total financial assets at fair value through profit or loss | 37 | 517 | |
Debt securities: | |||
Corporate and other debt securities | 0 | 0 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Level 3 | Financial assets at fair value through other comprehensive income | The Group | |||
Financial assets at fair value through profit or loss | |||
Equity shares | 1 | 0 | |
Debt securities: | |||
Government securities | 0 | 0 | |
Asset-backed securities | 55 | 65 | |
Corporate and other debt securities | 0 | 0 | |
Net carrying amount | 55 | 65 | |
Total financial assets at fair value through other comprehensive income | 56 | 65 | |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | Level 3 | Financial assets at fair value through other comprehensive income | The Bank | |||
Debt securities: | |||
Government securities | 0 | 0 | |
Corporate and other debt securities | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Total financial assets at fair value through other comprehensive income | £ 0 | £ 0 | |
[1] | ee note 1 regarding change to presentation. |
FINANCIAL INSTRUMENTS - Sched_3
FINANCIAL INSTRUMENTS - Schedule of Movements in Level 3 Portfolio (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Portfolio [Line Items] | ||
At 1 January | £ 579,429 | |
Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income | 3 | £ 0 |
At 31 December | 579,837 | 579,429 |
The Bank | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Portfolio [Line Items] | ||
At 1 January | 401,987 | |
Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income | 2 | 0 |
At 31 December | 369,568 | 401,987 |
Level 3 | The Group | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Portfolio [Line Items] | ||
Gains recognised in the income statement within other income | (5) | 0 |
Gains (losses) recognised in the income statement, within other income, relating to the change in fair value of those assets held at 31 December | (4) | 0 |
Level 3 | The Group | Financial assets at fair value through profit or loss | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Portfolio [Line Items] | ||
At 1 January | 1,511 | 1,829 |
Exchange and other adjustments | 2 | 85 |
Gains recognised in the income statement within other income | (72) | 20 |
Purchases/increases to customer loans | 397 | 303 |
Sales/repayments of customer loans | (794) | (677) |
Transfers into the level 3 portfolio | 4 | 0 |
Transfers out of the level 3 portfolio | (649) | (49) |
At 31 December | 399 | 1,511 |
Gains (losses) recognised in the income statement, within other income, relating to the change in fair value of those assets held at 31 December | (60) | 103 |
Level 3 | The Group | Financial assets at fair value through other comprehensive income | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Portfolio [Line Items] | ||
At 1 January | 65 | 60 |
Exchange and other adjustments | (2) | 3 |
Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income | (2) | 4 |
Purchases/increases to customer loans | 0 | 0 |
Sales/repayments of customer loans | (5) | (2) |
Transfers into the level 3 portfolio | 0 | 0 |
Transfers out of the level 3 portfolio | 0 | 0 |
At 31 December | 56 | 65 |
Level 3 | The Group | Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Portfolio [Line Items] | ||
At 1 January | 1,576 | 1,889 |
Exchange and other adjustments | 0 | 88 |
Gains recognised in the income statement within other income | (72) | 20 |
Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income | (2) | 4 |
Purchases/increases to customer loans | 397 | 303 |
Sales/repayments of customer loans | (799) | (679) |
Transfers into the level 3 portfolio | 4 | 0 |
Transfers out of the level 3 portfolio | (649) | (49) |
At 31 December | 455 | 1,576 |
Gains (losses) recognised in the income statement, within other income, relating to the change in fair value of those assets held at 31 December | (60) | 103 |
Level 3 | The Bank | Financial assets at fair value through profit or loss | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Portfolio [Line Items] | ||
At 1 January | 517 | 409 |
Exchange and other adjustments | 5 | 101 |
Gains recognised in the income statement within other income | 6 | 5 |
Purchases/increases to customer loans | 393 | 258 |
Sales/repayments of customer loans | (499) | (207) |
Transfers into the level 3 portfolio | 4 | 0 |
Transfers out of the level 3 portfolio | (389) | (49) |
At 31 December | 37 | 517 |
Gains (losses) recognised in the income statement, within other income, relating to the change in fair value of those assets held at 31 December | 11 | 106 |
Level 3 | The Bank | Financial assets at fair value through other comprehensive income | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Portfolio [Line Items] | ||
At 1 January | 0 | 0 |
Exchange and other adjustments | 0 | 0 |
Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income | 0 | 0 |
Purchases/increases to customer loans | 0 | 0 |
Sales/repayments of customer loans | 0 | 0 |
Transfers into the level 3 portfolio | 0 | 0 |
Transfers out of the level 3 portfolio | 0 | 0 |
At 31 December | 0 | 0 |
Level 3 | The Bank | Total level 3 assets carried at fair value, excluding derivatives (recurring basis) | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Portfolio [Line Items] | ||
At 1 January | 517 | 409 |
Exchange and other adjustments | 5 | 101 |
Gains recognised in the income statement within other income | 6 | 5 |
Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income | 0 | 0 |
Purchases/increases to customer loans | 393 | 258 |
Sales/repayments of customer loans | (499) | (207) |
Transfers into the level 3 portfolio | 4 | 0 |
Transfers out of the level 3 portfolio | (389) | (49) |
At 31 December | 37 | 517 |
Gains (losses) recognised in the income statement, within other income, relating to the change in fair value of those assets held at 31 December | £ 11 | £ 106 |
FINANCIAL INSTRUMENTS - Sched_4
FINANCIAL INSTRUMENTS - Schedule of Financial Liabilities Excluding Derivatives (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Debt securities in issue designated at fair value through profit or loss | £ 6,537 | £ 6,828 |
Trading liabilities: | 0 | 3 |
Total financial liabilities at fair value through profit or loss | 6,537 | 6,831 |
The Group | Other deposits | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Trading liabilities: | 0 | 2 |
The Group | Short positions in securities | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Trading liabilities: | 0 | 1 |
The Bank | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Debt securities in issue designated at fair value through profit or loss | 9,821 | 7,905 |
Trading liabilities: | 0 | 2 |
Total financial liabilities at fair value through profit or loss | 9,821 | 7,907 |
The Bank | Other deposits | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Trading liabilities: | 0 | 2 |
Level 1 | The Group | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Debt securities in issue designated at fair value through profit or loss | 0 | 0 |
Trading liabilities: | 0 | 1 |
Total financial liabilities at fair value through profit or loss | 0 | 1 |
Level 1 | The Group | Other deposits | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Trading liabilities: | 0 | 0 |
Level 1 | The Group | Short positions in securities | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Trading liabilities: | 0 | 1 |
Level 1 | The Bank | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Debt securities in issue designated at fair value through profit or loss | 0 | 0 |
Total financial liabilities at fair value through profit or loss | 0 | 0 |
Level 1 | The Bank | Other deposits | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Trading liabilities: | 0 | 0 |
Level 2 | The Group | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Debt securities in issue designated at fair value through profit or loss | 6,504 | 6,783 |
Trading liabilities: | 0 | 2 |
Total financial liabilities at fair value through profit or loss | 6,504 | 6,785 |
Level 2 | The Group | Other deposits | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Trading liabilities: | 0 | 2 |
Level 2 | The Group | Short positions in securities | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Trading liabilities: | 0 | 0 |
Level 2 | The Bank | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Debt securities in issue designated at fair value through profit or loss | 9,821 | 7,905 |
Total financial liabilities at fair value through profit or loss | 9,821 | 7,907 |
Level 2 | The Bank | Other deposits | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Trading liabilities: | 0 | 2 |
Level 3 | The Group | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Debt securities in issue designated at fair value through profit or loss | 33 | 45 |
Trading liabilities: | 0 | 0 |
Total financial liabilities at fair value through profit or loss | 33 | 45 |
Level 3 | The Group | Other deposits | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Trading liabilities: | 0 | 0 |
Level 3 | The Group | Short positions in securities | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Trading liabilities: | 0 | 0 |
Level 3 | The Bank | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Debt securities in issue designated at fair value through profit or loss | 0 | 0 |
Total financial liabilities at fair value through profit or loss | 0 | 0 |
Level 3 | The Bank | Other deposits | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Trading liabilities: | £ 0 | £ 0 |
FINANCIAL INSTRUMENTS - Sched_5
FINANCIAL INSTRUMENTS - Schedule of Movements in Level 3 Financial Liabilities Excluding Derivatives (Details) - The Group - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Financial Liabilities Excluding Derivatives [Line Items] | ||
At 1 January | £ 553,234 | |
At 31 December | 555,934 | £ 553,234 |
Level 3 | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Financial Liabilities Excluding Derivatives [Line Items] | ||
At 1 January | 45 | 47 |
Gains recognised in the income statement within other income | (5) | 0 |
Redemptions | (7) | (2) |
At 31 December | 33 | 45 |
Gains (losses) recognised in the income statement, within other income, relating to the change in fair value of those assets held at 31 December | £ (4) | £ 0 |
FINANCIAL INSTRUMENTS - Sched_6
FINANCIAL INSTRUMENTS - Schedule of Derivatives (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative assets | £ 5,511 | £ 8,341 |
Derivative liabilities | (4,643) | (8,228) |
The Group | Level 1 | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative assets | 0 | 0 |
Derivative liabilities | 0 | 0 |
The Group | Level 2 | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative assets | 5,495 | 8,327 |
Derivative liabilities | (4,436) | (7,909) |
The Group | Level 3 | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative assets | 16 | 14 |
Derivative liabilities | (207) | (319) |
The Bank | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative assets | 6,898 | 12,595 |
Derivative liabilities | (6,102) | (11,072) |
The Bank | Level 1 | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative assets | 0 | 0 |
Derivative liabilities | 0 | 0 |
The Bank | Level 2 | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative assets | 6,882 | 12,581 |
Derivative liabilities | (6,071) | (11,012) |
The Bank | Level 3 | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative assets | 16 | 14 |
Derivative liabilities | £ (31) | £ (60) |
FINANCIAL INSTRUMENTS - Sched_7
FINANCIAL INSTRUMENTS - Schedule of Level 3 Derivative Assets and Liabilities (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
The Group | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items] | |||
At 1 January, derivative assets | £ 8,341 | ||
At 1 January, derivative liabilities | (8,228) | ||
Exchange and other adjustments | 19 | £ 0 | £ 2 |
At 31 December, derivative assets | 5,511 | 8,341 | |
At 31 December, derivative liabilities | (4,643) | (8,228) | |
The Bank | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items] | |||
At 1 January, derivative assets | 12,595 | ||
At 1 January, derivative liabilities | (11,072) | ||
Exchange and other adjustments | 2 | (1) | (6) |
At 31 December, derivative assets | 6,898 | 12,595 | |
At 31 December, derivative liabilities | (6,102) | (11,072) | |
Level 3 | The Group | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items] | |||
Losses (gains) recognised in the income statement within other income | 5 | 0 | |
Level 3 | Derivative assets | The Group | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items] | |||
At 1 January, derivative assets | 14 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Losses (gains) recognised in the income statement within other income | 2 | 1 | |
(Sales) redemptions | 0 | 0 | |
Transfers into the level 3 portfolio | 0 | 13 | |
Transfers out of the level 3 portfolio | 0 | 0 | |
At 31 December, derivative assets | 16 | 14 | 0 |
Level 3 | Derivative assets | The Group | Change in fair value of assets or liabilities | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items] | |||
Losses (gains) recognised in the income statement within other income | (2) | (1) | |
Level 3 | Derivative assets | The Bank | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items] | |||
At 1 January, derivative assets | 14 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Losses (gains) recognised in the income statement within other income | 2 | 1 | |
(Sales) redemptions | 0 | 0 | |
Transfers into the level 3 portfolio | 0 | 13 | |
Transfers out of the level 3 portfolio | 0 | 0 | |
At 31 December, derivative assets | 16 | 14 | 0 |
Level 3 | Derivative assets | The Bank | Change in fair value of assets or liabilities | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items] | |||
Losses (gains) recognised in the income statement within other income | (2) | (1) | |
Level 3 | Derivative liabilities | The Group | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items] | |||
At 1 January, derivative liabilities | (319) | (297) | |
Exchange and other adjustments | 0 | 0 | |
Losses (gains) recognised in the income statement within other income | 93 | 0 | |
(Sales) redemptions | 19 | 19 | |
Transfers into the level 3 portfolio | 0 | (41) | |
Transfers out of the level 3 portfolio | 0 | 0 | |
At 31 December, derivative liabilities | (207) | (319) | (297) |
Level 3 | Derivative liabilities | The Group | Change in fair value of assets or liabilities | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items] | |||
Losses (gains) recognised in the income statement within other income | 69 | 0 | |
Level 3 | Derivative liabilities | The Bank | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items] | |||
At 1 January, derivative liabilities | (60) | 0 | |
Exchange and other adjustments | 0 | 0 | |
Losses (gains) recognised in the income statement within other income | 29 | (8) | |
(Sales) redemptions | 0 | 0 | |
Transfers into the level 3 portfolio | 0 | (52) | |
Transfers out of the level 3 portfolio | 0 | 0 | |
At 31 December, derivative liabilities | (31) | (60) | £ 0 |
Level 3 | Derivative liabilities | The Bank | Change in fair value of assets or liabilities | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items] | |||
Losses (gains) recognised in the income statement within other income | £ 29 | £ (8) |
FINANCIAL INSTRUMENTS - Sched_8
FINANCIAL INSTRUMENTS - Schedule of Valuation Adjustment Movements (Details) - The Group - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Adjustment Movements [Line Items] | ||
At 1 January | £ 242 | £ 214 |
Income statement charge (credit) | (88) | 28 |
Transfers | 0 | 0 |
At 31 December | £ 154 | £ 242 |
FINANCIAL INSTRUMENTS - Sched_9
FINANCIAL INSTRUMENTS - Schedule of Valuation Adjustments (Details) - The Group - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Adjustments [Line Items] | |||
Valuation Adjustment | £ 154 | £ 242 | £ 214 |
Credit Valuation Adjustment | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Adjustments [Line Items] | |||
Valuation Adjustment | 112 | 178 | |
Debit Valuation Adjustment | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Adjustments [Line Items] | |||
Valuation Adjustment | (4) | (6) | |
Funding Valuation Adjustment | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Adjustments [Line Items] | |||
Valuation Adjustment | £ 46 | £ 70 |
FINANCIAL INSTRUMENTS - Sche_10
FINANCIAL INSTRUMENTS - Schedule of Sensitivity of Level 3 Valuations (Details) £ in Millions | Dec. 31, 2021GBP (£) | Dec. 31, 2020GBP (£) |
Interest rate spreads | Minimum | Financial liabilities at fair value through profit or loss, category | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, liabilities | (0.0050) | (0.0050) |
Interest rate spreads | Maximum | Financial liabilities at fair value through profit or loss, category | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, liabilities | 0.0050 | 0.0050 |
Interest rate volatility | Minimum | Derivative liabilities | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, liabilities | 0.13 | 0.33 |
Interest rate volatility | Maximum | Derivative liabilities | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, liabilities | 1.68 | 0.60 |
Interest rate volatility | Favourable changes | Option pricing model | Derivative liabilities | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | £ 0 | £ 0 |
Interest rate volatility | Unfavourable changes | Option pricing model | Derivative liabilities | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | £ 0 | £ 0 |
Housing Price Index | Minimum | Derivative liabilities | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, liabilities | (0.01) | (0.01) |
Housing Price Index | Maximum | Derivative liabilities | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, liabilities | 0.01 | 0.01 |
Housing Price Index | Favourable changes | Market values – property valuation | Derivative liabilities | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | £ 19 | £ 24 |
Housing Price Index | Unfavourable changes | Market values – property valuation | Derivative liabilities | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | (18) | (22) |
Financial assets at fair value through profit or loss | Favourable changes | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Equity investments | 2 | 0 |
Financial assets at fair value through profit or loss | Unfavourable changes | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Equity investments | £ (2) | £ 0 |
Financial assets at fair value through profit or loss | Interest rate spreads | Minimum | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, assets | (0.0050) | |
Financial assets at fair value through profit or loss | Interest rate spreads | Maximum | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, assets | 0.0050 | 0.0106 |
Financial assets at fair value through profit or loss | Interest rate spreads | Favourable changes | Discounted cash flows | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Loans and advances to customers | £ 32 | £ 47 |
Financial assets at fair value through profit or loss | Interest rate spreads | Favourable changes | Discounted cash flows | Level 3 | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Financial liabilities at fair value through profit or loss | 1 | 1 |
Financial assets at fair value through profit or loss | Interest rate spreads | Unfavourable changes | Discounted cash flows | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Loans and advances to customers | (30) | (45) |
Financial assets at fair value through profit or loss | Interest rate spreads | Unfavourable changes | Discounted cash flows | Level 3 | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Financial liabilities at fair value through profit or loss | (1) | (1) |
Financial assets at fair value through other comprehensive income | Favourable changes | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Equity investments | 0 | 0 |
Financial assets at fair value through other comprehensive income | Favourable changes | Lead manager or broker quote/consensus pricing | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Asset-backed securities | 4 | 4 |
Financial assets at fair value through other comprehensive income | Unfavourable changes | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Equity investments | 0 | 0 |
Financial assets at fair value through other comprehensive income | Unfavourable changes | Lead manager or broker quote/consensus pricing | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Asset-backed securities | £ (4) | £ (4) |
Derivative assets | Interest rate volatility | Minimum | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, liabilities | 0.31 | 0.13 |
Derivative assets | Interest rate volatility | Maximum | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, liabilities | 0.59 | 1.28 |
Derivative assets | Interest rate volatility | Favourable changes | Option pricing model | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | £ 0 | £ 0 |
Derivative assets | Interest rate volatility | Unfavourable changes | Option pricing model | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | 0 | 0 |
Cost or valuation | Derivative liabilities | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | 207 | 319 |
Cost or valuation | Level 3 | Financial liabilities at fair value through profit or loss, category | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Level 3 financial liabilities carried at fair value | 240 | 364 |
Cost or valuation | Interest rate volatility | Option pricing model | Derivative liabilities | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | 31 | 48 |
Cost or valuation | Housing Price Index | Market values – property valuation | Derivative liabilities | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | 176 | 271 |
Cost or valuation | Financial assets at fair value through profit or loss | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Equity investments | 4 | 0 |
Financial assets at fair value through profit or loss | 399 | 1,511 |
Cost or valuation | Financial assets at fair value through profit or loss | Level 3 | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Level 3 financial assets carried at fair value | 471 | 1,590 |
Cost or valuation | Financial assets at fair value through profit or loss | Interest rate spreads | Discounted cash flows | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Loans and advances to customers | 395 | 1,511 |
Cost or valuation | Financial assets at fair value through profit or loss | Interest rate spreads | Discounted cash flows | Level 3 | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Financial liabilities at fair value through profit or loss | 33 | 45 |
Cost or valuation | Financial assets at fair value through other comprehensive income | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Equity investments | 1 | 0 |
Financial assets at fair value through other comprehensive income | 56 | 65 |
Cost or valuation | Financial assets at fair value through other comprehensive income | Lead manager or broker quote/consensus pricing | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Asset-backed securities | 55 | 65 |
Cost or valuation | Derivative assets | Interest rate volatility | Option pricing model | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | £ 16 | £ 14 |
FINANCIAL INSTRUMENTS - Sche_11
FINANCIAL INSTRUMENTS - Schedule of Valuation Hierarchy for Financial Assets (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
The Group | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | £ 7,474 | £ 5,950 | £ 4,852 | |
Loans and advances to customers and reverse repurchase agreements | 477,541 | 480,141 | ||
Loans and advances to banks | [1] | 4,478 | 4,324 | |
Loans and advances to customers | [1] | 430,829 | 425,694 | |
Debt securities | 4,562 | 5,137 | ||
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 739 | 738 | ||
The Bank | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 7,287 | 5,656 | £ 4,453 | |
Loans and advances to customers and reverse repurchase agreements | 163,428 | 178,269 | ||
Loans and advances to banks | [1] | 4,291 | 4,030 | |
Loans and advances to customers | [1] | 116,716 | 123,822 | |
Debt securities | 3,756 | 4,315 | ||
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 108,424 | 128,771 | ||
Level 1 | The Group | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | ||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | ||
Debt securities | 0 | 0 | ||
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 0 | 0 | ||
Level 1 | The Group | Reverse repurchase agreements | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | ||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | ||
Level 1 | The Bank | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | ||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | ||
Debt securities | 0 | 0 | ||
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 0 | 0 | ||
Level 1 | The Bank | Reverse repurchase agreements | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | ||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | ||
Level 2 | The Group | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 2,996 | 1,626 | ||
Loans and advances to customers and reverse repurchase agreements | 46,712 | 54,447 | ||
Debt securities | 4,615 | 5,129 | ||
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 0 | 0 | ||
Level 2 | The Group | Reverse repurchase agreements | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 2,996 | 1,626 | ||
Loans and advances to customers and reverse repurchase agreements | 46,712 | 54,447 | ||
Level 2 | The Bank | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 2,996 | 1,626 | ||
Loans and advances to customers and reverse repurchase agreements | 46,712 | 54,447 | ||
Debt securities | 3,817 | 4,315 | ||
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 0 | 0 | ||
Level 2 | The Bank | Reverse repurchase agreements | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 2,996 | 1,626 | ||
Loans and advances to customers and reverse repurchase agreements | 46,712 | 54,447 | ||
Level 3 | The Group | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 4,478 | 4,323 | ||
Loans and advances to customers and reverse repurchase agreements | 434,280 | 425,071 | ||
Debt securities | 0 | 0 | ||
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 739 | 738 | ||
Level 3 | The Group | Reverse repurchase agreements | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | ||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | ||
Level 3 | The Bank | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 4,291 | 4,029 | ||
Loans and advances to customers and reverse repurchase agreements | 116,117 | 122,076 | ||
Debt securities | 0 | 0 | ||
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 108,424 | 128,771 | ||
Level 3 | The Bank | Reverse repurchase agreements | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | ||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | ||
Cost or valuation | The Group | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 7,474 | 5,950 | ||
Loans and advances to customers and reverse repurchase agreements | 477,541 | 480,141 | ||
Debt securities | 4,562 | 5,137 | ||
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 739 | 738 | ||
Cost or valuation | The Group | Reverse repurchase agreements | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 2,996 | 1,626 | ||
Loans and advances to customers and reverse repurchase agreements | 46,712 | 54,447 | ||
Cost or valuation | The Bank | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 7,287 | 5,656 | ||
Loans and advances to customers and reverse repurchase agreements | 163,428 | 178,269 | ||
Debt securities | 3,756 | 4,315 | ||
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 108,424 | 128,771 | ||
Cost or valuation | The Bank | Reverse repurchase agreements | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 2,996 | 1,626 | ||
Loans and advances to customers and reverse repurchase agreements | 46,712 | 54,447 | ||
