Cover
Cover | 6 Months Ended |
Jun. 30, 2022 | |
Cover [Abstract] | |
Document type | 6-K |
Entity registrant name | LLOYDS BANK plc |
Document period end date | Jun. 30, 2022 |
Entity central index key | 0001167831 |
Amendment flag | false |
Current fiscal year end date | --12-31 |
Document fiscal year focus | 2022 |
Document fiscal period focus | Q2 |
CONSOLIDATED INCOME STATEMENT (
CONSOLIDATED INCOME STATEMENT (UNAUDITED) - GBP (£) £ in Millions | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | ||
Profit or loss [abstract] | |||
Interest income | £ 7,124 | £ 6,397 | |
Interest expense | (1,035) | (1,021) | |
Net interest income | 6,089 | 5,376 | |
Fee and commission income | 1,180 | 1,070 | |
Fee and commission expense | (532) | (480) | |
Net fee and commission income | 648 | 590 | |
Net trading income | 208 | 303 | |
Other operating income | 1,107 | 1,038 | |
Other income | 1,963 | 1,931 | |
Total income | 8,052 | 7,307 | |
Operating expenses | (4,405) | (4,564) | |
Impairment (charge) credit | (364) | 677 | |
Profit before tax | 3,283 | 3,420 | [1] |
Tax (expense) credit | (842) | 288 | |
Profit for the period | 2,441 | 3,708 | |
Profit attributable to ordinary shareholders | 2,313 | 3,489 | |
Profit attributable to other equity holders | 114 | 203 | |
Profit attributable to equity holders | 2,427 | 3,692 | |
Profit attributable to non-controlling interests | £ 14 | £ 16 | |
[1]Restated, see page 34 |
CONSOLIDATED STATEMENT OF COMPR
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) - GBP (£) £ in Millions | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | |||
Statement of comprehensive income [abstract] | ||||
Profit for the period | £ 2,441 | £ 3,708 | ||
Post-retirement defined benefit scheme remeasurements: | ||||
Remeasurements before tax | (382) | 604 | ||
Tax | 175 | (323) | ||
Remeasurements after tax | (207) | 281 | ||
Movements in revaluation reserve in respect of equity shares held at fair value through other comprehensive income: | ||||
Change in fair value | 0 | 0 | ||
Tax | (1) | 1 | ||
Fair value, net of tax | (1) | 1 | ||
Gains and losses attributable to own credit risk: | ||||
Gains (losses) before tax | 421 | (48) | ||
Tax | (127) | 22 | ||
Gains and (losses) net of tax | 294 | (26) | ||
Movements in revaluation reserve in respect of debt securities held at fair value through other comprehensive income: | ||||
Change in fair value | (27) | 41 | ||
Income statement transfers in respect of disposals | 30 | 59 | ||
Income statement transfers in respect of impairment | 0 | (2) | ||
Tax | 5 | (12) | ||
Revaluation reserve in respect of debt securities held at fair value through other comprehensive income | 8 | 86 | ||
Movements in cash flow hedging reserve: | ||||
Effective portion of changes in fair value taken to other comprehensive income | (3,382) | (1,074) | ||
Net income statement transfers | (182) | (275) | ||
Tax | 960 | 349 | ||
Cash flow hedging reserve | (2,604) | (1,000) | ||
Movements in foreign currency translation reserve: | ||||
Currency translation differences (tax: £nil) | 38 | (7) | ||
Transfers to income statement (tax: £nil) | 0 | 0 | ||
Foreign currency translation reserve | 38 | (7) | ||
Other comprehensive income for the period, net of tax | (2,472) | (665) | ||
Total comprehensive income for the period | (31) | [1] | 3,043 | [2] |
Total comprehensive income attributable to ordinary shareholders | (159) | 2,824 | ||
Total comprehensive income attributable to other equity holders | 114 | 203 | ||
Total comprehensive income attributable to equity holders | (45) | 3,027 | ||
Total comprehensive income attributable to non-controlling interests | £ 14 | £ 16 | ||
[1]Total comprehensive income attributable to owners of the parent was a deficit of £45 million.[2]Total comprehensive income attributable to owners of the parent was £3,027 million |
CONSOLIDATED STATEMENT OF COM_2
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) (Parenthetical) - GBP (£) £ in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Statement of comprehensive income [abstract] | ||
Tax on currency translation | £ 0 | £ 0 |
Transfers to the income statement tax | £ 0 | £ 0 |
CONSOLIDATED BALANCE SHEET
CONSOLIDATED BALANCE SHEET - GBP (£) £ in Millions | Jun. 30, 2022 | Dec. 31, 2021 | ||
Assets | ||||
Cash and balances at central banks | £ 70,375 | £ 54,279 | ||
Items in the course of collection from banks | 203 | 147 | ||
Financial assets at fair value through profit or loss | 1,429 | 1,798 | ||
Derivative financial instruments | 5,042 | 5,511 | ||
Loans and advances to banks | 5,661 | 4,478 | ||
Loans and advances to customers | 434,968 | 430,829 | ||
Reverse repurchase agreements | 52,057 | 49,708 | ||
Debt securities | 6,401 | 4,562 | ||
Due from fellow Lloyds Banking Group undertakings | 714 | 739 | ||
Financial assets at amortised cost | 499,801 | 490,316 | ||
Financial assets at fair value through other comprehensive income | 24,029 | 27,786 | ||
Goodwill | 470 | 470 | ||
Other intangible assets | 4,295 | 4,144 | ||
Current tax recoverable | 601 | 220 | ||
Deferred tax assets | 4,476 | 4,048 | ||
Retirement benefit assets | 5,473 | 4,531 | ||
Other assets | 10,129 | 9,599 | ||
Total assets | 626,323 | 602,849 | ||
Liabilities | ||||
Deposits from banks | 4,034 | 3,363 | ||
Customer deposits | 450,928 | 449,373 | ||
Repurchase agreements at amortised cost | 48,153 | 30,106 | ||
Due to fellow Lloyds Banking Group undertakings | 1,658 | 1,490 | ||
Items in course of transmission to banks | 358 | 308 | ||
Financial liabilities at fair value through profit or loss | 5,643 | 6,537 | ||
Derivative financial instruments | 5,488 | 4,643 | ||
Notes in circulation | 1,269 | 1,321 | ||
Debt securities in issue | 53,223 | 48,724 | ||
Other liabilities | 6,236 | 5,391 | ||
Retirement benefit obligations | 187 | 230 | ||
Deferred tax liabilities | 143 | 0 | ||
Other provisions | 1,773 | 1,933 | ||
Subordinated liabilities | 6,515 | 8,658 | ||
Total liabilities | 585,608 | 562,077 | ||
Equity | ||||
Share capital | 1,574 | 1,574 | ||
Share premium account | 600 | 600 | ||
Other reserves | 2,842 | 5,400 | ||
Retained profits | 31,343 | 28,836 | ||
Ordinary shareholders’ equity | 36,359 | 36,410 | ||
Other equity instruments | 4,268 | 4,268 | ||
Total equity excluding non-controlling interests | 40,627 | 40,678 | ||
Non-controlling interests | 88 | 94 | ||
Total equity | 40,715 | [1] | 40,772 | [2] |
Total equity and liabilities | £ 626,323 | £ 602,849 | ||
[1]Total equity attributable to owners of the parent was £40,627 million.[2]Total equity attributable to owners of the parent was £40,678 million |
CONSOLIDATED STATEMENT OF CHANG
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) - GBP (£) £ in Millions | Total | Total | Share capital and premium | Other reserves | Retained profits | Other equity instruments | Non-controlling interests | |
Beginning balance at Dec. 31, 2020 | £ 41,118 | £ 35,105 | £ 2,174 | £ 7,181 | £ 25,750 | £ 5,935 | £ 78 | |
Comprehensive income | ||||||||
Profit for the period | 3,708 | 3,489 | 3,489 | 203 | 16 | |||
Other comprehensive income | ||||||||
Post-retirement defined benefit scheme remeasurements, net of tax | 281 | 281 | 281 | |||||
Movements in revaluation reserve in respect of financial assets held at fair value through other comprehensive income, net of tax: | ||||||||
Debt securities | 86 | 86 | 86 | |||||
Equity shares | 1 | 1 | 1 | |||||
Gains and losses attributable to own credit risk, net of tax | (26) | (26) | (26) | |||||
Movements in cash flow hedging reserve, net of tax | (1,000) | (1,000) | (1,000) | |||||
Movements in foreign currency translation reserve, net of tax | (7) | (7) | (7) | |||||
Other comprehensive income for the period, net of tax | (665) | (665) | (920) | 255 | ||||
Total comprehensive income for the period | [1] | 3,043 | 2,824 | (920) | 3,744 | 203 | 16 | |
Transactions with owners | ||||||||
Dividends | (1,003) | (1,000) | (1,000) | (3) | ||||
Distributions on other equity instruments | (203) | (203) | ||||||
Issue of other equity instruments | 1,549 | (1) | (1) | 1,550 | ||||
Redemptions of other equity instruments | (1,850) | (9) | (9) | (1,841) | ||||
Capital contributions received | 78 | 78 | 78 | |||||
Return of capital contributions | (2) | (2) | (2) | |||||
Total transactions with owners | (1,431) | (934) | (934) | (494) | (3) | |||
Realised gains and losses on equity shares held at fair value through other comprehensive income | 0 | 0 | (1) | 1 | ||||
Ending balance at Jun. 30, 2021 | [2] | 42,730 | 36,995 | 2,174 | 6,260 | 28,561 | 5,644 | 91 |
Comprehensive income | ||||||||
Profit for the period | 1,494 | 1,337 | 1,337 | 141 | 16 | |||
Other comprehensive income | ||||||||
Post-retirement defined benefit scheme remeasurements, net of tax | 781 | 781 | 781 | |||||
Movements in revaluation reserve in respect of financial assets held at fair value through other comprehensive income, net of tax: | ||||||||
Debt securities | 110 | 110 | 110 | |||||
Equity shares | 0 | |||||||
Gains and losses attributable to own credit risk, net of tax | (26) | (26) | (26) | |||||
Movements in cash flow hedging reserve, net of tax | (958) | (958) | (958) | |||||
Movements in foreign currency translation reserve, net of tax | (12) | (12) | (12) | |||||
Other comprehensive income for the period, net of tax | (105) | (105) | (860) | 755 | ||||
Total comprehensive income for the period | [3] | 1,389 | 1,232 | (860) | 2,092 | 141 | 16 | |
Transactions with owners | ||||||||
Dividends | (1,911) | (1,900) | (1,900) | (11) | ||||
Distributions on other equity instruments | (141) | (141) | ||||||
Redemptions of other equity instruments | (1,376) | (1,376) | ||||||
Capital contributions received | 86 | 86 | 86 | |||||
Return of capital contributions | (2) | (2) | (2) | |||||
Changes in non-controlling interests | (3) | (1) | (1) | (2) | ||||
Total transactions with owners | (3,347) | (1,817) | (1,817) | (1,517) | (13) | |||
Realised gains and losses on equity shares held at fair value through other comprehensive income | 0 | |||||||
Ending balance at Dec. 31, 2021 | [4] | 40,772 | 36,410 | 2,174 | 5,400 | 28,836 | 4,268 | 94 |
Comprehensive income | ||||||||
Profit for the period | 2,441 | 2,313 | 2,313 | 114 | 14 | |||
Other comprehensive income | ||||||||
Post-retirement defined benefit scheme remeasurements, net of tax | (207) | (207) | (207) | |||||
Movements in revaluation reserve in respect of financial assets held at fair value through other comprehensive income, net of tax: | ||||||||
Debt securities | 8 | 8 | 8 | |||||
Equity shares | (1) | (1) | (1) | |||||
Gains and losses attributable to own credit risk, net of tax | 294 | 294 | 294 | |||||
Movements in cash flow hedging reserve, net of tax | (2,604) | (2,604) | (2,604) | |||||
Movements in foreign currency translation reserve, net of tax | 38 | 38 | 38 | |||||
Other comprehensive income for the period, net of tax | (2,472) | (2,472) | (2,559) | 87 | ||||
Total comprehensive income for the period | [5] | (31) | (159) | (2,559) | 2,400 | 114 | 14 | |
Transactions with owners | ||||||||
Dividends | (20) | (20) | ||||||
Distributions on other equity instruments | (114) | (114) | ||||||
Capital contributions received | 110 | 110 | 110 | |||||
Return of capital contributions | (2) | (2) | (2) | |||||
Total transactions with owners | (26) | 108 | 108 | (114) | (20) | |||
Realised gains and losses on equity shares held at fair value through other comprehensive income | 0 | 0 | 1 | (1) | ||||
Ending balance at Jun. 30, 2022 | [6] | £ 40,715 | £ 36,359 | £ 2,174 | £ 2,842 | £ 31,343 | £ 4,268 | £ 88 |
[1]Total comprehensive income attributable to owners of the parent was £3,027 million[2]Total equity attributable to owners of the parent was £42,639 million.[3]Total comprehensive income attributable to owners of the parent was £1,373 million.[4]Total equity attributable to owners of the parent was £40,678 million[5]Total comprehensive income attributable to owners of the parent was a deficit of £45 million.[6]Total equity attributable to owners of the parent was £40,627 million. |
CONSOLIDATED STATEMENT OF CHA_2
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) (Parenthetical) - GBP (£) £ in Millions | 6 Months Ended | ||
Jun. 30, 2022 | Dec. 31, 2021 | Jun. 30, 2021 | |
Consolidated Statement Of Changes In Equity [Abstract] | |||
Total comprehensive income attributable to owners of the parent | £ (45) | £ 1,373 | £ 3,027 |
Total equity excluding non-controlling interests | £ 40,627 | £ 40,678 | £ 42,639 |
CONSOLIDATED CASH FLOW STATEMEN
CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) - GBP (£) £ in Millions | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | [1] | |
Cash flows from operating activities | |||
Profit before tax | £ 3,283 | £ 3,420 | |
Adjustments for: | |||
Change in operating assets | (13,288) | 1,799 | |
Change in operating liabilities | 26,163 | 6,422 | |
Non-cash and other items | (1,196) | (1,068) | |
Tax paid (net) | (470) | (646) | |
Net cash provided by operating activities | 14,492 | 9,927 | |
Cash flows from investing activities | |||
Purchase of financial assets | (2,359) | (5,411) | |
Proceeds from sale and maturity of financial assets | 5,191 | 6,335 | |
Purchase of fixed assets | (1,584) | (1,509) | |
Proceeds from sale of fixed assets | 431 | 542 | |
Net cash provided by (used in) investing activities | 1,679 | (43) | |
Cash flows from financing activities | |||
Dividends paid to ordinary shareholders | 0 | (1,000) | |
Distributions on other equity instruments | (114) | (203) | |
Dividends paid to non-controlling interests | (20) | (3) | |
Return of capital contributions | (2) | (2) | |
Interest paid on subordinated liabilities | (199) | (310) | |
Proceeds from issue of subordinated liabilities | 0 | 1,086 | |
Proceeds from issue of other equity instruments | 0 | 1,549 | |
Repayment of subordinated liabilities | (1,644) | (471) | |
Redemption of other equity instruments | 0 | (1,850) | |
Borrowings from parent company | 73 | 2,459 | |
Repayments of borrowings to parent company | 0 | (850) | |
Interest paid on borrowings from parent company | (96) | (127) | |
Net cash (used in) provided by financing activities | (2,002) | 278 | |
Effects of exchange rate changes on cash and cash equivalents | 1 | 0 | |
Change in cash and cash equivalents | 14,170 | 10,162 | |
Cash and cash equivalents at beginning of period | 55,960 | 51,622 | |
Cash and cash equivalents at end of period | £ 70,130 | £ 61,784 | |
[1]Restated, see page 34 |
Basis of preparation and accoun
Basis of preparation and accounting policies | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure Of Basis Of Preparation And Significant Accounting Policies [Abstract] | |
Basis of preparation and accounting policies | Note 1: Basis of preparation and accounting policies These condensed consolidated half-year financial statements as at and for the period to 30 June 2022 have been prepared in accordance with International Accounting Standard 34 (IAS 34), Interim Financial Reporting as issued by the International Accounting Standards Board (IASB) and comprise the results of Lloyds Bank plc (the Bank) together with its subsidiaries (the Group). They do not include all of the information required for full annual financial statements and should be read in conjunction with the Group’s consolidated financial statements as at and for the year ended 31 December 2021 which were prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the IASB. Copies of the 2021 Annual Report on Form 20-F are available on the Lloyds Banking Group’s website. The Directors consider that it is appropriate to continue to adopt the going concern basis in preparing the condensed consolidated half-year financial statements. In reaching this assessment, the Directors have taken into account the uncertainties affecting the UK economy and their potential effects upon the Group’s performance and projected funding and capital position; the impact of further stress scenarios has also been considered. On this basis, the Directors are satisfied that the Group will maintain adequate levels of funding and capital for the foreseeable future. Changes in accounting policy Except for the matter referred to below, the Group's accounting policies are consistent with those applied by the Group in its financial statements for the year ended 31 December 2021 and there have been no changes in the Group's methods of computation. Cash and cash equivalents: Following a decision by the IFRS Interpretations Committee in April 2022, the Group includes mandatory reserve deposits with central banks that are held in demand accounts within cash and cash equivalents disclosed in the cash flow statement, whereas these amounts were previously excluded from the amount presented in the cash flow statement. This change increased the Group’s cash and cash equivalents at 31 December 2021 by £2,770 million (to £55,960 million) and at 30 June 2021 by £3,095 million (to £61,784 million). Future accounting developments The IASB has issued a number of minor amendments to IFRSs effective 1 January 2023 (including IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors ). These amendments are not expected to have a significant impact on the Group . |
Critical accounting judgements
Critical accounting judgements and key sources of estimation uncertainty | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure Of Accounting Judgements And Estimates [Abstract] | |
Critical accounting judgements and key sources of estimation uncertainty | Note 2: Critical accounting judgements and key sources of estimation uncertainty The preparation of the Group’s financial statements requires management to make judgements, estimates and assumptions that impact the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Due to the inherent uncertainty in making estimates, actual results reported in future periods may include amounts which differ from those estimates. Estimates, judgements and assumptions are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Group’s significant judgements, estimates and assumptions are unchanged compared to those applied at 31 December 2021, except as detailed below. Allowance for expected credit losses The Group recognises an allowance for expected credit losses (ECLs) for loans and advances to customers and banks, other financial assets held at amortised cost, financial assets measured at fair value through other comprehensive income and certain loan commitment and financial guarantee contracts. At 30 June 2022 the Group’s expected credit loss allowance was £4,064 million (31 December 2021: £4,000 million), of which £3,839 million (31 December 2021: £3,806 million) was in respect of drawn balances. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and key sources of estimation uncertainty (continued) The calculation of the Group’s expected credit loss allowances and provisions against loan commitments and guarantees under IFRS 9 requires the Group to make a number of judgements, assumptions and estimates. These are set out in detail in the Group’s financial statements for the year ended 31 December 2021. The principal changes made in the half-year to 30 June 2022 are as follows: Base case and MES economic assumptions The Group’s base case economic scenario has been revised in light of the ongoing war in Ukraine, intensifying global inflation pressures, and a continuing shift towards a more restrictive monetary policy stance by central banks. The Group’s updated base case scenario has two conditioning assumptions: first, no further UK COVID-19 national lockdowns are mandated; and, second, the war in Ukraine remains ‘local’, i.e. without overtly involving neighbouring countries, NATO or China. Based on these assumptions and incorporating the economic data published in the second quarter, the Group’s base case scenario is for a modest rise in the unemployment rate alongside an easing of residential and commercial property prices, as the UK Bank Rate continues to be raised in response to persistent inflationary pressures. Risks around this base case economic view lie in both directions, and are partly captured by the generation of alternative economic scenarios. 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 taken into account the latest available information at the reporting date in defining its base case scenario and generating alternative economic scenarios. The scenarios include forecasts for key variables in the second quarter of 2022, for which actuals may have since emerged prior to publication. The Group’s approach to generating alternative economic scenarios is set out in detail in its financial statements for the year ended 31 December 2021. For June 2022, the Group has judged it appropriate to include a non-modelled severe downside scenario to incorporate high CPI inflation and UK Bank Rate profiles and to adopt this adjusted severe downside scenario to calculate the Group's ECL. This is because the historic macroeconomic and loan loss data upon which the scenario model is calibrated imply an association of downside economic outcomes with easier monetary policy, and therefore low interest rates. The adjustment is considered to better reflect the risks around the Group’s base case view in an economic environment where supply shocks are the principal concern. Scenarios by year Key annual assumptions made by the Group are shown below. Gross domestic product and Consumer Price Index (CPI) inflation are 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. Unemployment rate and UK Bank Rate are averages for the period. For 31 December 2021, CPI numbers are translations of modelled Retail Price Index excluding mortgage interest payments (RPIX) estimates, except for the base case view. The key UK economic assumptions made by the Group averaged over a five-year period are also shown below. The use of calendar years maintains a comparability between tables disclosed, noting that comparatives reflect one calendar year earlier. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and key sources of estimation uncertainty (continued) At 30 June 2022 2022 2023 2024 2025 2026 2022 Upside Gross domestic product 3.5 1.2 1.8 1.7 1.7 2.0 Unemployment rate 3.1 2.7 2.9 3.2 3.4 3.1 House price growth 3.2 3.6 9.3 5.9 4.3 5.2 Commercial real estate price growth 9.2 1.8 0.9 (0.9) (0.2) 2.1 UK Bank Rate 1.64 3.12 2.97 2.88 2.78 2.68 CPI inflation 8.6 5.5 2.5 1.9 2.2 4.1 Base case Gross domestic product 3.3 0.6 1.5 1.6 1.7 1.7 Unemployment rate 3.8 4.2 4.4 4.5 4.5 4.3 House price growth 1.8 (1.4) 3.4 1.2 1.0 1.2 Commercial real estate price growth 1.8 (5.0) (1.6) (1.3) 0.8 (1.1) UK Bank Rate 1.44 2.25 2.00 2.00 2.00 1.94 CPI inflation 8.6 5.5 2.2 1.3 1.5 3.8 Downside Gross domestic product 3.0 (0.1) 1.1 1.4 1.7 1.4 Unemployment rate 4.5 6.0 6.3 6.1 5.9 5.8 House price growth (0.1) (7.6) (4.6) (5.1) (3.5) (4.2) Commercial real estate price growth (4.4) (11.9) (5.5) (3.6) (0.7) (5.3) UK Bank Rate 1.25 1.23 0.80 0.85 0.95 1.02 CPI inflation 8.7 5.5 1.8 0.6 0.7 3.5 Severe downside Gross domestic product 1.6 (1.8) 1.0 1.4 1.6 0.8 Unemployment rate 5.8 8.7 8.7 8.3 7.7 7.8 House price growth (1.6) (14.0) (12.3) (10.5) (6.4) (9.1) Commercial real estate price growth (14.9) (20.9) (11.0) (5.6) 1.0 (10.6) UK Bank Rate – modelled 0.76 0.18 0.18 0.21 0.24 0.31 UK Bank Rate – adjusted 2.94 4.75 3.00 2.25 2.25 3.04 CPI inflation – modelled 8.6 5.1 0.9 (0.5) (0.5) 2.7 CPI inflation – adjusted 9.8 13.7 4.1 1.7 0.1 5.9 Probability-weighted Gross domestic product 3.1 0.3 1.5 1.5 1.7 1.6 Unemployment rate 4.0 4.7 5.0 5.0 4.9 4.7 House price growth 1.3 (3.0) 1.2 (0.5) (0.1) (0.2) Commercial real estate price growth 0.5 (6.6) (3.0) (2.3) 0.1 (2.3) UK Bank Rate – modelled 1.37 2.00 1.75 1.74 1.75 1.72 UK Bank Rate – adjusted 1.59 2.46 2.03 1.94 1.95 1.99 CPI inflation – modelled 8.6 5.5 2.0 1.1 1.3 3.7 CPI inflation – adjusted 8.8 6.3 2.3 1.3 1.3 4.0 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and key sources of estimation uncertainty (continued) At 31 December 2021 2021 2022 2023 2024 2025 2021 Upside Gross domestic product 7.1 4.0 1.4 1.3 1.4 3.0 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 UK Bank Rate 0.14 1.44 1.74 1.82 2.03 1.43 CPI inflation 2.6 5.9 3.3 2.6 3.3 3.5 Base case Gross domestic product 7.1 3.7 1.5 1.3 1.3 2.9 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 UK Bank Rate 0.14 0.81 1.00 1.06 1.25 0.85 CPI inflation 2.6 5.9 3.0 1.6 2.0 3.0 Downside Gross domestic product 7.1 3.4 1.3 1.1 1.2 2.8 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) UK Bank Rate 0.14 0.45 0.52 0.55 0.69 0.47 CPI inflation 2.6 5.8 2.8 1.3 1.6 2.8 Severe downside Gross domestic product 6.8 0.9 0.4 1.0 1.4 2.1 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) UK Bank Rate 0.14 0.04 0.06 0.08 0.09 0.08 CPI inflation 2.6 5.8 2.3 0.5 0.9 2.4 Probability-weighted Gross domestic product 7.0 3.4 1.3 1.2 1.3 2.8 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 UK Bank Rate 0.14 0.82 0.99 1.04 1.20 0.83 CPI inflation 2.6 5.9 2.9 1.7 2.2 3.1 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and key sources of estimation uncertainty (continued) Base case scenario by quarter Key quarterly assumptions made by the Group in the base case scenario are shown below. Gross domestic product is presented quarter-on-quarter. House price growth, commercial real estate price growth and CPI inflation are presented year-on-year i.e from the equivalent quarter in the previous year. Unemployment rate and UK Bank Rate are presented as at the end of each quarter. At 30 June 2022 First Second Third Fourth First Second Third Fourth Gross domestic product 0.8 (0.4) 0.1 0.2 0.2 0.2 0.4 0.4 Unemployment rate 3.7 3.8 3.8 3.9 4.0 4.2 4.3 4.3 House price growth 11.1 10.5 6.8 1.8 (2.2) (4.1) (3.7) (1.4) Commercial real estate price growth 18.0 15.3 9.5 1.8 (4.3) (6.3) (5.3) (5.0) UK Bank Rate 0.75 1.25 1.75 2.00 2.25 2.25 2.25 2.25 CPI inflation 6.2 9.1 9.3 10.0 9.0 5.4 5.0 2.8 At 31 December 2021 First Second Third Fourth First Second Third Fourth Gross domestic product (1.3) 5.4 1.1 0.4 0.1 1.5 0.5 0.3 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) UK Bank Rate 0.10 0.10 0.10 0.25 0.50 0.75 1.00 1.00 CPI inflation 0.6 2.1 2.8 4.9 5.3 6.5 6.3 5.3 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and key sources of estimation uncertainty (continued) 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 £372 million compared to £221 million at 31 December 2021. At 30 June 2022 Probability- Upside Base case Downside Severe UK mortgages 837 462 610 980 2,213 Credit cards 629 546 597 686 804 Other Retail 997 949 981 1,029 1,093 Commercial Banking 1,383 1,194 1,286 1,451 2,040 Other 218 216 218 218 219 ECL allowance 4,064 3,367 3,692 4,364 6,369 At 31 December 2021 UK mortgages 837 637 723 967 1,386 Credit cards 521 442 500 569 672 Other Retail 908 844 892 947 1,034 Commercial Banking 1,316 1,182 1,246 1,384 1,728 Other 418 416 418 419 421 ECL allowance 4,000 3,521 3,779 4,286 5,241 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 and is assessed through the direct impact on modelled ECL only. The table below shows the impact on the Group’s ECL resulting from a 1 percentage point (pp) increase or decrease in the UK unemployment rate. The increase or decrease is presented based on the adjustment phased evenly over the first ten quarters of the base case scenario. An immediate increase or decrease would drive a more material ECL impact as it would be fully reflected in both 12-month and lifetime PDs. At 30 June 2022 At 31 December 2021 1pp increase in 1pp decrease in 1pp increase in 1pp decrease in UK mortgages 13 (11) 23 (18) Credit cards 22 (22) 20 (20) Other Retail 14 (13) 14 (14) Commercial Banking 53 (45) 49 (42) Other 1 (1) 1 (1) ECL impact 103 (92) 107 (95) NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and key sources of estimation uncertainty (continued) The table below shows the impact on the Group’s ECL in respect of UK mortgages resulting from 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 ten quarters of the base case scenario. The increased ECL sensitivity in the period has resulted from the change in definition of default and associated model changes. This has resulted in greater univariate sensitivity of predicted defaults and possession rates to future house price levels, alongside the direct impact on forecast sale values. At 30 June 2022 At 31 December 2021 10pp increase 10pp decrease 10pp increase 10pp decrease ECL impact, £m (137) 216 (112) 162 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 incrementally to 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 were put in place resulted in an economic environment which differed significantly from the historical economic conditions upon which the impairment models had been built. As a result there has been a greater need for management judgements to be applied alongside the use of models. Over the first half of 2022 the intensifying inflationary pressures within the Group’s outlook have created further risks not present in these historic conditions. Conversely, the direct impact of the pandemic on both economic and credit performance has appeared to reduce, resulting in a reduction in judgements required specifically to capture COVID-19 risks. At 30 June 2022 total management judgement resulted in additional ECL allowances of £796 million (31 December 2021: £1,278 million). 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. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and key sources of estimation uncertainty (continued) Judgements due to: At 30 June 2022 Modelled Individually COVID-19 1 £m Inflationary risk Other Total UK mortgages 565 — 39 — 233 837 Credit cards 528 — 18 91 (8) 629 Other Retail 856 — 16 63 62 997 Commercial Banking 390 911 15 116 (49) 1,383 Other 18 — 200 — — 218 Total 2,357 911 288 270 238 4,064 At 31 December 2021 UK mortgages 292 — 67 52 426 837 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 52 453 4,000 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. Except as noted below, the nature of the judgements is consistent with those applied by the Group in its financial statements for the year ended 31 December 2021. The 30 June 2022 allowance has been re-assessed based on latest economic outlook, data points and modelled result. Judgements due to COVID-19 UK mortgages: £39 million (31 December 2021: £67 million) These adjustments principally comprise: Increase in time to repossession: £39 million (31 December 2021: £52 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. The reduction in scale of the judgement reflects the lower sensitivity of the time between default and repossession following the change in definition of default to align with the CRD IV regulatory definition adopted from 1 January 2022. Credit cards: £18 million (31 December 2021: £94 million) and Other Retail: £16 million (31 December 2021: £57 million) These adjustments principally comprise: Recognition of support measures: Credit cards: £18 million (31 December 2021: £94 million) and Other Retail: £16 million (31 December 2021: £40 million) Government support and subdued levels of consumer spending were judged to contribute to a reduced flow of accounts into default. Adjustments to address reduced default rates have been largely released following convergence between actual and predicted levels, with predicted levels reducing as a consequence of an improved economic outturn. Default rates continue to be adjusted for Motor and Business Banking where defaults remain below predictions, or in the case of Business Banking, susceptible to the impact of Business Bounce Back Loans. The remaining adjustment on credit cards is to reverse the benefit of lower predicted exposures at default due to the current subdued levels of consumer spending. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and key sources of estimation uncertainty (continued) Commercial Banking: £15 million (31 December 2021: £155 million) These adjustments principally comprise: Adjustment to economic variables used as inputs to models: £21 million (31 December 2021: £88 million) Observed reductions in the rate of UK corporate insolvencies, used as an input to commercial default models, continue to require judgemental uplifts, to generate a more appropriate level of predicted defaults. With model outputs based on the lagged 12 months of observed insolvency data, management believe that the historically low levels of insolvencies seen during 2021 were impacted by the pandemic and still do not fully reflect the underlying credit risk, however the adjustment has reduced significantly as observed levels of insolvencies have started to normalise and arrears have remained low. Specific sector risks: £nil (31 December 2021: £80 million) Judgemental uplifts which previously applied a targeted stress on likelihood and severity of loss to sectors considered to be exposed to an elevated risk from COVID-19 have been released. This is because COVID-19 and potential social restrictions are no longer considered to pose an elevated risk to these industries. Wider economic risks have now been assessed separately with similar judgemental adjustments raised to reflect inflationary pressures. Other: £200 million (31 December 2021: £400 million) Central adjustment in respect of economic uncertainty 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. The base case represents the Group’s most likely view, however management believes that in the context of the pandemic, the possibility that the conditioning assumptions are invalidated remains 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 used judgement to determine a reasonable estimate of this additional downside risk, informed by several approaches. As at 30 June 2022, this adjustment has been reduced from £400 million to £200 million, reflecting the reduced risk seen through lower levels of mortality in the UK and globally, while continuing to recognise that the risk of a vaccine resistant mutation remains. Two further sub-variants of Omicron classed as variants of concern towards the end of May are now predominant in the UK and are causing a recent increase in infection and hospitalisations. The recent increase in COVID-19 infections demonstrates the need to retain some caution, however COVID-19 is no longer considered to pose the same level of elevated risk as at 31 December 2021. One approach used to quantify the amount of the central adjustment of £200 million (31 December 2021: £400 million) is to apply a 5 per cent re-weighting from the stated upside to the stated severe downside scenario, a reduced re-weight from 31 December 2021. Another approach is to apply a half of the impact of the stated univariate sensitivities of unemployment (1 percentage point increase) and HPI (10 percentage point decrease), still reflecting a more immediate and therefore greater ECL impact than the gradual increase reflected in those sensitivities. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and key sources of estimation uncertainty (continued) Judgements due to inflationary risk Credit cards: £91 million (31 December 2021: £nil) and Other Retail: £63 million (31 December 2021: £nil) Inflationary risk on Retail segments: Credit cards: £56 million (31 December 2021: £nil) and Other Retail: £33 million (31 December 2021: £nil) Although portfolio performance remains strong, and no deterioration in credit risk has been observed to date due to high inflation and a rising interest rate environment, management have made an adjustment for customers most vulnerable to inflationary pressures and interest rate rises which may impact the ability to maintain repayment commitments. Additional ECL has been raised for customers with lower income levels and higher indebtedness based on a higher estimated likelihood of default. Management will monitor customer performance over time to ensure that this adjustment remains reasonable and appropriate. Adjustment to affordability: Credit cards: £35 million (31 December 2021: £nil) and Other Retail: £30 million (31 December 2021: £nil) The Group’s ECL models for credit cards and personal loan portfolios use predictions of wage growth to account for future affordability stress. As rapidly increasing inflation is currently eroding assumed nominal wage growth, adjustments have been made to the econometric models to account for real, rather than nominal, income to produce adjusted expected default forecasts. Management believe that this is an appropriate way to account for the aggregate inflationary risk in these unsecured portfolios and will continue to monitor both actual economic and customer outcomes to ensure that this adjustment remains reasonable and appropriate. Commercial Banking: £116 million (31 December 2021: £nil) Sectors at risk: £116 million (31 December 2021: £nil) Management believe that new risks have emerged for certain sectors due to impacts from heightened inflationary pressures and rising interest rates beyond what is captured in the models. An adjustment of £116 million has been raised to increase ECL for specific commercial sectors deemed most susceptible to inflationary pressures. Management will continue to closely monitor all sectors of the economy and revise the sectors in scope of this judgement as risks and corporate borrower performance evolve. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and key sources of estimation uncertainty (continued) Other judgements UK mortgages: £233 million (31 December 2021: £426 million) These adjustments principally comprise: Long-term defaults: £115 million (31 December 2021: £87 million) The Group suspended mortgage litigation activity between late-2014 and mid-2018 as policy changes were implemented for the treatment of amounts in arrears, interrupting the natural flow of accounts to repossession. Provision coverage is uplifted to the equivalent levels of those accounts already in repossession on an estimated shortfall of balances expected to flow to possession. A further adjustment is made to accounts which have been in default for more than 24 months, with an arrears balance increase in the last 6 months. These accounts have their probability of possession set to 95 per cent based on observed historical losses incurred on accounts that were of an equivalent status. The increase in the judgement reflects a lower modelled coverage that requires a larger adjustment to reach the same levels. End-of-term interest-only: £28 million (31 December 2021: £174 million) The adoption of a definition of default in 2022 for UK mortgages that now includes interest-only accounts that become 90 days past due has removed the previous need to adjust for losses associated with interest-only accounts that have missed their final capital payment. A remaining smaller adjustment has been maintained to mitigate the risk that the model potentially understates the credit losses associated with interest-only accounts that have not yet reached maturity but could potentially miss their final capital payment when it falls due. Adjustment for specific segments: £50 million (31 December 2021: £54 million) The Group monitors risks across specific segments of its portfolios which may not be fully captured through wider collective models. Judgemental increases applied to probability of default on forborne accounts (31 December 2021: £18 million) have been removed as models now include forborne accounts in Stage 3 assets. There is negligible change to the judgement (31 December 2021: £36 million) for fire safety and cladding uncertainty. This captures risks within the assessment of affordability and asset valuations, not captured by underlying models. Credit cards: £(8) million (31 December 2021: £(9) million) and Other Retail: £62 million (31 December 2021: £50 million) These adjustments principally comprise: Lifetime extension on revolving products: Credit cards: £57 million (31 December 2021: £41 million) and Other Retail: £9 million (31 December 2021: £5 million) As per the Group’s financial statements for the year ended 31 December 2021, an adjustment is required to extend the lifetime used for Stage 2 exposures on Retail revolving products from a three year modelled lifetime, which reflected the outcome data available when the model was developed. Previously this was deemed to be six years by increasing default probabilities through the extrapolation of the default trajectory observed throughout the three years and beyond. During 2022, work was undertaken to reassess the expected lifetime for these assets, concluding in an extension of the expected lifetime from six to ten years, resulting in an increase to this adjustment. Adjustments to loss given defaults (LGDs): Credit cards: £(63) million (31 December 2021: £(37) million) and Other Retail: £45 million (31 December 2021: £26 million) A number of adjustments have been made to the loss given default assumptions used within unsecured and motor credit models. These include judgements held previously, notably in relation to the alignment of MBNA credit card cure rates as collection strategies harmonise. Alongside this, new adjustments have also been raised to capture recent improvements in observed cure rates offset by updates to recovery cost assumptions. These adjustments will be released once incorporated into models through future recalibration which is pending model development. Commercial Banking: £(49) million (31 December 2021: £(14) million) Adjustments to loss given defaults (LGDs): £(49) million (31 December 2021: £(14) million) The modelling approach for loss given default for commercial exposures has been reviewed and management believe that it is necessary to adjust ECL to mitigate limitations identified in the approach which are causing loss given default to be inflated. These include the benefit from amortisation of exposures relative to collateral values at default and a move to an exposure-weighted approach being adopted. The latter driving the increase in this judgement at 30 June 2022. These temporary adjustments will be addressed through future model development therefore removing the need to judgementally adjust. |
Segmental analysis
Segmental analysis | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure of operating segments [abstract] | |
Segmental analysis | Note 3: Segmental analysis The Group provides a wide range of banking and financial services in the UK and in certain locations overseas. The Group Executive Committee (GEC) of Lloyds Bank plc remains the chief operating decision maker for the Group. The Group’s activities are organised into two financial reporting segments: Retail and Commercial Banking. There has been no change to the descriptions of these segments as provided in note 4 to the Group’s financial statements for the year ended 31 December 2021, neither has there been any change to the Group’s segmental accounting for internal segment services or derivatives entered into by units for risk management purposes since 31 December 2021. In the half-year to 30 June 2022: • The Group has reviewed and updated its methodology for liquidity transfer pricing between segments • Certain customer relationships have been migrated from the SME business within Commercial Banking to Business Banking within Retail Comparatives have been presented on a consistent basis in respect of the above changes. Half-year to 30 June 2022 Retail Commercial Other Total Net interest income 4,819 1,109 161 6,089 Other income 956 347 660 1,963 Total income 5,775 1,456 821 8,052 Costs (3,024) (871) (510) (4,405) Impairment (charge) credit (314) (77) 27 (364) Profit before tax 2,437 508 338 3,283 External income 6,004 1,316 732 8,052 Inter-segment income (expense) (229) 140 89 — Segment income 5,775 1,456 821 8,052 Half-year to 30 June 2021 1 Retail Commercial Other Total Net interest income 4,392 930 54 5,376 Other income 830 377 724 1,931 Total income 5,222 1,307 778 7,307 Costs (2,963) (943) (658) (4,564) Impairment credit 89 585 3 677 Profit before tax 2,348 949 123 3,420 External income 5,721 1,280 306 7,307 Inter-segment income (expense) (499) 27 472 — Segment income 5,222 1,307 778 7,307 1 Restated, see page 45 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 3: Segmental analysis (continued) Segment Segment At 30 Jun 2022 £m At 31 Dec 2021 1 £m At 30 Jun 2022 £m At 31 Dec 2021 1 £m Retail 376,473 372,152 326,049 323,118 Commercial Banking 81,403 77,045 120,995 119,077 Other 168,447 153,652 138,564 119,882 Total 626,323 602,849 585,608 562,077 |
Net fee and commission income
Net fee and commission income | 6 Months Ended |
Jun. 30, 2022 | |
Net Fee And Commission Income [Abstract] | |
Net fee and commission income | Note 4: Net fee and commission income Half-year to 30 Jun 2022 £m Half-year to 30 Jun 2021 £m Fee and commission income: Current accounts 328 310 Credit and debit card fees 558 381 Commercial banking and treasury fees 117 167 Factoring 41 38 Other fees and commissions 136 174 Total fee and commission income 1,180 1,070 Fee and commission expense (532) (480) Net fee and commission income 648 590 Current account and credit and debit card fees principally arise in Retail; commercial banking, treasury and factoring fees arise in Commercial Banking. |
Operating expenses
Operating expenses | 6 Months Ended |
Jun. 30, 2022 | |
Operating Expenses [Abstract] | |
Operating expenses | Note 5: Operating expenses Half-year to 30 Jun 2022 £m Half-year to 30 Jun 2021 £m Staff costs 1,907 1,868 Premises and equipment costs 126 112 Other expenses 1,185 1,364 Depreciation and amortisation 1,187 1,220 Total operating expenses 4,405 4,564 |
Impairment
Impairment | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure of impairment loss and reversal of impairment loss [abstract] | |
Impairment | Note 6: Impairment Half-year to 30 Jun 2022 £m Half-year to 30 Jun 2021 £m Impact of transfers between stages 419 152 Other changes in credit quality 15 (473) Additions and repayments (76) (359) Methodology and model changes 2 3 Other items 4 — (55) (829) Total impairment charge (credit) 364 (677) In respect of: Loans and advances to banks 1 (3) Loans and advances to customers 329 (594) Debt securities 2 — Financial assets held at amortised cost 332 (597) Impairment charge (credit) on drawn balances 332 (597) Loan commitments and financial guarantees 32 (78) Financial assets at fair value through other comprehensive income — (2) Total impairment charge (credit) 364 (677) There was no charge in respect of in respect of residual value impairment and voluntary terminations within the Group’s UK Motor Finance business (half-year to 30 June 2021: release of £41 million). The Group’s impairment charge comprises the following: Impact of transfers between stages The net impact on the impairment charge of transfers between stages. Other changes in credit quality Changes in loss allowance as a result of movements in risk parameters that reflect changes in customer credit quality, but which have not resulted in a transfer to a different stage. This also contains the impact on the impairment charge of write-offs and recoveries, where the related loss allowances are reassessed to reflect the view of credit quality at the balance sheet date and therefore the ultimate realisable or recoverable value. Additions 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 repayment of outstanding balances that have been provided against. Methodology and model changes Increase or decrease in impairment charge as a result of adjustments to the models used for expected credit loss calculations; either as changes to the model inputs or to the underlying assumptions, as well as the impact of changing the models used. |
Tax expense
Tax expense | 6 Months Ended |
Jun. 30, 2022 | |
Income taxes paid (refund) [abstract] | |
Tax expense | Note 7: Tax expense In accordance with IAS 34, the Group’s income tax expense for the half-year to 30 June 2022 is based on the best estimate of the weighted-average annual income tax rate expected for the full financial year. The tax effects of one-off items are not included in the weighted-average annual income tax rate, but are recognised in the relevant period. An explanation of the relationship between tax (expense) credit and accounting profit is set out below: Half-year to 30 Jun 2022 £m Half-year to 30 Jun 2021 £m Profit before tax 3,283 3,420 UK corporation tax thereon at 19 per cent (2021: 19 per cent) (624) (650) Impact of surcharge on banking profits (168) (212) Non-deductible costs: conduct charges (4) (7) Other non-deductible costs (3) (40) Non-taxable income 35 12 Tax relief on coupons on other equity instruments — 39 Tax-exempt gains on disposals — 2 Tax losses where no deferred tax recognised (4) (5) Remeasurement of deferred tax due to rate changes (16) 1,189 Differences in overseas tax rates (44) (19) Adjustments in respect of prior years (14) (21) Tax (expense) credit (842) 288 |
Financial assets at fair value
Financial assets at fair value through profit or loss | 6 Months Ended |
Jun. 30, 2022 | |
Financial assets at fair value through profit or loss [abstract] | |
Financial assets at fair value through profit or loss | Note 8: Financial assets at fair value through profit or loss At 30 Jun 2022 £m At 31 Dec 2021 £m Financial assets mandatorily at fair value through profit or loss: Loans and advances to customers 1,188 1,559 Equity shares 241 239 1,429 1,798 Total financial assets at fair value through profit or loss 1,429 1,798 |
Financial assets at amortised c
Financial assets at amortised cost | 6 Months Ended |
Jun. 30, 2022 | |
Financial Assets At Amortised Cost [Abstract] | |
Financial assets at amortised cost | Note 9: Financial assets at amortised cost Half-year to 30 June 2022 Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Loans and advances to banks At 1 January 2022 4,478 — — — 4,478 — — — — — Exchange and other adjustments 383 — — — 383 — — — — — Other changes in credit quality 1 — — 1 Additions and repayments 801 — — — 801 — — — — — Charge to the income statement 1 — — — 1 At 30 June 2022 5,662 — — — 5,662 1 — — — 1 Allowance for impairment losses (1) — — — (1) Net carrying amount 5,661 — — — 5,661 Loans and advances to customers At 1 January 2022 382,366 34,884 6,406 10,977 434,633 909 1,112 1,573 210 3,804 Exchange and other adjustments 1 (953) 11 (21) 30 (933) 1 — 21 53 75 Transfers to Stage 1 8,511 (8,472) (39) — 173 (166) (7) — Transfers to Stage 2 (21,699) 21,981 (282) — (46) 101 (55) — Transfers to Stage 3 (579) (2,279) 2,858 — (2) (74) 76 — Impact of transfers between stages (13,767) 11,230 2,537 — (129) 352 178 401 (4) 213 192 401 Other changes in credit quality (173) (19) 206 (8) 6 Additions and repayments 8,873 (2,317) (507) (573) 5,476 32 (33) (67) (12) (80) Methodology and model changes (2) (19) 45 (22) 2 Charge (credit) to the income statement (147) 142 376 (42) 329 Advances written off (426) (19) (445) (426) (19) (445) Recoveries of advances written off in previous years 71 — 71 71 — 71 At 30 June 2022 376,519 43,808 8,060 10,415 438,802 763 1,254 1,615 202 3,834 Allowance for impairment losses (763) (1,254) (1,615) (202) (3,834) Net carrying amount 375,756 42,554 6,445 10,213 434,968 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. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 9: Financial assets at amortised cost (continued) Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Reverse repurchase agreements At 30 June 2022 52,057 — — — 52,057 Allowance for impairment losses — — — — — Net carrying amount 52,057 — — — 52,057 Debt securities At 1 January 2022 4,554 9 1 — 4,564 1 — 1 — 2 Exchange and other adjustments 175 — — — 175 — — — — — Transfers to Stage 1 9 (9) — — — — — — Impact of transfers between stages 9 (9) — — — — — — — — — — Other changes in credit quality 1 — — — 1 Additions and repayments 1,666 — — — 1,666 1 — — — 1 Charge to the income statement 2 — — — 2 At 30 June 2022 6,404 1 — 6,405 3 — 1 — 4 Allowance for impairment losses (3) — (1) — (4) Net carrying amount 6,401 — — — 6,401 Due from fellow Lloyds Banking Group undertakings At 30 June 2022 714 — — — 714 Allowance for impairment losses — — — — — Net carrying amount 714 — — — 714 Total financial assets at amortised cost 440,589 42,554 6,445 10,213 499,801 The total allowance for impairment losses includes £94 million (31 December 2021: £95 million) in respect of residual value impairment and voluntary terminations within the Group’s UK Motor Finance business. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 9: Financial assets at amortised cost (continued) Movements in allowance for expected credit losses in respect of undrawn balances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Undrawn balances At 1 January 2022 103 86 5 — 194 Exchange and other adjustments (1) 1 (1) — (1) Transfers to Stage 1 23 (23) — — Transfers to Stage 2 (5) 5 — — Transfers to Stage 3 — (2) 2 — Impact of transfers between stages (18) 37 (1) 18 — 17 1 18 Other items taken to the income statement 12 3 (1) — 14 Charge to the income statement 12 20 — — 32 At 30 June 2022 114 107 4 — 225 The Group's total impairment allowances at 30 June 2022 were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total In respect of: Loans and advances to banks 1 — — — 1 Loans and advances to customers 763 1,254 1,615 202 3,834 Debt securities 3 — 1 — 4 Financial assets at amortised cost 767 1,254 1,616 202 3,839 Provisions in relation to loan commitments and financial guarantees 114 107 4 — 225 Total 881 1,361 1,620 202 4,064 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) 3 — — — 3 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 9: Financial assets at amortised cost (continued) 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 Loans and advances to banks At 1 January 2021 4,328 — — — 4,328 4 — — — 4 Exchange and other adjustments 15 — — — 15 — — — — — Additions and repayments 135 — — — 135 (1) — — — (1) Other changes in credit quality (3) — — — (3) Credit to the income statement (4) — — — (4) At 31 December 2021 4,478 — — — 4,478 — — — — — Allowance for impairment losses — — — — — Net carrying amount 4,478 — — — 4,478 Loans and advances to customers At 1 January 2021 361,161 51,280 6,443 12,511 431,395 1,347 2,125 1,968 261 5,701 Exchange and other adjustments 1 (2,518) (31) (82) 68 (2,563) (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 17,928 (8,633) (994) (1,565) 6,736 (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 382,366 34,884 6,406 10,977 434,633 909 1,112 1,573 210 3,804 Allowance for impairment losses (909) (1,112) (1,573) (210) (3,804) Net carrying amount 381,457 33,772 4,833 10,767 430,829 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. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 9: Financial assets at amortised cost (continued) Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Reverse repurchase agreements At 31 December 2021 49,708 — — — 49,708 Allowance for impairment losses — — — — — Net carrying amount 49,708 — — — 49,708 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) — — — — — 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 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 9: Financial assets at amortised cost (continued) Movements in allowance for expected credit losses in respect of undrawn balances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total 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 taken 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 at 31 December 2021 were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total In respect of: Loans and advances to banks — — — — — Loans and advances to customers 909 1,112 1,573 210 3,804 Debt securities 1 — 1 — 2 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 The movement tables are compiled by comparing the position at the reporting date to that at the beginning of the year. Transfers between stages are deemed to have taken place at the start of the reporting period, with all other movements shown in the stage in which the asset is held at the period end, with the exception of those held within purchased or originated credit-impaired, which are not transferable. Additions 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. Loans and advances to customers include advances securitised under the Group's securitisation and covered bond programmes (see note 10). |
Debt securities in issue
Debt securities in issue | 6 Months Ended |
Jun. 30, 2022 | |
Debt Securities In Issue [Abstract] | |
Debt securities in issue | Note 10: Debt securities in issue At 30 June 2022 At 31 December 2021 At At Total At At Total Medium-term notes issued 5,614 24,507 30,121 6,504 23,820 30,324 Covered bonds — 15,280 15,280 — 17,407 17,407 Certificates of deposit — 2,027 2,027 — 290 290 Securitisation notes 29 3,574 3,603 33 3,672 3,705 Commercial paper — 7,835 7,835 — 3,535 3,535 5,643 53,223 58,866 6,537 48,724 55,261 The notes issued by the Group’s securitisation and covered bond programmes are held by external parties and by subsidiaries of the Group. Securitisation programmes At 30 June 2022, external parties held £3,603 million (31 December 2021: £3,705 million) of the Group's securitisation notes in issue; these notes, together with those held internally, are secured on loans and advances to customers and debt securities held at amortised cost amounting to £30,134 million (31 December 2021: £30,965 million), the majority of which have been sold by subsidiary companies to bankruptcy remote structured entities. The structured entities are consolidated fully and all of these loans are retained on the Group's balance sheet. Covered bond programmes At 30 June 2022, external parties held £15,280 million (31 December 2021: £17,407 million) of the Group's covered bonds in issue; these bonds, together with those held internally, are secured on certain loans and advances to customers amounting to £31,345 million (31 December 2021: £36,729 million) that have been assigned to bankruptcy remote limited liability partnerships. These loans are retained on the Group's balance sheet. Cash deposits of £3,936 million (31 December 2021: £3,455 million) which support the debt securities issued by the structured entities, the term advances related to covered bonds and other legal obligations are held by the Group. |
Retirement benefit obligations
Retirement benefit obligations | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure of defined benefit plans [abstract] | |
Retirement benefit obligations | Note 11: Retirement benefit obligations The Group’s post-retirement defined benefit scheme obligations are comprised as follows: At 30 Jun 2022 £m At 31 Dec 2021 £m Defined benefit pension schemes: Fair value of scheme assets 39,365 51,534 Present value of funded obligations (33,992) (47,130) Net pension scheme asset 5,373 4,404 Other post-retirement schemes (87) (103) Net retirement benefit asset 5,286 4,301 Recognised on the balance sheet as: Retirement benefit assets 5,473 4,531 Retirement benefit obligations (187) (230) Net retirement benefit asset 5,286 4,301 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 11: Retirement benefit obligations (continued) Movements in the Group’s net post-retirement defined benefit scheme asset during the period were as follows: £m Asset at 1 January 2022 4,301 Income statement charge (68) Employer contributions 1,434 Remeasurement (382) Exchange and other adjustments 1 Asset at 30 June 2022 5,286 The principal assumptions used in the valuations of the defined benefit pension schemes were as follows: At 30 Jun 2022 % At 31 Dec 2021 % Discount rate 3.80 1.94 Rate of inflation: Retail Price Index 3.10 3.21 Consumer Price Index 2.77 2.92 Rate of salary increases 0.00 0.00 Weighted-average rate of increase for pensions in payment 2.82 2.88 |
Other provisions
Other provisions | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure of other provisions [abstract] | |
Provisions | Note 12: Other provisions Provisions Regulatory Other Total At 1 January 2022 194 1,054 685 1,933 Exchange and other adjustments (1) — 69 68 Provisions applied — (225) (153) (378) Charge for the period 32 58 60 150 At 30 June 2022 225 887 661 1,773 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 half-year to 30 June 2022 the Group charged a further £58 million in respect of legal actions and other regulatory matters. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 12: Other provisions (continued) The unutilised balance at 30 June 2022 was £887 million (31 December 2021: £1,054 million). The most significant items are as follows: HBOS Reading – review The Group continues to apply 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 charged a further £790 million in the year ended 31 December 2021, of which £600 million was recognised in the fourth quarter. This included operational costs in relation to Dame Linda Dobbs's 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 related 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. Following the provision taken for the independent review of compensation for customers of HBOS Reading, the Lloyds Banking Group's Remuneration Committee has undertaken its review of whether performance adjustments are required in light of the shortcomings identified by Sir Ross Cranston in relation to the original review of customer compensation overseen by Professor Griggs. Taking into account prior actions taken, including the voluntary withdrawal of the former Group Chief Executive and former Chief Operating Officer from the 2019 GPS awards as a result of the overall performance of the Group and the issues faced during 2019, including publication of the Cranston report, the Remuneration Committee has determined that the Group’s performance adjustment requirements have been met in respect of the Executive Directors in office at the relevant time. In June 2022 the Foskett Panel announced an alternative option, in the form of a fixed sum award, which could be accepted as an alternative to participation in the full re-review process, to support earlier resolution of claims for those deemed by the Foskett Panel to be victims of the fraud. The estimated awards provision recognised at 31 December 2021 remains the Group’s best estimate of the cost to conclude the process. With the alternative process only recently commenced and no experience of overall participation, alongside previously stated existing uncertainties, there is a risk that 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 incurred costs for PPI 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. In addition to the above, 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. PPI litigation remains inherently uncertain, with a number of key court judgments due to be delivered in the second half of 2022. |
Related party transactions
Related party transactions | 6 Months Ended |
Jun. 30, 2022 | |
Related party transactions [abstract] | |
Related party transactions | Note 13: Related party transactions Balances and transactions with fellow Lloyds Banking Group undertakings The Bank and its subsidiaries have balances due to and from the Bank’s parent company, Lloyds Banking Group plc, and fellow Group undertakings. These are included on the balance sheet as follows: At 30 Jun 2022 £m At 31 Dec 2021 £m Assets, included within: Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings 714 739 Derivative financial instruments 1,036 634 1,750 1,373 Liabilities, included within: Due to fellow Lloyds Banking Group undertakings 1,658 1,490 Derivative financial instruments 1,122 939 Debt securities in issue 19,039 17,961 Subordinated liabilities 5,588 5,176 27,407 25,566 During the half-year to 30 June 2022 the Group earned £3 million (half-year to 30 June 2021: £3 million) of interest income and incurred £270 million (half-year to 30 June 2021: £242 million) of interest expense on balances and transactions with Lloyds Banking Group plc and fellow Group undertakings. Other related party transactions Other related party transactions for the half-year to 30 June 2022 are similar in nature to those for the year ended 31 December 2021. |
Contingent liabilities, commitm
Contingent liabilities, commitments and guarantees | 6 Months Ended |
Jun. 30, 2022 | |
Contingent Liabilities, Commitments And Guarantees [Abstract] | |
Contingent liabilities, commitments and guarantees | Note 14: 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 or threatened 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 or on behalf of retailers against both Visa and Mastercard 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 certain 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 Lloyds Banking Group received Visa preference shares as part of the consideration for the sale of its shares in Visa Europe. A release assessment is carried out by Visa on certain anniversaries of the sale (in line with the Visa Europe sale documentation) and as a result, some Visa preference shares may be converted into Visa Inc Class A common stock. Any such release and any subsequent sale of Visa common stock does not impact the contingent liability. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 14: Contingent liabilities, commitments and guarantees (continued) LIBOR and other trading rates Certain 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 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 claims against the 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 Group of any private lawsuits or any related challenges to the interpretation or validity of any of the Group’s contractual arrangements, including their timing and scale. As such, it is not practicable to provide an estimate of any potential financial effect. Tax authorities The Group has an open matter in relation to a claim for group relief of losses incurred in its former Irish banking subsidiary, which ceased trading on 31 December 2010. In 2013, HMRC informed the Group that its interpretation of the UK rules means that the group relief is not available. In 2020, HMRC concluded their enquiry into the matter and issued a closure notice. The Group's interpretation of the UK rules has not changed and hence it has appealed to the First Tier Tax Tribunal, with a hearing expected in 2023. 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 £750 million (including interest) and a reduction in the Group’s deferred tax asset of approximately £305 million. The Group, having taken appropriate advice, does not consider that this is a case where additional tax will ultimately fall due. There are a number of other open matters on which the Group is in discussions with HMRC (including the tax treatment of certain costs arising from the divestment of TSB Banking Group plc), none of which is expected to have a material impact on the financial position of the Group. Other legal actions and regulatory matters In addition, during the ordinary course of business the Group is subject to other complaints and threatened or actual legal proceedings (including class or group action claims) brought by or on behalf of current or former employees, customers, investors or other third parties, as well as legal and regulatory reviews, challenges, investigations and enforcement actions, 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 12. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 14: Contingent liabilities, commitments and guarantees (continued) Contingent liabilities, commitments and guarantees arising from the banking business At 30 Jun 2022 £m At 31 Dec 2021 £m Contingent liabilities Acceptances and endorsements 415 21 Other: Other items serving as direct credit substitutes 559 433 Performance bonds, including letters of credit, and other transaction-related contingencies 1,961 1,886 2,520 2,319 Total contingent liabilities 2,935 2,340 Commitments and guarantees Forward asset purchases and forward deposits placed 75 60 Undrawn formal standby facilities, credit lines and other commitments to lend: Less than 1 year original maturity: Mortgage offers made 20,002 17,757 Other commitments and guarantees 78,256 79,830 98,258 97,587 1 year or over original maturity 29,617 30,037 Total commitments and guarantees 127,950 127,684 Of the amounts shown above in respect of undrawn formal standby facilities, credit lines and other commitments to lend, £57,585 million (31 December 2021: £55,690 million) was irrevocable. |
Fair values of financial assets
Fair values of financial assets and liabilities | 6 Months Ended |
Jun. 30, 2022 | |
Fair Values Of Financial Assets And Liabilities [Abstract] | |
Fair values of financial assets and liabilities | Note 15: Fair values of financial assets and liabilities The valuations of financial instruments have been classified into three levels according to the quality and reliability of information used to determine those fair values. Note 41 to the Group’s financial statements for the year ended 31 December 2021 details the definitions of the three levels in the fair value hierarchy. Valuation control framework Key elements of the valuation control framework, which covers processes for all levels in the fair value hierarchy including level 3 portfolios, include model validation (incorporating pre-trade and post-trade testing), product implementation review and independent price verification. Formal committees meet quarterly to discuss and approve valuations in more judgemental areas. Transfers into and out of level 3 portfolios Transfers out of level 3 portfolios arise when inputs that could have a significant impact on the instrument’s valuation become market observable; conversely, transfers into the portfolios arise when sources of data cease to be observable. Valuation methodology For level 2 and level 3 portfolios, there is no significant change to the valuation methodology (techniques and inputs) disclosed in the Group’s financial statements for the year ended 31 December 2021 applied to these portfolios. The table below summarises the carrying values of financial assets and liabilities measured at amortised cost in the Group’s consolidated balance sheet. The fair values presented in the table are at a specific date and may be significantly different from the amounts which will actually be paid or received on the maturity or settlement date. At 30 June 2022 At 31 December 2021 Carrying Fair Carrying Fair Financial assets Loans and advances to banks 5,661 5,661 4,478 4,478 Loans and advances to customers 434,968 438,255 430,829 434,280 Reverse repurchase agreements 52,057 52,057 49,708 49,708 Debt securities 6,401 6,286 4,562 4,615 Due from fellow Lloyds Banking Group undertakings 714 714 739 739 Financial assets at amortised cost 499,801 502,973 490,316 493,820 Financial liabilities Deposits from banks 4,034 4,036 3,363 3,364 Customer deposits 450,928 450,940 449,373 449,455 Repurchase agreements at amortised cost 48,153 48,153 30,106 30,106 Due to fellow Lloyds Banking Group undertakings 1,658 1,658 1,490 1,490 Debt securities in issue 53,223 53,378 48,724 50,683 Subordinated liabilities 6,515 6,921 8,658 9,363 Financial instruments classified as financial assets at fair value through profit or loss, derivative financial instruments, financial assets at fair value through other comprehensive income and financial liabilities at fair value through profit or loss are recognised at fair value. The carrying amount of the following financial instruments is a reasonable approximation of fair value: cash and balances at central banks, items in the course of collection from banks, items in course of transmission to banks and notes in circulation. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 15: Fair values of financial assets and liabilities (continued) The Group manages valuation adjustments for its derivative exposures on a net basis; the Group determines their fair values on the basis of their net exposures. In all other cases, fair values of financial assets and liabilities measured at fair value are determined on the basis of their gross exposures. The following tables provide an analysis of the financial assets and liabilities of the Group that are carried at fair value in the Group’s consolidated balance sheet, grouped into levels 1 to 3 based on the degree to which the fair value is observable. There were no significant transfers between level 1 and level 2 during the period. Financial assets Level 1 Level 2 Level 3 Total At 30 June 2022 Financial assets at fair value through profit or loss: Loans and advances to customers — 827 361 1,188 Equity shares 237 — 4 241 Total financial assets at fair value through profit or loss 237 827 365 1,429 Financial assets at fair value through other comprehensive income: Debt securities 10,933 13,041 54 24,028 Equity shares — — 1 1 Total financial assets at fair value through other comprehensive income 10,933 13,041 55 24,029 Derivative financial instruments — 5,041 1 5,042 Total financial assets carried at fair value 11,170 18,909 421 30,500 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 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 Derivative financial instruments — 5,495 16 5,511 Total financial assets carried at fair value 15,474 19,150 471 35,095 Financial liabilities Level 1 Level 2 Level 3 Total At 30 June 2022 Financial liabilities at fair value through profit or loss — 5,614 29 5,643 Derivative financial instruments — 5,314 174 5,488 Total financial liabilities carried at fair value — 10,928 203 11,131 At 31 December 2021 Financial liabilities at fair value through profit or loss — 6,504 33 6,537 Derivative financial instruments — 4,436 207 4,643 Total financial liabilities carried at fair value — 10,940 240 11,180 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 15: Fair values of financial assets and liabilities (continued) Movements in level 3 portfolio The tables below analyse movements in the level 3 financial assets portfolio. Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income Derivative assets Total financial assets carried at fair value At 1 January 2022 399 56 16 471 Exchange and other adjustments — 1 — 1 Losses recognised in the income statement within other income (4) — (3) (7) Losses 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 — — — — Sales/repayments of customer loans (30) (2) — (32) Transfers into the level 3 portfolio — — — — Transfers out of the level 3 portfolio — — (12) (12) At 30 June 2022 365 55 1 421 Losses recognised in the income statement, within other income, relating to the change in fair value of those assets held at 30 June 2022 (5) — — (5) At 1 January 2021 1,511 65 14 1,590 Exchange and other adjustments (15) (3) — (18) Losses recognised in the income statement within other income (49) — (2) (51) Losses recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income — (4) — (4) Purchases/increases to customer loans 18 — — 18 Sales/repayments of customer loans (374) (2) — (376) Transfers into the level 3 portfolio 4 — — 4 Transfers out of the level 3 portfolio (653) — — (653) At 30 June 2021 442 56 12 510 Losses recognised in the income statement, within other income, relating to the change in fair value of those assets held at 30 June 2021 (60) — (2) (62) NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 15: Fair values of financial assets and liabilities (continued) The tables below analyse movements in the level 3 financial liabilities portfolio. Financial Derivative liabilities Total At 1 January 2022 33 207 240 Gains recognised in the income statement within other income (2) (22) (24) Redemptions (2) (11) (13) At 30 June 2022 29 174 203 Gains recognised in the income statement, within other income, relating to the change in fair value of those liabilities held at 30 June 2022 (2) (5) (7) At 1 January 2021 45 319 364 Gains recognised in the income statement within other income (2) (55) (57) Redemptions (5) (19) (24) At 30 June 2021 38 245 283 Gains recognised in the income statement, within other income, relating to the change in fair value of those liabilities held at 30 June 2021 — — — The tables below set out the effects of reasonably possible alternative assumptions for categories of level 3 financial assets and financial liabilities. Effect of reasonably possible alternative assumptions 1 At 30 June 2022 Valuation Significant unobservable inputs 2 Carrying value Favourable changes Unfavourable Financial assets at fair value through profit or loss Loans and advances to customers Discounted cash flows Interest rate spreads (+/- 50bps) 361 29 (27) Other 4 365 Financial assets at fair value through other comprehensive income 55 Derivative financial assets 1 Level 3 financial assets carried at fair value 421 Financial liabilities at fair value through profit or loss 29 Derivative financial liabilities Interest rate derivatives Option pricing model Interest rate volatility (11%/147%) 3 Shared appreciation rights Market values – property valuation HPI (+/- 1%) 171 174 Level 3 financial liabilities carried at fair value 203 1 Where the exposure to an unobservable input is managed on a net basis, only the net impact is shown in the table. 2 Ranges are shown where appropriate and represent the highest and lowest inputs used in the level 3 valuations. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 15: Fair values of financial assets and liabilities (continued) Effect of reasonably possible alternative assumptions 1 At 31 December 2021 Valuation Significant unobservable inputs 2 Carrying value Favourable changes Unfavourable changes Financial assets at fair value through profit or loss Loans and advances to customers Discounted cash flows Interest rate spreads (+/- 50bps) 395 32 (30) Other 4 399 Financial assets at fair value through other comprehensive income 56 Derivative financial assets 16 Level 3 financial assets carried at fair value 471 Financial liabilities at fair value through profit or loss 33 Derivative financial liabilities Interest rate derivatives Option pricing model Interest rate volatility (13%/168%) 31 Shared appreciation rights Market values – property valuation HPI (+/- 1%) 176 207 Level 3 financial liabilities carried at fair value 240 1 Where the exposure to an unobservable input is managed on a net basis, only the net impact is shown in the table. 2 Ranges are shown where appropriate and represent the highest and lowest inputs used in the level 3 valuations. Unobservable inputs Significant unobservable inputs affecting the valuation of debt securities, unlisted equity investments and derivatives are unchanged from those described in the Group’s financial statements for the year ended 31 December 2021. Reasonably possible alternative assumptions |
Interest rate benchmark reform
Interest rate benchmark reform | 6 Months Ended |
Jun. 30, 2022 | |
Interest Rate Benchmark Reform [Abstract] | |
Interest Rate Benchmark Reform | Note 16: Interest rate benchmark reform During 2022, the Group continues to manage the transition to alternative benchmark rates under its Group-wide IBOR transition programme. During 2021, the Group transitioned substantially all of its non-US Dollar LIBOR products and continues to work with customers to transition a small number of remaining contracts that either have yet to transition or have defaulted to the relevant synthetic LIBOR benchmark in the interim. US Dollar LIBOR transition is expected to take place in the next year as these settings are expected to cease immediately after 30 June 2023. The majority of the Group’s exposures are expected to transition through industry-led transition programmes managed by the London Clearing House or through the International Swaps and Derivatives Association (ISDA) protocol. Other contracts (primarily loans) maturing after June 2023 will be managed through the Group’s existing processes, either transitioning to an alternative benchmark rate or allowed to fallback under existing contract protocols or through US legislation. At 30 June 2022, the Group had the following significant exposures impacted by interest rate benchmark reform which have yet to transition to the replacement benchmark rate: At 30 June 2022 Sterling US Dollar Other 1 £m Total Non-derivative financial assets Financial assets at fair value through profit or loss — — — — Loans and advances to banks — 1,586 — 1,586 Loans and advances to customers 886 1,275 5 2,166 Financial assets at amortised cost 886 2,861 5 3,752 886 2,861 5 3,752 Non-derivative financial liabilities Financial liabilities at fair value through profit or loss — 103 — 103 Debt securities in issue — 3,888 321 4,209 — 3,991 321 4,312 Derivative notional/contract amount Interest rate 1,411 118,296 796 120,503 Cross currency — 19,997 958 20,955 1,411 138,293 1,754 141,458 1 Balances within Other include Canadian Dollar Offered Rate for which a cessation announcement, effective after 28 June 2024, was published on 16 May 2022. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 16: Interest rate benchmark reform (continued) At 31 December 2021 Sterling LIBOR US Dollar LIBOR Other Total Non-derivative financial assets Financial assets at fair value through profit or loss 131 172 — 303 Loans and advances to banks — 3,252 — 3,252 Loans and advances to customers 3,419 2,549 — 5,968 Financial assets at amortised cost 3,419 5,801 — 9,220 3,550 5,973 — 9,523 Non-derivative financial liabilities Financial liabilities at fair value through profit or loss — 100 3 103 Debt securities in issue 1 — 3,548 26 3,574 — 3,648 29 3,677 Derivative notional/contract amount Interest rate 4,271 120,797 — 125,068 Cross currency — 22,663 — 22,663 4,271 143,460 — 147,731 1 Includes capital related issuances of £3,494 million held by Lloyds Banking Group plc. As at 30 June 2022, the LIBOR balances in the above table relate to contracts that have not transitioned to an alternative benchmark rate. In the case of Sterling LIBOR, this includes contracts that will have both cash flows and valuations determined on a synthetic LIBOR basis during 2022 as well as contracts referencing panel bank LIBOR that have not yet had an interest rate reset in 2022. Of the £138,293 million of USD derivative notional balances as at 30 June 2022, £36,277 million relate to contracts with their final LIBOR fixing prior to LIBOR cessation and £80,137 million relate to contracts settled through the London Clearing House. Of the remaining £21,879 million, £21,780 million are fallback-eligible. By 31 December 2021, the Group had transitioned its Sterling, Euro, Japanese Yen and Swiss Franc LIBOR hedge accounting models to risk-free rates. The Group plans to complete the transition of its USD LIBOR hedge accounting models ahead of the 30 June 2023 cessation date. |
Credit quality of loans and adv
Credit quality of loans and advances to banks and customers | 6 Months Ended |
Jun. 30, 2022 | |
Credit Quality Of Loans And Advances To Banks And Customers [Abstract] | |
Credit quality of loans and advances to banks and customers | Note 17: Credit quality of loans and advances to banks and customers Gross drawn exposures and expected credit loss allowance Drawn exposures Expected credit loss allowance At 30 June 2022 Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Loans and advances to banks: CMS 1-10 5,659 — — — 5,659 1 — — — 1 CMS 11-14 3 — — — 3 — — — — — CMS 15-18 — — — — — — — — — — CMS 19 — — — — — — — — — — CMS 20-23 — — — — — — — — — — 5,662 — — — 5,662 1 — — — 1 Loans and advances to customers: Retail - UK mortgages RMS 1-6 266,547 25,096 — — 291,643 44 205 — — 249 RMS 7-9 1 2,499 — — 2,500 — 50 — — 50 RMS 10 — 786 — — 786 — 20 — — 20 RMS 11-13 — 1,725 — — 1,725 — 62 — — 62 RMS 14 — — 3,424 10,415 13,839 — — 254 202 456 266,548 30,106 3,424 10,415 310,493 44 337 254 202 837 Retail - credit cards RMS 1-6 11,572 1,156 — — 12,728 83 59 — — 142 RMS 7-9 912 750 — — 1,662 34 107 — — 141 RMS 10 — 123 — — 123 — 31 — — 31 RMS 11-13 — 260 — — 260 — 114 — — 114 RMS 14 — — 280 — 280 — — 111 — 111 12,484 2,289 280 — 15,053 117 311 111 — 539 Retail - loans and overdrafts RMS 1-6 7,317 337 — — 7,654 90 21 — — 111 RMS 7-9 1,306 385 — — 1,691 56 54 — — 110 RMS 10 32 116 — — 148 3 27 — — 30 RMS 11-13 11 306 — — 317 1 116 — — 117 RMS 14 — — 256 — 256 — — 135 — 135 8,666 1,144 256 — 10,066 150 218 135 — 503 Retail - UK Motor Finance RMS 1-6 11,864 1,204 — — 13,068 99 22 — — 121 RMS 7-9 610 366 — — 976 5 14 — — 19 RMS 10 — 86 — — 86 — 9 — — 9 RMS 11-13 2 176 — — 178 — 35 — — 35 RMS 14 — — 179 — 179 — — 105 — 105 12,476 1,832 179 — 14,487 104 80 105 — 289 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 17: Credit quality of loans and advances to banks and customers (continued) Gross drawn exposures and expected credit loss allowance (continued) Drawn exposures Expected credit loss allowance At 30 June 2022 Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Retail - other RMS 1-6 15,673 1,085 — — 16,758 15 12 — — 27 RMS 7-9 899 725 — — 1,624 12 12 — — 24 RMS 10 — 2 — — 2 — — — — — RMS 11-13 117 593 — — 710 — 34 — — 34 RMS 14 — — 1,280 — 1,280 — — 54 — 54 16,689 2,405 1,280 — 20,374 27 58 54 — 139 Total Retail 316,863 37,776 5,419 10,415 370,473 442 1,004 659 202 2,307 Commercial Banking CMS 1-10 29,433 608 — — 30,041 20 11 — — 31 CMS 11-14 30,339 2,332 — — 32,671 85 54 — — 139 CMS 15-18 1,013 2,857 — — 3,870 11 167 — — 178 CMS 19 — 204 — — 204 — 18 — — 18 CMS 20-23 — — 2,586 — 2,586 — — 948 — 948 60,785 6,001 2,586 — 69,372 116 250 948 — 1,314 Other 1 RMS 1-6 945 31 — — 976 5 — — — 5 RMS 7-9 — — — — — — — — — — RMS 10 — — — — — — — — — — RMS 11-13 — — — — — — — — — — RMS 14 — — 55 — 55 — — 8 — 8 945 31 55 — 1,031 5 — 8 — 13 CMS 1-10 (1,809) — — — (1,809) — — — — — CMS 11-14 (260) — — — (260) — — — — — CMS 15-18 (1) — — — (1) — — — — — CMS 19 (4) — — — (4) — — — — — CMS 20-23 — — — — — — — — — — (2,074) — — — (2,074) — — — — — Central adjustment — — — — — 200 — — — 200 Total loans and advances to customers 376,519 43,808 8,060 10,415 438,802 763 1,254 1,615 202 3,834 In respect of: Retail 316,863 37,776 5,419 10,415 370,473 442 1,004 659 202 2,307 Commercial Banking 60,785 6,001 2,586 — 69,372 116 250 948 — 1,314 Other 1 (1,129) 31 55 — (1,043) 205 — 8 — 213 Total loans and advances to customers 376,519 43,808 8,060 10,415 438,802 763 1,254 1,615 202 3,834 1 Includes centralised fair value hedge accounting adjustments. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 17: Credit quality of loans and advances to banks and customers (continued) Gross drawn exposures and expected credit loss allowance (continued) Drawn exposures Expected credit loss allowance At 31 December 2021 Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Loans and advances to banks: CMS 1-10 4,476 — — — 4,476 — — — — — CMS 11-14 2 — — — 2 — — — — — CMS 15-18 — — — — — — — — — — CMS 19 — — — — — — — — — — CMS 20-23 — — — — — — — — — — 4,478 — — — 4,478 — — — — — Loans and advances to customers: 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 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 17: Credit quality of loans and advances to banks and customers (continued) Gross drawn exposures and expected credit loss allowance (continued) Drawn exposures Expected credit loss allowance At 31 December 2021 Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Retail - other 1 RMS 1-6 15,330 777 — — 16,107 21 10 — — 31 RMS 7-9 1,265 616 — — 1,881 5 27 — — 32 RMS 10 — 2 — — 2 — — — — — RMS 11-13 177 612 — — 789 — 21 — — 21 RMS 14 — — 778 — 778 — — 55 — 55 16,772 2,007 778 — 19,557 26 58 55 — 139 Total Retail 322,977 28,815 3,482 10,977 366,251 402 897 622 210 2,131 Commercial Banking 1 CMS 1-10 28,471 186 — — 28,657 18 1 — — 19 CMS 11-14 29,728 3,292 — — 33,020 75 75 — — 150 CMS 15-18 759 2,304 — — 3,063 9 119 — — 128 CMS 19 — 253 — — 253 — 18 — — 18 CMS 20-23 — — 2,862 — 2,862 — — 942 — 942 58,958 6,035 2,862 — 67,855 102 213 942 — 1,257 Other 2 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 (469) — — — (469) — — — — — CMS 11-14 — — — — — — — — — — CMS 15-18 — — — — — — — — — — CMS 19 2 — — — 2 — — — — — CMS 20-23 — — — — — — — — — — (467) — — — (467) — — — — — Central adjustment — — — — — 400 — — — 400 Total loans and 382,366 34,884 6,406 10,977 434,633 909 1,112 1,573 210 3,804 In respect of: Retail 322,977 28,815 3,482 10,977 366,251 402 897 622 210 2,131 Commercial Banking 58,958 6,035 2,862 — 67,855 102 213 942 — 1,257 Other 2 431 34 62 — 527 405 2 9 — 416 Total loans and 382,366 34,884 6,406 10,977 434,633 909 1,112 1,573 210 3,804 1 Restated, see page 45 2 Includes centralised fair value hedge accounting adjustments. |
Dividends on ordinary shares
Dividends on ordinary shares | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure Of Dividends [Abstract] | |
Dividends on ordinary shares | Note 18: Dividends on ordinary shares The Bank has not paid any dividends in the half-year to 30 June 2022. The Bank paid dividends of £1,000 million on 19 May 2021 and £1,900 million on 27 October 2021 . |
Basis of preparation and acco_2
Basis of preparation and accounting policies (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure Of Basis Of Preparation And Significant Accounting Policies [Abstract] | |
Accounting policies, presentation and estimates | The Directors consider that it is appropriate to continue to adopt the going concern basis in preparing the condensed consolidated half-year financial statements. In reaching this assessment, the Directors have taken into account the uncertainties affecting the UK economy and their potential effects upon the Group’s performance and projected funding and capital position; the impact of further stress scenarios has also been considered. On this basis, the Directors are satisfied that the Group will maintain adequate levels of funding and capital for the foreseeable future. |
Changes in accounting policy and future accounting developments | Changes in accounting policy Except for the matter referred to below, the Group's accounting policies are consistent with those applied by the Group in its financial statements for the year ended 31 December 2021 and there have been no changes in the Group's methods of computation. Cash and cash equivalents: Following a decision by the IFRS Interpretations Committee in April 2022, the Group includes mandatory reserve deposits with central banks that are held in demand accounts within cash and cash equivalents disclosed in the cash flow statement, whereas these amounts were previously excluded from the amount presented in the cash flow statement. This change increased the Group’s cash and cash equivalents at 31 December 2021 by £2,770 million (to £55,960 million) and at 30 June 2021 by £3,095 million (to £61,784 million). Future accounting developments The IASB has issued a number of minor amendments to IFRSs effective 1 January 2023 (including IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors ). These amendments are not expected to have a significant impact on the Group . |
Critical accounting judgement_2
Critical accounting judgements and key sources of estimation uncertainty (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure Of Accounting Judgements And Estimates [Abstract] | |
Disclosure of generation of multiple economic assumptions by quarter and by year | Key annual assumptions made by the Group are shown below. Gross domestic product and Consumer Price Index (CPI) inflation are 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. Unemployment rate and UK Bank Rate are averages for the period. For 31 December 2021, CPI numbers are translations of modelled Retail Price Index excluding mortgage interest payments (RPIX) estimates, except for the base case view. The key UK economic assumptions made by the Group averaged over a five-year period are also shown below. The use of calendar years maintains a comparability between tables disclosed, noting that comparatives reflect one calendar year earlier. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and key sources of estimation uncertainty (continued) At 30 June 2022 2022 2023 2024 2025 2026 2022 Upside Gross domestic product 3.5 1.2 1.8 1.7 1.7 2.0 Unemployment rate 3.1 2.7 2.9 3.2 3.4 3.1 House price growth 3.2 3.6 9.3 5.9 4.3 5.2 Commercial real estate price growth 9.2 1.8 0.9 (0.9) (0.2) 2.1 UK Bank Rate 1.64 3.12 2.97 2.88 2.78 2.68 CPI inflation 8.6 5.5 2.5 1.9 2.2 4.1 Base case Gross domestic product 3.3 0.6 1.5 1.6 1.7 1.7 Unemployment rate 3.8 4.2 4.4 4.5 4.5 4.3 House price growth 1.8 (1.4) 3.4 1.2 1.0 1.2 Commercial real estate price growth 1.8 (5.0) (1.6) (1.3) 0.8 (1.1) UK Bank Rate 1.44 2.25 2.00 2.00 2.00 1.94 CPI inflation 8.6 5.5 2.2 1.3 1.5 3.8 Downside Gross domestic product 3.0 (0.1) 1.1 1.4 1.7 1.4 Unemployment rate 4.5 6.0 6.3 6.1 5.9 5.8 House price growth (0.1) (7.6) (4.6) (5.1) (3.5) (4.2) Commercial real estate price growth (4.4) (11.9) (5.5) (3.6) (0.7) (5.3) UK Bank Rate 1.25 1.23 0.80 0.85 0.95 1.02 CPI inflation 8.7 5.5 1.8 0.6 0.7 3.5 Severe downside Gross domestic product 1.6 (1.8) 1.0 1.4 1.6 0.8 Unemployment rate 5.8 8.7 8.7 8.3 7.7 7.8 House price growth (1.6) (14.0) (12.3) (10.5) (6.4) (9.1) Commercial real estate price growth (14.9) (20.9) (11.0) (5.6) 1.0 (10.6) UK Bank Rate – modelled 0.76 0.18 0.18 0.21 0.24 0.31 UK Bank Rate – adjusted 2.94 4.75 3.00 2.25 2.25 3.04 CPI inflation – modelled 8.6 5.1 0.9 (0.5) (0.5) 2.7 CPI inflation – adjusted 9.8 13.7 4.1 1.7 0.1 5.9 Probability-weighted Gross domestic product 3.1 0.3 1.5 1.5 1.7 1.6 Unemployment rate 4.0 4.7 5.0 5.0 4.9 4.7 House price growth 1.3 (3.0) 1.2 (0.5) (0.1) (0.2) Commercial real estate price growth 0.5 (6.6) (3.0) (2.3) 0.1 (2.3) UK Bank Rate – modelled 1.37 2.00 1.75 1.74 1.75 1.72 UK Bank Rate – adjusted 1.59 2.46 2.03 1.94 1.95 1.99 CPI inflation – modelled 8.6 5.5 2.0 1.1 1.3 3.7 CPI inflation – adjusted 8.8 6.3 2.3 1.3 1.3 4.0 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and key sources of estimation uncertainty (continued) At 31 December 2021 2021 2022 2023 2024 2025 2021 Upside Gross domestic product 7.1 4.0 1.4 1.3 1.4 3.0 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 UK Bank Rate 0.14 1.44 1.74 1.82 2.03 1.43 CPI inflation 2.6 5.9 3.3 2.6 3.3 3.5 Base case Gross domestic product 7.1 3.7 1.5 1.3 1.3 2.9 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 UK Bank Rate 0.14 0.81 1.00 1.06 1.25 0.85 CPI inflation 2.6 5.9 3.0 1.6 2.0 3.0 Downside Gross domestic product 7.1 3.4 1.3 1.1 1.2 2.8 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) UK Bank Rate 0.14 0.45 0.52 0.55 0.69 0.47 CPI inflation 2.6 5.8 2.8 1.3 1.6 2.8 Severe downside Gross domestic product 6.8 0.9 0.4 1.0 1.4 2.1 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) UK Bank Rate 0.14 0.04 0.06 0.08 0.09 0.08 CPI inflation 2.6 5.8 2.3 0.5 0.9 2.4 Probability-weighted Gross domestic product 7.0 3.4 1.3 1.2 1.3 2.8 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 UK Bank Rate 0.14 0.82 0.99 1.04 1.20 0.83 CPI inflation 2.6 5.9 2.9 1.7 2.2 3.1 Key quarterly assumptions made by the Group in the base case scenario are shown below. Gross domestic product is presented quarter-on-quarter. House price growth, commercial real estate price growth and CPI inflation are presented year-on-year i.e from the equivalent quarter in the previous year. Unemployment rate and UK Bank Rate are presented as at the end of each quarter. At 30 June 2022 First Second Third Fourth First Second Third Fourth Gross domestic product 0.8 (0.4) 0.1 0.2 0.2 0.2 0.4 0.4 Unemployment rate 3.7 3.8 3.8 3.9 4.0 4.2 4.3 4.3 House price growth 11.1 10.5 6.8 1.8 (2.2) (4.1) (3.7) (1.4) Commercial real estate price growth 18.0 15.3 9.5 1.8 (4.3) (6.3) (5.3) (5.0) UK Bank Rate 0.75 1.25 1.75 2.00 2.25 2.25 2.25 2.25 CPI inflation 6.2 9.1 9.3 10.0 9.0 5.4 5.0 2.8 At 31 December 2021 First Second Third Fourth First Second Third Fourth Gross domestic product (1.3) 5.4 1.1 0.4 0.1 1.5 0.5 0.3 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) UK Bank Rate 0.10 0.10 0.10 0.25 0.50 0.75 1.00 1.00 CPI inflation 0.6 2.1 2.8 4.9 5.3 6.5 6.3 5.3 |
Disclosure of ECL sensitivity to economic assumptions | The table below shows the Group’s ECL for the upside, base case, downside and severe downside scenarios. The stage allocation for an asset is based on the overall scenario probability-weighted PD and, hence, the 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 £372 million compared to £221 million at 31 December 2021. At 30 June 2022 Probability- Upside Base case Downside Severe UK mortgages 837 462 610 980 2,213 Credit cards 629 546 597 686 804 Other Retail 997 949 981 1,029 1,093 Commercial Banking 1,383 1,194 1,286 1,451 2,040 Other 218 216 218 218 219 ECL allowance 4,064 3,367 3,692 4,364 6,369 At 31 December 2021 UK mortgages 837 637 723 967 1,386 Credit cards 521 442 500 569 672 Other Retail 908 844 892 947 1,034 Commercial Banking 1,316 1,182 1,246 1,384 1,728 Other 418 416 418 419 421 ECL allowance 4,000 3,521 3,779 4,286 5,241 At 30 June 2022 At 31 December 2021 1pp increase in 1pp decrease in 1pp increase in 1pp decrease in UK mortgages 13 (11) 23 (18) Credit cards 22 (22) 20 (20) Other Retail 14 (13) 14 (14) Commercial Banking 53 (45) 49 (42) Other 1 (1) 1 (1) ECL impact 103 (92) 107 (95) The table below shows the impact on the Group’s ECL in respect of UK mortgages resulting from 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 ten quarters of the base case scenario. The increased ECL sensitivity in the period has resulted from the change in definition of default and associated model changes. This has resulted in greater univariate sensitivity of predicted defaults and possession rates to future house price levels, alongside the direct impact on forecast sale values. At 30 June 2022 At 31 December 2021 10pp increase 10pp decrease 10pp increase 10pp decrease ECL impact, £m (137) 216 (112) 162 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 2: Critical accounting judgements and key sources of estimation uncertainty (continued) Judgements due to: At 30 June 2022 Modelled Individually COVID-19 1 £m Inflationary risk Other Total UK mortgages 565 — 39 — 233 837 Credit cards 528 — 18 91 (8) 629 Other Retail 856 — 16 63 62 997 Commercial Banking 390 911 15 116 (49) 1,383 Other 18 — 200 — — 218 Total 2,357 911 288 270 238 4,064 At 31 December 2021 UK mortgages 292 — 67 52 426 837 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 52 453 4,000 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. Except as noted below, the nature of the judgements is consistent with those applied by the Group in its financial statements for the year ended 31 December 2021. The 30 June 2022 allowance has been re-assessed based on latest economic outlook, data points and modelled result. Judgements due to COVID-19 UK mortgages: £39 million (31 December 2021: £67 million) These adjustments principally comprise: Increase in time to repossession: £39 million (31 December 2021: £52 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. The reduction in scale of the judgement reflects the lower sensitivity of the time between default and repossession following the change in definition of default to align with the CRD IV regulatory definition adopted from 1 January 2022. Credit cards: £18 million (31 December 2021: £94 million) and Other Retail: £16 million (31 December 2021: £57 million) These adjustments principally comprise: Recognition of support measures: Credit cards: £18 million (31 December 2021: £94 million) and Other Retail: £16 million (31 December 2021: £40 million) Government support and subdued levels of consumer spending were judged to contribute to a reduced flow of accounts into default. Adjustments to address reduced default rates have been largely released following convergence between actual and predicted levels, with predicted levels reducing as a consequence of an improved economic outturn. Default rates continue to be adjusted for Motor and Business Banking where defaults remain below predictions, or in the case of Business Banking, susceptible to the impact of Business Bounce Back Loans. The remaining adjustment on credit cards is to reverse the benefit of lower predicted exposures at default due to the current subdued levels of consumer spending. Judgements due to inflationary risk Credit cards: £91 million (31 December 2021: £nil) and Other Retail: £63 million (31 December 2021: £nil) Inflationary risk on Retail segments: Credit cards: £56 million (31 December 2021: £nil) and Other Retail: £33 million (31 December 2021: £nil) Although portfolio performance remains strong, and no deterioration in credit risk has been observed to date due to high inflation and a rising interest rate environment, management have made an adjustment for customers most vulnerable to inflationary pressures and interest rate rises which may impact the ability to maintain repayment commitments. Additional ECL has been raised for customers with lower income levels and higher indebtedness based on a higher estimated likelihood of default. Management will monitor customer performance over time to ensure that this adjustment remains reasonable and appropriate. Adjustment to affordability: Credit cards: £35 million (31 December 2021: £nil) and Other Retail: £30 million (31 December 2021: £nil) The Group’s ECL models for credit cards and personal loan portfolios use predictions of wage growth to account for future affordability stress. As rapidly increasing inflation is currently eroding assumed nominal wage growth, adjustments have been made to the econometric models to account for real, rather than nominal, income to produce adjusted expected default forecasts. Management believe that this is an appropriate way to account for the aggregate inflationary risk in these unsecured portfolios and will continue to monitor both actual economic and customer outcomes to ensure that this adjustment remains reasonable and appropriate. Commercial Banking: £116 million (31 December 2021: £nil) Sectors at risk: £116 million (31 December 2021: £nil) Management believe that new risks have emerged for certain sectors due to impacts from heightened inflationary pressures and rising interest rates beyond what is captured in the models. An adjustment of £116 million has been raised to increase ECL for specific commercial sectors deemed most susceptible to inflationary pressures. Management will continue to closely monitor all sectors of the economy and revise the sectors in scope of this judgement as risks and corporate borrower performance evolve. |
Segmental analysis (Tables)
Segmental analysis (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure of operating segments [abstract] | |