Fair value | The Group | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 7,474 | 5,949 | ||
Loans and advances to customers and reverse repurchase agreements | 480,992 | 479,518 | ||
Debt securities | 4,615 | 5,129 | ||
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 739 | 738 | ||
Fair value | The Group | Reverse repurchase agreements | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 2,996 | 1,626 | ||
Loans and advances to customers and reverse repurchase agreements | 46,712 | 54,447 | ||
Fair value | The Bank | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 7,287 | 5,655 | ||
Loans and advances to customers and reverse repurchase agreements | 162,829 | 176,523 | ||
Debt securities | 3,817 | 4,315 | ||
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 108,424 | 128,771 | ||
Fair value | The Bank | Reverse repurchase agreements | ||||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | ||||
Loans and advances to banks and reverse repurchase agreements | 2,996 | 1,626 | ||
Loans and advances to customers and reverse repurchase agreements | £ 46,712 | £ 54,447 | ||
[1] | ee note 1 regarding change to presentation. |
FINANCIAL INSTRUMENTS - Sche_12
FINANCIAL INSTRUMENTS - Schedule of Valuation Hierarchy for Financial Liabilities (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Subordinated liabilities | £ 9,242 | ||
The Group | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | £ 33,448 | 24,997 | |
Customer deposits and repurchase agreements | 449,394 | 434,569 | |
Due to fellow Lloyds Banking Group undertakings | 1,490 | 6,875 | |
Debt securities in issue | 48,724 | 59,293 | |
Subordinated liabilities | 8,658 | 9,242 | £ 12,586 |
The Bank | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 2,825 | 10,304 | |
Customer deposits and repurchase agreements | 268,704 | 264,473 | |
Due to fellow Lloyds Banking Group undertakings | 22,872 | 39,836 | |
Debt securities in issue | 38,439 | 48,109 | |
Subordinated liabilities | 7,907 | 7,751 | £ 9,909 |
Level 1 | The Group | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 0 | 0 | |
Customer deposits and repurchase agreements | 0 | 0 | |
Due to fellow Lloyds Banking Group undertakings | 0 | 0 | |
Debt securities in issue | 0 | 0 | |
Subordinated liabilities | 0 | 0 | |
Level 1 | The Group | Repurchase agreements | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 0 | 0 | |
Customer deposits and repurchase agreements | 0 | 0 | |
Level 1 | The Bank | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 0 | 0 | |
Customer deposits and repurchase agreements | 0 | 0 | |
Due to fellow Lloyds Banking Group undertakings | 0 | 0 | |
Debt securities in issue | 0 | 0 | |
Subordinated liabilities | 0 | 0 | |
Level 1 | The Bank | Repurchase agreements | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 0 | 0 | |
Customer deposits and repurchase agreements | 0 | 0 | |
Level 2 | The Group | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 33,449 | 24,998 | |
Customer deposits and repurchase agreements | 449,476 | 427,663 | |
Due to fellow Lloyds Banking Group undertakings | 1,490 | 6,875 | |
Debt securities in issue | 50,683 | 62,931 | |
Subordinated liabilities | 9,363 | 10,275 | |
Level 2 | The Group | Repurchase agreements | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 30,085 | 18,767 | |
Customer deposits and repurchase agreements | 21 | 9,417 | |
Level 2 | The Bank | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 2,825 | 10,304 | |
Customer deposits and repurchase agreements | 268,721 | 264,497 | |
Due to fellow Lloyds Banking Group undertakings | 22,872 | 39,836 | |
Debt securities in issue | 40,222 | 50,824 | |
Subordinated liabilities | 8,333 | 8,387 | |
Level 2 | The Bank | Repurchase agreements | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 57 | 5,087 | |
Customer deposits and repurchase agreements | 21 | 9,417 | |
Level 3 | The Group | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 0 | 0 | |
Customer deposits and repurchase agreements | 0 | 7,077 | |
Due to fellow Lloyds Banking Group undertakings | 0 | 0 | |
Debt securities in issue | 0 | 0 | |
Subordinated liabilities | 0 | 0 | |
Level 3 | The Group | Repurchase agreements | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 0 | 0 | |
Customer deposits and repurchase agreements | 0 | 0 | |
Level 3 | The Bank | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 0 | 0 | |
Customer deposits and repurchase agreements | 0 | 0 | |
Due to fellow Lloyds Banking Group undertakings | 0 | 0 | |
Debt securities in issue | 0 | 0 | |
Subordinated liabilities | 0 | 0 | |
Level 3 | The Bank | Repurchase agreements | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 0 | 0 | |
Customer deposits and repurchase agreements | 0 | 0 | |
Cost or valuation | The Group | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 33,448 | 24,997 | |
Customer deposits and repurchase agreements | 449,394 | 434,569 | |
Due to fellow Lloyds Banking Group undertakings | 1,490 | 6,875 | |
Debt securities in issue | 48,724 | 59,293 | |
Subordinated liabilities | 8,658 | 9,242 | |
Cost or valuation | The Group | Repurchase agreements | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 30,085 | 18,767 | |
Customer deposits and repurchase agreements | 21 | 9,417 | |
Cost or valuation | The Bank | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 2,825 | 10,304 | |
Customer deposits and repurchase agreements | 268,704 | 264,473 | |
Due to fellow Lloyds Banking Group undertakings | 22,872 | 39,836 | |
Debt securities in issue | 38,439 | 48,109 | |
Subordinated liabilities | 7,907 | 7,751 | |
Cost or valuation | The Bank | Repurchase agreements | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 57 | 5,087 | |
Customer deposits and repurchase agreements | 21 | 9,417 | |
Fair value | The Group | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 33,449 | 24,998 | |
Customer deposits and repurchase agreements | 449,476 | 434,740 | |
Due to fellow Lloyds Banking Group undertakings | 1,490 | 6,875 | |
Debt securities in issue | 50,683 | 62,931 | |
Subordinated liabilities | 9,363 | 10,275 | |
Fair value | The Group | Repurchase agreements | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 30,085 | 18,767 | |
Customer deposits and repurchase agreements | 21 | 9,417 | |
Fair value | The Bank | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 2,825 | 10,304 | |
Customer deposits and repurchase agreements | 268,721 | 264,497 | |
Due to fellow Lloyds Banking Group undertakings | 22,872 | 39,836 | |
Debt securities in issue | 40,222 | 50,824 | |
Subordinated liabilities | 8,333 | 8,387 | |
Fair value | The Bank | Repurchase agreements | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 57 | 5,087 | |
Customer deposits and repurchase agreements | £ 21 | £ 9,417 |
TRANSFERS OF FINANCIAL ASSETS -
TRANSFERS OF FINANCIAL ASSETS - Schedule of Transferred Assets and Liabilities (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | |
Notes in issue | |||
Financial assets at amortised cost: | |||
Notes in circulation | £ 21,112 | £ 28,458 | |
The Group | |||
Repurchase and securities lending transactions | |||
Financial assets at fair value through profit or loss | 1,798 | 1,674 | |
Financial assets at fair value through other comprehensive income | 27,786 | 27,260 | |
Financial assets at amortised cost: | |||
Loans and advances to customers | [1] | 430,829 | 425,694 |
Notes in circulation | 1,321 | 1,305 | |
The Bank | |||
Repurchase and securities lending transactions | |||
Financial assets at fair value through profit or loss | 4,529 | 1,724 | |
Financial assets at fair value through other comprehensive income | 25,529 | 24,647 | |
Financial assets at amortised cost: | |||
Loans and advances to customers | [1] | 116,716 | 123,822 |
Notes in circulation | 0 | 0 | |
Securitisation programmes | Notes in issue | |||
Financial assets at amortised cost: | |||
Notes in circulation | 27,226 | 31,899 | |
Securitisation programmes | Notes in issue | Less held by the Group | |||
Financial assets at amortised cost: | |||
Notes in circulation | 23,521 | 27,418 | |
Carrying value of transferred assets | Repurchase and securities lending transactions | The Group | |||
Repurchase and securities lending transactions | |||
Financial assets at fair value through profit or loss | 0 | 0 | |
Financial assets at fair value through other comprehensive income | 7,706 | ||
Financial assets at fair value through other comprehensive income | 7,475 | ||
Carrying value of transferred assets | Repurchase and securities lending transactions | The Bank | |||
Repurchase and securities lending transactions | |||
Financial assets at fair value through profit or loss | 0 | 3,244 | |
Financial assets at fair value through other comprehensive income | 8,626 | ||
Financial assets at fair value through other comprehensive income | 4,889 | ||
Carrying value of transferred assets | Securitisation programmes | The Group | |||
Financial assets at amortised cost: | |||
Loans and advances to customers | 30,965 | 34,584 | |
Carrying value of transferred assets | Securitisation programmes | The Bank | |||
Financial assets at amortised cost: | |||
Loans and advances to customers | 2,847 | 4,072 | |
Carrying value of associated liabilities | Repurchase and securities lending transactions | The Group | |||
Repurchase and securities lending transactions | |||
Financial assets at fair value through profit or loss | 0 | 0 | |
Financial assets at fair value through other comprehensive income | 5,039 | ||
Financial assets at fair value through other comprehensive income | 5,105 | ||
Carrying value of associated liabilities | Repurchase and securities lending transactions | The Bank | |||
Repurchase and securities lending transactions | |||
Financial assets at fair value through profit or loss | 0 | 1,869 | |
Financial assets at fair value through other comprehensive income | 5,745 | ||
Financial assets at fair value through other comprehensive income | 3,895 | ||
Carrying value of associated liabilities | Securitisation programmes | The Group | |||
Financial assets at amortised cost: | |||
Loans and advances to customers | 3,705 | 4,481 | |
Carrying value of associated liabilities | Securitisation programmes | The Bank | |||
Financial assets at amortised cost: | |||
Loans and advances to customers | £ 176 | £ 0 | |
[1] | ee note 1 regarding change to presentation. |
OFFSETTING OF FINANCIAL ASSET_3
OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES - Schedule of Offsetting of Financial Assets and Liabilities (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Gross assets and liabilities | ||
Financial assets | ||
Financial assets at fair value through other comprehensive income | £ 27,786 | £ 27,260 |
Financial liabilities | ||
Financial liabilities at fair value through profit or loss | 6,831 | |
Gross assets and liabilities | Financial liabilities at fair value through profit or loss, category | ||
Financial liabilities | ||
Financial liabilities at fair value through profit or loss | 6,537 | |
Gross assets and liabilities | Deposits from banks and repurchase agreements: | ||
Financial liabilities | ||
Deposits from banks | 34,631 | 25,005 |
Gross assets and liabilities | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 459,313 | 441,700 |
Gross assets and liabilities | Derivative liabilities | ||
Financial liabilities | ||
Derivative financial instruments | 32,797 | 66,003 |
Gross assets and liabilities | Financial assets at fair value through profit or loss | ||
Financial assets | ||
Financial assets at fair value through profit or loss | 1,798 | 1,674 |
Gross assets and liabilities | Derivative assets | ||
Financial assets | ||
Derivative financial instruments | 33,665 | 67,428 |
Gross assets and liabilities | Loans and advances to banks and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to banks | 8,657 | 5,958 |
Gross assets and liabilities | Loans and advances to customers and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to customers | 487,460 | 485,960 |
Gross assets and liabilities | Debt securities | ||
Financial assets | ||
Debt securities | 4,562 | 5,137 |
Gross assets and liabilities | Loans and advances to banks | Loans and advances to banks and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to banks | 4,478 | 4,324 |
Gross assets and liabilities | Loans and advances to banks | Loans and advances to customers and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to customers | 431,994 | 426,104 |
Gross assets and liabilities | Reverse repurchase agreements | Loans and advances to banks and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to banks | 4,179 | 1,634 |
Gross assets and liabilities | Reverse repurchase agreements | Loans and advances to customers and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to customers | 55,466 | 59,856 |
Gross assets and liabilities | Deposits from banks | Deposits from banks and repurchase agreements: | ||
Financial liabilities | ||
Deposits from banks | 3,363 | 6,230 |
Gross assets and liabilities | Deposits from banks | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 450,538 | 426,874 |
Gross assets and liabilities | Repurchase agreements | Deposits from banks and repurchase agreements: | ||
Financial liabilities | ||
Deposits from banks | 31,268 | 18,775 |
Gross assets and liabilities | Repurchase agreements | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 8,775 | 14,826 |
Offset | ||
Financial assets | ||
Financial assets at fair value through other comprehensive income | 0 | 0 |
Financial liabilities | ||
Financial liabilities at fair value through profit or loss | 0 | |
Offset | Financial liabilities at fair value through profit or loss, category | ||
Financial liabilities | ||
Financial liabilities at fair value through profit or loss | 0 | |
Offset | Deposits from banks and repurchase agreements: | ||
Financial liabilities | ||
Deposits from banks | 1,183 | 8 |
Offset | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 9,919 | 7,131 |
Offset | Derivative liabilities | ||
Financial liabilities | ||
Derivative financial instruments | 28,154 | 57,775 |
Offset | Financial assets at fair value through profit or loss | ||
Financial assets | ||
Financial assets at fair value through profit or loss | 0 | 0 |
Offset | Derivative assets | ||
Financial assets | ||
Derivative financial instruments | 28,154 | 59,087 |
Offset | Loans and advances to banks and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to banks | 1,183 | 8 |
Offset | Loans and advances to customers and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to customers | 9,919 | 5,819 |
Offset | Debt securities | ||
Financial assets | ||
Debt securities | 0 | 0 |
Offset | Loans and advances to banks | Loans and advances to banks and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to banks | 0 | 0 |
Offset | Loans and advances to banks | Loans and advances to customers and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to customers | 1,165 | 410 |
Offset | Reverse repurchase agreements | Loans and advances to banks and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to banks | 1,183 | 8 |
Offset | Reverse repurchase agreements | Loans and advances to customers and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to customers | 8,754 | 5,409 |
Offset | Deposits from banks | Deposits from banks and repurchase agreements: | ||
Financial liabilities | ||
Deposits from banks | 0 | 0 |
Offset | Deposits from banks | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 1,165 | 1,722 |
Offset | Repurchase agreements | Deposits from banks and repurchase agreements: | ||
Financial liabilities | ||
Deposits from banks | 1,183 | 8 |
Offset | Repurchase agreements | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 8,754 | 5,409 |
Net amount recognised in the balance sheet | ||
Financial assets | ||
Financial assets at fair value through other comprehensive income | 27,786 | 27,260 |
Financial liabilities | ||
Financial liabilities at fair value through profit or loss | 6,831 | |
Net amount recognised in the balance sheet | Financial liabilities at fair value through profit or loss, category | ||
Financial liabilities | ||
Financial liabilities at fair value through profit or loss | 6,537 | |
Net amount recognised in the balance sheet | Deposits from banks and repurchase agreements: | ||
Financial liabilities | ||
Deposits from banks | 33,448 | 24,997 |
Net amount recognised in the balance sheet | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 449,394 | 434,569 |
Net amount recognised in the balance sheet | Derivative liabilities | ||
Financial liabilities | ||
Derivative financial instruments | 4,643 | 8,228 |
Net amount recognised in the balance sheet | Financial assets at fair value through profit or loss | ||
Financial assets | ||
Financial assets at fair value through profit or loss | 1,798 | 1,674 |
Net amount recognised in the balance sheet | Derivative assets | ||
Financial assets | ||
Derivative financial instruments | 5,511 | 8,341 |
Net amount recognised in the balance sheet | Loans and advances to banks and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to banks | 7,474 | 5,950 |
Net amount recognised in the balance sheet | Loans and advances to customers and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to customers | 477,541 | 480,141 |
Net amount recognised in the balance sheet | Debt securities | ||
Financial assets | ||
Debt securities | 4,562 | 5,137 |
Net amount recognised in the balance sheet | Loans and advances to banks | Loans and advances to banks and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to banks | 4,478 | 4,324 |
Net amount recognised in the balance sheet | Loans and advances to banks | Loans and advances to customers and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to customers | 430,829 | 425,694 |
Net amount recognised in the balance sheet | Reverse repurchase agreements | Loans and advances to banks and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to banks | 2,996 | 1,626 |
Net amount recognised in the balance sheet | Reverse repurchase agreements | Loans and advances to customers and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to customers | 46,712 | 54,447 |
Net amount recognised in the balance sheet | Deposits from banks | Deposits from banks and repurchase agreements: | ||
Financial liabilities | ||
Deposits from banks | 3,363 | 6,230 |
Net amount recognised in the balance sheet | Deposits from banks | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 449,373 | 425,152 |
Net amount recognised in the balance sheet | Repurchase agreements | Deposits from banks and repurchase agreements: | ||
Financial liabilities | ||
Deposits from banks | 30,085 | 18,767 |
Net amount recognised in the balance sheet | Repurchase agreements | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 21 | 9,417 |
Cash collateral received/ pledged | ||
Financial assets | ||
Financial assets at fair value through other comprehensive income | 0 | 0 |
Financial liabilities | ||
Financial liabilities at fair value through profit or loss | 0 | |
Cash collateral received/ pledged | Financial liabilities at fair value through profit or loss, category | ||
Financial liabilities | ||
Financial liabilities at fair value through profit or loss | 0 | |
Cash collateral received/ pledged | Deposits from banks and repurchase agreements: | ||
Financial liabilities | ||
Deposits from banks | 1,404 | 2,351 |
Cash collateral received/ pledged | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 217 | 350 |
Cash collateral received/ pledged | Derivative liabilities | ||
Financial liabilities | ||
Derivative financial instruments | 452 | 1,860 |
Cash collateral received/ pledged | Financial assets at fair value through profit or loss | ||
Financial assets | ||
Financial assets at fair value through profit or loss | 0 | 0 |
Cash collateral received/ pledged | Derivative assets | ||
Financial assets | ||
Derivative financial instruments | 1,621 | 2,702 |
Cash collateral received/ pledged | Loans and advances to banks and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to banks | 350 | 1,023 |
Cash collateral received/ pledged | Loans and advances to customers and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to customers | 102 | 837 |
Cash collateral received/ pledged | Debt securities | ||
Financial assets | ||
Debt securities | 0 | 0 |
Cash collateral received/ pledged | Loans and advances to banks | Loans and advances to banks and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to banks | 350 | 1,023 |
Cash collateral received/ pledged | Loans and advances to banks | Loans and advances to customers and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to customers | 102 | 837 |
Cash collateral received/ pledged | Reverse repurchase agreements | Loans and advances to banks and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to banks | 0 | 0 |
Cash collateral received/ pledged | Reverse repurchase agreements | Loans and advances to customers and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to customers | 0 | 0 |
Cash collateral received/ pledged | Deposits from banks | Deposits from banks and repurchase agreements: | ||
Financial liabilities | ||
Deposits from banks | 1,404 | 2,351 |
Cash collateral received/ pledged | Deposits from banks | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 217 | 350 |
Cash collateral received/ pledged | Repurchase agreements | Deposits from banks and repurchase agreements: | ||
Financial liabilities | ||
Deposits from banks | 0 | 0 |
Cash collateral received/ pledged | Repurchase agreements | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 0 | 0 |
Non-cash collateral received/ pledged | ||
Financial assets | ||
Financial assets at fair value through other comprehensive income | 4,981 | 5,132 |
Financial liabilities | ||
Financial liabilities at fair value through profit or loss | 0 | |
Non-cash collateral received/ pledged | Financial liabilities at fair value through profit or loss, category | ||
Financial liabilities | ||
Financial liabilities at fair value through profit or loss | 0 | |
Non-cash collateral received/ pledged | Deposits from banks and repurchase agreements: | ||
Financial liabilities | ||
Deposits from banks | 30,085 | 18,767 |
Non-cash collateral received/ pledged | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 1,527 | 12,179 |
Non-cash collateral received/ pledged | Derivative liabilities | ||
Financial liabilities | ||
Derivative financial instruments | 4,191 | 4,849 |
Non-cash collateral received/ pledged | Financial assets at fair value through profit or loss | ||
Financial assets | ||
Financial assets at fair value through profit or loss | 35 | 0 |
Non-cash collateral received/ pledged | Derivative assets | ||
Financial assets | ||
Derivative financial instruments | 2,733 | 3,555 |
Non-cash collateral received/ pledged | Loans and advances to banks and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to banks | 2,996 | 1,626 |
Non-cash collateral received/ pledged | Loans and advances to customers and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to customers | 48,218 | 57,209 |
Non-cash collateral received/ pledged | Debt securities | ||
Financial assets | ||
Debt securities | 267 | 0 |
Non-cash collateral received/ pledged | Loans and advances to banks | Loans and advances to banks and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to banks | 0 | 0 |
Non-cash collateral received/ pledged | Loans and advances to banks | Loans and advances to customers and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to customers | 1,506 | 2,762 |
Non-cash collateral received/ pledged | Reverse repurchase agreements | Loans and advances to banks and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to banks | 2,996 | 1,626 |
Non-cash collateral received/ pledged | Reverse repurchase agreements | Loans and advances to customers and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to customers | 46,712 | 54,447 |
Non-cash collateral received/ pledged | Deposits from banks | Deposits from banks and repurchase agreements: | ||
Financial liabilities | ||
Deposits from banks | 0 | 0 |
Non-cash collateral received/ pledged | Deposits from banks | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 1,506 | 2,762 |
Non-cash collateral received/ pledged | Repurchase agreements | Deposits from banks and repurchase agreements: | ||
Financial liabilities | ||
Deposits from banks | 30,085 | 18,767 |
Non-cash collateral received/ pledged | Repurchase agreements | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 21 | 9,417 |
Potential net amounts if offset of related amounts permitted | ||
Financial assets | ||
Financial assets at fair value through other comprehensive income | 22,805 | 22,128 |
Financial liabilities | ||
Financial liabilities at fair value through profit or loss | 6,831 | |
Potential net amounts if offset of related amounts permitted | Financial liabilities at fair value through profit or loss, category | ||
Financial liabilities | ||
Financial liabilities at fair value through profit or loss | 6,537 | |
Potential net amounts if offset of related amounts permitted | Deposits from banks and repurchase agreements: | ||
Financial liabilities | ||
Deposits from banks | 1,959 | 3,879 |
Potential net amounts if offset of related amounts permitted | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 447,650 | 422,040 |
Potential net amounts if offset of related amounts permitted | Derivative liabilities | ||
Financial liabilities | ||
Derivative financial instruments | 0 | 1,519 |
Potential net amounts if offset of related amounts permitted | Financial assets at fair value through profit or loss | ||
Financial assets | ||
Financial assets at fair value through profit or loss | 1,763 | 1,674 |
Potential net amounts if offset of related amounts permitted | Derivative assets | ||
Financial assets | ||
Derivative financial instruments | 1,157 | 2,084 |
Potential net amounts if offset of related amounts permitted | Loans and advances to banks and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to banks | 4,128 | 3,301 |
Potential net amounts if offset of related amounts permitted | Loans and advances to customers and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to customers | 429,221 | 422,095 |
Potential net amounts if offset of related amounts permitted | Debt securities | ||
Financial assets | ||
Debt securities | 4,295 | 5,137 |
Potential net amounts if offset of related amounts permitted | Loans and advances to banks | Loans and advances to banks and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to banks | 4,128 | 3,301 |
Potential net amounts if offset of related amounts permitted | Loans and advances to banks | Loans and advances to customers and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to customers | 429,221 | 422,095 |
Potential net amounts if offset of related amounts permitted | Reverse repurchase agreements | Loans and advances to banks and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to banks | 0 | 0 |
Potential net amounts if offset of related amounts permitted | Reverse repurchase agreements | Loans and advances to customers and reverse repurchase agreements | ||
Financial assets | ||
Loans and advances to customers | 0 | 0 |
Potential net amounts if offset of related amounts permitted | Deposits from banks | Deposits from banks and repurchase agreements: | ||
Financial liabilities | ||
Deposits from banks | 1,959 | 3,879 |
Potential net amounts if offset of related amounts permitted | Deposits from banks | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 447,650 | 422,040 |
Potential net amounts if offset of related amounts permitted | Repurchase agreements | Deposits from banks and repurchase agreements: | ||
Financial liabilities | ||
Deposits from banks | 0 | 0 |
Potential net amounts if offset of related amounts permitted | Repurchase agreements | Customer deposits | ||
Financial liabilities | ||
Customer deposits | £ 0 | £ 0 |
FINANCIAL RISK MANAGEMENT - Sch
FINANCIAL RISK MANAGEMENT - Schedule of Maximum Credit Exposure (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
The Group | |||
Financial assets at fair value through profit or loss | |||
Financial assets at fair value through profit or loss | £ 1,798 | £ 1,674 | |
Derivative financial instruments | 5,511 | 8,341 | |
Financial assets at amortised cost: | |||
Loans and advances to banks and reverse repurchase agreements | 7,474 | 5,950 | £ 4,852 |
Loans and advances to customers and reverse repurchase agreements | 477,541 | 480,141 | |
Total debt securities held at amortised cost | 4,562 | 5,137 | |
Financial assets at amortised cost | 490,316 | 491,966 | |
The Bank | |||
Financial assets at fair value through profit or loss | |||
Financial assets at fair value through profit or loss | 4,529 | 1,724 | |
Derivative financial instruments | 6,898 | 12,595 | |
Financial assets at amortised cost: | |||
Loans and advances to banks and reverse repurchase agreements | 7,287 | 5,656 | £ 4,453 |
Loans and advances to customers and reverse repurchase agreements | 163,428 | 178,269 | |
Total debt securities held at amortised cost | 3,756 | 4,315 | |
Financial assets at amortised cost | 282,895 | 317,011 | |
Maximum exposure | The Group | |||
Financial assets at fair value through profit or loss | |||
Financial assets at fair value through profit or loss | 1,559 | 1,511 | |
Derivative financial instruments | 5,511 | 8,341 | |
Financial assets at amortised cost: | |||
Loans and advances to banks and reverse repurchase agreements | 7,474 | 5,950 | |
Loans and advances to customers and reverse repurchase agreements | 477,541 | 480,141 | |
Total debt securities held at amortised cost | 4,562 | 5,137 | |
Financial assets at amortised cost | 489,577 | 491,228 | |
Financial assets at fair value through other comprehensive income | 27,785 | 27,260 | |
Off-balance sheet items: | |||
Acceptances and endorsements | 21 | 73 | |
Other items serving as direct credit substitutes | 433 | 221 | |
Performance bonds, including letters of credit, and other transaction-related contingencies | 1,886 | 2,070 | |
Irrevocable commitments and guarantees | 55,690 | 59,240 | |
Off -balance sheet items | 58,030 | 61,604 | |
Maximum exposure to credit risk | 582,462 | 589,944 | |
Maximum exposure | The Bank | |||
Financial assets at fair value through profit or loss | |||
Financial assets at fair value through profit or loss | 4,525 | 1,720 | |
Derivative financial instruments | 6,898 | 12,595 | |
Financial assets at amortised cost: | |||
Loans and advances to banks and reverse repurchase agreements | 7,287 | 5,656 | |
Loans and advances to customers and reverse repurchase agreements | 163,428 | 178,269 | |
Total debt securities held at amortised cost | 3,756 | 4,315 | |
Financial assets at amortised cost | 174,471 | 188,240 | |
Financial assets at fair value through other comprehensive income | 25,529 | 24,647 | |
Off-balance sheet items: | |||
Acceptances and endorsements | 21 | 73 | |
Other items serving as direct credit substitutes | 375 | 203 | |
Performance bonds, including letters of credit, and other transaction-related contingencies | 1,681 | 1,817 | |
Irrevocable commitments and guarantees | 30,653 | 32,847 | |
Off -balance sheet items | 32,730 | 34,940 | |
Maximum exposure to credit risk | 244,153 | 262,142 | |
Maximum exposure | The Bank | Loans and advances | |||
Financial assets at fair value through profit or loss | |||
Financial assets at fair value through profit or loss | 1,121 | 517 | |
Maximum exposure | The Bank | Debt securities, treasury and other bills | |||
Financial assets at fair value through profit or loss | |||
Financial assets at fair value through profit or loss | 3,404 | 1,203 | |
Offset | The Group | |||
Financial assets at fair value through profit or loss | |||
Financial assets at fair value through profit or loss | 0 | 0 | |
Derivative financial instruments | 2,369 | 3,373 | |
Financial assets at amortised cost: | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
Loans and advances to customers and reverse repurchase agreements | 1,506 | 2,762 | |
Total debt securities held at amortised cost | 0 | 0 | |
Financial assets at amortised cost | 1,506 | 2,762 | |
Financial assets at fair value through other comprehensive income | 0 | 0 | |
Off-balance sheet items: | |||
Acceptances and endorsements | 0 | 0 | |
Other items serving as direct credit substitutes | 0 | 0 | |
Performance bonds, including letters of credit, and other transaction-related contingencies | 0 | 0 | |
Irrevocable commitments and guarantees | 0 | 0 | |
Off -balance sheet items | 0 | 0 | |
Maximum exposure to credit risk | 3,875 | 6,135 | |
Offset | The Bank | |||
Financial assets at fair value through profit or loss | |||
Financial assets at fair value through profit or loss | 0 | 0 | |
Derivative financial instruments | 2,019 | 2,752 | |
Financial assets at amortised cost: | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
Loans and advances to customers and reverse repurchase agreements | 1,201 | 2,156 | |
Total debt securities held at amortised cost | 0 | 0 | |
Financial assets at amortised cost | 1,201 | 2,156 | |
Financial assets at fair value through other comprehensive income | 0 | 0 | |
Off-balance sheet items: | |||
Acceptances and endorsements | 0 | 0 | |
Other items serving as direct credit substitutes | 0 | 0 | |
Performance bonds, including letters of credit, and other transaction-related contingencies | 0 | 0 | |
Irrevocable commitments and guarantees | 0 | 0 | |
Off -balance sheet items | 0 | 0 | |
Maximum exposure to credit risk | 3,220 | 4,908 | |
Offset | The Bank | Loans and advances | |||
Financial assets at fair value through profit or loss | |||
Financial assets at fair value through profit or loss | 0 | 0 | |
Offset | The Bank | Debt securities, treasury and other bills | |||
Financial assets at fair value through profit or loss | |||
Financial assets at fair value through profit or loss | 0 | 0 | |
Net exposure | The Group | |||
Financial assets at fair value through profit or loss | |||
Financial assets at fair value through profit or loss | 1,559 | 1,511 | |
Derivative financial instruments | 3,142 | 4,968 | |
Financial assets at amortised cost: | |||
Loans and advances to banks and reverse repurchase agreements | 7,474 | 5,950 | |
Loans and advances to customers and reverse repurchase agreements | 476,035 | 477,379 | |
Total debt securities held at amortised cost | 4,562 | 5,137 | |
Financial assets at amortised cost | 488,071 | 488,466 | |
Financial assets at fair value through other comprehensive income | 27,785 | 27,260 | |
Off-balance sheet items: | |||
Acceptances and endorsements | 21 | 73 | |
Other items serving as direct credit substitutes | 433 | 221 | |
Performance bonds, including letters of credit, and other transaction-related contingencies | 1,886 | 2,070 | |
Irrevocable commitments and guarantees | 55,690 | 59,240 | |
Off -balance sheet items | 58,030 | 61,604 | |
Maximum exposure to credit risk | 578,587 | 583,809 | |
Net exposure | The Bank | |||
Financial assets at fair value through profit or loss | |||
Financial assets at fair value through profit or loss | 4,525 | 1,720 | |
Derivative financial instruments | 4,879 | 9,843 | |
Financial assets at amortised cost: | |||
Loans and advances to banks and reverse repurchase agreements | 7,287 | 5,656 | |
Loans and advances to customers and reverse repurchase agreements | 162,227 | 176,113 | |
Total debt securities held at amortised cost | 3,756 | 4,315 | |
Financial assets at amortised cost | 173,270 | 186,084 | |
Financial assets at fair value through other comprehensive income | 25,529 | 24,647 | |
Off-balance sheet items: | |||
Acceptances and endorsements | 21 | 73 | |
Other items serving as direct credit substitutes | 375 | 203 | |
Performance bonds, including letters of credit, and other transaction-related contingencies | 1,681 | 1,817 | |
Irrevocable commitments and guarantees | 30,653 | 32,847 | |
Off -balance sheet items | 32,730 | 34,940 | |
Maximum exposure to credit risk | 240,933 | 257,234 | |
Net exposure | The Bank | Loans and advances | |||
Financial assets at fair value through profit or loss | |||
Financial assets at fair value through profit or loss | 1,121 | 517 | |
Net exposure | The Bank | Debt securities, treasury and other bills | |||
Financial assets at fair value through profit or loss | |||
Financial assets at fair value through profit or loss | £ 3,404 | £ 1,203 |
FINANCIAL RISK MANAGEMENT - Dis
FINANCIAL RISK MANAGEMENT - Disclosure of Concentration of Exposure (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | £ 477,541 | £ 480,141 |
The Group | Before allowance for impairment losses | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 481,345 | 485,842 |
The Group | Allowance for credit losses | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 3,804 | 5,701 |
The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 163,428 | 178,269 |
The Bank | Before allowance for impairment losses | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 164,604 | 180,550 |
The Bank | Allowance for credit losses | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 1,176 | 2,281 |
Agriculture, forestry and fishing | The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 7,728 | 7,835 |
Agriculture, forestry and fishing | The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 2,901 | 3,039 |
Energy and water supply | The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 1,962 | 1,274 |
Energy and water supply | The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 1,890 | 1,189 |
Manufacturing | The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 3,505 | 4,455 |
Manufacturing | The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 3,113 | 3,770 |
Construction | The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 4,325 | 5,046 |
Construction | The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 3,613 | 4,022 |
Transport, distribution and hotels | The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 13,367 | 14,229 |
Transport, distribution and hotels | The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 10,001 | 10,160 |
Postal and telecommunications | The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 1,857 | 2,261 |
Postal and telecommunications | The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 1,506 | 1,689 |
Property companies | The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 23,156 | 25,092 |
Property companies | The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 19,934 | 21,629 |
Financial, business and other services | The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 65,849 | 77,271 |
Financial, business and other services | The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 63,929 | 73,987 |
Mortgage offers made | The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 318,422 | 305,966 |
Mortgage offers made | The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 46,089 | 49,574 |
Other | The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 24,546 | 25,295 |
Other | The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 8,674 | 8,502 |
Lease financing | The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 843 | 1,047 |
Lease financing | The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 20 | 30 |
Hire purchase | The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | 15,785 | 16,071 |
Hire purchase | The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers and reverse repurchase agreements | £ 2,934 | £ 2,959 |
Loans and advances to customers exposure | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Percentage of exposure (in percent) | 66.00% | |
Financial, business and other services exposure | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Percentage of exposure (in percent) | 14.00% |
FINANCIAL RISK MANAGEMENT - D_2
FINANCIAL RISK MANAGEMENT - Disclosure of Credit Quality of Assets, Probability of Default (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | Stage 2 and Stage 3 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks and customers | £ 1,540 | £ 22,200 |
The Group | Reverse repurchase agreements | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Collateral held permitted to be sold or repledged, at fair value | 0 | |
Partial write off | The Group | Stage 3 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks and customers | 650 | 179 |
Loans and advances to banks and customers, outstanding | 1,279 | £ 732 |
Modified | Stage 1 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks and customers | £ 6,657 | |
RMS 1-6 | Retail | Bottom of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 0.00% | |
RMS 1-6 | Retail | Top of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 4.50% | |
RMS 7-9 | Retail | Bottom of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 4.51% | |
RMS 7-9 | Retail | Top of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 14.00% | |
RMS 10 | Retail | Bottom of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 14.01% | |
RMS 10 | Retail | Top of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 20.00% | |
RMS 11-13 | Retail | Bottom of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 20.01% | |
RMS 11-13 | Retail | Top of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 99.99% | |
RMS 14 | Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 100.00% | |
CMS 1-10 | Commercial | Bottom of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 0.00% | |
CMS 1-10 | Commercial | Top of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 0.50% | |
CMS 11-14 | Commercial | Bottom of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 0.51% | |
CMS 11-14 | Commercial | Top of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 3.00% | |
CMS 15-18 | Commercial | Bottom of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 3.01% | |
CMS 15-18 | Commercial | Top of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 20.00% | |
CMS 19 | Commercial | Bottom of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 20.01% | |
CMS 19 | Commercial | Top of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 99.99% | |
CMS 20-23 | Commercial | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 100.00% |
FINANCIAL RISK MANAGEMENT - S_2
FINANCIAL RISK MANAGEMENT - Schedule of Drawn and Undrawn Exposures and Expected Credit Losses (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
The Group | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | £ 7,474 | £ 5,950 | £ 4,852 |
Loans and advances to customers and reverse repurchase agreements | 477,541 | 480,141 | |
The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 7,474 | 5,954 | |
Loans and advances to customers and reverse repurchase agreements | 481,345 | 485,842 | |
The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 308,344 | 294,806 | |
The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 14,517 | 15,109 | |
The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 9,557 | 9,536 | |
The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 14,276 | 15,201 | |
The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 19,151 | 19,367 | |
The Group | Gross drawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 365,845 | 354,019 | |
The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 68,261 | 74,320 | |
The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 47,239 | 57,503 | |
The Group | Gross drawn exposures | Central adjustment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 4 | |
Loans and advances to customers and reverse repurchase agreements | 3,804 | 5,701 | |
The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 836 | 1,024 | |
The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 442 | 766 | |
The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 418 | 643 | |
The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 296 | 498 | |
The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 139 | 188 | |
The Group | Expected credit losses in respect of drawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2,131 | 3,119 | |
The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,257 | 2,161 | |
The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 416 | 421 | |
The Group | Expected credit losses in respect of drawn exposures | Central adjustment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 400 | 400 | |
The Group | Gross undrawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 127,684 | 133,598 | |
The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 17,151 | 19,550 | |
The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 59,680 | 59,998 | |
The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6,738 | 6,931 | |
The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,985 | 1,660 | |
The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,522 | 1,882 | |
The Group | Gross undrawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 87,076 | 90,021 | |
The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 39,818 | 42,777 | |
The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 790 | 800 | |
The Group | Expected credit losses in respect of undrawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 194 | 426 | |
The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 3 | |
The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 79 | 157 | |
The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 27 | 72 | |
The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 3 | |
The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 26 | 41 | |
The Group | Expected credit losses in respect of undrawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 135 | 276 | |
The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 58 | 149 | |
The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 1 | |
The Bank | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 7,287 | 5,656 | £ 4,453 |
Loans and advances to customers and reverse repurchase agreements | 163,428 | 178,269 | |
The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 7,287 | 5,660 | |
Loans and advances to customers and reverse repurchase agreements | 164,604 | 180,550 | |
The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 45,298 | 48,670 | |
The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3,714 | 3,561 | |
The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 5,145 | 5,093 | |
The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 338 | 512 | |
The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7,845 | 8,624 | |
The Bank | Gross drawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 62,340 | 66,460 | |
The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 54,645 | 58,143 | |
The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 47,619 | 55,947 | |
The Bank | Gross drawn exposures | Central adjustment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 4 | |
Loans and advances to customers and reverse repurchase agreements | 1,176 | 2,281 | |
The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 70 | 96 | |
The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 123 | 213 | |
The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 231 | 356 | |
The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 14 | 43 | |
The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 97 | 134 | |
The Bank | Expected credit losses in respect of drawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 535 | 842 | |
The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 477 | 1,233 | |
The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 164 | 206 | |
The Bank | Expected credit losses in respect of drawn exposures | Central adjustment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 160 | 200 | |
The Bank | Gross undrawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 57,990 | 62,766 | |
The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,002 | 1,720 | |
The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 16,259 | 16,264 | |
The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3,726 | 3,831 | |
The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 24 | |
The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 766 | 1,114 | |
The Bank | Gross undrawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 21,755 | 22,953 | |
The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 35,507 | 39,071 | |
The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 728 | 742 | |
The Bank | Expected credit losses in respect of undrawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 114 | 245 | |
The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 28 | 46 | |
The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 15 | 41 | |
The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 23 | 34 | |
The Bank | Expected credit losses in respect of undrawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 66 | 121 | |
The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 48 | 122 | |
The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 2 | |
Stage 1 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 7,474 | 5,954 | |
Loans and advances to customers and reverse repurchase agreements | 429,078 | 415,608 | |
Stage 1 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 273,629 | 251,418 | |
Stage 1 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 12,148 | 11,496 | |
Stage 1 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 8,181 | 7,710 | |
Stage 1 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 12,247 | 12,786 | |
Stage 1 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 16,414 | 17,879 | |
Stage 1 | The Group | Gross drawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 322,619 | 301,289 | |
Stage 1 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 59,316 | 56,897 | |
Stage 1 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 47,143 | 57,422 | |
Stage 1 | The Group | Gross drawn exposures | Central adjustment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 1 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 4 | |
Loans and advances to customers and reverse repurchase agreements | 909 | 1,347 | |
Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 48 | 104 | |
Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 96 | 155 | |
Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 126 | 201 | |
Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 106 | 194 | |
Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 26 | 30 | |
Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 402 | 684 | |
Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 102 | 254 | |
Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 405 | 409 | |
Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Central adjustment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 400 | 400 | |
Stage 1 | The Group | Gross undrawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 122,903 | 125,625 | |
Stage 1 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 16,971 | 19,348 | |
Stage 1 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 57,123 | 56,068 | |
Stage 1 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6,401 | 6,355 | |
Stage 1 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,985 | 1,657 | |
Stage 1 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,463 | 1,812 | |
Stage 1 | The Group | Gross undrawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 83,943 | 85,240 | |
Stage 1 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 38,170 | 39,585 | |
Stage 1 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 790 | 800 | |
Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 103 | 191 | |
Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 3 | |
Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 48 | 85 | |
Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 10 | 23 | |
Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 3 | |
Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 19 | 16 | |
Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 80 | 130 | |
Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 22 | 60 | |
Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 1 | |
Stage 1 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 7,287 | 5,660 | |
Loans and advances to customers and reverse repurchase agreements | 149,822 | 156,189 | |
Stage 1 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 40,415 | 41,425 | |
Stage 1 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3,048 | 2,540 | |
Stage 1 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 4,356 | 4,125 | |
Stage 1 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 292 | 388 | |
Stage 1 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 5,789 | 7,704 | |
Stage 1 | The Bank | Gross drawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 53,900 | 56,182 | |
Stage 1 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 48,319 | 44,078 | |
Stage 1 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 47,603 | 55,929 | |
Stage 1 | The Bank | Gross drawn exposures | Central adjustment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 4 | |
Loans and advances to customers and reverse repurchase agreements | 358 | 589 | |
Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3 | 8 | |
Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 24 | 32 | |
Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 68 | 111 | |
Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 7 | |
Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 15 | 19 | |
Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 111 | 177 | |
Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 86 | 210 | |
Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 161 | 202 | |
Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Central adjustment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 160 | 200 | |
Stage 1 | The Bank | Gross undrawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 55,709 | 58,627 | |
Stage 1 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,002 | 1,720 | |
Stage 1 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 15,566 | 14,971 | |
Stage 1 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3,613 | 3,584 | |
Stage 1 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 24 | |
Stage 1 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 710 | 1,054 | |
Stage 1 | The Bank | Gross undrawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 20,893 | 21,353 | |
Stage 1 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 34,088 | 36,532 | |
Stage 1 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 728 | 742 | |
Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 57 | 102 | |
Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 16 | 20 | |
Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6 | 13 | |
Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 17 | 14 | |
Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 39 | 47 | |
Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 18 | 53 | |
Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 2 | |
Stage 2 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
Loans and advances to customers and reverse repurchase agreements | 34,884 | 51,280 | |
Stage 2 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 21,798 | 29,018 | |
Stage 2 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2,077 | 3,273 | |
Stage 2 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,105 | 1,519 | |
Stage 2 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,828 | 2,216 | |
Stage 2 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,959 | 1,304 | |
Stage 2 | The Group | Gross drawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 28,767 | 37,330 | |
Stage 2 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6,083 | 13,938 | |
Stage 2 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 34 | 12 | |
Stage 2 | The Group | Gross drawn exposures | Central adjustment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 2 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
Loans and advances to customers and reverse repurchase agreements | 1,112 | 2,125 | |
Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 394 | 468 | |
Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 218 | 458 | |
Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 153 | 295 | |
Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 74 | 171 | |
Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 58 | 99 | |
Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 897 | 1,491 | |
Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 213 | 634 | |
Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 0 | |
Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Central adjustment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 2 | The Group | Gross undrawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 4,556 | 7,619 | |
Stage 2 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 95 | 118 | |
Stage 2 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2,502 | 3,874 | |
Stage 2 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 319 | 558 | |
Stage 2 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 3 | |
Stage 2 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 58 | 69 | |
Stage 2 | The Group | Gross undrawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2,974 | 4,622 | |
Stage 2 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,582 | 2,997 | |
Stage 2 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 86 | 221 | |
Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 31 | 72 | |
Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 17 | 49 | |
Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7 | 25 | |
Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 55 | 146 | |
Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 31 | 75 | |
Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 2 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
Loans and advances to customers and reverse repurchase agreements | 12,084 | 21,494 | |
Stage 2 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 4,397 | 6,677 | |
Stage 2 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 594 | 933 | |
Stage 2 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 637 | 795 | |
Stage 2 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 20 | 80 | |
Stage 2 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,382 | 797 | |
Stage 2 | The Bank | Gross drawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7,030 | 9,282 | |
Stage 2 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 5,047 | 12,200 | |
Stage 2 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7 | 12 | |
Stage 2 | The Bank | Gross drawn exposures | Central adjustment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
Loans and advances to customers and reverse repurchase agreements | 404 | 974 | |
Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 41 | 56 | |
Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 67 | 141 | |
Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 86 | 161 | |
Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 10 | |
Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 44 | 78 | |
Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 238 | 446 | |
Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 166 | 527 | |
Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Central adjustment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 2 | The Bank | Gross undrawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2,190 | 3,926 | |
Stage 2 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 2 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 678 | 1,280 | |
Stage 2 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 103 | 237 | |
Stage 2 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 2 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 55 | 59 | |
Stage 2 | The Bank | Gross undrawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 836 | 1,576 | |
Stage 2 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,354 | 2,350 | |
Stage 2 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 53 | 135 | |
Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 12 | 26 | |
Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 9 | 28 | |
Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6 | 20 | |
Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 27 | 74 | |
Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 26 | 61 | |
Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
Loans and advances to customers and reverse repurchase agreements | 6,406 | 6,443 | |
Stage 3 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,940 | 1,859 | |
Stage 3 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 292 | 340 | |
Stage 3 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 271 | 307 | |
Stage 3 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 201 | 199 | |
Stage 3 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 778 | 184 | |
Stage 3 | The Group | Gross drawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3,482 | 2,889 | |
Stage 3 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2,862 | 3,485 | |
Stage 3 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 62 | 69 | |
Stage 3 | The Group | Gross drawn exposures | Central adjustment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
Loans and advances to customers and reverse repurchase agreements | 1,573 | 1,968 | |
Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 184 | 191 | |
Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 128 | 153 | |
Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 139 | 147 | |
Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 116 | 133 | |
Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 55 | 59 | |
Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 622 | 683 | |
Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 942 | 1,273 | |
Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 9 | 12 | |
Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Central adjustment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Group | Gross undrawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 153 | 280 | |
Stage 3 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 13 | 10 | |
Stage 3 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 55 | 56 | |
Stage 3 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 18 | 18 | |
Stage 3 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 1 | |
Stage 3 | The Group | Gross undrawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 87 | 85 | |
Stage 3 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 66 | 195 | |
Stage 3 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 5 | 14 | |
Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 5 | 14 | |
Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
Loans and advances to customers and reverse repurchase agreements | 2,698 | 2,867 | |
Stage 3 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 486 | 568 | |
Stage 3 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 72 | 88 | |
Stage 3 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 152 | 173 | |
Stage 3 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 26 | 44 | |
Stage 3 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 674 | 123 | |
Stage 3 | The Bank | Gross drawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,410 | 996 | |
Stage 3 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,279 | 1,865 | |
Stage 3 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 9 | 6 | |
Stage 3 | The Bank | Gross drawn exposures | Central adjustment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
Loans and advances to customers and reverse repurchase agreements | 414 | 718 | |
Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 26 | 32 | |
Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 32 | 40 | |
Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 77 | 84 | |
Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 13 | 26 | |
Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 38 | 37 | |
Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 186 | 219 | |
Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 225 | 496 | |
Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3 | 3 | |
Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Central adjustment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Bank | Gross undrawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 91 | 213 | |
Stage 3 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 15 | 13 | |
Stage 3 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 10 | 10 | |
Stage 3 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 1 | |
Stage 3 | The Bank | Gross undrawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 26 | 24 | |
Stage 3 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 65 | 189 | |
Stage 3 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 4 | 8 | |
Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 4 | 8 | |
Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
Loans and advances to customers and reverse repurchase agreements | 10,977 | 12,511 | |
POCI | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 10,977 | 12,511 | |
POCI | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Gross drawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 10,977 | 12,511 | |
POCI | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Gross drawn exposures | Central adjustment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
Loans and advances to customers and reverse repurchase agreements | 210 | 261 | |
POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 210 | 261 | |
POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Expected credit losses in respect of drawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 210 | 261 | |
POCI | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Expected credit losses in respect of drawn exposures | Central adjustment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Gross undrawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 72 | 74 | |
POCI | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 72 | 74 | |
POCI | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Gross undrawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 72 | 74 | |
POCI | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Expected credit losses in respect of undrawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Expected credit losses in respect of undrawn exposures | Total Retail | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
POCI | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 7,472 | 5,951 | |
CMS 1-10 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 28,786 | 22,395 | |
CMS 1-10 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 46,243 | 56,362 | |
CMS 1-10 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 4 | |
CMS 1-10 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 19 | 25 | |
CMS 1-10 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 31,789 | 29,039 | |
CMS 1-10 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 501 | 501 | |
CMS 1-10 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7 | 13 | |
CMS 1-10 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 0 | |
CMS 1-10 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 7,285 | 5,660 | |
CMS 1-10 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 25,064 | 18,082 | |
CMS 1-10 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 47,356 | 55,595 | |
CMS 1-10 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 4 | |
CMS 1-10 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 17 | 20 | |
CMS 1-10 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 29,043 | 27,598 | |
CMS 1-10 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 501 | 500 | |
CMS 1-10 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6 | 14 | |
CMS 1-10 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 1 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 7,472 | 5,951 | |
CMS 1-10 | Stage 1 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 28,600 | 22,218 | |
CMS 1-10 | Stage 1 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 46,243 | 56,362 | |
CMS 1-10 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 4 | |
CMS 1-10 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 18 | 23 | |
CMS 1-10 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 1 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 31,757 | 29,039 | |
CMS 1-10 | Stage 1 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 501 | 501 | |
CMS 1-10 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7 | 13 | |
CMS 1-10 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 0 | |
CMS 1-10 | Stage 1 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 7,285 | 5,660 | |
CMS 1-10 | Stage 1 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 24,880 | 17,907 | |
CMS 1-10 | Stage 1 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 47,356 | 55,595 | |
CMS 1-10 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 4 | |
CMS 1-10 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 16 | 20 | |
CMS 1-10 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 1 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 29,012 | 27,598 | |
CMS 1-10 | Stage 1 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 501 | 500 | |
CMS 1-10 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6 | 14 | |
CMS 1-10 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 2 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 2 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 186 | 177 | |
CMS 1-10 | Stage 2 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 2 | |
CMS 1-10 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 2 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 32 | 0 | |
CMS 1-10 | Stage 2 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 2 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 2 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 184 | 175 | |
CMS 1-10 | Stage 2 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 0 | |
CMS 1-10 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 2 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 31 | 0 | |
CMS 1-10 | Stage 2 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | POCI | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | POCI | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | POCI | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | POCI | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | POCI | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | POCI | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | POCI | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | POCI | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 1-10 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 2 | 3 | |
CMS 11-14 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 33,265 | 36,685 | |
CMS 11-14 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 236 | |
CMS 11-14 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 150 | 241 | |
CMS 11-14 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7,428 | 11,226 | |
CMS 11-14 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 32 | 47 | |
CMS 11-14 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 2 | 0 | |
CMS 11-14 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 25,754 | 28,377 | |
CMS 11-14 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 104 | |
CMS 11-14 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 130 | 208 | |
CMS 11-14 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6,064 | 9,344 | |
CMS 11-14 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 27 | 39 | |
CMS 11-14 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 1 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 2 | 3 | |
CMS 11-14 | Stage 1 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 29,950 | 30,023 | |
CMS 11-14 | Stage 1 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 236 | |
CMS 11-14 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 75 | 135 | |
CMS 11-14 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 1 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6,225 | 9,612 | |
CMS 11-14 | Stage 1 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 14 | 31 | |
CMS 11-14 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 1 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 2 | 0 | |
CMS 11-14 | Stage 1 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 22,861 | 22,449 | |
CMS 11-14 | Stage 1 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 104 | |
CMS 11-14 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 63 | 114 | |
CMS 11-14 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 1 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 5,014 | 8,105 | |
CMS 11-14 | Stage 1 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 12 | 26 | |
CMS 11-14 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 2 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 2 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3,315 | 6,662 | |
CMS 11-14 | Stage 2 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 75 | 106 | |
CMS 11-14 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 2 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,203 | 1,614 | |
CMS 11-14 | Stage 2 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 18 | 16 | |
CMS 11-14 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 2 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 2 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2,893 | 5,928 | |
CMS 11-14 | Stage 2 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 67 | 94 | |
CMS 11-14 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 2 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,050 | 1,239 | |
CMS 11-14 | Stage 2 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 15 | 13 | |
CMS 11-14 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | POCI | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | POCI | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | POCI | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | POCI | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | POCI | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | POCI | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | POCI | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | POCI | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 11-14 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3,093 | 11,086 | |
CMS 15-18 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 128 | 493 | |
CMS 15-18 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 508 | 2,225 | |
CMS 15-18 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 13 | 63 | |
CMS 15-18 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2,370 | 9,270 | |
CMS 15-18 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 92 | 408 | |
CMS 15-18 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 312 | 1,886 | |
CMS 15-18 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 10 | 54 | |
CMS 15-18 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 1 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 1 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 766 | 4,656 | |
CMS 15-18 | Stage 1 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 9 | 96 | |
CMS 15-18 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 1 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 188 | 934 | |
CMS 15-18 | Stage 1 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 16 | |
CMS 15-18 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 1 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 1 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 578 | 3,722 | |
CMS 15-18 | Stage 1 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7 | 76 | |
CMS 15-18 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 1 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 62 | 829 | |
CMS 15-18 | Stage 1 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 13 | |
CMS 15-18 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 2 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 2 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2,327 | 6,430 | |
CMS 15-18 | Stage 2 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 119 | 397 | |
CMS 15-18 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 2 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 320 | 1,291 | |
CMS 15-18 | Stage 2 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 12 | 47 | |
CMS 15-18 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 2 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 2 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,792 | 5,548 | |
CMS 15-18 | Stage 2 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 85 | 332 | |
CMS 15-18 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 2 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 250 | 1,057 | |
CMS 15-18 | Stage 2 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 10 | 41 | |
CMS 15-18 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | POCI | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | POCI | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | POCI | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | POCI | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | POCI | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | POCI | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | POCI | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | POCI | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 15-18 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 19 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 255 | 669 | |
CMS 19 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 2 | |
CMS 19 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 19 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 18 | 129 | |
CMS 19 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 27 | 92 | |
CMS 19 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 12 | |
CMS 19 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 19 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 178 | 549 | |
CMS 19 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 19 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 13 | 101 | |
CMS 19 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 23 | 54 | |
CMS 19 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 7 | |
CMS 19 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 2 | |
CMS 19 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 2 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 2 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 255 | 669 | |
CMS 19 | Stage 2 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 18 | 129 | |
CMS 19 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 2 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 27 | 92 | |
CMS 19 | Stage 2 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 12 | |
CMS 19 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 2 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 2 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 178 | 549 | |
CMS 19 | Stage 2 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 13 | 101 | |
CMS 19 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 2 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 23 | 54 | |
CMS 19 | Stage 2 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 7 | |
CMS 19 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | POCI | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 19 | POCI | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | POCI | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | POCI | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 19 | POCI | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | POCI | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | POCI | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | POCI | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 19 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2,862 | 3,485 | |
CMS 20-23 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 10 | |
CMS 20-23 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 942 | 1,273 | |
CMS 20-23 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 66 | 195 | |
CMS 20-23 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 5 | 14 | |
CMS 20-23 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,279 | 1,865 | |
CMS 20-23 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 225 | 496 | |
CMS 20-23 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 65 | 189 | |
CMS 20-23 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 4 | 8 | |
CMS 20-23 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 3 | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 3 | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2,862 | 3,485 | |
CMS 20-23 | Stage 3 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 10 | |
CMS 20-23 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 942 | 1,273 | |
CMS 20-23 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 3 | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 66 | 195 | |
CMS 20-23 | Stage 3 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 5 | 14 | |
CMS 20-23 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 3 | The Bank | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 3 | The Bank | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,279 | 1,865 | |
CMS 20-23 | Stage 3 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 225 | 496 | |
CMS 20-23 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 3 | The Bank | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 65 | 189 | |
CMS 20-23 | Stage 3 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 4 | 8 | |
CMS 20-23 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | POCI | The Group | Gross drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | POCI | The Group | Gross drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | POCI | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | POCI | The Group | Expected credit losses in respect of drawn exposures | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to banks and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | POCI | The Group | Expected credit losses in respect of drawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | POCI | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | POCI | The Group | Gross undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | POCI | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Commercial Banking | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS 20-23 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 291,693 | 272,382 | |
RMS 1-6 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 12,359 | 10,903 | |
RMS 1-6 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7,721 | 5,850 | |
RMS 1-6 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 12,971 | 13,431 | |
RMS 1-6 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 15,733 | 15,434 | |
RMS 1-6 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 932 | 834 | |
RMS 1-6 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 298 | 350 | |
RMS 1-6 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 110 | 132 | |
RMS 1-6 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 107 | 95 | |
RMS 1-6 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 126 | 233 | |
RMS 1-6 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 31 | 38 | |
RMS 1-6 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7 | 9 | |
RMS 1-6 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 17,063 | 19,456 | |
RMS 1-6 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 58,907 | 57,738 | |
RMS 1-6 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6,534 | 6,385 | |
RMS 1-6 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,457 | 1,275 | |
RMS 1-6 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,438 | 1,695 | |
RMS 1-6 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 289 | 299 | |
RMS 1-6 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 3 | |
RMS 1-6 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 69 | 113 | |