Schedule of operating segments | Half-year to 30 June 2022 Retail Commercial Other Total Net interest income 4,819 1,109 161 6,089 Other income 956 347 660 1,963 Total income 5,775 1,456 821 8,052 Costs (3,024) (871) (510) (4,405) Impairment (charge) credit (314) (77) 27 (364) Profit before tax 2,437 508 338 3,283 External income 6,004 1,316 732 8,052 Inter-segment income (expense) (229) 140 89 — Segment income 5,775 1,456 821 8,052 Half-year to 30 June 2021 1 Retail Commercial Other Total Net interest income 4,392 930 54 5,376 Other income 830 377 724 1,931 Total income 5,222 1,307 778 7,307 Costs (2,963) (943) (658) (4,564) Impairment credit 89 585 3 677 Profit before tax 2,348 949 123 3,420 External income 5,721 1,280 306 7,307 Inter-segment income (expense) (499) 27 472 — Segment income 5,222 1,307 778 7,307 1 Restated, see page 45 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 3: Segmental analysis (continued) Segment Segment At 30 Jun 2022 £m At 31 Dec 2021 1 £m At 30 Jun 2022 £m At 31 Dec 2021 1 £m Retail 376,473 372,152 326,049 323,118 Commercial Banking 81,403 77,045 120,995 119,077 Other 168,447 153,652 138,564 119,882 Total 626,323 602,849 585,608 562,077 1 Restated, see page 45 |
Net fee and commission income (
Net fee and commission income (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Net Fee And Commission Income [Abstract] | |
Schedule of fee and commission income | Half-year to 30 Jun 2022 £m Half-year to 30 Jun 2021 £m Fee and commission income: Current accounts 328 310 Credit and debit card fees 558 381 Commercial banking and treasury fees 117 167 Factoring 41 38 Other fees and commissions 136 174 Total fee and commission income 1,180 1,070 Fee and commission expense (532) (480) Net fee and commission income 648 590 |
Operating expenses (Tables)
Operating expenses (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Operating Expenses [Abstract] | |
Schedule of operating expenses | Half-year to 30 Jun 2022 £m Half-year to 30 Jun 2021 £m Staff costs 1,907 1,868 Premises and equipment costs 126 112 Other expenses 1,185 1,364 Depreciation and amortisation 1,187 1,220 Total operating expenses 4,405 4,564 |
Impairment (Tables)
Impairment (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure of impairment loss and reversal of impairment loss [abstract] | |
Schedule of Impairment | Half-year to 30 Jun 2022 £m Half-year to 30 Jun 2021 £m Impact of transfers between stages 419 152 Other changes in credit quality 15 (473) Additions and repayments (76) (359) Methodology and model changes 2 3 Other items 4 — (55) (829) Total impairment charge (credit) 364 (677) In respect of: Loans and advances to banks 1 (3) Loans and advances to customers 329 (594) Debt securities 2 — Financial assets held at amortised cost 332 (597) Impairment charge (credit) on drawn balances 332 (597) Loan commitments and financial guarantees 32 (78) Financial assets at fair value through other comprehensive income — (2) Total impairment charge (credit) 364 (677) |
Tax expense (Tables)
Tax expense (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Income taxes paid (refund) [abstract] | |
Schedule of relationship between tax expense and accounting profit | An explanation of the relationship between tax (expense) credit and accounting profit is set out below: Half-year to 30 Jun 2022 £m Half-year to 30 Jun 2021 £m Profit before tax 3,283 3,420 UK corporation tax thereon at 19 per cent (2021: 19 per cent) (624) (650) Impact of surcharge on banking profits (168) (212) Non-deductible costs: conduct charges (4) (7) Other non-deductible costs (3) (40) Non-taxable income 35 12 Tax relief on coupons on other equity instruments — 39 Tax-exempt gains on disposals — 2 Tax losses where no deferred tax recognised (4) (5) Remeasurement of deferred tax due to rate changes (16) 1,189 Differences in overseas tax rates (44) (19) Adjustments in respect of prior years (14) (21) Tax (expense) credit (842) 288 |
Financial assets at fair valu_2
Financial assets at fair value through profit or loss (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Financial assets at fair value through profit or loss [abstract] | |
Summary of financial assets at fair value through profit or loss | At 30 Jun 2022 £m At 31 Dec 2021 £m Financial assets mandatorily at fair value through profit or loss: Loans and advances to customers 1,188 1,559 Equity shares 241 239 1,429 1,798 Total financial assets at fair value through profit or loss 1,429 1,798 |
Financial assets at amortised_2
Financial assets at amortised cost (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Financial Assets At Amortised Cost [Abstract] | |
Schedule of financial assets at amortised cost | Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Loans and advances to banks At 1 January 2022 4,478 — — — 4,478 — — — — — Exchange and other adjustments 383 — — — 383 — — — — — Other changes in credit quality 1 — — 1 Additions and repayments 801 — — — 801 — — — — — Charge to the income statement 1 — — — 1 At 30 June 2022 5,662 — — — 5,662 1 — — — 1 Allowance for impairment losses (1) — — — (1) Net carrying amount 5,661 — — — 5,661 Loans and advances to customers At 1 January 2022 382,366 34,884 6,406 10,977 434,633 909 1,112 1,573 210 3,804 Exchange and other adjustments 1 (953) 11 (21) 30 (933) 1 — 21 53 75 Transfers to Stage 1 8,511 (8,472) (39) — 173 (166) (7) — Transfers to Stage 2 (21,699) 21,981 (282) — (46) 101 (55) — Transfers to Stage 3 (579) (2,279) 2,858 — (2) (74) 76 — Impact of transfers between stages (13,767) 11,230 2,537 — (129) 352 178 401 (4) 213 192 401 Other changes in credit quality (173) (19) 206 (8) 6 Additions and repayments 8,873 (2,317) (507) (573) 5,476 32 (33) (67) (12) (80) Methodology and model changes (2) (19) 45 (22) 2 Charge (credit) to the income statement (147) 142 376 (42) 329 Advances written off (426) (19) (445) (426) (19) (445) Recoveries of advances written off in previous years 71 — 71 71 — 71 At 30 June 2022 376,519 43,808 8,060 10,415 438,802 763 1,254 1,615 202 3,834 Allowance for impairment losses (763) (1,254) (1,615) (202) (3,834) Net carrying amount 375,756 42,554 6,445 10,213 434,968 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. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 9: Financial assets at amortised cost (continued) Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Reverse repurchase agreements At 30 June 2022 52,057 — — — 52,057 Allowance for impairment losses — — — — — Net carrying amount 52,057 — — — 52,057 Debt securities At 1 January 2022 4,554 9 1 — 4,564 1 — 1 — 2 Exchange and other adjustments 175 — — — 175 — — — — — Transfers to Stage 1 9 (9) — — — — — — Impact of transfers between stages 9 (9) — — — — — — — — — — Other changes in credit quality 1 — — — 1 Additions and repayments 1,666 — — — 1,666 1 — — — 1 Charge to the income statement 2 — — — 2 At 30 June 2022 6,404 1 — 6,405 3 — 1 — 4 Allowance for impairment losses (3) — (1) — (4) Net carrying amount 6,401 — — — 6,401 Due from fellow Lloyds Banking Group undertakings At 30 June 2022 714 — — — 714 Allowance for impairment losses — — — — — Net carrying amount 714 — — — 714 Total financial assets at amortised cost 440,589 42,554 6,445 10,213 499,801 Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Loans and advances to banks At 1 January 2021 4,328 — — — 4,328 4 — — — 4 Exchange and other adjustments 15 — — — 15 — — — — — Additions and repayments 135 — — — 135 (1) — — — (1) Other changes in credit quality (3) — — — (3) Credit to the income statement (4) — — — (4) At 31 December 2021 4,478 — — — 4,478 — — — — — Allowance for impairment losses — — — — — Net carrying amount 4,478 — — — 4,478 Loans and advances to customers At 1 January 2021 361,161 51,280 6,443 12,511 431,395 1,347 2,125 1,968 261 5,701 Exchange and other adjustments 1 (2,518) (31) (82) 68 (2,563) (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 17,928 (8,633) (994) (1,565) 6,736 (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 382,366 34,884 6,406 10,977 434,633 909 1,112 1,573 210 3,804 Allowance for impairment losses (909) (1,112) (1,573) (210) (3,804) Net carrying amount 381,457 33,772 4,833 10,767 430,829 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. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 9: Financial assets at amortised cost (continued) Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Reverse repurchase agreements At 31 December 2021 49,708 — — — 49,708 Allowance for impairment losses — — — — — Net carrying amount 49,708 — — — 49,708 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) — — — — — 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 |
Schedule of undrawn balances | Movements in allowance for expected credit losses in respect of undrawn balances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Undrawn balances At 1 January 2022 103 86 5 — 194 Exchange and other adjustments (1) 1 (1) — (1) Transfers to Stage 1 23 (23) — — Transfers to Stage 2 (5) 5 — — Transfers to Stage 3 — (2) 2 — Impact of transfers between stages (18) 37 (1) 18 — 17 1 18 Other items taken to the income statement 12 3 (1) — 14 Charge to the income statement 12 20 — — 32 At 30 June 2022 114 107 4 — 225 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 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 taken 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 |
Disclosure of impairment allowances | Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total In respect of: Loans and advances to banks 1 — — — 1 Loans and advances to customers 763 1,254 1,615 202 3,834 Debt securities 3 — 1 — 4 Financial assets at amortised cost 767 1,254 1,616 202 3,839 Provisions in relation to loan commitments and financial guarantees 114 107 4 — 225 Total 881 1,361 1,620 202 4,064 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) 3 — — — 3 Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total In respect of: Loans and advances to banks — — — — — Loans and advances to customers 909 1,112 1,573 210 3,804 Debt securities 1 — 1 — 2 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 |
Debt securities in issue (Table
Debt securities in issue (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Debt Securities In Issue [Abstract] | |
Schedule of debt securities in issue | At 30 June 2022 At 31 December 2021 At At Total At At Total Medium-term notes issued 5,614 24,507 30,121 6,504 23,820 30,324 Covered bonds — 15,280 15,280 — 17,407 17,407 Certificates of deposit — 2,027 2,027 — 290 290 Securitisation notes 29 3,574 3,603 33 3,672 3,705 Commercial paper — 7,835 7,835 — 3,535 3,535 5,643 53,223 58,866 6,537 48,724 55,261 |
Retirement benefit obligations
Retirement benefit obligations (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure of defined benefit plans [abstract] | |
Schedule of Group's post-retirement defined benefit scheme obligations | The Group’s post-retirement defined benefit scheme obligations are comprised as follows: At 30 Jun 2022 £m At 31 Dec 2021 £m Defined benefit pension schemes: Fair value of scheme assets 39,365 51,534 Present value of funded obligations (33,992) (47,130) Net pension scheme asset 5,373 4,404 Other post-retirement schemes (87) (103) Net retirement benefit asset 5,286 4,301 Recognised on the balance sheet as: Retirement benefit assets 5,473 4,531 Retirement benefit obligations (187) (230) Net retirement benefit asset 5,286 4,301 |
Schedule of movement in the Group's net post-retirement defined benefit scheme asset during the period | Movements in the Group’s net post-retirement defined benefit scheme asset during the period were as follows: £m Asset at 1 January 2022 4,301 Income statement charge (68) Employer contributions 1,434 Remeasurement (382) Exchange and other adjustments 1 Asset at 30 June 2022 5,286 |
Schedule of principal assumptions used in the valuations of the defined benefit pension schemes | The principal assumptions used in the valuations of the defined benefit pension schemes were as follows: At 30 Jun 2022 % At 31 Dec 2021 % Discount rate 3.80 1.94 Rate of inflation: Retail Price Index 3.10 3.21 Consumer Price Index 2.77 2.92 Rate of salary increases 0.00 0.00 Weighted-average rate of increase for pensions in payment 2.82 2.88 |
Other provisions (Tables)
Other provisions (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure of other provisions [abstract] | |
Schedule of provisions and liabilities | Provisions Regulatory Other Total At 1 January 2022 194 1,054 685 1,933 Exchange and other adjustments (1) — 69 68 Provisions applied — (225) (153) (378) Charge for the period 32 58 60 150 At 30 June 2022 225 887 661 1,773 |
Related party transactions (Tab
Related party transactions (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Related party transactions [abstract] | |
Schedule of balances and transactions with fellow Lloyds Banking Group undertakings | The Bank and its subsidiaries have balances due to and from the Bank’s parent company, Lloyds Banking Group plc, and fellow Group undertakings. These are included on the balance sheet as follows: At 30 Jun 2022 £m At 31 Dec 2021 £m Assets, included within: Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings 714 739 Derivative financial instruments 1,036 634 1,750 1,373 Liabilities, included within: Due to fellow Lloyds Banking Group undertakings 1,658 1,490 Derivative financial instruments 1,122 939 Debt securities in issue 19,039 17,961 Subordinated liabilities 5,588 5,176 27,407 25,566 |
Contingent liabilities, commi_2
Contingent liabilities, commitments and guarantees (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Contingent Liabilities, Commitments And Guarantees [Abstract] | |
Schedule of contingent liabilities and commitments arising from the banking business | At 30 Jun 2022 £m At 31 Dec 2021 £m Contingent liabilities Acceptances and endorsements 415 21 Other: Other items serving as direct credit substitutes 559 433 Performance bonds, including letters of credit, and other transaction-related contingencies 1,961 1,886 2,520 2,319 Total contingent liabilities 2,935 2,340 Commitments and guarantees Forward asset purchases and forward deposits placed 75 60 Undrawn formal standby facilities, credit lines and other commitments to lend: Less than 1 year original maturity: Mortgage offers made 20,002 17,757 Other commitments and guarantees 78,256 79,830 98,258 97,587 1 year or over original maturity 29,617 30,037 Total commitments and guarantees 127,950 127,684 |
Fair values of financial asse_2
Fair values of financial assets and liabilities (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Fair Values Of Financial Assets And Liabilities [Abstract] | |
Schedule of carrying values and fair values of financial assets and liabilities | The table below summarises the carrying values of financial assets and liabilities measured at amortised cost in the Group’s consolidated balance sheet. The fair values presented in the table are at a specific date and may be significantly different from the amounts which will actually be paid or received on the maturity or settlement date. At 30 June 2022 At 31 December 2021 Carrying Fair Carrying Fair Financial assets Loans and advances to banks 5,661 5,661 4,478 4,478 Loans and advances to customers 434,968 438,255 430,829 434,280 Reverse repurchase agreements 52,057 52,057 49,708 49,708 Debt securities 6,401 6,286 4,562 4,615 Due from fellow Lloyds Banking Group undertakings 714 714 739 739 Financial assets at amortised cost 499,801 502,973 490,316 493,820 Financial liabilities Deposits from banks 4,034 4,036 3,363 3,364 Customer deposits 450,928 450,940 449,373 449,455 Repurchase agreements at amortised cost 48,153 48,153 30,106 30,106 Due to fellow Lloyds Banking Group undertakings 1,658 1,658 1,490 1,490 Debt securities in issue 53,223 53,378 48,724 50,683 Subordinated liabilities 6,515 6,921 8,658 9,363 |
Schedule of financial assets carried at fair value by valuation hierarchy | Financial assets Level 1 Level 2 Level 3 Total At 30 June 2022 Financial assets at fair value through profit or loss: Loans and advances to customers — 827 361 1,188 Equity shares 237 — 4 241 Total financial assets at fair value through profit or loss 237 827 365 1,429 Financial assets at fair value through other comprehensive income: Debt securities 10,933 13,041 54 24,028 Equity shares — — 1 1 Total financial assets at fair value through other comprehensive income 10,933 13,041 55 24,029 Derivative financial instruments — 5,041 1 5,042 Total financial assets carried at fair value 11,170 18,909 421 30,500 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 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 Derivative financial instruments — 5,495 16 5,511 Total financial assets carried at fair value 15,474 19,150 471 35,095 |
Schedule of financial liabilities carried at fair value by valuation hierarchy | Financial liabilities Level 1 Level 2 Level 3 Total At 30 June 2022 Financial liabilities at fair value through profit or loss — 5,614 29 5,643 Derivative financial instruments — 5,314 174 5,488 Total financial liabilities carried at fair value — 10,928 203 11,131 At 31 December 2021 Financial liabilities at fair value through profit or loss — 6,504 33 6,537 Derivative financial instruments — 4,436 207 4,643 Total financial liabilities carried at fair value — 10,940 240 11,180 |
Schedule of movements in the level 3 financial assets portfolio | The tables below analyse movements in the level 3 financial assets portfolio. Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income Derivative assets Total financial assets carried at fair value At 1 January 2022 399 56 16 471 Exchange and other adjustments — 1 — 1 Losses recognised in the income statement within other income (4) — (3) (7) Losses 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 — — — — Sales/repayments of customer loans (30) (2) — (32) Transfers into the level 3 portfolio — — — — Transfers out of the level 3 portfolio — — (12) (12) At 30 June 2022 365 55 1 421 Losses recognised in the income statement, within other income, relating to the change in fair value of those assets held at 30 June 2022 (5) — — (5) At 1 January 2021 1,511 65 14 1,590 Exchange and other adjustments (15) (3) — (18) Losses recognised in the income statement within other income (49) — (2) (51) Losses recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income — (4) — (4) Purchases/increases to customer loans 18 — — 18 Sales/repayments of customer loans (374) (2) — (376) Transfers into the level 3 portfolio 4 — — 4 Transfers out of the level 3 portfolio (653) — — (653) At 30 June 2021 442 56 12 510 Losses recognised in the income statement, within other income, relating to the change in fair value of those assets held at 30 June 2021 (60) — (2) (62) |
Schedule of movements in the level 3 financial liabilities portfolio | Financial Derivative liabilities Total At 1 January 2022 33 207 240 Gains recognised in the income statement within other income (2) (22) (24) Redemptions (2) (11) (13) At 30 June 2022 29 174 203 Gains recognised in the income statement, within other income, relating to the change in fair value of those liabilities held at 30 June 2022 (2) (5) (7) At 1 January 2021 45 319 364 Gains recognised in the income statement within other income (2) (55) (57) Redemptions (5) (19) (24) At 30 June 2021 38 245 283 Gains recognised in the income statement, within other income, relating to the change in fair value of those liabilities held at 30 June 2021 — — — |
Schedule of effects of reasonably possible alternative assumptions for categories of level 3 financial assets and financial liabilities | Effect of reasonably possible alternative assumptions 1 At 30 June 2022 Valuation Significant unobservable inputs 2 Carrying value Favourable changes Unfavourable Financial assets at fair value through profit or loss Loans and advances to customers Discounted cash flows Interest rate spreads (+/- 50bps) 361 29 (27) Other 4 365 Financial assets at fair value through other comprehensive income 55 Derivative financial assets 1 Level 3 financial assets carried at fair value 421 Financial liabilities at fair value through profit or loss 29 Derivative financial liabilities Interest rate derivatives Option pricing model Interest rate volatility (11%/147%) 3 Shared appreciation rights Market values – property valuation HPI (+/- 1%) 171 174 Level 3 financial liabilities carried at fair value 203 1 Where the exposure to an unobservable input is managed on a net basis, only the net impact is shown in the table. 2 Ranges are shown where appropriate and represent the highest and lowest inputs used in the level 3 valuations. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 15: Fair values of financial assets and liabilities (continued) Effect of reasonably possible alternative assumptions 1 At 31 December 2021 Valuation Significant unobservable inputs 2 Carrying value Favourable changes Unfavourable changes Financial assets at fair value through profit or loss Loans and advances to customers Discounted cash flows Interest rate spreads (+/- 50bps) 395 32 (30) Other 4 399 Financial assets at fair value through other comprehensive income 56 Derivative financial assets 16 Level 3 financial assets carried at fair value 471 Financial liabilities at fair value through profit or loss 33 Derivative financial liabilities Interest rate derivatives Option pricing model Interest rate volatility (13%/168%) 31 Shared appreciation rights Market values – property valuation HPI (+/- 1%) 176 207 Level 3 financial liabilities carried at fair value 240 1 Where the exposure to an unobservable input is managed on a net basis, only the net impact is shown in the table. 2 Ranges are shown where appropriate and represent the highest and lowest inputs used in the level 3 valuations. |
Interest rate benchmark reform
Interest rate benchmark reform (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Interest Rate Benchmark Reform [Abstract] | |
Disclosure of exposures impacted by the interest rate benchmark reform | At 30 June 2022, the Group had the following significant exposures impacted by interest rate benchmark reform which have yet to transition to the replacement benchmark rate: At 30 June 2022 Sterling US Dollar Other 1 £m Total Non-derivative financial assets Financial assets at fair value through profit or loss — — — — Loans and advances to banks — 1,586 — 1,586 Loans and advances to customers 886 1,275 5 2,166 Financial assets at amortised cost 886 2,861 5 3,752 886 2,861 5 3,752 Non-derivative financial liabilities Financial liabilities at fair value through profit or loss — 103 — 103 Debt securities in issue — 3,888 321 4,209 — 3,991 321 4,312 Derivative notional/contract amount Interest rate 1,411 118,296 796 120,503 Cross currency — 19,997 958 20,955 1,411 138,293 1,754 141,458 1 Balances within Other include Canadian Dollar Offered Rate for which a cessation announcement, effective after 28 June 2024, was published on 16 May 2022. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 16: Interest rate benchmark reform (continued) At 31 December 2021 Sterling LIBOR US Dollar LIBOR Other Total Non-derivative financial assets Financial assets at fair value through profit or loss 131 172 — 303 Loans and advances to banks — 3,252 — 3,252 Loans and advances to customers 3,419 2,549 — 5,968 Financial assets at amortised cost 3,419 5,801 — 9,220 3,550 5,973 — 9,523 Non-derivative financial liabilities Financial liabilities at fair value through profit or loss — 100 3 103 Debt securities in issue 1 — 3,548 26 3,574 — 3,648 29 3,677 Derivative notional/contract amount Interest rate 4,271 120,797 — 125,068 Cross currency — 22,663 — 22,663 4,271 143,460 — 147,731 1 Includes capital related issuances of £3,494 million held by Lloyds Banking Group plc. |
Credit quality of loans and a_2
Credit quality of loans and advances to banks and customers (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Credit Quality Of Loans And Advances To Banks And Customers [Abstract] | |
Schedule of credit quality of loans and advances to banks and customers | Drawn exposures Expected credit loss allowance At 30 June 2022 Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Loans and advances to banks: CMS 1-10 5,659 — — — 5,659 1 — — — 1 CMS 11-14 3 — — — 3 — — — — — CMS 15-18 — — — — — — — — — — CMS 19 — — — — — — — — — — CMS 20-23 — — — — — — — — — — 5,662 — — — 5,662 1 — — — 1 Loans and advances to customers: Retail - UK mortgages RMS 1-6 266,547 25,096 — — 291,643 44 205 — — 249 RMS 7-9 1 2,499 — — 2,500 — 50 — — 50 RMS 10 — 786 — — 786 — 20 — — 20 RMS 11-13 — 1,725 — — 1,725 — 62 — — 62 RMS 14 — — 3,424 10,415 13,839 — — 254 202 456 266,548 30,106 3,424 10,415 310,493 44 337 254 202 837 Retail - credit cards RMS 1-6 11,572 1,156 — — 12,728 83 59 — — 142 RMS 7-9 912 750 — — 1,662 34 107 — — 141 RMS 10 — 123 — — 123 — 31 — — 31 RMS 11-13 — 260 — — 260 — 114 — — 114 RMS 14 — — 280 — 280 — — 111 — 111 12,484 2,289 280 — 15,053 117 311 111 — 539 Retail - loans and overdrafts RMS 1-6 7,317 337 — — 7,654 90 21 — — 111 RMS 7-9 1,306 385 — — 1,691 56 54 — — 110 RMS 10 32 116 — — 148 3 27 — — 30 RMS 11-13 11 306 — — 317 1 116 — — 117 RMS 14 — — 256 — 256 — — 135 — 135 8,666 1,144 256 — 10,066 150 218 135 — 503 Retail - UK Motor Finance RMS 1-6 11,864 1,204 — — 13,068 99 22 — — 121 RMS 7-9 610 366 — — 976 5 14 — — 19 RMS 10 — 86 — — 86 — 9 — — 9 RMS 11-13 2 176 — — 178 — 35 — — 35 RMS 14 — — 179 — 179 — — 105 — 105 12,476 1,832 179 — 14,487 104 80 105 — 289 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 17: Credit quality of loans and advances to banks and customers (continued) Gross drawn exposures and expected credit loss allowance (continued) Drawn exposures Expected credit loss allowance At 30 June 2022 Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Retail - other RMS 1-6 15,673 1,085 — — 16,758 15 12 — — 27 RMS 7-9 899 725 — — 1,624 12 12 — — 24 RMS 10 — 2 — — 2 — — — — — RMS 11-13 117 593 — — 710 — 34 — — 34 RMS 14 — — 1,280 — 1,280 — — 54 — 54 16,689 2,405 1,280 — 20,374 27 58 54 — 139 Total Retail 316,863 37,776 5,419 10,415 370,473 442 1,004 659 202 2,307 Commercial Banking CMS 1-10 29,433 608 — — 30,041 20 11 — — 31 CMS 11-14 30,339 2,332 — — 32,671 85 54 — — 139 CMS 15-18 1,013 2,857 — — 3,870 11 167 — — 178 CMS 19 — 204 — — 204 — 18 — — 18 CMS 20-23 — — 2,586 — 2,586 — — 948 — 948 60,785 6,001 2,586 — 69,372 116 250 948 — 1,314 Other 1 RMS 1-6 945 31 — — 976 5 — — — 5 RMS 7-9 — — — — — — — — — — RMS 10 — — — — — — — — — — RMS 11-13 — — — — — — — — — — RMS 14 — — 55 — 55 — — 8 — 8 945 31 55 — 1,031 5 — 8 — 13 CMS 1-10 (1,809) — — — (1,809) — — — — — CMS 11-14 (260) — — — (260) — — — — — CMS 15-18 (1) — — — (1) — — — — — CMS 19 (4) — — — (4) — — — — — CMS 20-23 — — — — — — — — — — (2,074) — — — (2,074) — — — — — Central adjustment — — — — — 200 — — — 200 Total loans and advances to customers 376,519 43,808 8,060 10,415 438,802 763 1,254 1,615 202 3,834 In respect of: Retail 316,863 37,776 5,419 10,415 370,473 442 1,004 659 202 2,307 Commercial Banking 60,785 6,001 2,586 — 69,372 116 250 948 — 1,314 Other 1 (1,129) 31 55 — (1,043) 205 — 8 — 213 Total loans and advances to customers 376,519 43,808 8,060 10,415 438,802 763 1,254 1,615 202 3,834 1 Includes centralised fair value hedge accounting adjustments. NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 17: Credit quality of loans and advances to banks and customers (continued) Gross drawn exposures and expected credit loss allowance (continued) Drawn exposures Expected credit loss allowance At 31 December 2021 Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Loans and advances to banks: CMS 1-10 4,476 — — — 4,476 — — — — — CMS 11-14 2 — — — 2 — — — — — CMS 15-18 — — — — — — — — — — CMS 19 — — — — — — — — — — CMS 20-23 — — — — — — — — — — 4,478 — — — 4,478 — — — — — Loans and advances to customers: 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 NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (continued) Note 17: Credit quality of loans and advances to banks and customers (continued) Gross drawn exposures and expected credit loss allowance (continued) Drawn exposures Expected credit loss allowance At 31 December 2021 Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Retail - other 1 RMS 1-6 15,330 777 — — 16,107 21 10 — — 31 RMS 7-9 1,265 616 — — 1,881 5 27 — — 32 RMS 10 — 2 — — 2 — — — — — RMS 11-13 177 612 — — 789 — 21 — — 21 RMS 14 — — 778 — 778 — — 55 — 55 16,772 2,007 778 — 19,557 26 58 55 — 139 Total Retail 322,977 28,815 3,482 10,977 366,251 402 897 622 210 2,131 Commercial Banking 1 CMS 1-10 28,471 186 — — 28,657 18 1 — — 19 CMS 11-14 29,728 3,292 — — 33,020 75 75 — — 150 CMS 15-18 759 2,304 — — 3,063 9 119 — — 128 CMS 19 — 253 — — 253 — 18 — — 18 CMS 20-23 — — 2,862 — 2,862 — — 942 — 942 58,958 6,035 2,862 — 67,855 102 213 942 — 1,257 Other 2 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 (469) — — — (469) — — — — — CMS 11-14 — — — — — — — — — — CMS 15-18 — — — — — — — — — — CMS 19 2 — — — 2 — — — — — CMS 20-23 — — — — — — — — — — (467) — — — (467) — — — — — Central adjustment — — — — — 400 — — — 400 Total loans and 382,366 34,884 6,406 10,977 434,633 909 1,112 1,573 210 3,804 In respect of: Retail 322,977 28,815 3,482 10,977 366,251 402 897 622 210 2,131 Commercial Banking 58,958 6,035 2,862 — 67,855 102 213 942 — 1,257 Other 2 431 34 62 — 527 405 2 9 — 416 Total loans and 382,366 34,884 6,406 10,977 434,633 909 1,112 1,573 210 3,804 1 Restated, see page 45 2 Includes centralised fair value hedge accounting adjustments. |
Basis of preparation and acco_3
Basis of preparation and accounting policies (Details) - GBP (£) £ in Millions | Jun. 30, 2022 | Dec. 31, 2021 | Jun. 30, 2021 | Dec. 31, 2020 | [1] | |
Disclosure of initial application of standards or interpretations [line items] | ||||||
Cash and cash equivalents | £ 70,130 | £ 55,960 | £ 61,784 | [1] | £ 51,622 | |
Increase due to changes in accounting policy required by IFRSs | ||||||
Disclosure of initial application of standards or interpretations [line items] | ||||||
Cash and cash equivalents | £ 2,770 | £ 3,095 | ||||
[1]Restated, see page 34 |
Critical accounting judgement_3
Critical accounting judgements and key sources of estimation uncertainty - Narrative (Details) - GBP (£) £ in Millions | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Disclosure of changes in accounting estimates [line items] | ||
Allowance account for credit losses of financial assets | £ 4,064 | £ 4,000 |
Probability weighted relative to base case | ||
Disclosure of changes in accounting estimates [line items] | ||
Increase in credit loss | 372 | 221 |
Management adjustments | ||
Disclosure of changes in accounting estimates [line items] | ||
Increase in credit loss | 796 | 1,278 |
Impairment charge (credit) on drawn balances | ||
Disclosure of changes in accounting estimates [line items] | ||
Allowance account for credit losses of financial assets | £ 3,839 | £ 3,806 |
Critical accounting judgement_4
Critical accounting judgements and key sources of estimation uncertainty - Disclosure of Generation of Multiple Economic Assumptions by Quarter and by Year (Details) | Jun. 30, 2022 | Dec. 31, 2021 |
Upside | ||
Five year average [Abstract] | ||
Gross domestic product | 2% | 3% |
Unemployment rate | 3.10% | 3.70% |
House price growth | 5.20% | 5.10% |
Commercial real estate price growth | 2.10% | 3.70% |
UK Bank Rate | 2.68% | 1.43% |
CPI inflation | 4.10% | 3.50% |
Base case | ||
Five year average [Abstract] | ||
Gross domestic product | 1.70% | 2.90% |
Unemployment rate | 4.30% | 4.40% |
House price growth | 1.20% | 2.10% |
Commercial real estate price growth | (1.10%) | 1.20% |
UK Bank Rate | 1.94% | 0.85% |
CPI inflation | 3.80% | 3% |
Downside | ||
Five year average [Abstract] | ||
Gross domestic product | 1.40% | 2.80% |
Unemployment rate | 5.80% | 5.60% |
House price growth | (4.20%) | (3.10%) |
Commercial real estate price growth | (5.30%) | (2.60%) |
UK Bank Rate | 1.02% | 0.47% |
CPI inflation | 3.50% | 2.80% |
Severe downside | ||
Five year average [Abstract] | ||
Gross domestic product | 0.80% | 2.10% |
Unemployment rate | 7.80% | 7.30% |
House price growth | (9.10%) | (6.90%) |
Commercial real estate price growth | (10.60%) | (6.80%) |
UK Bank Rate | 0.08% | |
CPI inflation | 2.40% | |
UK Bank Rate – modelled | 0.31% | |
UK Bank Rate – adjusted | 3.04% | |
CPI inflation – modelled | 2.70% | |
CPI inflation – adjusted | 5.90% | |
Probability-weighted | ||
Five year average [Abstract] | ||
Gross domestic product | 1.60% | 2.80% |
Unemployment rate | 4.70% | 4.80% |
House price growth | (0.20%) | 0.60% |
Commercial real estate price growth | (2.30%) | 0.10% |
UK Bank Rate | 0.83% | |
CPI inflation | 3.10% | |
UK Bank Rate – modelled | 1.72% | |
UK Bank Rate – adjusted | 1.99% | |
CPI inflation – modelled | 3.70% | |
CPI inflation – adjusted | 4% | |
Upside | 2021 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 7.10% | |
Unemployment rate | 4.40% | |
House price growth | 10.10% | |
Commercial real estate price growth | 12.40% | |
UK Bank Rate | 0.14% | |
CPI inflation | 2.60% | |
Upside | 2022 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 3.50% | 4% |
Unemployment rate | 3.10% | 3.30% |
House price growth | 3.20% | 2.60% |
Commercial real estate price growth | 9.20% | 5.80% |
UK Bank Rate | 1.64% | 1.44% |
CPI inflation | 8.60% | 5.90% |
Upside | 2023 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 1.20% | 1.40% |
Unemployment rate | 2.70% | 3.40% |
House price growth | 3.60% | 4.90% |
Commercial real estate price growth | 1.80% | 0.70% |
UK Bank Rate | 3.12% | 1.74% |
CPI inflation | 5.50% | 3.30% |
Upside | 2024 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 1.80% | 1.30% |
Unemployment rate | 2.90% | 3.50% |
House price growth | 9.30% | 4.70% |
Commercial real estate price growth | 0.90% | 1% |
UK Bank Rate | 2.97% | 1.82% |
CPI inflation | 2.50% | 2.60% |
Upside | 2025 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 1.70% | 1.40% |
Unemployment rate | 3.20% | 3.70% |
House price growth | 5.90% | 3.60% |
Commercial real estate price growth | (0.90%) | (0.60%) |
UK Bank Rate | 2.88% | 2.03% |
CPI inflation | 1.90% | 3.30% |
Upside | 2026 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 1.70% | |
Unemployment rate | 3.40% | |
House price growth | 4.30% | |
Commercial real estate price growth | (0.20%) | |
UK Bank Rate | 2.78% | |
CPI inflation | 2.20% | |
Base case | 2021 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 7.10% | |
Unemployment rate | 4.50% | |
House price growth | 9.80% | |
Commercial real estate price growth | 10.20% | |
UK Bank Rate | 0.14% | |
CPI inflation | 2.60% | |
Base case | 2021 Q1 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | (1.30%) | |
Unemployment rate | 4.90% | |
House price growth | 6.50% | |
Commercial real estate price growth | (2.90%) | |
UK Bank Rate | 0.10% | |
CPI inflation | 0.60% | |
Base case | 2021 Q2 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 5.40% | |
Unemployment rate | 4.70% | |
House price growth | 8.70% | |
Commercial real estate price growth | 3.40% | |
UK Bank Rate | 0.10% | |
CPI inflation | 2.10% | |
Base case | 2021 Q3 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 1.10% | |
Unemployment rate | 4.30% | |
House price growth | 7.40% | |
Commercial real estate price growth | 7.50% | |
UK Bank Rate | 0.10% | |
CPI inflation | 2.80% | |
Base case | 2021 Q4 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 0.40% | |
Unemployment rate | 4.30% | |
House price growth | 9.80% | |
Commercial real estate price growth | 10.20% | |
UK Bank Rate | 0.25% | |
CPI inflation | 4.90% | |
Base case | 2022 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 3.30% | 3.70% |
Unemployment rate | 3.80% | 4.30% |
House price growth | 1.80% | 0% |
Commercial real estate price growth | 1.80% | (2.20%) |
UK Bank Rate | 1.44% | 0.81% |
CPI inflation | 8.60% | 5.90% |
Base case | 2022 Q1 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 0.80% | 0.10% |
Unemployment rate | 3.70% | 4.40% |
House price growth | 11.10% | 8.40% |
Commercial real estate price growth | 18% | 8.40% |
UK Bank Rate | 0.75% | 0.50% |
CPI inflation | 6.20% | 5.30% |
Base case | 2022 Q2 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | (0.40%) | 1.50% |
Unemployment rate | 3.80% | 4.30% |
House price growth | 10.50% | 6.10% |
Commercial real estate price growth | 15.30% | 5.20% |
UK Bank Rate | 1.25% | 0.75% |
CPI inflation | 9.10% | 6.50% |
Base case | 2022 Q3 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 0.10% | 0.50% |
Unemployment rate | 3.80% | 4.30% |
House price growth | 6.80% | 3.20% |
Commercial real estate price growth | 9.50% | 0.90% |
UK Bank Rate | 1.75% | 1% |
CPI inflation | 9.30% | 6.30% |
Base case | 2022 Q4 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 0.20% | 0.30% |
Unemployment rate | 3.90% | 4.30% |
House price growth | 1.80% | 0% |
Commercial real estate price growth | 1.80% | (2.20%) |
UK Bank Rate | 2% | 1% |
CPI inflation | 10% | 5.30% |
Base case | 2023 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 0.60% | 1.50% |
Unemployment rate | 4.20% | 4.40% |
House price growth | (1.40%) | 0% |
Commercial real estate price growth | (5.00%) | (1.90%) |
UK Bank Rate | 2.25% | 1% |
CPI inflation | 5.50% | 3% |
Base case | 2023 Q1 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 0.20% | |
Unemployment rate | 4% | |
House price growth | (2.20%) | |
Commercial real estate price growth | (4.30%) | |
UK Bank Rate | 2.25% | |
CPI inflation | 9% | |
Base case | 2023 Q2 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 0.20% | |
Unemployment rate | 4.20% | |
House price growth | (4.10%) | |
Commercial real estate price growth | (6.30%) | |
UK Bank Rate | 2.25% | |
CPI inflation | 5.40% | |
Base case | 2023 Q3 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 0.40% | |
Unemployment rate | 4.30% | |
House price growth | (3.70%) | |
Commercial real estate price growth | (5.30%) | |
UK Bank Rate | 2.25% | |
CPI inflation | 5% | |
Base case | 2023 Q4 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 0.40% | |
Unemployment rate | 4.30% | |
House price growth | (1.40%) | |
Commercial real estate price growth | (5.00%) | |
UK Bank Rate | 2.25% | |
CPI inflation | 2.80% | |
Base case | 2024 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 1.50% | 1.30% |
Unemployment rate | 4.40% | 4.40% |
House price growth | 3.40% | 0.50% |
Commercial real estate price growth | (1.60%) | 0.10% |
UK Bank Rate | 2% | 1.06% |
CPI inflation | 2.20% | 1.60% |
Base case | 2025 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 1.60% | 1.30% |
Unemployment rate | 4.50% | 4.50% |
House price growth | 1.20% | 0.70% |
Commercial real estate price growth | (1.30%) | 0.60% |
UK Bank Rate | 2% | 1.25% |
CPI inflation | 1.30% | 2% |
Base case | 2026 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 1.70% | |
Unemployment rate | 4.50% | |
House price growth | 1% | |
Commercial real estate price growth | 0.80% | |
UK Bank Rate | 2% | |
CPI inflation | 1.50% | |
Downside | 2021 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 7.10% | |
Unemployment rate | 4.70% | |
House price growth | 9.20% | |
Commercial real estate price growth | 8.60% | |
UK Bank Rate | 0.14% | |
CPI inflation | 2.60% | |
Downside | 2022 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 3% | 3.40% |
Unemployment rate | 4.50% | 5.60% |
House price growth | (0.10%) | (4.90%) |
Commercial real estate price growth | (4.40%) | (10.10%) |
UK Bank Rate | 1.25% | 0.45% |
CPI inflation | 8.70% | 5.80% |
Downside | 2023 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | (0.10%) | 1.30% |
Unemployment rate | 6% | 5.90% |
House price growth | (7.60%) | (7.80%) |
Commercial real estate price growth | (11.90%) | (7.00%) |
UK Bank Rate | 1.23% | 0.52% |
CPI inflation | 5.50% | 2.80% |
Downside | 2024 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 1.10% | 1.10% |
Unemployment rate | 6.30% | 5.80% |
House price growth | (4.60%) | (6.60%) |
Commercial real estate price growth | (5.50%) | (3.40%) |
UK Bank Rate | 0.80% | 0.55% |
CPI inflation | 1.80% | 1.30% |
Downside | 2025 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 1.40% | 1.20% |
Unemployment rate | 6.10% | 5.70% |
House price growth | (5.10%) | (4.70%) |
Commercial real estate price growth | (3.60%) | (0.30%) |
UK Bank Rate | 0.85% | 0.69% |
CPI inflation | 0.60% | 1.60% |
Downside | 2026 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 1.70% | |
Unemployment rate | 5.90% | |
House price growth | (3.50%) | |
Commercial real estate price growth | (0.70%) | |
UK Bank Rate | 0.95% | |
CPI inflation | 0.70% | |
Severe downside | 2021 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 6.80% | |
Unemployment rate | 4.90% | |
House price growth | 9.10% | |
Commercial real estate price growth | 5.80% | |
UK Bank Rate | 0.14% | |
CPI inflation | 2.60% | |
Severe downside | 2022 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 1.60% | 0.90% |
Unemployment rate | 5.80% | 7.70% |
House price growth | (1.60%) | (7.30%) |
Commercial real estate price growth | (14.90%) | (19.60%) |
UK Bank Rate | 0.04% | |
CPI inflation | 5.80% | |
UK Bank Rate – modelled | 0.76% | |
UK Bank Rate – adjusted | 2.94% | |
CPI inflation – modelled | 8.60% | |
CPI inflation – adjusted | 9.80% | |
Severe downside | 2023 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | (1.80%) | 0.40% |
Unemployment rate | 8.70% | 8.50% |
House price growth | (14.00%) | (13.90%) |
Commercial real estate price growth | (20.90%) | (12.10%) |
UK Bank Rate | 0.06% | |
CPI inflation | 2.30% | |
UK Bank Rate – modelled | 0.18% | |
UK Bank Rate – adjusted | 4.75% | |
CPI inflation – modelled | 5.10% | |
CPI inflation – adjusted | 13.70% | |
Severe downside | 2024 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 1% | 1% |
Unemployment rate | 8.70% | 8.10% |
House price growth | (12.30%) | (12.50%) |
Commercial real estate price growth | (11.00%) | (5.30%) |
UK Bank Rate | 0.08% | |
CPI inflation | 0.50% | |
UK Bank Rate – modelled | 0.18% | |
UK Bank Rate – adjusted | 3% | |
CPI inflation – modelled | 0.90% | |
CPI inflation – adjusted | 4.10% | |
Severe downside | 2025 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 1.40% | 1.40% |
Unemployment rate | 8.30% | 7.60% |
House price growth | (10.50%) | (8.40%) |
Commercial real estate price growth | (5.60%) | (0.50%) |
UK Bank Rate | 0.09% | |
CPI inflation | 0.90% | |
UK Bank Rate – modelled | 0.21% | |
UK Bank Rate – adjusted | 2.25% | |
CPI inflation – modelled | (0.50%) | |
CPI inflation – adjusted | 1.70% | |
Severe downside | 2026 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 1.60% | |
Unemployment rate | 7.70% | |
House price growth | (6.40%) | |
Commercial real estate price growth | 1% | |
UK Bank Rate – modelled | 0.24% | |
UK Bank Rate – adjusted | 2.25% | |
CPI inflation – modelled | (0.50%) | |
CPI inflation – adjusted | 0.10% | |
Probability-weighted | 2021 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 7% | |
Unemployment rate | 4.60% | |
House price growth | 9.60% | |
Commercial real estate price growth | 9.90% | |
UK Bank Rate | 0.14% | |
CPI inflation | 2.60% | |
Probability-weighted | 2022 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 3.10% | 3.40% |
Unemployment rate | 4% | 4.70% |
House price growth | 1.30% | (1.40%) |
Commercial real estate price growth | 0.50% | (3.90%) |
UK Bank Rate | 0.82% | |
CPI inflation | 5.90% | |
UK Bank Rate – modelled | 1.37% | |
UK Bank Rate – adjusted | 1.59% | |
CPI inflation – modelled | 8.60% | |
CPI inflation – adjusted | 8.80% | |
Probability-weighted | 2023 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 0.30% | 1.30% |
Unemployment rate | 4.70% | 5% |
House price growth | (3.00%) | (2.30%) |
Commercial real estate price growth | (6.60%) | (3.70%) |
UK Bank Rate | 0.99% | |
CPI inflation | 2.90% | |
UK Bank Rate – modelled | 2% | |
UK Bank Rate – adjusted | 2.46% | |
CPI inflation – modelled | 5.50% | |
CPI inflation – adjusted | 6.30% | |
Probability-weighted | 2024 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 1.50% | 1.20% |
Unemployment rate | 5% | 5% |
House price growth | 1.20% | (1.70%) |
Commercial real estate price growth | (3.00%) | (1.20%) |
UK Bank Rate | 1.04% | |
CPI inflation | 1.70% | |
UK Bank Rate – modelled | 1.75% | |
UK Bank Rate – adjusted | 2.03% | |
CPI inflation – modelled | 2% | |
CPI inflation – adjusted | 2.30% | |
Probability-weighted | 2025 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 1.50% | 1.30% |
Unemployment rate | 5% | 4.90% |
House price growth | (0.50%) | (1.00%) |
Commercial real estate price growth | (2.30%) | (0.10%) |
UK Bank Rate | 1.20% | |
CPI inflation | 2.20% | |
UK Bank Rate – modelled | 1.74% | |
UK Bank Rate – adjusted | 1.94% | |
CPI inflation – modelled | 1.10% | |
CPI inflation – adjusted | 1.30% | |
Probability-weighted | 2026 | ||
Schedule Of Key Economic Assumptions [Line Items] | ||
Gross domestic product | 1.70% | |
Unemployment rate | 4.90% | |
House price growth | (0.10%) | |
Commercial real estate price growth | 0.10% | |
UK Bank Rate – modelled | 1.75% | |
UK Bank Rate – adjusted | 1.95% | |
CPI inflation – modelled | 1.30% | |
CPI inflation – adjusted | 1.30% |
Critical accounting judgement_5
Critical accounting judgements and key sources of estimation uncertainty - Schedule of ECL Sensitivity to Economic Assumptions (Details) - GBP (£) £ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Probability-weighted | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | £ 4,064 | £ 4,000 |
Upside | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 3,367 | 3,521 |
Base case | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 3,692 | 3,779 |
Downside | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 4,364 | 4,286 |
Severe downside | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 6,369 | 5,241 |
UK mortgages | Probability-weighted | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 837 | 837 |
UK mortgages | Upside | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 462 | 637 |
UK mortgages | Base case | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 610 | 723 |
UK mortgages | Downside | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 980 | 967 |
UK mortgages | Severe downside | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 2,213 | 1,386 |
Credit cards | Probability-weighted | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 629 | 521 |
Credit cards | Upside | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 546 | 442 |
Credit cards | Base case | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 597 | 500 |
Credit cards | Downside | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 686 | 569 |
Credit cards | Severe downside | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 804 | 672 |
Other Retail | Probability-weighted | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 997 | 908 |
Other Retail | Upside | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 949 | 844 |
Other Retail | Base case | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 981 | 892 |
Other Retail | Downside | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 1,029 | 947 |
Other Retail | Severe downside | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 1,093 | 1,034 |
Commercial Banking | Probability-weighted | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 1,383 | 1,316 |
Commercial Banking | Upside | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 1,194 | 1,182 |
Commercial Banking | Base case | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 1,286 | 1,246 |
Commercial Banking | Downside | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 1,451 | 1,384 |
Commercial Banking | Severe downside | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 2,040 | 1,728 |
Other | Probability-weighted | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 218 | 418 |
Other | Upside | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 216 | 416 |
Other | Base case | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 218 | 418 |
Other | Downside | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | 218 | 419 |
Other | Severe downside | ||
Schedule of multiple economic scenarios [Line Items] | ||
ECL allowance | £ 219 | £ 421 |
Critical accounting judgement_6
Critical accounting judgements and key sources of estimation uncertainty - Disclosure of Expected Credit Loss (Details) - GBP (£) £ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
10pp increase in HPI | ||
Schedule Of Expected Credit Loss [Line Items] | ||
ECL impact | £ (137) | £ (112) |
10pp decrease in HPI | ||
Schedule Of Expected Credit Loss [Line Items] | ||
ECL impact | 216 | 162 |
1pp increase in unemployment | ||
Schedule Of Expected Credit Loss [Line Items] | ||
ECL impact | 103 | 107 |
1pp decrease in unemployment | ||
Schedule Of Expected Credit Loss [Line Items] | ||
ECL impact | (92) | (95) |
UK mortgages | 1pp increase in unemployment | ||
Schedule Of Expected Credit Loss [Line Items] | ||
ECL impact | 13 | 23 |
UK mortgages | 1pp decrease in unemployment | ||
Schedule Of Expected Credit Loss [Line Items] | ||
ECL impact | (11) | (18) |
Credit cards | 1pp increase in unemployment | ||
Schedule Of Expected Credit Loss [Line Items] | ||
ECL impact | 22 | 20 |
Credit cards | 1pp decrease in unemployment | ||
Schedule Of Expected Credit Loss [Line Items] | ||
ECL impact | (22) | (20) |
Other Retail | 1pp increase in unemployment | ||
Schedule Of Expected Credit Loss [Line Items] | ||
ECL impact | 14 | 14 |
Other Retail | 1pp decrease in unemployment | ||
Schedule Of Expected Credit Loss [Line Items] | ||
ECL impact | (13) | (14) |
Commercial Banking | 1pp increase in unemployment | ||
Schedule Of Expected Credit Loss [Line Items] | ||
ECL impact | 53 | 49 |
Commercial Banking | 1pp decrease in unemployment | ||
Schedule Of Expected Credit Loss [Line Items] | ||
ECL impact | (45) | (42) |
Other | 1pp increase in unemployment | ||
Schedule Of Expected Credit Loss [Line Items] | ||
ECL impact | 1 | 1 |
Other | 1pp decrease in unemployment | ||
Schedule Of Expected Credit Loss [Line Items] | ||
ECL impact | £ (1) | £ (1) |
Critical accounting judgement_7
Critical accounting judgements and key sources of estimation uncertainty - Disclosure of Application of Judgement in Adjustments to Modelled ECL (Details) - GBP (£) £ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | £ 4,064 | £ 4,000 |
Modelled ECL | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 2,357 | 1,817 |
Individually Assessed | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 911 | 905 |
Judgements due to COVID-19 | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 288 | 773 |
Judgements due to inflationary risks | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 270 | 52 |
Other judgements | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 238 | 453 |
UK mortgages | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 837 | 837 |
UK mortgages | Modelled ECL | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 565 | 292 |
UK mortgages | Individually Assessed | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
UK mortgages | Judgements due to COVID-19 | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 39 | 67 |
UK mortgages | Judgements due to inflationary risks | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 52 |
UK mortgages | Other judgements | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 233 | 426 |
Credit cards | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 629 | 521 |
Credit cards | Modelled ECL | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 528 | 436 |
Credit cards | Individually Assessed | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Credit cards | Judgements due to COVID-19 | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 18 | 94 |
Credit cards | Judgements due to inflationary risks | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 91 | 0 |
Credit cards | Other judgements | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | (8) | (9) |
Other Retail | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 997 | 908 |
Other Retail | Modelled ECL | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 856 | 801 |
Other Retail | Individually Assessed | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Other Retail | Judgements due to COVID-19 | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 16 | 57 |
Other Retail | Judgements due to inflationary risks | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 63 | 0 |
Other Retail | Other judgements | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 62 | 50 |
Commercial Banking | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 1,383 | 1,316 |
Commercial Banking | Modelled ECL | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 390 | 270 |
Commercial Banking | Individually Assessed | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 911 | 905 |
Commercial Banking | Judgements due to COVID-19 | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 15 | 155 |
Commercial Banking | Judgements due to inflationary risks | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 116 | 0 |
Commercial Banking | Other judgements | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | (49) | (14) |
Other | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 218 | 418 |
Other | Modelled ECL | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 18 | 18 |
Other | Individually Assessed | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Other | Judgements due to COVID-19 | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 200 | 400 |
Other | Judgements due to inflationary risks | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Other | Other judgements | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | £ 0 | £ 0 |
Critical accounting judgement_8
Critical accounting judgements and key sources of estimation uncertainty - Application of Judgement in Adjustments to Modelled ECL by Nature (Details) - GBP (£) £ in Millions | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | £ 4,064 | £ 4,000 |
Judgements due to COVID-19 | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 288 | 773 |
Judgements due to inflationary risks | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 270 | 52 |
Other judgements | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 238 | 453 |
UK mortgages | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 837 | 837 |
UK mortgages | Judgements due to COVID-19 | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 39 | 67 |
UK mortgages | Judgements due to inflationary risks | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 52 |
UK mortgages | Other judgements | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | £ 233 | 426 |
Probability of possession (in percent) | 95% | |
UK mortgages | Judgements due to COVID-19 | Time to repossession | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | £ 39 | 52 |
UK mortgages | Other judgements | Long-term defaults | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | 115 | 87 |
UK mortgages | Other judgements | End-of-term interest only | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | 28 | 174 |
UK mortgages | Other judgements | Adjustment for specific segments | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | 50 | 54 |
UK mortgages | Other judgements | Adjustment for specific sector, probability of default on forborne accounts | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | 18 | |
UK mortgages | Other judgements | Adjustment for specific sector, safety and cladding uncertainty | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | 36 | |
Credit cards | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 629 | 521 |
Credit cards | Judgements due to COVID-19 | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 18 | 94 |
Credit cards | Judgements due to inflationary risks | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 91 | 0 |
Credit cards | Other judgements | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | (8) | (9) |
Credit cards | Judgements due to COVID-19 | Support measures | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | 18 | 94 |
Credit cards | Judgements due to inflationary risks | Inflation / Cost of living risk | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | 56 | 0 |
Credit cards | Judgements due to inflationary risks | Adjustment to unsecured affordability model | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | 35 | 0 |
Credit cards | Other judgements | Lifetime extension on revolving products | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | 57 | 41 |
Credit cards | Other judgements | Other impacts | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | 63 | 37 |
Other Retail | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 997 | 908 |
Other Retail | Judgements due to COVID-19 | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 16 | 57 |
Other Retail | Judgements due to inflationary risks | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 63 | 0 |
Other Retail | Other judgements | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 62 | 50 |
Other Retail | Judgements due to COVID-19 | Support measures | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | 16 | 40 |
Other Retail | Judgements due to inflationary risks | Inflation / Cost of living risk | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | 33 | 0 |
Other Retail | Judgements due to inflationary risks | Adjustment to unsecured affordability model | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | 30 | 0 |
Other Retail | Other judgements | Lifetime extension on revolving products | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | 9 | 5 |
Other Retail | Other judgements | Other impacts | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | 45 | 26 |
Commercial Banking | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 1,383 | 1,316 |
Commercial Banking | Judgements due to COVID-19 | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 15 | 155 |
Commercial Banking | Judgements due to inflationary risks | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 116 | 0 |
Commercial Banking | Other judgements | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | (49) | (14) |
Commercial Banking | Judgements due to COVID-19 | Other economic impacts | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | 21 | 88 |
Commercial Banking | Judgements due to COVID-19 | Key coronavirus-impacted sectors | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | 0 | 80 |
Commercial Banking | Judgements due to inflationary risks | Sectors at risk | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | 116 | 0 |
Commercial Banking | Other judgements | Other impacts | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Increase in credit loss | (49) | (14) |
Other | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 218 | 418 |
Other | Judgements due to COVID-19 | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 200 | 400 |
Other | Judgements due to inflationary risks | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Other | Other judgements | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Other | Judgements due to COVID-19 | Central overlay in respect of economic uncertainty | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | £ 200 | £ 400 |
Allowance account for credit losses of financial assets, re-weighting percentage | 5% | |
Other | Judgements due to COVID-19 | Central overlay in respect of economic uncertainty | 1pp increase in unemployment | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets, sensitivity adjustment | 1% | |
Other | Judgements due to COVID-19 | Central overlay in respect of economic uncertainty | 10pp decrease in HPI | ||
Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets, sensitivity adjustment | 1,000% |
Segmental analysis - Schedule o
Segmental analysis - Schedule of Operating Segments (Details) - GBP (£) £ in Millions | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | ||
Schedule Of Operating Segments [Line Items] | ||||
Net interest income | £ 6,089 | £ 5,376 | ||
Other income | 1,963 | 1,931 | ||
Total income | 8,052 | 7,307 | ||
Costs | (4,405) | (4,564) | ||
Impairment (charge) credit | (364) | 677 | ||
Profit before tax | 3,283 | 3,420 | [1] | |
Segment income | 8,052 | 7,307 | ||
Segment external assets | 626,323 | £ 602,849 | ||
Segment external liabilities | 585,608 | 562,077 | ||
Retail | ||||
Schedule Of Operating Segments [Line Items] | ||||
Net interest income | 4,819 | 4,392 | ||
Other income | 956 | 830 | ||
Total income | 5,775 | 5,222 | ||
Costs | (3,024) | (2,963) | ||
Impairment (charge) credit | (314) | 89 | ||
Profit before tax | 2,437 | 2,348 | ||
Segment income | 5,775 | 5,222 | ||
Commercial Banking | ||||
Schedule Of Operating Segments [Line Items] | ||||
Net interest income | 1,109 | 930 | ||
Other income | 347 | 377 | ||
Total income | 1,456 | 1,307 | ||
Costs | (871) | (943) | ||
Impairment (charge) credit | (77) | 585 | ||
Profit before tax | 508 | 949 | ||
Segment income | 1,456 | 1,307 | ||
Other | ||||
Schedule Of Operating Segments [Line Items] | ||||
Net interest income | 161 | 54 | ||
Other income | 660 | 724 | ||
Total income | 821 | 778 | ||
Costs | (510) | (658) | ||
Impairment (charge) credit | 27 | 3 | ||
Profit before tax | 338 | 123 | ||
Segment income | 821 | 778 | ||
External income | ||||
Schedule Of Operating Segments [Line Items] | ||||
Total income | 8,052 | 7,307 | ||
Segment income | 8,052 | 7,307 | ||
Segment external assets | 626,323 | 602,849 | ||
Segment external liabilities | 585,608 | 562,077 | ||
External income | Retail | ||||
Schedule Of Operating Segments [Line Items] | ||||
Total income | 6,004 | 5,721 | ||
Segment income | 6,004 | 5,721 | ||
Segment external assets | 376,473 | 372,152 | ||
Segment external liabilities | 326,049 | 323,118 | ||
External income | Commercial Banking | ||||
Schedule Of Operating Segments [Line Items] | ||||
Total income | 1,316 | 1,280 | ||
Segment income | 1,316 | 1,280 | ||
Segment external assets | 81,403 | 77,045 | ||
Segment external liabilities | 120,995 | 119,077 | ||
External income | Other | ||||
Schedule Of Operating Segments [Line Items] | ||||
Total income | 732 | 306 | ||
Segment income | 732 | 306 | ||
Segment external assets | 168,447 | 153,652 | ||
Segment external liabilities | 138,564 | £ 119,882 | ||
Inter-segment income (expense) | ||||
Schedule Of Operating Segments [Line Items] | ||||
Total income | 0 | 0 | ||
Segment income | 0 | 0 | ||
Inter-segment income (expense) | Retail | ||||
Schedule Of Operating Segments [Line Items] | ||||
Total income | (229) | (499) | ||
Segment income | (229) | (499) | ||
Inter-segment income (expense) | Commercial Banking | ||||
Schedule Of Operating Segments [Line Items] | ||||
Total income | 140 | 27 | ||
Segment income | 140 | 27 | ||
Inter-segment income (expense) | Other | ||||
Schedule Of Operating Segments [Line Items] | ||||
Total income | 89 | 472 | ||
Segment income | £ 89 | £ 472 | ||
[1]Restated, see page 34 |
Segmental analysis - Narrative
Segmental analysis - Narrative (Details) | 6 Months Ended |
Jun. 30, 2022 Segment | |
Disclosure of operating segments [abstract] | |
Number of reporting segments | 2 |
Net fee and commission income_2
Net fee and commission income (Details) - GBP (£) £ in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Fee and commission income: | ||
Current accounts | £ 328 | £ 310 |
Credit and debit card fees | 558 | 381 |
Commercial banking and treasury fees | 117 | 167 |
Factoring | 41 | 38 |
Other fees and commissions | 136 | 174 |
Total fee and commission income | 1,180 | 1,070 |
Fee and commission expense | (532) | (480) |
Net fee and commission income | £ 648 | £ 590 |
Operating expenses (Details)
Operating expenses (Details) - GBP (£) £ in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Operating Expenses [Abstract] | ||
Staff costs | £ 1,907 | £ 1,868 |
Premises and equipment costs | 126 | 112 |
Other expenses | 1,185 | 1,364 |
Depreciation and amortisation | 1,187 | 1,220 |
Total operating expenses | £ 4,405 | £ 4,564 |
Impairment - Schedule of Impair
Impairment - Schedule of Impairment (Details) - GBP (£) £ in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Schedule Of Impairment [Line Items] | ||
Total impairment charge (credit) | £ 364 | £ (677) |
Impairment charge (credit) on drawn balances | ||
Schedule Of Impairment [Line Items] | ||
Total impairment charge (credit) | 332 | (597) |
Provisions in relation to loan commitments and financial guarantees | ||
Schedule Of Impairment [Line Items] | ||
Total impairment charge (credit) | 32 | (78) |
Financial assets at amortised cost | ||
In respect of: | ||
Impairment loss on financial assets | 332 | (597) |
Financial assets at amortised cost | Loans and advances to banks | ||
In respect of: | ||
Impairment loss on financial assets | 1 | (3) |
Financial assets at amortised cost | Loans and advances to customers | ||
In respect of: | ||
Impairment loss on financial assets | 329 | (594) |
Financial assets at amortised cost | Debt securities | ||
In respect of: | ||
Impairment loss on financial assets | 2 | 0 |
Financial assets at fair value through other comprehensive income | ||
Schedule Of Impairment [Line Items] | ||
Total impairment charge (credit) | 0 | (2) |
Impairment | ||
Schedule Of Impairment [Line Items] | ||
Impact of transfers between stages | 419 | 152 |
Other changes in credit quality | 15 | (473) |
Additions and repayments | (76) | (359) |
Methodology and model changes | 2 | 3 |
Other items | 4 | 0 |
Total charge in the period, excluding transfers | £ (55) | £ (829) |
Impairment - Narrative (Details
Impairment - Narrative (Details) - GBP (£) £ in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Disclosure of impairment loss and reversal of impairment loss [abstract] | ||
Residual impairment and voluntary termination charge | £ 0 | £ 41 |
Tax expense (Details)
Tax expense (Details) - GBP (£) £ in Millions | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | ||
Income taxes paid (refund) [abstract] | |||
Profit before tax | £ 3,283 | £ 3,420 | [1] |
UK corporation tax thereon at 19 per cent (2021: 19 per cent) | (624) | (650) | |
Impact of surcharge on banking profits | (168) | (212) | |
Non-deductible costs: conduct charges | (4) | (7) | |
Other non-deductible costs | (3) | (40) | |
Non-taxable income | 35 | 12 | |
Tax relief on coupons on other equity instruments | 0 | 39 | |
Tax-exempt gains on disposals | 0 | 2 | |
Tax losses where no deferred tax recognised | (4) | (5) | |
Remeasurement of deferred tax due to rate changes | (16) | 1,189 | |
Differences in overseas tax rates | (44) | (19) | |
Adjustments in respect of prior years | (14) | (21) | |
Tax (expense) credit | £ (842) | £ 288 | |
UK corporation tax rate | 19% | 19% | |
[1]Restated, see page 34 |
Financial assets at fair valu_3
Financial assets at fair value through profit (Details) - GBP (£) £ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Disclosure of financial assets [line items] | ||
Financial assets mandatorily at fair value through profit or loss: | £ 1,429 | £ 1,798 |
Financial assets at fair value through profit or loss | 1,429 | 1,798 |
Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets mandatorily at fair value through profit or loss: | 1,188 | 1,559 |
Equity shares | ||
Disclosure of financial assets [line items] | ||
Financial assets mandatorily at fair value through profit or loss: | £ 241 | £ 239 |
Financial assets at amortised_3
Financial assets at amortised cost - Loans and Advances to Banks, Customers, and of Debt Securities (Details) - GBP (£) £ in Millions | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | £ 4,000 | |
Allowance account for credit losses of financial assets at end of period | 4,064 | £ 4,000 |
Net carrying amount | 5,661 | 4,478 |
Net carrying amount | 434,968 | 430,829 |
Net carrying amount | 52,057 | 49,708 |
Net carrying amount | 6,401 | 4,562 |
Total financial assets at amortised cost | 499,801 | 490,316 |
Loans and advances to banks | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 0 | 4 |
Exchange and other adjustments | 0 | 0 |
Other changes in credit quality | 1 | (3) |
Additions and repayments | 0 | (1) |
Charge (credit) to the income statement | 1 | (4) |
Allowance account for credit losses of financial assets at end of period | 1 | 0 |
Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 3,804 | 5,701 |
Exchange and other adjustments | 75 | 119 |
Impact of transfers between stages | 401 | (12) |
Other changes in credit quality | 6 | (289) |
Additions and repayments | (80) | (738) |
Methodology and model changes | 2 | (42) |
Charge (credit) to the income statement | 329 | (1,081) |
Advances written off | (445) | (1,094) |
Recoveries of advances written off in previous years | 71 | 159 |
Allowance account for credit losses of financial assets at end of period | 3,834 | 3,804 |
Debt securities | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 2 | 1 |
Exchange and other adjustments | 0 | 1 |
Impact of transfers between stages | 0 | |
Other changes in credit quality | 1 | |
Additions and repayments | 1 | 0 |
Charge (credit) to the income statement | 2 | |
Allowance account for credit losses of financial assets at end of period | 4 | 2 |
Loans and advances to banks | ||
Disclosure of financial assets [line items] | ||
Loans and advances to banks, beginning balance | 4,478 | 4,328 |
Allowance account for credit losses of financial assets at beginning of period | 0 | |
Exchange and other adjustments | 383 | 15 |
Additions and repayments | 801 | 135 |
Loans and advances to banks, ending balance | 5,662 | 4,478 |
Allowance account for credit losses of financial assets at end of period | 1 | 0 |
Net carrying amount | 5,661 | 4,478 |
Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Loans and advances to customers, beginning balance | 434,633 | 431,395 |
Allowance account for credit losses of financial assets at beginning of period | 3,804 | |
Exchange and other adjustments | (933) | (2,563) |
Impact of transfers between stages | 0 | 0 |
Additions and repayments | 5,476 | 6,736 |
Advances written off | (445) | (1,094) |
Recoveries of advances written off in previous years | 71 | 159 |
Loans and advances to customers, ending balance | 438,802 | 434,633 |
Allowance account for credit losses of financial assets at end of period | 3,834 | 3,804 |
Net carrying amount | 434,968 | 430,829 |
Stage 1 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 1 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | |
Stage 2 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 2 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | |
Stage 3 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | 0 |
Impact of transfers between stages | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 401 | (12) |
Impact of transfers between stages | Debt securities | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | 0 |
Reverse repurchase agreements | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 0 | |
Reverse repurchase agreements, ending balance | 52,057 | 49,708 |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
Net carrying amount | 52,057 | 49,708 |
Debt securities | ||
Disclosure of financial assets [line items] | ||
Debt securities, beginning balance | 4,564 | 5,138 |
Allowance account for credit losses of financial assets at beginning of period | 2 | |
Exchange and other adjustments | 175 | (20) |
Impact of transfers between stages | 0 | 0 |
Additions and repayments | 1,666 | (554) |
Debt securities, ending balance | 6,405 | 4,564 |
Allowance account for credit losses of financial assets at end of period | 4 | 2 |
Net carrying amount | 6,401 | 4,562 |
Due from fellow Lloyds Banking Group undertakings | ||
Disclosure of financial assets [line items] | ||
Due from fellow Lloyds Banking Group undertakings, beginning balance | 739 | |
Allowance account for credit losses of financial assets at beginning of period | 0 | |
Due from fellow Lloyds Banking Group undertakings, ending balance | 714 | 739 |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
Net carrying amount | 714 | 739 |
Stage 1 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 1 | 0 | 0 |
Stage 1 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 1 | 0 | |
Stage 2 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 2 | 0 | 0 |
Stage 2 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 2 | 0 | |
Stage 3 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 3 | 0 | 0 |
Stage 1 | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 1,013 | |
Allowance account for credit losses of financial assets at end of period | 881 | 1,013 |
Stage 1 | Loans and advances to banks | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 0 | 4 |
Exchange and other adjustments | 0 | 0 |
Other changes in credit quality | 1 | (3) |
Additions and repayments | 0 | (1) |
Charge (credit) to the income statement | 1 | (4) |
Allowance account for credit losses of financial assets at end of period | 1 | 0 |
Stage 1 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 909 | 1,347 |
Exchange and other adjustments | 1 | (2) |
Impact of transfers between stages | (4) | 75 |
Other changes in credit quality | (173) | (239) |
Additions and repayments | 32 | (209) |
Methodology and model changes | (2) | (63) |
Charge (credit) to the income statement | (147) | (436) |
Allowance account for credit losses of financial assets at end of period | 763 | 909 |
Stage 1 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 1 | 0 |
Exchange and other adjustments | 0 | 1 |
Impact of transfers between stages | 0 | |
Other changes in credit quality | 1 | |
Additions and repayments | 1 | 0 |
Charge (credit) to the income statement | 2 | |
Allowance account for credit losses of financial assets at end of period | 3 | 1 |
Stage 1 | Stage 1 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 173 | 562 |
Stage 1 | Stage 1 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | |
Stage 1 | Stage 2 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | (46) | (48) |
Stage 1 | Stage 2 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | |
Stage 1 | Stage 3 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | (2) | (13) |
Stage 1 | Impact of transfers between stages | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | (129) | (426) |
Stage 1 | Impact of transfers between stages | Debt securities | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 1 | Due from fellow Lloyds Banking Group undertakings | ||
Disclosure of financial assets [line items] | ||
Due from fellow Lloyds Banking Group undertakings, beginning balance | 739 | |
Allowance account for credit losses of financial assets at beginning of period | 0 | |
Due from fellow Lloyds Banking Group undertakings, ending balance | 714 | 739 |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
Net carrying amount | 714 | 739 |
Stage 2 | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 1,198 | |
Allowance account for credit losses of financial assets at end of period | 1,361 | 1,198 |
Stage 2 | Loans and advances to banks | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 0 | 0 |
Exchange and other adjustments | 0 | 0 |
Other changes in credit quality | 0 | 0 |
Additions and repayments | 0 | 0 |
Charge (credit) to the income statement | 0 | 0 |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
Stage 2 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 1,112 | 2,125 |
Exchange and other adjustments | 0 | (5) |
Impact of transfers between stages | 213 | (423) |
Other changes in credit quality | (19) | (256) |
Additions and repayments | (33) | (344) |
Methodology and model changes | (19) | 15 |
Charge (credit) to the income statement | 142 | (1,008) |
Allowance account for credit losses of financial assets at end of period | 1,254 | 1,112 |
Stage 2 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 0 | 0 |
Exchange and other adjustments | 0 | 0 |
Impact of transfers between stages | 0 | |
Other changes in credit quality | 0 | |
Additions and repayments | 0 | 0 |
Charge (credit) to the income statement | 0 | |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
Stage 2 | Stage 1 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | (166) | (551) |
Stage 2 | Stage 1 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | |
Stage 2 | Stage 2 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 101 | 155 |
Stage 2 | Stage 2 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | |
Stage 2 | Stage 3 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | (74) | (220) |
Stage 2 | Impact of transfers between stages | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 352 | 193 |
Stage 2 | Impact of transfers between stages | Debt securities | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 2 | Due from fellow Lloyds Banking Group undertakings | ||
Disclosure of financial assets [line items] | ||
Due from fellow Lloyds Banking Group undertakings, beginning balance | 0 | |
Allowance account for credit losses of financial assets at beginning of period | 0 | |
Due from fellow Lloyds Banking Group undertakings, ending balance | 0 | 0 |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
Net carrying amount | 0 | 0 |
Stage 3 | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 1,579 | |
Allowance account for credit losses of financial assets at end of period | 1,620 | 1,579 |
Stage 3 | Loans and advances to banks | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 0 | 0 |
Exchange and other adjustments | 0 | 0 |
Other changes in credit quality | 0 | 0 |
Additions and repayments | 0 | 0 |
Charge (credit) to the income statement | 0 | 0 |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
Stage 3 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 1,573 | 1,968 |
Exchange and other adjustments | 21 | 5 |
Impact of transfers between stages | 192 | 336 |
Other changes in credit quality | 206 | 254 |
Additions and repayments | (67) | (98) |
Methodology and model changes | 45 | 6 |
Charge (credit) to the income statement | 376 | 498 |
Advances written off | (426) | (1,057) |
Recoveries of advances written off in previous years | 71 | 159 |
Allowance account for credit losses of financial assets at end of period | 1,615 | 1,573 |
Stage 3 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 1 | 1 |
Exchange and other adjustments | 0 | 0 |
Impact of transfers between stages | 0 | |
Other changes in credit quality | 0 | |
Additions and repayments | 0 | 0 |
Charge (credit) to the income statement | 0 | |
Allowance account for credit losses of financial assets at end of period | 1 | 1 |
Stage 3 | Stage 1 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | (7) | (11) |
Stage 3 | Stage 1 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | |
Stage 3 | Stage 2 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | (55) | (107) |
Stage 3 | Stage 2 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | |
Stage 3 | Stage 3 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 76 | 233 |
Stage 3 | Impact of transfers between stages | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 178 | 221 |
Stage 3 | Impact of transfers between stages | Debt securities | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 3 | Due from fellow Lloyds Banking Group undertakings | ||
Disclosure of financial assets [line items] | ||
Due from fellow Lloyds Banking Group undertakings, beginning balance | 0 | |
Allowance account for credit losses of financial assets at beginning of period | 0 | |
Due from fellow Lloyds Banking Group undertakings, ending balance | 0 | 0 |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
Net carrying amount | 0 | 0 |
POCI | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at end of period | 202 | |
POCI | Loans and advances to banks | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 0 | 0 |
Exchange and other adjustments | 0 | 0 |
Other changes in credit quality | 0 | |
Additions and repayments | 0 | 0 |
Charge (credit) to the income statement | 0 | 0 |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
POCI | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 210 | 261 |
Exchange and other adjustments | 53 | 121 |
Other changes in credit quality | (8) | (48) |
Additions and repayments | (12) | (87) |
Methodology and model changes | (22) | 0 |
Charge (credit) to the income statement | (42) | (135) |
Advances written off | (19) | (37) |
Recoveries of advances written off in previous years | 0 | 0 |
Allowance account for credit losses of financial assets at end of period | 202 | 210 |
POCI | Debt securities | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 0 | 0 |
Exchange and other adjustments | 0 | 0 |
Other changes in credit quality | 0 | |
Additions and repayments | 0 | 0 |
Charge (credit) to the income statement | 0 | |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
POCI | Stage 2 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | |
POCI | Impact of transfers between stages | Debt securities | ||
Disclosure of financial assets [line items] | ||
Impact of transfers between stages | 0 | |
POCI | Due from fellow Lloyds Banking Group undertakings | ||
Disclosure of financial assets [line items] | ||
Due from fellow Lloyds Banking Group undertakings, beginning balance | 0 | |
Allowance account for credit losses of financial assets at beginning of period | 0 | |
Due from fellow Lloyds Banking Group undertakings, ending balance | 0 | 0 |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
Net carrying amount | 0 | 0 |
Stage 1 | ||
Disclosure of financial assets [line items] | ||
Total financial assets at amortised cost | 440,589 | 440,935 |
Stage 1 | Loans and advances to banks | ||
Disclosure of financial assets [line items] | ||
Loans and advances to banks, beginning balance | 4,478 | 4,328 |
Allowance account for credit losses of financial assets at beginning of period | 0 | |
Exchange and other adjustments | 383 | 15 |
Additions and repayments | 801 | 135 |
Loans and advances to banks, ending balance | 5,662 | 4,478 |
Allowance account for credit losses of financial assets at end of period | 1 | 0 |
Net carrying amount | 5,661 | 4,478 |
Stage 1 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Loans and advances to customers, beginning balance | 382,366 | 361,161 |
Allowance account for credit losses of financial assets at beginning of period | 909 | |
Exchange and other adjustments | (953) | (2,518) |
Impact of transfers between stages | (13,767) | 5,795 |
Additions and repayments | 8,873 | 17,928 |
Loans and advances to customers, ending balance | 376,519 | 382,366 |
Allowance account for credit losses of financial assets at end of period | 763 | 909 |
Net carrying amount | 375,756 | 381,457 |
Stage 1 | Reverse repurchase agreements | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 0 | |
Reverse repurchase agreements, ending balance | 52,057 | 49,708 |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
Net carrying amount | 52,057 | 49,708 |
Stage 1 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Debt securities, beginning balance | 4,554 | 5,137 |
Allowance account for credit losses of financial assets at beginning of period | 1 | |
Exchange and other adjustments | 175 | (20) |
Impact of transfers between stages | 9 | (6) |
Additions and repayments | 1,666 | (557) |
Debt securities, ending balance | 6,404 | 4,554 |
Allowance account for credit losses of financial assets at end of period | 3 | 1 |
Net carrying amount | 6,401 | 4,553 |
Stage 1 | Stage 1 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 1 | 8,511 | 18,662 |
Stage 1 | Stage 1 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 1 | 9 | |
Stage 1 | Stage 2 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 2 | (21,699) | (11,995) |
Stage 1 | Stage 2 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 2 | (6) | |
Stage 1 | Stage 3 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 3 | (579) | (872) |
Stage 2 | ||
Disclosure of financial assets [line items] | ||
Total financial assets at amortised cost | 42,554 | 33,781 |
Stage 2 | Loans and advances to banks | ||
Disclosure of financial assets [line items] | ||
Loans and advances to banks, beginning balance | 0 | 0 |
Allowance account for credit losses of financial assets at beginning of period | 0 | |
Exchange and other adjustments | 0 | 0 |
Additions and repayments | 0 | 0 |
Loans and advances to banks, ending balance | 0 | 0 |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
Net carrying amount | 0 | 0 |
Stage 2 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Loans and advances to customers, beginning balance | 34,884 | 51,280 |
Allowance account for credit losses of financial assets at beginning of period | 1,112 | |
Exchange and other adjustments | 11 | (31) |
Impact of transfers between stages | 11,230 | (7,732) |
Additions and repayments | (2,317) | (8,633) |
Loans and advances to customers, ending balance | 43,808 | 34,884 |
Allowance account for credit losses of financial assets at end of period | 1,254 | 1,112 |
Net carrying amount | 42,554 | 33,772 |
Stage 2 | Reverse repurchase agreements | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 0 | |
Reverse repurchase agreements, ending balance | 0 | 0 |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
Net carrying amount | 0 | 0 |
Stage 2 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Debt securities, beginning balance | 9 | 0 |
Allowance account for credit losses of financial assets at beginning of period | 0 | |
Exchange and other adjustments | 0 | 0 |
Impact of transfers between stages | (9) | 6 |
Additions and repayments | 0 | 3 |
Debt securities, ending balance | 9 | |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
Net carrying amount | 0 | 9 |
Stage 2 | Stage 1 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 1 | (8,472) | (18,623) |
Stage 2 | Stage 1 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 1 | (9) | |
Stage 2 | Stage 2 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 2 | 21,981 | 12,709 |
Stage 2 | Stage 2 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 2 | 6 | |
Stage 2 | Stage 3 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 3 | (2,279) | (1,818) |
Stage 3 | ||
Disclosure of financial assets [line items] | ||
Total financial assets at amortised cost | 6,445 | 4,833 |
Stage 3 | Loans and advances to banks | ||
Disclosure of financial assets [line items] | ||
Loans and advances to banks, beginning balance | 0 | 0 |
Allowance account for credit losses of financial assets at beginning of period | 0 | |
Exchange and other adjustments | 0 | 0 |
Additions and repayments | 0 | 0 |
Loans and advances to banks, ending balance | 0 | 0 |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
Net carrying amount | 0 | 0 |
Stage 3 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Loans and advances to customers, beginning balance | 6,406 | 6,443 |
Allowance account for credit losses of financial assets at beginning of period | 1,573 | |
Exchange and other adjustments | (21) | (82) |
Impact of transfers between stages | 2,537 | 1,937 |
Additions and repayments | (507) | (994) |
Advances written off | (426) | (1,057) |
Recoveries of advances written off in previous years | 71 | 159 |
Loans and advances to customers, ending balance | 8,060 | 6,406 |
Allowance account for credit losses of financial assets at end of period | 1,615 | 1,573 |
Net carrying amount | 6,445 | 4,833 |
Stage 3 | Reverse repurchase agreements | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 0 | |
Reverse repurchase agreements, ending balance | 0 | 0 |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
Net carrying amount | 0 | 0 |
Stage 3 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Debt securities, beginning balance | 1 | 1 |
Allowance account for credit losses of financial assets at beginning of period | 1 | |
Exchange and other adjustments | 0 | 0 |
Impact of transfers between stages | 0 | 0 |
Additions and repayments | 0 | 0 |
Debt securities, ending balance | 1 | 1 |
Allowance account for credit losses of financial assets at end of period | 1 | 1 |
Net carrying amount | 0 | 0 |
Stage 3 | Stage 1 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 1 | (39) | (39) |
Stage 3 | Stage 1 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 1 | 0 | |
Stage 3 | Stage 2 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 2 | (282) | (714) |
Stage 3 | Stage 2 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 2 | 0 | |
Stage 3 | Stage 3 | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 3 | 2,858 | 2,690 |
POCI | ||
Disclosure of financial assets [line items] | ||
Total financial assets at amortised cost | 10,213 | 10,767 |
POCI | Loans and advances to banks | ||
Disclosure of financial assets [line items] | ||
Loans and advances to banks, beginning balance | 0 | 0 |
Allowance account for credit losses of financial assets at beginning of period | 0 | |
Exchange and other adjustments | 0 | 0 |
Additions and repayments | 0 | 0 |
Loans and advances to banks, ending balance | 0 | 0 |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
Net carrying amount | 0 | 0 |
POCI | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Loans and advances to customers, beginning balance | 10,977 | 12,511 |
Allowance account for credit losses of financial assets at beginning of period | 210 | |
Exchange and other adjustments | 30 | 68 |
Additions and repayments | (573) | (1,565) |
Advances written off | (19) | (37) |
Recoveries of advances written off in previous years | 0 | 0 |
Loans and advances to customers, ending balance | 10,415 | 10,977 |
Allowance account for credit losses of financial assets at end of period | 202 | 210 |
Net carrying amount | 10,213 | 10,767 |
POCI | Reverse repurchase agreements | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets at beginning of period | 0 | |
Reverse repurchase agreements, ending balance | 0 | 0 |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
Net carrying amount | 0 | 0 |
POCI | Debt securities | ||
Disclosure of financial assets [line items] | ||
Debt securities, beginning balance | 0 | 0 |
Allowance account for credit losses of financial assets at beginning of period | 0 | |
Exchange and other adjustments | 0 | 0 |
Impact of transfers between stages | 0 | |
Additions and repayments | 0 | 0 |
Debt securities, ending balance | 0 | 0 |
Allowance account for credit losses of financial assets at end of period | 0 | 0 |
Net carrying amount | £ 0 | 0 |
POCI | Stage 2 | Debt securities | ||
Disclosure of financial assets [line items] | ||
Transfers to Stage 2 | £ 0 |
Financial assets at amortised_4
Financial assets at amortised cost - Narrative (Details) - GBP (£) £ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets | £ 4,064 | £ 4,000 |
Residual value and voluntary terminations | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets | £ 94 | £ 95 |
Financial assets at amortised_5
Financial assets at amortised cost - Schedule of Undrawn Balances (Details) - GBP (£) £ in Millions | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Disclosure Of Retail Mortgages [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | £ 4,000 | |
Allowance account for credit losses of financial assets at end of period | 4,064 | £ 4,000 |
Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Exchange and other adjustments | (1) | (1) |
Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | 194 | 426 |
Impact of transfers between stages | 18 | (49) |
Other items taken to the income statement | 14 | (182) |
Charge to the income statement | 32 | (231) |
Allowance account for credit losses of financial assets at end of period | 225 | 194 |
Stage 1 | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 2 | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 3 | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Impact of transfers between stages | 0 | 0 |
Impact of transfers between stages | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Impact of transfers between stages | 18 | (49) |
Stage 1 | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | 1,013 | |
Allowance account for credit losses of financial assets at end of period | 881 | 1,013 |
Stage 1 | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Exchange and other adjustments | (1) | 1 |
Stage 1 | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | 103 | 191 |
Impact of transfers between stages | 0 | (1) |
Other items taken to the income statement | 12 | (88) |
Charge to the income statement | 12 | (89) |
Allowance account for credit losses of financial assets at end of period | 114 | 103 |
Stage 1 | Stage 1 | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Impact of transfers between stages | 23 | 73 |
Stage 1 | Stage 2 | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Impact of transfers between stages | (5) | (8) |
Stage 1 | Stage 3 | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Impact of transfers between stages | 0 | (1) |
Stage 1 | Impact of transfers between stages | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Impact of transfers between stages | (18) | (65) |
Stage 2 | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | 1,198 | |
Allowance account for credit losses of financial assets at end of period | 1,361 | 1,198 |
Stage 2 | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Exchange and other adjustments | 1 | (2) |
Stage 2 | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | 86 | 221 |
Impact of transfers between stages | 17 | (51) |
Other items taken to the income statement | 3 | (82) |
Charge to the income statement | 20 | (133) |
Allowance account for credit losses of financial assets at end of period | 107 | 86 |
Stage 2 | Stage 1 | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Impact of transfers between stages | (23) | (73) |
Stage 2 | Stage 2 | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Impact of transfers between stages | 5 | 8 |
Stage 2 | Stage 3 | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Impact of transfers between stages | (2) | (6) |
Stage 2 | Impact of transfers between stages | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Impact of transfers between stages | 37 | 20 |
Stage 3 | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | 1,579 | |
Allowance account for credit losses of financial assets at end of period | 1,620 | 1,579 |
Stage 3 | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Exchange and other adjustments | (1) | 0 |
Stage 3 | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | 5 | 14 |
Impact of transfers between stages | 1 | 3 |
Other items taken to the income statement | (1) | (12) |
Charge to the income statement | 0 | (9) |
Allowance account for credit losses of financial assets at end of period | 4 | 5 |
Stage 3 | Stage 1 | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 3 | Stage 2 | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Impact of transfers between stages | 0 | 0 |
Stage 3 | Stage 3 | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Impact of transfers between stages | 2 | 7 |
Stage 3 | Impact of transfers between stages | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Impact of transfers between stages | (1) | (4) |
POCI | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Allowance account for credit losses of financial assets at end of period | 202 | |
POCI | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Exchange and other adjustments | 0 | 0 |
POCI | Undrawn balances | ||
Disclosure Of Retail Mortgages [Line Items] | ||
Allowance account for credit losses of financial assets at beginning of period | 0 | 0 |
Other items taken to the income statement | 0 | 0 |
Charge to the income statement | 0 | 0 |
Allowance account for credit losses of financial assets at end of period | £ 0 | £ 0 |
Financial assets at amortised_6
Financial assets at amortised cost - Schedule of Impairment (Details) - GBP (£) £ in Millions | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | £ 4,064 | £ 4,000 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 3 | 3 |
Impairment charge (credit) on drawn balances | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 3,839 | 3,806 |
Financial assets at amortised cost | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 3,839 | 3,806 |
Loans and advances to banks | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1 | 0 |
Loans and advances to customers | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 3,834 | 3,804 |
Debt securities | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 4 | 2 |
Provisions in relation to loan commitments and financial guarantees | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 225 | 194 |
Stage 1 | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 881 | 1,013 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 3 | 3 |
Stage 1 | Financial assets at amortised cost | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 767 | 910 |
Stage 1 | Loans and advances to banks | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1 | 0 |
Stage 1 | Loans and advances to customers | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 763 | 909 |
Stage 1 | Debt securities | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 3 | 1 |
Stage 1 | Provisions in relation to loan commitments and financial guarantees | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 114 | 103 |
Stage 2 | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1,361 | 1,198 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 0 | 0 |
Stage 2 | Financial assets at amortised cost | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1,254 | 1,112 |
Stage 2 | Loans and advances to banks | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Stage 2 | Loans and advances to customers | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1,254 | 1,112 |
Stage 2 | Debt securities | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Stage 2 | Provisions in relation to loan commitments and financial guarantees | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 107 | 86 |
Stage 3 | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1,620 | 1,579 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 0 | 0 |
Stage 3 | Financial assets at amortised cost | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1,616 | 1,574 |
Stage 3 | Loans and advances to banks | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Stage 3 | Loans and advances to customers | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1,615 | 1,573 |
Stage 3 | Debt securities | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 1 | 1 |
Stage 3 | Provisions in relation to loan commitments and financial guarantees | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 4 | 5 |
POCI | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 202 | |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 0 | |
POCI | Financial assets at amortised cost | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 202 | |
POCI | Loans and advances to banks | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | |
POCI | Loans and advances to customers | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 202 | |
POCI | Debt securities | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | |
POCI | Provisions in relation to loan commitments and financial guarantees | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | £ 0 | |
POCI | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 210 | |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 0 | |
POCI | Financial assets at amortised cost | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 210 | |
POCI | Loans and advances to banks | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | |
POCI | Loans and advances to customers | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 210 | |
POCI | Debt securities | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | |
POCI | Provisions in relation to loan commitments and financial guarantees | ||
Schedule Of Impairment [Line Items] | ||
Allowance account for credit losses of financial assets | £ 0 |
Allowance for impairment losses
Allowance for impairment losses (Details) - GBP (£) £ in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Schedule Of Allowance For Impairment Losses On Loans And Receivables [Line Items] | ||
Total impairment charge (credit) | £ 364 | £ (677) |
Impairment | ||
Schedule Of Allowance For Impairment Losses On Loans And Receivables [Line Items] | ||
Impact of transfers between stages | (419) | (152) |
Impairment charge (credit) on drawn balances | ||
Schedule Of Allowance For Impairment Losses On Loans And Receivables [Line Items] | ||
Total impairment charge (credit) | 332 | (597) |
Provisions in relation to loan commitments and financial guarantees | ||
Schedule Of Allowance For Impairment Losses On Loans And Receivables [Line Items] | ||
Total impairment charge (credit) | £ 32 | £ (78) |
Allowance for impairment loss_2
Allowance for impairment losses - Income Statement Charges (Details) - GBP (£) £ in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Schedule Of Allowance For Impairment Losses On Loans And Receivables [Line Items] | ||
Total impairment charge (credit) | £ 364 | £ (677) |
Impairment charge (credit) on drawn balances | ||
Schedule Of Allowance For Impairment Losses On Loans And Receivables [Line Items] | ||
Total impairment charge (credit) | £ 332 | £ (597) |
Debt securities in issue - Sche
Debt securities in issue - Schedule of Debt Securities in Issue (Details) - GBP (£) £ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Disclosure of financial liabilities [line items] | ||
Medium-term notes issued | £ 30,121 | £ 30,324 |
Covered bonds | 15,280 | 17,407 |
Certificates of deposit | 2,027 | 290 |
Securitisation notes | 3,603 | 3,705 |
Commercial paper | 7,835 | 3,535 |
Debt instruments issued | 58,866 | 55,261 |
At fair value through profit or loss | ||
Disclosure of financial liabilities [line items] | ||
Medium-term notes issued | 5,614 | 6,504 |
Covered bonds | 0 | 0 |
Certificates of deposit | 0 | 0 |
Securitisation notes | 29 | 33 |
Commercial paper | 0 | 0 |
Debt instruments issued | 5,643 | 6,537 |
At amortised costs | ||
Disclosure of financial liabilities [line items] | ||
Medium-term notes issued | 24,507 | 23,820 |
Covered bonds | 15,280 | 17,407 |
Certificates of deposit | 2,027 | 290 |
Securitisation notes | 3,574 | 3,672 |
Commercial paper | 7,835 | 3,535 |
Debt instruments issued | £ 53,223 | £ 48,724 |
Debt securities in issue - Narr