RMS 1-6 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 13 | 21 | |
RMS 1-6 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 2 | |
RMS 1-6 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6 | 12 | |
RMS 1-6 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS 1-6 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 44,162 | 45,575 | |
RMS 1-6 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3,079 | 2,611 | |
RMS 1-6 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 4,122 | 3,092 | |
RMS 1-6 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 301 | 422 | |
RMS 1-6 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 4,952 | 5,361 | |
RMS 1-6 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 253 | 242 | |
RMS 1-6 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 30 | 32 | |
RMS 1-6 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 29 | 35 | |
RMS 1-6 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 59 | 52 | |
RMS 1-6 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 9 | |
RMS 1-6 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 14 | 20 | |
RMS 1-6 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 3 | |
RMS 1-6 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,002 | 1,720 | |
RMS 1-6 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 15,876 | 15,895 | |
RMS 1-6 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3,615 | 3,513 | |
RMS 1-6 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 24 | |
RMS 1-6 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 689 | 941 | |
RMS 1-6 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 227 | 242 | |
RMS 1-6 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 26 | 36 | |
RMS 1-6 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 8 | 12 | |
RMS 1-6 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 13 | 8 | |
RMS 1-6 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 2 | |
RMS 1-6 | Stage 1 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 273,620 | 251,372 | |
RMS 1-6 | Stage 1 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 11,252 | 9,619 | |
RMS 1-6 | Stage 1 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7,220 | 5,559 | |
RMS 1-6 | Stage 1 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 11,662 | 12,035 | |
RMS 1-6 | Stage 1 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 14,979 | 14,952 | |
RMS 1-6 | Stage 1 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 898 | 822 | |
RMS 1-6 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 48 | 103 | |
RMS 1-6 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 67 | 75 | |
RMS 1-6 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 84 | 80 | |
RMS 1-6 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 101 | 187 | |
RMS 1-6 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 21 | 19 | |
RMS 1-6 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 5 | 9 | |
RMS 1-6 | Stage 1 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 16,971 | 19,347 | |
RMS 1-6 | Stage 1 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 56,666 | 54,694 | |
RMS 1-6 | Stage 1 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6,303 | 6,070 | |
RMS 1-6 | Stage 1 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,457 | 1,275 | |
RMS 1-6 | Stage 1 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,413 | 1,672 | |
RMS 1-6 | Stage 1 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 289 | 299 | |
RMS 1-6 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 3 | |
RMS 1-6 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 45 | 67 | |
RMS 1-6 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 9 | 14 | |
RMS 1-6 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 2 | |
RMS 1-6 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 14 | 7 | |
RMS 1-6 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS 1-6 | Stage 1 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 40,415 | 41,423 | |
RMS 1-6 | Stage 1 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2,779 | 2,248 | |
RMS 1-6 | Stage 1 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3,816 | 2,930 | |
RMS 1-6 | Stage 1 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 290 | 382 | |
RMS 1-6 | Stage 1 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 4,577 | 5,173 | |
RMS 1-6 | Stage 1 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 246 | 230 | |
RMS 1-6 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3 | 8 | |
RMS 1-6 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 16 | 18 | |
RMS 1-6 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 45 | 44 | |
RMS 1-6 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 7 | |
RMS 1-6 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 11 | 9 | |
RMS 1-6 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 2 | |
RMS 1-6 | Stage 1 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,002 | 1,720 | |
RMS 1-6 | Stage 1 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 15,280 | 14,814 | |
RMS 1-6 | Stage 1 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3,556 | 3,414 | |
RMS 1-6 | Stage 1 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 24 | |
RMS 1-6 | Stage 1 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 666 | 923 | |
RMS 1-6 | Stage 1 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 227 | 242 | |
RMS 1-6 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 15 | 17 | |
RMS 1-6 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 5 | 8 | |
RMS 1-6 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 13 | 6 | |
RMS 1-6 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 2 | |
RMS 1-6 | Stage 2 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 18,073 | 21,010 | |
RMS 1-6 | Stage 2 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,107 | 1,284 | |
RMS 1-6 | Stage 2 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 501 | 291 | |
RMS 1-6 | Stage 2 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,309 | 1,396 | |
RMS 1-6 | Stage 2 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 754 | 482 | |
RMS 1-6 | Stage 2 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 34 | 12 | |
RMS 1-6 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 250 | 247 | |
RMS 1-6 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 43 | 57 | |
RMS 1-6 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 23 | 15 | |
RMS 1-6 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 25 | 46 | |
RMS 1-6 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 10 | 19 | |
RMS 1-6 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 0 | |
RMS 1-6 | Stage 2 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 92 | 109 | |
RMS 1-6 | Stage 2 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2,241 | 3,044 | |
RMS 1-6 | Stage 2 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 231 | 315 | |
RMS 1-6 | Stage 2 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 2 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 25 | 23 | |
RMS 1-6 | Stage 2 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 24 | 46 | |
RMS 1-6 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 4 | 7 | |
RMS 1-6 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 5 | |
RMS 1-6 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 2 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3,747 | 4,152 | |
RMS 1-6 | Stage 2 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 300 | 363 | |
RMS 1-6 | Stage 2 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 306 | 162 | |
RMS 1-6 | Stage 2 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 11 | 40 | |
RMS 1-6 | Stage 2 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 375 | 188 | |
RMS 1-6 | Stage 2 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7 | 12 | |
RMS 1-6 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 27 | 24 | |
RMS 1-6 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 13 | 17 | |
RMS 1-6 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 14 | 8 | |
RMS 1-6 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 2 | |
RMS 1-6 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3 | 11 | |
RMS 1-6 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS 1-6 | Stage 2 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 2 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 596 | 1,081 | |
RMS 1-6 | Stage 2 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 59 | 99 | |
RMS 1-6 | Stage 2 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 2 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 23 | 18 | |
RMS 1-6 | Stage 2 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 11 | 19 | |
RMS 1-6 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3 | 4 | |
RMS 1-6 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 2 | |
RMS 1-6 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 1-6 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2,267 | 4,076 | |
RMS 7-9 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,519 | 2,740 | |
RMS 7-9 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,224 | 2,570 | |
RMS 7-9 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 881 | 1,194 | |
RMS 7-9 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,851 | 2,752 | |
RMS 7-9 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 64 | 67 | |
RMS 7-9 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 100 | 204 | |
RMS 7-9 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 72 | 165 | |
RMS 7-9 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 20 | 40 | |
RMS 7-9 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 32 | 50 | |
RMS 7-9 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3 | 7 | |
RMS 7-9 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 629 | 1,235 | |
RMS 7-9 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 145 | 408 | |
RMS 7-9 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 527 | 384 | |
RMS 7-9 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 77 | 176 | |
RMS 7-9 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6 | 19 | |
RMS 7-9 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6 | 22 | |
RMS 7-9 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS 7-9 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 10 | 22 | |
RMS 7-9 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 384 | 1,444 | |
RMS 7-9 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 473 | 632 | |
RMS 7-9 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 686 | 1,374 | |
RMS 7-9 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6 | 24 | |
RMS 7-9 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,604 | 2,400 | |
RMS 7-9 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7 | 11 | |
RMS 7-9 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 33 | 59 | |
RMS 7-9 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 40 | 86 | |
RMS 7-9 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS 7-9 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 26 | 42 | |
RMS 7-9 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 347 | 308 | |
RMS 7-9 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 79 | 234 | |
RMS 7-9 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 70 | 162 | |
RMS 7-9 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 7 | |
RMS 7-9 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3 | 12 | |
RMS 7-9 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 8 | 20 | |
RMS 7-9 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 1 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 9 | 46 | |
RMS 7-9 | Stage 1 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 896 | 1,603 | |
RMS 7-9 | Stage 1 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 938 | 1,990 | |
RMS 7-9 | Stage 1 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 583 | 738 | |
RMS 7-9 | Stage 1 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,258 | 2,418 | |
RMS 7-9 | Stage 1 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS 7-9 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 29 | 66 | |
RMS 7-9 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 39 | 99 | |
RMS 7-9 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 5 | 7 | |
RMS 7-9 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 5 | 11 | |
RMS 7-9 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 1 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS 7-9 | Stage 1 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 457 | 772 | |
RMS 7-9 | Stage 1 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 97 | 269 | |
RMS 7-9 | Stage 1 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 527 | 381 | |
RMS 7-9 | Stage 1 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 50 | 140 | |
RMS 7-9 | Stage 1 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3 | 11 | |
RMS 7-9 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 8 | |
RMS 7-9 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS 7-9 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 5 | 9 | |
RMS 7-9 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 1 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 2 | |
RMS 7-9 | Stage 1 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 269 | 290 | |
RMS 7-9 | Stage 1 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 528 | 1,109 | |
RMS 7-9 | Stage 1 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 6 | |
RMS 7-9 | Stage 1 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,141 | 2,186 | |
RMS 7-9 | Stage 1 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 8 | 14 | |
RMS 7-9 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 22 | 56 | |
RMS 7-9 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 4 | 10 | |
RMS 7-9 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 1 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 1 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 286 | 154 | |
RMS 7-9 | Stage 1 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 56 | 160 | |
RMS 7-9 | Stage 1 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 1 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 44 | 131 | |
RMS 7-9 | Stage 1 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 3 | |
RMS 7-9 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 4 | |
RMS 7-9 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 4 | 8 | |
RMS 7-9 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 2 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2,258 | 4,030 | |
RMS 7-9 | Stage 2 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 623 | 1,137 | |
RMS 7-9 | Stage 2 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 286 | 580 | |
RMS 7-9 | Stage 2 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 298 | 456 | |
RMS 7-9 | Stage 2 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 593 | 334 | |
RMS 7-9 | Stage 2 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 64 | 66 | |
RMS 7-9 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 71 | 138 | |
RMS 7-9 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 33 | 66 | |
RMS 7-9 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 15 | 33 | |
RMS 7-9 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 27 | 39 | |
RMS 7-9 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 2 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3 | 6 | |
RMS 7-9 | Stage 2 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 172 | 463 | |
RMS 7-9 | Stage 2 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 48 | 139 | |
RMS 7-9 | Stage 2 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 3 | |
RMS 7-9 | Stage 2 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 27 | 36 | |
RMS 7-9 | Stage 2 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3 | 8 | |
RMS 7-9 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 5 | 14 | |
RMS 7-9 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 5 | 13 | |
RMS 7-9 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 2 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 384 | 1,442 | |
RMS 7-9 | Stage 2 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 204 | 342 | |
RMS 7-9 | Stage 2 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 158 | 265 | |
RMS 7-9 | Stage 2 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 4 | 18 | |
RMS 7-9 | Stage 2 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 463 | 214 | |
RMS 7-9 | Stage 2 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7 | 11 | |
RMS 7-9 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 25 | 45 | |
RMS 7-9 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 18 | 30 | |
RMS 7-9 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS 7-9 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 22 | 32 | |
RMS 7-9 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 2 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 2 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 61 | 154 | |
RMS 7-9 | Stage 2 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 23 | 74 | |
RMS 7-9 | Stage 2 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 2 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 26 | 31 | |
RMS 7-9 | Stage 2 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 4 | |
RMS 7-9 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 8 | |
RMS 7-9 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 4 | 12 | |
RMS 7-9 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 7-9 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 355 | 907 | |
RMS 10 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 112 | 617 | |
RMS 10 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 92 | 297 | |
RMS 10 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 69 | 171 | |
RMS 10 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 21 | |
RMS 10 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 15 | 25 | |
RMS 10 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 22 | 84 | |
RMS 10 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 16 | 49 | |
RMS 10 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7 | 30 | |
RMS 10 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS 10 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 2 | |
RMS 10 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 31 | 884 | |
RMS 10 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 12 | 48 | |
RMS 10 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 18 | |
RMS 10 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 8 | |
RMS 10 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 65 | 137 | |
RMS 10 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 33 | 96 | |
RMS 10 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 51 | 166 | |
RMS 10 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 9 | |
RMS 10 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 3 | |
RMS 10 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7 | 22 | |
RMS 10 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 9 | 28 | |
RMS 10 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 2 | |
RMS 10 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 9 | 24 | |
RMS 10 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7 | 30 | |
RMS 10 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS 10 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 5 | |
RMS 10 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 274 | |
RMS 10 | Stage 1 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 18 | 116 | |
RMS 10 | Stage 1 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 14 | |
RMS 10 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 13 | |
RMS 10 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 602 | |
RMS 10 | Stage 1 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 13 | |
RMS 10 | Stage 1 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 7 | |
RMS 10 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS 10 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 2 | |
RMS 10 | Stage 1 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 10 | 64 | |
RMS 10 | Stage 1 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 7 | |
RMS 10 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 3 | |
RMS 10 | Stage 1 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 8 | |
RMS 10 | Stage 1 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS 10 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 355 | 907 | |
RMS 10 | Stage 2 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 112 | 343 | |
RMS 10 | Stage 2 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 74 | 181 | |
RMS 10 | Stage 2 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 69 | 171 | |
RMS 10 | Stage 2 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 21 | |
RMS 10 | Stage 2 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 15 | 25 | |
RMS 10 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 22 | 70 | |
RMS 10 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 14 | 36 | |
RMS 10 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7 | 30 | |
RMS 10 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS 10 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 2 | |
RMS 10 | Stage 2 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 31 | 282 | |
RMS 10 | Stage 2 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 11 | 35 | |
RMS 10 | Stage 2 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 11 | |
RMS 10 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 7 | |
RMS 10 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 65 | 137 | |
RMS 10 | Stage 2 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 33 | 94 | |
RMS 10 | Stage 2 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 41 | 102 | |
RMS 10 | Stage 2 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 9 | |
RMS 10 | Stage 2 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 3 | |
RMS 10 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7 | 22 | |
RMS 10 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 8 | 21 | |
RMS 10 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 2 | |
RMS 10 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 9 | 21 | |
RMS 10 | Stage 2 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6 | 22 | |
RMS 10 | Stage 2 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS 10 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 4 | |
RMS 10 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 10 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,112 | 3,071 | |
RMS 11-13 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 235 | 509 | |
RMS 11-13 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 249 | 512 | |
RMS 11-13 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 154 | 206 | |
RMS 11-13 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 787 | 976 | |
RMS 11-13 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 65 | 130 | |
RMS 11-13 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 82 | 193 | |
RMS 11-13 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 84 | 187 | |
RMS 11-13 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 27 | 62 | |
RMS 11-13 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 21 | 40 | |
RMS 11-13 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS 11-13 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 58 | 85 | |
RMS 11-13 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 29 | 72 | |
RMS 11-13 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 1 | |
RMS 11-13 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6 | 10 | |
RMS 11-13 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3 | 7 | |
RMS 11-13 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6 | 21 | |
RMS 11-13 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 7 | |
RMS 11-13 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 201 | 946 | |
RMS 11-13 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 57 | 134 | |
RMS 11-13 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 134 | 288 | |
RMS 11-13 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 4 | 13 | |
RMS 11-13 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 615 | 740 | |
RMS 11-13 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6 | 18 | |
RMS 11-13 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 22 | 57 | |
RMS 11-13 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 46 | 106 | |
RMS 11-13 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 5 | |
RMS 11-13 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 19 | 35 | |
RMS 11-13 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 12 | 24 | |
RMS 11-13 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 15 | 44 | |
RMS 11-13 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6 | 10 | |
RMS 11-13 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 2 | |
RMS 11-13 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3 | 12 | |
RMS 11-13 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 6 | |
RMS 11-13 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 5 | 45 | |
RMS 11-13 | Stage 1 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 13 | |
RMS 11-13 | Stage 1 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 177 | 509 | |
RMS 11-13 | Stage 1 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 9 | |
RMS 11-13 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 3 | |
RMS 11-13 | Stage 1 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 1 | |
RMS 11-13 | Stage 1 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 22 | |
RMS 11-13 | Stage 1 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 71 | 345 | |
RMS 11-13 | Stage 1 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 4 | |
RMS 11-13 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 2 | |
RMS 11-13 | Stage 1 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 2 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,112 | 3,071 | |
RMS 11-13 | Stage 2 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 235 | 509 | |
RMS 11-13 | Stage 2 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 244 | 467 | |
RMS 11-13 | Stage 2 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 152 | 193 | |
RMS 11-13 | Stage 2 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 610 | 467 | |
RMS 11-13 | Stage 2 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 65 | 130 | |
RMS 11-13 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 82 | 193 | |
RMS 11-13 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 83 | 178 | |
RMS 11-13 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 27 | 62 | |
RMS 11-13 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 21 | 40 | |
RMS 11-13 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 2 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS 11-13 | Stage 2 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 58 | 85 | |
RMS 11-13 | Stage 2 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 29 | 69 | |
RMS 11-13 | Stage 2 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 2 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6 | 10 | |
RMS 11-13 | Stage 2 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3 | 7 | |
RMS 11-13 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6 | 21 | |
RMS 11-13 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 7 | |
RMS 11-13 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 2 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 201 | 946 | |
RMS 11-13 | Stage 2 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 57 | 134 | |
RMS 11-13 | Stage 2 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 132 | 266 | |
RMS 11-13 | Stage 2 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 4 | 13 | |
RMS 11-13 | Stage 2 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 544 | 395 | |
RMS 11-13 | Stage 2 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6 | 18 | |
RMS 11-13 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 22 | 57 | |
RMS 11-13 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 46 | 102 | |
RMS 11-13 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 5 | |
RMS 11-13 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 19 | 35 | |
RMS 11-13 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 2 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 2 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 12 | 24 | |
RMS 11-13 | Stage 2 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 15 | 42 | |
RMS 11-13 | Stage 2 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 2 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 6 | 10 | |
RMS 11-13 | Stage 2 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 2 | |
RMS 11-13 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3 | 12 | |
RMS 11-13 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 6 | |
RMS 11-13 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 11-13 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 12,917 | 14,370 | |
RMS 14 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 292 | 340 | |
RMS 14 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 271 | 307 | |
RMS 14 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 201 | 199 | |
RMS 14 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 778 | 184 | |
RMS 14 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 62 | 59 | |
RMS 14 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 394 | 452 | |
RMS 14 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 128 | 153 | |
RMS 14 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 139 | 147 | |
RMS 14 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 116 | 133 | |
RMS 14 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 55 | 59 | |
RMS 14 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 9 | 12 | |
RMS 14 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 85 | 84 | |
RMS 14 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 55 | 56 | |
RMS 14 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 18 | 18 | |
RMS 14 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 1 | |
RMS 14 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 486 | 568 | |
RMS 14 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 72 | 88 | |
RMS 14 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 152 | 173 | |
RMS 14 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 26 | 44 | |
RMS 14 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 674 | 123 | |
RMS 14 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 9 | 6 | |
RMS 14 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 26 | 32 | |
RMS 14 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 32 | 40 | |
RMS 14 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 77 | 84 | |
RMS 14 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 13 | 26 | |
RMS 14 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 38 | 37 | |
RMS 14 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3 | 3 | |
RMS 14 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 15 | 13 | |
RMS 14 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 10 | 10 | |
RMS 14 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 1 | |
RMS 14 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 3 | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1,940 | 1,859 | |
RMS 14 | Stage 3 | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 292 | 340 | |
RMS 14 | Stage 3 | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 271 | 307 | |
RMS 14 | Stage 3 | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 201 | 199 | |
RMS 14 | Stage 3 | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 778 | 184 | |
RMS 14 | Stage 3 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 62 | 59 | |
RMS 14 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 184 | 191 | |
RMS 14 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 128 | 153 | |
RMS 14 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 139 | 147 | |
RMS 14 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 116 | 133 | |
RMS 14 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 55 | 59 | |
RMS 14 | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 9 | 12 | |
RMS 14 | Stage 3 | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 13 | 10 | |
RMS 14 | Stage 3 | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 55 | 56 | |
RMS 14 | Stage 3 | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 18 | 18 | |
RMS 14 | Stage 3 | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 3 | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 1 | |
RMS 14 | Stage 3 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 3 | The Bank | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 486 | 568 | |
RMS 14 | Stage 3 | The Bank | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 72 | 88 | |
RMS 14 | Stage 3 | The Bank | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 152 | 173 | |
RMS 14 | Stage 3 | The Bank | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 26 | 44 | |
RMS 14 | Stage 3 | The Bank | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 674 | 123 | |
RMS 14 | Stage 3 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 9 | 6 | |
RMS 14 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 26 | 32 | |
RMS 14 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 32 | 40 | |
RMS 14 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 77 | 84 | |
RMS 14 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 13 | 26 | |
RMS 14 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 38 | 37 | |
RMS 14 | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3 | 3 | |
RMS 14 | Stage 3 | The Bank | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 3 | The Bank | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 15 | 13 | |
RMS 14 | Stage 3 | The Bank | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 10 | 10 | |
RMS 14 | Stage 3 | The Bank | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 3 | The Bank | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 1 | |
RMS 14 | Stage 3 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Gross drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 10,977 | 12,511 | |
RMS 14 | POCI | The Group | Gross drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Gross drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Gross drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Gross drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 210 | 261 | |
RMS 14 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Expected credit losses in respect of drawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Gross undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 72 | 74 | |
RMS 14 | POCI | The Group | Gross undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Gross undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Gross undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Gross undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK mortgages | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - credit cards | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - loans and overdrafts | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - UK Motor Finance | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Retail - other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS 14 | POCI | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 994 | 893 | |
RMS | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 16 | 21 | |
RMS | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 289 | 299 | |
RMS | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 262 | 248 | |
RMS | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 4 | 6 | |
RMS | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 227 | 242 | |
RMS | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 2 | |
RMS | Stage 1 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 898 | 822 | |
RMS | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 5 | 9 | |
RMS | Stage 1 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 289 | 299 | |
RMS | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS | Stage 1 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 246 | 230 | |
RMS | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 2 | |
RMS | Stage 1 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 227 | 242 | |
RMS | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 2 | |
RMS | Stage 2 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 34 | 12 | |
RMS | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 2 | 0 | |
RMS | Stage 2 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS | Stage 2 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 7 | 12 | |
RMS | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 1 | |
RMS | Stage 2 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS | Stage 3 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 62 | 59 | |
RMS | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 9 | 12 | |
RMS | Stage 3 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS | Stage 3 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 9 | 6 | |
RMS | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 3 | 3 | |
RMS | Stage 3 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS | POCI | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS | POCI | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS | POCI | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
RMS | POCI | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 46,245 | 56,610 | |
CMS | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 501 | 501 | |
CMS | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 0 | |
CMS | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 47,357 | 55,699 | |
CMS | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 501 | 500 | |
CMS | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | Stage 1 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 46,245 | 56,600 | |
CMS | Stage 1 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | Stage 1 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 501 | 501 | |
CMS | Stage 1 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 1 | 0 | |
CMS | Stage 1 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 47,357 | 55,699 | |
CMS | Stage 1 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | Stage 1 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 501 | 500 | |
CMS | Stage 1 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | Stage 2 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | Stage 2 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | Stage 2 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | Stage 2 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | Stage 2 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | Stage 2 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | Stage 2 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | Stage 2 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | Stage 3 | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 10 | |
CMS | Stage 3 | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | Stage 3 | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | Stage 3 | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | Stage 3 | The Bank | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | Stage 3 | The Bank | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | Stage 3 | The Bank | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | Stage 3 | The Bank | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | POCI | The Group | Gross drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | POCI | The Group | Expected credit losses in respect of drawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | POCI | The Group | Gross undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | 0 | 0 | |
CMS | POCI | The Group | Expected credit losses in respect of undrawn exposures | Other | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | |||
Loans and advances to customers and reverse repurchase agreements | £ 0 | £ 0 |
FINANCIAL RISK MANAGEMENT - Cas
FINANCIAL RISK MANAGEMENT - Cash and Balances at Central Banks (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
The Group | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Debt Securities Classified as Loans and Receivables [Line Items] | |||
Cash and balances at central banks | £ 54,279 | £ 49,888 | £ 38,880 |
FINANCIAL RISK MANAGEMENT - S_3
FINANCIAL RISK MANAGEMENT - Schedule of Debt Securities Held at Amortised Cost (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
Asset-backed securities: | ||
Net carrying amount | £ 4,562 | £ 5,137 |
The Group | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 3,065 | 3,659 |
Corporate and other debt securities | 1,499 | 1,479 |
The Group | Investment grade | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 3,047 | 3,639 |
Corporate and other debt securities | 1,498 | 1,463 |
The Group | Other | Sub-investment grade | ||
Asset-backed securities: | ||
Net carrying amount | 18 | 8 |
The Group | Other | Not rated | ||
Asset-backed securities: | ||
Net carrying amount | 1 | 28 |
The Group | Other | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 18 | 20 |
Corporate and other debt securities | 1 | 16 |
The Bank | ||
Asset-backed securities: | ||
Net carrying amount | 3,756 | 4,315 |
The Bank | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 2,266 | 2,844 |
Corporate and other debt securities | 1,490 | 1,472 |
Net carrying amount | 3,756 | 4,315 |
The Bank | Investment grade | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 2,266 | 2,844 |
Corporate and other debt securities | 1,490 | 1,457 |
The Bank | Other | Sub-investment grade | ||
Asset-backed securities: | ||
Net carrying amount | 0 | 0 |
The Bank | Other | Not rated | ||
Asset-backed securities: | ||
Net carrying amount | 0 | 15 |
The Bank | Other | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 0 | 0 |
Corporate and other debt securities | 0 | 15 |
Mortgage-backed securities | The Group | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 1,457 | 2,046 |
Mortgage-backed securities | The Group | Investment grade | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 1,457 | 2,046 |
Mortgage-backed securities | The Group | Other | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 0 | 0 |
Mortgage-backed securities | The Bank | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 1,151 | 1,741 |
Mortgage-backed securities | The Bank | Investment grade | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 1,151 | 1,741 |
Mortgage-backed securities | The Bank | Other | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 0 | 0 |
Other asset-backed securities | The Group | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 1,608 | 1,613 |
Other asset-backed securities | The Group | Investment grade | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 1,590 | 1,593 |
Other asset-backed securities | The Group | Other | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 18 | 20 |
Other asset-backed securities | The Bank | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 1,115 | 1,103 |
Other asset-backed securities | The Bank | Investment grade | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 1,115 | 1,103 |
Other asset-backed securities | The Bank | Other | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 0 | 0 |
Corporate and other debt securities | The Group | Loans | ||
Asset-backed securities: | ||
Gross exposure | 4,564 | 5,138 |
Allowance for impairment losses | (2) | (1) |
Net carrying amount | 4,562 | 5,137 |
Corporate and other debt securities | The Group | Investment grade | Loans | ||
Asset-backed securities: | ||
Gross exposure | 4,545 | 5,102 |
Corporate and other debt securities | The Group | Other | Loans | ||
Asset-backed securities: | ||
Gross exposure | 19 | 36 |
Corporate and other debt securities | The Bank | Loans | ||
Asset-backed securities: | ||
Gross exposure | 3,756 | 4,316 |
Allowance for impairment losses | 0 | (1) |
Corporate and other debt securities | The Bank | Investment grade | Loans | ||
Asset-backed securities: | ||
Gross exposure | 3,756 | 4,301 |
Corporate and other debt securities | The Bank | Other | Loans | ||
Asset-backed securities: | ||
Gross exposure | £ 0 | £ 15 |
FINANCIAL RISK MANAGEMENT - S_4
FINANCIAL RISK MANAGEMENT - Schedule of Financial Assets at Fair Value Through Other Comprehensive Income (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Net carrying amount | £ 4,562 | £ 5,137 |
Total financial assets at fair value through other comprehensive income | 27,786 | 27,260 |
Level 3 financial assets carried at fair value | 35,095 | 37,275 |
The Group | Financial assets available-for-sale, category | Excluding equity share | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Fixed interest government bonds | 14,599 | 14,267 |
Asset-backed debt instruments held | 55 | 65 |
Corporate and other debt securities | 13,131 | 12,928 |
Net carrying amount | 27,785 | 27,260 |
Treasury and other bills | 0 | 0 |
Total financial assets at fair value through other comprehensive income | 27,785 | 27,260 |
The Group | Investment grade | Financial assets available-for-sale, category | Excluding equity share | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Fixed interest government bonds | 14,599 | 14,267 |
Asset-backed debt instruments held | 0 | 0 |
Corporate and other debt securities | 13,087 | 12,786 |
Net carrying amount | 27,686 | 27,053 |
Treasury and other bills | 0 | 0 |
Total financial assets at fair value through other comprehensive income | 27,686 | 27,053 |
The Group | Other | Sub-investment grade | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Net carrying amount | 18 | 8 |
Level 3 financial assets carried at fair value | 55 | 65 |
The Group | Other | Not rated | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Net carrying amount | 1 | 28 |
Level 3 financial assets carried at fair value | 44 | 142 |
The Group | Other | Financial assets available-for-sale, category | Excluding equity share | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Fixed interest government bonds | 0 | 0 |
Asset-backed debt instruments held | 55 | 65 |
Corporate and other debt securities | 44 | 142 |
Net carrying amount | 99 | 207 |
Treasury and other bills | 0 | 0 |
Total financial assets at fair value through other comprehensive income | 99 | 207 |
The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Net carrying amount | 3,756 | 4,315 |
Total financial assets at fair value through other comprehensive income | 25,529 | 24,647 |
Level 3 financial assets carried at fair value | 36,956 | 38,966 |
The Bank | Financial assets available-for-sale, category | Excluding equity share | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Fixed interest government bonds | 14,445 | 14,114 |
Corporate and other debt securities | 11,084 | 10,533 |
Net carrying amount | 25,529 | 24,647 |
Treasury and other bills | 0 | 0 |
Total financial assets at fair value through other comprehensive income | 25,529 | 24,647 |
The Bank | Financial assets available-for-sale, category | Including due from fellow Lloyds Banking Group undertakings | Excluding equity share | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Corporate and other debt securities | 0 | 0 |
Total financial assets at fair value through other comprehensive income | 25,529 | 24,647 |
The Bank | Investment grade | Financial assets available-for-sale, category | Excluding equity share | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Fixed interest government bonds | 14,445 | 14,114 |
Corporate and other debt securities | 11,084 | 10,444 |
Net carrying amount | 25,529 | 24,558 |
Treasury and other bills | 0 | 0 |
Total financial assets at fair value through other comprehensive income | 25,529 | 24,558 |
The Bank | Other | Sub-investment grade | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Net carrying amount | 0 | 0 |
Level 3 financial assets carried at fair value | 0 | 0 |
The Bank | Other | Not rated | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Net carrying amount | 0 | 15 |
Level 3 financial assets carried at fair value | 0 | 89 |
The Bank | Other | Financial assets available-for-sale, category | Excluding equity share | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Fixed interest government bonds | 0 | 0 |
Corporate and other debt securities | 0 | 89 |
Net carrying amount | 0 | 89 |
Treasury and other bills | 0 | 0 |
Total financial assets at fair value through other comprehensive income | £ 0 | £ 89 |
FINANCIAL RISK MANAGEMENT - S_5
FINANCIAL RISK MANAGEMENT - Schedule of Derivative Assets (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative financial instruments | £ 5,511 | £ 8,341 |
Trading and other | 4,825 | 6,979 |
Hedging | 52 | 672 |
Derivative financial assets not including due from related party undertakings | 4,877 | 7,651 |
Due from fellow Lloyds Banking Group undertakings | 634 | 690 |
The Group | Investment grade | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Trading and other | 3,991 | 5,942 |
Hedging | 52 | 667 |
Derivative financial assets not including due from related party undertakings | 4,043 | 6,609 |
The Group | Other | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Trading and other | 834 | 1,037 |
Hedging | 0 | 5 |
Derivative financial assets not including due from related party undertakings | 834 | 1,042 |
The Group | Other | Sub-investment grade | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative financial instruments | 622 | 969 |
The Group | Other | Not rated | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative financial instruments | 212 | 73 |
The Group | Net credit risk | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative financial instruments | 3,142 | 4,968 |
The Group | Cash collateral received/ pledged | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative financial instruments | 1,642 | 2,702 |
The Group | OECD banks | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative financial instruments | 67 | 151 |
The Bank | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative financial instruments | 6,898 | 12,595 |
Trading and other | 2,933 | 4,588 |
Hedging | 32 | 240 |
Derivative financial assets not including due from related party undertakings | 2,965 | 4,828 |
Due from fellow Lloyds Banking Group undertakings | 3,933 | 7,767 |
The Bank | Investment grade | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Trading and other | 2,847 | 4,442 |
Hedging | 32 | 237 |
Derivative financial assets not including due from related party undertakings | 2,879 | 4,679 |
The Bank | Other | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Trading and other | 86 | 146 |
Hedging | 0 | 3 |
Derivative financial assets not including due from related party undertakings | 86 | 149 |
The Bank | Other | Sub-investment grade | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative financial instruments | 42 | 135 |
The Bank | Other | Not rated | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative financial instruments | 44 | 14 |
The Bank | Net credit risk | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative financial instruments | 4,879 | 9,843 |
The Bank | Cash collateral received/ pledged | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative financial instruments | 930 | 1,308 |
The Bank | OECD banks | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative financial instruments | £ 37 | £ 116 |
FINANCIAL RISK MANAGEMENT - Nar
FINANCIAL RISK MANAGEMENT - Narrative Collateral Held as Security for Financial Assets (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | |
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Assets obtained by taking possession of collateral or calling on other credit enhancements | £ 86 | £ 125 | |
Retail non-mortgage | Stage 3 | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Loans and advances to customers | 1,104 | 538 | |
Allowance for impairment losses | 438 | 492 | |
Retail non-mortgage | Stage 1 and Stage 2 | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Loans and advances to customers | 55,959 | 58,183 | |
The Group | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Loans and advances to banks | [1] | 4,478 | 4,324 |
Loans and advances to customers | [1] | 430,829 | 425,694 |
Derivative financial instruments | (5,511) | (8,341) | |
The Group | Net exposure | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Derivative financial instruments | (3,142) | (4,968) | |
Off -balance sheet items | 58,030 | 61,604 | |
The Group | Maximum exposure | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Derivative financial instruments | (5,511) | (8,341) | |
Off -balance sheet items | 58,030 | 61,604 | |
The Group | Irrevocable loan commitments and contingencies | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Collateral sold or repledged in absence of default by owner of collateral, at fair value | 17,149 | 19,548 | |
The Group | Stock borrowing | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Collateral held permitted to be sold or repledged, at fair value | 7,052 | 11,925 | |
The Group | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Collateral held permitted to be sold or repledged, at fair value | 92 | 1,040 | |
The Group | Reverse repurchase agreements | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Collateral held permitted to be sold or repledged, at fair value | 0 | ||
The Group | Collateralised loan | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Collateral held permitted to be sold or repledged, at fair value | 48,423 | 60,441 | |
The Group | Commercial loans | Stage 3 | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Loans and advances to customers | 608 | 704 | |
Allowance for impairment losses | 198 | 293 | |
The Group | Commercial loans | Stage 3 | Accumulated impairment | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Collateral held permitted to be sold or repledged, at fair value | 693 | 753 | |
The Group | Trading & other financial assets at fair value through profit or loss | Stock borrowing | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Collateral sold or repledged in absence of default by owner of collateral, at fair value | 1,086 | 10,899 | |
The Bank | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Loans and advances to banks | [1] | 4,291 | 4,030 |
Loans and advances to customers | [1] | 116,716 | 123,822 |
Derivative financial instruments | (6,898) | (12,595) | |
Cash collateral received subject to enforceable master netting arrangement or similar agreement not set off against financial assets | 930 | 1,308 | |
The Bank | Net exposure | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Derivative financial instruments | (4,879) | (9,843) | |
Off -balance sheet items | 32,730 | 34,940 | |
The Bank | Maximum exposure | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Derivative financial instruments | (6,898) | (12,595) | |
Off -balance sheet items | 32,730 | 34,940 | |
The Bank | Irrevocable loan commitments and contingencies | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Collateral sold or repledged in absence of default by owner of collateral, at fair value | 1,002 | 1,720 | |
The Bank | Stock borrowing | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Collateral held permitted to be sold or repledged, at fair value | 7,090 | 17,391 | |
The Bank | Collateralised loan | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Collateral held permitted to be sold or repledged, at fair value | 48,423 | 55,031 | |
The Bank | Trading & other financial assets at fair value through profit or loss | Stock borrowing | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Collateral sold or repledged in absence of default by owner of collateral, at fair value | 1,214 | 16,639 | |
Net amount recognised in the balance sheet | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Loans and advances to banks | 7,474 | 5,950 | |
Net amount recognised in the balance sheet | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Loans and advances to customers | 477,541 | 480,141 | |
Net amount recognised in the balance sheet | Derivative assets | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Derivative financial instruments | (5,511) | (8,341) | |