Debt securities in issue - Narrative (Details) - GBP (£) £ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Schedule Of Securitisation And Covered Bond Programmes [Line Items] | ||
Securitisation notes | £ 3,603 | £ 3,705 |
Covered bonds | 15,280 | 17,407 |
Securitisation programme | ||
Schedule Of Securitisation And Covered Bond Programmes [Line Items] | ||
Securitisation notes | 3,603 | 3,705 |
Instruments providing security for notes | 30,134 | 30,965 |
Covered bond programme | ||
Schedule Of Securitisation And Covered Bond Programmes [Line Items] | ||
Covered bonds | 15,280 | 17,407 |
Instruments providing security for bonds | 31,345 | 36,729 |
Restricted cash and cash equivalents | £ 3,936 | £ 3,455 |
Retirement benefit obligation_2
Retirement benefit obligations - Schedule of Defined Benefit Scheme Obligations (Details) - GBP (£) £ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Defined benefit pension schemes: | ||
Retirement benefit assets | £ 5,473 | £ 4,531 |
Retirement benefit obligations | (187) | (230) |
Amount recognized | ||
Defined benefit pension schemes: | ||
Net defined benefit asset | 5,286 | 4,301 |
Retirement benefit assets | 5,473 | 4,531 |
Retirement benefit obligations | (187) | (230) |
Net pension scheme asset | Amount recognized | ||
Defined benefit pension schemes: | ||
Net defined benefit asset | 5,373 | 4,404 |
Other post-retirement schemes | Amount recognized | ||
Defined benefit pension schemes: | ||
Net defined benefit asset | (87) | (103) |
Net amounts presented in the balance sheet | ||
Defined benefit pension schemes: | ||
Fair value of scheme assets | 39,365 | 51,534 |
Present value of funded obligations | £ (33,992) | £ (47,130) |
Retirement benefit obligation_3
Retirement benefit obligations - Movements in Net Post-retirement Defined Benefit Scheme Asset (Details) - Amount recognized £ in Millions | 6 Months Ended |
Jun. 30, 2022 GBP (£) | |
Schedule Of Principal Actuarial And Financial Assumptions Used In Valuations Of Defined Benefit Pension Schemes [Line Items] | |
Net defined benefit asset, beginning balance | £ 4,301 |
Income statement charge | (68) |
Employer contributions | 1,434 |
Remeasurement | (382) |
Exchange and other adjustments | 1 |
Net defined benefit asset, ending balance | £ 5,286 |
Retirement benefit obligation_4
Retirement benefit obligations - Principal Assumptions (Details) | Jun. 30, 2022 | Dec. 31, 2021 |
Schedule Of Principal Actuarial And Financial Assumptions Used In Valuations Of Defined Benefit Pension Schemes [Line Items] | ||
Discount rate | 3.80% | 1.94% |
Rate of inflation: | ||
Rate of salary increases | 0% | 0% |
Weighted-average rate of increase for pensions in payment | 2.82% | 2.88% |
Retail Price Index | ||
Rate of inflation: | ||
Prices index | 3.10% | 3.21% |
Consumer Price Index | ||
Rate of inflation: | ||
Prices index | 2.77% | 2.92% |
Other provisions - Schedule of
Other provisions - Schedule of Other Provisions (Details) £ in Millions | 6 Months Ended |
Jun. 30, 2022 GBP (£) | |
Disclosure of other provisions [line items] | |
Provisions at beginning of the period | £ 1,933 |
Exchange and other adjustments | 68 |
Provisions applied | (378) |
Charge for the period | 150 |
Provisions at end of the period | 1,773 |
Provision for financial commitments and guarantees | |
Disclosure of other provisions [line items] | |
Provisions at beginning of the period | 194 |
Exchange and other adjustments | (1) |
Provisions applied | 0 |
Charge for the period | 32 |
Provisions at end of the period | 225 |
Regulatory and legal provisions | |
Disclosure of other provisions [line items] | |
Provisions at beginning of the period | 1,054 |
Exchange and other adjustments | 0 |
Provisions applied | (225) |
Charge for the period | 58 |
Provisions at end of the period | 887 |
Other | |
Disclosure of other provisions [line items] | |
Provisions at beginning of the period | 685 |
Exchange and other adjustments | 69 |
Provisions applied | (153) |
Charge for the period | 60 |
Provisions at end of the period | £ 661 |
Other provisions - Narrative (D
Other provisions - Narrative (Details) - GBP (£) £ in Millions | 3 Months Ended | 6 Months Ended | 12 Months Ended |
Dec. 31, 2021 | Jun. 30, 2022 | Dec. 31, 2021 | |
Disclosure of other provisions [line items] | |||
Other provisions | £ 1,933 | £ 1,773 | £ 1,933 |
HBOS | |||
Disclosure of other provisions [line items] | |||
Value of offers after compensation assessment | 600 | 790 | |
Regulatory and legal provisions | |||
Disclosure of other provisions [line items] | |||
Other provisions | £ 1,054 | 887 | £ 1,054 |
Payment Protection Insurance, excluding MBNA | Payment protection insurance | |||
Disclosure of other provisions [line items] | |||
Total payment protection insurance to date | £ 21,906 |
Related party transactions - Ba
Related party transactions - Balances and Transactions With Fellow Lloyds Banking Group Undertakings (Details) - GBP (£) £ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Assets, included within: | ||
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | £ 714 | £ 739 |
Derivative financial instruments | 5,042 | 5,511 |
Liabilities, included within: | ||
Due to fellow Lloyds Banking Group undertakings | 1,658 | 1,490 |
Derivative financial instruments | 5,488 | 4,643 |
Debt securities in issue | 58,866 | 55,261 |
Subordinated liabilities | 6,515 | 8,658 |
Related parties | Balances and transactions between members of the Lloyds Bank Group | ||
Assets, included within: | ||
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 714 | 739 |
Derivative financial instruments | 1,036 | 634 |
Financial assets | 1,750 | 1,373 |
Liabilities, included within: | ||
Due to fellow Lloyds Banking Group undertakings | 1,658 | 1,490 |
Derivative financial instruments | 1,122 | 939 |
Debt securities in issue | 19,039 | 17,961 |
Subordinated liabilities | 5,588 | 5,176 |
Financial liabilities | £ 27,407 | £ 25,566 |
Related party transactions - Na
Related party transactions - Narrative (Details) - Balances and transactions between members of the Lloyds Bank Group - GBP (£) £ in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Disclosure of transactions between related parties [line items] | ||
Interest income on other financial assets | £ 3 | £ 3 |
Interest expense on other financial liabilities | £ 270 | £ 242 |
Contingent liabilities, commi_3
Contingent liabilities, commitments and guarantees - Narrative (Details) £ in Millions | 6 Months Ended | |
Jun. 30, 2022 GBP (£) classAction | Dec. 31, 2021 GBP (£) | |
Contingent Liabilities And Commitments [Line Items] | ||
Number of class actions | classAction | 2 | |
Maximum exposure | ||
Contingent Liabilities And Commitments [Line Items] | ||
Irrevocable commitments and guarantees | £ 57,585 | £ 55,690 |
Legal proceedings contingent liability | ||
Contingent Liabilities And Commitments [Line Items] | ||
Increase in current tax liabilities | 750 | |
Reduction in deferred tax asset | £ (305) |
Contingent liabilities, commi_4
Contingent liabilities, commitments and guarantees - Schedule of Contingent Liabilities, Commitments and Guarantees (Details) - GBP (£) £ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Contingent liabilities | ||
Total contingent liabilities | £ 2,935 | £ 2,340 |
Commitments and guarantees | ||
Total commitments and guarantees | 127,950 | 127,684 |
1 year or over original maturity | ||
Commitments and guarantees | ||
Total commitments and guarantees | 29,617 | 30,037 |
Forward asset purchases and forward deposits placed | ||
Commitments and guarantees | ||
Total commitments and guarantees | 75 | 60 |
Mortgage offers made | Not later than one year | ||
Commitments and guarantees | ||
Total commitments and guarantees | 20,002 | 17,757 |
Other commitments and guarantees | Not later than one year | ||
Commitments and guarantees | ||
Total commitments and guarantees | 78,256 | 79,830 |
Undrawn commitments | Not later than one year | ||
Commitments and guarantees | ||
Total commitments and guarantees | 98,258 | 97,587 |
Acceptances and endorsements | ||
Contingent liabilities | ||
Total contingent liabilities | 415 | 21 |
Other items serving as direct credit substitutes | ||
Contingent liabilities | ||
Total contingent liabilities | 559 | 433 |
Performance bonds, including letters of credit, and other transaction-related contingencies | ||
Contingent liabilities | ||
Total contingent liabilities | 1,961 | 1,886 |
Other contingent liabilities | ||
Contingent liabilities | ||
Total contingent liabilities | £ 2,520 | £ 2,319 |
Fair values of financial asse_3
Fair values of financial assets and liabilities - Schedule of Carrying Values and Fair Values of Financial Assets and Liabilities (Details) - GBP (£) £ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Financial assets | ||
Loans and advances to banks | £ 5,661 | £ 4,478 |
Loans and advances to customers | 434,968 | 430,829 |
Reverse repurchase agreements | 52,057 | 49,708 |
Debt securities | 6,401 | 4,562 |
Due from fellow Lloyds Banking Group undertakings | 714 | 739 |
Financial assets at amortised cost | 499,801 | 490,316 |
Financial liabilities | ||
Deposits from banks | 4,034 | 3,363 |
Customer deposits | 450,928 | 449,373 |
Repurchase agreements at amortised cost | 48,153 | 30,106 |
Due to fellow Lloyds Banking Group undertakings | 1,658 | 1,490 |
Debt securities in issue | 53,223 | 48,724 |
Subordinated liabilities | 6,515 | 8,658 |
Carrying value | ||
Financial assets | ||
Loans and advances to banks | 5,661 | 4,478 |
Loans and advances to customers | 434,968 | 430,829 |
Reverse repurchase agreements | 52,057 | 49,708 |
Debt securities | 6,401 | 4,562 |
Due from fellow Lloyds Banking Group undertakings | 714 | 739 |
Financial assets at amortised cost | 499,801 | 490,316 |
Financial liabilities | ||
Deposits from banks | 4,034 | 3,363 |
Customer deposits | 450,928 | 449,373 |
Repurchase agreements at amortised cost | 48,153 | 30,106 |
Due to fellow Lloyds Banking Group undertakings | 1,658 | 1,490 |
Debt securities in issue | 53,223 | 48,724 |
Subordinated liabilities | 6,515 | 8,658 |
Fair value | ||
Financial assets | ||
Loans and advances to banks | 5,661 | 4,478 |
Loans and advances to customers | 438,255 | 434,280 |
Reverse repurchase agreements | 52,057 | 49,708 |
Debt securities | 6,286 | 4,615 |
Due from fellow Lloyds Banking Group undertakings | 714 | 739 |
Financial assets at amortised cost | 502,973 | 493,820 |
Financial liabilities | ||
Deposits from banks | 4,036 | 3,364 |
Customer deposits | 450,940 | 449,455 |
Repurchase agreements at amortised cost | 48,153 | 30,106 |
Due to fellow Lloyds Banking Group undertakings | 1,658 | 1,490 |
Debt securities in issue | 53,378 | 50,683 |
Subordinated liabilities | £ 6,921 | £ 9,363 |
Fair values of financial asse_4
Fair values of financial assets and liabilities - Schedule of Financial Assets Carried at Fair Value by Valuation Hierarchy (Details) - GBP (£) £ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Fair value | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | £ 30,500 | £ 35,095 |
Level 1 | Fair value | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 11,170 | 15,474 |
Level 2 | Fair value | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 18,909 | 19,150 |
Level 3 | Fair value | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 421 | 471 |
Financial assets at fair value through profit or loss | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 1,429 | 1,798 |
Financial assets at fair value through profit or loss | Level 1 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 237 | 235 |
Financial assets at fair value through profit or loss | Level 2 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 827 | 1,164 |
Financial assets at fair value through profit or loss | Level 3 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 365 | 399 |
Financial assets at fair value through profit or loss | Loans and advances to customers | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 1,188 | 1,559 |
Financial assets at fair value through profit or loss | Loans and advances to customers | Level 1 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 0 | 0 |
Financial assets at fair value through profit or loss | Loans and advances to customers | Level 2 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 827 | 1,164 |
Financial assets at fair value through profit or loss | Loans and advances to customers | Level 3 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 361 | 395 |
Financial assets at fair value through profit or loss | Equity shares | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 241 | 239 |
Financial assets at fair value through profit or loss | Equity shares | Level 1 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 237 | 235 |
Financial assets at fair value through profit or loss | Equity shares | Level 2 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 0 | 0 |
Financial assets at fair value through profit or loss | Equity shares | Level 3 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 4 | 4 |
Financial assets at fair value through other comprehensive income | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 24,029 | 27,786 |
Financial assets at fair value through other comprehensive income | Level 1 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 10,933 | 15,239 |
Financial assets at fair value through other comprehensive income | Level 2 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 13,041 | 12,491 |
Financial assets at fair value through other comprehensive income | Level 3 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 55 | 56 |
Financial assets at fair value through other comprehensive income | Debt securities | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 24,028 | 27,785 |
Financial assets at fair value through other comprehensive income | Debt securities | Level 1 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 10,933 | 15,239 |
Financial assets at fair value through other comprehensive income | Debt securities | Level 2 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 13,041 | 12,491 |
Financial assets at fair value through other comprehensive income | Debt securities | Level 3 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 54 | 55 |
Financial assets at fair value through other comprehensive income | Equity shares | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 1 | 1 |
Financial assets at fair value through other comprehensive income | Equity shares | Level 1 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 0 | 0 |
Financial assets at fair value through other comprehensive income | Equity shares | Level 2 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 0 | 0 |
Financial assets at fair value through other comprehensive income | Equity shares | Level 3 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 1 | 1 |
Derivative financial instruments | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 5,042 | 5,511 |
Derivative financial instruments | Level 1 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 0 | 0 |
Derivative financial instruments | Level 2 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | 5,041 | 5,495 |
Derivative financial instruments | Level 3 | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets, fair value | £ 1 | £ 16 |
Fair values of financial asse_5
Fair values of financial assets and liabilities - Schedule of Financial Liabilities Carried at Fair Value by Valuation Hierarchy (Details) - GBP (£) £ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Financial liabilities at fair value through profit or loss | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Financial liabilities, fair value | £ 5,643 | £ 6,537 |
Financial liabilities at fair value through profit or loss | Level 1 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Financial liabilities, fair value | 0 | 0 |
Financial liabilities at fair value through profit or loss | Level 2 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Financial liabilities, fair value | 5,614 | 6,504 |
Financial liabilities at fair value through profit or loss | Level 3 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Financial liabilities, fair value | 29 | 33 |
Derivative financial instruments | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Financial liabilities, fair value | 5,488 | 4,643 |
Derivative financial instruments | Level 1 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Financial liabilities, fair value | 0 | 0 |
Derivative financial instruments | Level 2 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Financial liabilities, fair value | 5,314 | 4,436 |
Derivative financial instruments | Level 3 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Financial liabilities, fair value | 174 | 207 |
Fair value | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Financial liabilities, fair value | 11,131 | 11,180 |
Fair value | Level 1 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Financial liabilities, fair value | 0 | 0 |
Fair value | Level 2 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Financial liabilities, fair value | 10,928 | 10,940 |
Fair value | Level 3 | ||
Disclosure of fair value measurement of liabilities [line items] | ||
Financial liabilities, fair value | £ 203 | £ 240 |
Fair values of financial asse_6
Fair values of financial assets and liabilities- Schedule of Movements in Level 3 Financial Assets Portfolio (Details) - GBP (£) £ in Millions | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Losses recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income | £ 3 | £ 3 | |
Level 3 | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Balance at beginning of period | 471 | £ 1,590 | 1,590 |
Exchange and other adjustments | 1 | (18) | |
Losses recognised in the income statement within other income | (7) | (51) | |
Losses recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income | 0 | (4) | |
Purchases/increases to customer loans | 0 | 18 | |
Sales/repayments of customer loans | (32) | (376) | |
Transfers into the level 3 portfolio | 0 | 4 | |
Transfers out of the level 3 portfolio | (12) | (653) | |
Balance at end of period | 421 | 510 | 471 |
Level 3 | Financial assets at fair value through profit or loss | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Balance at beginning of period | 399 | 1,511 | 1,511 |
Exchange and other adjustments | 0 | (15) | |
Losses recognised in the income statement within other income | (4) | (49) | |
Purchases/increases to customer loans | 0 | 18 | |
Sales/repayments of customer loans | (30) | (374) | |
Transfers into the level 3 portfolio | 0 | 4 | |
Transfers out of the level 3 portfolio | 0 | (653) | |
Balance at end of period | 365 | 442 | 399 |
Losses recognised in the income statement, within other income, relating to the change in fair value of those assets held | (5) | (60) | |
Level 3 | Financial assets at fair value through other comprehensive income | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Balance at beginning of period | 56 | 65 | 65 |
Exchange and other adjustments | 1 | (3) | |
Losses recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income | 0 | (4) | |
Purchases/increases to customer loans | 0 | 0 | |
Sales/repayments of customer loans | (2) | (2) | |
Transfers into the level 3 portfolio | 0 | 0 | |
Transfers out of the level 3 portfolio | 0 | 0 | |
Balance at end of period | 55 | 56 | 56 |
Level 3 | Derivative assets | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Balance at beginning of period | 16 | 14 | 14 |
Exchange and other adjustments | 0 | 0 | |
Losses recognised in the income statement within other income | (3) | (2) | |
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 | (12) | 0 | |
Balance at end of period | 1 | 12 | £ 16 |
Losses recognised in the income statement, within other income, relating to the change in fair value of those assets held | 0 | (2) | |
Level 3 | Financial assets carried at fair value | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Losses recognised in the income statement, within other income, relating to the change in fair value of those assets held | £ (5) | £ (62) |
Fair values of financial asse_7
Fair values of financial assets and liabilities - Schedule of Movements in Level 3 Financial Liabilities Portfolio (Details) - Level 3 - GBP (£) £ in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Balance at beginning of period | £ 240 | £ 364 |
Gains recognised in the income statement within other income | (24) | (57) |
Redemptions | (13) | (24) |
Balance at end of period | 203 | 283 |
Financial liabilities at fair value through profit or loss | ||
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Balance at beginning of period | 33 | 45 |
Gains recognised in the income statement within other income | (2) | (2) |
Redemptions | (2) | (5) |
Balance at end of period | 29 | 38 |
Gains recognised in the income statement, within other income, relating to the change in fair value of those liabilities held | (2) | 0 |
Derivative financial instruments | ||
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Balance at beginning of period | 207 | 319 |
Gains recognised in the income statement within other income | (22) | (55) |
Redemptions | (11) | (19) |
Balance at end of period | 174 | 245 |
Gains recognised in the income statement, within other income, relating to the change in fair value of those liabilities held | (5) | 0 |
Financial liabilities carried at fair value | ||
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Gains recognised in the income statement, within other income, relating to the change in fair value of those liabilities held | £ (7) | £ 0 |
Fair values of financial asse_8
Fair values of financial assets and liabilities - Schedule of Sensitivity of Level 3 Valuations (Details) £ in Millions | Jun. 30, 2022 GBP (£) | Dec. 31, 2021 GBP (£) |
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Loans and advances to customers | £ 434,968 | £ 430,829 |
Other | 58,866 | 55,261 |
Financial assets at fair value through profit or loss | 1,429 | 1,798 |
Derivative financial instruments | 5,042 | 5,511 |
Financial liabilities at fair value through profit or loss | 5,643 | 6,537 |
Derivative financial instruments | 5,488 | 4,643 |
At fair value through profit or loss | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Other | 5,643 | 6,537 |
Level 3 financial liabilities carried at fair value | 5,643 | 6,537 |
At fair value through profit or loss | Level 3 | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Level 3 financial liabilities carried at fair value | 29 | 33 |
Carrying value | Level 3 | Financial liabilities carried at fair value | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Level 3 financial liabilities carried at fair value | 203 | 240 |
Carrying value | Financial assets carried at fair value | Level 3 | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 421 | 471 |
Carrying value | Derivative financial liabilities | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Derivative financial instruments | 174 | 207 |
Carrying value | At fair value through profit or loss | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Financial liabilities at fair value through profit or loss | 29 | 33 |
Interest rate volatility | Option pricing model | Carrying value | Derivative financial liabilities | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Interest rate derivatives | 3 | 31 |
Housing price index | Market values – property valuation | Carrying value | Derivative financial liabilities | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Shared appreciation rights | £ 171 | £ 176 |
Minimum | Interest rate volatility | Derivative financial liabilities | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Significant unobservable input reasonable assumption, liabilities | 0.11 | 0.13 |
Minimum | Housing price index | Derivative financial liabilities | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Significant unobservable input reasonable assumption, liabilities | 0.01 | 0.01 |
Maximum | Interest rate volatility | Derivative financial liabilities | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Significant unobservable input reasonable assumption, liabilities | 1.47 | 1.68 |
Financial assets at fair value through profit or loss | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | £ 1,429 | £ 1,798 |
Financial assets at fair value through profit or loss | Level 3 | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Level 3 financial assets carried at fair value | 365 | 399 |
Financial assets at fair value through profit or loss | Favourable changes | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Loans and advances to customers | 29 | 32 |
Financial assets at fair value through profit or loss | Unfavourable changes | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Loans and advances to customers | (27) | (30) |
Financial assets at fair value through profit or loss | Carrying value | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Other | 4 | 4 |
Financial assets at fair value through profit or loss | 365 | 399 |
Financial assets at fair value through profit or loss | Interest rate spreads | Discounted cash flows | Carrying value | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Loans and advances to customers | £ 361 | £ 395 |
Financial assets at fair value through profit or loss | Minimum | Interest rate spreads | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Significant unobservable input, assets | 0.0050 | 0.0050 |
Financial assets at fair value through other comprehensive income | Carrying value | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Financial assets at fair value through other comprehensive income | £ 55 | £ 56 |
Derivative financial assets | Carrying value | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Derivative financial instruments | £ 1 | £ 16 |
Interest rate benchmark refor_2
Interest rate benchmark reform - Disclosure of exposures impacted by the interest rate benchmark reform (Details) - GBP (£) £ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Non-derivative financial assets | ||
Financial assets at fair value through profit or loss | £ 1,429 | £ 1,798 |
Loans and advances to banks | 5,661 | 4,478 |
Loans and advances to customers | 434,968 | 430,829 |
Total financial assets at amortised cost | 499,801 | 490,316 |
Non-derivative financial liabilities | ||
Financial liabilities at fair value through profit or loss | 5,643 | 6,537 |
Debt securities in issue | 58,866 | 55,261 |
Securitisation notes | 3,603 | 3,705 |
Interest Rate Benchmark Reform amendments | Interest rate risk | ||
Non-derivative financial assets | ||
Financial assets at fair value through profit or loss | 303 | |
Loans and advances to banks | 1,586 | 3,252 |
Loans and advances to customers | 2,166 | 5,968 |
Total financial assets at amortised cost | 3,752 | 9,220 |
Non-derivative financial assets | 3,752 | 9,523 |
Non-derivative financial liabilities | ||
Financial liabilities at fair value through profit or loss | 103 | 103 |
Debt securities in issue | 4,209 | 3,574 |
Non-derivative financial liabilities | 4,312 | 3,677 |
Notional amount | 141,458 | 147,731 |
Securitisation notes | 3,494 | |
Interest Rate Benchmark Reform amendments | Interest rate risk | Interest rate | ||
Non-derivative financial liabilities | ||
Notional amount | 120,503 | 125,068 |
Interest Rate Benchmark Reform amendments | Interest rate risk | Cross currency | ||
Non-derivative financial liabilities | ||
Notional amount | 20,955 | 22,663 |
Interest Rate Benchmark Reform amendments | Sterling LIBOR | Interest rate risk | ||
Non-derivative financial assets | ||
Financial assets at fair value through profit or loss | 0 | 131 |
Loans and advances to banks | 0 | 0 |
Loans and advances to customers | 886 | 3,419 |
Total financial assets at amortised cost | 886 | 3,419 |
Non-derivative financial assets | 886 | 3,550 |
Non-derivative financial liabilities | ||
Financial liabilities at fair value through profit or loss | 0 | 0 |
Debt securities in issue | 0 | 0 |
Non-derivative financial liabilities | 0 | 0 |
Notional amount | 1,411 | 4,271 |
Interest Rate Benchmark Reform amendments | Sterling LIBOR | Interest rate risk | Interest rate | ||
Non-derivative financial liabilities | ||
Notional amount | 1,411 | 4,271 |
Interest Rate Benchmark Reform amendments | Sterling LIBOR | Interest rate risk | Cross currency | ||
Non-derivative financial liabilities | ||
Notional amount | 0 | 0 |
Interest Rate Benchmark Reform amendments | US Dollar LIBOR | Interest rate risk | ||
Non-derivative financial assets | ||
Financial assets at fair value through profit or loss | 0 | 172 |
Loans and advances to banks | 1,586 | 3,252 |
Loans and advances to customers | 1,275 | 2,549 |
Total financial assets at amortised cost | 2,861 | 5,801 |
Non-derivative financial assets | 2,861 | 5,973 |
Non-derivative financial liabilities | ||
Financial liabilities at fair value through profit or loss | 103 | 100 |
Debt securities in issue | 3,888 | 3,548 |
Non-derivative financial liabilities | 3,991 | 3,648 |
Notional amount | 138,293 | 143,460 |
Interest Rate Benchmark Reform amendments | US Dollar LIBOR | Interest rate risk | Interest rate | ||
Non-derivative financial liabilities | ||
Notional amount | 118,296 | 120,797 |
Interest Rate Benchmark Reform amendments | US Dollar LIBOR | Interest rate risk | Cross currency | ||
Non-derivative financial liabilities | ||
Notional amount | 19,997 | 22,663 |
Interest Rate Benchmark Reform amendments | Other LIBOR | Interest rate risk | ||
Non-derivative financial assets | ||
Financial assets at fair value through profit or loss | 0 | 0 |
Loans and advances to banks | 0 | 0 |
Loans and advances to customers | 5 | 0 |
Total financial assets at amortised cost | 5 | 0 |
Non-derivative financial assets | 5 | 0 |
Non-derivative financial liabilities | ||
Financial liabilities at fair value through profit or loss | 0 | 3 |
Debt securities in issue | 321 | 26 |
Non-derivative financial liabilities | 321 | 29 |
Notional amount | 1,754 | 0 |
Interest Rate Benchmark Reform amendments | Other LIBOR | Interest rate risk | Interest rate | ||
Non-derivative financial liabilities | ||
Notional amount | 796 | 0 |
Interest Rate Benchmark Reform amendments | Other LIBOR | Interest rate risk | Cross currency | ||
Non-derivative financial liabilities | ||
Notional amount | £ 958 | £ 0 |
Interest rate benchmark refor_3
Interest rate benchmark reform - Narrative (Details) - Interest Rate Benchmark Reform amendments - Interest rate risk - GBP (£) £ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Disclosure of expected impact of initial application of new standards or interpretations [line items] | ||
Notional amount | £ 141,458 | £ 147,731 |
US Dollar LIBOR | ||
Disclosure of expected impact of initial application of new standards or interpretations [line items] | ||
Notional amount | 138,293 | £ 143,460 |
US Dollar LIBOR | Contracts prior to LIBOR cessation | ||
Disclosure of expected impact of initial application of new standards or interpretations [line items] | ||
Notional amount | 36,277 | |
US Dollar LIBOR | LCH contracts | ||
Disclosure of expected impact of initial application of new standards or interpretations [line items] | ||
Notional amount | 80,137 | |
US Dollar LIBOR | Other contracts | ||
Disclosure of expected impact of initial application of new standards or interpretations [line items] | ||
Notional amount | 21,879 | |
US Dollar LIBOR | Other contracts fallback eligible | ||
Disclosure of expected impact of initial application of new standards or interpretations [line items] | ||
Notional amount | £ 21,780 |
Credit quality of loans and a_3
Credit quality of loans and advances to banks and customers (Details) - GBP (£) £ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | £ 5,661 | £ 4,478 |
Loans and advances to customers | 434,968 | 430,829 |
Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 5,662 | 4,478 |
Loans and advances to customers | 438,802 | 434,633 |
Drawn exposures | Total Retail | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 370,473 | 366,251 |
Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 310,493 | 308,344 |
Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 15,053 | 14,517 |
Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 10,066 | 9,557 |
Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 14,487 | 14,276 |
Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 20,374 | 19,557 |
Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 69,372 | 67,855 |
Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | (1,043) | 527 |
Drawn exposures | Central adjustment | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 1 | 0 |
Loans and advances to customers | 3,834 | 3,804 |
Expected credit loss allowance | Total Retail | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 2,307 | 2,131 |
Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 837 | 836 |
Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 539 | 442 |
Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 503 | 418 |
Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 289 | 296 |
Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 139 | 139 |
Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1,314 | 1,257 |
Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 213 | 416 |
Expected credit loss allowance | Central adjustment | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 200 | 400 |
Stage 1 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 5,662 | 4,478 |
Loans and advances to customers | 376,519 | 382,366 |
Stage 1 | Drawn exposures | Total Retail | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 316,863 | 322,977 |
Stage 1 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 266,548 | 273,629 |
Stage 1 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 12,484 | 12,148 |
Stage 1 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 8,666 | 8,181 |
Stage 1 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 12,476 | 12,247 |
Stage 1 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 16,689 | 16,772 |
Stage 1 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 60,785 | 58,958 |
Stage 1 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | (1,129) | 431 |
Stage 1 | Drawn exposures | Central adjustment | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 1 | 0 |
Loans and advances to customers | 763 | 909 |
Stage 1 | Expected credit loss allowance | Total Retail | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 442 | 402 |
Stage 1 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 44 | 48 |
Stage 1 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 117 | 96 |
Stage 1 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 150 | 126 |
Stage 1 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 104 | 106 |
Stage 1 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 27 | 26 |
Stage 1 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 116 | 102 |
Stage 1 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 205 | 405 |
Stage 1 | Expected credit loss allowance | Central adjustment | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 200 | 400 |
Stage 2 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
Loans and advances to customers | 43,808 | 34,884 |
Stage 2 | Drawn exposures | Total Retail | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 37,776 | 28,815 |
Stage 2 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 30,106 | 21,798 |
Stage 2 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 2,289 | 2,077 |
Stage 2 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1,144 | 1,105 |
Stage 2 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1,832 | 1,828 |
Stage 2 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 2,405 | 2,007 |
Stage 2 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 6,001 | 6,035 |
Stage 2 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 31 | 34 |
Stage 2 | Drawn exposures | Central adjustment | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
Loans and advances to customers | 1,254 | 1,112 |
Stage 2 | Expected credit loss allowance | Total Retail | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1,004 | 897 |
Stage 2 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 337 | 394 |
Stage 2 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 311 | 218 |
Stage 2 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 218 | 153 |
Stage 2 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 80 | 74 |
Stage 2 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 58 | 58 |
Stage 2 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 250 | 213 |
Stage 2 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 2 |
Stage 2 | Expected credit loss allowance | Central adjustment | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
Loans and advances to customers | 8,060 | 6,406 |
Stage 3 | Drawn exposures | Total Retail | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 5,419 | 3,482 |
Stage 3 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 3,424 | 1,940 |
Stage 3 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 280 | 292 |
Stage 3 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 256 | 271 |
Stage 3 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 179 | 201 |
Stage 3 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1,280 | 778 |
Stage 3 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 2,586 | 2,862 |
Stage 3 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 55 | 62 |
Stage 3 | Drawn exposures | Central adjustment | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
Loans and advances to customers | 1,615 | 1,573 |
Stage 3 | Expected credit loss allowance | Total Retail | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 659 | 622 |
Stage 3 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 254 | 184 |
Stage 3 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 111 | 128 |
Stage 3 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 135 | 139 |
Stage 3 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 105 | 116 |
Stage 3 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 54 | 55 |
Stage 3 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 948 | 942 |
Stage 3 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 8 | 9 |
Stage 3 | Expected credit loss allowance | Central adjustment | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
Loans and advances to customers | 10,415 | 10,977 |
POCI | Drawn exposures | Total Retail | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 10,415 | 10,977 |
POCI | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 10,415 | 10,977 |
POCI | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Drawn exposures | Central adjustment | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
Loans and advances to customers | 202 | 210 |
POCI | Expected credit loss allowance | Total Retail | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 202 | 210 |
POCI | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 202 | 210 |
POCI | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI | Expected credit loss allowance | Central adjustment | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | (2,074) | (467) |
CMS | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS | Stage 1 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | (2,074) | (467) |
CMS | Stage 1 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS | Stage 2 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS | Stage 2 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS | Stage 3 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS | Stage 3 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS | POCI | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS | POCI | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1-10 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 5,659 | 4,476 |
CMS 1-10 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 30,041 | 28,657 |
CMS 1-10 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | (1,809) | (469) |
CMS 1-10 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 1 | 0 |
CMS 1-10 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 31 | 19 |
CMS 1-10 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1-10 | Stage 1 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 5,659 | 4,476 |
CMS 1-10 | Stage 1 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 29,433 | 28,471 |
CMS 1-10 | Stage 1 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | (1,809) | (469) |
CMS 1-10 | Stage 1 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 1 | 0 |
CMS 1-10 | Stage 1 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 20 | 18 |
CMS 1-10 | Stage 1 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1-10 | Stage 2 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 1-10 | Stage 2 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 608 | 186 |
CMS 1-10 | Stage 2 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1-10 | Stage 2 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 1-10 | Stage 2 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 11 | 1 |
CMS 1-10 | Stage 2 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1-10 | Stage 3 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 1-10 | Stage 3 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1-10 | Stage 3 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1-10 | Stage 3 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 1-10 | Stage 3 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1-10 | Stage 3 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1-10 | POCI | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 1-10 | POCI | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1-10 | POCI | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1-10 | POCI | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 1-10 | POCI | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1-10 | POCI | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11-14 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 3 | 2 |
CMS 11-14 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 32,671 | 33,020 |
CMS 11-14 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | (260) | 0 |
CMS 11-14 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 11-14 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 139 | 150 |
CMS 11-14 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11-14 | Stage 1 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 3 | 2 |
CMS 11-14 | Stage 1 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 30,339 | 29,728 |
CMS 11-14 | Stage 1 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | (260) | 0 |
CMS 11-14 | Stage 1 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 11-14 | Stage 1 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 85 | 75 |
CMS 11-14 | Stage 1 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11-14 | Stage 2 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 11-14 | Stage 2 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 2,332 | 3,292 |
CMS 11-14 | Stage 2 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11-14 | Stage 2 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 11-14 | Stage 2 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 54 | 75 |
CMS 11-14 | Stage 2 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11-14 | Stage 3 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 11-14 | Stage 3 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11-14 | Stage 3 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11-14 | Stage 3 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 11-14 | Stage 3 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11-14 | Stage 3 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11-14 | POCI | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 11-14 | POCI | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11-14 | POCI | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11-14 | POCI | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 11-14 | POCI | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11-14 | POCI | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15-18 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 15-18 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 3,870 | 3,063 |
CMS 15-18 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | (1) | 0 |
CMS 15-18 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 15-18 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 178 | 128 |
CMS 15-18 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15-18 | Stage 1 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 15-18 | Stage 1 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1,013 | 759 |
CMS 15-18 | Stage 1 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | (1) | 0 |
CMS 15-18 | Stage 1 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 15-18 | Stage 1 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 11 | 9 |
CMS 15-18 | Stage 1 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15-18 | Stage 2 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 15-18 | Stage 2 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 2,857 | 2,304 |
CMS 15-18 | Stage 2 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15-18 | Stage 2 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 15-18 | Stage 2 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 167 | 119 |
CMS 15-18 | Stage 2 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15-18 | Stage 3 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 15-18 | Stage 3 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15-18 | Stage 3 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15-18 | Stage 3 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 15-18 | Stage 3 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15-18 | Stage 3 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15-18 | POCI | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 15-18 | POCI | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15-18 | POCI | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15-18 | POCI | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 15-18 | POCI | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15-18 | POCI | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 19 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 204 | 253 |
CMS 19 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | (4) | 2 |
CMS 19 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 19 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 18 | 18 |
CMS 19 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 1 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 19 | Stage 1 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 1 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | (4) | 2 |
CMS 19 | Stage 1 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 19 | Stage 1 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 1 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 2 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 19 | Stage 2 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 204 | 253 |
CMS 19 | Stage 2 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 2 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 19 | Stage 2 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 18 | 18 |
CMS 19 | Stage 2 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 3 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 19 | Stage 3 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 3 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 3 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 19 | Stage 3 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 3 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | POCI | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 19 | POCI | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | POCI | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | POCI | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 19 | POCI | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | POCI | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20-23 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 20-23 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 2,586 | 2,862 |
CMS 20-23 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20-23 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 20-23 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 948 | 942 |
CMS 20-23 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20-23 | Stage 1 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 20-23 | Stage 1 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20-23 | Stage 1 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20-23 | Stage 1 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 20-23 | Stage 1 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20-23 | Stage 1 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20-23 | Stage 2 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 20-23 | Stage 2 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20-23 | Stage 2 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20-23 | Stage 2 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 20-23 | Stage 2 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20-23 | Stage 2 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20-23 | Stage 3 | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 20-23 | Stage 3 | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 2,586 | 2,862 |
CMS 20-23 | Stage 3 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20-23 | Stage 3 | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 20-23 | Stage 3 | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 948 | 942 |
CMS 20-23 | Stage 3 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20-23 | POCI | Drawn exposures | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 20-23 | POCI | Drawn exposures | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20-23 | POCI | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20-23 | POCI | Expected credit loss allowance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Net carrying amount | 0 | 0 |
CMS 20-23 | POCI | Expected credit loss allowance | Commercial Banking | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20-23 | POCI | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1,031 | 994 |
RMS | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 13 | 16 |
RMS | Stage 1 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 945 | 898 |
RMS | Stage 1 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 5 | 5 |
RMS | Stage 2 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 31 | 34 |
RMS | Stage 2 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 2 |
RMS | Stage 3 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 55 | 62 |
RMS | Stage 3 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 8 | 9 |
RMS | POCI | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS | POCI | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 291,643 | 291,693 |
RMS 1-6 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 12,728 | 12,359 |
RMS 1-6 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 7,654 | 7,721 |
RMS 1-6 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 13,068 | 12,971 |
RMS 1-6 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 16,758 | 16,107 |
RMS 1-6 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 976 | 932 |
RMS 1-6 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 249 | 298 |
RMS 1-6 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 142 | 110 |
RMS 1-6 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 111 | 107 |
RMS 1-6 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 121 | 126 |
RMS 1-6 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 27 | 31 |
RMS 1-6 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 5 | 7 |
RMS 1-6 | Stage 1 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 266,547 | 273,620 |
RMS 1-6 | Stage 1 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 11,572 | 11,252 |
RMS 1-6 | Stage 1 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 7,317 | 7,220 |
RMS 1-6 | Stage 1 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 11,864 | 11,662 |
RMS 1-6 | Stage 1 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 15,673 | 15,330 |
RMS 1-6 | Stage 1 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 945 | 898 |
RMS 1-6 | Stage 1 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 44 | 48 |
RMS 1-6 | Stage 1 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 83 | 67 |
RMS 1-6 | Stage 1 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 90 | 84 |
RMS 1-6 | Stage 1 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 99 | 101 |
RMS 1-6 | Stage 1 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 15 | 21 |
RMS 1-6 | Stage 1 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 5 | 5 |
RMS 1-6 | Stage 2 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 25,096 | 18,073 |
RMS 1-6 | Stage 2 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1,156 | 1,107 |
RMS 1-6 | Stage 2 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 337 | 501 |
RMS 1-6 | Stage 2 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1,204 | 1,309 |
RMS 1-6 | Stage 2 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1,085 | 777 |
RMS 1-6 | Stage 2 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 31 | 34 |
RMS 1-6 | Stage 2 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 205 | 250 |
RMS 1-6 | Stage 2 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 59 | 43 |
RMS 1-6 | Stage 2 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 21 | 23 |
RMS 1-6 | Stage 2 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 22 | 25 |
RMS 1-6 | Stage 2 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 12 | 10 |
RMS 1-6 | Stage 2 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 2 |
RMS 1-6 | Stage 3 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | Stage 3 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | Stage 3 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | Stage 3 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | Stage 3 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | Stage 3 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | Stage 3 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | Stage 3 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | Stage 3 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | Stage 3 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | Stage 3 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | Stage 3 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | POCI | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | POCI | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | POCI | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | POCI | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | POCI | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | POCI | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | POCI | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | POCI | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | POCI | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | POCI | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | POCI | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1-6 | POCI | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 2,500 | 2,267 |
RMS 7-9 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1,662 | 1,519 |
RMS 7-9 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1,691 | 1,224 |
RMS 7-9 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 976 | 881 |
RMS 7-9 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1,624 | 1,881 |
RMS 7-9 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 50 | 64 |
RMS 7-9 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 141 | 100 |
RMS 7-9 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 110 | 72 |
RMS 7-9 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 19 | 20 |
RMS 7-9 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 24 | 32 |
RMS 7-9 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Stage 1 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1 | 9 |
RMS 7-9 | Stage 1 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 912 | 896 |
RMS 7-9 | Stage 1 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1,306 | 938 |
RMS 7-9 | Stage 1 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 610 | 583 |
RMS 7-9 | Stage 1 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 899 | 1,265 |
RMS 7-9 | Stage 1 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Stage 1 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Stage 1 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 34 | 29 |
RMS 7-9 | Stage 1 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 56 | 39 |
RMS 7-9 | Stage 1 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 5 | 5 |
RMS 7-9 | Stage 1 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 12 | 5 |
RMS 7-9 | Stage 1 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Stage 2 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 2,499 | 2,258 |
RMS 7-9 | Stage 2 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 750 | 623 |
RMS 7-9 | Stage 2 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 385 | 286 |
RMS 7-9 | Stage 2 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 366 | 298 |
RMS 7-9 | Stage 2 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 725 | 616 |
RMS 7-9 | Stage 2 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Stage 2 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 50 | 64 |
RMS 7-9 | Stage 2 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 107 | 71 |
RMS 7-9 | Stage 2 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 54 | 33 |
RMS 7-9 | Stage 2 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 14 | 15 |
RMS 7-9 | Stage 2 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 12 | 27 |
RMS 7-9 | Stage 2 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Stage 3 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Stage 3 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Stage 3 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Stage 3 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Stage 3 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Stage 3 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Stage 3 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Stage 3 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Stage 3 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Stage 3 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Stage 3 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | Stage 3 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | POCI | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | POCI | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | POCI | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | POCI | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | POCI | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | POCI | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | POCI | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | POCI | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | POCI | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | POCI | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | POCI | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7-9 | POCI | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 786 | 355 |
RMS 10 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 123 | 112 |
RMS 10 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 148 | 92 |
RMS 10 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 86 | 69 |
RMS 10 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 2 | 2 |
RMS 10 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 20 | 15 |
RMS 10 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 31 | 22 |
RMS 10 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 30 | 16 |
RMS 10 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 9 | 7 |
RMS 10 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 32 | 18 |
RMS 10 | Stage 1 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 3 | 2 |
RMS 10 | Stage 1 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 2 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 786 | 355 |
RMS 10 | Stage 2 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 123 | 112 |
RMS 10 | Stage 2 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 116 | 74 |
RMS 10 | Stage 2 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 86 | 69 |
RMS 10 | Stage 2 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 2 | 2 |
RMS 10 | Stage 2 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 2 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 20 | 15 |
RMS 10 | Stage 2 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 31 | 22 |
RMS 10 | Stage 2 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 27 | 14 |
RMS 10 | Stage 2 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 9 | 7 |
RMS 10 | Stage 2 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 2 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1,725 | 1,112 |
RMS 11-13 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 260 | 235 |
RMS 11-13 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 317 | 249 |
RMS 11-13 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 178 | 154 |
RMS 11-13 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 710 | 789 |
RMS 11-13 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 62 | 65 |
RMS 11-13 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 114 | 82 |
RMS 11-13 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 117 | 84 |
RMS 11-13 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 35 | 27 |
RMS 11-13 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 34 | 21 |
RMS 11-13 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 1 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 1 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 1 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 11 | 5 |
RMS 11-13 | Stage 1 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 2 | 2 |
RMS 11-13 | Stage 1 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 117 | 177 |
RMS 11-13 | Stage 1 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 1 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 1 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 1 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1 | 1 |
RMS 11-13 | Stage 1 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 1 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 1 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 2 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1,725 | 1,112 |
RMS 11-13 | Stage 2 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 260 | 235 |
RMS 11-13 | Stage 2 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 306 | 244 |
RMS 11-13 | Stage 2 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 176 | 152 |
RMS 11-13 | Stage 2 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 593 | 612 |
RMS 11-13 | Stage 2 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 2 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 62 | 65 |
RMS 11-13 | Stage 2 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 114 | 82 |
RMS 11-13 | Stage 2 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 116 | 83 |
RMS 11-13 | Stage 2 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 35 | 27 |
RMS 11-13 | Stage 2 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 34 | 21 |
RMS 11-13 | Stage 2 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 3 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 3 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 3 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 3 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 3 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 3 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 3 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 3 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 3 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 3 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 3 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | Stage 3 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | POCI | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | POCI | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | POCI | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | POCI | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | POCI | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | POCI | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | POCI | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | POCI | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | POCI | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | POCI | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | POCI | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11-13 | POCI | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 13,839 | 12,917 |
RMS 14 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 280 | 292 |
RMS 14 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 256 | 271 |
RMS 14 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 179 | 201 |
RMS 14 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1,280 | 778 |
RMS 14 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 55 | 62 |
RMS 14 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 456 | 394 |
RMS 14 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 111 | 128 |
RMS 14 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 135 | 139 |
RMS 14 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 105 | 116 |
RMS 14 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 54 | 55 |
RMS 14 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 8 | 9 |
RMS 14 | Stage 1 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 3 | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 3,424 | 1,940 |
RMS 14 | Stage 3 | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 280 | 292 |
RMS 14 | Stage 3 | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 256 | 271 |
RMS 14 | Stage 3 | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 179 | 201 |
RMS 14 | Stage 3 | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 1,280 | 778 |
RMS 14 | Stage 3 | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 55 | 62 |
RMS 14 | Stage 3 | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 254 | 184 |
RMS 14 | Stage 3 | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 111 | 128 |
RMS 14 | Stage 3 | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 135 | 139 |
RMS 14 | Stage 3 | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 105 | 116 |
RMS 14 | Stage 3 | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 54 | 55 |
RMS 14 | Stage 3 | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 8 | 9 |
RMS 14 | POCI | Drawn exposures | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 10,415 | 10,977 |
RMS 14 | POCI | Drawn exposures | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI | Drawn exposures | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI | Drawn exposures | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI | Drawn exposures | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI | Drawn exposures | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI | Expected credit loss allowance | Retail - UK mortgages | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 202 | 210 |
RMS 14 | POCI | Expected credit loss allowance | Retail - credit cards | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI | Expected credit loss allowance | Retail - loans and overdrafts | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI | Expected credit loss allowance | Retail - UK Motor Finance | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI | Expected credit loss allowance | Retail - other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI | Expected credit loss allowance | Other | ||
Schedule Of Credit Quality Of Assets [Line Items] | ||
Loans and advances to customers | £ 0 | £ 0 |
Dividends on ordinary shares (D
Dividends on ordinary shares (Details) - GBP (£) £ in Millions | Oct. 27, 2021 | May 19, 2021 |
Disclosure Of Dividends [Abstract] | ||
Dividend paid | £ 1,900 | £ 1,000 |