Cash collateral received/ pledged | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Loans and advances to banks | 350 | 1,023 | |
Cash collateral received/ pledged | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Loans and advances to customers | 102 | 837 | |
Cash collateral received/ pledged | Derivative assets | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Derivative financial instruments | (1,621) | (2,702) | |
Reverse repurchase agreements | Net amount recognised in the balance sheet | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Loans and advances to banks | 2,996 | 1,626 | |
Reverse repurchase agreements | Net amount recognised in the balance sheet | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Loans and advances to customers | 46,712 | 54,447 | |
Reverse repurchase agreements | Cash collateral received/ pledged | Loans and advances to banks and reverse repurchase agreements | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Loans and advances to banks | 0 | 0 | |
Reverse repurchase agreements | Cash collateral received/ pledged | Loans and advances to customers and reverse repurchase agreements | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Loans and advances to customers | £ 0 | £ 0 | |
[1] | ee note 1 regarding change to presentation. |
FINANCIAL RISK MANAGEMENT - S_6
FINANCIAL RISK MANAGEMENT - Schedule of Retail Lending (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | |
The Group | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | [1] | £ 430,829 | £ 425,694 |
The Group | Residential mortgage | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 308,344 | 294,806 | |
The Group | Residential mortgage | Less than 70 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 249,185 | 221,476 | |
The Group | Residential mortgage | 70 per cent to 80 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 45,146 | 48,510 | |
The Group | Residential mortgage | 80 per cent to 90 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 12,576 | 23,061 | |
The Group | Residential mortgage | 90 per cent to 100 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 974 | 892 | |
The Group | Residential mortgage | Greater than 100 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 463 | 867 | |
The Group | Residential mortgage | Stage 1 | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 273,629 | 251,418 | |
The Group | Residential mortgage | Stage 1 | Less than 70 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 217,830 | 185,548 | |
The Group | Residential mortgage | Stage 1 | 70 per cent to 80 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 42,808 | 43,656 | |
The Group | Residential mortgage | Stage 1 | 80 per cent to 90 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 12,087 | 21,508 | |
The Group | Residential mortgage | Stage 1 | 90 per cent to 100 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 779 | 555 | |
The Group | Residential mortgage | Stage 1 | Greater than 100 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 125 | 151 | |
The Group | Residential mortgage | Stage 2 | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 21,798 | 29,018 | |
The Group | Residential mortgage | Stage 2 | Less than 70 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 19,766 | 24,330 | |
The Group | Residential mortgage | Stage 2 | 70 per cent to 80 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 1,632 | 3,364 | |
The Group | Residential mortgage | Stage 2 | 80 per cent to 90 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 253 | 1,009 | |
The Group | Residential mortgage | Stage 2 | 90 per cent to 100 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 46 | 126 | |
The Group | Residential mortgage | Stage 2 | Greater than 100 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 101 | 189 | |
The Group | Residential mortgage | Stage 3 | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 1,940 | 1,859 | |
The Group | Residential mortgage | Stage 3 | Less than 70 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 1,717 | 1,547 | |
The Group | Residential mortgage | Stage 3 | 70 per cent to 80 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 134 | 187 | |
The Group | Residential mortgage | Stage 3 | 80 per cent to 90 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 52 | 74 | |
The Group | Residential mortgage | Stage 3 | 90 per cent to 100 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 14 | 21 | |
The Group | Residential mortgage | Stage 3 | Greater than 100 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 23 | 30 | |
The Group | Residential mortgage | POCI | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 10,977 | 12,511 | |
The Group | Residential mortgage | POCI | Less than 70 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 9,872 | 10,051 | |
The Group | Residential mortgage | POCI | 70 per cent to 80 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 572 | 1,303 | |
The Group | Residential mortgage | POCI | 80 per cent to 90 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 184 | 470 | |
The Group | Residential mortgage | POCI | 90 per cent to 100 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 135 | 190 | |
The Group | Residential mortgage | POCI | Greater than 100 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 214 | 497 | |
The Bank | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | [1] | 116,716 | 123,822 |
The Bank | Residential mortgage | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 45,298 | 48,670 | |
The Bank | Residential mortgage | Less than 70 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 41,617 | 42,513 | |
The Bank | Residential mortgage | 70 per cent to 80 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 2,863 | 4,381 | |
The Bank | Residential mortgage | 80 per cent to 90 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 678 | 1,567 | |
The Bank | Residential mortgage | 90 per cent to 100 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 103 | 145 | |
The Bank | Residential mortgage | Greater than 100 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 37 | 64 | |
The Bank | Residential mortgage | Stage 1 | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 40,415 | 41,425 | |
The Bank | Residential mortgage | Stage 1 | Less than 70 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 37,113 | 36,418 | |
The Bank | Residential mortgage | Stage 1 | 70 per cent to 80 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 2,588 | 3,603 | |
The Bank | Residential mortgage | Stage 1 | 80 per cent to 90 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 612 | 1,298 | |
The Bank | Residential mortgage | Stage 1 | 90 per cent to 100 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 90 | 94 | |
The Bank | Residential mortgage | Stage 1 | Greater than 100 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 12 | 12 | |
The Bank | Residential mortgage | Stage 2 | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 4,397 | 6,677 | |
The Bank | Residential mortgage | Stage 2 | Less than 70 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 4,072 | 5,639 | |
The Bank | Residential mortgage | Stage 2 | 70 per cent to 80 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 246 | 712 | |
The Bank | Residential mortgage | Stage 2 | 80 per cent to 90 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 49 | 239 | |
The Bank | Residential mortgage | Stage 2 | 90 per cent to 100 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 10 | 42 | |
The Bank | Residential mortgage | Stage 2 | Greater than 100 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 20 | 45 | |
The Bank | Residential mortgage | Stage 3 | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 486 | 568 | |
The Bank | Residential mortgage | Stage 3 | Less than 70 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 432 | 456 | |
The Bank | Residential mortgage | Stage 3 | 70 per cent to 80 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 29 | 66 | |
The Bank | Residential mortgage | Stage 3 | 80 per cent to 90 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 17 | 30 | |
The Bank | Residential mortgage | Stage 3 | 90 per cent to 100 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | 3 | 9 | |
The Bank | Residential mortgage | Stage 3 | Greater than 100 per cent | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | |||
Loans and advances to customers | £ 5 | £ 7 | |
[1] | ee note 1 regarding change to presentation. |
FINANCIAL RISK MANAGEMENT - N_2
FINANCIAL RISK MANAGEMENT - Narrative Collateral Pledged as Security (Details) £ in Millions, number in Millions | 12 Months Ended | ||
Dec. 31, 2021GBP (£) | Dec. 31, 2020GBP (£) | ||
The Group | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Deposits from banks | [1] | £ 3,363 | £ 6,230 |
Liabilities in respect of securities sold under repurchase agreements | [1] | 30,106 | 28,184 |
Customer deposits | [1] | 449,373 | 425,152 |
Due from fellow Lloyds Banking Group undertakings | [1] | 49,708 | 56,073 |
Contract/ notional amount | 1,353,360 | 2,075,682 | |
The Group | Interest rate risk | Fair value hedges | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Hedging instrument, assets | 81 | ||
Hedging instrument, liabilities | 266 | ||
Losses on hedging instrument, fair value hedges | (1,885) | 87 | |
Gains on hedged item attributable to hedged risk, fair value hedges | 1,690 | (633) | |
The Group | Interest rate risk | Fair value hedges | Interest rate benchmark reform amendments | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | 3,370 | 107,340 | |
The Group | Interest rate risk | Fair value hedges | Interest rate benchmark reform amendments | Sterling LIBOR | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | £ 103,438 | ||
Nominal amount of hedging instrument | 112,027 | ||
The Group | Interest rate risk | Cash flow hedges | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Hedging instrument, assets | 0 | £ 28 | |
Hedge ineffectiveness recognised in the income statement | (58) | 259 | |
The Group | Interest rate risk | Cash flow hedges | Interest rate benchmark reform amendments | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | £ 2,001 | £ 18,107 | |
Nominal amount of hedging instrument | 17,954 | 439,139 | |
The Group | Interest rate risk | Cash flow hedges | Interest rate benchmark reform amendments | Sterling LIBOR | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | £ 15,120 | ||
Nominal amount of hedging instrument | 294,274 | ||
The Group | Currency risk | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Structural foreign currency exposures | £ 115 | £ 113 | |
The Group | Financial assets at fair value through profit or loss | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Collateral held permitted to be sold or repledged, at fair value | 0 | 0 | |
The Group | Hedging | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | 246,271 | 506,800 | |
The Group | Hedging | Fair value hedges | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | 147,758 | 185,994 | |
The Group | Hedging | Cash flow hedges | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | 98,513 | 320,806 | |
The Group | Hedging | Interest rate swaps | Fair value hedges | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | 147,724 | 185,958 | |
The Group | Hedging | Interest rate swaps | Cash flow hedges | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | 97,942 | 316,776 | |
The Bank | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Deposits from banks | [1] | 2,768 | 5,217 |
Liabilities in respect of securities sold under repurchase agreements | [1] | 78 | 14,504 |
Customer deposits | [1] | 268,683 | 255,056 |
Due from fellow Lloyds Banking Group undertakings | [1] | 49,708 | 56,073 |
Contract/ notional amount | 1,423,316 | 2,194,203 | |
The Bank | Interest rate risk | Fair value hedges | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Hedging instrument, liabilities | 285 | 4 | |
Losses on hedging instrument, fair value hedges | 296 | 225 | |
Gains on hedged item attributable to hedged risk, fair value hedges | (282) | (198) | |
The Bank | Interest rate risk | Fair value hedges | Interest rate benchmark reform amendments | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | 3,370 | 16,430 | |
The Bank | Interest rate risk | Fair value hedges | Interest rate benchmark reform amendments | Sterling LIBOR | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | £ 12,535 | ||
Nominal amount of hedging instrument | 21,226 | ||
The Bank | Interest rate risk | Cash flow hedges | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Hedging instrument, assets | 0 | ||
Hedging instrument, liabilities | £ 31 | ||
Hedge ineffectiveness recognised in the income statement | (24) | (27) | |
The Bank | Interest rate risk | Cash flow hedges | Interest rate benchmark reform amendments | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | £ 0 | £ 11,221 | |
Nominal amount of hedging instrument | 15,462 | 134,100 | |
The Bank | Interest rate risk | Cash flow hedges | Interest rate benchmark reform amendments | Sterling LIBOR | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | £ 11,221 | ||
Nominal amount of hedging instrument | 93,353 | ||
The Bank | Currency risk | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Structural foreign currency exposures | £ 0 | £ 2 | |
The Bank | Financial assets at fair value through profit or loss | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Collateral held permitted to be sold or repledged, at fair value | 0 | 0 | |
The Bank | Hedging | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | 84,023 | 152,035 | |
The Bank | Hedging | Fair value hedges | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | 56,732 | 58,066 | |
The Bank | Hedging | Cash flow hedges | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | 27,291 | 93,969 | |
The Bank | Hedging | Interest rate swaps | Fair value hedges | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | 56,698 | 58,030 | |
The Bank | Hedging | Interest rate swaps | Cash flow hedges | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | 26,876 | 93,353 | |
Deposits from banks and repurchase agreements: | The Group | Collateral pledged | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Liabilities in respect of securities sold under repurchase agreements | 39,918 | 18,874 | |
Deposits from banks and repurchase agreements: | The Bank | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Liabilities in respect of securities sold under repurchase agreements | 57 | 5,087 | |
Deposits from banks and repurchase agreements: | The Bank | Collateral pledged | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Liabilities in respect of securities sold under repurchase agreements | 44 | 5,197 | |
Customer deposits | The Group | Collateral pledged | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Due from fellow Lloyds Banking Group undertakings | 112 | 8,087 | |
Assets held to hedge liabilities arising from financing activities | The Group | Interest rate risk | Fair value hedges | Interest rate benchmark reform amendments | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | 9,094 | 19,567 | |
Assets held to hedge liabilities arising from financing activities | The Group | Interest rate risk | Fair value hedges | Interest rate benchmark reform amendments | Sterling LIBOR | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | 6,172 | ||
Assets held to hedge liabilities arising from financing activities | The Group | Interest rate risk | Fair value hedges | Interest rate benchmark reform amendments | US Dollar LIBOR | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | 13,395 | ||
Assets held to hedge liabilities arising from financing activities | The Bank | Interest rate risk | Fair value hedges | Interest rate benchmark reform amendments | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | 8,129 | 17,775 | |
Assets held to hedge liabilities arising from financing activities | The Bank | Interest rate risk | Fair value hedges | Interest rate benchmark reform amendments | Sterling LIBOR | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | 5,455 | ||
Assets held to hedge liabilities arising from financing activities | The Bank | Interest rate risk | Fair value hedges | Interest rate benchmark reform amendments | US Dollar LIBOR | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Contract/ notional amount | 12,320 | ||
Net amount recognised in the balance sheet | Deposits from banks and repurchase agreements: | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Deposits from banks | 33,448 | 24,997 | |
Net amount recognised in the balance sheet | Customer deposits | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Customer deposits | 449,394 | 434,569 | |
Repurchase agreements | Net amount recognised in the balance sheet | Deposits from banks and repurchase agreements: | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Deposits from banks | 30,085 | 18,767 | |
Repurchase agreements | Net amount recognised in the balance sheet | Customer deposits | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | |||
Customer deposits | £ 21 | £ 9,417 | |
[1] | ee note 1 regarding change to presentation. |
FINANCIAL RISK MANAGEMENT - S_7
FINANCIAL RISK MANAGEMENT - Schedule of Impact of Interest Rate Benchmark Reform (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
The Group | |||
Non-derivative financial assets | |||
Financial assets at fair value through profit or loss | £ 1,798 | £ 1,674 | |
Net carrying amount | 7,474 | 5,950 | £ 4,852 |
Net carrying amount | 477,541 | 480,141 | |
Due from fellow Lloyds Banking Group undertakings | 739 | 738 | |
Debt securities | 4,562 | 5,137 | |
Financial assets at amortised cost | 490,316 | 491,966 | |
Non-derivative financial liabilities | |||
Financial liabilities at fair value through profit or loss | (6,537) | (6,831) | |
Debt securities in issue | (48,724) | (59,293) | |
The Group | Interest rate benchmark reform amendments | Interest rate risk | |||
Non-derivative financial assets | |||
Financial assets at fair value through profit or loss | 303 | ||
Financial assets at amortised cost | 9,220 | ||
Non-derivative financial assets | 9,523 | ||
Non-derivative financial liabilities | |||
Financial liabilities at fair value through profit or loss | (103) | ||
Debt securities in issue | (80) | ||
Total non-derivative financial liabilities | (183) | ||
The Group | Interest rate benchmark reform amendments | Interest rate risk | Financial assets at fair value through profit or loss | |||
Non-derivative financial assets | |||
Net carrying amount | 3,252 | ||
Net carrying amount | 5,968 | ||
Due from fellow Lloyds Banking Group undertakings | 0 | ||
Debt securities | 0 | ||
The Group | Interest rate benchmark reform amendments | Interest rate | Interest rate risk | |||
Derivative notional/contract amount | |||
Notional amount | 125,068 | ||
The Group | Interest rate benchmark reform amendments | Cross currency | Interest rate risk | |||
Derivative notional/contract amount | |||
Notional amount | 22,663 | ||
The Group | Interest rate benchmark reform amendments | Sterling LIBOR | Interest rate risk | |||
Non-derivative financial assets | |||
Financial assets at fair value through profit or loss | 131 | ||
Financial assets at amortised cost | 3,419 | ||
Non-derivative financial assets | 3,550 | ||
Non-derivative financial liabilities | |||
Financial liabilities at fair value through profit or loss | 0 | ||
Debt securities in issue | 0 | ||
Total non-derivative financial liabilities | 0 | ||
The Group | Interest rate benchmark reform amendments | Sterling LIBOR | Interest rate risk | Financial assets at fair value through profit or loss | |||
Non-derivative financial assets | |||
Net carrying amount | 0 | ||
Net carrying amount | 3,419 | ||
Due from fellow Lloyds Banking Group undertakings | 0 | ||
Debt securities | 0 | ||
The Group | Interest rate benchmark reform amendments | Sterling LIBOR | Interest rate | Interest rate risk | |||
Derivative notional/contract amount | |||
Notional amount | 4,271 | ||
The Group | Interest rate benchmark reform amendments | Sterling LIBOR | Cross currency | Interest rate risk | |||
Derivative notional/contract amount | |||
Notional amount | 0 | ||
The Group | Interest rate benchmark reform amendments | US Dollar LIBOR | Interest rate risk | |||
Non-derivative financial assets | |||
Financial assets at fair value through profit or loss | 172 | ||
Financial assets at amortised cost | 5,801 | ||
Non-derivative financial assets | 5,973 | ||
Non-derivative financial liabilities | |||
Financial liabilities at fair value through profit or loss | (100) | ||
Debt securities in issue | (54) | ||
Total non-derivative financial liabilities | (154) | ||
The Group | Interest rate benchmark reform amendments | US Dollar LIBOR | Interest rate risk | Financial assets at fair value through profit or loss | |||
Non-derivative financial assets | |||
Net carrying amount | 3,252 | ||
Net carrying amount | 2,549 | ||
Due from fellow Lloyds Banking Group undertakings | 0 | ||
Debt securities | 0 | ||
The Group | Interest rate benchmark reform amendments | US Dollar LIBOR | Interest rate | Interest rate risk | |||
Derivative notional/contract amount | |||
Notional amount | 120,797 | ||
The Group | Interest rate benchmark reform amendments | US Dollar LIBOR | Cross currency | Interest rate risk | |||
Derivative notional/contract amount | |||
Notional amount | 22,663 | ||
The Group | Interest rate benchmark reform amendments | Other LIBOR | Interest rate risk | |||
Non-derivative financial assets | |||
Financial assets at fair value through profit or loss | 0 | ||
Financial assets at amortised cost | 0 | ||
Non-derivative financial assets | 0 | ||
Non-derivative financial liabilities | |||
Financial liabilities at fair value through profit or loss | (3) | ||
Debt securities in issue | (26) | ||
Total non-derivative financial liabilities | (29) | ||
The Group | Interest rate benchmark reform amendments | Other LIBOR | Interest rate risk | Financial assets at fair value through profit or loss | |||
Non-derivative financial assets | |||
Net carrying amount | 0 | ||
Net carrying amount | 0 | ||
Due from fellow Lloyds Banking Group undertakings | 0 | ||
Debt securities | 0 | ||
The Group | Interest rate benchmark reform amendments | Other LIBOR | Interest rate | Interest rate risk | |||
Derivative notional/contract amount | |||
Notional amount | 0 | ||
The Group | Interest rate benchmark reform amendments | Other LIBOR | Cross currency | Interest rate risk | |||
Derivative notional/contract amount | |||
Notional amount | 0 | ||
The Bank | |||
Non-derivative financial assets | |||
Financial assets at fair value through profit or loss | 4,529 | 1,724 | |
Net carrying amount | 7,287 | 5,656 | £ 4,453 |
Net carrying amount | 163,428 | 178,269 | |
Due from fellow Lloyds Banking Group undertakings | 108,424 | 128,771 | |
Debt securities | 3,756 | 4,315 | |
Financial assets at amortised cost | 282,895 | 317,011 | |
Non-derivative financial liabilities | |||
Financial liabilities at fair value through profit or loss | (9,821) | (7,907) | |
Debt securities in issue | (38,439) | £ (48,109) | |
The Bank | Interest rate benchmark reform amendments | Interest rate risk | |||
Non-derivative financial assets | |||
Financial assets at fair value through profit or loss | 129 | ||
Financial assets at amortised cost | 8,222 | ||
Non-derivative financial assets | 8,351 | ||
Non-derivative financial liabilities | |||
Financial liabilities at fair value through profit or loss | (103) | ||
Debt securities in issue | (60) | ||
Total non-derivative financial liabilities | (163) | ||
The Bank | Interest rate benchmark reform amendments | Interest rate risk | Financial assets at fair value through profit or loss | |||
Non-derivative financial assets | |||
Net carrying amount | 3,252 | ||
Net carrying amount | 4,836 | ||
Due from fellow Lloyds Banking Group undertakings | 134 | ||
Debt securities | 0 | ||
The Bank | Interest rate benchmark reform amendments | Interest rate | Interest rate risk | |||
Derivative notional/contract amount | |||
Notional amount | 121,923 | ||
The Bank | Interest rate benchmark reform amendments | Cross currency | Interest rate risk | |||
Derivative notional/contract amount | |||
Notional amount | 21,868 | ||
The Bank | Interest rate benchmark reform amendments | Sterling LIBOR | Interest rate risk | |||
Non-derivative financial assets | |||
Financial assets at fair value through profit or loss | 33 | ||
Financial assets at amortised cost | 2,919 | ||
Non-derivative financial assets | 2,952 | ||
Non-derivative financial liabilities | |||
Financial liabilities at fair value through profit or loss | 0 | ||
Debt securities in issue | 0 | ||
Total non-derivative financial liabilities | 0 | ||
The Bank | Interest rate benchmark reform amendments | Sterling LIBOR | Interest rate risk | Financial assets at fair value through profit or loss | |||
Non-derivative financial assets | |||
Net carrying amount | 0 | ||
Net carrying amount | 2,912 | ||
Due from fellow Lloyds Banking Group undertakings | 7 | ||
Debt securities | 0 | ||
The Bank | Interest rate benchmark reform amendments | Sterling LIBOR | Interest rate | Interest rate risk | |||
Derivative notional/contract amount | |||
Notional amount | 1,411 | ||
The Bank | Interest rate benchmark reform amendments | Sterling LIBOR | Cross currency | Interest rate risk | |||
Derivative notional/contract amount | |||
Notional amount | 0 | ||
The Bank | Interest rate benchmark reform amendments | US Dollar LIBOR | Interest rate risk | |||
Non-derivative financial assets | |||
Financial assets at fair value through profit or loss | 96 | ||
Financial assets at amortised cost | 5,303 | ||
Non-derivative financial assets | 5,399 | ||
Non-derivative financial liabilities | |||
Financial liabilities at fair value through profit or loss | (100) | ||
Debt securities in issue | (54) | ||
Total non-derivative financial liabilities | (154) | ||
The Bank | Interest rate benchmark reform amendments | US Dollar LIBOR | Interest rate risk | Financial assets at fair value through profit or loss | |||
Non-derivative financial assets | |||
Net carrying amount | 3,252 | ||
Net carrying amount | 1,924 | ||
Due from fellow Lloyds Banking Group undertakings | 127 | ||
Debt securities | 0 | ||
The Bank | Interest rate benchmark reform amendments | US Dollar LIBOR | Interest rate | Interest rate risk | |||
Derivative notional/contract amount | |||
Notional amount | 120,502 | ||
The Bank | Interest rate benchmark reform amendments | US Dollar LIBOR | Cross currency | Interest rate risk | |||
Derivative notional/contract amount | |||
Notional amount | 21,868 | ||
The Bank | Interest rate benchmark reform amendments | Other LIBOR | Interest rate risk | |||
Non-derivative financial assets | |||
Financial assets at fair value through profit or loss | 0 | ||
Financial assets at amortised cost | 0 | ||
Non-derivative financial assets | 0 | ||
Non-derivative financial liabilities | |||
Financial liabilities at fair value through profit or loss | (3) | ||
Debt securities in issue | (6) | ||
Total non-derivative financial liabilities | (9) | ||
The Bank | Interest rate benchmark reform amendments | Other LIBOR | Interest rate risk | Financial assets at fair value through profit or loss | |||
Non-derivative financial assets | |||
Net carrying amount | 0 | ||
Net carrying amount | 0 | ||
Due from fellow Lloyds Banking Group undertakings | 0 | ||
Debt securities | 0 | ||
The Bank | Interest rate benchmark reform amendments | Other LIBOR | Interest rate | Interest rate risk | |||
Derivative notional/contract amount | |||
Notional amount | 10 | ||
The Bank | Interest rate benchmark reform amendments | Other LIBOR | Cross currency | Interest rate risk | |||
Derivative notional/contract amount | |||
Notional amount | £ 0 |
FINANCIAL RISK MANAGEMENT - S_8
FINANCIAL RISK MANAGEMENT - Schedule of Securities Lending Transactions (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Securities Lending Transactions [Line Items] | ||
Financial assets at fair value through profit or loss | £ 1,798 | £ 1,674 |
Financial assets at fair value through other comprehensive income | 27,786 | 27,260 |
Total financial assets | 579,837 | 579,429 |
The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Securities Lending Transactions [Line Items] | ||
Financial assets at fair value through profit or loss | 4,529 | 1,724 |
Financial assets at fair value through other comprehensive income | 25,529 | 24,647 |
Total financial assets | 369,568 | 401,987 |
Loans and advances securitised | The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Securities Lending Transactions [Line Items] | ||
Financial assets at fair value through profit or loss | 0 | 0 |
Financial assets at fair value through other comprehensive income | 2,724 | 2,344 |
Total financial assets | 2,724 | 2,344 |
Loans and advances securitised | The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Securities Lending Transactions [Line Items] | ||
Financial assets at fair value through profit or loss | 0 | 1,365 |
Financial assets at fair value through other comprehensive income | 2,946 | 969 |
Total financial assets | £ 2,946 | £ 2,334 |
FINANCIAL RISK MANAGEMENT - D_3
FINANCIAL RISK MANAGEMENT - Disclosure of Maturities of Liabilities (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Subordinated liabilities | £ 9,242 | ||
The Group | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | £ 33,448 | 24,997 | |
Customer deposits and repurchase agreements | 449,394 | 434,569 | |
Financial liabilities at fair value through profit or loss | 6,537 | 6,831 | |
Debt securities in issue | 48,724 | 59,293 | |
Subordinated liabilities | 8,658 | 9,242 | £ 12,586 |
Derivative financial instruments | 4,643 | 8,228 | |
Interest expense | 1,884 | 3,096 | 3,878 |
The Group | Undated subordinated liabilities | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Interest expense | 19 | 23 | |
The Group | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 35,239 | 28,941 | |
Customer deposits and repurchase agreements | 450,470 | 434,748 | |
Financial liabilities at fair value through profit or loss | 6,593 | 12,038 | |
Debt securities in issue | 50,700 | 64,852 | |
Lease liabilities | 1,631 | 1,612 | |
Subordinated liabilities | 11,536 | 11,621 | |
Total non-derivative financial liabilities | 556,169 | 553,812 | |
Derivative financial instruments | 4,050 | 6,079 | |
The Group | Outflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 23,652 | 37,750 | |
The Group | Inflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 22,734 | 36,960 | |
The Group | Net flows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 918 | 790 | |
The Group | Net settled derivative liabilities | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 3,132 | 5,289 | |
The Group | Up to 1 month | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 1,930 | 7,369 | |
Customer deposits and repurchase agreements | 439,550 | 413,374 | |
Financial liabilities at fair value through profit or loss | 81 | 40 | |
Debt securities in issue | 4,367 | 5,019 | |
Lease liabilities | 2 | 10 | |
Subordinated liabilities | 30 | 81 | |
Total non-derivative financial liabilities | 445,960 | 425,893 | |
Derivative financial instruments | 2,769 | 5,211 | |
The Group | Up to 1 month | Outflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 2,577 | 4,358 | |
The Group | Up to 1 month | Inflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 2,462 | 3,795 | |
The Group | Up to 1 month | Net flows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 115 | 563 | |
The Group | Up to 1 month | Net settled derivative liabilities | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 2,654 | 4,648 | |
The Group | 1-3 months | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 477 | 1,564 | |
Customer deposits and repurchase agreements | 1,616 | 9,871 | |
Financial liabilities at fair value through profit or loss | 21 | 45 | |
Debt securities in issue | 5,307 | 5,195 | |
Lease liabilities | 61 | 51 | |
Subordinated liabilities | 39 | 69 | |
Total non-derivative financial liabilities | 7,521 | 16,795 | |
Derivative financial instruments | 127 | 513 | |
The Group | 1-3 months | Outflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 573 | 4,818 | |
The Group | 1-3 months | Inflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 425 | 4,312 | |
The Group | 1-3 months | Net flows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 148 | 506 | |
The Group | 1-3 months | Net settled derivative liabilities | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | (21) | 7 | |
The Group | 3-12 months | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 202 | 72 | |
Customer deposits and repurchase agreements | 3,689 | 5,366 | |
Financial liabilities at fair value through profit or loss | 242 | 141 | |
Debt securities in issue | 8,603 | 9,706 | |
Lease liabilities | 158 | 174 | |
Subordinated liabilities | 370 | 3,609 | |
Total non-derivative financial liabilities | 13,264 | 19,068 | |
Derivative financial instruments | 58 | 207 | |
The Group | 3-12 months | Outflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 4,232 | 4,390 | |
The Group | 3-12 months | Inflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 4,168 | 4,272 | |
The Group | 3-12 months | Net flows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 64 | 118 | |
The Group | 3-12 months | Net settled derivative liabilities | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | (6) | 89 | |
The Group | 1-5 years | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 32,407 | 19,438 | |
Customer deposits and repurchase agreements | 5,046 | 5,542 | |
Financial liabilities at fair value through profit or loss | 1,572 | 1,702 | |
Debt securities in issue | 27,715 | 33,338 | |
Lease liabilities | 578 | 626 | |
Subordinated liabilities | 5,418 | 4,261 | |
Total non-derivative financial liabilities | 72,736 | 64,907 | |
Derivative financial instruments | 480 | 307 | |
The Group | 1-5 years | Outflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 11,280 | 15,787 | |
The Group | 1-5 years | Inflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 10,945 | 15,696 | |
The Group | 1-5 years | Net flows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 335 | 91 | |
The Group | 1-5 years | Net settled derivative liabilities | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 145 | 216 | |
The Group | Over 5 years | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 223 | 498 | |
Customer deposits and repurchase agreements | 569 | 595 | |
Financial liabilities at fair value through profit or loss | 4,677 | 10,110 | |
Debt securities in issue | 4,708 | 11,594 | |
Lease liabilities | 832 | 751 | |
Subordinated liabilities | 5,679 | 3,601 | |
Total non-derivative financial liabilities | 16,688 | 27,149 | |
Derivative financial instruments | 616 | (159) | |
The Group | Over 5 years | Outflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 4,990 | 8,397 | |
The Group | Over 5 years | Inflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 4,734 | 8,885 | |
The Group | Over 5 years | Net flows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 256 | (488) | |
The Group | Over 5 years | Net settled derivative liabilities | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 360 | 329 | |
The Bank | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 2,825 | 10,304 | |
Customer deposits and repurchase agreements | 268,704 | 264,473 | |
Financial liabilities at fair value through profit or loss | 9,821 | 7,907 | |
Debt securities in issue | 38,439 | 48,109 | |
Subordinated liabilities | 7,907 | 7,751 | £ 9,909 |
Derivative financial instruments | 6,102 | 11,072 | |
The Bank | Undated subordinated liabilities | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Interest expense | 12 | 16 | |
The Bank | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 3,456 | 10,399 | |
Customer deposits and repurchase agreements | 269,489 | 264,462 | |
Financial liabilities at fair value through profit or loss | 6,561 | 11,992 | |
Debt securities in issue | 40,306 | 52,422 | |
Lease liabilities | 850 | 903 | |
Subordinated liabilities | 10,327 | 9,654 | |
Total non-derivative financial liabilities | 330,989 | 349,832 | |
Derivative financial instruments | 3,407 | 5,072 | |
The Bank | Outflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 21,675 | 33,562 | |
The Bank | Inflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 20,831 | 32,737 | |
The Bank | Net flows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 844 | 825 | |
The Bank | Net settled derivative liabilities | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 2,563 | 4,247 | |
The Bank | Up to 1 month | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 1,921 | 7,353 | |
Customer deposits and repurchase agreements | 266,536 | 254,667 | |
Financial liabilities at fair value through profit or loss | 81 | 40 | |
Debt securities in issue | 3,802 | 4,502 | |
Lease liabilities | 1 | 1 | |
Subordinated liabilities | 9 | 9 | |
Total non-derivative financial liabilities | 272,350 | 266,572 | |
Derivative financial instruments | 2,218 | 4,361 | |
The Bank | Up to 1 month | Outflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 2,545 | 3,881 | |
The Bank | Up to 1 month | Inflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 2,452 | 3,405 | |
The Bank | Up to 1 month | Net flows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 93 | 476 | |
The Bank | Up to 1 month | Net settled derivative liabilities | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 2,125 | 3,885 | |
The Bank | 1-3 months | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 467 | 1,562 | |
Customer deposits and repurchase agreements | 1,065 | 7,185 | |
Financial liabilities at fair value through profit or loss | 21 | 45 | |
Debt securities in issue | 4,559 | 4,200 | |
Lease liabilities | 32 | 34 | |
Subordinated liabilities | 17 | 43 | |
Total non-derivative financial liabilities | 6,161 | 13,069 | |
Derivative financial instruments | 116 | 451 | |
The Bank | 1-3 months | Outflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 544 | 4,737 | |
The Bank | 1-3 months | Inflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 407 | 4,291 | |
The Bank | 1-3 months | Net flows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 137 | 446 | |
The Bank | 1-3 months | Net settled derivative liabilities | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | (21) | 5 | |
The Bank | 3-12 months | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 31 | 15 | |
Customer deposits and repurchase agreements | 691 | 1,334 | |
Financial liabilities at fair value through profit or loss | 242 | 141 | |
Debt securities in issue | 5,426 | 6,404 | |
Lease liabilities | 83 | 97 | |
Subordinated liabilities | 339 | 3,069 | |
Total non-derivative financial liabilities | 6,812 | 11,060 | |
Derivative financial instruments | 52 | 100 | |
The Bank | 3-12 months | Outflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 3,827 | 3,433 | |
The Bank | 3-12 months | Inflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 3,769 | 3,336 | |
The Bank | 3-12 months | Net flows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 58 | 97 | |
The Bank | 3-12 months | Net settled derivative liabilities | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | (6) | 3 | |
The Bank | 1-5 years | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 813 | 1,108 | |
Customer deposits and repurchase agreements | 765 | 819 | |
Financial liabilities at fair value through profit or loss | 1,572 | 1,701 | |
Debt securities in issue | 22,704 | 27,908 | |
Lease liabilities | 300 | 326 | |
Subordinated liabilities | 4,708 | 3,517 | |
Total non-derivative financial liabilities | 30,862 | 35,379 | |
Derivative financial instruments | 453 | 244 | |
The Bank | 1-5 years | Outflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 10,416 | 15,174 | |
The Bank | 1-5 years | Inflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 10,108 | 15,076 | |
The Bank | 1-5 years | Net flows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 308 | 98 | |
The Bank | 1-5 years | Net settled derivative liabilities | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 145 | 146 | |
The Bank | Over 5 years | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks and repurchase agreements | 224 | 361 | |
Customer deposits and repurchase agreements | 432 | 457 | |
Financial liabilities at fair value through profit or loss | 4,645 | 10,065 | |
Debt securities in issue | 3,815 | 9,408 | |
Lease liabilities | 434 | 445 | |
Subordinated liabilities | 5,254 | 3,016 | |
Total non-derivative financial liabilities | 14,804 | 23,752 | |
Derivative financial instruments | 568 | (84) | |
The Bank | Over 5 years | Outflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 4,343 | 6,337 | |
The Bank | Over 5 years | Inflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 4,095 | 6,629 | |
The Bank | Over 5 years | Net flows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 248 | (292) | |
The Bank | Over 5 years | Net settled derivative liabilities | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | £ 320 | £ 208 |
FINANCIAL RISK MANAGEMENT - S_9
FINANCIAL RISK MANAGEMENT - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | £ 2,340 | £ 2,364 |
Commitments and guarantees | 127,684 | 133,598 |
Total contingents and commitments | 130,024 | 135,962 |
The Group | Lending commitments and guarantees | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 127,624 | 133,473 |
The Group | Other commitments | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 60 | 125 |
The Group | Not later than 1 year | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 1,383 | 1,375 |
Commitments and guarantees | 97,587 | 102,280 |
Total contingents and commitments | 98,970 | 103,655 |
The Group | Not later than 1 year | Lending commitments and guarantees | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 97,587 | 102,279 |
The Group | Not later than 1 year | Other commitments | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 0 | 1 |
The Group | 1-3 years | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 242 | 337 |
Commitments and guarantees | 15,524 | 18,196 |
Total contingents and commitments | 15,766 | 18,533 |
The Group | 1-3 years | Lending commitments and guarantees | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 15,506 | 18,152 |
The Group | 1-3 years | Other commitments | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 18 | 44 |
The Group | 3-5 years | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 258 | 69 |
Commitments and guarantees | 9,853 | 9,470 |
Total contingents and commitments | 10,111 | 9,539 |
The Group | 3-5 years | Lending commitments and guarantees | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 9,853 | 9,454 |
The Group | 3-5 years | Other commitments | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 0 | 16 |
The Group | Over 5 years | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 457 | 583 |
Commitments and guarantees | 4,720 | 3,652 |
Total contingents and commitments | 5,177 | 4,235 |
The Group | Over 5 years | Lending commitments and guarantees | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 4,678 | 3,588 |
The Group | Over 5 years | Other commitments | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 42 | 64 |
The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 2,077 | 2,093 |
Commitments and guarantees | 57,990 | 62,766 |
Total contingents and commitments | 60,067 | 64,859 |
The Bank | Lending commitments and guarantees | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 57,935 | 62,670 |
The Bank | Other commitments | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 55 | 96 |
The Bank | Not later than 1 year | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 1,248 | 1,217 |
Commitments and guarantees | 30,872 | 34,552 |
Total contingents and commitments | 32,120 | 35,769 |
The Bank | Not later than 1 year | Lending commitments and guarantees | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 30,872 | 34,552 |
The Bank | Not later than 1 year | Other commitments | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 0 | 0 |
The Bank | 1-3 years | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 216 | 328 |
Commitments and guarantees | 14,231 | 16,346 |
Total contingents and commitments | 14,447 | 16,674 |
The Bank | 1-3 years | Lending commitments and guarantees | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 14,213 | 16,319 |
The Bank | 1-3 years | Other commitments | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 18 | 27 |
The Bank | 3-5 years | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 227 | 68 |
Commitments and guarantees | 9,180 | 9,143 |
Total contingents and commitments | 9,407 | 9,211 |
The Bank | 3-5 years | Lending commitments and guarantees | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 9,180 | 9,127 |
The Bank | 3-5 years | Other commitments | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 0 | 16 |
The Bank | Over 5 years | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 386 | 480 |
Commitments and guarantees | 3,707 | 2,725 |
Total contingents and commitments | 4,093 | 3,205 |
The Bank | Over 5 years | Lending commitments and guarantees | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 3,670 | 2,672 |
The Bank | Over 5 years | Other commitments | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 37 | 53 |
Acceptances and endorsements | The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 21 | 73 |
Acceptances and endorsements | The Group | Not later than 1 year | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 21 | 73 |
Acceptances and endorsements | The Group | 1-3 years | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 0 | |
Acceptances and endorsements | The Group | 3-5 years | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 0 | |
Acceptances and endorsements | The Group | Over 5 years | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 0 | |
Acceptances and endorsements | The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 21 | 73 |
Acceptances and endorsements | The Bank | Not later than 1 year | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 21 | 73 |
Acceptances and endorsements | The Bank | 1-3 years | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 0 | 0 |
Acceptances and endorsements | The Bank | 3-5 years | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 0 | 0 |
Acceptances and endorsements | The Bank | Over 5 years | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 0 | 0 |
Other contingent liabilities | The Group | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 2,319 | 2,291 |
Other contingent liabilities | The Group | Not later than 1 year | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 1,362 | 1,302 |
Other contingent liabilities | The Group | 1-3 years | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 242 | 337 |
Other contingent liabilities | The Group | 3-5 years | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 258 | 69 |
Other contingent liabilities | The Group | Over 5 years | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 457 | 583 |
Other contingent liabilities | The Bank | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 2,056 | 2,020 |
Other contingent liabilities | The Bank | Not later than 1 year | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 1,227 | 1,144 |
Other contingent liabilities | The Bank | 1-3 years | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 216 | 328 |
Other contingent liabilities | The Bank | 3-5 years | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 227 | 68 |
Other contingent liabilities | The Bank | Over 5 years | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | £ 386 | £ 480 |
CASH FLOW STATEMENTS - Schedule
CASH FLOW STATEMENTS - Schedule of Change in Operating Assets (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
The Group | |||
CASH FLOW STATEMENTS (Details) - Schedule of Change in Operating Assets [Line Items] | |||
Change in amounts due from fellow Lloyds Banking Group undertakings | £ (1) | £ 1,116 | £ 24 |
Change in other financial assets held at amortised cost | 3,292 | (9,688) | (11,832) |
Change in financial assets at fair value through profit or loss | (124) | 610 | 20,972 |
Change in derivative financial instruments | 1,548 | 479 | 3,677 |
Change in other operating assets | 345 | 627 | 63 |
Change in operating assets | 5,060 | (6,856) | 12,904 |
The Bank | |||
CASH FLOW STATEMENTS (Details) - Schedule of Change in Operating Assets [Line Items] | |||
Change in amounts due from fellow Lloyds Banking Group undertakings | 20,347 | 73,506 | (48,692) |
Change in other financial assets held at amortised cost | 15,167 | (1,815) | (5,482) |
Change in financial assets at fair value through profit or loss | (2,805) | (1,021) | 20,140 |
Change in derivative financial instruments | 6,085 | 753 | 2,428 |
Change in other operating assets | 10 | 239 | 63 |
Change in operating assets | £ 38,804 | £ 71,662 | £ (31,543) |
CASH FLOW STATEMENTS - Schedu_2
CASH FLOW STATEMENTS - Schedule of Change in Operating Liabilities (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
The Group | |||
CASH FLOW STATEMENTS (Details) - Schedule of Change in Operating Liabilities [Line Items] | |||
Change in deposits from banks and repurchase agreements | £ 8,451 | £ 1,404 | £ (2,670) |
Change in customer deposits and repurchase agreements | 14,825 | 37,728 | 5,593 |
Change in amounts due to fellow Lloyds Banking Group undertakings | (806) | (1,316) | (8,142) |
Change in financial liabilities at fair value through profit or loss | (380) | (946) | (10,447) |
Change in derivative financial instruments | (3,585) | (1,603) | (1,080) |
Change in debt securities in issue | (10,569) | (17,138) | 11,898 |
Change in other operating liabilities | 174 | (288) | (782) |
Change in operating liabilities | 8,110 | 17,841 | (5,630) |
Increase (decrease) in lease liabilities | (182) | (163) | 43 |
The Bank | |||
CASH FLOW STATEMENTS (Details) - Schedule of Change in Operating Liabilities [Line Items] | |||
Change in deposits from banks and repurchase agreements | (7,479) | 3,182 | 1,802 |
Change in customer deposits and repurchase agreements | 4,231 | 24,711 | 10,360 |
Change in amounts due to fellow Lloyds Banking Group undertakings | (12,468) | (73,233) | 28,016 |
Change in financial liabilities at fair value through profit or loss | 1,828 | 135 | (10,441) |
Change in derivative financial instruments | (4,970) | (3,139) | (335) |
Change in debt securities in issue | (9,670) | (13,400) | 11,722 |
Change in other operating liabilities | 513 | (249) | (1,823) |
Change in operating liabilities | (28,015) | (61,993) | 39,301 |
Increase (decrease) in lease liabilities | £ (108) | £ (42) | £ 20 |
CASH FLOW STATEMENTS - Schedu_3
CASH FLOW STATEMENTS - Schedule of Non-Cash and Other Items (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
CASH FLOW STATEMENTS (Details) - Schedule of Non-Cash and Other Items [Line Items] | |||
Contributions to defined benefit schemes | £ 1,100 | ||
The Group | |||
CASH FLOW STATEMENTS (Details) - Schedule of Non-Cash and Other Items [Line Items] | |||
Depreciation and amortisation | 2,777 | £ 2,670 | £ 2,602 |
Permanent diminution in value of investment in subsidiaries | 0 | 0 | 0 |
Dividends and distributions on other equity instruments received from subsidiary undertakings | 0 | 0 | 0 |
Revaluation of investment properties | 0 | 20 | 8 |
Allowance for loan losses | (1,085) | 3,802 | 1,380 |
Write-off of allowance for loan losses, net of recoveries | (935) | (1,279) | (1,457) |
Impairment (credit) charge relating to undrawn balances | (231) | 253 | (17) |
Impairment of financial assets at fair value through other comprehensive income | (2) | 5 | (1) |
Regulatory and legal provisions | 1,177 | 414 | 2,190 |
Other provision movements | (82) | 80 | (161) |
Additional capital injections to subsidiaries | 0 | 0 | 0 |
Net charge in respect of defined benefit schemes | 236 | 247 | 245 |
Foreign exchange element on balance sheet | 159 | 823 | 420 |
Interest expense on subordinated liabilities | 570 | 846 | 947 |
Profit on disposal of businesses | 0 | 0 | (107) |
Other non-cash items | (1,173) | (1,216) | (347) |
Total non-cash items | 1,411 | 6,665 | 5,702 |
Payments in respect of regulatory and legal provisions | (680) | (2,165) | (3,164) |
Other | (45) | 137 | 0 |
Total other items | (2,072) | (3,181) | (4,233) |
Non-cash and other items | (661) | 3,484 | 1,469 |
The Group | Present value of defined benefit obligation | |||
CASH FLOW STATEMENTS (Details) - Schedule of Non-Cash and Other Items [Line Items] | |||
Contributions to defined benefit schemes | (1,347) | (1,153) | (1,069) |
The Bank | |||
CASH FLOW STATEMENTS (Details) - Schedule of Non-Cash and Other Items [Line Items] | |||
Depreciation and amortisation | 1,671 | 1,325 | 1,245 |
Permanent diminution in value of investment in subsidiaries | 0 | 0 | 159 |
Dividends and distributions on other equity instruments received from subsidiary undertakings | (1,503) | (211) | (1,434) |
Revaluation of investment properties | 0 | 0 | 0 |
Allowance for loan losses | (648) | 1,742 | 490 |
Write-off of allowance for loan losses, net of recoveries | (442) | (622) | (759) |
Impairment (credit) charge relating to undrawn balances | (134) | 155 | 14 |
Impairment of financial assets at fair value through other comprehensive income | 1 | 1 | (1) |
Regulatory and legal provisions | 196 | 312 | 996 |
Other provision movements | (71) | 18 | (43) |
Additional capital injections to subsidiaries | (36) | (33) | (53) |
Net charge in respect of defined benefit schemes | 114 | 121 | 131 |
Foreign exchange element on balance sheet | (48) | 491 | (230) |
Interest expense on subordinated liabilities | 484 | 534 | 657 |
Profit on disposal of businesses | 0 | 0 | 0 |
Other non-cash items | (867) | (339) | (174) |
Total non-cash items | (1,283) | 3,494 | 998 |
Payments in respect of regulatory and legal provisions | (190) | (959) | (1,385) |
Other | 237 | (65) | 0 |
Total other items | (776) | (1,674) | (1,948) |
Non-cash and other items | (2,059) | 1,820 | (950) |
The Bank | Present value of defined benefit obligation | |||
CASH FLOW STATEMENTS (Details) - Schedule of Non-Cash and Other Items [Line Items] | |||
Contributions to defined benefit schemes | £ (823) | £ (650) | £ (563) |
CASH FLOW STATEMENTS - Schedu_4
CASH FLOW STATEMENTS - Schedule of Analysis of Cash and Cash Equivalents as Shown in the Balance Sheet (Details) - GBP (£) £ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
The Group | ||||
CASH FLOW STATEMENTS (Details) - Schedule of Analysis of Cash and Cash Equivalents as Shown in the Balance Sheet [Line Items] | ||||
Cash and balances at central banks | £ 54,279 | £ 49,888 | £ 38,880 | |
Less: mandatory reserve deposits | (4,777) | (4,392) | (3,177) | |
Bank balances at central banks other than mandatory reserve deposits | 49,502 | 45,496 | 35,703 | |
Loans and advances to banks and reverse repurchase agreements | 7,474 | 5,950 | 4,852 | |
Less amounts with a maturity of three months or more | 3,786 | 2,480 | 1,941 | |
Loans and advances to banks current | 3,688 | 3,470 | 2,911 | |
Total cash and cash equivalents | 53,190 | 48,966 | 38,614 | £ 39,723 |
The Bank | ||||
CASH FLOW STATEMENTS (Details) - Schedule of Analysis of Cash and Cash Equivalents as Shown in the Balance Sheet [Line Items] | ||||
Cash and balances at central banks | 49,618 | 45,753 | 35,741 | |
Less: mandatory reserve deposits | (963) | (954) | (764) | |
Bank balances at central banks other than mandatory reserve deposits | 48,655 | 44,799 | 34,977 | |
Loans and advances to banks and reverse repurchase agreements | 7,287 | 5,656 | 4,453 | |
Less amounts with a maturity of three months or more | 3,712 | 2,387 | 1,648 | |
Loans and advances to banks current | 3,575 | 3,269 | 2,805 | |
Total cash and cash equivalents | £ 52,230 | £ 48,068 | £ 37,782 | £ 38,654 |